energ
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February 27, 2014, 10:41:49 PM |
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I got confirmed stake, it works
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fiftyseven
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February 27, 2014, 10:41:54 PM |
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"difficulty" : { "proof-of-work" : 544.73640814, "proof-of-stake" : 0.14161401, "search-interval" : 1 }, "blockvalue" : 1000000000000, "netmhashps" : 57064.02580198, "netstakeweight" : 8631935.28216368,
So - there's a PoS difficulty as well now. And a 'stake weight!' - Is that 8.6m coins sat being staked right now? Only about 15% of my coins are being staked at the moment. This is a learning curve.
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Jabulon
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February 27, 2014, 10:43:22 PM |
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One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.
Not sure I follow your logic as far as price-discovery. The mere fact that a coin is increasingly hard to mine does not make it more valuable. Market demand does. Now if you say difficulty reduces supply, you'd have a partial basis. But again, scarcity alone does not create value if it is not met with demand. Because mining difficulty will determine what the miner is willing to sell at, right at this moment, in the very short-term. At current difficulty there is no way I would sell at 2000 satoshi. I'd be better off mining DOGE. Anything beyond the short-term, the market demand ends up being the main deciding factor (which then adjusts difficulty up or down). But BC is interesting because that demand->difficulty adjustment is non-existent after block 10,000. Not quite. What the miner is 'willing' to sell at may be determined by many things, including his own desperation or forebodings. And the miner can 'will' all he wants. The buyer may not really give a shit. Unless he's a motivated buyer, for whatever reason. That would be true for any other coin out there (except for maybe MINT) But, I added this The very short mining period also means : good luck paying anything less than the miner is "paying" by investing their equipment into mining this coin. (If you will, then it won't be until after if the coin fails). That's why my logic.
This coin favors the miner, and there's no way around it. If the buyer doesn't give a shit, then neither will I and I'll move on to the next coin. I don't lose much mining BC for a week, especially with my long paid off hardware. There are more than enough miners on the coin with the same mentality. This isn't like DOGE where when one miner leaves, three more can take his place in a week, and in another, and a month, and etc. Well, in practice I'm on the same page with you as far as BC. And it would certainly be nice to see the holders do better than the dumpers - maybe with this (and a few other crytptos, not many).
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logi
Newbie
Offline
Activity: 31
Merit: 0
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February 27, 2014, 10:43:51 PM |
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Est Next Difficulty 797.17523142 (Change in 1 Blocks)
lol
Has anyone ever had trouble withdrawing from Allcoin? The site looks sketchy but I had a couple successful trades with them before, and now both my BC and BTC are stuck at withdrawal with an "In Process" message for over 2 hours. I contacted support, but no response so far..
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PandaCommanda
Newbie
Offline
Activity: 26
Merit: 0
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February 27, 2014, 10:44:19 PM |
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Panda Commanda I really like your logo!
It's not mine buddy! It belongs to the fellow I quoted in my post. I like it too.
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Zackgeno96
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February 27, 2014, 10:45:23 PM |
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do i enter 999999 true and encrypt it"? im not sure where im supposed to enter 999999 true
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NoSnipeLimit
Newbie
Offline
Activity: 12
Merit: 0
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February 27, 2014, 10:48:38 PM |
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DLow
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February 27, 2014, 10:48:46 PM |
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1. walletpassphrase <yourwalletpassword> 9999999 true 2. Method not found (code -32601) 3.
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Wh1teKn1ght
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February 27, 2014, 10:50:17 PM |
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Here's my logo suggestion. We all know that the theme of the coin is rather dark/black. I think it has to be something simple, but unique to please the masses. Hence I would suggest a total solar eclipse with a corona surrounding the sun. As you might know a solar eclipse occurs, when the moon passes between the sun and earth. As the community is always shouting the famous "to da moooon", this might also fit. It looks powerful and shows strength. I hope you like it. PS: Unfortunately my image editing skills are very limited, so somebody has to reform my application. Different shades, fonts, colours. Thx. I think this is a brilliant design idea. Have a smaller black circle inside a larger one, so the hazy edge of the corona can be seen within the coin itself, too. Yeah this one is leaps and bounds better than the current one.
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DLow
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February 27, 2014, 10:51:10 PM |
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Here's my logo suggestion. We all know that the theme of the coin is rather dark/black. I think it has to be something simple, but unique to please the masses. Hence I would suggest a total solar eclipse with a corona surrounding the sun. As you might know a solar eclipse occurs, when the moon passes between the sun and earth. As the community is always shouting the famous "to da moooon", this might also fit. It looks powerful and shows strength. I hope you like it. PS: Unfortunately my image editing skills are very limited, so somebody has to reform my application. Different shades, fonts, colours. Thx. I think this is a brilliant design idea. Have a smaller black circle inside a larger one, so the hazy edge of the corona can be seen within the coin itself, too. Yeah this one is leaps and bounds better than the current one. feels too threatening
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Zackgeno96
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February 27, 2014, 10:52:19 PM |
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please how do i unlock my wallet.
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fiftyseven
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February 27, 2014, 10:52:30 PM |
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Now about 50% of the coins are being staked. I'm getting free money! This is great.
Well done, illusive Dev. You actually tested it. What a great coin.
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Wh1teKn1ght
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February 27, 2014, 10:52:58 PM |
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what's a fair price to buy in at right now? Thinking of buying some...
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Jabulon
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February 27, 2014, 10:54:07 PM |
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1. walletpassphrase <yourwalletpassword> 9999999 true 2. Method not found (code -32601) 3. Do you have a wallet passphrase? Did you encrypt, prior to this? If so, replace <yourwalletpassword> with, guess what, your password! And don't use the <> stuff either.
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PandaCommanda
Newbie
Offline
Activity: 26
Merit: 0
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February 27, 2014, 10:54:11 PM |
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RIGHT NOW. It;s been around 28-29.. it is now upper 27's
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DLow
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February 27, 2014, 10:54:19 PM |
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Now about 50% of the coins are being staked. I'm getting free money! This is great.
Well done, illusive Dev. You actually tested it. What a great coin.
is there any other way to confirm staked coins than seeing them as incoming transactions?
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Turpomann
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February 27, 2014, 10:54:58 PM |
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i just imagined a black guys face in the coin xD
Like this ? How about this?
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I apologize my rally english. | (COMM) CVHe5HzG61dq7yULUKss9xzYzWzJnenFBN
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Wh1teKn1ght
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February 27, 2014, 10:55:11 PM |
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RIGHT NOW. It;s been around 28-29.. it is now upper 27's lol, what's a good price for 1BTC worth?
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Pustul
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February 27, 2014, 10:56:33 PM |
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What means the netstackweight? It's way higher than my number of coins
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