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colinfx
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March 14, 2014, 01:01:47 PM |
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Ok then, so please explain me, how pool will be buying BC? for what? some BC will be contributed by miners as fees so pool will withdraw them to miners again. But what about rest? Pool need to have BTC to by BC on open market. How will they earn BTC to buy BC?
... by mining the most profitable alt coins, selling them for BTC then buying BC with BTC. In short - transferring the VALUE from alt coins to BlackCoin. Direct transfer of value from ALL profitable alt coins IN to Blackcoin. One way value transfer  Why is it one way? Because ALL BlackCoins already in circulation, only 1% per YEAR inflation. Value is only increased - not decreased or diluted. |
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XbladeX
Legendary
 Offline
Activity: 1302
Merit: 1002
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March 14, 2014, 01:01:53 PM |
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Ok then, so please explain me, how pool will be buying BC? for what? some BC will be contributed by miners as fees so pool will withdraw them to miners again. But what about rest? Pool need to have BTC to by BC on open market. How will they earn BTC to buy BC?
at 1st lvl we will need BTC... at 2nd lvl someone will setup BC dedicated exchange to all crypto to BC at 3rd ...skip 2 one exchange create all markets for BC. at 4rd lvl You mine BTC to get BC = ultimate future for black hole project. i can not give you extract time line for that but it but all is possible |
Request / 26th September / 2022 APP-06-22-4587
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suchnoob
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March 14, 2014, 01:06:04 PM |
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Ok then, so please explain me, how pool will be buying BC? for what? some BC will be contributed by miners as fees so pool will withdraw them to miners again. But what about rest? Pool need to have BTC to by BC on open market. How will they earn BTC to buy BC?
For not the pool will be like a normal multipool. It will mine coins and then sell them for BTC. Then it will buy BC with that bitcoin. |
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Lokken86
Member
Offline
Activity: 113
Merit: 10
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March 14, 2014, 01:06:31 PM |
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I hope the multipool gives good results compared to mining say doge and trading for BC. I wonder how many BC per1mh?
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Creaxy
Newbie
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Activity: 44
Merit: 0
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March 14, 2014, 01:08:09 PM |
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Ok then, so please explain me, how pool will be buying BC? for what? some BC will be contributed by miners as fees so pool will withdraw them to miners again. But what about rest? Pool need to have BTC to by BC on open market. How will they earn BTC to buy BC?
... by mining the most profitable alt coins, selling them for BTC then buying BC with BTC. In short - transferring the VALUE from alt coins to BlackCoin. Direct transfer of value from ALL profitable alt coins IN to Blackcoin. One way value transfer Why is it one way? Because ALL BlackCoins already in circulation, only 1% per YEAR inflation. Value is only increased - not decreased or diluted. But on the pool alt coins will be mined by private miners. In case which you are descirbing they need to set up their own rigs to mine alts, and exchange for BTC, then for BC, and these BC distribute to miners. so littlebit pointless, or if fees will cover power bills from their mining rigs ang multipool servers.. |
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XbladeX
Legendary
Offline
Activity: 1302
Merit: 1002
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March 14, 2014, 01:10:36 PM |
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I hope the multipool gives good results compared to mining say doge and trading for BC. I wonder how many BC per1mh?
So ~250-350 BC for 1 Mhs today |
Request / 26th September / 2022 APP-06-22-4587
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TaijiBagua
Newbie
Offline
Activity: 56
Merit: 0
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March 14, 2014, 01:12:32 PM |
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dump now ??
What's the bottom this time?
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colinfx
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March 14, 2014, 01:13:38 PM |
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dump now ??
What's the bottom this time?
1,500 if i'm lucky. I'm accumulating in that area. |
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Lokken86
Member
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Activity: 113
Merit: 10
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March 14, 2014, 01:14:40 PM |
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Look at that volume on mintpal  |
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koprobo
Member
Offline
Activity: 112
Merit: 10
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March 14, 2014, 01:14:55 PM |
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a lot of laughs from sardines pump who want to be whales
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XbladeX
Legendary
Offline
Activity: 1302
Merit: 1002
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March 14, 2014, 01:21:38 PM |
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Ok then, so please explain me, how pool will be buying BC? for what? some BC will be contributed by miners as fees so pool will withdraw them to miners again. But what about rest? Pool need to have BTC to by BC on open market. How will they earn BTC to buy BC?
