LOTTOCOIN OLD THREAD, [CLOSED]

[kpg99miner]

Is there any news in the pipe as far as new game sites coming online?

[damnation]

Lol, i have a great idea for a game that should get me some serious LOT from keysore and quite a few users of this lot forum.. could even bring boomer and a few back to buy a few LOT ...

an interactive shooting game.. 100 LOT a bullet. Target 'y3804' hidden in a field of Josh's.. We can call it "300". I think i could earn at least 1M from Keysore, rapid, hampuz and mrlotto alone

Tagline "Have you shot him today?"

[monokaskade]

Don't forget to join my pool to get some extra Lots
We have outstanding block rewards for Jackpot finders!!

http://lot.bitcrush.info

[kpg99miner]

Lol, i have a great idea for a game that should get me some serious LOT from keysore and quite a few users of this lot forum.. could even bring boomer and a few back to buy a few LOT ...

an interactive shooting game.. 100 LOT a bullet. Target 'y3804' hidden in a field of Josh's.. We can call it "300". I think i could earn at least 1M from Keysore, rapid, hampuz and mrlotto alone

Tagline "Have you shot him today?"

I would play that game!

[noedelx]

thorgrim thanks for the last voucher..

any1 notice 42 coins added on BTC.. price.. it's 1410 BTC per coin... lol makes sense.. when there is only gonna be 42 coins every generated..
EAC looks like its slowly being hammered down.. from 229 it saw a low of 149..  and is now around the 185.. looking at trade history.. cant tell for sure if those are multipools attacking it..

dont think the multipools are on it yet anyhow that coin will have it rough aswell
and onto 42 that coin looks shady it or atleast way over priced ( market cap woulth make it 3st highest right now) seeing that drop soon

How does 42 coin look shady, barely half a coin has been mined to date. It's just the same as any other coin, the only difference is rather than abundance it went for scarcity, only problem with the model is that minor transactions are difficulty as at the current value the smallest denomination is nearly a dollar, (don't quote me on that, I didn't even attempt the math).

what i ment that i heard story's about cryptsy being payed to add their coin  the coin itself aint shady anyhow 42 Dif is to high to mine and the price can only drop so i woulth stay away from it but the idea behind it is cool ^^ but not usefull=P

[noedelx]

Lol, i have a great idea for a game that should get me some serious LOT from keysore and quite a few users of this lot forum.. could even bring boomer and a few back to buy a few LOT ...

an interactive shooting game.. 100 LOT a bullet. Target 'y3804' hidden in a field of Josh's.. We can call it "300". I think i could earn at least 1M from Keysore, rapid, hampuz and mrlotto alone

Tagline "Have you shot him today?"

hahaha x)

[BassDuck]

thorgrim thanks for the last voucher..

any1 notice 42 coins added on BTC.. price.. it's 1410 BTC per coin... lol makes sense.. when there is only gonna be 42 coins every generated..
EAC looks like its slowly being hammered down.. from 229 it saw a low of 149..  and is now around the 185.. looking at trade history.. cant tell for sure if those are multipools attacking it..

dont think the multipools are on it yet anyhow that coin will have it rough aswell
and onto 42 that coin looks shady it or atleast way over priced ( market cap woulth make it 3st highest right now) seeing that drop soon

How does 42 coin look shady, barely half a coin has been mined to date. It's just the same as any other coin, the only difference is rather than abundance it went for scarcity, only problem with the model is that minor transactions are difficulty as at the current value the smallest denomination is nearly a dollar, (don't quote me on that, I didn't even attempt the math).

what i ment that i heard story's about cryptsy being payed to add their coin  the coin itself aint shady anyhow 42 Dif is to high to mine and the price can only drop so i woulth stay away from it but the idea behind it is cool ^^ but not usefull=P

It's a novelty coin forsure, it's been at the top of coinwarz for some time though.

Just plummeted lol..

