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Author Topic: [ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014  (Read 1106872 times)
coinflow
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February 24, 2014, 11:49:16 AM
Last edit: February 24, 2014, 12:24:17 PM by coinflow
 #5301

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
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February 24, 2014, 02:15:08 PM
 #5302

Seems real panic will occur when 5 stoshi price drops from buy side. Kiss
bonesoul
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February 24, 2014, 02:35:30 PM
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trcwhale
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February 24, 2014, 03:07:49 PM
 #5304

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

Join the ride.
Denmor
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February 24, 2014, 03:28:19 PM
 #5305

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.

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BTCat
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February 24, 2014, 03:32:48 PM
 #5306

Even 1 satoshi is too much, 30 billion outstanding. This coin does not belong in btc market.
Denmor
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February 24, 2014, 03:38:33 PM
 #5307

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.

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virtual_miner
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February 24, 2014, 03:39:51 PM
 #5308

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  Kiss
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February 24, 2014, 03:52:07 PM
 #5309

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
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February 24, 2014, 03:58:13 PM
 #5310

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  Kiss

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.
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February 24, 2014, 04:12:58 PM
 #5311

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.
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February 24, 2014, 04:15:07 PM
 #5312

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.


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virtual_miner
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February 24, 2014, 04:17:33 PM
 #5313

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
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February 24, 2014, 10:42:08 PM
 #5314

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
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February 24, 2014, 11:44:00 PM
 #5315

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
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February 25, 2014, 12:08:13 AM
 #5316

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
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February 25, 2014, 12:13:57 AM
 #5317

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?!  Roll Eyes Keep selling fools.
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February 25, 2014, 01:26:42 AM
 #5318

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. 
virtual_miner
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February 25, 2014, 04:35:24 AM
 #5319

Now prices drop to 4 stoshi but people continue to sell.

It is getting more exciting to watch the order book.  Kiss
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February 25, 2014, 05:04:25 AM
 #5320

This is a tough call to make for someone but it is definitely a good call.  And I respect someone who admits it.  I can only shake my head at people who go down with this dying ship, but hey... those people leave more room for me to profit it other markets.

"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."

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