Nice action today.

Block 525000 will be here soon.

3-day trend (btc38.com) continues to march upwards.

Bittrex trades are beginning to get real.

Would you consider giving relevant credentials (github repository, etc) to current developers?

One of your followers:  https://github.com/limxdev

He and another coin developer have great skills and core code updates ready.  It would really help.  Maybe the coin deserves a better chance to survive and thrive.

 

I think people tend to forget that MEC is several years old now, and has been trading solid volume on btc38.com during that time, whereas MEC is new to bittrex of course.  As MEC's new developers cgminer-o and nbk continue their efforts, I think you'll see renewed interest in the coin.  In my opinion, I think it's great that with 31.3 million coins in circulation, that the trading price is just a few cents, this creates a favorable entry point for traders.

The trading trend is on an upswing, sosobtc has one of the best btc38.com MEC trading charts out there.  Chinese love MEC and typically dictate the price, it'll be very interesting to see how bittrex influences it.  I'll totally admit, I didn't think I would see MEC trading 60+ btc on bittrex this soon.  I didn't expect that until after cgminer-o and nbk release MEC updates.

Enjoy.

http://k.sosobtc.com/mec_btc38.html
(In the upper left, click the 3 day chart link)

Block 525000

It's quite probable that the Chinese traders who swapped 400,000+ Megacoin today may have some interest.   

Nice altcoin rally in progress today.  Megacoin included.

Yep.

I hope that kimoto may consider some brief communications with those who continue the development effort, nbk and cgminer-o specifically.

His comments on the recent MEC core upgrades would be very meaningful.

Network hashrate and price are ratcheting up.

Interesting.

You are one interesting developer, kimoto. 

Maybe you'll reconsider retiring?  You are very needed.

A few notable Megacoin talking points.

• Kimoto's recently announced departure - not much of an effect on anything really
• Plenty of MEC actively exchanged on both cryptsy.com and btc38.com
• MEC core updates being coded by the LIMX team
• Resilient market cap, as regularly mentioned
• MEC listed on blockr.io, which was purchased by Coinbase.  Note:  very few coins listed on blockr.io

btc38.com is a huge Chinese exchange, the fact that MEC is even listed there is significant.  Just as with many alts, you see plenty of big waves of trading followed by slow periods, and so the cycle repeats.

It's very easy to go thread hopping and call alts scams and cry because early miners and buyers hold coins, but the facts speak for themselves.  It's very likely that MEC continues to stand out among the top mineable coin market caps, and attracts even more attention as focus shifts back to what it evolves into.  At a minimum, MEC is already being used as a store of wealth inside of some large exchanges and has been for almost 2 years now.

Megacoin traded at around 100 btc worth of volume on this exchange in the past 24 hours:

http://www.btc38.com/trade_en.html?btc38_trade_coin_name=mec

No bitcoinwisdom listing of course.

Glad to see that bitcoinwisdom covers no-volume coins like FlutterCoin though. 

...  it's still a nice tool to have around, glad to have it. 

So an entire stock exchange is shutdown due to a 'technical glitch'?

Woops, they must have forgot to QA the NYSE prior to putting it live.  It's just a silly little meaningless exchange, probably running on a PC under somebody's desk.  it's not like there would be a need for contingency plans in the event of a failure.

Yeah.

Right.

It'll be amusing to see the 'real' reason, or at least whatever they refer to as the real cause, whenever that might surface.

Take a look at the configuration in this post:

https://bitcointalk.org/index.php?topic=1080545.0

Notice how this went from no trading volume back towards 1M - 2M MEC per day.

This is the daily MEC chart @ btc38.com.

There is a lot of speculation on that particular subject.  For example, this tweet:
https://twitter.com/kimdotcom/status/425921037197254656

Also this:
https://twitter.com/kimdotcom/status/485905560731013120
Where the quote from The Matrix was coincidentally posted by the developer kimoto, around the same timeframe.

To be fair, I think there is also a youtube video where KDC was pressed on the issue...  denied it at the time, if I remember correctly.

My guess is that kimoto is not KDC, but I have a feeling that KDC is/was following Megacoin closely.  Possibly due to MEC's presence on large altcoin exchanges like Cryptsy and btc38.com.  I know that if I tried to build an empire around the 'Mega' brand, and a clever crypto developer created 'Mega' coin, I certainly would take interest in that.

(I expect others to chime in now with reasons there are and aren't connections, have at it  )

Nice MEC trading volume on btc38.com today.

Support seems to be meticulously building up underneath recent highs.

I'd surely choose MEC over the Euro today, but that is just my opinion.   

Got to call it like I see it, I agree.  I would expect a pop into the mid-0.0002 range soon, followed by a small selloff.  Wash, rinse, repeat at higher price levels...


We are close to 'half time'   

There isn't enough room in one post to answer that one.

Do a little research though, read back through these posts and take a look at the dedicated forum and you'll see. 

nbk and cgminer-o have been working hard on mega improvements.  We owe these guys big time.