Hydroponica
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Activity: 182
Merit: 100
fml
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September 12, 2013, 04:45:41 PM |
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What do you guys think will happen to the price after the next halving?
It will have to double, for the coin to stay alive. No, it does not need to double, but it will go up, probably with a slight lag after the halving to account for diminished supply. Also, those, who see it, have already started buying, so the price is edging upwards. Well, at 500 Block reward, the profitability floats around 100%. If reward halves, and price does not double, profitability will float around 50%, and noone will mine it. So, the price HAS to double, for the coin to stay alive. This isn't complicated. What happened when the block split from 1000? It wasn't on an exchange, when that happened In other words, people were mining prior to an exchange? With a higher reward rate? And continued to mine in greater abundance after the halving? Hm. Hashrate has greatly decreased. If reward halves, and value does not double, due to the per block diff adjustment, Hashrate with halve as well, for it to remain @ 100% profitability. And each time reward halves, if value does not increase, Hashrate will half as well. So, as reward drops, so will hashrate, and coin will fizzleout and die. Do I need to drawe you a picture? |
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NorbyTheGeek
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September 12, 2013, 05:05:16 PM |
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What do you guys think will happen to the price after the next halving?
It will have to double, for the coin to stay alive. No, it does not need to double, but it will go up, probably with a slight lag after the halving to account for diminished supply. Also, those, who see it, have already started buying, so the price is edging upwards. Well, at 500 Block reward, the profitability floats around 100%. If reward halves, and price does not double, profitability will float around 50%, and noone will mine it. So, the price HAS to double, for the coin to stay alive. This isn't complicated. What happened when the block split from 1000? It wasn't on an exchange, when that happened In other words, people were mining prior to an exchange? With a higher reward rate? And continued to mine in greater abundance after the halving? Hm. Hashrate has greatly decreased. If reward halves, and value does not double, due to the per block diff adjustment, Hashrate with halve as well, for it to remain @ 100% profitability. And each time reward halves, if value does not increase, Hashrate will half as well. So, as reward drops, so will hashrate, and coin will fizzleout and die. Do I need to drawe you a picture? I think the probability of a coin fizzling and dying is much less dependent on block rewards and hashrate as whether or not the coin is used, traded, etc. If there's no practical use for a coin, it will eventually die. The more use there is, the more people will want it. As long as there is demand for the coin, people will mine it, and hashrate and difficulty will compensate for the rewards. |
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Nemo1024
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Activity: 1680
Merit: 1014
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September 12, 2013, 07:47:44 PM |
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I think I've painted myself into a corner. I created the address ( http://bit.usr.sh:2750/address/Za5W5jHtjiv1bpVrU8cETBNH9u5qGGkYqC) for My Durrell Wildlife Conservation Fund-raising in the same QT client as my main Zetacoin address. I thought I could move funds from my main address, not touching the Durrell address. I use Blockchain.info for BTC and that is an option there. Not in the QT client. I cannot say which address to use when transferring funds. The only work-around I can see now is to install the QT client on another of my machines and use it explicitly for Durrell charity, transferring the so-far accumulated funds to the new address and retiring the current one. Any other suggestions for practical wallet.dat management for ZET? |
“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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bob131313
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September 12, 2013, 07:50:19 PM |
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I think I've painted myself into a corner. I created the address ( http://bit.usr.sh:2750/address/Za5W5jHtjiv1bpVrU8cETBNH9u5qGGkYqC) for My Durrell Wildlife Conservation Fund-raising in the same QT client as my main Zetacoin address. I thought I could move funds from my main address, not touching the Durrell address. I use Blockchain.info for BTC and that is an option there. Not in the QT client. I cannot say which address to use when transferring funds. The only work-around I can see now is to install the QT client on another of my machines and use it explicitly for Durrell charity, transferring the so-far accumulated funds to the new address and retiring the current one. Any other suggestions for practical wallet.dat management for ZET? For the different projects/raffles I like to rename wallet.dat and load the client with a new wallet.dat. I then use that one specifically so all the history is in one place and when the project/raffle is over I can rename the wallet and store it in a safe place. HTH |
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Nemo1024
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Activity: 1680
Merit: 1014
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September 12, 2013, 08:05:05 PM |
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That could work, but in my case, I am solo-mining to that wallet, use it to transfer funds to and from Cryptsy, as well as (now) having this charity drive with no definite end date.
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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thefunkybits
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Activity: 1218
Merit: 1000
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September 12, 2013, 08:57:19 PM |
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That could work, but in my case, I am solo-mining to that wallet, use it to transfer funds to and from Cryptsy, as well as (now) having this charity drive with no definite end date.
