Someone is pumping ... I'm closing my Mint browser tab. I won't buy into their tricks. Let BlackCoin grow naturally.
HOLD ON TO YOUR COINS!
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1376. (Read 2509928 times)
no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642 GET YOUR VOTE IN 35MINUTES LEFT
If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.
The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.
I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.
TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.
+1
Well-stated. Worth heeding.
+1+1. I am disappointed by all the people who voted for manually buying the coins on the highest vol exchange every 24 hours (72% of the votes atm)... so dumb... kinda shows how many people really don't understand how this is supposed to work.
no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642 GET YOUR VOTE IN 35MINUTES LEFT
If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.
The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.
I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.
TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.
I have to agree
Sweet, I'm really honored! Here's to a great future!
When are you change the logo ? 
no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642 GET YOUR VOTE IN 35MINUTES LEFT
If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.
The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.
I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.
TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.
+1
Well-stated. Worth heeding.
no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642 GET YOUR VOTE IN 35MINUTES LEFT
If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.
The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.
I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.
TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.
DOGE mining failover to the main pool work in progress. Finally got things working with PHP and MySQL for the p2p node which is going to make hash tracking a heck of a lot more convenient.
This feels like someone is messing with the price right now watchout
buying parts for my first mining rig just because of the bc multipool
Hmmm, is another pump about to begin? i see some intersting buy orders on mintpal. 
is this new code or is it a fork? if its a fork what is it a fork of? does it use coinage or something more like nxt for pos?
bump
im not sure, but im positive the dev will answer you as soon as he reads it
Looking in github I'd say it's forked from Novacoin. It uses coinage.
is this new code or is it a fork? if its a fork what is it a fork of? does it use coinage or something more like nxt for pos?
bump
im not sure, but im positive the dev will answer you as soon as he reads it
is this new code or is it a fork? if its a fork what is it a fork of? does it use coinage or something more like nxt for pos?
bump
Anyone know a good alt coin to mine so that I can fund my BC wallet?
I hope mintpal stays just like it is until the pool reopens!! I'm glad the price has settled now. Now I can start buying up some coins this week and prepare for the rise after the pool relaunches.
Agreed, price has now stabilised, accumulating in this area is now lower risk than it was some hours ago.
I hope mintpal stays just like it is until the pool reopens!! I'm glad the price has settled now. Now I can start buying up some coins this week and prepare for the rise after the pool relaunches.
pretty boring on mintpal right now
it will be till traders recover. expect BC to be more interesting after mid next week and more info about the pool going live for real gets released.
expect it to be at least 10 gh on scrypt side , and it will also allow asics.
it hit 7.5 gh this weekend stable.
pretty boring on mintpal right now
Its everyday the same, the whales choose a coin, pump it, make hype around it, dump it for a alot of profit.
Thats the same game everytime. This time it was Blackcoin.
But it also has a golden side: More people found out about this beautiful coin
So maybe we will see the price back at 1000, maybe 800, who knows, but thats no big deal because the community here is one of the best i ever met
So with the multipool project and another good ideas this will soon go forward and the price will rise
Ah and by the way, i lost everything cause of Wolongs great Pandastory and only had 0,3 BTC left and i bought BC for 250 satoshi the first day directly from the miners, and mined some by myself,
Now i got about 2,5 BTC only because of this coin and 100k blacks, this brought me directly back to business
so i found out you only can win with this baby
So GO GO GO!!!
Thats the same game everytime. This time it was Blackcoin.
But it also has a golden side: More people found out about this beautiful coin
So maybe we will see the price back at 1000, maybe 800, who knows, but thats no big deal because the community here is one of the best i ever met
So with the multipool project and another good ideas this will soon go forward and the price will rise
Ah and by the way, i lost everything cause of Wolongs great Pandastory and only had 0,3 BTC left and i bought BC for 250 satoshi the first day directly from the miners, and mined some by myself,
Now i got about 2,5 BTC only because of this coin and 100k blacks, this brought me directly back to business
so i found out you only can win with this baby
So GO GO GO!!!
+1
This is a great coin - great community, I've loaded up more on dips to 1500, don't care about day to day fluctuations. In for the long haul!
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