DOGE's difficulty's above 200 ! Their's more than 20GH/s on the network oO. A 5GH/s increase in one hour.
Litecoin seems to miss ~5GH/s also at the moment, so some big farm must have switched to DOGE hopping to do a little more profit while it's > to 30 satoshi

Ok with the 30-40, except I don't think it's gonna go back up soon.

Alt crypto-currencies are doubly affected by BTC price. If BTC crashes, they indirectly crash in $ because their values are relative to it, but because people also lose confidence in cryptocurrencies in general, their exchange rate with BTC is also greatly affected.
So they are penalized two times.
And make it three times for LTC depending alt coins like SXC.

At the opposite, if BTC's tendency reverses in the next weeks/months, DOGE, as any other alt coins to be fair, will double profit from it.

The only other way for it to rise, would be to have it getting a lot harder to mine : rarity increases, so does its price.
But with already 12-13 GH/s Network Hashrate make it 15-16GH/s, when Litecoin isn't even at 100 GH/s, there's not a lot of room for improvement.

You don't need a specific number, you just need luck to have your deposit processed before the coin crash to 20-40 satoshi.
Yeah, that's cryptsy (not) living up to expectation, as usual when there's a little more people on their website.

They're transforming the DOGE market in a lottery where whoever's got his deposit sooner, can dump all his coin at a much better price that what it's gonna be tomorrow.

Also, it's favoring America/Asia much more because Europeans are supposed to sleep at this time.

This is not the first coin where it's happening. Far from it.

Because there cannot be a single coin who's worth mining 10 times any other alt coins.
If it's the case, everyone will switch to DOGE mining (already happened partly seeing the network hashrate), and start to dump everything on cryptsy, lowering its value until it's not especially more profitable than say sexcoin/floricoin/grandcoin or some other usually lucrative alt currency.

That's the law of markets, it just needs time to settle down. But with crytpocurrencies, this time is often very short.

Expect DOGE to be at something like 0.0003 BTC for 1K, or 0.0000003 BTC per DOGE to be in line profitability wise with other lucrative alt currencies.

Not at the beginning of course, but in 24/48H it shouldn't be surprising.

There is some market trade history, like ... totally illogical with quantities like 1 DOGE, 1 DOGE, 6 DOGE traded... with fanciful prices.
I have to admit that the only rational explanation is that the guys at cryptsy are playing around to bait everyone in.

I do have a hard time believing it, because it's an extremely serious accusation for a market place as renowned as cryptsy.

I just hope this is not the case and just lucky noobs playing around, but...

first real buy order for 100k DOGE is at 0.00000500 BTC per DOGE, or ~3$ for 1K DOGE, which is already a lot considering there will be 100 billion DOGE in total

ok got the origin of the problem on fast-pool.com

One guy nicknamed "fatzzke" is spamming the pool with 100% invalid shares : 414,875 for the last block only (that would be ~200MH/s if it was valid shares)

Isn't there any automatic protection for those cases ?

http://fast-pool.com/ is having a very high invalid number of shares since at least one hour : ~20% with nearly 1GH/s.
Some hardware problem ?

So a temporary solution would be to avoid stratum based pool in favor of p2pools ?
Where do those coins go after a 500 error then ? who "win"/keep" them ?

Also, the fact that all the pools show in the CONTRIBUTOR HASHRATES a totally misleading and false profit (in BTC/day and/or in USD/day) is borderline a blatant lie, even if it's not the pool's owner fault.
Adding a sentence like "real profit are likely 25% to 35% of your simulated profit" would be more honest.

I'm mining on http://gdc.nordicminers.eu/ but it seems I'm getting a quarter of what I should get with 4.6MH/s

With a difficulty that varies from ~3.5k to 6.5k, I should get in 24H something like 10k to 20k GDC, but I'm only getting ~5000

Their pool page is totally misleading, showing that I should get ~20k GDC with a ~5k difficulty, when in a few hours of relative stable difficulty (4.5k to 5.5k), I got ~200GDC per hour, instead of 600 to 800.

This is not the only pool which is completely of (and it's not specific to GrandCoin), showing great profitability when in fact it's much worse than mining standard LTC.

I have the very same issue, see my post a little above in the same page. No solution AFAIK, I just stopped to mine at coinpool.de
We have to wait for Uwe501's response.

What's happening on coinpool.de ? Blocks are found, but we're not credited a single SXC since a few hours.
Is the network too laggy because of all those DDOS attack ? Because the connection to the pool is fine and running without any issue.
It's just that I'm staying at 0 SXC confirmed and 0 SXC not confirmed with more than 3MH/s :/

Current network hashrate is > 500 MH/s. So I'm betting on one or more multipool which switched to sexcoin because it is by far the most profitable coin since this morning.
1 multipool can easly do 200 to 300 MH/s, thus destroying the network for everyone else.

For cryptsy, explanation is simple : every order is put in a queue which is FIFO or rather First submitted First processed.
So if you are cryptsy server, have an insane lag, and cannot process orders as they're submitted, you can very well display much lower sell orders than buy orders.
For a buyer, submitting a higher buy order does NOT mean that you will get all the cheap sell orders. The guy who submitted a cheaper buy order before you and was also eligible to get those sell orders will get them before.

So if you want to get SXC's no matter what, you can place a buy order for a totally fancyfull amount, just to be sure that nobody will dare put more, which will secure your buy of the cheapest sell orders available in the queue when it's your turn, not knowing what they will cost, but it should be ~ current market price as seen in the trade history.

