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14201  Economy / Service Discussion / Re: Time to boycott coinmarketcap.com on: January 27, 2014, 08:01:19 AM
47 wallets hold 30% of all BTC ~ 50% of all BTC, so most likely 10 till 15 people.

See:
https://bitcointalk.org/index.php?topic=316297.0
http://bitcoinrichlist.com/top100


FTFY

Also , it's Percent of all bitcoins:   21.42% for the top 100.
So how about you get your facts right before sprouting non-sense?

You guys mean wallets or addresses?

How many people behind this wallets?

In bitcoin, how things are going, we are getting back to bizantine generals problem, having to trust miners to dont conspire, exchanges and payment solutions to make offblockchain transactions.

Ripple (or any fork) will clear transactions irreversably in seconds, and if you use XRP (the native ripple currency) you are using hard money, no trust needed.

IMO, its unfair to exclude ripple from any market cap for cryptos. Its a silly way to try to promote hoarded coins.

And in Ripple case you have to go back to... modern days lols , having to trust a company not to crew your life forever.
14202  Economy / Speculation / Re: The age of KARHU begins....seek ye refuge in alms to the KARHU! on: January 25, 2014, 03:29:13 PM
I don't get this thread. Is this suppose to be funny?

Possibly...
But it ended as one of the most lame threads ever
14203  Economy / Service Discussion / Re: Time to boycott coinmarketcap.com on: January 25, 2014, 03:18:57 PM
47 wallets hold 30% of all BTC ~ 50% of all BTC, so most likely 10 till 15 people.

See:
https://bitcointalk.org/index.php?topic=316297.0
http://bitcoinrichlist.com/top100


FTFY

Also , it's Percent of all bitcoins:   21.42% for the top 100.
So how about you get your facts right before sprouting non-sense?
14204  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: January 25, 2014, 03:16:17 PM
why is quark dropping again?Huh

I think quark needs more publicity cause it feels like it lives in the shadow of the new and big coins.  Embarrassed

I can take a guess and it is bothersome. I am running an AMD FX8350 processor. Not running it real hot yet, maybe at 500khs, as I'm waiting for the CPU cooler to come. (Then it will be at 800)
Anyway, I'm generating about 1 QRK a day, which is around 3 bucks a month in USD and the electricity to generate those coins, here in Germany, is probably 5-10 EUROS. Just an estimate.
I think that is a problem in a few ways:
1 - Those with a free CPU to mine coins might choose one with a better return.
2 - It is expensive no matter how you look at it.

If my math is off correct me. I'm long Quark and a Quark holder but we need a higher price to keep the miners going, at least in some locals.

IAS

It took you a while , but you finally figured out what I was telling people 20 pages ago..
With such a small reward per block nobody will mine this coin after the next two reward drops (to 1).
Only the botnets.

Well, it is not exactly a criticism though. The price is just too low (unfortunately). It is in a precarious place for sure.
But, if the price doubles from here, roughly .20 QRK, then we are ok again.
Hopefully these Cryptos start another move.

But regarding your point - "With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). "
We will see. I still think the network will be supported, but the mining model at this price point doesn't work, for sure.
Not a long term model but I will hang out and see what happens and support the network with 500kh/s.

And remember, there will still be around 1,000,000 coins a year mined - so that should EASILY support the network (profit there).
One more interesting thing - Mining is a hobby of sorts and done for more than money. Look at BTC, except for the first miners,
buying BTC is ALWAYS better than mining it. I see that as being the same with other Cryptos most of the time.

IAS

At current price that's 78 000$.
Hmm , even running a pool with 1% fee  that's 780$/year and 65$ month and isn't quite attractive.
So , how many computers can you power 24/7/ with 78 000 /year?
Do the math , but the answer... you might be better not finding out.

Quark will have enough support to be mined without miners thinking about profit for a while. We proposed a wallet that would automatically mine using a small percentage of your CPU so everyone with a wallet would be contributing to mining and thus confirmations.

To use a small percentage of the cpu you still need the computer to run (24/7)...and power consumption comes not only from the cpu.
An ATI 3850 consumes more power when idle than a core2duo.
14205  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: January 25, 2014, 03:00:43 PM
why is quark dropping again?Huh

I think quark needs more publicity cause it feels like it lives in the shadow of the new and big coins.  Embarrassed

I can take a guess and it is bothersome. I am running an AMD FX8350 processor. Not running it real hot yet, maybe at 500khs, as I'm waiting for the CPU cooler to come. (Then it will be at 800)
Anyway, I'm generating about 1 QRK a day, which is around 3 bucks a month in USD and the electricity to generate those coins, here in Germany, is probably 5-10 EUROS. Just an estimate.
I think that is a problem in a few ways:
1 - Those with a free CPU to mine coins might choose one with a better return.
2 - It is expensive no matter how you look at it.

