[ANN][MONA] Monacoin LAUNCHING 2014/01/01 0:00 GMT

[Alvineac]

I want to buy 5000 for mona 0.3BTC .... Contact me! 

[itsallpc]

i have 110 mona for litecoin

[Scribbles646]

Willing to buy your mona stake:

min amount: 500
max amount: 5000

0.0004 LTC per 1 MONA

A very generous offer for this yet unlisted coin.

[IlPresidenteX]

Willing to buy your mona stake:

min amount: 500
max amount: 5000

0.0004 LTC per 1 MONA

A very generous offer for this yet unlisted coin.

Price too low

[granathus]

Buying MONA.

Got 1 BTC to spend, PM me with your best offer.

[IlPresidenteX]

Buying MONA.

Got 1 BTC to spend, PM me with your best offer.

48000

[p2pool.name]

[ANN][P2POOL][STRATUM] - [MONA] - http://p2pool.name:9904

Hello Miners!

We added MONA support.

Reliable p2pool based in Europe.
- static ip
- low latency
- fast server
- fast internet connection

Server ist up & running.
Fee will be 1.0%.

No registration required. Just join, mine and get paid.

Username: payoutaddress
Password: anything


MONA - Monacoin
http://p2pool.name:9904

Happy mining !
Cyber & Knauf1

(Email: info@p2pool.name)

[robzordoge]

Guys we have a working exchange, use it!

http://monatr.jp/orderbook 

Current buy rate is 44500 to 1 BTC
current sell rate is 23436 to 1 BTC

[Scribbles646]

Willing to buy your mona stake:

min amount: 500
max amount: 5000

0.0004 LTC per 1 MONA

A very generous offer for this yet unlisted coin.

Price too low

I don't think its entirely out of line for a coin that hasn't even reached the low volume alt exchanges, may not even get listed at all, there's a significant risk.
Using the data I've collected I've calculated the current market entry price to be quite close to $0.01 usd per mona*, those who started before much earlier than today would have less invested in proportion to share of the total stake they now hold.

Early adopters have the opportunity now to exit the market, without incurring losses, likely getting a fair profit, while the buyers(myself included) assume the very high risk of a asset with extremely low liquidity, and the fair chance of 0% R.O.I.

Economics are one of my primary fields of expertise, I normally don't work for free, so don't expect any more free assessments.  (But contact me if you need someone to crunch the numbers and work out the economics of a coin)

*(My full mona assessment is not included here, but is written in my notebook if needed)

[granathus]

Willing to buy your mona stake:

min amount: 500
max amount: 5000

0.0004 LTC per 1 MONA

A very generous offer for this yet unlisted coin.

Price too low

I don't think its entirely out of line for a coin that hasn't even reached the low volume alt exchanges, may not even get listed at all, there's a significant risk.
Using the data I've collected I've calculated the current market entry price to be quite close to $0.01 usd per mona*, those who started before much earlier than today would have less invested in proportion to share of the total stake they now hold.

Early adopters have the opportunity now to exit the market, without incurring losses, likely getting a fair profit, while the buyers(myself included) assume the very high risk of a asset with extremely low liquidity, and the fair chance of 0% R.O.I.

Economics are one of my primary fields of expertise, I normally don't work for free, so don't expect any more free assessments.  (But contact me if you need someone to crunch the numbers and work out the economics of a coin)

*(My full mona assessment is not included here, but is written in my notebook if needed)

This may be true, but it doesn't make your offer "very generous". It is a calculated risk, therefore reasonable, not generous.

[Scribbles646]

Willing to buy your mona stake:

min amount: 500
max amount: 5000

0.0004 LTC per 1 MONA

A very generous offer for this yet unlisted coin.

Price too low

I don't think its entirely out of line for a coin that hasn't even reached the low volume alt exchanges, may not even get listed at all, there's a significant risk.
Using the data I've collected I've calculated the current market entry price to be quite close to $0.01 usd per mona*, those who started before much earlier than today would have less invested in proportion to share of the total stake they now hold.

Early adopters have the opportunity now to exit the market, without incurring losses, likely getting a fair profit, while the buyers(myself included) assume the very high risk of a asset with extremely low liquidity, and the fair chance of 0% R.O.I.

Economics are one of my primary fields of expertise, I normally don't work for free, so don't expect any more free assessments.  (But contact me if you need someone to crunch the numbers and work out the economics of a coin)

*(My full mona assessment is not included here, but is written in my notebook if needed)

This may be true, but it doesn't make your offer "very generous". It is a calculated risk, therefore reasonable, not generous.

Calculated risk, true, but I consider it a generous offer since the lifetime cost per unit averages far less than the current entry price. Paying greater than new unit price for an asset that has a high and very real risk of total loss(0% R.O.I.) and nearly zero liquidity, would be unwise. Anything greater than new unit cost is illogical from my standpoint, and I've offered greater than 90% of that, therefore calculated generosity.

[Korporal]

Here is my take on MONA.

I was, as recently as today, going to dump all my MONA for cheap. Why? I didn't think this coin was going anywhere.
Then I changed my mind.
More specifically, I remembered something from my youth.

When I was 12, I had a job at a paddle manufacturing facility. We made kayak paddles and canoe paddles. We made something like 20-30 paddles a week (my memory is foggy, this was 30yrs ago).
Suddenly, out of the blue, we were exporting hundreds of kayak paddles. Couldn't keep up with orders. Backordered for months.
Why?

