Vinculin
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February 05, 2014, 05:31:14 PM |
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will i make money on this coin?
Yes every coin with such volume can make money, looking at leaf and moon
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Vinculin
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February 05, 2014, 05:32:18 PM |
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will i make money on this coin? Yes, kittehcoin started as fun project too but it got big popularity..... I think price will be 20-30 satoshi when corgi will be on cryptsy Price will eventually rise even if it hits coinmarket/coinedup.
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userpacman
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February 05, 2014, 06:14:24 PM |
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will i make money on this coin? Yes, kittehcoin started as fun project too but it got big popularity..... I think price will be 20-30 satoshi when corgi will be on cryptsy Price will eventually rise even if it hits coinmarket/coinedup. I wrote to the admin of http://www.gocorgi.com/forums/forum.php I hope they let me publish the announce on their big forum :-)
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cmj007cmj
Member
Offline
Activity: 63
Merit: 10
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February 05, 2014, 06:17:36 PM |
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corgicoin need some market campaign
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blade87
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February 05, 2014, 06:29:09 PM |
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Mined this 24 hours and got over 1 million coins. It's definitely shades of DOGE from December. I like it, but a 1 billion premine means that this won't go anywhere unless a significant portion of that is distributed fairly. The 666 million premine from SaturnCoin and lack of distribution caused it to pretty much go DOA. That's now worth 5 satoshi on a 3rd rate exchange with no volume (aka worthless). The easiest way to distribute imo would be to have one giant lottery for all miners. Distribute it so that everyone wins something, with the highest getting maybe 10M coins? And the lowest 1000? Keep 100-250M of that original 1B stash for yourselves (making it effectively a much more reasonable 0.1-0.25% premine, but I'd lean towards 0.1% for a 100B total coin) and if this coin goes places you'll have a solid 10... 20... 30 BTC worth and etc. Otherwise you'll run into the same problem that SaturnCoin dev found - can't dump even "2 BTC worth" without it going to or even below 1 satoshi.
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cmj007cmj
Member
Offline
Activity: 63
Merit: 10
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February 05, 2014, 06:37:01 PM |
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the hashrate drop dramaticly,
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matauc12
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February 05, 2014, 06:39:28 PM |
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Mined this 24 hours and got over 1 million coins. It's definitely shades of DOGE from December. I like it, but a 1 billion premine means that this won't go anywhere unless a significant portion of that is distributed fairly. The 666 million premine from SaturnCoin and lack of distribution caused it to pretty much go DOA. That's now worth 5 satoshi on a 3rd rate exchange with no volume (aka worthless). The easiest way to distribute imo would be to have one giant lottery for all miners. Distribute it so that everyone wins something, with the highest getting maybe 10M coins? And the lowest 1000? Keep 100-250M of that original 1B stash for yourselves (making it effectively a much more reasonable 0.1-0.25% premine, but I'd lean towards 0.1% for a 100B total coin) and if this coin goes places you'll have a solid 10... 20... 30 BTC worth and etc. Otherwise you'll run into the same problem that SaturnCoin dev found - can't dump even "2 BTC worth" without it going to or even below 1 satoshi. Actually the best way to use that premine is through marketing.
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cmj007cmj
Member
Offline
Activity: 63
Merit: 10
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February 05, 2014, 06:57:30 PM |
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Mined this 24 hours and got over 1 million coins. It's definitely shades of DOGE from December. I like it, but a 1 billion premine means that this won't go anywhere unless a significant portion of that is distributed fairly. The 666 million premine from SaturnCoin and lack of distribution caused it to pretty much go DOA. That's now worth 5 satoshi on a 3rd rate exchange with no volume (aka worthless). The easiest way to distribute imo would be to have one giant lottery for all miners. Distribute it so that everyone wins something, with the highest getting maybe 10M coins? And the lowest 1000? Keep 100-250M of that original 1B stash for yourselves (making it effectively a much more reasonable 0.1-0.25% premine, but I'd lean towards 0.1% for a 100B total coin) and if this coin goes places you'll have a solid 10... 20... 30 BTC worth and etc. Otherwise you'll run into the same problem that SaturnCoin dev found - can't dump even "2 BTC worth" without it going to or even below 1 satoshi. Actually the best way to use that premine is through marketing. great idea
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madmartyk
Legendary
Offline
Activity: 2702
Merit: 1030
Yes I am a pirate, 300 years too late!
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February 05, 2014, 07:14:28 PM |
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That big of premine will kill a coin... I picked up on this yesterday and have been hitting it, but if you want to have it increase like DOGE that premine has to be used for something. I like the giveaway!!! lol
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Vinculin
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February 05, 2014, 08:19:33 PM |
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That big of premine will kill a coin... I picked up on this yesterday and have been hitting it, but if you want to have it increase like DOGE that premine has to be used for something. I like the giveaway!!! lol
I agree. No major exchanges (coinedup, cryptsy, coinex and coin market) will accept the coin with such huge amount of premine, although i think the coin may increase the price (at least hit back to 10 satoshi) slowly with little volume.
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madmartyk
Legendary
Offline
Activity: 2702
Merit: 1030
Yes I am a pirate, 300 years too late!
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February 05, 2014, 08:24:59 PM |
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Net hashrate has dropped a bit.
