The >51% situation is the same for many alts (think of "rare" MM coins like DVC or IXC and BitParking, they also have >90%).
Of course it's suboptimal, but it doesn't make the coin worthless. It merely means that miners have decided to trust a single entity to pool their efforts. Nothing more, and, granted, nothing less: trusting a central entity is not the aim of crypto coins IMO, at least not the original Bitcoin.
Miners could, theoretically, at any time, move away from CoinMine.pl and solo mine and/or switch pools, if they no longer trust them, or if they are no longer pleased by their policy.
Topic: [ANN] [QRK] Quark | Core 0.10 upgrade - page 273. (Read 1031025 times)
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
What you say could only be true if he never paid out to the pool members. He has paid so he has very few coins.
Except he pays out to each pool member. You can see that in the transaction history.
I think you didn't understand what i meant he holds them ALL:
He has currently control of ALL Quarkcoins available, yours, mine, everyones, he could i think create arbitary transactions, generate coins at his will. (I'm not sure about the last part)
He has a high reputation so of course he will not do that, but this is not healthy for a coin. It's a permanent 51% "attack".
Want to get rich? Make a Quark exchange that works properly! It's volume will make you rich.
+9000Already working on one myself.
me too ...
that's what I like about the quark community, everyone is busy doing things.
Want to get rich? Make a Quark exchange that works properly! It's volume will make you rich.
+9000Already working on one myself.
Want to get rich? Make a Quark exchange that works properly! It's volume will make you rich.
Except he pays out to each pool member. You can see that in the transaction history.
---snip---
EDIT:
Just looked at the generation TX of last 100 Blocks:
From 86 of them the destination address was the same, which i assume is the pools address.
This means, although this is only a very rough estimations:
86% of the networks hashing power lies by this pool, and here we are: housten, we have a very big problem...
EDIT2:
Looking at the stats prooves this: http://www.coinmine.pl/qrk/index.php?page=statistics&action=blocks
Block Overview
Gen Est. Found Valid Orphan Avg Diff Shares Est. Shares Percentage Amount Rate Est.
All Time 308,642 176345 175056 1289 1,101.2280 48194144 67308505 139.66% 25459277.001874 57.14%
Last Hour 120 105 105 0 5,510.0801 144640 199012 137.59% 1680.0195 87.50%
Last 24 Hours 2880 2577 2576 1 5,958.9464 3837562 4721686 123.04% 41220.21616 89.48%
Last 7 Days 20160 17745 17743 2 4,733.0264 20994522 19637075 93.53% 283927.71958001 88.02%
Last 4 Weeks 80640 65543 65520 23 2,493.8772 40849708 44652365 109.31% 1643143.30782 81.28%
Last 12 Month 967680 176345 175056 1289 1,101.2280 48194144 67308505 139.66% 25459277.001874 18.22%
EDIT3:
And just to be clear:
i personally have no reason to distrust the pool operator, but thats a thing that needs to be fixed ASAP or bter38 will never come, and maybe otehr trading platforms will suspend Quark wich would definatly be a pity.
talk to Feeleep he is a member here and runs the pools.
Will do, and as said to my knowledge there is no reason to distrust him.
Funny thing is now: all that talking about some few people hold what 60% or so of the coins is now obsolete, since Feeleep holds them currently ALL.
Tom Cruise supports Quark!
Some scientists started to looking for pure Quarks in cosmic radiations.
Is not simpler to buy Quarks at some of the exchanges?
I just doubled down on Quark. These prices are AMAZING!
Why there isn't a competent Quark exchange boggles the human mind.
If you are a developer, and have the free time to code PLEASE MESSAGE ME.
Why there isn't a competent Quark exchange boggles the human mind.
If you are a developer, and have the free time to code PLEASE MESSAGE ME.
TRANSLATION: I'm desperately trying to escape my Quarkcoin investment, all it does is lose!
Could someone please prove my following maths wrong:
hash_rate = (blocks_found/expected_blocks*difficulty * 2^24 / 30)
I looked at the block window from block 456520 onwards (approx 2013-12-14 20:10:18 GMT)
Lets look at a 5 minute window, which should get us 10 blocks.
Depending if we start this window at 20:10:00 or 20:10:18 we get 10 or 11 blocks "solved" in that time, so lets take the middle and take a factor of 1.05
So we have:
hash_rate = 1.05 * 6411.26760900 * 16777216 / 30
hash_rate =~ 3764712752 =~ 3,76 GH/s
So we have approximatly a network hashrate of 3,67 GHashes per second.
http://qrk.coinmine.pl/ showed at that time an approximate pool hashrate of 3,8 GH/s.
So either my maths are totaly wrong, the pools hahsrate display is totaly wrong, or houston, we have a very big problem...
hash_rate = (blocks_found/expected_blocks*difficulty * 2^24 / 30)
I looked at the block window from block 456520 onwards (approx 2013-12-14 20:10:18 GMT)
Lets look at a 5 minute window, which should get us 10 blocks.
Depending if we start this window at 20:10:00 or 20:10:18 we get 10 or 11 blocks "solved" in that time, so lets take the middle and take a factor of 1.05
So we have:
hash_rate = 1.05 * 6411.26760900 * 16777216 / 30
hash_rate =~ 3764712752 =~ 3,76 GH/s
So we have approximatly a network hashrate of 3,67 GHashes per second.
http://qrk.coinmine.pl/ showed at that time an approximate pool hashrate of 3,8 GH/s.
