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Author Topic: Terracoin is ALLIIIIIVEEEE  (Read 22550 times)
VforVictory
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April 08, 2013, 02:28:09 AM
 #81

So in summary what is the consensus, will the stalled coins be confirmed anytime soon?

Magic Eight Ball says "Hell no". Over eight hours to find a block on Coinotron... Unless something magical happens.
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April 08, 2013, 03:14:13 AM
 #82

The market takes care of most things. Even if transactions stay very slow until the problem is fixed and prevented, high difficulty might support terracoin's price, because it obviously will limit the money supply. Lets remember that there are only about 2,032,260 terracoins (it's not like litecoin that has about 16,490,000 or PPcoin with more than 27,000,000; make no confusion, I like these coins very much too). The price went up too much for high difficulty to be a serious threat. Right now, slowness of transfers is even supporting the price, because is preventing traders to sell at btc-e the coins bought at vircurex. No doubt, when they all arrive, that will put pressure on the price. But many (including yours truly) are waiting that to buy thousands of cheap terracoins.
Will the high difficulty drive away some miners? Perhaps. But I doubt that, because scarcity and its consequences on expectations of future prices will have their weight. The fact that many terracoin miners have many terracoins will also force them to keep mining to support the coin. Namecoin has much more serious problems of revenue, but despite that it is still kicking. Most people will support terracoin because of its value even if for more than a reason the slowness of transfers last or kept occurring.
If this price lasts, you will see places accepting terracoin popping up, including, for the best or the worst, a "Terramit" and a "Terra Road". At 0.008 btcs, one terracoin has more value than the green bag (1.38 USDs, with BTC at 173 usd).

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April 08, 2013, 03:20:59 AM
 #83

The market takes care of most things. Even if transactions stay very slow until the problem is fixed and prevented, high difficulty might support terracoin's price, because it obviously will limit the money supply. Lets remember that there are only about 2,032,260 terracoins (it's not like litecoin that has about 16,490,000 or PPcoin with more than 27,000,000; make no confusion, I like these coins very much too). The price went up too much for high difficulty to be a serious threat. Right now, slowness of transfers is even supporting the price, because is preventing traders to sell at btc-e the coins bought at vircurex. No doubt, when they all arrive, that will put pressure on the price. But many (including yours truly) are waiting that to buy thousands of cheap terracoins.
Will the high difficulty drive away some miners? Perhaps. But I doubt that, because scarcity and its consequences on expectations of future prices will have their weight. The fact that many terracoin miners have many terracoins will also force them to keep mining to support the coin. Namecoin has much more serious problems of revenue, but despite that it is still kicking. Most people will support terracoin because of its value even if for more than a reason the slowness of transfers last or kept occurring.
If this price lasts, you will see places accepting terracoin popping up, including, for the best or the worst, a "Terramit" and a "Terra Road". At 0.008 btcs, one terracoin has more value than the green bag (1.38 USDs, with BTC at 173 usd).

+1.  TRC is an excellent coin, and once this little hiccup gets sorted out, I expect more adoption. 

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
19GpqFsNGP8jS941YYZZjmCSrHwvX3QjiC
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April 08, 2013, 03:52:17 AM
 #84

If anyone wants to help TRC in its hour of need please, please mine it for a little while while they get the show back on the road!

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April 08, 2013, 03:58:02 AM
 #85

Is there a reason coins can't just have the reward adjusted dynamically instead of the difficulty of finding a new block with a static reward? Then blocks can keep flowing quickly for transactions, and just the new block reward go up/down based on the desired new coin generation rate.
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April 08, 2013, 03:58:41 AM
 #86

Is there a reason coins can't just have the reward adjusted dynamically instead of the difficulty of finding a new block with a static reward? Then blocks can keep flowing quickly for transactions, and just the new block reward go up/down based on the desired new coin generation rate.

