AnonymousEconomist
Full Member
 Offline
Activity: 154
Merit: 100
Add me on Twitter! @AnonOnAMoose
|
 |
July 23, 2014, 07:03:57 AM |
|
Damn! This coin is expensive to mine. 90mh since launch and I only have 0.57 elite. Maybe I would have had better luck solo. shit!
Help me petition the dev to cut PoW at 2k!! No one is going to pay .1 btc per ELITE when there are 20k max coins. But they will with 2k |
Add me on Twitter! @AnonOnAMoose
|
|
|
|
Monopoly
|
|
July 23, 2014, 07:05:06 AM |
|
https://lazycoins.com/ is very slow i can't put any order . Don't waste your time and din't put any order here . Waiting for adding a bigger exchanger
|
|
|
|
|
|
whatdidshedo
|
|
July 23, 2014, 07:05:29 AM |
|
@AnonymousEconomist the cost might be a little high right now, because a lot of people rented rigs and the diff is really high. I think it will drop in a few days, and more people will be able to mine! A lo of people are asking to buy/sell already, so help us get listed on Bittrex!
Retweet this:
https://twitter.com/EliteCoinDevs/status/491798731285868544
Or send them a personalized tweet! Or an email!The profitability is too low. You should defend the rig renter's investment as well. I believe this will be dumped for pennies compared to the mining cost for your average person. Sigh. I think some people will dump the coin, as they always do, but I believe the price will be high a few days later with this one! Personally, I will hold my ELITE, I don't want to sell them so cheap. High hash rates give new coins their initial value. That's why it is good to reward the miners. It costs about .1 btc per 1 ELITE with the most efficient miners for rent are you saying 0.1 btc rental would mine only 1 elite? 20000 coins times 0.1 is 2000btc cap which would be ridiculous if it happens Yes exactly what I'm saying. So despite the fact I rented, I'm going to lose a lot of my investment because of the scammy amount per block. .3 btc and im going to have 3 at the end of rental. And its the second cheapest miner for rent there. ouch, costly lesson i think it will be (i hope that you get your money back but afraid to say it is imposible) why is it impossible.no one knows what the price will settle at.with only 20000 PoW coins once the weak hands dump there is only one way the price will go. dude 2000btc market cap possible to you? |
|
|
|
|
HunterS
|
|
July 23, 2014, 07:08:23 AM |
|
u never know.its a crazy old world out there in the crypto game
|
|
|
|
|
tubesteak
|
|
July 23, 2014, 07:10:44 AM |
|
Damn! This coin is expensive to mine. 90mh since launch and I only have 0.57 elite. Maybe I would have had better luck solo. shit!
Help me petition the dev to cut PoW at 2k!! No one is going to pay .1 btc per ELITE when there are 20k max coins. But they will with 2k That's an interesting idea. I think even with 5k-10k coins would be a great cut off. |
SLG: SPWZuB9HsZVQNiHCbLQyw32EdRdVtt87We
|
|
|
flyare
Newbie
Offline
Activity: 32
Merit: 0
|
|
July 23, 2014, 07:11:38 AM |
|
nobody pay with price 0.1btc/elite  coin too expensive. |
|
|
|
|
|
whatdidshedo
|
|
July 23, 2014, 07:12:27 AM |
|
Damn! This coin is expensive to mine. 90mh since launch and I only have 0.57 elite. Maybe I would have had better luck solo. shit!
