[ANN] Catcoin - Scrypt meow!

[itsallpc]

[CatCoinForums]

[nevrending]

Well, new Indonesian based Catcoin Pool

http://cat.garudapool.com/

Miawz~

[Mikellev]

so 33 days until diff changes to a nice 70 ? Where it should be with that hashrate ?

Well, I hope cat has many lifes left.......

[Nullu]

Holy mother of Cats. Quite a nest egg there.

[CatCoinForums]

Holy mother of Cats. Quite a nest egg there.

[kuroman]

And on another news, another big exchange is picking up catcoin pretty soon, stay tuned till their official annoucement

[kuroman]

Holy mother of Cats. Quite a nest egg there.

lol well played sir, well played!

[Nullu]

Reminds me of that guy a few days ago who posted the pic of the car he bought after investing into Doge.

I'd much rather a house. 

[CatCoinForums]

Reminds me of that guy a few days ago who posted the pic of the car he bought after investing into Doge.

I'd much rather a house.  

If only they go to the price of litecoin..

Maybe when the scrypt asic miner is released (if its possible of course) expect the price of catcoin to follow bitcoins footsteps.

I'll be buying more than a house. Invest now ladies before you miss the boat.

Oh and thank you for everyone panic selling, makes me laugh when they think its the end of a coin when it drops in price.. its only been out a few days.

[ZBBBB]

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

[Nullu]

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

I don't think so. I think what's happening is the early miners who have a lot of coins have a lot of control over the market price, but as the coins change hands they'll have less and less of a stake. Once the difficulty is recalculated the coin will surge in price again, the initial early miners who are manipulating the price will have less of a hold, and eventually the market will become fairer and be allowed to grow.

In theory.

[itsallpc]

But we need to do something its 6 or 7 hours to confirm a deposit in cryptsy ..... hmmmm

[CatCoinForums]

The miners are only leaving due to the profitability per day calculator + the coin is new.. Just give it time, when articles/news starts to kick in expect things to change..

I know its a whole different parameter to litecoin, but look at them.. there at 3,100 difficultly and look at there nethash rate and how many coins per day some people are making..

All catcoin needs is promotion.. no need to change nothing the coin its self is perfect.

This is just my 2cents of course.

[zerodrama]

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

The only thing people want is to get their coins.

As long as pools lower the minimum confirms, they will return.

The Bitcoin parameters (50 per block, 2 week retarget, 21 Million limit) must stay. Bitcoin has too many passive developers and users who are not innovating or are building bunkers for Armageddon. This is holding back real opportunities.

CATs are Bitcoins for innovators (users and developers).

[Mikellev]

How can we pool operators change the min. confirmation withour risking our own coins ?
Change it in the source of the coin, then its perfect. 120 confirmations is to much.

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

The only thing people want is to get their coins.

As long as pools lower the minimum confirms, they will return.

The Bitcoin parameters (50 per block, 2 week retarget, 21 Million limit) must stay. Bitcoin has too many passive developers and users who are not innovating or are building bunkers for Armageddon. This is holding back real opportunities.

CATs are Bitcoins for innovators (users and developers).

[Nullu]

How can we pool operators change the min. confirmation withour risking our own coins ?
Change it in the source of the coin, then its perfect. 120 confirmations is to much.

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

The only thing people want is to get their coins.

As long as pools lower the minimum confirms, they will return.

The Bitcoin parameters (50 per block, 2 week retarget, 21 Million limit) must stay. Bitcoin has too many passive developers and users who are not innovating or are building bunkers for Armageddon. This is holding back real opportunities.

CATs are Bitcoins for innovators (users and developers).

Aren't the high level of confirmations built into the coin designed to protect it? What about when the hashrate goes through the roof?

[Mikellev]

Yes, but why shall we pool operators risk our own coins or even worst, the coins of other miners if we offer 40 confirmations only ?

Aren't the high level of confirmations built into the coin designed to protect it? What about when the hashrate goes through the roof?

[Nullu]

Yes, but why shall we pool operators risk our own coins or even worst, the coins of other miners if we offer 40 confirmations only ?

Aren't the high level of confirmations built into the coin designed to protect it? What about when the hashrate goes through the roof?

I suppose you have to weigh the risk vs the net return you get from fees. If you take a fee. If miners keep leaving because of the high confirm time then you may end up worse off. There has to be a sweet spot that encourages more miners to your pool without risking too much reserve.

[zerodrama]

How can we pool operators change the min. confirmation withour risking our own coins ?
Change it in the source of the coin, then its perfect. 120 confirmations is to much.

1. No.
2. No.
3. It would not be a bitcoin clone.
4. The blocks would be less safe.
5. You are a pool operator.
6. You are a business.
7. Adapt.
8. Keep a reserve.
9. Stick your neck out for your users.
10. Have some balls.

Many pools already do this. The coin has to have 120 to be safe. It would be idiotic to change the coin safety, because people are too weak to take risks.

I have already donated coins to pools that do this. If you don't want risk, go to the back of the bus.

"Why should we risk our own coins?"

Whine, whine, whine. If you're thinking short term, then you haven't got a clue how this works. If I had the money to pay for servers, I would run pools myself.