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Network hash is about 12 MH/s , while the two major pools' hashrates are about 0.3 MH/s for community pool and about 0.58 MH/s for cryptoknight pool.
Is this normal?. Do not tell that 12 MH/s is an averaged network hashrate.
This is a good example of NiceHash use. When you are renting a few mega-hashes, which will make up more than half of the network hash rate, you are guaranteed to be mining almost every block. If you're going to be the reason for mining almost every block then it would be more than logical to either solo mine or set up a private pool as more coins will be earned. ok, Dev, thanks. Is the algo particularly suitable or designed for nicehash extraction as someone noticed the difficult changing? Please vote for this coin today!. I give a support for its IPFS and ZeroNet! We are working on changing the difficulty algorithm to LWMA which is the one used by IPBC and a few other small CryptoNote projects. This should eradicate the issues that users are having with NiceHash. I see 3 pools which found all unconfirmed blocks(18 unconfirmed blocks +1 Maturity 0 ). https://communitypool.stellite.cash/#/blocks (hash rate: 248.64 KH/s) - 8 unconfirmed blocks + 1 (Maturiy 0) http://cryptoknight.cc/stellite/#pool_blocks (hash rate: 504.20 KH/s) - 8 unconfirmed blocks https://stl.dreampool.info/#pool_blocks (hash rate: 59.35 KH/s) - 2 unconfirmed blocks Therefore, Mysterious ~16 MH/s - 0 unconfirmed block Whole network hashrate is 17.30 MH/s. Difficulty: 1111381158 How can you explain this situation? (I have suspected botnet for the Big network hashrate, but it was not real big network hashrate.) This high hashrate 19MH/s has maintained for sometime. It cannot be explained as nicehash. It most likely comes from any private pool. The extraction output for 1kH/s per day has dropped to below 2000 coins. The price of the coin has increased. |
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Wow, What's happening. The network hashrate has reached 19 MH/s. But we do not have an idea who is behind these hashes. It could mean the price will jump or just vice verse. Let's see........ The mystery will be opened up.
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Network hash is about 12 MH/s , while the two major pools' hashrates are about 0.3 MH/s for community pool and about 0.58 MH/s for cryptoknight pool.
Is this normal?. Do not tell that 12 MH/s is an averaged network hashrate.
This is a good example of NiceHash use. When you are renting a few mega-hashes, which will make up more than half of the network hash rate, you are guaranteed to be mining almost every block. If you're going to be the reason for mining almost every block then it would be more than logical to either solo mine or set up a private pool as more coins will be earned. ok, Dev, thanks. Is the algo particularly suitable or designed for nicehash extraction as someone noticed the difficult changing? Please vote for this coin today!. I give a support for its IPFS and ZeroNet! We are working on changing the difficulty algorithm to LWMA which is the one used by IPBC and a few other small CryptoNote projects. This should eradicate the issues that users are having with NiceHash. Excellent. This is a very good sign. Devs are listening to the community and taking actions. Good luck for this coin. |
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Network hash is about 11 MH/s , while the two major pools' hashrates are about 0.3 MH/s for community pool and about 0.5 MH/s for cryptoknight pool. The nicehash has been staying here for quite some time. A lot of money to spend on hiring nichhash? Is it profitable currently? Maybe, this guy bets this coin bright future.
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Network hash is about 12 MH/s , while the two major pools' hashrates are about 0.3 MH/s for community pool and about 0.58 MH/s for cryptoknight pool.
Is this normal?. Do not tell that 12 MH/s is an averaged network hashrate.
This is a good example of NiceHash use. When you are renting a few mega-hashes, which will make up more than half of the network hash rate, you are guaranteed to be mining almost every block. If you're going to be the reason for mining almost every block then it would be more than logical to either solo mine or set up a private pool as more coins will be earned. ok, Dev, thanks. Is the algo particularly suitable or designed for nicehash extraction as someone noticed the difficult changing? Please vote for this coin today!. I give a support for its IPFS and ZeroNet! |
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Network hash is about 12 MH/s , while the two major pools' hashrates are about 0.3 MH/s for community pool and about 0.58 MH/s for cryptoknight pool.
Is this normal?. Do not tell that 12 MH/s is an averaged network hashrate.
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Why does the whole network have about 7.6 MH/s hash rate? but all listed pools add together only to have less than 1 MH/s hash rate. Is any big farm extracting these coins from their own pool?
