Stop dumping for the love of christ. Everytime we get past 7600 some idiot dumps back to 7400 rather than staggering their sell orders nicely for a smoother and more profitable exit. I cannot wait for the multipool to kick in again and burn these assholes out of their presumed profits.
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1289. (Read 2510302 times)
any prediction on price within the next 6-12 months?
1 USD
edit: if all goes well
6 months 10$ in 12 months 200$
I am as optimistic as the next guy, but do you really think BlackCoin will reach $10 in 6 months and in 12 months reach $200? Besides 42 Coin and Bitcoin, no other coin has come close to $200 per coin. I think $10.00 in 12 months is more realistic, unless you know something I do not know?
If BC gets accepted as a form of payment and is accepted at a lot of merchants then sky is the limit
You have to account that bc is still "unknown". Once the big players of the LTC and BTC world realize the potential and the threat that blackcoin is it will explode.
There is probably less then 20k people that know what blackcoin is. possibly less then 10k. What happens when that number is 200k? 2 million?
Blackcoin is stable enough to survive primetime like litecoin and dogecoin before it.
any prediction on price within the next 6-12 months?
1 USD
edit: if all goes well
6 months 10$ in 12 months 200$
I am as optimistic as the next guy, but do you really think BlackCoin will reach $10 in 6 months and in 12 months reach $200? Besides 42 Coin and Bitcoin, no other coin has come close to $200 per coin. I think $10.00 in 12 months is more realistic, unless you know something I do not know?
I'm optimistic too, but anyone can pull out numbers...
How about:
8,75$ in 6 months
122,44$ in one year
any prediction on price within the next 6-12 months?
1 USD
edit: if all goes well
6 months 10$ in 12 months 200$
I am as optimistic as the next guy, but do you really think BlackCoin will reach $10 in 6 months and in 12 months reach $200? Besides 42 Coin and Bitcoin, no other coin has come close to $200 per coin. I think $10.00 in 12 months is more realistic, unless you know something I do not know?
If BC gets accepted as a form of payment and is accepted at a lot of merchants then sky is the limit
any prediction on price within the next 6-12 months?
1 USD
edit: if all goes well
6 months 10$ in 12 months 200$
I am as optimistic as the next guy, but do you really think BlackCoin will reach $10 in 6 months and in 12 months reach $200? Besides 42 Coin and Bitcoin, no other coin has come close to $200 per coin. I think $10.00 in 12 months is more realistic, unless you know something I do not know?
To the community:
The following commentary is not so much for you, as you already know and understand the points it makes. It is something for the general education of the populace outside crypto, so please feel free to pass it along via blogs or other social media:
A few thoughts on Digital Currency:
Perhaps some of you heard about Warren Buffett's recent dismissal of Bitcoin as 'a mirage'. Funny, my first reaction to that was that he's just too old to understand what it is and what it may imply for the future of money. Now I'm pondering whether he actually had to reject it, vehemently, because of the extent to which he feels threatened by it. Most people, himself included, are very invested in the illusion of the dollar and/or their own respective government-backed currencies. The more people there are who understand what Bitcoin is, the more that illusion frays at the edges and begins to come undone.
I've been reading up a little on Gresham's law. Fascinating stuff. Sir Thomas Gresham was a sixteenth-century financial agent of the English Crown. The 'law' had been formulated a generation earlier by Copernicus, in a treatise called Monetae Cudendae Ratio. This is the crux of it: "bad (debased) coinage drives good (un-debased) coinage out of circulation." Gresham used this to explain to the Queen (Elizabeth 1) the reason for the miserable state into which the English shilling had fallen. To quote a historian whose name I didn't happen to note down:
"The statement was part of Gresham's explanation for the "unexampled state of badness" England's coinage had been left in following the "Great Debasements" of Henry VIII and Edward VI, which reduced the metallic value of English silver coins to a small fraction of what it had been at the time of Henry VII. It was owing to these debasements, Gresham observed to the Queen, that "all your fine gold was conveyed out of this your realm."
