1600 Blocks to go, the end of mining is in sight.
Waffle Pool gained 1 million White Coins overnight. They will continue to knock price down.
I really don't like multipools anymore, they destroy the value of any PoW coin.
You only realise that now? Multipools are poison.
Depend how you look at crypto.
IMO mooltipools destroy ponzi scheme in POW phase but they have also +.
The biggest one is coin distribution 100 Ghs from farm is going direct to market and dump price like rock in water.
POW part is necessary to pump price you need fresh $$ from somewhere even to pump price by multipool is not
100% price up guarantee look at NXT,BC multipool can't handle high volume when 5 ghs.
Little explanation how alt pool for POS works:
1 round pool starts 5GHS - and coin price 1000 trade volume 500 - 1%impact
2 round pool starts 5GHS - and coin price 10000 trade volume 5000.... - 0,1%impact
...and you need pay off 1st miners ass you see only 1st wave of "after" mining is most profitable
next vawes are more for support coin and it doesn't affect price so much.
Longer you play with multipool more GHS you need to be effective on price.
1 Ghs is about 5BTC.... So 6GHS is about 25 BTC when you compare it to BC volume like 3000 BTC
it is clear that multipool can not hold that volume...
When WC was traded on lvl 2000sat it was about 1000BTC volume so how much you need from WC multi-pool to be effective ?
About ~10% do 100GHS ^^ this is why BC has stopped in rapid rise.
And many alts from FAC
,C2,NXT,Mint... to Cinny all - POS want make pumping mulltipool ^^.
What you your predictions with WC price growth ? ^^
Note that WC is 24th biggest crypto with: WhiteCoin $ 1,429,735 cap ^^ this is still impresive in 13 days
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