[NSFW] Official Sexcoin Thread - New MANDATORY upgrade: KGW Timewarp attack FIX

[fendlestick]

Ah you know digger he don't beat around the bush, he goes though it, up-roots it and then sets it on fire 

[LittleDigger]

EXC.. A very bad, completely useless coin with a very good completely devoted dev.. I can't wait to see how much hash it gets when the coins run out and he tries to keep it alive with one rig.. I could probably 51% it with my spare parts rig when that happens... Of course one node hashing and maybe two more at exchanges is all it talkes to keep a network alive   ... It's interesting as an experiment, I guess.... (Don't get me started, it represents all that is evil in crypto)

A little bit harsh, not that I disagree, but I believe he clearly stated he was doing this as a test to kinda see what happens in a nutshell.

Ahhhh.. well I guess anybody buying it using what amounts to real money will forgive him, because he said it was a test... and yes I am being harsh, also I get it wrong, say things I regret, and am biased or unfair on occasion although I try not to be.. part of the human condition I guess.. Thanks for pointing that out though.. It's a really bad look to go trashing others peoples coins anyway, means that you rather tear down somebody's elses work, than build on the work you are doing.. I really should pull my head in..

And I like Capt Chad .. It's just that something about that coin pushs my buttons... Makes me a little crazy, ya know ?  

[fendlestick]

Isn't it from the same person who did BQC? Really that coin could use some love, if that time on EXC was spent progressing BQC, I don't know, have a BQC sponsored BBQ with a banner and do some twitter pic's and facebook stuff, the issue isn't with experimenting I think per se, just that the trend is to just clone coins and beg for exchanges.

Below Not realted to EXC or BQC

If dev's spent as much time on one coin instead of flooding clones maybe we would see some actual utility, get a credit card and open a store, a proper store, it takes weeks or months of hard work (oh I just answered my own question)...

p.s I also like Capt Chad, he is a really nice guy and I hope he does well.

[lavajumper]

Yeap, We knew .. you were pushing around 6MH.. One of the great things about having to struggle rescueing a coin is at the start you really appreciate every single miner you have, and you take a real interest in what your network is doing, who is joining it, and who exploits it at the start.. Watching it becomes a habit.. You'd be surprised at how much attention is paid to it.

The double spike to around 170 MH is interesting.. we were the most profitable coin, and the auto switching just started to hit, when digicoin became most profitable. Our difficulty went to 0.50 and our regular miners stayed willing to crunch through those blocks, but then we hit the top of the list and that finished us off..

The other interesting thing is if you look closely ( and it's more apparent over a longer term graph) after every spike, fewer and fewer regular miners are willing to do another crunch fest, so the hashrate drops further every time, and it takes longer to hit a retarget every time.

We haven't fully discussed it, but as a coin built for commerce, both autodumping and automining is damaging.. One slows the network to a crawl, the other drops the price regardless of the actual value of the coin.. Merchants and their customers would have to wait forever for a transaction to go through, and then merchants would find they have made a big loss.. We have to overcome these problems to be a serious coin, though for well established coins, the effects aren't as severe...

I don't know what other devs are doing about the problem, or even if it concerns them.. some of them have probably already dumped their premine/instamine at cryptsy and released their next coin...

 
 

That graph tells an interesting story and nicely illustrates a growing prblem.  The tapering of dedication after each hit is an excellent observation! and shows show this type of activity slowly eats away a coin until well, your stuck at 22 diff like extreme coin with little chance of a quick recovery.

Well, the cats out of the bag: http://lavapit.lavajumper.com/netstats.php

The last graph is dynamically generated, so you can see the state of the network hashrate at any given refresh.
There is a lot of information that is VERY important on those graphs. I'm working on more.

Observations/opinions/insights are encouraged!

[lavajumper]

OK..... for better or worse....
https://bitcointalk.org/index.php?topic=246679.msg3207376#msg3207376

Not sure how to react to this one. 

[fendlestick]

Thanks cryptsy for your support of our coin, looking forward to a long and mutually beneficial relationship!

[BitJohn]

Welcome Sexcoin traders and miners to the cryptsy family of coins!

[loveys]

good news!

[fendlestick]

After you update check out this for latest service from SXC https://bitcointalk.org/index.php?topic=299182.0

[fendlestick]

curtesy of the cryptsy chat box I think this song sums up this coin in around 3.5 minutes, thoughts?  

https://soundcloud.com/borgore/ice-cream

[LittleDigger]

Attention Traders

After doing some rough calculations:
The lowest asking price on cryptsy is 0.00002
The highest Bidding price is 0.00001

The PhenixEX lowest asking price is roughly in line with the highest bidding price on cryptsy.
The CoinEX asking price starts at  0.000006

You might want to review your trades, if you are selling SXC.

