ANN-EMC2 Einsteinium FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY KMD-dPoW

[Varvarin]

Well done to EMC2 backers, held out against a mega onslaught from some bagholder who couldn't wait to be rid of 800 price coins.

Keep rebuilding walls, he'll run out and then kick himself for not holding past 1k 

[1714197985]

1714197985

[1714197985]

1714197985

[HwM]

800 sat seems to be hard to break.

[Lucif3r]

800 sat seems to be hard to break.

it broke 890 right after Epoch 2 began then slowly declining.

[blindfold]

Nice Logo!

[andnexus]

At these prices plus the coin halving it will kill mining off. only way is down unless people start buying it.

[HwM]

800 sat seems to be hard to break.

it broke 890 right after Epoch 2 began then slowly declining.

ah, actually i meant: 800 sat seems to be hard to sustain

[etoque]

The price are terribly low for what you mine,the big minimum is 1ksat and we can't handle this :/  I put this on the easter,we will see after the long weekend!

[etoque]

Something is cooking .. make sure you have coins on exchanges to make some profits and not end up short like in the pump before MintPump & Craptsy. BUT NEVER EVER SELL ALL .. just look at BC, FLT, FAC, POT ..

Noble coin is being worked up too. PoS pool need more good PoW coins to mine, make EMC2 one of them - 200 DIFF in next month! hehe

Its very debatable for drive up the price! Maybe this is the solution

[Varvarin]

The miners who mined low have been selling off near 800 all day long.

It can't continue and those 5 BTC buys that got filled at 800 will have helped a lot. Won't be long until CoinWarz updates block reward and price goes up again, right now it looks very profitable to mine and sell, and isn't  Keep mining and wait for 1k this week.

[HwM]

The price are terribly low for what you mine,the big minimum is 1ksat and we can't handle this :/  I put this on the easter,we will see after the long weekend!

Asic miners have much lower running costs (electricity), they can afford to sell at these prices (with a profit).

[matauc12]

The price are terribly low for what you mine,the big minimum is 1ksat and we can't handle this :/  I put this on the easter,we will see after the long weekend!

Asic miners have much lower running costs (electricity), they can afford to sell at these prices (with a profit).

efficiency is not the biggest factor here. Startup cost (cost of ASIC, that have no long term resale value). The ROI needs to be hit early or else you get burned.

[HwM]

The price are terribly low for what you mine,the big minimum is 1ksat and we can't handle this :/  I put this on the easter,we will see after the long weekend!

Asic miners have much lower running costs (electricity), they can afford to sell at these prices (with a profit).

efficiency is not the biggest factor here. Startup cost (cost of ASIC, that have no long term resale value). The ROI needs to be hit early or else you get burned.

Asic startup costs (just like GPU's) are sunk costs. In the short term decision making, only variable costs (electricity) as opposed to integral costs are considered.

[matauc12]

The price are terribly low for what you mine,the big minimum is 1ksat and we can't handle this :/  I put this on the easter,we will see after the long weekend!

Asic miners have much lower running costs (electricity), they can afford to sell at these prices (with a profit).

efficiency is not the biggest factor here. Startup cost (cost of ASIC, that have no long term resale value). The ROI needs to be hit early or else you get burned.

Asic startup costs (just like GPU's) are sunk costs. In the short term decision making, only variable costs (electricity) as opposed to integral costs are considered.

If electricity cost was at all relevant, bitcoin price would have lowered considerably and constantly with ASIC. It did the exact opposite, it boomed. It's very arguable what really causes that, it may be the arms race that ASIC are where more and more money injected into hardware means it would elevate the price equilibrium, or it could be other fundamentals. But either way, it shows how LITTLE electricity cost is relevant to value.

No matter the terminology you use, facts are facts, words need to be used correctly and with everything in consideration.  The fact electricity is a variable cost means very little. One of the only use of determining variable cost is profit optimization. But there is so much more than that to the matter. The arms race effect trumps a lot of stuff here.

[airwalker2662]

Yeah you make good points. The asics won't be released for a little while, so if we have a solid foundation by then, i think we should be good. It could actually help indeed. If they were released tmrw, tho, i'd be a bit worried. Like you said tho, asics are the future, they'll be made for most algos eventually anyway. I just hope we'll be a solid enough coin when they come out for scrypt so that they help us instead of hurting.

