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

[ManicMeddler]

I have no mining experience, but am I right that 15% of all KARM coins are already mined? In 10 days?
How fast is this going to go in the future? Will it slow down soon?

1.5% seems more like it and yes of course it will get harder to mine

[c4shm3n]

I have no mining experience, but am I right that 15% of all KARM coins are already mined? In 10 days?
How fast is this going to go in the future? Will it slow down soon?

1.5% seems more like it and yes of course it will get harder to mine

14bil allready mined from 90bil total coins i think it more as 1.5%

[btcforthefuture]

I have no mining experience, but am I right that 15% of all KARM coins are already mined? In 10 days?
How fast is this going to go in the future? Will it slow down soon?

1.5% seems more like it and yes of course it will get harder to mine

14bil allready mined from 90bil total coins i think it more as 1.5%

yeah I think its 14/92x100= about 15%.
See http://explorer.karmacoin.info/chain/Karmacoin for current coins mined.

So can someone explain to me how this amount of coins getting mined is gonna get slowed down and when?

[c4shm3n]

I have no mining experience, but am I right that 15% of all KARM coins are already mined? In 10 days?
How fast is this going to go in the future? Will it slow down soon?

1.5% seems more like it and yes of course it will get harder to mine

14bil allready mined from 90bil total coins i think it more as 1.5%

yeah I think its 14/92x100= about 15%.
See http://explorer.karmacoin.info/chain/Karmacoin for current coins mined.

So can someone explain to me how this amount of coins getting mined is gonna get slowed down and when?

see first page


Payout

0-10,000 blocks => 10,000 + up to 2,000,000 bonus
10,000-25,000 blocks => 10,000 + up to 1,500,000 bonus
25,000-50,000 blocks => 10,000 + up to 1,000,000 bonus
50,000-100,000 blocks => 10,000 + up to 500,000 bonus
100,000-200,000 blocks => 10,000 + up to 200,000 bonus
200,000-300,000 blocks => 10,000 + up to 50,000 bonus
300,000-400,000 blocks => 10,000 + up to 20,000 bonus
500,000+ blocks => 10,000 coins

[ManicMeddler]

14 billion? omg you're right, i thought it was 1.4 billion, wtf? this coin is messed up then surely, the starting diff was way too low, ffs - 2 coins for every man woman and child already?

epic fail coin, with so many about already, it will be impossible to get into double figures

[groovadelickun]

Not sure if anyone uses MyAltCoins.com (free alt-coin tracking) but I've submitted a request for Karmacoin to be added.  
The suggestion link might be down at the moment, so will try again later.  https://myaltcoins.com/suggest/submit

BTW: Sorry for making the prices go down below 5 Satoshi, I'm sure it was because I just got turned onto KARM and bought a bunch at 5.   Never fails with me....  
Of course, shouldn't be a problem long term.  
  
EDIT: Horrible spelling and grammar.  Pre-coffee post.

[btcforthefuture]

I have no mining experience, but am I right that 15% of all KARM coins are already mined? In 10 days?
How fast is this going to go in the future? Will it slow down soon?

1.5% seems more like it and yes of course it will get harder to mine

14bil allready mined from 90bil total coins i think it more as 1.5%

yeah I think its 14/92x100= about 15%.
See http://explorer.karmacoin.info/chain/Karmacoin for current coins mined.

So can someone explain to me how this amount of coins getting mined is gonna get slowed down and when?

see first page


Payout

0-10,000 blocks => 10,000 + up to 2,000,000 bonus
10,000-25,000 blocks => 10,000 + up to 1,500,000 bonus
25,000-50,000 blocks => 10,000 + up to 1,000,000 bonus
50,000-100,000 blocks => 10,000 + up to 500,000 bonus
100,000-200,000 blocks => 10,000 + up to 200,000 bonus
200,000-300,000 blocks => 10,000 + up to 50,000 bonus
300,000-400,000 blocks => 10,000 + up to 20,000 bonus
500,000+ blocks => 10,000 coins

How can this coin ever sustain value like this? The bonuses are way too high.
So far average block payout has been ~1000000.
At this rate there will be another 10 billion KARM mined in just a week.

[Thatguyoverthere]

Seems like a normal coin launch to me,

Every coin has their own lil sidetaste / flare going on

And this bonus coin action seems to be a very clever means to draw a huge mining crowd and keep it, instead of have the normal, " I'm gonna mine for a day or two and hold for another day or two and sell and never touch the coin again " mentality.

Honest, with a name like KARMA, how can it not do something with itself. It's only KARMA!

