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1785
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: Invictus Innovations ProtoShares Cheat Sheet | CPU Mining | Unofficial
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on: November 07, 2013, 02:25:09 AM
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Its time to stop mining. This coin is not profitable to mine.
There isn't even an established market price. But we know the drill, mine the coin while people figure out it exists / how to mine it. Whatever the price is, you wont get very main coins. You'll be lucky if you can get 100 and that is around half a Bitcoin. It's profitable now but it wont be once difficulty goes up. Its time to stop mining. This coin is not profitable to mine.
How can you make that conclusion when you don't know the future value of the coin? Doesn't it largely depend on whether the coin will be truly CPU-only or not? Or are you saying you can buy the coin for less than the cost to mine it? I believe someone is already GPU mining it and planning to dump thousands of coins. I would not count on it being profitable to mine. Where are all the coins going? Seems no one has more than a few hundred. The people who get thousands will be the professional mining companies like Ciphermine. Agreed, much if nothing else than because that is how the crypto scene works these days. That being said, it is at least refreshing to see something different algo wise even if the 'cpu-only' claim stands up so long. Let's not kid ourselves, this is just another scam coin BUT might be worth a fun ride in the end |
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1797
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Economy / Trading Discussion / Re: tAPI-bot - Automated crossover trade platform for BTC-e
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on: September 27, 2013, 04:19:35 PM
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Nice piece of code BUT you really have to fetch candles via bitcoincharts api. The last 150 trades are just a too small timeframe to build MAs on. I tried several options but only loosing money due to wrong signals.
Please consider at least to download the last ~100 hours of tradedata from the bitcoincharts api and calculate hourly close prices.
Then we could use crossing averages strategies on those pseudocandles.
The program is open source. Feel free to make changes. I've long wanted to properly abstract the API portion, but haven't found the time to do so. I will add this to my possible todo list though. Nice to see you working on this again bud! |
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