[ANN][SBC] From Death Comes Life – The Rebirth of StableCoin - URGENT UPDATE

[zavtra]

Does anybody understand why StableCoin has the absolute highest total volume in USD on crypsty compared to all the other currencies? It has about an 80k trading volume today on there, and I think it has had the highest for a while, and I just don't understand why.

Also, StableCoin's value hasn't updated on coinmarketcap for over a day now. I'm a little confused as to why.

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[dmbf]

Thanks artos, that was a measured and helpful reply, which should help to allay some concerns.

I'd still like to see all clients signed in future though, so that we can verify that we've downloaded the developers code and not some malware that someone other than the developer has managed to replace it with. It's free to use GPG to do this, as well as being more secure than simply using SSL on the download site, which isn't foolproof as explained in the grc.com link I posted earlier.

[Kane49]

Does anybody understand why StableCoin has the absolute highest total volume in USD on crypsty compared to all the other currencies? It has about an 80k trading volume today on there, and I think it has had the highest for a while, and I just don't understand why.

Also, StableCoin's value hasn't updated on coinmarketcap for over a day now. I'm a little confused as to why.

I dont understand the cryptsy sbc market anyway.

The volume being traded is super low like most transactions are less than 100 coins, there are essentially no walls between values and thus every trade has wildly different pricing than the last.

Selling or buying a BTC worth of SBC changes the market completely @_@

[Hazard]

What a 'coincidence' that giant buy walls appear, just as an account that's been inactive for 5 months comes back to spread FUD.

[int3ractivodular]

miningpool.co has been good for me so far; though I don't like the 2% fee. Still, nary a hiccup over the last week.

Yep, it's been nice and stable. 2% is a bit high, but I'll take a slightly larger fee over constant downtime and invalid/rejected shares any day.

[Slimnuts]

That big .29 buywall way way above the going rate a while ago was certainly strange.

[Kane49]

That big .29 buywall way way above the going rate a while ago was certainly strange.

The reason for that is that the sell orders on SBC are super small and in turn volume near the current price is very small.
Like if i wanted to buy 20k SBC i would have to pay 0.00035 which is nearly double the current market price.

Theres only like 20BTC Volume between 0.0001 and 0.0005

[Slimnuts]

That big .29 buywall way way above the going rate a while ago was certainly strange.

The reason for that is that the sell orders on SBC are super small and in turn volume near the current price is very small.
Like if i wanted to buy 20k SBC i would have to pay 0.00035 which is nearly double the current market price.

Theres only like 20BTC Volume between 0.0001 and 0.0005

It seemed to me that people were generating sell orders immediately in response to it though, large ones.  The way the market was acting it seemed that he could have put it in much lower and sell orders would have popped up in response.

[dmbf]

miningpool.co has been good for me so far; though I don't like the 2% fee. Still, nary a hiccup over the last week.

Yep, it's been nice and stable. 2% is a bit high, but I'll take a slightly larger fee over constant downtime and invalid/rejected shares any day.

Strangely I've been seeing a high percentage of rejected shares on miningpool.co but it varies per round (I don't think it shows the total % rejected for all rounds on there, so I can only check the current round from time to time). Certainly on coin-base.org it's always stayed very low for me. I don't know if the rejected shares could be caused in any way by my using --balance or --load-balance though.

2% isn't as bad as PNWMiners 3.5% though or hashco's 2% + 0.1 SBC withdrawal fee. I like to cash out at least once a day, so if I'm making 10 SBC/day on there, that amounts to another 1%, making it 3% in total.

[fitsbach]

AltMiners StableCoin Pool
PPS - VarDiff - Stratum Only - 1% Pool Fees

Hi Folks, we just launched our new StableCoin Pool using:

Pay Per Share Reward System
Variable Difficulty
STRATUM Pro
1% Pool Fees


Register Here:
http://sbc.altminers.com

And Point your favorite mining software here:

Code:

--scrypt  -o stratum+tcp://sbc.altminers.com:4443 -u [i]Weblogin.Worker[/i] -p [i]Worker password[/i]

Happy Mining!
Check out our BossCoin Pool as well on http://bss.altminers.com

Your post said 1%, but your page says 3%. Trying to find a good SBC pool here, hard to do.

