Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1443. (Read 2510308 times)

+1

Yes, blackcoin will in time, as you say "SUCK" all other coins out of existence, and in one final battle consume Bitcoin itself. Then there will only be Blackcoin. And the world will be at peace.

I get it now... BlackCoin is like a black hole that sucks in value! And nothing can escape a black hole!

The multipool benefits the whole BlackCoin holding community.

1. If you are not able to mine, not a miner, then your BlackCoin holding will benefit from constant buying pressure from the BlackCoin miners
2. If you are a miner, your BlackCoin holding will increase in value AND you will also increase your overall holding

So, who loses out? Where does the value come from. I have been thinking about this...

The value being injected in to BlackCoin is being transferred (sucked) from the other coins when their difficulty is low and they are cheap to mine. This value will be transferring in to BlackCoin. The more miners we have, the more value is SUCKED from the other coins and put in to BlackCoin. As there is negligible coin inflation for BlackCoin all the injected value will be held in the BlackCoin currency.

What an amazing idea!

Wow!  Nice work!

Aside from what you said, the simple fact that there is going to be a pool that directly places buy orders on black coin, it's quite obvious that we as a community mining this are going to put a great deal of buying pressure on the coin. The price isn't going to sit where it is or drop if we have a growing network putting 24/7 buys on the coin. This is win win as long as we get hash on this pool, I'm going to send all my mining power straight to it.

Its a automated process,  No real thinking, no switching, constant watching etc.    I never find myself hopping off and on coins by the hour.  I just pick ones I like and mine a while.    The multipool if its dynamic and fast should be way better at converting hashrate to BC/BTC than a average user could.

Some also keep asking how this is any different than just mining other alts and buying BC yourself. And the answer is simple - individually we are small, but together we are huge.


Even those who don't have any from the ground floor can benefit, and ever single coin they mine becomes supported by their continual hashing because of the near fixed supply. They can support their mining efforts just by continuously mining.

Pretty, much,  if there was a more sure thing in Crypto right now I sure want someone to show it to me.    This new Multi pool empowers 'ME' to increase the value-'store' of BC.  A coin that I like very much.   It allows me to increase its value 'withOUT' using BTC in any direct manner!  I can use existing equipment and others can too.     In general I think hashrate is easier to part with than BTC for most people (not that it is different)

I cannot wait till this friday.  I wish I had the capability to become a highs-stake holder here at the ground floor of tomorrow.

Only 1 of three things will happen:

1) The blackcoins on sale will be bought up and very gradually will increase or hold the price
2) The blackcoins on sale will be bought up causing a gradual but prolonged increase the price
3) The blackcoins on sale will be bought up causing a fast and prolonged increase the price

Anything other than one of these 3 options is such a remote possibility it is not worth considering?

I don't think it is this simple,  If the multipool is fast and dynamic.  We will 'suck' the cream off of other alts that are on the rise.   I don't see any real-world way for it become a zero-net game for BC really.

The only way I could see the Multi-pool not bringing game-changing price advances is:

100% of multipool BC is dumped immediately back. (even 99% dump is a net-gain)  (though even this would still be volume and activity which is good!)
No one mines in the multi-pool.  Not even 1Mhs.  (yeah right, its going to get hundreds of Mhs at day one)
All other alts or crypto dies immediate...

First I would have to ask - do you have a mining rig?

If you are thinking of building a mining rig I will warn this is quite a project! But if you are up for it, the guide by CryptoBadger will be a good place to start:

http://www.cryptobadger.com/2013/04/build-a-litecoin-mining-rig-hardware/

Good luck!

tragedy on themselves ASK seller to bid no buyers, the rate drops as so on will
from 1088 to 1200 BC much exposed for sale are not to pierce the wall

Excellent insight!! The distribution of BlackCoin is another fundamental asset that is getting better daily. Thank you for sharing!

There is no point miners mining at BC Multipool if they are going to sell their BC for BTC. They may as well just mine at Wafflepool or Multipool.us! I am certain that all miners at BC Multipool are mining there SOLELY to increase their own BlackCoin holding. Certain of it!

BTC  General wallet analysis  BTC

Noticing there are a few more 1 mil + holders of blackcoin

There was only around 6 now there is 10. Some decent players have been accumulating.

top 20 consists of only those with more than 500k

top 50 is 200k+

1 BTC will no longer get you into the top 100.

Overall 31,491,74.905 is owned by the top 100 which is decreasing from yesterday. (it was around 34 million)

Which typically means that distribution is increasing.

Here is the direct Reddit link where I will have most of the updates.

http://www.reddit.com/r/Bitcoin/comments/207014/penguin_books_penguin_foundation_charitable

Thanks again to all those who are helping these kids who don't have the opportunity to have books like we do, and the Penguin Foundation!

