By the way:

Coin LTC BTC AUR DOGE

Volume 173,948.66 26,928.57 836.91 626.14

This is still where the volume is. Enjoy it while it lasts. Before the 25th the only thing that can ruin all the fun is fear. And there are serious logistical problems with executing the planned Big Dump. It's very unlikely that it will go the way anyone thinks it will, and you don't need to commit or be a true believer to enjoy the ride.

Thank you. You do understand that, if you traded any coins, you are a speculator, right?

Really? What's the correct price? How do you know? Are you speculating? Stop pretending to have knowledge you don't have.

Noobs know what a massive increase in supply does to a price. They also know that it's three weeks away. The words "50% premined" are self explanatory, as are the words "will be given to the citizens of Iceland on March 25th". How many noobs do you think got hosed over the last couple of days when they bought in planning to trade because that's where all the volume was, only to have you and and rest of the peanut gallery panic for absolutely no fucking reason? Yes, that's right, you hosed a bunch of noobs, and now your trolling for their safety. Laughable.

Hey, tell me something about this big dump. Is the coin going to be given to people who have no interest in it, or will the people need to ask for it first?

I get it.
I'm not on cryptsy any more. That's cryptorush.in. It's new, kind of frustrating, but I like it better. They seem to be making improvements a lot faster than cryptsy ever did. I'm pretty sure it'll turn out to be lightyears better than cryptsy. They already have way more coins.

Stop bitching about people bitching about things that people are not bitching about.

I don't see a nice ass. All I see is a box consisting of text and icons... and little winkyfaces.

Whatever, man. Stop winking at me and get your whale ass in there and bring the price back up so I can sell.

If anyone wants to see what I'm talking about, sorry about the images, just go look. His entire order is still there.
https://cryptorush.in/index.php?p=trading&m=AUR&b=BTC


All the evidence indicates the opposite.

This is the kind of thing I'm talking about. Look at this guy:



The only reason the sell price is as low as it is right now is because people have been doing this all day. He put his big, ugly order in at .066 instead of .07 or so because there's another order in his way. See that order right below his, the one for a whopping .0066 BTC? I guess he thinks that little order is gonna stop him from selling at .07. At the amount he's selling, the difference between .066 and .07 is about 150 bucks. And if he didn't put the whole damn thing down in the same place, he could get a lot more than that, and in the same amount of time, perhaps even less.

What do you think most people are gonna do when they see his order, there? Do you think they're gonna buy some of it? Why would they? They know damn good and well that they won't be able to sell any of it until all of his coins are gone. The only thing anyone can do, if they want to enter the market at this point, with less than 4 BTC, is to buy lower, which means they need to put a buy order in, which is exactly what most people will do is what most people will do because they want to trade, not buy his shit coin at whatever price he happens to think he has to have it at.

So, what do you think happens next? Trading resumes at a lower price. Here's the situation a few minutes later:



Notice that his entire order is still sitting there and trading has not stopped. It hasn't even slowed down, but simply continued at a lower price.



Had he bothered to look at the situation before he posted his huge, ugly order like a clumsy, dumb fucking idiot, he would have seen that people were buying at the higher price before he blocked any further price increase with that stupid order.



11 of the previous idiot's coins had just sold at .073..., but, of course, as you would expect, most of the trading was taking place at prices below that of the big dumb, chunky sell order.

Here's the LAW:

If you post a huge sell order at the current price, the price WILL drop to less than that of your huge order.

I'm not blaming anyone. I just happen to know that people who acquire coin by mining are not vested at some particular price, and because of this will typically sell with less regard for the sale price than someone who acquired their coin by paying some amount of some other coin. This applies to all miners. People who are trading do stupid things too. They sometimes panic and dump all their coins on the market because they think it's gonna crash. Their fears are not unjustified either because coins do crash. But, with this one, we have this looming hype over March 25th that gives us all something of a buffer of comfort.

Profit Switching:

If a coin follows its block target, profit mining can't affect the price any more than any other kind of mining, because blocks are still found at the same rate. It hurts other miners because it suddenly drives up the hash rate and, in turn, the difficulty, which, if the difficulty is slow to adjust down, actually slows the rate of coin production after they've switched to another coin, leaving the remaining miners with the same hash rate they had before and a higher difficulty, which, if the difficulty is set to adjust after some number of blocks, will take a lot longer to return to the lower value than it took to raise it.

Yet, for some reason, they continue to mine it. As long as they're gonna do that, they might as well try to get as much out of it as they can. Even if one doesn't expect it to do well in the future, it's still in his best interest to sell wisely now. Dropping a bunch of coins for sale at one price decreases the price right now, and delays the sale of those same coins that he's trying to sell. As much as one might like for it to be otherwise, everyone cannot sell at the same time. It's impossible, because the buyers don't all show up at the same time. There is enough hype about this coin to keep the price high between now and March 25. After that, mayhem. But until then, keep cool, don't panic, sell like you know what you're doing.

Here's a tip for all the miners who keep dumping your shit on the market:

If you really like to sell at lower prices, keep doing that. If you prefer to sell at higher prices, then take it easy on the sell side, and spread your orders out a little bit.

It wouldn't kill you to participate in the trading a little bit, either.

Why did my Bitcoin balance just drop to zero?

