ANN - LEOcoin - Official announcement regarding LEOcoin from LEOcoin Foundation

[MikroTik]

Maybe someone is keeping the price on fix level.

[1713571251]

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[1713571251]

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[1713571251]

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[LEOcoin Foundation]

Maybe someone is keeping the price on fix level.

I very much doubt that, it is just that at these prices the dumping from the botnet miners is not large enough to let the price fall.

The LEOcoin Foundation does not know how many LEOcoins have been dumped by botnet miners, other miners or LEO members, but when this 'supply' is over and demand stays the same - after all the dumped coins are still being bought - the price will probably go up and stabilize at some point.

Before the LEOxChange or other exchanges that trade with LEOcoin were opened, the only places to buy and sell LEOcoins were on the open unofficial market (open to everyone) and in the internal back-office (only open to members involved with LEO Ltd.). With both of these trading options you had to pay much higher prices for LEOcoin. So seen, the one GBP opening price of the LEOxChange back in April 2015 must be regarded as a reasonable bottom. We know from many LEOcoin owners, that much higher prices have been paid (ranging from 1-5 GBP). In this regard, it is not to be expected that the majority of them will suddenly start to sell once the price goes up a little. Perhaps in ranges from 1,50-2,50GBP there will be some profit taking, but for those who are not familiar with LEO and its compensation plan; most of the persons that own a good bunch of LEOcoins, do not really need the cash and will likely wait for double digits.

Unfortunately, LEOcoin Foundation does not have access to the data and turnover on the exchanges - other than what is displayed at their websites - but we have reason to believe that most of the people involved with LEOcoin are in for the long term. My personal blockchain analysis only confirmed that.

We will have to see if a sole POS mechanism is the proper choice, but when LEOcoin actually will be in the top 3-5 of the CC world - and for that it would need prices ranging from 0,26£ to 1,70£ - the question is if many people do actually care about that. After all, with fiat currency also hardly anyone cares if her Euros are minted by the French central bank or digitally created by a private bank in Austria.

[Cryptotraider16]

Maybe someone is keeping the price on fix level.

I very much doubt that, it is just that at these prices the dumping from the botnet miners is not large enough to let the price fall.

The LEOcoin Foundation does not know how many LEOcoins have been dumped by botnet miners, other miners or LEO members, but when this 'supply' is over and demand stays the same - after all the dumped coins are still being bought - the price will probably go up and stabilize at some point.

Before the LEOxChange or other exchanges that trade with LEOcoin were opened, the only places to buy and sell LEOcoins were on the open unofficial market (open to everyone) and in the internal back-office (only open to members involved with LEO Ltd.). With both of these trading options you had to pay much higher prices for LEOcoin. So seen, the one GBP opening price of the LEOxChange back in April 2015 must be regarded as a reasonable bottom. We know from many LEOcoin owners, that much higher prices have been paid (ranging from 1-5 GBP). In this regard, it is not to be expected that the majority of them will suddenly start to sell once the price goes up a little. Perhaps in ranges from 1,50-2,50GBP there will be some profit taking, but for those who are not familiar with LEO and its compensation plan; most of the persons that own a good bunch of LEOcoins, do not really need the cash and will likely wait for double digits.

Unfortunately, LEOcoin Foundation does not have access to the data and turnover on the exchanges - other than what is displayed at their websites - but we have reason to believe that most of the people involved with LEOcoin are in for the long term. My personal blockchain analysis only confirmed that.

We will have to see if a sole POS mechanism is the proper choice, but when LEOcoin actually will be in the top 3-5 of the CC world - and for that it would need prices ranging from 0,26£ to 1,70£ - the question is if many people do actually care about that. After all, with fiat currency also hardly anyone cares if her Euros are minted by the French central bank or digitally created by a private bank in Austria.

Big true!
I will not sale at all before 5-10£!
But i am sure there will be a lot peoples who will sale at 0.5-1£ first and later buy again when leocoin become top 3 cryptocurrency in the world!
I really hope LEO or you leocoin foundation will fix problem with coinmarketcap so leocoin will show up on main site of cmc finally!

[Beave162]

Maybe someone is keeping the price on fix level.

I very much doubt that, it is just that at these prices the dumping from the botnet miners is not large enough to let the price fall.

The LEOcoin Foundation does not know how many LEOcoins have been dumped by botnet miners, other miners or LEO members, but when this 'supply' is over and demand stays the same - after all the dumped coins are still being bought - the price will probably go up and stabilize at some point.

Before the LEOxChange or other exchanges that trade with LEOcoin were opened, the only places to buy and sell LEOcoins were on the open unofficial market (open to everyone) and in the internal back-office (only open to members involved with LEO Ltd.). With both of these trading options you had to pay much higher prices for LEOcoin. So seen, the one GBP opening price of the LEOxChange back in April 2015 must be regarded as a reasonable bottom. We know from many LEOcoin owners, that much higher prices have been paid (ranging from 1-5 GBP). In this regard, it is not to be expected that the majority of them will suddenly start to sell once the price goes up a little. Perhaps in ranges from 1,50-2,50GBP there will be some profit taking, but for those who are not familiar with LEO and its compensation plan; most of the persons that own a good bunch of LEOcoins, do not really need the cash and will likely wait for double digits.

Unfortunately, LEOcoin Foundation does not have access to the data and turnover on the exchanges - other than what is displayed at their websites - but we have reason to believe that most of the people involved with LEOcoin are in for the long term. My personal blockchain analysis only confirmed that.

We will have to see if a sole POS mechanism is the proper choice, but when LEOcoin actually will be in the top 3-5 of the CC world - and for that it would need prices ranging from 0,26£ to 1,70£ - the question is if many people do actually care about that. After all, with fiat currency also hardly anyone cares if her Euros are minted by the French central bank or digitally created by a private bank in Austria.

