[ANN] [POW] [MSR] Masari - simple, scalable, and secure cryptocurrency

[Lordaster]

Why price down, anybody know?
and net hash rate too...

[1715534191]

1715534191

[nanona]

Why price down, anybody know?

Supply and demand. The very fundamental rule of a market economy.

and net hash rate too...

Hashrate follows price. The very fundamental rule of a POW coin.

[jbmustaq]

If price is low that is good for miners who want to accumulate more coins and hold them till the price is right.

[romadon]

Why price down, anybody know?
and net hash rate too...

Because the total number of outgoing supplay. And because the hands of people who are not strong hold the coins they have and eventually they sell them. I think because of the large number of coin sellers, the price is decreasing.

[Lordaster]

Hashrate follows price. The very fundamental rule of a POW coin.

are you serious?

[thaer]

MSR withdrawals from StocksExchange are still not working - stay tuned for updates and don't use that exchange (alternatively SouthXchange is working well) if you're planning on withdrawing around this time.

[nanona]

Hashrate follows price. The very fundamental rule of a POW coin.

are you serious?

Yes. What about you?

[charlie137]

Smells very fishy to me

ahahahaha lol with deep onion on avatar? if that smells fishy for you, you probably never saw deep onions block explorer 

[Lordaster]

Hashrate follows price. The very fundamental rule of a POW coin.
Yes. What about you?

I thought  price follows hashrate...

[fracas]

GUI Windows download LINK in first post does not work.

And the no-GUI wallet gives me DNS error.

Website seems to have old wallets linked too. /EDIT but actually downloads new ones.

Please fix.

[Brondo76]

Added new Exchange for Masari

https://stocks.Exchange

With 10 kh/s for 24 hours get:

Monero      0,00183 btc
Bytecoin    0,00163 btc
Masari       0,00311 btc   

Mining Masari !!

www.klondikepool.com

[fracas]

People what's better. Masari or Fonero?

[nanona]

Hashrate follows price. The very fundamental rule of a POW coin.
Yes. What about you?

I thought  price follows hashrate...

No. Miners mine a coin because other people are willing to buy those coins from them. The market, the buyers determine the value. Supply and demand, it's economy!
Just plot the difficulty of any POW coin vs. its price. You will notice how when price climbs so does difficulty a few days later, because miners add hashrate. And when price drops so does difficulty with some short delay, because some miners stop mining it.

Have you ever heard a buyer on an exchange saying "oh, I will buy coin x because its network has 500TH/s of hashrate"? Of course not. And that's why "price follows hashrate" must be some kind of bad joke. I mean we would just have to add hashrate and the price of Masari would magically go up? And who pays that price and for which reason?

"Price follows hashrate" is the same misbelieve than "more miners means lower price", when people argue that when more people are mining, more coins get dumped so price drops. Of course not, since total amount of coins given to miners on every day is constant no matter how many miners and how much hashrate is thrown at the coin. Again, a fundamental concept of a POW coin called difficulty adjustment, or let's call it coin issuance control.

I hope this helps.

[thaer]

People what's better. Masari or Fonero?

Fonero is an outdated fork of Masari. The folks over at Fonero refuse to retain copyright notice, even though it's blatantly obvious that they've copy/pasted everything.

[fracas]

People what's better. Masari or Fonero?

Fonero is an outdated fork of Masari. The folks over at Fonero refuse to retain copyright notice, even though it's blatantly obvious that they've copy/pasted everything.

Happy to read that. I chose Masari. I like honesty.

[mroctopus]

In some scenarios, price follows hash.
Suppose the coin adds new features or has great update, you wish to buy and hold it for a while.
But the network hash is crazy high then you need to directly buy the coins (not mine). Hence the price goes up.
Hash can follow price and price can follow hash.

[caturujian]

Confused, Why Pool luck so bad?
http://id.masari.network/img/screenshot-id.masari.network-2017-12-26-15-52-49.png
http://id.masari.network/img/screenshot-id.masari.network-2017-12-26-15-59-16.png

[dtr]

Confused, Why Pool luck so bad?
http://id.masari.network/img/screenshot-id.masari.network-2017-12-26-15-52-49.png
http://id.masari.network/img/screenshot-id.masari.network-2017-12-26-15-59-16.png

M.b. it's common for cryptonight coins? In sumokoin thread I read about the same issue.

[caturujian]

Thank you. Etn also has this issue, on Whattomine.com it's stated Pool negative luck. Hope Masari can be better.

How much fee in config.json?

I have set 0,005 and provit become negative 30 MSR after 22K MSR Mined.

Thanks.

[fracas]

Price is up today. Is there any news? What about roadmap?