Vlizzjeffrey
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June 14, 2014, 02:39:43 PM |
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looks like a another multipool dump
Multipool dumps everything directly, ie; per reward. Whats happening now, yesterday and today, is the work of bigger bagholders taking their roi ranging from 5.000 to 20.000% . See, this is nothing more than a clone coin with clone anon (check what the dev wrote before) and there are not enough noobs to support the price above 8k sat. If you bought at 50/100 sat, it was nice. If you bought at 1000+, you are going to burn yourself. Also, mintpal is not going to add new air balloons anymore, even if you give them "something". Don't expect too much. Good luck tomorrow. typical thing someone that missed the boat would say, you can still buy now dont worry , of course youll only about triple then, were others that were smarter then you will get 10 times profit
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Mrjitter
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June 14, 2014, 02:39:54 PM |
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Every post you make talking about multipool & dumping makes existing investors to dump also instead of increasing new investors.
Obviously you guys all want this coin to drop in price. Right?
Not ... we want stop the POW now, before the coin dies
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HardwarePal
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June 14, 2014, 02:47:15 PM |
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60000 Blocks x 512 coins per block so that means get info isnt right 11.1mill its more like 32mill correct ?
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provenceday
Legendary
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Activity: 1148
Merit: 1000
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June 14, 2014, 02:49:27 PM |
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Community can vote for weather to reduce block reward more quickly.
i do advice Supercoin can update source code again tomorrow, and reduce the block reward to 64 Supercoin or 32 Supercoin directly and then halves everyweek, until we reach 2coin or 1coin block reward, then we can end the pow and turn to a pure pos coin.
we do not need to suffer another 1 month Multipool dumping.or it may kill the young and promising Supercoin
Community can discuss this issue.
it seems both Darkcoin and XC coin make successive update to face Multipool's dumping, we may also need to make a tough decision again.
Thank you very much. welcome any comments on this advice, good or bad? Dev and Community together make a decision for a better Supercoin!
Also dev is very busying at Anon Wallet test on sunday, if we can reduce block reward first, we can put off another two days for Anon Wallet test, i believe Community will Support this. Thanks for your Support.
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jakiman
Legendary
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Activity: 1638
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jakiman is back!
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June 14, 2014, 02:51:14 PM |
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Multipool is really dumping Super down hard. Anything we can do to stop this madness?
There are 960 blocks per day that gets mined right now under PoW. That's 960 x 512 = 491520 coins per day of inflation. At 5000 sat, that's 25 BTC worth of coins that gets mined per day. Now let's say multipool is mining 80% of all PoW coins. (worst case scenario) That's 20 BTC worth of dumps per day. That's a tiny amount considering the trade volume of 300+ BTC per day. So what's all this crying over multipool dumps? In less than 4 days, that will reduce to HALF due to reward halving. Meaning, either only 10 BTC per day of dumps or 20 BTC if SUPER goes to 10k sat. So I repeat, that's not a big amount considering the trade volume that we would all like. (100+ BTC min) So what's all this crying over multipool dumps again?The only reason price is going down is because: 1. People cashing out BTC due to ghash & FBI etc. 2. Other alts getting bigger pumps currently. 3. Too many people here crying about multipool dumps when it's not that significant. Instead, tweet more about #supercoin, write positive posts in this thread etc. We only need few extra investors per day to withstand any multipool dumps. You guys aren't really helping.
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HardwarePal
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June 14, 2014, 02:58:18 PM |
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Its currently in POW only with 60K Blocks of which all blocks contained 512 coins and some superblocks ( worth more than 512) , so in other words with no POS you have a total of 30720000 + coins (31million). Get info shows 11184285.51366728 (11 million) Explain dev thanks
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mctaino
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June 14, 2014, 02:59:21 PM |
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Multipool is really dumping Super down hard. Anything we can do to stop this madness?
