[ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining

[shotgun1969]

Maxcoin halved to 8 coins per block this morning.

Unbelievable ...
No news, no hype ... no marketing ... nothing on Maxcoin twitter or Max Keiser's twitter.
No countdown, no urgency ... no nothing.
So much for waiting for the halving in Feb 2018; 6+months ahead of schedule ...

Clearly, somebody is dropping the ball, again.

Oh yeah, here's a thought ... retweeted by maxcoinvigilante ...
"What do you think about creating a few #Maxcoin mining rigs. So we can prevent coin dumping on market"
Welcome to real world on YOBit, open market, versus, closed market on JUBI, which is why the price went up in the first place.
As I've explained.  YOBit is going to introduce an open system, and dumping is encouraged indirectly by the Maxcoin team promoting mining.

Everybody got excited, thinking that the real world was JUBI, but it wasn't.
YOBit is proving that.

"Hey, let's promote mining Maxcoin ... Hey let's promote building a mining farm to prevent miners from dumping ..."

Diversity, inconsistency and stupidity at its best ...

Mining:  $15k in equipment now barely gets you 500 Maxcoins per day (depending on hardware).  Maxcoin at 500 sats is about $0.01 cent once again; therefore, simply $15,000 of equipment costs $150 a month in electricity (at 0.08 cents) and produces $150 a month in Maxcoins (converted to fiat for you non-believers).
Glad to see miners will soon enough see it's not profitable ... or ... you can mine something else, get 5-10 times your return, then, buy Maxcoin with the earnings.
And do you honestly see that happening with miners ...

Keep pushing lads ... you need investors ... and right now, I on't have the confidence in the developers to attract big money investors.

80% of the hashing power on maxcoin is just cheap nicehash rentals they dont even know there mining maxcoin. all they know is there getting paid.

[1714971124]

1714971124

[maxcoinproject]

The reward for mining Maxcoin was just cut in half

Read more at http://www.maxkeiser.com/2017/07/the-reward-for-mining-maxcoin-was-just-cut-in-half/

[FlungSpun]

I'd imagine when the miners wake up and realise the value potential here they will immediately cease mining maxcoin (pools will switch).
1 min blocks of 8 coin @ 0.00000500's


Unless someone is willing to throw money at artificially boosting max coin price or mine at a loss to keep it ticking over.

There's lots of holders with big bags of cheaply mined max who will dump on the first buy order of any size

My math screams life support, race to the bottom

[maxcoinproject]

- Please add in your maxcoin.conf:

addnode=node.maxcoinhub.io:8668

[FlungSpun]

Ouch coinmarketcap is still quoting Jubi as 98% of trade volume.
1920 vs 506 sats on Yobit

Good MAXCOIN team would make sure this is corrected before coin gets a bad name.

Misinformation = poor public engagement.

[FlungSpun]

I was watching the market as the first half of that happened I have a very strong feeling most of that volume was someone buying their own coins back to themselves.
lets not forget some of these folk have millions of max and its easy to swing that market with next to nothing.

Anyway I from what I saw the sells and buys got placed in extremely quick succession and were matched by exact values on the trades. Coincidence ? .. OK
You could see it pretty clearly in the trade history while it was still on screen sure it went on long after I stopped watching.

Historically max has only one shape to its market graph but I'm sure there will be a mass hype at some point.
Taking part is up to you, your money.

[FlungSpun]

I was watching the market as the first half of that happened I have a very strong feeling most of that volume was someone buying their own coins back to themselves.
lets not forget some of these folk have millions of max and its easy to swing that market with next to nothing.

Anyway I from what I saw the sells and buys got placed in extremely quick succession and were matched by exact values on the trades. Coincidence ? .. OK
You could see it pretty clearly in the trade history while it was still on screen sure it went on long after I stopped watching.

Historically max has only one shape to its market graph but I'm sure there will be a mass hype at some point.
Taking part is up to you, your money.

Well, I must admit, I considered for a microsecond buying back at 500 sats, when I sold at 2-4000 sats.
Definitely would have increased my position with the same BTC value, from 4-8 times the original Maxcoin holding.
So, hypothetical, selling 10k Maxcoins at 4000 could have turned into as much as 80k Maxcoins at 500 sats, definitely a better Maxcoin position.
Crazy to think at how hard that 70k Maxcoin difference is going to take, trying to mine it, now with the 8 Maxcoin reward per block.
500 sats feels like the floor ... and I can completely understand the move ...

My money/BTCs have already bought Maxcoins at 400,000, 300,000, 200,000, 80,000, and 30,000 sats ... so, no more money going in ... I'm still down something stupid like 99% of a tremendous amount of my BTC invested since the beginning, not to mention, never selling my mined Maxcoins for 3 years, until recently as described before.

