jd1959
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August 05, 2014, 03:13:05 PM |
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Why would a rogue miner kill his/their own golden goose slowly? How many coins can they dump daily? I think some "weak hands" have been slowly dumping off as it is hard to compete with the community supporting XMR (more liquidity). That and most traders buy high and sell low especially in the new coin market. It goes beyond traditional analysis. More people need to know about BBR. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not buying that the dump is purely down to weak hands. Why would a weak hand dump when the price and buy interest rises? Maybe for a rogue miner using say a huge botnet, BBR isn't a golden goose they can afford to wait on. The imperative may be to convert to BTC/ fiat asap, while the going is good, rather than sit on evidence of criminal activity. According to calendar I saw, there is 10 new coins due for release this week........big miners tend to strike early when the rewards are largest. Sell out when reward decreases and move onto the next new thing
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dICO Disguised Instant Cash Out
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shojayxt
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August 05, 2014, 03:21:34 PM |
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our coin was hurt much by cbuchner/pttx private GPU miner(now we have open source GPU, it was released just more than week ago)
to be fair, it's probably better that he sells them as they come. it's a constant damper on the price but we'd have no future at all if he decided to just hold whatever huge amount of coins he mined! We were a team of four, and only two of us had the knowledge to run AWS farms. I never rented any AWS servers myself (surprise?) We sold off the majority of what we mined to cover operating costs, to limit risk and to secure profits - making us no different from any most other miners. Our big scale farming operations are now pretty much shut down due to lack of profitability. Some of us still do home mining with 750 Ti's or other gear. I still hold 15000 BBR as a long term investment. Yeah.... And you still have not released your miner ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) cbuchner1 stated that he would release the GPU miner once stratum pool support was finished. He didn't. Where I come from when you say you're going to do something and then don't that's called a lie. It is what it. I stated in another post that cbuchner1 has the right to do whatever he wants with his miner. He also has the right to lie if he wishes. I guess he wishes to keep his miner private and lie about releasing it.
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shojayxt
Legendary
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August 05, 2014, 03:25:48 PM |
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In my view there is a 'rogue miner' (I don't believe it's cbuchner1) mining a VERY large % of BBR and mass dumping them on Poloniex.
It doesn't have to be a miner. Could be an investor who has had enough. Looking at the longterm difficulty chart it seems apparent that rental farm miners are currently pulling out: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpRBhKUX.png&t=665&c=vFWh4Ry4XTsSOQ) I like this trend, as it means my little home farm will find more blocks. Christian And now you mock. Piss off.
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dga
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August 05, 2014, 03:50:23 PM |
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cbuchner1 stated that he would release the GPU miner once stratum pool support was finished. He didn't. Where I come from when you say you're going to do something and then don't that's called a lie. It is what it. I stated in another post that cbuchner1 has the right to do whatever he wants with his miner. He also has the right to lie if he wishes. I guess he wishes to keep his miner private and lie about releasing it.
Mine is apparently faster, and I haven't released it. Am I the devil, too? And it's not just BBR, XMR had 10x faster CPU miners within a week of launch, as I've said before. Bad, wicked, naughty zoot! ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.freebsd.org%2Fgifs%2Fdaemon_hammer.jpg&t=665&c=iEp406BSshJW_Q)
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damashup
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August 05, 2014, 04:20:12 PM |
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I think it's definitely a rogue miner. Check Poloniex now, and the timings of sells that took the price from 0.000265 to 0.0002. Definitely not the actions of a rational seller.