The connection I'm proposing here is that Bitcoin is, and is increasingly perceived to be, 'good' currency, while the dollar and other fiat currencies are increasingly perceived as 'debased'. This kind of thinking is still not widespread enough to have the disruptive impact it might have someday soon. But it has gained a lot of ground lately, enough to cause (in combination with a few other factors) Bitcoin valuation to rise from $25 to as high as $1,200 within a year.
Some may object that the parallel I'm drawing doesn't hold because, where (for instance) gold has 'intrinsic value', Bitcoin does not have it (or is presumed by Buffett and others not to). But what is 'intrinsic value'? I mean, yes, gold may have uses in old-school dentistry and in the making of pretty objects, but that hardly justifies the notion of value independant of the subjective, emotional consensus, "gold is precious". Still less does it confer any substance on the dollar, whose relationship to gold is but a distant memory. One might actually make a better argument that Bitcoin and its digital offspring, the 'altcoins', e.g., Litecoin, Blackcoin, Vertcoin etc., have more 'real' or 'intrinisic' value. Digital does what it does extremely well. The utility of it is tremendous. The intelligence and other resources that allow it to exist and function are tremendous (computing-power, among other things). And it cannot be minted arbitrarily in endless reams of paper at the whim of a central bank.
Others may object that while Gresham was speaking about currency, i.e., different grades of shilling within the realm, Bitcoin and the 'alts' are not currency. But this is just semantic quibbling. The mindless refrain of newspaper columnists lately has been that currency must be mandated by government, a qualification Bitcoin and the others lack. Meaning, it's not currency unless government says it is. I would say that it becomes currency in virtue of being used as such. Which it already is. By real people, in real commerce.
Anyway, we'll see how it all plays out. We may see a time when people try as hard as possible to palm off their dollars to anyone who still tolerates them in exchange for goods and services, while seeking to receive digital currency whenever possible -- to collect or spend in international trade where it's the only currency-form that is taken seriously at all. I believe we may be heading that way.
--Jabulon
The following commentary is not so much for you, as you already know and understand the points it makes. It is something for the general education of the populace outside crypto, so please feel free to pass it along via blogs or other social media:
A few thoughts on Digital Currency:
Perhaps some of you heard about Warren Buffett's recent dismissal of Bitcoin as 'a mirage'. Funny, my first reaction to that was that he's just too old to understand what it is and what it may imply for the future of money. Now I'm pondering whether he actually had to reject it, vehemently, because of the extent to which he feels threatened by it. Most people, himself included, are very invested in the illusion of the dollar and/or their own respective government-backed currencies. The more people there are who understand what Bitcoin is, the more that illusion frays at the edges and begins to come undone.
I've been reading up a little on Gresham's law. Fascinating stuff. Sir Thomas Gresham was a sixteenth-century financial agent of the English Crown. The 'law' had been formulated a generation earlier by Copernicus, in a treatise called Monetae Cudendae Ratio. This is the crux of it: "bad (debased) coinage drives good (un-debased) coinage out of circulation." Gresham used this to explain to the Queen (Elizabeth 1) the reason for the miserable state into which the English shilling had fallen. To quote a historian whose name I didn't happen to note down:
"The statement was part of Gresham's explanation for the "unexampled state of badness" England's coinage had been left in following the "Great Debasements" of Henry VIII and Edward VI, which reduced the metallic value of English silver coins to a small fraction of what it had been at the time of Henry VII. It was owing to these debasements, Gresham observed to the Queen, that "all your fine gold was conveyed out of this your realm."
The connection I'm proposing here is that Bitcoin is, and is increasingly perceived to be, 'good' currency, while the dollar and other fiat currencies are increasingly perceived as 'debased'. This kind of thinking is still not widespread enough to have the disruptive impact it might have someday soon. But it has gained a lot of ground lately, enough to cause (in combination with a few other factors) Bitcoin valuation to rise from $25 to as high as $1,200 within a year.
