█ █ [NUT] NutCoin █ █ Season 01 Episode 04 █ █

[lemfuture]

This coin is dead.-

lol its only 3rd episode

[RouletteRun]

Earlier today I sent the dev the info to update the 1st post in regards to current mining pools and exchanges in a PM and he has updated it with the current information. 

[RouletteRun]

NUTs just need time to grow into trees

I agree, and nut trees are slow growers. 

[949miner]

and nutcoin.com is down again

 

[SlowlyButSurely]

fucking OVH. They have shutdown the VM again. I can not sleep 2 days before this website goes down ;-)
We're on it. Sorry for this.

[Jonesd]

Earlier today I sent the dev the info to update the 1st post in regards to current mining pools and exchanges in a PM and he has updated it with the current information. 

Good news

[RouletteRun]

We are still in need of votes, 6 votes per hour for registered users: https://www.mintpal.com/voting

[lemfuture]

We are still in need of votes, 6 votes per hour for registered users: https://www.mintpal.com/voting

dam i just voted qqc 

[luck5]

It's been at episode 3 for weeks, what about move on?!

[RouletteRun]

I don't know how many of you play the coin markets, but I have been and for the past few weeks I've been seeing some troubling signs in the market and it's my belief that we are getting ready to go into a period of consolidation. What I've been seeing is generally lower coin prices across the board and even when looking at the CoinWarz web site and you look at the column that tells you how many days of mining that coin it will take for you to earn one Bitcoin and where there used to be some of the best that you could do it in about a month, now it's almost two months of mining what they say is the most profitable coin to make one Bitcoin. I think there's a couple of reasons for this happening:

   1) I think the flood of new coins has outpaced the influx of new cash into the market, this means that what money there is in the market is being diluted among an ever growing number of coins, which means less competition to buy each individual coin and less competition leads to lower prices, it's the classic "supply and demand theory" and right now there are too many coins on the market.

   2) I also believe that since Bitcoin seems to have survived the Mt. Gox crash and burn relatively unscathed and is now holding its own on the markets, either people are taking some of their coin money out of the altcoins and putting it into Bitcoin or profit taking by converting it into fiat and totally out of the market.

While in my opinion it would be healthy for the market as a whole, I think we might be on the verge of seeing some of the "also ran" coins collapse due to lack of interest and I don't think it's gonna be painless either, it's my belief that coin prices might fall quite a bit more before this has run its course, which makes it that much harder for miners to find a profitable coin to mine. I'm hoping that we can find a way to immunize Nutcoin from this, but it might be tough to do completely. I think I'm of the belief that we just need to keep doing the things we're doing right now, which is to continue spreading the word about Nutcoin's existence and trying to find uses for our coin. Don't be too surprised if we don't lose some more exchanges along with the drop in the number of coins. At the moment, I'm hoping this will all be over in a couple of months, but I don't know that it will be, it might be a long dry summer. It's my hope that the coins that come out on the other side of all this will be a stronger bunch and once competition for the fewer remaining coins is increased, the prices will then come back up, maybe even stronger than before this downturn started. I'm sure the market would be more healthy with fewer coins. I don't know what this will all mean for Nutcoin, but it's my hope that we as a group will pull together and rally around our coin to keep it and each other going, but I just thought I should warn all of you what I believe is in the process of taking place so that nobody is surprised if and or when it starts to seem like the sky is falling. It's also my hope that both Nutcoin and our group is going to be able to come together to insure the survival of our coin and that we will take the time to encourage each other as we go forward.

Since I am the eternal optimist, it's also quite possible that I'm wrong about what I think we're seeing, the opening rounds of what might turn out to be a sever downturn lasting a few weeks, a few months and I certainly hope not an even more extended period of time. The problem is, while am I the eternal optimist, but I also try to be a realist as much as I can be, which has caused me to read these tea leaves the way I have.

Keep mining, voting to get us onto more exchanges and looking for uses for our coin and don't overlook existing businesses that we might be able to talk into accepting our coin for goods or services.

Happy Mining

[Jonesd]

I don't know how many of you play the coin markets, but I have been and for the past few weeks I've been seeing some troubling signs in the market and it's my belief that we are getting ready to go into a period of consolidation. What I've been seeing is generally lower coin prices across the board and even when looking at the CoinWarz web site and you look at the column that tells you how many days of mining that coin it will take for you to earn one Bitcoin and where there used to be some of the best that you could do it in about a month, now it's almost two months of mining what they say is the most profitable coin to make one Bitcoin. I think there's a couple of reasons for this happening:

   1) I think the flood of new coins has outpaced the influx of new cash into the market, this means that what money there is in the market is being diluted among an ever growing number of coins, which means less competition to buy each individual coin and less competition leads to lower prices, it's the classic "supply and demand theory" and right now there are too many coins on the market.

   2) I also believe that since Bitcoin seems to have survived the Mt. Gox crash and burn relatively unscathed and is now holding its own on the markets, either people are taking some of their coin money out of the altcoins and putting it into Bitcoin or profit taking by converting it into fiat and totally out of the market.