This focus on mining hides the real issue. Let's do a thought experiment with Bitcoin: Imagine that there was a "rogue miner" selling their BTC for USD the second they mined it. Further, assume they controlled 75% of the daily creation of bitcoin. That would be 2700 BTC/day "dumped". In comparison, Bitstamp alone has been doing 4947 BTC/day of BTC-USD volume, and they're only one of the exchanges: http://bitcoincharts.com/markets/currency/USD.htmlThat "rogue miner" would barely budge the price of BTC. Boolberry, in contrast, is currently in a very fast inflationary period in terms of the number of coins created per day compared to the already existing supply. This is about liquidity, excitement, and "buy support", not mining. There's no difference between a miner selling 100 bbr and someone who held it before selling it. Address the underlying reason, not the most immediate source of the coins: You have to convince more people to buy and hold (and better yet - use! :-) more boolberry as time goes on, or the price *will* naturally decrease. Time is evil. The only way it helps is that over time, more people get to know about the coin. Beg to differ... someone 'dumping' 2700 BTC per day (for weeks) on Bitstamp in the same fashion as being done for BBR on Poloniex would absolutely deflate the price of Bitcoin. Buyers will cotton on and wait for lower prices. Day traders would short BTC. Weak hands would panic. No amount of liquidity is going to convince people to buy today something they can get cheaper tomorrow. People holding BTC wouldn't be the issue. The market will be governed by new buyers (wishing to buy cheaply) and the rogue miner dumping 2700 BTC without regard for price. No. Daily BTC created: 3600 Daily BTC transaction volume: 100,000 (100k - I'm using the american form of the comma) Daily BTC/USD exchange volume: Over 12k / day BTC in existence: 13,102,325 (I say "over" because many sources are not public, such as Coinbase's) Daily BBR created: 12000 (roughly) Daily BBR transaction volume: 28,000 Poloniex transaction volume today: 56,000 BBR in existence: 974,305 So: today, the number of bitcoin in existence will go up by 0.02% Today, BBR will add roughly 1.2% to its total (this same analysis applies roughly to xmr and other coins created around the same time). If there's demand for *new holdings* of more than 12k BBR / day at the current price, the price will go up. If there's demand for less, the price will go down. The key words being "current price" - I'd argue if someone is systematically dumping 2700 of 3600 BTC created daily, the current price will fall as buyers (and perhaps more importantly, day traders) would adjust their behaviour accordingly. But we can agree to disagree.
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tifozi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2014, 04:33:51 PM |
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Why would a rogue miner kill his/their own golden goose slowly? How many coins can they dump daily? I think some "weak hands" have been slowly dumping off as it is hard to compete with the community supporting XMR (more liquidity). That and most traders buy high and sell low especially in the new coin market. It goes beyond traditional analysis. More people need to know about BBR. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not buying that the dump is purely down to weak hands. Why would a weak hand dump when the price and buy interest rises? Maybe for a rogue miner using say a huge botnet, BBR isn't a golden goose they can afford to wait on. The imperative may be to convert to BTC/ fiat asap, while the going is good, rather than sit on evidence of criminal activity. Rogue miner seems like a very broad brush. Why would a rogue miner bother to mine such an unprofitable coin? Even if their costs are zero, they would be making more money mining XMR or other coins for that matter. The number of coins dumped in the last 2 weeks indicate speculators leaving, even if it means short term exit. When you dump to this level there has got to be other factors playing and we can only guess about some of this. It isn't just Option 1 or Option 2. The fundamentals have not changed and there is increased level of awareness. Good for new entrants really. Christian, let's play with the team, yo ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) You have had your fun. You can only make this better with everyone else playing with you ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) @Wolf0 -> I know you are just releasing in a slightly delayed scale and that's fine. It will be hard for average miners to keep up with you test releases as they seem to change quite often.
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damashup
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2014, 04:37:58 PM |
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I think it's definitely a rogue miner. Check Poloniex now, and the timings of sells that took the price from 0.000265 to 0.0002. Definitely not the actions of a rational seller.
