[ANN] Catcoin - Scrypt meow! - page 160.

Nullu

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Quote from: Mikellev on January 01, 2014, 02:13:08 PM

Yes, but why shall we pool operators risk our own coins or even worst, the coins of other miners if we offer 40 confirmations only ?

Quote from: Nullu on January 01, 2014, 02:11:22 PM

Aren't the high level of confirmations built into the coin designed to protect it? What about when the hashrate goes through the roof?

I suppose you have to weigh the risk vs the net return you get from fees. If you take a fee. If miners keep leaving because of the high confirm time then you may end up worse off. There has to be a sweet spot that encourages more miners to your pool without risking too much reserve.

Mikellev

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Yes, but why shall we pool operators risk our own coins or even worst, the coins of other miners if we offer 40 confirmations only ?

Quote from: Nullu on January 01, 2014, 02:11:22 PM

Aren't the high level of confirmations built into the coin designed to protect it? What about when the hashrate goes through the roof?

Nullu

hero member

Activity: 532

Merit: 500

Quote from: Mikellev on January 01, 2014, 02:09:29 PM

How can we pool operators change the min. confirmation withour risking our own coins ?
Change it in the source of the coin, then its perfect. 120 confirmations is to much.

Quote from: zerodrama on January 01, 2014, 02:05:43 PM

Quote from: ZBBBB on January 01, 2014, 01:55:30 PM

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

The only thing people want is to get their coins.

As long as pools lower the minimum confirms, they will return.

The Bitcoin parameters (50 per block, 2 week retarget, 21 Million limit) must stay. Bitcoin has too many passive developers and users who are not innovating or are building bunkers for Armageddon. This is holding back real opportunities.

CATs are Bitcoins for innovators (users and developers).

Aren't the high level of confirmations built into the coin designed to protect it? What about when the hashrate goes through the roof?

Mikellev

sr. member

Activity: 308

Merit: 250

How can we pool operators change the min. confirmation withour risking our own coins ?
Change it in the source of the coin, then its perfect. 120 confirmations is to much.

Quote from: zerodrama on January 01, 2014, 02:05:43 PM

Quote from: ZBBBB on January 01, 2014, 01:55:30 PM

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

The only thing people want is to get their coins.

As long as pools lower the minimum confirms, they will return.

The Bitcoin parameters (50 per block, 2 week retarget, 21 Million limit) must stay. Bitcoin has too many passive developers and users who are not innovating or are building bunkers for Armageddon. This is holding back real opportunities.

CATs are Bitcoins for innovators (users and developers).

zerodrama

sr. member

Activity: 364

Merit: 250

Quote from: ZBBBB on January 01, 2014, 01:55:30 PM

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

The only thing people want is to get their coins.

As long as pools lower the minimum confirms, they will return.

The Bitcoin parameters (50 per block, 2 week retarget, 21 Million limit) must stay. Bitcoin has too many passive developers and users who are not innovating or are building bunkers for Armageddon. This is holding back real opportunities.

CATs are Bitcoins for innovators (users and developers).

CatCoinForums

member

Activity: 98

Merit: 10

The miners are only leaving due to the profitability per day calculator + the coin is new.. Just give it time, when articles/news starts to kick in expect things to change..

I know its a whole different parameter to litecoin, but look at them.. there at 3,100 difficultly and look at there nethash rate and how many coins per day some people are making..

All catcoin needs is promotion.. no need to change nothing the coin its self is perfect.

This is just my 2cents of course.

itsallpc

full member

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But we need to do something its 6 or 7 hours to confirm a deposit in cryptsy ..... hmmmm

Nullu

hero member

Activity: 532

Merit: 500

Quote from: ZBBBB on January 01, 2014, 01:55:30 PM

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

I don't think so. I think what's happening is the early miners who have a lot of coins have a lot of control over the market price, but as the coins change hands they'll have less and less of a stake. Once the difficulty is recalculated the coin will surge in price again, the initial early miners who are manipulating the price will have less of a hold, and eventually the market will become fairer and be allowed to grow.

In theory.

ZBBBB

full member

Activity: 252

Merit: 100

Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.

CatCoinForums

member

Activity: 98

Merit: 10

Quote from: Nullu on January 01, 2014, 01:48:40 PM

Reminds me of that guy a few days ago who posted the pic of the car he bought after investing into Doge.

I'd much rather a house. Cheesy

If only they go to the price of litecoin..

Maybe when the scrypt asic miner is released (if its possible of course) expect the price of catcoin to follow bitcoins footsteps.

I'll be buying more than a house. Invest now ladies before you miss the boat.

Oh and thank you for everyone panic selling, makes me laugh when they think its the end of a coin when it drops in price.. its only been out a few days.

Nullu

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Activity: 532

Merit: 500