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

[futile-resistance]

Could someone explain to me how the multipool is unique to BC? And why other altcoins can't have one too?

Other altcoins can have multipools if they want. It seems extremely advantageous to pure POS coins especially. blackcoinpool is just barely more profitable than wafflepool and middlecoin (probably in part because it can mine smaller more profitable coins, but it will be getting split mining), it's also the first multipool that I know of to be incorporating merged mining for both scrypt and sha256. It's going to be a really solid place to mine, the fact that it puts buy pressure constantly on a coin with extremely low inflation is icing on the cake. Mintcoin has a little multipool support now, and eccoin is getting a multipool as well. Making a multipool that's as profitable as any of the bitcoin multipools for an altcoin is challenging though (especially taking into account exchange fees). People on the blackcoin reddit are working on a blackcoin exchange with no fees for exchanging into blackcoin, which other coins could also do.

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[ski92]

Black friday wooooooooo
sounds so catchy too 

[mr_random]

Could someone explain to me how the multipool is unique to BC? And why other altcoins can't have one too?

It works best for an altcoin which is proof of stake only.

Besides that first mover advantage is important. Idk why but it just is in crypto.

If some new POW algorithm came out which was cool and a coin was based on it it would get some price rise. But the next coin that copies it exactly a month later won't get the same level of exposure and attention on average.

A big part of the multipool is marketing. It spreads the word about blackcoin, shows innovation and it shows community spirit. etc.

I guess that's why the NXT multipool didn't get much traction for example.

[sha0908]

BC is super fast I will say that in its favour.  

Indeed, and it has a big community. Ánd it found a great way to keep creating demand for the coin (by the pool), which works fine for the price of this great coin .

In this community
We can get to know more friends interested in
You can get more information
We love here

[Seio1]

Bitcoin might be compared to gold, which has to be mined.

Blackcoin is the crude oil, and multipool is the pump!

[IconicExpert]

If you have contributed to the project and you do not see your name listed, please PM me so I can list your name publicly.

PS: To everyone who donated, you will receive an advance copy on the press release this weekend.

Contributors Updated


mrbenjie
PeterPalmBeach
taoway
TheGift73
coinpredator
MuffinMaster
jamieb81
CryptoSteam
artiface
noerc
SunnyIgor
JamesR1
YAdaminer
svojoe
ptic-1
cyrilbf
StuartGT
now2ai8
krjalone
UdjinM6
Luxasd
xolokram
mr_random
altuinx
converge80
Chase
ubba
mrwalker1750
ski92
brammien
Creaxy
metacrap
goblynn
a1phanumrc
Packrack101
bradster1993
vizique

------------------------------

Making our contribution goal was the first step. On 4/9/2014 when our press release goes live we as a community must post links to our release everywhere we can. Next Weds @ 9AM EST I will post the links to every site that is covering our release. At that time we must go on a "media blitz"! Send emails to family, friends, co-workers. We must contact merchants that accept other crypto-currencies and let them know that BlackCoin is the new preferred coin. On the 9th we as a community will introduce BlackCoin to the masses! Everyone who is selling their coins cheap this week will regret it next week.

[wantrepreneur]

the train is already starting to depart!

I think it's more like people are carpooling to the trainstation at the moment.

pure gold; spot on.

[hyeoam]

Charts here: http://crypto-prices.com/BC

[virtualfaqs]

Thanks for the answers everyone.

Charts here: http://crypto-prices.com/BC

Any chart show ATH? I think it was 9300 sats?

[Fraxinus]

Charts here: http://crypto-prices.com/BC

Any chart show ATH? I think it was 9300 sats?

Yes it was 9338 if i'm correct.

[MuffinMaster]

Charts here: http://crypto-prices.com/BC

Any chart show ATH? I think it was 9300 sats?

Yes it was 9338 if i'm correct.

yeah that 'chart' is way off

[ScoobyDood]

Let's have a once monthly International Blackcoin rent-a-farm day. Say, the first Friday of every month - we can call it Black Friday -Everyone who can rents a fucking GPU-farm for 24 hours and hits the Blackcoinpool. It would be a great way to bring the worldwide Blackcoin community together.

It's happening people! Black Friday has become a reality. Already on twitter @BlackCoinPromo #blackfriday

Retweet the shit out of it!

And BTdSzZBRn4wqiWgPzJtYuTgGRJB78NPfEd is the official community promo. Donate!

(and if you wanna show me some love for coming up with this idea...toss a few BC's at the BlackCoin Music Video  )

Spaceballs anyone:

[Jabulon]

Let's have a once monthly International Blackcoin rent-a-farm day. Say, the first Friday of every month - we can call it Black Friday -Everyone who can rents a fucking GPU-farm for 24 hours and hits the Blackcoinpool. It would be a great way to bring the worldwide Blackcoin community together.

It's happening people! Black Friday has become a reality. Already on twitter @BlackCoinPromo #blackfriday

Retweet the shit out of it!

And BTdSzZBRn4wqiWgPzJtYuTgGRJB78NPfEd is the official community promo. Donate!

(and if you wanna show me some love for coming up with this idea...toss a few BC's at the BlackCoin Music Video  )

Will point all my hashrate, what is the starting time ? or anytime during friday ?

all aboard hype train to Friday....

That's cool, I'll be booking a rig to mine there.

can you tell us when it will be open so that I can tell the time when they need to start mining?

