[ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink

[frameLAlife]

Well, statistics teaches us that randomly clicking octo explorer transactions will likely show the wallet with the currently highest hashrate.
it's this one: http://explorer.octocoin.org/address/8NQcJrZgyqJYiNXUuXtbQXn3AKufTSXqmT
but, the octo explorer somehow doen't show it

EDIT:

if anyone has some spare time he could try to trace back this address. if it leads to the first days/weeks it is likely the devs wallet and it means they are still mining with lots of hashrate.

That address is most likely a pool address, as seen here in the link to FusionHash's wallet address.
http://explorer.octocoin.org/address/8dWMopM6t8exAvGc7PQUEtrHdBwgTnktJb

It could be Edric's pool address, it could be a multipool (although i don't think any multis mine octo anymore), or it may be someone solomining (most likely)

speculation leads to no good here at this point so take that as you will  

That address belongs to coinmine[dot]pw... a multipool that has been hitting the coin since the bonus block days. They were the reason that the 88 coin blocks with 888 coin bonus blocks were revised to a steady 188 coins/block. They figured out the pattern to guess the bonus blocks and were grabbing most of them, so the devs did the fork to make the blocks a steady 188. The total number of coins equal the same amount but made it less profitable to sit on the bonus blocks.

The devs were putting a lot of hash at the coin, but seem to have backed off recently. There are a few addresses that pop in and grab several blocks from time to time that don't act like a multipool. They do not cut out when the difficulty gets too high to make mining profitable, but keep driving the difficulty up to 30+ before they bail. You will also see the coinmine address drive the difficulty up occasionally, as they frequently have a lot of hash on their dedicated Octo port from miners just interested in Octo.

There are also a couple of other multipools (yes, thenotfatguy, multipools are still hitting it) that hit Octo from time to time... Then there was the person/farm (8MTsyk89qZ7YwSogXZUwE8FD5gLEiBCfas) that blasted the coin yesterday and drove the difficulty up to near 100... totally new address that I had never seen on the block chain... Maybe someone trying out their newly purchased equipment...

Finally, before people come on here and start spouting conspiracy theories (I'm not just talking about you, Thompson); maybe they should take some time and do a little research by reading through the entire thread. The issue of addresses mining tons of Octo has been brought up many times and there are several posts that tell the addresses' source.

Most of the BS that I have seen posted here in the past few days could be resolved if people just learned how to read before they opened their mouths. Be a little self-reliant and do some research before trying attribute every nefarious looking item to the devs.

The only issue with this coin is that the devs have promised much, but have yet to deliver anything. That's it folks... Nothing else to see here... Move along, now.

If you are worried, you have three choices here:

1. Dump your shit and get out before you develop an ulcer or have a heart attack from all of the stress you are under.

2. Hold what you have and wait to see if something comes about or not.

3. Continue to whine, cry and create theories that drive other prospective investors away.

Any of the numbers you choose above will not make one bit of difference to the devs. They have always said that they are doing things their own way. If you don't like what you have gotten into, maybe you should have done a bit more reading before you invested.

I know I may sound a bit harsh, at times, but I do always try to speak the truth. The truth is that you are the ultimate decision maker in your life and it is you who ultimately must take responsibility for those decisions. Try making logical, informed decisions before investing in anything or before creating theories just because you are upset at the lack of developments. Your mind is a wonderful thing if you just let it do it's job and think.


EDIT: The address does not show in the block explore because any address with more than 1000 transactions will not show up... It's the default setting in the Abe explorer code, which the Octo explorer is based on.

+888

[mafort1469]

YES, AGREED. Thank you for the clarity.

[th0ms0n]

Well, statistics teaches us that randomly clicking octo explorer transactions will likely show the wallet with the currently highest hashrate.
it's this one: http://explorer.octocoin.org/address/8NQcJrZgyqJYiNXUuXtbQXn3AKufTSXqmT
but, the octo explorer somehow doen't show it

EDIT:

if anyone has some spare time he could try to trace back this address. if it leads to the first days/weeks it is likely the devs wallet and it means they are still mining with lots of hashrate.

That address is most likely a pool address, as seen here in the link to FusionHash's wallet address.
http://explorer.octocoin.org/address/8dWMopM6t8exAvGc7PQUEtrHdBwgTnktJb

It could be Edric's pool address, it could be a multipool (although i don't think any multis mine octo anymore), or it may be someone solomining (most likely)

speculation leads to no good here at this point so take that as you will  

Finally, before people come on here and start spouting conspiracy theories (I'm not just talking about you, Thompson); maybe they should take some time and do a little research by reading through the entire thread. The issue of addresses mining tons of Octo has been brought up many times and there are several posts that tell the addresses' source.

Maybe I just wanted to cause other people - far more intelligent than I myself could ever dream of - to tell me what they know. And it obviously worked out fine 
Since you are in the picture, when did the devs stop to throw hash at octocoin?

[gd100]

I resigned. I will wait devs. As it should. I hope they do not quit. I still believe in them. 

[madmartyk]

No DEVs and price dropping.  Not good!!!  Is it time to panic yet??

[frameLAlife]

you blinked.

