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

[bangomatic]

You know, what is different between Leafcoin and Klondikecoin.

I believe the Leafcoin have a block halvering every month. Klondikecoin had it every 3 months.

LeafCoin                       Klondike coin
1. 1 - 500,000               1. 77
2. 1 - 250,000               2. 77
3. 1 - 125,000               3. 77 (normally but now 16)

So what is the difference? It should have been

1. 77
2. 38.5
3. 19.25

But in fact we just modify the reword to do the same as a lot of the other coins. The block reduction bring us on the level like a lot of the other coins.What happened is just a little adjustment, the people that mine the first 2 month received a lot, but on the first month this is for EVERY coin the same so Klondike miners that keep on mining the second month received more coins then when you check it against Leafcoin for example, and now for the third month we are doing the same as Leafcoin.

Anybody thought about this

There is nothing wrong with KDC now that the fork cured the inflation problem. We had 650mh/s NHR after the fork. Things fell off (crashed and burned) after the bad fork later that evening, couple that with the fact that coinmarket.io has been down also. We need to get on mintpal and cryptsy and get some investors interested in this coin, thats all. Everyone stay calm and Hold. ..dont give your KDC away. Unless you give tips to the guys working so hard to make this coin a success. Placebo, Jilixi, SparkIt Oh and MysticDoge too

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[Kheg]

There is nothing wrong with KDC now that the fork cured the inflation problem. We had 650mh/s NHR after the fork. Things fell off after the bad fork later that evening, couple that with the fact that coinmarket.io has been down also. We need to get on mintpal and cryptsy and get some investors interested in this coin, thats all. Everyone stay calm and Hold. ..dont give your KDC away.

People didn't leave because of fork launch issues, people left because the profitability tanked after the "fork issues" were fixed and the super low difficulty disappeared.  Net hash rate actually went up by 50% prior to the fork to get in before the block reduction took effect, so consider your 650MH/s net hashrate an anomaly, and your current 132MH/s the "new normal".  Try to tell me with a straight face that there's nothing wrong with KDC now that you've successfully excised nearly two-thirds of the normal daily network hash rate off the coin with this change.

We sit in a waiting game for the coin value to catch up to the new block reward.  It will either need some major external influence, or the difficulty will need to be around ~0.5 to compensate for it at this hash rate.  The latter would only be a very temporary fix, and it would be counterproductive to the block reward changes in the first place.

[rhkazani1]

All coins are unconfirmed after KDC wallet update??? Help please....seems i am on the new chain now and my coins are in the old one? Is there a possibility for this?

[jackdminer]

You know, what is different between Leafcoin and Klondikecoin.

I believe the Leafcoin have a block halvering every month. Klondikecoin had it every 3 months.

LeafCoin                       Klondike coin
1. 1 - 500,000               1. 77
2. 1 - 250,000               2. 77
3. 1 - 125,000               3. 77 (normally but now 16)

So what is the difference? It should have been

1. 77
2. 38.5
3. 19.25

But in fact we just modify the reword to do the same as a lot of the other coins. The block reduction bring us on the level like a lot of the other coins.What happened is just a little adjustment, the people that mine the first 2 month received a lot, but on the first month this is for EVERY coin the same so Klondike miners that keep on mining the second month received more coins then when you check it against Leafcoin for example, and now for the third month we are doing the same as Leafcoin.

Anybody thought about this

The difficulty of Leafcoin is about 10 with a 60 second block time so the NET HASH is about 715 Mh/s, I didn't check but rough math.  
Before the fork KDC was only 400 Mh/s with a FORK HYPE spike to just over 600 Mh/s.  

Since the reward is just a form of payment for network hash FIRST AND FOREMOST any decision to adjust the block reward lower should place the highest weight to the impact to network hash, and the lowest weight to impact of inflation.  

This is one of those things that is counter intuitive to someone who views the block reward as the 'printing press' and not the 'pay check'. Once you see it as the 'pay check' you start to see the whole landscape differently.

