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Author Topic: [$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!]  (Read 837647 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (44 posts by 13 users deleted.)
MiCoSa
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May 09, 2018, 06:15:43 AM
 #12181

With the upcoming Halving 9 May, we will be mining only HALF the amount of coins we do now...

Who will be mining this coin, when price will not double?

Sorry to say, but if mining XVG will be intense lower I will switch back to LTC.

Wondering what others will do Wink

Lets hope that there are a lot of people thinking like you... this would mean decreasing of difficulty and more Verge for me 😀
It is common sense to think that the price of verge will double up as with half of mining the total of today will mean that the supply of more coins to the market will be halved. There are thousands of people who are selling their coins each day when they mine only a few are keeping them for long term. Those people who sell daily are keeping a restriction in the price to increase and if the mining supply will be halved then that flow of the coins to the market will be reduced and keeping the current demand of the coin we can say that the price will double up.

It's not really working like this. Would be perfect for all of us that mine XVG, but halving will not mean double in price later.
Even less with a such high max. supply.

Your scenario would eventually to some extend apply IF only the miner coins go to the exchange and nothing else, but that is not the case.
10% are left for mining and about 90% are on the free market. Or in other words, 15 Billion XVG are can be traded all the time and that's going to continue to happen. Whenever there will be a price change someone is selling and buying, and in most cases from someone in the 90% circulating supply and not from the right now fresh mined coins.

Too lazy and tired to make some mathematics at this time. But let's say 1M XVG are mined daily after the halving, that's 0.00666% of the available circulating supply that will or will not go to an exchange.
The halving will have about 0 impact in my opinion, just too much max. and circulating supply to have real impact, not even talking about double price as some mentioned. This will not going to happen for sure.


Although i agree with you in most of your arguments, i read sometimes now, that the higher max supply of verge, compared to bitcoin, has any influence to that. I dont think this is true. Of course the higher max suplly is responsible for a much lower price. But there will be a decreased number of new coins coming to the market. It can influence the price. Of course it will not double the price. But it could happen, that the price increases a bit. If you look at the last bitcoin halving, it took some time after that, but then bitcoin price rised. Att his time, just to keep the price as it is, there must be a demand that is high enough to compensate the new coins that come to the market. So if the demand (and i also mean the demand for the new mined coins) stay as it is, but the number of new mined coins decrease, this could result in an increasing price. We will see, hey it is crypto... Noone knows.

Regarding mining: In the end, there will be a lot of miners, that will switch to other coins. And after a few days, the earnings will distribute through the different coins. So i think the mining earnings will, after a short while, only go down a little bit. Of course it maybe, that the earnings will go down today, immediately after the halving, significantly. But it will go up again after a while. There will be less miners for verge, this means lower dificulty, this means more earnings for the miners that stay. A lot of people anyway do multimining with autoswitch, they will switch to other coins (this means the difficulty for that other coins will rise, and they earn less there...) After a while there will be a new balance again and everything will be fine.
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May 09, 2018, 06:50:27 AM
 #12182

With the upcoming Halving 9 May, we will be mining only HALF the amount of coins we do now...

Who will be mining this coin, when price will not double?

Sorry to say, but if mining XVG will be intense lower I will switch back to LTC.

Wondering what others will do Wink

mining community is very flexible on switching mining power to other coins. Top coins always show similar mining profitability. For sure a new balance will be found, and mining will be about the same profit, but with less total hashrate
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May 09, 2018, 07:12:12 AM
 #12183

at block 2,124,000 we have reward halving ... may be good news !!!
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May 09, 2018, 09:17:12 AM
 #12184

OMG I still have not stack that much XVG on my wallet. When halving of mining happens on May 9, it will be very difficult to mine it now. I guess I have to buy them on bittrex.

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May 09, 2018, 10:27:48 AM
 #12185

Really like all your opinions.

Still mining XVG for now and I am curious what we will be mining these days...
I have the idea that I still mine a lot more then just 50%.
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May 09, 2018, 11:31:54 AM
 #12186

Although i agree with you in most of your arguments, i read sometimes now, that the higher max supply of verge, compared to bitcoin, has any influence to that. I dont think this is true. Of course the higher max suplly is responsible for a much lower price. But there will be a decreased number of new coins coming to the market. It can influence the price. Of course it will not double the price. But it could happen, that the price increases a bit. If you look at the last bitcoin halving, it took some time after that, but then bitcoin price rised. Att his time, just to keep the price as it is, there must be a demand that is high enough to compensate the new coins that come to the market. So if the demand (and i also mean the demand for the new mined coins) stay as it is, but the number of new mined coins decrease, this could result in an increasing price. We will see, hey it is crypto... Noone knows.

