RivAngE
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What doesn't kill you, makes you stronger
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August 24, 2018, 10:42:11 AM Last edit: August 24, 2018, 10:52:51 AM by RivAngE |
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Okay I did some mathematical research and I came with the following numbers, During the algo change days when the only exchange available then (crypto-bridge) had put the XDNA wallet in maintenance because of the fork and was taking their sweet time to enable it, XDNA was trading on average around 0.55€ (my local fiat). With the BitGun level being 6, we had a total coin emission of 27,360 XDNA. At that price the total emission in fiat was 15.048€ daily The total emission in Bitcoin was 2.25802080 BTCWith today's data, we're at BitGun level 2 with a total coin emission of 7,200 XDNA. With today's price of 0.22€ this equals a daily emission of only 1.584€ The total emission in Bitcoin is 0.28584000 BTC dailyI understand that a lot of people using cryptocoins have 0 knowledge of economics.... so in the simplest way I can possibly explain the above data I tell you... you can't sell something with scarce quantity, if you can't sell it the price will NOT fall except if people keep buying and selling the same coins at a loss for everyone. The amount of new coins are so few that if only the mined coins were being sold with no new users buying in the project, the daily price drop would be exactly 0,455%.We're in a bear market because people are unable to spend 5 minutes for calculations .... this makes me mad! .... and sad ...
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potapo
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Your professional profile on the blockchain
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August 24, 2018, 10:45:01 AM |
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Hi all. I see a lot of new nodes, but the hash is still low and sometimes it gets lower than it was with fewer nodes. What's happening?
This is probably some kind of system failure. Over time, it will be improved and improved for users. this is my vision of this situation.
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rgsnedds
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raskul
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August 24, 2018, 11:09:08 AM |
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Okay I did some mathematical research and I came with the following numbers, During the algo change days when the only exchange available then (crypto-bridge) had put the XDNA wallet in maintenance because of the fork and was taking their sweet time to enable it, XDNA was trading on average around 0.55€ (my local fiat). With the BitGun level being 6, we had a total coin emission of 27,360 XDNA. At that price the total emission in fiat was 15.048€ daily The total emission in Bitcoin was 2.25802080 BTCWith today's data, we're at BitGun level 2 with a total coin emission of 7,200 XDNA. With today's price of 0.22€ this equals a daily emission of only 1.584€ The total emission in Bitcoin is 0.28584000 BTC dailyI understand that a lot of people using cryptocoins have 0 knowledge of economics.... so in the simplest way I can possibly explain the above data I tell you... you can't sell something with scarce quantity, if you can't sell it the price will NOT fall except if people keep buying and selling the same coins at a loss for everyone. The amount of new coins are so few that if only the mined coins were being sold with no new users buying in the project, the daily price drop would be exactly 0,455%.We're in a bear market because people are unable to spend 5 minutes for calculations .... this makes me mad! .... and sad ... a simpler way to discuss the economics of mining; if you can't make a profit from selling mined coins when they land in your wallet: it's not worth mining that coin. you can get mad and bang on about emissions and bitgun levels, but the truth of the matter is, miners don't want to mine at break-even.
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RivAngE
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What doesn't kill you, makes you stronger
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August 24, 2018, 12:13:46 PM |
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Okay I did some mathematical research and I came with the following numbers, During the algo change days when the only exchange available then (crypto-bridge) had put the XDNA wallet in maintenance because of the fork and was taking their sweet time to enable it, XDNA was trading on average around 0.55€ (my local fiat). With the BitGun level being 6, we had a total coin emission of 27,360 XDNA. At that price the total emission in fiat was 15.048€ daily The total emission in Bitcoin was 2.25802080 BTCWith today's data, we're at BitGun level 2 with a total coin emission of 7,200 XDNA. With today's price of 0.22€ this equals a daily emission of only 1.584€ The total emission in Bitcoin is 0.28584000 BTC dailyI understand that a lot of people using cryptocoins have 0 knowledge of economics.... so in the simplest way I can possibly explain the above data I tell you... you can't sell something with scarce quantity, if you can't sell it the price will NOT fall except if people keep buying and selling the same coins at a loss for everyone. The amount of new coins are so few that if only the mined coins were being sold with no new users buying in the project, the daily price drop would be exactly 0,455%.We're in a bear market because people are unable to spend 5 minutes for calculations .... this makes me mad! .... and sad ... a simpler way to discuss the economics of mining; if you can't make a profit from selling mined coins when they land in your wallet: it's not worth mining that coin. you can get mad and bang on about emissions and bitgun levels, but the truth of the matter is, miners don't want to mine at break-even. Then don't mine it! If you like XDNA then mine RVN or whatever you deem profitable and sell it to buy XDNA, that way you'll get more XDNA coins from mining another coin. If you and others do that, then the price will eventually rise enough to make mining XDNA profitable again. But if you don't care about holding XDNA, then I don't know what are you doing here. And if you only care about selling what you mine for fiat, sorry but probably no developer/hodler/enthusiast/investor will care whether you make this kind of profit or not.
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rgsnedds
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raskul
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August 24, 2018, 02:43:04 PM |
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And if you only care about selling what you mine for fiat, sorry but probably no developer/hodler/enthusiast/investor will care whether you make this kind of profit or not.
because cryptocurrencies don't need miners? ^^ masternodes make money for devs. miners support networks by hashing the coin. why shouldn't i look to make money from my mining?
