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No offense to the Devs and the coin . Its is a good young team and i believe in them .They will do good with this coin
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur
Pumping? millions have been bought and sold today. It's a pump...but not an amateur. 1.5btc worth of btc spent in past 24 hours with stable price...that's a hell of an amateur.
I would definitely be very careful. Somebody is clearly trying to manipulate the price atm. Someone is mining 95% of the entire supply every day alone. It's a real shame considering the coin has a proper development team and a great community. Unfortunitely this has been a problem for almost all young cryptonote project recently.
Loving the idea of this project. Which is the pool that has the majority of this 21 mh hashrate? I'm only seeing 300kh on any of the officially listed pools.. I'm gonna second what this guy said, someone is mining the majority of coins it seems, definitely a shame...
Development looks good though. Hopefully the hashrate will stabilize and there will be a better distribution of wealth.
The pool I am using has 23MH/S of hashing. It is very profitable pool with 240 miners. if you want to see it, website is cryptoknight.cc/stellite
I think this answers the question about the mysterious 90% of network
That pool has never had 23Mh/s on it. That's the Total Network hash. The pool hash has been @ around 600kh/s.
If you check out the pool's block history and scroll down a little, it has the evidence there that the pool had been solving a block every 20-30 seconds for a very long time: http://cryptoknight.cc/stellite/#pool_blocks
Right at the time I posted earlier, the pool was at 23Mh/s, then I saw it drop to 19, 11, 9, then all the way down to 0.6 Mh/s within the hour, telling me that it is one group with a HUGE farm.