Regarding mining: In the end, there will be a lot of miners, that will switch to other coins. And after a few days, the earnings will distribute through the different coins. So i think the mining earnings will, after a short while, only go down a little bit. Of course it maybe, that the earnings will go down today, immediately after the halving, significantly. But it will go up again after a while. There will be less miners for verge, this means lower dificulty, this means more earnings for the miners that stay. A lot of people anyway do multimining with autoswitch, they will switch to other coins (this means the difficulty for that other coins will rise, and they earn less there...) After a while there will be a new balance again and everything will be fine.

The problem in your calculation or scenario is that you think that the big majority of demand is created by mining, but that is not the case. All the demand is/will be covered by the excisting cicrulating suppoly that is allready on exchanges or will go there easyly if needed. This is the main problem with high max. supply coins. It would need a lot that some extra supply is needed.

Just did some reasearch. On average for the last 15 days 1.412 blocks per day are mined, means about 2,259,200 XVG/daily. After halving in theory it would be half of it, 1,100,000. This number will fluctuade a bit forworth and backworth up to how many miners switch and if the remaining will compensate it by less difficulty. In the end it should be the same, meaning around 1,100,000 XVG are generated daily.

As said in my previous post, the change of less daily mineded XVG compared to the excisting XGV circulating supply is about 0,007 daily. Have in mind that again, dailly you get again some new 1.1M XVG and that it did not stop at all.

I will try to make another example:

The last 24 hours the 24h XVG volume was ~$100,400,000 USD, means there are 1,434,285,714 XVG traded the last 24 hours. You now get maybe the idea that these 1M XVG less daily do NOT There is make any change at all at the exchange. There is just enough supply for the demand in circulation allready.

It would be a different story IF a sudden the demand is 2x higher than the available supply. THAN indeed the new mined coins had an impact.

Conclusion, we miners won't feel the halving in price at all, it will be mostly something in the range of 0.0001 USD, at very most.



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May 09, 2018, 11:53:48 AM
 #12187

Although i agree with you in most of your arguments, i read sometimes now, that the higher max supply of verge, compared to bitcoin, has any influence to that. I dont think this is true. Of course the higher max suplly is responsible for a much lower price. But there will be a decreased number of new coins coming to the market. It can influence the price. Of course it will not double the price. But it could happen, that the price increases a bit. If you look at the last bitcoin halving, it took some time after that, but then bitcoin price rised. Att his time, just to keep the price as it is, there must be a demand that is high enough to compensate the new coins that come to the market. So if the demand (and i also mean the demand for the new mined coins) stay as it is, but the number of new mined coins decrease, this could result in an increasing price. We will see, hey it is crypto... Noone knows.

Regarding mining: In the end, there will be a lot of miners, that will switch to other coins. And after a few days, the earnings will distribute through the different coins. So i think the mining earnings will, after a short while, only go down a little bit. Of course it maybe, that the earnings will go down today, immediately after the halving, significantly. But it will go up again after a while. There will be less miners for verge, this means lower dificulty, this means more earnings for the miners that stay. A lot of people anyway do multimining with autoswitch, they will switch to other coins (this means the difficulty for that other coins will rise, and they earn less there...) After a while there will be a new balance again and everything will be fine.

The problem in your calculation or scenario is that you think that the big majority of demand is created by mining, but that is not the case. All the demand is/will be covered by the excisting cicrulating suppoly that is allready on exchanges or will go there easyly if needed. This is the main problem with high max. supply coins. It would need a lot that some extra supply is needed.

Just did some reasearch. On average for the last 15 days 1.412 blocks per day are mined, means about 2,259,200 XVG/daily. After halving in theory it would be half of it, 1,100,000. This number will fluctuade a bit forworth and backworth up to how many miners switch and if the remaining will compensate it by less difficulty. In the end it should be the same, meaning around 1,100,000 XVG are generated daily.

As said in my previous post, the change of less daily mineded XVG compared to the excisting XGV circulating supply is about 0,007 daily. Have in mind that again, dailly you get again some new 1.1M XVG and that it did not stop at all.

