Im wondering.. Now the price of BC is increasing, its harder to earn BC right?
Sure, the BC we already own are worth more.
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1128. (Read 2509934 times)
My first post here, and i have a newbie question. So you mine on blackcoinpool using the most profitable alt at the time. You end up with lets say some doge coins. You go to cryptsy or mintpal to sell these dogecoins. Is the only option open to you is swap them for BC? If so, then won't everybody then sell these BC for BTC/LTC thus increasing sell pressure of BC thus devaluing the price of BC?
Thanks in advance for any answers.
Thanks in advance for any answers.
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.
My first post here, and i have a newbie question. So you mine on blackcoinpool using the most profitable alt at the time. You end up with lets say some doge coins. You go to cryptsy or mintpal to sell these dogecoins. Is the only option open to you is to trade these doge for BC? If so, then won't everybody then sell these BC for BTC/LTC thus increasing sell pressure of BC thus devaluing the price of BC?
Thanks in advance for any answers.
Thanks in advance for any answers.
Help!! I unlocked my wallet. And on the bottom right it says its encrypted and unlocked but I just tried sending to someone and I did not had to fill in a password how do I fix this fast?
Hey - Easy solution for you going forward: Use debug window/console tab to unlock (for staking) and keeping the password control of send function. If you use the settings dropdpdown 'unlock wallet', the result is total unlock, and anyone with access to your wallet can send out your coins without further ado. Only useful if you need to do a bunch of quick sends.
And always remember, in console, to delete history after entering password within unlock command. Otherwise it sits there in plaintext, very risk, much dangerous.
Hi and now in noob language?
What is debug window/console tab? Yea I used the dropdown unlock wallet. ..Can't the devs change this for other noobies?
Not to worry, it isn't complicated. Start your wallet up fresh. It will be locked. Go to help dropdown and select debug window. From there, click on console tab. Then enter the following (without quotes, and replacing PSSWD with your passphrase:
"walletpassphrase
hit enter.
click red bar lower-right, or just do ctrl+L to clear console history, close out of debug window.
You will see the lock icon is now open, and your green staking light will go on. You are now staking, but password will still be required to perform a send, or other sensitive operations (like setting up new address in address book).
edit: the 9999999 part is a time value, in seconds, that you want your wallet to remain open. You can make it lower, e.g., '3600' or whatever you like.
Help!! I unlocked my wallet. And on the bottom right it says its encrypted and unlocked but I just tried sending to someone and I did not had to fill in a password how do I fix this fast?
Hey - Easy solution for you going forward: Use debug window/console tab to unlock (for staking) and keeping the password control of send function. If you use the settings dropdpdown 'unlock wallet', the result is total unlock, and anyone with access to your wallet can send out your coins without further ado. Only useful if you need to do a bunch of quick sends.
And always remember, in console, to delete history after entering password within unlock command. Otherwise it sits there in plaintext, very risk, much dangerous.
Hi and now in noob language?
What is debug window/console tab? Yea I used the dropdown unlock wallet. ..Can't the devs change this for other noobies?
Help!! I unlocked my wallet. And on the bottom right it says its encrypted and unlocked but I just tried sending to someone and I did not had to fill in a password how do I fix this fast?
Hey - Easy solution for you going forward: Use debug window/console tab to unlock (for staking) and keeping the password control of send function. If you use the settings dropdpdown 'unlock wallet', the result is total unlock, and anyone with access to your wallet can send out your coins without further ado. Only useful if you need to do a bunch of quick sends.
And always remember, in console, to delete history after entering password within unlock command. Otherwise it sits there in plaintext, very risk, much dangerous.
i like the devs and the community, but sooner or later someone has to point out; this coin has already risen over 1900% in value. what makes people have such wildly speculative opinions about blackcoin's future price?
Hey John, this thread on blackcointalk is a great start. Read through a few of the posts and it should answer any of your questions. Blackcoin is definitely like no other coin before it.
y no use of mintpal. they are really fast with payouts.
The coin they are selling to get bc is probably not on mintpal
Who wants my BlackCoins?