What that doesnt make sense It does make sense if it were true. It could mean that one farm could control most of coins and later manipulate the price. It might be a Nicehash buyer. You also have to keep in mind that there are a lot of people who mine on private pools/solo mine. You can't expect to be able to add the network hashrate solely from the pools. This is the case for most coins. Even bitcoin which is the most known coin with little privacy has 10% of the network as "unkown". Why do you mention Nicehash? Big losses at this Stellite price, Buying is much better. Only bots do not care the price because bots use others' resources. Centralization may kill this project. Redistribution of wealth to Hackers, Nice Project! On what basis are you doing these assumptions, if I may ask? It's not even two months old and you are already saying it is being mined by bots? Why should they at this price? Only bots do not care the current price because no loss at all(Even Asic uses electric), I have seen bots in CPU only algorithms(no Nicehash) coin, and that coin does not have any exchange. Greedy hackers are ruining this game. So, I think if Big Hashrate reflect the price -> Nicehash, if not, Bots or Asic. In this case, I suspect Bots. What are you even talking about? Are you assuming botnets? I highly doubt there are botnets mining a coin this new with relatively low volume. Like I mentioned earlier it's probably a nicehash buyer since the nethash drops randomly from 7Mh/s to 4Mh/s. I do however agree it will likely become a bigger issue once the coin gets more attention. XMR and ETN are currently having issues with it. the coin have problem,the block diff change so slow, it change diff after big hash coming 2hours,so they can mining over 500 blocks,about 4X normal blocks and the hash go this coin need 12hours to change diff to normal,so in this 12 hours you will ming vert less blocks, other coin do better,like itns ,they will change diff in a few minuts when big hash coming,and the hash going it only need 1-2hours changge diff to normal, we can mining normal. but this coin looks dev for nicehash, so if you need this coin i recommend you buy it,you can mining out coin sell then buy xtl If it is this case, it is a big question? It would mean a big risk to hold this coin because more and more cheap coins are dumped into the market. It will be no hope for the rise of price. Dev should think about using the same method as IPBC coin took to protect your coins. |
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Today, the situation changes again. Just one minute ago, the whole network from the community pool has 2.0 MH/s hashrate. However, in one of the pools (another pool), it presents about 6.0 MH/s hashrate, but simultaneously its network hash rate still shows only 2.0 MH/s, yesterday, vice verse. Something must be wrong here.
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Why does the whole network have about 7.6 MH/s hash rate? but all listed pools add together only to have less than 1 MH/s hash rate. Is any big farm extracting these coins from their own pool?
What that doesnt make sense It does make sense if it were true. It could mean that one farm could control most of coins and later manipulate the price. It might be a Nicehash buyer. You also have to keep in mind that there are a lot of people who mine on private pools/solo mine. You can't expect to be able to add the network hashrate solely from the pools. This is the case for most coins. Even bitcoin which is the most known coin with little privacy has 10% of the network as "unkown". Why do you mention Nicehash? Big losses at this Stellite price, Buying is much better. Only bots do not care the price because bots use others' resources. Centralization may kill this project. Redistribution of wealth to Hackers, Nice Project! On what basis are you doing these assumptions, if I may ask? It's not even two months old and you are already saying it is being mined by bots? Why should they at this price? Only bots do not care the current price because no loss at all(Even Asic uses electric), I have seen bots in CPU only algorithms(no Nicehash) coin, and that coin does not have any exchange. Greedy hackers are ruining this game. So, I think if Big Hashrate reflect the price -> Nicehash, if not, Bots or Asic. In this case, I suspect Bots. What are you even talking about? Are you assuming botnets? I highly doubt there are botnets mining a coin this new with relatively low volume. Like I mentioned earlier it's probably a nicehash buyer since the nethash drops randomly from 7Mh/s to 4Mh/s. I do however agree it will likely become a bigger issue once the coin gets more attention. XMR and ETN are currently having issues with it. I see botnets in new coins nowadays, even in new algorithms(CPU only). Price gap is so deep for Nicehash buyers, so I suspect botnets. and, Why do Nicehash users mine at that price? they can buy more Stellites from exchanges at that price. The price gap was so deep. I agree that Nicehash users will not mine this coin, at least not now. Dev do need to pay some attention on this, in case for any bad side. This could kill this nice coin. There are some risks and possibilities. If the price was controlled by an unfriendly person towards this coin, they can pump and dump. |
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Why does the whole network have about 7.6 MH/s hash rate? but all listed pools add together only to have less than 1 MH/s hash rate. Is any big farm extracting these coins from their own pool?
What that doesnt make sense It does make sense if it were true. It could mean that one farm could control most of coins and later manipulate the price. |
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Why does the whole network have about 7.6 MH/s hash rate? but all listed pools add together only to have less than 1 MH/s hash rate. Is any big farm extracting these coins from their own pool?
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Just have a look. There are some errors in English. Typically there is a repeated "the" in the Global and Secure; 2) "Implementation" should be replaced by "implement". Overall, it would be better to do slight modification. |
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OK. Let's hope it goes to moon.
