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Author Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency  (Read 686990 times)
LazyOtto
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July 14, 2013, 07:25:59 PM
 #2001

I make no claim to successful predictions.

However, some of my posts in this thread have been as Lucifer's Laywer. (I hope y'all are all familiar with him.)

Full disclosure, I have mined some and I have made speculative purchases in both the PrimeCoin and PissCoin (Oops, is that DickCoin? - I don't much like the name; can you tell?   Smiley  ) spaces. NOTE: I have filled my targeted level of exposure in both those markets for a while. We'll (I'll) see how my positions play out over the next year or two.

Now, to respectfully respond to your questions.

1) I see a transition to GPU, or better yet FPGA, mining as a 'good thing'. Because it is *slightly* harder on GPUs, IMO, to do that with a bot-net (and totally not viable once FPGAs become predominate) and more significantly because it completely shuts down the "spin'em up as you want'em" VM game.

2) I can offer no advice. If I could read / interpret those charts with a high degree of success I would be a rich man day trading with real money.
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LazyOtto
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July 14, 2013, 07:31:57 PM
 #2002

Oops. I see that I didn't really *directly* respond to either of the questions posed.

That's because I don't really believe I can. (With excellent chances of being correct.)

I've done the best I can. Take it for what it's worth, please.
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July 14, 2013, 07:34:42 PM
 #2003

Oops. I see that I didn't really *directly* respond to either of the questions posed.

That's because I don't really believe I can. (With excellent chances of being correct.)

I've done the best I can. Take it for what it's worth, please.

Yes, you have avoided the direct answer to especially No1 Wink Never mind, thanks for the effort, it's really interesting how and if the GPU game would be played out.
LazyOtto
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July 14, 2013, 07:39:29 PM
 #2004

Yes, you have avoided the direct answer to especially No1 Wink Never mind, thanks for the effort, it's really interesting how and if the GPU game would be played out.
Thank you. "I have always relied on the kindness of strangers."
(not really, but the quote seems apropos in context  Smiley  )


We all live in interesting times nowadays.  Cheesy
96redformula
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July 14, 2013, 07:41:53 PM
 #2005

Yes, you have avoided the direct answer to especially No1 Wink Never mind, thanks for the effort, it's really interesting how and if the GPU game would be played out.
Thank you. "I have always relied on the kindness of strangers."
(not really, but the quote seems apropos in context  Smiley  )


We all live in interesting times nowadays.  Cheesy

Well for starters, GPU game change means all the VPM machines would be stopped and useless.
LazyOtto
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July 14, 2013, 07:43:15 PM
 #2006

Well for starters, GPU game change means all the VPM machines would be stopped and useless.
Hmmm, didn't someone suggest that?    Grin
vinne81
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July 14, 2013, 07:43:30 PM
 #2007

<lol>

Well, that was a pretty quick crash.

At or below 0.002 on all three exchanges now.

I hope all y'all with a monthly commitment to pay for VM's have made your nut by now.  Smiley

I'd like to thank those who bought most of mine at .00722. I salute thee.



+1

Not quite 0.00722 here, 0.006750. Close enough Smiley
LazyOtto
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July 14, 2013, 07:52:39 PM
 #2008

As I've stated, I've finished my mining / trading in this market for a while.

However, for those still actively in the short-term (one to three month) game, looks to me that bouncing off a floor of 0.001 is not at all unreasonable / unexpectable.
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July 14, 2013, 07:56:16 PM
 #2009

I better sold at 0.006 and buy at this time. But still holding  Grin
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July 14, 2013, 07:59:45 PM
 #2010

I'd like to thank those who bought most of mine at .00722. I salute thee.

+1

Not quite 0.00722 here, 0.006750. Close enough Smiley

I put in that order and left and was stunned to find it filled. The rest was ~.0066, followed by a few lucky blocks for less. Haven't had anything but orphans since. I think the mining gig is about up, or more aptly has been.

The increased diff won't translate to higher prices, long term it never has. Only speculation that the coin will have some future "mass" adoption has increased price. DGC is the most successful post-FTC "crap coin" and it's taken a lot of work on the part of the devs to get it there. Remains to be seen what kind of support XPM has. I'm guessing not as much.
96redformula
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July 14, 2013, 08:05:24 PM
 #2011

Orphan City here on my end.
vinne81
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July 14, 2013, 08:08:14 PM
 #2012

I'd like to thank those who bought most of mine at .00722. I salute thee.

+1

Not quite 0.00722 here, 0.006750. Close enough Smiley

I put in that order and left and was stunned to find it filled. The rest was ~.0066, followed by a few lucky blocks for less. Haven't had anything but orphans since. I think the mining gig is about up, or more aptly has been.

The increased diff won't translate to higher prices, long term it never has. Only speculation that the coin will have some future "mass" adoption has increased price. DGC is the most successful post-FTC "crap coin" and it's taken a lot of work on the part of the devs to get it there. Remains to be seen what kind of support XPM has. I'm guessing not as much.

I had serious doubts at the time of the sale, wondering if I was being superdumb. But, like every new coin hitting an exchange, after a few hours it starts to drop. CPU only, innovations, whatever, they don't matter. Most people (miners in this case) are here to make a quick buck, whether you like it or not  Cheesy
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July 14, 2013, 08:13:10 PM
 #2013

so im out the rest is yours Wink

96redformula
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July 14, 2013, 08:15:53 PM
 #2014

so im out the rest is yours Wink



I thought I read 600 coins, not blocks

Edit: Nevermind...600 Blocks not coins
vinne81
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July 14, 2013, 08:16:54 PM
 #2015

so im out the rest is yours Wink



Madness Smiley very nice
Aggrophobia
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July 14, 2013, 08:21:59 PM
 #2016

no Orphans included
with orphans the counter could be 2500 blocks -.-
regret many decisions, but 500% profit is 500% profit Wink

edit: and i know someone take much more instances ^^
96redformula
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July 14, 2013, 08:24:44 PM
 #2017

no Orphans included
with orphans the counter could be 2500 blocks -.-
regret many decisions, but 500% profit is 500% profit Wink

Are the amazon machines easy to setup like digital ocean?  I had a hard time trying to get the free one setup, it kept telling me to wait for the account to be authorized.  Secondly do you have to go over to the security page and create keys for each vpm?
Fablio2
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July 14, 2013, 08:27:22 PM
 #2018

Generation of block's is ~5 sec. Why?Huh They must be generated every ~60 sec.
jpmi1
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July 14, 2013, 08:27:31 PM
 #2019

I have tried using their pool and get around 4000pps with their miner currently

YinCoin YangCoin ☯☯ RELAUNCH First Ever POS/POW Alternator! Multipool! ☯ ☯ https://poloniex.com/exchange/btc_yin
XPM:AeuQPMAGRLyWbWkVgAtE4JcfSyGHATUkmG
DTC:D9mwyQo9xPAPWCtKYhthnX2uSPivcjKyLN
pgbit
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July 14, 2013, 08:28:58 PM
 #2020

so im out the rest is yours Wink



I thought I read 600 coins, not blocks

Edit: Nevermind...600 Blocks not coins
I misread this too as coins, that's about 10k coins...

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