With ~ 2 minutes per block, there are ~ 30 blocks per hour
Block reward is 50 CATS so that's 1500 CATS per hour being created.
Multiply that by 24 and you get a daily total of 36000 CATS being created. (And we wonder why prices aren't increasing... Most miners don't invest so most of these 36000 are getting resold...)
Topic: [ANN] Catcoin - Scrypt meow! - page 188. (Read 470749 times)
The network will be fine though some fat cat miners may tell you otherwise because they like how much more money they make mining CAT at the present difficulty.
What real investors in CAT need is a reduction in supply. Most miners don't really care about supply and if we're being honest, most miners don't really care about this coin so long as they have somewhere else they can make more money. CAT isn't an investment for them, it is just a cost benefit analysis. Real CAT investors should welcome higher difficulty since with higher difficulty our CATS will become more valuable. Higher difficulty dictates higher value. The difficulty on Bitcoin keeps rising astronomically though people don't balk about that and complain that the algorithm should be changed.
So in summary, higher difficulty is a very good thing.
Can the network become less stable, if miners leave after difficulty recalc? -> there is no guarantee yet the CAT new demand gets large enough to offset weak holders dumping for the next 64 days ...if the CAT price doesn't stabilize at higher level the difficulty could be a real risk. So the issue is perhaps to make the jump less dramatic.
thanks Reece for reflecting, highly appreciated!
What real investors in CAT need is a reduction in supply. Most miners don't really care about supply and if we're being honest, most miners don't really care about this coin so long as they have somewhere else they can make more money. CAT isn't an investment for them, it is just a cost benefit analysis. Real CAT investors should welcome higher difficulty since with higher difficulty our CATS will become more valuable. Higher difficulty dictates higher value. The difficulty on Bitcoin keeps rising astronomically though people don't balk about that and complain that the algorithm should be changed.
So in summary, higher difficulty is a very good thing.
We need the extra difficulty... The market is completely flooded with dumping miners. The only way for prices to go up is for supply to be restricted. Since it is seemingly impossible to convince many CAT miners of this fact, the only way to end the present onslaught is to reduce the supply of new coins entering the market.
The harder these coins are to mine, the better. Less supply means higher prices for those who own them. More price means people will find it just as profitable or moreso to mine than it is at present.
The harder these coins are to mine, the better. Less supply means higher prices for those who own them. More price means people will find it just as profitable or moreso to mine than it is at present.
Can the network become less stable, if miners leave after difficulty recalc? -> there is no guarantee yet the CAT new demand gets large enough to offset weak holders dumping for the next 64 days ...if the CAT price doesn't stabilize at higher level the difficulty could be a real risk. So the issue is perhaps to make the jump less dramatic.
thanks Reece for reflecting, highly appreciated!
You are contradicting yourself : In one hand you say that most Cat miners don't care and will jump boat if difficulty is high or rather revenue is low (much less coin with high difficulty and the price will not necessary rise and if it does it will not happen instantly which will push miners to leave) and on the other hand you say that it's good, if miners leaves the coin is as good as dead especially with 64 days for next difficulty adjustement.
Let me set things straight, if you are saying that I'm one of the big miners, then rest assured, I have less catcoins than 99% of the people here which is less 200cats, my hash rate is 300-400kh/s so no you are totally wrong
Also no one is saying the difficulty should not increase, that's not even the point here, read previous comments, all we are saying is instead of a dramatic increase that might just kill the coin and you can flush your coins to the (toillet) computer bin it's better to have a more saistainable increase x1.5 to x2 sounds reasonnable, it will give a certain amount of time to people and prices to adjust smoothly and to have the next difficulty attainable in a reasonnable amout of time aswell (if the hash rate remains as high after, it will be a matter of a couple of weeks or even less
So in summary, higher difficulty is a very good thing.
Sure, however that difficulty spike will take me out as a CPU miner. .7 cats mined so far, I might make it to one on my own.C
BTW, everybody must change signatures and add CAT-wallet. It will popularize our CATs.
