Thoughts on Max Keiser's coin (Maxcoin)

[eddilicious]

agreed with eddilicous. Ok soo bcx just leave the scene of max coins. And when it does die come back again and tell us all " I told you so". Until then your bitching is ridiculous.

Geez, how many aliases do you have?


~BCX~

mazuma is not me. I just took kids to bed.

let us keep our discussion. If you put your emotion aside, look at this fucking mess-up thing remotely, from far far away.

other coins hit exchange, a long list of asks, a few 10s of bids, dump happened in a matter of hours. This thing hit mcxnow, opened at a rigiculously high price, for 3 whole days, thousands of btcs dump every day. it is still one most profitable coin now. consider how big is the daily volume in cryptsy? probably mid thousands of btcs, still due to large doge volumes. this thing survive three days dump like that? I say wow.

and how bad is this dump anyway? in the first 24 hours, around 150,000 coins came out, my 8 core FX8350 only gave me 3 coins. 32 core droplet will get at most 100 coins. most coins were in NVidia gamer's hands. how many NVidia miners are there in bitcointalk? not a lot. the coin was very concentrated in a few hands. now they took huge profit and leave. the coin is more distributed.

I am not saying this coin will have a future. no coin has made so far like doge did. that is my other wow, for an hyper-inflationary and print-to-obilivion coin. but if someone say this coin is dying, I feel there is no logic rationale behind it.

[CryptoMF]

Maxcoin has turned into a joke. It is the new study case for how not to launch a coin. I was literally laughing out loud during the launch and am not surprised in the least at the sudden drop in price. Really this coin is like a cancer to me and needs to be cut out of history.

[eddilicious]

how many NVidia miners are there..

I dunno, but there were a lot more online as MAX launched than in the entire history of Crypto!


~BCX~

for once, they laugh us all the way to the bank. whatever, I admit I only play COD on xbox, my AMDs are all for some wrong purpose. I never bothered to compare the shader performance between Nvidia and Radeon before I purchase the cards. So what? that is just one day. this thing got gravity well in it from first day, so no one can take too much advantage anyway.

[broken_pixel]

Seems legit, lol! 

1      hattifattener 369,252,655  KH/s       14,800.618     MAX/ Day
2      anonymous   315,193,333            12,633.778   
3      mhashman   284,956,764            11,421.817   
4      AK0490   251,971,415            10,099.677   
5      kasetamojezy 233,646,221            9,365.155   
6      lachire   223,567,364            8,961.168   
7      lvz08   217,153,546                    8,704.085   
8      hydra   187,833,236                    7,528.850   
9      jv   175,005,601                    7,014.685   
10      RandomQ   169,508,043            6,794.328   
11      anonymous   164,010,484            6,573.972   
12      theNoss   149,350,329            5,986.354   
13      shopua123   128,276,357            5,141.654   
14      mavend_mine   127,360,097   5,104.928   
15      sinhoyin   122,778,798           4,921.297   

[Herp]

Max Keiser @maxkeiser
#Maxcoin no. 4 in vol., has passed peercoin, an alt. with an $84 mn. market cap. Maxcoin does more damage to bankers than nail guns. BUY

http://coinmarketcap.com/volume.html#max

[Herp]

Max Keiser retweeted
19m
m_murfy's avatar
Mike Murphy @m_murfy
@maxkeiser Entire order book of MCX has been eaten up. Only 85k Maxcoin left. Most EPIC bull-run in history! Bodies of dead bears piling up!

[Alphi]

Max Keiser retweeted
19m
m_murfy's avatar
Mike Murphy @m_murfy
@maxkeiser Entire order book of MCX has been eaten up. Only 85k Maxcoin left. Most EPIC bull-run in history! Bodies of dead bears piling up!

its probably a fontas fake pump...

[dotcoin.info]

@Max

Rise and buy as predicted.

Realsolid is making a killing off this.


~BCX~

what a pity. some one only predict and verdict but miss the train.

[krneki]

Seems legit, lol! 

1      hattifattener 369,252,655  KH/s       14,800.618     MAX/ Day
2      anonymous   315,193,333            12,633.778   
3      mhashman   284,956,764            11,421.817   
4      AK0490   251,971,415            10,099.677   
5      kasetamojezy 233,646,221            9,365.155   
6      lachire   223,567,364            8,961.168   
7      lvz08   217,153,546                    8,704.085   
8      hydra   187,833,236                    7,528.850   
9      jv   175,005,601                    7,014.685   
10      RandomQ   169,508,043            6,794.328   
11      anonymous   164,010,484            6,573.972   
12      theNoss   149,350,329            5,986.354   
13      shopua123   128,276,357            5,141.654   
14      mavend_mine   127,360,097   5,104.928   
15      sinhoyin   122,778,798           4,921.297   

All the devs at the the top of the list, what a shock!


~BCX~

these is a list of maxcoin devs? aren't there just 2 dev who were on his show?

And yeah, these was completely unfair start which gave max teams mot advantage

[Herp]

Maxcoin is now 4th most traded coin by volume http://coinmarketcap.com/volume.html#max

[Alphi]

Maxcoin is now 4th most traded coin by volume http://coinmarketcap.com/volume.html#max

here is proof that SHA-3 ASICS have already been designed.

http://rijndael.ece.vt.edu/schaum/papers/2012micpro.pdf

MAXCOIN is not ASIC proof nor even ASIC resistant.

as time goes on we will see more and more ASICs like this one that have the ability to hash multiple algorithms...

it really is just a matter of time before some entrepreneur (probably in china) decides to tweak a design like this and mass produce it to mine for their own profit.

and the value of MAX going up only speeds up that process..

