[ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014

[disclaimer201]

Moon is a miners only market right now. In fact all markets are at this point (down 4 billion market cap).

Nobody is buying. This morning I cut my losses and sold my investment... Put it into mint to try and recoup. :/

The so called market cap is not really an actual market cap to begin with, it's all projected, an illusion if you will. Therefore, you shouldn't take it as your only indicator as to how currencies are doing. Bitcoin is at the lowest point for months, all alts are suffering and I sure hope some of them will disappear. To cut losses is something you should have done much earlier as this is now a time to buy and hold. Not only your favorite altcoins, but Bitcoins and even Bitcoin mining equipment, both to be bought with fiat(!) as they are under huge price pressure right now. Imagine you could have bought 2 Dollar Bitcoins and ridiculously cheap mining rigs in November 2011. If you want to succeed in this market you have to have balls and put your fiat where your mouth is, at least if you believe Bitcoin will have a future.


When Bitcoin is recovering, and I have zero doubts about that, the dearly overall "marketcap" will shoot back up for all alts who make it that far.

As Moon has just fought a real battle for survival with implementing the Gravity Well and we have seen some actual community effort here, I will hold my MoonCoins. You can go and lock in all your losses by selling, I certainly won't.

As a bag holder. It's not the time to hold. It's the time to move into other markets that are going up now. When bitcoin rises again, those markets will do twice as well as moon. I could hold for a loooong time to get my money back, but that doesn't really make much sense. I made a bad decision. I made another bad decision by holding longer. Now I'm admitting my mistake and moving on.

Good for you.

[reverse02]

doesn't really matter if the price is down now .. "the moon" is a very stable constant
or do you think the moon will not rise tomorrow?
so i think there will always be demand for this coin .. in contrast to other coins which have random names and are easily forgotten (if they don't have some remarkable feature or community)
the dev here sounds reasonable and is active in a cool way
guess i am going to buy some more at this awesome price
anyway the real rise will be january next year, when the supply reduces
wonder how many people are strong enough to hold and buy

[coinflow]

I cant find a busy pool can anyone point me into the right direction

I would recommend P2Pool. It lasts a little longer to get the first payouts, but when it starts, it flows steadily.

Advantage: You don't have to sign up on those pools. Just use your wallet-address as username, x (or anything else) as a password and start mining.
Your shares are counted on every node of the network, so no matter which P2Pool you are using, as long as you are mining when a block is found, you get the payout according to your submitted shares immediately to your wallet-address. You even can change the P2Pools without losing a single share, because all that is used for accounting in the whole P2Pool-network is your wallet-address.
But remember: You have to mine constantly on the network (which is the same as any other PPLNS-pool) to really get good results. So this is nothing for pool-hoppers, but for loyal miners of a coin. In the end the resulting payout is - or at least should be - higher than on other (nonP2)pools, if you use P2Pool-nodes with a good efficieny (at least 90%, which you can always check out in the pool stats).
Also keep in mind that Mooncoin reward-sums are paid randomly, so for one found block you (respectively the P2Pool as a whole) could expect 1000 MOON, for other 2.000.000 (2,000,000 in English speaking). It equals out over time, so the average amount after mining some time should get nearer and nearer to ~1.000.000. What I want to say is: don't be disappointed, if the first one or two payouts are low. It will change, so you could also get real high payouts when a block with high reward is found.

I have been mining on a P2Pool-node since the last days with 10 MH and got very good results for Mooncoin.

BTW: The best thing of using P2Pool is the decentralising of mining-power. So the danger of 51%-attack of single pools will be fought.

Just try it. You won't be disappointed. But let your hashing-power run at least 24 hrs - better 48 hrs, to see the first (good) results. You will only get paid when a block is found and your payout-share grows over time until it reaches the value according to your hashrate, so be patient. We will find more blocks, if more hashing-power is distributed into P2Pool, so the variance will decrease.

