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Author Topic: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven.  (Read 53852 times)
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July 26, 2019, 04:45:48 AM
 #1281

How is hotbit for buying Grin?
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July 26, 2019, 07:07:45 AM
 #1282

How is hotbit for buying Grin?

Their orders ledgers on GRIN looks healthy, but their trade history is most likely fake (the smallest traded amount is about 150 GRIN and the average is about 400 GRIN per one trade).
If for example you check Bittrex (https://international.bittrex.com/Market/Index?MarketName=BTC-GRIN) you'll notice many small trades of 2-5 GRIN, those could be miners selling or trading other mined coins for GRIN.

If HotBit is faking their volumes, I wouldn't want to support them just because of that.

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July 26, 2019, 09:55:43 AM
 #1283

Poloniex is still one of top exchanges when you cut off fake volume. There were many researches made in past year.
If I do not miss something, Poloniex is one of the first exchanges listed Grin coin. They responsed very fastly with expectation of crypto traders and investors, whom eagerly to invest in Grin coin months ago, in early of 2019.

I dismissed this coin on the early phase and then i forgot or didn't even realize that this landed on the poloniex <3. But the marketcap right now makes me want to fomo in. But i'll try to keep my patience and wait my buy orders to hit.

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July 26, 2019, 03:03:54 PM
 #1284

Poloniex is still one of top exchanges when you cut off fake volume. There were many researches made in past year.
If I do not miss something, Poloniex is one of the first exchanges listed Grin coin. They responsed very fastly with expectation of crypto traders and investors, whom eagerly to invest in Grin coin months ago, in early of 2019.

They also donate to GRIN developers fund monthly.

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July 28, 2019, 02:41:52 PM
 #1285

How is hotbit for buying Grin?

Just bought it today via ETH pair. Went everything well. I needed to wait 3 hours for my order to get filled because HotBit uses obvious wash trading. There's maybe 40 ETH of real daily volume for Grin there instead of reported 40k ETH. I withdrawn Grin to my wallet and everything was smooth.
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July 30, 2019, 03:32:07 PM
 #1286

Any comments on the huge drop of grin price?

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DREAMCOIN now solidly based on land.
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July 30, 2019, 08:16:06 PM
 #1287

Any comments on the huge drop of grin price?


All price talks are in Grin Observer - GRN/BTC - Price Movement and Discussion https://bitcointalk.org/index.php?topic=5102334.780


But price is much higher then I expected it at this time. BTC price is higher then it was in May. Amazing!

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August 08, 2019, 02:23:17 PM
 #1288



Grin hashrate increased for more then three times in last three weeks. That is good news for the coin. Not so good for miners.

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August 08, 2019, 04:56:33 PM
 #1289

I'm a bit confused here, did the profitability fell dramatically just because of the low coin price or has ASIC miners started being used?
But it seems c29 is less profitable that c31, however c31 is the ASIC friendly algorithm and c29 should't be more profitable with my GPU if ASICs are introduced.

So, how comes c29 is so much less profitable than c31 right now? What have I missed?

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August 09, 2019, 01:50:44 AM
 #1290

@Febo. Agreed, however the miners might be speculating something optimistic to occur hehehe.

@RivAngE. As Febo showed, the hashrate has increased 3x in the last 3 weeks. There might be more GPU mining farms transferring from other cryptocoins to Grin.

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August 09, 2019, 06:47:36 AM
 #1291

@Febo. Agreed, however the miners might be speculating something optimistic to occur hehehe.

@RivAngE. As Febo showed, the hashrate has increased 3x in the last 3 weeks. There might be more GPU mining farms transferring from other cryptocoins to Grin.

Which would seem weird, seeing how GRIN is not that profitable so why would they come over to GRIN?
But the coins they come from might have been taken over by ASICs and FPGAs, so for whatever reason they're forced to stick with GRIN regardless of profitability.

I guess they have "free" power... Roll Eyes

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August 09, 2019, 08:16:55 AM
 #1292

@RivAngE. As Febo showed, the hashrate has increased 3x in the last 3 weeks.

