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gstefans (OP)
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December 16, 2014, 10:45:49 AM
Last edit: December 16, 2014, 08:25:38 PM by gstefans |
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Any hints about what could be the right price? Has anyone estimated the costs of mining this coin? The SMLY seems to be valued at about 1 satoshi at the moment. In terms of BTC, this is so small that it seems quite difficult to work with the SMLY-BTC market. There are a few SMLY markets on c-cex: One of them is the SMLY-DOGE market. Since the total number of SMLY is of the same order as DOGE and the DOGE is valued much lower than BTC, it may be easier to find an appropriate valuation on the SMLY-DOGE market than on the SMLY-BTC market. |
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dida
Legendary
 Offline
Activity: 1190
Merit: 1000
SoNiC BooM
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December 16, 2014, 10:25:16 PM |
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Any hints about what could be the right price? Has anyone estimated the costs of mining this coin? The SMLY seems to be valued at about 1 satoshi at the moment. In terms of BTC, this is so small that it seems quite difficult to work with the SMLY-BTC market. There are a few SMLY markets on c-cex: One of them is the SMLY-DOGE market. Since the total number of SMLY is of the same order as DOGE and the DOGE is valued much lower than BTC, it may be easier to find an appropriate valuation on the SMLY-DOGE market than on the SMLY-BTC market. Try to present your project directly to Cryptsy and Bittrex (contact BigVern(cryptsy) through twitter) show them Your tedX video and I am sure that they will support Your project. Then is not necessary to downgrade SMLY to SMLY-DOGE market ...people will follow once they are on big exchanges.. |
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gstefans (OP)
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December 16, 2014, 11:31:07 PM |
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Any hints about what could be the right price? Has anyone estimated the costs of mining this coin? The SMLY seems to be valued at about 1 satoshi at the moment. In terms of BTC, this is so small that it seems quite difficult to work with the SMLY-BTC market. There are a few SMLY markets on c-cex: One of them is the SMLY-DOGE market. Since the total number of SMLY is of the same order as DOGE and the DOGE is valued much lower than BTC, it may be easier to find an appropriate valuation on the SMLY-DOGE market than on the SMLY-BTC market. Try to present your project directly to Cryptsy and Bittrex (contact BigVern(cryptsy) through twitter) show them Your tedX video and I am sure that they will support Your project. Then is not necessary to downgrade SMLY to SMLY-DOGE market ...people will follow once they are on big exchanges.. I've tried both but you're right, it is worth another try. In the meantime, there is now traffic on the SMLY-DOGE market but none on the SMLY-BTC market. Since there is clearly a considerable push by early miners to sell their coins, this could be a means to an end. |
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robzxxx
Member
Offline
Activity: 109
Merit: 10
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December 17, 2014, 03:37:35 PM |
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come on sir,, add exchanger to smly coin
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gstefans (OP)
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December 17, 2014, 04:36:59 PM |
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come on sir,, add exchanger to smly coin
We are on c-cex... |
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sony87
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December 17, 2014, 08:26:02 PM |
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come on sir,, add exchanger to smly coin
We are on c-cex... Hello Mr. Stefansson, Don't be disappointed by the early miners. This is their way of acting all the time in the crypto world, mine and dump. But that does not mean that they will move a coin to the trash - they can't. Undervalued coin is not dead, it's just under the radar of the "whales" and can exist peacefully until the right moment comes. You do your work, be active on the forum so members can see your presence, do PR and we will get in the right rails. Best Regards, |
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gstefans (OP)