[mafort1469]

I hope octo goes down to 50 sats so I can be an Octo millionaire. Ha. You will all look back someday and wonder why you sold. Sell to me please. Thank you.

[SquidsIn]

I hope octo goes down to 50 sats so I can be an Octo millionaire. Ha. You will all look back someday and wonder why you sold. Sell to me please. Thank you.

I would rather not even think about that as somebody who became an Octo millionaire after a lot of mining and a lot of purchasing of Octo's at upto 16x that price.

In fact, that has to be the most annoying thing about Octo if it EVER does take off, those of us who have been here since day 1 are going to see some johnny come lately make a massively bigger ROI.

[mafort1469]

I hope octo goes down to 50 sats so I can be an Octo millionaire. Ha. You will all look back someday and wonder why you sold. Sell to me please. Thank you.

I would rather not even think about that as somebody who became an Octo millionaire after a lot of mining and a lot of purchasing of Octo's at upto 16x that price.

In fact, that has to be the most annoying thing about Octo if it EVER does take off, those of us who have been here since day 1 are going to see some johnny come lately make a massively bigger ROI.

I hear ya. I haven't been here since day one, but started in July so bought most of mine at 1600-2000 range. All I am trying to say is that I believe this coin still has potential even if most people have given up on it. And since I do still believe I will buy coins up if for no other reason that to say I told you so once things begin to happen. People want everything now...gimme, gimme, gimme. Fucking little kids.......just wait...be patient for once and things will come. If you can't wait then fucking sell.....to me.Thank you.

[frameLAlife]

well i guess it's a good thing octo wasn't tied up with the mintpal fiasco that came out this weekend. woulda sucked had we had coins setting on their exchange.

[cryptoxx]

Saw this, thought of octocoin:

http://www.businessinsider.com/average-shareholder-in-apple-supplier-gtat-pleads-with-bankruptcy-court-2014-10

The series of events aren’t the same, but the helplessness in this small investor’s letter is how I feel vs. the actions so far of the octocoin developers.

The letter writer stands to lose far more on GTAT than I will on octocoin, and I hope far more than anyone will on octocoin. I feel terrible for him.

What hit me as most painfully similar to octocoin?

He’s a small investor who will lose money, like me, because he believed in an organization that ultimately proved extremely unworthy of his trust, and like me, he’s powerless to do anything about it.

[peterw]

Saw this, thought of octocoin:

http://www.businessinsider.com/average-shareholder-in-apple-supplier-gtat-pleads-with-bankruptcy-court-2014-10

The series of events aren’t the same, but the helplessness in this small investor’s letter is how I feel vs. the actions so far of the octocoin developers.

The letter writer stands to lose far more on GTAT than I will on octocoin, and I hope far more than anyone will on octocoin. I feel terrible for him.

What hit me as most painfully similar to octocoin?

He’s a small investor who will lose money, like me, because he believed in an organization that ultimately proved extremely unworthy of his trust, and like me, he’s powerless to do anything about it.

Yes. I feel exactly this way.

[CryptoBroker79]

Saw this, thought of octocoin:

http://www.businessinsider.com/average-shareholder-in-apple-supplier-gtat-pleads-with-bankruptcy-court-2014-10

The series of events aren’t the same, but the helplessness in this small investor’s letter is how I feel vs. the actions so far of the octocoin developers.

The letter writer stands to lose far more on GTAT than I will on octocoin, and I hope far more than anyone will on octocoin. I feel terrible for him.

What hit me as most painfully similar to octocoin?

He’s a small investor who will lose money, like me, because he believed in an organization that ultimately proved extremely unworthy of his trust, and like me, he’s powerless to do anything about it.

The morale of this story;
Don't invest more than you can afford to lose!

[Tearz]

time of death 8:21 pm

[shellbunner]

I might be alone here, but I see us as gamblers. I don't consider us investors. 

[cryptoxx]

I might be alone here, but I see us as gamblers. I don't consider us investors. 

I get that. And this isn't a regulated market like stocks.

However, the octocoin developers have referred to this community as investors and people making an investment in this coin.

Apparently one more thing I should not have believed in.

[shellbunner]

I might be alone here, but I see us as gamblers. I don't consider us investors. 

I get that. And this isn't a regulated market like stocks.

However, the octocoin developers have referred to this community as investors and people making an investment in this coin.

Apparently one more thing I should not have believed in.

I feel your frustration. No one has more invested in Octo than I do. I've written off my "investment" and if it pays off in the future then it's like hitting the lottery.

Good luck to everyone.

[frameLAlife]

i dunno what to consider us.... investors/gamblers.... either way i don't have more in Octo thani can afford to lose.

sux if it was a waste of time and money.... i truly am not in a huge hurry.... if it does something before next March at the year mark i'll be more than happy.

as far as i'm concerned that's a solid date to give someone a year when they were talking about everyone meeting in Vegas for the year anniversary....

we will see one day one way or the other.

[LeFiste]

I just wrote them a e-mail...let's see if they reply soon

[frameLAlife]

so we are disabled on Bittrex?

that blows. i have about 22,000 sitting there.