[ANN] [MΣC] Megacoin.co.nz - Forum, Github, Website Now in 18 Languages

[HairyT]

If you look at the exchange, sure China is buying up every dead coin known to man at the moment.

If you look at MEC's blockchain however, there is not a lot of MEC being sent from wallet to wallet.

So yes, there are "reasons" the price is up, but probably not why you think.

with the low value attatched to MegaCoin why the hell would you even bother to spend it?

If you remotely believe MegaCoin will have a resurgence then trading at these prices is robbing yourself.



I think that's a major problem for a lot of old coins. Valuations drop on a loss of investor confidence then the trading volume drops because those who believe it might comeback refuse to dump at low prices or for a loss.

If some people with deep pockets figure this out they can go buy up the available supply on 'dead' or 'hibernating' coins and breathe life into the market at an extreme profit. I believe has been happening and will continue.

I do not believe there is a resurgence at all.  The handful of old dead coins that recently skyrocketed all have one thing in common, they trade almost exclusively on btc38.com

So my thinking is that the "deep pockets" are not buying MEC and the others because they fans of the coins themselves.

Something else is going on.

Something else these revived alts have in common....A certain exchange operator who fled to China with a lot of people's coins would have had a lot of them.

[1714040737]

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[1714040737]

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[1714040737]

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[LIMX SUPPORT]

BIG PUMP IN CHINA!



really nice to see megacoin alive

[LIMX SUPPORT]

just a small kimoto joke...but noone really knows his identity.

[Guido]

Megacoin has to be back on Bittrex with this cap and volume, its going to keep going up on btc38 and volume and buy orders are crap on cryptopia

favourite and rt this tweet to bittrex and comment!
https://twitter.com/GetJoeOut/status/877222265066328066

[LIMX SUPPORT]

and the megacoin pump goes on...mec has more volume on btc38 than bitcoin.

btc38 has more than 200.000 users, go megacoin go!

[Guido]

are cryptopia sellers crazy?

19215 sats in btc38 currently, each mec

9000 on cryptopia

tweet bittrex and get them to readd, they don't need to go through all the rigmorole as was previously listed

all megacoin community members get tweeting them
17.5 million 24 hour volume in china

http://coinmarketcap.com/currencies/megacoin/#markets

[vtr99]

are cryptopia sellers crazy?

19215 sats in btc38 currently, each mec

9000 on cryptopia

tweet bittrex and get them to readd, they don't need to go through all the rigmorole as was previously listed

all megacoin community members get tweeting them
17.5 million 24 hour volume in china

http://coinmarketcap.com/currencies/megacoin/#markets

I've never had any luck trying to trade on BTC38.

[nobodywanttocry]

are cryptopia sellers crazy?

19215 sats in btc38 currently, each mec

9000 on cryptopia

tweet bittrex and get them to readd, they don't need to go through all the rigmorole as was previously listed

all megacoin community members get tweeting them
17.5 million 24 hour volume in china

http://coinmarketcap.com/currencies/megacoin/#markets

I've never had any luck trying to trade on BTC38.

Why? btc38 is a very good exchange in China.

[nbk]

I have read on btc38 that 7 coins get a core update, which is paid by btc38. Can anybody confirm this? Is it possible that megacoin is one of these coins?

[sharknutzz]

MEC price is up over 2000% in 3 months.  I don't believe in coincidence.   

[nbk]

I have read on btc38 that 7 coins get a core update, which is paid by btc38. Can anybody confirm this? Is it possible that megacoin is one of these coins?

the invitation of tenders on btc38 goes until 15.7.2017 -> this could be a great day for megacoin!

[*Sakura*]

MEC price is up over 2000% in 3 months.  I don't believe in coincidence.   

Yeah, I remember the times when MEC was above $1.

[nbk]

website is down

forum is down

explorer not available

what about the dev fund?

[nbk]

website is down

forum is down

explorer not available

what about the dev fund?

okay my fan website is always online & up to date

http://www.megacoin.eu/


we have a simple explorer

https://prohashing.com/explorer/Megacoin/


and the coins are stil in the devfund

https://prohashing.com/explorer/Megacoin/MAK5Kod12QF8FY46LiQa7YUpYkvoC5WLLb/

[sharknutzz]

I can't remember, who is actually holding the private key for the dev fund address?

Seems like there is enough value present in the dev fund to attract would-be developers, although it seems like it's actually BTC38's coin at this point and whatever they want to do with it will probably be the law of the land.  For the sake of history and speculation, I'll even guess that kimoto and BTC38 have had some talks.

Any other guesses on why MEC miraculously went from nill to 2+ CNY?

http://www.btc38.com/trade.html?btc38_trade_coin_name=MEC

[sharknutzz]

Possible reasons?

• Nobody knows
• Nobody cares
• Kimoto returned from his spacecraft and visited btc38

[shveicar]

What or who keeps this coin afloat  
Is it Chinese investors or just BTC38 exchange support?
Megacoin blockchain is still unworkable, why do I see the gray color on the site coinmarketcap.com?

[g1itch]

What or who keeps this coin afloat  
Is it Chinese investors or just BTC38 exchange support?
Megacoin blockchain is still unworkable, why do I see the gray color on the site coinmarketcap.com?

As I can see the blockchain works like a charm.

Code:

$ megacoind getinfo
{
    "version" : 179600,
    "protocolversion" : 70001,
    "walletversion" : 60000,
    "balance" : ^_^
    "blocks" : 847531,
    "timeoffset" : -1,
    "connections" : 6,
    "proxy" : "127.0.0.1:9050",
    "difficulty" : 647.65699783,
    "testnet" : false,
    "keypoololdest" : 1447787942,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "errors" : ""
}

[CryptoBrokerIO]

Crypto Broker Mining Pool - Added Megacoin

https://pool.cryptobroker.io/mec

• Auto-Profit Switching Port (Equihash & Scrypt)
• Automatic Payouts
• Affiliate Commission

The mining pool update allows users to mine the most profitable coin based on algorithm. Automatic payouts can be setup to withdrawal coins to your exchange of choice. Servers have been upgraded and redundancies/alerts enhanced offering a more reliable mining pool setup.

[vtr99]

Possible reasons?

• Nobody knows
• Nobody cares
• Kimoto returned from his spacecraft and visited btc38

The problem with Megacoin has always been "Nobody knows". Virtually every coin is driven by speculation, but Megacoin fans have always needed an extra measure of faith.

I really miss those early days when the impossible seemed inevitable.