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Bitglo
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August 25, 2018, 09:11:45 AM |
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Website ● Twitter ● Discord ● BitcoinTalk
XDNA is now listed at Bitglo.io
XDNA/BTC Market
Free BTC Time!Well not quite, in light of our successful opening we are giving you all a chance to earn some BTC. All you have to do is invite people to our discord! So jump on our discord, and generate an invite link! Discord LinkEvery invite will earn you 0.00001BTC and is payable every 25 invites (0.00025BTC). So create a link that doesn't expire and use that to invite people, you must use a link you generated otherwise the invite won't get credited to your account. Regards, BitgloBill
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vsrocks
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August 25, 2018, 05:39:14 PM |
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RivAngE
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What doesn't kill you, makes you stronger
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August 26, 2018, 02:03:31 PM |
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Looks like we'll be listed in a new exchange soon: https://sonox.io/
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Sam123
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August 26, 2018, 03:51:29 PM |
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Good news to be listed on a new exchange
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bxxxGooDxxxd
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August 26, 2018, 06:23:08 PM |
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Add "XDNA Light Node (XDNA-LN)" "XDNA Medium Node (XDNA-MN)" "XDNA Full Node (XDNA-FN)" to TOP Masternodes (Rating) https://l2rx.comPeople, we need to add coin in rating Masternodes. Our coin: "№ 472 XDNA" https://l2rx.com/add.php
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synthgauge
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August 27, 2018, 11:15:57 AM |
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Okay I did some mathematical research and I came with the following numbers, During the algo change days when the only exchange available then (crypto-bridge) had put the XDNA wallet in maintenance because of the fork and was taking their sweet time to enable it, XDNA was trading on average around 0.55€ (my local fiat). With the BitGun level being 6, we had a total coin emission of 27,360 XDNA. At that price the total emission in fiat was 15.048€ daily The total emission in Bitcoin was 2.25802080 BTCWith today's data, we're at BitGun level 2 with a total coin emission of 7,200 XDNA. With today's price of 0.22€ this equals a daily emission of only 1.584€ The total emission in Bitcoin is 0.28584000 BTC dailyI understand that a lot of people using cryptocoins have 0 knowledge of economics.... so in the simplest way I can possibly explain the above data I tell you... you can't sell something with scarce quantity, if you can't sell it the price will NOT fall except if people keep buying and selling the same coins at a loss for everyone. The amount of new coins are so few that if only the mined coins were being sold with no new users buying in the project, the daily price drop would be exactly 0,455%.We're in a bear market because people are unable to spend 5 minutes for calculations .... this makes me mad! .... and sad ... U dont have to link bitcoin, Its price could appreciate 300 fold making the emission negligible. Even if xdna mining does not fade out. However I think it will because to catch a significantly better reward than what u are having now with 2 ti cards u should drop in like 100 cards meaning the cumulative network hash should jump dramatically for the next level to kick in. Means without consensus on what to mine profits will remain small. U can take them and shove in the hole under stoats tail.
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RivAngE
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What doesn't kill you, makes you stronger
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August 27, 2018, 12:31:01 PM |
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Guys, we're being considered for free listing in a new exchange, let us help XDNA reach as high rank as possible: https://aiodex.com/vote/xdnaThe more the merrier as they say!
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XDNA-HORT
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August 29, 2018, 06:21:00 PM |
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Hello all.
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kagami_
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MWEdFS1Fkmq6nA5Zz6QsbULXCC15bv1qR4
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August 30, 2018, 05:37:50 AM |
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This is the best cryptocurrency release that I've seen in a while. Please keep maintaining and upgrading it as necessary. i.e Don't abandon it ...Cool beans
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RivAngE
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What doesn't kill you, makes you stronger
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August 30, 2018, 07:20:17 PM |
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This is the best cryptocurrency release that I've seen in a while. Please keep maintaining and upgrading it as necessary. i.e Don't abandon it ...Cool beans The team looks seriously dedicated on the Discord! They're often doing some kind of polls to ask people's opinion on different matters, like which charity organizations operate on our countries and their contact info, or how happy are we from each support member of the team. It's just sad that there are so many coins out there and it's so hard for hard working teams to stand out, even when they deserve it!
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Rapidement
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August 31, 2018, 11:37:50 AM |
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The only block chain I recommend people to is ZelCash. Everything else just seems fishy and pointless. The ZelCash devs have done EVERYTHING they said that they would, over the few months I have been mining Zel. I compare every project to ZelCash, because it has kept me away from trash ass scams, and stupid block chains. zel.cashzeltrez.io
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ChrisWoka
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August 31, 2018, 11:41:49 AM |
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What is the token price on public sale? and where can I find the public sale status? (the number of tokens sold out, fund collected...) Thanks in advance!
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RivAngE
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What doesn't kill you, makes you stronger
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August 31, 2018, 07:21:41 PM |
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What is the token price on public sale? and where can I find the public sale status? (the number of tokens sold out, fund collected...) Thanks in advance!
You cannot because there was no ICO/Public Sale. People just started mining with an instamine protection for the first blocks. By the way instamine is when there are very few miners at the beginning and they instantly mine a lot of blocks in low diff until more people start coming. I'd say XDNA had a very fair start. The devs are actually being paid with 1% from each block.
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ChristinaFish
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August 31, 2018, 07:28:52 PM |
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I found the whitepaper and saw the specs there. Glad there is a whitepaper! The whitepaper is really white))) Good to see where the direction of this coin is going. I like it!
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bones261
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August 31, 2018, 07:34:25 PM |
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What is the token price on public sale? and where can I find the public sale status? (the number of tokens sold out, fund collected...) Thanks in advance!
You cannot because there was no ICO/Public Sale. People just started mining with an instamine protection for the first blocks. By the way instamine is when there are very few miners at the beginning and they instantly mine a lot of blocks in low diff until more people start coming. I'd say XDNA had a very fair start. The devs are actually being paid with 1% from each block. Actually, there was an sale of coins for Masternodes in the beginning. However, it only resulted in a few sales because the coin became available on Cryptobridge rather quickly, and was cheaper to get the coins required, there.
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