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Author Topic: Life of Quark  (Read 1539 times)
skaffen
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March 13, 2014, 11:58:32 PM
Last edit: March 14, 2014, 01:45:54 AM by skaffen
 #1

The fairly-mined quark is still being mined at 1% 0.42% pa.  death is nowhere in sight. let's inspect the facts.

network hash rate a 750Mh/s  5.2% orphans.  Still very difficult to 51% attack

Still in the top 10 cryptocurrencies at http://coinmarketcap.com/mineable.html

Android wallet at: https://play.google.com/store/apps/details?id=hashengineering.quarkcoin.wallet
Light wallet at: http://mucowa.com/

Fast transactions.

you tell me that you cannot see the bright future?

People, Quark will be steady or even rise before you know it!
Invest in this coin that has a much longer life!

 Tongue Smiley

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Netnox
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March 14, 2014, 12:15:11 AM
 #2

+1 If a coin is going to succeed it needs to be attacked in every conceivable way and show it can't be hurt.

The community is active and won't stop. Lets reinvent money, support our cause we have over 65,000 social reach already.

Support the THUNDERCLAP
https://www.thunderclap.it/projects/9706-let-s-reinvent-money-together

DigiWorld
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March 14, 2014, 12:37:32 AM
 #3

+1
melarina
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March 14, 2014, 12:48:27 AM
 #4

The fairly-mined quark is still being mined at 1% pa.  death is nowhere in sight. let's inspect the facts.

The rate is actually 0.42% p.a.

Quote
network hash rate a 750Mh/s  5.2% orphans.  Still very difficult to 51% attack

Take qrk.coinmine.pl offline by DDOSing it and the network hashrate is 37.5Mh, very easy to 51% attack.

Quote
Still in the top 10 cryptocurrencies at http://coinmarketcap.com/mineable.html

If you were in the cohort that came to Quark thanks to Bill Still and invested $20k (based on posts in /r/quarkcoin several people did this), your investment is now worth $3,000-$4,000. I'm sure many of those people are delighted that Quark is still in the top 10 mineable currencies.

Quote

These are great developments. Now convince people to actually use them! The sum of all transaction fees in a 24hr period is about 0.5 QRK. You aren't going to convince miners to stick around if between txn fees and block rewards they stand to make at best a few cents a day. Increase the number of transaction or increase the fee. Ideally, do both. Suppose I have a bunch of QRK in my Android wallet. What can I spend them on?

Quote
Fast transactions.

Every altcoin has fast transactions. what Quark coin has is fast transaction confirmations. Unfortunately it also have a very high orphan rate which means confirmations are a lot less trustworthy than say, for example in Dogecoin, Litecoin or Bitcoin.

Quote
you tell me that you cannot see the bright future?

People, Quark will be steady or even rise before you know it!
Invest in this coin that has a much longer life!

Pump, pump, pump and pretend nothing is wrong. It's a great short term solution.
reRaise
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March 14, 2014, 01:07:18 AM
Last edit: March 14, 2014, 01:20:55 AM by reRaise
 #5

The rate is actually 0.42% p.a.
That's correct or 1,050,000 QRK

Quote
If you were in the cohort that came to Quark thanks to Bill Still and invested $20k (based on posts in /r/quarkcoin several people did this), your investment is now worth $3,000-$4,000. I'm sure many of those people are delighted that Quark is still in the top 10 mineable currencies.
This is not only a Quark thing what part don't you understand? Almost all top coins somehow crashed and went bearish. Bill is in for the long haul.

Quote
These are great developments. Now convince people to actually use them! The sum of all transaction fees in a 24hr period is about 0.5 QRK. You aren't going to convince miners to stick around if between txn fees and block rewards they stand to make at best a few cents a day. Increase the number of transaction or increase the fee. Ideally, do both. Suppose I have a bunch of QRK in my Android wallet. What can I spend them on?
Well just have patience, it's not a 1 night magic thing alright? These are the current list of Merchant http://www.qrk.cc/merchants/, i'm sure more will follow. I bought clothing and jewellery with my Quarks already and increasing the fee isn't something that can't be done.

Quote
Every altcoin has fast transactions. what Quark coin has is fast transaction confirmations. Unfortunately it also have a very high orphan rate which means confirmations are a lot less trustworthy than say, for example in Dogecoin, Litecoin or Bitcoin.
An advantage of Quark might be, in this case it was compared with darkcoin, Darkcoin's block generation time is 2.5minutes (150seconds), while Quark is 30 seconds. Which means that Quarks algorithm with an element of randomness (unpredictability) will have to be cracked in 30 seconds to create a double-spend fork, while for Darkcoin this window of opportunity for the attacker is 5 timeslonger: 150 seconds with no element of randomness**.

** Quark is using 9 rounds of hashing: while using 6 rounds from Blake, Blue Midnight Wish, Grøstl, JH, Keccak and Skein it adds 3 more rounds of hashing randomly: so the computer doesn't know whether it will be Keccak or Grøstl or Blake. And that's one of the uniqiue beauties of Quark. Unfortunately, Darkcoin or Qubitcoin don't do that: the computer remains certain about which hashing function will be used. If you take all these factors into account, Quark is still the most secure - it's not only about the number of hashing functions."

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Pump, pump, pump and pretend nothing is wrong. It's a great short term solution.
Potential Cryptos can be pumped why not, promotion is as much as important as it's features and can't be ignored.
skaffen
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March 14, 2014, 01:53:58 AM
 #6

Updated mine %, thanks for the correction.