This focus on mining hides the real issue. Let's do a thought experiment with Bitcoin: Imagine that there was a "rogue miner" selling their BTC for USD the second they mined it. Further, assume they controlled 75% of the daily creation of bitcoin. That would be 2700 BTC/day "dumped". In comparison, Bitstamp alone has been doing 4947 BTC/day of BTC-USD volume, and they're only one of the exchanges: http://bitcoincharts.com/markets/currency/USD.htmlThat "rogue miner" would barely budge the price of BTC. Boolberry, in contrast, is currently in a very fast inflationary period in terms of the number of coins created per day compared to the already existing supply. This is about liquidity, excitement, and "buy support", not mining. There's no difference between a miner selling 100 bbr and someone who held it before selling it. Address the underlying reason, not the most immediate source of the coins: You have to convince more people to buy and hold (and better yet - use! :-) more boolberry as time goes on, or the price *will* naturally decrease. Time is evil. The only way it helps is that over time, more people get to know about the coin. Beg to differ... someone 'dumping' 2700 BTC per day (for weeks) on Bitstamp in the same fashion as being done for BBR on Poloniex would absolutely deflate the price of Bitcoin. Buyers will cotton on and wait for lower prices. Day traders would short BTC. Weak hands would panic. No amount of liquidity is going to convince people to buy today something they can get cheaper tomorrow. People holding BTC wouldn't be the issue. The market will be governed by new buyers (wishing to buy cheaply) and the rogue miner dumping 2700 BTC without regard for price. It's all about the market perception isn't it? At the moment Bitcoin is becoming more and more popular, with new businesses accepting it everyday. If someone started dumping even 3,000 bitcoin per day, would everyone start selling? A rational actor has to run the logic; is the current selling enough to overcome Bitcoin's growing popularity and potential? Many people would in fact hold, because dumping might be the worst possible thing you could do. Once the price rises many large buyers (banks and governments) would start buying faster, because the days of cheap Bitcoin are over. This has to at least factor into your analysis before following the miners into a dump, most of whom are probably dumping in this scenario because of the need to pay bills and equipment costs, rather than for any major speculative reason. It doesn't take everyone to start selling for the price to drop. It only takes one person to systematically dump (at 3000 BTC a day) and for day traders and buyers to adjust their behaviour accordingly.
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damashup
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2014, 04:41:15 PM |
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Why would a rogue miner kill his/their own golden goose slowly? How many coins can they dump daily? I think some "weak hands" have been slowly dumping off as it is hard to compete with the community supporting XMR (more liquidity). That and most traders buy high and sell low especially in the new coin market. It goes beyond traditional analysis. More people need to know about BBR. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not buying that the dump is purely down to weak hands. Why would a weak hand dump when the price and buy interest rises? Maybe for a rogue miner using say a huge botnet, BBR isn't a golden goose they can afford to wait on. The imperative may be to convert to BTC/ fiat asap, while the going is good, rather than sit on evidence of criminal activity. According to calendar I saw, there is 10 new coins due for release this week........big miners tend to strike early when the rewards are largest. Sell out when reward decreases and move onto the next new thing How many of those new coins use the Wild Keccak Algorithm?
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damashup
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2014, 05:01:45 PM |
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Why would a rogue miner kill his/their own golden goose slowly? How many coins can they dump daily? I think some "weak hands" have been slowly dumping off as it is hard to compete with the community supporting XMR (more liquidity). That and most traders buy high and sell low especially in the new coin market. It goes beyond traditional analysis. More people need to know about BBR. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not buying that the dump is purely down to weak hands. Why would a weak hand dump when the price and buy interest rises? Maybe for a rogue miner using say a huge botnet, BBR isn't a golden goose they can afford to wait on. The imperative may be to convert to BTC/ fiat asap, while the going is good, rather than sit on evidence of criminal activity. Rogue miner seems like a very broad brush. Why would a rogue miner bother to mine such an unprofitable coin? Even if their costs are zero, they would be making more money mining XMR or other coins for that matter. The number of coins dumped in the last 2 weeks indicate speculators leaving, even if it means short term exit. When you dump to this level there has got to be other factors playing and we can only guess about some of this. It isn't just Option 1 or Option 2. The fundamentals have not changed and there is increased level of awareness. Good for new entrants really. Christian, let's play with the team, yo ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) You have had your fun. You can only make this better with everyone else playing with you ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) @Wolf0 -> I know you are just releasing in a slightly delayed scale and that's fine. It will be hard for average miners to keep up with you test releases as they seem to change quite often. Why this coin? Maybe this is the most profitable coin that uses the Wild Keccak PoW Algorithm? I neither know nor care. Studying the data (like I have) leads me to the conclusion that there is someone (maybe a group acting in cohorts, doesn't matter), systematically dumping on Poloniex. The patterns are consistent with someone mining cheap coins and dumping with little regard for the price. There is nothing to suggest this is speculators independently dumping the coin. The price will continue to fall until the rogue miner (as I call them) stops dumping. That's my take, do with that info, what you may.
