[ANN][GOA] GoaCoin - new Wallet 0.12.2.2, POW, Masternodes, NeoScrypt

Quote from: BOSS2220 on February 16, 2018, 07:06:10 PM

Quote from: Ierusalim on February 16, 2018, 06:38:04 PM

NOW REWARD FOR MN - 15 COINS!!! CONGRATULATIONS!!! Wink

And 5 coin to miners...Miners give demand to coins, miners will leave the coin if the rate does not grow to 90000 Satoshi minimum. The next 3-4 months we will not see a coin on cryptopia. I mined the coin for 2 months, got about 400 coins in total and now I'm starting to look for an alternative, mining GOA is not profitable now! If you think that now people will start buying up coins for masternodes then you are deeply mistaken. Many people suffered losses from NeoScrypt Masternodes and GOA is no exception. Courses fly to the bottom, confidence in this algorithm becomes less, just see CroudCoin. The future will put everything in its place, but the miners are people who give a push to the coin and should not abandon them!

TLDR: The current distribution model won't sink this ship. Real and tangible business results and currency integration could make this ship sail around the world.

Sorry but you are only partially correct and it is important to consider the whole package. So, lets consider key aspects: 1) Network stability, 2) Coin Loyalty, 3) and most importantly business value.

1. Even with the current decrease to mining reward the network hash is stable above 4 Gh/s which would be equivalent to more than 400 6xGPU rigs. And, the daily profit potential pull of this hash power for an average GPU rig is still competitive with other coins in the hi 20 to 30 USD range daily which more than covers electricity in most places. On top of all that there are 348 (and more every day) master nodes further assuring network and price stability.

2. The network hash and masternode population should be viewed as key indicators that coin loyalty exists and provide a stable base for this project.

3. Business value is truly the most important and often understated aspect of all coins on the market. Consider the King, Bitcoin. Bitcoin has endless infrastructure such as real ATMs, banks, regulated exchanges, and BIG name online stores (New Egg, Overstock, Expedia, DishNetwork Satellite TV,) that add utility to bitcoin. Now, this is where Goacoin needs to improve and this is what potentially makes this coin a ticking time bomb. This is why there is still 4Gh/s network hash and 348+ masternodes. If there is valid business growth and it doesn't even have to be on the same magnitude of bitcoin, then this coin can continue to grow and prove a tangible value that will further reward miners and masternode holders. This coin that is being mined profitably at $25-30 today could go up in value. Miners that hold these coins or, even better, invest these coins into a masternode or shared masternode could then realize that instead of $25-30 daily they were actually getting $100 per day simply because they didn't sell on a whim.

And... don't forget the beauty of masternodes... They are like HERPES! The gift that keeps on giving! Now, this is VERY IMPORTANT: Let's say mining difficulty stays as it is and an average 6 GPU rig pulls in 8 coins daily and then does this for 2 weeks. 14x8=112 or 11.2 percent of a masternode. We can easily go to a shared masternode service and start getting 11.2% daily and forever on a shared MN. From there we could either continue mining Goacoin OR go mine something else and still get around $9 per day from the masternode for doing nothing! BRILLIANT!

TLDR: The current distribution model won't sink this ship. Real and tangible business results and currency integration could make this ship sail around the world.