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December 17, 2014, 11:22:28 PM |
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come on sir,, add exchanger to smly coin
We are on c-cex... Hello Mr. Stefansson, Don't be disappointed by the early miners. This is their way of acting all the time in the crypto world, mine and dump. But that does not mean that they will move a coin to the trash - they can't. Undervalued coin is not dead, it's just under the radar of the "whales" and can exist peacefully until the right moment comes. You do your work, be active on the forum so members can see your presence, do PR and we will get in the right rails. Best Regards, Hi Thanks for the kind words. Actually I'm not panicking. We have been expecting this for some time  It's really just a question of finding the best way forward: I had not quite anticipated that the price could go all the way down to one Satoshi -- nor had I realised that there was an absolute lower bound (10^-8 BTC) on the unit price in the market. It is perfectly reasonable that a few buyers are not ready to pay a lot of BTC for 100-250 million SMLY being dumped (at a price which we would like). In combination this means that the initial miners can not get rid of their coins on the SMLY-BTC market. It would be much better if the price could fluctuate around (and below) this price so that the price could drop to a level where buyers with a slightly longer-term view would pick up the SMLY. So we're stuck for now, unless there is a move to e.g. the SMLY-DOGE market at https://c-cex.com/?p=smly-doge - if only while the dump gets resolved. I don't expect this to be more than just this one dump: The difficulty is now high enough that SMLY are being generated a bit too slowly so it seems to have caught up with the mining performance. |
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lifeforcepools
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December 18, 2014, 04:04:24 PM |
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Hey DEVS - you guys have a block chain problem. your block chain has slowed down to a crawl and it's taking at least 25 to 30 minutes per block. I found this our after a miner in my pool said his coins had not been confirmed yet. here's are some stats for you: in 14 hours today - only 18 blocks 2014-12-18 15:49:37 SetBestChain: new best=f922ed525223127871da6c106812fe830594d8338bca380aa54627ef657149bb height=33730 log2_work=48.978513 tx=37759 date=2014-12-17 07:34:12 progress=0.999959
2014-12-18 15:49:37 SetBestChain: new best=c1a95ec0825263a290125621c8555a1ddde15c8dbb0e869852a247cb979d0d51 height=33731 log2_work=48.978887 tx=37761 date=2014-12-17 07:49:39 progress=0.999960
2014-12-18 15:49:37 SetBestChain: new best=ab974b8397d9729e9eab6d773999aad014cbdd6248f33e68fe0b200fa7a63c55 height=33732 log2_work=48.97926 tx=37764 date=2014-12-17 08:01:46 progress=0.999960
2014-12-18 15:49:37 SetBestChain: new best=b06051c36c1cd409e320c5e0af94a6cc12f3023975b06c8ea7693e1d61f6039c height=33733 log2_work=48.979633 tx=37765 date=2014-12-17 08:05:27 progress=0.999960
2014-12-18 15:49:37 SetBestChain: new best=ad949c068f2486b6e0c62328f0e22472caf5324dcb2f88b72a76f989bf72c018 height=33734 log2_work=48.980006 tx=37767 date=2014-12-17 08:52:29 progress=0.999961
2014-12-18 15:49:37 SetBestChain: new best=056fe26fed3d50b8fe0a21a74b9e32752f1d91ea1bebcb1d16398a08881e921f height=33735 log2_work=48.980378 tx=37769 date=2014-12-17 09:57:23 progress=0.999962
2014-12-18 15:49:37 SetBestChain: new best=f2b2867612916abab0523ce40f9ef3b21be31ad798d79b723d3b1d5fe1212dd0 height=33736 log2_work=48.980751 tx=37771 date=2014-12-17 14:37:11 progress=0.999968
2014-12-18 15:49:37 SetBestChain: new best=dc5d70b2b04d4ee9c31ccd686499b966cd815ba2643dde66e6871e6122d0c827 height=33737 log2_work=48.981124 tx=37776 date=2014-12-17 15:11:18 progress=0.999969
2014-12-18 15:49:37 SetBestChain: new best=91baf9b6645dbc1105ae56003eb4eb74a7dda65adbe2e678861b76b163d37d21 height=33738 log2_work=48.981496 tx=37778 date=2014-12-17 15:15:43 progress=0.999969
2014-12-18 15:49:37 SetBestChain: new best=8bd21d8b5b7c2ee3fa47b463c2754fa896f5c86898ff917b5b431290b4cd9500 height=33739 log2_work=48.981868 tx=37780 date=2014-12-17 15:56:53 progress=0.999970
2014-12-18 15:49:37 SetBestChain: new best=bd67f0e3be950bf115d7c38dd055991aac25ceccb9e4bdd3819fe5161396ce49 height=33740 log2_work=48.982241 tx=37782 date=2014-12-17 17:35:18 progress=0.999972
2014-12-18 15:49:37 SetBestChain: new best=95d7acc6b398a881f836625b4076242e3bbd7ec95d7a1773c12eacd0b7a19669 height=33741 log2_work=48.982613 tx=37784 date=2014-12-17 17:53:57 progress=0.999972