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dga
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2014, 05:19:47 PM |
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Dunno if I want to release the stratum CUDA miner, it's fun being the only one with 770 - 780kh/s out of a 750Ti @ stock.
sigh. You're making me want even more to team up with someone to collect anecdotes from miners about this kind of stuff. Someone should write a book in a year or two about the economics and technological dynamics of the alt-coin mining scene. It's great stuff. I haven't been involved in a coin yet where someone didn't have a 4x advantage or more at some point. PTS, RIC, XMR, BBR, you name it. People should have *seen* the gleeful chat in ypool when jh00 let a few people beta test the ypool miner before he released it publicly. BBR was, oddly enough, one of the more fair ones, simply because the CPU implementation of Wild Keccak was pretty reasonable. The GPU gap was decent, but certainly not worse than other coins. But, seriously, the long game isn't about mining. There's short term money in mining, of course, but that's not really the fundamental thing going on. The market and the technology drives the miners, not the other way around. That's the beauty of the mining difficulty feedback loop: Mining shouldn't be profitable (at least, beyond any other application of capital). The only catch to that is that in the early days, the miners are often the first people to get interested in the coin, but in the long term, (we) techno weenies should become almost irrelevant, if the technology is to succeed on any major scale.
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alani123
Legendary
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Leading Crypto Sports Betting & Casino Platform
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August 05, 2014, 05:22:14 PM |
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So why is the price falling again?
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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shojayxt
Legendary
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August 05, 2014, 06:17:46 PM |
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our coin was hurt much by cbuchner/pttx private GPU miner(now we have open source GPU, it was released just more than week ago)
to be fair, it's probably better that he sells them as they come. it's a constant damper on the price but we'd have no future at all if he decided to just hold whatever huge amount of coins he mined! We were a team of four, and only two of us had the knowledge to run AWS farms. I never rented any AWS servers myself (surprise?) We sold off the majority of what we mined to cover operating costs, to limit risk and to secure profits - making us no different from any most other miners. Our big scale farming operations are now pretty much shut down due to lack of profitability. Some of us still do home mining with 750 Ti's or other gear. I still hold 15000 BBR as a long term investment. Yeah.... And you still have not released your miner ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) cbuchner1 stated that he would release the GPU miner once stratum pool support was finished. He didn't. Where I come from when you say you're going to do something and then don't that's called a lie. It is what it. I stated in another post that cbuchner1 has the right to do whatever he wants with his miner. He also has the right to lie if he wishes. I guess he wishes to keep his miner private and lie about releasing it. Mine is apparently faster, and I haven't released it. Am I the devil, too? And it's not just BBR, XMR had 10x faster CPU miners within a week of launch, as I've said before. No you're not the devil. You are under no obligation to release anything. You never said you would. Neither is cbuchner1. I have stated as much in previous posts. You guys deserve to profit from your work. I have no problem with that. My issue is with an individual saying they will release a miner once pool stratum support is developed. Well it was developed and the miner wasn't released. I even donated to the bounty and I don't even mine with Nvidia cards. I thought it was in the best interest of the coin to get a GPU miner released. Then said individual basically taunts everyone by saying that they're glad for the downward trend because their little home farm will find more blocks. That's pretty crappy. I consider myself a speculator and as such I know the risks I am taking. But I base those risks off of the information I have available. I speculated that an open source GPU miner would be good for the distribution and stability of BBR. I contributed to a bounty that was to be given to an individual that stated they would release their miner once the pool support was done. They did not follow through on what they said. Therefore the information I had available was bad information. Regardless, I haven't suffered any losses due to this and even if I did the only individual that would bear responsibility would be myself. I'm a grown man and responsible for the things I do. My issue is with people not doing what they say they are going to do and then putting icing on the cake and mocking the people in this thread. You can release your miner or not release your miner. That's your choice. However I don't see much value in not releasing it since this coin is going to die unless the distribution starts to balance out more and more people are able to mine it and actually have a chance at getting coins. Soon there won't be any buyers on the exchanges so you won't be able to sell the coins you mine anyway. You can only dump a coin so low before it won't come back and I think that we are getting close to that point.
