BTC getting smashed must be drying up liquidity in the atl's markets. Let's hope it levels out soon and the money comes back! All we have to do is hold these levels for BC.
too late
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1193. (Read 2510302 times)
too late
I am an enthusiastic and great admirer of Black Coin, and I do not have the slightest doubt that this coin will be great in a near future. I had now all my BTC converted in Blackcoin. I started to buy my coins in 1500 sats, and I have bought coins in 8800, 7300, 6800, and still keep buying, I never sold a dime, I'm just saving it for the future. I'm also mining through the "Blackcoin pool". I have just added 3 mining rig, to the pool, I have total 9Mh /s (scrypt).
The biggest problem is that people do not have patience, unfortunately 90% of people in the world has no ability to save money, and It is really good for those who can do it. With respect to these speculators, I say:, " they are making a little money in the short term, but the holders will make great fortunes in the long term".
This coin has the potential to more than $ 2.00, but the people want to be rich tomorrow, I'm not worried about the price of Blackcoin, this is the best cryptocurrency to me, I trust in Blackcoin.
Sorry for my bad english, I am from Brazil.
The biggest problem is that people do not have patience, unfortunately 90% of people in the world has no ability to save money, and It is really good for those who can do it. With respect to these speculators, I say:, " they are making a little money in the short term, but the holders will make great fortunes in the long term".
This coin has the potential to more than $ 2.00, but the people want to be rich tomorrow, I'm not worried about the price of Blackcoin, this is the best cryptocurrency to me, I trust in Blackcoin.
Sorry for my bad english, I am from Brazil.
perfect English btw.
BTC getting smashed must be drying up liquidity in the atl's markets. Let's hope it levels out soon and the money comes back! All we have to do is hold these levels for BC. Multipools will be crucial.
BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt: 630MH/s
SHA256: 1000GH/s
and growing...
Scrypt: 630MH/s
SHA256: 1000GH/s
and growing...
I have to admit, these pools are confusing to me. Are the payouts coming from one of the existing wallet balances? Since the coins is PoS at this point, that's the only way it could be getting paid out, or am I missing something major?
They mine other ALTs, dump them on the market and buy BC
It seems that only they can get
Only when we pay
...When you mine most profitable it just mean that you mine more effective.
Many people mined Doge to swap it for LTC eg. and Many people wanted swap LTC for Doge...
There will be allways some coin to mine all depends how much profit you will get.
With BC you just more like store of value of alt becouse it can not be mined more in traditional way.
In log run with bigger price like eg, Bitcoin it can be more stable.
You remember that guy who bougth pizza for 10000BTC... what wallet he could have 100k or mayby more BTC.
So with some time BC will have some liquid after 2-3 years noone will care that 1m stakeholder.
About minig you will allways find someone willing to buy mined coins one people will swap it into $ some will buy BC...
BlackCoin Multipool current speed update for those that want to know and those that just joined in;
Scrypt: 630MH/s
SHA256: 1000GH/s
and growing...
Scrypt: 630MH/s
SHA256: 1000GH/s
and growing...
I have to admit, these pools are confusing to me. Are the payouts coming from one of the existing wallet balances? Since the coins is PoS at this point, that's the only way it could be getting paid out, or am I missing something major?
They mine other ALTs, dump them on the market and buy BC
It seems that only they can get
Only when we pay
this is everything, but no natural growth
But thats ok, nice profit
But thats ok, nice profit
Who knows what does not deceive developers to us?
Who can see the truth?
why can't the wallet have an option to only be unlocked for staking but not allow for any transactions to be SENT? then ppl could leave their wallets unlocked to stake without worry of being stolen.
Good point we will try ask rar4 for that feature.Something like transaction password blockThat is already in there. I have mine unlocked and can't send transactions without entering my pass.
Check again people. I just did, and not for the first time. No password is required to send from an unlocked wallet. And yes, I'm using the latest release (windows client). I brought this up weeks ago in a cautionary post, before Soepkip had his coins swiped, and then subsequently. For the future health of the coin and anyone owning it, let's tie up this loose end.
Just to follow up with a couple more details and confirmations on this.
1. If you unlock the 'new' way, via the
2. If you unlock it old-school, via console, you will unlock for staking. It is a 'mintonly' command, fortunately. Tahnk god someone was thinking.
3. If you do #2, then initiate a send but cancel out before entering password, your wallet 'lock' symbol will close, but your staking light remains 'green' and mouse-hover will indicate you are staking.
4. If you do #1, then go back to the console and enter the command 'walletlock', same result as #3. (as someone else rightly pointed out).
