Network hashrate increases but difficulty does not?
Network hashrate and difficulty are the same thing. what if the hashrate is there but not used for block mining? Then it's not really "there". hypothetically It is "there" because the minners have access to it, but they decide not to use it. just like say in the California Energy Crisis. Really this is ridiculous. The hashrate comes from people mining. You can't have hashrate unless you mine. You can't have light without electricity running through the bulb and you can't have a light bulb working , consuming energy but not producing light. Lets say that the 5 largest pools decide to take turns in mining blocks, so as to keep difficulty low, thus saving energy costs, and investment costs, while the payoff are still shared among them. They could "fake" or alt-mine or not claiming the block-found, just for appearances paying the energy, but artificially keeping the difficulty low as to slow the hardware arms-race. Just a thought man, didn't say it will happen No one will try this stunt. It's like having 100 tractors and using only 2 of them because if the neighbor does the same you'll still get the same production as him ? 2% of what you should ? Keeping the difficulty low will just increase the rate of which asics are flooding the market , it will not slow down the race even with 0.00001% but the contrary. Also , it will take a lot of planning , and a lot of trust to pull this , and what are you going to do with the parties that are not in the plan? They will just mine your blocks and make profit while you are happy the difficulty is low. There is no trace of common sense in this plan.
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Big development is happening at the moment, a lot of changes coming up, anyone that has dumped this coin will be very sorry.
What did you expect that it will stay at 20 cent each? No it cant stay there, it was normal that it will settle down after 1500% increase.
It will slowly increase as the development is happening, every day this coin is mentioned on various media sites, it was on TV recently, more and more porn sites is accepting this coin.
Sources? Or it's just another pathetic try to pump the last breath out of this coin? Should I remind you how many porn sites and payment providers for adult websites have recently adopted bitcoin? About sexcoin.... nothing. Some sources to back your statement please.
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My least favorite is BTC: too inflated right now. We need to move away from the one coin standard. The more healthy coins there are, the better the entire cryptonetwork will be.
That said
I have
Megacoin RonPaulCoin DogeCoin Litecoin Bitcoin Unobtanium WorldCoin and PeertoPeerCoin
all picked as winners.
That megacoin will skyrocket. Mark my words. Kimoto invented the gravity well. Where would we be without gravity? Floating into space. Think about it.
These all have that extra something others don't ltc/btc are standards, megacoin has the meganame and megaservices coming in 2014. Dogecoin is very currency much mainstream.
Unobtanium is just the coolest name for anything ever.
RonPaulCoin has my pick for best name, best ideological coin... but... the dev is screwy, the difficulty is out of whack.
Healthy coins? Btc is too inflated? Have you ever looked at the graphs ? All the coins follow BTC , when the BTC hype was tempered in May most clone coins went to hibernation , when bitcoin resumed it's growth in December alts started popping again. Healthy? Make a list of the shops accepting alternate coins. Tell me if you reach the second page while I can finish a book doing the same for bitcoin. There are no alts , only clone coins with wet dreams supporters.
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Pure morning FUD. I thought China was buying all the coins , now the Ukrainians are taking over? Take a look at quarkcoin , they have a pool with 97% of the hashrate and nothing happens ))
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How much they will cost ?... like what?
One transaction? there will be always free transactions space in each block. I doubt they will go over 30-50 cents for so called mandatory fee ones.
Overall transactions fees per day? It will depend on how many transactions per day will be made and god knows how many of those there will be.
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Network hashrate increases but difficulty does not?
Network hashrate and difficulty are the same thing. what if the hashrate is there but not used for block mining? Then it's not really "there". hypothetically It is "there" because the minners have access to it, but they decide not to use it. just like say in the California Energy Crisis. Really this is ridiculous. The hashrate comes from people mining. You can't have hashrate unless you mine. You can't have light without electricity running through the bulb and you can't have a light bulb working , consuming energy but not producing light.
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I bet I can find at least 10 posts claiming that Gox won't make it till 2014.
Also the republic of Congo will choose FellatioCoin , get it while it's....fresh?hot?sticky?
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Only 340?I'm really amazed there are only that many. But I bet we can count 500+ crap coins by the end of January.
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So after lucky,casino,poker,game,bet coin we start with sex,milf,felatio,blow coins?
hey! I like milf coin! I respect you're choice and taste but , You realize how many porn niches there are? And how many pornstars? Enough for some 20k clone coins.
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So after lucky,casino,poker,game,bet coin we start with sex,milf,felatio,blow coins?
Also is this coin mined or.....? Never mind.
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Only 63 MH/s Network hashrate. Cheap coins Cheap coins might remain cheap for a long time , before getting ....worthless. The coin with a purpose seems a bit dead at the moment.
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Should re-launch with 1% premine devs
Devs are not interested on taking that 1% but thank you for the offer. LOL - must be 4% or more right? They say they will give it ALL away.. all 9,880,000 of em! so why mine when the giveaways are gonna be huuuuuuuge.. Can someone please post their peerinfo. I cannot get synced. I remember there were others saying they will give away most of their 100% premined coins ....what was that? Ripple...?
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Should re-launch with 1% premine devs
Devs are not interested on taking that 1% but thank you for the offer. LOL - must be 4% or more right? I'll make them an offer. Premine 99% , go ......and never come back.
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~60 coins excluding bitcoin & litecoin tried recently/used presently - 19GB of the plain 2.5" 5400RPM hard disk (to lower the power usage). All daemons of PoS coins are running 24 hours a day plus some daemons that are not transited to leveldb. When I have to reboot the box for some reason and I want to start all of them then the whole startup takes more than a hour - daemons are started one by one to avoid too much concurrent use of the disk during index loading Have you ever checked how much bandwidth those clients require /day? I was surprised when I checked Kluge's post: https://bitcointalk.org/index.php?topic=334778.0
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Free bitcoins ? NO. Free satoshis? Probaly yes.
Don't expect to earn 900$ worth of coins for free.
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I'm newbies , you do not believe that the Digibyte replace the Doge? I see they've opened many new pool and that the rate of pay is excellent. I also added as a payment method in my new site. am I doing wrong? Nothing will replace dogecoin. Dogecoin might die , there will be tons of alt coins , each biting a piece of the pie left but none will take entirely it's place. All doge has it's the meme and that can't be taken away.
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Isn't investing just an educated gamble anyway?
Investing is just a cover for gambling addicts. But it does sound a lot better indeed. Something like saying you're a vegetarian while wearing a fur coat.
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30gb
Wow , things are getting interesting. Can you come back in 20 - 30 days and post how this number has evolved? I don't think it's that hard if you consider bitcoin also. I have 25GB if I count all the wallets/coins I have - 19 total. Bitcoin is the large one - my folder is 15.5GB. Only 9.5GB with alternatives. How many of those 19 are your running simultaneously ?
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Maybe already asked or dumb question, but if there are already 247M of coins mined, what we are mining now is the yearly inflation? * Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)
Current block value is 4 QRK There are more than 247 million coins to be mined , it's 247 4xx xxx or something if i remember correctly not 247 000 000. Then inflation kicks in.
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