[ANN] (WC) | WhiteCoin | BIG NEWS: Foundation, investors & more ☯ whitecoin.info

[dr.octopus]

are we seeing 700 as the floor? am waiting to go deeper

Hope for < 600 sat. =)

hope if it goes that way.. and i am buying more

[betotrader]

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

[heartastack]

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

Right now a million coins are mined per hour until the total coins are found. That's PoW or distribution phase. When it stops no new coins are created. So the only way to get coins will be to buy them. The selling will not come from miners who need to dump the market go convert to bitcoin to pay their power consumption and take profits of their own.

[Stratobitz]

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

Right now a million coins are mined per hour until the total coins are found. That's PoW or distribution phase. When it stops no new coins are created. So the only way to get coins will be to buy them. The selling will not come from miners who need to dump the market go convert to bitcoin to pay their power consumption and take profits of their own.

Except that the majority of coins mined are auto dumped immediately by the large pools. They make up for the majority of coins sold during the mining phase.

[cointradero]

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

Currently, the coin is mineable for 2.5 more days.  Right now, at least 50% of the hashpower is being provided by multipools that immediately sell the coin on an exchange and exchange it for BTC or BC or whatever they pay out their members in.  So currently, there is a major selling pressure from these pools.  When mining ends, there will be a multipool option that does the same thing but pays out in whitecoin.  Thus, all the other coins they mine will be sold on exchanges and whitecoin will be purchased.  As there are no more coins being dumped by other multipools onto the exchange, the only coins available will be ones people are willing to sell from their own stash.  

As long as the Multipool is large enough, the buying support typically will drive the price of the coin up, in theory.  If more people decide to dump it then the mining pool can buy in a given day (or other people interested in owning it), then the price will go down.  But in either case, there is no new coins being created, thus no mining profit sell pressure.  

[insanid]

looks like there's a temporary pause in the selling of WC. sellers getting tired of clicking the sell button repetitively throughout the day

[chunkypools]

If you're looking for consistent returns on whitecoin from a reliable pool, give chunkypools.com/wc a try. The moment mining on whitecoin ends, our whitecoin pool will become a profit switching multipool that pays out in whitecoin. We're the first winners of whitecoinpool.com!

We're proud to offer:

• A very supportive and fun loving community
• A custom user interface
• A multicoin wallet and multiport
• Our own trading group (mining with us grants you membership!

We'll be issuing a detailed statement on how our whitecoin multipool fund will be managed well before the mining phase ends.

[cleanbaldy]

looks like there's a temporary pause in the selling of WC. sellers getting tired of clicking the sell button repetitively throughout the day

Not enough buyers to combat the multipool bots, so why try alone?  Everyone is holding their coins.  I love it.  

It's only low from non-human influence.   But, nobody is budging.  

Stability. Love it.

[cindereynolds]

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

Right now a million coins are mined per hour until the total coins are found. That's PoW or distribution phase. When it stops no new coins are created. So the only way to get coins will be to buy them. The selling will not come from miners who need to dump the market go convert to bitcoin to pay their power consumption and take profits of their own.

Except that the majority of coins mined are auto dumped immediately by the large pools. They make up for the majority of coins sold during the mining phase.

Large pools dumping is letting more people buy in cheaply though. They might still be dumping a week after pow ends though. I know a lot of people think that after pow phase ends the price will skyrocket. It will take a few weeks at least for the effects to be seen.

So many people in here are too anxious. Those are the weak hands, they'll sell too cheap because they always do. It's that born to lose mentality.

[blackvoice]

What it the relationship between WC and BC

Does WC copy from BC

[insanid]

looks like there's a temporary pause in the selling of WC. sellers getting tired of clicking the sell button repetitively throughout the day

Not enough buyers to combat the multipool bots, so why try alone?  Everyone is holding their coins.  I love it.  

It's only low from non-human influence.   But, nobody is budging.  

Stability. Love it.

Well, it's a much needed resting period from all that selling. Queue the spectators calling floor even though they have absolutely no idea where the floor will be. I sure hope waffle ends up allowing a 50/50 payout system in the near future. It will surely help alleviate the problems with their current system of excessive and frequent dumping of alts.

