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Author Topic: Namecoin and Bitcoin value are now equal (based on difficulty)  (Read 4264 times)
smoothie
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July 12, 2011, 08:46:53 PM
 #21

All discussion as to the usability of namecoin aside, difficulty at parity actually means taking a loss mining namecoin.

Mining in a pool has a pool fee off the top, then there is a fee to transfer the namecoins from the pool to you, then a fee to transfer the namecoins to the exchange, the exchange charges a fee to exchange namecoins to bitcoins, then there is a fee to withdraw the bitcoins. This is all before the regular fees of bitcoin, 5 fees. They may be small individually but as you use it they add up. So if you generate the same number of bitcoin-valued namecoins you are taking a loss over directly generating bitcoins.

Who made that exchange site, adding fees to withdraw, destroyed namecoins trading. Congratulation!

Because taking 0.01 on withdrawing is going to kill all trading!
Yup 0.01 NMC is currently 0.37 cents. So yeah at the current rate if you withdraw your namecoins, you bet your ass they are taking a big chunk of your account!

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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imperi
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July 12, 2011, 11:33:31 PM
 #22

All discussion as to the usability of namecoin aside, difficulty at parity actually means taking a loss mining namecoin.

Mining in a pool has a pool fee off the top, then there is a fee to transfer the namecoins from the pool to you, then a fee to transfer the namecoins to the exchange, the exchange charges a fee to exchange namecoins to bitcoins, then there is a fee to withdraw the bitcoins. This is all before the regular fees of bitcoin, 5 fees. They may be small individually but as you use it they add up. So if you generate the same number of bitcoin-valued namecoins you are taking a loss over directly generating bitcoins.

Who made that exchange site, adding fees to withdraw, destroyed namecoins trading. Congratulation!

Because taking 0.01 on withdrawing is going to kill all trading!
Yup 0.01 NMC is currently 0.37 cents. So yeah at the current rate if you withdraw your namecoins, you bet your ass they are taking a big chunk of your account!

It's a static fee. Withdrawing 5000 NMC costs 0.01 NMC.

Are you trolling, or just a little... not all there?
smoothie
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July 13, 2011, 12:31:37 AM
 #23

All discussion as to the usability of namecoin aside, difficulty at parity actually means taking a loss mining namecoin.

Mining in a pool has a pool fee off the top, then there is a fee to transfer the namecoins from the pool to you, then a fee to transfer the namecoins to the exchange, the exchange charges a fee to exchange namecoins to bitcoins, then there is a fee to withdraw the bitcoins. This is all before the regular fees of bitcoin, 5 fees. They may be small individually but as you use it they add up. So if you generate the same number of bitcoin-valued namecoins you are taking a loss over directly generating bitcoins.

Who made that exchange site, adding fees to withdraw, destroyed namecoins trading. Congratulation!

Because taking 0.01 on withdrawing is going to kill all trading!
Yup 0.01 NMC is currently 0.37 cents. So yeah at the current rate if you withdraw your namecoins, you bet your ass they are taking a big chunk of your account!

It's a static fee. Withdrawing 5000 NMC costs 0.01 NMC.

Are you trolling, or just a little... not all there?

Obviously you aren't able to decipher what is sarcasm and what is meant to be real. Once again, your attitude has gotten the best of you. LOL. I'm surprised you are listed as a hero member when you make remarks like the one above and also in the other discussion string.

Oh and one more thing. It's not a static fee because when a .bit domain costs go to 0.01 namecoins you bet your ass the fees will be more like 0.00001 NMC. If it can change it is semi-static/semi-dynamic.

Are you bored, or just a little... just little (in every form)?

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
imperi
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July 13, 2011, 12:36:33 AM
 #24

All discussion as to the usability of namecoin aside, difficulty at parity actually means taking a loss mining namecoin.

Mining in a pool has a pool fee off the top, then there is a fee to transfer the namecoins from the pool to you, then a fee to transfer the namecoins to the exchange, the exchange charges a fee to exchange namecoins to bitcoins, then there is a fee to withdraw the bitcoins. This is all before the regular fees of bitcoin, 5 fees. They may be small individually but as you use it they add up. So if you generate the same number of bitcoin-valued namecoins you are taking a loss over directly generating bitcoins.

Who made that exchange site, adding fees to withdraw, destroyed namecoins trading. Congratulation!

Because taking 0.01 on withdrawing is going to kill all trading!
Yup 0.01 NMC is currently 0.37 cents. So yeah at the current rate if you withdraw your namecoins, you bet your ass they are taking a big chunk of your account!

It's a static fee. Withdrawing 5000 NMC costs 0.01 NMC.

Are you trolling, or just a little... not all there?

Obviously you aren't able to decipher what is sarcasm and what is meant to be real. Once again, your attitude has gotten the best of you. LOL. I'm surprised you are listed as a hero member when you make remarks like the one above and also in the other discussion string.

Oh and one more thing. It's not a static fee because when a .bit domain costs go to 0.01 namecoins you bet your ass the fees will be more like 0.00001 NMC. If it can change it is semi-static/semi-dynamic.

Are you bored, or just a little... just little (in every form)?

I just post too much because I have no life, I don't deserve hero status.
JohnDoe
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July 13, 2011, 01:02:41 AM
 #25

Chill dawgs. Namecoiners gotta stick together yo!
imperi
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July 13, 2011, 01:26:48 AM
 #26

Chill dawgs. Namecoiners gotta stick together yo!

I made a thread here: https://forum.bitcoin.org/index.php?topic=28388.0

"Are you a Namecoiner?"
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