5. Only remaining question is, for #3 and #4, is the wallet in fact still staking as indicated? I am waiting to find out. So far apparently not. But we shall see.
Conclusion: if you just do #1 and walk away for the day, you might have a very nasty surprise waiting for you when you get home. Even if no one has physical access to your computer, it can occur through a variety of exploits that someone gains remote access to your system. Then, my friend, you are most certainly fucked. Finally, if you don't already, consider using a password mgr. Among other things it will allow you to enter your long-and-random-as-fuck password without entering keystrokes. And be sure to keep a backup of your password database!
Ok I can confirm that #4 option lock stake too, the staking icon is green, but I do not receive any stake since I locked it yesterday.
Equally here - confirmed not staking under that scenario. Thanks for follow-up.
why can't the wallet have an option to only be unlocked for staking but not allow for any transactions to be SENT? then ppl could leave their wallets unlocked to stake without worry of being stolen.
Good point we will try ask rar4 for that feature.Something like transaction password blockThat is already in there. I have mine unlocked and can't send transactions without entering my pass.
Check again people. I just did, and not for the first time. No password is required to send from an unlocked wallet. And yes, I'm using the latest release (windows client). I brought this up weeks ago in a cautionary post, before Soepkip had his coins swiped, and then subsequently. For the future health of the coin and anyone owning it, let's tie up this loose end.
Just to follow up with a couple more details and confirmations on this.
1. If you unlock the 'new' way, via the
2. If you unlock it old-school, via console, you will unlock for staking. It is a 'mintonly' command, fortunately. Tahnk god someone was thinking.
3. If you do #2, then initiate a send but cancel out before entering password, your wallet 'lock' symbol will close, but your staking light remains 'green' and mouse-hover will indicate you are staking.
4. If you do #1, then go back to the console and enter the command 'walletlock', same result as #3. (as someone else rightly pointed out).
5. Only remaining question is, for #3 and #4, is the wallet in fact still staking as indicated? I am waiting to find out. So far apparently not. But we shall see.
Conclusion: if you just do #1 and walk away for the day, you might have a very nasty surprise waiting for you when you get home. Even if no one has physical access to your computer, it can occur through a variety of exploits that someone gains remote access to your system. Then, my friend, you are most certainly fucked. Finally, if you don't already, consider using a password mgr. Among other things it will allow you to enter your long-and-random-as-fuck password without entering keystrokes. And be sure to keep a backup of your password database!
Ok I can confirm that #4 option lock stake too, the staking icon is green, but I do not receive any stake since I locked it yesterday.
For those who didn't saw it...if it's true...Dogecoin pooled out another nice publicity stunt:
What do you mean if it's true? It's in the news, all over the subreddit, it's definitely true and hilarious in my opinion. Can't wait to see this thing in real life.
because it is in the news...doesn't mean it's true..
ex: http://www.theguardian.com/news/blog/2011/jul/04/fox-news-hacked-twitter-obama-dead
anw...it was just to show an example of a imaginative and very nice publicity stunt...
and it's good for all alts and even BTC as it adds more exposure.
our comminity can do the same things together, if we want to .
For those who didn't saw it...if it's true...Dogecoin pooled out another nice publicity stunt:
What do you mean if it's true? It's in the news, all over the subreddit, it's definitely true and hilarious in my opinion. Can't wait to see this thing in real life.
For those who didn't saw it...if it's true...Dogecoin pooled out another nice publicity stunt:
also why someone would dump their bc mined using the multipool ? that doesn't make sense either, why would they use the multipool in the first place?.
If the BC multipool is more profitable than clevermining etc, then this indeed would make sense because then you can get more BTC through the BC multipool than through other pools.
Unless, after every day, you see the price is somewhat higher. You might hit yourself for selling the day before, no ?
Totally, I don't say that these people are smart in the long term
But if they don't care about BC, just about quick BTC, then they might do so.That would benefit other miners so long term will be better to hold, even if they get them and dump them if they keep mining they are going to buy the same bc again at a higher rate now, the only way this makes sense (not to lose money) is to mine for a while, lets say I month and then dump all the coins and NEVER use the multipool again.
No this would only maximize their profits. Its like day trading: If you buy at 6k and sell at 6.5k, and then the next day you buy at 7k and sell at 7.5k you still make profit, although it would have been optimal if you would have bought at 6k and sold at 7.5k ... similar at the multipool, if the miners get more BTC today than on any other multipool by dumping their earned BCs, then they will also make more profit by doing so than on any other multipool, regardless of BC's price evolution.
also why someone would dump their bc mined using the multipool ? that doesn't make sense either, why would they use the multipool in the first place?.