Some may object that the parallel I'm drawing doesn't hold because, where (for instance) gold has 'intrinsic value', Bitcoin does not have it (or is presumed by Buffett and others not to). But what is 'intrinsic value'? I mean, yes, gold may have uses in old-school dentistry and in the making of pretty objects, but that hardly justifies the notion of value independant of the subjective, emotional consensus, "gold is precious". Still less does it confer any substance on the dollar, whose relationship to gold is but a distant memory. One might actually make a better argument that Bitcoin and its digital offspring, the 'altcoins', e.g., Litecoin, Blackcoin, Vertcoin etc., have more 'real' or 'intrinisic' value. Digital does what it does extremely well. The utility of it is tremendous. The intelligence and other resources that allow it to exist and function are tremendous (computing-power, among other things). And it cannot be minted arbitrarily in endless reams of paper at the whim of a central bank.
Others may object that while Gresham was speaking about currency, i.e., different grades of shilling within the realm, Bitcoin and the 'alts' are not currency. But this is just semantic quibbling. The mindless refrain of newspaper columnists lately has been that currency must be mandated by government, a qualification Bitcoin and the others lack. Meaning, it's not currency unless government says it is. I would say that it becomes currency in virtue of being used as such. Which it already is. By real people, in real commerce.
Anyway, we'll see how it all plays out. We may see a time when people try as hard as possible to palm off their dollars to anyone who still tolerates them in exchange for goods and services, while seeking to receive digital currency whenever possible -- to collect or spend in international trade where it's the only currency-form that is taken seriously at all. I believe we may be heading that way.
--Jabulon
Reuters decided to post my article. Cool! See comment section immediately below this big piece on Bitcoin: http://www.reuters.com/article/2014/03/20/bitcoin-future-idUSL3N0MH0AD20140320
Real glad to keep getting the word out on Crypto and the precious few truly outstanding coins, including Blackcoin, which is mentioned here alongside Bitcoin, Litecoin and Vertcoin. The four pillars of Cryptocurrency, imho. Anyway, tweet the shit out of the link. Thanks!
wow that's awsome, I think this will get attention to Blackcoin in a very big way, this can get very very big
And I hope BC does not hit Craptsy ..
To the community:
The following commentary is not so much for you, as you already know and understand the points it makes. It is something for the general education of the populace outside crypto, so please feel free to pass it along via blogs or other social media:
A few thoughts on Digital Currency:
Perhaps some of you heard about Warren Buffett's recent dismissal of Bitcoin as 'a mirage'. Funny, my first reaction to that was that he's just too old to understand what it is and what it may imply for the future of money. Now I'm pondering whether he actually had to reject it, vehemently, because of the extent to which he feels threatened by it. Most people, himself included, are very invested in the illusion of the dollar and/or their own respective government-backed currencies. The more people there are who understand what Bitcoin is, the more that illusion frays at the edges and begins to come undone.
I've been reading up a little on Gresham's law. Fascinating stuff. Sir Thomas Gresham was a sixteenth-century financial agent of the English Crown. The 'law' had been formulated a generation earlier by Copernicus, in a treatise called Monetae Cudendae Ratio. This is the crux of it: "bad (debased) coinage drives good (un-debased) coinage out of circulation." Gresham used this to explain to the Queen (Elizabeth 1) the reason for the miserable state into which the English shilling had fallen. To quote a historian whose name I didn't happen to note down:
"The statement was part of Gresham's explanation for the "unexampled state of badness" England's coinage had been left in following the "Great Debasements" of Henry VIII and Edward VI, which reduced the metallic value of English silver coins to a small fraction of what it had been at the time of Henry VII. It was owing to these debasements, Gresham observed to the Queen, that "all your fine gold was conveyed out of this your realm."
The connection I'm proposing here is that Bitcoin is, and is increasingly perceived to be, 'good' currency, while the dollar and other fiat currencies are increasingly perceived as 'debased'. This kind of thinking is still not widespread enough to have the disruptive impact it might have someday soon. But it has gained a lot of ground lately, enough to cause (in combination with a few other factors) Bitcoin valuation to rise from $25 to as high as $1,200 within a year.
