[ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1618.

BitcoinStacker

full member

Activity: 308

Merit: 100

Quote from: rygamble on February 27, 2014, 04:38:40 PM

Quote from: blade87 on February 27, 2014, 04:33:38 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.

Don't forget about there just not being any more mine-able coins in less than a week.

If all coins are mined this coin will be very rare

ScroogeD

member

Activity: 70

Merit: 10

█ Scrooge D Silver █

Here's my logo suggestion.

We all know that the theme of the coin is rather dark/black. I think it has to be something simple, but unique to please the masses.
Hence I would suggest a total solar eclipse with a corona surrounding the sun. As you might know a solar eclipse occurs, when the moon passes between the sun and earth. As the community is always shouting the famous "to da moooon", this might also fit.
It looks powerful and shows strength. I hope you like it.

PS: Unfortunately my image editing skills are very limited, so somebody has to reform my application. Different shades, fonts, colours. Thx.

Jabulon

sr. member

Activity: 266

Merit: 250

Quote from: blade87 on February 27, 2014, 04:33:38 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.

Soepkip

sr. member

Activity: 476

Merit: 250

Quote from: dominik375 on February 27, 2014, 04:37:27 PM

what happens after block 5000 ? diff decrease ? or what? pos and something else ?

PoS should start working.

rygamble

full member

Activity: 160

Merit: 100

Quote from: blade87 on February 27, 2014, 04:33:38 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.

Don't forget about there just not being any more mine-able coins in less than a week.

dominik375

newbie

Activity: 10

Merit: 0

what happens after block 5000 ? diff decrease ? or what? pos and something else ?

TheGer

hero member

Activity: 602

Merit: 500

Thanks for the reply. How do I unlock it? I searched google and the answers I found are confusing because it just talked about the Bitcoin wallet.

Zackgeno96

hero member

Activity: 1778

Merit: 520

45 gigs :OOOOOOO

Jabulon

sr. member

Activity: 266

Merit: 250

Quote from: TheGer on February 27, 2014, 04:32:51 PM

Am I missing something? Encrypting locks the wallet correct? So I need an unencrypted wallet to mint POS?

No. Locked is one thing, encrypting is another. You can unlock an ecrypted walled, it doesn't undo the encrypt.

blade87

hero member

Activity: 644

Merit: 500

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.

TheGer

hero member

Activity: 602

Merit: 500