[ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY

[Matni]

800 blocks to go...

[1714691541]

1714691541

[1714691541]

1714691541

[1714691541]

1714691541

[spcrypt]

Suchpool is 11 Gh/s, I'm going back there until dedicated shows some stability again.
I've had zero problems with suchpool except they have had a little lower overall Hash rate.

[Joe Budden]

No. 53 on Coinmarketcap! Lets get to the top 10. yes we can.

[maccie]

I have a stupid question.

This is the first coin I have mined with x11, So I know very little about it.
I was mining at Dedicated pool at the start, but as soon as the scrypt multipool started, I switched over to them, hoping for a better payout. I was not disappointed, I think it worked out quite well.
Now the multipool offers x11 mining as well. I see that alot of people were waiting for X11 before joining the multipool.

Which should I be mining?

Here is what I have. 2 PC's running a total of 5 HD7950's.

They get about 625 kh/s each scrypt (3.125 Mh/s scrypt total)
For X11 they each get about 1.8 Ms/s (9 Mh/s X11 total)

I run these at my work so electricity is free and heat is not a factor.

Now that I can choose scrypt or X11 at the multipool, what is a better choice?
What will get me the best bang for my buck? Sorry about the stupid questions, but I just don't know which way to go and I am hoping some of you salty dogs know the right choice.

Thanks!

I have the same thing... Will wait to see someone reply here regarding this.

I am multi-pool developer and my advice is scrypt at the moment.

Its because we still looking best coins to mine with x11. It will be solved in few days, likely tomorrow.

EDIT: We are trying to bring current coin profitability stats to website in near future to solve this problem.

[chesthing]

net hash  306gh/s  WOW  

Surely .6 price doesn't pay for elec much less rental costs, or does it?

[ATCkit]

Dedicated Pool restart your servers........  :/
 

Anyone got another good pool..?

I just saw this one: https://sync.pool.enterprises/

 I have that they give a fairly accurate hash rate for what your miners are doing. There's very few miners there now.... so your share of the action should be higher.

i am going back there when the current round i am mining on another pool is done.

[ATCkit]

I have a stupid question.

This is the first coin I have mined with x11, So I know very little about it.
I was mining at Dedicated pool at the start, but as soon as the scrypt multipool started, I switched over to them, hoping for a better payout. I was not disappointed, I think it worked out quite well.
Now the multipool offers x11 mining as well. I see that alot of people were waiting for X11 before joining the multipool.

Which should I be mining?

Here is what I have. 2 PC's running a total of 5 HD7950's.

They get about 625 kh/s each scrypt (3.125 Mh/s scrypt total)
For X11 they each get about 1.8 Ms/s (9 Mh/s X11 total)

I run these at my work so electricity is free and heat is not a factor.

Now that I can choose scrypt or X11 at the multipool, what is a better choice?
What will get me the best bang for my buck? Sorry about the stupid questions, but I just don't know which way to go and I am hoping some of you salty dogs know the right choice.

Thanks!

I have the same thing... Will wait to see someone reply here regarding this.

I am multi-pool developer and my advice is scrypt at the moment.

Its because we still looking best coins to mine with x11. It will be solved in few days, likely tomorrow.

Thx i was thinking that way but waiting for multipools to sort out the most profitable X11s. I think the X11s will do better than scrypt in the near future. unsure tho.... but watching closely.

[oktay50000]

No. 53 on Coinmarketcap! Lets get to the top 10. yes we can.

dont worry
let pow end almost there

[solid12345]

I think it is entirely possible that Sync could "win" the POS wars while the market is now moving on to anonymous coins. There seems to always be a winner in every category of coins and considering the whole point of POS is to save your coins, build your wealth and not spend them, a rare coin with only 1,000 makes the most sense, it is less a day-to-day currency and more an ETF.

[Kenta]

net hash  306gh/s  WOW  

Surely .6 price doesn't pay for elec much less rental costs, or does it?

Actually, it's probably still the most profitable X11 coin out there and I think those going X11 multipool to buy SYNC is doing a mistake.

Have a look at the profit chart from http://www.coinmine.pw/

[Chronikka]

Not to burst anybody's bubble but I can pretty much guarantee we won't see 240 GH on the multipool when POW ends. Probably nothing close.

Don't get me wrong its a very interesting idea and I think it will have some success, but in order for the multipool to work, somebody has to be selling their Sync for these altcoins. the multipool doesn't create Sync out of thin air.

So if everybody is holding their Sync and trying to mine on the multipool at the same time we have a problem. The multipool will be reliant on alt coin pumps to increase their value against Sync. This allows them to buy sync cheap. Otherwise they won't be able to exchange them to Sync for a profit (or atleast profits will be reduced). It will be more profitable for the miners just to mine the alt coin and get off the sync multipool.