Tie this coin in with anything requiring some actual heart and soul, and you have something that will be around for a while.

Rewards are already thinning out...  This coin feels strong with the force...

[ManicMeddler]

well i planned to hold till june, but the rewards are too high i agree, i'm beginning to think DGB is better option tbh

[btcforthefuture]

Seems like a normal coin launch to me,

Every coin has their own lil sidetaste / flare going on

And this bonus coin action seems to be a very clever means to draw a huge mining crowd and keep it, instead of have the normal, " I'm gonna mine for a day or two and hold for another day or two and sell and never touch the coin again " mentality.

Honest, with a name like KARMA, how can it not do something with itself. It's only KARMA!

Tie this coin in with anything requiring some actual heart and soul, and you have something that will be around for a while.

Rewards are already thinning out...  This coin feels strong with the force...

What you say about miners makes no sense. This coin is very profitable for miners to directly dump on an exchange. That's whats happened for the past week and that's why the price is in a constant downtrend. In a week there will be ~25 billion coins mined, not far from double the current 14 billion. Even to sustain prices at 2/3 satoshi we need a lot of investors this week.

[Thatguyoverthere]

 see what you mean, but at the same time, it's not like they are being :

Mined,
Sold
And thrown away

In trading terms, it's called " Weak hands "

Miners come in many forms, the poorer miner will mine and sell, as well as the hasty miner,

while the smart, savy, more well off miner will mine and hold, regardless, since at this price, it's really insane to think it's going to go down. At the same time, it's in it's infancy, with the rate exchanges are forming now, needing more and more new  " hot " coins to trade with, and attract users / trader with, they will eye this one up easily as it's volume speaks for lots of  transaction fees, and that's bank.

So let the miners sell, that's their loss, when this coin goes to .0000001 next week or 2, and they are left scratching themselves going, " why can't I learn to hold, good things come to those who wait "

I've watched it with

UNO
IFC
ASC
MOON
DOGE

and we will see it again, and again, an again...

[ManicMeddler]

see what you mean, but at the same time, it's not like they are being :

Mined,
Sold
And thrown away

In trading terms, it's called " Weak hands "

Miners come in many forms, the poorer miner will mine and sell, as well as the hasty miner,

while the smart, savy, more well off miner will mine and hold, regardless, since at this price, it's really insane to think it's going to go down. At the same time, it's in it's infancy, with the rate exchanges are forming now, needing more and more new  " hot " coins to trade with, and attract users / trader with, they will eye this one up easily as it's volume speaks for lots of  transaction fees, and that's bank.

So let the miners sell, that's their loss, when this coin goes to .0000001 next week or 2, and they are left scratching themselves going, " why can't I learn to hold, good things come to those who wait "

I've watched it with

UNO
IFC
ASC
MOON
DOGE

and we will see it again, and again, an again...

yeah its true, but we need the android wallet like NOW if its gonna grow before even more floods of sells come in

BTW FYI you can get em for 3s on mintpal atm

[ShawnLeary]

Karmacoin will rise once the easy mine phase has been digested, just give it time and stop selling like a bunch of vaginas.  There is no quick buck out there.  Look at NXT and DOGE, time will tell what happens but people need to hold onto their coins right now and stop flooding.  You can easily spot the recently mined coins as they are the ones that are sold below market.  Right now 3.5 Satoshi is fair market value, hold for a day or two and watch this get back up to 5 and 6 satoshi.

[matauc12]

14 billion? omg you're right, i thought it was 1.4 billion, wtf? this coin is messed up then surely, the starting diff was way too low, ffs - 2 coins for every man woman and child already?

epic fail coin, with so many about already, it will be impossible to get into double figures

supply by itself means nothing. It's like saying 20 billion x ?? =? Market cap is what matters.

Currently it has a market cap 50 folds lower than some junk coins.

Only room to grow.

[BlkdOut]

I have a transaction that will not confirm from my wallet to coinmarket.io; What should I do to fix the situation?

[ManicMeddler]

I have a transaction that will not confirm from my wallet to coinmarket.io; What should I do to fix the situation?

open a support ticket with the txid

[koinsmart]

I'm a fan of Karma & think it has HUGE potential. But I think this coin needs a relaunch.

How come? Also, what would a relaunch entail?

Relaunch in terms of branding and marketing. You gotta admit there is alot of room for improvement in this department.

[hoju2k]

So, which pools are ready to mine with the fork?

[fabianno1234]

There are too many sellers at this time.
First go down to 1 satoshi, and then he can go up.
I give it a month.

[vdaevski]

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Payouts are done automatically on 00:00 server time at 1 KARM minimum.
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