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Author Topic: BTCD is no more  (Read 1318301 times)
crackfoo
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August 26, 2014, 12:22:24 PM
 #4621



I also always dump the other coins through LTC markets if they exist as then I end up with more BTC versus a straight exchange to BTC.
Based on my multipool set up i only receive BTC so i directly exchange them to BTCD

exactly. I tend to stick to mining coins and dumping them for a couple reasons. One being it brings down their prices (competition) and also can take advantage in upswings. On the downside, it's higher maintenance.

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Reply with quote  #2

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id10tothe9
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August 26, 2014, 12:24:59 PM
 #4622

Interesting thing I found that, on Windows 8 there is more active connection to BitcoinDark network (found 67+) rather than Windows 7. I used to get only 16 active connections from Win7 but getting 27 today morning. Don't know anything about Mac or Linux. Just for the clarification, used 2 different laptops on different networks.

getting 16 on Mac too Smiley

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IceColdTommy
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August 26, 2014, 12:25:17 PM
 #4623



I also always dump the other coins through LTC markets if they exist as then I end up with more BTC versus a straight exchange to BTC.
Based on my multipool set up i only receive BTC so i directly exchange them to BTCD

exactly. I tend to stick to mining coins and dumping them for a couple reasons. One being it brings down their prices (competition) and also can take advantage in upswings. On the downside, it's higher maintenance.
Well its a lot higher maintenance, that's why i choosed this way, nothing to do except to watch, everything is automated, no coins or pools to monitor at all, good profitability and i don't like to kill other coins prices
Djentriser
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August 26, 2014, 01:03:00 PM
 #4624

Someone should set up a Bitcoindark forum.

prospect
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August 26, 2014, 01:39:28 PM
 #4625

Did anyone recieve the bounty for block explorer? i can fix a good one, with graphs and shit (colors, gifs.. you name it;))

Edit: No i will NOT use abe. Will probably code a big part of it on my own.
martinyin
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August 26, 2014, 01:44:40 PM
 #4626

i'm thinking, maybe one day, 1 btcd = 1 btc...  Grin

Am I spamming? Report me!
criptix
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August 26, 2014, 02:08:18 PM
 #4627

i'm thinking, maybe one day, 1 btcd = 1 btc...  Grin

i definitly support this  Grin

meh i was sleeping and missed the new ath  Undecided
PilotofBTC
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August 26, 2014, 02:14:11 PM
 #4628


A link for the last one would be trade.secureae.com (if you aren't into NXT yet you can buy there with BTC).
YesOrNo
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August 26, 2014, 02:22:46 PM
 #4629

Correction happening....   now  0.00905

Are you blind,silly or spreading some fud here a bot pushes the price down and some people/weak hands selling after that they will cry   Grin
PilotofBTC
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August 26, 2014, 02:26:24 PM
 #4630

I have done this before with LTC and it took 3-4 days.
that might end in buying 25 btcd instead of 50 as price go up like crazy

I use bittylicious, coins are delivered within 10 minutes of payment. So your just waiting for the 2 confirms to buy your BTCD really.

what I mean is that it takes 3-4 days for the bank transfer to arrive. not to receive the coins

It doesn't. The whole process takes me about 10 minutes, then I'm sent my coins and just need the network confirms to spend them. Im from the UK though and can send faster payments, so It might be different for you.
in USA it is faster to purchase a gun than crypto
no joke

I can purchase up to $1000 per week instantly at Coinbase. Granted, it took a month to get to that point. But, yes, coming in cold your best bet for fast is local bitcoins, meet someone at a police station with cash and have you BTC 10 mins later.
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August 26, 2014, 02:28:00 PM
Last edit: August 26, 2014, 02:44:30 PM by PilotofBTC
 #4631

again still not sure on how to proceed.
A friend and I we have $150 + $150 available for BTCD
Which is wiser?
pay $300 for 15mh/s hashlet for 12 months and convert btc to btcd (probably on a daily basis)
or buy around 50 BTCD directly?

first option will have to ROI first

Buy BTCD. Don't waste your money on a miner, as time goes on, that 15 mh/s will make next to nothing. Take a look at some mining calculators, you'll actually start loosing money a few months down the line.  

