i don't like the current situation. the networkhash has reached 5G, and most of it comes from the multipools.
they will dump every coin once it's been confirmed in their wallets, and they will leave once the price drops.
and at that time, we will face a sky high diff again, and poor low networkhash power.
Thanks for that,
Yes I can empathize with your thought's to back when I was mining other coins. Going from PC to V/Cards & then ASIC equipment. Always chasing the coin I believed would hold the most profit etc. Then when you find profit opportunities it rarely lasts for long. Hash-To-Coins is a great mining pool. The way it's setup is great for the miners as you can get that very clear profitability overview on one screen etc. Obviously they will smash the most profitable coins and I just looked now on the block explorer
http://altcoinguys.blockexperts.com/song and the hash is over 6GH/s now so I guess when block 1206 is up again the hash will drop off massively.
Ever since day one of the coins release there's been a lone warrior running 25MH/s non stop. When it would get below 50MH/s I would switch on my Falcon & watch the power meter glow red. At least then it would give the coin a chance of surviving I thought. So I'm happy to see the high hash in one way as the coin is obviously healthy. As I've said before I try to invest around 1 BTC per week in the coin. Because the pre-mine is secure and we've no plans to dump them, those coins are put aside for future projects. We've already shifted quite a few out for vested parties. So I don't know who's pumping the exchange and I only know one of the other large holders. You can see who the miners are and that they're transacting lot's of coins in and out. They'd be doing alright at the moment.
Yes
hdmediaservices - I'm the one to blame for creating the original value on C-CEX.com - When it was around 2-3 ST I was buying and selling thousands a day. That was on a budget of about $20 per day. C-CEX min volume is around .10 BTC per day and the coins always traded above that volume so no worries about being delisted. NO pump & dump activity I'm aware of. These guys are usually quite open in the chat room and I've not seen any evidence of it. In my opinion it's scarcity that's pushing it up. Yesterday at one point there was on around 80K for sale.
Cheers - DP - Songcoin - Invest In Music