If the BC multipool is more profitable than clevermining etc, then this indeed would make sense because then you can get more BTC through the BC multipool than through other pools.
Unless, after every day, you see the price is somewhat higher. You might hit yourself for selling the day before, no ?
Totally, I don't say that these people are smart in the long term
But if they don't care about BC, just about quick BTC, then they might do so.That would benefit other miners so long term will be better to hold, even if they get them and dump them if they keep mining they are going to buy the same bc again at a higher rate now, the only way this makes sense (not to lose money) is to mine for a while, lets say a month and then dump all the coins and NEVER use the multipool again.
also why someone would dump their bc mined using the multipool ? that doesn't make sense either, why would they use the multipool in the first place?.
If the BC multipool is more profitable than clevermining etc, then this indeed would make sense because then you can get more BTC through the BC multipool than through other pools.
Unless, after every day, you see the price is somewhat higher. You might hit yourself for selling the day before, no ?
Totally, I don't say that these people are smart in the long term
But if they don't care about BC, just about quick BTC, then they might do so. 
also why someone would dump their bc mined using the multipool ? that doesn't make sense either, why would they use the multipool in the first place?.
If the BC multipool is more profitable than clevermining etc, then this indeed would make sense because then you can get more BTC through the BC multipool than through other pools.
Unless, after every day, you see the price is somewhat higher. You might hit yourself for selling the day before, no ?
A Modest Proposal
I have been mining on the Blackcoin pool since it's inception (back in 'radio-days' as it were), and with great satisfaction. The ability to to gain equity in a coin while simultaneously supporting its value is just outstanding. The pool hashrate stats and number of active workers are just phenomenal.
Now that this rocket has launched into orbit, I'd like to toss out an idea, one that may not be immediately popular but which might enhance the long-term value of the pool. And it is this: To raise (yes, RAISE) the pool fee from 2%, to whatever degree necessary for making miner's immediate-term profitability no greater than, and perhaps slightly less, than other mining options. The surplus percentage could then go into a transparent wallet 'Development Fund', separate from the existing community donations-process.
Doing this will not only enhance our project-support, but also shield the pool from abuse. Think about it: Let's say that, through its increasing sophistication and success it becomes a superior option for any miner to mine on. It would then naturally attract a subset of miners looking to immediately dump their proceeds back in the market, which runs counter to the purpose of the pool. Adding a mandatory Blackcoin-support surcharge would nix that.
I think the 'special wallet' could be deployed by a community voting system designed with transparency, fairness, and intelligence.
I'd greatly appreciate any feedback or thoughts from the community on this. Thanks!
I have been mining on the Blackcoin pool since it's inception (back in 'radio-days' as it were), and with great satisfaction. The ability to to gain equity in a coin while simultaneously supporting its value is just outstanding. The pool hashrate stats and number of active workers are just phenomenal.
Now that this rocket has launched into orbit, I'd like to toss out an idea, one that may not be immediately popular but which might enhance the long-term value of the pool. And it is this: To raise (yes, RAISE) the pool fee from 2%, to whatever degree necessary for making miner's immediate-term profitability no greater than, and perhaps slightly less, than other mining options. The surplus percentage could then go into a transparent wallet 'Development Fund', separate from the existing community donations-process.
Doing this will not only enhance our project-support, but also shield the pool from abuse. Think about it: Let's say that, through its increasing sophistication and success it becomes a superior option for any miner to mine on. It would then naturally attract a subset of miners looking to immediately dump their proceeds back in the market, which runs counter to the purpose of the pool. Adding a mandatory Blackcoin-support surcharge would nix that.
I think the 'special wallet' could be deployed by a community voting system designed with transparency, fairness, and intelligence.
I'd greatly appreciate any feedback or thoughts from the community on this. Thanks!
I don't think it is a good idea, a lot of people will look into the fee and think it is too high even if the profitability is better people might not even bother to try and see how many coins they really get after the fee. Also less people mining with a higher fee might get less income than a lot of people, I think that crypto at the moment is very elastic, due to the many alternatives available from other multipools to mining on your own.
Cheers!
Well Jabulon is right that the pool should not be so profitable that it makes sense to dump the BC earned through the pool into BTC afterwards. Furthermore I would also like to see the possibility to pay some extra fee that goes into development / bounties for BC projects. Even if it is optional.
I think there is a large number of miners on the multipool who really believe in this coin and don't just mine for profit but also to support the idea. Many of them will appreciate it if they can support the development through their mining effort.
