thelonecrouton
Legendary
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Activity: 966
Merit: 1000
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June 24, 2014, 11:58:28 AM |
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DRK so undervalued right now. Real price considering mining cost should be around 0.03-0.04
When mining DRK you just have to think ahead a bit... Everyone kept telling me it was unprofitable, yet here I am, happy as a dog in a sidecar. You always have to consider how many DRKs you'd get if you mined something else, sold it and bought DRK. If you can get twice the number of DRKs that way => why not... except the logistics of moving around the mining power all the time instead of leaving it @ DRK. The price of a coin should naturally gravitate towards its mining cost. If it costs >0.03 to mine and the price is 0.0165, that's good for price potential. It's also good in terms of using mining power elsewhere and buying DRKs off the market - creating demand. The opposite is the case when others are mining you for being the most profitable and then dumping the coins / suppressing the price. I refuse to mine garbage on general principles.  |
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rickraw
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June 24, 2014, 12:14:15 PM |
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What the heck MP haha - 08:07:17 0.016335 7209.34
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toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
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June 24, 2014, 12:17:59 PM |
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What the heck MP haha - 08:07:17 0.016335 7209.34
What's 118 BTC between friends  |
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roede94105
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June 24, 2014, 12:18:18 PM |
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100BTC sold, almost no impact on price lol
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rickraw
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June 24, 2014, 12:19:54 PM |
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100BTC sold, almost no impact on price lol
Yes I'm loving how no one even cares, keep on keeping on like nothing happened. Even Cryptsy didn't react. |
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ddink7
Legendary
Offline
Activity: 1120
Merit: 1000
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June 24, 2014, 12:30:10 PM |
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DRK so undervalued right now. Real price considering mining cost should be around 0.03-0.04
When mining DRK you just have to think ahead a bit... Everyone kept telling me it was unprofitable, yet here I am, happy as a dog in a sidecar. You always have to consider how many DRKs you'd get if you mined something else, sold it and bought DRK. If you can get twice the number of DRKs that way => why not... except the logistics of moving around the mining power all the time instead of leaving it @ DRK. The price of a coin should naturally gravitate towards its mining cost. If it costs >0.03 to mine and the price is 0.0165, that's good for price potential. It's also good in terms of using mining power elsewhere and buying DRKs off the market - creating demand. The opposite is the case when others are mining you for being the most profitable and then dumping the coins / suppressing the price. I refuse to mine garbage on general principles. I refuse to lose 2/3 of my potential mining revenue on general principles. YMMV. I do like the earlier poster said: rent my rig in BTC and then turn the BTC into DRK. Chaching! |
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PepiX
Newbie
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Activity: 39
Merit: 0
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June 24, 2014, 12:32:00 PM |
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Thanks I thought it is from within MintPal.. |
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bitcoinhype
Newbie
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Activity: 44
Merit: 0
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June 24, 2014, 12:38:25 PM |
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Is anyone else having trouble accessing darkcointalk.org?
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shfc
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June 24, 2014, 12:43:19 PM |
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Thanks I thought it is from within MintPal.. Bitcoinwisdom is good |
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GhostPlayer
Legendary
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Activity: 1092
Merit: 1000
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June 24, 2014, 12:44:44 PM |
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Is anyone else having trouble accessing darkcointalk.org?
working here |
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youngmike
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June 24, 2014, 01:20:47 PM |
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DRK so undervalued right now. Real price considering mining cost should be around 0.03-0.04
No it's not. Me and my trader friends just dumped all our DRK to buy Cloak, it's going to obsolete this pretty soon. |
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Freckleg
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June 24, 2014, 01:24:01 PM |
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DRK so undervalued right now. Real price considering mining cost should be around 0.03-0.04
No it's not. Me and my trader friends just dumped all our DRK to buy Cloak, it's going to obsolete this pretty soon. Whoaaaaaahhhaaaaahhhaaaahahaha best Joke of the day! |
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gyckey
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June 24, 2014, 01:25:35 PM |
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DRK so undervalued right now. Real price considering mining cost should be around 0.03-0.04
No it's not. Me and my trader friends just dumped all our DRK to buy Cloak, it's going to obsolete this pretty soon. What is Cloak? Anyway, I really like DRK. |
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Enzwell
Newbie
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Activity: 26
Merit: 0
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June 24, 2014, 01:26:38 PM |
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I am not saying that no one should mine. Just questioning how to motivate miners. MN owners are motivated by the 20% / block value taken from the miners. So miners get 20% less with MN payments on. That is a fact.
And the question to mine or not to mine - lets say you can rent out your mining power for 0.001 BTC / Mhs. Lets assume you have 200 Mhs on hand. Makes 0.2 BTC/day. With current price 0.0165 its aproximately 12 DRK/day. Which is almost double what you would get while mining directly.
And yes, I mine DRK, but my primary goal is to get as much DRK/day as possible, with the expectation of price rise.
You know what... now that I think about it.... go ahead. Everybody buy more and more masternodes... who cares. Invest your life savings in DRK, why not. You will play into the feedback loop that will make mining more profitable evertime you take 1000 DRK off the market. So please, just do as you wish, lol ...  Not running any master node myself. And yes, I could if I wanted. Multiple. big penis Actually that's, big truck, small penis. |
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youngmike
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June 24, 2014, 01:27:52 PM |
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DRK so undervalued right now. Real price considering mining cost should be around 0.03-0.04
No it's not. Me and my trader friends just dumped all our DRK to buy Cloak, it's going to obsolete this pretty soon. Whoaaaaaahhhaaaaahhhaaaahahaha best Joke of the day! C'mon man, quit lying to yourself. I'm in as an 10BTC investor, not a fanboy of some particular coin like some kids out there. Dark time was a good time but now there are new players with more innovative tech. |
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ddink7
Legendary
Offline
Activity: 1120
Merit: 1000
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June 24, 2014, 01:30:41 PM |
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Really crazy idea, but maybe you could go talk about shitcoin in their thread and leave this thread for Darkcoin discussion. If it's not too inconvenient.
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youngmike
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June 24, 2014, 01:33:01 PM |
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go talk about shitcoin in their thread
Shitcoin? What do you exactly mean? |
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Freckleg
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June 24, 2014, 01:34:05 PM |
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C'mon man, quit lying to yourself. I'm in as an 10BTC investor, not a fanboy of some particular coin like some kids out there. Dark time was a good time but now there are new players with more innovative tech.
10 BTC and then dump 7k of Dark. If you are not capable of doing simple math..............well lets not bother to discuss.......you made it to my Troll VIPignorelist instantly, please discuss your shitcoins outside of this thread...... |
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