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

[blade87]

Cryptoalts EU mining node is now open for testers.

For those of you over in the EU, please do try it out and report your DOA % rates : http://www.cryptoalts.com

Also, if you want to try both nodes at the same time, I highly recommend you use different BC addresses. While your work is merged and accounted for, you'll only receive the report of the last node queried on your stats page. In the future I may change this to show all nodes, but for now I'm just looking for working expansion and the nice stuff later on.

Sorry to the miners who got crap payouts today. I did a lot of updating this weekend and I noticed that the rollovers did work properly and reset the miner workers last payout, so anyone who jumped in today got crap payouts (my EU workers did, my USA worker that has been hashing for a while was fine). This was fixed.

If this week goes well with the two nodes, Australia is next.

[Equate]

New miner page is good.

[dzimbeck]

I'm not sure why people are complaining. The coin is clearly higher than it was before. Mining a different coin manually and buying bc directly removes the community aspect. So why go solo? If you are a miner support the pool because people can see the hashrate and the higher the hashrate the more others will see it and be forced to invest or join. Mining solo and nobody can measure the hashrate you are no different from a pumper. If you make more btc that way its stupid because you lose more btc in the long run. The multipool is a community and the bigger it gets, the more unstoppable it becomes. The hashrate is triple what it was before and once its 10X what it is no coin will be able to touch BC. Even an investor pumping the market can generate interest in the multipool if he doesnt sell. This coin is a success so far and anyone selling is just going to get burned one day when the price goes up into their sell or be eaten by others. Its higher than last week in a down market. The price will go up every month. This coin is a longterm investment. It will eventually be at a dollar. Just based on its limited supply along and that its being collectively mined indirectly. Its a great coin. The "daytraders" here are not really community members since they are missing the point entirely. So they make up an insignifigant percentage of holders let them chew each other up. They are the ones selling after black friday out of fear uncertainty and doubt and they did not do much to the price only 10% of the people here are daytrading. They wont matter in the end. Genuine investors need to support miners the same way. Im a big investor in this coin and have refused all tempations to sell on intervals despite knowing I can pick up a few btc. There is nothing to fear this coin will keep going up steady.

[dzimbeck]

The other reason the coin drops sometimes is obvious. A few guys dump their coins once they see support and throw up a few walls. Other people see that wall and get scared and dump faster than the multipool can buy. This can be calclulated by the pools hashrate and the small walls. These walls will get bigger the more the price goes up. In order for community members to punish dumpers you have to simply let the multipool slowly chip away at their walls. Let it drive them away. Since the bigger walls are always fake, the second the pool eats it the dumpers will have to remove the wall and then they lose money. Its easy. They may profit now, but in a few months they will get punished by that move. Also, the pool tightens supply by a million dollars of BC a year(thats a LOT!). And that will increase respectively. Decreased supply increased demand.

[svojoe]

The latest pool payout worked out to $2.60 USD per MHS for the day,   x my 2.5mhs = $6.50,   according to coinwarz for my hashrate this makes the BC multi-pool the 2/3ish Most profitable coin to mine in this instant.... No bad!

When I think about the cumulative benefits of mining in the pool to the community,  to Blackcoin and its overall affect on my BC holdings I don't see how this isn't the best thing I can be doing right now.   My opinion is  you have *any* amount of BC you should be mining on the pool to 'automatically' increase the value of the coins you hold and the coins you are mining right this minute.

[hiddensphinx]

quick question

Mintpal has there trading API out in Beta..so is the multipool using it now?

[heartastack]

Is the multipool buying from Cryptsy?

I see the logic of trading on an exchange that has the mined coins of course, however the price of the coin is being driven by Mintpal volume (or more correctly put - sentiment is driven by what we see happening on Mintpal).
If traders can't see the bids of the multipool then nobody will see the bids against the walls on Mintpal that drive price. If the activity of the multipool is invisible on Mintpal then that's a tragedy. Sure the price will self-correct due to arbitrage but again this just seems random and lacks visibilitiy.
 More so as I'm sure miners then send the BC to mintpal when they want to sell so we only see the selling volume.

Can someone please clarify the above for myself and others? And also some thoughts?
I am a big supporter of this coin but we must challenge every action as stakeholders.

[virtualfaqs]

Nobody can predict whether there will be a large dump because we can achieve a very good level of confidence with this big bomb.

Blackcoin is my passion, I invested all my BTC in Blackcoin, because I know the BC potential, I'm tired of seeing people talking here  " I sold in 8000 for to buy again in 6000 ", it finishes with confidence in the currency. (50% of people who are in altcoin for make a quick money, and that's not good for Blackcoin)

You're right. No one can predict a large dump, but I will be selling. I believe in BC too, but if there's an irregular price increase that's not backed up by what I consider good fundamentals I will be taking my profits.

If you really believe in BC, we don't need to resort to ideas like that. Give the miners a good price and let them decide.

If you sell yours BC, maybe you can not buy them again, in low price, if the campaign continues and pressure buy increases, you can sell today by 7900, but it could be 9000 tomorrow, I would think twice before selling. Maybe people will do the same?

Thanks for discussing this matter with me.

