it's at 2900 now. It will probably crash to 1500-2000 as it is dumped.
Don't try to catch a falling knife! You'll bleed
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1347. (Read 2510302 times)
With all the crap that has been going with BC today, I want to share some of the results of my node.
1) My miners helped me patch up two crucial issues = success, an exactly why I kept it closed invite
2) We over performed the DOGE network, and earned something around 0.07 BTC / MH, so it was a good day for mining
3) The front end worked almost perfectly
4) I have to manually exchange, but my php script processed all payments successfully in a second once manual exchange was done
5) Auto exchange will be looked into ~2 weeks from now after Mintpal releases their trading api
Some notes on P2Pool mining if you're not familiar
1) P2Pool "lags." I have to send out a second batch of payments tomorrow morning as we still have a large amount of immature coins in the balance
2) P2Pool mining doesn't work so well for miners with less than 1 MH/s even if you're close by - I tested a 200 kH/s GPU about 10 miles away from the node as was getting a 20% DOA rate on it.
My next testing I'm to conduct this weekend, and aiming for the 100-150 MH/s range. Again, I am not building a giant multipool. I am working on the small scale. My poor little node would probably die if I had anything near the hash rate of Radio's pool. Hopefully he's doing alright.
1) My miners helped me patch up two crucial issues = success, an exactly why I kept it closed invite
2) We over performed the DOGE network, and earned something around 0.07 BTC / MH, so it was a good day for mining
3) The front end worked almost perfectly
4) I have to manually exchange, but my php script processed all payments successfully in a second once manual exchange was done
5) Auto exchange will be looked into ~2 weeks from now after Mintpal releases their trading api
Some notes on P2Pool mining if you're not familiar
1) P2Pool "lags." I have to send out a second batch of payments tomorrow morning as we still have a large amount of immature coins in the balance
2) P2Pool mining doesn't work so well for miners with less than 1 MH/s even if you're close by - I tested a 200 kH/s GPU about 10 miles away from the node as was getting a 20% DOA rate on it.
My next testing I'm to conduct this weekend, and aiming for the 100-150 MH/s range. Again, I am not building a giant multipool. I am working on the small scale. My poor little node would probably die if I had anything near the hash rate of Radio's pool. Hopefully he's doing alright.
morons, you think that a 100% growth per week is bad =P
watch the trends, and stop looking at the peaks like they are the true value, 5000 is just a ceiling where those that are happy with a 500% return are happy with.. we will see this again whenever those that have made their profits cash out, and it is necessary. if all the bag holders just held this coin would die as soon as speculation ended.
remember why you got in yourself, to make profit. Dont be upset just because some others, "the ones that bought under 1500" decided to cash out.
watch the trends, and stop looking at the peaks like they are the true value, 5000 is just a ceiling where those that are happy with a 500% return are happy with.. we will see this again whenever those that have made their profits cash out, and it is necessary. if all the bag holders just held this coin would die as soon as speculation ended.
remember why you got in yourself, to make profit. Dont be upset just because some others, "the ones that bought under 1500" decided to cash out.
honestly they are just going to replace the single pool, with multiple multi pools. More redundancy, more choice. Strong Blackcoin.
It's not rocket science
It's not rocket science
I don't know. What if I turn off my computer and the price drops to 1500 or even a 1000?
I could lose a lot of cheese.
I could lose a lot of cheese.
suggest you guys to turn off your computer and go to enjoy your real life tonight if you don't want to see this rise and fall action. 
Healthy market always has price fluctuation.
Healthy market always has price fluctuation.
Panic sellers with no balls.
Temporary setback of the multipool and everyone panics... oh well more cheap BC for me.
Temporary setback of the multipool and everyone panics... oh well more cheap BC for me.
Wow what happened to the price of of blackcoin? It's seriously dropping
is it something to do with the multipool getting hacked?
is it something to do with the multipool getting hacked?
The multipool wasn't hacked. The developer of it was stressed, simple as that. They're regrouping to come back with the pool and more of a team, apparently. Everyone panic sold because of ridiculous confusion in IRC.
it looks like everyone is panicking again and now the price is dropping like a rock yet again. What's the deal with that?
Just a continuation of the trend, plus a load of BC is now in new hands so may be less bullish.
