[ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments

[Dormund]

admin can you add a time on the rai wallet ? so we can know the time when i received the balance

[1714776645]

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[steven0021]

Whats MRai current price ?


I saw a website buying each Mrai at 10 sat..that too low..

I dont know exactly. but i have few...

can anyone buy from me at 100 satoshi atleast ? please

I give 2 dogecoin 1 mai

either trolling or ignorant.
it's 400 satoshi per Mrai on this forum.

[Rune]

Whats MRai current price ?


I saw a website buying each Mrai at 10 sat..that too low..

I dont know exactly. but i have few...

can anyone buy from me at 100 satoshi atleast ? please

They sell for 350-400

So 375 satoshi should be a good number to go with.

[cryptohunter]

Whats MRai current price ?


I saw a website buying each Mrai at 10 sat..that too low..

I dont know exactly. but i have few...

can anyone buy from me at 100 satoshi atleast ? please

exchange needed really

[bathrobehero]

Whats MRai current price ?


I saw a website buying each Mrai at 10 sat..that too low..

I dont know exactly. but i have few...

can anyone buy from me at 100 satoshi atleast ? please

They sell for 350-400

So 375 satoshi should be a good number to go with.

Let's do some math;

Rewards a few hours ago were around 1.7 Mrai per recaptcha.

It costs about $1.2 for services to solve 1000 recaptchas for you.

So for 0.0028 BTC ($1.2) you get 1700 Mrai which means you're breaking even at 165 sats per Mrai.

And it's safe to say that at such low rewards as 1.7 (which translate into over 200 recaptchas being solved every minute) only captcha solving services and maybe some super enthusiasts are solving recaptchas.

With all that said I think the price will decrease probably below 200 in a few weeks.

exchange needed really

A proper blockchain explorer first.

[ancientcoins]

Whats MRai current price ?


I saw a website buying each Mrai at 10 sat..that too low..

I dont know exactly. but i have few...

can anyone buy from me at 100 satoshi atleast ? please

They sell for 350-400

So 375 satoshi should be a good number to go with.

Let's do some math;

Rewards a few hours ago were around 1.7 Mrai per recaptcha.

It costs about $1.2 for services to solve 1000 recaptchas for you.

So for 0.0028 BTC ($1.2) you get 1700 Mrai which means you're breaking even at 165 sats per Mrai.

And it's safe to say that at such low rewards as 1.7 (which translate into over 200 recaptchas being solved every minute) only captcha solving services and maybe some super enthusiasts are solving recaptchas.

With all that said I think the price will decrease probably below 200 in a few weeks.

exchange needed really

A proper blockchain explorer first.

but no one gets 1000 unless you have. i think somone posted they 671 plus that is constantly doing it. just say someone is correct $1.2 is the cost they sell it for twice that is it worth it for 2 hours

[Rune]

I have decided to wear this coin on my avatar what do you guys think?

[Jmild1]

I have decided to wear this coin on my avatar what do you guys think?

Seems great to advertise mrai. 

[Dormund]

Whats MRai current price ?


I saw a website buying each Mrai at 10 sat..that too low..

I dont know exactly. but i have few...

can anyone buy from me at 100 satoshi atleast ? please

exchange needed really

we really need it
all we need you to vote Mrai coin on c-cex here the link https://c-cex.com/?id=vote

[cryptoboy.architect]

Let's do some math;

Rewards a few hours ago were around 1.7 Mrai per recaptcha.

It costs about $1.2 for services to solve 1000 recaptchas for you.

So for 0.0028 BTC ($1.2) you get 1700 Mrai which means you're breaking even at 165 sats per Mrai.

And it's safe to say that at such low rewards as 1.7 (which translate into over 200 recaptchas being solved every minute) only captcha solving services and maybe some super enthusiasts are solving recaptchas.

With all that said I think the price will decrease probably below 200 in a few weeks.

I really love your analysis. However, I would like to present a different point of view.

This is a question of demand and supply. You are saying that the price should drop, but I would argue that it would only do so if there was no demand. If there is demand then instead of price falling down, the rewards will fall down until they find an equilibrium.

If you are saying people will gladly get paid $1.2 for solving 1000 recaptchas, then they'll provide more and more supply, until it reaches that price. The comparison to Bitcoin mining is fascinating. The difficulty of the network self-adjusts.

[bathrobehero]

Let's do some math;

Rewards a few hours ago were around 1.7 Mrai per recaptcha.

It costs about $1.2 for services to solve 1000 recaptchas for you.

So for 0.0028 BTC ($1.2) you get 1700 Mrai which means you're breaking even at 165 sats per Mrai.

And it's safe to say that at such low rewards as 1.7 (which translate into over 200 recaptchas being solved every minute) only captcha solving services and maybe some super enthusiasts are solving recaptchas.

With all that said I think the price will decrease probably below 200 in a few weeks.

I really love your analysis. However, I would like to present a different point of view.

This is a question of demand and supply. You are saying that the price should drop, but I would argue that it would only do so if there was no demand. If there is demand then instead of price falling down, the rewards will fall down until they find an equilibrium.

If you are saying people will gladly get paid $1.2 for solving 1000 recaptchas, then they'll provide more and more supply, until it reaches that price. The comparison to Bitcoin mining is fascinating. The difficulty of the network self-adjusts.

I agree but what I wanted to point out is the method of distribution thriving to be fair actually fails. It aims for fair distribution but it's one of the easiest methods to game and so it's being abused - for lack of a softer word.
In return that turns away new people because they get negligible rewards leading to poor distribution. And while I missed the early days of the distribution it seems early adopters own a significant chunk of the current supply of coin which again, is poor distribution.