I'm not talking about 7900, I'm talking about your idea. Buying 100-200 BTC, the price would probably go up to 20,000 sats if not higher. There's massive slippage and people would sell and miners would complain.

[Fraxinus]

Vote BC guys! Don't let mint win with all there bought votes (52k/59k votes are bought)

http://www.lovecrypto.com/vote

[devachelekar]

We need to be careful in this community not to focus "too much" on the multipool.

Blackcoin was trending upwards very nicely before the multipool even existed.

Blackcoins core concept is being 100% core of stake with a solid developer and community manager. The multipool is a nice extra. I would like to see less posts around here about multipool pumps and other such things. And more focus on projects which further Blackcoin's foundation eg a blockchain like wallet or android wallet or marketing campaigns etc.

+1  BC should not have psychological dependence on Multipool. Instead it should be project oriented. I hope apart from multipool, the devs, community will come forward with different projects. I would like to see BC being accepted by vendors, websites, etc.

[svojoe]

We need to be careful in this community not to focus "too much" on the multipool.

Blackcoin was trending upwards very nicely before the multipool even existed.

Blackcoins core concept is being 100% core of stake with a solid developer and community manager. The multipool is a nice extra. I would like to see less posts around here about multipool pumps and other such things. And more focus on projects which further Blackcoin's foundation eg a blockchain like wallet or android wallet or marketing campaigns etc.

+1  BC should not have psychological dependence on Multipool. Instead it should be project oriented. I hope apart from multipool, the devs, community will come forward with different projects. I would like to see BC being accepted by vendors, websites, etc.

I assure you,  this is in our future in some exciting ways.

[virtualfaqs]

Vote BC guys! Don't let mint win with all there bought votes (52k/59k votes are bought)

http://www.lovecrypto.com/vote

Voted, but can't we just let them win this round and when the votes reset win? Or is that not how it works?

[regnevacs]

agree.. we cannot rely on the multipool itself.. we need this coin to be used on the market. i see that this BC is not usable at some sort outside so there will be no investors will be attracted with BC.

[johnngbluntzky]

agree.. we cannot rely on the multipool itself.. we need this coin to be used on the market. i see that this BC is not usable at some sort outside so there will be no investors will be attracted with BC.

devs are "hinting" at projects. but this is a very irritating trend.

[maarx]

agree.. we cannot rely on the multipool itself.. we need this coin to be used on the market. i see that this BC is not usable at some sort outside so there will be no investors will be attracted with BC.

devs are "hinting" at projects. but this is a very irritating trend.

There are no devs. Just community and people doing shit for the coin. Remember that one guy who said very loud he was making and Android app? Well, haven't heard much from that again.

So- a lot of projects go stealth.

[johnngbluntzky]

agree.. we cannot rely on the multipool itself.. we need this coin to be used on the market. i see that this BC is not usable at some sort outside so there will be no investors will be attracted with BC.

devs are "hinting" at projects. but this is a very irritating trend.

There are no devs. Just community and people doing shit for the coin. Remember that one guy who said very loud he was making and Android app? Well, haven't heard much from that again.

So- a lot of projects go stealth.

right, i suppose that's just the nature of the beast. i'm not gonna lie.. it wouldn't be irritating to me if i was an insider or a dev working on a big project lol..

[ManMachine]

OMG BC is Quick!! 
Deposit in no time! 

[Jabulon]

Why don't we implement a community "SHITCOIN DUMPSTER", where you can throw all your useless, going-nowhere crypto and be paid for them in BC, minus a 20% donation to BC Foundation or multipool bonuses? I'd love to clear out my shitcoin closet, get a few more BC, and support the cause. That's killing 3 birds with one stone!

I think that could be a good idea!
Not sure if i have anytime to code something up for it, but i wouldn't mind doing it manually?
Could sort a page out on the blackcoin site, I dont mind helping if i can .

Ski92 - If you want to jump on this, it's up for grabs. Spring cleaning! Sell your junk! Get paid decently and support Blackcoin!

Ok ill try and sort something out
My coding is a bit rusty I'm an engineer by day!

Fantastic. I can't wait to jettison a bunch of lotto, coino, and god knows what other shit I have lying around.

is there an exchange that lists coino?
I'm thinking we can use crypto rush even though it's dreadful it has the most shit coins?

ski92 if you need any programming skills to the table, let me know- I'm all webservices and interfacing. =)

Ski92 - swisscex does coino and quite a few other coins that have fallen somewhat into obscurity.

[darcius]

The latest pool payout worked out to $2.60 USD per MHS for the day,   x my 2.5mhs = $6.50,   according to coinwarz for my hashrate this makes the BC multi-pool the 2/3ish Most profitable coin to mine in this instant.... No bad!

When I think about the cumulative benefits of mining in the pool to the community,  to Blackcoin and its overall affect on my BC holdings I don't see how this isn't the best thing I can be doing right now.   My opinion is  you have *any* amount of BC you should be mining on the pool to 'automatically' increase the value of the coins you hold and the coins you are mining right this minute.

+100

Yeah not only that, but BlackCoinPool was 25% more profitable then CleverMining and 11% more then Wafflepool yesterday.

[mrbenjie]

How is the press release going?