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mcphervi
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March 14, 2014, 02:12:20 AM
 #7

+1 If a coin is going to succeed it needs to be attacked in every conceivable way and show it can't be hurt.

The community is active and won't stop. Lets reinvent money, support our cause we have over 65,000 social reach already.

Support the THUNDERCLAP
https://www.thunderclap.it/projects/9706-let-s-reinvent-money-together



+1 Support the THUNDERCLAP
https://www.thunderclap.it/projects/9706-let-s-reinvent-money-together
rockstar888
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March 14, 2014, 02:14:59 AM
 #8

The fairly-mined quark is still being mined at 1% 0.42% pa.  death is nowhere in sight. let's inspect the facts.

network hash rate a 750Mh/s  5.2% orphans.  Still very difficult to 51% attack

Still in the top 10 cryptocurrencies at http://coinmarketcap.com/mineable.html

Android wallet at: https://play.google.com/store/apps/details?id=hashengineering.quarkcoin.wallet
Light wallet at: http://mucowa.com/

Fast transactions.

you tell me that you cannot see the bright future?

People, Quark will be steady or even rise before you know it!
Invest in this coin that has a much longer life!

 Tongue Smiley

whhaaaat?

750Mh/s?  2 guys with a pool can 51% attack that already.

top 10 now, cause people don't know the pending death. watch it, one of these nights. 90% drop cause of 51% attack, if I were you, I cash in now.
buy MEGACOINS. Now that's a REAL coin.
testz
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March 14, 2014, 03:32:50 AM
 #9

+1  Smiley

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cryptohunter
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March 14, 2014, 04:14:30 AM
 #10

The fairly-mined quark is still being mined at 1% 0.42% pa.  death is nowhere in sight. let's inspect the facts.

network hash rate a 750Mh/s  5.2% orphans.  Still very difficult to 51% attack

Still in the top 10 cryptocurrencies at http://coinmarketcap.com/mineable.html

Android wallet at: https://play.google.com/store/apps/details?id=hashengineering.quarkcoin.wallet
Light wallet at: http://mucowa.com/

Fast transactions.

you tell me that you cannot see the bright future?

People, Quark will be steady or even rise before you know it!
Invest in this coin that has a much longer life!

 Tongue Smiley

whhaaaat?



750Mh/s?  2 guys with a pool can 51% attack that already.

top 10 now, cause people don't know the pending death. watch it, one of these nights. 90% drop cause of 51% attack, if I were you, I cash in now.
buy MEGACOINS. Now that's a REAL coin.

Megacoin is nothing to qrk end of story. When qrk implements pos expect huge gains... from then onward and upward. Megacoin is okay. I would recommend at least 7 coins above that.




1. LTC
2. QRK
3. DOGE
4. PPC


those are clearly all bigger and better than megacoin.


i would also from an investment perspective put

CGB
DMD


above mec since any of those could give me 10x returns over mec, since they are way under value.

Mec and dgc are around about 7th 8th


QRK with POS will be even stronger. I will rate it number 1 after this happens.

DigiWorld
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March 14, 2014, 04:34:26 AM
 #11

The fairly-mined quark is still being mined at 1% 0.42% pa.  death is nowhere in sight. let's inspect the facts.

network hash rate a 750Mh/s  5.2% orphans.  Still very difficult to 51% attack

Still in the top 10 cryptocurrencies at http://coinmarketcap.com/mineable.html

Android wallet at: https://play.google.com/store/apps/details?id=hashengineering.quarkcoin.wallet
Light wallet at: http://mucowa.com/

Fast transactions.

you tell me that you cannot see the bright future?

People, Quark will be steady or even rise before you know it!
Invest in this coin that has a much longer life!

 Tongue Smiley

whhaaaat?



750Mh/s?  2 guys with a pool can 51% attack that already.

top 10 now, cause people don't know the pending death. watch it, one of these nights. 90% drop cause of 51% attack, if I were you, I cash in now.
buy MEGACOINS. Now that's a REAL coin.

Megacoin is nothing to qrk end of story. When qrk implements pos expect huge gains... from then onward and upward. Megacoin is okay. I would recommend at least 7 coins above that.




1. LTC
2. QRK
3. DOGE
4. PPC


those are clearly all bigger and better than megacoin.


i would also from an investment perspective put

CGB
DMD


above mec since any of those could give me 10x returns over mec, since they are way under value.

Mec and dgc are around about 7th 8th


QRK with POS will be even stronger. I will rate it number 1 after this happens.

Is QRK with PoS ongoing project? I think it will be great.
skaffen
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March 14, 2014, 09:25:32 AM
 #12

POS?  I'm not sure that's a good thing for value, put if it strengthens the network it must be good from a security standpoint at least.

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reRaise
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March 14, 2014, 10:34:31 AM
 #13

POS is one way of changing the miner's incentives in favor of higher network security. Things can be changed, but i'm not a developer.
Netnox
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March 14, 2014, 11:33:52 AM
Last edit: March 14, 2014, 11:50:16 AM by Netnox
 #14

Can someone elaborate more on POS? So it gives more mining incentive, is there a downside to it?
skaffen
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March 15, 2014, 10:09:54 AM
 #15

Can someone elaborate more on POS? So it gives more mining incentive, is there a downside to it?

https://en.bitcoin.it/wiki/Proof_of_Stake
http://en.wikipedia.org/wiki/Proof-of-stake

Proof of Stake (POS), it's an alternative way to secure the network. 

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