[eddilicious]

Maxcoin is now 4th most traded coin by volume http://coinmarketcap.com/volume.html#max

3rd now. somehow Chinese is buying like no tomr, they watch Max Kaiser show 2?

[Herp]

@Alphi

The coin has inbuilt algorithm changing so if someone was to build an ASIC the devs would simply change the algorithm and they would be rendered useless.

[Grotesmurf666]

If you want to mine this coin go ahead, if you want to buy it do it only for short term profit. This coin is so young and block rewards will not halve for another year, thus percentage wise inflation is very high for the coming weeks/months. Even if the market cap would triple in a months time the individual coin value will still  be less in a month than it is now. I'm not investing for another month, lets see what happens with the price for now.

[milly6]

Botched Release of coin that is not ready yet. But innovation is a +1.

[Herp]

Botched Release of coin that is not ready yet. But innovation is a +1.

CryptoOracle @CryptoOracle
@maxkeiser People forget the hidden value of #maxcoin mining. 30% less power consumption = plus component longevity = stability = +btc/day

[bitcoin-world.de]

this is a real mafia coin in my opionion. I was mining from the first minutes which were possible to mine and havent found any blocks from this coin with all my pc´s and from my friends the same. I can list the problems from the root:

- The unfairest coin I ´ve ever waiting to mine is MaxCoin.
- There were no Windows Binaries at launch time, only Linux/Mac Sources
- Then they promised to make a binary for windows, but it came only with a daemon, so you have to start mining through MS-DOS Commands, so unfair for the non technical users
- I have mined about two days with several Core I5,I7 and AMDs also and didnt found any blocks.

Conclusion:

Only people, who are from the MaxCoin Mafia could mine all the blocks, maybe with a special miner which we dont have. Now they sell all this shitcoins to you slowly for high prices, but not too fast. These people who like this coin are scammers from the MaxCoin Marketing. This was my opinion to this Coin and I will not buy and not support this like many other miners and exchanges. But do what you want.

[Herp]

@bitcoin_world.de

Did you read the apology the devs put out? https://bitcointalk.org/index.php?topic=457521.msg5046734#msg5046734

To correct some misconceptions about the launch:

*It was a mess and we own up to that.
*It was not intentionally so chaotic.
*The devs have made no money out of MaxCoin (we've actually lost money right now in server costs).
*Max provided no funding to the dev team and to my knowledge had no advantage over any other miner (excluding his financial resources of course)
*We had every intention of having GUI wallets available for all all clients at launch as well as a CGMiner port (we planned originally to release this on day 2 to allow people to CPU mine first but it became apparent that the community were going to beat us to it so we put resources into developing one but proved unsuccessful due to time and competing priorities), stratum port and p2pool port.
*The above was not possible due to time and resources constraints and it was decided that it would be better to launch as was than delay and upset the community.
*In hindsight it was the wrong move to release when we did and we should have delayed but hindsight is 20/20 as they say.

This above is my take on things personally and doesn't reflect the opinions of the entire dev team or Max himself. A comprehensive statement explaining and apologising the launch will come hopefully tomorrow.


I can only apologise if people feel cheated and or let down by the launch. We all hope to do better in the future.

Original source: http://www.reddit.com/r/maxcoinproject/comments/1xgo7a/the_launch_wasnt_for_crypto_cry_babies_cowboy_up/cfbany3

[Vivisector999]

Most screwed up coin that I can think of.

BTW Bitcoin world, The coin has pretty much never been CPU mined.  It was GPU mined by devs from the beginning, and by almost everyone else after the first few days.  

Go here and download the revised CGMiner and Cudaminer programs.:   http://dwarfpool.com/max

Problems off the bat:

- No windows wallet
- When they finally did release a Windows wallet, the wallet itself isn't set up to configure itself, like almost every other wallet out there, so in order to get it to Sync, I had to make a .conf file (Not something a non-technical "investor" is going to want to do)
- When they copied the wallet, they didn't even take the time to check to see if they changed the names of the old coin through the code.  For instance, when you encrypt your wallet, the Wallet lets you know if you lose your Passphrase, you won't be able to access your BLAKECOINS.  
- The coin is in a constant 75% attack, with 1gh having approx 75% of the network hashrate, yet no one seems to care???  1gh doesn't even have an advisement to please use a different pool .  Every other coin freaks out when a pool gets 45% of the hashrate.  Pools stop allowing people to join, and actually push some people out.  Yet with MaxCoin it's business as usual.

I believe it's the worst coin ever launched.  But I still mine it.  Lol.  And why you might ask.  Because to many people listen to Max and do everything he says.  I remember sitting with LTC at $2, and BTC around $200, and when Max told his followers to pump, BTC jumped in less than a week to $1000, and LTC followed to $50.  He has tweeted that he wants to pump Max to more than BTC's value, if he does, I am going to Disneyland.  

[Herp]

@Vivisector999

1Gh is friendly pool. They've raised mining pool fees to make people switch to other pools. Efforts are underway at the moment to make mining distribution more even across the board.

http://www.reddit.com/r/MaxcoinMining/comments/1xwl5q/max1ghcom_hashrate_percentage_display_changed/