[ANN][JPC]MAKE JACKPOTCOIN GREAT AGAIN!

[zidansz]

Yep, the daemon had crashed. It's syncing up now.

need too much memory
my wallet in windows get over 600 mb memory

[Dotcommie]

Yep, the daemon had crashed. It's syncing up now.

need too much memory
my wallet in windows get over 600 mb memory

Are you saying your actual wallet.dat file is that large or the wallet is using 600mb of your system memory? 

**I just checked my desktop wallet and it's using 638mb, so yeah that's normal if you have it open and staking all the time.  Not sure if it's less after restarting computer, but it doesn't matter to me either way since I have 16gb.  Even with 4 or 8gb there's plenty left, so I wouldn't worry too much about it.

[zidansz]

Yep, the daemon had crashed. It's syncing up now.

need too much memory
my wallet in windows get over 600 mb memory

Are you saying your actual wallet.dat file is that large or the wallet is using 600mb of your system memory? 

**I just checked my desktop wallet and it's using 638mb, so yeah that's normal if you have it open and staking all the time.  Not sure if it's less after restarting computer, but it doesn't matter to me either way since I have 16gb.  Even with 4 or 8gb there's plenty left, so I wouldn't worry too much about it.

i think it`s bad for web
for example explorer dead
http://explorer.jackpotcoin.info/
also it`s can matter for exchange site

[Dotcommie]

Yep, the daemon had crashed. It's syncing up now.

need too much memory
my wallet in windows get over 600 mb memory

Are you saying your actual wallet.dat file is that large or the wallet is using 600mb of your system memory? 

**I just checked my desktop wallet and it's using 638mb, so yeah that's normal if you have it open and staking all the time.  Not sure if it's less after restarting computer, but it doesn't matter to me either way since I have 16gb.  Even with 4 or 8gb there's plenty left, so I wouldn't worry too much about it.

i think it`s bad for web
for example explorer dead
http://explorer.jackpotcoin.info/
also it`s can matter for exchange site

This is the explorer most people have been using for a long time. http://explorer.jpcpal.com/

Dev, if you see this it would be good to remove reference to the other one or fix it though.


Oh, and guess what guys? According to this from the original explorer(accurate as of Oct 7th), we're over 80% coins mined and  probably approaching 85% soon.

[Tyr808]

Yep, the daemon had crashed. It's syncing up now.

need too much memory
my wallet in windows get over 600 mb memory

Are you saying your actual wallet.dat file is that large or the wallet is using 600mb of your system memory? 

**I just checked my desktop wallet and it's using 638mb, so yeah that's normal if you have it open and staking all the time.  Not sure if it's less after restarting computer, but it doesn't matter to me either way since I have 16gb.  Even with 4 or 8gb there's plenty left, so I wouldn't worry too much about it.

i think it`s bad for web
for example explorer dead
http://explorer.jackpotcoin.info/
also it`s can matter for exchange site

This is the explorer most people have been using for a long time. http://explorer.jpcpal.com/

Dev, if you see this it would be good to remove reference to the other one or fix it though.


Oh, and guess what guys? According to this from the original explorer(accurate as of Oct 7th), we're over 80% coins mined and  probably approaching 85% soon.

The cap is 35 billion, no?  I mean sure, I get that it's over 20 years or something, but what is it about 7 billion that makes it a cap, or just PoW?

[Dotcommie]

The cap is 35 billion, no?  I mean sure, I get that it's over 20 years or something, but what is it about 7 billion that makes it a cap, or just PoW?

PoW:
- minimum payout for PoW will be 1 coin/block (will be reached after 2+ years)

PoS:
- PoS daily interest payout initially at 0.1% per day (equivalent to 44% annual interest rate), gradually dropping down to 0.01% per day 
(equivalent to 3.7% annual rate), the decrease will be over a period of 5 years (rate adjusted each 3 months). Then it will stay at this rate.

So neither will be stopping any time soon, but the POW and POS payouts will be much much less by the time it hits about 7 billion.

[Tyr808]

Thanks for clearing that up. Now I guess to see what happens with the coin from that point onward.  I'm still feeling optimistic.

[jsamul]

Thanks for clearing that up. Now I guess to see what happens with the coin from that point onward.  I'm still feeling optimistic.

Yeah... now its clear the coin is dying slowly as the rewards are going down and mining becomes non-profitable and staking is not attractive anymore... luckily we cant go below 1 satoshi in price which is the price where it started and where it will inevitably end up

[sobad]

According to http://explorer.jpcpal.com/block.php?height=1147141 MiningPoolHub found Jackpot block.