I don't see how you think going sole PoS is a winning strategy. Did you not read my breakdown and feedback?

[LEOcoin Foundation]

I don't see how you think going sole PoS is a winning strategy. Did you not read my breakdown and feedback?

@Beave162

Yes, I have read your opinion, but I explicitly stated in every post, that I would refrain from comment (on presentations from third parties).

If POS will be implemented by the LEOcoin developers, or not, is not at the disposal of the LEOcoin Foundation. However, personally being a cryptominer, I for sure am familiar with the advantages of returning to POW on N-factor 12-14, as this would definitely bring our mining operations a better yield as today. But even in this case, the botnet could still grow very large and with a fixed N-factor also other issues, e.g. like 'end of ASIC-free zone’, may arise.

How do you see this?

[Beave162]

@Beave162

Yes, I have read your opinion, but I explicitly stated in every post, that I would refrain from comment (on presentations from third parties).

If POS will be implemented by the LEOcoin developers, or not, is not at the disposal of the LEOcoin Foundation. However, personally being a cryptominer, I for sure am familiar with the advantages of returning to POW on N-factor 12-14, as this would definitely bring our mining operations a better yield as today. But even in this case, the botnet could still grow very large and with a fixed N-factor also other issues, e.g. like 'end of ASIC-free zone’, may arise.

How do you see this?

The advantage of GPUs over CPUs is so immensely great at NF of 14, or even 15, that botnets would not be a concern at all I promise. Besides, YAC isn't going to manipulate their NFactor (which goes up to NF18 in June!), so the botnets could move on to other coins instead of trying to scrape what little LeoCoins they can from GPU domination.

The biggest issue people should have with ASICs is how dirty, corrupt those companies have been. Otherwise, it is a sign of success. If LeoCoin reaches a marketcap in the billions, then ASICs would be a concern. I think it would be a good problem to have don't you?

Regardless, the idea of going full PoS is a flawed one. We have many examples of that being done in the past. If you can give me an actual success story, I'm all ears!

[wildduck]

I don`t no about you all but looking today better was when nfactor was lower and everybody was mining and the price was very nice.

[LEOcoin Foundation]

Another question ... Mining speed ...

As some of us are still mining LEOcoin, I would be curious to see what Hashrate you currently get on your best GPU. Mine is about 700 Hashes on a Radeon R290X.

What do you get?

[Beave162]

Another question ... Mining speed ...

As some of us are still mining LEOcoin, I would be curious to see what Hashrate you currently get on your best GPU. Mine is about 700 Hashes on a Radeon R290X.

What do you get?

The R7 240 4GB achieves ~360 hash/s. I believe the 750ti is similar.

[LEOcoin Foundation]

Another question ... Mining speed ...

As some of us are still mining LEOcoin, I would be curious to see what Hashrate you currently get on your best GPU. Mine is about 700 Hashes on a Radeon R290X.

What do you get?

The R7 240 4GB achieves ~360 khash/s. I believe the 750ti is similar.

I guess the R7 240 4GB is the GPU with the best ROI at the moment.

[Beave162]

Another question ... Mining speed ...

As some of us are still mining LEOcoin, I would be curious to see what Hashrate you currently get on your best GPU. Mine is about 700 Hashes on a Radeon R290X.

What do you get?

The R7 240 4GB achieves ~360 hash/s. I believe the 750ti is similar.

I guess the R7 240 4GB is the GPU with the best ROI at the moment.

I corrected it to *hash/s*

It depends on the power usage. I can run a 6-card rig at around 190 watts.

I understand the 750ti can now get 500 hash/s per card at NF16.

[kiffner]

I can get 400 from 240 4GB and even more with good risers  and proper overclocking, power 30-35W

[Cryptotraider16]

There is new wallet on official website.
1.50 vesion. Instaled and tested.
Dont see any improvement at all.
Works still slow as old one 1.30.

Thanks for info

[Cryptotraider16]

No news here in 2016

http://www.leocoin.org/News.aspx

[Cryptotraider16]

Leocoin foundation you got any updates? Video or interview?

[LEOcoin Foundation]

Leocoin foundation you got any updates? Video or interview?

We are working on the interview with LEOcoin Founder Dan Anderson. Due to the LEOcrowd project, we had to adapt and update large parts of the last interview. I expect to be able to start sharing parts of the interview somewhere next week.

[Cryptotraider16]

Leocoin foundation you got any updates? Video or interview?

We are working on the interview with LEOcoin Founder Dan Anderson. Due to the LEOcrowd project, we had to adapt and update large parts of the last interview. I expect to be able to start sharing parts of the interview somewhere next week.

Great! Hope Dan will tell something interested! 👍🏼

[kiffner]

why don't they add to the dropdown menu unlock for staking like most pos wallets have?

[Cryptotraider16]

Leocoin foundation we didnt hear Dan Anderrsen from Bali! Is he ok?!
Nothing new jet! No video no interviev! Nothing new in media!
Updates are welcome!

[LEOcoin Foundation]

Leocoin foundation we didnt hear Dan Anderrsen from Bali! Is he ok?!
Nothing new jet! No video no interviev! Nothing new in media!
Updates are welcome!

Yes, Dan Anderson is fine. Most attention has been focussed on the new LEOcrowd project from LEO Ltd. and other parts of the X2 project. (Which are not the topic in this LEOcoin thread.)

We are currently working on the interview. For the LEOcoin Foundation it will be important what role LEOcoin will play in these plans and how the POS will influence earlier projects. But, in advance, I can tell you, that we will ask some bold questions and get honest answers.

Regarding the wallet; LEOcoin developers work on that. I have no other updates than those from the presentation info that I shared last week.