Don't forget, you'll need to earn your initial investment of $300 back before you even make any money.  Compare that to the steady 5%+/-~ BTCD was making.
I agree buying miner or renting hash it just wont pay off, but if you already have a miner pointing it to the multipools is good
I have a small 9.2gh/s sha256 miner a 1.3mh/s scrypt miner and some hours per day an R9-280x gpu.
Do you have any idea why it gives only rejects with scrypt-n ?
sgminer -k scrypt-n -o stratum+tcp://stratum.nicehash.com:3335 -u mywalletaddress -p x -I 13
I have tried -k zuikkis too but only rejects (Share above target)
are you getting any HW errors

BTW, the GAW Miner Hashlets mine alt coins on a mutilpool. So, difficulty doesn't really affect it. I am getting about 15% per week return on the cloud miner price. The big bonus is you can buy them with credit card if you are starting from 0 BTC.
shrekster
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August 26, 2014, 02:35:50 PM
 #4632

Ive been hearing about a pump to .10 today. Anyone else know anything about this?
SHossain
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August 26, 2014, 02:36:06 PM
 #4633

Number 11 on coinmarketcap now. James' target was to make BTCD top 10. Not far away. HODLing and staking my 2K coins. I sold about 50 BTCD total during the PoW phase and will not do it anytime soon. I will not be surprised if the coin's price goes above $100 in next 1-2 months. Not a whale and don't have enough money to buy more. Been telling all my friends to invest in BTCD.

BTW James, I'm not a coder. I talked to some of my friends to make an Android wallet for BTCD. They have experience in making Android apps. They are bit busy with their current project and told me they can help with it on or after first week of September. They code in C as well but I don't think they are smarter than you to help you reviewing the libjl777 code.

Just a few quick question as noob:

- Will it be easier to use QT to make the wallet for Android and use the source code from Github?
- If they can create an wallet from the source code will we be able to stake with it on any Android device with internet connection?

Love the works you guys been doing.

Edit: My friends don't have any crypto experience (yet).

How did you manage to get 2000 coins?
Pfff! Im struggling to get a couple of hundred  Cheesy

I mined during the PoW with my 1 TH S2 miner, rented some rigs with previously mined BTC and sold other altcoins in loss for BTC to rent rigs. After PoW finished, mined BTC and bought everyday at market price. Now, I'm happy that I sold all my altcoins Smiley
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August 26, 2014, 02:41:02 PM
 #4634

Ive been hearing about a pump to .10 today. Anyone else know anything about this?

Nope haven't heard anything.

But those pumpers can stay the f*** away anyway.

I like slow steady growth.
Bitcycle
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August 26, 2014, 02:46:21 PM
 #4635

Ive been hearing about a pump to .10 today. Anyone else know anything about this?

Nope haven't heard anything.

But those pumpers can stay the f*** away anyway.

I like slow steady growth.

0.1 today is a little....ambitious.

Don't expect a 10x increase in one day, people.

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August 26, 2014, 02:51:31 PM
 #4636

Ive been hearing about a pump to .10 today. Anyone else know anything about this?

Nope haven't heard anything.

But those pumpers can stay the f*** away anyway.

I like slow steady growth.

0.1 today is a little....ambitious.

Don't expect a 10x increase in one day, people.



agreed. I want this coin to reach .1 for sure, but pump and dumps ruin coins reputation.
noashh
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August 26, 2014, 03:06:41 PM
 #4637

too big to short

I like that.
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August 26, 2014, 03:16:12 PM
 #4638

Number 11 on coinmarketcap now. James' target was to make BTCD top 10. Not far away. HODLing and staking my 2K coins. I sold about 50 BTCD total during the PoW phase and will not do it anytime soon. I will not be surprised if the coin's price goes above $100 in next 1-2 months. Not a whale and don't have enough money to buy more. Been telling all my friends to invest in BTCD.

BTW James, I'm not a coder. I talked to some of my friends to make an Android wallet for BTCD. They have experience in making Android apps. They are bit busy with their current project and told me they can help with it on or after first week of September. They code in C as well but I don't think they are smarter than you to help you reviewing the libjl777 code.