Create a different address and Label it...then export the private key of each address to a separate wallet when need be. Its also possible to check the balance of each individual address inside the wallet at anytime |
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Nemo1024
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Activity: 1680
Merit: 1014
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September 13, 2013, 07:51:54 AM |
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Ok, thanks. Decided to try your suggestion, and move the charity address into a separate wallet.dat, but ran into a snag: I discovered the dumpprivkey and importprivkey commands. These will allow me to copy the address into the new wallet. But how do I delete the address (its private key) from my main wallet?
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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Hydroponica
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Activity: 182
Merit: 100
fml
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September 13, 2013, 07:55:10 AM |
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Use Cryptsy wallet for you main wallet, and use PC wallet, for charity wallet. Why are you over complicating things?
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Nemo1024
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Activity: 1680
Merit: 1014
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September 13, 2013, 08:02:24 AM |
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Because I solo-mine as well. Now, what about my question? Anyone has an answer?  |
“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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elasticband
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Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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September 13, 2013, 08:08:01 AM |
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create wallet for dontaions, publicly post the address to recieve donations.
Remove wallet file and rename - donations.dat
open zeta again and mine to your new wallet.
simple
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thefunkybits
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Activity: 1218
Merit: 1000
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September 13, 2013, 08:20:23 AM |
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Ok, thanks. Decided to try your suggestion, and move the charity address into a separate wallet.dat, but ran into a snag: I discovered the dumpprivkey and importprivkey commands. These will allow me to copy the address into the new wallet. But how do I delete the address (its private key) from my main wallet?
Im not sure if thats possible in bitcoind, which im assuming the client is based off of (I only use cryptsy). With the console function you can dump a list of all the commands so it might be in that list ps... Block halving party anyone??? 160K blocks and counting! |
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Nemo1024
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Activity: 1680
Merit: 1014
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September 13, 2013, 08:22:09 AM
Last edit: September 13, 2013, 11:22:26 AM by Nemo1024 |
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Well, that's what I am inclined to do now. Just hoped to keep the address that I already announced, but seems it's not that easy.
I'll be running two clients from 2 machines - one with donation wallet and the other with my solo mining target and all other day-to-day stuff.
Will make the new donations address announcement once I'm done.
EDIT: After some wallet.dat file juggling and temp address/wallet transfers, I managed to separate the two addresses into two different wallet files. The same donation address can be used.
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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Bakal
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September 13, 2013, 01:26:17 PM |
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^ why? you buying?  |
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Nemo1024
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Activity: 1680
Merit: 1014
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September 13, 2013, 04:48:14 PM |
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Yay! I see 250s started to roll in on my solo-mining setup... Interesting times ahead.
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.”
“We are only as strong as we are united, as weak as we are divided.”
“It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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BitCoiner2012
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September 13, 2013, 08:29:13 PM |
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These were all mined so quickly.
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BTC Long.
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Bakal
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September 14, 2013, 02:47:14 PM |
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someooneessss pressuring prices down. Im pushing it up to 550. but sellers at 529 too strong...Im going to sleep ...too tired. hoping some people put some buy wall above 545...
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Chronikka
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September 14, 2013, 04:28:46 PM |
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Is anybody else concerned about the lack of a price spike after the block halving? It makes me think there are no new buyers in the zet market. So the holders will continue to hold and collect more coins mining, all the while the price/hash power slowly declines over time as people leave the community. 75% of all coins have already been mined...and a market cap of just ~650 BTC...is this coin dying?
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"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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Tsunamirain
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Activity: 210
Merit: 100
Incakoin= Incagold
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September 14, 2013, 05:16:49 PM |
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I do not see any huge dumps so I can't see it dying..
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bob131313
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September 14, 2013, 06:37:59 PM |
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Is anybody else concerned about the lack of a price spike after the block halving? It makes me think there are no new buyers in the zet market. So the holders will continue to hold and collect more coins mining, all the while the price/hash power slowly declines over time as people leave the community. 75% of all coins have already been mined...and a market cap of just ~650 BTC...is this coin dying?
I don't think the coin is dying. We need to get the services in place. If we can get the following in place, this coin should have a bright future. 1. Android/Iphone Wallet - I am porting a wallet I found but have not gotten it working 100%. Have limited time to spend on it of late. 2. Online Website Wallet - I bet 90% of folks holding ZET are using Cryptsy or Coin-ex wallet. 3. Payment gateway for merchants. Anything else I have forgotten? Do we need to offer greater bounties for the services? |
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