There are 960 blocks per day that gets mined right now under PoW. That's 960 x 512 = 491520 coins per day of inflation. At 5000 sat, that's 25 BTC worth of coins that gets mined per day. Now let's say multipool is mining 80% of all PoW coins. (worst case scenario) That's 20 BTC worth of dumps per day. That's a tiny amount considering the trade volume of 300+ BTC per day. So what's all this crying over multipool dumps? In less than 4 days, that will reduce to HALF due to reward halving. Meaning, either only 10 BTC per day of dumps or 20 BTC if SUPER goes to 10k sat. So I repeat, that's not a big amount considering the trade volume that we would all like. (100+ BTC min) So what's all this crying over multipool dumps again?The only reason price is going down is because: 1. People cashing out BTC due to ghash & FBI etc. 2. Other alts getting bigger pumps currently. 3. Too many people here crying about multipool dumps when it's not that significant. Instead, tweet more about #supercoin, write positive posts in this thread etc. We only need few extra investors per day to withstand any multipool dumps. You guys aren't really helping. tweet more for people to get dumped on NO, Not happening. They have to hard fork the coin or it will die end of story
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jakiman
Legendary
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Activity: 1638
Merit: 1011
jakiman is back!
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June 14, 2014, 03:00:26 PM |
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Its currently in POW only with 60K Blocks of which all blocks contained 512 coins and some superblocks ( worth more than 512) , so in other words with no POS you have a total of 30720000 + coins (31million). Get info shows 11184285.51366728 (11 million) Explain dev thanks That block count us both pow and pos blocks combined. Current pow block count is only about 15000.
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Mrjitter
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June 14, 2014, 03:02:42 PM Last edit: June 14, 2014, 03:14:21 PM by Mrjitter |
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Multipool is really dumping Super down hard. Anything we can do to stop this madness?
There are 960 blocks per day that gets mined right now under PoW. That's 960 x 512 = 491520 coins per day of inflation. At 5000 sat, that's 25 BTC worth of coins that gets mined per day. Now let's say multipool is mining 80% of all PoW coins. (worst case scenario) That's 20 BTC worth of dumps per day. That's a tiny amount considering the trade volume of 300+ BTC per day. So what's all this crying over multipool dumps? In less than 4 days, that will reduce to HALF due to reward halving. Meaning, either only 10 BTC per day of dumps or 20 BTC if SUPER goes to 10k sat. So I repeat, that's not a big amount considering the trade volume that we would all like. (100+ BTC min) So what's all this crying over multipool dumps again?The only reason price is going down is because: 1. People cashing out BTC due to ghash & FBI etc. 2. Other alts getting bigger pumps currently. 3. Too many people here crying about multipool dumps when it's not that significant. Instead, tweet more about #supercoin, write positive posts in this thread etc. We only need few extra investors per day to withstand any multipool dumps. You guys aren't really helping. Look at the support buy in bittrex now .. only 6 BTC
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jakiman
Legendary
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Activity: 1638
Merit: 1011
jakiman is back!
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June 14, 2014, 03:03:36 PM |
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Multipool is really dumping Super down hard. Anything we can do to stop this madness?
There are 960 blocks per day that gets mined right now under PoW. That's 960 x 512 = 491520 coins per day of inflation. At 5000 sat, that's 25 BTC worth of coins that gets mined per day. Now let's say multipool is mining 80% of all PoW coins. (worst case scenario) That's 20 BTC worth of dumps per day. That's a tiny amount considering the trade volume of 300+ BTC per day. So what's all this crying over multipool dumps? In less than 4 days, that will reduce to HALF due to reward halving. Meaning, either only 10 BTC per day of dumps or 20 BTC if SUPER goes to 10k sat. So I repeat, that's not a big amount considering the trade volume that we would all like. (100+ BTC min) So what's all this crying over multipool dumps again?The only reason price is going down is because: 1. People cashing out BTC due to ghash & FBI etc. 2. Other alts getting bigger pumps currently. 3. Too many people here crying about multipool dumps when it's not that significant. Instead, tweet more about #supercoin, write positive posts in this thread etc. We only need few extra investors per day to withstand any multipool dumps. You guys aren't really helping. tweet more for people to get dumped on NO, Not happening. They have to hard fork the coin or it will die end of story lol. Did you even read and understand what i wrote? Do you know how trading works? Multipool sells mostly at market price. New investors BUY them because they WANT to. New investors would actually be happy that they can buy it cheaper thanks to multipool.
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supercointeam (OP)
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June 14, 2014, 03:07:37 PM |
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Multipool is really dumping Super down hard. Anything we can do to stop this madness?
