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The money problem:
Its well known that one of the main problems for Fiat-money,is caused from the US-Dollar.
My subjective not 100% accurate view on it.
The US has forced the rest of the World, to accept USD as an World currencie, most currencies are strongly dependent on it.
For exampel:
• the Oil price is bind to USD Value
• the European Central Bank is forced to hold huge amounts of USD in Reserve.
• and many more….
If a new crysis is affecting the US, or they just want to buy some new weapons “to bring democracy to the World “. The US-Banks can just create money out of the air, the infaltion is shared around the World. Thier problem is solved and the Rest will pay for it.
Back to Bitcoin:
Why are we even define the Bitcoin Vlaue in USD? Why can u buy bitcoin with USD?.. something which can be created out of nothing at any time.
We need to get independ form The USD Value. The Euro would be a little bit better,Gold would be much better….. but still no solution.
How can we arcive this Revolution? Is it even possible before the big "FIAT-Player" decide to transfer their curupted Money to BTC?
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Is someone so nice and send me 1-5 Burst to BURST-KGS8-QUGT-7R55-8GVGN iwant to start mining and the Fauclets do not work if u want i pay 2xback as soon as i mined them
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Hm.. so they broke the coin? because my elektrizitie is expensive as fuack in my country i stopt mining a weak ago and as try to stabelize the coin i bought some power myself but just releasing 10Gh/s over a long time span to make this less profitable.. We only need 3 MH/s sec constant and healthy splittet between many users and it will not be profitable. The 2nd thing is dont push the price so high! it must be kind of low and not rentable for such things... and u may delte the high diff port on the pool page but it ist still there you can easy guess the port at 6666
Coin is not broken and the price based on the current mining difficulty is just right. The thing is that sudden hash flashes from nicehash increased the difficulty so high that the coin cannot be mined with the current "real", "organic" (call it as you like) mining hash power. Three options, we either wait for the difficulty to low by itself so blockchain gets moving again until a nicehasher shows up to and it rises again (this will eventually kill the coin as noone is going to invest in it), we either keep the blockchain moving by devs buying their own hashpower for suddent bursts (which leads nowhere) or there is the option to fork the chain and make the difficulty rising smoothly when flash hashing occurs. In my opinion forking is the only solution and the sooner it is done the better as the coin circulation is still low and there is only one exchange involved. Yep we are not stuck. I think we have reached the peak difficulty and will go down, painfully slow for the moment, because most miners we would need for a faster down ramp hopped to other coins.^^ 19512 was found by sumo.sumominer.com Deamon shows 19513 so I expect 3-6h for the next block. Possibly someone learns for the future, but new players will try the identical path. The dev will come up with something and renting hashing power gets more expensive atm. so still we could be slowed down next time with 3 up to 6Mh which equals difficulty....^^ I can only recommend having a decent minimum hash power on the coins you hold and at least a working daemon. See it as an Investment, if you don't care for the coin the coin will not grow. It is not that expensive it kind of pay off... my own Pc has higher powercost/hs than the prices there. I do my part and rent 10gh/s.. there was only around 6 mh/s total for rent, if some of you are doing the same thing, there is less free for attacking and we get a secure base You cannot persuade people to lose money to support a coin. Any coin. A fork will solve the difficulty issue for good in order for sumokoin to grow both in value and in users I dont wanted to, but u dont loose money you get around the same value in coins back, at the moment equal to the price of the buy poitions on the market, if u want to buy coins u can do it his way.. for you personal no difference. But i agree the problem hast to be solved another way......... okay the price dropped than it is not an good way * edit nope its still high |
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Hm.. so they broke the coin? because my elektrizitie is expensive as fuack in my country i stopt mining a weak ago and as try to stabelize the coin i bought some power myself but just releasing 10Gh/s over a long time span to make this less profitable.. We only need 3 MH/s sec constant and healthy splittet between many users and it will not be profitable. The 2nd thing is dont push the price so high! it must be kind of low and not rentable for such things... and u may delte the high diff port on the pool page but it ist still there you can easy guess the port at 6666