Good News! I was finally able to sell (everyone jumps off the boat at the same time when this happens). It adds to the rush when there's ten times more downtime than up time; makes it extra exciting. It's been a good night for the exchange, though, hasn't it? You didn't have to suffer any of the actual losses, did you? I only lost half a bitcoin.

Aren't you gonna console me with some comforting words like "You're not the only one who suffers from the problems we cause."? That's what all the other exchanges say.

Yeah, the exchange works fine, as long as I don't buy or sell anything. As soon as I do, it goes offline for five or ten minutes. When it comes back up, I find out whether or not the order went through. Sometimes it does. Most of the time it doesn't. I'm not sure which is worse, finding out that I bought ten minutes ago and that the price has now fallen by ten percent, or finding out that the offer I thought I had taken advantage of ten minutes before was never actually available at the time because the information showing was five minutes old, and obsolete, at the time.

Personal trade history often fails to show up on the coin pair's page. It's in there, somewhere, but I have to dig it up, usually under Partial Trade History, which is  separate from Orders and Detailed Transactions for some reason I can't fathom. A list of active orders would be nice. You have a list of all orders, which includes cancelled orders. I can't imagine what anyone needs with those. Now, if I could sort and/or filter that list of all orders, then it would be useful. As it is, it takes a great deal of memory, guesswork and hunting to find all my active orders and keep track of what I paid for what.

There are plenty of other little problems, most of them negligible, but I think those are the main ones. Server and bandwidth capacity are  definitely the most important. I'm sure I don't need to tell you that orders being bottlenecked the way they are is costing you and us a great deal of money. It's as if you have ten thousand customers want to go through your doors and you're only able to accommodate a few hundred. It's a great problem for you to have, but a very bad problem to continue to have. If I were you, I'd be dumping all my resources into accommodating all the traffic and worrying about all the rest after that's done.

Alright, let me see if that last order went through. It's coming back up...  Sweet, it looks like I'm the proud owner of 10,000 new MZC. And it looks like there's someone else, here, who wanted them slightly more than I did. He only wants a thousand, though. To bad, when I clicked to buy, fifteen minutes ago, there were several other people who wanted them even more than he did. So I'll click on his order... and... It's offline again. Waiting... not yet...

nope...

still waiting...

Oh it finished loading for the second time... but... nope, "Website is offline 524..."... Try again... Oh! Here it goes! And... no go. No buyers within ten percent of me, and the spread has closed.

It sure would be nice if I didn't have to factor exchange fuck ups into my risk calculations.

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That's what I love about this crowd.

You know, this is really pissing me off. This is not an easy way to make money, at all. First we wade into it, many of us with little to no programing experience, fight through the maze of missing and misinformation, figure out how to get the miners set up, risk our hard earned money, which is which is harder to earn lately because of all the time it took to learn how to get mining efficiently, on hardware that we constantly have to add to and maintain. Then it's time to trade. Some people like to gamble. I don't. So, I pay very close attention to prices, and don't make long term predictions, which makes trading a very meticulous process. But I can reliably make gains that way, and not losses...

... as long as the FUCKING EXCHANGE DOESN'T SUCK.

Since this has to be an income for me, and not play money, I can't make big trades. I barely make 1% on each one, and cryptsy takes half of that, which is fine, as long as the exchange is there for me when I need it. That means that the information I see is in real time, not two minutes old. Thirty seconds is too long. It means that when I withdraw money, the withdraw is processed, then, not days later when the coin the shit is stuck in is selling for half as much and I've lost any gains it could have made me.

We mine all the coins. We make all the trades. We take ALL the risk, they take NONE. We do all the work, and all they have to do is keep the damn exchange working.

These problems are not just mere inconveniences. THEY COST US MONEY!

I'm sure each employee has a difficult job and works very hard. But vern... no.

High patronage is NOT a problem, for ANY business. If your site is to slow to handle the traffic that makes you your money, you need to dump that money that's flooding in on it until it can keep up. He obviously has not been doing enough of that. It's been this way too damn long.

Bter has plenty of volume in DOGE. Their trade fees are 28% less than vern's. They're rescanning the bitcoin blockchain right now, so don't expect a payout until that's done. Other than that, there's no reason for anyone to stay with cryptsy.


If too much traffic is his problem, we should help him out.

I'd like to mine this coin, but my miner can't find it. I'm not using the 127.x.x.x address, I'm using the 192.168.x.x address, which works with some coins and not with others. Any idea why that is? Is there something wrong with this configuration?


listen=1
daemon=1
server=1
rpcuser=...
rpcpassword=...
rpcallowip=192.168.0.101
rpcallowip=192.168.0.102
rpcallowip=192.168.0.103
rpcallowip=192.168.0.104
rpcallowip=192.168.0.105
rpcallowip=192.168.0.106
rpcallowip=192.168.0.107
rpcallowip=192.168.0.108
rpcallowip=192.168.0.109
rpcport=52169
p2pport=52168
rpcconnect=192.168.0.102
addnode=95.172.13.186
addnode=195.62.15.20
addnode=89.28.89.80
addnode=46.105.165.227
addnode=217.159.160.109
addnode=76.175.31.202
addnode=46.105.165.227
addnode=86.26.185.78
addnode=5.249.152.30