Check it again, I think you were on the page at the time I make the modifications (This pool is a Clone of my BossCoin pool with 3% Pool Fee, just changed some details to suit StableCoin better)

[Kane49]

It seemed to me that people were generating sell orders immediately in response to it though, large ones.  The way the market was acting it seemed that he could have put it in much lower and sell orders would have popped up in response.

It wasn't really immediately, it took a while for the order to be filled completely.
I assume most people are like me and bought at 0.0003 but were too greedy to sell at 0.0005 yesterday, the big buy order presented them with an out without too much loss and they took it, wouldn't have worked at 0.00025 i think for example

Personally i think SBC should be at about 0.0004-0.0005 right now with chances up to 1$ this year so I'm still in.
I don't know if wouldn't simply take the chance for 0.0005 or 0.0006 should it present itself though.

[Bulbasaur]

I think it all depends on when/whether the mixing service is released.

[javabudd]

Started a StableCoin pool if anyone is interested, 16 core server, 99.999999% uptime smiley.gif.

http://stable.lowend.fm

 stratum+tcp://lowend.fm:7977 -u WALLETADDRESS -p anything

**note payments use the PPLNS system --> pool-x.eu/aboutpplns

[kizilsakal]

so why is the price going down and down guys? i am keeping the coin because it looked promising, but I would have made a good money by selling it 2 days ago 

[Slimnuts]

so why is the price going down and down guys? i am keeping the coin because it looked promising, but I would have made a good money by selling it 2 days ago 

Bitcoin got hammered today. I think as bitcoin goes so do the rest at this point.

[Hazard]

Partly because of bitcoin's drop, partly because of noobs believing FUD.

[CrytoEnthusiast]

Partly because of bitcoin's drop, partly because of noobs believing FUD.

I agree with your line of reasoning. Furthermore, SBC seems to be one of the most promising new currencies and I'm very bullish on it

[fennesz]

so why is the price going down and down guys? i am keeping the coin because it looked promising, but I would have made a good money by selling it 2 days ago 

Pretty much everything is dropping, the coins with lower market caps are noticing it the most.

The only way to lose right now is to panic sell.

[artos]

German site is up, and the Spanish site will be up within 30 minutes, as we prepare to move into these markets as well.

http://stablecoin.de
http://stablecoin.net/es/

[Astrophysical]

I opened a coin-base pool account. Started the minerd program, and the kilo-hashes were indicating on the command console (indicating hashing and "yays!"), but no activity reflected in the pool. Does anyone here know why this might likely happen? Also, is CPU mining the only option now for Stablecoin? What software is the best for mining?  As indicated, I was using minerd. How about a stable or reliable pool?

Mining for Stablecoin is scrypt mining.  Use CGMiner 3.7.2 or lower if you want to use a GPU for mining (the only realistic way to mine).

As for you coins not showing up yet, I'm not certain.  I mined with the coin-base team for a while, but when I switched to the SBC CryptoCult pool, (http://sbc.cryptoculture.net/index.php) my KHs/sec went up and, more importantly, the stability of my connection improved substantially (no more waking up in the morning to discover my connection had failed).

Sorry if i come off as a noob, but I've taken 5 months off as well. I've forgotten how to setup the mining software properly as a result. I was following this tutorial (https://bitcointalk.org/index.php?topic=260049.0) but changing the parameters for stablecoin and trying to connect to this pool [http://sbc.cryptoculture.net/] but to no avail so far. I remember following a similar procedure and just creating the .conf & .bat file containing " yacoin-qt -gen -genproclimit=8 (the number of your cores 8 in my case) -addnode=82.211.30.212" when I solo mined YAC. I know there's some small error I'm making. Any insight would be greatly appreciated, or step by step directions to getting started pool mining again haha, as I'm very interested in SBC and think it has a bright future.