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Question: Your choice for Lyrabar mining with the new algo is
a CPU - 11 (34.4%)
a GPU - 11 (34.4%)
Both of above - 10 (31.3%)
Total Voters: 32

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Author Topic: [ANN] Lyrabar - A rare bar with Lyra2REv2 algorithm, 0.9.1 is out! [CPU/GPU PoW]  (Read 67285 times)
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March 03, 2015, 09:17:25 PM
 #261

This coin is asking big time to be pumped. There is almost no sell resistance. I believe nothing is happening just because pump groups are busy with other coins. I keep accumulating at these super low prices.  Cheesy
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March 03, 2015, 09:27:01 PM
 #262

There is so little on the market and not many people selling.  Watchin this one.



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March 03, 2015, 09:28:37 PM
 #263

Realistic price predictions anyone?
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March 03, 2015, 09:33:36 PM
 #264

Once the merge mining and other things the team is working are announced It is hard to say.  Even in its early stages this is very undervalued considering the resources required to mine so little of it.  With that said alot of its preconceived value lies in interest from people.  If it doesn't catch many investors interests it could also remain worthless regardless of how few there are.

 If it gets a bit more attention from investors we could see 7-10k as a new floor in a week.  Depending on what happens with the future of the coin and what kind of updates we get it's tough to say where it can go.  With so little sell pressure it could go really far really quick but whether it would be a long term price adjustment or just a pump is uncertain.

  Since there is only 96k in supply as of now there isn't much to put into the sell books.  And even if there were at it's current cost alot of the supply could be quickly bought for next to nothing.  I have a fairly positive outlook on it's future just through the numbers alone but everything is a gamble so do your homework before spending your money Smiley



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March 03, 2015, 10:09:21 PM
 #265

are you going to be added on ccex? Weren't you in list since more than 2 weeks?

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March 03, 2015, 10:16:50 PM
 #266

Im sure we will be listed on c-cex in due time.  There is 3 days left in their current voting session, but from what I recall we have been in the top position for the last week or two.  Not sure why LYB hasn't been added yet.

C-Cex is an alright exchange but it is traditionally a stepping stone to a better exchange like trex or polo.  As it sits I don't feel a C-Cex listing would be a big deal as we have already made it to trex but if it happens then that is good i guess lol.



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March 03, 2015, 10:20:08 PM
 #267

I think we got some got news and updates coming in the next few days so time will tell where this thing goes.



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March 05, 2015, 12:31:48 AM
 #268

I think we got some got news and updates coming in the next few days so time will tell where this thing goes.

First of all, happy to still see alot of interest around this coin.

What I've been looking into in the last weeks is a new feature for all us, that's the new upcoming thing I talked about in the last posts.

What I can tell, when soon I get the server in a good shape to fully test the environment, you all will be happy after the release Smiley

Also to mention, there's also active people around the IRC channel ##lyrabar.
Feel free to join! You can also connect to IRC though the official webpage, click the button "IRC" on the upper right corner

The official faucet is up and working, get your daily LYBs at there!


Happy mining and trading, soon also happy use of the features around this.

Visit ##lyrabar @ Freenode IRC !
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The precious bar


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March 06, 2015, 01:23:15 AM
 #269

Updated the faucets list.

The official Lyrabar faucet

Ikiscream's faucet

Visit ##lyrabar @ Freenode IRC !
etang600
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March 06, 2015, 03:29:58 AM
 #270


When is merged mining with vert happening ? It'll help both coins
njs811
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March 06, 2015, 04:03:11 AM
 #271


When is merged mining with vert happening ? It'll help both coins

Yea if you can pull that off I could see LYR hitting $10 each.
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March 06, 2015, 09:12:29 AM
 #272

Yea if you can pull that off I could see LYR hitting $10 each.
Yea... no.
Previous experience shows that merged mining drives the price down... and when you think of it, its completely logical.
With coins like Lyrabar (and Vertcoin tbh) the price is not really driven by supply and demand, its mostly driven by supply only (thats exaggerated of course, but you get the meaning). Each coin is worth exactly as much as the miner that minted it is ready to sell it for. Now if you give this miner 2 coins instead of one, sooner or later the price of both coins will, again, be equal to approximately the same amount.

