[ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC]

[placebo]

If i'm not mistaken then ONLY 110880 coins are being mine every day, that is at current level ONLY 7.76BTC!!! This is NOT a lot when you compare it to other coins...

For those that think 110,880 coins per day is a lot.

     14,400 HBN
     28,800 LTC
     48,000 ICN
    110,880 KDC
    152,279 WDC
  1,440,000 USDe
 11,520,000 DGB
 14,400,000 EAC
720,000,000 DOGE

the number mined per day compared to the total coins.... its still a LOT!!!
0.00012% per day HBN
0.00034% per day LTC
0.00555% per day KDC
0.0009%  per day USDe
0.00054% per day DGB
0.00106% per day EAC

the actual numbers
0.012% per day HBN
0.034% per day LTC
0.555% per day KDC
0.09%  per day USDe
0.054% per day DGB
0.106% per day EAC

so the issue is not coins per day per se but rather the relatively short period in which all KDC coins will be mined

3 years for KDC vs all 21 million bitcoins estimated to be created by 2140

i understand the devs idea to "simulate" the 3 year Klondike Gold Rush but is this a good srategy for an "investment coin" or will this result in a quick buck / short term coin?

considering the embryo stage of the world of cryptocurrencies, playing around with different ideas and concepts is probably one of the main advantages of the plethora of altcoins being released

as a minimum KDC will be a good experiment and i'm looking forward to see how this strategy plays out

Lets look at it differently.

We have 20M coins in total. Yesterday we hit 5000, thanks for the person that sold at 4800 on coinedup as i was able to buy those 2000KDC coins, and i have added another 10000 on coinmarket.io, anyway, that is not the issue here.

20M x 0.0005000 = 1000BTC or $700,000 CORRECT?

How many coins are now trading ABOVE $700,000 and are not fully mine:

That is a total of 41 coins.

So what most people are saying here, is that KDC is too expensive based on the number of coins that are being produced per day. Sorry, but if we already have 41 coins that have a marketcap of more then $700,000 (and sill not fully mine) then i totally disagree.

Lets say: that the coin price will be increased to 10000: then this means $1,400,000 or still 31 coins with a marketcap that is more then KDC. I cannot believe that we are only worth place 31, as i believe when other coins are fully mine that we will even not hit Top 60.

So lets say: coin is worth 20000 or $2,800,000 then we are at 21th place, this looks already a little more normal, personally i believe we will be a lot higher, but not today, not tomorrow, not next month, but it will happen later when DEV get more and more stuff ready. As i said before. 110K were mine yesterday, i bought 12K of it, and i'm sure that other big bag holders bought some too. We believe in this coin and don't watch it day by day, but we are in KDC for the big run. I don't want to be the 25000KDC pizza men when i would be able to buy a porsche for 25000KDC, ok this is exterm, but that guy with his 25000BTC also didn't thought it was worth nothing, because at that time it was worth nothing. Let DEV do their work, and let we, as community do our work.

[digitsmith]

well, KDC stays on my shortlist of investment coins, and I agree, lets all stay focused and do our best to make this coin successful - no guarantees in this game we're playing

[jsteelbeam]

If i'm not mistaken then ONLY 110880 coins are being mine every day, that is at current level ONLY 7.76BTC!!! This is NOT a lot when you compare it to other coins...

For those that think 110,880 coins per day is a lot.

     14,400 HBN
     28,800 LTC
     48,000 ICN
    110,880 KDC
    152,279 WDC
  1,440,000 USDe
 11,520,000 DGB
 14,400,000 EAC
720,000,000 DOGE

the number mined per day compared to the total coins.... its still a LOT!!!
0.00012% per day HBN
0.00034% per day LTC
0.00555% per day KDC
0.0009%  per day USDe
0.00054% per day DGB
0.00106% per day EAC

Spot on
Look at the ratio

It doesn't really matter how many coins per day or what percentage there is... it really only matters what you can do with them.  Mining 1 coin worth 1,000,000 satoshis or 1,000,000 coins worth 1 satoshi, it really doesn't make a damn bit of difference.  And that's what matters - as far as Klondike goes it still is one of the MOST profitable coins out there and has been since it has been introduced - consistently in the top ten in daily profitability for mining per megahash.

Yes, it is CURRENTLY profitable for you to mine because people are/were buying KDC to this point.  If the above numbers are correct, then approx 500% more KDC (as a percentage of the total supply) are being mined than the next coin in that list.  Right now it's investors and the buy-and-hold miners who represent the buy side of the market, but it appears that they are starting to run out of BTC to throw at KDC.  