You have to have the network hash and coin value in place to support a reward reduction.  You can not influence price with reward adjustments, you only distort the price as NET HASH finds equilibrium.
Since KDC went from paying roughly 3.8 BTC a day it bought about 450Mh/s. (.008378 BTC/ Mh day)
Now it only pays .7 BTC a day and is currenty getting a 'bargain' and buying 130 Mh/s paying only .005317 Mh day.  

The market rate in the world that is all alt coins for hash power is around .0075 BTC or so per Mh day. Some pay workers more, some pay workers less.

[bangomatic]

There is nothing wrong with KDC now that the fork cured the inflation problem. We had 650mh/s NHR after the fork. Things fell off after the bad fork later that evening, couple that with the fact that coinmarket.io has been down also. We need to get on mintpal and cryptsy and get some investors interested in this coin, thats all. Everyone stay calm and Hold. ..dont give your KDC away.

People didn't leave because of fork launch issues, people left because the profitability tanked after the "fork issues" were fixed and the super low difficulty disappeared.  Net hash rate actually went up by 50% prior to the fork to get in before the block reduction took effect, so consider your 650MH/s net hashrate an anomaly, and your current 132MH/s the "new normal".  Try to tell me with a straight face that there's nothing wrong with KDC now that you've successfully excised nearly two-thirds of the normal daily network hash rate off the coin with this change.

We sit in a waiting game for the coin value to catch up to the new block reward.  It will either need some major external influence, or the difficulty will need to be around ~0.5 to compensate for it at this hash rate.  The latter would only be a very temporary fix, and it would be counterproductive to the block reward changes in the first place.

All coins need some major external influence, stimulus, and some luck (Hype/Marketing/Investors) to rise. It will happen for KDC.

[placebo]

All coins are unconfirmed after KDC wallet update??? Help please....seems i am on the new chain now and my coins are in the old one? Is there a possibility for this?

it can take some time before they are confirmed as you are downloading the block chain from the start.

[gates]

Suppot KlondikeCoin Send 0.0002 BTC To UpVote On Cryptsy 1C361EZLHMfQUEajKvJct6fxFtQyQGwdxy

Or If you are a cryptsy user Upvote 1X for Free and 5X every Cryptsy Point used. Approx 8.2 BTC needed to place it on the Top.

[bangomatic]

You know, what is different between Leafcoin and Klondikecoin.

I believe the Leafcoin have a block halvering every month. Klondikecoin had it every 3 months.

LeafCoin                       Klondike coin
1. 1 - 500,000               1. 77
2. 1 - 250,000               2. 77
3. 1 - 125,000               3. 77 (normally but now 16)

So what is the difference? It should have been

1. 77
2. 38.5
3. 19.25

But in fact we just modify the reword to do the same as a lot of the other coins. The block reduction bring us on the level like a lot of the other coins.What happened is just a little adjustment, the people that mine the first 2 month received a lot, but on the first month this is for EVERY coin the same so Klondike miners that keep on mining the second month received more coins then when you check it against Leafcoin for example, and now for the third month we are doing the same as Leafcoin.

Anybody thought about this

The difficulty of Leafcoin is about 10 with a 60 second block time so the NET HASH is about 715 Mh/s, I didn't check but rough math.  
Before the fork KDC was only 400 Mh/s with a FORK HYPE spike to just over 600 Mh/s.  

Since the reward is just a form of payment for network hash FIRST AND FOREMOST any decision to adjust the block reward lower should place the highest weight to the impact to network hash, and the lowest weight to impact of inflation.  

This is one of those things that is counter intuitive to someone who views the block reward as the 'printing press' and not the 'pay check'. Once you see it as the 'pay check' you start to see the whole landscape differently.

You have to have the network hash and coin value in place to support a reward reduction.  You can not influence price with reward adjustments, you only distort the price as NET HASH finds equilibrium.
Since KDC went from paying roughly 3.8 BTC a day it bought about 450Mh/s. (.008378 BTC/ Mh day)
Now it only pays .7 BTC a day and is currenty getting a 'bargain' and buying 130 Mh/s paying only .005317 Mh day.  

The market rate in the world that is all alt coins for hash power is around .0075 BTC or so per Mh day. Some pay workers more, some pay workers less.