Maybe make giveaway for that? I'll donate some, if it will be.
Maybe make giveaway for that? I'll donate some, if it will be.
The network will be fine though some fat cat miners may tell you otherwise because they like how much more money they make mining CAT at the present difficulty.
What real investors in CAT need is a reduction in supply. Most miners don't really care about supply and if we're being honest, most miners don't really care about this coin so long as they have somewhere else they can make more money. CAT isn't an investment for them, it is just a cost benefit analysis. Real CAT investors should welcome higher difficulty since with higher difficulty our CATS will become more valuable. Higher difficulty dictates higher value. The difficulty on Bitcoin keeps rising astronomically though people don't balk about that and complain that the algorithm should be changed.
So in summary, higher difficulty is a very good thing.
Can the network become less stable, if miners leave after difficulty recalc? -> there is no guarantee yet the CAT new demand gets large enough to offset weak holders dumping for the next 64 days ...if the CAT price doesn't stabilize at higher level the difficulty could be a real risk. So the issue is perhaps to make the jump less dramatic.
thanks Reece for reflecting, highly appreciated!
What real investors in CAT need is a reduction in supply. Most miners don't really care about supply and if we're being honest, most miners don't really care about this coin so long as they have somewhere else they can make more money. CAT isn't an investment for them, it is just a cost benefit analysis. Real CAT investors should welcome higher difficulty since with higher difficulty our CATS will become more valuable. Higher difficulty dictates higher value. The difficulty on Bitcoin keeps rising astronomically though people don't balk about that and complain that the algorithm should be changed.
So in summary, higher difficulty is a very good thing.
We need the extra difficulty... The market is completely flooded with dumping miners. The only way for prices to go up is for supply to be restricted. Since it is seemingly impossible to convince many CAT miners of this fact, the only way to end the present onslaught is to reduce the supply of new coins entering the market.
The harder these coins are to mine, the better. Less supply means higher prices for those who own them. More price means people will find it just as profitable or moreso to mine than it is at present.
The harder these coins are to mine, the better. Less supply means higher prices for those who own them. More price means people will find it just as profitable or moreso to mine than it is at present.
Can the network become less stable, if miners leave after difficulty recalc? -> there is no guarantee yet the CAT new demand gets large enough to offset weak holders dumping for the next 64 days ...if the CAT price doesn't stabilize at higher level the difficulty could be a real risk. So the issue is perhaps to make the jump less dramatic.
thanks Reece for reflecting, highly appreciated!
500 CAT COIN GIVEAWAY [NEWS = http://www.catcoinforum.com/showthread.php?tid=28&page=19 ]
GOODLUCK TOO ALL LEGIT ENTRIES. 13 SPOTS LEFT!
GOODLUCK TOO ALL LEGIT ENTRIES. 13 SPOTS LEFT!
Well, next diff 256.
It will be 25 CATs in 24 hrs with 6000 kh/s.
Price must go up, I think....
Hold your CATs, buy cheap CATs now!
AND CREATE CATCOIN WIKI SOMEONE! My english not well...
It will be 25 CATs in 24 hrs with 6000 kh/s.
Price must go up, I think....
Hold your CATs, buy cheap CATs now!
AND CREATE CATCOIN WIKI SOMEONE! My english not well...
Three questions to tech and miner CATs:
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- it's a double edged sword, a large difficulty could push miners to move to other coins, on the same time it could make the coin worth more, but again it's better to have a smoother increase
- Yes it is possible.
- I don't think it matter at much at this point, because the coin it self is still in it infancy, and the big guys didn't jump boat yet, but it might streghten the confidence of current stakeholders and might open a perspective to more.
386 blocks to go with the current hashrate of over 3Gh/s we are headed towards 400+ difficulty .... which is scary if you ask me, an increase to 100sh would be more reasonable
How much time to recalc? Who would join the effort to reduce mining? making coin "worth more" might be a very risky bet...