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In the long term, it is very difficult to predict. Two reasons: 1) Technically, IPBC cannot be regarded as the leading sheep for blockchain technologies, which means that IPBC coin is not BTC coin; 2) current business model by IPBC cannot justify high price of IPBC coins because there is contradictory. e.g. If the price of IPBC coin reaches one dollar, one GPU gtx 1080 will roughly mine one coin of IPBC per day at best performance. Let's assume that it has about 1000 H/s for one gtx 1080, which is for 24 hours. However, to watch a video on IPBC, it is probable to have 10 H/s additional satos for mining, thus, it will need someone to watch a video on IPBC website for 2400 hours that is equivalent to 100 days to get one dollar income. I am not sure what income that the "youtube" can receive if someone watches its video for 2400 hours.
i think if the platform gets more popular you can earn alot easy money if you release good content(videos). it will be the mass you will earn with money & anyway its free hashrate for you. this product/coin is just 1 month old, maybe in near future millions of people will watch videos on bit.tube and, i have no doubt about it then you will get alot hashrate & current price will be like free coins besides of that ipbc is one of the very few coins that have a working product baking it, many other shitcoins with much higher market cap has only bullshit roadmaps baking it. No, it is not this case. There is a contradictory in IPBC business model. I noticed that it can earn about 3.5 dollar for 1000 H/s per day when the price of IPBC drops to 0.35 dollar roughly today with network hash of about 35 MH. but yesterday, it can only earn about 2.0 dollar when the price of IPBC got to 0.42 dollar with network hash of 80 MH. This means that the more popular (assuming the higher price of IPBC coin), probably the less money will earn for the same clip/video placed on the IPBC website after watched by the same times. Your calculations may be right, but the question is, if IPBC costs a high significant value, it will be interesting that your video is published and seen by people, since prices will be high! But think of the following, what if 2400 people watch the same video for 1 hour? Suppose it has the same H/s capacity, will it really take all these hours? IPBC more than coin, is an alternative to the bureaucracy of Youtube, IPBC is an entertainment platform, then Coin. Good project but wrong business model. Hopefully, it would not be forced to become a scam coin. |
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In the long term, it is very difficult to predict. Two reasons: 1) Technically, IPBC cannot be regarded as the leading sheep for blockchain technologies, which means that IPBC coin is not BTC coin; 2) current business model by IPBC cannot justify high price of IPBC coins because there is contradictory. e.g. If the price of IPBC coin reaches one dollar, one GPU gtx 1080 will roughly mine one coin of IPBC per day at best performance. Let's assume that it has about 1000 H/s for one gtx 1080, which is for 24 hours. However, to watch a video on IPBC, it is probable to have 10 H/s additional satos for mining, thus, it will need someone to watch a video on IPBC website for 2400 hours that is equivalent to 100 days to get one dollar income. I am not sure what income that the "youtube" can receive if someone watches its video for 2400 hours.
i think if the platform gets more popular you can earn alot easy money if you release good content(videos). it will be the mass you will earn with money & anyway its free hashrate for you. this product/coin is just 1 month old, maybe in near future millions of people will watch videos on bit.tube and, i have no doubt about it then you will get alot hashrate & current price will be like free coins besides of that ipbc is one of the very few coins that have a working product baking it, many other shitcoins with much higher market cap has only bullshit roadmaps baking it. No, it is not this case. There is a contradictory in IPBC business model. I noticed that it can earn about 3.5 dollar for 1000 H/s per day when the price of IPBC drops to 0.35 dollar roughly today with network hash of about 35 MH. but yesterday, it can only earn about 2.0 dollar when the price of IPBC got to 0.42 dollar with network hash of 80 MH. This means that the more popular (assuming the higher price of IPBC coin), probably the less money will earn for the same clip/video placed on the IPBC website after watched by the same times. |
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Let's see what happens after 23000 blocks, then decide to mine, to invest, or to sell IPBC coins. In the current situation, it is not worth mining for small miners. Without ICO money to burn in order to get popular for the IPBC website (it may take years to come), it is questionable whether the project can survive in the current business model or not. If I were the Devs, I would choose to sell all coins and walk away.
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In the long term, it is very difficult to predict. Two reasons: 1) Technically, IPBC cannot be regarded as the leading sheep for blockchain technologies, which means that IPBC coin is not BTC coin; 2) current business model by IPBC cannot justify high price of IPBC coins because there is contradictory. e.g. If the price of IPBC coin reaches one dollar, one GPU gtx 1080 will roughly mine one coin of IPBC per day at best performance. Let's assume that it has about 1000 H/s for one gtx 1080, which is for 24 hours. However, to watch a video on IPBC, it is probable to have 10 H/s additional satos for mining, thus, it will need someone to watch a video on IPBC website for 2400 hours that is equivalent to 100 days to get one dollar income. I am not sure what income that the "youtube" can receive if someone watches its video for 2400 hours.
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VRT can higher price if you do development better I expect it will reach $ 10 in a short time Its true! But we need time.We will implement 3-level masternode and new POW algo. More levels could be thought of; e.g. 10 levels if these can be achieved because this is the way significantly to increase the transaction speed and simutaneously to maintain a good security in order to compete with the traditional system. This is really a promising project. |
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