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David Latapie
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March 16, 2014, 10:54:29 PM |
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We need 50 more MH/s to overtake the dogecoin multipool on the same site. Let's do this. Only 4 MH/s to get parity of hashing with Dogecoin! |
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dogechode
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March 16, 2014, 11:03:27 PM |
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you will see buys at 15 reappearing at sell 16.
tomorrow you will see buys at 14 reappearing at sell 15
and so on.
that is a likely scenario.
the downtrend is there. sell pressure is there.
unless someone weeds out the sell pressure.
it will go down.
The same crap happened with leafcoin, it was at around 20 sat for a while then someone started selling at 19 and buying at 18, sell at 17 buying at 16 until it is now ~2 satoshi fixed. When a coin is below 2 satoshi it's dead, some coins still live on in the LTC market or lower but that's childrens money. If the devs don't react soon people will start leafing mint because they suffered huge loses. It becomes much harder to ever reach the triple digits when it's in the single. This is exactly what has happened to flappycoin btw. At first everyone said oh its just people loading, keeping price down so they can accumulate a lot, etc etc. Well either that was BS or the loaders are getting too greedy because it has stayed pinned down to 1 sat for weeks with no end in sight. If the mint multipool gets big enough, we could potentially outrun the people trying to keep mint down with our massive buy orders hammering at them. However, that depends on people HOLDING MINT. If people on the mint multipool just sell the mint they get back for btc or other coins, it won't work.... |
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Din
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Activity: 42
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March 16, 2014, 11:04:54 PM |
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We need 50 more MH/s to overtake the dogecoin multipool on the same site. Let's do this. Only 4 MH/s to get parity of hashing with Dogecoin! Been lurking this coin for a while, never thought it was gonna reach this level!  |
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Din
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March 16, 2014, 11:07:43 PM |
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ya they are holding alot of mint and just want to get it cheaper
That's not what I would do if I had a lot of Mint. It's reaching a serious low from what it's been. I wouldn't be surprised to see a whale orchestrated large price spike soon. Keeping my eyes peeled for this |
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Degolep
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March 16, 2014, 11:08:17 PM |
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just got my 1st minted coins, damn that looks sexy
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mgburks77
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March 16, 2014, 11:28:32 PM |
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If the mint multipool gets big enough, we could potentially outrun the people trying to keep mint down with our massive buy orders hammering at them. However, that depends on people HOLDING MINT. If people on the mint multipool just sell the mint they get back for btc or other coins, it won't work.... |
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Din
Newbie
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Activity: 42
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March 16, 2014, 11:32:24 PM |
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If the mint multipool gets big enough, we could potentially outrun the people trying to keep mint down with our massive buy orders hammering at them. However, that depends on people HOLDING MINT. If people on the mint multipool just sell the mint they get back for btc or other coins, it won't work.... We can only hope that the rest of the community stays strong |
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deadmanwalking
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March 16, 2014, 11:32:44 PM
Last edit: March 16, 2014, 11:46:34 PM by deadmanwalking |
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If the mint multipool gets big enough, we could potentially outrun the people trying to keep mint down with our massive buy orders hammering at them. However, that depends on people HOLDING MINT. If people on the mint multipool just sell the mint they get back for btc or other coins, it won't work.... If you want bitcoin, it would be more profitable to use a multipool that mines altcoins for Bitcoin. There are many multipools that do this, the people mining for Mint right now want Mint. Simple. Edit: Also consider that even if people were to dump all the Mint they receive, It would be offset by the BUY that just occured by the multipool. Multipool buys 2 BTC worth of Mint -Miners dump 2 BTC worth of Mint = Even trade. However, we need to keep in mind that the 2 BTC BUY will always come first and create buying pressure encouraging other investors to buy. |
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David Latapie
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March 16, 2014, 11:34:18 PM |
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according to coinwarz.com none of all the altcoins is profitable to mine with 1.4 Mh/s, 0.4 $ per kw/h and 800w Well that is a pretty piss poor watt/hash ratio IMHO... combine that with a very high cost per kwh and mining may just not be profitable for you. I'm getting like 1.7 mh/sec per 700 watts or so and last I checked my electricity cost about half of what you just quoted - and I live in an "expensive" area (for energy and in general.) For information, what I have (France;truly green => the most expensive $kw in the country;Mintbox 2) KH/s: 7.00
Watt: 26 (no typo here :))
$/KW: 0.15 Is it a good ratio according to you? I am also concerned with the Mintbox overheating... Coinwarez tells me to mine SpainCoin. If only I could get cgminer to work with Manjaro Linux... |
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stormia
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March 16, 2014, 11:41:03 PM |
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Anybody going to this yet? http://www.mintcointalk.com/index.php/topic,351.0.html We really need to have some people represent us at that convention. I would offer but I am in the middle of graduate school and the only conferences I can get time off to go to (if I'm lucky) are ones related to my field.. |
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David Latapie
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March 16, 2014, 11:42:21 PM |
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The whale has been lowering the price little by little for almost 3 weeks now. Philip, what makes you believe it is a whale and not something more fundamental (and worrysome)? That's a real question, not a rhetoric one. Other may answer too. |
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thisisit
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March 16, 2014, 11:47:09 PM |
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probably some bagholder is autoselling minted coins.
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any coin that makes me a profit.
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Din
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March 16, 2014, 11:47:24 PM |
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deadmanwalking
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March 16, 2014, 11:48:41 PM |
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If the mint multipool gets big enough, we could potentially outrun the people trying to keep mint down with our massive buy orders hammering at them. However, that depends on people HOLDING MINT. If people on the mint multipool just sell the mint they get back for btc or other coins, it won't work.... If you want bitcoin, it would be more profitable to use a multipool that mines altcoins for Bitcoin. There are many multipools that do this, the people mining for Mint right now want Mint. Simple. Edit: Also consider that even if people were to dump all the Mint they receive, It would be offset by the BUY that just occured by the multipool. Multipool buys 2 BTC worth of Mint -Miners dump 2 BTC worth of Mint = Even trade. However, we need to keep in mind that the 2 BTC BUY will always come first and create buying pressure encouraging other investors to buy. |
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mgburks77
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March 16, 2014, 11:49:41 PM |
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probably some bagholder is autoselling minted coins. more likely someone who mined 100s of millions of coins during the the PoW phase |
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mgburks77
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March 16, 2014, 11:50:23 PM |
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gonna need a lot more than that to move this market |
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David Latapie
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March 16, 2014, 11:52:04 PM |
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try command setgenerate true -1 in the console
you can use variables 1,2,3,4, or -1 to assign processing power to generation, -1 is 100% cpu usage Woah. I just did this and I instantly started to mint. I didn't think I was even up for minting yet because I moved coins on the 9th of march... mgburks77, stormia, others: how will it impact your minting? You'll mint more often or for more mint? I my first 20 day period just ended (and I received mint), does it mean I will have to wait 20 more days to see a difference? |
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Din
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Activity: 42
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March 16, 2014, 11:52:45 PM |
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probably some bagholder is autoselling minted coins. more likely someone who mined 100s of millions of coins during the the PoW phase Not very likely |
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Ferris419
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March 16, 2014, 11:53:05 PM |
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gonna need a lot more than that to move this market My thoughts exactly. |
Bitcoin is gonna hit 100K usd
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