I am not estimating anything regarding my message, I am just saying the reality of what will happen.
On 9th of February, 4:33pm GMT, QQcoin n-factor will change from 9 to 10. This means that N will become 2048 and the memory will be 256 Kb (from 128 Kb). Your fast videocards will be lowering their speed by a lot .. but also all network speed will decrease. It doesn't mean that you will necessarily get lesser coins with mining at lower speed, but CPU's will become more efficient as they have more RAM and they will still be able to do high intensity. Depending on CPU/GPU ratio on the network, the guys with many CPU's will see an increase in revenue as the balance will tilt slowly at each N-factor change, in their favor. You might want to jump on mining with your CPU's also as it might be more profitable than other coins .. but unfortunately, your GPU's will certainly become less profitable compared to CPU's at what was happening at N-factor of 9.
Think about the new N-factor change that will come
on 21th of February, it will be N-factor 11 and the memory needed will be 512 Kb
I will tell you that at N-factor of 11 by my calculations a Radeon HD 7950 will output only 120 Kh/sec in scrypt-jane. At N-factor of 12, same card will output 45 Kh/sec only.
N-factor 12 is on March 30 5:38am GMT.Good luck everyone .. scrypt-jane is the future, it is ASIC proof, I foresee that they will become the next generation of mining so investment in these types of coins has better future than other coins, but not for the short term.
I expect that chinese people that will figure out these things will heavily invest in these coins and slowly it will increase in value, maybe 10 times.
That is why I'm happy it is cheap as of now, and as I get more BTC from my big farm, I put all of it in QQcoin.
Very good observation and this is why we invested in the current Scrypt Jane.
A few quick questions answered regarding security with people wondering about quick blocks times etc. The answer...
QQCoin is a POS coin resistant to a 51% attack. An attacker would need 51% of coins and hash.
The short block times are offset by the 50 confirmations on mined blocks. We have the ability to checkpoint in the future if need be but the chain has been solid without issue since launch.
New client has been pushed to github
https://github.com/qqcoin/qqcoinThis includes new logo, wallet on logo, updated checkpoints, cpu mining checkbox(see point above) and various other fixes. Those who want to can download and compile off github.
I will release the client shortly.
I am also giving the website a massive update so once its finished please let me know any issues. The Chinese website is done but now needs to be updated to current info.
I am looking for some community made and funded promotional videos, so if you think you can, please let it be known and contribute.
We have some new services to come online in the near future.