Conspiracy Coin

[notbatman]

I mined two blocks while reading about MH17 on Google news.

[xiaoping82]

BTC Conspiracy Coin Analysis 19.07.2014 BTC


First of all, let me introduce myself. My nickname is xiaoping and I work for one of the largest financial institutions. No personal information is given due to my professional obligations. So far, I have invested in capital markets like stocks, futures and forex to some extent. Some time ago I became interested in crypto-currencies, especially in their profitability level - 100% per day isn’t anything unusual on this market.
After a few successful transactions, I decided to start posting my thoughts and opinions about the most promising crypto-currencies. I still discover basic principles, therefore I apologize in advance for any mistakes and confusion.

As my first analysis, I would like to publish Conspiracy Coin (abbreviation -CYC) analysis.



Specification
0 % pre-mine
Algorithm:       X11 POW
Symbol:       CYC
Max. # of coins:    33 Million (currently 1,3 million on the market) only 4%
Block Reward:       33
Block Time:       2 Minutes
Difficulty Retarget:    DGW



The most important events related to CYC (last month)
●   Added to coinwarz.com on (16.07.2014)
●   Listed on Bittrex on (06.07.2014)
●   Attack on civilian plane in Ukraine (17.07.2014) combined with the subject of the currency may result in increased interest
●   Announcement of the developer about expected changes in the Coin. The new implementation is to allow it to be able to extract each CYC
●   The dynamic increase of votes at MintPal should result in adding the coin

 
STRENGTHS

1.   Low power costs for miners (50% of scrypt)
2.   Very active developer, non-profit oriented (no premine), quickly responsive for community’s suggestions
3.   Strong community - fast entry to the CW, Bittrex and Poloniex, large number of votes on MintPal’s voting list
4.   Large interest on the market - a lot of BIDs visible on Poloniex and Bittrex
5.   Stable software - very few bugs and issues quickly fixed by the developer

WEAKNESSES

1.   In my personal opinion POS would be a better choice than POW




EXCHANGES

Poloniex


Whole trading history

https://i.imgur.com/k0QK2xn.png

 
Max. price of Conspiracy Coin was 0,00048 BTC for 1 CYC (please refer numer 1 on the chart). Number 2 shows minimal price for CYC - please note that no one sold at this time. This will be a point of resistance when MintPal will add the currency to its IPO. An unexpected (but very welcomed) event could be also adding to Cryptsy. If you look at ASKs, there are a few amount to 0,0005 only 14 BTC ! ! !


Book orders on Poloniex

https://i.imgur.com/fpGh9EA.png


As you can see, on Poloniex there are only 79621 CYC coin on sell orders and 12,49 BTC on demand. If someone would like to buy everything, he have to pay 79621 CYC * 0,00012 BTC = 9,55452 BTC. This is very low cost however, as you can see, asks are spreading on many different levels.
 

The highest ask is 3.8676914 CYC for the price of 0.00899999 BTC (total cost is 0.03480918 BTC).
The situation on the market shows that sellers are very little compared to the buyers.
Interesting fact: 14 BTC to 0,0005



Bittrex


Book orders

https://i.imgur.com/ZezYxo2.png
 
What is very interesting, on both exchanges (Poloniex and Bittrex) is the fact that there are very few asks (see the chart above). Only 32 BTC to 0,01 BTC. I have been watching the coin for about 1 month and observed that small group of miners sell their CYC coins.


Demand / Supply

https://i.imgur.com/jDLpbwT.png

Strong demand, weak supply. There are a lot of buyers and very few sellers on the market. Guess who will win?
Statistics:

Total sellers amount (ASK): 32 BTC
Total buyers amount (BID): 32 BTC



Chart entire range

https://i.imgur.com/7tXSeZ0.png

 
We are in consolidation before the move up. You can see that course first went to 12000 sat and now it is at the same point. I am expecting the strong move up. I think that someone bought large number of coins during the first movement (check the big volume on 10th of July) and now will be interested in the increasing of the coin value.