Yes I think they are working on it

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April 08, 2013, 10:15:46 AM
 #87

I wanna help Terracoin out of this ordeal.. I can't find a wallet client anywhere (only online one just don't trust that) because coinotron won't let me create an account I was going to mine p2pool but I need a client... can anyone point me in the right direction?

Naelr

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MessyCoin
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April 08, 2013, 10:23:47 AM
 #88

I wanna help Terracoin out of this ordeal.. I can't find a wallet client anywhere (only online one just don't trust that) because coinotron won't let me create an account I was going to mine p2pool but I need a client... can anyone point me in the right direction?

The official windows binaries are at http://sourceforge.net/projects/terracoin/ Smiley

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April 08, 2013, 10:25:24 AM
 #89

thanks sir!

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April 08, 2013, 10:30:47 AM
 #90

Official client with upgrade available here http://terracoin.org/news/

Difficulty is readjusting in a few hours and the network will make a full recovery!

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April 08, 2013, 10:42:23 AM
 #91

Hi..
I have some Trc unconfirmed from Vircurex.. (20 hour ago) i need wait?

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April 08, 2013, 10:52:32 AM
 #92

Hi..
I have some Trc unconfirmed from Vircurex.. (20 hour ago) i need wait?

network lacks miners right now.
yes, just be patient, or help mining a little bit if you can Smiley
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April 08, 2013, 03:47:13 PM
 #93

Diff is going to drop very soon, miners will jump on, patch to adjust difficulty will have worked. TRC's back  Cool

VforVictory
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April 08, 2013, 03:50:53 PM
 #94

Diff is going to drop very soon, miners will jump on, patch to adjust difficulty will have worked. TRC's back  Cool

By very soon you mean three days, right?
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April 08, 2013, 03:52:59 PM
 #95

Diff is going to drop very soon, miners will jump on, patch to adjust difficulty will have worked. TRC's back  Cool

By very soon you mean three days, right?

I heard six hours.. but if it's three days it's better than never!

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April 08, 2013, 04:02:39 PM
 #96

Diff is going to drop very soon, miners will jump on, patch to adjust difficulty will have worked. TRC's back  Cool

By very soon you mean three days, right?

I heard six hours.. but if it's three days it's better than never!

The amount of time until the next diff adjustment will be dependent on just how much hashing power gets back onto TRC. If more people get back on TRC it will be shorter, if not, longer. If you hold any TRC it would probably be a good idea to help it out with a bit of mining power and help speed up the difficulty readjustment.

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April 08, 2013, 04:04:03 PM
 #97

Diff is going to drop very soon, miners will jump on, patch to adjust difficulty will have worked. TRC's back  Cool

By very soon you mean three days, right?

I heard six hours.. but if it's three days it's better than never!

The amount of time until the next diff adjustment will be dependent on just how much hashing power gets back onto TRC. If more people get back on TRC it will be shorter, if not, longer. If you hold any TRC it would probably be a good idea to help it out with a bit of mining power and help speed up the difficulty readjustment.

Yes, anyone holding TRC should be mining like a madman!

Naelr
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April 09, 2013, 02:44:00 AM
 #98

Diff is going to drop very soon, miners will jump on, patch to adjust difficulty will have worked. TRC's back  Cool

By very soon you mean three days, right?

I heard six hours.. but if it's three days it's better than never!

The amount of time until the next diff adjustment will be dependent on just how much hashing power gets back onto TRC. If more people get back on TRC it will be shorter, if not, longer. If you hold any TRC it would probably be a good idea to help it out with a bit of mining power and help speed up the difficulty readjustment.

Yes, anyone holding TRC should be mining like a madman!

Throwing 1.6  G/hash at it right now!

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CryptoJunky
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April 09, 2013, 02:52:17 AM
 #99

Naelr,

Welcome to the Terracoin recovery effort!

Naelr
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April 09, 2013, 03:06:30 AM
 #100

Naelr,

Welcome to the Terracoin recovery effort!

Hope I can help... have a few BTC invested... would like to see it turn around.

Naelr

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