The only way this multipool works is if people are selling their sync at a cheap rate as well as mining on the multipool.

[MsCollec]

I think it is entirely possible that Sync could "win" the POS wars while the market is now moving on to anonymous coins. There seems to always be a winner in every category of coins and considering the whole point of POS is to save your coins, build your wealth and not spend them, a rare coin with only 1,000 makes the most sense, it is less a day-to-day currency and more an ETF.

You get the whole idea behind SYNC

[youngwebs]

Not to burst anybody's bubble but I can pretty much guarantee we won't see 240 GH on the multipool when POW ends. Probably nothing close.

Don't get me wrong its a very interesting idea and I think it will have some success, but in order for the multipool to work, somebody has to be selling their Sync for these altcoins. the multipool doesn't create Sync out of thin air.

So if everybody is holding their Sync and trying to mine on the multipool at the same time we have a problem. The multipool will be reliant on alt coin pumps to increase their value against Sync. This allows them to buy sync cheap. Otherwise they won't be able to exchange them to Sync for a profit (or atleast profits will be reduced). It will be more profitable for the miners just to mine the alt coin and get off the sync multipool.

The only way this multipool works is if people are selling their sync at a cheap rate as well as mining on the multipool.

well you just made the point of multipool very clear.. We do not generate coins (=impossible wit POS), we just make them more expensive!
So if your scenario above comes throug we will be doing very small payouts, but with very high value!
e.. payout 0.00001 SYNC with a value of 100 BTC/Sync 

[Joe Budden]

This one is for STRATOBITZ , for bashing sync on twitter, don't ever listen to this fool.



we all know where whitecoin ended haha

[Kreativekrypto]

Seriously. Anything under 1 BTC is truly cheap. This is the floor of the floor.

How long was this coin on mintpal? Only 1 day or so ? as i can't see a longer period graph
Also can somebody explain why the red line at the start ? from 3 to 0.x ?

As the price on bittrex  was nowhere near that at the moment?
This thing looks interesting to buy in but this whole price thingy is a mess right now , or at least i see it like this.

1) 18 hours
2) Yes, 18 hours
3) Somebody bought something like 0.0001 sync at 3 btc the price then continued to fall as more people rushed to sell hence a decrease from 3 which is why they use a red line (Green when price is increasing)
4) Yes
5) Price on Bittrex is close to the price on mintpal at the moment (Bittrex 0.65 Mintpal 0.655)

That answers your questions in the order they appear,  the whole price thing being a mess as you see it makes no sense as you ask a bunch of questions that show you have no idea of what your seeing.  When a new coin hits an exchange people always try to sell at a very high price as they are the first to get their coins listed without competition, as more people get listed the price will find the mean.

As there is still new coins being mined, some miners will dump to recoup their cost.... The fun should start when it switches to full POS especially if that 240GH follows over to the multipool!

It will be interesting to see what happens here but noways in hell would I even pay 1 btc for 1 sync, I can see a few people sitting on 80% of the sync market once the POS starts.

Your getting to hung up on 1 for 1 pricing if 1 btc is to much for 1 sync consider this:
If these coins had there current Market Cap but only 1000 coins like sync (instead of the millions or billions they have) then
the current price would be:
1 ltc =597.33 BTC
1 Drk= 83.46 BTC
1 Ripple= 81.06 BTC
1 BIL= 2.97 BTC
1 Doge= 68.93 BTC
1 PTS=13.45 BTC
1 NMC= 38.98 BTC
1 BC= 12.90 BTC
1 PPC= 93.34 BTC
1 CINNI= 1.3 BTC
1 NXT= 76.74 BTC
1 VTC= 8.61 BTC
1 FTC= 6.54 BTC
1 Zet= 5.64 BTC
1 MEC= 4.36 BTC
1 XPM = 7.72 BTC
1 QRK= 8.52 BTC
1 MAX = 2.62 BTC
1 WDC= 2.87 BTC
1 MINT= 1.53 BTC
1 NVC= 3.17 BTC
1 IFC= 3.02 BTC
1 MSC= 28.68 BTC
1 XCP = 11.536 BTC
1 MAID = 9.83 BTC
1 PND= 1.12 BTC
1 RDD= 1.4 BTC
1 PRT= 1.36 BTC
1 YBC= 3.21 BTC
1 DVC= 1.1 BTC

So using your logic if you don't think Sync is unervalued now for everything it offers then go buy a quark at 0.00003510 but realize on the scale to Sync your actually paying 8.52 BTC for the same % of the marketcap that Sync currently offer at 0.64btc.  I know which one I will take!