Help me petition the dev to cut PoW at 2k!! No one is going to pay .1 btc per ELITE when there are 20k max coins. But they will with 2k i'm not even mining this coin but you are making sense, otherwise all the people that rented will lose money for sure, you have my vote(for the sake of renters/miners) |
|
|
|
|
|
SwiftyNZ
Newbie
Offline
Activity: 23
Merit: 0
|
|
July 23, 2014, 07:17:45 AM |
|
Really hard to mine ! Not likely to see 2 coins from my rentals today
|
|
|
|
|
|
MartinF
|
|
July 23, 2014, 07:17:55 AM |
|
Maybe they should make a poll about the blocks, so the community can decide!
|
|
|
|
|
kiemsuphu
Member
Offline
Activity: 60
Merit: 10
|
|
July 23, 2014, 07:31:39 AM |
|
WTS 10 ELC at 0.xx, PM your offer to me
|
|
|
|
|
|
joelpina
|
|
July 23, 2014, 07:33:35 AM |
|
They were under a ddos attack seems to be working fine now. I have my orders up! |
|
|
|
|
AnonymousEconomist
Full Member
Offline
Activity: 154
Merit: 100
Add me on Twitter! @AnonOnAMoose
|
|
July 23, 2014, 07:35:46 AM |
|
I fear that if the blocks aren't reduced, we are immediately headed to catastrophe. The miners are the ones who initially promote the coin as well. I know that if I get burnt here, I'm definitely not recommending it.
|
Add me on Twitter! @AnonOnAMoose
|
|
|
|
whatdidshedo
|
|
July 23, 2014, 07:36:08 AM |
|
They were under a ddos attack seems to be working fine now. I have my orders up! am i just to tired or is this exchange showing orders upside down? |
|
|
|
|
syrota
|
|
July 23, 2014, 07:50:21 AM |
|
What are you whining. Rented miner and tore a piece of cake, and now fear. Have you thought about the other people who have no money to rent a large capacity? That's how the world works ...  |
|
|
|
|
madtrader
Newbie
Offline
Activity: 2
Merit: 0
|
|
July 23, 2014, 08:03:27 AM |
|
I want to sell more 20 ELC. What is a reasonable price?
Thanks
|
|
|
|
|
|
Jayem
|
|
July 23, 2014, 08:04:06 AM |
|
They were under a ddos attack seems to be working fine now. I have my orders up! am i just to tired or is this exchange showing orders upside down? I guess you are tired. |
|
|
|
|
Monopoly
|
|
July 23, 2014, 08:04:15 AM |
|
Please delete lazycoin from first post !
|
|
|
|
|
yogibaer
Legendary
Offline
Activity: 1131
Merit: 1001
|
|
July 23, 2014, 08:08:53 AM |
|
What are you whining. Rented miner and tore a piece of cake, and now fear. Have you thought about the other people who have no money to rent a large capacity? That's how the world works ... very true !!!!!!! +1 |
|
|
|
|
|
Liquid71
|
|
July 23, 2014, 08:33:08 AM |
|
@AnonymousEconomist the cost might be a little high right now, because a lot of people rented rigs and the diff is really high. I think it will drop in a few days, and more people will be able to mine! A lo of people are asking to buy/sell already, so help us get listed on Bittrex!
Retweet this:
https://twitter.com/EliteCoinDevs/status/491798731285868544
Or send them a personalized tweet! Or an email!The profitability is too low. You should defend the rig renter's investment as well. I believe this will be dumped for pennies compared to the mining cost for your average person. Sigh. I think some people will dump the coin, as they always do, but I believe the price will be high a few days later with this one! Personally, I will hold my ELITE, I don't want to sell them so cheap. High hash rates give new coins their initial value. That's why it is good to reward the miners. It costs about .1 btc per 1 ELITE with the most efficient miners for rent are you saying 0.1 btc rental would mine only 1 elite? 20000 coins times 0.1 is 2000btc cap which would be ridiculous if it happens Yes exactly what I'm saying. So despite the fact I rented, I'm going to lose a lot of my investment because of the scammy amount per block. .3 btc and im going to have 3 at the end of rental. And its the second cheapest miner for rent there. You're not much of an economist..lower reward is just lower supply which if there is demand will bring a higher price. And considering you knew upfront what the reward was if you think it's scammy then you scammed yourself..congrats |
|
|
|
|