Some may object that the parallel I'm drawing doesn't hold because, where (for instance) gold has 'intrinsic value', Bitcoin does not have it (or is presumed by Buffett and others not to). But what is 'intrinsic value'? I mean, yes, gold may have uses in old-school dentistry and in the making of pretty objects, but that hardly justifies the notion of value independant of the subjective, emotional consensus, "gold is precious". Still less does it confer any substance on the dollar, whose relationship to gold is but a distant memory. One might actually make a better argument that Bitcoin and its digital offspring, the 'altcoins', e.g., Litecoin, Blackcoin, Vertcoin etc., have more 'real' or 'intrinisic' value. Digital does what it does extremely well. The utility of it is tremendous. The intelligence and other resources that allow it to exist and function are tremendous (computing-power, among other things). And it cannot be minted arbitrarily in endless reams of paper at the whim of a central bank.
Others may object that while Gresham was speaking about currency, i.e., different grades of shilling within the realm, Bitcoin and the 'alts' are not currency. But this is just semantic quibbling. The mindless refrain of newspaper columnists lately has been that currency must be mandated by government, a qualification Bitcoin and the others lack. Meaning, it's not currency unless government says it is. I would say that it becomes currency in virtue of being used as such. Which it already is. By real people, in real commerce.
Anyway, we'll see how it all plays out. We may see a time when people try as hard as possible to palm off their dollars to anyone who still tolerates them in exchange for goods and services, while seeking to receive digital currency whenever possible -- to collect or spend in international trade where it's the only currency-form that is taken seriously at all. I believe we may be heading that way.
--Jabulon
The following commentary is not so much for you, as you already know and understand the points it makes. It is something for the general education of the populace outside crypto, so please feel free to pass it along via blogs or other social media:
A few thoughts on Digital Currency:
Perhaps some of you heard about Warren Buffett's recent dismissal of Bitcoin as 'a mirage'. Funny, my first reaction to that was that he's just too old to understand what it is and what it may imply for the future of money. Now I'm pondering whether he actually had to reject it, vehemently, because of the extent to which he feels threatened by it. Most people, himself included, are very invested in the illusion of the dollar and/or their own respective government-backed currencies. The more people there are who understand what Bitcoin is, the more that illusion frays at the edges and begins to come undone.
I've been reading up a little on Gresham's law. Fascinating stuff. Sir Thomas Gresham was a sixteenth-century financial agent of the English Crown. The 'law' had been formulated a generation earlier by Copernicus, in a treatise called Monetae Cudendae Ratio. This is the crux of it: "bad (debased) coinage drives good (un-debased) coinage out of circulation." Gresham used this to explain to the Queen (Elizabeth 1) the reason for the miserable state into which the English shilling had fallen. To quote a historian whose name I didn't happen to note down:
"The statement was part of Gresham's explanation for the "unexampled state of badness" England's coinage had been left in following the "Great Debasements" of Henry VIII and Edward VI, which reduced the metallic value of English silver coins to a small fraction of what it had been at the time of Henry VII. It was owing to these debasements, Gresham observed to the Queen, that "all your fine gold was conveyed out of this your realm."
The connection I'm proposing here is that Bitcoin is, and is increasingly perceived to be, 'good' currency, while the dollar and other fiat currencies are increasingly perceived as 'debased'. This kind of thinking is still not widespread enough to have the disruptive impact it might have someday soon. But it has gained a lot of ground lately, enough to cause (in combination with a few other factors) Bitcoin valuation to rise from $25 to as high as $1,200 within a year.
Some may object that the parallel I'm drawing doesn't hold because, where (for instance) gold has 'intrinsic value', Bitcoin does not have it (or is presumed by Buffett and others not to). But what is 'intrinsic value'? I mean, yes, gold may have uses in old-school dentistry and in the making of pretty objects, but that hardly justifies the notion of value independant of the subjective, emotional consensus, "gold is precious". Still less does it confer any substance on the dollar, whose relationship to gold is but a distant memory. One might actually make a better argument that Bitcoin and its digital offspring, the 'altcoins', e.g., Litecoin, Blackcoin, Vertcoin etc., have more 'real' or 'intrinisic' value. Digital does what it does extremely well. The utility of it is tremendous. The intelligence and other resources that allow it to exist and function are tremendous (computing-power, among other things). And it cannot be minted arbitrarily in endless reams of paper at the whim of a central bank.