I'm sure the twitter feed will update with the precise deets. Or tune into irc. This is f'n awesome. I'm in with all I've got at home, plus a 15-20MH asic rental! Woohoo! We are the BLACK KNIGHTS! OUR SACRED OATH OF FIDELITY:
"We shall mine no coin, but BLACKCOIN!!"

Fuck it, I'm pre-gaming already! Just rented a 40MH GPU farm. I'll be hitting the Blackcoinpool in minutes with that plus 6.5Mh from home!
If I get good service from this monster, it'll be back in saddle again come BLACK FRIDAY MUTHUFUKKAAAAAAAAS!!!

[futile-resistance]

Let's have a once monthly International Blackcoin rent-a-farm day. Say, the first Friday of every month - we can call it Black Friday -Everyone who can rents a fucking GPU-farm for 24 hours and hits the Blackcoinpool. It would be a great way to bring the worldwide Blackcoin community together.

It's happening people! Black Friday has become a reality. Already on twitter @BlackCoinPromo #blackfriday

Retweet the shit out of it!

And BTdSzZBRn4wqiWgPzJtYuTgGRJB78NPfEd is the official community promo. Donate!

(and if you wanna show me some love for coming up with this idea...toss a few BC's at the BlackCoin Music Video   )

Will point all my hashrate, what is the starting time ? or anytime during friday ?

all aboard hype train to Friday....

That's cool, I'll be booking a rig to mine there.

can you tell us when it will be open so that I can tell the time when they need to start mining?

I'm sure the twitter feed will update with the precise deets. Or tune into irc. This is f'n awesome. I'm in with all I've got at home, plus a 15-20MH asic rental! Woohoo! We are the BLACK KNIGHTS! OUR SACRED OATH OF FIDELITY:
"We shall mine no coin, but BLACKCOIN!!"

Fuck it, I'm pre-gaming already! Just rented a 40MH GPU farm. I'll be hitting the Blackcoinpool in minutes with that plus 6.5Mh from home!
If I get good service from this monster, it'll be back in saddle again come BLACK FRIDAY MUTHUFUKKAAAAAAAAS!!!

That's the spirit!

edit: Multipool sitting at 665Mh/s now, awesome! Wonder if we could get it to 1Gh/s before Friday.

[Vinculin]

sustainable pump?

[jacek1973]

need to sell bought cheaply BC

[HardwarePal]

For those trying to manipulate BC price, you going to have a hard time . I was lucky enough to cut my loses , its to hard to pump and dump this coin with all the buy support.

Good thing is I still have BC.

[PeterPalmBeach]

For those trying to manipulate BC price, you going to have a hard time . I was lucky enough to cut my loses , its to hard to pump and dump this coin with all the buy support.

Good thing is I still have BC.

Same here. I tried with the first pump... lost 700 BC. Second wave won 900. So guess I made 200 BC today. Good for me. Let's transfer them back to my wallet.  

[MuffinMaster]

For those trying to manipulate BC price, you going to have a hard time . I was lucky enough to cut my loses , its to hard to pump and dump this coin with all the buy support.

Good thing is I still have BC.

everytime it pumps and dumps it just stays just a little bit higher with a few more people getting introduced. Blackcoin getting even more distributed for when it finally breaks 10k.

[Djinou94]

Coin bottomed around ~500. So 1000% not 4900%. Still a good gain though.  

I based my math on 100 not 500, but yea 1000% is still excellent!

Can you imagine if BC value increased 1000% every month?

It should, and could if all of us just held our coins.

What I Don't think many people understand is that the multi-pool will buy the coins no matter what the price is.  If the coins are 5,000 sats it will buy them, or 20,0000 sats it will buy them pushing the price up further.  The only possible way the price could be low, or not always climbing slowly and steadily is if people dump coins on market 'faster' than the multi-pool can buy them up.

It goes like this,   

Person A, reads fake news article from China about BTC and BTC price drops
Person A panics and sells 20btc worth of BC at market  ($400 profit)
BC price goes down
Multi-pool buys 10btc worth of BC at market price goes up.
Person B see's BC price down from 3 hours ago and decides to sell 10btc worth of BC "before its too late to dump" ($700 profit)
Multi-pool buys 10btc worth of BC at market price goes up,  (but still not as high as before first seller, because multi-pool needs more time to generate 10 more bTC)


So what we have is Person A and Person B, both decide to dump BC and take profit ($400 and $700)
This cause BC price to drop 7% for the day (over 24hr)  Because they are 'panic dumping' BC faster than the pool can buy the price goes down for the day.

If Person A and Person B realized that BC has a multi-pool that will always push the price upwards if no one sells lower they would have not sold coins to take small profit.   Instead the Multipool would have bought 20 BTC worth of BC at market and he price would be much higher.   Now Person A and Person B would both have $900 and $1700 worth of BC instead of much less in BTC (which has been dropping)

If Everyone held like Person A and Person B and BC became worth 150,000 SATs,   Then you can sell very small amount and take massive BTC.   And you could give someone new a chance to have some BC.



Black coin is the first coin that puts us in total control of its value.   There are no miners to dump at market and lower the price, and there is no high inflation to debase the value.   Black coin does not even require new people everyday to buy at market to keep price stable.   If the pool has *any hashrate* the price will climb always. Always!

Such amazing
Wow