I predicted that before ASICs came out.

https://bitcointalk.org/index.php?topic=644595

Now at $7. DUMP WHILE YOU STILL CAN..

Kergekoin will be missing from this thread at $5 and from the forum at $3, and from the crypto business at $0.1.

And there's hardly any sell wall right now which means the miners are NOT dumping (which, considering the above text maybe bad and good news cause they're planning to dump at higher prices, preventing a price rise).

The cheap buy orders in the exchanges (LTC, DOGE market) are not getting fulfilled which suggests the same (miners not selling it cheap).

You cannot take a crypto down by dumping it in the exchange in the initial phase.

Suppose coin X has 10 Million coins currently mined, and everyone dumps it at 1 satoshi. At 1 SAT, the market cap of X will be 0.1 BTC which mean it'll be no where close to success. For it to reach success, it needs to reach a position of 50, which means ~470 BTC networth. 0.1 BTC is a negligible amount as compared to 470 BTC, and for these dumpers, the coin will be worth 469.9 BTC worth instead of 470 which is no difference. So it really doesn't matter if everyone dumps the coin -- it hardly makes any difference in the economics only if there's interest in the coin by the investors. Then everyone wont dump the coin, only a small % will be dumped which's hardly any amount.

KWG is characterized by smooth difficulty increase on rapid increase in network hashrate, which helps intaminers as compared to sudden difficulty retargets of a simple algo.

Cause the difficulty increase slowly, the intaminer will take advantage by quickly generating blocks and stop mining once the difficulty is high enough.

But when the instaminer is gone, the high difficulty is left for regular miners to take care off, and the block chain speed slows to a crawl. What makes matters worst is that the difficulty goes down slowly over time instead of suddenly going down like we have with regular algorithms. It takes the same amount of time to recover from the high difficulty set by the instaminer.

So as compared to simple algorithms which re-target every block, KGW has a disadvantage -- the regular algo will increase the difficulty suddenly preventing an instamine, KGW does it slowly helping in the instamine.

KGW has only one minor advantage -- it'll prevent the blockchain from halting for a longer period of time, but will not prevent the instamine.

Digishield is worst -- it helps the instaminer further by slowly increasing the difficulty, while the difficulty goes up, the total no. of blocks mined is over the target. But Digishield brings the difficulty down aggressively which again means more blocks mined per unit time as compared to the target block interval. So basically that means in these situations the target block interval will be horribly off target and there will be over inflation.

Suppose, all of 15,852,081 coins have been minted. After that if I mine blocks, will I still get 2 QB block reward?

You're talking to a dead dev.


I really wish he'll respond. He needs to be more active for the coin to be even a little bit success.

It'll be missing in a year or 2. So will be you.

Bitcoin down 0.42%, LTC down 9.11%

This's how coins die.

BTC 5.4% up, LTC 0.3% up.

Nice progress to $50.

A new dead coin in the making with great community support (oh, you know PoS, all miners support it but no investors are interested).

2 QB after 15,852,081 coins?

Howto kill this coin for good --

https://bitcointalk.org/index.php?topic=604716

When will this move off scrypt?

Thanks for verifying that.

Actually I was more concerned about the seek times. Suppose the input refers to an old transaction that has to be searched in the block chain, which should take quiet a lot of CPU and more importantly disk i/o.

Just one more question -- how much computation power is required to verify transactions?

And more importantly -- doesn't this need a lot of disk i/o?

What I didn't know was that the miners do the verification of the transactions -- that was the missing link. Thanks!

If I send Bitcoins to an address which's offline what will happen?

As per my understanding, sending Bitcoins to an offline or non-existing address will not eat up my balance cause the receiving address needs to be broadcasted by the receiver and that broadcast needs to be recorded in the block chain, since the receiver is offline, this broadcast wont happen.

So if I rescan my wallet, I should get my Bitcoins back.

De-listed from europex exchange.

Learn about PoS

https://bitcointalk.org/index.php?topic=604716

Just dig the thread, there're many more ways!