This coin started with 200 blocks worth 10,000 GLD each. That is 2,000,000 coins that were minted in about 4 seconds.
To put that in perspective, DCG has only minted about 400,000 coins total
It is a miracle the price is as high as it is. This is a worthless coin. Get out now while someone is still naive enough to buy
where is your proof? stop crying already and move on Click on next block over and over and cry yourself a river. Every one of those 10,000 coin blocks will be going up in a firesale these were used for bounties and to spread the wealth, now you got anything new to say? Irrelevant. That enormous float of coins, minted in seconds, will all be going up for sale. Where do you think someone got 100,000 to unload at .00000000000009 or whatever ... |
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This coin started with 200 blocks worth 10,000 GLD each. That is 2,000,000 coins that were minted in about 4 seconds.
To put that in perspective, DCG has only minted about 400,000 coins total
It is a miracle the price is as high as it is. This is a worthless coin. Get out now while someone is still naive enough to buy
where is your proof? stop crying already and move on Click on next block over and over and cry yourself a river. Every one of those 10,000 coin blocks will be going up in a firesale |
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This coin started with 200 blocks worth 10,000 GLD each. That is 2,000,000 coins that were minted in about 4 seconds.
To put that in perspective, DCG has only minted about 400,000 coins total
It is a miracle the price is as high as it is. This is a worthless coin. Get out now while someone is still naive enough to buy
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I have also established a no fee p2pool for WDC http://107.20.187.147:9500/static/The pool is only experiencing about 5% orphans to the WDC network so might be a good bet if you want to mine that coin Running these pools on dedicated servers so should be able to handle high load easily my DGC one is running about 100 mh/s and peaked at nearly 160 mh/s Not much mh/s yet on the WDC one but I'm hoping it ramps up soon |
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I've always preferred the p2pool's when available. I have one for DGC that has been up more or less continuously since the early days of the coin: http://54.227.253.120:9500/static/I hear Vern's pools are great but my luck, overall, has been hit and miss with the push pools |
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The reality is these coins are backed by:
1. The length of the blockchain
2. The difficulty
3. The amount of compute power necessary to maintain the network
Bitcoin is the most valuable because it has (1) The highest hash rate, (2) the longest block chain, and (3) by far the strongest network
LTC is a runner up
Most of the alternate coins are a pale shadow of BTC/LTC but over months and years a few winners may emerge. We're undergoing an experiment here to sort out who those winners may be.
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Yes I have opened up port 48907 for peer to peer pools to connect
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Oh joy another 0 difficulty coin with massive initial reward that will be premined by the developer and friends for millions of coins ... will be some huge "bounties" LOL
At least start the difficulty higher or do what DGC did with small initial rewards
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GLD would be just like JKC on an exchange .000000001 what's the point ?
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Due to the success of my DGC P2Pool, I am experimenting with a new WDC pool. Fee will be 0% for now! Would appreciate if some miners could hit it to help me test Pool address is http://107.20.187.147:9500This is a dedicated server with capacity for up to 400 mh/s so should stay up continuously cgminer instructions: cgminer --scrypt -o http://107.20.187.147:9500 -u YOURWDCADDRESS+0.00116414 -p x --queue 0 pool will pay out miners immediately when each block is found. Rewards will increase slightly over time for dedicated miners The +0.00116414 can be changed to a desired level of difficulty. That rate is good for two 7970's. For CPU or fewer GPU's, make that number proportionally smaller so that the server will dish out appropriately difficult work shares |
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Please participate in my new WDC pool. Fee will be 0% initially! Would appreciate if some miners could hit it we're up to 10 mh/s and cranking out blocks Pool address is http://107.20.187.147:9500This is a dedicated server with capacity for up to 400 mh/s so should stay up continuously cgminer instructions: cgminer --scrypt -o http://107.20.187.147:9500 -u YOURWDCADDRESS+0.00116414 -p x --queue 0 pool will pay out miners immediately when each block is found. Rewards will increase slightly over time for dedicated miners The +0.00116414 can be changed to a desired level of difficulty. That rate is good for two 7970's. For CPU or fewer GPU's, make that number proportionally smaller so that the server will dish out appropriately difficult work shares |
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http://54.227.253.120:9500/static/ is running normally we're at around 125 mh/s 10-20% local reject rates are normal when submitting shares to a p2pool. That will not impact your payout expectation since the rewards are spread proportionally across all miners
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I'm sold! Please post a wallet address so I can send the 110 BTC  |
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The exchange rate for DGC on Cryptsy seems similar to what they were selling for on here. .5 BTC per 1000 = 20 LTC per 1000 = 2 LTC per 100
So nothing has changed. The coin retained about the same market value.
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http://54.227.253.120:9500/static/Dedicated server presently handling about 120 mh/s so we're finding blocks quickly cgminer instructions: cgminer --scrypt -o http://54.227.253.120:9500/ -u YOURDGCADDRESS+0.00116414 -p x --queue 0 pool will pay out miners immediately when each block is found. Rewards will increase slightly over time for dedicated miners The +0.00116414 can be changed to a desired level of difficulty. That rate is good for two 7970's. For CPU or fewer GPU's, make that number proportionally smaller so that the server will dish out appropriately difficult work shares
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I'm losing my shirt trying to do trades on Cryptsy! Need a real exchange for this great coin ASAP
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The annoying part is that they credited me as if it sold at that ridiculously low price but the actual sales executed were 10x as high.
(update: Looks like Vern is going to credit me for the amount lost. Be careful when keying in your sell price!)
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