So, the only time I will make another move, will be to sell the remaining Maxcoins, should anything astronomical happen.  And until then, my attention is elsewhere.
Should nothing really happen, then, those sitting in my wallet will just stay there ...

Right or Wrong I have always played max as declining market mine - sell - re-buy sell re-buy etc.etc ... usually good % all the way down boring and predicable
There are the same number of max above my buy orders now as there were 2 days ago but the book is now stretched longer.

The coins I picked up before the recent "activity" are now sold into it but I see no reason to move my buys up the book, I'd agree 4-500sats is about right  
I'll be patient for the inevitable .. I have a bag on standby

maxcoin antics seem a bit transparent for me to support the nonsense. That's if I'm right at all.

There are more exciting markets to play .. still....  popcorn at the ready!


Hey Iv'e got an idea ..... make max a POS coin and go twitter crazy

[sprinkles]

I remember Maxcoin being a great mine and dump when it first came out - weren't people paying several dollars a coin when it got listed on MXCNOW?
Pretty sure I made over 0.5 BTC in a few days with a couple of cards. I also traded some with a friend for Darkcoin (Dash) which he was mining.
I think the ratio was something like 2:1 in Maxcoins favour although could be wrong on that!?

I'd be amazed if MK got involved with this again. Epitome of scam coin.

Still have 20 in a wallet I held on to waiting for one last pump as it spiraled into oblivion. Doubt it'll ever be worth syncing up for.

[FlungSpun]

I remember Maxcoin being a great mine and dump when it first came out - weren't people paying several dollars a coin when it got listed on MXCNOW?
Pretty sure I made over 0.5 BTC in a few days with a couple of cards. I also traded some with a friend for Darkcoin (Dash) which he was mining.
I think the ratio was something like 2:1 in Maxcoins favour although could be wrong on that!?

I'd be amazed if MK got involved with this again. Epitome of scam coin.

Still have 20 in a wallet I held on to waiting for one last pump as it spiraled into oblivion. Doubt it'll ever be worth syncing up for.

Yeah mining profits on max were on the obscene side for a short period .... cool running GPUs too!..... MCXNOW! .. them was the days.

[vint]

When will Maxcoin trade on a more or less normal exchange?
Max Keiser advertises a Maxcoin, but it trades in some kind of basement.

[FlungSpun]

When will Maxcoin trade on a more or less normal exchange?
Max Keiser advertises a Maxcoin, but it trades in some kind of basement.

What like a "Boiler room" sort of thing you mean ??

[maxcoinproject]

Watch the interview With Max Keiser of 'Keiser Report' at ffVegas about Bitcoin, Gold, MaxCoin and the crypto gangster life.

https://steemit.com/maxkeiser/@crypt0/interview-with-max-keiser-of-keiser-report-there-s-a-maxcoin

[sylph93]

The DAO tokens are now recognized as securities by SEC. This means the era of token is passing by. Now the era of coins return.

[FlungSpun]

https://twitter.com/Merlinsmatrix/status/889751259649122304

Sooo .. hover your mouse over @maxcoinproject ... WavesDesk

[Armando]

The DAO tokens are now recognized as securities by SEC. This means the era of token is passing by. Now the era of coins return.

Many ICOs were not accepting US investors for a while, I doubt the SEC ruling whatever they decide would kill the ICOs

[linenoise]

I had a few MAX left in a wallet and thought I'd try to clear them out. Jubi - a chinese exchange - still has the coin and people are buying and selling. I managed to sign up with translating yet for the past month maxcoin can't be deposited there to sell.  Not sure if it's me or not. Anyone else use Jubi?

[DrLexus]

From the Maxcoin ORG Twitter account https://twitter.com/maxcoinbiz/status/893894798339440640

"Few more tweaks and shipping awesome Pi's out. We have a target to get 200 super nodes out in the wild ASAP!! Price = Boom!!!"

https://twitter.com/maxcoinbiz/status/895962624395014144

"#MaxCoin SuperNode Gen Edition, Overclocked Pi's stable and ready to rock next week. Hashing @ 1GH @maxkeiser sending yours soon."

Who knows if Maxcoin will survive?

[wildbud]

Watch the interview With Max Keiser of 'Keiser Report' at ffVegas about Bitcoin, Gold, MaxCoin and the crypto gangster life.

https://steemit.com/maxkeiser/@crypt0/interview-with-max-keiser-of-keiser-report-there-s-a-maxcoin


that was really interest interview. recommend.

[TheKingInYellow]

200 sat to 8k sat recently.. what in the hell happened?

[TheKingInYellow]

- Please add in your maxcoin.conf:

addnode=node.maxcoinhub.io:8668

This node works well, you should add it to the OP Max