LOTTOCOIN OLD THREAD, [CLOSED]

[vrm86]

I'm mining at one pool, that shows x2 less hashrate then I really have. I know that it is only some kind of estimation, but I'm afraid that after several hours of continuous mining stats should be far more accurate.
Maybe I have lot of rejected shares? But cgminer doesn't show this: WU >90%, about 2-3% of rejected shares.

[Amberdark]

wow you guys, did you notice this thread?
what do you think? am I being overly optimistic about LOT? as it really boggles my mind how people can trade LOT for DOGE at even less than 1:1

[svennand]

You guys do realise that when LOT hits cryptsy it will be a lot harder to mine & a lot more expensive to buy - right?

You do realize that that kind of pump hype around a coin isn't beneficial for it.
An healthy coin is a trading coin, not one that just consist of hoarders waiting to cash out on the first large pump.

[Amberdark]

You guys do realise that when LOT hits cryptsy it will be a lot harder to mine & a lot more expensive to buy - right?

You do realize that that kind of pump hype around a coin isn't beneficial for it.
An healthy coin is a trading coin, not one that just consist of hoarders waiting to cash out on the first large pump.

atm you are mining at 15Mh/s.. that's a ton of coins you got in your wallet, but I do not see you trading it at 23 satoshi..
the entire volume of what's on CoinedUp for sale you probably make in a day or two

so trading is beneficial only when others do it? or how exactly does this work?

[svennand]

You guys do realise that when LOT hits cryptsy it will be a lot harder to mine & a lot more expensive to buy - right?

You do realize that that kind of pump hype around a coin isn't beneficial for it.
An healthy coin is a trading coin, not one that just consist of hoarders waiting to cash out on the first large pump.

atm you are mining at 15Mh/s.. that's a ton of coins you got in your wallet, but I do not see you trading it at 23 satoshi..
the entire volume of what's on CoinedUp for sale you probably make in a day or two

so trading is beneficial only when others do it? or how exactly does this work?

Lol, you couldn't be more wrong in your accusations..........

if you had been around before it hit coined up, you would have seen me trading away as much as i could @.12 pr MILL. Traded away around 25MILL over there, and 8MILL before that on private chat.
Have traded away around 10MILL at coinedup.
I do however wait until it goes above 0.3BTC pr MILL on coined up

Is it a smart thing to do?, who knows. at least I'm not left holding the bag after people hype it up and then dump on you, and I'm making a great profit pr day.

EDIT:
Her is my lottocoin address, look for yourself...
http://lottocoin.info/address/M64CYhi6JtocuUAboGaHBg8DLTdoeFDV2H

[Ng93]

Hope it will be added soon at cryptsy
Good price will be around 50 satoshi each

[Oldminer]

You do realize that that kind of pump hype around a coin isn't beneficial for it.
An healthy coin is a trading coin, not one that just consist of hoarders waiting to cash out on the first large pump.

I'm not hyping anything. I think you have read into my post something thats not there. I simply asked a question aimed at those that are keen to see it listed sooner rather than later & I'm interested to see their responses.

[Amberdark]

You guys do realise that when LOT hits cryptsy it will be a lot harder to mine & a lot more expensive to buy - right?

You do realize that that kind of pump hype around a coin isn't beneficial for it.
An healthy coin is a trading coin, not one that just consist of hoarders waiting to cash out on the first large pump.

atm you are mining at 15Mh/s.. that's a ton of coins you got in your wallet, but I do not see you trading it at 23 satoshi..
the entire volume of what's on CoinedUp for sale you probably make in a day or two

so trading is beneficial only when others do it? or how exactly does this work?

Lol, you couldn't be more wrong in your accusations..........

if you had been around before it hit coined up, you would have seen me trading away as much as i could @.12 pr MILL. Traded away around 25MILL over there, and 8MILL before that on private chat.
Have traded away around 10MILL at coinedup.
I do however wait until it goes above 0.3BTC pr MILL on coined up

Is it a smart thing to do?, who knows. at least I'm not left holding the bag after people hype it up and then dump on you, and I'm making a great profit pr day.

