[ANN] [QRK] Quark | Core 0.10 upgrade

[Robert Lewandowski]

Where does rubbish like DOGE come up in  the top 5 cryptos?

Many many many pumpers pumping very hard, very smart, dogecoin scamcoin. Basically all the anti-QRK people jumped onboard this coin and continue to exploit poor investors.

Doge is a fun coin with a fun community, it's a joke but it could be what we need for the mainstream to enter the crypto world.

So what you are saying is that a "joke" has a  (currently) three times greater market cap than Quark... hmm.

Realize that by "joke" im not bashing Doge, i could have easily used Viral meme. It's a fun coin to trade and has a great community

[1714001449]

1714001449

[1714001449]

1714001449

[1714001449]

1714001449

[1714001449]

1714001449

[1714001449]

1714001449

[1714001449]

1714001449

[Lucky - Luciano]

why is quark dropping again?

I think quark needs more publicity cause it feels like it lives in the shadow of the new and big coins.  

I can take a guess and it is bothersome. I am running an AMD FX8350 processor. Not running it real hot yet, maybe at 500khs, as I'm waiting for the CPU cooler to come. (Then it will be at 800)
Anyway, I'm generating about 1 QRK a day, which is around 3 bucks a month in USD and the electricity to generate those coins, here in Germany, is probably 5-10 EUROS. Just an estimate.
I think that is a problem in a few ways:
1 - Those with a free CPU to mine coins might choose one with a better return.
2 - It is expensive no matter how you look at it.

If my math is off correct me. I'm long Quark and a Quark holder but we need a higher price to keep the miners going, at least in some locals.

IAS

It took you a while , but you finally figured out what I was telling people 20 pages ago..
With such a small reward per block nobody will mine this coin after the next two reward drops (to 1).
Only the botnets.

Well, it is not exactly a criticism though. The price is just too low (unfortunately). It is in a precarious place for sure.
But, if the price doubles from here, roughly .20 QRK, then we are ok again.
Hopefully these Cryptos start another move.

But regarding your point - "With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). "
We will see. I still think the network will be supported, but the mining model at this price point doesn't work, for sure.
Not a long term model but I will hang out and see what happens and support the network with 500kh/s.

And remember, there will still be around 1,000,000 coins a year mined - so that should EASILY support the network (profit there).
One more interesting thing - Mining is a hobby of sorts and done for more than money. Look at BTC, except for the first miners,
buying BTC is ALWAYS better than mining it. I see that as being the same with other Cryptos most of the time.

IAS

At current price that's 78 000$.
Hmm , even running a pool with 1% fee  that's 780$/year and 65$ month and isn't quite attractive.
So , how many computers can you power 24/7/ with 78 000 /year?
Do the math , but the answer... you might be better not finding out.

Quark will have enough support to be mined without miners thinking about profit for a while. We proposed a wallet that would automatically mine using a small percentage of your CPU so everyone with a wallet would be contributing to mining and thus confirmations.

To use a small percentage of the cpu you still need the computer to run (24/7)...and power consumption comes not only from the cpu.
An ATI 3850 consumes more power when idle than a core2duo.

  Intel® Atom processor C2758, SoC, FCBGA 1283, 20W 8-Core - super-saving CPU, integrated on the motherboard, consumes only 20 W.

[SpongebobCoinpants]

interested

[RetroactiveSmurf]

Quark is about to go to the moon!

[Its About Sharing]

why is quark dropping again?

I think quark needs more publicity cause it feels like it lives in the shadow of the new and big coins.  

I can take a guess and it is bothersome. I am running an AMD FX8350 processor. Not running it real hot yet, maybe at 500khs, as I'm waiting for the CPU cooler to come. (Then it will be at 800)
Anyway, I'm generating about 1 QRK a day, which is around 3 bucks a month in USD and the electricity to generate those coins, here in Germany, is probably 5-10 EUROS. Just an estimate.
I think that is a problem in a few ways:
1 - Those with a free CPU to mine coins might choose one with a better return.
2 - It is expensive no matter how you look at it.

If my math is off correct me. I'm long Quark and a Quark holder but we need a higher price to keep the miners going, at least in some locals.

IAS

It took you a while , but you finally figured out what I was telling people 20 pages ago..
With such a small reward per block nobody will mine this coin after the next two reward drops (to 1).
Only the botnets.

Well, it is not exactly a criticism though. The price is just too low (unfortunately). It is in a precarious place for sure.
But, if the price doubles from here, roughly .20 QRK, then we are ok again.
Hopefully these Cryptos start another move.

But regarding your point - "With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). "
We will see. I still think the network will be supported, but the mining model at this price point doesn't work, for sure.
Not a long term model but I will hang out and see what happens and support the network with 500kh/s.

And remember, there will still be around 1,000,000 coins a year mined - so that should EASILY support the network (profit there).
One more interesting thing - Mining is a hobby of sorts and done for more than money. Look at BTC, except for the first miners,
buying BTC is ALWAYS better than mining it. I see that as being the same with other Cryptos most of the time.

