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zing96
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June 24, 2014, 02:19:19 PM |
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I've been following this coin since the relaunch, however I just now registered an account here to comment.
While the developments coming out are awesome and the Dev team is doing a great job on that front. The Multipool is leaving quite a bit to be desired. I jumped on it early (X11) and received two payments so far. Day one was great I got 42 cloak, day 2 not so great at only 12 cloak. I don't understand why profits went down so much. I'd be better off using any one of the standard multi-pools that auto convert to BTC and conducting my own BTC-Cloak trades if this is the case. I'm not going to move my miners just yet but we need more coins added and some more transparency as to earnings.
I am curious if the coins are traded through out the day as they mature or if they are dumped all at once. If dumped all at once, its going to have a big affect on our profits due to price volatility. A coin that was profitable to mine at 8am might be worth half(or double) when traded 12-24 hours later. I emailed cryptotrain support with some coin recommendations and I was told they will add them. If you are mining on the multi-pool I encourage everyone to do the same. I recommended Bluecoin, Survivorcoin, Conspiracycoin, and Granitecoin so far.
My guess is that between day 1 and day 2 the price of Cloak jumped from less than ~40k satoshi to more than 50k satoshi. So the bitcoin mined doesn't buy as many cloak. In addition, day 2 saw more miners jump on board. Thus, unless you're one of the top miners, your percentage of total shares likely dropped. That's just my two cents. I don't understand why profits went down so much. I'd be better off using any one of the standard multi-pools that auto convert to BTC As with all multipools, you're welcome to do it on your own. I've found this one to be the most convenient. CoinKing was bad for me. Multipool.us doesn't convert to Cloak. Hashcows doesn't either. If you truly do the comparison and write out the statistics, conversions, rate, etc, I bet you don't get much more by doing it yourself. |
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xcapator
Sr. Member
 Offline
Activity: 322
Merit: 252
Here I Am !!
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June 24, 2014, 02:20:00 PM |
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I'm looking to buy 2500 Cloak for 1 btc.
If interested, please PM me.
Escrow will be used. Thanks
i think noone is willing to sell CLOAK at this rate (40k sats), please bid higher  |
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ClutchThese
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June 24, 2014, 02:22:13 PM |
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I'm looking to buy 2500 Cloak for 1 btc.
If interested, please PM me.
Escrow will be used. Thanks
i think noone is willing to sell CLOAK at this rate (40k sats), please bid higher They are is they don't want the exchange to show a 1 btc move. I can wiggle a little. |
Signature for Rent - PM if Interested
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zagiel
Newbie
Offline
Activity: 2
Merit: 0
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June 24, 2014, 02:22:17 PM |
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Dear Multipool Admins X11 Algorithm - 16hours of mining with ~27mh/s My payout is 8 Cloak  Is this kind of joke or something? |
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psjbeisler
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June 24, 2014, 02:22:39 PM |
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Heyyyy nice buy  We are going to see many pro traders and investors moving from DRK to CLOAK. It's going to be a party!  Lets spam this whole DRK community full of CLOAK Yea most are already hating us as scammers anyhow, lol |
Website: psjb.meDonations: 1N6iADU4xrQRGaxjTY9PcJKkEQDRkBVUC3 |
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Alns
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June 24, 2014, 02:23:25 PM |
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Sold at the spike like a champ and rebought at 54k  |
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Uran0s
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June 24, 2014, 02:25:17 PM |
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Hey what is cloaktrade? cant find anything on first page ?
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romeshomey
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June 24, 2014, 02:27:47 PM |
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You all crack me up. There isn't even any buy support above 50. People were dumping me 1000's of cloak just an hour ago under 50. I made some really nice profits. thanks |
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w709190200
Member
Offline
Activity: 156
Merit: 10
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June 24, 2014, 02:29:19 PM |
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Interesting. Let's see how it works out!
I will continue to pay attention to this thread
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kitey
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June 24, 2014, 02:29:28 PM |
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All Hail!!!
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youngmike
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June 24, 2014, 02:30:38 PM |
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Let's do some wild speculation about the price when cloak is going to the moon.
I predict 500K after release of POSA
What is your guess based on? graphs Care to explain? This means absolutely nothing, just because 1 was successful doesnt mean that Cloak will follow the same pattern. Don't get me wrong, I do want Cloak to rise in price as well. Are you serious? As you can see, this is the biggest leap in crypto tech since Bitcoin. YEP, been say think myself. You are not helping just by saying "biggest leap in crypto tech since Bitcoin". I would like to hear actual arguments for it instead of hearing "omg its the best because i say so". So you didn't even read the first page before came here fudding? Well, I press ignore then. I did read the first page and to put it simply - I dont understand what half of those things mean, it would be nice if it was explained in a way a non techy person can understand why is Cloak better than other coins, because at the moment all I'm saying is a bunch of people shouting "cloak is amazing, we're the best", but a person like me have no idea why. Also I dont know what "fudding" means. I'm sorry. FUD = fear, uncertainty & doubt. Fudders often wan't temporary price drop so they can buy cheap in, sell higher out. |
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youngmike
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June 24, 2014, 02:31:39 PM |
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Hey what is cloaktrade? cant find anything on first page ?
Cloak client trading feature. |
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Xaltotun
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June 24, 2014, 02:35:08 PM |
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Heyyyy nice buy We are going to see many pro traders and investors moving from DRK to CLOAK. It's going to be a party! Lets spam this whole DRK community full of CLOAK Oh I hope that's a joke. Nothing more annoying than another coin fan spamming the competition threads. |
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boestin
Legendary
Offline
Activity: 1092
Merit: 1000
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June 24, 2014, 02:36:00 PM |
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Maybe we should make this thread moderated, to prevent FUDsters?
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ClutchThese
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June 24, 2014, 02:36:46 PM |
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I'm looking to buy 2500 Cloak for 1 btc.
If interested, please PM me.
Escrow will be used. Thanks
Still looking. Anyone willing to make a deal? |
Signature for Rent - PM if Interested
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heartastack
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June 24, 2014, 02:38:38 PM |
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Heyyyy nice buy We are going to see many pro traders and investors moving from DRK to CLOAK. It's going to be a party! Lets spam this whole DRK community full of CLOAK Oh I hope that's a joke. Nothing more annoying than another coin fan spamming the competition threads. Agree, most people know about cloak now let's keep building in this thread and other acceptable channels |
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SharpNieSharp
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June 24, 2014, 02:40:24 PM |
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I'm looking to buy 2500 Cloak for 1 btc.
If interested, please PM me.
Escrow will be used. Thanks
Still looking. Anyone willing to make a deal? Just use mintpal, ur offer is under actual market price as well |
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loveDry
Jr. Member
Offline
Activity: 36
Merit: 10
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June 24, 2014, 02:46:59 PM |
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Sold early.I had no idea that it would be on the mintpal.  |
EquinoxManagement - New Reliable Currency GlobAllCoin -100%IPO- (https://bitcointalk.org/index.php?topic=720348.0) 810907301@qq.com |
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heartastack
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June 24, 2014, 02:49:31 PM |
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Sold early.I had no idea that it would be on the mintpal. Erm... Marketcap is tiny. Early is NOW |
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