[ANN] Signatum - New Algorithm - Fair Launch - No Premine

[jimboscott]

I think SIGT will increase in value with the next reward halving.

Why?  Because miners will mine it to OWN it as opposed to mining to to turn it over into another coin.  At least they will not mine it for short term trade value at CURRENT levels. 

I first mined it because it was more profitable than ETH at the time.  I was planning on mining for a day, then if ETH was worth less in terms of my mining capabilities, selling it to buy ETH. 

So, let's just play the game mentally.  I mine SIGT when it was bringing in 12-13 dollars per rig per day as opposed to 10 per day in ETH.  Easy call for someone with only short term goals.  And, as long as SIGT pays more than ETH it would attract miners whose only intent is to SELL.  Once the selling has overwhelmed the market, SIGT dives to around 7 bucks a day per rig.  At that level, nobody would choose to mine SIGT as a proxy for ETH.  The difficulty drops and the selling stops.  And, Warren Buffet's adage about the markets rewarding the patient and punishing the impatient could once again be proven true.

At halving, the daily rewards are going to get crushed at first.  NOBODY will entertain the thought of mining SIGT as a proxy for another coin.  UNLESS... the coin's value roughly doubles.  And, given the absence of sellers, a doubling is not at all out of the question. 

BTW, my goal was to mine SIGT exclusively for the first 60k blocks.  Almost there.  Will reevaluate at that point in time based upon how the coin value responds after the initial shock of the halving.

[oisilener1982]

I think SIGT will increase in value with the next reward halving.

Why?  Because miners will mine it to OWN it as opposed to mining to to turn it over into another coin.  At least they will not mine it for short term trade value at CURRENT levels.  

I first mined it because it was more profitable than ETH at the time.  I was planning on mining for a day, then if ETH was worth less in terms of my mining capabilities, selling it to buy ETH.  

So, let's just play the game mentally.  I mine SIGT when it was bringing in 12-13 dollars per rig per day as opposed to 10 per day in ETH.  Easy call for someone with only short term goals.  And, as long as SIGT pays more than ETH it would attract miners whose only intent is to SELL.  Once the selling has overwhelmed the market, SIGT dives to around 7 bucks a day per rig.  At that level, nobody would choose to mine SIGT as a proxy for ETH.  The difficulty drops and the selling stops.  And, Warren Buffet's adage about the markets rewarding the patient and punishing the impatient could once again be proven true.

At halving, the daily rewards are going to get crushed at first.  NOBODY will entertain the thought of mining SIGT as a proxy for another coin.  UNLESS... the coin's value roughly doubles.  And, given the absence of sellers, a doubling is not at all out of the question.  

BTW, my goal was to mine SIGT exclusively for the first 60k blocks.  Almost there.  Will reevaluate at that point in time based upon how the coin value responds after the initial shock of the halving.

I think SIGT will increase in value with the next reward halving.

Why?  Because miners will mine it to OWN it as opposed to mining to to turn it over into another coin.  At least they will not mine it for short term trade value at CURRENT levels.  

I first mined it because it was more profitable than ETH at the time.  I was planning on mining for a day, then if ETH was worth less in terms of my mining capabilities, selling it to buy ETH.  

So, let's just play the game mentally.  I mine SIGT when it was bringing in 12-13 dollars per rig per day as opposed to 10 per day in ETH.  Easy call for someone with only short term goals.  And, as long as SIGT pays more than ETH it would attract miners whose only intent is to SELL.  Once the selling has overwhelmed the market, SIGT dives to around 7 bucks a day per rig.  At that level, nobody would choose to mine SIGT as a proxy for ETH.  The difficulty drops and the selling stops.  And, Warren Buffet's adage about the markets rewarding the patient and punishing the impatient could once again be proven true.

At halving, the daily rewards are going to get crushed at first.  NOBODY will entertain the thought of mining SIGT as a proxy for another coin.  UNLESS... the coin's value roughly doubles.  And, given the absence of sellers, a doubling is not at all out of the question.  

BTW, my goal was to mine SIGT exclusively for the first 60k blocks.  Almost there.  Will reevaluate at that point in time based upon how the coin value responds after the initial shock of the halving.

You could have just mined ETH and buy SIGT.

ETH is profitable than SIGT right now. I mined SIGT @ 1st week and it was more profitable than ETH by 2 or 3 Times

I stopped mining SIGT after the Crowetic Inverview and I learned about his involvement with Burstcoin Scam

I researched deeper with the main DEV Doc and he cursed  a lot that I can't bear it. He also Brag about his connections to NSA and taking down a Node with just Raspberry (not DDOS)

Doc was also on vacation when the Price of SIGT crashed

[gurumeditation]

You could have just mined ETH and buy SIGT.