[noedelx]

thorgrim thanks for the last voucher..

any1 notice 42 coins added on BTC.. price.. it's 1410 BTC per coin... lol makes sense.. when there is only gonna be 42 coins every generated..
EAC looks like its slowly being hammered down.. from 229 it saw a low of 149..  and is now around the 185.. looking at trade history.. cant tell for sure if those are multipools attacking it..

dont think the multipools are on it yet anyhow that coin will have it rough aswell
and onto 42 that coin looks shady it or atleast way over priced ( market cap woulth make it 3st highest right now) seeing that drop soon

How does 42 coin look shady, barely half a coin has been mined to date. It's just the same as any other coin, the only difference is rather than abundance it went for scarcity, only problem with the model is that minor transactions are difficulty as at the current value the smallest denomination is nearly a dollar, (don't quote me on that, I didn't even attempt the math).

what i ment that i heard story's about cryptsy being payed to add their coin  the coin itself aint shady anyhow 42 Dif is to high to mine and the price can only drop so i woulth stay away from it but the idea behind it is cool ^^ but not usefull=P

It's a novelty coin forsure, it's been at the top of coinwarz for some time though.

Just plummeted lol..

^^

[damnation]

i think its doing pretty well actually.

it dipped to about 800 at one point.. and climbed back up to 1000.. so i guess that will be its stable price.. tile multipools wipe it out

[BassDuck]

I was just referring to the profitability, Eac is taking a beating on cryptsy though down to 106 at one point, wonder what testbitcoiner has to say now..  I don't understand why everyone expects their coin to be different than the other, it's like people just expect money or bitcoins to appear out of thin air or something.

[damnation]

personally the introduction of doge has pretty much skewered the entire system..

I estimate another month or 2 before a majority of the December adopters drop out cos they aren't seeing enough returns/profitability.. god knows the shit storm of crap coins we had mid to late dec would have knocked out a third of the December adopters when they realized the coins they mined is basically dead..

we had some remarkable ALTS.. so far.. cage which died withing 45 minutes of coinedup... GFT which basically had a dev code a lousy difficulty retarget and now that all the early adopters left it takes a day for one confirmation next retarget is probably in april lol.. 2 versions of NYAN both died because they were launched within hours of each other.. MOON which pretty much gets the award for worst launch ever opened up an exchange within hours of launch and basically imploded on its way to lowest price..

Kitteh was launched at coinedup to early so it kinda died as no-one in kitteh wanted to market it till logo was changed...after that dev handed over responsibility to a new dev team.. so they are working at it quietly.. could be interesting when they relaunched.

LOT got lost in the scramble with doge we launched just after doge so the prices speculated just couldnt keep up with the coins that are in circulation also no real attempt was made to hype up the coin which is fine as we  don't have to deal with the reality of a coin crashing from 300 satoshi to 26.. EAC while interesting looks to be headed towards being a pump and dump for quite awhile until it either stabilizes or dies..

on the whole its been an exciting and crazy period for this newbie.. started on december 3rd and i've seen so much of crazy shit i feel like a veteran

[damnation]

what the hell why are there no open sell orders for LOT on cryptsy

*edit* oh wait it came back.. that was strange.. all the sell orders just disappeared for a sec

[therobotswillwin]

I got an important question. I just wanted to sign up @http://www.lotwincasino.com and http://lottocoincasino.com but then i saw they are NOT SECURED? Why? No https?

I really don´t want to criticize. Just to point it out. You should really add https. No secure. No trust.
I mean after seeing this i really have to think about using the casino.

Would give people more trust in the site.

you dont enter any data into site, and ssl will slow the pages down by 10x, and not sure the games would work right

10x is a bit of an exaggeration to the extreme.  The SSL overhead is there, but it's not THAT extreme, and it's dependent on how large / secure your key rate is set to.  Not to mention that SPDY runs over SSL and has improvements over standard HTTP

[BassDuck]

personally the introduction of doge has pretty much skewered the entire system..