While in my opinion it would be healthy for the market as a whole, I think we might be on the verge of seeing some of the "also ran" coins collapse due to lack of interest and I don't think it's gonna be painless either, it's my belief that coin prices might fall quite a bit more before this has run its course, which makes it that much harder for miners to find a profitable coin to mine. I'm hoping that we can find a way to immunize Nutcoin from this, but it might be tough to do completely. I think I'm of the belief that we just need to keep doing the things we're doing right now, which is to continue spreading the word about Nutcoin's existence and trying to find uses for our coin. Don't be too surprised if we don't lose some more exchanges along with the drop in the number of coins. At the moment, I'm hoping this will all be over in a couple of months, but I don't know that it will be, it might be a long dry summer. It's my hope that the coins that come out on the other side of all this will be a stronger bunch  and once competition for the fewer remaining coins is increased, the prices will then come back up, maybe even stronger than before this downturn started. I'm sure the market would be more healthy with fewer coins. I don't know what this will all mean for Nutcoin, but it's my hope that we as a group will pull together and rally around our coin to keep it and each other going, but I just thought I should warn all of you what I believe is in the process of taking place so that nobody is surprised if and or when it starts to seem like the sky is falling. It's also my hope that both Nutcoin and our group is going to be able to come together to insure the survival of our coin and that we will take the time to encourage each other as we go forward.

Since I am the eternal optimist, it's also quite possible that I'm wrong about what I think we're seeing, the opening rounds of what might turn out to be a sever downturn lasting a few weeks, a few months and I certainly hope not an even more extended period of time. The problem is, not am I the eternal optimist, but I also try to be a realist as much as I can be, which has caused me to read these tea leaves the way I have.

Keep mining, voting to get us onto more exchanges and looking for uses for our coin and don't overlook existing businesses that we might be able to talk into accepting our coin for goods or services.

Happy Mining

Great analysis. Nutcoin will remain profitable, because value is low and mining is easy, don't you think?

[RouletteRun]

Great analysis. Nutcoin will remain profitable, because value is low and mining is easy, don't you think?

That's what I'm saying, I'm hoping that we can weather the storm.

This morning I put my money where my mouth is a little bit and bought a few votes. On MintPal, you can buy votes for any of the coins on their list. For each 0.00005 BTC sent = 1 vote and as I found out, there is a 0.0002 BTC processing fee if the payment sent comes out of you MintPal account, but in theory, each BTC penny or 0.0100 sent = 200 votes. I sent 0.01 BTC which was turned into 0.0098 due to the transaction fee this morning, but aside from my physically voting multiple times a day to help us move up the line. If I could get 4 more guys (gals) to send in a single Bitcoin penny, that would turn into approximately 1000 votes today.

The confirmation address is linked to the payment address, or you can go to MintPal's voting page and scroll down until you find Nutcoin and find this same address, but if you click on it, it will take you to the paid voting confirmation site and you can view the entire history of bought votes for Nutcoin or do the same for any of the other coins listed on their site.

https://www.mintpal.com/voting

https://blockchain.info/address/1GKB8X9cxEcNe5e7TwtanautaeZsAg3YtL

1GKB8X9cxEcNe5e7TwtanautaeZsAg3YtL

In this case, our page wouldn't let me attach the link directly to the payment address, but you can follow the links provided to insure what I'm telling you is correct and not me trying to scam money from you. I know many of us don't want to be bothered by voting multiple times daily, but if you want to help out this would only take a few minutes and as I write this, each Bitcoin penny is worth $6.29 USD

[dmx374]

New server for the site is up. Site will be back online this night.

[Jonesd]

New server for the site is up. Site will be back online this night.

Good stuff

[RouletteRun]

New server for the site is up. Site will be back online this night.

Excellent  

I have sent an inquiry to this site: http://bombsweeper.com/# to see what it would take to have Nutcoin listed as a method of payment.

[BlondieGirl]

Long time no see Was off dealing with some personal matters, but don't think you can get rid of me that easily

As far as Nutcoin being dead... You can't kill it that easily.

[GOLDbarISmine]

longlive my nuts!     

[SlowlyButSurely]

New server for the site is up. Site will be back online this night.

Excellent  

I have sent an inquiry to this site: http://bombsweeper.com/# to see what it would take to have Nutcoin listed as a method of payment.

Nutcoin's listed as an accepted currency now! Good work man!
The 'site (nutcoin.com) is back up too.

The seeds are starting to grow

[Jonesd]

New server for the site is up. Site will be back online this night.

Excellent  

I have sent an inquiry to this site: http://bombsweeper.com/# to see what it would take to have Nutcoin listed as a method of payment.

Nutcoin's listed as an accepted currency now! Good work man!
The 'site (nutcoin.com) is back up too.

The seeds are starting to grow

This site is a scam. They are a blatant copy of another site and seem to have no pay-outs. Don't do it:)

[miningpoolhub]

Nutcoin Mining Pool Hub

http://nutcoin.miningpoolhub.com

- 0% Fee
- US / Asia servers
- Very fast, reliable, secure.


Also you can mine other coins on miningpoolhub by single sign up.

Come and mine together.