Trimegistus
Legendary
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Activity: 1564
Merit: 1027
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November 06, 2016, 03:37:14 AM |
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Ok, the miners are dumping but who is buying?
Who are the morons? The miners making instant profit, or the buyers investing in a plummeting coin?
Make no mistake, I'm a miner and I would love to sell my coins at a much higher price!
But I'm afraid to hold assets on a coin loosing 30% value per day.
Am I a moron? Maybe...
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Trimegistus
Legendary
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Activity: 1564
Merit: 1027
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November 06, 2016, 03:43:53 AM |
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BTW, two rigs, 6x480 each, 9 hours straight on v1.1 Thanks Claymore!
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BlockChasers
Newbie
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Activity: 46
Merit: 0
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November 06, 2016, 03:44:34 AM |
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Ok, the miners are dumping but who is buying?
Who are the morons? The miners making instant profit, or the buyers investing in a plummeting coin?
Make no mistake, I'm a miner and I would love to sell my coins at a much higher price!
But I'm afraid to hold assets on a coin loosing 30% value per day.
Am I a moron? Maybe...
This is what has happened to every coin. Only fools would hold.
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IOTUSA
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November 06, 2016, 03:49:09 AM |
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Ok, the miners are dumping but who is buying?
Who are the morons? The miners making instant profit, or the buyers investing in a plummeting coin?
Make no mistake, I'm a miner and I would love to sell my coins at a much higher price!
But I'm afraid to hold assets on a coin loosing 30% value per day.
Am I a moron? Maybe...
This is what has happened to every coin. Only fools would hold. "every coin plummets forever" - Priceless noob advice.
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molitar
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November 06, 2016, 04:03:00 AM |
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My point was not the holding. But when the value was up there.. when it was 800+ buyers and only 300+ coins the sellers still fucking dropped the value. They do not know how to do supply and demand and keep the price up. Should of set something like minimum sell to 1.8 BTC or something. It would of remained up there in value than if the sellers would work at setting a standard price. But no even when there was less coins to buy than buyers the price was plummeting down because seller wanted to sell quickly than priced it lower than everyone else.. and the next one repeated process and the price just kept getting cheaper and cheaper.
In the beginning it was not so bad.. price would plummet but the coins ran out the dump sellers had. than the price would skyrocket back up! But than it has gotten to be more coins than buyers and sellers had kept plummeting the price. I won't be surprised if the coin becomes worthless because sellers are impatient to sell and will not wait and set there price lower than everyone else keeping the downward spiral.
ZCash should of kept a 1:1 with BTC. Buyers buy ZCash to do there anonymous transactions than cash out in BTC. Keeping amount near the same but instead just have a bunch of miners that want to sell so fast they they set there value one point lower.. price now becomes new price.. next seller does same.. price becomes new price.. repeat, repeat, repeat. Miners would have to work together and set the lowest value and not go any lower to get a standard limit set. But it will not happen as everyone wants to quick dump.. back in the spike period I would set a sell target price that was high and during the spike I would end up selling it.
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delle54
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November 06, 2016, 04:07:04 AM |
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THX. Exactly my point.
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RozoTheMiner
Full Member
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Activity: 200
Merit: 103
Hello Bitcoin World!!
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November 06, 2016, 04:13:21 AM |
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Thanks Claymore! Works awesome
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gris
Newbie
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Activity: 5
Merit: 0
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November 06, 2016, 04:19:03 AM |
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Can anyone upload 1.1 to another server? Google shows the disk quota exceeded. A mega does not open.
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Xardas2014
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November 06, 2016, 04:21:44 AM |
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I have submitted this to the forum mods. This thread should be locked until Claymore can answer some questions regarding MIT licensing. mrb clearly thinks his code has been infringed.
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ginmac
Newbie
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Activity: 43
Merit: 0
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November 06, 2016, 04:23:56 AM |
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I have submitted this to the forum mods. This thread should be locked until Claymore can answer some questions regarding MIT licensing. mrb clearly thinks his code has been infringed. I think, that 2.5% fee is enough also for other developers (mrb, genoil, nicehash).
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zawawa
Sr. Member
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Activity: 728
Merit: 304
Miner Developer
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November 06, 2016, 04:25:00 AM |
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Ouch! Claymore could have just included the copyright notice and there wouldn't have been any problems... silentarmy's optimization is actually pretty clever, and the original author definitely deserves a credit.
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Gateless Gate Sharp, an open-source ETH/XMR miner: http://bit.ly/2rJ2x4VBTC: 1BHwDWVerUTiKxhHPf2ubqKKiBMiKQGomZ
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fr4nkthetank
Legendary
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Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
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November 06, 2016, 04:27:00 AM |
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well i'm getting the popcorn. credit is due where credit is due.
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Za1n
Legendary
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Activity: 1078
Merit: 1011
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November 06, 2016, 04:27:41 AM |
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I have submitted this to the forum mods. This thread should be locked until Claymore can answer some questions regarding MIT licensing. mrb clearly thinks his code has been infringed. I think, that 2.5% fee is enough also for other developers (mrb, genoil, nicehash) Wow, if true, yes indeed Claymore should be splitting the booty.
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Hotmetal
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November 06, 2016, 04:28:02 AM |
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I have submitted this to the forum mods. This thread should be locked until Claymore can answer some questions regarding MIT licensing. mrb clearly thinks his code has been infringed. I think, that 2.5% fee is enough also for other developers (mrb, genoil, nicehash) This isn't a question about the fee. This is about outright stealing other people's code and not giving credit where it is due.
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Hotmetal
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November 06, 2016, 04:30:43 AM |
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Ouch! Claymore could have just included the copyright notice and there wouldn't have been any problems... silentarmy's optimization is actually pretty clever, and the original author definitely deserves a credit. This makes you wonder how much of other people's code Claymore steals without giving credit. Other of his binaries are "packed" to avoid disassembling. Gee, I wonder what he is hiding.
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Xardas2014
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November 06, 2016, 04:33:22 AM |
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I wouldn't be surprised if mrb, padrino, and maybe Genoil collaborate on a miner.
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zawawa
Sr. Member
Offline
Activity: 728
Merit: 304
Miner Developer
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November 06, 2016, 04:40:22 AM |
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Ouch! Claymore could have just included the copyright notice and there wouldn't have been any problems... silentarmy's optimization is actually pretty clever, and the original author definitely deserves a credit. This makes you wonder how much of other people's code Claymore steals without giving credit. Other of his binaries are "packed" to avoid disassembling. Gee, I wonder what he is hiding. Well, it's fairly clear that his works are derivatives of other people's works. Although they are circumstantial, performance indexes of his miners unmistakably point in this direction. I just thought he was more careful about licensing terms. It would be a real shame if this case is actually true.
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Gateless Gate Sharp, an open-source ETH/XMR miner: http://bit.ly/2rJ2x4VBTC: 1BHwDWVerUTiKxhHPf2ubqKKiBMiKQGomZ
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delle54
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November 06, 2016, 04:41:49 AM |
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Keep calm people. It may be just a rumor.
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Xardas2014
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November 06, 2016, 04:43:56 AM |
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Keep calm people. It may be just a rumor.
It isn't a rumor when the author of part of the code clearly says his code has been infringed without due credit.
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