The only positive thing I can see is that similar to PoW there is a cost of producing a coin which should create a floor price.

But of course there's the possibility of the opposite, meaning the low supply driving the price up, but I'm skeptical of that.

It would be nice if we had some transparency regarding the payouts. For example knowing the average reward per reptcha for the previous 24 hours or so.
Or if we had a proper, browsable block explorer, of course. Without that the coin lacks transparency which makes it hard to justify investing in it.

[cyberhacker]

It would be nice if we had some transparency regarding the payouts. For example knowing the average reward per reptcha for the previous 24 hours or so.
Or if we had a proper, browsable block explorer, of course. Without that the coin lacks transparency so much that I'd definitely not invest in it.

yeah， i am glad another cynic gave up Mrai. 


every coin has early adopter. and I believe Nakamoto is an early adopter of Bitcoin.

I don't think there is one coin offers 100% equality. 

You can't blame bitcoin cuz you can't mine 100 bitcoin one day.

[cryptoboy.architect]

I agree but what I wanted to point out is the method of distribution thriving to be fair actually fails. It aims for fair distribution but it's one of the easiest methods to game and so it's being abused - for lack of a softer word.
In return that turns away new people because they get negligible rewards leading to poor distribution. And while I missed the early days of the distribution it seems early adopters own a significant chunk of the current supply of coin which again, is poor distribution.

The only positive thing I can see is that similar to PoW there is a cost of producing a coin which should create a floor price.

But of course there's the possibility of the opposite, meaning the low supply driving the price up, but I'm skeptical of that.

It would be nice if we had some transparency regarding the payouts. For example knowing the average reward per reptcha for the previous 24 hours or so.
Or if we had a proper, browsable block explorer, of course. Without that the coin lacks transparency which makes it hard to justify investing in it.

Wait a minute... What does "fair distribution" mean? Communism? Everyone gets the same amount?

I think it's an overloaded term, but I'll try to give my take on it:

To me fair distribution means that it's not cost prohibitive for anyone to acquire some stake. Yes, there is the cost of having access to an equipment. But it's impossible for an average Joe to mine Bitcoin (or most coins).

I think most people here are too concerned about short term cost and profits. I see a lot of utility in this, especially if it becomes massively scalable. (Which I believe is possible, but not exactly trivial)

I also think it would be easy to add Ethereum VM as an optional transaction (use rai as gas, so simple transfers are still free, but complex smart contract transactions have a cost), but then again - I am not the dev and I don't control the project, I just see a lot of potential. How far it goes is another story. I know the devs want to keep it as simple as possible.

[lhinglhung]

Let's do some math;

Rewards a few hours ago were around 1.7 Mrai per recaptcha.

It costs about $1.2 for services to solve 1000 recaptchas for you.

So for 0.0028 BTC ($1.2) you get 1700 Mrai which means you're breaking even at 165 sats per Mrai.

And it's safe to say that at such low rewards as 1.7 (which translate into over 200 recaptchas being solved every minute) only captcha solving services and maybe some super enthusiasts are solving recaptchas.

With all that said I think the price will decrease probably below 200 in a few weeks.

I really love your analysis. However, I would like to present a different point of view.

This is a question of demand and supply. You are saying that the price should drop, but I would argue that it would only do so if there was no demand. If there is demand then instead of price falling down, the rewards will fall down until they find an equilibrium.

If you are saying people will gladly get paid $1.2 for solving 1000 recaptchas, then they'll provide more and more supply, until it reaches that price. The comparison to Bitcoin mining is fascinating. The difficulty of the network self-adjusts.

I agree but what I wanted to point out is the method of distribution thriving to be fair actually fails. It aims for fair distribution but it's one of the easiest methods to game and so it's being abused - for lack of a softer word.
In return that turns away new people because they get negligible rewards leading to poor distribution. And while I missed the early days of the distribution it seems early adopters own a significant chunk of the current supply of coin which again, is poor distribution.

The only positive thing I can see is that similar to PoW there is a cost of producing a coin which should create a floor price.

But of course there's the possibility of the opposite, meaning the low supply driving the price up, but I'm skeptical of that.

It would be nice if we had some transparency regarding the payouts. For example knowing the average reward per reptcha for the previous 24 hours or so.
Or if we had a proper, browsable block explorer, of course. Without that the coin lacks transparency which makes it hard to justify investing in it.

another analysis make buyers happy. 

[hakanbalta577]

For example knowing the average reward per reptcha for the previous 24 hours or so.
Or if we had a proper, browsable block explorer, of course.

+1

yeah these are really good points.  I totally agree

[HostFat]

New release v7.4.4
https://github.com/clemahieu/raiblocks/releases/tag/V7.4.4

[nicojaewpunk]

New release v7.4.4
https://github.com/clemahieu/raiblocks/releases/tag/V7.4.4

Im already instal it and what must i do with the old one?
uninstal it or just keep it?

[davide72]

I think Mrai soon we will be on exchange will be at 600 sat at least!

[CoinSiteDesigner]

I think Mrai soon we will be on exchange will be at 600 sat at least!

Which exchange? If you're talking about c-cex, we either need alot of votes or the RaiBlock owner have to pay them 1.5BTC to list them.
I don't think any of this is going to happen anytime soon (I want it to happen too).

[imbest]

why only 21k mrai distributed per hour?there is a lot of people working now with capthca,distribution rate should go up