But then again, price is not the thing you should be primarily interested in, now, is it? Merged mining brings a lot to the table, it gives you wider adoption, more centralization, bigger and better distribution, network security, it gives you free advertisement, a happier community and many many other things... but certainly NOT a price bump.

And if any of you thinks that a temporary decrease in price is not worth all of these benefits... well then, it sucks to be you, I guess.
etang600
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March 06, 2015, 11:37:34 AM
 #273

Yea if you can pull that off I could see LYR hitting $10 each.
Yea... no.
Previous experience shows that merged mining drives the price down... and when you think of it, its completely logical.
With coins like Lyrabar (and Vertcoin tbh) the price is not really driven by supply and demand, its mostly driven by supply only (thats exaggerated of course, but you get the meaning). Each coin is worth exactly as much as the miner that minted it is ready to sell it for. Now if you give this miner 2 coins instead of one, sooner or later the price of both coins will, again, be equal to approximately the same amount.

But then again, price is not the thing you should be primarily interested in, now, is it? Merged mining brings a lot to the table, it gives you wider adoption, more centralization, bigger and better distribution, network security, it gives you free advertisement, a happier community and many many other things... but certainly NOT a price bump.

And if any of you thinks that a temporary decrease in price is not worth all of these benefits... well then, it sucks to be you, I guess.

More people would be mining it , thus more demand and less supply .
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March 06, 2015, 02:02:40 PM
 #274


When is merged mining with vert happening ? It'll help both coins

Yea if you can pull that off I could see LYR hitting $10 each.
Merged mining with vert killed LYR Sad
Jookly
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March 06, 2015, 02:15:46 PM
 #275


When is merged mining with vert happening ? It'll help both coins

Yea if you can pull that off I could see LYR hitting $10 each.
Merged mining with vert killed LYR Sad

First off, the coin is LYB, if you actually had the coin you would probably know that.

Second, there is no way merge mining killed it because it is not yet merge mineable.

FUD crushed.
etang600
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March 06, 2015, 02:28:13 PM
 #276


When is merged mining with vert happening ? It'll help both coins

Yea if you can pull that off I could see LYR hitting $10 each.
Merged mining with vert killed LYR Sad

First off, the coin is LYB, if you actually had the coin you would probably know that.

Second, there is no way merge mining killed it because it is not yet merge mineable.

FUD crushed.

Exactly. What kind of logic is that anyways ? Dogecoin was saved by merging with litecoin . Merge mining doesn't kill coins it helps them .
njs811
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March 06, 2015, 02:40:49 PM
 #277

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty.  At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook.  Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs. 
etang600
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March 06, 2015, 02:45:10 PM
 #278

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty.  At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook.  Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs. 

Not really that new . Bitcoin did it a while back
njs811
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March 06, 2015, 02:45:51 PM
 #279

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty.  At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook.  Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs. 

Not really that new . Bitcoin did it a while back

Do you have any idea how old the stock market is?
etang600
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March 06, 2015, 02:49:43 PM
 #280

This is a relatively new market concept. Bottom line is that no one here can claim that a coin will go one way or another with complete certainty.  At best it can be based on a gut feeling. Comparing one coin to another may give us an idea, but it is by no means a guidebook.  Personally I can see the benefits of LYB merge mining and its supply making this coin worth $10 a piece. Once merge mining happens it will give this coin the exposure it needs. 

Not really that new . Bitcoin did it a while back

Do you have any idea how old the stock market is?

Yes , but we aren't talking about the stock market. You can't mine the nasdaq .
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