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pitgar
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June 06, 2014, 11:00:56 AM |
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Haha "dude from the past"
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zjz_lgd
Full Member
Offline
Activity: 173
Merit: 100
zjz_lgd
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June 06, 2014, 01:23:34 PM |
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why every coin has a premine?
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ShareCoin Free and Fair Distribution, Share to moon! SbuXjdoiErjmAoGd3s4jcyEWiRifuorVv3
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__kot__
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June 06, 2014, 01:59:54 PM |
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What is this???! Should be 5000 by now
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Q_R_V
Sr. Member
Offline
Activity: 428
Merit: 250
Inactivity: 8963
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June 06, 2014, 02:17:36 PM |
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Did someone threw a reverse gear in this train?
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btcforthefuture
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June 06, 2014, 02:21:42 PM |
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people dump because once this is on mintpal you are left holding the bag
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majkel_94
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June 06, 2014, 02:59:58 PM |
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why every coin has a premine? To cover the development cost, like renting a www server, writing source code, patch wallet, do marketing things like exchanges etc. Did someone threw a reverse gear in this train?
Nope, just someone was desperate nerd and sell hundreds of thousands ENC It's cheap now so people buy coins
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cbassthefish
Member
Offline
Activity: 98
Merit: 10
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June 06, 2014, 03:24:33 PM |
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why every coin has a premine? To cover the development cost, like renting a www server, writing source code, patch wallet, do marketing things like exchanges etc. Did someone threw a reverse gear in this train?
Nope, just someone was desperate nerd and sell hundreds of thousands ENC It's cheap now so people buy coins I think you will find that the multipools are now holding back this coin. They are mining and dumping the coins they get into the buy orders. Once you got yourself list on CoinWarz, you got yourself noticed in more ways than one. Plus this coin has KGW which means the difficulty re-targets quickly. The multi-pools will make the most of this opportunity. Congratulations. You are the most profitable coin on Wafflepool http://wafflepool.com/stats/nscryptThe coin will still do well in the run up to MintPal listing, but not as well as you would have expected if there was an absence of multi-pools hhahahaha We are now probably looking at 8k sat, rather than 10 or 11k by Sunday
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devega
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June 06, 2014, 05:35:21 PM |
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This is typical, that after rapid growth must be a dump. Now ENC can rocket again and reach a new maximum.
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cbassthefish
Member
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Activity: 98
Merit: 10
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June 06, 2014, 05:51:40 PM |
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This is typical, that after rapid growth must be a dump. Now ENC can rocket again and reach a new maximum.
New coins have to be wary about listing their coins on coinwarz and such like. It attracts the wasp like multipools which are hostile, sting again and again, to serve their own purpose. Everyone seems to pat themselves on the back when they get listed on coinwarz.
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cbassthefish
Member
Offline
Activity: 98
Merit: 10
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June 06, 2014, 05:58:53 PM |
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This is typical, that after rapid growth must be a dump. Now ENC can rocket again and reach a new maximum.
New coins have to be wary about listing their coins on coinwarz and such like. It attracts the wasp like multipools which are hostile, sting again and again, to serve their own purpose. Everyone seems to pat themselves on the back when they get listed on coinwarz. Sorry to be such a downer about this. But I hate the multipools They are worse for long established coins that have potential but cannot go ahead. Myriad is one example as the block reward is so high and the multipools love it. Anyway, ENC will pump a lot this weekend, despite the multipools dumping. The multipools will not be able to keep up with the coming pump. After Monday, I really do not know.... The Dev(s) will have to do something about this and hard fork the coin if they want their coin to have potential and move forward.
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etcdev (OP)
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June 06, 2014, 06:10:47 PM |
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We are on top of it. Digishield has been incorporated to help prevent this type of thing. New wallets / updated code will be made available once fully tested and exchanges have been notified.
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__kot__
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June 06, 2014, 08:03:56 PM |
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It is becoming quiet and boring here Where are our PR-guys and ENC enthusiasts ?
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majkel_94
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June 06, 2014, 09:02:49 PM |
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Watching the dump by waffle multipool The hashrate will rapidly increase soon and the multipool will stop mining ENC, so there won't be any large drops and price will go up up up
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__kot__
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June 06, 2014, 10:23:42 PM |
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So let the hashrate grow soon
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matek
Newbie
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Activity: 57
Merit: 0
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June 06, 2014, 11:56:55 PM |
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I was expecting a drop to at least 3k but that didn't happen so I just bought some more at 3,8
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etcdev (OP)
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June 07, 2014, 03:44:42 AM Last edit: June 07, 2014, 04:13:46 AM by etcdev |
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As mentioned earlier, the Entropycoin code base has been updated and compiled with the DigiShield method of fixing Kimoto Gravity Well (KGW). The update works as expected. However, this patch requires a hard fork. Although the fork will be transparent to users with the new wallet, we need to give adequate time for the majority of the ENC community to get the new wallet installed. This includes the exchanges, block explorer, pools, and miners. This leaves us with a window of about a day and a half before being (hopefully) added to MintPal. After much consideration, the decision has been made to leave the current wallet in place until after we've been added to MintPal. It is simply too small of a window.
Having said that, the patch is ready to be applied at a moments notice should an issue arise. To help prevent any issues, please join an ENC pool instead of using one of the multipools. The more our hashrate grows, the less multipools influence the difficulty level. It is important to note that the currency is stable right now and this relates to mining difficulty and not overall stability.
Once we have been added to MintPal, this will be the first priority for the coin. An official update will be announced and we will give proper notice to the community, exchanges, and other external sites.
Thank you to all for your PM's and support!
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etcdev (OP)
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June 07, 2014, 04:00:27 AM |
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That is, if we get added to Mintpal, just fell to second place. Please keep voting.
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tazmania
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June 07, 2014, 04:08:28 AM |
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That is, if we get added to Mintpal, just fell to second place. Please keep voting.
MyCoin has a whale buying votes. Will be a close finish.
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__kot__
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June 07, 2014, 05:06:09 AM |
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Good - we have a job to do ... All hands on deck and keep voting!
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