Coin is not broken and the price based on the current mining difficulty is just right. The thing is that sudden hash flashes from nicehash increased the difficulty so high that the coin cannot be mined with the current "real", "organic" (call it as you like) mining hash power. Three options, we either wait for the difficulty to low by itself so blockchain gets moving again until a nicehasher shows up to and it rises again (this will eventually kill the coin as noone is going to invest in it), we either keep the blockchain moving by devs buying their own hashpower for suddent bursts (which leads nowhere) or there is the option to fork the chain and make the difficulty rising smoothly when flash hashing occurs. In my opinion forking is the only solution and the sooner it is done the better as the coin circulation is still low and there is only one exchange involved. Yep we are not stuck. I think we have reached the peak difficulty and will go down, painfully slow for the moment, because most miners we would need for a faster down ramp hopped to other coins.^^ 19512 was found by sumo.sumominer.com Deamon shows 19513 so I expect 3-6h for the next block. Possibly someone learns for the future, but new players will try the identical path. The dev will come up with something and renting hashing power gets more expensive atm. so still we could be slowed down next time with 3 up to 6Mh which equals difficulty....^^ I can only recommend having a decent minimum hash power on the coins you hold and at least a working daemon. See it as an Investment, if you don't care for the coin the coin will not grow. It is not that expensive it kind of pay off... my own Pc has higher powercost/hs than the prices there. I do my part and rent 10gh/s.. there was only around 6 mh/s total for rent, if some of you are doing the same thing, there is less free for attacking and we get a secure base |
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Hm.. so they broke the coin? because my elektrizitie is expensive as fuack in my country i stopt mining a weak ago and as try to stabelize the coin i bought some power myself but just releasing 10Gh/s over a long time span to make this less profitable.. We only need 3 MH/s sec constant and healthy splittet between many users and it will not be profitable. The 2nd thing is dont push the price so high! it must be kind of low and not rentable for such things... and u may delte the high diff port on the pool page but it ist still there you can easy guess the port at 6666
Coin is not broken and the price based on the current mining difficulty is just right. The thing is that sudden hash flashes from nicehash increased the difficulty so high that the coin cannot be mined with the current "real", "organic" (call it as you like) mining hash power. Three options, we either wait for the difficulty to low by itself so blockchain gets moving again until a nicehasher shows up to and it rises again (this will eventually kill the coin as noone is going to invest in it), we either keep the blockchain moving by devs buying their own hashpower for suddent bursts (which leads nowhere) or there is the option to fork the chain and make the difficulty rising smoothly when flash hashing occurs. In my opinion forking is the only solution and the sooner it is done the better as the coin circulation is still low and there is only one exchange involved. Okay lets wait what the deffs choose... but smoothly rising ist the wrong way it must adopt fast, i like soloming and would like that this is possible the first weaks. On solution would be hashing power by deffs but then they have to kind of release there 8 millionen coins (or a part of them) in the first year and adopt there hashing power to mine this amount |
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Hm.. so they broke the coin? because my elektrizitie is expensive as fuack in my country i stopt mining a weak ago and as try to stabelize the coin i bought some power myself but just releasing 10kh/s over a long time span to make this less profitable.. We only need 3 MH/s sec constant and healthy splittet between many users and it will not be profitable. The 2nd thing is dont push the price so high! it must be kind of low and not rentable for such things... and u may delte the high diff port on the pool page but it ist still there you can easy guess the port at 6666
I dont know nothing about the code behind the diffculty but if its just a Value caculatet at the last 720 blocks we have just to push through it the next days...Than it will drope very low and kind of oscilate around the appropiate value.. and if the pool guys blocks the ports <=25000 diff , it becomes much more complicatet for them maybe setting up an pool is to much for them
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Oh and the diffi cant adjust downwards when no blocks are found  right now its like 1 every 2 hours imagine how long it take to be there where it should be |
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He do not get one block every 2 minutes, he gets much more and the rest gets like nothing, because we have do deal with the high difficulty and he joins as soon as the diff gets lower. A quick fix would be du adjust the diffculty much fast every 30 blocks would destroy his profit
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