Historic Cryptogenic Bullion thread - CLOSED

[JakeThePanda]

Merc if you're not too busy can we have an update on how things are going?

Development is ongoing and all updates will be on the dev blog as has been the case for the past several weeks.

The process is slow going but it will get done right.  And I'm really excited about the prospects.

Yep, slow and steady wins the race  

Till then trying to take advantage of the market right now, just achieved 5k cgb, but one can never have enough I simply cannot comprehend why people keep dumping such large amounts at such low prices... Well better for me and better for cgb in the long term!

Yeah, who knows why there's selling at this level with so many developments in the works...?  Maybe some guy lost out on a big divorce settlement or something and is forced to sell.  Ha!

I don't think many people know what's going on with CGB.  Most people must think it's just another useless alt coin clone.  Do you think it we be better if we just junked this thread and start a brand new announcement thread detailing the exciting new developments for CGB?  The first post should talk about MADEsparq and all the developments.  I just don't get that from this thread.  The only reason I found about CGB is from my own research of every coin on the Cryptsy list.  Just an idea.

Or, maybe we should move the CGB discussion to the below thread and just close this one.

https://bitcointalk.org/index.php?topic=335955.40

[mercSuey]

Merc if you're not too busy can we have an update on how things are going?

Development is ongoing and all updates will be on the dev blog as has been the case for the past several weeks.

The process is slow going but it will get done right.  And I'm really excited about the prospects.

Yep, slow and steady wins the race  

Till then trying to take advantage of the market right now, just achieved 5k cgb, but one can never have enough I simply cannot comprehend why people keep dumping such large amounts at such low prices... Well better for me and better for cgb in the long term!

Yeah, who knows why there's selling at this level with so many developments in the works...?  Maybe some guy lost out on a big divorce settlement or something and is forced to sell.  Ha!

I don't think many people know what's going on with CGB.  Most people must think it's just another useless alt coin clone.  Do you think it we be better if we just junked this thread and start a brand new announcement thread detailing the exciting new developments for CGB?  The first post should talk about MADEsparq and all the developments.  I just don't get that from this thread.  The only reason I found about CGB is from my own research of every coin on the Cryptsy list.  Just an idea.

Or, maybe we should move the CGB discussion to the below thread and just close this one.

https://bitcointalk.org/index.php?topic=335955.40

Stuff like that is Elambert's department...

At least a link to http://MADEsparq.org in the OP would be a good thing, although there are links plenty on the CB website itself.

[Shifu77]

Cryptocurrencies have been the victim of their own success. Many of the people investing in the ALT coins now hadn't heard of bitcoin one year ago. The media does a great job of reminding everyone that the price of Bitcoin was only $13 one year ago and topped $1,000 by the end of the year. What the media conveniently fails to point out was that two and a half years ago the price of Bitcoin was at a high of $30 before crashing.
No investment of a speculative nature has a slow and predictable steady rise. In September 2008 the Google stock price was $476 ... three months later on December 1st it was $286, and many people I knew were rushing to cash out (Currently $1,123 USD).

I bought 1,125 CGB in small increments at an average price of $1.30. The price has dropped now and I'm happy as I can continue to accumulate at an even cheaper price. As I previously stated in another post I live in Japan and therefore have difficulty obtaining more than $200 in Bitcoin at a time.  I introduced my wife to the concept of cryptocurrencies and she promptly bought two million Doge coins for a total of $412 because they were 'cute'. Her Doge coins are now worth $3,000 and she wants to sell but doesn't know how ... so I will buy her Doge coins of her at the current price and convert them to Bitcoin and then use the Bitcoin to buy CGB in small increments.

[mercSuey]

Are deposits to Cryptsy still taking over 24 hours to post?  I've been using Vircurex ever since Cryptsy has had prolonged deposit issues. 

[Shifu77]

Are deposits to Cryptsy still taking over 24 hours to post?  I've been using Vircurex ever since Cryptsy has had prolonged deposit issues. 

I use Cryptsy. Depositing any type of coin is fast for me. It usually is credited as soon as the transaction reaches a set number of confirmations. I only deposit and change small amounts at a time however (for example 0.25 BTC).

[hvezdasmrti]

Look at the increased volume last days without affecting the price. Someone is planning a pump, buying all cheap CGBs.

[hvezdasmrti]

Network hashrate in Mhashes... Make a pump, make a hype and we will see it in Ghashes... Getting rich quick, this coin is hardly undervalued, because:

- its old = no coingen crap and survived first critical months
- has low rewards = no gazilion dumps and price shaking
- its known all around
- its value is now in capitulation phase = nobody will cash out his profits because there are none

I think its the next possible moon, i dont see any other coin which may be pumped so easy like CGB from 0 value. The only disadvantage is that it doesnt have millions of coins valued 1 satoshi, so people didnt mark it so fast like kitteh or moon or lotto.

[elambert]

Crossing the wires.
http://cryptosource.org/good-buys-and-coins-to-avoid-how-daily-coin-maintenance-costs-should-factor-into-your-investment-decisions/

[elambert]

Merc if you're not too busy can we have an update on how things are going?

Development is ongoing and all updates will be on the dev blog as has been the case for the past several weeks.

The process is slow going but it will get done right.  And I'm really excited about the prospects.

Yep, slow and steady wins the race  

Till then trying to take advantage of the market right now, just achieved 5k cgb, but one can never have enough I simply cannot comprehend why people keep dumping such large amounts at such low prices... Well better for me and better for cgb in the long term!