Others may object that while Gresham was speaking about currency, i.e., different grades of shilling within the realm, Bitcoin and the 'alts' are not currency. But this is just semantic quibbling. The mindless refrain of newspaper columnists lately has been that currency must be mandated by government, a qualification Bitcoin and the others lack. Meaning, it's not currency unless government says it is. I would say that it becomes currency in virtue of being used as such. Which it already is. By real people, in real commerce.
Anyway, we'll see how it all plays out. We may see a time when people try as hard as possible to palm off their dollars to anyone who still tolerates them in exchange for goods and services, while seeking to receive digital currency whenever possible -- to collect or spend in international trade where it's the only currency-form that is taken seriously at all. I believe we may be heading that way.
--Jabulon
Reuters decided to post my article. Cool! See comment section immediately below this big piece on Bitcoin: http://www.reuters.com/article/2014/03/20/bitcoin-future-idUSL3N0MH0AD20140320
Real glad to keep getting the word out on Crypto and the precious few truly outstanding coins, including Blackcoin, which is mentioned here alongside Bitcoin, Litecoin and Vertcoin. The four pillars of Cryptocurrency, imho. Anyway, tweet the shit out of the link. Thanks!
Heads up; BC will be listed on Cryptsy on March 28th 
Ouch...that might not be such a good idea. I was hoping BC would stay away from Cryptsy. I have witnessed dozens of coins that are doing fine before being listed on Cryptsy, die a slow death after being listed.
any prediction on price within the next 6-12 months?
1 USD
edit: if all goes well
6 months 10$ in 12 months 200$
Heads up; BC will be listed on Cryptsy on March 28th
Guess cryptsy got tired of seeing mintpal making some serious bank on Blackcoin. No one would pay their listing fee
Or I sure hope not.Not a bad thing, more buyers for Blackcoin, more exposure. The first coin to be listed that was not voted on since the change.
Heads up; BC will be listed on Cryptsy on March 28th
If anyone wants some quick cash to trade up for BC over next few days, SPA is looking real good for a mighty pump.
not sure if serious? its gone from $2 to about 20cent lol.All those country coins are rubbish imo.
If anyone wants some quick cash to trade up for BC over next few days, SPA is looking real good for a mighty pump.
you think they will up big just because they went to adaptive N ?
This is the third time this pattern has repeated. If you're interested in the price pattern read below.
Pump from 600 to 1400 satoshis. This led to a massive dump back and took a while to recover from. It slowly climbed back up to 1500 and then...
Pump from 1500 to 4900 satoshis. This was an epic pump. The usual daily trading volume spiked up to 1400 BTC traded in a day. It was followed by a massive dump (people taking profit).
Since that last dump which occurred the weekend before last the price has slowly climbed back up from 1600 to 2500 to 3500 to 4500. When it broke 3500 confidence started regrowing very quickly. It hovered around the high 4000's for a while. When it smashed through 5000, I posted here saying this is a very significant sign (it's a very bullish indicator recovering from a dump to break the all time high price) and I predicted a frenzied pump like the last two times (proof here - DO NOT POST SESC LINKS ).
We've now experienced the next pump from 4900 to 9000 satoshis
What is happening now is the next dumping phase. Effectively this is people cashing out there profits. I expect this to last for several days like the last few times. There's no proof of work mined coins being dumped on the market. The only mass coins being released are from people who bought low and who want to realise their profits. Eventually this will stop, and the buying pressure will cause further rises in price.
The market cap of this coin is still peanuts. We could easily triple in price from here. Easily. When I do finally start taking profits from this coin, it's going to be one of the rare coins where I only cash out half and keep the other half in. Because with a coin like this you just don't know what the ceiling is going to be for many weeks.
Pump from 600 to 1400 satoshis. This led to a massive dump back and took a while to recover from. It slowly climbed back up to 1500 and then...
Pump from 1500 to 4900 satoshis. This was an epic pump. The usual daily trading volume spiked up to 1400 BTC traded in a day. It was followed by a massive dump (people taking profit).
Since that last dump which occurred the weekend before last the price has slowly climbed back up from 1600 to 2500 to 3500 to 4500. When it broke 3500 confidence started regrowing very quickly. It hovered around the high 4000's for a while. When it smashed through 5000, I posted here saying this is a very significant sign (it's a very bullish indicator recovering from a dump to break the all time high price) and I predicted a frenzied pump like the last two times (proof here - DO NOT POST SESC LINKS ).