No; it hasn't. See https://grinscan.net/charts for accurate graphrates.
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August 09, 2019, 03:39:59 PM
 #1293

@RivAngE. As Febo showed, the hashrate has increased 3x in the last 3 weeks.

No; it hasn't. See https://grinscan.net/charts for accurate graphrates.

I read on reddit someone mention hashrate growth and went check and saw https://2miners.com/grin-network-hashrate  , now when I read what you said I checked more and is somehow confusing why some statistic shows same as where I first look and others as you showed. This ene to https://grin.blockscan.com/chart/type/hashrate

Here you see is 1.44 MGps: https://miningpoolstats.stream/grin-c29


https://grinscan.net/charts sadly shows only one week of history. Sad

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August 09, 2019, 03:42:13 PM
 #1294

https://grinscan.net/charts sadly shows only one week of history. Sad

https://grin.report/d/xoo9N43iz/chain?orgId=1&from=now-6M&to=now

is another accurate one with full history...
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August 09, 2019, 06:23:49 PM
 #1295

GRIN - Bringing anonymity to transactions AND network hashrate until 2019! Grin
Maybe some charts are showing the hashrate of a specific pool and others the hashrate of the overall network?

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August 10, 2019, 12:45:33 AM
 #1296

@Febo. Agreed, however the miners might be speculating something optimistic to occur hehehe.

@RivAngE. As Febo showed, the hashrate has increased 3x in the last 3 weeks. There might be more GPU mining farms transferring from other cryptocoins to Grin.

Which would seem weird, seeing how GRIN is not that profitable so why would they come over to GRIN?
But the coins they come from might have been taken over by ASICs and FPGAs, so for whatever reason they're forced to stick with GRIN regardless of profitability.

I guess they have "free" power... Roll Eyes

Miners usually only speculate that a cryptocoin's price will improve and that the risk taken will give them a better ROI than those other coins.

Cheap power helps, however, it will never stop them from seeking greater profit, I reckon.


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August 10, 2019, 04:13:32 AM
 #1297

Miners usually only speculate that a cryptocoin's price will improve and that the risk taken will give them a better ROI than those other coins.

Cheap power helps, however, it will never stop them from seeking greater profit, I reckon.
Smart miners will keep running their rigs when price falls and others turn off their rigs. When difficulty falls too, they will get more coins from mining in the same period of rig operations, at same cost of electricty. In the long run, when price rallies, miners will come back, difficulty will consequently increase, and they can take profits. In general, they will get higher profits than other miners whom left when price falls deeply. Especially, this strategy should  be applied only for good altcoins, for shitcoins, applying this strategy will end with losses, because shitcoins will end with zero price, zero volume.

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August 11, 2019, 01:57:45 AM
 #1298

You guys don't believe this crypto crap is a complete scam? Smiley The daily browsing of the forum becomes clearer and clearer for me.
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August 11, 2019, 02:38:15 AM
 #1299

Miners usually only speculate that a cryptocoin's price will improve and that the risk taken will give them a better ROI than those other coins.

Cheap power helps, however, it will never stop them from seeking greater profit, I reckon.
Smart miners will keep running their rigs when price falls and others turn off their rigs. When difficulty falls too, they will get more coins from mining in the same period of rig operations, at same cost of electricty. In the long run, when price rallies, miners will come back, difficulty will consequently increase, and they can take profits. In general, they will get higher profits than other miners whom left when price falls deeply. Especially, this strategy should  be applied only for good altcoins, for shitcoins, applying this strategy will end with losses, because shitcoins will end with zero price, zero volume.

I reckon the smart miners should become more aggressive in mining cryptcoins that they speculate might increase in price and stop mining bearish coins.

Some of them cannot compete with big farms and have to be smart in using their GPUs, energy.

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August 12, 2019, 04:50:47 AM
 #1300

Grin hashrate increased for more then three times in last three weeks. That is good news for the coin. Not so good for miners.
It is good for all, includes miners, if they don't sell their coins at the moment. They (miners) will get significant profits too, (much higher than what they get if they sell their coins at the moment), because price of Grincoin will rise over time (as same as what we saw with bitcoin). When hashrate increases, price will consequently rise later. Another plus point for this forecast is altcoin season to come soon, maybe in September this year.

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