This coin is worthless without basic infrastructure, doesn't even have block explorer(?). I will buy some of them when there is a proof of development around, but for now I am glad I sold mine at 0.001 .

I guess this topic foreseen the events that are occuring now. Interesting how the problem was around for so long, quietly lurking, only to turn into catastrophy in a matter of days...

Buying for 0.001 a piece.

This coin is purely stupid. Teenagers having fun and getting rich. Keep it up!

Just a thought from my behalf:

This coin should probably relaunch in a more favorable conditions. Currently, we almost have no updates, and the price is dumped so low it is risky to involve too much of a free time to get a better insight in how this algorithm works and in what way we could improve it for the community.

Another thing I didn't like about this coin was the dedicated miner which appeared along with the wallet, without any clear documentation or at least performance comparison. With ambitiously long block time, this leads to a lot of miners giving up as they are finding no blocks at all and again have no chance or time to analyze the coding provided.

The market of RIE clearly shows the biggest miners are getting a lot of this coin and at almost no cost, which is a clear indication of botnets riding on the wave of initial hype coming with this new POW.

The concept of the coin definitely is promising and I appreciate some of you are trying to build a community, but maybe we should think of relaunching the coin. If we are aiming at the increasingly high results, this algorithm might be changed to have ever increasing block time to some soft limit (say 10 minutes). That might enable finding relatively fast blocks at the beginning, attracting more interested miners, and as the time passes, aiming for the real records.

Yours, CB

Botnets will stay with this coin, at the same time, community currently doesn't seem too interested. I will try to buy some, but with current status a price above 0.001 is a bit too much, especially for those botnet owners (which clearly are present since they dumped to 0.0004 yesterday).

Try sending to Karpeles' personal address, that's how Chinese solved it with huobi. Just a thought though, you may wait out till gox dies and than attempt to withdraw through his personal wallet (maybe even attempt multiple withdrawals).

Quick estimation per 1000 $ USD:

Buy in at price ~50$ (in a few days) -> 20 BTC
At least three fake withdrawals succeed (4 altogether) -> 80 BTC

Sell at rebound on stamp (850 $) -> 68000 $

That is one thing with current setup and minerd miner. You can't really tell.

I hope you guys mining with VPS and whatnot don't lose your shirt on expenses...

Barely got somewhat above 20 blocks, but now nothing for hours with ~2000 (albeit a bit smaller) cores. This coin wont get evenly distributed, but might still have a future due to its nature...

But certainly this is not a community coin like DOGE or WDC and to some degree even XPM.

Anyway it is much better than that ploy of MAX Keiser...

Even the pools wont solve the uneven distribution. BTW - is XPM difficulty dropping since this launch, anyone checked?

I don't think pool is going to help miners bellow 100 and soon 1000 cores. Also, we need to establish whether there are people gpu mining, because that might render anything else useless.

Yup, I would also like to know. Was it using large instance VPS or just "something else" (GPU/botnet)?

If OP could provide some backing, it might positively influence the price (at least we know what kind of equipment is winning the most of RIE).

sold

Probably more accurate for both us... Besides you seem like you are not particularly a millionaire so stop pretending to be one...

Sell for 1 BTC.

You, my friend, are providing a shameful display here. Screaming about viruses you appear more like some kind of crack addict desperate to get some of it "spoils" via SilkRoadv11.0.

If you really were skilled you would just hire an instance and let it mine. But the times of unlimited profits are now long gone. Crypto is dying on short/mid term, mostly also due to VPS and other mining services leaking too much fiat out of the system.

Will try to do that later if it is not done by that time.

Patience my friend, you might get to find some in next week or so, perhaps...

Pretty nice record. A friend of mine is mining with ~5000 cores and only got like 20 blocks, albeit he is mining from the onset of blocks with finite reward.


Cheers!



Edit: So far general consensus might be you need ~ 200 - 600 cores to find a block per 12h! WOW! I remember mining with laptop when XPM was released and still getting a block.