mig5000
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June 30, 2014, 09:31:41 AM |
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I can also argue against my previous comments Messing with money supply in other hand is basically market manipulation that currently also central banks are doing. Not allowing free maket to decide the fair price. Protecting and benefiting either hoarders or spenders. Having 50-200% inflation per year for the next 4 years is much more sound right? Righhht.
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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June 30, 2014, 09:40:12 AM |
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Watching VTC price hurts so bad :/ I can also argue against my previous comments Messing with money supply in other hand is basically market manipulation that currently also central banks are doing. Not allowing free maket to decide the fair price. Protecting and benefiting either hoarders or spenders. either you are helping the hoarder or you are helping the dumper ? gee... it was hard decision isnit Well yes it is - as a VTC hoarder i would like to see some supply manipulation to make a profit. But the non profit me thinks that coin should be honest and float free in the market at least it should be better for coin itself in the long run. current VTC mining system is being misused.... !!!! mining VTC and dumping like short trading without consequences... Any POW coin works the same way. yes, dead coin, pump and dump coin... I can also argue against my previous comments Messing with money supply in other hand is basically market manipulation that currently also central banks are doing. Not allowing free maket to decide the fair price. Protecting and benefiting either hoarders or spenders. Having 50-200% inflation per year for the next 4 years is much more sound right? Righhht. imho VTC should protect their true supporter, the bagholder, the miner and the trader. not the dumper.
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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rontz
Newbie
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Activity: 23
Merit: 0
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June 30, 2014, 09:43:55 AM Last edit: June 30, 2014, 09:57:20 AM by rontz |
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Not sure how correct this is and how asics fit into picture , but:
Looking at multipool.us avg profitability table:
0.00093793 Scrypt (Bitcoin/MH/day) 0.00329214 Scrypt-n (Bitcoin/MH/day) 0.00010385 X11 (Bitcoin/MH/day)
roughly 1MH Scrypt-n should be approx 2MH Scrypt or 10MH X11 so adjusting the numbers:
0.00187586 Scrypt (Bitcoin/2 MH/day) 0.00329214 Scrypt-n (Bitcoin/ 1 MH/day) 0.00103850 X11 (Bitcoin/ 10MH/day)
Seems the scrypt-n dump can last a while as it is still times more profitable :/
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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June 30, 2014, 09:46:56 AM |
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Not sure how correct this is and how asics fit into picture , but:
Looking at multipool.us avg profitability table:
0.00093793 Scrypt (Bitcoin/MH/day) 0.00329214 Scrypt-n (Bitcoin/MH/day) 0.00010385 X11 (Bitcoin/MH/day)
roughly 1MH Scrypt-n should be approx 2MH Scrypt or 10MH X11 so adjusting the numbers:
0.00187586 Scrypt (Bitcoin/MH/day) 0.00329214 Scrypt-n (Bitcoin/MH/day) 0.00103850 X11 (Bitcoin/MH/day)
Seems the scrypt-n dump can last a while as it is still times more profitable :/
i rest my case, thank you for the proof btw i do have an idea to put limit on how much coin mineable by one wallet equal to fix percentage of the coin it hold (10%), if no coin in the wallet, fix it at 1 vtc max. so if someone want to play dump-dump and mine vtc with 100Mhash, then he need to buy 1000vtc or else he will have to accept just 1 vtc per day.
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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silencesilence
Legendary
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Activity: 1120
Merit: 1000
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June 30, 2014, 09:49:29 AM |
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Hey guys... Is someone trying to kill VTC? I mean seriously. Look at this dumps. We are at 0.0005 now!?
someone play with the price, the bots were mad See here sales order down 4 000 sat 0.00054772 4.96708740 0.00272057 0.00058577 421.77476725 0.24706301 it can be immediately sell price differential of 1 sat 0.00054771 6.78626840 0.00371691 0.00054770 13.32623106 0.00729878
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Jiggy0001
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June 30, 2014, 10:15:21 AM |
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Oh man... Please dear dev... Stop everything that is on your agenda after SX and try to beat those dumps I can wait for the vertlet wallet or anything else, but if VTC goes below 0.0001 we will be the mazacoin of the "serious coins"
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sammy007
Legendary
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Activity: 1904
Merit: 1003
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June 30, 2014, 10:28:43 AM |
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Well, guys, good luck. I am failed here.
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Lucky - Luciano
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June 30, 2014, 10:29:38 AM |
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Come on guys, it can be simpler...I'd suggest using Yacoin's dynamic block reward and go multi algo as suggested. multi algo, with X11 asap, as a first phase... Now we have the situation, when scrypt GPU miners are making a decision: what to do now. I observe from forum comments, that for most of such decisions - the N-scrypt is unfortunately almost ineliglible in comparision to X11 (i.e. X.. family), due to operational costs and heat. The ratio is maybe less than 10:90... Such multi algo, but with X11 as interim solution - is like a "back to game"... And there is no time to waste, when fat scrypt ASICs - are just around the corner. If not - the only hope is a sudden appearance of big chinese X.. FPGA farms - so, like in a roulette. (and then - the situation may be reversed: X11 will forced to go multi algo with N-scrypt for example) It's true. The vast majority of miners went to X (especially X11, because X13 and X15 as consume more electricity).That is why the failed massive adoption vertcoin by litecoin miners. When all litecoin miners pass on coins with X algorithm vertcoin is lapsed.
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bengx
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June 30, 2014, 10:29:46 AM |
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Well, guys, good luck. I am failed here.
