Topic: [ANN] Catcoin - Scrypt meow! - page 70. (Read 470739 times)
3 blocks to go until retarget.
with the current difficulty it's isn't really easy to get another chain-fork.
coinium it is then... +10 mh/s admin lower them fees and confirmations.
http://www.youtube.com/watch?v=qj21q1mYmxw
if this doesn't convince people to buy/mine cat what will ?
http://www.youtube.com/watch?v=qj21q1mYmxw
if this doesn't convince people to buy/mine cat what will ?
This CAT Giveaway site has been giving away 1 CAT an hour for a couple days now. It has given out about 50 CAT.
http://69.90.132.234/game.php?coin=CAT
Unfortunately, this will be the last giveaway round unless one of you fat-cats donates to keep it running.
Thanks in advance, address is at the bottom of the page..
http://69.90.132.234/game.php?coin=CAT
Unfortunately, this will be the last giveaway round unless one of you fat-cats donates to keep it running.
Thanks in advance, address is at the bottom of the page..
3.4 Catcoin incoming. Everything I had in my pool account from mining during the fork.
The CAT community thanks you! Game on!
Logically, if enough people put in coins, it should create a good level of coin distribution, provided new Catcoiners are joining in.
If the site is still operating when I get done with my errands I will throw 20 at it! I have been trying to win!
A P2Pool node would probably be the best choice: http://p2pool.name:9333 http://solidpool.org:9333 http://cat.e-pool.net:9993 and a US node was started very recently (I don't remember the link but you can search this thread for it). Edit: the US node is http://p2pool-us.gotgeeks.com:9333
This CAT Giveaway site has been giving away 1 CAT an hour for a couple days now. It has given out about 50 CAT.
http://69.90.132.234/game.php?coin=CAT
Unfortunately, this will be the last giveaway round unless one of you fat-cats donates to keep it running.
Thanks in advance, address is at the bottom of the page..
http://69.90.132.234/game.php?coin=CAT
Unfortunately, this will be the last giveaway round unless one of you fat-cats donates to keep it running.
Thanks in advance, address is at the bottom of the page..
3.4 Catcoin incoming. Everything I had in my pool account from mining during the fork.
The CAT community thanks you! Game on!
This CAT Giveaway site has been giving away 1 CAT an hour for a couple days now. It has given out about 50 CAT.
http://69.90.132.234/game.php?coin=CAT
Unfortunately, this will be the last giveaway round unless one of you fat-cats donates to keep it running.
Thanks in advance, address is at the bottom of the page..
http://69.90.132.234/game.php?coin=CAT
Unfortunately, this will be the last giveaway round unless one of you fat-cats donates to keep it running.
Thanks in advance, address is at the bottom of the page..
3.4 Catcoin incoming. Everything I had in my pool account from mining during the fork.
This CAT Giveaway site has been giving away 1 CAT an hour for a couple days now. It has given out about 50 CAT.
http://69.90.132.234/game.php?coin=CAT
Unfortunately, this will be the last giveaway round unless one of you fat-cats donates to keep it running.
Thanks in advance, address is at the bottom of the page..
http://69.90.132.234/game.php?coin=CAT
Unfortunately, this will be the last giveaway round unless one of you fat-cats donates to keep it running.
Thanks in advance, address is at the bottom of the page..
so where do I point my hashes at ?
how long i have to keep on spamming these stupid useless messages to get rid of my junior member status?
im so fucked up to this forum
im so fucked up to this forum
Son you'll remain Junior for ever!
If you are active enough, it should be gone in no time
https://bitcointalksearch.org/topic/exchange-create-app-to-help-exchange-new-altcoin-newchgcom-400513
You want to buy it, you want to sell it. Get your Catcoin requests in, everyone.
He just wants coins that are not traded on major exchanges, Cat is not suitable. Greetings vondi1122You want to buy it, you want to sell it. Get your Catcoin requests in, everyone.
And by the way can we maybe end discussions about price and trading in this thread? I don't want to behave like this is my thread but talking about price really ruins this thread. Thanks
Very well. Mum's the word.
https://bitcointalksearch.org/topic/exchange-create-app-to-help-exchange-new-altcoin-newchgcom-400513
You want to buy it, you want to sell it. Get your Catcoin requests in, everyone.
He just wants coins that are not traded on major exchanges, Cat is not suitable. Greetings vondi1122You want to buy it, you want to sell it. Get your Catcoin requests in, everyone.