Yes, cryptsy is totally fucked, and you cannot know the sate of the market with this lag.

Should be better when all Europeans are tired of it and go to sleep at 2/3 AM


I can't get the confirmation email, so I can't confirm my account. Email address is fine and correctly entered.

Because it's MtGox and before the loop, price were going down.
The loop created panic for a few minutes, but everything's fine by now. We should have a nice rebound.
Except that the faith in MtGox is affected.

There's something very strange happening today.
FST's difficulty is constantly jumping up and down.

From the graph at miningpool.co, it seems that someone with a ~200MH/s farm is switching to Fastcoin farming until the difficulty doubles, switching probably to another low difficulty coin.
He then comes back when the difficulty halved ~2 hours later.

Because Fastcoin difficulty can change in less than 30mn if there's too much raw H/s, but then decrease only 2 hours after, every other miners have to put up whith a much higher than intended difficulty, as seen by the current 1.1mn block time instead of a normal 30s.

The guy who's doing this is abusing the power he invested in to gather for 15-25mn probably multiple coin in a 2-3 hours rotation, gaining more than he should, and making every other miners gain much less.

In this particular case, the insta-mining protection of Fastcoin is penalizing normal miners, while doing it's job to prevent the big farmer guy to get a low difficulty for too long. But this protection is only for this coin, and nobody can prevent him to change his coin target every 20mn :/

Any viable solution to this ?

Edit:
It just happened again :/
- difficulty switched to 0.52897305
- 15mn after, total hashrate jump from ~190MH/s to 410MH/s
- 15mn after, difficulty jump to 1.1156033
- hashrate drops to ~200MH/s in a few minutes
- average block time is now > 1mn for every other miners for more than 2 hours
- Yay ! T_T

It's like sabotage. Having someone coming just to profit for 15mn at the expense of every one else for 2 hours is really depressing.
Gonna switch back to LTC where nobody can affect the difficulty like that.

I do think paying 3k more $ for being a first time customer is totally OK. What is really hard to understand is paying 3k$ more AND being delivered 1 month AFTER the 1st batch, which will be hashing by then, sky-rocketing the difficulty.

We new customers are basically taking a double penalty.

If the 1st batch is delivered on march 15th, and the 2nd on April 15th (extremely optimistic previsions), with respectively a realistic difficulty of 2.3 billion and 4 billion (with the 4 to 5 PH added by knc only), we could get those numbers (counting on a 4TH Neptune instead of 3TH, not counting electricity) :
- For the first batch, with a 14BTC price (bitcoin was higher), the ROI could be reached in ~23 days for a total profit of 38 BTC over 6 months (ending in september 15th, expected difficulty of 14 billions)
- For the second batch, with a 16 BTC price (at the time of this post), the ROI could be reached in ~42 days, for a total profit of 27BTC over 6 months (ending in october 15th, expected difficulty of 15 billions)

So with realistic difficulties (more linear and less exponential as time passes), we get a 11BTC difference in profit while having it be 1 month after.
Batch 2 buyers would only get a 23BTC total profit by mid september when batch 1 buyers would have 38BTC.

To sum it up, first time customers have a 3k$ discount AND a 11K to 15K $ guaranteed added profit, at current BTC price.
So a total of 14 to 18K $ gain, but most probably much more.

Only reserving 1st batch neptunes to previous customers was an extremely nice advantage, even more than simply halving the price by 2 while proposing the neptunes to all customers at the same time.
But not only did they have the exclusivity of the 1st batch, they also had a 25% discount.

I think knc should not even have cared about non-previous customers at this point. They probably still would have sell all their Neptunes. I'm pretty sure about it.
Doing such a present too their previous customers is considering them like real investors, not only customers.

Well then you can feed on your investors money again, I will not participate in this game when there is so much uncertainty concerning the final real delivery date, and knc's competitor's deliveries.

Too bad that you have to wait more than 2 weeks to get some bitcoins nowadays, I would have gladly buy the 1st batch Neptune via a kind other member of this forum.

CYPER is perfectly right, no realistic projection using planned shipping from the different ASIC miner company can make your neptune non profitable, even if they all deliver in time in big quantities (unlikely TBH).
On another note, LTC's Hashrate increased by 10% in less than 24H. BTC will be more profitable in a few weeks (maybe even days) It only needs a much bigger initial investment.

Don't count too much on it. Everybody is wondering the same currently, and mining LTC is a lot easier than mining BTC.
Current Hashrate is only 48GH/s, or ~65000 AMD 7970/r9 280x.

With a 48$ LTC at the time of this post, you will have a rush on AMD's graphical cards, and you potentially have a few millions already sold in the previous monthes (from 7870 to r9 290x) that just need the person to be informed.
With a difficulty retarget every 3/4 days (could be even 2), expect it to explode in the next 2/3 weeks, then stabilize again when the expected ROI for newcomers will be more than 6 monthes.
Except of course if the LTC is at 200$+, which will just mean that the difficulty plateau will be 4 times higher than now.

So the question is in fact the same one as for BTC, will you ROI your investment ? Yes if the LTC increase by at least 2 times more while difficulty do not increase by 5-10 folds, else no.
The only difference is you'll know it much sooner (< 2 monthes).

PeerCoin is often more profitable than bitcoins, except that it's daily volume is very low.
If you let a few ASIC based miners work on it for a week, you'll probably not be able to trade at an advantageous rate with bitcoins, because you'll plummet its value by flooding the market.
So no, if you have a SHA256 based ASIC miner, bitcoin is the only way to go.