LOTTOCOIN OLD THREAD, [CLOSED]

[damnation]

haha what can I say, I am a high roller lol

lol u might have a gambling problem

Ur name is pretty much gonna be spamming the entire "recent spin" list soon

[rocketron]

LMAO haha 

[sfireman]

gg Lotto, wall on @20 almost eaten -> @11 in a few days?

lol am not sure if your a supporter or not.. pretty sure ur last post said u went and sold @25 so i guess you have some buy orders in place at a lower lvl.. but 19-15 shows some good resistance so its doubtful it will get lower than 15.. If it does it.. could fall to 11 in a blink..

What would i do.. Buy from 15 all the way to 10 if i could..

I had @23 buy order for 4 BTC yesterday, there was HUGE resistance wall. I was wonder when saw this morning @20 and now @19. Someone dumps really hard.

[damnation]

hmm approximately 5m sold at the 19 wall in about 30 minutes.. thats pretty quick.. but the drop to 19 means we are no longer profitable so that means we get to breathe for a bit..

lol if we could coordinate with the entire LOT trading community.. I would ask everyone to drop their sells and place buy price at 1 satoshi every time we hit the most profitable stage.. would be great to get a few millions lot at 1 satoshi as am pretty sure its an auto exchange process... do that for a few rounds and am sure multipools will give up.. ah for the absurd dreams...

[skillrun]

gg Lotto, wall on @20 almost eaten -> @11 in a few days?

lol am not sure if your a supporter or not.. pretty sure ur last post said u went and sold @25 so i guess you have some buy orders in place at a lower lvl.. but 19-15 shows some good resistance so its doubtful it will get lower than 15.. If it does it.. could fall to 11 in a blink..

What would i do.. Buy from 15 all the way to 10 if i could..

I had @23 buy order for 4 BTC yesterday, there was HUGE resistance wall. I was wonder when saw this morning @20 and now @19. Someone dumps really hard.

bought @24 under me 8BTC@23  8BTC@22 and 5 BTC@21

now 19... stupid miners... any point you think that autosell will stop for any reason ?

[rocketron]

i had to stop myself betting high on the wheel lol, cashed out my initial deposit + 10k profit, left with some k now thats free hehe

[damnation]

i had to stop myself betting high on the wheel lol, cashed out my initial deposit + 10k profit, left with some k now thats free hehe

lol i lost 2467.. its kinda sad the last roll was all in.. and the spin stopped exactly on the line.. between 3x and LOSE...

[rocketron]

jaysus haha sorry to hear that lol..

i usually always start off betting big, and then when i have my initial deposit back and some profit i cash it out and leave a small bit to bet for free

[damnation]

gg Lotto, wall on @20 almost eaten -> @11 in a few days?

lol am not sure if your a supporter or not.. pretty sure ur last post said u went and sold @25 so i guess you have some buy orders in place at a lower lvl.. but 19-15 shows some good resistance so its doubtful it will get lower than 15.. If it does it.. could fall to 11 in a blink..

What would i do.. Buy from 15 all the way to 10 if i could..

I had @23 buy order for 4 BTC yesterday, there was HUGE resistance wall. I was wonder when saw this morning @20 and now @19. Someone dumps really hard.

bought @24 under me 8BTC@23  8BTC@22 and 5 BTC@21

now 19... stupid miners... any point you think that autosell will stop for any reason ?

yes as we are no longer profitable we should see an easement on the number of sells.. i expect we might dip a little more depends on how well the 19,18,17,16 and 15 walls hold really.. if people decide to go for the buy cheap lot solution then the orders might get readjusted at which point its a free fall to 10 and wherever a new wall is placed... i cant rem if LOT ever went below 11 but i doubt it will stay at that level for very long..mostly cos everyone gets aggressive buying around tht point onwards..

Miners/traders generally consider LOT a very very good deal at that point... so buys will come in hard and fast at that point

[damnation]

jaysus haha sorry to hear that lol..

i usually always start off betting big, and then when i have my initial deposit back and some profit i cash it out and leave a small bit to bet for free

lol no worries i just wanted to give it a shot at the wheel.. its a simple layout but a good quick fun game to play...

[rocketron]

ill join in with the walls,

i have a few million to play with, will sell at 25 or so and set a rebuy  <<20

[rocketron]

jaysus haha sorry to hear that lol..

i usually always start off betting big, and then when i have my initial deposit back and some profit i cash it out and leave a small bit to bet for free

lol no worries i just wanted to give it a shot at the wheel.. its a simple layout but a good quick fun game to play...

its extremly addictive

[Majkeeno]

gg Lotto, wall on @20 almost eaten -> @11 in a few days?

lol am not sure if your a supporter or not.. pretty sure ur last post said u went and sold @25 so i guess you have some buy orders in place at a lower lvl.. but 19-15 shows some good resistance so its doubtful it will get lower than 15.. If it does it.. could fall to 11 in a blink..

What would i do.. Buy from 15 all the way to 10 if i could..

I had @23 buy order for 4 BTC yesterday, there was HUGE resistance wall. I was wonder when saw this morning @20 and now @19. Someone dumps really hard.

bought @24 under me 8BTC@23  8BTC@22 and 5 BTC@21

now 19... stupid miners... any point you think that autosell will stop for any reason ?

