WDC Network hashrate at 1.4 G/s now!

[503guy]

So how on earth do people go from the current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC.  Comparable to CNC.

to .009?  Are they on crack ?  Never going to happen

You need to take into consideration the block reward for each coin when you compare two alt coins..

[mtbitcoin]

Any speculation on exchange info, or what type of open price could be expected?

I'm holding on to mine just in case...don't have much only 1500 or so but..who knows!

Morgan

This will be interesting to see how it plays out. I am guessing two scenarios :

1. There is already "insider" info that the coin is about to get picked up by one of the exchanges so you see a rash of buys on the forum

or

2.  Collect cheap enough coins, then create an artificial demand for the coins by buying them at stable rate. This creates attention to the coin, hash rates picks up (normally followed by posts stating how high the coin's hash rate is) and an exchange lists it. One of the main criteria for listing a coin is the hash rate (for security 51% and as a  gauge of popularity)

Either way best of luck and happy trading  

[fenican]

So how on earth do people go from the current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC.  Comparable to CNC.

to .009?  Are they on crack ?  Never going to happen

You need to take into consideration the block reward for each coin when you compare two alt coins..

The problem, obviously, is that 10 of these coins are released per week.  Miners have no loyalty to any of them except BTC and LTC.

Miners make good money selling to speculators.  A few speculators make money selling to a greater fool.  By the time the coin hits an exchange, nowadays, all that will be left are bag holders who panic and sell.  See YAC, CNC, and FTC all have gotten crushed off their highs

[pizza]

So how on earth do people go from the current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC.  Comparable to CNC.

to .009?  Are they on crack ?  Never going to happen

You need to take into consideration the block reward for each coin when you compare two alt coins..

The problem, obviously, is that 10 of these coins are released per week.  Miners have no loyalty to any of them except BTC and LTC.

Miners make good money selling to speculators.  A few speculators make money selling to a greater fool.  By the time the coin hits an exchange, nowadays, all that will be left are bag holders who panic and sell.  See YAC, CNC, and FTC all have gotten crushed off their highs

You putting WDC in the same category of scam coins like FTC & CNC shows the lack of knowledge you have on the topic.

[ofeefee]

wdc is quite a bit better than ftc, and cnc was fast, but wdc is fast too...and wasn't named for a stupid country.  has is almost 1700 now.

[Foamy]

So how on earth do people go from the current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC.  Comparable to CNC.

to .009?  Are they on crack ?  Never going to happen

Who would have thought CNC would get up to 0.004? Don't under estimate WDC. lol