There are 960 blocks per day that gets mined right now under PoW. That's 960 x 512 = 491520 coins per day of inflation. At 5000 sat, that's 25 BTC worth of coins that gets mined per day. Now let's say multipool is mining 80% of all PoW coins. (worst case scenario) That's 20 BTC worth of dumps per day. That's a tiny amount considering the trade volume of 300+ BTC per day. So what's all this crying over multipool dumps? In less than 4 days, that will reduce to HALF due to reward halving. Meaning, either only 10 BTC per day of dumps or 20 BTC if SUPER goes to 10k sat. So I repeat, that's not a big amount considering the trade volume that we would all like. (100+ BTC min) So what's all this crying over multipool dumps again?The only reason price is going down is because: 1. People cashing out BTC due to ghash & FBI etc. 2. Other alts getting bigger pumps currently. 3. Too many people here crying about multipool dumps when it's not that significant. Instead, tweet more about #supercoin, write positive posts in this thread etc. We only need few extra investors per day to withstand any multipool dumps. You guys aren't really helping. Agreed most of parts. 960 is theoretical number, we have in reality see about 750-800 blocks found daily... If you notice recent posts you can see alot of new people in the scene, if we cut mining, we will cut potential community members, too. I do not say i am against second hard-fork or future improvements. But it creates extra jobs for us and put SUPER network under some risk. And each time we create extra loads on other exchanges, pools, block explorers, mac wallet updater etc We'r setting up now super mixer node and release soon the testnet Anon wallet, hopefully within 6 hours (if we dont become death tired). it will not be perfect and only at alfa stage. We will soon release beta one with feedbacks collected from you. It's only 4 days left before reward drop. Well again remember we are here to service you :-) So relax
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HardwarePal
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June 14, 2014, 03:10:59 PM |
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So 100% POS isnt an issue ?
(100%/365days) = 0.27% of total coins will be extra in POS stakes a day
Not touching this coin
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provenceday
Legendary
Offline
Activity: 1148
Merit: 1000
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June 14, 2014, 03:12:33 PM |
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Multipool is really dumping Super down hard. Anything we can do to stop this madness?
There are 960 blocks per day that gets mined right now under PoW. That's 960 x 512 = 491520 coins per day of inflation. At 5000 sat, that's 25 BTC worth of coins that gets mined per day. Now let's say multipool is mining 80% of all PoW coins. (worst case scenario) That's 20 BTC worth of dumps per day. That's a tiny amount considering the trade volume of 300+ BTC per day. So what's all this crying over multipool dumps? In less than 4 days, that will reduce to HALF due to reward halving. Meaning, either only 10 BTC per day of dumps or 20 BTC if SUPER goes to 10k sat. So I repeat, that's not a big amount considering the trade volume that we would all like. (100+ BTC min) So what's all this crying over multipool dumps again?The only reason price is going down is because: 1. People cashing out BTC due to ghash & FBI etc. 2. Other alts getting bigger pumps currently. 3. Too many people here crying about multipool dumps when it's not that significant. Instead, tweet more about #supercoin, write positive posts in this thread etc. We only need few extra investors per day to withstand any multipool dumps. You guys aren't really helping. Agreed most of parts. 960 is theoretical number, we have in reality see about 750-800 blocks found daily... If you notice recent posts you can see alot of new people in the scene, if we cut mining, we will cut potential community members, too. I do not say i am against second hard-fork or future improvements. But it creates extra jobs for us and put SUPER network under some risk. And each time we create extra loads on other exchanges, pools, block explorers, mac wallet updater etc We'r setting up now super mixer node and release soon the testnet Anon wallet, hopefully within 6 hours (if we dont become death tired). it will not be perfect and only at alfa stage. We will soon release beta one with feedbacks collected from you. It's only 4 days left before reward drop. Well again remember we are here to service you :-) So relax OK. Thanks for the update. let's wait for the Wallet release and how Multipool's affect going.
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bitcoinwonders010
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June 14, 2014, 03:15:33 PM |
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Multipool is really dumping Super down hard. Anything we can do to stop this madness?