Just did a quick math from 24h averages of pool:
pool hashrate: 0.927 GH/s
net hashrate: 1.98 GH/s
1 kH/s avg. (24h): approx. 65 LOT (+/- diff)
24h potential mining of that pool: approx. 60 255 000 LOT/Day
24h potential mining of net: approx. 128 700 000 LOT/Day

[damnation]

ill join in with the walls,

i have a few million to play with, will sell at 25 or so and set a rebuy  <<20

i stopped all trades when prices was at 24.. the walls at the time was too high for me to feel comfortable to expect buy and sell to vary much beyond those few points..
cashed out 100k lot at 20 and keeping the BTC in reserve for in case we see a sudden fall.

I have no idea what i have any more.. started with 400k so will still have that back if price drops to 16.. managed to buy another 200k+ lot from the traded profits at various intervals.. cycles those trades a few times as well.. and picked up another 200 from those profits as well.. head hurts a bit from keeping track as i have split my trades into nearly 4 different directions..

Plus i have another 100k of a friends LOT in play.. which should be bought back at this current level.. in which case i sold 100k of his lot at 22 and am rebuying back at 19..

[damnation]

gg Lotto, wall on @20 almost eaten -> @11 in a few days?

lol am not sure if your a supporter or not.. pretty sure ur last post said u went and sold @25 so i guess you have some buy orders in place at a lower lvl.. but 19-15 shows some good resistance so its doubtful it will get lower than 15.. If it does it.. could fall to 11 in a blink..

What would i do.. Buy from 15 all the way to 10 if i could..

I had @23 buy order for 4 BTC yesterday, there was HUGE resistance wall. I was wonder when saw this morning @20 and now @19. Someone dumps really hard.

bought @24 under me 8BTC@23  8BTC@22 and 5 BTC@21

now 19... stupid miners... any point you think that autosell will stop for any reason ?

Just did a quick math from 24h averages of pool:
pool hashrate: 0.927 GH/s
net hashrate: 1.98 GH/s
1 kH/s avg. (24h): approx. 65 LOT (+/- diff)
24h potential mining of that pool: approx. 60 255 000 LOT/Day
24h potential mining of net: approx. 128 700 000 LOT/Day

Just to take it a little bit further.. 1MH/S give about 65000 LOT (24hr) period. Approx 2,708 LOT per hour.

Now these numbers below are coming from my ass so dont take it seriously..

 Current Avg hash rate of middle coin: 11,330 MH/s = 30,681,640 LOT for 1 hour
Estimate hash rate of Hashcows: 1000 Mh/s = 2,708,000 Lot for 1 hour
Current Avg hash rate of Tompool : 155Mh/s = 419,740 per hour

So thats pretty much what we can expect as dump.. if a multipool were to operate on lot for 1 hour.

*EDIT* hash cows has problems finding blocks so i would discount them for now till they get a fix on their issue..

[rocketron]

those numbers are huge

[Majkeeno]

gg Lotto, wall on @20 almost eaten -> @11 in a few days?

lol am not sure if your a supporter or not.. pretty sure ur last post said u went and sold @25 so i guess you have some buy orders in place at a lower lvl.. but 19-15 shows some good resistance so its doubtful it will get lower than 15.. If it does it.. could fall to 11 in a blink..

What would i do.. Buy from 15 all the way to 10 if i could..

I had @23 buy order for 4 BTC yesterday, there was HUGE resistance wall. I was wonder when saw this morning @20 and now @19. Someone dumps really hard.

bought @24 under me 8BTC@23  8BTC@22 and 5 BTC@21

now 19... stupid miners... any point you think that autosell will stop for any reason ?

Just did a quick math from 24h averages of pool:
pool hashrate: 0.927 GH/s
net hashrate: 1.98 GH/s
1 kH/s avg. (24h): approx. 65 LOT (+/- diff)
24h potential mining of that pool: approx. 60 255 000 LOT/Day
24h potential mining of net: approx. 128 700 000 LOT/Day

Just to take it a little bit further.. 1MH/S give about 65000 LOT (24hr) period. Approx 2,708 LOT per hour.

Now these numbers below are coming from my ass so dont take it seriously..

 Current Avg hash rate of middle coin: 11,330 MH/s = 30,681,640 LOT for 1 hour
Estimate hash rate of Hashcows: 1000 Mh/s = 2,708,000 Lot for 1 hour
Current Avg hash rate of Tompool : 155Mh/s = 419,740 per hour

So thats pretty much what we can expect as dump.. if a multipool were to operate on lot for 1 hour.

*EDIT* hash cows has problems finding blocks so i would discount them for now till they get a fix on their issue..

My be I am wrong but does not Net Hashrate mean all computers mining same coin in the same moment? So you have on your mind, what if analysis - all megapools mining at the same time?
Do I understand it correctly?

[C3ALL]

yes as we are no longer profitable we should see an easement on the number of sells..

Just picking up on this.  The correct term is "as we are no longer as profitable as others"

Its still profitable.

I get about 0.55 $ to the £.  (i just cash out using paypal and suck up the harsh fees and exchange rate - havent bothered figuring out a better way in the UK yet, but have a verified OK pay account, just havent figured out how to use it - help gladly received )

So, as long as lot makes more than the cost of running the rig, then thats fine.   Just some are more profitable than others.

[skillrun]

i gues when the 19 is down the next few numbers will follow.
any thoughts ?

[Majkeeno]

yes as we are no longer profitable we should see an easement on the number of sells..

Just picking up on this.  The correct term is "as we are no longer as profitable as others"

Its still profitable. Just some are more profitable than others.

This.

I started to mine various coins and yes, they are all profitable besides few one. I do not think that publicity of exact numbers would be beneficial.