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1182
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Alternate cryptocurrencies / Altcoin Discussion / Re: IXcoin -- enough is enough!
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on: August 17, 2011, 08:44:34 PM
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I'm working with about 1300 MH/s and I had found 80+ blocks early on. Then, like a lot of others have reported, my entire balance was wiped and all my blocks were invalidated. So I gave up and went back to mining BTC for a while until difficulty 256. Even then I had like 90%+ stales.
Really? Well same thing happened when IOUcoin was released yesterday apparently.. And for the mentally challenged in this thread that are asking about what iXcoin is trying to do - its not trying to do anything LOL. It is however simply another currency. I was talking about the I0Coin debut. The Ixcoin debut actually worked pretty smoothly for me and I was able to mine about 50 blocks or something in the first day. And I disagree that Ixcoin or I0Coins are currency. You can't actually buy anything with them, like you can with Bitcoins. They're abstracts used by speculators to obtain more Bitcoins. |
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1184
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Alternate cryptocurrencies / Altcoin Discussion / Re: i0 Coin Exchange
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on: August 17, 2011, 08:11:56 PM
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hardly
yeah it dropped from a high of .006 or so to .0027 but that was hardly a plummet and perfectly expected and still worth more than ixcoins.
Maybe you are right, people tend to panic, especially amateur traders... But i can tell you this.. the site was being "ddos's" the second that they opened up deposits for i0coin.. especially with that 2000 confirmation limit.
Actually Ixcoins are still worth more. Last I saw, back when the exchange was still up, I0Coins were around .0023XXXX while Ixcoins are at .0015XXXX right now. So that means an I0C block is worth roughly .1104 BTC, while an IXC block is worth .1440 BTC (48 I0Coins per block vs. 96 IXCoins per block). Logically I0Coins should be twice the value of Ixcoins, and I'm sure we'll eventually reach that equilibrium somewhere down the line. Right now though, I think we're seeing (or were seeing anyway) a lot of people just trying to cash in and make a quick BTC. If anything .0023XXXX is bargain and I'm tempted to buy a few thousand once the exchange comes back up. |
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1186
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Alternate cryptocurrencies / Altcoin Discussion / Re: IXcoin -- enough is enough!
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on: August 17, 2011, 05:47:33 PM
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Obviously the same scam works only half as well the second time around. Though you must have a tiny hashrate to get only 200 I0coins in 12hours. Even at the very start when I was getting around 85% stales on a pool (was suspicious of trojans from the coind) I got 200i0Coins in about an hour at the starting difficulty. When things started to smooth out around 256 difficulty the coins really started to flow. I'm working with about 1300 MH/s and I had found 80+ blocks early on. Then, like a lot of others have reported, my entire balance was wiped and all my blocks were invalidated. So I gave up and went back to mining BTC for a while until difficulty 256. Even then I had like 90%+ stales. |
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1188
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Economy / Goods / Re: [WTS] Possibly best WoW acc on bitcoin forum,3x 85s, full epics, sc2 included!
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on: August 17, 2011, 04:55:47 PM
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85 Paladin
Full vicious for both ret/holy specs
3/5 Ruthless holy w/ some offpieces
S8 Gladiator Drake + Achieve
Sitting on 2813 rating in 3s so will get glad again this season(10)
364 ilvl pve holy
8k gold
~6k+ achievement pts~
85 Priest
Full Vicious for both Shadow/Disc specs
3/5 Ruthless
368 ilvl pve disc
2/5 t11 disc
1/5 t12 disc
4k gold
~3k achievement pts~
85 Mage
Full Vicious
3/5 Ruthless w/ some offpieces
Duelist title, 2700 3s achieve
365 ilvl pve
3/5 t11
8k gold
3 Seater Mammoth Mount
~4.5k achievement pts~
Notable alts:
-62 Dk
-56 lock
-31 & 33 hunter
You don't get out much, do you?  |
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1190
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Alternate cryptocurrencies / Altcoin Discussion / Re: IXcoin -- enough is enough!
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on: August 17, 2011, 04:48:54 PM
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The only people defending this are the people who signed up for bounties as moderators etc...
I have yet to see a 'regular' user recommend ixcoin to anyone
Everything about this reeks of a desperate attempt to pump&dump, then withdraw everything and watch the currency collapse
I'm a regular user (though I wouldn't turn down a 5K bounty to be a mod ) and I mined them and sold them on the Bitparking exchange and came away with something like 3.5x what I would have made in Bitcoins if I had been mining Bitcoins the entire time. Now I'm on to I0coin, but it doesn't look as promising. I was mining as soon as the Windows app was released but at this point I only have about 200 I0coins  |
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1199
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Alternate cryptocurrencies / Altcoin Discussion / Re: New Ixcoin fork -> I0coin
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on: August 16, 2011, 09:25:33 PM
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Uh.. WTF just happened? ALL of my blcoks just disappeared along with my entire balance.
I think what I mentioned a few posts above yours. Before your block was fully confirmed (>100-120 confirmations), an alternate block chain (probably BTCguild's own view of the winners) managed to get more confirms than the chain your block was in. And for those of you wondering why a single pool getting >50% of the network's hash rate, consider this an example of what they could do.  Yeah but this happened even on blocks that had well over 120+ confirmations. |
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