POOLOWNERS -> MAKES ECONOMIC SENSE TO SLOW DOWN FOR AN HOUR BEFORE RECALC?
HEDGE YOUR RISK AND MAKE THIS COIN LEGEND NOT PUMP AND DUMP!
Big pools - stop mining for a while! Or we will get great difficulty jump!
We need the extra difficulty... The market is completely flooded with dumping miners. The only way for prices to go up is for supply to be restricted. Since it is seemingly impossible to convince many CAT miners of this fact, the only way to end the present onslaught is to reduce the supply of new coins entering the market.
The harder these coins are to mine, the better. Less supply means higher prices for those who own them. More price means people will find it just as profitable or moreso to mine than it is at present.
The harder these coins are to mine, the better. Less supply means higher prices for those who own them. More price means people will find it just as profitable or moreso to mine than it is at present.
Can the network become less stable, if miners leave after difficulty recalc? -> there is no guarantee yet the CAT new demand gets large enough to offset weak holders dumping for the next 64 days ...if the CAT price doesn't stabilize at higher level the difficulty could be a real risk. So the issue is perhaps to make the jump less dramatic.
thanks Reece for reflecting, highly appreciated!
We need the extra difficulty... The market is completely flooded with dumping miners. The only way for prices to go up is for supply to be restricted. Since it is seemingly impossible to convince many CAT miners of this fact, the only way to end the present onslaught is to reduce the supply of new coins entering the market.
The harder these coins are to mine, the better. Less supply means higher prices for those who own them. Higher prices means people will find it just as profitable or moreso to mine than it is at present.
The harder these coins are to mine, the better. Less supply means higher prices for those who own them. Higher prices means people will find it just as profitable or moreso to mine than it is at present.
Three questions to tech and miner CATs:
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- it's a double edged sword, a large difficulty could push miners to move to other coins, on the same time it could make the coin worth more, but again it's better to have a smoother increase
- Yes it is possible.
- I don't think it matter at much at this point, because the coin it self is still in it infancy, and the big guys didn't jump boat yet, but it might streghten the confidence of current stakeholders and might open a perspective to more.
386 blocks to go with the current hashrate of over 3Gh/s we are headed towards 400+ difficulty .... which is scary if you ask me, an increase to 100sh would be more reasonable
Diff can only go up by maximum 4 times.
Oh yes true I forgot about the limit but that's still 256 if I'm not mistaking
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Heres a few reasons to join our pool:
- Our server are located in Romania.
- We get automated backups of our system.
- You can get automatic payments if you like to.
- We are quickly processing your transactions.
- The pool is stratum powered.
- We offer 0% fees
We accept every miner with any hash rate! Please Register Now!
Three questions to tech and miner CATs:
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- it's a double edged sword, a large difficulty could push miners to move to other coins, on the same time it could make the coin worth more, but again it's better to have a smoother increase
- Yes it is possible.
- I don't think it matter at much at this point, because the coin it self is still in it infancy, and the big guys didn't jump boat yet, but it might streghten the confidence of current stakeholders and might open a perspective to more.
386 blocks to go with the current hashrate of over 3Gh/s we are headed towards 400+ difficulty .... which is scary if you ask me, an increase to 100sh would be more reasonable
Diff can only go up by maximum 4 times.
Ready to go past 1 BTC for 1k CAT :-)
Three questions to tech and miner CATs:
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- it's a double edged sword, a large difficulty could push miners to move to other coins, on the same time it could make the coin worth more, but again it's better to have a smoother increase
- Yes it is possible.
- I don't think it matter at much at this point, because the coin it self is still in it infancy, and the big guys didn't jump boat yet, but it might streghten the confidence of current stakeholders and might open a perspective to more.
386 blocks to go with the current hashrate of over 3Gh/s we are headed towards 400+ difficulty .... which is scary if you ask me, an increase to 100sh would be more reasonable
How much time to recalc? Who would join the effort to reduce mining? making coin "worth more" might be a very risky bet...
