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 1 Alternate cryptocurrencies / Mining (Altcoins) / Coinwarz and Whatmine are screwed up on: October 01, 2014, 11:42:13 AM I have to laugh at the predictions these two sites make because they're inevitable WRONG just about all the timeBoth sites has serious flaws and you should be careful to NOT follow them and do your homework before coin jumping.The perfect example is Whatmine.comI plugged in 275 MH for scrypt and Whatmine.com told me that I could make \$53.05 per day mining Rubycoinwell - here the basic problem - THAT'S IMPOSSIBLE!!!and here is why - even if I found every block that Rubycoin generated in a day that's 576 blocks.Now mind you that Rubycoin has a block reward of 25 coins so that's 576 block * 25 coins = 14,400 coinsAssume BTC = \$380 USDRubycoin is selling for 722 sat so that's : .103968 btc which is: \$39.50so how can you make \$53.05 in a day from a coin that only creates \$39.50 a day - YOU FRIGGIN CAN'T! DUH!The more realistic way to calculate is simple and of course this can change in an instant because network hash changes all the time.the correct way to calculate your earnings potential in a 24 hours period for a coin is:(your hash / (Your hash + current network hash)) * (coins minted per day * current value)therefore assume the following:My hash is 275 Mh/sNetwork Hash is 400 Mh/s(275 / 275 +400) * (14400 * .00000722) = .0423573 BTC/day = \$16.09 / dayIf network has did not change and value did not change I would make \$16.09 per day mining this coin and I know this is correct.Please note: this formula as it is stated only works for coins with no POS - there is a more precise calculation I have developed to accurately predict blocks per day for coins with POS and taking difficulty levels into account.I do this exercise above at least 20 times a day when evaluating coins and I know it works because I run a pool and have to pick and choose which coins the pool will offer and I am always right.The bottom line is that these sites SUCK when it comes to predicting earning estimates which is exactly why I am developing a site and technology to accurately predict your earning potential for coins and it will be available on a subscription basis - yea Coinwarz and Whatmine are free and yea - you are certainly getting what you pay for from them : wrong information!My site will also contain programmable triggers to advise when when certain coins have reached certain network hash levels, coin values and difficulty levels. good luck people and do your homework!! - don't believe that these sites feed you because it's wrong in many many instances!I'll be offering Beta site subscriptions to early subscribers.thanks!Jeff
 2 Alternate cryptocurrencies / Mining (Altcoins) / Difficulty Question on: September 28, 2014, 12:45:41 PM I wondered if someone could answer a basic question for me..regarding difficultyI have observed some coins that introduce blocks into the block chain and advertised intervals regarding of difficulty - case in point 42 coin - a new block is generated every 42 seconds.on the other hand I see a coin like Goldcoin which advertises 120 second block times but at the current time it's only generating blocks at about 5 to 6 minute intervals - is this because of the current difficulty? and if so - how can a person calculate the number of blocks that will be introduced into the block chain based on 'current' difficulty if difficulty does indeed affect the rate at which blocks are introduced int he block chain.is there a standard mathematical formula that can be used?thanks in advance.
 3 Alternate cryptocurrencies / Altcoin Discussion / Thoughts on Price Stabilization Funds on: September 25, 2014, 09:12:57 PM A few coins have been released where a percentage of the pre-mine was reserved for a 'Price Stabilization Fund'.I have been working on the details for a new coin and I wondered about people's opinions on these type of  'Funds' as part of a new coin.My thoughts are mixed because I basically like the idea however what I think people fail to realize is that your can't BUY a Coin with the exact same coin on any of the exchanges (Unless it's Bitcoin, Litecoin or a scant few others).The Stabilization fund must actually sell some of the coins in order to acquire BTC to buy the coin back. This is great for the exchange but in reality I think it's drives the value down in order to drop it back up - thus negating the intent of the fund itself.Ideas? Thoughts? Observations?thanks in advance.Jeff
 4 Alternate cryptocurrencies / Mining (Altcoins) / Programmer Needed (php w/ Json experience) on: September 19, 2014, 12:35:17 PM I need a programmer to develop a custom app for me that will extract information from both Coinwarz and whatmine at predetermined intervals, store that data in a mysql databse, generate charts and sortable tables from the data and pinpoint certain trends that I have defined for each coin.The program will need to be able to access information from cryptsy, mintpal, bittrex and c-cex to obtain order depth and order volumes and also generate an average for the top 10 buy orders for each coin from the respective exchanges.If you are interested in working with me - please email me at lifeforcepools@gmail.com or pm me here.thanks
 5 Alternate cryptocurrencies / Mining (Altcoins) / Zencloud Lack of Transparency on: August 28, 2014, 04:05:16 PM four days ago I withdrew money from my zencloud account and transferred it to my coinbase account.the money never arrivedI opened a support ticket - four days later - no response at all from those peopleIn addition their system does not give you a transaction id - so you're screwed thus far they've screwed me out of a \$99 and I'm afraid to even attempt to withdrawl the \$40 sitting my account.I was told that GAW has teken them over and have found Gaw tech support to be excellent, but these Zencloud people are a whole nother story and it's not a good story,.
 6 Alternate cryptocurrencies / Mining (Altcoins) / Notice about Zenminer/Zenhosting - Oneminer on: August 13, 2014, 02:57:23 PM I ordered a 42 MH unit from oneminer yesterday and after getting it activated this morning I was SHOCKED to learn that you cannot choose your own coins or pools or solo mine.They have a drop down list WHERE YOU MUST mine from one of their selected pools.If you want to choose your own pools or solo mine this would not be the way to go purchase wise.
 7 Alternate cryptocurrencies / Altcoin Discussion / NOT A GIVEAWAY! - Block Bonuses at nobl.lifeforce.info on: August 07, 2014, 07:00:24 PM Noble Coin We are currently offering a 250 coin Block Finder Bonus at nobl.lifeforce.info mining poolhttp://nobl.lifeforce.infoNothing is being given away - you must mine and find a block to get the bonus
 8 Alternate cryptocurrencies / Marketplace (Altcoins) / 125,000 NOBLE COINS UP FOR GRABS!!! on: August 07, 2014, 05:56:31 PM ATTENTION NOBLECOIN MINERS125,000 NOBL WILL BE UP FOR GRABS AT http://nobl.lifeforce.info for the next 500 blocks starting at 6 PM UTC, 2 PM EST TODAYTHERE WILL BE A 250 NOBL BONUS FOR EVERY BLOCK FOUND - DON'T MISS THIS OPPORTUNITY TO GET LOTS OF EXTRA COINSNOBL IS CONSISTENTLY ONE OF THE HIGHEST PAYING MINEABLE SCRYPT COINS AND THIS IS YOUR CHANCE TO GET LOTS OF EXTRA COINSCLAIM YOUR SHARE OF 125,000 NOBL STARTING AT 6 PM UTC - 8/7/2014