You should wait until Sx is out then see how it goes.
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silencesilence
Legendary
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Activity: 1120
Merit: 1000
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June 30, 2014, 10:36:18 AM |
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Well, guys, good luck. I am failed here.
Good luck to you It is better market to clear from unbelievers many people sold their LTC for a few cents even Charles Lee sold many coins at low prices - for a few cents and look what happened LTC to $ 50 - 6 months ago
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Jiggy0001
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June 30, 2014, 10:42:18 AM |
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I want to point out that karma coin safed itself by switching to x11! Just watch the chart please!
What is happening right now is something that will either kill this coin and split the community or strengthen the whole project to become even stronger.
Right now I can understand everyone who is willing to leave VTC, but just think about the losses you already made, Is it really worth leaving the chance?
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silencesilence
Legendary
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Activity: 1120
Merit: 1000
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June 30, 2014, 10:52:51 AM |
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Some should make an explanation for First Stealth Address by pictures like this note - this picture is SAMPLE and doesn't refer to Vertcoin!!!!info for Stealth Address http://coin.cubeconnex.com/poollist/click on tab Stealth Address
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c33b51
Newbie
Offline
Activity: 10
Merit: 0
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June 30, 2014, 11:01:42 AM |
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oh my, I bought it at 0.01, what happened
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silencesilence
Legendary
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Activity: 1120
Merit: 1000
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June 30, 2014, 11:04:56 AM |
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oh my, I bought it at 0.01, what happened
- market games and panic sell HOLD !
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dragonmike
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June 30, 2014, 11:07:07 AM |
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Not sure how correct this is and how asics fit into picture , but:
Looking at multipool.us avg profitability table:
0.00093793 Scrypt (Bitcoin/MH/day) 0.00329214 Scrypt-n (Bitcoin/MH/day) 0.00010385 X11 (Bitcoin/MH/day)
roughly 1MH Scrypt-n should be approx 2MH Scrypt or 10MH X11 so adjusting the numbers:
0.00187586 Scrypt (Bitcoin/MH/day) 0.00329214 Scrypt-n (Bitcoin/MH/day) 0.00103850 X11 (Bitcoin/MH/day)
Seems the scrypt-n dump can last a while as it is still times more profitable :/
i rest my case, thank you for the proof Proof of what? The only thing I see is that VTC price goes down AND SO DOES DIFFICULTY. This means people are mining it LESS, not more. If VTC price is going down, it's not because of miners dumping. It's either because buyers are drying out or because there's some whales selling.
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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June 30, 2014, 11:14:23 AM |
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Not sure how correct this is and how asics fit into picture , but:
Looking at multipool.us avg profitability table:
0.00093793 Scrypt (Bitcoin/MH/day) 0.00329214 Scrypt-n (Bitcoin/MH/day) 0.00010385 X11 (Bitcoin/MH/day)
roughly 1MH Scrypt-n should be approx 2MH Scrypt or 10MH X11 so adjusting the numbers:
0.00187586 Scrypt (Bitcoin/MH/day) 0.00329214 Scrypt-n (Bitcoin/MH/day) 0.00103850 X11 (Bitcoin/MH/day)
Seems the scrypt-n dump can last a while as it is still times more profitable :/
i rest my case, thank you for the proof Proof of what? The only thing I see is that VTC price goes down AND SO DOES DIFFICULTY. This means people are mining it LESS, not more. If VTC price is going down, it's not because of miners dumping. It's either because buyers are drying out or because there's some whales selling. difficulty down means more coin to mine per day and even at low price it still be mined and dumped... you look at the number and still deny it ?
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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MichBjukenon
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June 30, 2014, 11:16:24 AM |
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Not sure how correct this is and how asics fit into picture , but:
Looking at multipool.us avg profitability table:
0.00093793 Scrypt (Bitcoin/MH/day) 0.00329214 Scrypt-n (Bitcoin/MH/day) 0.00010385 X11 (Bitcoin/MH/day)
roughly 1MH Scrypt-n should be approx 2MH Scrypt or 10MH X11 so adjusting the numbers:
0.00187586 Scrypt (Bitcoin/MH/day) 0.00329214 Scrypt-n (Bitcoin/MH/day) 0.00103850 X11 (Bitcoin/MH/day)
Seems the scrypt-n dump can last a while as it is still times more profitable :/
i rest my case, thank you for the proof Proof of what? The only thing I see is that VTC price goes down AND SO DOES DIFFICULTY. This means people are mining it LESS, not more. If VTC price is going down, it's not because of miners dumping. It's either because buyers are drying out or because there's some whales selling. difficulty down means more coin to mine per day and even at low price it still be mined and dumped... you look at the number and still deny it ? number of coins mined per day has nothing to do w difficulty....its allways the same..
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lobo13hf
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June 30, 2014, 11:23:30 AM |
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what we need is a multipool one that can mine other altcoins and pay with VTC's that's how other coins have survive,
all the the miners moving to other algos like x11, x13 due to summer e.g. I can't even mine scrypt coins do to the heat my cards get really hot now imaging I I was mining n-scrypt...
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MichBjukenon
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June 30, 2014, 11:25:41 AM |
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what we need is a multipool one that can mine other altcoins and pay with VTC's that's how other coins have survive,
all the the miners moving to other algos like x11, x13 due to summer e.g. I can't even mine scrypt coins do to the heat my cards get really hot now imaging I I was mining n-scrypt...
http://x11.greenpool.tk/
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