Topic: [ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink - page 40. (Read 297723 times)

you blinked.

No DEVs and price dropping.  Not good!!!  Is it time to panic yet??

I resigned. I will wait devs. As it should. I hope they do not quit. I still believe in them. 

Maybe I just wanted to cause other people - far more intelligent than I myself could ever dream of - to tell me what they know. And it obviously worked out fine 
Since you are in the picture, when did the devs stop to throw hash at octocoin?

YES, AGREED. Thank you for the clarity.

That address belongs to coinmine[dot]pw... a multipool that has been hitting the coin since the bonus block days. They were the reason that the 88 coin blocks with 888 coin bonus blocks were revised to a steady 188 coins/block. They figured out the pattern to guess the bonus blocks and were grabbing most of them, so the devs did the fork to make the blocks a steady 188. The total number of coins equal the same amount but made it less profitable to sit on the bonus blocks.

The devs were putting a lot of hash at the coin, but seem to have backed off recently. There are a few addresses that pop in and grab several blocks from time to time that don't act like a multipool. They do not cut out when the difficulty gets too high to make mining profitable, but keep driving the difficulty up to 30+ before they bail. You will also see the coinmine address drive the difficulty up occasionally, as they frequently have a lot of hash on their dedicated Octo port from miners just interested in Octo.

There are also a couple of other multipools (yes, thenotfatguy, multipools are still hitting it) that hit Octo from time to time... Then there was the person/farm (8MTsyk89qZ7YwSogXZUwE8FD5gLEiBCfas) that blasted the coin yesterday and drove the difficulty up to near 100... totally new address that I had never seen on the block chain... Maybe someone trying out their newly purchased equipment...

Finally, before people come on here and start spouting conspiracy theories (I'm not just talking about you, Thompson); maybe they should take some time and do a little research by reading through the entire thread. The issue of addresses mining tons of Octo has been brought up many times and there are several posts that tell the addresses' source.

Most of the BS that I have seen posted here in the past few days could be resolved if people just learned how to read before they opened their mouths. Be a little self-reliant and do some research before trying attribute every nefarious looking item to the devs.

The only issue with this coin is that the devs have promised much, but have yet to deliver anything. That's it folks... Nothing else to see here... Move along, now.

If you are worried, you have three choices here:

1. Dump your shit and get out before you develop an ulcer or have a heart attack from all of the stress you are under.

2. Hold what you have and wait to see if something comes about or not.

3. Continue to whine, cry and create theories that drive other prospective investors away.

Any of the numbers you choose above will not make one bit of difference to the devs. They have always said that they are doing things their own way. If you don't like what you have gotten into, maybe you should have done a bit more reading before you invested.

I know I may sound a bit harsh, at times, but I do always try to speak the truth. The truth is that you are the ultimate decision maker in your life and it is you who ultimately must take responsibility for those decisions. Try making logical, informed decisions before investing in anything or before creating theories just because you are upset at the lack of developments. Your mind is a wonderful thing if you just let it do it's job and think.


EDIT: The address does not show in the block explore because any address with more than 1000 transactions will not show up... It's the default setting in the Abe explorer code, which the Octo explorer is based on.

That address is most likely a pool address, as seen here in the link to FusionHash's wallet address.
http://explorer.octocoin.org/address/8dWMopM6t8exAvGc7PQUEtrHdBwgTnktJb

It could be Edric's pool address, it could be a multipool (although i don't think any multis mine octo anymore), or it may be someone solomining (most likely)

speculation leads to no good here at this point so take that as you will 

i think that's the only reason that people stick around is because we know the devs haven't dumped so it's not like it's a p n' d.

Well, statistics teaches us that randomly clicking octo explorer transactions will likely show the wallet with the currently highest hashrate.
it's this one: http://explorer.octocoin.org/address/8NQcJrZgyqJYiNXUuXtbQXn3AKufTSXqmT
but, the octo explorer somehow doen't show it

EDIT:

if anyone has some spare time he could try to trace back this address. if it leads to the first days/weeks it is likely the devs wallet and it means they are still mining with lots of hashrate.

yet, i wonder where all the hashrate is coming from: 800-900MHs but fusionhash is empty and fedaykin close to being empty...

The funny thing is: 600000 octos wont make anyone rich right now, and are definitely not worth a few months of masquerade.
And if they really wanted to, they could have easily pushed the price. Fancy faked video, faked screenshots, tweet storm, whatever. But they didn't.
Quick money is not what they have in mind... but what else??

EDIT:
Actually there are just three possible explanations:
- They are legit, just accumulating coins and working on their projects as planned
- They are legit, but the project somehow failed, be it due to personal reasons or issues with investors, or maybe the current bitcoin price scared them away
- It was a well planned scam all along, though very unlikely

There was a premine of 0.8% which corresponds to 711111 octocoins.

Those were sent to this address: http://explorer.octocoin.org/address/8M6xDnbcREGpm25gvtzQJ24Tmy4V7xnn2Y
And the lion's share later to: http://explorer.octocoin.org/address/8brMXBDTyoCF8Bd7apFGXNGHH7Sxv62vYj

This amount has not been touched yet...

I got into this coin late in the game so maybe someone that was here from the beginning can answer this.

Was there a premine with Octo?  I don't think there was an ICO/IPO.  If there was a premine, was the address posted?  I have seen so many coins where the DEVs have dumped the premine and left the coin to flounder.

Just wondering why the DEVs are being so quiet.

how can we put hope in devs who dont give a shit about us?

i think the devs will do what they want regardless of us. i'm not wasting any more time on them (as far as writing letters or pm's, it's pointless). i'm just watching closely to see what happens down the road. either the project will show us something or it will die. either way, at least some of you here are cool.

The last time I wrote a Email to the Devs via the octocoin.org website, they responded here in the thread. Maybe someone should write them again and ask why they are not communicating and that the community is getting nervous again due to the lack of presence. I'll write a Email, but some of you guys should do that too.

It's not about community friendly.  It's about respect for the community, we are here supporting the coin.  At least they can show up and SHOW us work in progress.  Otherwise it seems like they are like so many other DEVs that just bolt from a project.

agreed.

Guys, really, i know how bullsh*t the situation is, but it doesn't make any difference if we complain or not.
For me, personally, this coin means a huge loss till now and i got over it. But i won't sell. If there happens something i'll be happy, but if not, jeah...that's the game.
But complaining 24/7 would drive me crazy.  

Maybe you guys should try to see this coin in a different way. It's not like another coin because for the devs, the coin itself isn't too important.
It's just a piece of the big puzzle (If there's really a puzzle... but we all are here because we believe there is one, right?).
Devs don't care about the price. Good or bad? Maybe the price isn't to important for them because they got a big joker, big projects or whatever. Something that makes them sure that this coin will be very valuable.

I understand everyone of you, but trying to make the devs acting more community friendly is like talking to a wall.