[ANN] microCoin MRC - alcurEX - Scrypt-Jane - nFactor

[randywald]

What hashrate should a cpu achieve? Tested with Intel Pentium G3220 -> 1 kh/s. Tomorrow i will test with Intel Core i7 980X. Are there any settings i should set? Thank you

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[halibit]

It is nice to see this coin in the move again. But the problem is a lot of people try to keep this price as low as possible for profit. It is easy to see how much profits were made:
- Bought at 1 sat, sell at 2 or 3 sats (200-300% profit).
- Bought at 2 sat, sell at 3 or 4 sats (150-200% profit).
- Bought at 3 sat, sell at 4 or 5 sats (133-167% profit).

With this pattern it is easy to see why the 3 sats sell order wall was put back every time.

IMHO, for this coin to make a move to 10 sats range, it needs a lot of things to be happen like alcurex announcement or block rewards drop to 20k. Right now this coin is one of the most profitable coin to mine, and some big miners just dump at 2 or 3 sat because it is for them still the best option now.

Regards,

After watching the trades... There's a small whale sitting on the buys and sells... selling @3, with a buy @2.  As more people buy in, he may allow the price to swing up when he can still keep it in his control.  After that, the cards fall.  If the mining can pick up more though, it will change.  This is looking exactly like the buy/sell wall that FTC had i previously ranted on.  Anyone want to bet 1 MRC on the results?

That is simply not possible due to the size of the walls. Orders are filled I the order they are received. If there are 10 BTC of buy orders at 2 and you place an order to buy at two.... You are last to fill.

Your theory doesn't work. If it did it would be very easy to game the system.

I agree with what you are saying exactly, but not the result.  

As a whale, I put in a sell order of 10BTC worth at 3, and a buy at 2 worth 10BTC.  As people buy and sell, i make my profit.  Now add in others...  Total there's 11 BTC Selling at 3, and 11 buying at 2.  If its the same person who put in the 1 BTC, over time they will join in the game too.  If the 1 BTC on each is comprised of many different people, could argue i'm the only one winning.  I agree, its first come first served, but if you are the bulk of the volume of standing orders, it becomes moot.  in that example, 92% of the volume is passing through my hands, and I profit.  When you sell yours at 2, i'm turning around and selling it for 3.  Now the price could go up as people see the volume, and the price goes up, but as long as the volume doesn't kick up enough, the whale is able to create profit.  By the price being so low, from 2 to 3, thats super easy to do.  No one can come in at 2.1, or 2.9 and start to mess with the plan.  If the price does get higher, and the gap wider... the whale will only allow the gap to grow wide enough so that if you tried to buy and sell from a different exchange the fees would eat away at the profit.

*** Its going to be a little tough to read through some of the random chatter, here's the FTC forum thread discussing when their happened.  Its amazing some of the chatter is the same as on here.

https://forum.feathercoin.com/index.php?/topic/6276-feathercoin-on-the-rise/page-2

You are right about hedging. It's old trading method and altcoins are good target because of low volume.
Don't sell when price is low.

[Stratobitz]

It is nice to see this coin in the move again. But the problem is a lot of people try to keep this price as low as possible for profit. It is easy to see how much profits were made:
- Bought at 1 sat, sell at 2 or 3 sats (200-300% profit).
- Bought at 2 sat, sell at 3 or 4 sats (150-200% profit).
- Bought at 3 sat, sell at 4 or 5 sats (133-167% profit).

With this pattern it is easy to see why the 3 sats sell order wall was put back every time.

IMHO, for this coin to make a move to 10 sats range, it needs a lot of things to be happen like alcurex announcement or block rewards drop to 20k. Right now this coin is one of the most profitable coin to mine, and some big miners just dump at 2 or 3 sat because it is for them still the best option now.

Regards,

After watching the trades... There's a small whale sitting on the buys and sells... selling @3, with a buy @2.  As more people buy in, he may allow the price to swing up when he can still keep it in his control.  After that, the cards fall.  If the mining can pick up more though, it will change.  This is looking exactly like the buy/sell wall that FTC had i previously ranted on.  Anyone want to bet 1 MRC on the results?

That is simply not possible due to the size of the walls. Orders are filled I the order they are received. If there are 10 BTC of buy orders at 2 and you place an order to buy at two.... You are last to fill.

Your theory doesn't work. If it did it would be very easy to game the system.

I agree with what you are saying exactly, but not the result.  