We've now experienced the next pump from 4900 to 9000 satoshis
What is happening now is the next dumping phase. Effectively this is people cashing out there profits. I expect this to last for several days like the last few times. There's no proof of work mined coins being dumped on the market. The only mass coins being released are from people who bought low and who want to realise their profits. Eventually this will stop, and the buying pressure will cause further rises in price.
The market cap of this coin is still peanuts. We could easily triple in price from here. Easily. When I do finally start taking profits from this coin, it's going to be one of the rare coins where I only cash out half and keep the other half in. Because with a coin like this you just don't know what the ceiling is going to be for many weeks.
I agree with this although I feel this phase may have a shallower drop in coin value than the previous phases. This coin is attracting a lot of attention and once we get in top 10 market cap it will gain almost unstoppable momentum.
That's just my opinion.
How many multipools exist? Is anyone working on one? I was thinking about starting one to mine dogecoin and convert it.
they are in beta stage and will probably up runing smooth soon.
better mine a profitable one right now and exchange for bc
I'm a developer so I'm more interested in building out the BC infrastructure than actually mining. Want to make sure there are diverse options so this can really blow up.
Can someone explain to me about the P2P pools.
I understand you need over 1Mh/s to make it worthwhile.
I switched from blackcoinpool to cryptoalts. I have 2.1Mh/s but was getting between 25 to 40% dead rate. Does the Mh/s have to be on each card or total combined for the miner?
I had a few disconnects for some time on each one also so I switched to another coin until I get home from work. Just can't take a chance of not mining any coin for the next 12 hours. I know about fail over bats, just couldn't take a chance with both pools working sporadically.
I have that total of 2.1Mh/s from 6 different cards. Also the cryptoalts takes a long time for me to find a share whereas blackcoinpool comes fast. I know they are mining different things and the difficulty are different on each pool.
Last thing is there an easy way to see what cryptoalts is mining?
Thanks.
I understand you need over 1Mh/s to make it worthwhile.
I switched from blackcoinpool to cryptoalts. I have 2.1Mh/s but was getting between 25 to 40% dead rate. Does the Mh/s have to be on each card or total combined for the miner?
I had a few disconnects for some time on each one also so I switched to another coin until I get home from work. Just can't take a chance of not mining any coin for the next 12 hours. I know about fail over bats, just couldn't take a chance with both pools working sporadically.
I have that total of 2.1Mh/s from 6 different cards. Also the cryptoalts takes a long time for me to find a share whereas blackcoinpool comes fast. I know they are mining different things and the difficulty are different on each pool.
Last thing is there an easy way to see what cryptoalts is mining?
Thanks.
It's a per rig deal. And unfortunately due to hash rate now being as high as 150-180 MH/s, you probably want 1.5-2 MH/s on a single rig to make it worth while. Right now pool DOA is pretty high as well (18-20%) because of all the connections coming from various places around the world (we actually now match the DOGE P2Pool DOA rate as an whole). This "stress test" shows essentially why I will be setting up more of these P2Pool nodes in other countries. Doing so will help the following two issues.
1) Needing so much hash power to have a decent acceptance rate on the pool (the more hash the node hash, the more hash you need)
2) Distance causing DOA rate issues as well
Even one of my own rigs that is mining at 700 kH/s is starting to have issues, so yes, more nodes in the future for better rates. If you have high DOA rates and your stats output just isn't what you're expecting, I suggest just mining elsewhere for now. I wasn't expecting the surge up to 200 MH/s today, but it's good to have an idea of what is ideal for one of these P2Pool nodes, and it seems like ~5-100MH/s and nearby works best. Last night when the pool was around 30 MH/s the total DOA rate was hovering at 6-7%. In the future you'll see stuff like "uswest.cryptoalts.com, useast.cryptoalts.com, eu.cryptoalts.com, ru.cryptoalts.com, aus.cryptoalts.com" and etc. Then as a failover you can choose the one closest to you and get the best rates possible. Plus the hash rate per node won't be so high, requiring less on your end as well.