And by the way can we maybe end discussions about price and trading in this thread? I don't want to behave like this is my thread but talking about price really ruins this thread. Thanks
https://bitcointalksearch.org/topic/exchange-create-app-to-help-exchange-new-altcoin-newchgcom-400513
You want to buy it, you want to sell it. Get your Catcoin requests in, everyone.
You want to buy it, you want to sell it. Get your Catcoin requests in, everyone.
Such generation and inflation is only possible with influx of enormous amounts of hash, so this is not an end-game scenario, just how things play out before stabilizing. The coin will reach a STABLE point where adding 10x hashpower on a whim is not profitable, and this generation would not be feasible.
Also, for every period where there is fast generation, there would be a slow period - just not as noticeable as with a regular difficulty adjustment. Think of it as friction on the difficulty, that tends to return everything to a stable midpoint.
Also, for every period where there is fast generation, there would be a slow period - just not as noticeable as with a regular difficulty adjustment. Think of it as friction on the difficulty, that tends to return everything to a stable midpoint.
Influx of enormous amounts of hash is precisely what coin switching pools bring about - and not only the pools, but individual miners who monitor profitability sites and switch mining from coin to coin to "maximize profits."
There is no "averaging out" that goes on that makes long-term miners whole. The periods of fast generation last far less long than periods of slow generation, so what happens is that during periods of fast generation, lots of hashing power temporarily shows up, takes most of the Catcoins that are generated and dumps it on the market, while the loyal Catcoin miners only get a few of the coins during this period (which may last only a few hours), then the difficulty gets adjusted way upwards, all the temporary massive hashing power goes away, and the loyal Catcoin miner has to mine unprofitably for many days, only to have the cycle repeat. This is a recipe for losing loyal hashers, by giving economic signals that they are not welcome.
Our goal should be put as many Catcoins as possible in the hands of people who leave their rigs pointed to Catcoin through both easy and hard difficulty eras; and systematically keep opportunistic hashers out by eliminating the incentives that are attraction them right now. We should not be rewarding behavior that harms the coin.
Big orders coming through, CAT going up!!
I saw that! So happy after I made a fat fingered trade this morning
Coming out of it unscathed hopefully after some minor stress haha
Big orders coming through, CAT going up!!
You do realise that this is +EV for the customer...so you will bankrupt yourself (in cat terms) eventually?
I described in more detail above, but to answer your specific question, the number of coins generated would depend on how much extra hash was turned on the network. If the hash goes up 10x, the block time will drop to 1 minute. After 640 blocks the difficulty would go up 40%, and after 1000 blocks (50,000 coins) the difficulty would double. After 2016 blocks (104,800 coins) the difficulty would stop rising at 10x and you would be back to 10-minutes between blocks.
The key is that the 40% rise in difficulty (after only about 32,000 coins even with a 10x hash increase) will drive off miners who are only in for the profits, unless the value of the coin rises as well. Since more coins being generated quickly would lower the price (as you noted), those miners will leave very quickly as the difficulty rises. These trends will work together to keep profitability and value BOTH stable.
The key is that the 40% rise in difficulty (after only about 32,000 coins even with a 10x hash increase) will drive off miners who are only in for the profits, unless the value of the coin rises as well. Since more coins being generated quickly would lower the price (as you noted), those miners will leave very quickly as the difficulty rises. These trends will work together to keep profitability and value BOTH stable.
I think intentionally generating tens of thousands of extra Catcoins ahead of schedule and causing it to be dumped in the exchanges, as a means to control desirability of mining the coin, is inflationary and suppresses the value of the coin in a way that is not necessary. If we know that instability comes from miners who pile onto the coin during easy difficulty times, then leave when difficulty goes up - then the best solution to the problem should specifically address why people would choose to engage in this conduct. I submit people engage in this conduct because they are doing what is necessary to "maximize profits." If we change the reward structure so this conduct does not produce more profit (and I submit limiting rewards when this conduct is detected is more elegant than suppressing the value of the coin itself by inflation), I would submit the behavior would stop. Or if you believe something is contributing to erratic difficulty levels other than miners jumping in and out to try to maximize profit, then a more general solution may be necessary. But I have not seen anyone suggest yet that there is any other cause for this instability.
Etblvu1
Such generation and inflation is only possible with influx of enormous amounts of hash, so this is not an end-game scenario, just how things play out before stabilizing. The coin will reach a STABLE point where adding 10x hashpower on a whim is not profitable, and this generation would not be feasible.
Also, for every period where there is fast generation, there would be a slow period - just not as noticeable as with a regular difficulty adjustment. Think of it as friction on the difficulty, that tends to return everything to a stable midpoint.
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