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

[bitcoin carpenter]

We all know that the Multipool's going to do great things for BlackCoin, once it's released. However, I don't think everyone realizes how much of a difference it's going to make.

The numbers thrown out for yesterday's (March 19, 2014) mining ranged from 10GH/s to nearly 400GH/s. It's quite safe to assume that the massive dropoff near the end was caused by the frontend issues the site was having (for those that weren't there, the miner pages were entirely inaccessible for the latter portion of the "launch"). Because of that, I'm going to make a somewhat conservative (depending on how you look at it) estimation of 200GH/s if the pool was as polished as the new version is reported to be.

If that 200GH/s was maintained for a solid 24 hour period, that would net somewhere in the neighborhood of $500,000 and $1,000,000 worth of altcoins, according to http://www.coinwarz.com/cryptocurrency. Let that sink in for a second. BlackCoin's current market cap is roughly $1,300,000. That's a ton of buy orders.

hold on tour hats my friends its gonna be a wild ride

[1713404430]

1713404430

[1713404430]

1713404430

[bitcoin carpenter]

do my eyes decieve me or do I see a big bottomed bounce forming on Mintpal, not often that you see regular trading patterns form in new cryptcurrencies....
nice to see markets reacting without the influx of mined coins to bog them down.

[fox19891989]

I think we all are waiting for the price to go up .. I bought 300,000 + coins between 3000 & 3500 last night .. went to sleep and woke up to current 2700 .. not so happy but I think price will go back up when these multipool come back online ...

In the meantime try this site .. http://qoinpro.com/a1321725c057a0e8a5789a5be424e35e

It gives out BTC, LTC, FTC, TIPS, IFC, WDC & EAC daily .. all you do is sign up and get free coins daily .. It is a good project trying to educate people about crypto .. give it a try

  Now is 3185 sat, BC won't let you down in the future, it has strong community and no miners' huge dump

[Juicemixer]

Blackcoin has been through so many PnD and yet it still manages to retain it's value while also increasing in a slow manner. It truly is an amazing coin to invest in and you would be a fool to not buy in when you can with the price it's at. A year from now my only regret is that I didn't buy more.

[jamieb81]

Blackcoin has been through so many PnD and yet it still manages to retain it's value while also increasing in a slow manner. It truly is an amazing coin to invest in and you would be a fool to not buy in when you can with the price it's at. A year from now my only regret is that I didn't buy more.

l cross my fingers that your prediction is true

[damiano]

Tomorrow is payday

Gonna snag another 100k or so 

[brammien]

right now im mining doge and dumping for bc, tomorrow I will find another coin I dislike and dump for bc, cycle will repeat until I have lots of bc. Thankyou shitcoins!

Been doing the same, until multipool goes up, but for now just mining jukecoins and buying BC.

[darcius]

But it kept on rising so I just got back in at 3100. Then the correction appeared around 3400 (you can see it on the Mintpal graph around 14:00 European time). Since then it's rising and more volume is now appearing rather than less.

Up to about 2500, all the buys were decimals of a bitcoin with the odd one over 1 BTC. Now bigger fish are arriving with 5 and 6 BTC at a time to punt on a rising coin. (EDIT: There is an 11 BTC buy order at 3900 right now. So people clearly think it's going higher of they think they will find the liquidity to cash out that amount later on).

The reason this coin is rising (and why I bought some) is:

[1] - it is a proof of stake amongst an ocean of proof of work

[2] - it's had some genuine thought put into the coin-omics, such as optimal inflationrate etc

[3] - it looks like a genuine original

[4] - it's had a slow, steady rise rather than a panic buy like Mazacoin

[5] - there aren't a load of miners waiting to dump on Cryptsy when more liquidity appears

So I don't think it's going to fall off a cliff. I think it will get a few corrections, stabilise and then drift either up or down for a while.

Just my thoughts - could be wrong but gut feeling says it's not a panic buy (well apart from at this precise moment in time) or a panic sell.

All good points. Price action suggests holding, if in doubt, do nothing. This trendline is not steep despite what seem like high levels or satoshi per BC. But market cap is only $2million. It's peanuts. This can go many many times that level without a flinch.

I think you nailed it in all those points, as far as mechanics for a cryptocurrency goes, Blackcoin appears very well thought out.

[wantrepreneur]

blackcoin

[derBruchpilotPro]

blackcoin

Allright, you are in the blackoin thread.   

[Pixieblonde]

We all know that the Multipool's going to do great things for BlackCoin, once it's released. However, I don't think everyone realizes how much of a difference it's going to make.

The numbers thrown out for yesterday's (March 19, 2014) mining ranged from 10GH/s to nearly 400GH/s. It's quite safe to assume that the massive dropoff near the end was caused by the frontend issues the site was having (for those that weren't there, the miner pages were entirely inaccessible for the latter portion of the "launch"). Because of that, I'm going to make a somewhat conservative (depending on how you look at it) estimation of 200GH/s if the pool was as polished as the new version is reported to be.