The same person or group has been dumping at just under 9k for 15 hours now! They stopped for an hour a couple of times. That is one hell of a lot of blackcoins.
How would you know that it is the same person?
I've watched this and interacted with it for about 14 hours, the shape of much of the graph has been affected by my interaction with the dumper (I did about 10% of todays bc volume on mintpal).
1) When it takes a break, it stops suddenly in an on/off way. All sell orders will stop at the same time and the market recovers. Then a while later it suddenly switches back on. Clearly 1 person is commanding it.
2) I've seen what I think is the same person before on other coins. They choose a target number and reaching that number is always in near sight but impossible. Every time you buy another sell order pops up a few seconds later (its done by bot, probably browser extension). After a while the number will drift slowly down over time, but if more than one person/team was dumping it then it could not possibly be this uniform and controlled.
3) The sell list order amounts will all randomly flick up and down, there's no way multiple sellers just happen to all be changing their sell amounts so often.
so... how do we kill the beast?
It's good that most people are in agreement that there is a “BlackCoin Monster” doing a controlled dump, here are a few of my thoughts:
1) I think the monster is doing it to get rid of its holdings at a profit rather than to control price. Controlling price by selling seems ultimately futile. It is not using big sell walls which it doesn't want to sell, but rather a bot to insert lots of small sell orders dynamically. Looking at the sell order list does not show the massive scale of the dump, so I think it's being hidden to keep people buying into it.
2) It surely has to run out of coins eventually. Its goal is actually similar to ours, it wants to get rid of its coins and we want to buy cheap coins. The way to kill the monster is to do what it wants and keep buying. It's just that there's so many of the coins it's causing problems.
3) This monster has a LOT of coins. I own 2% but it seems to have a lot more than I do.
4) When the monster has dumped for a while the market volume slows and eventually grinds to a halt. People stop buying when they see the price not moving, even though it's good for them if they can get cheap coins instead of expensive ones. Then usually the monster moves the price down a little to stimulate things. The only way to keep the market moving is to either raise or lower the price.
5) I believe this is the same dumper who dumped on SpainCoin a couple of weeks ago and destroyed it (see my previous post on this in my account profile). SpainCoin had a surge of optimism and a big push upwards from 0.00028. Then this dumper kicked in selling at just under 0.0008. It stayed like this for many hours, then slowly the price went down. The dumper stopped dumping around 0.00045, but it was too late by then and everyone had lost confidence and the coin never recovered.
I don't believe there's a chance of the BlackCoin community losing confidence and killing the coin (SpainCoin was toilet paper and had no community) but I can see hurdles ahead if this keeps going and the price lowers or the momentum is killed. There could still be quite a bit of lost confidence temporarily.
The bot software on the SpainCoin dump worked very much like this “BlackCoin monster” bot does. The situation was also similar – the SpainCoin dump happened just after a pre-publicised event designed to push the price up so people bought into it - like Black Friday was (the SC event was a fork with a new mining algorithm).
could be this address BGzT8xVi2raGqGC6g9orocm7AEYCsJXyDz check it out on
http://maarx.nl/maarx.nl/blackcoin/distribution/
y no use of mintpal. they are really fast with payouts.
mintpal is by far my go-to exchange at the moment.
y no use of mintpal. they are really fast with payouts.
Well.. that's just part of the fun really, and usually coming from people who probably threw 50 bux at it an think it's like a greyhound track (which it does feel like at times!), but cutting the crap what do people really know? Nothing is what.
All I know is that I invest on a model and continually analyse the health of that model. A crazy speculative community gives the community part of the model points, so I like it. But the multipool still hasn't prooved anything, so I am worried about that, it has scored no points on my model.
Will breathe a sigh of relief when/if we get positive data. In other words, I hope we haven't pumped BC way past what the multipool can handle.
All I know is that I invest on a model and continually analyse the health of that model. A crazy speculative community gives the community part of the model points, so I like it. But the multipool still hasn't prooved anything, so I am worried about that, it has scored no points on my model.
Will breathe a sigh of relief when/if we get positive data. In other words, I hope we haven't pumped BC way past what the multipool can handle.
once again, completely agreed.
on that note, seems like a lot of resistance has just lifted on the road back to 9000.
