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1  Alternate cryptocurrencies / Service Discussion (Altcoins) / ALERT - scam !!!!!!! on: June 09, 2017, 01:17:20 PM
Alert - scam!!!!. For about a year or so have kept 1 xmr on Android wallet. I can not take it out. I have to assume they have spent the customers coins. Just another group of thief's is exposed when price goes up. History repeats itself. Stay away from freewallet you will get your coins stolen
2  Alternate cryptocurrencies / Mining (Altcoins) / Genesis mining hasn't paid for 2 days on: May 13, 2017, 04:23:05 PM
Has the scam imploded?
3  Alternate cryptocurrencies / Pools (Altcoins) / The theft at flypool continues on: April 11, 2017, 03:40:38 AM
at flypool you don't get paid for the blocks you mine. Instead you get paid for the blocks that mature while you are mining. Some people has also figured this out and raid the pool to collect on those blocks. I'm still surprised why people still mine there. Look at the image and see the jump on hashrate as the pool is paying on a lucky hour they found 23 blocks
4  Economy / Service Discussion / CEX charging for shares mined at home on: April 30, 2014, 01:48:52 AM
this is an alert to the community. If you are mining from home at CEX and also have cloud GHs you'll be charged a maintenance fee for all the shares mines, regardless if you mined them at home or not. Check your account and do the math
5  Alternate cryptocurrencies / Altcoin Discussion / how to destroy the coin switching pools before they destroy the ALT coins on: December 27, 2013, 10:07:15 PM
Although at the surface it seems a good idea - easy bitcoins with little effort - these pools are destroying the ALT coins and something has to be done to counteract them. What I'm proposing to the developers is already being implemented in SXC and wil be available in the next client release.

These are the issues to counteract:

  • when a raid starts the difficulty goes up so much that when they leave regular miners are left to hold the bag
  • These pool do an immediate sell, depressing the trade value of a coin, bought by speculators that will sell later to those interested in the survivability of the coin

This is what I propose, but it could be just one of several possible implementations:

  • when a hash rate increase of 50% or more from one block to the next, adjust the difficulty right away
  • when a hash rate increase of 75% or more from two blocks, adjust the difficulty right away
  • when a hash rate increase of 90% or more from three blocks, adjust the difficulty right away
  • when a hash rate increase of 100% or more from four blocks, adjust the difficulty right away

these adjustments would not take into consideration any max adjustments a coin may have. It would also protect against slow hash rate increases in the pool algorithm. To re-establish the correct hash rate readjust the difficulty in a similar faction as the pools depart.

It's open for debate
6  Alternate cryptocurrencies / Altcoin Discussion / its xmas, 20 SXC coins to the first 50 on: December 19, 2013, 02:36:56 AM
just put your address
7  Economy / Computer hardware / beware, scammers hard at work on craigslist on: November 30, 2013, 07:12:06 PM
was looking for hardware on craigslist and run into these 2 characters under selling their miners. I knew it when I contacted them, but just wanted to have some fun. In a word, beware and never send any BTC before you have any equipment on hand

this was was 550G for $4k (sells on ebay for $20k)

this one selling by the gig at $9. An erupter that is selling on ebay for $40+ he wanted $3. mmmmmmmm let me guess, scammer lol
8  Economy / Service Discussion / has stopped sending out payments on: November 08, 2013, 04:38:55 PM
this is to alert everyone that is still using them to earn free bitcoins that they have stopped sending out payments So stop wasting your time there, they have turned into a scam like cointube and others. I understand they are payed in fiat that may not be enough to cover the payment in BTC, so they better shut down instead of pocketing the advertisement commissions, that makes a scam
9  Bitcoin / Mining speculation / is the network hash dropping? on: November 05, 2013, 06:54:36 PM
after hitting ~4500TH is now at ~3250TH, according to the graph on link. This is a major drop. Are the T machines failing or what is going on? There's always a drop prior to a diff adjustment but this seems to be a bit over expectations. Just wondering
10  Alternate cryptocurrencies / Altcoin Discussion / the ALT coins effect on BTC price and availability on: May 26, 2013, 09:33:20 PM
We've seen a rush of new alt coins in the past weeks. As we all know it's like money being made out of thin air. Once they hit an exchange early miners and insiders rush to cash in into BTC. Perhaps half of those BTC are sold and the other half is kept in the miner wallets. What effect does it have on the BTC USD price, if any? I would expect a high percentage of newly minted BTC never make it to the USD market, contributing to the rise of BTC/USD.

Any opinions?
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