The investors face 5x more pressure to buy than the next coin's investors.  This accelerated scale affects the devs, as well.  The KDC devs have to push out tools/websites/partnerships to make KDC useful to conduct commerce 5x quicker than the next alt coin devs.  It is a very interesting situation.

[jsteelbeam]

Its also not really a fair comparison to list the rates against other coins when many of those coins are listing the total supply for tens or hundreds of years into the future. Is anyone really thinking that far ahead at this point?

With the rapidly changing market, 3 years might as well be tens or hundreds of years into the future, too.   

[Klondikesupporter]

Send KDC to this address: L2rEymiwuqR8kNRZQKUyBtuoxNn5RXCkrX to fund the 1 BTC bounty to boost us in the ratings on http://www.allcrypt.com/beta/voting.php.

L2rEymiwuqR8kNRZQKUyBtuoxNn5RXCkrX <--fund bounty

Note*: A 1 BTC bounty will boost us over 7000 votes given the value of 1BTC today (a little over $700US). This will put us in a solid 4th for coins which have yet to be added to the exchange.

*Furthermore it is basically a form of advertising as well given that everyone voting will see KDC at the top and know it's legit.

If anyone wants to donate kdc to that they can send it directly to the exchange. There is not really any reason to go to a middle man, especially one that just created the account and is not one of the devs.

Next time you quote someone make sure you read their previous posts so as to avoid making pointless remarks like this. I said previously that ANYONE who wants to donate on their own is free to do so (clearly). The downside to this is that a $10US bribe nets only 100 votes, NOTHING. A $700US bribe all at once will net a whopping 7,000+ votes which will automatically rocket us into the top 4 altcoins on the list of coins yet to be added and everyone who votes (there are roughly 200,000+ votes already) will see KDC in the top 4 and KNOW it's legit.

[placebo]

Anyway what dev decided today, will be very important for the future of KDC. Doing nothing, means that the big bag holders need to continue buying coins till the next halvering, i believe 50 days left or so, and after that day they only need to cover 55K KDC coins and if it is still trading at 5000 then this is less then 3BTC, so i'm sure that we can cover this amount

Why will big bag holders keep on buying? Because we believe that DEV will create websites were we can use KDC coins to buy games etc, so why buy it in the shop when you can buy it with your KDC coins?

If they do something, putting halvering 30 days closer, then we need to make sure that DEV can give new miners a reason to mine at KDC. That poker game is what i believe VERY IMPORTANT!!! People love poker, so if that software can organize poker tournaments then a lot of people can join and they all need KDC. So demand will move higher....

[jsteelbeam]

Its also not really a fair comparison to list the rates against other coins when many of those coins are listing the total supply for tens or hundreds of years into the future. Is anyone really thinking that far ahead at this point?

With the rapidly changing market, 3 years might as well be tens or hundreds of years into the future, too.  

Exactly. Which makes looking at the dilution rate in terms of total supply frivolous at best. If someone wanted to post a more fair comparison it would be dilution per day as a percentage of current supply (however even that would skew towards coins that have already been through a block halving or have been out for several months.)

Well, I think we can all agree that it will be very interesting to see how this all plays out.  I did open up a position in KDC today even though I had a price target of 4000 SATs.  Buying in the 5000s was close enough for me.  Especially since I'm not sure what the devs announcement will do to the market.  I'm comfortable losing my investment if the reaction is negative, but I don't want to miss out on any positive movement.

[Klondikesupporter]

Next time you quote someone make sure you read their previous posts so as to avoid making pointless remarks like this. I said previously that ANYONE who wants to donate on their own is free to do so (clearly). The downside to this is that a $10US bribe nets only 100 votes, NOTHING. A $700US bribe all at once will net a whopping 7,000+ votes which will automatically rocket us into the top 4 altcoins on the list of coins yet to be added and everyone who votes (there are roughly 200,000+ votes already) will see KDC in the top 4 and KNOW it's legit.

I wasn't trying to be mean but you have to know by now there are a lot of scammers in the crypto community. Since you made a new account to ask for these donations and didn't post the name of the your main account you have to realize people are going to be wary of motives.

I did read your original post but the net effect will still be the same regardless of whether people route the donations through you.

I was just planning (well certainly now) anyways to post that it is better for a dev to start a bounty for this tomorrow when everyone will be paying attention to this thread since there are no donations yet anyways tonight.

It is clear from the start that some people will doubt about sending the KDC... oh well I have done lotteries before for DOGE for free and just want to put the idea out there that we can get some of the best advertising for our coin for a relatively small sum (not to mention get it on another new and promising exchange).