Jack, you seem to have a mathematical answer for every issue, so answer this question for me (this doesnt relate to KDC). Why are EAC, Noble, Digibytes prices scraping the bottom now? They are all 3 a miners paradise...easy to mine, none have forked or halved. They have huge block rewards (lots of coin), plenty of NHR. So why Jack are they failing?

[placebo]

Since KDC went from paying roughly 3.8 BTC a day it bought about 450Mh/s. (.008378 BTC/ Mh day)
Now it only pays .7 BTC a day and is currenty getting a 'bargain' and buying 130 Mh/s paying only .005317 Mh day.  

The market rate in the world that is all alt coins for hash power is around .0075 BTC or so per Mh day. Some pay workers more, some pay workers less.

Correct, we all know that, so either we still have too much miners or the price is too low. But with my experience i know that the only rule in altcoin world is patient.

You just need to select a coin that has developers working on it and i believe Klondike coin has a few developers that are working on their coin, and now it is just waiting time, maybe one week, maybe 10 weeks, maybe 10 months, in fact i don't care if i have to wait 10 months when i would have a nice big profit on klondike coin.

[placebo]

Jack, you seem to have a mathematical answer for every issue, so answer this question for me (this doesnt relate to KDC). Why are EAC, Noble, Digibytes prices scraping the bottom now? They are all 3 a miners paradise...easy to mine, none have forked or halved. They have huge block rewards (lots of coin), plenty of NHR. So why Jack are they failing?

I bought EAC!!!!! Great coin by the way I will sell some at 100 sats to you

[bangomatic]

Jack, you seem to have a mathematical answer for every issue, so answer this question for me (this doesnt relate to KDC). Why are EAC, Noble, Digibytes prices scraping the bottom now? They are all 3 a miners paradise...easy to mine, none have forked or halved. They have huge block rewards (lots of coin), plenty of NHR. So why Jack are they failing?

I bought EAC!!!!! Great coin by the way I will sell some at 100 sats to you

LOL I already have over 1 million EAC, I just want Jack to tell me why the price is so low. 

[placebo]

Jack, you seem to have a mathematical answer for every issue, so answer this question for me (this doesnt relate to KDC). Why are EAC, Noble, Digibytes prices scraping the bottom now? They are all 3 a miners paradise...easy to mine, none have forked or halved. They have huge block rewards (lots of coin), plenty of NHR. So why Jack are they failing?

I bought EAC!!!!! Great coin by the way I will sell some at 100 sats to you

LOL I already have over 1 million EAC, I just want Jack to tell me why the price is so low. 

Pfff, I bought 3million today , if Saturn can hit 12 sats then some money will go to EAC and some money for voting on KDC on mintpal, so looking forward to see 12 sats

[placebo]

Btw, real good example, Saturn is standing at place 4 on cryptsy and people already start buying!!!  This is what we are missing the possible adding to cryptsy, when you see SAT just adding 200%, then i'm sure we will add the same, in fact all coins that are being added on cryptsy gain a lot before they hit cryptsy.

[rhkazani1]

All coins are unconfirmed after KDC wallet update??? Help please....seems i am on the new chain now and my coins are in the old one? Is there a possibility for this?

it can take some time before they are confirmed as you are downloading the block chain from the start.

The wallet is synced, i have that green tick mark on the bottom right. Also, i left is over night. But hell no all coins stayed as 'Unconfirmed'.

[bangomatic]

Jack, you seem to have a mathematical answer for every issue, so answer this question for me (this doesnt relate to KDC). Why are EAC, Noble, Digibytes prices scraping the bottom now? They are all 3 a miners paradise...easy to mine, none have forked or halved. They have huge block rewards (lots of coin), plenty of NHR. So why Jack are they failing?

I bought EAC!!!!! Great coin by the way I will sell some at 100 sats to you

LOL I already have over 1 million EAC, I just want Jack to tell me why the price is so low. 

Pfff, I bought 3million today , if Saturn can hit 12 sats then some money will go to EAC and some money for voting on KDC on mintpal, so looking forward to see 12 sats

Good going! I'm all in on EAC, NOBLE, DGB, KDC. In my opinion, professional coins backed by good developer teams.

