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cointradero
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December 30, 2013, 07:27:07 AM |
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Guys: Lottocoin is a premium coin. It has a lot of strength. I don't believe it will drop below 0.000000040 ever.. it just went right up to 0.00000050 in no time again. Our pool has around 50% of the network hash power now and people are making it rich. Make sure you mine this coin up while it's still cheap and diff is low. http://lot.dedicatedpool.comBTW - Who on this thread is using dedicatedpool just as a heads up? How is it working for you on your end? I'm going crazy trying to keep it smooth :/ Give me some feedback plz - I hope all is well! Ryan, dedicatedpool.com support/admin admin@dedicatedpool.com / IRC on freenode #dedicatedpool  You know, I don't know what it is about having quite a few whales on the pool, but the dificulty has only gone up 50% but my payouts have gone down about 75%. Routinely, guys with 10x my hashing power get 30x my payout. I've generated over a half million coins in the past 30 hours on your pool but barely made 250k. Either I have terrible luck or something weird happens when the short block times on these PPLNS pools. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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noedelx
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December 30, 2013, 07:28:11 AM |
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whoevers it is they are not in a rush to sell. look 0.00002100.... Just somone storing their coins at cryptsy....
There is over 2 billion coins out there and 50 mil per day minted, there is lots of people with that many amount of coins.
How would you know if they are in a rush or not? bc you say it kind of matter of factly..hmm well the fact that at the price he listed at it aint gonna sell anytime soon and tbh everyone shud just shut up 60mill is nothing at current price that woulth only be 15 BTC woulth u look wierd if u see some 5 BTC sell / buy walls on 50 ? |
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svennand
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December 30, 2013, 07:29:07 AM |
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No worries. Its the fronted that is down, backend is 100% up and accepting shares. trying to contact nutnut to get this sorted. |
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C3ALL
Full Member
 Offline
Activity: 140
Merit: 100
★ BitClave ICO: 08/11/17 ★
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December 30, 2013, 07:30:53 AM |
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2nd day after LOT's release, DarkKnight was mining @ devianttwo's pool with 20Mh/s. Another guy was mining @ 26Mh/s. I remember it very very clearly, and they both were earning 10m/day.
I solomined 1 mil with a poverty rig hashing 300kh/s on the second day. Do you guys want any more evidence??
Remember guys, the first 3 days, all blocks were triple reward.
And, as has been said before, would they then put it all on crypty on a singletrade 50x higher than the current trade price? I can't believe that there are people so blind to this being a premine sell. |
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boomerjackson
Newbie
Offline
Activity: 42
Merit: 0
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December 30, 2013, 07:30:59 AM |
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What I find funny is that not more people are buying and selling to make more money. Its very easy to do. Buy half at a little bit lower rate, then sell the other half at a little bit higher rate. If the price drops a little, you get them cheap, as the price yo-yo's back and forth, you can make GOOD money fast, easy and legitimately. The more coins you have, the faster your profit. That is why it is doing the "trading dance". Smart people making smart money off those that don't practice this.
Eventually when it does go up, you go up with it and earn money on the up and down. (Simple trading)
So make like 5 sell orders of 100K at 50 satoshis and 5 buy orders of 100K at 40 satoshis? |
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C3ALL
Full Member
Offline
Activity: 140
Merit: 100
★ BitClave ICO: 08/11/17 ★
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December 30, 2013, 07:33:16 AM |
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well the fact that at the price he listed at it aint gonna sell anytime soon and tbh everyone shud just shut up 60mill is nothing
at current price that woulth only be 15 BTC woulth u look wierd if u see some 5 BTC sell / buy walls on 50 ?
Its not the value that matters, its the principal of parking near 20% of the premine on an exchange when it should be used for promotion. See what the premine is supposed to be used for in the OP and show us where it says 20% of premine will be used to put a $1m order in on cryptsy. |
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y3804
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December 30, 2013, 07:33:57 AM |
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2nd day after LOT's release, DarkKnight was mining @ devianttwo's pool with 20Mh/s. Another guy was mining @ 26Mh/s. I remember it very very clearly, and they both were earning 10m/day.
