Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1127. (Read 2510302 times)

i stand corrected. nvm.

http://www.cryptoarticles.com/crypto-news/2014/4/5/win-mining-hardware-by-mining-at-the-blackcoin-multipool

Go #BlackCoin!

Are people not reading this thread before posting? 

http://blackcoinpool.com/news/

So, I woke up today and I haven't saw any payments from the multipool.. were any shares lost in the updating process? I rented two rings just for yesterday and it's a shame that i got nothing:)

That just is not true. The pool payouts are as regular as can be. If there are dependencies on third-parties (eg Cryptsy) then have a little patience.

We all know BC will hit 10k and stay, but .... Pool didn't pay out for 2 whole days, when hashing was topping 1.5GHs, a crap load of payouts missing. Which just means a crap load of coins to hit the market when payout does happen.

+1
steady wins the race...

POT coin eh? Someone forgot to update their wallets ..  Tho MintPal was working just fine about 6 hours ago and then stopped when POT diff went down to 10.

More like in the next two weeks..

My wallet is working...

http://blackcoinpool.com/news/

The delay is due to Cryptsy slowness.

Any chance of getting paid for yesterday any time soon? Or is the price too high? 

To the community: Why massive in-community participation of rig-rental power is essential in current and future iterations of Black Friday

Apart from the obvious, namely that MORE is BETTER, it's because we are offering bonuses for top miners. This opens us to the possibility of non-community players who seek to capitalize by laying on major hashing power to profit from the bonus (made of community donations), followed by dumping it back in our faces.

Rent a rig. Rent big. I'm personally aiming for 30-50MH on a consistent basis for as long as I can afford it. (38MH/s as of this writing).

Edit: Granted, the bonuses are not crazy high and I don't foresee much potential abuse, even in a worst case scenario. Nonetheless, we are in way better shape if the miners are overwhelmingly BC supporters and not outside players.

Let's not overstate the effect of the mulitpool on the price. It gives a nice little boost but the daily trading volume of Blackcoin is 500 to 1000 BTC.

In terms of price this coin by design is going to trend upwards so long as there is demand. The amount of coins in circulation is virtually fixed (1% inflation a year is nothing). Compared to Litecoin which has hundreds of thousands of dollars of new mined coins dumped on the market every day. Then factor in these selling points - 10 second transactions (proof of work coins like Worldcoin FORKED when they tried to go down to 30 seconds, no way they can handle 10 seconds so they stay safe at 60 secs), 100% pure of stake, strong community, no pre-mine etc.

When we get up to Litecoins price the only dumps we have to sustain are people taking profits. If you have followed the price of Blackcoin like I have there have been several "floors". Once a floor is established and enough people have dumped their cheaper bought coins for profit, the next upswing occurs  . We saw this at 600 satoshis, 1500 satoshis, briefly at 3500 satoshis, 5000 satoshis approximately and if we stay in the 8000's  or higher by monday I will call the 8000's the new floor.

9500 is going to be a big barrier to break. Because the last few times we've been near it the price has dipped, sometimes a fair bit. But we observed this exact same behaviour at 5000 and when we finally broke 5000 for the first time the crowd went wild and we went on a pump up to 9000 very quickly (this is exactly as I predicted and I posted as such here). My only concern right now is the BTC uncertainty with china. A btc crash always sends shockwaves throughout the crypto community causing everything to drop. Conversely, seeing Blackcoin rise steadily in these market conditions is a very bullish indicator. These are very early days with Blackcoin and all my analysis points to big price rises ahead.

I've ended up writing a lot more than I expected but it's because I am a passionate supporter of this amazing coin and my confidence only grew as I saw what a skilled developer we have (even found a security flaw in Mintcoin).

There is lots of fear, uncertainty and doubt spread in this community by manipulators but people here are also smart enough to read between the lines and that is why we are seeing Blackcoin grow from strength to strength as other coins are struggling.

There are great times ahead, I urge everyone to be patient and reap the rewards. 6 months from now we will all be extremely happy.

I'm done!  

Allright. Thanks for your reply / confirmation.

Lets hit the 2 gh/s!

that was a good read, thanks.

Correct. When BC value rises, payout is lower (in number of BC), but as you point out, this is compensated for by the value increase per/BC.

Im wondering.. Now the price of BC is increasing, its harder to earn BC right?

Sure, the BC we already own are worth more.

The pool mines whatevercoin and uses the btc proceeds to purchase BC, in which you are then paid. What you choose to do with those BC is up to you, but most people mining are on the pool because, guess what, they want to own more BC. Otherwise it would just make more sense to mine on your own and dump what is most profitable to dump.