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tifozi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2014, 06:26:41 PM |
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Why would a rogue miner kill his/their own golden goose slowly? How many coins can they dump daily? I think some "weak hands" have been slowly dumping off as it is hard to compete with the community supporting XMR (more liquidity). That and most traders buy high and sell low especially in the new coin market. It goes beyond traditional analysis. More people need to know about BBR. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not buying that the dump is purely down to weak hands. Why would a weak hand dump when the price and buy interest rises? Maybe for a rogue miner using say a huge botnet, BBR isn't a golden goose they can afford to wait on. The imperative may be to convert to BTC/ fiat asap, while the going is good, rather than sit on evidence of criminal activity. Rogue miner seems like a very broad brush. Why would a rogue miner bother to mine such an unprofitable coin? Even if their costs are zero, they would be making more money mining XMR or other coins for that matter. The number of coins dumped in the last 2 weeks indicate speculators leaving, even if it means short term exit. When you dump to this level there has got to be other factors playing and we can only guess about some of this. It isn't just Option 1 or Option 2. The fundamentals have not changed and there is increased level of awareness. Good for new entrants really. Christian, let's play with the team, yo ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) You have had your fun. You can only make this better with everyone else playing with you ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) @Wolf0 -> I know you are just releasing in a slightly delayed scale and that's fine. It will be hard for average miners to keep up with you test releases as they seem to change quite often. Why this coin? Maybe this is the most profitable coin that uses the Wild Keccak PoW Algorithm? I neither know nor care. Studying the data (like I have) leads me to the conclusion that there is someone (maybe a group acting in cohorts, doesn't matter), systematically dumping on Poloniex. The patterns are consistent with someone mining cheap coins and dumping with little regard for the price. There is nothing to suggest this is speculators independently dumping the coin. The price will continue to fall until the rogue miner (as I call them) stops dumping. That's my take, do with that info, what you may. Seems like you care a lot. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Which is ok. I would rather try to dig deeper than just say Option 1, no Option 2. Are you saying this "rogue miner" has found an exploit in Wild Keccak and is producing more coins than through OpenCL/GPU/CPU/publicly available miners ? For some reason I thought you were insinuating towards botnet ops which wouldn't make sense, since there are plenty of coins, not just XMR, which are far more profitable with botnets. It seems like this is not what you meant. Let's keep this debate going. I appreciate your input.
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superplus
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2014, 06:46:34 PM |
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Why would a rogue miner kill his/their own golden goose slowly? How many coins can they dump daily? I think some "weak hands" have been slowly dumping off as it is hard to compete with the community supporting XMR (more liquidity). That and most traders buy high and sell low especially in the new coin market. It goes beyond traditional analysis. More people need to know about BBR. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Not buying that the dump is purely down to weak hands. Why would a weak hand dump when the price and buy interest rises? Maybe for a rogue miner using say a huge botnet, BBR isn't a golden goose they can afford to wait on. The imperative may be to convert to BTC/ fiat asap, while the going is good, rather than sit on evidence of criminal activity. Rogue miner seems like a very broad brush. Why would a rogue miner bother to mine such an unprofitable coin? Even if their costs are zero, they would be making more money mining XMR or other coins for that matter. The number of coins dumped in the last 2 weeks indicate speculators leaving, even if it means short term exit. When you dump to this level there has got to be other factors playing and we can only guess about some of this. It isn't just Option 1 or Option 2. The fundamentals have not changed and there is increased level of awareness. Good for new entrants really. Christian, let's play with the team, yo ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) You have had your fun. You can only make this better with everyone else playing with you ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) @Wolf0 -> I know you are just releasing in a slightly delayed scale and that's fine. It will be hard for average miners to keep up with you test releases as they seem to change quite often. Dunno if I want to release the stratum CUDA miner, it's fun being the only one with 770 - 780kh/s out of a 750Ti @ stock. but its going to be not profitable if this trend continues? i guess you are not going to hold any bbr, and don't care about the trend..