If that 200GH/s was maintained for a solid 24 hour period, that would net somewhere in the neighborhood of $500,000 and $1,000,000 worth of altcoins, according to http://www.coinwarz.com/cryptocurrency. Let that sink in for a second. BlackCoin's current market cap is roughly $1,300,000. That's a ton of buy orders.

Never realised that the multipool could double the merket cap on its own.
Need to buy more cheap coins asap, plz dump  

[YoyodyneSystems]

No one is selling BC anymore. It's hard to buy. And the chart is doing things for the last 10 days that are rare in alt coin world. It is just steadily
rising. Every few days a new upward curve.

Click "MAX" on the chart on Mintpal for BC. The last 10 days it just keeps rising.

I am starting to keep my non-invested coins as BC instead of BTC now. Then dancing in and out of more risky coins and back to BC.

[derBruchpilotPro]

We all know that the Multipool's going to do great things for BlackCoin, once it's released. However, I don't think everyone realizes how much of a difference it's going to make.

The numbers thrown out for yesterday's (March 19, 2014) mining ranged from 10GH/s to nearly 400GH/s. It's quite safe to assume that the massive dropoff near the end was caused by the frontend issues the site was having (for those that weren't there, the miner pages were entirely inaccessible for the latter portion of the "launch"). Because of that, I'm going to make a somewhat conservative (depending on how you look at it) estimation of 200GH/s if the pool was as polished as the new version is reported to be.

If that 200GH/s was maintained for a solid 24 hour period, that would net somewhere in the neighborhood of $500,000 and $1,000,000 worth of altcoins, according to http://www.coinwarz.com/cryptocurrency. Let that sink in for a second. BlackCoin's current market cap is roughly $1,300,000. That's a ton of buy orders.

Never realised that the multipool could double the merket cap on its own.
Need to buy more cheap coins asap, plz dump  

The time of cheap coins could be over now, was glad to get some more @2900 sat yesterday.
If all goes right we would never see a price <3000 any more.

At least I hope so. Could be that whales try to make another P&D before the MP goes finally up.

[colinfx]

Blackcoin developments are looking extremely positive. The new pool dev team are totally skilled and professional in their outlook. Most importantly they are a 'team' of people.

I am nothing less than amazed at how fast the bounce back has been for the community since Radio left. The community has not only rallied around in full support, but has grown hugely - back with a vengeance.

The price action of BlackCoin through all of this has been clear, the rising support trend line is intact and increasing the floor value - this minimises risk.

The resistance level is at ~4,250 which we have touched twice in the last week, on the next touch and with the pool momentum I expect we break through next time creating a new floor in this area.



Buy on dips and collect as much BC as you can. I have a feeling that we will not see these levels for long. Next break above 4,000 and the price is going to stay there. Good luck!

[illodin]

Can the multipool split its hashrate to multiple coins in order not to 51% the smaller ones?

[CatKiwi]

Blackcoin developments are looking extremely positive. The new pool dev team are totally skilled and professional in their outlook. Most importantly they are a 'team' of people.

I am nothing less than amazed at how fast the bounce back has been for the community since Radio left. The community has not only rallied around in full support, but has grown hugely - back with a vengeance.

The price action of BlackCoin through all of this has been clear, the rising support trend line is intact and increasing the floor value - this minimises risk.

The resistance level is at ~4,250 which we have touched twice in the last week, on the next touch and with the pool momentum I expect we break through next time creating a new floor in this area.



Buy on dips and collect as much BC as you can. I have a feeling that we will not see these levels for long. Next break above 4,000 and the price is going to stay there. Good luck!

Best decision I ever made was dumping MINT and buying BC.

[HerpThyrun]

Blackcoin developments are looking extremely positive. The new pool dev team are totally skilled and professional in their outlook. Most importantly they are a 'team' of people.

I am nothing less than amazed at how fast the bounce back has been for the community since Radio left. The community has not only rallied around in full support, but has grown hugely - back with a vengeance.

The price action of BlackCoin through all of this has been clear, the rising support trend line is intact and increasing the floor value - this minimises risk.

The resistance level is at ~4,250 which we have touched twice in the last week, on the next touch and with the pool momentum I expect we break through next time creating a new floor in this area.



Buy on dips and collect as much BC as you can. I have a feeling that we will not see these levels for long. Next break above 4,000 and the price is going to stay there. Good luck!

Awesome analysis!

[fiftyseven]

Can the multipool split its hashrate to multiple coins in order not to 51% the smaller ones?

There was talk of this being a high priority in the IRC channel last night. I expect the devs will have a very keen eye once we're using it to minimise previous issues. Their attention to detail this far has been impressive.

[suchnoob]

Fuck me never found a coin so hard to buy-in.

[maarx]

Fuck me never found a coin so hard to buy-in.

Here, let me correct you:

"Fuck me never found a coin but so hard cheap to buy-in."