List of twitter guru who are involved on this coin

https://i.imgur.com/d1DKekj.png


Worth to remember:
●   We are expecting a white-paper on Sunday. This is one of the most important things in coming days.
●   There is a very big chance to add the coin to MintPal if voting continues to be so successful. Most probable date is the next weekend.
●   Cryptsy could add the Conspiracy Coin very soon
●   New implementation from the developer in nearest future
●   Strong community focus on this coin - they believe in conspiracy



Recommendation: trade price in near future is 0,004 BTC:
Buy it! It is expected, that after entering MintPal the price will raise significantly. Why? Because there are almost no sellers visible on the market. Current situation on the exchanges suggests big commitment to the currency and high potential value. I am expecting that after entering the MintPal, the price may fluctuate in the range of 0.004 BTC. It is interesting that one great player (big whale) can push the price to 0.01 BTC, because there are simply no obstructions.

 

https://i.imgur.com/hqJR7KN.jpg

I wish you happy trading and unlimited profits  ! ! !

xiaoping

UPDATE TO MY ANALYSIS. THIS IS A PDF OF MY WORK: http://speedy.sh/FZd22/Analysis-CYC.pdf

[__kot__]

Thanks Dude!

[majkel_94]

Demand / Supply

Strong demand, weak supply. There are a lot of buyers and very few sellers on the market. Guess who will win?

Now there is more BTC on bids!!!

[blasei]

BTC Conspiracy Coin Analysis 19.07.2014 BTC


First of all, let me introduce myself. My nickname is xiaoping and I work for one of the largest financial institutions. No personal information is given due to my professional obligations. So far, I have invested in capital markets like stocks, futures and forex to some extent. Some time ago I became interested in crypto-currencies, especially in their profitability level - 100% per day isn’t anything unusual on this market.
After a few successful transactions, I decided to start posting my thoughts and opinions about the most promising crypto-currencies. I still discover basic principles, therefore I apologize in advance for any mistakes and confusion.

As my first analysis, I would like to publish Conspiracy Coin (abbreviation -CYC) analysis.



Specification
0 % pre-mine
Algorithm:       X11 POW
Symbol:       CYC
Max. # of coins:    33 Million (currently 1,3 million on the market) only 4%
Block Reward:       33
Block Time:       2 Minutes
Difficulty Retarget:    DGW



The most important events related to CYC (last month)
●   Added to coinwarz.com on (16.07.2014)
●   Listed on Bittrex on (06.07.2014)
●   Attack on civilian plane in Ukraine (17.07.2014) combined with the subject of the currency may result in increased interest
●   Announcement of the developer about expected changes in the Coin. The new implementation is to allow it to be able to extract each CYC
●   The dynamic increase of votes at MintPal should result in adding the coin

 
STRENGTHS

1.   Low power costs for miners (50% of scrypt)
2.   Very active developer, non-profit oriented (no premine), quickly responsive for community’s suggestions
3.   Strong community - fast entry to the CW, Bittrex and Poloniex, large number of votes on MintPal’s voting list
4.   Large interest on the market - a lot of BIDs visible on Poloniex and Bittrex
5.   Stable software - very few bugs and issues quickly fixed by the developer

WEAKNESSES

1.   In my personal opinion POS would be a better choice than POW




EXCHANGES

Poloniex


Whole trading history

https://i.imgur.com/k0QK2xn.png

 
Max. price of Conspiracy Coin was 0,00048 BTC for 1 CYC (please refer numer 1 on the chart). Number 2 shows minimal price for CYC - please note that no one sold at this time. This will be a point of resistance when MintPal will add the currency to its IPO. An unexpected (but very welcomed) event could be also adding to Cryptsy. If you look at ASKs, there are a few amount to 0,0005 only 14 BTC ! ! !