As to the last bit that is also clear; just to make what I am saying more clear, having 100~ KDC holders convert their KDC to BTC (just remembered now that the site actually only accepts BTC for bribes which makes this point all that much more relevant) to buy votes is MUCH harder than simply sending KDC to a dev's address and have the dev convert and send the bounty.

Even without the necessary KDC-BTC conversion it is still a lot more efficient to have a dev handle this.

[WickedCruelty]

No idea what happened but the difficulty jumped from 7 to 22 in a second. Hope this is a good sign

[Jes159]

Wow, I have been watching the boards and markets over the weekend, but have been a bit too busy to post. I'm genuinely amazed at everyone selling so low. Nothing has changed since mid last week, dev has already announced they are looking at options. Anyone would think that there had been some kind of major negative announcement!

All that's happened is a few people have had a few doubts and sold, then everyone else has thought "well they are selling, I better too!" Give the devs a chance! There's still tons on the roadmap, and a really good chance of getting listed on Cryptsy. The ONLY reason the coin has dropped so much is because the people selling have no nerve and are judging the coin based on people's opinions that have NO involvement with it whatsoever (yes I see the irony of me saying that). I think the issue here is that some people think success is made overnight, and that's simply not the case. If there was an announcement here today that we were getting on Crypsty, there would be a pretty big surge in price.

Is dilution a problem? Possibly. Let's see what the developers announce before panicking eh?

Just for the record, I'm not a massive holder, just 2.5k. No-one should be using money they can't afford to lose for ANY coin.

[Ganger631]

Wtf difficult from 7 to 20!

[brother3]

Wtf difficult from 7 to 20!

Very interesting!!!!

Does this mean we are being mined by......Cryptsy ?  

That was short lived....Next difficulty is ~ 8 lol

[WickedCruelty]

The difficulty went down and now it's around 13-14. Let's hope it's something good

edit: 22 again

[mysticcrypto]

Please do not let the negativity of a few sway you people. Nows a good time to invest! Won't be this low for long.

My personal opinion is this coin should not be changed.

[ZeroAsANumber]

The difficulty went down and now it's around 13-14. Let's hope it's something good

edit: 22 again

Say hello to middlecoin guys. now we get to see kimotos gravity well in action.

[placebo]

Please do not let the negativity of a few sway you people. Nows a good time to invest! Won't be this low for long.

My personal opinion is this coin should not be changed.

Honestly, i don't complain about people being negative and dumping their coins, i have been adding almost 1BTC, i think and if the coin stay that low i will add more and more and more...Maybe you remember that day that CAT went above $1!!! You know CAT and KDC has the same number of coins, so if CAT can do it, then KDC can do it too...

[brother3]

Wtf difficult from 7 to 20!

Unless Net hash spiked as well it probably doesn't mean anything.

There is a certain amount of luck baked into how fast blocks are found. With KDC blocks are designed to be found once every minute, however if there is a lucky string where 4-5 blocks are found within a few seconds of each other it can spike the difficulty temporarily since kimoto's recalculates the difficulty after each block.

Edit: The same thing can happen in reverse as well where a coin might get really unlucky and have several blocks take significantly longer than expected to be found. This is why you will sometimes see a coin jump from like 15th to 1st on coinwarz and then fall back down really fast.

Thank you!  I was wondering how a coin could fall so fast within minutes on coinwarz !!!! 

[mikesbmw]

It doesn't really matter how many coins per day or what percentage there is... it really only matters what you can do with them.  Mining 1 coin worth 1,000,000 satoshis or 1,000,000 coins worth 1 satoshi, it really doesn't make a damn bit of difference.  And that's what matters - as far as Klondike goes it still is one of the MOST profitable coins out there and has been since it has been introduced - consistently in the top ten in daily profitability for mining per megahash.

No, you are not right.

It is only profitable if you are mining!
A lot of the trades are done by people who are NOT MINING. They see a lot of value evaporate through inflation.

That's what's really the matter with most of the PoW coins: people only care about profitability of mining, but they tend to forget that they are very likely selling to people who do not mine!

Why do you think the amount of oil pumped up is being controlled and regulated by the cmpanies? That's to prevent that the prices will drop.
There has to be a balance in profitability for miners and for buyers (look at them as investors who also want to make a profit).

[placebo]

I believe we need a great site that allow us to buy stuff with KDC and we need a poker site, if we have those 2 and it is marketing well then people will start mining only to play poker at KDC Poker Tournament, or to buy stuff with KDC. Demand will increase, supply stay the same, prices goes up.

[Ganger631]

We just need to bribe crypto-trade. Utc bribed the exchange to add their trading pair. Utc has 100 million coin and it cost .80 cents each.