2014-12-18 15:49:37 SetBestChain: new best=b34c862eecd98ed6b677326398779df9ad97b3ef81d07461442bdcb280192be0 height=33742 log2_work=48.982985 tx=37789 date=2014-12-17 18:42:48 progress=0.999973
2014-12-18 15:49:37 SetBestChain: new best=a65e3923f79603db29ad3a0d8d88b4dd2db5d0b5b8722185b988497eb5d079dc height=33743 log2_work=48.983357 tx=37794 date=2014-12-17 22:53:18 progress=0.999979
2014-12-18 15:49:37 SetBestChain: new best=013e8a49db75c7affd20895de3f77534ef7c6f6e50190e23b1b9fa0d1561c53e height=33744 log2_work=48.983729 tx=37798 date=2014-12-17 23:54:54 progress=0.999980
2014-12-18 15:49:37 SetBestChain: new best=2e7674f220983cac27a05211841cf741e32c8eb127513b800b542d31d6e17dae height=33745 log2_work=48.984101 tx=37802 date=2014-12-18 02:40:17 progress=0.999983
2014-12-18 15:49:37 SetBestChain: new best=20cd040c507646a78de782e3ddec6e933e19971b33e64013c14c20a8b0ee23bb height=33746 log2_work=48.984473 tx=37805 date=2014-12-18 02:53:20 progress=0.999984
2014-12-18 15:49:37 SetBestChain: new best=2fef41847ec3df47dd1c29fa3a8b8a36dc25a30b5a216c3b667c69c9bc44f446 height=33747 log2_work=48.984844 tx=37806 date=2014-12-18 03:59:57 progress=0.999985
2014-12-18 15:49:37 SetBestChain: new best=efddfdf05faf7240cb4b7aeecfe166d97938e3b04dabc32768c857a5321384bf height=33748 log2_work=48.985216 tx=37809 date=2014-12-18 04:57:54 progress=0.999986
2014-12-18 15:49:37 SetBestChain: new best=a05384a9522b408741a6f84104cb451d85dfa33f5eaeaf6d9076a075d1148bc8 height=33749 log2_work=48.985587 tx=37812 date=2014-12-18 07:04:02 progress=0.999989
2014-12-18 15:49:37 SetBestChain: new best=95543ff2f48db9129e8bef1758ac85ab6969ad463f1798722e501a917303f524 height=33750 log2_work=48.985958 tx=37813 date=2014-12-18 07:51:27 progress=0.999990
2014-12-18 15:49:37 SetBestChain: new best=a7466df3bc01a2ea00692e4240a030d0a83b36e35d6aa4aa7b38fa12533b286e height=33751 log2_work=48.98633 tx=37816 date=2014-12-18 08:39:51 progress=0.999991
2014-12-18 15:49:37 SetBestChain: new best=df2896d2edb7525349a46512803540b16c5558089dd4be87066e8ee431ee8b28 height=33752 log2_work=48.986701 tx=37819 date=2014-12-18 09:12:31 progress=0.999992
2014-12-18 15:49:37 SetBestChain: new best=17ec45dfac7a6df27e0c5425a33960da94e2ee2432af0afb71584ad50e8b5eea height=33753 log2_work=48.987072 tx=37821 date=2014-12-18 09:49:45 progress=0.999992
2014-12-18 15:49:37 SetBestChain: new best=d95efe9110d97eb9b389af38bee7b3e5d5174e7f74e910f66392d11de1471e1f height=33754 log2_work=48.987443 tx=37823 date=2014-12-18 10:14:46 progress=0.999993
2014-12-18 15:49:37 SetBestChain: new best=b6645d84158e9e354be9c36529369fd8cfc2c4cff75dbf35177c1ed70956d76a height=33755 log2_work=48.987814 tx=37824 date=2014-12-18 10:49:32 progress=0.999994
2014-12-18 15:49:37 SetBestChain: new best=9e24a8daa7c0ad183e361e1f24dc939ee00112aaba79be2e980fb39a9305f78d height=33756 log2_work=48.988184 tx=37825 date=2014-12-18 11:40:22 progress=0.999995
2014-12-18 15:49:37 SetBestChain: new best=6124639a150ee25a5c0d0ef7a99ca16d75018ff1849ecf73feeee2d1215b1d5a height=33757 log2_work=48.988555 tx=37826 date=2014-12-18 11:41:50 progress=0.999995
2014-12-18 15:49:37 SetBestChain: new best=c9e82844bb3d173c3dabe2be66a3799bf7ab959f52464b3beb2d3cfca89ff366 height=33758 log2_work=48.988926 tx=37827 date=2014-12-18 12:18:17 progress=0.999996
2014-12-18 15:49:37 SetBestChain: new best=dee783c84e5c79558d7aea4fc3a0807574faa46c1d63e350acbb6744f650095e height=33759 log2_work=48.989296 tx=37829 date=2014-12-18 12:28:19 progress=0.999996
2014-12-18 15:49:37 SetBestChain: new best=6ea52174523875909e0c55af86fb691f8fc1eab5a5fa691dfcdfbd1cf88ecd65 height=33760 log2_work=48.989667 tx=37832 date=2014-12-18 13:33:27 progress=0.999997
2014-12-18 15:49:37 SetBestChain: new best=94b70cf494619f6c6b8e89ecfec95b90ff1d79e1fbf10a8c9fb14cf2732371ef height=33761 log2_work=48.990037 tx=37833 date=2014-12-18 14:01:47 progress=0.999998
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gstefans (OP)
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December 18, 2014, 09:10:40 PM
Last edit: December 18, 2014, 10:34:06 PM by gstefans |
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Yes, the difficulty has been jumping up and down by a factor of 4 as a heavy-duty miner comes in or leaves again. This was foreseeable when we saw the initial interest after launch and the difficulty spiked from 0.008 to 16. We had been hoping for a smooth transition downwards when we saw that the difficulty started to decline to 5, but a sudden burst of mining threw it back up to 30 where it is stuck now.
