CjMapope
Legendary
 Offline
Activity: 1820
Merit: 1092
~Full-Time Minter since 2016~
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May 13, 2019, 01:50:03 PM |
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That is an issue if most think as well, the miners will keep dumping at a lower price with little incentive for people to buy. Will definately be watching the market as it progresses as a study in this type of coin distro.
Miners will keep to dump their Grin coin at prices that still bring profits for their mining after subtracting electricity cost. Therefore, we have to wait till the price at which miners get very little profits from their mining if they sell their coins at such low price. After that price range, miners will stop dumping their coins, and Grin coin will rally definitely. Waiting patiently is key for now if you have big interests in Grin coin. ya with all the new ASICs launched down and down grin goes. i was wanting to grab some more, but now im thinking its just gonna keep going down : / fiat wise i guess its doing not bad tho, 2$ |
~Got this girl in my bed, a roof over my head, i mint a couple coins a week, and thats how i make bread~ ~On the 12th day of Hatzvah, OGminer said to me: "compute root of the merkle hash tree!"~ Prohashing -- Simply the best Multipool! |
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tranthidung
Legendary
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Activity: 2268
Merit: 4005
Farewell o_e_l_e_o
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May 13, 2019, 02:02:42 PM |
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ya with all the new ASICs launched down and down grin goes.
i was wanting to grab some more, but now im thinking its just gonna keep going down : /
fiat wise i guess its doing not bad tho, 2$
Personally, Grincoin is interesting altcoin, but I might try to patiently waiting next 6 months to buy the coin. I wish that I might have cheaper price to buy Grin coin. In addition, I also hope that next 6 months, GUI wallet will be available for non-technical users. Such GUI wallet will help Grin coin to catch more investors' eyeballs as well as capital flow, that in turn might help Grin coin rallying from its bottom (if we actuallly see Grin Coin bottom within next 6 months). |
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Privcy Foundation
Jr. Member
Offline
Activity: 82
Merit: 2
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May 13, 2019, 07:07:16 PM |
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That is an issue if most think as well, the miners will keep dumping at a lower price with little incentive for people to buy. Will definately be watching the market as it progresses as a study in this type of coin distro.
Miners will keep to dump their Grin coin at prices that still bring profits for their mining after subtracting electricity cost. Therefore, we have to wait till the price at which miners get very little profits from their mining if they sell their coins at such low price. After that price range, miners will stop dumping their coins, and Grin coin will rally definitely. Waiting patiently is key for now if you have big interests in Grin coin. ya with all the new ASICs launched down and down grin goes. i was wanting to grab some more, but now im thinking its just gonna keep going down : / fiat wise i guess its doing not bad tho, 2$ dollar price doesn't matter, its heavily losing ground on the bitcoin trading ratio. Already from 40k sats to 20k sats this month!!, that is a huge drop |
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Privcy Foundation
Jr. Member
Offline
Activity: 82
Merit: 2
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May 13, 2019, 07:16:19 PM |
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Won't be long until this goes under 10k sats. If you are still holding some, dump it for btc before you get completely rekt.
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Febo
Legendary
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Activity: 2730
Merit: 1288
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May 13, 2019, 08:39:48 PM |
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Won't be long until this goes under 10k sats. If you are still holding some, dump it for btc before you get completely rekt.
Yes. Bitcoin will go up in next 2 years. So sub $1 will be hard to get or it will not stay for long there. But 0.00055 BTC is far far far far from bottom. Bottom of GRIN price will be way closer to 0.0001 then 0.0005.
Man you still only repeats after others. Zero originality.  |
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RivAngE
Full Member
Offline
Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
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May 14, 2019, 09:42:02 AM |
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ya with all the new ASICs launched down and down grin goes.
i was wanting to grab some more, but now im thinking its just gonna keep going down : /
fiat wise i guess its doing not bad tho, 2$
Personally, Grincoin is interesting altcoin, but I might try to patiently waiting next 6 months to buy the coin. I wish that I might have cheaper price to buy Grin coin. In addition, I also hope that next 6 months, GUI wallet will be available for non-technical users. Such GUI wallet will help Grin coin to catch more investors' eyeballs as well as capital flow, that in turn might help Grin coin rallying from its bottom (if we actuallly see Grin Coin bottom within next 6 months). ASIC miners won't cause the price to dump, ASICs are not evil by definition, they might be handled correctly and I believe the GRIN team is handling them the best way I've ever seen with their roadmap. I believe that in the current prices, ASICs will pump the price. Here's my reasoning, With GRIN being so low in market cap (#175-#200), there won't be many or even any opportunist ASIC buyers who are buying an ASIC in order to make a quick cash from the rising prices. The ones who will buy an ASIC will be investors who believe in the strength and future of GRIN and they are willing to mine for a loss in order to accumulate coins and support the network. This should essentially push out c31 GPU miners who are just mining whatever algo is more profitable and exchange everything they mine to BTC because they happen to have a strong GPU. |
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Cryptotourist
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May 15, 2019, 08:23:32 AM |
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To bottom or not to bottom.  No $0.5 Grin yet, but either it's going full anal soon, or we could call ~23k sat the bottom. Alts seem to be on the rebound. |
I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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HairyMaclairy (OP)
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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May 15, 2019, 12:43:53 PM |
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Yes am watching with interest but sitting on my hands
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bbc.reporter
Legendary
 Online
Activity: 2926
Merit: 1441
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May 16, 2019, 01:54:00 AM |
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@Cryptotourist. We should not become exceedingly excited. If you are bagholding, you should relax and do not make an error by buying more. Remember grin's inflation and monetary policy. This is also a miner's coin, especially in the beginning.