I already have some volunteer P2P node operators in other countries. I just need to figure out an issue of why the automated script payout gets a 500 error to the wallet 75% of the time about halfway through the payouts (then requiring manual processing). Then once that is solved, more nodes can start being deployed.
Thanks for the explanation.
I have a better understanding of the workings of P2P now.
It's definitely different than traditional pool mining, but imo very important to get going. With these P2P nodes, the chances of all BC paying pools being down at some given point in the future will be slim to none. It may even offer alternatives to those who may not be getting good hash or acceptance rates to the big multipools.
If anyone wants some quick cash to trade up for BC over next few days, SPA is looking real good for a mighty pump.
How many multipools exist? Is anyone working on one? I was thinking about starting one to mine dogecoin and convert it.
they are in beta stage and will probably up runing smooth soon.
better mine a profitable one right now and exchange for bc
How many multipools exist? Is anyone working on one? I was thinking about starting one to mine dogecoin and convert it.
Can someone explain to me about the P2P pools.
I understand you need over 1Mh/s to make it worthwhile.
I switched from blackcoinpool to cryptoalts. I have 2.1Mh/s but was getting between 25 to 40% dead rate. Does the Mh/s have to be on each card or total combined for the miner?
I had a few disconnects for some time on each one also so I switched to another coin until I get home from work. Just can't take a chance of not mining any coin for the next 12 hours. I know about fail over bats, just couldn't take a chance with both pools working sporadically.
I have that total of 2.1Mh/s from 6 different cards. Also the cryptoalts takes a long time for me to find a share whereas blackcoinpool comes fast. I know they are mining different things and the difficulty are different on each pool.
Last thing is there an easy way to see what cryptoalts is mining?
Thanks.
I understand you need over 1Mh/s to make it worthwhile.
I switched from blackcoinpool to cryptoalts. I have 2.1Mh/s but was getting between 25 to 40% dead rate. Does the Mh/s have to be on each card or total combined for the miner?
I had a few disconnects for some time on each one also so I switched to another coin until I get home from work. Just can't take a chance of not mining any coin for the next 12 hours. I know about fail over bats, just couldn't take a chance with both pools working sporadically.
I have that total of 2.1Mh/s from 6 different cards. Also the cryptoalts takes a long time for me to find a share whereas blackcoinpool comes fast. I know they are mining different things and the difficulty are different on each pool.
Last thing is there an easy way to see what cryptoalts is mining?
Thanks.
It's a per rig deal. And unfortunately due to hash rate now being as high as 150-180 MH/s, you probably want 1.5-2 MH/s on a single rig to make it worth while. Right now pool DOA is pretty high as well (18-20%) because of all the connections coming from various places around the world (we actually now match the DOGE P2Pool DOA rate as an whole). This "stress test" shows essentially why I will be setting up more of these P2Pool nodes in other countries. Doing so will help the following two issues.
1) Needing so much hash power to have a decent acceptance rate on the pool (the more hash the node hash, the more hash you need)
2) Distance causing DOA rate issues as well
Even one of my own rigs that is mining at 700 kH/s is starting to have issues, so yes, more nodes in the future for better rates. If you have high DOA rates and your stats output just isn't what you're expecting, I suggest just mining elsewhere for now. I wasn't expecting the surge up to 200 MH/s today, but it's good to have an idea of what is ideal for one of these P2Pool nodes, and it seems like ~5-100MH/s and nearby works best. Last night when the pool was around 30 MH/s the total DOA rate was hovering at 6-7%. In the future you'll see stuff like "uswest.cryptoalts.com, useast.cryptoalts.com, eu.cryptoalts.com, ru.cryptoalts.com, aus.cryptoalts.com" and etc. Then as a failover you can choose the one closest to you and get the best rates possible. Plus the hash rate per node won't be so high, requiring less on your end as well.
I already have some volunteer P2P node operators in other countries. I just need to figure out an issue of why the automated script payout gets a 500 error to the wallet 75% of the time about halfway through the payouts (then requiring manual processing). Then once that is solved, more nodes can start being deployed.
Thanks for the explanation.
I have a better understanding of the workings of P2P now.
any prediction on price within the next 6-12 months?
1 USD
edit: if all goes well
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