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Anotheranonlol
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2014, 07:06:25 PM |
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Rogue miner seems like a very broad brush. Why would a rogue miner bother to mine such an unprofitable coin? Even if their costs are zero, they would be making more money mining XMR or other coins for that matter.
I don't believe it's a botnet, I suppose it could be a buyer looking to accumulate qty as cheaply as possible, but they would presumably understand there becomes a point where the price drops so low- catching a continuously falling knife seems like a losing proposition, miners have more profitable ventures to chase, buyers become disheartened totally- the coin can be seen as dead in the market and very tricky to revive at that point. Don't think any rational person interested in increasing BBR holdings would be making such a move in that case. I wouldn't beleive it's few entities looking to exit totally either, anyone (especially someone with quantity to sell) can see the buy support is paltry and would definitely be better served selling off-market than dragging the price down gradually. Could be jealous older brother who has always disliked younger brother BBR and wants to switch life support off, with younger bro out the way spotlight is fully on them, It does not take much to kill the coin at this rate. An interesting experiment would be to wipe the orderbooks out to 0.0000x range and see what happens. We already are @ -3550% XMR market cap, despite this being the stronger coin in a number of ways. It shouldn't be such an uphill battle but it will be.
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tifozi
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August 05, 2014, 07:38:24 PM |
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Rogue miner seems like a very broad brush. Why would a rogue miner bother to mine such an unprofitable coin? Even if their costs are zero, they would be making more money mining XMR or other coins for that matter.
I don't believe it's a botnet, I suppose it could be a buyer looking to accumulate qty as cheaply as possible, but they would presumably understand there becomes a point where the price drops so low- catching a continuously falling knife seems like a losing proposition, miners have more profitable ventures to chase, buyers become disheartened totally- the coin can be seen as dead in the market and very tricky to revive at that point. Don't think any rational person interested in increasing BBR holdings would be making such a move in that case. I wouldn't beleive it's few entities looking to exit totally either, anyone (especially someone with quantity to sell) can see the buy support is paltry and would definitely be better served selling off-market than dragging the price down gradually. Could jealous older brother who has always disliked younger brother BBR and wants to switch life support off,be with younger bro out the way spotlight is fully on them, It does not take much to kill the coin at this rate. An interesting experiment would be to wipe the orderbooks out to 0.0000x range and see what happens. We already are @ -3550% XMR market cap, despite this being the stronger coin in a number of ways. It shouldn't be such an uphill battle but it will be. LOL, why would BBR be a threat? especially when there are other, self proclaimed anonymous coins, that have a much higher valuation than BBR. I am sorry, it doesn't make any sense. You can see smooth posted earlier in this thread although not sure why he wanted Christian to keep the miner private. IMO he should have discouraged it. But he follows the coin I am guessing. tacotime also has a BBR alias registered in his name. I also know at least a few other XMR holders who also like BBR. Yes they don't exclusively "push" BBR, but can you blame them? It is economics after all. I am sorry this is a wild theory. But as I typed this, I can see where you are coming from. Sorry if I sounded more dismissive.
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hornyPo
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August 05, 2014, 07:49:03 PM |
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Most people searching for someone culprit, when something happen what there don´t like. Like a falling price in his own investment. They say it must be cbuchner1, Darkota the FUD Troll, the Poloniex Trollbox, or a Botnet. And if it not one of that then it must be a phantom like a rogue miner or a backdoor in Wild Keccak Algorithm. It´s tough to accept that is a question of supply and demand.
