[ANN][NYAN] NyanCoin - ★★★THE FIRST OFFICIALLY LICENCED CRYPTOCURRENCY!★★★

[vmv_]

Going to disable registration soon, the hashrate is getting too big.
We need more pools. disabled block finder bonus.

What reason to disable registration?

Share is ~ 25% ... not critical ...




 
 

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[Nullu]

Well, difficulty jumped. I'm out for the time being. Too little return for my poor 900mhash/sec rig.

Still a big fan of this coin though, so will continue to show my support.

[nrhs05]

looks like somoene with a 100mh/s miner setup just jumped in

[uiunavie]

wow..seems the 100MH/s is solo mining..

[Simcom]

wow..seems the 100MH/s is solo mining..

Yep, that's exactly what happened - around 7AM Eastern time US (~4.5 hours ago) network hashrate jumped suddenly jumped ~110Mhash.  I was monitoring the size of the pools and it was obvious it was not someone mining on a pool.  It COULD be an auto-switching pool - but this is unlikely because NYAN is not on a big exchange yet so they can't set a price and they would only switch to mining NYAN if it was currently the most profitable coin according to the exchanges.

On one had I think it's great that NYAN has gained the attention of one of the bigtime mining farms, but this development could actually be very dangerous because they are only ~ 30Mhash from breaking the 51% threshold.

[Nullu]

wow..seems the 100MH/s is solo mining..

Yep, that's exactly what happened - around 7AM Eastern time US (~4.5 hours ago) network hashrate jumped suddenly jumped ~110Mhash.  I was monitoring the size of the pools and it was obvious it was not someone mining on a pool.  It COULD be an auto-switching pool - but this is unlikely because NYAN is not on a big exchange yet so they can't set a price and they would only switch to mining NYAN if it was currently the most profitable coin according to the exchanges.

On one had I think it's great that NYAN has gained the attention of one of the bigtime mining farms, but this development could actually be very dangerous because they are only ~ 30Mhash from breaking the 51% threshold.

Not only that, but to have a whale jump in at this difficulty level means they'll get a very large number of coins. It also means the smaller miners get a smaller share, so it may dissuade some of them. It's already made it unprofitable for me in terms of speculation mining.

[Simcom]

We NEED MORE POOLS.  It's going to be hard to maintain all pools below 50% if we only have three pools total.  Especially if one pool goes down due to heavy load (which seems likely at this point). Can we get a couple cool bros to launch new pools?  Also, if you have >5 Mhash please consider solo-mining, you will hit a block once every ~45 minutes with 5 Mhash.

[atheistftwins]

wow..seems the 100MH/s is solo mining..

Yep, that's exactly what happened - around 7AM Eastern time US (~4.5 hours ago) network hashrate jumped suddenly jumped ~110Mhash.  I was monitoring the size of the pools and it was obvious it was not someone mining on a pool.  It COULD be an auto-switching pool - but this is unlikely because NYAN is not on a big exchange yet so they can't set a price and they would only switch to mining NYAN if it was currently the most profitable coin according to the exchanges.

On one had I think it's great that NYAN has gained the attention of one of the bigtime mining farms, but this development could actually be very dangerous because they are only ~ 30Mhash from breaking the 51% threshold.

Not only that, but to have a whale jump in at this difficulty level means they'll get a very large number of coins. It also means the smaller miners get a smaller share, so it may dissuade some of them. It's already made it unprofitable for me in terms of speculation mining.

There's nothing we can do against someone with 110MH/S jumping into the network. I think we should see it as a good thing, if a big player is serious about NYAN that means that we are getting real popularity. Look, here's how I see it: If someone has the power to throw around 110 MH/s, they probably have a very strong incentive to promote this coin and make it valuable. This guy's opportunity cost is like $1500/day (if he was mining DOGE). In other words, he's buying ~200,000 of nyan for $1500/day. He won't do this unless he either strongly believes it will go up more than that or he has plans to promote it more.

Edit: Also, I'd like to say that this is probably the end of the sub 2 difficulties. NYAN is going strong and steadily rising, which is way better than having the hash jump really fast then a lot of miners bailing. I really like how the devs are handling promotion with small improvements consistently.

[nrhs05]

wow..seems the 100MH/s is solo mining..

Yep, that's exactly what happened - around 7AM Eastern time US (~4.5 hours ago) network hashrate jumped suddenly jumped ~110Mhash.  I was monitoring the size of the pools and it was obvious it was not someone mining on a pool.  It COULD be an auto-switching pool - but this is unlikely because NYAN is not on a big exchange yet so they can't set a price and they would only switch to mining NYAN if it was currently the most profitable coin according to the exchanges.

On one had I think it's great that NYAN has gained the attention of one of the bigtime mining farms, but this development could actually be very dangerous because they are only ~ 30Mhash from breaking the 51% threshold.

Not only that, but to have a whale jump in at this difficulty level means they'll get a very large number of coins. It also means the smaller miners get a smaller share, so it may dissuade some of them. It's already made it unprofitable for me in terms of speculation mining.

