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Between them two, mining and buying, mining was the more expensive one. Example: For every X amount of Bitcoin yielded, we could collect 10.000 Guldens from the market through buying them, whilst for that same amount of X Bitcoins we could collect 7.000 Guldens through mining them. Yet with the current conditions, the price of both Gulden and the Bitcoin, it is possible to acquire 9.000 Guldens from the market, whilst we could collect 8.000 Guldens through mining (these numbers are not real figures, but merely to simplify the example). So what I was referring to, that if (and only if) these line continues to shift in favor of mining being able to acquire more daily Guldens than through buying them, a bigger part of the daily yielded Bitcoins will be spend on mining. The reason behind it, is to obtain the most Guldens for the holders  I would guess the associated cost of obtaining NLG through mining has come down as the network has seen a large increase in dedicated hash rate over the past month or 2. Thus more blocks are being solved per day and a smaller percentage of newly minted Guldens going to jump/profit switching pools. I doubt those lines you mention will ever cross over as the saying goes "the universe doesn't leave free money on the table". If miners can obtain Gulden for less than what they can immediately sell it for they will point their hashes this way I'm sure.  again.. just my 2 cents. |
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What's going on with the blockchain ? It seems to be stalling and then spurting. A pattern of no blocks being found for 1/2 hour or 40 minutes, then a string of blocks all within the next couple minutes, then again no blocks for 40 minutes or so.
Welcome to the world of big hashrate jump pools that selfishly solve low difficulty blocks with a lot of hash rate in a few seconds then go away for a while until the diff drops back below their jump in threshold creating this bunching of blocks you describe. There are some visualizations of this at nlgstats.nl under charts tab |
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Best would be if you can come on slack, if not PM, I won't be able to skype until later.
gulden.slack.com? I cant get in Done that Rijk has to confirm first. guldenpay for slack not gulden? |
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nice! solved a lot of blocks last few days. hope the hashrate continues. Added your pool to front page at nlgstats.nl |
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2) Use coin control and set a fixed change address (be aware that this undermines your secrecy somewhat..) - you won't use a new address for every send transaction then.
Can this be done for all premine transactions? The "active wallet" address documented on the premine webpage is GRMkjsTanendgQCNRGTpNusH118m3TtmfL yet it's almost always balance 0 as the transaction change is going to a newly created address every transaction. Defeats the purpose of providing that address as a reference. Short answer, yes. Long answer: yes, but it makes the address more vulnerable to potential flaws like this http://www.coindesk.com/developers-find-android-flaw-that-makes-bitcoin-wallets-vulnerable-to-theft/ - unlike the android wallet I have a hard time believing that e.g. the Linux or Windows wallet would ever have a flawed RNG as the RNG for Linux has been hardened for such a long time, so personally I don't view it as an actual risk, I would use a static change address without concern - but that is just my personal view. Whether the pros outweigh the cons in the case of something like the premine is up to the people running the premine and the community as a whole to decide I guess. Thanks for the detailed response and the link. If uncomfortable using the same address maybe the premine webpage can just be updated to reflect the new active address after transactions occur and provide balances on cold storage and active addresses. And just to be clear I am not accusing any wrong doings.. |
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2) Use coin control and set a fixed change address (be aware that this undermines your secrecy somewhat..) - you won't use a new address for every send transaction then.
Can this be done for all premine transactions? The "active wallet" address documented on the premine webpage is GRMkjsTanendgQCNRGTpNusH118m3TtmfL yet it's almost always balance 0 as the transaction change is going to a newly created address every transaction. Defeats the purpose of providing that address as a reference. |
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Am I the only one getting a cloudflare SSL error at community.gulden.com? developer.gulden.com and www.gulden.com working fine. Error 526 Ray ID: 2318d36da570220a 2015-10-07 10:12:19 UTC Invalid SSL certificate No, I also get a SSL error when I visit the forum, only on mobile (Blackberry) though. The only thing I can think of when I check the source code that there're several http:// links on the page that might trigger it. I get the ssl error on android 5 (chrome), windows 7 (IE and chrome), and blackberry 10 All working again for me. Thx |
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Am I the only one getting a cloudflare SSL error at community.gulden.com? developer.gulden.com and www.gulden.com working fine. Error 526 Ray ID: 2318d36da570220a 2015-10-07 10:12:19 UTC Invalid SSL certificate No, I also get a SSL error when I visit the forum, only on mobile (Blackberry) though. The only thing I can think of when I check the source code that there're several http:// links on the page that might trigger it. I get the ssl error on android 5 (chrome), windows 7 (IE and chrome), and blackberry 10 |
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Am I the only one getting a cloudflare SSL error at community.gulden.com? developer.gulden.com and www.gulden.com working fine. Error 526 Ray ID: 2318d36da570220a 2015-10-07 10:12:19 UTC Invalid SSL certificate |
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We broke below 35 million coins on bittrex due to the ramp up of mainstream buying of coins on litebit. Positive sign for the Gulden.