And like dga says, Boolberry has a hight inflation now.
On this stage Boolberry is highly speculative like all other Alt-coins, and not suitable outside of the cryptoworld.
This is alpha software an need time to develop and find usefulness in outside the cryptoworld.
All money that is inside boolberry now is pure speculative money. A Market Cap of 125K US$ in 2 and 1/2 months is a lot in my opinion.
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BBR: @hornypo
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hornyPo
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August 05, 2014, 08:04:07 PM |
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We are not disheartened. When i just launched this project i was very surprised to see that so much people was involved into mining - and i said that people have to realize all risks while investing their own money in it: https://bitcointalk.org/index.php?topic=577267.msg6786656#msg6786656After that, few days later i saw trading coins in thread and i figure out that people actually don't care about risks. After all i want to say that this project is not working for speculator's sake. We trying to make something new, something different - this implies a lot of work before getting real results. +1and it´s not benefits from endless talking about the price and +2500 long threads with post like "to the moon".
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BBR: @hornypo
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tifozi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 05, 2014, 08:28:43 PM |
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Most people searching for someone culprit, when something happen what there don´t like. Like a falling price in his own investment. They say it must be cbuchner1, Darkota the FUD Troll, the Poloniex Trollbox, or a Botnet. And if it not one of that then it must be a phantom like a rogue miner or a backdoor in Wild Keccak Algorithm. It´s tough to accept that is a question of supply and demand.
And like dga says, Boolberry has a hight inflation now.
On this stage Boolberry is highly speculative like all other Alt-coins, and not suitable outside of the cryptoworld.
This is alpha software an need time to develop and find usefulness in outside the cryptoworld.
All money that is inside boolberry now is pure speculative money. A Market Cap of 125K US$ in 2 and 1/2 months is a lot in my opinion.
Great post! There might be some unfair expectations and a whole lot of speculation really. It is all about Supply and Demand. Problem is, how do you drive demand?
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tacotime
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August 05, 2014, 08:30:44 PM |
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Rogue miner seems like a very broad brush. Why would a rogue miner bother to mine such an unprofitable coin? Even if their costs are zero, they would be making more money mining XMR or other coins for that matter.
I don't believe it's a botnet, I suppose it could be a buyer looking to accumulate qty as cheaply as possible, but they would presumably understand there becomes a point where the price drops so low- catching a continuously falling knife seems like a losing proposition, miners have more profitable ventures to chase, buyers become disheartened totally- the coin can be seen as dead in the market and very tricky to revive at that point. Don't think any rational person interested in increasing BBR holdings would be making such a move in that case. I wouldn't beleive it's few entities looking to exit totally either, anyone (especially someone with quantity to sell) can see the buy support is paltry and would definitely be better served selling off-market than dragging the price down gradually. Could jealous older brother who has always disliked younger brother BBR and wants to switch life support off,be with younger bro out the way spotlight is fully on them, It does not take much to kill the coin at this rate. An interesting experiment would be to wipe the orderbooks out to 0.0000x range and see what happens. We already are @ -3550% XMR market cap, despite this being the stronger coin in a number of ways. It shouldn't be such an uphill battle but it will be. LOL, why would BBR be a threat? especially when there are other, self proclaimed anonymous coins, that have a much higher valuation than BBR. I am sorry, it doesn't make any sense. You can see smooth posted earlier in this thread although not sure why he wanted Christian to keep the miner private. IMO he should have discouraged it. But he follows the coin I am guessing. tacotime also has a BBR alias registered in his name. I also know at least a few other XMR holders who also like BBR. Yes they don't exclusively "push" BBR, but can you blame them? It is economics after all. I am sorry this is a wild theory. But as I typed this, I can see where you are coming from. Sorry if I sounded more dismissive. I have no idea whose alias that is, but it's not mine.
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XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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