[ANN] 42 | Time to Revive 42 Coin - Everyone get in here!!! - page 108.

coinpool_de

sr. member

Activity: 504

Merit: 250

Quote from: janos666 on January 15, 2014, 01:06:59 PM

Quote from: Zombie123 on January 15, 2014, 01:04:34 PM

This coin has almost the best difficulty target I have seen. It like an art. Look at other "Rare" coins RPC and CAT etc they are almost dead and want to fork
This coin is beautifully created

I lost at least 1 BTC on CAT, so I surely know.
I put the rest into this coin, so I don't say it does not look better.
However, I don't think this coin is perfect. Moreover, I think I already see the usual signs of a regular coin death here. But it's too early to tell.

i lost 7 BTC with Doge... :-(

janos666

hero member

Activity: 588

Merit: 500

Quote from: Zombie123 on January 15, 2014, 01:04:34 PM

This coin has almost the best difficulty target I have seen. It like an art. Look at other "Rare" coins RPC and CAT etc they are almost dead and want to fork
This coin is beautifully created

I lost at least 1 BTC on CAT, so I surely know. I put the remains into this coin, so I don't say it does not look better to me.
However, I don't think this coin is perfect. Moreover, I think I already see the usual signs of a regular coin death here. But it's too early to tell. There is still hope.

coinpool_de

sr. member

Activity: 504

Merit: 250

Quote from: StewartJ on January 15, 2014, 01:04:57 PM

The main Dev Hendo was interviewed about the 42 Coin:
http://www.businessinsider.com/introducing-42coin-2014-1

Might shed some more light on it for you.

nice...

pleas join my pool (NO FEE) please donate!!
http://42.coinpool.de

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: janos666 on January 15, 2014, 01:00:02 PM

Quote from: StewartJ on January 15, 2014, 12:57:20 PM

Quote from: ycsi on January 15, 2014, 12:46:41 PM

Quote from: StewartJ on January 15, 2014, 12:29:48 PM

Quote from: skywave on January 15, 2014, 12:22:04 PM

I just joined this coin and this forum today.
Tried to browse all pages from the start but had to give it up when my eyes started turning bug-eyed..
I like the idea - but fail to understand what will happen after 1 year when all 42 coins are mined..?
How can it keep value - and how will it circulate..?

Its rarity is its value. It hopefully will be traded in the future as a currency.

I view 42 as a commodity, (like Bitcoin and Litecoin really are), but even more so because there are only 42 coins.

Not so sure about that rarity when there are 42,000,000,000 coins to be mined. Only they are called Dents...

(sorry if I missed/added few zeros)

We are not talking about billions of Doge Coins here... do you know how hard it is to mine just one 42 coin?

His argument is valid in my opinion. Technically, it's just a floating point number. 0.42, 42, 4200, doesn't really matter until you have enough decimal places on either sides of the decimal point (but you need to).
Block reward (relatively to the max coins) and diff retarget plan are more important. But still not really effective in practice.

The main Dev Hendo was interviewed about the 42 Coin:
http://www.businessinsider.com/introducing-42coin-2014-1

Might shed some more light on it for you.

Zombie123

legendary

Activity: 868

Merit: 1000

This coin has almost the best difficulty target I have seen. It like an art. Look at other "Rare" coins RPC and CAT etc they are almost dead and want to fork
This coin is beautifully created

janos666

hero member

Activity: 588

Merit: 500

Quote from: StewartJ on January 15, 2014, 12:57:20 PM

Quote from: ycsi on January 15, 2014, 12:46:41 PM

Quote from: StewartJ on January 15, 2014, 12:29:48 PM

Quote from: skywave on January 15, 2014, 12:22:04 PM

I just joined this coin and this forum today.
Tried to browse all pages from the start but had to give it up when my eyes started turning bug-eyed..
I like the idea - but fail to understand what will happen after 1 year when all 42 coins are mined..?
How can it keep value - and how will it circulate..?

Its rarity is its value. It hopefully will be traded in the future as a currency.