Normally I would snap up the CoinEX coins quietly, but I am unable to move my funds out of PhenixEX, it's been about a week I've been waiting to withdraw my BTC. I'd say that as we are most of the volume of PhenixEX, Cryptsy is moving in to kill off their volume, as well as having to recognise SXC as a serious altcoin any worthy of addition to their LTC market. Of course moving BTC to LTC then SXC is a bit of a PITA, so the volume on the exchanges that have already had the foresight to list us against BTC may be mitigated somewhat..

[LittleDigger]

Hmm cryptsy seems to be trading about the same as phenixex... interesting to see where it goes from here..

[Spoetnik]

THANK YOU for your comment on "autodumping and automining" earlier !

your insight is spot on i think and something needs to be done..

unlike some other coins i see nothing whatsoever sketchy about your coin.
you had before and you will continue to have my support

best of luck with your goals and congrats on the cryptsy addition too
i hoped it would go on there but was told ages ago it's highly unlikely more than once lol
i guess someone changed their mind for some reason..

[Timelord2067]

Perhaps instead of listing this coin with exchanges is to bypass them entirely and sell the SXC direct to people who are referred from a SXC affiliated website - Buyer then uses the coins for services rendered, the SXC/PayPal exchange then buys back the coins to then re-sell to new consumers.  

You would not believe how much discussion there was among both the dev team and on this thread about that exact strategy. It is actually our preferred present strategy.  (blah)

IMHO, the best thing for the coin right now is exactly the kind of thing you have suggested. We need more conduits like this.

The Dev team is continuing to work on improvements to the client, not that a client alone will make the coin successful, but the client can add features which give it more utility. The more utility we can build into the client, the more adaptable/enticing it can be to merchants/users.

Everyone...keep the suggestions coming!!! (more blah)

OK, I've had a bit more of a think about this, each miner contributes a share of 1,000 SXC into a 'syndicate' (ie I contribute 5,000 SXC I have five shares, some-one else contributes 347,000 SXC they have 347 shares) - Affiliate sites refer customers to the SXC (Syndicate) exchange where the customer buys a number of SXC ( 'n'SXC )

The customer buys services with the 'n'SXC - at the end of the billing cycle (daily/weekly/monthly) the affiliate sells the SXC back to the SXC Exchange for a discounted price ('n'SXC - x%)  The remaining amount is paid out to the share holders in the syndicate as a dividend

Naturally if an Affiliate offers more SXC back to the exchange than the exchange has cash on hand there could be problems, however, a get around could be a token given by the affiliate when referring the customer to the SXC Exchange .

Like I said originally, it's a little bit of a closed system as we're only dealing with one digital coin - naturally, a syndicate share holder can 'buy' more shares by contributing more shares at 1,000 SXC pershare & can leave by withdrawing their share at anytime.

I wouldn't want to go lower than 1 share = 1,000 SXC - Miner's who frequent this discussion (we know who we are could be invited with a token like the Zombie / Lavapit invite or something similar.

Anyways, thanks for reading this.

[LittleDigger]

well it seems we've mostly got strong hands holding SXC, they just ain't selling cheap. The network is at 76 M/H and thats not flash mining thats new miners coming in.. I'm thinking of paying for a press release by http://bitcoinprbuzz.com/ in a few days, and in 250 blocks we will hit the hardfork, have our "standard" desync fix, and our difficulty retarget will be at every 30 Blocks..

It's all happening...

[lavajumper]

CrunchCrunchCrunch.... 140 to go.

[rlhead7173]

Wow! A lot has happened in the last 24 hours. Taking the coin off CoinChoose, for now at least, was a good call. The hash-rate graphs pretty much speak for themselves. I think being on Cryptsy is certainly a good thing. I was quickly losing confidence in PhenixEx.com’s willingness to communicate with their clients.  I understand being in beta but the communication coming out of that site is crap. Anyway, I like were this coin is headed. This is great!

[lavajumper]

Things that suck about RL....

I have obligations today that won't let me watch the switchover.
I am very confident that it will go smoothly.

IF anything should go wrong, I'll be on later this afternoon to react to it.

[LittleDigger]

11 blocks to go... I'll watch the switchover... if anything goes wrong, I'll panic for you

[LittleDigger]

and we are through.. still hashing away... give that man a cigar  

EDIT Nope, we dropped about 4MH off the network... Un-upgraded Solo Miner ?
Edit Dropped 16MH... down to 88MH..