[ANN] [SPOT] | SUCCESSFUL FORK COMPLETE - On CoinPayments.net/Cryptsy/Coins-e

[NUFCrichard]

This calcs just little simplified. Because on spots we have (multi)pools too - reward shared across miners on this pools too. Therefore, in a first approximation, all things is about the way it is.
And we still have 3 or 4 groups that accumulated about a third to a half of all coins. Do you think they will just sell for nothing and take losses? No

Is that how it works now? If I mine or buy lots of any coin, as long as I won't sell cheap the price will definely go up? No buyers required and no miners want to cover their costs anymore...?

[1715109671]

1715109671

[1715109671]

1715109671

[1715109671]

1715109671

[1715109671]

1715109671

[1715109671]

1715109671

[1715109671]

1715109671

[Desten]

NUFCrichard, buyers are needed clearly. "Smart money" now just dumps and buy scaremongers if they can. After some time (as i said month or two or maybe more) they will do what needed to attract buyers.. This coin is really "long-time investment", not so fast as lot of other coins. And considering total planned population and planned coins/day rate - now price is 6000-50000x lower than doge.
PS: about "buy lots of any coin". Did you was at cryptsy, when MEM-boom occured? I and my partners was floor-buyers. We spent about 1.2k LTC into mem's. Partially we sold at triple price that we bought - 16000-18000 memetoshis.. When i understood what's happening (monopolization) i cancelled orders at 20000-25000 and saved only 20% of all our memecoins. And converted to ltc's at 80000.. but monopolizator was very angry and raised price to much higher points. At that high prices mem's was a lot of time and only 1% of mems was needed for monopolizator to sold to compensate all his investments. But he sold much more then dumped hard to buy back for none and make another coins. Just for example.

[fearisfearless]

Network hashrate @ 4.11 Mh/s?....laughable!!!!!  So is this coin dead yet?

[thanksbitcoin]

Well, there are 80 blocks left before the hard fork kicks in.

[nuttynoah]

Well, there are 80 blocks left before the hard fork kicks in.

Make that 63 blocks to go. 

Sure is a lonely life mining this coin right now.  Is it just 2 of us, with probably the slowest KH/s too.

[iGotSpots]

You're not alone! I'm still solo

[TmottaDing]

Only 1 sentiment.......Ha theif!

[draceus]

Im still mining, but pulled half my power away from spots for now, I bet I will regret it!

[djmuk]

OK putting 1Mh/s onto it overnight - will see what diff & block count is like in the morning...

(3uu... on dedicatedpool)

[Desten]

Im still mining, but pulled half my power away from spots for now, I bet I will regret it!

You will regret that you pulled 1/2 away or you will regret that you leave 1/2?.

[djmuk]

whaaat - nothing for 6 hours then 8 block in 10 minutes?? Where did all that hashrate come from, and where has it all gone again...

[djmuk]

perhaps we should do a deliberate fork? Set up a pool that the diff hoppers don't know about, mine on that with the wallet unsynced - the diff should drop off so we get consistent (~1min) block times with a consistent hash rate, then we have the longest chain once we resync... Just bar any userid that mines for <10minutes?

[iGotSpots]

perhaps we should do a deliberate fork? Set up a pool that the diff hoppers don't know about, mine on that with the wallet unsynced - the diff should drop off so we get consistent (~1min) block times with a consistent hash rate, then we have the longest chain once we resync... Just bar any userid that mines for <10minutes?

Go ahead. Those coins would be useless though since all the exchanges and everything else would be on a different fork

[Desten]

iGotSpots, any positive news? Services, sites? Plans?

[djmuk]

perhaps we should do a deliberate fork? Set up a pool that the diff hoppers don't know about, mine on that with the wallet unsynced - the diff should drop off so we get consistent (~1min) block times with a consistent hash rate, then we have the longest chain once we resync... Just bar any userid that mines for <10minutes?

Go ahead. Those coins would be useless though since all the exchanges and everything else would be on a different fork

I thought in the event of a fork the longest block chain won, so a chain that has been generating blocks every minute will win out over one where the difficulty gets spiked and so the block generation slows right down... Basis of the 51% attack - generate a 'false' block chain faster than the 'real' one...

[thanksbitcoin]

Seems like the ETA of Feb 13th was a good guess. 13 blocks to go

[SWKineo]

perhaps we should do a deliberate fork? Set up a pool that the diff hoppers don't know about, mine on that with the wallet unsynced - the diff should drop off so we get consistent (~1min) block times with a consistent hash rate, then we have the longest chain once we resync... Just bar any userid that mines for <10minutes?

Go ahead. Those coins would be useless though since all the exchanges and everything else would be on a different fork

I thought in the event of a fork the longest block chain won, so a chain that has been generating blocks every minute will win out over one where the difficulty gets spiked and so the block generation slows right down... Basis of the 51% attack - generate a 'false' block chain faster than the 'real' one...

Since nobody's replied yet, I'll try to answer this with my somewhat limited knowledge (so don't take my word for it).

As far as I understand, clients are hardwired to use a certain block chain for a certain set of blocks, which is why hard forks require a new client. A 51% attack generates false blocks on the current chain, rather than creating a whole new one.

[djmuk]

How many people are actually mining at the moment?
Would it make more sense for us to all use one pool - then we might get this block (78992) solved... it should have gone by now - even solo I should have solved a 3.8 diff in 3-4 hours...

[djmuk]

I don't feel so lonely - someone else is on the pool...

[Desten]

Nine blocks to nobody knows what to.
iGotSpots?