Also once POW is done if the multipool has 240 GH that will pump about 25 to 40 btc into Sync.  Now that's only the X11 side of it and at the current price 40btc a day could buy every Sync in 14.05 Days.  

This post lays everything out perfectly, and makes Sync the easy choice to hedge btc.

[ATCkit]

Dedicated Pool restart your servers........  :/
 

Anyone got another good pool..?

I just saw this one: https://sync.pool.enterprises/

 I have that they give a fairly accurate hash rate for what your miners are doing. There's very few miners there now.... so your share of the action should be higher.

i am going back there when the current round i am mining on another pool is done.

just looked at this pool again. there's a bunch of shares for the taking but very few miners there. I definitely will go back there soon and get a bigger slice of the  shares.

The pool works just as well as the bigger pools and gives a much  more reliable hash rate for my rig than most pools do. I have tried 4 different pools during the POW period. I get a bit upset and leave when pools generally show a lower hash rate for my rig...more often than they show the right rate.  When i was on sync.pool.enterprises earlier, i got much more consistency and the hash rates matched my rig.

[ATCkit]

Seriously. Anything under 1 BTC is truly cheap. This is the floor of the floor.

How long was this coin on mintpal? Only 1 day or so ? as i can't see a longer period graph
Also can somebody explain why the red line at the start ? from 3 to 0.x ?

As the price on bittrex  was nowhere near that at the moment?
This thing looks interesting to buy in but this whole price thingy is a mess right now , or at least i see it like this.

1) 18 hours
2) Yes, 18 hours
3) Somebody bought something like 0.0001 sync at 3 btc the price then continued to fall as more people rushed to sell hence a decrease from 3 which is why they use a red line (Green when price is increasing)
4) Yes
5) Price on Bittrex is close to the price on mintpal at the moment (Bittrex 0.65 Mintpal 0.655)

That answers your questions in the order they appear,  the whole price thing being a mess as you see it makes no sense as you ask a bunch of questions that show you have no idea of what your seeing.  When a new coin hits an exchange people always try to sell at a very high price as they are the first to get their coins listed without competition, as more people get listed the price will find the mean.

As there is still new coins being mined, some miners will dump to recoup their cost.... The fun should start when it switches to full POS especially if that 240GH follows over to the multipool!

It will be interesting to see what happens here but noways in hell would I even pay 1 btc for 1 sync, I can see a few people sitting on 80% of the sync market once the POS starts.

Your getting to hung up on 1 for 1 pricing if 1 btc is to much for 1 sync consider this:
If these coins had there current Market Cap but only 1000 coins like sync (instead of the millions or billions they have) then
the current price would be:
1 ltc =597.33 BTC
1 Drk= 83.46 BTC
1 Ripple= 81.06 BTC
1 BIL= 2.97 BTC
1 Doge= 68.93 BTC
1 PTS=13.45 BTC
1 NMC= 38.98 BTC
1 BC= 12.90 BTC
1 PPC= 93.34 BTC
1 CINNI= 1.3 BTC
1 NXT= 76.74 BTC
1 VTC= 8.61 BTC
1 FTC= 6.54 BTC
1 Zet= 5.64 BTC
1 MEC= 4.36 BTC
1 XPM = 7.72 BTC
1 QRK= 8.52 BTC
1 MAX = 2.62 BTC
1 WDC= 2.87 BTC
1 MINT= 1.53 BTC
1 NVC= 3.17 BTC
1 IFC= 3.02 BTC
1 MSC= 28.68 BTC
1 XCP = 11.536 BTC
1 MAID = 9.83 BTC
1 PND= 1.12 BTC
1 RDD= 1.4 BTC
1 PRT= 1.36 BTC
1 YBC= 3.21 BTC
1 DVC= 1.1 BTC

So using your logic if you don't think Sync is unervalued now for everything it offers then go buy a quark at 0.00003510 but realize on the scale to Sync your actually paying 8.52 BTC for the same % of the marketcap that Sync currently offer at 0.64btc.  I know which one I will take!

Also once POW is done if the multipool has 240 GH that will pump about 25 to 40 btc into Sync.  Now that's only the X11 side of it and at the current price 40btc a day could buy every Sync in 14.05 Days.  

This post lays everything out perfectly, and makes Sync the easy choice to hedge btc.

Agreed. I really believe the coin is quite undervalued right now ...due to people mining and selling as fast as they can. Once that early grab and sell fast anxiety has expired, then this coin will likely leave btc in the dust.

[MsCollec]

I'm hoping thinking if someone placed buy order for 1000 SYNC at  1 BTC each

[dminer69]

i just picked up 2 sync lets see what happens!!

[Joe Budden]

i just picked up 2 sync lets see what happens!!

you got your spacesuit ready?