@all
Two short remarks at the end of the week.
re: freedom of expression
For certain, if you start with a new cryptocoin it is to be expected to meet with scepticism, doubt and all kind of remarks that form a mixture of rumours and half-truths. We have our own infamous and unofficial LEOcoin troll making extra hours, up to the extend that one might ask on whose pay-roll he could be. But that aside. It is good to have a forum where we can speak our mind, after all cryptocurrency has to do with benefits and improvement, e.g. like decentralization, development of payment solution that offer benefits to its users, because transactions are e.g. faster, cheaper or more private. LEOcoin just aspires to be one of those coins that will help to change - and hopefully also improve - the world of financial transactions, for both entrepreneurs and consumers alike.
As such, the LEOcoin Foundation started this thread to inform. We do not have to justify for behaviour of third parties, nor for how a cryptocurrency exchange works. As previously written, we are now gathering information that we can share with the readers of this forum; so it will be better understood where LEOcoin is all about. I accept critical remarks, and I think we should be critical, but also fair, so anyone can make a sound decision to participate in the LEOcoin project, or not.
Re: price of LEOcoin
Wishing a price or proposing a price for LEOcoin is tricky. What I have found to be a good indication in the past is the cost of mining a LEOcoin with a classical mining RIG.
Let’s look at a simple machine: AMD core, 8Gbyte of DDR3 memory, SSD, 5 Radeon GPU (R290x), two Enermax 1200W power supply etc.; that will cost us around £2000. Say we want to earn this back in two years and look at energy costs per watt that we need to mine LEOcoin. Before the recent nFactor-update we calculated that any price below 1,25£ would not cover your costs, unless you are using older hardware or very cheap energy. So, is LEOcoin with it’s current price of around 12 pence undervalued? You can answer that yourself.
What however counts, is not simply a calculation, but also the potential of LEOcoin and even more important the expectations that the owners of LEOcoins have. Those who have been mining from the start will have paid much less as with lower nfactors you will have gotten more LEOcoins for your hashes, but likely even for them the current prices are not encouraging, yet regarding the number of LEOcoins that have been traded on the LEOxChange, it would be strange to speak about dumping, as the majority of the LEOcoins are simply held and not sold. For me this shows, that there may indeed be a good and solid support for the LEOcoin and the next few months will have to show if that is justified or not.
(and please give me some time, so I can go into some of your questions in more detail and provide you with proper answers)
so you are calling leocoin MLM third party? the leocoin foundation and founders dan anderson and katif kamran have nothing to do with it?Let’s look at a simple machine: AMD core, 8Gbyte of DDR3 memory, SSD, 5 Radeon GPU (R290x), two Enermax 1200W power supply etc.; that will cost us around £2000. Say we want to earn this back in two years and look at energy costs per watt that we need to mine LEOcoin. Before the recent nFactor-update we calculated that any price below 1,25£ would not cover your costs, unless you are using older hardware or very cheap energy. So, is LEOcoin with it’s current price of around 12 pence undervalued? You can answer that yourself.
OR people could just buy the coin....BUT where is the innovation?roadmaps?developments?....NONE! haha
WORST INVESTMENT EVER!!
PS this is free not paid information I'm sharing...or trolling as you call it