[miningpoolhub]

Jackpotcoin Mining Pool Hub
http://jackpotcoin.miningpoolhub.com


Just distributed latest jackpot 1147141 (1147140 block)
Total 5809158.723303 JPC,
50% sent to the block finder, and 50% sent to rest of miners proportionally.

Happy Mining

[Spoetnik]

Thanks for clearing that up. Now I guess to see what happens with the coin from that point onward.  I'm still feeling optimistic.

Yeah... now its clear the coin is dying slowly as the rewards are going down and mining becomes non-profitable and staking is not attractive anymore... luckily we cant go below 1 satoshi in price which is the price where it started and where it will inevitably end up

coin is not dying.. users to have to assign a more appropriate value i think.

and the price reflects dumpers dumping.. if guys would quit throwing their coins away for cheap the price would go up.
i think they are dumping because we have "profitable" guys and we don't want or need them in my opinion.
trying to cater to the mine and dump crowd is usually a losing situation and i say let them move on to some other coin.. screw 'em !

quit dumping your coins for cheap and the price goes up and so does profitability guys lol

edit:
By the way it would not hurt to have more than just me spending the last 6 months mentioning JPC across the web eh LOL
anywhere i go i am the only guy that mentions it by name and there has been little effort to talk about JPC in the Main/Alt section.
in my experience a lot of people just have not heard of the coin.

[atomrigs]

Jackpotcoin Mining Pool Hub
http://jackpotcoin.miningpoolhub.com


Just distributed latest jackpot 1147141 (1147140 block)
Total 5809158.723303 JPC,
50% sent to the block finder, and 50% sent to rest of miners proportionally.

Happy Mining

I won this time and decided to donate it to the local crypto meetup

8531573   2014-11-11 13:54:08 (UTC)   Bonus   Confirmed         1147140   2,904,579.36165150

[Tyr808]

Jackpotcoin Mining Pool Hub
http://jackpotcoin.miningpoolhub.com


Just distributed latest jackpot 1147141 (1147140 block)
Total 5809158.723303 JPC,
50% sent to the block finder, and 50% sent to rest of miners proportionally.

Happy Mining

I won this time and decided to donate it to the local crypto meetup

8531573   2014-11-11 13:54:08 (UTC)   Bonus   Confirmed         1147140   2,904,579.36165150

Congrats! Thanks for looking out for the community too!

[jsamul]

Yeah... now its clear the coin is dying slowly as the rewards are going down and mining becomes non-profitable and staking is not attractive anymore... luckily we cant go below 1 satoshi in price which is the price where it started and where it will inevitably end up

coin is not dying.. users to have to assign a more appropriate value i think.

and the price reflects dumpers dumping.. if guys would quit throwing their coins away for cheap the price would go up.
i think they are dumping because we have "profitable" guys and we don't want or need them in my opinion.
trying to cater to the mine and dump crowd is usually a losing situation and i say let them move on to some other coin.. screw 'em !

quit dumping your coins for cheap and the price goes up and so does profitability guys lol

edit:
By the way it would not hurt to have more than just me spending the last 6 months mentioning JPC across the web eh LOL
anywhere i go i am the only guy that mentions it by name and there has been little effort to talk about JPC in the Main/Alt section.
in my experience a lot of people just have not heard of the coin.

imho the problem is not ppl selling low, but ppl not buying high... i can set my sell order to 100 or even 1000 satoshi but it will pbbly never go through.
seems like there is very small community behind JPC if any.
strong community would never let the price of JPC drop so low.
I see only one active exchange for JPC and that is bittrex and only 16BTC would push the price to 30 satoshi and 20BTC to 50, thats like 1000% value boost, which would push up the coin in tables and attract more ppl.
but there is no community to make it happen, so the coin is dying.
sadly it will just end up with bag holders holding and staking worthless coin.

