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

[jackdminer]

We are past the halfway point to the next block halving down to 8 coins per block. Block 106176 was halfway, we are on block ~107107.  

I think the block halving is 1st of April!

Can't wait to get there  

It's gonna be interesting!  

If by interesting you mean disastrous for the NET HASH then yes it will be!


After the halving the best thing anyone can do is get on the markets and buy the coin for double the pre halving price.  That will at least sustain the NET HASH.  Or everyone can go out and buy some ATI GPUs and mine the coin to support it.  

No need to double the price to keep the net hash. The net hash will fall for a few days. During that time multipools will continue to slaughter the others coins, these coins will be less profitable and miners will come back to kdc for the same price but for half the coin amount.
By calling for an attempt to double the price, you are just trying to maintain your profit. Money is lacking in the altcoin market right now. We, investors are suffering and the next ones to suffer will be you the miners. It's just a cycle. Less money --> less profitable to mine --> less miners. Most of the coins are losing 70-80% of their value, you have to accept to have a lower profit as a miner. If you are a dumper miner and your electricity cost is too high, well then it's better for you to turn off your rig. If you are a long term miner and believe in this coin, well you mine at a loss now, hold and hope to make a profit later.
There is too less money and too many miners for the profit to make in the altcoin market at this time, so the market needs to get rid of some of them. Now will be downsizing time for the miners.
When money will come back, we will all be happy again ofc  

For profit miners will not come back at the same price for half the coins...  That's charity, we just find another coin or shut it down.  For profit miners are not long term, mine the coin... sell the coin... rinse. repeat. If the coin has a good market with price volatility, we also buy low sell high.

Like it or not a coin needs a healthy for profit base working the hash or there is no coin.  KDC will be a dead coin at 4 KDC per block at this price, there is not much to argue like you said sooner or later the field of ALT COINS will be culled. This coins future PAY STRUCTURE has put it on the short list of who goes first...  Barring an influx of BUY orders at higher prices.

I'm curious... as an investor in ALT COINS, what are you investing in?  Isn't the correct term speculator?  Good luck with the HOLD and HOPE speculation strategy!

LOL you said the same before the hard fork and you are still here. But let me do the math. 77/16 = 4.81. Hmm the price isn't 4.81 times the price before the hard fork and you are here. So why are you here? Of course, the others coins are less profitable than before too, that's it. And now because there is halving, you ask people to pay the double. Not 50% more, the double. You are denying the fact that other coins are less and less profitable too. I'm sure that with only an increase of 50% in price, you will come back in a few days/weeks to mine kdc again for half the coins this time.

So, where are your sell walls? One before 5000, another one around 5500? Maybe the one at 5800 too? And of course the one at 8000 on coinedup.

Ok I have mined this coin after the block reduction to 16, but only when the NET HASH and PRICE align.  Would I mine this coin if the pay was 16 and the net hash was 400 with a price of 4k satoshi?  NO WAY!

Do I mine it at 4k with a net hash under 180?  Sometimes.  so  your simple napkin math of 77/16 = 4.81 misses the whole function of NET HASH and how much work is being performed and at what rate of pay.

...Your not alone the concept appears to escape everyone, but it is the critical piece to a successful coin.

And yes I did say the same before the hardfork, and what exactly was my prediction of net hash with a price of 3k?

You talk about stuff that makes a succesfull coin but you are still here? if you are so good at seeing what coins are good coins then you should be rich at this point? Correct me if I am wrong but your arguments are invalid. Just another shitty person trying to get attention for his to him "smart" thinking.

Say hello to my ignore list (I should have done that a long time ago)

Or goodbye to a closed minded fool!

[placebo]

@jackdminer

If you think KDC will be a dead coin, why in the fucking hell are you WASTING your time on a dead coin??!!!! Don't you have anything else to do? Or maybe you're only on threads with dead coins and KDC is the best of the dead coins?

[bangomatic]

@jackdminer

If you think KDC will be a dead coin, why in the fucking hell are you WASTING your time on a dead coin??!!!! Don't you have anything else to do? Or maybe you're only on threads with dead coins and KDC is the best of the dead coins?

I imagine Jack is holding some KDC else he wouldn't be interested in this thread.

I wouldn't totally discount what he is saying, however, history is yet to be written, so we will have to wait and see how block halving to 8 coins works out.

[jackdminer]

@jackdminer

If you think KDC will be a dead coin, why in the fucking hell are you WASTING your time on a dead coin??!!!! Don't you have anything else to do? Or maybe you're only on threads with dead coins and KDC is the best of the dead coins?

KDC was my first profit mine, my first coin I made a market in, I like this coin.  

But unfortunately it appears your only allowed to be a cheerleader for this coin and criticism is frowned upon.

Why is it exactly that if my opinion does not match up with yours I don't belong here?  All of us are just trying to make a difference and make this coin better.  The dirty laundry must be dealt with, if you choose not to deal with the ugly bits, fine.  But discouraging others from doing so does not help anyone.

Ignore me, block me whatever you must do, it will not save you from the fundamentals.  Get in front of it be proactive!