As a whale, I put in a sell order of 10BTC worth at 3, and a buy at 2 worth 10BTC.  As people buy and sell, i make my profit.  Now add in others...  Total there's 11 BTC Selling at 3, and 11 buying at 2.  If its the same person who put in the 1 BTC, over time they will join in the game too.  If the 1 BTC on each is comprised of many different people, could argue i'm the only one winning.  I agree, its first come first served, but if you are the bulk of the volume of standing orders, it becomes moot.  in that example, 92% of the volume is passing through my hands, and I profit.  When you sell yours at 2, i'm turning around and selling it for 3.  Now the price could go up as people see the volume, and the price goes up, but as long as the volume doesn't kick up enough, the whale is able to create profit.  By the price being so low, from 2 to 3, thats super easy to do.  No one can come in at 2.1, or 2.9 and start to mess with the plan.  If the price does get higher, and the gap wider... the whale will only allow the gap to grow wide enough so that if you tried to buy and sell from a different exchange the fees would eat away at the profit.

*** Its going to be a little tough to read through some of the random chatter, here's the FTC forum thread discussing when their happened.  Its amazing some of the chatter is the same as on here.

https://forum.feathercoin.com/index.php?/topic/6276-feathercoin-on-the-rise/page-2

You are right about hedging. It's old trading method and altcoins are good target because of low volume.
Don't sell when price is low.

Put that way, I suppose yes. But the person placing the large trades wouldn't want to place one large trade, but multiple small trades timed with entry and exit points. So he can pull last to fill orders if need be and still get his orders up front filled.  Tricky, but I'm sure people are doing it.

[pandas_talks]

hello 1 satoshi

[Del137]

I dont see 1 sat.  Stop whining. Its normal for rate rising and falling.

3 sat at mintpal and 2-3 sat (88 lit) at poloniex.  Its 3-4 times higher than was 2 days ago.  And this rising was not expected so early.

[pandas_talks]

oh ok. but noone is whining. have a look at the volumes for the last hours. in 4-5 hours it will be about 15btc

[Del137]

Yes, it was unexpected pump for someone's reason. Temporary. Like 50-100 BTC splash with followed other minor players.
To get MRC stable rising (i prefer low stable rise than such fast pump - it had to be equal or close with like LTC mining) for example mining with today speed/rate i get same amount of MRC which IF i sell to LTC will be same or close as if i mine directly LTC itself..

Good news - rate cant fall lower its mining mentioned above, and we got difficulty rised alot and reward lower and lower with each day..   So 2 sat. rate is ok for today.

Yet, its good advertisement anyway, everyone like pumps 

[Don007]

We've nothing to complain about. We're clearly on our way up.

Yes, it was unexpected pump for someone's reason. Temporary. Like 50-100 BTC splash with followed other minor players.
To get MRC stable rising (i prefer low stable rise than such fast pump - it had to be equal or close with like LTC mining) for example mining with today speed/rate i get same amount of MRC which IF i sell to LTC will be same or close as if i mine directly LTC itself..

Good news - rate cant fall lower its mining mentioned above, and we got difficulty rised alot and reward lower and lower with each day..  So 2 sat. rate is ok for today.

Yet, its good advertisement anyway, everyone like pumps 

I'd prefer stable rising too. It would be great if that happens from now on. We'll need a lot of buy orders to fullfill the sell orders, but that isn't a mission impossible for sure!

[pandas_talks]

and now its the tine to buy^^

[pandas_talks]

i don't even know what to do. to be glad or sad because of the 3sat price. I want the coin to be expensive because I have a lot of them but I also want to buy moar at 1sat
what's the news about alcurex and stuff?

[cryptofella]

There was talk on alcurex thread that shareholders are able to test it on friday evening. I'm hoping it's soon open.

[pandas_talks]

There was talk on alcurex thread that shareholders are able to test it on friday evening. I'm hoping it's soon open.

so the price won't fall. damn) so I'll try to buy for 2sat

[randywald]

Some coins at 2 satoshi left: https://poloniex.com/exchange/btc_mrc

[cryptofella]

There was talk on alcurex thread that shareholders are able to test it on friday evening. I'm hoping it's soon open.

so the price won't fall. damn) so I'll try to buy for 2sat

That seems to be the case. But microCoin is still as low as 61th at coinmarketcap. One can buy now at 2 or 3 sat and still profit a lot.

[pandas_talks]

Some coins at 2 satoshi left: https://poloniex.com/exchange/btc_mrc

gone already)
I didn't even know that poloniex brought btc/mrc back

[tygarbyte]

Some coins at 2 satoshi left: https://poloniex.com/exchange/btc_mrc

Still some at Mintpal @ 2 sat, however there is a 50 BTC wall at 1.

[Wesiematic]

are there any news as example from Alcurex?

[Del137]

are there any news as example from Alcurex?

 I heard about beta planned this weekend - halibit testing it today. waiting for update  
proof - https://bitcointalk.org/index.php?topic=458732.msg6288037#msg6288037

[tbearhere]

could someone please post the beginning command codes for this coin for CUDAMINER   thank you

[Del137]

could someone please post the beginning command codes for this coin for CUDAMINER   thank you

i dont have Nvidia cards, but maybe this (YAC coin was one of parents of scrypt-jane MRC) will help http://cryptomining-blog.com/tag/scrypt-jane/