Futher info can be found here:
https://en.bitcoin.it/wiki/P2Pool (it is explained for Bitcoin, but the funcionality for Mooncoin is just the same)
http://whatisp2pool.com/ (for Dogecoin, but applies to MOON also)
http://doges.org/index.php?topic=5586.0 (if you'd like to setup an own P2Pool-server locally for your farm - but you have to adapt it for Mooncoin (use the p2pool-code below, it works the same as the one in the instructions of the DOGE-link))
https://github.com/Rav3nPL/p2pool-rav (this one has Mooncoin-support already included)


edit: typo and additional information

[virtual_miner]

Seems real panic will occur when 5 stoshi price drops from buy side.

[bonesoul]

http://moon.coinium.org/

Coinium.org Network: http://www.coinium.org/poolmanager/
Graphs: http://www.coinium.org/poolmanager/pool/mooncoin/

[trcwhale]

MOONcoin is heading to the center of the earth!!!

Join the ride.

[Denmor]

Well, if the coin will survive, cheap prices would be a good thing for pumps. Just look at TIPS, from 30 laitoshi to 100 in one day.

[BTCat]

Even 1 satoshi is too much, 30 billion outstanding. This coin does not belong in btc market.

[Denmor]

Even 1 satoshi is too much, 30 billion outstanding. This coin does not belong in btc market.

53.6 billion DOGE doesn't agree with you.

[virtual_miner]

There are too much coins there that you CAN speculate with even 3-5 BTC's and you came here to WAIT and earn 2x with EASY money...

Dont FORGET

Big Fishes EAT some little BIG fishes..

If you are Some Little BIG fish you must EAT small fishes FIRST.




Look Moon Order Book at SELL side. Tons of Millions to be waited some one comes and BUYs..LOL  

[BTCat]

Even 1 satoshi is too much, 30 billion outstanding. This coin does not belong in btc market.

53.6 billion DOGE doesn't agree with you.

Doge has been 1 satoshi before and probably will be again. It has been hyped enormously on global scale, mooncoin does not even reflect it's light.
Both are pretty much useless.

[bitmango]

There are too much coins there that you CAN speculate with even 3-5 BTC's and you came here to WAIT and earn 2x with EASY money...

Dont FORGET

Big Fishes EAT some little BIG fishes..

If you are Some Little BIG fish you must EAT small fishes FIRST.


http://666kb.com/i/cm4f6imiuhtbeh6lr.jpg

Look Moon Order Book at SELL side. Tons of Millions to be waited some one comes and BUYs..LOL  

Why would a whale bother with such high sell orders?  I don't think you understand how a pump and dump works. They've already been and gone and left everyone trying to get out.

[bitmango]

Just looking at the cryptsy order book:

60 btc on the buy side.

124 btc needed to get the price to 10 satoshi
498 btc needed to get the price to 20 satoshi
940 btc needed to get the price to 30 satoshi

It's not suprising there are no buyers. This doesn't even count the LTC market or markets on different exchanges.. Somebody has made a royal fortune, and miners are fighting over the scraps. Anyone else who bought in before today has lost money and will likely never recoup their investment. That's the facts and why I sold my stash this morning at a 50% loss. The only way this coin can rise in price is if hundreds of people remove their orders or sell at a loss like I did. Not every one is going to do that.

[Denmor]

Doge has been 1 satoshi before and probably will be again. It has been hyped enormously on global scale, mooncoin does not even reflect it's light.
Both are pretty much useless.

Doge never been lower than 10 satoshi. I sold thousands of it for 100 satoshi before it even hit the exchange. Don't forget that those coins exist mainly for speculation. If you want to trade online, use bitcoin. Speculators don't need any innovations, and that's why there are so many shitcoins out there. Because those are just pump'n'dump stuff. Mooncoin is just a shitty clone of DOGE, but it surely won't die now because any person with a few BTC can make tons of money on it while there prices are so low. Let's hope some whales will pump it like x2 the current price like they did with almost every single coin on Cryptsy.

[virtual_miner]

Just looking at the cryptsy order book:

60 btc on the buy side.

124 btc needed to get the price to 10 satoshi
498 btc needed to get the price to 20 satoshi
940 btc needed to get the price to 30 satoshi

It's not suprising there are no buyers. This doesn't even count the LTC market or markets on different exchanges.. Somebody has made a royal fortune, and miners are fighting over the scraps. Anyone else who bought in before today has lost money and will likely never recoup their investment. That's the facts and why I sold my stash this morning at a 50% loss. The only way this coin can rise in price is if hundreds of people remove their orders or sell at a loss like I did. Not every one is going to do that.