If my math is off correct me. I'm long Quark and a Quark holder but we need a higher price to keep the miners going, at least in some locals.

IAS

It took you a while , but you finally figured out what I was telling people 20 pages ago..
With such a small reward per block nobody will mine this coin after the next two reward drops (to 1).
Only the botnets.

Well, it is not exactly a criticism though. The price is just too low (unfortunately). It is in a precarious place for sure.
But, if the price doubles from here, roughly .20 QRK, then we are ok again.
Hopefully these Cryptos start another move.

But regarding your point - "With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). "
We will see. I still think the network will be supported, but the mining model at this price point doesn't work, for sure.
Not a long term model but I will hang out and see what happens and support the network with 500kh/s.

And remember, there will still be around 1,000,000 coins a year mined - so that should EASILY support the network (profit there).
One more interesting thing - Mining is a hobby of sorts and done for more than money. Look at BTC, except for the first miners,
buying BTC is ALWAYS better than mining it. I see that as being the same with other Cryptos most of the time.

IAS

At current price that's 78 000$.
Hmm , even running a pool with 1% fee  that's 780$/year and 65$ month and isn't quite attractive.
So , how many computers can you power 24/7/ with 78 000 /year?
Do the math , but the answer... you might be better not finding out.
14206  Alternate cryptocurrencies / Altcoin Discussion / Re: Doge crash soon on: January 25, 2014, 02:43:27 PM
doge beyond the moon.  Cheesy Cool

Doge into the moon; and explodes.


Let's think for a moment about the people on earth.
We can live without doge I assume , but with no moon?

I meant Doge explodes, not the moon.


<Insert quote here from doge fan claiming doge is bigger than the moon>
So , they will obliterate each other for sure Smiley.
14207  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: January 25, 2014, 01:53:31 PM
Come on guys $36 MILLION ?
Why do you presume that 30000 BTC will be invested?

they are asking for $36million

Isn't 30000 BTC just the maximum amount that can be invested?

So if somebody comes and asks if he can invest 100 000 BTC , will they refuse the offer? =)))
14208  Alternate cryptocurrencies / Altcoin Discussion / Re: DogeCoin already bigger than Litecoin on: January 25, 2014, 01:45:46 PM
I agree with the two posters above ^^

Namecoin is a dying brand. Its just been dropping these last few days. I can think of many better investments.

Personally, I don't see many of these coins lasting. I don't think BTC should be #1, LTC shouldn't be #2.. Doge actually deserves its spot, although I definitely don't see it as having long term potential because its just an LTC with a meme-based culture creating a community. That said, I love Doge. Doge has brought so many to the crypto scene who will soon see the light.


In terms of how to find a coin to invest in: I say use OP's main chart as a guideline to show how quickly each community needs to grow in order to be a reasonable investment. Many of these coins cannot grow that fast, and many of these coins will grow faster.

I also like investing in terms of functionality and I feel like the mining processes for the coins creates unique traits, so I like my portfolio to be split into - ASIC mined, GPU mined, and CPU mined.

Namecoin is the only coin nobody has been able to clone successfully till now.
And it's the only coin with a second purpose.

Probably you don't have a clue what namecoin is about.
14209  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.4 Released MANDATORY UPDATE on: January 25, 2014, 01:38:28 PM
The pump is coming, not the dump.

And wtf is happening to dogehouse?
several pools where DDOS'ed tonight/day (fastpool and multipool), attack could be coming from litecoin community. but won't point any fingers :p

The last part was funny.
But seriously , usually ddos comes from others pools trying to get more users to mine with them and to eliminate competition.
Also it usually end up running away with user money Wink
How much 10gbps ddos cost nowadays?

I remember somebody offering a 48h ddos for 1 btc , but this was before the SR takedown.
If you're buying in bulk you can get a discount i assume.
14210  Alternate cryptocurrencies / Altcoin Discussion / Re: SXC Sexcoin exploding on: January 25, 2014, 01:32:52 PM

Stompix please follow Sexcoin twitter and official forums for any updates.
Im not pumping anything, this coin has been on the market for very long and will stay for many more years.

Please do your research before making such accusations, alot of developers are working very hard on coding upgrades, very little has been done on any advertising, that's why the price has gone down, a lot of miners are dumping coins for quick profit.
Yes major porn sites are starting to accept Bitcoin, so what? Sexcoin is getting accepted on many porn sites as well.

Many new upgrades is coming up.

Join the main forum and follow sexcoin on tweeter, then you might change your mind.

I asked you also before...
Name the websites or the sources.
This is a forum , we discuss things here.
This is not an announcement only thread where you post things like:
"Want more info , go to twitter".