AFAIK You
I don't see any possibility on the multipool to donate a percentage of my mining rewards. They just say that I can do manual donations ... but we are talking about an automatic donation depending on the BCs mined through the multipool.
also why someone would dump their bc mined using the multipool ? that doesn't make sense either, why would they use the multipool in the first place?.
If the BC multipool is more profitable than clevermining etc, then this indeed would make sense because then you can get more BTC through the BC multipool than through other pools.
After reading some posts in here i thought BC was crashing, after checking mintpal i see no evidence all i see is BC doing fine 
A Modest Proposal
I have been mining on the Blackcoin pool since it's inception (back in 'radio-days' as it were), and with great satisfaction. The ability to to gain equity in a coin while simultaneously supporting its value is just outstanding. The pool hashrate stats and number of active workers are just phenomenal.
Now that this rocket has launched into orbit, I'd like to toss out an idea, one that may not be immediately popular but which might enhance the long-term value of the pool. And it is this: To raise (yes, RAISE) the pool fee from 2%, to whatever degree necessary for making miner's immediate-term profitability no greater than, and perhaps slightly less, than other mining options. The surplus percentage could then go into a transparent wallet 'Development Fund', separate from the existing community donations-process.
Doing this will not only enhance our project-support, but also shield the pool from abuse. Think about it: Let's say that, through its increasing sophistication and success it becomes a superior option for any miner to mine on. It would then naturally attract a subset of miners looking to immediately dump their proceeds back in the market, which runs counter to the purpose of the pool. Adding a mandatory Blackcoin-support surcharge would nix that.
I think the 'special wallet' could be deployed by a community voting system designed with transparency, fairness, and intelligence.
I'd greatly appreciate any feedback or thoughts from the community on this. Thanks!
I have been mining on the Blackcoin pool since it's inception (back in 'radio-days' as it were), and with great satisfaction. The ability to to gain equity in a coin while simultaneously supporting its value is just outstanding. The pool hashrate stats and number of active workers are just phenomenal.
Now that this rocket has launched into orbit, I'd like to toss out an idea, one that may not be immediately popular but which might enhance the long-term value of the pool. And it is this: To raise (yes, RAISE) the pool fee from 2%, to whatever degree necessary for making miner's immediate-term profitability no greater than, and perhaps slightly less, than other mining options. The surplus percentage could then go into a transparent wallet 'Development Fund', separate from the existing community donations-process.
Doing this will not only enhance our project-support, but also shield the pool from abuse. Think about it: Let's say that, through its increasing sophistication and success it becomes a superior option for any miner to mine on. It would then naturally attract a subset of miners looking to immediately dump their proceeds back in the market, which runs counter to the purpose of the pool. Adding a mandatory Blackcoin-support surcharge would nix that.
I think the 'special wallet' could be deployed by a community voting system designed with transparency, fairness, and intelligence.
I'd greatly appreciate any feedback or thoughts from the community on this. Thanks!
I don't think it is a good idea, a lot of people will look into the fee and think it is too high even if the profitability is better people might not even bother to try and see how many coins they really get after the fee. Also less people mining with a higher fee might get less income than a lot of people, I think that crypto at the moment is very elastic, due to the many alternatives available from other multipools to mining on your own.
Cheers!
Well Jabulon is right that the pool should not be so profitable that it makes sense to dump the BC earned through the pool into BTC afterwards. Furthermore I would also like to see the possibility to pay some extra fee that goes into development / bounties for BC projects. Even if it is optional.
I think there is a large number of miners on the multipool who really believe in this coin and don't just mine for profit but also to support the idea. Many of them will appreciate it if they can support the development through their mining effort.
AFAIK You
Again the idea of a multipool is to make it profitable for the miners and increase the value of the coin, if it is not profitable it would be BEYOND STUPIDITY to use it, it will not benefit the coin and you will subsidizing other people coins if they use other means to get them, also why someone would dump their bc mined using the multipool ? that doesn't make sense either, why would they use the multipool in the first place?.
PSA this is the Blackcoin thread for all those who have trouble with reading.
I understand you're bagholders in other coins, but trying to dump your shit on us in the blackcoin thread is in poor taste.
+1 I understand you're bagholders in other coins, but trying to dump your shit on us in the blackcoin thread is in poor taste.
And this is bad PR for those coins too when you want out shit on BC.
You want make advertisement of other coin you are free to do it in other tread.
And those all FUDs... + those whining in XXX coin i can earn more and more come and pump it for me becouse im bagholder of it.
If you want make here complain that you coin in bag is 100x betrer than BC just GTFO
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