I view 42 as a commodity, (like Bitcoin and Litecoin really are), but even more so because there are only 42 coins.

Not so sure about that rarity when there are 42,000,000,000 coins to be mined. Only they are called Dents...

(sorry if I missed/added few zeros)

We are not talking about billions of Doge Coins here... do you know how hard it is to mine just one 42 coin?

His argument is valid in my opinion. Technically, it's just a floating point number. 0.42, 42, 4200, doesn't really matter until you have enough decimal places on either sides of the decimal point (but you need to).
Block reward (relatively to the max coins) and diff retarget plan are more important. But still not really effective in practice.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: ycsi on January 15, 2014, 12:46:41 PM

Quote from: StewartJ on January 15, 2014, 12:29:48 PM

Quote from: skywave on January 15, 2014, 12:22:04 PM

I just joined this coin and this forum today.
Tried to browse all pages from the start but had to give it up when my eyes started turning bug-eyed..
I like the idea - but fail to understand what will happen after 1 year when all 42 coins are mined..?
How can it keep value - and how will it circulate..?

Its rarity is its value. It hopefully will be traded in the future as a currency.

I view 42 as a commodity, (like Bitcoin and Litecoin really are), but even more so because there are only 42 coins.

Not so sure about that rarity when there are 42,000,000,000 coins to be mined. Only they are called Dents...

(sorry if I missed/added few zeros)

We are not talking about billions of Doge Coins here... do you know how hard it is to mine just one 42 coin?

janos666

hero member

Activity: 588

Merit: 500

Quote from: Coin-Moron on January 15, 2014, 10:01:47 AM

2. Difficulty adjustments - Mere 7.5 minutes

   Since the difficulty gets adjusted so rapidly, the pump and dump syndrome by certain profitability mining multiple pools gets evaded.
   Thus the rarity of the coin remains intact.
   But bitcoin and litecoin coin's difficulty adjustments takes many days to get adjusted thus a lots of mining power are wasted abruptly.

3. We all know that Bitcoin and Litecoin has been mined in millions and only those whales who pre-mined them are controlling the market prices.
   So, when these hoarders dump their coins, the market crashes lethally.
   Thus we are in a position to get behind some new alternatives so save ourselves from this volatile market.

Yet it is happening right now.
I don't think the diff retarget system really matters. Some multipools will always think they can milk profit from this coin, so even if they fail to actually realize their expected profit, they will try regardless. And that is what really matters.

I don't see a difference here. Do you know who owns most of the traded 42 coins right now? Are you sure about the traded amount?

ycsi

member

Activity: 84

Merit: 10

Quote from: StewartJ on January 15, 2014, 12:29:48 PM

Quote from: skywave on January 15, 2014, 12:22:04 PM

I just joined this coin and this forum today.
Tried to browse all pages from the start but had to give it up when my eyes started turning bug-eyed..
I like the idea - but fail to understand what will happen after 1 year when all 42 coins are mined..?
How can it keep value - and how will it circulate..?

Its rarity is its value. It hopefully will be traded in the future as a currency.

I view 42 as a commodity, (like Bitcoin and Litecoin really are), but even more so because there are only 42 coins.

Not so sure about that rarity when there are 42,000,000,000 coins to be mined. Only they are called Dents...

(sorry if I missed/added few zeros)

akkkx

newbie

Activity: 44

Merit: 0

Hello guys, if you mined on http://42.happyminers.net you may have noticed the server upgrade happened on 14 January 2014. I thought I lost all my balance, so I sent support requests, later a PM, etc.

Further investigations seem to prove that balances may not have been transferred to the new server, me and another user found our old balances accessing the old server via http://s2.happyminers.net, but it seems we are still unable to withdraw.

I had no response so far from the pool admin.

