i ll point my miner here all the week, i hope we could pass the diff.
dot is a gamble, maybe its a wast of time, mùaybe not
dev can you ask me how many coins are still be mined and how many btc have almost invest in dot, for giving me an idea .
If you are curious about the value of a coin there are many factors to consider and I don't think the amount of BTC "invested" adds any value to any coin. The number of hours a dev team spends is far more important.
Ultimately, every coin is its own financial network. What is that worth? If you were to ask VISA, MC, DISCOVER about the value of their networks you may get a very large number.
As a future minded intergalactic space banker I believe every coin (if well supported) has a multi million dollar value. KIMDOTCOIN is one of those coins. It syncs incredibly fast too (not sure if that is because of a low volume of transactions or if sa_ddam worked some TripleHeXXX magic).
From an unattached and purely speculative miner's perspective (and that's not me) I think values exchanged on xnigma.com are pretty accurate. Low volume but last trade was .0000039 which is currently around .001714 USD.
At block 18,000 there will be 9,000,000 DOT in circulation which is 1% of the entire DOT economy. At .001714 USD that would be roughly $15,426 market cap at block 18000.
If all coins were in circulation we would be looking at a $1.5 Million economy at that rate AND that is if the value never goes up in value . . . ever.
I have been mining DOT ever since the difficulty was stuck at 4. If miners are waiting until KGW implements at block 18,000 thinking the difficulty will go down, they may be surprised that other miners are waiting and we may see the difficulty truly take off as the coin beautifully evolves. So the question is how long will it drop?
.001714 US/DOT is an accurate price for covering GPU electricity mining costs of DOT. ASIC miners could sell for less, but why would they?
Personally, I think .002 US/DOT is still waaaaay too low. But I like this coin, android app, 30 sec block times, incoming KGW, KIMDOTCOM, 890M total coins, TrippleHeXXX support, New Zealand based . . . yeah, great coin.
Go ahead and pimp that android app . . . anyone can run a small business gift card program with this coin.
Update your client and watch this coin soar.