Charity Box's so far:
BTC-0.03122
LTC-0.00
DOGE-1,005.60
PENG-200,000.00
AURORA-0.00
FLAP-0.00
RIPPLE-0.00
KLONDIKE-0.00
ULTRA-0.00
EARTH-0.00
DARK-0.00
LEAF-0.00
MINT-0.00
BLACK-0.00

"Hey everyone!

So for those of you who know me either from Reddit or Bitcointalk, I am the guy who has a glass etching business with my girl that started doing glass etched Bitcoin Glasses and have been an active member in the crypto currency world.

Today, I want to inform you that with being a big part in the Penguincoin community, our community has setup with two charitable organizations for whom we are going to work directly with on helping their cause.

In doing so, I personally have promised to the community that ANY SALE made with our glass etching at https://www.etsy.com/shop/pixskull, we will PERSONALLY DONATE 25% off the sale to our donation wallet, which will get divided between the two charitites.  By tomorrow we will post an article that http://cryptoarticles.com

Our first charity we have been in communication with is Penguin Books and the Pearson Foundation.  

Who is known for such books as:*
*Of Mice & Men
*Jane Eyre
*Pride and Prejudice
*The Odyssey
*Hamlet
*Moby Dick

They're charity is http://wegivebooks.org.  We give books donates books to children less fortunate and tries to inspire caregivers and educators the chance to inspire children to become lifelong readers and lifelong givers.

For every $5 dollars donated, they will send two more bookbooks to their charity partners.

The other organization we have communicated with and are making promises to is **The Penguin Foundation**
http://penguinfoundation.org.au

The Penguin Foundation was established to protect and preserve one of Australia's most important natural assets - the little penguin.

The Penguin Foundation aims to provide a dedicated source of funding to support little penguin conservation projects on Phillip Island. These include little penguin rescue and rehabilitation in the event of a man-made disaster; building new little penguin nesting areas; monitoring little penguin health and behaviour; protecting the little penguins' natural environment; and contributing funding to the vital Phillip Island Nature Parks Wildlife Clinic on Phillip Island. Since its establishment in 2006, the Penguin Foundation has raised over $1.5 million.

Our Goal for the penguin foundation is to be a sponsor, but we will have an adopted penguin as well.  And with the current news articles about the Penguin Foundations need, such as http://www.chron.com/news/nation-world/article/Knit-a-penguin-sweater-to-help-them-survive-an-5293898.php We felt the need to reach out directly to them.

Any and all donations are beneficial to our cause and the meaning of what Penguincoin is trying to achieve, and what a positive outlook the crypto-currency world will achieve from this and it's ability to do more positive for the world then negative.

Thank you for any help, and please spread the word.  I will gladly update everyone on here, as well as on bitcointalk about the updates and donations we have been receiving, as well as the updates on our penguins and books that have been donated.

Sincerely,

Rich Ferry

Donations are accepted in any of these forms so far.  We will gladly give other currencies the option to donate on request.

*BTC-1MEnRWb5EWoiQm32p3aF78MkBAPheqAvZQ
*LTC-LSAgpiArAQCe8jyUrHZ7vG3vyQv4xwY5GQ
*PENG-pDFQzCdyeqKdzP7LRgAc2G21LQJKzHKXQz
*DOGE-DMEAqJBRkPL38A5MPwmfanDx98sWen6Kgu
*RIPPLE-rPYpuvDH7sXBDF2hEYC1E7Ko2sUEKqYetG
*AURORACOIN-ASZfre39f9Po8ndukHznRzo2y18MF2tift
*FLAP-FFUZk1m7gohkbNCK42YjdZA44FuJ5W3tDe
*KLONDIKE-L6zvYLLeVjwFgWN7cpJb3EMfwjJJXenx1J
*ULTRA-UjkkNHz3X9VrVw1t3z6gA74nhg31ZBKHip
*EARTH-epYihNy9sNmLBHo8HUaSKoVsrgaY2c9LvQ
*DARK-XhgrwWsfE3pGcy6sBqcMTSwvegnqQQGjMF
*LEAF-fHxCcHMzRFjrythxRHhZmM2Xz2E4Q7PtV6
*MINT-MXQcJJCmkFTByLuUYqgatVKBuH3FPNmbcn
*BLACK-B4s9FErujyGYrp4VuR5u94vVBwytoTL9XS

Almost all pools have a very basic and general "Get started" page. This pool will mine other Scrypt-based alt-coins.
On details, the topic is so broad that I suggest to join IRC-chat on freenode, #blackcoin channel for more detailed support.