... by mining the most profitable alt coins, selling them for BTC then buying BC with BTC. In short - transferring the VALUE from alt coins to BlackCoin. Direct transfer of value from ALL profitable alt coins IN to Blackcoin. One way value transfer Why is it one way? Because ALL BlackCoins already in circulation, only 1% per YEAR inflation. Value is only increased - not decreased or diluted. But on the pool alt coins will be mined by private miners. In case which you are descirbing they need to set up their own rigs to mine alts, and exchange for BTC, then for BC, and these BC distribute to miners. so littlebit pointless, or if fees will cover power bills from their mining rigs ang multipool servers.. But in this case miner have BC stored vaule if they want sell BC for fiat same day they will lose this is obvious... But when they wait month or two they can expect higher price for that coin. Buying supposrt allso attrack merchants and stabilize price. Many stackholders will just do it just for support coin. I can spare eg. 0,5Mhs form my 3,5Mhs ring only for support BC and without looking on bill. And once more we have ASICs who pay even lower pod POWER... Someday here will stay only people believing that BC is worth eg. 0.025 BTC... all BC below that price will be sold. It can take time but is possible. |
Request / 26th September / 2022 APP-06-22-4587
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rmd79
Newbie
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Activity: 4
Merit: 0
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March 14, 2014, 01:35:10 PM |
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Looks like DGB, RDD, SAT and ZED just got added to Cryptsy and we missed out  I don't know if we should care though, MintPal is doing great  |
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brightlight
Legendary
Offline
Activity: 1288
Merit: 1000
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March 14, 2014, 01:44:33 PM |
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Looks like DGB, RDD, SAT and ZED just got added to Cryptsy and we missed out I don't know if we should care though, MintPal is doing great BC don't need Craptsy. As long as possible.... |
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goldmaxx
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March 14, 2014, 01:52:40 PM |
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New floor = 1700 sat |
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theneos
Member
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Activity: 84
Merit: 10
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March 14, 2014, 01:54:03 PM |
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Ok then, so please explain me, how pool will be buying BC? for what? some BC will be contributed by miners as fees so pool will withdraw them to miners again. But what about rest? Pool need to have BTC to by BC on open market. How will they earn BTC to buy BC?
at 1st lvl we will need BTC... at 2nd lvl someone will setup BC dedicated exchange to all crypto to BC at 3rd ...skip 2 one exchange create all markets for BC. at 4rd lvl You mine BTC to get BC = ultimate future for black hole project. i can not give you extract time line for that but it but all is possible would a localbitcoins.com type of site work? but blackcoins instead of btc and would be BC <-> altcoins i can setup a web app like that if it's going to be used by people. |
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MuffinMaster
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March 14, 2014, 02:02:40 PM |
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someone snagged a few @ 1500 now bids are piling on....
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Creaxy
Newbie
Offline
Activity: 44
Merit: 0
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March 14, 2014, 02:08:28 PM |
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Ok i understand now.. What an idiot from me.. so we mine alts, which they (pool) will take, and give us BC, they will sold them for BTC and buy BC for miners again |
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MuffinMaster
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March 14, 2014, 02:12:37 PM |
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Ok i understand now.. What an idiot from me.. so we mine alts, which they (pool) will take, and give us BC, they will sold them for BTC and buy BC for miners again I would like to see BC stabilize above 1500 and trade under 2k until the multipool launches with high volume. Maybe spread out the base a little. Need a big foundation for BC, and make sure it doesn't go up too quick without some solid backing. |
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TaijiBagua
Newbie
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Activity: 56
Merit: 0
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March 14, 2014, 02:15:11 PM |
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I sold most part BC I hold. However, I beleive in BC will have a bright future as we have a strong community. And I will buy more at a bit low price soon.  |
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jdebunt
Legendary
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Activity: 1596
Merit: 1010
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March 14, 2014, 02:20:14 PM |
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