ETH is profitable than SIGT right now. I mined SIGT @ 1st week and it was more profitable than ETH by 2 or 3 Times

I stopped mining SIGT after the Crowetic Inverview and I learned about his involvement with Burstcoin Scam

I researched deeper with the main DEV Doc and he cursed  a lot that I can't bear it. He also Brag about his connections to NSA and taking down a Node with just Raspberry (not DDOS)

Crowetic interview
I think you are talking about the doc's interview with the guy from Burst (adam)
Anyway, Crowetic is not involved in SIGT anymore and that's better for the coin's future. Adam is not involved in the coin, he just wanted to fuck crowetic.
The doc is sometimes a strange guy, however his motivation to make sigt a great coin with a great value is real, that is the most important imo.
I believe this coin will have a bright future.
Actually, the market is flooded because of the short mining period, the price will be low for a while, even after PoS I think, the time the coin diluate on the market.
Expect 6 months to 1 year before starting to see the real potential of Signatum.

/edit : I suggest you to read this post if you haven't done yet :
https://www.reddit.com/r/Signatum/comments/6u0l5b/status_of_the_signatum_project/

[oisilener1982]

There was a Crowetic Youtube Video FYI that was released before the Doc Interview

I actually didn't know Crowetic until someone commented about the Burstcoin Scandal

[godda04]

Laugh if bittrex pull a blinder and list SIGT after all the fud these guys have been doing.

[Makak4R]

yeah I read couple of last pages cause I really worried about SIGT future
I hold not too many coins, but I really want to sell them for 10$ each in a very near future   

so I disagree that Nicehash is the reason of price drop - cause quite a lot nicehashers minig zec or eth and the prices not come to 1000 sat

so there must be another reason.. maybe not much activity from Devs? maybe people are waiting for 60K block..
soon we will see what future is hiding

[gurumeditation]

yeah I read couple of last pages cause I really worried about SIGT future
I hold not too many coins, but I really want to sell them for 10$ each in a very near future   

so I disagree that Nicehash is the reason of price drop - cause quite a lot nicehashers minig zec or eth and the prices not come to 1000 sat

so there must be another reason.. maybe not much activity from Devs? maybe people are waiting for 60K block..
soon we will see what future is hiding

Not much activity ? In one month, with a small team, they released 50% of the v1 roadmap.
Take some big ICOs that ended one or two months ago, and see what happened = almost nothing, some had not even taken 1 hour of their time to update websites, no release, nothing...

[CoinratZ]

Currently at block 57123, at 60.000 we will see some movement up

[altfinance]

Laugh if bittrex pull a blinder and list SIGT after all the fud these guys have been doing.

Some holders may sell because they can't take anymore the pain of losses as they see the SIGT price goes down below 1000 sats. Then your blinder comes and let's dream that even more blinders come, bittrex, btc100 and binance all list SIGT. That could be more pain for those who sold. Ouch!!!

Can't blame us for dreaming, right? hey, dreaming is free!

[RSO_]

Us who are mining to hold are benefiting from the low value because it in turn lowers the difficulty! More coins for us!!

[Core007]

getting good hashrate with stock settings and default bios 7x rx470 4gb getting 132 mhs

Getting 21.5 on my 480 4GB. SG-miner was only giving 18.

  Thankyou again.

[el3f]

I am holding my 400k Signatum...  This is a Great Coin

[godda04]

I will hold my 40 million too

[beni1107]

Did anyone bought or sell smth from their store ?

[Glok17]

Buyorders are getting very small... We will be back to 600 sato soon!

[randywald]

Looks like silent accumulation at these prices without showing buy support?

But of course it could go lower, but if it pumps, it won't matter if you bought at 600, 800 or 1200...

I am buying a handful .

[Glok17]

Looks like silent accumulation at these prices without showing buy support?

But of course it could go lower, but if it pumps, it won't matter if you bought at 600, 800 or 1200...

I am buying a handful .

Yes, there will be a period of low prices for some time... Before big next big pump. People forgot about 1$ dream already

[jimboscott]

Buyorders are getting very small... We will be back to 600 sato soon!

I'm calling donkey squeeze on that comment.

One large 5 digit sell order and the rest are nothing.  

Multiple 5 digit buy orders.

Right now, 30k of the big sell has been gobbled up or cancelled. 

Maybe you failed to notice that SOME of the 'sell orders' are stacked up at the bottom of the pile at INSANE values -

1000.00000000   2.00000000   2000.00000000   119266.18768177   
1799.00000000   3.00000000   5397.00000000   124663.18768177   
2000.00000000   2092.34381842   4184687.63684000   4309350.82452177   
3398.00000000   35.00000000   118930.00000000   4428280.82452177   
10000.00000000   2.00000000   20000.00000000   4448280.82452177   
500000.00000000   851.47201828   425736009.14000000   430184289.96452177   
800000.00000000   0.00414000   3312.00000000   430187601.96452177   
1000001.00003001   3.00000000   3000003.00009003   433187604.96461177   
100000000.00000000   0.00000001   1.00000000   433187605.96461177   


That's where most of your purported sell volume is located.  Hell... I will sell all of my SIGT if I can get 10 BTC a piece for them too.

[randywald]

I often put a coin on such a high priced sell order if i want to hodl it for later and save if from fat fingering (dumping whole amount down the orderbook by accident)... Maybe they also hope someone (with big BTC stack) fat fingers all the way up .

[Portmann]

Est. time until halving   2d 2h 59m