This is why I try low volume speculative coins...At least if some one comes with 0.5 btc price rises very fast.
LOL...
%50 loss is nothng. You can cover at speculative low volume coins. Good luck sir.

[Viggy]

I am not sure people understand how pumps works. If you have noticed, the coin for sale on the sell side, has not changed in response to the dropping price - ideally, you would see Asks, decrease in value and get closer to the trading price. But, in Mooncoin, people have not changed their orders - why?

Blind optimism? I dont think so - they have a 100 other coins to speculate on with much thinner sell walls to beat.

Fake Sell Walls to push down price? Yes - there are 7.3 Billion Mooncoins for sale on Cryptsy (30% of all mooncoins in existence). My guess is that someone with a large horde of Bitcoins is pushing the price down (probably trading with himself too to fake some volume) and then all the sell walls will be removed for a massive, violent pump.

Just a theory.

I'm buying as price drops since Mooncoin will reach a block-halving before anyone else will (unless I am mistaken) - ~960 blocks a day = halving in 2 months. Halving makes alt coins fun.

[worth]

People seem to forget that Mooncoin and others are measured in Satoshi.  Satoshi is a fraction of Bitcoin.

So when Bitcoin rises in price, and it will do significantly later this year, then Mooncoin goes up in value even if it stays at the same number of Satoshi.  So you can still make a profit selling it for the same number of Satoshi when a Satoshi is worth more.

And as more companies start accepting a wide variety of altcoins, which they will, Moon and other alts will be able to be used to buy things directly and their value will rise.

So, to quote Douglas Adams... "Don't panic!"

[jaqen9]

And as more companies start accepting a wide variety of altcoins, which they will, Moon and other alts will be able to be used to buy things directly and their value will rise.

For that to happen, someone has to actively promote currency. I can't imagine, that all of alts succeed in that.

BTW, do you know anything about activities promoting this coin?

[disclaimer201]

I am not sure people understand how pumps works. If you have noticed, the coin for sale on the sell side, has not changed in response to the dropping price - ideally, you would see Asks, decrease in value and get closer to the trading price. But, in Mooncoin, people have not changed their orders - why?

Blind optimism? I dont think so - they have a 100 other coins to speculate on with much thinner sell walls to beat.

Fake Sell Walls to push down price? Yes - there are 7.3 Billion Mooncoins for sale on Cryptsy (30% of all mooncoins in existence). My guess is that someone with a large horde of Bitcoins is pushing the price down (probably trading with himself too to fake some volume) and then all the sell walls will be removed for a massive, violent pump.

Just a theory.

I'm buying as price drops since Mooncoin will reach a block-halving before anyone else will (unless I am mistaken) - ~960 blocks a day = halving in 2 months. Halving makes alt coins fun.

You really think some evil puppet masters would make it look like it's worth less by the day to rape us all in the end??? Naaah, that couldn't be, could it?!  Keep selling fools.

[worth]

And as more companies start accepting a wide variety of altcoins, which they will, Moon and other alts will be able to be used to buy things directly and their value will rise.

For that to happen, someone has to actively promote currency. I can't imagine, that all of alts succeed in that.

BTW, do you know anything about activities promoting this coin?

Not all alts will succeed necessarily, but far more will enjoy a degree of success than most people think.  Check out Coinpayments.net for an example of what we'll see in the near future -- merchants able to accept basically any altcoin they want.  It's up to the community to talk to Coinpayments and other similar services that are still in development to get them to accept Moon.

As for promotions, I am sending a sequence of lessons to my 25,000+ person newsletter about crypto right now.

Last week I introduced them to the basic concepts with the video you can see linked in my sig, and this week I'll be sending them video lessons showing how to download the Mooncoin wallet and how to receive funds. Any of them who share my lessons on Facebook, Twitter, etc. and send me their Moon address will be sent some Mooncoin, and they'll be entered into a drawing to win more. 
 
I'd planned to do this all sooner, but ran into some unrelated technical issues that held it up -- but I think the timing is better now anyway, with the updated wallets & difficulty settings.