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

[CryptoMF]

really? i managed to hit like 1.2million coins in 5 blocks. at this profit to mh/s ratio you could rent rigs from betarigs.com and make money off it

are you solo mining?

nah using hashstrike. Rented 38mh/s from betarigs. i have already paid for the rental of the rigs and im only halfway thru my rental time

You must be user clownpound on hashstrike? I am guessing because I already know who the other user is with anything close to that hash rate. KACHING!

lol correct. all with rented rigs from betarigs.com . made about 0.2 btc minimum profit off about 6 hours work, still got 3 hours of mining paid for and i'm already in the green

How much did that hashrate cost to rent and for how long? Sounds tempting. I had a lot of fun building my rigs. Sometimes they can be a pain in the ass to maintain. Hope this block party continues. Spread the Karma!

[lipton24]

Please help me
not download wallet for win
help me 

[javijavier]

Please help me
not download wallet for win
help me 

It works... try again...

[crackfoo]

Finally found a million karm block at the hasher pool.

http://karm.hasher.ca

Happy Hashing!

[pabloangello]

Why the price is so low?

[Khaoimon]

Why the price is so low?

It hasn't been picked up on new exchanges.  Way over 500btc worth has been sold already at this low price.  Miners are selling and buyers are buying.  In addition, because of difficulty vs price it has been profitable to sell at 2-4sat and then buy more mining power.  For example I sold 5mil at 3 sat, and made 9 mil from the hashing power I bought.  Until it hits an exchange that can handle more volume (big spenders don't want to put their money into a 'beta exchange'--with a scary disclaimer) at these prices it will continue to be profitable to dump and reinvest.  As the price rises mining interest will rise, increasing the difficulty.  Its not exactly linear but say it hit 20 sat, then buying mining power and regular mining power will sustain profit at a much higher difficulty.

In the end though, these types of discussion don't support the purpose of this coin.  Use and idea should be the aim of the coin, and that will bring growth.  If people look to the coin and only see how to mine it and its profitability it defeats the idea behind it which is the power behind the idea.  In my opinion when looking up Karmacoin the ways the use it, and idea behind it, should be foremost, and how to mine it and sell it, should be buried within the site/thread/etc.

Obviously, this takes time and resources, and more widespread adoption--which from what I can tell the devs are working on.  Still, anyone with interest in the success should definitely approach the devs with code and ways for it to be adopted.  Also, people aiming at reddit are aiming too far in my opinion.  Getting adoption on a small scale in many places will cause people in charge of larger audiences to raise their eyebrows.  Its a big risk for big money sites to jump on it, but if more and more small competitors take hold, the larger ones will find interest in it.

[deathchuck]

Don't give up, Karma will up to 12-15sa...

[VanBreuk]

In the end though, these types of discussion don't support the purpose of this coin.  Use and idea should be the aim of the coin, and that will bring growth.  If people look to the coin and only see how to mine it and its profitability it defeats the idea behind it which is the power behind the idea.  In my opinion when looking up Karmacoin the ways the use it, and idea behind it, should be foremost, and how to mine it and sell it, should be buried within the site/thread/etc.

Can I get an A-MEN???

[Karmagood]

There are a lot of things that we are doing with this coin to make if very different from what is out there today.  For example

1) A consolidated site where all things Karma exist.  Right now if you look at what most others have, there are a lot of places you have to go to get all of the information about a coin.
2) A community focused on celebrating people doing good
3) A central place for people to see what the community needs, then take the task on and do it.  For example, there will be a request for someone to make a video tutorial on using Karma, setting up the wallet, buying/selling it.
4) Information to make it really easy for the layman to get involved (like having the tutorial videos)
5) An infrastructure that allows people to have Facebook 'like' button functionality but instead with Karma.   The goal is to have the Karma button everywhere people are writing about good things people have done.
6) And more, right now the focus is the items above but as we aren't even 2 weeks old the plans are fluid.

The huge following and amount of interest in the coin has been amazing and this is only the beginning.

[c4shm3n]

There are a lot of things that we are doing with this coin to make if very different from what is out there today.  For example

1) A consolidated site where all things Karma exist.  Right now if you look at what most others have, there are a lot of places you have to go to get all of the information about a coin.
2) A community focused on celebrating people doing good
3) A central place for people to see what the community needs, then take the task on and do it.  For example, there will be a request for someone to make a video tutorial on using Karma, setting up the wallet, buying/selling it.
4) Information to make it really easy for the layman to get involved (like having the tutorial videos)
5) An infrastructure that allows people to have Facebook 'like' button functionality but instead with Karma.   The goal is to have the Karma button everywhere people are writing about good things people have done.
6) And more, right now the focus is the items above but as we aren't even 2 weeks old the plans are fluid.

The huge following and amount of interest in the coin has been amazing and this is only the beginning.

VERY NICE! so much postive in this coin and the Karma-team, it will bring success, i am sure!

amazing Volume ~70btc/day on coinmarket.io, you can see that people love this coin and belive in success!

i personally loves a karma slogan, this has so much power!: DOING GOOD IS GOOD


Keep it up Karma community!!! You know the secret of success!!!

[VanBreuk]

Just take a look at this:

https://bitcointalk.org/index.php?topic=468258.0

http://www.nxtforcharity.org/

The concept you guys have is a natural for things like this. Of course the current value of KARM hardly makes such initiatives feasible at the moment, but good vibes, charity and cryptocurrency have a good intersection zone.

[jtpeters]

I think we must stop focusing on how profitable the coin is and look for ways to spread adoption of it.. to get real people using it. Charity sites would be a good first start.

[perhan007]

I have now 100 millions of them. How many would you recommend should one have?

[bethy08]

My wallet has 8 connections, yet it has been stuck at 12 days behind on synchronizing. 

Any ideas how to fix this?

[gyga800]

1 hour - no block

http://pool.karmacoin.info/index.php?page=statistics&action=pool

?

[MuffinMaster]

I have now 100 millions of them. How many would you recommend should one have?

all the coins

My wallet has 8 connections, yet it has been stuck at 12 days behind on synchronizing.  

Any ideas how to fix this?

did you update your wallet?

[Xtar]

Some multipool here? 12000+ network hashrate...

[bitwho]

Some multipool here? 12000+ network hashrate...

whats going on? such a high network harshrate

[Xtar]

Some multipool here? 12000+ network hashrate...

whats going on? such a high network harshrate

Someone wants all Karmas...

[bitwho]

what.... whats is happening.... 14 GH/s now