POOLOWNERS -> MAKES ECONOMIC SENSE TO SLOW DOWN FOR AN HOUR BEFORE RECALC?
HEDGE YOUR RISK AND MAKE THIS COIN LEGEND NOT PUMP AND DUMP!
374 blocks left till recalucl, at current hash rate we are at around 1min 30s per block which amouts to a total 33660s or around 9hours and 20sh minutes this depends on the hash rate of course so this is just an estimation using current numbers
As for lowering the hashrate, I think the only way to this effictively is to do it with pools (pools provedes the highest hashrate) after 100block mark they should ask people to turn off their miners for a bit, or the Pools can do a maintenance periode of a couple of minutes.... ect (it's up to pool owners, people should think of ideas to help with this) but my fear is that I doubt that all pool owner will play the game if they agree to do to begin with (some greedy owners would want to get the traffic from those pools that are on pause and stuff like that) but again if people are responsable and wants the coin to have a long and stable life, they should turn their off their miners or forward toward another coin when we get to the last 50 blocks or so
Three questions to tech and miner CATs:
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- it's a double edged sword, a large difficulty could push miners to move to other coins, on the same time it could make the coin worth more, but again it's better to have a smoother increase
- Yes it is possible.
- I don't think it matter at much at this point, because the coin it self is still in it infancy, and the big guys didn't jump boat yet, but it might streghten the confidence of current stakeholders and might open a perspective to more.
386 blocks to go with the current hashrate of over 3Gh/s we are headed towards 400+ difficulty .... which is scary if you ask me, an increase to 100sh would be more reasonable
Diff can only go up by maximum 4 times.
Bettercoin Pools will reopen today. Faster, ddos protected, secured and better than ever. Refunds 99% processed. Miners will be notified via email. FYI
wtf!? where is normal work version of QT fro Mac OSX Mavericks? is it ok?? it not cool, it's really sad!
Do it guys, or you're fags!
Do it guys, or you're fags!
Your slaves are here to serve you sir! you need to give them some more punishement these dirty fags aren't make you the Mavericks wallet fast enough!
Seriously! if you want to ask for something, ask politely or leave, no want want's to deal with a disrepectful prick.
+1
wow that is just rude manners cost nothing all you had to say was please could you fix this thank you..... hmmmmmm
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PPLNS, 0% FEE ... YES!!! realy, 0% FEE! automatic payments & quick confirmations...
- Our pool have no fees!
- Our server are located in Germany.
- We get automated backups of our system.
- You can get automatic payments if you like to.
- We are quickly processing your transactions.
- The pool is stratum powered.
We need everyone miners with any hashes! We need you! Register now!
SCAM! Don't fall for this. Minimum automatic payout is 50 CAT and manual cash-out fee is 1 CAT. WTF?!
Is this the first cat to reach mars?
Three questions to tech and miner CATs:
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- do you believe that large difficulty jump could hurt the CATcoin prospects?
- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?
- would trust in CATcoin strengthen from the coordinated action of the stakeholders?
....
CATs network action has to be smart if you want to get to Mars!
- it's a double edged sword, a large difficulty could push miners to move to other coins, on the same time it could make the coin worth more, but again it's better to have a smoother increase
- Yes it is possible.
- I don't think it matter at much at this point, because the coin it self is still in it infancy, and the big guys didn't jump boat yet, but it might streghten the confidence of current stakeholders and might open a perspective to more.
386 blocks to go with the current hashrate of over 3Gh/s we are headed towards 400+ difficulty .... which is scary if you ask me, an increase to 100sh would be more reasonable
How much time to recalc? Who would join the effort to reduce mining? making coin "worth more" might be a very risky bet...
POOLOWNERS -> MAKES ECONOMIC SENSE TO SLOW DOWN FOR AN HOUR BEFORE RECALC?
HEDGE YOUR RISK AND MAKE THIS COIN LEGEND NOT PUMP AND DUMP!
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