[ANN] AIRcoin

[albertdros]

Trading is absolutely confirmed to open tonight. Our team is extremely busy making the final preparations, so I am sorry of we are not as active on this thread as we normally are.

Estimated time?

would also like to know as its already 11:30 pm here.

[ellave]

Yes when is tonight as its 9.50am on Sat here 

[AIRcoin]

A note on trading,

The Opportunity Cost of AIRcoin

At any time, the value of a coin is determined by a number of factors. That said, the equilibrium price of a coin is determined by one factor above all the others: how hard it is to mine a single coin. If one knows the difficulty and the block reward for a coin at any given moment, then one can make an educated guess about what the coin is worth because that difficulty implicitly reveals what miners are paying for the coin.

This cost that miners are paying is known as the opportunity cost. This means that when miners dedicate hashing power to a particular coin, they are giving up what they would have earned if they had pointed their hashing power at a different coin. According to one of our miners, it takes four hours to get one AIRcoin with one MH/s. As a result, miners value our coin at least as much as what else they could earn from one MH/s in four hours. Over the past several months, we have analyzed the BTC equivalent value that a given unit of hashing power earns. We have discovered that mining profitability reverts to a mean of .00002 Bitcoins per kilohashes per day. This implies an opportunity cost of .0032 BTC/AIR, or about $1.99/AIR at a difficulty of 11.59 and a hashing rate of 460 MH/s.

For those who are mining currently, the opportunity price to sell the coin at and ensure that you made the most money is .0032. For those who have mined at lower difficulties, that price is lower, but not exceedingly so. Hashrates will likely increase soon however, as Multipools enter, therefore, that opportunity price will increase in the future.

We ask that you try to adjust to THAT price for now. As identified earlier, our market actions follow the market, and try to contain it, rather than set the explicit price to regulate at.

Poloniex will open at their discretion soon.

[albertdros]

A note on trading,

The Opportunity Cost of AIRcoin

At any time, the value of a coin is determined by a number of factors. That said, the equilibrium price of a coin is determined by one factor above all the others: how hard it is to mine a single coin. If one knows the difficulty and the block reward for a coin at any given moment, then one can make an educated guess about what the coin is worth because that difficulty implicitly reveals what miners are paying for the coin.

This cost that miners are paying is known as the opportunity cost. This means that when miners dedicate hashing power to a particular coin, they are giving up what they would have earned if they had pointed their hashing power at a different coin. According to one of our miners, it takes four hours to get one AIRcoin with one MH/s. As a result, miners value our coin at least as much as what else they could earn from one MH/s in four hours. Over the past several months, we have analyzed the BTC equivalent value that a given unit of hashing power earns. We have discovered that mining profitability reverts to a mean of .00002 Bitcoins per kilohashes per day. This implies an opportunity cost of .0032 BTC/AIR, or about $1.99/AIR at a difficulty of 11.59 and a hashing rate of 460 MH/s.

For those who are mining currently, the opportunity price to sell the coin at and ensure that you made the most money is .0032. For those who have mined at lower difficulties, that price is lower, but not exceedingly so. Hashrates will likely increase soon however, as Multipools enter, therefore, that opportunity price will increase in the future.

We ask that you try to adjust to THAT price for now. As identified earlier, our market actions follow the market, and try to contain it, rather than set the explicit price to regulate at.

Poloniex will open at their discretion soon.

i ask again, what is soon. Its midnight here. I am interested to see how the launch at poloniex will go, but not if i have to wait for long.

[arniebaby]

God damn it the suspense is killing me.
So the market will be allowed to find it's own price and TeamAIR will then support that price? so we won't see  huge walls set around the teams' calculated value?

[Story777]

Yes when is tonight as its 9.50am on Sat here 

Right NOW...I think

[Mortimer452]

I just checked - AIR market is open on Poloniex now.  No trades yet but the buys/sell orders are quickly filling up

[dasource]

We are in action .... Over 1 BTC and 500 AIR traded!

[Story777]

I just checked - AIR market is open on Poloniex now.  No trades yet but the buys/sell orders are quickly filling up

It's started trading already :-)

[AIRCOIN Solomon]

Thanks to Altcoin Authority for putting up a fantastic article about AIRcoin. You can read it here: http://altcoinauthority.com/2014/03/aircoin-innovations/.

Happy Trading!

[sussex]

Clearly a load of halfwits selling at circa .001 who obviously haven't read the thread - ho hum, was bound to happen.

[AIRcoin Theseus]

2 BTC were moved in the first 20 minutes over at https://poloniex.com/exchange/btc_air. There are currently 5 BTC worth of buy orders for AIRcoins and there are 4 BTC worth of sell orders for AIRcoins.

EDIT: 3.4 BTC moved in first 30 minutes

[CryptoKiller]

price is rising...Now would be the perfect time to buy.

[Jookly]

Yup. This is going to be good. Nice work everyone!

[AltcoinAuthority]

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★


Aircoin Innovations: Article & Giveaway!!
http://altcoinauthority.com/2014/03/aircoin-innovations/


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★

[Juicemixer]

Yeah I purchased 1 btc worth in that 20 minutes. I see now it's worth more than I purchased it for but I'm going to hold for a long while.

[AIRCOIN Solomon]

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★


Aircoin Innovations: Article & Giveaway!!
http://altcoinauthority.com/2014/03/aircoin-innovations/


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★

+1

[Juicemixer]

Hashrate is increasing with the release of the exchange. That was to be expected but I wonder if it will hit 1ghz by end of the weekend.

[Mortimer452]

Pity the Pool!  AIRcoin (AIR) Pool

- Solid servers, UPS/generator backups
- Redundant internet
- 1.5% fee
- Dedicated equipment - we own the hardware, we own the data center

The first AIRcoin pool - still plenty of room for more miners

http://air.pitythepool.com

[AIRcoin]

6.64 BTC volume in the first hour of trading. Prices at 0.0021 and rising. Hashrates have new peak at 560 MH/S.