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Author Topic: Massive amount of mining  (Read 574 times)
High Plains Drifter
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"The fish rots from the head first"


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August 01, 2015, 12:32:27 AM
 #1

  Gentlemen,

  I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming?  Thanks!

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foodstamps
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Goal Bonanza - Football Betting Revolution


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August 01, 2015, 01:33:00 AM
 #2

  Gentlemen,

  I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming?  Thanks!


The amount of coins mined will always be the same regardless of the amount of hash that is pointed at it. This is assuming the coin is coded correctly and re-targets the difficulty as it should.


What coins are you talking about?

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americanpegasus
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August 01, 2015, 03:43:13 AM
 #3

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy 
 
 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy 
 
This is the bitcointalk version of "Which one weighs more?  A ton of feathers or a ton of bricks?"

Account is back under control of the real AmericanPegasus.
TheMage
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August 01, 2015, 04:38:03 AM
 #4

  Gentlemen,

  I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming?  Thanks!


Which coins? As indicated by the last 2 posters most likely whatever coins you are watching would have mined that amount due to how the blockchain technology and difficulty re-targeting works. Unless you are watching something really exotic.

Follow me on twitter https://twitter.com/TheRealMage for Litecoin and Litecoin Association news!
High Plains Drifter
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August 01, 2015, 07:48:48 PM
 #5

Over 1 billion LiteDoge have been mined in the last four weeks.  What do you guys think that is an indication of?

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ridery99
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August 01, 2015, 08:25:45 PM
 #6

I've been watching many bitcoins being mined recently
Cryptoipad
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www.apple.com


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August 01, 2015, 10:10:47 PM
 #7

Is this the we're on mushrooms thread?  Tongue
bit1
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August 02, 2015, 12:54:06 AM
 #8

 Gentlemen,

  I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming?  Thanks!

Pump and dumps is thing of alls days. Is normal that there is increased on activity as time passes because of several reasons like the increase of peoples interested on mining, Tons of cheap scrypt miners, Mining cloud services, Etc.... Like everything the biggest boom should be to come.

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achillez
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August 02, 2015, 07:14:21 AM
 #9

 Gentlemen,

  I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming?  Thanks!

Pump and dumps is thing of alls days. Is normal that there is increased on activity as time passes because of several reasons like the increase of peoples interested on mining, Tons of cheap scrypt miners, Mining cloud services, Etc.... Like everything the biggest boom should be to come.

What you need to watch for is the % of total possible coins mined in the first couple months. Doge (sadly) was an example of a coin that had a massive early reward for early miners. Then said miners pumped the coin to a massive extreme. Ironically these miners also trashed all prior altcoins that had a large early award.  Since dogecoin the MO for many altcoins is a massive early reward. Pump Pump, then sell. I'm really surprised this continues the way it does. It's very much like a pyramid scheme Sad
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