I did an experiment with adzcoin mining by purchasing hashpower from
www.nicehash.comPower, duration, and investment:
Total BTC paid : 0.03 = $12.66 US Dollar
Hashrate : 50 MH/s
Duration : 25 hours 17 minutes
Yield:
149 Adzcoin.
Market price: $0.077 per Adz
149 adzcoin x $0.077 = $11.47
So I LOST $1.19, which is about 10% loss from purchasing hashpower.
After I stopped mining, it took about 7 hours to finally have all my adzcoin confirmed, then another 7 hours to transfer it.
The network pool hash rate is absurdly low so you can't transfer your adzcoin anywhere...
I firmly believe miners make up the majority of a coin's market. You aren't focusing at all on appealing this coin to miners when it's a POW coin that needs us employees to maintain your "company" aka, block chain / coin.
This has got to be the least profitable coin to mine. It costs more electricity to mine this in most places. You can't even break even.
Jen, you're putting your coin on all these exchanges with zero market cap value:
YoBit ADZ/BTC $ 2,474 $ 0.075883 65.52 % Recently
2 Livecoin ADZ/BTC $ 1,134 $ 0.081561 30.03 % Recently
3 safecex ADZ/BTC $ 168 $ 0.069424 4.45 % Recently
4 Bittylicious ADZ/GBP $ 0 $ 0.282515 0.00 % Recently
5 alcurEX ADZ/BTC $ 0 $ 0.130694 0.00 % 3 hours ago
I don't understand that? You realize that MINERS are the people that flood exchanges with coins right? If we see it profitable enough, we'll mine it and invest. Then the word would spread like wild fire if it were reasonably profitable.
You're focusing so hard on the marketing part of it that your coin isn't gaining momentum at all with one of the largest majorities of any POW coin, the miners.
You've got some great ideas and hope they come to fruition. But for now, your coin isn't going to appeal to any miners. Do you know how frustrating it is to get confirmations with adzcoin? You hype up your coin so much like it's going to be the next ethereum. I understand that you need to be optimistic, but I find that of all coins (i follow every coin out), you hype up your coin the MOST, almost to the point where it's misleading people.
Well I'm here to firmly say that miners, stay away from this coin!