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Author Topic: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC]  (Read 550525 times)
LeBarton
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April 07, 2014, 09:24:58 AM
 #10601

Looks like price is slowly starting to rebound.

Since we are going to require a hard fork to fix the issues with KGW, I think it might be a good idea to also think about pushing back the next block halving for 5-6 months to give us time to build to an equilibrium price and gain a solid mining foundation. If the net hash drops much lower we will be a prime candidate for a 51% attack which could ultimately destroy the coin.

I think we should change this:

              day          block to halve at             reward after halving
               0             84576                                16
               30           127776                               8
               60           170976                               4
              1520         2273376                             2
              2250         3324576                             1
              3345         4901376                            0.5
              3777         5522934                             0

to this:

              day          block to halve at             reward after halving
               0             84576                                16
               30           127776                               8
               240          302400                               4
              1520         2273376                             2
              2250         3324576                             1
              3345         4901376                            0.5
              3777         5522934                             0

This will leave the revised reward structure in place for everything except for the next halving. We have already had two halving's in the last 6 weeks or so and our net has has taken a considerable beating because of it. We need to give the markets a chance to stabilize before we go through another one.
By only changing the block to halve at, you are also changing the max number of coins, going from 19.948.700 up to 20.474.396. You should then change the structure of the reward system and I don't think that changing the rules of the game now is a good idea.
The reward is going to be acceptable now, it was the initial reward of 77 kdc that was completely insane. 1/3 of the coins were mined in less than 2 months. With the new reward system, the coin will be mined up to july 2024.
Don't get me wrong, I don't deny the importance of a secure net hashrate but right now this coin is living on its investors, not on the profit miners. Will those guys turn off their mining rigs after the next halving? No, most of them won't as they are in for the long haul. On top of that, look on coinwarz, the net hashrate of the other coins. They are low as hell too. There are so many alt coins that can be under a 51% attack that the odds that kdc will be attacked are low. I don't say that there is no risk but it's reasonable atm. Why would someone 51% attack kdc for no profit when there are tons of other coins with a net hashrate of 15-30 MHash? It's easier to attack those coins.
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kahir
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April 07, 2014, 10:01:12 AM
 #10602

In my opinion i would leave the block reward as it is now because of the Gridseed ASIC's getting more and more attention.
Once they are cheaper and we may get even faster ASIC's we wont have these 51% attack problems anymore.


Gridseed .... they only mine LTC and doge ...... just saying


and all the big ones coming in not less than 2 months from now ...... and just saying they only mine at low watt ... like they don't give that huge amount of k/hash for less money


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April 07, 2014, 11:16:26 AM
 #10603

KDC_Dave,

I sent you a private message with maybe an opportunity to get some more developers on board. Forgot to put a subject on my message Undecided

Have a good day
hashhot
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April 07, 2014, 11:59:21 AM
 #10604

To KlondikeCoin
  hello,
  I created new pool http://kdc.hashhot.com..It is working now..Do you add it to OP?
 
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April 07, 2014, 01:25:21 PM
 #10605

Good thing is not alot of people selling .....that mean they know they got something valuable ... thats good


look at markets depth .....nothing serious until 4000   ... Keep up !
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April 07, 2014, 03:28:08 PM
 #10606

KDC_Dave,

Btw, as G440T and myself have applied for the positions of content editors, can you manage to give us access to the thread please? I would like to update the pools, elaborate the reward structure, change the klondike.conf into klondikecoin.conf, and so on. No big stuff but necessary and annoying for the newcomers.

Thanks
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April 07, 2014, 04:14:40 PM
 #10607

KDC_Dave,

Btw, as G440T and myself have applied for the positions of content editors, can you manage to give us access to the thread please? I would like to update the pools, elaborate the reward structure, change the klondike.conf into klondikecoin.conf, and so on. No big stuff but necessary and annoying for the newcomers.

