relm9, are you not seeing that his mining contract was announced on the 18th of May and lasts 8-10 days?  Thus, with digicoin's release, which was supposed to be Tuesday, but apparently was moved forward (suicidal move for a coin's launch, imho), Baritus, the dev of digicoin, would be mining WDC all through the crucial first week of digicoin's existence.  Such a terrible message to send to the community.  How can we expect much from a dev who does this?  What kind of faith can we invest, not to mention our electricity/hash power, in such dev and his coin?  It's insulting.

Mining another coin shows nothing but interest in the field. I'm not trying to create any pump club either. I openly admit to mining BTC, LTC, NMC, TRC and many more, should I be executed then?

If you are not interested in digitalcoin, simply close the tab and never come back though.

Thanks.

It's amusing, but that said, I wouldn't doubt the devs behind CNC, WDC, etc were all mining FeatherCoin before it crashed. They were just smart enough to release their coins under an alt account.

Yes, the difference with the increased hardware is that that increase in hardware is now pinned to the block reward as well.

Inflation of a currency is when a currency's buying power is reduced. With fixed-reward currencies, the buying power increases at ridiculous rates as difficulty increases. For example, one Bitcoin back in January was worth around $20-$30, and had that much buying power. Since the supply of Bitcoin doesn't increase with increasing demand, we end up with one Bitcoin at one point being worth over $250, a 10x jump in a matter of months! With 'root', however, the block reward would increase with increased demand, so while the value would still go up and down, it would correct faster (buffer), as with less profitability, less people mine, so less coins are produced an hour, and vice-versa.

It's true we don't know what it will really do once it hits the market, but seeing the economic patterns Bitcoin has taken, it makes sense for root to work.

The main force that would cause its price to drop to ridiculous lows would be a general lack of interest in the coin. The coin's economic ideas itself would not run it into the ground, as it adjusts to supply/demand.

It wouldn't be hyperinflationary, but instead would be anti-deflationary. Compared to Bitcoin, it would be inflating, but when pinned to fiat it would simply resist movement in both directions. Our view of currency has been slightly skewed by Bitcoin. A currency usually does not deviate as much as Bitcoin has, and when a coin makes less profit for initial investors it could be considered inflationary relative to Bitcoin, but the currency would not lose buying power, but instead would not gain as much, increasing its stability.

You do realize that once someone views that link they can cancel the order? This isnt market ordering. This is a p2p trade system with the service as the middleman. Send a link directly to whom you are selling or buying from. Don't post them everywhere.

Currently, yes the block reward would be glued to the square root forever. While at difficulty 1,000,000 the reward would be 1,000, each coin would be much harder to mine (10x harder, as 1000 would be produced for each 1M block, and each 1M block is 100x harder to mine than a 10K block) and so the coins would enjoy a gain in value over time, without the hard explosion (and subsequent crashes) that other Cryptocurrencies have had to deal with.

Essentially, it is playing supply and demand economics with a twist. The more demand, the more supply, but supply doesn't scale in a linear fashion.

The non-linear scaling makes faster hardware not cause hyperinflation (as a 1:1 reward would, as more coins per $ would be made in the future), however the scaling does mean that early adopters won't be the only people to make a profit, and large market swings will be reduced.


It would take a 100x increase in the total mining hardware on the network to boost up the block reward by x10, and therefore the coins do become more valuable over time. However, people aren't as likely to dump them quickly (mined 1000 roots in 6 months, now that 6 months of time with the same hardware would only get 100 coins, let's say) as it would not be as sharp of an inflation that a fixed-difficulty coin (such as has been seen with Bitcoin) experiences.

Hopefully that clears it up? It's a bit hard to explain.

Fixed. I will add the auto-scammer-check soon on the spreadsheet.

Another huge change in hashrate.

15:30 UTC

Hashrate WorldCoin: 1069.10
Hashrate Nibble: 472.84

Ps: I first expressed these concerns about a month ago even before Mt Gox got served.

I received several Paypal payments from BTCe and it was obvious they were breaking in the law at the time. Not only did the PayPal payments come from random individuals and shell companies, but they also ask for no over indintification of your identity.

They are blatantly FINcen non compliant.

Just some feedback - I had 8GB pulled 4 and there was zero change - so 4GB is fine for 4 cards , have 4x 7950s.

don't skimp on the PSU if the PSU has the name "Wing" in it (or any other part of a chicken) , your going to have a bad time . 

two most important parts _ PSU and Mobo -

i have a MAX REVO 1500W running 4 cards. MSI z77a-gd65 - they are all on the 1x slots , don't expect to run 6 cards with that board though, better still if you do manage to , PM me !

I think it is because of the Google news

Block reward is at 50 currently.