IAS

At current price that's 78 000$.
Hmm , even running a pool with 1% fee  that's 780$/year and 65$ month and isn't quite attractive.
So , how many computers can you power 24/7/ with 78 000 /year?
Do the math , but the answer... you might be better not finding out.

I'm in Germany, some of the highest energy costs I know of. I pay .30 kw/h.
Now, there are MANY people that pay .10-.15 kw/h - that right there is break even to profit. And, as others have said, there are MUCH more efficient processors than my FX8350 (not efficient).
And then there are a few with near free energy (work, certain countries, etc.)

If you focus on why something won't work, that is what you will find. And vice versa.
So, perhaps just open your perspective a bit, see both sides.  

[ycagel]

News of Quark being added to another exchange!

http://www.reddit.com/r/QuarkCoin/comments/1w5ap3/vault_of_satoshi_to_start_trading_quark_next/

Best,
YC

[JoeTheBitcoin]

Huge Quark increase coming soon.

[QuantumLeaps]

Quark is making a comeback! Go Quark!

[JerrySeinfeld]

Exciting times for Quark!

[solidshotnosh]

All three of those last posts are suspiciously similar and all from new accounts

[professorY]

All three of those last posts are suspiciously similar and all from new accounts

Somebody's breaking out the sockpuppets...

[ILikeItWhenYouCallMeBig]

Quark really does seem to be gaining momentum.  I'm definitely going to increase my stash.

[sparta_cuss]

"Hey, why is everybody talking about Quark?"

"Oh, because everyone else is talking about Quark."

[forzendiablo]

how come QRK processing of payments work if nobody mines it?

[Fiku]

how come QRK processing of payments work if nobody mines it?

Because there will always be a number of people mining it... if everyone stopped right now, the difficult would go sharply down and then there would be high incentive to mine again.

[EpStROM]

Lets buy Quark while it's cheap 

[STT]

Because there will always be a number of people mining it... if everyone stopped right now, the difficult would go sharply down and then there would be high incentive to mine again.

They'll always get mining fees also I guess

[Netnox]

Quark is doing better than i thought lately. It's community is improving more and more http://www.reddit.com/r/QuarkCoin/.

This introduction video is just so well made http://www.youtube.com/watch?v=vb8si58DW9Y.

[forzendiablo]

so this coin is not fully minned yet?

[stompix]

why is quark dropping again?

I think quark needs more publicity cause it feels like it lives in the shadow of the new and big coins.  

I can take a guess and it is bothersome. I am running an AMD FX8350 processor. Not running it real hot yet, maybe at 500khs, as I'm waiting for the CPU cooler to come. (Then it will be at 800)
Anyway, I'm generating about 1 QRK a day, which is around 3 bucks a month in USD and the electricity to generate those coins, here in Germany, is probably 5-10 EUROS. Just an estimate.
I think that is a problem in a few ways:
1 - Those with a free CPU to mine coins might choose one with a better return.
2 - It is expensive no matter how you look at it.

If my math is off correct me. I'm long Quark and a Quark holder but we need a higher price to keep the miners going, at least in some locals.

IAS

It took you a while , but you finally figured out what I was telling people 20 pages ago..
With such a small reward per block nobody will mine this coin after the next two reward drops (to 1).
Only the botnets.

Well, it is not exactly a criticism though. The price is just too low (unfortunately). It is in a precarious place for sure.
But, if the price doubles from here, roughly .20 QRK, then we are ok again.
Hopefully these Cryptos start another move.

But regarding your point - "With such a small reward per block nobody will mine this coin after the next two reward drops (to 1). "
We will see. I still think the network will be supported, but the mining model at this price point doesn't work, for sure.
Not a long term model but I will hang out and see what happens and support the network with 500kh/s.

And remember, there will still be around 1,000,000 coins a year mined - so that should EASILY support the network (profit there).
One more interesting thing - Mining is a hobby of sorts and done for more than money. Look at BTC, except for the first miners,
buying BTC is ALWAYS better than mining it. I see that as being the same with other Cryptos most of the time.

IAS

At current price that's 78 000$.
Hmm , even running a pool with 1% fee  that's 780$/year and 65$ month and isn't quite attractive.
So , how many computers can you power 24/7/ with 78 000 /year?
Do the math , but the answer... you might be better not finding out.

Quark will have enough support to be mined without miners thinking about profit for a while. We proposed a wallet that would automatically mine using a small percentage of your CPU so everyone with a wallet would be contributing to mining and thus confirmations.

To use a small percentage of the cpu you still need the computer to run (24/7)...and power consumption comes not only from the cpu.
An ATI 3850 consumes more power when idle than a core2duo.

  Intel® Atom processor C2758, SoC, FCBGA 1283, 20W 8-Core - super-saving CPU, integrated on the motherboard, consumes only 20 W.

For people who can't afford an extra 15$ per month... you offer the solution... buy a 500$ new computer.
I see a problem with this , do you?