[ANN][AUR] Auroracoin - a cryptocurrency for Iceland

[craaaa]

Mined on this pool http://aur2.easy-mine.eu with a 2.7 MH/s rig, when suddenly this announce was displayed and the payment was canceled:

I wrote to pool admin/owner an email but he didn't reply.. The result of my work on this PROP pool is only 70k  of UNPAID VALID SHARES:
Nice SCAM http://aur2.easy-mine.eu !

1. i have in this time all request  answered and from you i dont have not received;
2. im not robot , im human and can be sit here 24hour and wait for you question
3. user with 196 post should know what is PROP, and what is PPS system, for you = for pay you shares first need this pool find block ;

have a nice day/night  

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[snakegi]

useCryptos now accepts AuroraCoin!!

https://www.usecryptos.com

Take a look!

[notbatman]

6 hour block time WTF!

Thanks for wasting my time and electricity on your shitcoin scam.

[giveBTCpls]

Look at these fucking morons feeding the whales cheap AUR

We get it, you bought in too high.
You can stop spamming now.

Actually no, I mined all of it in 2 days back in the day. Im just saying the objective fact of how it will go up again before the 25. If you sold under 0.125 you fucked up.

[ThePatient]

What do you guys think of einsteinium?

[giveBTCpls]

This is the kind of thing I'm talking about. Look at this guy:



The only reason the sell price is as low as it is right now is because people have been doing this all day. He put his big, ugly order in at .066 instead of .07 or so because there's another order in his way. See that order right below his, the one for a whopping .0066 BTC? I guess he thinks that little order is gonna stop him from selling at .07. At the amount he's selling, the difference between .066 and .07 is about 150 bucks. And if he didn't put the whole damn thing down in the same place, he could get a lot more than that, and in the same amount of time, perhaps even less.

What do you think most people are gonna do when they see his order, there? Do you think they're gonna buy some of it? Why would they? They know damn good and well that they won't be able to sell any of it until all of his coins are gone. The only thing anyone can do, if they want to enter the market at this point, with less than 4 BTC, is to buy lower, which means they need to put a buy order in, which is exactly what most people will do is what most people will do because they want to trade, not buy his shit coin at whatever price he happens to think he has to have it at.

So, what do you think happens next? Trading resumes at a lower price. Here's the situation a few minutes later:



Notice that his entire order is still sitting there and trading has not stopped. It hasn't even slowed down, but simply continued at a lower price.



Had he bothered to look at the situation before he posted his huge, ugly order like a clumsy, dumb fucking idiot, he would have seen that people were buying at the higher price before he blocked any further price increase with that stupid order.



11 of the previous idiot's coins had just sold at .073..., but, of course, as you would expect, most of the trading was taking place at prices below that of the big dumb, chunky sell order.

Here's the LAW:

If you post a huge sell order at the current price, the price WILL drop to less than that of your huge order.

That's what ive been trying to explain. Just let the whales shake weak hands, they are eating for the next pump and people that hold and/or buy back will benefit.

Also, what are you using to see the orders? In cryptsy, they aren't showing the complete order list in AUR for some reason..

[pleiotropik]

Where's Balduro?

[balduro]

Where's Balduro?

Here.

[Maurizio]

Where's Balduro?

Here.

Welcome. Hope you got some good news and a kgw update in the pocket at block 4200

[axmatic]

If you post a huge sell order at the current price, the price WILL drop to less than that of your huge order.

That's what ive been trying to explain. Just let the whales shake weak hands, they are eating for the next pump and people that hold and/or buy back will benefit.

Also, what are you using to see the orders? In cryptsy, they aren't showing the complete order list in AUR for some reason..

I get it.
I'm not on cryptsy any more. That's cryptorush.in. It's new, kind of frustrating, but I like it better. They seem to be making improvements a lot faster than cryptsy ever did. I'm pretty sure it'll turn out to be lightyears better than cryptsy. They already have way more coins.

[balduro]

Where's Balduro?

Here.

Welcome. Hope you got some good news and a kgw update in the pocket at block 4200

The hard fork is at block 5400. It is not feasible to change this now, on such short notice. The will fork happen in about 8-10 days I suspect.

[etoque]

What do you guys think of einsteinium?

very nice ! I mine that from the first day,aurora are to hard I have leave still 1,300 on difficulty

[P2PHash]

Hi guys, I'me setting up a new p2pool
Address: aur.p2phash.com

Could some of you try to connect to it, I'd like to test what kind of load my server can handle. Since it's p2pool you won't loose any shares coming from another p2pool and local hashrate doesn't impact your earnings
Low fee: 0.5%
Location: Switzerland (EU)

[Dosmas]

Some serious dynamics in exchange price at Aur/Btc..

[chesthing]

That's what ive been trying to explain. Just let the whales shake weak hands, they are eating for the next pump and people that hold and/or buy back will benefit.

Also, what are you using to see the orders? In cryptsy, they aren't showing the complete order list in AUR for some reason..
[/quote]

So is this just intuition or do you have a compelling reason why you think this? sure looks like aur is going to sink into the abyss to me. But then I can't for the life of me understand how it shot to the same price as ltc, sat there for a couple days, then shot to .17. This coin has to set a new pump precedent, still can't believe those who saw a massive profit at .025 didn't cash out.

[DaFockBro]

That's what ive been trying to explain. Just let the whales shake weak hands, they are eating for the next pump and people that hold and/or buy back will benefit.

Also, what are you using to see the orders? In cryptsy, they aren't showing the complete order list in AUR for some reason..

So is this just intuition or do you have a compelling reason why you think this? sure looks like aur is going to sink into the abyss to me. But then I can't for the life of me understand how it shot to the same price as ltc, sat there for a couple days, then shot to .17. This coin has to set a new pump precedent, still can't believe those who saw a massive profit at .025 didn't cash out.
[/quote]

It never shot up to the same market cap as LTC.

Looking at coinmarketcap.com is deceiving because there are only a little more than 100,000 AUR in circulation right now.


The highest the actual market cap ever got was around 15,000 BTC.

Auroracoin has yet to break into the top 10 coins by market cap.

[chesthing]

Wtf are you talking market cap for? I'm talking about price, you know - how much a coin goes for in btc?

[DaFockBro]

Wtf are you talking market cap for? I'm talking about price, you know - how much a coin goes for in btc?

Price is meaningless when comparing cryptos because the number of units in circulation is arbitrarily set by the developers.

Market cap is a much better benchmark for comparing one crypto to another.

[SeriousCoins14]

Wtf are you talking market cap for? I'm talking about price, you know - how much a coin goes for in btc?

Price is meaningless when comparing cryptos because the number of units in circulation is arbitrarily set by the developers.

Market cap is a much better benchmark for comparing one crypto to another.

We get it. He's saying the market cap is severely inflated due to the fact that only 100k are actually in circulation. The rest are sitting in a little vault, waiting to smash the price to pieces.

[chesthing]

I don't give a shit about any of that, all I want to decide is whether aur pump this month has any legs left or is it dead? I already figure it's done after the drop, at least for a good bit.