I estimate another month or 2 before a majority of the December adopters drop out cos they aren't seeing enough returns/profitability.. god knows the shit storm of crap coins we had mid to late dec would have knocked out a third of the December adopters when they realized the coins they mined is basically dead..

we had some remarkable ALTS.. so far.. cage which died withing 45 minutes of coinedup... GFT which basically had a dev code a lousy difficulty retarget and now that all the early adopters left it takes a day for one confirmation next retarget is probably in april lol.. 2 versions of NYAN both died because they were launched within hours of each other.. MOON which pretty much gets the award for worst launch ever opened up an exchange within hours of launch and basically imploded on its way to lowest price..

Kitteh was launched at coinedup to early so it kinda died as no-one in kitteh wanted to market it till logo was changed...after that dev handed over responsibility to a new dev team.. so they are working at it quietly.. could be interesting when they relaunched.

LOT got lost in the scramble with doge we launched just after doge so the prices speculated just couldnt keep up with the coins that are in circulation also no real attempt was made to hype up the coin which is fine as we  don't have to deal with the reality of a coin crashing from 300 satoshi to 26.. EAC while interesting looks to be headed towards being a pump and dump for quite awhile until it either stabilizes or dies..

on the whole its been an exciting and crazy period for this newbie.. started on december 3rd and i've seen so much of crazy shit i feel like a veteran

I'm with ya on that, although the wife isin't too impressed, I've been having a grand old time haha.

[Pavlinius]

personally the introduction of doge has pretty much skewered the entire system..

I estimate another month or 2 before a majority of the December adopters drop out cos they aren't seeing enough returns/profitability.. god knows the shit storm of crap coins we had mid to late dec would have knocked out a third of the December adopters when they realized the coins they mined is basically dead..

we had some remarkable ALTS.. so far.. cage which died withing 45 minutes of coinedup... GFT which basically had a dev code a lousy difficulty retarget and now that all the early adopters left it takes a day for one confirmation next retarget is probably in april lol.. 2 versions of NYAN both died because they were launched within hours of each other.. MOON which pretty much gets the award for worst launch ever opened up an exchange within hours of launch and basically imploded on its way to lowest price..

Kitteh was launched at coinedup to early so it kinda died as no-one in kitteh wanted to market it till logo was changed...after that dev handed over responsibility to a new dev team.. so they are working at it quietly.. could be interesting when they relaunched.

LOT got lost in the scramble with doge we launched just after doge so the prices speculated just couldnt keep up with the coins that are in circulation also no real attempt was made to hype up the coin which is fine as we  don't have to deal with the reality of a coin crashing from 300 satoshi to 26.. EAC while interesting looks to be headed towards being a pump and dump for quite awhile until it either stabilizes or dies..

on the whole its been an exciting and crazy period for this newbie.. started on december 3rd and i've seen so much of crazy shit i feel like a veteran

Great summary ! I started mining in the middle of December, so basically what you have described is pretty much my story too. And I also mined doge, kitteh, moon (well just a bit fortunately) and mostly LOT and EAC. I'm still learning new things each and every day about alt coins, but it seems that the situation is changing every week.

[damnation]

i originally started mining with an nvidia card.. 80kh/s so i did a combo of cpu and gpu mining.. for a total of 120kh/s that was depressing and lasted a week.. then i bought 2 6950 which could have given me 800 but i got screwed by seller who only sent me one card and a 7770. They only refunded the money this week.

LOT's been good to me.. mining it for 5 days at launch basically gave me enough to pay of the card by selling 50% of my stake at launch..in a way i am glad i dint sell all my LOT at 96.. if that happened i would never have taken the time to get a feel for the intricacies of day trading.. pretty good really.. with a 0.2 btc stake of LOT i managed to earn about 0.02 btc approximately on most days.. so i guess i am seeing 10% returns on my money.. i cycle a few round and buy a bit more lot.. managed to squirrel away around 0.09 btc and buy another 500k lot, as well, for my trading fund..  liquidated 300k for cash so now trading with 1M lot.. which is a good way to make my Investment grow.. i've taken a point of view if the price spikes and i lose out on buying back that i consider the coins being sold at current market price. Next round i will buid up btc and buy another 500k to be sent and forgotten in my wallet.