Any suggestions from you experienced folks?
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lifeforcepools
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December 18, 2014, 10:29:53 PM |
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fork the coin and recalculate difficulty every 3 or 4 blocks.
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gstefans (OP)
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December 19, 2014, 09:44:41 AM |
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fork the coin and recalculate difficulty every 3 or 4 blocks.
OK, thanks - we're looking into this. |
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gstefans (OP)
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December 19, 2014, 09:48:42 AM |
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Cool, thank you. Is there a problem with the wallets, though? I tried to create a new wallet but nothing seemed to happen. |
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dida
Legendary
Offline
Activity: 1190
Merit: 1000
SoNiC BooM
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December 19, 2014, 12:42:26 PM |
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Cool, thank you. Is there a problem with the wallets, though? I tried to create a new wallet but nothing seemed to happen. It seems to be ok. My is syncing and I am on block 33793. |
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lifeforcepools
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December 19, 2014, 12:49:54 PM |
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Cool, thank you. Is there a problem with the wallets, though? I tried to create a new wallet but nothing seemed to happen. It seems to be ok. My is syncing and I am on block 33793. smly block chain has only generated 38 blocks in the last 24 hours - I have programs that track all this stuff. SMLY Smileycoin 38 67.95 720 787.95 0.91376 0.00000999 3.80 3.47 bottom line - right now 700 mhs will only get you $3.47 mining smly : wait the the wallet to be fixed so that difficulty re-adjusts on every block or every few blocks. this the exact same problem that ruined mining for NAUT - - every flocked to the coin and difficulty soared and ruined mining and everyone left and lost interest. the coin has never recovered |
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dida
Legendary
Offline
Activity: 1190
Merit: 1000
SoNiC BooM
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December 19, 2014, 02:39:44 PM |
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Cool, thank you. Is there a problem with the wallets, though? I tried to create a new wallet but nothing seemed to happen. It seems to be ok. My is syncing and I am on block 33793. smly block chain has only generated 38 blocks in the last 24 hours - I have programs that track all this stuff. SMLY Smileycoin 38 67.95 720 787.95 0.91376 0.00000999 3.80 3.47 bottom line - right now 700 mhs will only get you $3.47 mining smly : wait the the wallet to be fixed so that difficulty re-adjusts on every block or every few blocks. this the exact same problem that ruined mining for NAUT - - every flocked to the coin and difficulty soared and ruined mining and everyone left and lost interest. the coin has never recovered yep ...if this is the case it has to be done. Kimoto Gravity Well will help here |
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gstefans (OP)
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December 19, 2014, 03:30:09 PM |
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Cool, thank you. Is there a problem with the wallets, though? I tried to create a new wallet but nothing seemed to happen. It seems to be ok. My is syncing and I am on block 33793. I was actually referring to the wallets on coins-e: Has anyone been able to buy/sell SMLY on coins-e? |
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lifeforcepools
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December 19, 2014, 03:53:38 PM |
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KGW is ok but it releases blocks in 'bursts' QTL uses it
Digishield is the worst - it's what ruined NAUT
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dida
Legendary
Offline
Activity: 1190
Merit: 1000
SoNiC BooM
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December 19, 2014, 03:58:35 PM |
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Cool, thank you. Is there a problem with the wallets, though? I tried to create a new wallet but nothing seemed to happen. It seems to be ok. My is syncing and I am on block 33793. I was actually referring to the wallets on coins-e: Has anyone been able to buy/sell SMLY on coins-e? Not yet...sorry I think It will be OK to contact them..they will respond quickly |
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BombCoin
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Activity: 87
Merit: 10
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December 19, 2014, 08:16:07 PM |
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i keep getting imature blocks??
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