I have every confidence it will level out and grow again.
looks like it will hit 2900 again, maybe lower
Wow what happened to the price of of blackcoin? It's seriously dropping
is it something to do with the multipool getting hacked?
is it something to do with the multipool getting hacked?
The multipool wasn't hacked. The developer of it was stressed, simple as that. They're regrouping to come back with the pool and more of a team, apparently. Everyone panic sold because of ridiculous confusion in IRC.
it looks like everyone is panicking again and now the price is dropping like a rock yet again. What's the deal with that?
Wow what happened to the price of of blackcoin? It's seriously dropping
is it something to do with the multipool getting hacked?
is it something to do with the multipool getting hacked?
The multipool wasn't hacked. The developer of it was stressed, simple as that. They're regrouping to come back with the pool and more of a team, apparently. Everyone panic sold because of ridiculous confusion in IRC.
its about to go to 2900 again
Wow what happened to the price of of blackcoin? It's seriously dropping
is it something to do with the multipool getting hacked?
is it something to do with the multipool getting hacked?
I'm starting to wonder if the multipools are a good thing for PoS coins in the long run. Isn't the whole point of a PoS coin to relieve the dependence on miners and prevent energy waste due to mining? With these multipools, the price is once again dependent upon miners and the coin is going back on its claim to be environmentally friendly. It seems to me that the price will bubble due to the buy support of the multipools, but if for any reason the multipools go down or if people lose interest in them that bubble will pop. Please somebody quell my fears, I really like PoS coins and I want to see them succeed.
Well this is only because people give value to some Scrypt altcoin and therefore are able to trade this value into BCs. I could also run an offshore oil rig (not very nice to its environment) and spend the profit I make on BCs. The currency itself does not create the energy waste, but if you can create SOME value by wasting energy than you of course can trade this value to BC/gold/USD.
The multipool bubble is in fact a point, once it is down a significant amount of buy support will be missing which might create a selling panic. However, we saw over last week that even without the multipool we had a steady grow so this bubble (hopefully) will only lead to a price correction, not a crash.
Excellent response, makes sense, thank you!
Please disconnect your miners, there will be a new pool launching on a different server. Go to the IRC and ask for Soepkip
I'm starting to wonder if the multipools are a good thing for PoS coins in the long run. Isn't the whole point of a PoS coin to relieve the dependence on miners and prevent energy waste due to mining? With these multipools, the price is once again dependent upon miners and the coin is going back on its claim to be environmentally friendly. It seems to me that the price will bubble due to the buy support of the multipools, but if for any reason the multipools go down or if people lose interest in them that bubble will pop. Please somebody quell my fears, I really like PoS coins and I want to see them succeed.
Well this is only because people give value to some Scrypt altcoin and therefore are able to trade this value into BCs. I could also run an offshore oil rig (not very nice to its environment) and spend the profit I make on BCs. The currency itself does not create the energy waste, but if you can create SOME value by wasting energy than you of course can trade this value to BC/gold/USD.
The multipool bubble is in fact a point, once it is down a significant amount of buy support will be missing which might create a selling panic. However, we saw over last week that even without the multipool we had a steady grow so this bubble (hopefully) will only lead to a price correction, not a crash.
Everyone stay calm Multipool is still up, Soepkip is sorting everything out 
Mooltipool is working...and will be working.
Some issues with Radiostatic will be fixed
someone will help him run pool develop it all will return to norm.
I think we don't need real panic.
I'm starting to wonder if the multipools are a good thing for PoS coins in the long run. Isn't the whole point of a PoS coin to relieve the dependence on miners and prevent energy waste due to mining? With these multipools, the price is once again dependent upon miners and the coin is going back on its claim to be environmentally friendly. It seems to me that the price will bubble due to the buy support of the multipools, but if for any reason the multipools go down or if people lose interest in them that bubble will pop. Please somebody quell my fears, I really like PoS coins and I want to see them succeed.
Everyone stay calm Multipool is still up, Soepkip is sorting everything out
Mooltipool is working...and will be working.
Some issues with Radiostatic will be fixed
someone will help him run pool develop it all will return to norm.
I think we don't need real panic.
Everyone stay calm Multipool is still up, Soepkip is sorting everything out
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