Just a few quick question as noob:

- Will it be easier to use QT to make the wallet for Android and use the source code from Github?
- If they can create an wallet from the source code will we be able to stake with it on any Android device with internet connection?

Love the works you guys been doing.

Edit: My friends don't have any crypto experience (yet).

How did you manage to get 2000 coins?
Pfff! Im struggling to get a couple of hundred  Cheesy

You have to be able to hold for months on end..
I made the mistake to get out for a while but I am back in

Potential of this coin is to big to short


I've learned my lessons. Not selling a single BTCD. I missed the launch of BTCD due to day to day job. Could get bit more coin if I could start mining from the beginning. As per James' advice, just HODLing. No plan to sell them at all in near future. Don't even mind to sell them before a year. He's working round the clock faster than anyone else on earth. Have respect for the whole dev team and they are delivering what they have said.

BTCD to the moon!
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August 26, 2014, 03:41:00 PM
Last edit: August 26, 2014, 04:31:35 PM by Eron
 #4639

Ive been hearing about a pump to .10 today. Anyone else know anything about this?

Yeah and I've heard about 1.0 too ...
Very funny.

Don't spread FUD, by posting stupid questions, or if it was a real question then of course it is technically impossible.

Enjoy 0.01, it's already quite impressive !

And for everybody asking if it is too late to invest in BTCD or not, I'd say definitely NOT, but it's just my opinion  Wink

If you want to make your own opinion, just start to read this thread from page number ... 1.  Cheesy

Edit: technically impossible for today to reach 0.10, but of course possible in the next months coming !
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August 26, 2014, 03:50:23 PM
 #4640

From: https://nxtforum.org/index.php?topic=4788.msg91304#msg91304

###
Asset ID
3267494002243225342
Ticker symbol
ShortBTCD

--------------

This a synthetic shorting product for the price of BitcoinDark (BTCD). If the Bitcoin-denominated price of BTCD (BTCD/BTC) goes down, ShortBTCD goes up (and vice versa). Initial Price: 100 NXT.

ShortBTCD aims to generate a daily percentage gain inverse to that of BTCD/BTC. Issuer will support ShortBTCD Target Price with orders on the Asset Exchange.

ShortBTCD Target Price equals the most recent ShortBTCD Daily Reference Price minus the percentage change in BTCD/BTC from the most recent BTCD Daily Reference Price. ShortBTCD Daily Reference Price is set daily at or around 10 am ET to current ShortBTCD Target Price. BTCD Daily Reference Price is a weighted average as reported at coinmarketcap.com or comparable substitute, at issuer's discretion, at or around 10 am ET. Issuer will maintain price support on a best effort basis and makes no assurances of timeliness or accurate calculation or reporting of involved prices.

Daily reference price updates and history will also be enshrined at twitter.com/shortnxt.

Also worth noting, given the extreme volatility in BTCD, the orders maintained by the issuer on the order book will tend to be smaller than the actual available liquidity at/near the fair market value.  Given the occasional slow block, it's unwise to maintain an enormous bid or ask that can quickly become a foolish price to be picked off.  So if you're looking to enter/exit a larger position than the order book seems to accommodate, just leave the rest of your order on the book and  - assuming the price is still appropriate - it will be filled (up to the point that the issuer's actual risk limits are reached).

###
For those of you that are not quite understanding all this, this allows you to lock in the current price. of course it it keeps going up, you are losing money on the shortBTCD, but its canceled out by the gains. If you match the value of shortBTCD with the value of your BTCD, then your combined value for both should stay pretty much the same.

So, you can keep staking while locking in a nice ATH price and if it does drop, then you lose money on the BTCD, but make up for it with the shortBTCD. Then you sell the shortBTCD right before the price goes back up.

Now, shortBTCD is not a realtime instrument, it is daily, so it is more for hedging your overall risk without needed to actually sell any BTCD

this is not for everyone, but if you understand it, it is quite useful in situations, especially if we ever get back to thinly traded markets where even one BTC would move the price

James

Very smart.

Are you planning other coins ?
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