So , sources...
In the meantime :
http://www.coindesk.com/naughty-america-bitcoin-acceptance/
14211  Other / Politics & Society / Re: Meanwhile in Ukraine... Revolution. on: January 25, 2014, 01:30:55 PM
If you watch these stories on Western mainstream media, they're very selective in the reporting.  I have to watch RT as well to get both perspectives.
+1 for RT

And further more , to get the best picture , don't trust any side more than 33%.
14212  Economy / Service Announcements / Re: Sell Your Bitcoin FAST! Automated Payments - PayPal or Bank Transfer (New!) on: January 25, 2014, 01:29:41 PM
Old account , reviving after 6 months or more just to post on this thread two times...
If this isn't fishy , then what the hell is it?
14213  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN][DRK] Darkcoin on: January 25, 2014, 01:22:50 PM
Here's my view of coin...



And i think u definetly need a motto or a quote for your coin...
like Lottocoin's - A coin that games...
So...it will be easier to make a logo....

No offense , but it looks like somebody either puked or jizzed on that coin.
14214  Alternate cryptocurrencies / Altcoin Discussion / Re: Doge crash soon on: January 25, 2014, 01:21:19 PM
doge beyond the moon.  Cheesy Cool

Doge into the moon; and explodes.


Let's think for a moment about the people on earth.
We can live without doge I assume , but with no moon?


14215  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.4 Released MANDATORY UPDATE on: January 25, 2014, 01:17:44 PM
The pump is coming, not the dump.

And wtf is happening to dogehouse?
several pools where DDOS'ed tonight/day (fastpool and multipool), attack could be coming from litecoin community. but won't point any fingers :p

The last part was funny.
But seriously , usually ddos comes from others pools trying to get more users to mine with them and to eliminate competition.
Also it usually end up running away with user money Wink
14216  Alternate cryptocurrencies / Altcoin Discussion / Re: Why I stopped mining BTC and went to BET. on: January 25, 2014, 01:13:31 PM
^^^ One true fanboy here.
Posting in a dead thread four times alone in the last 10 days =))).

Are you that lonely?
14217  Alternate cryptocurrencies / Announcements (Altcoins) / Re: New CryptoCurrency PowerCoin - Backed by power on: January 25, 2014, 01:11:44 PM
So , it was a power failure?
14218  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: January 25, 2014, 01:07:34 PM
why is quark dropping again?Huh

I think quark needs more publicity cause it feels like it lives in the shadow of the new and big coins.  Embarrassed

I can take a guess and it is bothersome. I am running an AMD FX8350 processor. Not running it real hot yet, maybe at 500khs, as I'm waiting for the CPU cooler to come. (Then it will be at 800)
Anyway, I'm generating about 1 QRK a day, which is around 3 bucks a month in USD and the electricity to generate those coins, here in Germany, is probably 5-10 EUROS. Just an estimate.
I think that is a problem in a few ways:
1 - Those with a free CPU to mine coins might choose one with a better return.
2 - It is expensive no matter how you look at it.

If my math is off correct me. I'm long Quark and a Quark holder but we need a higher price to keep the miners going, at least in some locals.

IAS

It took you a while , but you finally figured out what I was telling people 20 pages ago..
With such a small reward per block nobody will mine this coin after the next two reward drops (to 1).
Only the botnets.
14219  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: January 25, 2014, 01:05:32 PM

We need to actually start using QRK as a payment system, if it's value is to rise.  That means encouraging people to use it, and also giving people reason to trust it as a currency.

Agreed! People need to head over to the Foundation and see the progress they are making on the Mobile Wallet Application.
Raising pledges and actively looking for a developer.
http://quarkfoundation.cc/forum/viewtopic.php?f=55&t=118

Like http://www.quarkpayments.com/ ?
One big fuss... wow quark payments it's cumming ....one big counter... pump the coin.. we have a quark payment solution and then ..nothing  even one month after the counter reached 0?
14220  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [QRK] Quark | Super secure hashing | CPU mining on: January 16, 2014, 04:27:04 PM
Saw this in another thread and it's very eye-opening:

http://bitinfocharts.com/top-100-richest-quarkcoin-addresses.html

Notice how fewer than 300 people control a whopping 76% of all Quarks in existence.

That is insane.

Where's this massive decentralization we were promised?


Look Litecoin at the same link:
2230 accounts -> 19M Litecoin
2230 accounts (no people)  control 77% Market

but Quark only have 6 months and 2 months with real trade and exchanges,
Litecoin at least 2 years

Quark  99% mined , Litecoin  30%.
So the top100 control 62.22% of all quarks coins , and in litecoin the top 100 control 45.76% of 30% that have been mined . that is 15% of the total numbers.
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