[Dotcommie]

Yeah... now its clear the coin is dying slowly as the rewards are going down and mining becomes non-profitable and staking is not attractive anymore... luckily we cant go below 1 satoshi in price which is the price where it started and where it will inevitably end up

coin is not dying.. users to have to assign a more appropriate value i think.

and the price reflects dumpers dumping.. if guys would quit throwing their coins away for cheap the price would go up.
i think they are dumping because we have "profitable" guys and we don't want or need them in my opinion.
trying to cater to the mine and dump crowd is usually a losing situation and i say let them move on to some other coin.. screw 'em !

quit dumping your coins for cheap and the price goes up and so does profitability guys lol

edit:
By the way it would not hurt to have more than just me spending the last 6 months mentioning JPC across the web eh LOL
anywhere i go i am the only guy that mentions it by name and there has been little effort to talk about JPC in the Main/Alt section.
in my experience a lot of people just have not heard of the coin.

imho the problem is not ppl selling low, but ppl not buying high... i can set my sell order to 100 or even 1000 satoshi but it will pbbly never go through.
seems like there is very small community behind JPC if any.
strong community would never let the price of JPC drop so low.
I see only one active exchange for JPC and that is bittrex and only 16BTC would push the price to 30 satoshi and 20BTC to 50, thats like 1000% value boost, which would push up the coin in tables and attract more ppl.
but there is no community to make it happen, so the coin is dying.
sadly it will just end up with bag holders holding and staking worthless coin.

As someone who has followed the coin and the community since launch, I don't think that's the case. 

It's not about people buying high or low, it's about people having more than 1 or 2 btc to throw into a sell wall at one time.  There is a decent community still and there have been more and more people making their way onto the richlist, but I still feel that there are some people that would possibly buy up those sell walls, they just aren't large whales like some that were on Mintpal in the past.  The current sell orders are mostly old orders from people that have been putting them up all the way down from 65+ and never seem to check back in to readjust them for some reason.  The trading has been around 7-10 for many months now and it doesn't look to be controlled by whales, so maybe someone has been accumulating this whole time and will pull the sell orders soon?

Also, many of us lost our trading money in Mintpal and other recent scams.  At the time mintpal went rogue, it was the main JPC exchange and I have .55 less bitcoin to play with because of that douche Ryan and .75 in total stolen/scammed the last 2 months.  I'm small fish though, I can't imagine losing what some medium to large traders must have lost.

[AliMan]

My first four million JPC was hacked by someone, when the price was hovering around 70 sats. Now that was a lot of money at the time.

After that, mining this coin never really got any easier due to the weekly block reward reduction. But this month, I've managed to make that 4 million back, somehow, one million at a time. JPC may go up in price due to the same block reduction reason, but for whatever its worth, I'd rather stake it and keep whatever than sell it for nothing.

BTC touched $460 yesterday and today it's below $400, I'd say JPC isn't too far off just for a few sats.

[jsamul]

My first four million JPC was hacked by someone, when the price was hovering around 70 sats. Now that was a lot of money at the time.

After that, mining this coin never really got any easier due to the weekly block reward reduction. But this month, I've managed to make that 4 million back, somehow, one million at a time. JPC may go up in price due to the same block reduction reason, but for whatever its worth, I'd rather stake it and keep whatever than sell it for nothing.

BTC touched $460 yesterday and today it's below $400, I'd say JPC isn't too far off just for a few sats.

"Spice must flow!"
Otherwise is worthless.
Bagholders wont make the price to go up.
Staking wont save the coin.

[AliMan]

My first four million JPC was hacked by someone, when the price was hovering around 70 sats. Now that was a lot of money at the time.

After that, mining this coin never really got any easier due to the weekly block reward reduction. But this month, I've managed to make that 4 million back, somehow, one million at a time. JPC may go up in price due to the same block reduction reason, but for whatever its worth, I'd rather stake it and keep whatever than sell it for nothing.

BTC touched $460 yesterday and today it's below $400, I'd say JPC isn't too far off just for a few sats.

"Spice must flow!"
Otherwise is worthless.
Bagholders wont make the price to go up.
Staking wont save the coin.

Like I said, in current circumstances, lower block reward is probably the only chance. Well, mining is anyways gonna be over soon, so then we'll know for sure.

[Spoetnik]

i have to stand by my last comment.. although i see what your guys are saying

Think about it though.. there ALREADY was a waaaaay larger crowd involved in JPC.. they left !
why ? like i just said.. profitability.

edit:
"mining is anyways gonna be over soon"
how is that going to happen if the reward keeps shrinking to the point where it's 1 coin per block ?
seems to me mining will be going on for a long looooong time to come.

[Spoetnik]

Guys what do you want to see done to improve the situation for JPC ?

I think the dev asked for idea's and we never really gave him any..
he proposed the idea of a name change i think but we kinda shot him down.

The coin will be dead if we give up and wander off..