I will try to make another example:

The last 24 hours the 24h XVG volume was ~$100,400,000 USD, means there are 1,434,285,714 XVG traded the last 24 hours. You now get maybe the idea that these 1M XVG less daily do NOT There is make any change at all at the exchange. There is just enough supply for the demand in circulation allready.

It would be a different story IF a sudden the demand is 2x higher than the available supply. THAN indeed the new mined coins had an impact.

Conclusion, we miners won't feel the halving in price at all, it will be mostly something in the range of 0.0001 USD, at very most.





well it is the same with bitcoin, the new mined coins are about 24 * 6 * 12,5 = 1800BTC a day. there 17.000.000 Bitcoins out there. But last time after the halving and with a bit delay, bitcoin price increased significantly. But of course, it is not for sure, that the reason was the halving. So in the end, it is like said: It is crypto and noone knows. We have to wait and see what will happen. And in the end we will not know for sure what ever will happen, if it is because of the halving or not, because there are so much other things that can change the price...
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May 09, 2018, 02:40:53 PM
 #12188

Although i agree with you in most of your arguments, i read sometimes now, that the higher max supply of verge, compared to bitcoin, has any influence to that. I dont think this is true. Of course the higher max suplly is responsible for a much lower price. But there will be a decreased number of new coins coming to the market. It can influence the price. Of course it will not double the price. But it could happen, that the price increases a bit. If you look at the last bitcoin halving, it took some time after that, but then bitcoin price rised. Att his time, just to keep the price as it is, there must be a demand that is high enough to compensate the new coins that come to the market. So if the demand (and i also mean the demand for the new mined coins) stay as it is, but the number of new mined coins decrease, this could result in an increasing price. We will see, hey it is crypto... Noone knows.

Regarding mining: In the end, there will be a lot of miners, that will switch to other coins. And after a few days, the earnings will distribute through the different coins. So i think the mining earnings will, after a short while, only go down a little bit. Of course it maybe, that the earnings will go down today, immediately after the halving, significantly. But it will go up again after a while. There will be less miners for verge, this means lower dificulty, this means more earnings for the miners that stay. A lot of people anyway do multimining with autoswitch, they will switch to other coins (this means the difficulty for that other coins will rise, and they earn less there...) After a while there will be a new balance again and everything will be fine.

The problem in your calculation or scenario is that you think that the big majority of demand is created by mining, but that is not the case. All the demand is/will be covered by the excisting cicrulating suppoly that is allready on exchanges or will go there easyly if needed. This is the main problem with high max. supply coins. It would need a lot that some extra supply is needed.



Just did some reasearch. On average for the last 15 days 1.412 blocks per day are mined, means about 2,259,200 XVG/daily. After halving in theory it would be half of it, 1,100,000. This number will fluctuade a bit forworth and backworth up to how many miners switch and if the remaining will compensate it by less difficulty. In the end it should be the same, meaning around 1,100,000 XVG are generated daily.

As said in my previous post, the change of less daily mineded XVG compared to the excisting XGV circulating supply is about 0,007 daily. Have in mind that again, dailly you get again some new 1.1M XVG and that it did not stop at all.

I will try to make another example:

The last 24 hours the 24h XVG volume was ~$100,400,000 USD, means there are 1,434,285,714 XVG traded the last 24 hours. You now get maybe the idea that these 1M XVG less daily do NOT There is make any change at all at the exchange. There is just enough supply for the demand in circulation allready.

It would be a different story IF a sudden the demand is 2x higher than the available supply. THAN indeed the new mined coins had an impact.

Conclusion, we miners won't feel the halving in price at all, it will be mostly something in the range of 0.0001 USD, at very most.





well it is the same with bitcoin, the new mined coins are about 24 * 6 * 12,5 = 1800BTC a day. there 17.000.000 Bitcoins out there. But last time after the halving and with a bit delay, bitcoin price increased significantly. But of course, it is not for sure, that the reason was the halving. So in the end, it is like said: It is crypto and noone knows. We have to wait and see what will happen. And in the end we will not know for sure what ever will happen, if it is because of the halving or not, because there are so much other things that can change the price...

With Bitcoin Last year it was more about the FORKS that caused the price rise. Ppl buying in to get the free 1:1 coins.