Book orders on Poloniex

https://i.imgur.com/fpGh9EA.png


As you can see, on Poloniex there are only 79621 CYC coin on sell orders and 12,49 BTC on demand. If someone would like to buy everything, he have to pay 79621 CYC * 0,00012 BTC = 9,55452 BTC. This is very low cost however, as you can see, asks are spreading on many different levels.
 

The highest ask is 3.8676914 CYC for the price of 0.00899999 BTC (total cost is 0.03480918 BTC).
The situation on the market shows that sellers are very little compared to the buyers.
Interesting fact: 14 BTC to 0,0005



Bittrex


Book orders

https://i.imgur.com/ZezYxo2.png
 
What is very interesting, on both exchanges (Poloniex and Bittrex) is the fact that there are very few asks (see the chart above). Only 32 BTC to 0,01 BTC. I have been watching the coin for about 1 month and observed that small group of miners sell their CYC coins.


Demand / Supply

https://i.imgur.com/jDLpbwT.png

Strong demand, weak supply. There are a lot of buyers and very few sellers on the market. Guess who will win?
Statistics:

Total sellers amount (ASK): 32 BTC
Total buyers amount (BID): 32 BTC



Chart entire range

https://i.imgur.com/7tXSeZ0.png

 
We are in consolidation before the move up. You can see that course first went to 12000 sat and now it is at the same point. I am expecting the strong move up. I think that someone bought large number of coins during the first movement (check the big volume on 10th of July) and now will be interested in the increasing of the coin value.



List of twitter guru who are involved on this coin

https://i.imgur.com/d1DKekj.png


Worth to remember:
●   We are expecting a white-paper on Sunday. This is one of the most important things in coming days.
●   There is a very big chance to add the coin to MintPal if voting continues to be so successful. Most probable date is the next weekend.
●   Cryptsy could add the Conspiracy Coin very soon
●   New implementation from the developer in nearest future
●   Strong community focus on this coin - they believe in conspiracy



Recommendation: trade price in near future is 0,004 BTC:
Buy it! It is expected, that after entering MintPal the price will raise significantly. Why? Because there are almost no sellers visible on the market. Current situation on the exchanges suggests big commitment to the currency and high potential value. I am expecting that after entering the MintPal, the price may fluctuate in the range of 0.004 BTC. It is interesting that one great player (big whale) can push the price to 0.01 BTC, because there are simply no obstructions.

 

https://i.imgur.com/hqJR7KN.jpg

I wish you happy trading and unlimited profits  ! ! !

xiaoping

UPDATE TO MY ANALYSIS. THIS IS A PDF OF MY WORK: http://speedy.sh/FZd22/Analysis-CYC.pdf

Please put your ConspiracyCoin address in your signature so people can donate for your efforts.

[ScamScanner]

Dev, how in the world this fixes the issue? This is the only significant change in code.
No checkpoints, so everything can go wrong too, like yesterday.
https://i.imgur.com/kvFPLpIl.png

And saying there's no IPO nor premine is a manipulation - because so far you received 63k CYC which is hardcoded.
Not nice.

[predator12]

@xiaoping I'm impressed, thanks!!

[Spartan10]

Dev, how in the world this fixes the issue? This is the only significant change in code.
No checkpoints, so everything can go wrong too, like yesterday.


And saying there's no IPO nor premine is a manipulation - because so far you received 63k CYC which is hardcoded.
Not nice.

Can you read? First page, this is fud I understand people like you, you want panic community, they sell you cheap coins and secondly you earn nice profit.

"

* No IPO, Premine or Instantime but 7000 coins every 5000 blocks are used to support promotion of the coin."

[guolong9988]

http://CYC.pool.pe/



Reward System: Full Stratum/Vardiff system with PROP
Server Location: China/America
Pro Hardware: Connections: 10 gigabit network hypervisor/storage. Direct connection to AIMX, MSX
Storage: Fast ZFS based environment with SSD cache and 32 disks.
CPU: Xeon 64bit / 16 powerful CPU cores
Ram: 128 GB RAM.

