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JasonSW
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June 19, 2014, 01:37:45 AM |
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FRAC is a (relatively) rare coin with some interesting new features to increase security and encourage mining even after end of POW. The distribution seems to be fair and a lot of bounties have been paid out as promised.
Right now the price is depressed due to lack of exchanges. I think when FRAC gets onto Poloniex, the price will rise because of the extra liquidity. Bittrex doesn't have enough volume by itself to provide the prices that miners want.
I think in a week or so FRAC should normalize a decent amount higher than where it is right now. After that, it's all on the users and developers to add value to the coin and promote it.
Hope this is true.. I see too many coins that dead after pow over, and devs gone, no any method helping coin alive.. I will invest some, but not much, and see how will it happen. There will be percentage fees in support of block reward too and difficulty adjustment using Slingshield implemented at the first time that more secure the network, details here: https://github.com/fractalcoin/fractalcoin/blob/master/whitepaper.pdf |
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wendy5
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June 19, 2014, 01:39:42 AM |
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how about the premine use for？
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JasonSW
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June 19, 2014, 01:42:19 AM
Last edit: June 19, 2014, 10:55:33 PM by JasonSW |
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JasonSW
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June 19, 2014, 01:47:58 AM |
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There are strong buying walls at around 40K sat, pretty much touching the bottom, people hesitate to invest in this right now could be just the time, price rises up once FRAC hitting poloniex with higher trading volume, and that won't be that long in terms of the votes.
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burnbabyburn71
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June 19, 2014, 05:47:59 AM |
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There are strong buying walls at around 40K sat, pretty much touching the bottom, people hesitate to invest in this right now could be just the time, price rises up once FRAC hitting poloniex with higher trading volume, and that won't be that long in terms of the votes.
How do you know it will hit Poloniex? Its right now number 10 on the voting list, quite far away from actually going on the exchange. |
Web Dev | General Graphics Design | Windows/Linux Wallet Compiles | Certified member of the BCs
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Dancingk
Member
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Activity: 84
Merit: 10
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June 19, 2014, 05:48:34 AM |
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any special about this coin?
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ereborltc
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June 19, 2014, 06:52:16 AM |
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1 million coins and sling shield ! amazing ! love it!
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vcoinminer0938
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June 19, 2014, 09:20:55 AM |
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any special about this coin?
Not see any special yet, am still watching.. |
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vcoinminer0938
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June 19, 2014, 10:56:21 AM |
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I am a little bit surprise the 24h volume of FRAC on bittrex & buy wall..
still, watching on this interesting coin.
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originalchilli
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June 19, 2014, 11:30:56 AM |
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price has been holding around 41000sat for the last 26 hours or so.
have we seen the last of the multipool dumps?
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FOLLOW ME ON TWITTER - @originalchilli
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vcoinminer0938
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June 19, 2014, 11:37:30 AM |
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price has been holding around 41000sat for the last 26 hours or so.
have we seen the last of the multipool dumps?
Perhaps. I just found this coin today earlier, am buying some.. It's lucky that I get into this coin @ right time. If Frac can hit poloniex soon, it will at least gain some great pump...  |
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bluepixie
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June 19, 2014, 12:09:51 PM |
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price has been holding around 41000sat for the last 26 hours or so.
have we seen the last of the multipool dumps?
It will be on multipools for several weeks. Price is very low for coin that is so hard to mine. I have 35Mh mining it and get 30-35 coins a day. Only 1,000,000 coins total. should trade around .003-.01 BTC and is at .00041BTC Lots of potential at a great price. I think it should be around a $1-$1.50 a coin and its at $.25 Very good distribution with long POW stage. Good Coin! Im buying more. |
silk: BGBAs75ApT81uGLQZN7qdzrUVj8DXiYscF
piggy: pbDUdRPkhoxTGLmrXp4wuMgwoHbUfgrTW8
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vcoinminer0938
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June 19, 2014, 12:45:04 PM |
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price has been holding around 41000sat for the last 26 hours or so.
have we seen the last of the multipool dumps?
