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Author Topic: Bitmark  (Read 602528 times)
pvnamk19
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September 25, 2014, 01:05:13 PM
 #1561

The next difficulty will be ~3k  Huh Huh Huh

No, it can only go up by 4 times. That's not a correct estimate.

edit: Diff: 1953.30771918
Thanks for clarification!
I am learning to mine this coin.
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klopper
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September 25, 2014, 01:36:39 PM
 #1562

If you don't want to mine at high difficulty you can mine at a multipool

I have been mining at: http://www.simplemulti.com/

Works great, good payouts.

But you should throw a little % of your hash to move the BTM blocks aswell. Smiley
coinsolidation
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September 25, 2014, 01:38:28 PM
 #1563

If you don't want to mine at high difficulty you can mine at a multipool

Even at this difficulty it is as profitable or more so than litecoin and doge on average.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
klopper
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September 25, 2014, 01:40:50 PM
 #1564

If you don't want to mine at high difficulty you can mine at a multipool

Even at this difficulty it is as profitable or more so than litecoin and doge on average.

It is? I got to learn to do those calculations...

I stand corrected, thanks Smiley
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September 25, 2014, 01:49:25 PM
 #1565

If you don't want to mine at high difficulty you can mine at a multipool

Even at this difficulty it is as profitable or more so than litecoin and doge on average.

It is? I got to learn to do those calculations...

I stand corrected, thanks Smiley

The fastest anybody can sell BTM from mining, is after 727 blocks - 721+6 for confirmation. This can be anything up to 5 days after mining depending on speed of the network. It should be just over 24 hours when the network is performing optimally.

So far everybody who has mined consistently, certainly that I have spoken to, is in profit.

To quote something written earlier:

Difficulty, revisited

Satoshi told us, and we have quoted before:

In the absence of a market to establish the price, NewLibertyStandard's estimate based on production cost is a good guess and a helpful service (thanks).  The price of any commodity tends to gravitate toward the production cost.  If the price is below cost, then production slows down.  If the price is above cost, profit can be made by generating and selling more.  At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.

now what has happened with other currencies, is that they have changed the special formula from "If the price is below cost, then production slows down."

through short diff changes and things like kgw/dgw they have changed it to "If the price is below cost, then production cost falls"

which has killed them, or made it hard for them to survive

whereas with us we have the special formula from satoshi.

In high diff, low hashrate periods, the production of BTM slows, some days we have 3000 created instead of 14400. Reduced supply.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
raulrichart
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September 25, 2014, 02:16:22 PM
 #1566

why high diff lasts 5 days and low diff only 2,5 hours?
victorteoh
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September 25, 2014, 02:17:26 PM
 #1567

Of course it had to rise first before it fell. But I am really worried about my investment in this coin. Sold half of the coins. When/if we go below 100 I am selling the rest of them. In how many weeks would you expect the price to go back to 240k?
Buy high, sell low.

Best tactic ever. Can confirm.

I know right. It's like buying BTC at $500 and holding when it rose to $1200 and wanting to sell at $350. Repeat this cycle and your btc/bank dries up.

Do u have any idea who the devs are? If you know the people in this project (please do some digging), you will be surprised and hoard as many BTM as possible! p.s. not many people know the real deal yet Smiley I would say 0.01 before end of this year  Wink


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victorteoh
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September 25, 2014, 02:18:12 PM
 #1568

why high diff lasts 5 days and low diff only 2,5 hours?

Magic


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Este Nuno
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September 25, 2014, 02:35:57 PM
 #1569

why high diff lasts 5 days and low diff only 2,5 hours?

Difficulty changes ever 720 blocks. So when the difficulty is low lots of people point their hashing at the network making blocks go very quickly.
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September 25, 2014, 04:27:16 PM
 #1570

Buy Orders   is   very'    strong
agsbtter
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September 25, 2014, 04:36:09 PM
 #1571

Buy Orders   is   very'    strong
The whale began to action
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September 25, 2014, 09:14:30 PM
 #1572

http://54.69.78.111/getting_started

New pool, NOMP style so no centralization. Check it out.

vuduchyld
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September 25, 2014, 10:03:00 PM
 #1573

Regarding mining...Anybody got any AMI's set up on Amazon EC2?
coinsolidation
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September 25, 2014, 11:04:11 PM
 #1574

Regarding mining...Anybody got any AMI's set up on Amazon EC2?

You would need scrypt ASICs to be cost effective. Even the Tesla GPU instances wouldn't net you a single BTM.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
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September 26, 2014, 12:44:10 AM
 #1575

OK...thanks for the info!

By the way, I read the interview.  Loved it!  Really looking forward to participating more in the Bitmark community.  You are doing great work!
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September 26, 2014, 01:17:11 PM
 #1576

How so quiet Shocked
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September 26, 2014, 01:18:05 PM
 #1577

How so quiet Shocked

Devs busy working Cheesy
coinsolidation
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September 26, 2014, 01:27:05 PM
 #1578

How so quiet Shocked

We keep the thread for notable updates and for answering questions from the bitcointalk community.

Slack, Trello, GitHub, IRC, Email, Twitter are but a few of our communication channels.

[Slack] Past 24 Hours
1,525 messages have been posted by people (plus another 245 messages from integrations) and 3 files have been uploaded. There are 22 people reading and 15 people posting, out of 60 people on your team.

The past 24 hours have been quiet, but not so quiet.

Bitmark (reputation+money) : Bitmark v0.9.4 (release)
Breasal
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September 26, 2014, 04:17:23 PM
Last edit: September 26, 2014, 04:28:45 PM by Breasal
 #1579

How so quiet Shocked

We keep the thread for notable updates and for answering questions from the bitcointalk community.

Slack, Trello, GitHub, IRC, Email, Twitter are but a few of our communication channels.

[Slack] Past 24 Hours
1,525 messages have been posted by people (plus another 245 messages from integrations) and 3 files have been uploaded. There are 22 people reading and 15 people posting, out of 60 people on your team.

The past 24 hours have been quiet, but not so quiet.

I've got a Slack account, how do I go about getting on with the Bitmark team?

Edit: no info on OP about that.
dannygroove
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September 26, 2014, 04:19:02 PM
 #1580

You need an invite with that email. PM me with your mail and ill add ya
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