Regardless of changing, even with having scrypt I have always thought emc2 has serious potential. I think at some point einsteinium will be seen as being a big-time contender in the scrypt world.

To be honest, I wish they were here already. I know our team has some coming in and we'll have a fair amount of hashpower to secure the network. But yeah, I do think that EMC2 will grow into that crypto leader that we see it getting to.

I figure if ASICs hit this coin, the few that own them will dump their plethora of coins at any price. The price will plummet in that scenario. Miners will have left much earlier, as profits were dwindling or nonexistent. How much community will be left at that point?  There are soo many Scrypt coins that will be at the mercy of ASICs. Are you truly confident it will survive amongst all the rest?

While I agree about the hashpower securing the network, it wont matter when the ASICs move on to the next coin as EMC2 becomes delisted from exchanges. Without innovation and adaptation, which I thought was the very reason for the "alt-coin" world, I don't see the future here.

[HwM]

@matauc12
Nobody is denying the complexity of the various factors involved in determining the price of a coin (or the price of anything really). Running costs are relevant in short term decision making. Trying to disprove this point by: one: expanding the scope of the discussion and: two: by giving an example of the good the Asic's did to Bitcoin over the years (long term) isn't really convincing. Vaious other factors should be taken into consideration if you'd want to get into this subject. There's always an example that suits your point if you conveniently leave out vital factors.

I'm not interested in giving you a lecture of basic economic theory, but do some research yourself, I'm sure you'll get the basic's down soon enough. I'm gonna leave it at that. Happy Easter.

[etoque]

@matauc12
Nobody is denying the complexity of the various factors involved in determining the price of a coin (or the price of anything really). Running costs are relevant in short term decision making. Trying to disprove this point by: one: expanding the scope of the discussion and: two: by giving an example of the good the Asic's did to Bitcoin over the years (long term) isn't really convincing. Vaious other factors should be taken into consideration if you'd want to get into this subject. There's always an example that suits your point if you conveniently leave out vital factors.

I'm not interested in giving you a lecture of basic economic theory, but do some research yourself, I'm sure you'll get the basic's down soon enough. I'm gonna leave it at that. Happy Easter.

Asic work for BTC,yeah,You can buy alot of thing with BTC. not with EMC2,Very risky to say it gonna be okey with asic when nobody can buy thing or only use them ! Now the thing is hold your coin and it gonna worth alot more in future,Okey , but its only look ponzy scheme now. EMC2 have this problem,like  so far many atl coin,its useless for now,I trust in Dev and foundation,but we need more to create infatuation over time !

Don't be afraid to innovated!

[matauc12]

@matauc12
Nobody is denying the complexity of the various factors involved in determining the price of a coin (or the price of anything really). Running costs are relevant in short term decision making. Trying to disprove this point by: one: expanding the scope of the discussion and: two: by giving an example of the good the Asic's did to Bitcoin over the years (long term) isn't really convincing. Vaious other factors should be taken into consideration if you'd want to get into this subject. There's always an example that suits your point if you conveniently leave out vital factors.

I'm not interested in giving you a lecture of basic economic theory, but do some research yourself, I'm sure you'll get the basic's down soon enough. I'm gonna leave it at that. Happy Easter.

Being condescending doesn't make a point. Also you wisely state how it's convenient to just keep the information that's relevant to your point. Check what you're doing. As opposed to me where I did mention that variable cost means something, but so little in this matter.

You can argue that going further in the scope is just a long road, but staying over simplistic is a great way to be wrong. No where in history of crypto has efficiency being a driver for value. I said your point is useless, and it is until there is evidence that it's right. Russells teapot.

[matauc12]

@matauc12
Nobody is denying the complexity of the various factors involved in determining the price of a coin (or the price of anything really). Running costs are relevant in short term decision making. Trying to disprove this point by: one: expanding the scope of the discussion and: two: by giving an example of the good the Asic's did to Bitcoin over the years (long term) isn't really convincing. Vaious other factors should be taken into consideration if you'd want to get into this subject. There's always an example that suits your point if you conveniently leave out vital factors.

I'm not interested in giving you a lecture of basic economic theory, but do some research yourself, I'm sure you'll get the basic's down soon enough. I'm gonna leave it at that. Happy Easter.

