[ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good

[mison]

Karmacoin continues to explode!  In the past 24 hours we have had more than 140BTC in trading on our coin.  In addition, the rewards generated by miners will be drop from 1.5M max to 1M max per block in 3-4 days.

It is still the most profitable coin listed on altcoinstats.com, and is in the top 25 most traded coins in the alt-currency world.

We are a few days from launching the newly designed web site, we will post more information as we approach the date.

Thanks for the community and the great support from every one!!

sorry, but I must just say "BULLSHIT" . Maybe you are blind BTCBTC , but we all see that biggest block rewards someone manipulating. It will explode.. you have right. Can you explain why at average diff 25 we got just average 450000KARMA per block instead 755000? I have 5200khs rig and I can mine just about 1,2M per day instead 3M+ . It is NOT luck factor.. it is SCAM.

[1714874249]

1714874249

[imine253]

Why hasn't the Dev said anything about what's going on and tried to come up with a reason why it is happening and a possible way to fix it? The miners are seriously getting screwed over.

[mison]

YOU DO NOT HAVE TO BE GENIUS TO SEE THE SCAM WITH THE REWARDS. FIX IT OR THE PYRAMID WILL COLLAPSE MY FRIENDS.

maybe it is not a scam from devs side, but only abuse of the wrong set system. And maybe someone own 51% of the network. Dogecoin have huge network, it is hardly possible to make 51% attack. Dogecoin rewards is lesser too, just because big players mining only most profitable blocks. If you can rewards for next block, it is easy aim your rigs just for the most profitable blocks. And who will mine blocks up to 200k? We do it. Big ones just aim their rigs to another coin until next block will be profitable for them. This random reward system is just BAD.

"The pattern is clear: the network is finding high-value blocks significantly faster than low-value blocks. Low-value rounds take as much as 10% longer than intended, and high-value rounds take around 5% less time than intended. Significant hashrate belongs to miners that cheat."

whole article: http://www.reddit.com/r/dogemining/comments/1x1p76/something_is_rotten_in_the_state_of_doge_mining/

[dingoKoin]

wtf: been mining for an hour on http://pool.karmacoin.info/: not a single block, not a single coin??!???!!!

[c4shm3n]

wtf: been mining for an hour on http://pool.karmacoin.info/: not a single block, not a single coin??!???!!!

no its something broken in showing correct on this pool but the rewards are coming correct

[trcwhale]

wtf: been mining for an hour on http://pool.karmacoin.info/: not a single block, not a single coin??!???!!!

no its something broken in showing correct on this pool but the rewards are coming correct

I agree no blocks since 50 min now on that pool.

This is something seriously wrong.

[mison]

I was mined about one day with 5200ksh and all I get is 826 000KAR instead 3-4M. diff was 20 max 25 sometime. It is not normal.

[mashac]

I hope dev respond soon to all this chaos.

[UKGunner]

I hope dev respond soon to all this chaos.

Yes me to, with all this chaos and no dev responses on the subject starts a loss of faith in a coin which will lead to its death. Not a very smart move from them to ignore this.

[mison]

and now it is show in coinwarz as most profitable coin. So many people start to mine it, but they will mine just about 1/2 of that amount, maybe less. They will be angry. Or maybe 51% attacker will loose his power, witch will be good.

[pandher]

I am launching a new forum for Indian crypto enthusiasts. I wanted to have a giveaway of karma's to first registrants but its been 30 hours and the dev hasnt replied on the question of sponsoring it. I think i might select a different coin

[nrg_wolf]

the calculator on coinwarz is not able to calculate whats actually going on atm, so all those who are jumping on the karma band wagon are being mislead. the devs must remove the random block reward. Leaf coin is haveing the exact same issue and they are looking into removeing the random block reward to level the playing field.... DEV something must be done, once more people start to notice the lack of rewards or atleast a correct amount per Khash within 10% due to difficulty jumps, they will take thier khash elsewhere and this coin wall fall and die.....

[nrg_wolf]

If this issue is not addressed very quickly, I will start selling constantly at 1 satoshi with different accounts on different exchanges. I will sell in short 1000 - 1500 karms. I have 86 million karms. Guess what will happen with this coin. We are all going to be good or not. The choice is yours.

as much as i wouldnt think would be a good approach, i do agree with your idea. i only hold 10mill and would have liked to have continued to mine karma but not wasteing my power on a coin that pays out only approx 40% of what i should actually be getting.

[ahhmenuts]

Wherever this coin MIGHT have succeeded, it failed in building any sort of tangible community to grow ideas and projects. There's nothing behind this coin anymore. It looked promising, but it failed. It'll obviously just go the way of Fedora coin. The problem with a lot of these coins is that real developers and in particular REAL BUSINESS isn't behind it. Just a bunch of kids with a failed notion of making SOME money quickly.

Even sales at 1 satoshi are a risk...

Coins that can't overcome basic COMMUNITY related problems of holding off network attacks... and that have massive difficulty fluctuations are developed by unqualified amateur developers, not senior developers and architects.

And without a business strategy it's just a number on a computer. You need something tangible, something with real world value to create a successful coin...

I posted about the network attack about a week ago. NOTHING has happened that would alleviate the issue. Why? A bunch of scared kids who have no business backing are running this coin, and no way to mitigate against these scenarios.

Better luck next time. You failed horribly.

[btcforthefuture]

meanwhile, people start buying for 4 sat

[trcwhale]

If this issue is not addressed very quickly, I will start selling constantly at 1 satoshi with different accounts on different exchanges. I will sell in short 1000 - 1500 karms. I have 86 million karms. Guess what will happen with this coin. We are all going to be good or not. The choice is yours.

only 86 million that's nothing.

Start selling please.

[pandher]

Does anyone want to donate karma's for a giveaway?? This giveaway will be done for first registrants on a new forum. cryptoindia.org

[trcwhale]

Does anyone want to donate karma's for a giveaway?? This giveaway will be done for first registrants on a new forum. cryptoindia.org

Sure why not. I am ok to donate some.

I think the dude who wanted to  sell for 1 satoshi should donate some too. Lets make somebody happy instead.

[pandher]

Does anyone want to donate karma's for a giveaway?? This giveaway will be done for first registrants on a new forum. cryptoindia.org

Sure why not. I am ok to donate some.

I think the dude who wanted to  sell for 1 satoshi should donate some too. Lets make somebody happy instead.

Thanx a lot my friend. i would have gaveaway myself but i dont have much.

[pandher]

 This is the donation address guys - KNJoLs8pTHuyjt59WkjjBM8oxARJtbnUsm

Once i receive enough for first 100 members i will launch the forum