Yeah, who knows why there's selling at this level with so many developments in the works...?  Maybe some guy lost out on a big divorce settlement or something and is forced to sell.  Ha!

I don't think many people know what's going on with CGB.  Most people must think it's just another useless alt coin clone.  Do you think it we be better if we just junked this thread and start a brand new announcement thread detailing the exciting new developments for CGB?  The first post should talk about MADEsparq and all the developments.  I just don't get that from this thread.  The only reason I found about CGB is from my own research of every coin on the Cryptsy list.  Just an idea.

Or, maybe we should move the CGB discussion to the below thread and just close this one.

https://bitcointalk.org/index.php?topic=335955.40

Stuff like that is Elambert's department...

At least a link to http://MADEsparq.org in the OP would be a good thing, although there are links plenty on the CB website itself.

Working on it now, thanks for the suggestion

[elambert]

My favorite thing about CB is the 10 Bullion per block.

5jcdmGU8NCv6APYUPqzSJyquLPDj3EFUen

Thx

All sent and just to clarify, the PoW reward is currently 0.15625 CGB per block. This means only 225 CGB are minted each day via PoW mining.

[MobGod]

What is diff right now checking to make sure I have the right chain

[mercSuey]

What is diff right now checking to make sure I have the right chain

this is the right chain:  http://explorer.cryptogenicbullion.org:2750/chain/CryptogenicBullion

[MobGod]

What is diff right now checking to make sure I have the right chain

this is the right chain:  http://explorer.cryptogenicbullion.org:2750/chain/CryptogenicBullion

OK so it's 0.15 per block right now or is that pow ?

[BitcoinFX]

What is diff right now checking to make sure I have the right chain

this is the right chain:  http://explorer.cryptogenicbullion.org:2750/chain/CryptogenicBullion

OK so it's 0.15 per block right now or is that pow ?

Yep current block reward is 0.15625000

Moreover, due to the recent decline in hashrate I've already made more CGB this month than last month when the block reward was 0.3

Looking to the future only a couple of Scrypt coins get my vote for mining at present for long-term profits, being DGC , ARG and CGB.

The silver CGB cards that I posted a few pages back - I'm also going to have produced for Argentum.

IMHO anything backed by or related to real metals or bullion, albiet in small quantities, is going to do very well in the future and for good reason !

Another Scrypt-Jane coin to watch is YbCoin - http://www.ybcoin.com/ - currently mostly sandboxed in chinese markets. This is the 'real' gold coin, PoS also !

Just like you ModGod I've mined a load of GPL as well  

[MobGod]

What is diff right now checking to make sure I have the right chain

this is the right chain:  http://explorer.cryptogenicbullion.org:2750/chain/CryptogenicBullion

OK so it's 0.15 per block right now or is that pow ?

Yep current block reward is 0.15625000

Moreover, due to the recent decline in hashrate I've already made more CGB this month than last month when the block reward was 0.3

Looking to the future only a couple of Scrypt coins get my vote for mining at present for long-term profits, being DGC , ARG and CGB.

The silver CGB cards that I posted a few pages back - I'm also going to have produced for Argentum.

IMHO anything backed by or related to real metals or bullion, albiet in small quantities, is going to do very well in the future and for good reason !

Another Scrypt-Jane coin to watch is YbCoin - http://www.ybcoin.com/ - currently mostly sandboxed in chinese markets. This is the 'real' gold coin, PoS also !

Just like you ModGod I've mined a load of GPL as well  

Question buddy why in my cgminer for CGB solo the diff says 0 is that because of the pos blocks? Should I not be solo right now??

[tspacepilot]

All sent, btw! Faucet still running!

Is this a ref to your question about our favorite aspect of cgb?  Or is there some web faucet I should know about?

[BitcoinFX]

Question buddy why in my cgminer for CGB solo the diff says 0 is that because of the pos blocks? Should I not be solo right now??

Sounds odd. I reverted to solo for a while when the hash rate dropped, but you are probably better off in a pool still, depending on your hashrate.

 http://cgb.smalltimeminer.com is probably the better choice of pool right now.

[mercSuey]

Question buddy why in my cgminer for CGB solo the diff says 0 is that because of the pos blocks? Should I not be solo right now??

Sounds odd. I reverted to solo for a while when the hash rate dropped, but you are probably better off in a pool still, depending on your hashrate.

 http://gcb.smalltimeminer.com is probably the better choice of pool right now.

typo  

http://cgb.smalltimeminer.com

Full list of pools can be found here:  https://cryptogenicbullion.org/#services


Happy mining!

[MobGod]

Question buddy why in my cgminer for CGB solo the diff says 0 is that because of the pos blocks? Should I not be solo right now??

Sounds odd. I reverted to solo for a while when the hash rate dropped, but you are probably better off in a pool still, depending on your hashrate.

 http://gcb.smalltimeminer.com is probably the better choice of pool right now.

can you check this link what is going on https://i.imgur.com/XqniH3D.png

[mercSuey]

Question buddy why in my cgminer for CGB solo the diff says 0 is that because of the pos blocks? Should I not be solo right now??

Sounds odd. I reverted to solo for a while when the hash rate dropped, but you are probably better off in a pool still, depending on your hashrate.

 http://gcb.smalltimeminer.com is probably the better choice of pool right now.

can you check this link what is going on https://i.imgur.com/XqniH3D.png

what's your config file look like?