For some reason I will never understand, hanging kayak paddles above your mantle became in vogue in Japan. 

Then, as soon as we started to get orders under control, the fad ended. Back to 20-30 paddles a week.

The point to my story is, when the Japanese people get wind of something perceived as new and cool (and their friends like and/or use it), all bets are off. A strange kind of mania takes over and if you catch the wave at the right time you can profit handsomely.

I realise this little anecdote may be irrelevant to crypto-mining and currency speculation, but it did make me stop and hold my MONA. All I have to lose is few hours of hashing. Hats off to the speculators, I wouldn't do it but it takes balls and risk to make $$, eh? 

[robzordoge]

Here is my take on MONA.

I was, as recently as today, going to dump all my MONA for cheap. Why? I didn't think this coin was going anywhere.
Then I changed my mind.
More specifically, I remembered something from my youth.

When I was 12, I had a job at a paddle manufacturing facility. We made kayak paddles and canoe paddles. We made something like 20-30 paddles a week (my memory is foggy, this was 30yrs ago).
Suddenly, out of the blue, we were exporting hundreds of kayak paddles. Couldn't keep up with orders. Backordered for months.
Why?

For some reason I will never understand, hanging kayak paddles above your mantle became in vogue in Japan. 

Then, as soon as we started to get orders under control, the fad ended. Back to 20-30 paddles a week.

The point to my story is, when the Japanese people get wind of something perceived as new and cool (and their friends like and/or use it), all bets are off. A strange kind of mania takes over and if you catch the wave at the right time you can profit handsomely.

I realise this little anecdote may be irrelevant to crypto-mining and currency speculation, but it did make me stop and hold my MONA. All I have to lose is few hours of hashing. Hats off to the speculators, I wouldn't do it but it takes balls and risk to make $$, eh? 

Want more reason to hold? 
Check out http://www.reddit.com/r/monacoin 
Now compare it to the other alt coins like cagecoin, kittehcoin, mooncoin, billioncoin, ronpaulcoin. 
Monacoin has people opening up shops accepting monacoin. All those coins above don't
Monacoin users opened up their own exchange. THEY OPENED UP THEIR OWN FULLY FUNCTIONAL EXCHANGE! http://monatr.jp/orderbook
Monacoin users are actively developing, screenshot of wallet app on reddit. Website that incorporates ransom for showing secret text.

The coins above are all on Coinedup and doing horribly(rpc doing okay maybe) because the people who have them only wanted to dump them.

Monacoin is actually being used for its intended purpose, a medium for exchange.

[splitting]

Bump, does anyone know the current MONA/BTC rate?

[Korporal]

Bump, does anyone know the current MONA/BTC rate?

I can't read japanese but the previous poster had a link with prices http://monatr.jp/orderbook

EDIT: http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fmonatr.jp%2Forderbook

[Scribbles646]

Bump, does anyone know the current MONA/BTC rate?

Without vetted and accessible exchange ready, I give the following advice.
There are some very high sell offers but I strongly advise against paying above $0.01usd(or about 0.00045 LTC), which is about the current avg production price(including capital costs) per MONA for new entrants. Meaning anything more than that I would advise you simply invest in additional hardware, as it would likely give you more return on your investment, with far less risk.

[splitting]

Bump, does anyone know the current MONA/BTC rate?

Without vetted and accessible exchange ready, I give the following advice.
There are some very high sell offers but I strongly advise against paying above $0.01usd(or about 0.00045 LTC), which is about the current avg production price(including capital costs) per MONA for new entrants. Meaning anything more than that I would advise you simply invest in additional hardware, as it would likely give you more return on your investment, with far less risk.

Well, let's say I have 3k, how much would I be able to get out of it?

[Scribbles646]

Bump, does anyone know the current MONA/BTC rate?

Without vetted and accessible exchange ready, I give the following advice.
There are some very high sell offers but I strongly advise against paying above $0.01usd(or about 0.00045 LTC), which is about the current avg production price(including capital costs) per MONA for new entrants. Meaning anything more than that I would advise you simply invest in additional hardware, as it would likely give you more return on your investment, with far less risk.

Well, let's say I have 3k, how much would I be able to get out of it?

By the numbers I would give that a maximum value of about 1.35 LTC using todays numbers.
It may be worth crazy prices in the future, and its far less inflationary then things like Doge or Earthcoin, so it is more likely to maintain and or increase its value as a function of time if it is lucky enough gain greater acceptance.

Outside of that I'll also say its worth what someone will pay, I'm sure someone will disagree with my valuation, and that's there right, but at the end of the day I'm a businessman whos job it is to make the most money possible, and after running the numbers it becomes more profitable to buy mining equipment at prices over that.

I'm sure someone the right person may give you more, and if you can get lots more go for it, caveat emptor.

[FamousRocky]

http://monatr.jp/orderbook

currently, 1 MONA = 0.0001 BTC
so, 3000 MONA should be worth 0.3 BTC

[skillface]

Is anyone even able to post orders there at the moment? I keep trying but no matter what I put it comes up saying "Invalid amount specified", even though I successfully sold some MONA there earlier. And as far as I know there's no minimum limit on orders, I managed to put up orders in the past with less than 1MONA for sale.

Also I went to withdraw BTC and out of the 0.0773 it was meant to send out it only sent out 0.07. I can't withdraw the rest because of the minimum 0.01 withdrawal limit..