Thanks

+1
ny2cafuse
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April 07, 2014, 08:53:16 PM
 #10608

Gridseed .... they only mine LTC and doge ...... just saying

False.  They mine any sha256 or scrypt based coin.  That includes, but is not limited to, LTC and DOGE.  24Kilo can attest to this, as can I, as we both own Gridseed ASICs.

-Fuse

Community > Devs
kahir
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April 07, 2014, 09:16:52 PM
 #10609

kahir
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April 08, 2014, 09:15:01 AM
 #10610


By only changing the block to halve at, you are also changing the max number of coins, going from 19.948.700 up to 20.474.396. You should then change the structure of the reward system and I don't think that changing the rules of the game now is a good idea.
The reward is going to be acceptable now, it was the initial reward of 77 kdc that was completely insane. 1/3 of the coins were mined in less than 2 months. With the new reward system, the coin will be mined up to july 2024.
Don't get me wrong, I don't deny the importance of a secure net hashrate but right now this coin is living on its investors, not on the profit miners. Will those guys turn off their mining rigs after the next halving? No, most of them won't as they are in for the long haul. On top of that, look on coinwarz, the net hashrate of the other coins. They are low as hell too. There are so many alt coins that can be under a 51% attack that the odds that kdc will be attacked are low. I don't say that there is no risk but it's reasonable atm. Why would someone 51% attack kdc for no profit when there are tons of other coins with a net hashrate of 15-30 MHash? It's easier to attack those coins.

There is actually a faction on these very forums that are actively targeting what they consider weaker coins and doing whatever they can to destroy those coins. The increase from 19.9million to 20.4million total coins is only about 3% when all is said and done so I don't think it will be a very big deal in the long run. However, if we lose half our net hash again (like we did during the last 2 halvings) it isn't going to take very much for someone to implement a 51% attack (around 10-25MH if we drop from the current 50-100MH we have been seeing the last week or so.)

We really haven't seen any benefit at all from the last two reductions in rewards (I know a lot of factors play into this but we have been on a constant downward slope) so it doesn't seem prudent to me to continue on with the next one when our net hash is already very low. I think we can easily survive a 3% increase in total coins, however if someone were to 51% (even if tberes only a 1% chance this happens I still think its worth waiting on the next block reduction) attack us I don't see anyway we end up surviving


look dude ..... There is 1 thing AND ONLY 1 thing that make hashrate increase .....

.. not community
..not belivers ...
..not investors


ITS PRICE


G440T
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April 08, 2014, 09:20:22 AM
 #10611


By only changing the block to halve at, you are also changing the max number of coins, going from 19.948.700 up to 20.474.396. You should then change the structure of the reward system and I don't think that changing the rules of the game now is a good idea.
The reward is going to be acceptable now, it was the initial reward of 77 kdc that was completely insane. 1/3 of the coins were mined in less than 2 months. With the new reward system, the coin will be mined up to july 2024.
Don't get me wrong, I don't deny the importance of a secure net hashrate but right now this coin is living on its investors, not on the profit miners. Will those guys turn off their mining rigs after the next halving? No, most of them won't as they are in for the long haul. On top of that, look on coinwarz, the net hashrate of the other coins. They are low as hell too. There are so many alt coins that can be under a 51% attack that the odds that kdc will be attacked are low. I don't say that there is no risk but it's reasonable atm. Why would someone 51% attack kdc for no profit when there are tons of other coins with a net hashrate of 15-30 MHash? It's easier to attack those coins.

There is actually a faction on these very forums that are actively targeting what they consider weaker coins and doing whatever they can to destroy those coins. The increase from 19.9million to 20.4million total coins is only about 3% when all is said and done so I don't think it will be a very big deal in the long run. However, if we lose half our net hash again (like we did during the last 2 halvings) it isn't going to take very much for someone to implement a 51% attack (around 10-25MH if we drop from the current 50-100MH we have been seeing the last week or so.)