The richlist is far from correct. I have over 2M more coins on bittrex as mentioned in the richlist. This was unclear to me first also, how that counting works with the deposit addresses at bittrexx. Your deposit address at bittrex is used to payout withdrawal orders from to others. So when you go to your acccount at bittrex you see the real amount of what is yours ofcourse. But in the background your address has become a withdrawal address for others and (a) new one(s) is/are created in the background for you (i think, has to be so ). Type your deposit address at bittrex in the explorer: https://explorer.guldencoin.com/#/ Good chance coins have been send from that address to people who have withdrawn from bittrex. Your real amount at bittrex is stored in (a) new address(es), has to be so, i think When you withdraw yourself, it will be paid out of deposit addresses at bittrex of others as well. So in the list the amount in the bittrex addresses are correct, i think.Very good explanation! Bittrex keeps its own off-chain ledger of who has what. |
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I get pm that top address on bittrex is going to dump coins. remove your buy orders to under 450 before it's late.
Classic |
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We broke below 35 million coins on bittrex due to the ramp up of mainstream buying of coins on litebit. Positive sign for the Gulden.
I haven't gotten around to doing a write up on the bittrex balance chart on nlgstats, just please remember this is an estimate based on blockchain analysis. Not an api call to bittrex. Only once an address is combined with a previously identified bittrex addresses as an input to a transaction, will it be included in the chart. As I said in a previous post, adding up the current 50 largest account balances provided by bittrex is probably a more accurate and reliable way to get the current number of Guldens on Bittrex. Just want to make sure anyone investing based on the chart at nlgstats understands this. Thank you. |
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Put some buy orders just above 300 , strong dump signal from traders that made a small profit on the recent rally. After that the price will go much higher. How much can I pay you to give me your price trends. You never wrong! knowledge  I never thought I would see low 300s again, will be buying more coins.  What do you think the price will be next year for a long term holder like myself? For new users to trading and investing just follow this graph, if the supply on bittrex remains above 45 million then lower 300s is a good buy in price. I wouldn't buy above 350 until that graph moves below 40 million (short term). Within the next year the price will be above 600 and whether you buy at 250 or 450 won't matter if you not a day trader. http://nlgstats.nl/charts/total_NLG_at_bittrex.htmlHi. Please understand that while I put every effort into verifying the charts at nlgstats are accurate, the "total NLG at bittrex" chart is one I cannot verify and I would discourage making investment decisions based on this chart. In the next few days I will create a write-up on the site describing how this chart is created and add a more prominent disclaimer. Another approach to estimating the NLG at bittrex would be to add up the 50 highest account balances provided in the bittrex distribution tab. |
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I am right here (Rijk). Any questions for me?
Yes, thanks. Few requests regarding the premine. 1 - keep guldencoin.com/premine more up to date. 2 - request you send the change from a premine transaction back to the 'active wallet' address or otherwise update the active address to be the correct one. 3 - implement multisig in the premine cold storage if that is a new feature of Guldencoin. The transparency and proper management/accounting of the premine is important. Not challenging your trustworthiness or dedication to this project nor mean to cast any negativity onto the project itself. In my eyes we are already one of the best coins out there in terms of premine usage and management, but we should always strive to continually improve. |
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ROI on rentals don't happen but I am doing this to see MP behavior before the switch over and what mining capabilities we need to build up for the future, there is a good chance the drop in rewards won't affect the hash rate as much as people think.
Determining factors.
1. The faster the average block times the more hash will be put against the blockchain. MPs have their own calculations built in, you can see the network hash rate has more then doubled because the blocks have been coming in faster. At one stage Hardcoreminers had 1.7 GH/s against it yesterday, when the difficulty dropped low the pool had no chance against the MPs. This leads me to believe at low difficulty we have over 10 GH/s coming onto the blockchain and then leaving.
2. Litecoin halving coming around the same time we switch over, if the value does not increase that hash will need to go somewhere else.
Other results.
Over 2GH/s dedicated will get us close to 500 blocks a day at this price/reward and over 6 GH/s on the network.