I solomined 1 mil with a poverty rig hashing 300kh/s on the second day. Do you guys want any more evidence??
Remember guys, the first 3 days, all blocks were triple reward.
And, as has been said before, would they then put it all on crypty on a singletrade 50x higher than the current trade price? I can't believe that there are people so blind to this being a premine sell. Here's a hypothesis.. Perhaps they transferred their LOT to Cryptsy, decided to put a sell without attempting to actually sell them because they are unhappy with the current trading rates? I would probably do the same. It can only drive the price up 50x higher or not it doesn't matter. It's currently unreachable. That's the idea |
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Oldminer
Legendary
Offline
Activity: 1022
Merit: 1001
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December 30, 2013, 07:35:12 AM |
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LOL you guys, I know of someone on here that has 30m coins and he doesnt even have any miners. I know of another guy that has 45m and he doesn't have a lot of hardware compared to some. You all need to chill out a bit.
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leewilson
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December 30, 2013, 07:35:45 AM |
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You're missing two points : This coin is not some week old coin its been on since 12 Dec and since that 60m could be easily mined with one person.
No, it couldn't given the rise in diffculty, and around 90% of blocks being taken by just two pools since day one. This is a dump of the premine, and everyone can see it. It is exactly the fear that a lot of us spoke about just a few pages back. Those of us rasing these fears were accused of being trolls and negative toward the coin. In actual fact we were the ones who could see exactly what was coming when there was no volunteering of open book accounting on the premine. The sensible thing would have been to sell blocks, all the way up the value. Instead, there is now a huge wall that has effectively set the maximum value for a long time. Given some of the amaturish comments from the team toward people here (calling them retarded), this action is hardly a surprise. The premine is supposed to be for promotion and development. Its very clear what it is being used for now, and those calling for investment in new games and promotions should be pretty disspointed about this. There are members here (Hampuz) that have done more for this coin than any premine spending has. +1 all the way around. |
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State BlockNet can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State BlockNet to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State BlockNet.” - Joseph Goebbels |
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leewilson
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December 30, 2013, 07:36:59 AM |
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You're missing two points : This coin is not some week old coin its been on since 12 Dec and since that 60m could be easily mined with one person.
No, it couldn't given the rise in diffculty, and around 90% of blocks being taken by just two pools since day one. This is a dump of the premine, and everyone can see it. It is exactly the fear that a lot of us spoke about just a few pages back. Those of us rasing these fears were accused of being trolls and negative toward the coin. In actual fact we were the ones who could see exactly what was coming when there was no volunteering of open book accounting on the premine. The sensible thing would have been to sell blocks, all the way up the value. Instead, there is now a huge wall that has effectively set the maximum value for a long time. Given some of the amaturish comments from the team toward people here (calling them retarded), this action is hardly a surprise. The premine is supposed to be for promotion and development. Its very clear what it is being used for now, and those calling for investment in new games and promotions should be pretty disspointed about this. There are members here (Hampuz) that have done more for this coin than any premine spending has. Not from the premine. I had like 10m very early on but sold them (3 days of early mining). With a good mining rig, 60m could be the result of mining from release up to now, buying @0.10BTC/M, playing Coinbomb, without a doubt Could be, but we know with certainty what has created that much coin . |
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State BlockNet can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State BlockNet to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State BlockNet.” - Joseph Goebbels |
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boomerjackson
Newbie
Offline
Activity: 42
Merit: 0
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December 30, 2013, 07:41:19 AM |
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leewilson
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December 30, 2013, 07:42:39 AM |
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Your a strange person.. so what if its a premine sell order? have you seen the sell price.. its at 2100 satoshi's if your worried about the wall we are a long way away from that.. early optimistic predictions were for 300 satoshi's your talking about something like 7 times higher..
With the way prices have been fluctuating its not hard to buy up a few million here and there... Heck i had 490K on a 400kh/s system.. and another 400k from pool mining for about 5 days. on the other hand using 40K LOT i traded it back and forth till my stake was about 150K in coinedup..