In any case, where can we check a chart of grin's all time hashrate?
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yefi
Legendary
Offline
Activity: 2842
Merit: 1511
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May 16, 2019, 03:37:43 AM |
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Yes am watching with interest but sitting on my hands
I bought a little. Seems like its ripe for some pumpery with current action. |
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Cryptotourist
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May 16, 2019, 05:42:33 AM |
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@Cryptotourist. We should not become exceedingly excited. If you are bagholding, you should relax and do not make an error by buying more. Remember grin's inflation and monetary policy. This is also a miner's coin, especially in the beginning.
I'm hodler in Grin dude. As I have stated before, I'm not worried about inflation & monetary policy in Grin. Sure I have shorted it, but only to make my stack bigger. I'm not funding it any more if that's what you're wondering. In any case, where can we check a chart of grin's all time hashrate?
Good question. I checked, but all I could find was some pool charts - not showing the whole picture (2miners for example). Difficulty won't do I suppose. # I bought a little. Seems like its ripe for some pumpery with current action.
Amen. |
I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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Febo
Legendary
Offline
Activity: 2730
Merit: 1288
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May 18, 2019, 04:56:29 PM |
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bbc.reporter
Legendary
Online
Activity: 2926
Merit: 1441
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May 20, 2019, 04:55:18 AM |
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@Cryptotourist. grinmint.net should have an all time chart of the total of both the primary and secondary hashrates to give everyone a clearer picture.
@Febo. Is that chart correct? grinmint.net has 0.85 kg/s and 47.678 kg/s on the primary and secondary hashrates. Your website has 947.58 kg/s of the total grin hashrate?
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.Duelbits. | │ | ..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE | │ | DUELBITS
FANTASY
SPORTS | ████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
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HairyMaclairy (OP)
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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May 20, 2019, 09:38:48 AM |
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31k sats and things that make you go hmmm...  |
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Cryptotourist
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May 20, 2019, 02:06:39 PM |
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@Cryptotourist. grinmint.net should have an all time chart of the total of both the primary and secondary hashrates to give everyone a clearer picture.
Thanks, but no they don't (grinmint.com). @Febo. Is that chart correct? grinmint.net has 0.85 kg/s and 47.678 kg/s on the primary and secondary hashrates. Your website has 947.58 kg/s of the total grin hashrate?
2miners do only c29 (secondary). Also:  # 31k sats and things that make you go hmmm...
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I have come here to chew bubblegum and kick ass ... and I'm all out of bubblegum.
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Febo
Legendary
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Activity: 2730
Merit: 1288
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May 20, 2019, 04:24:46 PM |
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@Febo. Is that chart correct? grinmint.net has 0.85 kg/s and 47.678 kg/s on the primary and secondary hashrates. Your website has 947.58 kg/s of the total grin hashrate?
You are right that pool is 3rd https://miningpoolstats.stream/grin-c29 |
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wheelz1200
Legendary
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Activity: 3612
Merit: 1406
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May 20, 2019, 04:51:04 PM |
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I know a lot of people who turned off their miners or just switched. Hopefully this mini rebound will stick. Still watching patiently sitting on the sidelines. |
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AUruHM
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May 20, 2019, 05:57:40 PM |
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Grin is not for profit by p/d speculation. Too much mining. That's why I think it's normal that price is down. Bcz of such tokenomics has been made for no_speculation. It's another side of the stable coin by the infinitive deflation. But that's why price discussion is not important for Grin. Mass adoption, applications, other use cases, may be, something else
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wheelz1200
Legendary
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Activity: 3612
Merit: 1406
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May 20, 2019, 08:08:20 PM |
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Grin is not for profit by p/d speculation. Too much mining. That's why I think it's normal that price is down. Bcz of such tokenomics has been made for no_speculation. It's another side of the stable coin by the infinitive deflation. But that's why price discussion is not important for Grin. Mass adoption, applications, other use cases, may be, something else
Unfortunately I dont think you can untie them. People might want to jump in but see a price that might be cheaper on the horizon they are going to wait. Price will always be tied to crypto (at least for the near foreseeable future) |
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tranthidung
Legendary
Offline
Activity: 2268
Merit: 4005
Farewell o_e_l_e_o
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May 20, 2019, 11:08:04 PM |
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Finally, Grin coin bottomed out from nearly 25000 satoshis and bounced back dramatically from that bottom. Currently Grincoin has been exchanged aroudn 34000 satoshis. That means Grin coin has recovered well from its bottom. To see the bottom, it is better to use the 1-day price chart, that give us clearer overview on the long downward trend of Grin coin and a vague feeling that the coin has probably ended its downward trend. Things will be clearer and confirmed (bottom found yet or not) in the next few weeks.
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