I apologize for my accusation, I didn't know you've traded so much
I for one plan on holding them for at least 6 months and even afterwards there will be no "dumping" from me, the coin's true value will come up way later not in the early adoption phase, so it really seems like a waste to trade them for pretty much nothing..

but the difference is that I do not have huge amounts - I have ~630Khs of my own, ~1400Khs with a borrowed GPU from a friend, and even though I started mining from  the 3rd day since launch I bearly got 2mil so far so I have absolutely nothing to lose by holding onto them since dumping them at 23 satoshi is really close to nothing

[kpg99miner]

You guys do realise that when LOT hits cryptsy it will be a lot harder to mine & a lot more expensive to buy - right?

You do realize that that kind of pump hype around a coin isn't beneficial for it.
An healthy coin is a trading coin, not one that just consist of hoarders waiting to cash out on the first large pump.

atm you are mining at 15Mh/s.. that's a ton of coins you got in your wallet, but I do not see you trading it at 23 satoshi..
the entire volume of what's on CoinedUp for sale you probably make in a day or two

so trading is beneficial only when others do it? or how exactly does this work?

Lol, you couldn't be more wrong in your accusations..........

if you had been around before it hit coined up, you would have seen me trading away as much as i could @.12 pr MILL. Traded away around 25MILL over there, and 8MILL before that on private chat.
Have traded away around 10MILL at coinedup.
I do however wait until it goes above 0.3BTC pr MILL on coined up

Is it a smart thing to do?, who knows. at least I'm not left holding the bag after people hype it up and then dump on you, and I'm making a great profit pr day.

I apologize for my accusation, I didn't know you've traded so much
I for one plan on holding them for at least 6 months and even afterwards there will be no "dumping" from me, the coin's true value will come up way later not in the early adoption phase, so it really seems like a waste to trade them for pretty much nothing..

but the difference is that I do not have huge amounts - I have ~630Khs of my own, ~1400Khs with a borrowed GPU from a friend, and even though I started mining from  the 3rd day since launch I bearly got 2mil so far so I have absolutely nothing to lose by holding onto them since dumping them at 23 satoshi is really close to nothing

2mil LOT at 23 Satoshi for what 12 days of mining is equal to $322.00 at a $700.00 bitcoin ($704.80 at MtGox while writing this), that is not bad at all. That's more than you will get mining just about any other coin out there over the same period of time with 1400Kh/s.

[Amberdark]

that's the entire point of mining a coin from 0 difficulty.. you do get something even if you do not have a lot of hashing power, I am trying to upgrade my hashing power from the little I make, but hardware is very expensive where I live.. 1 R9 280x is around $500+shipping, a 290x is around $800+shipping

[peteycamey]

I started mining from  the 3rd day since launch I bearly got 2mil

I wish I started earlier too. diff is up right now.

[boxuser]

LrsrSix6N1mwsPX2bLuRj82PNAu8WhHKLW

thank you and marry xmas

[damnation]

is it just me or are all the pools dead?

hackshard out
nut2 out...

[publicstalker]

is it just me or are all the pools dead?

hackshard out
nut2 out...

working fine here...

[damnation]

wierd.. i think it was the eu server then.. jp is working for me..

[peteycamey]

all pools dead right now

[kpg99miner]

all pools dead right now

Nut2 is working fine for me.

[Sparkzor]

that's the entire point of mining a coin from 0 difficulty.. you do get something even if you do not have a lot of hashing power, I am trying to upgrade my hashing power from the little I make, but hardware is very expensive where I live.. 1 R9 280x is around $500+shipping, a 290x is around $800+shipping

Where do you live? I live in Sweden where the taxes are fuckhigh and it costs $400 with shipping here (280x).

[Ng93]

Selling 400K lotto coins for WDC or BTC

PM me for good offer

[publicstalker]

that's the entire point of mining a coin from 0 difficulty.. you do get something even if you do not have a lot of hashing power, I am trying to upgrade my hashing power from the little I make, but hardware is very expensive where I live.. 1 R9 280x is around $500+shipping, a 290x is around $800+shipping

Where do you live? I live in Sweden where the taxes are fuckhigh and it costs $400 with shipping here (280x).

lol, you live in the dream land man. Here in Brazil ( highest taxes in the world and low salary) is that price too, unfortunately.