If you mined there before 14 January 2014, I'd say to have a look if you have some locked coins too.

http://s2.happyminers.net

"Long" story in a short thread:
https://bitcointalksearch.org/topic/lost-42coins-on-42happyminersnet-415069

brokedummy

legendary

Activity: 980

Merit: 1004

Quote from: skywave on January 15, 2014, 12:22:04 PM

I just joined this coin and this forum today.
Tried to browse all pages from the start but had to give it up when my eyes started turning bug-eyed..
I like the idea - but fail to understand what will happen after 1 year when all 42 coins are mined..?
How can it keep value - and how will it circulate..?

My newb theory:
I guess miners will continue to mine blocks for the transactions fees if profitable. Investors and bagholders will continue to trade 42 coins for bitcoins. Since 42 coins are so hard to mine with 7.5 minute difficulty changes panic buys will keep it from dying until then. I guess we will get an early vision of what happens to bitcoin when all 22 million bitcoins are mined...

Audity

member

Activity: 81

Merit: 100

Predictions for when price will spike? At the end of the day it matters how much money is pumped into it, not really the ratio/rarity.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: skywave on January 15, 2014, 12:22:04 PM

I just joined this coin and this forum today.
Tried to browse all pages from the start but had to give it up when my eyes started turning bug-eyed..
I like the idea - but fail to understand what will happen after 1 year when all 42 coins are mined..?
How can it keep value - and how will it circulate..?

Its rarity is its value. It hopefully will be traded in the future as a currency.

I view 42 as a commodity, (like Bitcoin and Litecoin really are), but even more so because there are only 42 coins.

skywave

sr. member

Activity: 420

Merit: 250

"to endure to achieve"

I just joined this coin and this forum today.
Tried to browse all pages from the start but had to give it up when my eyes started turning bug-eyed..
I like the idea - but fail to understand what will happen after 1 year when all 42 coins are mined..?
How can it keep value - and how will it circulate..?

smoky001

member

Activity: 139

Merit: 10

Astrum

Quote from: bullus on January 15, 2014, 11:46:43 AM

Why can't I login at 42.pooljunkie.nl? Also don't get payed all for several hours..

.. why oh why

"All accounts are set to anonymous due to massive brute force atempts into the accounts. If you don't want that; disable it in your account. USE STRONG UNIQUE PASSWORDS. A cayne pool database was stolen and hackers are abusing this on all pools. LOGIN WITH YOUR EMAIL ADDRESS; NOT YOUR USERNAME"

suklee

member

Activity: 67

Merit: 10

Quote from: bullus on January 15, 2014, 11:46:43 AM

Why can't I login at 42.pooljunkie.nl? Also don't get payed all for several hours..

.. why oh why

If your username is gone it's due to the hack that occurred...

cyberminer666

member

Activity: 63

Merit: 10

p2pool node is up http://p2pool.name:9042/static/

but only 4 mhs on the p2p network....

bullus

sr. member

Activity: 294

Merit: 250

Why can't I login at 42.pooljunkie.nl? Also don't get payed all for several hours..

.. why oh why

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: xIronCrossx on January 15, 2014, 10:43:09 AM

Quote from: FrequencyX on January 15, 2014, 10:37:31 AM

Talk about taking a snooze. I was anticipating higher volumes and a better price after the Business Insider article was released.

To be honest, I'm not exactly sure what was so exciting about that article.

The fact that the 42 Coin (out of the 100s of Alt Coins we have here) is being written up in
a mainstream business publication is very sweet, so early in the coins release.

What Hendo has to say about the state of Alt Coins and how 42 Coin is different, is quite enlightening.

FrequencyX

newbie

Activity: 10

Merit: 0

Quote from: StewartJ on January 15, 2014, 10:38:53 AM

Quote from: FrequencyX on January 15, 2014, 10:37:31 AM

Talk about taking a snooze. I wasn't expecting such low volumes after the Business Insider article was released.

It took years for Bitcoin to take off.

Patience... patience...

I guess I will just have to hold out for awhile. Maybe when Dent hits 1$ per, I will be a thousandaire!

Topic: [ANN] 42 | Time to Revive 42 Coin - Everyone get in here!!! - page 108. (Read 357186 times)