It will be on multipools for several weeks. Price is very low for coin that is so hard to mine. I have 35Mh mining it and get 30-35 coins a day. Only 1,000,000 coins total. should trade around .003-.01 BTC and is at .00041BTC Lots of potential at a great price. I think it should be around a $1-$1.50 a coin and its at $.25 Very good distribution with long POW stage. Good Coin! Im buying more. It really depends. Hard to mine is not equal to high price. Look at those super rare number coins : 42 coins, 1coin, sync, and much more. all failed. The key to make people buy & buy is innovate & hype & marketing. There has no other tricks, just hype, marketing & innovate.. Oh! did I say honest is most important thing of key to success? |
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ABBAS
Member
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Activity: 112
Merit: 10
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June 19, 2014, 12:54:15 PM |
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After 28 days FRAC is NOT switching to PoS. It is pure PoW. After 28 days, percentage based transaction fees will kick in to cause fees to be much higher (but still quite fair) .This will work to compensate miners and to ensure the network remains profitable to mine and secure.
[/quote]
Hi Fractalcoin,
can somebody tell me after the regular pow do I have to move the coins to a wallet to earn the fees??
Will the power consumption be the same like in a wallet staking (negligible) or like now which is mining??
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JasonSW
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June 19, 2014, 01:27:41 PM |
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There are strong buying walls at around 40K sat, pretty much touching the bottom, people hesitate to invest in this right now could be just the time, price rises up once FRAC hitting poloniex with higher trading volume, and that won't be that long in terms of the votes.
How do you know it will hit Poloniex? Its right now number 10 on the voting list, quite far away from actually going on the exchange. FRAC was listed there for just few days and quickly gained votes, kinda showing strong supports from community, I believe wouldn't be that long to hit polo. |
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JasonSW
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June 19, 2014, 01:29:29 PM |
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After 28 days FRAC is NOT switching to PoS. It is pure PoW. After 28 days, percentage based transaction fees will kick in to cause fees to be much higher (but still quite fair) .This will work to compensate miners and to ensure the network remains profitable to mine and secure.
Hi Fractalcoin,
can somebody tell me after the regular pow do I have to move the coins to a wallet to earn the fees??
Will the power consumption be the same like in a wallet staking (negligible) or like now which is mining??
You may try IRC channel for quick reply from Dev, usually they are there probably too busy to keep an eye on the thread as I know. |
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sluppy
Legendary
Offline
Activity: 2020
Merit: 1041
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June 19, 2014, 04:01:49 PM |
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price has been holding around 41000sat for the last 26 hours or so.
have we seen the last of the multipool dumps?
It will be on multipools for several weeks. Price is very low for coin that is so hard to mine. I have 35Mh mining it and get 30-35 coins a day. Only 1,000,000 coins total. should trade around .003-.01 BTC and is at .00041BTC Lots of potential at a great price. I think it should be around a $1-$1.50 a coin and its at $.25 Very good distribution with long POW stage. Good Coin! Im buying more. It really depends. Hard to mine is not equal to high price. Look at those super rare number coins : 42 coins, 1coin, sync, and much more. all failed. The key to make people buy & buy is innovate & hype & marketing. There has no other tricks, just hype, marketing & innovate.. Oh! did I say honest is most important thing of key to success? Innovation got a place in your list m8 ? |
The only thing necessary for the triumph of evil is for good men to do nothing. Edmund Burke -- May the forces of evil become confused on the way to your house.George Carlin
We pay for life with death , so everything in between should be free. Bill Hicks -- It is during our darkest moments that we must focus to see the light. Aristotle
Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment. Buddha -- The only true wisdom is in knowing you know nothing. Socrates
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timertrainer
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June 19, 2014, 05:40:25 PM |
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FRAC will hit 0.01 this weekend...  |
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jpouza
Legendary
Offline
Activity: 2730
Merit: 1116
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June 19, 2014, 05:58:22 PM |
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FRAC will hit 0.01 this weekend... WoW, that's a huge statement. If so, I'll be very thankfull. |
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Toninho
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June 19, 2014, 07:00:02 PM |
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FRAC will hit 0.01 this weekend... Hummmm   |
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