[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[rsx19]

pretty boring on mintpal right now

[MuffinMaster]

pretty boring on mintpal right now

it will be till traders recover. expect BC to be more interesting after mid next week and more info about the pool going live for real gets released.

expect it to be at least 10 gh on scrypt side , and it will also allow asics.

it hit 7.5 gh this weekend stable.

[mellomike]

I hope mintpal stays just like it is until the pool reopens!! I'm glad the price has settled now. Now I can start buying up some coins this week and prepare for the rise after the pool relaunches.

[colinfx]

I hope mintpal stays just like it is until the pool reopens!! I'm glad the price has settled now. Now I can start buying up some coins this week and prepare for the rise after the pool relaunches.

Agreed, price has now stabilised, accumulating in this area is now lower risk than it was some hours ago.

[mellomike]

Anyone know a good alt coin to mine so that I can fund my BC wallet?

[Anon136]

is this new code or is it a fork? if its a fork what is it a fork of? does it use coinage or something more like nxt for pos?

bump

[Zackgeno96]

is this new code or is it a fork? if its a fork what is it a fork of? does it use coinage or something more like nxt for pos?

bump

im not sure, but im positive the dev will answer you as soon as he reads it

[artiface]

is this new code or is it a fork? if its a fork what is it a fork of? does it use coinage or something more like nxt for pos?

bump

im not sure, but im positive the dev will answer you as soon as he reads it

Looking in github I'd say it's forked from Novacoin.  It uses coinage.

[Gabkicks]

Hmmm, is another pump about to begin? i see some intersting buy orders on mintpal.   

[kana]

buying parts for my first mining rig just because of the bc multipool

[kana]

This feels like someone is messing with the price right now watchout

[blade87]

DOGE mining failover to the main pool work in progress. Finally got things working with PHP and MySQL for the p2p node which is going to make hash tracking a heck of a lot more convenient.

[flaminius]

straw poll http://strawpoll.me/1327642 READ CAREFULLY.

Put it on OP

no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642  GET YOUR VOTE IN 35MINUTES LEFT

If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.

The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.

I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.

TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.

[Jabulon]

straw poll http://strawpoll.me/1327642 READ CAREFULLY.

Put it on OP

no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642  GET YOUR VOTE IN 35MINUTES LEFT

If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.

The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.

I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.

TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.

+1

Well-stated. Worth heeding.

[Djinou94]

When are you change the logo ? 

[Ximp]

BIG DECISION MADE:

We have a NEW LOGO!

http://www.blackcoin.co/general/a-new-logo/

Sweet, I'm really honored! Here's to a great future!

[kana]

straw poll http://strawpoll.me/1327642 READ CAREFULLY.

Put it on OP

no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642  GET YOUR VOTE IN 35MINUTES LEFT

If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.

The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.

I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.

TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.

I have to agree

[stormia]

straw poll http://strawpoll.me/1327642 READ CAREFULLY.

Put it on OP

no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642  GET YOUR VOTE IN 35MINUTES LEFT

If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.

The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.

I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.

TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.

+1

Well-stated. Worth heeding.

+1+1. I am disappointed by all the people who voted for manually buying the coins on the highest vol exchange every 24 hours (72% of the votes atm)... so dumb... kinda shows how many people really don't understand how this is supposed to work.

[mellomike]

Someone is pumping ... I'm closing my Mint browser tab. I won't buy into their tricks. Let BlackCoin grow naturally.

HOLD ON TO YOUR COINS!

[blade87]

straw poll http://strawpoll.me/1327642 READ CAREFULLY.

Put it on OP

no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642  GET YOUR VOTE IN 35MINUTES LEFT

If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.

The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.

I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.

TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.

+1

Well-stated. Worth heeding.

+1+1. I am disappointed by all the people who voted for manually buying the coins on the highest vol exchange every 24 hours (72% of the votes atm)... so dumb... kinda shows how many people really don't understand how this is supposed to work.

AFAIK, it is not possible to auto buy and auto withdraw from the exchanges. Coins can be auto sent from the wallet to the exchange, and Cryptsy does have an auto sell option, but then the buying of BC and withdrawing of it still has to be done manually, as well as running the payment process. But I do agree it would be best to not buy all at once.