Asic work for BTC,yeah,You can buy alot of thing with BTC. not with EMC2,Very risky to say it gonna be okey with asic when nobody can buy thing or only use them ! Now the thing is hold your coin and it gonna worth alot more in future,Okey , but its only look ponzy scheme now. EMC2 have this problem,like  so far many atl coin,its useless for now,I trust in Dev and foundation,but we need more to create infatuation over time !

Don't be afraid to innovated!

People have the delusion that being accepted by merchants creates value. It does not. Directly anyways. One of the only ways it does create value is by the marketing being accepted gives (there's a couple other minor factors where higher liquidity might create value in an otherwise relatively low liquidity commodity).


And you seem to say EMC2 doesn't have use like most other altcoins. Emc2 has more use than most altcoins. Most altcoins see a rise from hype driven by new clever ways to create artificial value (multipools creating artificial demand, large premises like country coins creating artificial market caps, etc). Emc2 actually has a use, which is beyond "spending". It's also targeting a little bit outside of crypto world. Those 2 things are really good value drivers.

[etoque]

@matauc12
Nobody is denying the complexity of the various factors involved in determining the price of a coin (or the price of anything really). Running costs are relevant in short term decision making. Trying to disprove this point by: one: expanding the scope of the discussion and: two: by giving an example of the good the Asic's did to Bitcoin over the years (long term) isn't really convincing. Vaious other factors should be taken into consideration if you'd want to get into this subject. There's always an example that suits your point if you conveniently leave out vital factors.

I'm not interested in giving you a lecture of basic economic theory, but do some research yourself, I'm sure you'll get the basic's down soon enough. I'm gonna leave it at that. Happy Easter.

Asic work for BTC,yeah,You can buy alot of thing with BTC. not with EMC2,Very risky to say it gonna be okey with asic when nobody can buy thing or only use them ! Now the thing is hold your coin and it gonna worth alot more in future,Okey , but its only look ponzy scheme now. EMC2 have this problem,like  so far many atl coin,its useless for now,I trust in Dev and foundation,but we need more to create infatuation over time !

Don't be afraid to innovated!

People have the delusion that being accepted by merchants creates value. It does not. Directly anyways. One of the only ways it does create value is by the marketing being accepted gives (there's a couple other minor factors where higher liquidity might create value in an otherwise relatively low liquidity commodity).


And you seem to say EMC2 doesn't have use like most other altcoins. Emc2 has more use than most altcoins. Most altcoins see a rise from hype driven by new clever ways to create artificial value (multipools creating artificial demand, large premises like country coins creating artificial market caps, etc). Emc2 actually has a use, which is beyond "spending". It's also targeting a little bit outside of crypto world. Those 2 things are really good value drivers.

not false,but we still loose 50% of supply for a 10% higher price,not fair enough

[Bobsurplus]

@matauc12
Nobody is denying the complexity of the various factors involved in determining the price of a coin (or the price of anything really). Running costs are relevant in short term decision making. Trying to disprove this point by: one: expanding the scope of the discussion and: two: by giving an example of the good the Asic's did to Bitcoin over the years (long term) isn't really convincing. Vaious other factors should be taken into consideration if you'd want to get into this subject. There's always an example that suits your point if you conveniently leave out vital factors.

I'm not interested in giving you a lecture of basic economic theory, but do some research yourself, I'm sure you'll get the basic's down soon enough. I'm gonna leave it at that. Happy Easter.

Asic work for BTC,yeah,You can buy alot of thing with BTC. not with EMC2,Very risky to say it gonna be okey with asic when nobody can buy thing or only use them ! Now the thing is hold your coin and it gonna worth alot more in future,Okey , but its only look ponzy scheme now. EMC2 have this problem,like  so far many atl coin,its useless for now,I trust in Dev and foundation,but we need more to create infatuation over time !

Don't be afraid to innovated!

As soon as moolah has their new platform up and has completed getting experiment.com up and running to take cryptos then I'll be contacting a few online retailers who already have showed me interest in taking EMC2 as payment.

I have been contacting businesses like www.sciplus.com and have seen nothing but promise for our coin.

Don't worry today on where you can spend the coin.. were only 50 days old!