What a coincidence... Cryptsy always have problems in the "right" time 
hahaha.. so fuckin true. i've lost so much potential profit because of stuck coins at cryptsy it makes me sick. i rarely use them anymore, it's just not worth the risk to me.
**if they ever hooked up a BC/USD section though... hah i would consider it.
Any news on why there was no payout last night?
On the blackcoin multipool news page:
Payouts are stuck again on Cryptsy.
A small part of the Scrypt payouts is stuck in Pending Withdrawal limbo on Cryptsy. The moment the BC hits the pay out wall out it will automatically get dispursed.
We apologize for this inconvenience, but this is unfortunately out of our hands, as we have to use Cryptsy to sell some of the alt-coins we mine. This is unfortunate, but there's nothing we can do about it at all.
Any news on why there was no payout last night?
On the blackcoin multipool news page:
Payouts are stuck again on Cryptsy.
A small part of the Scrypt payouts is stuck in Pending Withdrawal limbo on Cryptsy. The moment the BC hits the pay out wall out it will automatically get dispursed.
We apologize for this inconvenience, but this is unfortunately out of our hands, as we have to use Cryptsy to sell some of the alt-coins we mine. This is unfortunate, but there's nothing we can do about it at all.
Cheers, thanx.
Any news on why there was no payout last night?
On the blackcoin multipool news page:
Payouts are stuck again on Cryptsy.
A small part of the Scrypt payouts is stuck in Pending Withdrawal limbo on Cryptsy. The moment the BC hits the pay out wall out it will automatically get dispursed.
We apologize for this inconvenience, but this is unfortunately out of our hands, as we have to use Cryptsy to sell some of the alt-coins we mine. This is unfortunate, but there's nothing we can do about it at all.
i like the devs and the community, but sooner or later someone has to point out; this coin has already risen over 1900% in value. what makes people have such wildly speculative opinions about blackcoin's future price?
LoL... There's over 600 pages you can read to answer you question. And how much % have the other successful alt coins gained in value? Hint - 10000% +, sometimes in a matter of months.
Look at the market cap and volume, not the price.
i'm looking at more factors than that. there was the cr incident, and some asshat in this thread is trying to recruit large holders for price fixing. time always tells i guess, but i ain't against ya, i'm holding since 4500.
If the multipool fails/flops and volume drops due to lack of interest, and no further development occurs to incentivise merchants or actual use/transacting then yes it will fail.
So far each of these factors are in their VERY early stages, so the current price is based on speculation that some or all of these will be a success. The only fundamental that has been accurately priced in is the stablility of the code / PoS and distribution.
If the stars align and the multipool + development + volume + incentives all align like stars then there will be a moon shot for sure. I'll be the first to cash out at signs of weakness of that model.
We are still in the high risk = high reward stage, but it is maturing as we will know very soon the outcome.
well stated. i guess i agree on your points. i just hear wild speculation here is all. but.. i guess that's the norm for any coin.
Well.. that's just part of the fun really, and usually coming from people who probably threw 50 bux at it an think it's like a greyhound track (which it does feel like at times!), but cutting the crap what do people really know? Nothing is what.
All I know is that I invest on a model and continually analyse the health of that model. A crazy speculative community gives the community part of the model points, so I like it. But the multipool still hasn't prooved anything, so I am worried about that, it has scored no points on my model.
Will breathe a sigh of relief when/if we get positive data. In other words, I hope we haven't pumped BC way past what the multipool can handle.
Any news on why there was no payout last night?
What all this FUD this morning? People angry that BC isn't 10 000 + sats?? I really like what I see, small steady increase instead of huge spike and falls....
hope you ain't referring to me.. i asked an honest question, was given a valid response, and agreed.
maybe you meant the guy with the bot theory.. yea i don't buy that one. who would wanna hold a coin down when they could uncap it and sell way higher? nobody. nobody smart anyways. if they were smart enough to bot sell, they would be smart enough to bot sell higher. i would assume.
What all this FUD this morning? People angry that BC isn't 10 000 + sats?? I really like what I see, small steady increase instead of huge spike and falls....
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