Security:
Two different geo-locations Hot wallets (primary and instant back-up).
Offline secured cold Wallet.
Automated back-ups and warning system for operators.
Ddos protecion.


Welcome friends to join our team！

[faraway]

All problems with sync is ok now
https://dl.dropboxusercontent.com/u/13449734/ConspiracyCoin.rar

On a fresh install - the git repository freezes on block : 13154.

{
    "version" : 90107,
    "protocolversion" : 70002,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 13154,
    "timeoffset" : 22,
    "connections" : 3,
    "proxy" : "",
    "difficulty" : 9.11521316,
    "testnet" : false,
    "keypoololdest" : 1405729699,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""
}

 The issue is still there.

[faraway]

All problems with sync is ok now
https://dl.dropboxusercontent.com/u/13449734/ConspiracyCoin.rar

On a fresh install - the git repository freezes on block : 13154.

{
    "version" : 90107,
    "protocolversion" : 70002,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 13154,
    "timeoffset" : 22,
    "connections" : 3,
    "proxy" : "",
    "difficulty" : 9.11521316,
    "testnet" : false,
    "keypoololdest" : 1405729699,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""
}

 The issue is still there.

I've also the following error:
2014-07-20 12:33:17 received block 0000000014b4cee86da7d95dd201ae4a525098d1da4be23e51302e81b68e3462
2014-07-20 12:33:17 ERROR: AcceptBlock() : incorrect proof of work
2014-07-20 12:33:17 ERROR: ProcessBlock() : AcceptBlock FAILED
2014-07-20 12:33:17 Misbehaving: 107.170.89.158:33834 (0 -> 100) DISCONNECTING

[Spartan10]

Conspiracy Coin is now the most profitable coin to mine due to a price rising!!!

OMG FOILED! This was my secret GPU profitable coin now everybody knows. Thanks coinwarz.

Yea, you have 100% right. When coinwarz add to the list coin then profit go down. I like work in ninja

[faraway]

All problems with sync is ok now
https://dl.dropboxusercontent.com/u/13449734/ConspiracyCoin.rar

No issue with sync!
THANKS MAN

So the git repository is out of sync? The issue is not fixed there...

[Zywiec]

UPDATE TO MY ANALYSIS. THIS IS A PDF OF MY WORK: http://speedy.sh/FZd22/Analysis-CYC.pdf

@ xiao, excellent paper, to be honest no bullshit you are professional. Which market analysis agency where you from? CoinSource I bet!
It seems similar to their style.

[crackfoo]

All problems with sync is ok now
https://dl.dropboxusercontent.com/u/13449734/ConspiracyCoin.rar

No issue with sync!
THANKS MAN

So the git repository is out of sync? The issue is not fixed there...

I updated from git and it's working now for me...

wasn't a fresh install though...

$ conspiracycoind getmininginfo
{
    "blocks" : 45728,
    "currentblocksize" : 1226,
    "currentblocktx" : 1,
    "difficulty" : 255.31044558,
    "errors" : "",
    "generate" : false,
    "genproclimit" : -1,
    "hashespersec" : 0,
    "networkhashps" : 3865312925,
    "pooledtx" : 1,
    "testnet" : false
}

[predator12]

keep voting, now we have 3th place guys

[mishax1]

Will you stop with the bot voting on Mintpal.. ?

300 votes per hours..?  from a dead coin ? give me a break...

[MineP.it]

Will you stop with the bot voting on Mintpal.. ?

300 votes per hours..?  from a dead coin ? give me a break...

Dead coin?

It's had 20BTC volume in the last 24 hours on Bittrex. 4BTC on Poloniex. I wouldn't really describe that as dead.

[soccosocco]

wow amazing
I had seen there in rank 6 and is now rank 3
I think this one will be successful this coin

[ConspiracyCoin]

The community has been growing continuously - a solid and devoted fan-base!

Will you stop with the bot voting on Mintpal.. ?

300 votes per hours..?  from a dead coin ? give me a break...