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Ng93
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February 05, 2014, 08:44:15 PM |
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I spoke with the dev and the dev has only 2 mil coins ... There are other people with a lot more coins, there was no premine, only it was a little bit earlier only but NO premine So some huge holders can do some giveaways because otherwise there hashrate won't worth anything Kind regards
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blade87
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February 05, 2014, 08:55:44 PM |
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Mined this 24 hours and got over 1 million coins. It's definitely shades of DOGE from December. I like it, but a 1 billion premine means that this won't go anywhere unless a significant portion of that is distributed fairly. The 666 million premine from SaturnCoin and lack of distribution caused it to pretty much go DOA. That's now worth 5 satoshi on a 3rd rate exchange with no volume (aka worthless). The easiest way to distribute imo would be to have one giant lottery for all miners. Distribute it so that everyone wins something, with the highest getting maybe 10M coins? And the lowest 1000? Keep 100-250M of that original 1B stash for yourselves (making it effectively a much more reasonable 0.1-0.25% premine, but I'd lean towards 0.1% for a 100B total coin) and if this coin goes places you'll have a solid 10... 20... 30 BTC worth and etc. Otherwise you'll run into the same problem that SaturnCoin dev found - can't dump even "2 BTC worth" without it going to or even below 1 satoshi. Actually the best way to use that premine is through marketing. You're not going to be able compete with DOGE from just marketing. There are 7 new alt coins released every day doing the same thing. And if I know there's a huge non-distributed premine for the said marketed coin, I'm just going to flat out ignore it. I'm mining CORGI for a little bit right now on the hopes they will do something right with their premine. Plus a giant lottery would bring a lot of hype, hash power, and possible start up a fairly good sized community. Is that not good marketing?
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crike
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February 05, 2014, 09:01:56 PM |
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That big of premine will kill a coin... I picked up on this yesterday and have been hitting it, but if you want to have it increase like DOGE that premine has to be used for something. I like the giveaway!!! lol
I agree. No major exchanges (coinedup, cryptsy, coinex and coin market) will accept the coin with such huge amount of premine, although i think the coin may increase the price (at least hit back to 10 satoshi) slowly with little volume. Like they didnt accept EAC? Oh right, they did...
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BTC: 19GwYWZjY3RczZFCS7S64AikrARuyZ7Zoc
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mbekhet
Member
Offline
Activity: 81
Merit: 10
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February 05, 2014, 09:29:49 PM |
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MPools CorgiCoin Pool http://corgi.mpools.netFeaturesStratum Vardiff Hosted on a fully scalable Amazon EC2 cloud environment DDoS protection 0.5% fee Round Earnings are credited after 80 confirmations Proportional Payout Constantly monitored
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KittehCoin: http://mykittehpool.com - CorgiCoin: http://corgi.mpools.net/MEOW: KV7mMsqEjXnM9nvozVeFW3tKKp9W9tCbyU - CORG: CPNBSTmb8yy4ZNM6Jvg1pBRwcKHSwidYgn - DOGE: DF7ypkwXhUB8ihh2LTX5HopstPFwsLumcx - BTC: 1GRS4hSHs11vaBDW1W2euysZBY2XJA2tEh - DGB: D5FuVV7QGya4VWLGe3d1c49i4NwzKfKHsE
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Vinculin
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February 05, 2014, 09:55:57 PM |
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That big of premine will kill a coin... I picked up on this yesterday and have been hitting it, but if you want to have it increase like DOGE that premine has to be used for something. I like the giveaway!!! lol
I agree. No major exchanges (coinedup, cryptsy, coinex and coin market) will accept the coin with such huge amount of premine, although i think the coin may increase the price (at least hit back to 10 satoshi) slowly with little volume. Like they didnt accept EAC? Oh right, they did... i am not blaming or what, but look at the buy order @ swisscex. No buy support on that site right now LoL. This may be due to yesterday hacking event. It's also possible because of that huge premine.
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MijntjeGoud
Member
Offline
Activity: 112
Merit: 10
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February 05, 2014, 10:00:10 PM |
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That big of premine will kill a coin... I picked up on this yesterday and have been hitting it, but if you want to have it increase like DOGE that premine has to be used for something. I like the giveaway!!! lol
I agree. No major exchanges (coinedup, cryptsy, coinex and coin market) will accept the coin with such huge amount of premine, although i think the coin may increase the price (at least hit back to 10 satoshi) slowly with little volume. Like they didnt accept EAC? Oh right, they did... i am not blaming or what, but look at the buy order @ swisscex. No buy support on that site right now LoL. This may be due to yesterday hacking event. It's also possible because of that huge premine. Lol. Look at another coin on swisscex. Since day one there is barely no buy support on that site
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BTCbull
Full Member
Offline
Activity: 154
Merit: 100
Altcoin Mania!!!
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February 05, 2014, 10:03:16 PM |
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Once this hits the next exchange it will be selling for 10 satoshis again. Buying anywhere from 1 satoshi to 6 satoshis, in my opinion, is a good place to start.
I foresee the next exchange coming in the next week at the most. Anyone selling below 8 will be sorry in the next few weeks.
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Life is full of ups and downs... And so is the crypto market
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Ng93
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February 05, 2014, 10:32:52 PM |
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Let them sell cheap
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