And would you put your entire holding on a single order in cryptsy that is a way off being filled? No, you wouldn't. Which is why this is obviously sombody that can afford to just park 60M LOT and leave it. There is only one source that has a bankroll like that. As Ive said before, anyone who doesn't believe thats a dump of premine coins is deluded. Logical explanations are not allowed. These aren't the droids you're looking for. |
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State BlockNet can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State BlockNet to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State BlockNet.” - Joseph Goebbels |
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svennand
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December 30, 2013, 07:46:19 AM |
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LOL you guys, I know of someone on here that has 30m coins and he doesnt even have any miners. I know of another guy that has 45m and he doesn't have a lot of hardware compared to some. You all need to chill out a bit.
waiting for an better response than this. Theres no harm in releasing the premine account adress so people can look for themself and put theese speculations to rest. |
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leewilson
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December 30, 2013, 07:46:38 AM |
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this could easily be resolved if mrlotto just followed my tip regarding open book accounting
and giving us his premine wallet adress to monitor. that way these question/speculations would not emerge...
That would allow public opinion to have a chance to drive value up versus the opposite. He could even have put in that open accounting he wanted to buy a new house as the dev and so keep .5% for himself and it would work out fine but hiding it will only have the potential for a very bad effect. |
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State BlockNet can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State BlockNet to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State BlockNet.” - Joseph Goebbels |
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leewilson
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December 30, 2013, 07:47:57 AM |
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this could easily be resolved if mrlotto just followed my tip regarding open book accounting
and giving us his premine wallet adress to monitor. that way these question/speculations would not emerge...
More chance of taking a pee in the queens handbag imho.  I can honestly say I have never heard that saying, but will be using it in the future. |
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State BlockNet can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State BlockNet to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State BlockNet.” - Joseph Goebbels |
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littlemc
Member
Offline
Activity: 98
Merit: 10
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December 30, 2013, 07:48:05 AM |
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guys why you don't listen...
i have made more than 5 MILLION
with a miserable 1.7 mh/s rig
darkknight mined with 22 mh/s, meaning he has done x12 times more than i did
another miner had around 18 mh/s
and they are not alone, so much solo mined this coin
just wait for mrlotto or something, don't accuse before you got any proof
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noedelx
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December 30, 2013, 07:48:11 AM |
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no you gtfo stop talking like that to new comers if u simply dont like this coin sell ur amount and be gone simple if not then shut up |
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y3804
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December 30, 2013, 07:49:02 AM |
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Your a strange person.. so what if its a premine sell order? have you seen the sell price.. its at 2100 satoshi's if your worried about the wall we are a long way away from that.. early optimistic predictions were for 300 satoshi's your talking about something like 7 times higher..
With the way prices have been fluctuating its not hard to buy up a few million here and there... Heck i had 490K on a 400kh/s system.. and another 400k from pool mining for about 5 days. on the other hand using 40K LOT i traded it back and forth till my stake was about 150K in coinedup..
And would you put your entire holding on a single order in cryptsy that is a way off being filled? No, you wouldn't. Which is why this is obviously sombody that can afford to just park 60M LOT and leave it. There is only one source that has a bankroll like that. As Ive said before, anyone who doesn't believe thats a dump of premine coins is deluded. Logical explanations are not allowed. These aren't the droids you're looking for. He's PARKING his 60M LOT because he doesn't want to SELL at CURRENT RATES. EARLY MINERS. Alright? It's SPECULATION. Maybe it's mrlotto, maybe not. We. Don't. Know. guys why you don't listen...
i have made more than 5 MILLION
with a miserable 1.7 mh/s rig
darkknight mined with 22 mh/s, meaning he has done x12 times more than i did
another miner had around 18 mh/s
and they are not alone, so much solo mined this coin
just wait for mrlotto or something, don't accuse before you got any proof
EXACTLY. Thank god, I'm not the only one who witnessed DarkKnight and these dudes |
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boomerjackson
Newbie
Offline
Activity: 42
Merit: 0
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December 30, 2013, 07:50:32 AM |
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no you gtfo stop talking like that to new comers if u simply dont like this coin sell ur amount and be gone simple if not then shut up no you gtfo stop talking like that to new comers if u simply dont like this coin sell ur amount and be gone simple if not then shut up |
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