[LeBarton]

We are past the halfway point to the next block halving down to 8 coins per block. Block 106176 was halfway, we are on block ~107107.  

I think the block halving is 1st of April!

Can't wait to get there  

It's gonna be interesting!  

If by interesting you mean disastrous for the NET HASH then yes it will be!


After the halving the best thing anyone can do is get on the markets and buy the coin for double the pre halving price.  That will at least sustain the NET HASH.  Or everyone can go out and buy some ATI GPUs and mine the coin to support it.  

No need to double the price to keep the net hash. The net hash will fall for a few days. During that time multipools will continue to slaughter the others coins, these coins will be less profitable and miners will come back to kdc for the same price but for half the coin amount.
By calling for an attempt to double the price, you are just trying to maintain your profit. Money is lacking in the altcoin market right now. We, investors are suffering and the next ones to suffer will be you the miners. It's just a cycle. Less money --> less profitable to mine --> less miners. Most of the coins are losing 70-80% of their value, you have to accept to have a lower profit as a miner. If you are a dumper miner and your electricity cost is too high, well then it's better for you to turn off your rig. If you are a long term miner and believe in this coin, well you mine at a loss now, hold and hope to make a profit later.
There is too less money and too many miners for the profit to make in the altcoin market at this time, so the market needs to get rid of some of them. Now will be downsizing time for the miners.
When money will come back, we will all be happy again ofc  

For profit miners will not come back at the same price for half the coins...  That's charity, we just find another coin or shut it down.  For profit miners are not long term, mine the coin... sell the coin... rinse. repeat. If the coin has a good market with price volatility, we also buy low sell high.

Like it or not a coin needs a healthy for profit base working the hash or there is no coin.  KDC will be a dead coin at 4 KDC per block at this price, there is not much to argue like you said sooner or later the field of ALT COINS will be culled. This coins future PAY STRUCTURE has put it on the short list of who goes first...  Barring an influx of BUY orders at higher prices.

I'm curious... as an investor in ALT COINS, what are you investing in?  Isn't the correct term speculator?  Good luck with the HOLD and HOPE speculation strategy!

LOL you said the same before the hard fork and you are still here. But let me do the math. 77/16 = 4.81. Hmm the price isn't 4.81 times the price before the hard fork and you are here. So why are you here? Of course, the others coins are less profitable than before too, that's it. And now because there is halving, you ask people to pay the double. Not 50% more, the double. You are denying the fact that other coins are less and less profitable too. I'm sure that with only an increase of 50% in price, you will come back in a few days/weeks to mine kdc again for half the coins this time.

So, where are your sell walls? One before 5000, another one around 5500? Maybe the one at 5800 too? And of course the one at 8000 on coinedup.

Ok I have mined this coin after the block reduction to 16, but only when the NET HASH and PRICE align.  Would I mine this coin if the pay was 16 and the net hash was 400 with a price of 4k satoshi?  NO WAY!

Do I mine it at 4k with a net hash under 180?  Sometimes.  so  your simple napkin math of 77/16 = 4.81 misses the whole function of NET HASH and how much work is being performed and at what rate of pay.

...Your not alone the concept appears to escape everyone, but it is the critical piece to a successful coin.

And yes I did say the same before the hardfork, and what exactly was my prediction of net hash with a price of 3k?

Don't get me wrong, I understand the concept pretty well. What I'm telling you is that there is a natural selection going on between the profit miners and that the hashrates for most alt coins will go down in the coming weeks. The charity miners as you call them don't mind the price, they are ready to mine at a loss for a certain time period. The profit miners with the highest costs will turn off their rigs because they won't find any coin profitable enough for them to break even. There are miners out there that have free or really cheap electricity. They don't have the same price expectations as you to make the same profit. The hash rates on most alt coins will be lower in the coming weeks, the mining will be done by the most cost-effective miners and the more dedicated miners. Fighting to maintain the hashrate in the current trend of the alt coin market is unrealistic and so is the idea to double the price. If we do so, it would mean that we are overpaying kdc. Why would we pay kdc 100% more if we can get them for only 50% more?

I just want people to pay the fair price for kdc. These are harsh times for everyone. But having a price increase and maintaining it in such a sad market is already a little wonder. The community is strong, the marketing team has done an amazing work and I'm sure they will keep it on, the dev listens to the community. This may seem basic requirements but take a look out there, there aren't that many coins that have that. This coin isn't the last so-called hyped coin for sure but that's its strength too. The more people will get burned with those shitty scamcoins, the more disgusted that are, the more they will come to kdc.

[kevin99]

WTF??? one people have sell all buy order in mintpal

[placebo]

WTF??? one people have sell all buy order in mintpal

Looks like it.... it seems when you're not a national coin that you will go to trash and only those coins are making money (now). Planning to have a trip to Crimea, and check out if i can have a deal with the Tatars, who knows... but why should they accept KDC when i cannot offer them 50% pre-mine...

[Jes159]

WTF??? one people have sell all buy order in mintpal

Could just be market manipulation, selling a few coins cheap to clear the buy orders which then allows them to buy in when people panic. Sadly that's what happens when buy support is low. Works both ways though, as it wouldn't take much BTC to double the coin price.

