Rubbish dump, not even $.5mm.

Said for weeks the bears are getting rubbish at this dumping business, they used to be much more effective.

So that its not copied before they're sure of their implementation and have gained a significant lead. Not reasonable in my opinion but its the argument of the closed source coin backers of which I am not one.

We're not saying its an issue, we're speculating about the amount and weight of the top few holders.

If someone still has that many coins now with all the attention around XMR they are unlikely to be offloading a significant amount due to liquidity and by the time its liquid enough they won't want to sell them, in fact who does?

I didnt understand the Bitfinex FUD in the first place, it didnt apply to open orders, just new ones so how was that supposed to have caused a mass sell off?

Thanks.

On the lower bound of your estimate, 20%, that would give you a figure for the five holders of total 453,400.
On the upper bound of your estimate, 35%, that would give you a figure for the five holder of total 793,450.

With the upper bound meaning an average of 158,690 per person and the lower bound meaning an average of 90,680 to me thats quite a large difference. If for arguments sake we say the top holder has 200k how do you see the following 4 players being weighted? Normally with alts the value tends to stay lower for a longer period of time that allows these "super holders" to quietly accumalate these high quantities of coins.

In XMR's case it is and has been a relatively high priced coin (for a brand new alt) since the beggining. For your figures in regards to the top 5 and their holding percentage you would therefore suppose that they deep pockets in the first place? I guess what Im getting at is from my POV the ownership is more spread than this is suggesting and I'm trying to think of scenarios where 5 people would still hold 35% of the total supply as as a miner production cost (anytime after the first few weeks) has been relatively high.

Just make sure you have more backups than that as USB sticks have known to stop working over a significant period of time.

Claymores miner has a no fee option and there is also a fee free verison for Nvidia cards as far as I know. It is also limited to windows.

Claymore is not getting "5% of the universe".

Plus if you beleive the botnet line then they arent going to be using Claymores miner.
Plus all the people who are mining on their own hardware (CPU's) are again not paying that 5% fee. Really dont see how you would come to the conclusion that Claymores miner is the equivalent of a 5% premine.

Indeed but that depends on what you value it against. In $ terms in a btc rally XMR is sure to rise in $ terms as well. However on the BTC pair it is less likely to rise substantially (at least initially) as people would rather hold BTC in a BTC rally but also because miners have costs to pay in $ as well, that means that if they are mining for profit they can do so at at a higher cost per coin. In crypto terms the time scales that we're talking about though are so large that I can see any extremity of bearish or bullish scenarios being reached.

I didn't say 70-75% I said think closer to 60% than 25%. I know that for absolute certain that a player has had close to 50% of the hash for a significant amount of time. Anyways, theres no point arguing about it because it not easily provable and frankly makes no difference which of us is right.

If you mined from almost the beggining with close to 50% hash you could theoretically get 400k in 40 days. I however dont believe the top holder has that many anyway hence why I was asking where the 400k figure came from.

Hi Stunna I sent you a PM yeserday morning so I thought I'd write a post here. I'm still awaiting payment for the last month. Could you look into it and get back to me please.

Just to update, the users who were waiting to be paid are still waiting. OP hasnt been online in three days, its looking more likely that he wont pay his debts.

Low volume only bothers day traders though. If people are not keeping their coins on exchanges and are trading less in general then that doesn't bother me. The only thing that matters is how much someone is willing to pay. I dont care if we do 1mm BTC a day in volume or 5k if Im not a trader. Dont worry if/when another bubble happens it will happen regardless and when that time comes there will be no shortage of people flying money and coins into exchanges, but granted during these "down times" the voume is greatly reduced and GOX can be named as a contributing factor.

Lets remember though, counter party risk was among the reasons I first got interested in Bitcoin. The whole be your own bank and dont let the bankers gamble your money away. Therefore it stands to reason that I wouldnt keep coins/fiat on exchanges and it took an event like GOX to remind people of that. It could be argued then, that if you beleive this low volume is due to people not keeping coins on exchanges then this is a positive in regards to people understanding the fundamental principles of Bitcoin.

But as I said, I wouldn't fear as once the train moves for whatever reasons people will quickly forget about the lessons they learnt and will go back to day tarding, staring at the charts hoping for that $10 move so they can close their short and make 0.0001BTC

Buying that many is very difficult and just placing 88BTC of bids is just going to get people bidding infront of you. Without knowing any miners to buy direct from getting 88BTC worth of XMR with .001 slippage isn't actaully a bad trade at all. Also the average price paid would probably work out to 0.005ish of slippage again not a bad trade. If you have deep pockets paying 3-5 btc extra to just get your chunk rather than placing bids is really not a lot of money.

To me this just shows the sort of players entering the market and is one of many current buy signals.

And uses more power...

You really need to sit down and run some numbers yourself to see what you should actually expect. I get the feeling your not too sure what your doing and I would hate for you to expect something and then get something else.

Just so you dont confuse yourself, the figures quoted above are h/s not kh/s.

Yes you can run both.

It completely depends on your hardware, there is no answer to which is more effective without knowing that. However in general GPU seem to be more efficient.

Just leave it blank and press submit.


17th of August you then use just the request payment form and do not need to re-enroll.

You can mine CPU and GPU at the same time if thats what you want to do.

Where does the 400k come from ?

At times during the early mining phases one player had far more than 25% of the hash (think closer to 60%). The market was also much smaller so the diff was lower and you could have well over half the network for a rather cheap (in hindsight at least) sum. Some people are miners for a living and as such with 100's of BTC's the best thing they feel to do is use it to make/mine more.

You know, people do have lives and aren't always available or able to be on a pc. Granted a PM with Stunna to explain would be better but there are a myraid of reasons as to why you couldn't do it on the 17th. This is why automatic payments like what Ritz was doing was far superior.