Though i am curious say everything goes well with LOT and we slowly see a rise to 5x-100x the price.. what exactly would you send to your cold storage wallet.. 1M -2M-10m?? How much is it realistically advisable to have stored away?

[noedelx]

cant wait till i have my new mining rig running ^^ gonna get alot more Lottocoins^^

[kpg99miner]

i originally started mining with an nvidia card.. 80kh/s so i did a combo of cpu and gpu mining.. for a total of 120kh/s that was depressing and lasted a week.. then i bought 2 6950 which could have given me 800 but i got screwed by seller who only sent me one card and a 7770. They only refunded the money this week.

LOT's been good to me.. mining it for 5 days at launch basically gave me enough to pay of the card by selling 50% of my stake at launch..in a way i am glad i dint sell all my LOT at 96.. if that happened i would never have taken the time to get a feel for the intricacies of day trading.. pretty good really.. with a 0.2 btc stake of LOT i managed to earn about 0.02 btc approximately on most days.. so i guess i am seeing 10% returns on my money.. i cycle a few round and buy a bit more lot.. managed to squirrel away around 0.09 btc and buy another 500k lot, as well, for my trading fund..  liquidated 300k for cash so now trading with 1M lot.. which is a good way to make my Investment grow.. i've taken a point of view if the price spikes and i lose out on buying back that i consider the coins being sold at current market price. Next round i will buid up btc and buy another 500k to be sent and forgotten in my wallet.

Though i am curious say everything goes well with LOT and we slowly see a rise to 5x-100x the price.. what exactly would you send to your cold storage wallet.. 1M -2M-10m?? How much is it realistically advisable to have stored away?

I am holding ~25% of my LOT for cold storage, probably a year or two out. Hoping for good acceptance in the gaming community.

~50% I am holding to to sell as it goes up, I plan on selling in steps and will buy back if it drops. Probably will not touch this until the blocks halve two times about 5 months from now.

I have another 25% that I am just playing with selling and buying on the little bumps and dips, have not done much with it in the last several days but was making about 5-15% per trade

I have a little over 12M total

[Nanolucas]

personally the introduction of doge has pretty much skewered the entire system..

I estimate another month or 2 before a majority of the December adopters drop out cos they aren't seeing enough returns/profitability.. god knows the shit storm of crap coins we had mid to late dec would have knocked out a third of the December adopters when they realized the coins they mined is basically dead..

we had some remarkable ALTS.. so far.. cage which died withing 45 minutes of coinedup... GFT which basically had a dev code a lousy difficulty retarget and now that all the early adopters left it takes a day for one confirmation next retarget is probably in april lol.. 2 versions of NYAN both died because they were launched within hours of each other.. MOON which pretty much gets the award for worst launch ever opened up an exchange within hours of launch and basically imploded on its way to lowest price..

Kitteh was launched at coinedup to early so it kinda died as no-one in kitteh wanted to market it till logo was changed...after that dev handed over responsibility to a new dev team.. so they are working at it quietly.. could be interesting when they relaunched.

LOT got lost in the scramble with doge we launched just after doge so the prices speculated just couldnt keep up with the coins that are in circulation also no real attempt was made to hype up the coin which is fine as we  don't have to deal with the reality of a coin crashing from 300 satoshi to 26.. EAC while interesting looks to be headed towards being a pump and dump for quite awhile until it either stabilizes or dies..

on the whole its been an exciting and crazy period for this newbie.. started on december 3rd and i've seen so much of crazy shit i feel like a veteran

This is a good post, I feel like I've also been on the same rollercoaster and I've found it all fascinating. Even if I end up losing what I invested, it has still all been a really entertaining hobby

[Coinyay]

can someone/dev look into setting up something similar to what TIPS is doing?

http://pay.withfedoraco.in/

This is what we need to further develop LOT!

We need payment options and mobile apps....This will set the right stage for when the block halves...which hopefully will mitigate the huge amount of coins produced daily