[SparkIt]

Look at those buy orders, I think we've got a pump incoming somehow!
He wanted people to panic sell!

[LeBarton]

WTF??? one people have sell all buy order in mintpal

Cheap coins, I like it 

[Jes159]

Look at those buy orders, I think we've got a pump incoming somehow!
He wanted people to panic sell!

A fair few orders went through at 2500k for small amounts, someone trying to drive the price down to buy in cheap

EDIT: watching the market, whoever it is is a real amateur, nothing to see here. Looks like a bot.

[SparkIt]

Look at those buy orders, I think we've got a pump incoming somehow!
He wanted people to panic sell!

A fair few orders went through at 2500k for small amounts, someone trying to drive the price down to buy in cheap

EDIT: watching the market, whoever it is is a real amateur, nothing to see here. Looks like a bot.

Yeah, it's a bot I think. I put an order at 4600, he instabought 0.2 I put buy at 4000 and it was instafilled.

[DailyModo]

halving is going to be bad.

What about the op make a special day for klondike coin?

Lets say the day will be called the klondike rush and we receive something like 30-40 kdc per bloc.

this can happen once a month or this coin is just not going to make it after halving.

If halving happen the price will need to double up to maintain the actual price.

If there are services worth mining and buying with KDC there is nothing to worry about with the halving. PLEASE FOR THE LOVE OF GOD can we stop talking about prices? Its like that is the only thing going through people heads.

Some talk about people being here for the quick buck, but for me it just seems that those saying that are here for the same reason.

So the price is really the only reason for people mining this? Is mining the coin everything?
The more hands the same coin switches the better. So if all of you stop talking about hashrate and prices that would be awesome. I contacted OK Pay to check if they would be interested but it was a no go on that.

Instead of nagging on eachothers arguments here go ask Ebay if they would like to add us. (Not really realistic but you all see my point).

I am personally thinking of registering a company and trading KDC -> Gold and Fiat in larger volumes. That might be interesting for some and maybe a gateway for people to get cash out and having a registered company and absolute transparency might be more appealing for the bigger crowd.

Didnt mean to say im only here for the $.

I want KDC to succeed, but if the price of kdc stays low we cannot bring it to another level.

Who would want as a serious online shop to accept 1000 coins in order to receive 5$??

to purchase a tv online with KDC it would require 100k KDC but the market only has 20 mil  coins it doesn't makes sens.

With the third of kdc already mined out the price should go higher in order to attract more attention.

look at those new coins they come with a big market cap and people jumps on them, then they realise there is nothing this coin can offer to us and they dump it. If KDC is finally worth something on the market cap people wont quit it since KDC has a lot to offer.

So in my opinion the only real issue here is the kdc price on the market scares away most people.

[holzer]

Obviously someone playing games....


Top Sell Orders
PRICE (BTC)    KDC    BTC
0.00003407    0.19733100    0.00000672
0.00003408    0.19733100    0.00000673
0.00003409    0.19733100    0.00000673
0.00003410    0.19733100    0.00000673
0.00003411    0.19733100    0.00000673
0.00003412    0.19733100    0.00000673
0.00003413    0.19733100    0.00000673
0.00003414    0.19733100    0.00000674
0.00003415    0.19733100    0.00000674
0.00003416    0.19733100    0.00000674

[Jes159]

Look at those buy orders, I think we've got a pump incoming somehow!
He wanted people to panic sell!

A fair few orders went through at 2500k for small amounts, someone trying to drive the price down to buy in cheap

EDIT: watching the market, whoever it is is a real amateur, nothing to see here. Looks like a bot.

Yeah, it's a bot I think. I put an order at 4600, he instabought 0.2 I put buy at 4000 and it was instafilled.

Lol, it's more of an inconvenience than anything else. Doubt it's a serious trader trying to drive price down or there would be bigger sell walls. Just someone who's worked out how to code a bot.

[LeBarton]

Look at those buy orders, I think we've got a pump incoming somehow!
He wanted people to panic sell!

A fair few orders went through at 2500k for small amounts, someone trying to drive the price down to buy in cheap

EDIT: watching the market, whoever it is is a real amateur, nothing to see here. Looks like a bot.

Yeah, it's a bot I think. I put an order at 4600, he instabought 0.2 I put buy at 4000 and it was instafilled.

Lol, it's more of an inconvenience than anything else. Doubt it's a serious trader trying to drive price down or there would be bigger sell walls. Just someone who's worked out how to code a bot.

kinda weird indeed

[Gabri]

Someone should contact Mintpal so they ban him. Market manipulation shouldn't be allowed. At least that obvious.

[Gabri]

Someone should contact Mintpal so they ban him. Market manipulation shouldn't be allowed. At least that obvious.

20 seconds after saying this he removed his sell orders. 

[LeBarton]

Someone should contact Mintpal so they ban him. Market manipulation shouldn't be allowed. At least that obvious.

Well market manipulation is everywhere on Mintpal. It was just a matter of time for kdc to deal with it. But we needed a real exchange so we have to deal with the inconvenients. And I hate to deal with bots too 

[holzer]

There are bots and market manipulation on all exchanges, there is no escaping it.