Good job killing DGC /

[r3wt]

That is why i always advise our goldcoin community not to hurry to have the coin on an  exchange. First buildup a big loyal goldcoin supporters and than go to exchange. Now all those miners only want to be fast on an exchange to dump their millions of coins.

I keep hearing that about GLD, I guess we'll see, I have some, but I honestly think it will be forgotten before it ever makes it to exchange, and itll die -

Its going on cryptsy and it hasn't been forgotten about.

i only sold 8k of mine...

[1713926071]

1713926071

[1713926071]

1713926071

[1713926071]

1713926071

[1713926071]

1713926071

[r3wt]

I'll sell you all my DGC for a penny. meet me in the park at midnight. bring as much cash and valuables as possible. I'll be the guy in the black clothing with a ski mask and a large hunting knife. don't be alarmed though, i'm a nice guy. 

[nesic1]

what you expect when mining in one pool so he get scared and dump his coins

[aikklond]

Too few DGC for the price to keep so low forever. Just hold your coins. 

[r3wt]

Too few DGC for the price to keep so low forever. Just hold your coins. 

sold all mine and bought a website.

[GSnak]

Too few DGC for the price to keep so low forever. Just hold your coins. 

https://bter.com/trade/btb_btc

[TheSwede75]

It's just following the all too common trend for Alt Coins. Sell/Buy here at inflated value, get to a shitty 'exchange' (like cryptsy or mnxderp.com the scam gutters of trading) and dropping like a stone. The end.

[erk]

Well so far, sellers on Cryptsy are following the all too common trend for killing a new alt, starting sales at the highest bid for buying, for some reason you people cant hold back just for a little while and start selling at a much higher rate, eventually people Will buy higher, but all you tards sell out, and ruin what could have been a really good profit for the rest of us -

They are either idiots that don't know how to trade on an exchange, or stooges that are there to deliberately keep the price down. Either way they have spoilt a good coin which should be selling for 0.003 BTC not 0.00056 BTC I have stopped mining DGC because it is selling too low. Coinchoose  is misleading people into mining coins that are hard to sell or sell for too little.

[krasnyoktyabr]

Too few DGC for the price to keep so low forever. Just hold your coins. 

https://bter.com/trade/btb_btc

It doesn't help that BitBar has literally no use. At least you can make an arbitrary case for why DGC is valuable (short transaction time, fair release). BitBar had about 75% of it's output mined in a few hours and it can't be used to "consolidate" anything. It isn't designed to be anything except a wallet.

[503guy]

Well so far, sellers on Cryptsy are following the all too common trend for killing a new alt, starting sales at the highest bid for buying, for some reason you people cant hold back just for a little while and start selling at a much higher rate, eventually people Will buy higher, but all you tards sell out, and ruin what could have been a really good profit for the rest of us -

If you think they are selling too low, then why not buy?  It's a free market, if miners want to sell their coins low for a small profit -- then fine.  Mining rigs aren't free.

[aikklond]

Well so far, sellers on Cryptsy are following the all too common trend for killing a new alt, starting sales at the highest bid for buying, for some reason you people cant hold back just for a little while and start selling at a much higher rate, eventually people Will buy higher, but all you tards sell out, and ruin what could have been a really good profit for the rest of us -

There are either idiots that don't know how to trade on an exchange, or stooges that are there to deliberately keep the price down. Either way they have spoilt a good coin which should be selling for 0.003 BTC not 0.00056 BTC

If it should it will.

Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).

I am not selling this one .

People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)

[erk]

If it should it will.

Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).

I am not selling this one .

People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)

I haven't sold any WDC yet because of people like you dumping below it's price. DGC is almost identical to WDC so there are millions of DGC out there too for you to dump. Please go mine BTC where you can do little harm.

Getting the price wrong on launch can set it back weeks even months.

[aikklond]

If it should it will.

Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).

I am not selling this one .

People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)

I haven't sold any WDC yet because of people like you dumping below it's price. DGC is almost identical to WDC so there are millions of DGC out there too for you to dump. Please go mine BTC where you can do little harm.

Getting the price wrong on launch can set it back weeks even months.

You are wrong, just about 300k of DGC have been mined.

I am sorry but I did not believe in WDC. Just my view.

[gudmunsn]

 DGC is almost identical to WDC so there are millions of DGC out there too for you to dump.

As of this writing, there are 22626 blocks out there, which equates to just under 345,600 coins total in existance...

# of Blocks   Total coins
1080    2,160
2160    3,240
3240    5,400
4320    10,800
5400    19,440
6480    31,320
7560    46,440
8640    64,800
9720    86,400
10800    108,000
11880    129,600
12960    151,200
14040    172,800
15120    194,400
16200    216,000
17280    237,600
18360    259,200
19440    280,800
20520    302,400
21600    324,000
22680    345,600
23760    367,200

[erk]

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table. It's all about the designed number of coins to be produced per hour.

Code:

Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			150		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

You can see clearly that DGC should be worth twice as much as WDC yet people sold it for less.

[503guy]

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.

Code:

Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			50		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

lol LTC $15 -- good luck with your pipe dream.

[erk]

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.

Code:

Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			50		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

lol LTC $15 -- good luck with your pipe dream.

It's attitudes like that which distort the market. If you don't understand the basic arithmetic then ask or leave.

[503guy]

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.

Code:

Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			50		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

lol LTC $15 -- good luck with your pipe dream.

It's attitudes like that which distort the market. If you don't understand the basic arithmetic then ask or leave.

The market isn't based on any arithmetic, only what people perceive as worth.

[BitshireHashaway]

Basic math doesn't dictate the value. And where is gldcoins on your chart?

[anderl]

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.

Code:

Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			50		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

lol LTC $15 -- good luck with your pipe dream.

It's attitudes like that which distort the market. If you don't understand the basic arithmetic then ask or leave.

you are not factoring in the amount in circulation.  If I own a company that issues 1 share a week I think its pretty important for my shareholders if they in total own 1 share or 10 million shares.

the rate of coin generation is only half the equation its also the amount that is currently out there.  but as others have said it is also based on demand.  I million coins is worth one value when there are I million people buying it and worth another value when only 10 people are buying it.