Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1616. (Read 2510320 times)
February 27, 2014, 05:25:29 PM
i dont understand the stake ? what is it??
February 27, 2014, 05:24:14 PM
ITS GONNA BLOW!!!
February 27, 2014, 05:24:11 PM
mine went away after a few min be patient
February 27, 2014, 05:24:02 PM
it would be nice if they movedthe sell wall @ 3000
February 27, 2014, 05:22:52 PM
Trying to unlock for block 5000 can no one help?
Go to debug window, console tab. type: walletpassphrase
Awesome thanks. My wallet is now unlocked however it still says 'stake miner suspended due to locked wallet', hopefully it starts working at 5000
No problem. The suspended message should clear shortly.
Actually, hmm...not sure why that 'minting suspended' message isn't going away after unlocking. Maybe just a bug. But if anyone knows of a further step, please advise.
February 27, 2014, 05:22:30 PM
Ok, 5000 now what 
February 27, 2014, 05:19:20 PM
Thanks again!
Excited for my .5 coins per day at 1% annually lol
Excited for my .5 coins per day at 1% annually lol
February 27, 2014, 05:18:51 PM
Trying to unlock for block 5000 can no one help?
Go to debug window, console tab. type: walletpassphrase
Awesome thanks. My wallet is now unlocked however it still says 'stake miner suspended due to locked wallet', hopefully it starts working at 5000
No problem. The suspended message should clear shortly.
February 27, 2014, 05:17:11 PM
OMG Jabulon thank you!!! Was like pulling teeth to get that info here lol
Sorry I took so long. Was caught up in another conversation. Two additional things: clear the console history with the red button lower left when you are done. Exit debug window. The lock should appear open immediately, but you may still see the minting-suspended message for a few minutes. It should disappear in a few.
February 27, 2014, 05:16:50 PM
Trying to unlock for block 5000 can no one help?
Go to debug window, console tab. type: walletpassphrase
Awesome thanks. My wallet is now unlocked however it still says 'stake miner suspended due to locked wallet', hopefully it starts working at 5000
February 27, 2014, 05:15:15 PM
Trying to unlock for block 5000 can no one help?
Go to debug window, console tab. type: walletpassphrase
what if i dont have a password
February 27, 2014, 05:14:32 PM
Almost on black 5000 !!
February 27, 2014, 05:14:10 PM
OMG Jabulon thank you!!! Was like pulling teeth to get that info here lol
I put the < and > in and freaked out when it said my passphrase was wrong lol
I put the < and > in and freaked out when it said my passphrase was wrong lol
February 27, 2014, 05:11:54 PM
No premine, wallet works fine, pool up running, already on multiple exchanges... and it's black.
I'm in!
I'm in!
February 27, 2014, 05:11:16 PM
Trying to unlock for block 5000 can no one help?
Go to debug window, console tab. type: walletpassphrase
February 27, 2014, 05:11:04 PM
'Wallet is encrypted and currently locked'
How do I unlock wallet for stake mining?
How do I unlock wallet for stake mining?
February 27, 2014, 05:09:09 PM
One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.
Not sure I follow your logic as far as price-discovery. The mere fact that a coin is increasingly hard to mine does not make it more valuable. Market demand does. Now if you say difficulty reduces supply, you'd have a partial basis. But again, scarcity alone does not create value if it is not met with demand.
Because mining difficulty will determine what the miner is willing to sell at, right at this moment, in the very short-term. At current difficulty there is no way I would sell at 2000 satoshi. I'd be better off mining DOGE. Anything beyond the short-term, the market demand ends up being the main deciding factor (which then adjusts difficulty up or down). But BC is interesting because that demand->difficulty adjustment is non-existent after block 10,000.
Not quite. What the miner is 'willing' to sell at may be determined by many things, including his own desperation or forebodings. And the miner can 'will' all he wants. The buyer may not really give a shit. Unless he's a motivated buyer, for whatever reason.
That would be true for any other coin out there (except for maybe MINT)
But, I added this
The very short mining period also means : good luck paying anything less than the miner is "paying" by investing their equipment into mining this coin. (If you will, then it won't be until after if the coin fails). That's why my logic.
This coin favors the miner, and there's no way around it. If the buyer doesn't give a shit, then neither will I and I'll move on to the next coin. I don't lose much mining BC for a week, especially with my long paid off hardware. There are more than enough miners on the coin with the same mentality. This isn't like DOGE where when one miner leaves, three more can take his place in a week, and in another, and a month, and etc.
February 27, 2014, 05:08:50 PM
i believe to unlock an encrypted wallet one would type one's password ...
February 27, 2014, 05:08:12 PM
Trying to unlock for block 5000 can no one help?
February 27, 2014, 05:06:17 PM
One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.
Not sure I follow your logic as far as price-discovery. The mere fact that a coin is increasingly hard to mine does not make it more valuable. Market demand does. Now if you say difficulty reduces supply, you'd have a partial basis. But again, scarcity alone does not create value if it is not met with demand.
Because mining difficulty will determine what the miner is willing to sell at, right at this moment, in the very short-term. At current difficulty there is no way I would sell at 2000 satoshi. I'd be better off mining DOGE. Anything beyond the short-term, the market demand ends up being the main deciding factor (which then adjusts difficulty up or down). But BC is interesting because that demand->difficulty adjustment is non-existent after block 10,000.
Not quite. What the miner is 'willing' to sell at may be determined by many things, including his own desperation or forebodings. And the miner can 'will' all he wants. The buyer may not really give a shit. Unless he's a motivated buyer, for whatever reason.
Jump to: