[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?

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.

I think we agree on many levels.  The next two months will be exciting either way.  I'm just concerned that at a pay of 4 coins per block the security of the hash will be at risk and all the hard work done by so many here will be destroyed.

[jackdminer]

Mintpal was down for maintenance and I got filled all over the place when trading resumed.  All my BUYS down to about 3300 and sells up to about 4600 were filled.  High class problem I guess.

[holzer]

I had 5500 kdc buy order filled at 2500 today. Thanks whoever you are lol. I had totally forgot It was still there until it got filled.

[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.

I think we agree on many levels.  The next two months will be exciting either way.  I'm just concerned that at a pay of 4 coins per block the security of the hash will be at risk and all the hard work done by so many here will be destroyed.

Great   Kdc needs each of us to succeed, especially in these moments. The day the reward drops at 4 coins, I will turn my rig at full power on kdc for the security of the hash until the coin finds its equilibrium in the following days. That's what all people who have bought kdc should do and that's what I've already done after the hard fork.

[LeBarton]

I had 5500 kdc buy order filled at 2500 today. Thanks whoever you are lol. I had totally forgot It was still there until it got filled.

That guy must have a huge load of kdc to be so generous 

[kaotik]

There seems to be issues with kimoto gravity well, since Klondikecoin also uses it, this should be considered:
https://bitcointalk.org/index.php?topic=504103.0
https://bitcointalk.org/index.php?topic=505243.0

[jackdminer]

There seems to be issues with kimoto gravity well, since Klondikecoin also uses it, this should be considered:
https://bitcointalk.org/index.php?topic=504103.0
https://bitcointalk.org/index.php?topic=505243.0

Its one of the many threats of a very low hash coin.  Just point 10 Mh/s at some 2 Mh/s coin go drink a few cold ones, come back inject attack, drop your provided net hash to 4...

Its one of the many exploits we will read about in the coming months as some of these coins trickle net hash before dying.

If you have standing 1 satoshi BUYs on weak 30 sat coins you may want to rethink that.

[tminer]

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.

it is very good advise. why people wasting their time for simply replying for a daytrader who does'nt think

anything other than mine the profitable coin and make gains with buy low sell high. if you are serious then

promotion is the very important thing. consider bitcoin when it started only a very few started accepting it,

but when it gains wider acceptance with large merchants and shops, atms,  services based on bitcoins in a

large scale,  price goes to the level nobody things, [from 13 usd to 1200 usd( both in same 2013)], so in my

opinion even if kdc goes to 1usd/coin[ the speculative thing ], it will comes down if it lacks wider

acceptance, so with wider publicity and acceptance only a coin can sustain( and price will goes high along with it)

see our OP is not updated , it even shows the mintpal voting [we are already in it] also

in the website. In the services section of website it doesnot mention about altoutlet also.

these are very simple things that can be done without any pain, if we even do not do these who will do it

for us ?.

please also post a detailed manual of kdc to fiat steps

[tminer]

         
                      http://crowncloud.net/



                     http://crowncloud.net/contact.php

[Belogvardeec]

Greetings to all =)
Sorry, I do not speak English, use a translator. I liked your coin, I think it is promising. We are investors in promising coins. Now we pay much attention to the coin of Saturn. But we are also interested in your coin. We would like to know more about its benefits.  Tell me what you need for active promotion of the coin? Better in e-mail.

[kahir]

what is the biggest exchange for this coin .... mintpal got small volume

[LeBarton]

what is the biggest exchange for this coin .... mintpal got small volume

Mintpal is the biggest right now. As for the volume, the more people are interested in kdc, the more volume it will have

[DailyModo]

         
                      http://crowncloud.net/



                     http://crowncloud.net/contact.php

This could be a nice addition

[roctiv]

KDC in cryptsy goes to 1st 

[Jes159]

Greetings to all =)
Sorry, I do not speak English, use a translator. I liked your coin, I think it is promising. We are investors in promising coins. Now we pay much attention to the coin of Saturn. But we are also interested in your coin. We would like to know more about its benefits.  Tell me what you need for active promotion of the coin? Better in e-mail.

Hi, welcome to the community! What is your native language? One of our community managers might speak the same language.

[tminer]

         
                      http://crowncloud.net/



                     http://crowncloud.net/contact.php

This could be a nice addition

seems they also support globe coin as per globecoin's claim see http://globecrypto.com/?page_id=6620

[kahir]

link to block exlporer ..?

[tminer]

link to block exlporer ..?

http://klonchain.info/

[roctiv]

KDC 1st in cryptsy 

[jackdminer]

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.

it is very good advise. why people wasting their time for simply replying for a daytrader who does'nt think

anything other than mine the profitable coin and make gains with buy low sell high. if you are serious then

promotion is the very important thing. consider bitcoin when it started only a very few started accepting it,

but when it gains wider acceptance with large merchants and shops, atms,  services based on bitcoins in a

large scale,  price goes to the level nobody things, [from 13 usd to 1200 usd( both in same 2013)], so in my

opinion even if kdc goes to 1usd/coin[ the speculative thing ], it will comes down if it lacks wider

acceptance, so with wider publicity and acceptance only a coin can sustain( and price will goes high along with it)

see our OP is not updated , it even shows the mintpal voting [we are already in it] also

in the website. In the services section of website it doesnot mention about altoutlet also.

these are very simple things that can be done without any pain, if we even do not do these who will do it

for us ?.

please also post a detailed manual of kdc to fiat steps

Without profit miners a coin will not have a robust diverse NET HASH.  A small committed community simply can not provide a large enough hash for the coin to be secure.  Like it or not a coin HAS to pay workers to hash the blocks.  Striking that balance of just enough pay for an adequate NET HASH is what I'm arguing.

But here it is another comment that people like me are destructive or not to be considered because we mine a coin and exchange those coins for BTC.  The truth is people like me simply put our assets to work, take all the up front risk and just want to be fairly compensated for our effort.  We're not trying to extort value from the coin or anyone else.  Finally we don't go around dumping coins on the market either, we are always seeking the highest price for our work.

I think the community that embraces workers will be stronger!  How profit miners got such a bad reputation is beyond me except for people are always looking for a reason why their coin isn't going to the moon.  Just look back in this thread, it's been too many coins rewarded, not on the right exchange, on and on...