[roastbeef]

Our ChunkyPort is now mining WhiteCoin! Once PoW stage is over, we will continue paying out in WC, in the same fashion as blackcoinpool, so go ahead and claim your spot with us.

ChunkyPort: us-east.chunkypools.com:6666
                   europe.chunkypools.com:6666

Whitecoin direct port: us-east.chunkypools.com:3337
                                europe.chunkypools.com:3337

new feature: view all coin balances on a single page



Why mine at Chunky?

• ChunkyPort: mine the hottest coins without changing ports
• 1% prop payout
• We have SSL for users' password security
• We have a slick MPOS custom layout
• We have a decent-sized, noob-friendly, super-helpful community in #chunky on freenode
• We eat our own dogfood! We are miners!

home: https://chunkypools.com/
wc home: http://whitecoinpool.com/

[heartastack]

The whole alt market is terrible this week. Only karma coin has doubled my profits lol

[yanlei2002]

You only have to do a very few things right in your life so long as you don't do too many things wrong.
------Warren Buffett

[cindereynolds]

What it the relationship between WC and BC

Does WC copy from BC

No, WC is not copy or a clone of blackcoin.

White Coin :
  Scrypt
  Total Coins: 300,000,000
  Block Reward: 30000
  Total Blocks: 10000
  POS After Block: 10000
  Premine 0.78% for Dev support, and future development.

Block Time: 1.5 Minutes
Difficulty Retarget: every block
Confirmations on Transactions: 7
Confirmations on Mined Blocks: 350
Fees: Minimum transaction fee of 0.00005 WC
Stake Interest: 2% annually

Black Coin :
  Scrypt
  Total Coins: 74,000,000
  Block Reward: 10000
  Total Blocks: 10000
  NO PREMINE (but badly distributed)

Block Time: 1 Minute
Difficulty Retarget: every block
Confirmations on Transactions: 10
Confirmations on Mined Blocks: 500
Fees: Minimum transaction fee of 0.00005 BC
Stake Interest: 1% annually

[DssTech]

HASHING.AT

Proudly Presents

WhiteCoin

PPLNS - STRATUM - VARDIFF

WC.Hashing.AT


http://i62.tinypic.com/212797a.png

2014 @ HASHING.AT

Our Pool Sites are managed by DataCenter Admins.

Only Couple days left come Join US. Enjoy all the New Coins and Security we have deployed.

We ONLY Host Coins are Members ask us to.

[coine_smithe]

Noob to the forum here (well, I've been reading it on and off for quite a while now - so not a total noob I guess). Thought I'd share my design ideas for whitecoin - I'm a graphic designer by trade so thought I'd chip in - anything to help make the coin a success! Let me know your thoughts or if you'd like to see any amends.

Cheers
Nate

best imo

Please change the logo to this now. This is MUCH better. As good as Blackcoin's IMO and really captures the "White" theme.

[virtualfaqs]

What it the relationship between WC and BC

Does WC copy from BC

No, WC is not copy or a clone of blackcoin.

White Coin :
  Scrypt
  Total Coins: 300,000,000
  Block Reward: 30000
  Total Blocks: 10000
  POS After Block: 10000
  Premine 0.78% for Dev support, and future development.

Block Time: 1.5 Minutes
Difficulty Retarget: every block
Confirmations on Transactions: 7
Confirmations on Mined Blocks: 350
Fees: Minimum transaction fee of 0.00005 WC
Stake Interest: 2% annually

Black Coin :
  Scrypt
  Total Coins: 74,000,000
  Block Reward: 10000
  Total Blocks: 10000
  NO PREMINE (but badly distributed)

Block Time: 1 Minute
Difficulty Retarget: every block
Confirmations on Transactions: 10
Confirmations on Mined Blocks: 500
Fees: Minimum transaction fee of 0.00005 BC
Stake Interest: 1% annually

You forgot to mention you can't have both wallets open simultaneously.

[heartastack]

Current logo is shite, makes it look like a copy/paste that everyone is accusing. Choose the elegant design above pls.

[virtualfaqs]

So if WC ever hits 1000, Wafflepool will come back?