[Kheg]

There is nothing wrong with KDC now that the fork cured the inflation problem. We had 650mh/s NHR after the fork. Things fell off after the bad fork later that evening, couple that with the fact that coinmarket.io has been down also. We need to get on mintpal and cryptsy and get some investors interested in this coin, thats all. Everyone stay calm and Hold. ..dont give your KDC away.

People didn't leave because of fork launch issues, people left because the profitability tanked after the "fork issues" were fixed and the super low difficulty disappeared.  Net hash rate actually went up by 50% prior to the fork to get in before the block reduction took effect, so consider your 650MH/s net hashrate an anomaly, and your current 132MH/s the "new normal".  Try to tell me with a straight face that there's nothing wrong with KDC now that you've successfully excised nearly two-thirds of the normal daily network hash rate off the coin with this change.

We sit in a waiting game for the coin value to catch up to the new block reward.  It will either need some major external influence, or the difficulty will need to be around ~0.5 to compensate for it at this hash rate.  The latter would only be a very temporary fix, and it would be counterproductive to the block reward changes in the first place.

All coins need some major external influence, stimulus, and some luck (Hype/Marketing/Investors) to rise. It will happen for KDC.

And those things would happen regardless of the fork, and wouldn't have alienated miners or gutted the network.  There's never any "inflation" issues with closed system coins like this.  All there are are "valuation" issues.

[placebo]

You know there is no logic behind altcoins....

DOGE was trading at 25sats only 2months ago and hit 300 sats (i think), now back to 165sats, why?

Did network hashrate dropped, mmm, i don't think so
Did block reward dropped, mmm, i don't think so
Was it pumped, mmm, maybe by someone with a lot of BTCs then


The only thing that is important is :

A coin needs developers to support the community
The community need to support their developers

[bangomatic]

There is nothing wrong with KDC now that the fork cured the inflation problem. We had 650mh/s NHR after the fork. Things fell off after the bad fork later that evening, couple that with the fact that coinmarket.io has been down also. We need to get on mintpal and cryptsy and get some investors interested in this coin, thats all. Everyone stay calm and Hold. ..dont give your KDC away.

People didn't leave because of fork launch issues, people left because the profitability tanked after the "fork issues" were fixed and the super low difficulty disappeared.  Net hash rate actually went up by 50% prior to the fork to get in before the block reduction took effect, so consider your 650MH/s net hashrate an anomaly, and your current 132MH/s the "new normal".  Try to tell me with a straight face that there's nothing wrong with KDC now that you've successfully excised nearly two-thirds of the normal daily network hash rate off the coin with this change.

We sit in a waiting game for the coin value to catch up to the new block reward.  It will either need some major external influence, or the difficulty will need to be around ~0.5 to compensate for it at this hash rate.  The latter would only be a very temporary fix, and it would be counterproductive to the block reward changes in the first place.

All coins need some major external influence, stimulus, and some luck (Hype/Marketing/Investors) to rise. It will happen for KDC.

And those things would happen regardless of the fork, and wouldn't have alienated miners or gutted the network.  There's never any "inflation" issues with closed system coins like this.  All there are are "valuation" issues.

Once the price adjusts upward, the miners will be back, it's just gonna take some time. I myself was in favor of the fork because prices kept falling because miners kept dumping for less and less. Even when KDC had 1 Gh the price was still ridiculously low and falling. This coin will not fail.

Look at elacoin, it has probably 50 mh/s NHR and cryptsy is full of buy orders as high as 47,000 sat. and have been up to 120,000 sat recently. How can you explain that?

EDIT: I checked elacoin and it now has 772 mh/s NHR !  and it trading at 48000. When it had 50 mh NHR it was trading at 120000. So price cannot be tied to NHR as evidenced by elacoin, EAC, NOBLE, DGB

[BitcoinStacker]

Dont forget to vote every hour and donate for Klondikecoin :

https://www.mintpal.com/voting

[Jilixi]

Dont forget to vote every hour and donate for Klondikecoin :

https://www.mintpal.com/voting

0.5 BTC will take us to rank 2, that would mean being added Sunday maybe? and if we get added then pushing Cryptsy as hard as we can would mean people buying since it would hit Cryptsy so if we push hard,we can get added to mintpal by the end of this week and (maybe) cryptsy next week.