There's nothing we can do against someone with 110MH/S jumping into the network. I think we should see it as a good thing, if a big player is serious about NYAN that means that we are getting real popularity. Look, here's how I see it: If someone has the power to throw around 110 MH/s, they probably have a very strong incentive to promote this coin and make it valuable. This guy's opportunity cost is like $1500/day (if he was mining DOGE). In other words, he's buying ~200,000 of nyan for $1500/day. He won't do this unless he either strongly believes it will go up more than that or he has plans to promote it more.

Edit: Also, I'd like to say that this is probably the end of the sub 2 difficulties. NYAN is going strong and steadily rising, which is way better than having the hash jump really fast then a lot of miners bailing. I really like how the devs are handling promotion with small improvements consistently.

In my view if the network hash rate reaches 2gh/s its still profitable to mine with the extra 100mh/s even if you only have 1-2 gpus.... network hash is going no where but up over the next few weeks as far as i am converned

[braxx]

wow..seems the 100MH/s is solo mining..

Yep, that's exactly what happened - around 7AM Eastern time US (~4.5 hours ago) network hashrate jumped suddenly jumped ~110Mhash.  I was monitoring the size of the pools and it was obvious it was not someone mining on a pool.  It COULD be an auto-switching pool - but this is unlikely because NYAN is not on a big exchange yet so they can't set a price and they would only switch to mining NYAN if it was currently the most profitable coin according to the exchanges.

On one had I think it's great that NYAN has gained the attention of one of the bigtime mining farms, but this development could actually be very dangerous because they are only ~ 30Mhash from breaking the 51% threshold.

Not only that, but to have a whale jump in at this difficulty level means they'll get a very large number of coins. It also means the smaller miners get a smaller share, so it may dissuade some of them. It's already made it unprofitable for me in terms of speculation mining.

There's nothing we can do against someone with 110MH/S jumping into the network. I think we should see it as a good thing, if a big player is serious about NYAN that means that we are getting real popularity. Look, here's how I see it: If someone has the power to throw around 110 MH/s, they probably have a very strong incentive to promote this coin and make it valuable. This guy's opportunity cost is like $1500/day (if he was mining DOGE). In other words, he's buying ~200,000 of nyan for $1500/day. He won't do this unless he either strongly believes it will go up more than that or he has plans to promote it more.

Edit: Also, I'd like to say that this is probably the end of the sub 2 difficulties. NYAN is going strong and steadily rising, which is way better than having the hash jump really fast then a lot of miners bailing. I really like how the devs are handling promotion with small improvements consistently.

In my view if the network hash rate reaches 2gh/s its still profitable to mine with the extra 100mh/s even if you only have 1-2 gpus.... network hash is going no where but up over the next few weeks as far as i am converned

what do we have to learn about this?  => DON'T SELL NYAN CHEAP...  hold them instead

[muhhentuhhen]

Going to disable registration soon, the hashrate is getting too big.
We need more pools. disabled block finder bonus.

What reason to disable registration?

Share is ~ 25% ... not critical ...



 
 

Yea, noticed network hash increase, np

http://moonishere.com

[rizardus]

exchange > profit > more pools > more ppl mining

[atheistftwins]

exchange > profit > more pools > more ppl mining

We don't want to rush into a big exchange. The timing is critical, exchange should be done while publicity and demand is increasing. That way there is enough buy support to compensate for all the early miners who would want to cash out. I'm perfectly happy waiting weeks to a month for an exchange if it's done smoothly. These devs are the most competent I've seen out of any coin so far so I'm sure they know this as well.

Also, I really like that the Devs are focusing on games and ways for non-miners to earn some NYAN outside of faucets. We in the crypto community need to remember that most people don't have the same perspective as us. For example, my rigs mine many thousands of NYAN a day, so I have my perspective set at that point. However, if we have a game which allows people to earn like 5 NYAN if they played an hour, then that will be the reference point they see. The majority of people would then be willing to buy NYAN at much higher prices because they will think that it takes them so long just to earn 5 NYAN.

Reference points play a huge role in what the prices ultimately will be (I subscribe to behavioral economic theory and not rational) and with this coin, because of the support from Chris, the devs have way greater control over that than any coin since DOGE.

[luckygenough56]

100mh/s that's one hell of a rig

[Shadow_Runner]

100mh/s that's one hell of a rig

PS. Too bad that's not my photo 

[Codge]

100mh/s that's one hell of a rig

PS. Too bad that's not my photo 

Look the actual building... Probably spent more on the gpus than the actual house. Which begs the the question of how would they get that much power to a shed? lol

[Shadow_Runner]

I belive this is not regular house. Looks like an old industrial building.

[muhhentuhhen]

Netowrk Hashrate= 310 MH/s

[Codge]

Netowrk Hashrate= 310 MH/s

Where'd it all come from?! 

[nrhs05]

USUALLY speaking, higher mh/s = higher coin price, i welcome the new miners.. its hard to get exchanges when you dont have much network hash.... i am guessing another big solo miner though?