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May 09, 2018, 05:23:12 PM
 #12189

Verge Is Aggressively Pursuing PayPal/Venmo - https://yeenot.today/catalog/news/206

So much good news coming in lately Cheesy I can't remember the last time we have period like this Cheesy We haven't had it I suppose Cheesy
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May 09, 2018, 05:53:51 PM
 #12190

Reasons why Verge could be partnering with Spotify:

https://bestcrypto.tv/1068/is-verge-partnering-with-spotify/

Pretty good reasoning, it makes sense, it would lower the transaction costs significantly and plus is that Spotify is a tech company and lets say familiar with crypto so this shouldn't be like a huge step form them, but a natural progression.
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May 09, 2018, 06:54:23 PM
 #12191

offtopic...

but anyone know what a wraith 4.0 qt-wallet -4 error is? Got it synched after a week...and trying to import a paper wallet with some low verge on this wallet

and not sure if the wallet is corrupt or what ...pm me for details or share on this thread...thanks brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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May 09, 2018, 07:41:37 PM
Merited by Searing (5)
 #12192

offtopic...

but anyone know what a wraith 4.0 qt-wallet -4 error is? Got it synched after a week...and trying to import a paper wallet with some low verge on this wallet

and not sure if the wallet is corrupt or what ...pm me for details or share on this thread...thanks brad



1) shutdown the wallet

2) go to your VERGE data folder %appdata%/roaming/VERGE on windows or ~/.VERGE on linux

3) delete the debug.log

4) restart your wallet and retry to do the import. and then look in the debug.log file for the error, this may help find what is going on.

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May 09, 2018, 08:04:15 PM
Merited by Searing (1)
 #12193

Anybody know what VERGE wallet specific parameters are available to set in the VERGE.conf file ?

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zneww
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May 09, 2018, 09:28:27 PM
 #12194

Anyone having problems connecting on moblie wallet recently?

I installed the android tor wallet two days ago... but i get "no connection"... i've orbot installed and running well for other applications... and also verge app in the list of tor-enabled apps.
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May 10, 2018, 01:08:43 AM
 #12195


LMAO, love the poll at the top of this thread.  Grin

I'm a new Vergein (is that what we call people that are using XVG for the first time?)  Cheesy

I have my core wallet syncing now and I already have a nice stack to toss into the wallet once it gets synced...

My question, about how long will it take to sync the entire wallet?

Thanks for any advice.

 I plan to HODL my XVG for at least a few years while I keep picking up more and more over time.  Cool




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May 10, 2018, 01:13:12 AM
 #12196

my suggestion... STop the sync.

    goto  the main page.  ( vergecurrency etc... .com)   look for the dl block chain, its there.  (only get it thru that link)

    its a large file.

letting it sync, will take 2-3days (depending)

  If you DL it, itll take maybe an hour to first load...  then every time u start it after that, it should get a bit faster.

 GL Wink

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May 10, 2018, 01:26:39 AM
Last edit: May 10, 2018, 01:43:59 AM by nick1492
 #12197

Looks like verge mining is now half of its previous. That's what I get now on my mining rig. With lessen supply of verge, people now will resort to buying it on their exchanges. I expect verge to surge to above 1200 sats with its current value on mining which is very low now!

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May 10, 2018, 02:09:38 AM
 #12198


LMAO, love the poll at the top of this thread.  Grin

I'm a new Vergein (is that what we call people that are using XVG for the first time?)  Cheesy

I have my core wallet syncing now and I already have a nice stack to toss into the wallet once it gets synced...

My question, about how long will it take to sync the entire wallet?

Thanks for any advice.

 I plan to HODL my XVG for at least a few years while I keep picking up more and more over time.  Cool






heh...my setup may be broke (see my previous post on this thread) but with cable connection of 90mb...it took a week more or less (then I ran into other issues) FYI.

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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May 10, 2018, 02:12:39 AM
 #12199

Devs need to request $XVG get integrated into Komodo's BarterDEX:

https://komodoplatform.com/decentralized-exchange/

I'm playing around with it right now, not too shabby, running it as a desktop app.

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May 10, 2018, 05:41:28 AM
 #12200

The coming XVG debit card could be a game changer, but how does that affect TokenPay. This is an interesting partnership. I'd love to better understand what each side benefits.

  Get the hottest crypto on MXC: https://www.mxc.ai/auth/signup?inviteCode=13rup
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