We really haven't seen any benefit at all from the last two reductions in rewards (I know a lot of factors play into this but we have been on a constant downward slope) so it doesn't seem prudent to me to continue on with the next one when our net hash is already very low. I think we can easily survive a 3% increase in total coins, however if someone were to 51% (even if tberes only a 1% chance this happens I still think its worth waiting on the next block reduction) attack us I don't see anyway we end up surviving


look dude ..... There is 1 thing AND ONLY 1 thing that make hashrate increase .....

.. not community
..not belivers ...
..not investors


ITS PRICE



All of these tie in with the price, unless it's purely pump and dump.
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April 08, 2014, 09:28:42 AM
 #10612

the only thing holding price from going down ... and pushing it back to 2000 level

is miners who dump more profitable coins for KDC buys

i do that .....

LeBarton
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April 10, 2014, 02:46:48 PM
 #10613

VOTE FOR KLONDIKE COIN
please donate for dev.
BTC: 13MVMftimCmpQEsryo47pTs97ubmwkT31Y
LTC: Lh9ChfS1X3YWXmapr66nQjj3qZmys3qkNw
DOGE: DJMxzVrURhmsWFZHCjK5kDVHEqP5FcfGvy

Sorry but we don't want to get on your exchange.

Thanks anyway.
Grin
kahir
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April 10, 2014, 07:36:59 PM
 #10614

the guy at cryptsy stoped buying KDC .... buy walls are gone ..
LeBarton
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April 11, 2014, 05:46:19 AM
 #10615

the guy at cryptsy stoped buying KDC .... buy walls are gone ..
He removed his buy walls some time ago. Maybe he realized he was buying klondikecoin and not KimDotCoin  Grin
roctiv
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April 11, 2014, 11:24:59 AM
 #10616

If not the devs talking about this forum ... the coin will die!
I'm starting to lose hope ...
LeBarton
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April 11, 2014, 01:26:49 PM
 #10617

If not the devs talking about this forum ... the coin will die!
I'm starting to lose hope ...
Imo the coin should go PoS and have a pool that mines LTC and buys KDC. The price is low, the volume is low, so even a small mining pool would have an effect on the price. Dunno what the community thinks about it.
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April 11, 2014, 02:22:36 PM
 #10618

So hows the diff on this coin

please unban me.
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April 12, 2014, 04:16:12 PM
 #10619

Announcing our 1 MILLION DOGECOIN Giveaway




We are giving away 1,000,000 DOGE in a prize draw - available to everyone who mines at any of our pools (including KDC) starting from today. As you mine, you will earn "tickets" to the prize draw. The more tickets you have the more chance of winning. The first draw will be made when we have found our first DOGE block.

Starts right now - click here to learn more

Earn tickets by mining at our KDC pool

Our thread here on BCT

https://www.minep.it - secure, stable mining pools | 0.75% fees | chat | forums | one login for 40+ pools | unique interface
Pools: Bitcoin | BitMark | ConspiracyCoin | CryptCoin | CureCoin | DarkCoin | Digit | DogeCoin | Dvorakoin | FeatherCoin | FractalCoin | Hiro | IsraelCoin | KarmaCoin | Kryptonite | LimeCoinX | Litecoin | MultiWalletCoin | Negotium | NewWorldOrder | OzzieCoin | PyramidsCoin | RootCoin | SaveCoin | Shade | SurvivorCoin | SysCoin | TalkCoin | TitCoin | Trinity | UseCoin | UtopiaCoin | VertCoin | ViaCoin | VirtualCoin | VirtualMiningCoin | WankCoin | WorldCoin | ZetaCoin
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April 12, 2014, 04:55:47 PM
 #10620

Announcing our 1 MILLION DOGECOIN Giveaway




We are giving away 1,000,000 DOGE in a prize draw - available to everyone who mines at any of our pools (including KDC) starting from today. As you mine, you will earn "tickets" to the prize draw. The more tickets you have the more chance of winning. The first draw will be made when we have found our first DOGE block.

Starts right now - click here to learn more

Earn tickets by mining at our KDC pool

Our thread here on BCT

dude... were in KDC thread here... why are you spamming this in every thread you got a pool of? Just open a topic for yourself dude
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