There are 960 blocks per day that gets mined right now under PoW. That's 960 x 512 = 491520 coins per day of inflation. At 5000 sat, that's 25 BTC worth of coins that gets mined per day. Now let's say multipool is mining 80% of all PoW coins. (worst case scenario) That's 20 BTC worth of dumps per day. That's a tiny amount considering the trade volume of 300+ BTC per day. So what's all this crying over multipool dumps? In less than 4 days, that will reduce to HALF due to reward halving. Meaning, either only 10 BTC per day of dumps or 20 BTC if SUPER goes to 10k sat. So I repeat, that's not a big amount considering the trade volume that we would all like. (100+ BTC min) So what's all this crying over multipool dumps again?The only reason price is going down is because: 1. People cashing out BTC due to ghash & FBI etc. 2. Other alts getting bigger pumps currently. 3. Too many people here crying about multipool dumps when it's not that significant. Instead, tweet more about #supercoin, write positive posts in this thread etc. We only need few extra investors per day to withstand any multipool dumps. You guys aren't really helping. Agreed most of parts. 960 is theoretical number, we have in reality see about 750-800 blocks found daily... If you notice recent posts you can see alot of new people in the scene, if we cut mining, we will cut potential community members, too. I do not say i am against second hard-fork or future improvements. But it creates extra jobs for us and put SUPER network under some risk. And each time we create extra loads on other exchanges, pools, block explorers, mac wallet updater etc We'r setting up now super mixer node and release soon the testnet Anon wallet, hopefully within 6 hours (if we dont become death tired). it will not be perfect and only at alfa stage. We will soon release beta one with feedbacks collected from you. It's only 4 days left before reward drop. Well again remember we are here to service you :-) So relax yes but even if reward drops, price may go up and were back to square 1. ive expressed my thoughts. i saw how that 60btc buy wall got taken out by multipools dump, so im waiting to buy when they do. coin has potential, but that potential will be limited thanks to multipools
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provenceday
Legendary
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Activity: 1148
Merit: 1000
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June 14, 2014, 03:16:45 PM |
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We'r setting up now super mixer node and release soon the testnet Anon wallet, hopefully within 6 hours
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peer2peer360
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June 14, 2014, 03:17:44 PM |
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It seems the super community has expressed a legitimate concern.
I would like to thank provenceday by allowing the super community to vote on what should be done. (mutlipool dumping, cut coin supply)
with careful consideration & proper planning SUPER has the potential to do extremely well yet, only time can tell.
its important that investors are heard.
My clients & I are heavily invested in super.
regards Peer2Peer360 Group
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jakiman
Legendary
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Activity: 1638
Merit: 1011
jakiman is back!
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June 14, 2014, 03:18:11 PM |
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Look at the support buy in bittrex now .. only 6 BTC , multipool has kill the coin
That has nothing to do with multipool. There has been 246 BTC trade vol in last 24 hours on Bittrex. That means 246 BTC of coins were "bought" within last 24 hours. Multipool dumps only contributed 20-30 BTC at most during this time. (worst scenario) So how did multipool kill the coin again? Can you please explain with any form of proof?
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Mrjitter
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June 14, 2014, 03:20:07 PM |
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Look at the support buy in bittrex now .. only 6 BTC , multipool has kill the coin
That has nothing to do with multipool. There has been 246 BTC trade vol in last 24 hours on Bittrex. That means 246 BTC of coins were "bought" by the traders. Multipool dumps only contributed 20-30 BTC at most. (that's worst case scenario also) So how did multipool kill the coin again? Can you please explain with any form of proof? Multipool drop the price and stop the hype or momentum while the coin was rising.
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mctaino
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June 14, 2014, 03:27:27 PM |
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So 100% POS isnt an issue ?
(100%/365days) = 0.27% of total coins will be extra in POS stakes a day
Not touching this coin
What a shame, I had hopes for supercoin. Without this coin going into pos now it is dead. Releasing an unfinished anon beta test in the middle of pow is insane. Suggestion End Pow, make sure is done right and then release your anon wallet. If not is fine I understand but it is risky investment...
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provenceday
Legendary
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Activity: 1148
Merit: 1000
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June 14, 2014, 03:27:41 PM |
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Look at the support buy in bittrex now .. only 6 BTC , multipool has kill the coin
That has nothing to do with multipool. There has been 246 BTC trade vol in last 24 hours on Bittrex. That means 246 BTC of coins were "bought" by the traders. Multipool dumps only contributed 20-30 BTC at most. (that's worst case scenario also) So how did multipool kill the coin again? Can you please explain with any form of proof? Multipool drop the price and stop the hype or momentum while the coin was rising. That's really make sense. hope Community can discuss this after Anon Wallet come out.it seems our superdev are super buying on Anon Wallet test now. take it easy guys, Supercoin will reward you sooner or later.
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