Looking forward to hearing more about what you learn. Maybe start a thread at one of the community forums for more discussion? How 24 hour or 7-day hashrate is calculated for NLG is very interesting to me.. I've avoided hosting any average hashrate or average difficulty charts at nlgstats as I'm not sure there is an accurate way of measuring those things when large jump pools are on the chain for very short durations or there are automatic drops in difficulty after long periods of time without any blocks being solved. |
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Nice! Another mining session at hardcoremining Waterloo? Looking forward to learning the profitability stats on this one! +------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+----------------------+----------------+
| NLG blocks mined per day | longest block gap | difficulty |
+---------+-------+--------------+---------------+---------------+---------------+---------------+----------------+---------------+--------------+--------------+--------------+----------------------+-------+--------+
| date | total | to GPZrJAa9n | xpool.ca | neogulden.com | infernopool | GfzEEgfvoE8s8 | hardcoreminers | hash-to-coins | CoinMine.PW | ipoMiner.com | Gazo1qWgAxtk | block (gap) | low | high |
+---------+-------+--------------+---------------+---------------+---------------+---------------+----------------+---------------+--------------+--------------+--------------+----------------------+-------+--------+
| Aug 18 | 316 | 68 (21.52%) | 2 ( 0.63%) | 8 ( 2.53%) | 3 ( 0.95%) | 48 (15.19%) | 58 (18.35%) | 5 ( 1.58%) | 22 ( 6.96%) | 15 ( 4.75%) | 75 (23.73%) | 244428 ( 56 mins) | 46 | 386 |
+---------+-------+--------------+---------------+---------------+---------------+---------------+----------------+---------------+--------------+--------------+--------------+----------------------+-------+--------+
stats last 24 hours
+---------+-------+--------------+---------------+---------------+---------------+---------------+----------------+---------------+--------------+--------------+--------------+----------------------+-------+--------+
| 24 hrs | 353 | 77 (21.81%) | 2 ( 0.57%) | 8 ( 2.27%) | 3 ( 0.85%) | 56 (15.86%) | 61 (17.28%) | 5 ( 1.42%) | 27 ( 7.65%) | 19 ( 5.38%) | 83 (23.51%) | 244428 ( 56 mins) | 46 | 386 |
+---------+-------+--------------+---------------+---------------+---------------+---------------+----------------+---------------+--------------+--------------+--------------+----------------------+-------+--------+
Rank User Name KH/s
1 Winster 1,447,986
2 Dapper2003 114,980
3 rjf19 18,008
4 anonymous 8,764
5 kabos 5,959
6 anonymous 4,395
7 azuranit 1,087
8 markanth 671
9 Pure86 479
10 ikkesnl 418
11 ErikDeHaan 320
12 anonymous 37
Interesting to watch the mining activity at http://nlgstats.nl/charts/miner_scatter_24h.html |
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I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.
very cool investigation. if you don't mind sharing, it would be interesting to know once complete: 1) btc cost of mining session 2) total NLG obtained from mining session. thanks |
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Great job on the marketing! wow! agree Guldencoin should be focused on the Dutch first. looking at the litebit json api.. https://www.litebit.eu/requests/jsonp.php?call=nlg{"market":"nlg","currency":"EUR", "supply":26572079,"buy":"0.00074710","sell":"0.00059912","volume":"170,296.33596069","last":"0.00074710"} does that mean litebit has 26 million NLG?? is that right? Only 11 million NLG for sale at bittrex.. so litebit holds that many NLG in reserve? This is litebit's payout address: https://explorer.guldencoin.com/#/address/GZxv6W747MWN2X2vBJJwDxdSd2NdFSrumuAs far as I can see they buy directly from Bittrex and don't hold any NLG. yeah.. so it's probably safe to assume that 26 million NLG supply number in the litebit api isn't real?.. 24houralttrade - in your workings with litebit can you ask about that? |
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Daily Guldencoin volume charts - T E S T I N G No historical data so we start with a clean graph. Will show public one of these days... small preview - more will follow coming dayshttp://guldencoinweb.nl/trade-volume.php-- Graph will show 24 hour volume @ bittrex, litebit and bleutrade. Every day shows volume of that day, only last (current) day show last 24 hour till 0:00 Horizontal shows date and verticle Euro. Great stuff! I've been wanting a proper metric of this for ages, can't understand why places like coinmarketcap don't show volume over time, to me volume is a million times more important than the present price. Nice work Jero! FYI - coinmarketcap does track and display hourly 24 hour volume data in USD all the way back to coin creation. http://coinmarketcap.com/currencies/guldencoin/#charts Don't know how accurate it is but better than nothing. Would be nice if coinmarketcap made that data available via some kind of xml/json interface.. or maybe it could somehow be extracted from the chart.. |
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