[ANN] [QRK] Quark | Core 0.10 upgrade

[JuanHungLo]

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.

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[Netnox]

Transactions times   

[samson]

I noticed that 0.6% of the Quark addresses hold 74% of all the QRK.

That's 182 Million Quark owned by 0.6% of the Quark addresses.

3 addresses have 20% between them !

Source : http://bitinfocharts.com/top-100-richest-quarkcoin-addresses.html




Does this mean it's a pump and dump coin ?

I think we're just waiting for the dump

[Hilux74]

I noticed that 0.6% of the Quark addresses hold 74% of all the QRK.

That's 182 Million Quark owned by 0.6% of the Quark addresses.

3 addresses have 20% between them !

Source : http://bitinfocharts.com/top-100-richest-quarkcoin-addresses.html




Does this mean it's a pump and dump coin ?

I think we're just waiting for the dump

Actually means you can't read a chart or do math.

[GreenWins]

I noticed that 0.6% of the Quark addresses hold 74% of all the QRK.

That's 182 Million Quark owned by 0.6% of the Quark addresses.

3 addresses have 20% between them !

Source : http://bitinfocharts.com/top-100-richest-quarkcoin-addresses.html




Does this mean it's a pump and dump coin ?

I think we're just waiting for the dump

I made a little thing for you.

[GentleBanana]

Code:

https://i.imgur.com/xZ0MIyz.jpg

BTC: 0.51% of wallets have 68% of all BTC between them
LTC: 0.69% have 77% of all LTC between them
DOGE: 0.88% of wallets have 70% of all DOGE between them
PPC (not in pic): 0.17% of wallets have 42% of all PPC between them

i guess everythings just a pump and dump then

better start licking canine testicles before its too late

[samson]

Code:

https://i.imgur.com/xZ0MIyz.jpg

BTC: 0.51% of wallets have 68% of all BTC between them
LTC: 0.69% have 77% of all LTC between them
DOGE: 0.88% of wallets have 70% of all DOGE between them
PPC (not in pic): 0.17% of wallets have 42% of all PPC between them

i guess everythings just a pump and dump then

better start licking canine testicles before its too late

A good point, there's a lot of shitcoins around these days.

The only reason BTC is any different to the other above named shitcoins is because it was the first and for all they knew it would come to nothing.

[mbenga]

Code:

https://i.imgur.com/xZ0MIyz.jpg

BTC: 0.51% of wallets have 68% of all BTC between them
LTC: 0.69% have 77% of all LTC between them
DOGE: 0.88% of wallets have 70% of all DOGE between them
PPC (not in pic): 0.17% of wallets have 42% of all PPC between them

i guess everythings just a pump and dump then

better start licking canine testicles before its too late

i suppose some of these accounts belongs to exchangers

[Majormax]

Code:

https://i.imgur.com/xZ0MIyz.jpg

BTC: 0.51% of wallets have 68% of all BTC between them
LTC: 0.69% have 77% of all LTC between them
DOGE: 0.88% of wallets have 70% of all DOGE between them
PPC (not in pic): 0.17% of wallets have 42% of all PPC between them

i guess everythings just a pump and dump then

better start licking canine testicles before its too late

i suppose some of these accounts belongs to exchangers

Some are exchanges, some are influential individuals and businesses. I am reassured to see this concentration: At least there is someone to lead , with the resources to promote the coin.

[skaffen]

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.

If you read this, which helps to understand why doge is higher in value.  It's the speculation on future prices.  From http://dealbook.nytimes.com/2014/01/21/why-bitcoin-matters/ on bitcoin:

Bitcoin is a digital currency, whose value is based directly on two things: use of the payment system today – volume and velocity of payments running through the ledger – and speculation on future use of the payment system.

Quark's price went up late last year because of this speculation.  I think we need to ditch the conspiracy theories, it's quite simple why QRK has dropped so much in value.  It's price has gone down, I believe, because of the two things from the quote.  

1. There hasn't been any news of anyone actually using Quark as a payment system (or only tiny examples).
2. There are other coins to speculate on, which appear to hold more promise, for example doge, because of the 'reddit effect'.

We need to actually start using QRK as a payment system, if it's value is to rise.  That means encouraging people to use it, and also giving people reason to trust it as a currency.

[ycagel]

More reason why you should continue to buy at these levels. Check this:

http://forum.qrk.cc/thread/1618/trying-gauge-market

Thanks,
YC

[jpharneyllc]

We need to actually start using QRK as a payment system, if it's value is to rise.  That means encouraging people to use it, and also giving people reason to trust it as a currency.

Agreed! People need to head over to the Foundation and see the progress they are making on the Mobile Wallet Application.
Raising pledges and actively looking for a developer.
http://quarkfoundation.cc/forum/viewtopic.php?f=55&t=118

[Netnox]

Soon Quarklist will come out, same as Craiglist and also a mobile application wallet.

[stompix]

We need to actually start using QRK as a payment system, if it's value is to rise.  That means encouraging people to use it, and also giving people reason to trust it as a currency.

Agreed! People need to head over to the Foundation and see the progress they are making on the Mobile Wallet Application.
Raising pledges and actively looking for a developer.
http://quarkfoundation.cc/forum/viewtopic.php?f=55&t=118

Like http://www.quarkpayments.com/ ?
One big fuss... wow quark payments it's cumming ....one big counter... pump the coin.. we have a quark payment solution and then ..nothing  even one month after the counter reached 0?

[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.

[Silverblade7]

hmm i am new to quark coin, i used to mine litecoin on my crappy GPU, got 0.76 LTC in 3 months.
if its not a problem can some1 done few quarks to me?  there are many coins already mined right.

QWLK5QrxVS32hHXWRMjn81ZBqmVDbdr93a

[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

[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.

[Zzzack]

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.

[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.