So either my maths are totaly wrong, the pools hahsrate display is totaly wrong, or houston, we have a very big problem...
pools hashrates are notorious for being wrong.
So what du you think the real hashrate of that pool is?
3 GHash, 2,5 GHash?
EDIT:
Just looked at the generation TX of last 100 Blocks:
From 86 of them the destination address was the same, which i assume is the pools address.
This means, although this is only a very rough estimations:
86% of the networks hashing power lies by this pool, and here we are: housten, we have a very big problem...
EDIT2:
Looking at the stats prooves this: http://www.coinmine.pl/qrk/index.php?page=statistics&action=blocks
Block Overview
Gen Est. Found Valid Orphan Avg Diff Shares Est. Shares Percentage Amount Rate Est.
All Time 308,642 176345 175056 1289 1,101.2280 48194144 67308505 139.66% 25459277.001874 57.14%
Last Hour 120 105 105 0 5,510.0801 144640 199012 137.59% 1680.0195 87.50%
Last 24 Hours 2880 2577 2576 1 5,958.9464 3837562 4721686 123.04% 41220.21616 89.48%
Last 7 Days 20160 17745 17743 2 4,733.0264 20994522 19637075 93.53% 283927.71958001 88.02%
Last 4 Weeks 80640 65543 65520 23 2,493.8772 40849708 44652365 109.31% 1643143.30782 81.28%
Last 12 Month 967680 176345 175056 1289 1,101.2280 48194144 67308505 139.66% 25459277.001874 18.22%
EDIT3:
And just to be clear:
i personally have no reason to distrust the pool operator, but thats a thing that needs to be fixed ASAP or bter38 will never come, and maybe otehr trading platforms will suspend Quark wich would definatly be a pity.
talk to Feeleep he is a member here and runs the pools.
Could someone please prove my following maths wrong:
hash_rate = (blocks_found/expected_blocks*difficulty * 2^24 / 30)
I looked at the block window from block 456520 onwards (approx 2013-12-14 20:10:18 GMT)
Lets look at a 5 minute window, which should get us 10 blocks.
Depending if we start this window at 20:10:00 or 20:10:18 we get 10 or 11 blocks "solved" in that time, so lets take the middle and take a factor of 1.05
So we have:
hash_rate = 1.05 * 6411.26760900 * 16777216 / 30
hash_rate =~ 3764712752 =~ 3,76 GH/s
So we have approximatly a network hashrate of 3,67 GHashes per second.
http://qrk.coinmine.pl/ showed at that time an approximate pool hashrate of 3,8 GH/s.
So either my maths are totaly wrong, the pools hahsrate display is totaly wrong, or houston, we have a very big problem...
hash_rate = (blocks_found/expected_blocks*difficulty * 2^24 / 30)
I looked at the block window from block 456520 onwards (approx 2013-12-14 20:10:18 GMT)
Lets look at a 5 minute window, which should get us 10 blocks.
Depending if we start this window at 20:10:00 or 20:10:18 we get 10 or 11 blocks "solved" in that time, so lets take the middle and take a factor of 1.05
So we have:
hash_rate = 1.05 * 6411.26760900 * 16777216 / 30
hash_rate =~ 3764712752 =~ 3,76 GH/s
So we have approximatly a network hashrate of 3,67 GHashes per second.
http://qrk.coinmine.pl/ showed at that time an approximate pool hashrate of 3,8 GH/s.
So either my maths are totaly wrong, the pools hahsrate display is totaly wrong, or houston, we have a very big problem...
pools hashrates are notorious for being wrong.
So what du you think the real hashrate of that pool is?
3 GHash, 2,5 GHash?
EDIT:
Just looked at the generation TX of last 100 Blocks:
From 86 of them the destination address was the same, which i assume is the pools address.
This means, although this is only a very rough estimations:
86% of the networks hashing power lies by this pool, and here we are: housten, we have a very big problem...
EDIT2:
Looking at the stats prooves this: http://www.coinmine.pl/qrk/index.php?page=statistics&action=blocks
Block Overview
Gen Est. Found Valid Orphan Avg Diff Shares Est. Shares Percentage Amount Rate Est.
All Time 308,642 176345 175056 1289 1,101.2280 48194144 67308505 139.66% 25459277.001874 57.14%
Last Hour 120 105 105 0 5,510.0801 144640 199012 137.59% 1680.0195 87.50%
Last 24 Hours 2880 2577 2576 1 5,958.9464 3837562 4721686 123.04% 41220.21616 89.48%
Last 7 Days 20160 17745 17743 2 4,733.0264 20994522 19637075 93.53% 283927.71958001 88.02%
Last 4 Weeks 80640 65543 65520 23 2,493.8772 40849708 44652365 109.31% 1643143.30782 81.28%
Last 12 Month 967680 176345 175056 1289 1,101.2280 48194144 67308505 139.66% 25459277.001874 18.22%
EDIT3:
And just to be clear:
I personally have no reason to distrust the pool operator, but thats a thing that needs to be fixed ASAP or btc38 will never come, and maybe other trading platforms will suspend Quark, which would definatly be a pity.
Could someone please prove my following maths wrong:
hash_rate = (blocks_found/expected_blocks*difficulty * 2^24 / 30)
I looked at the block window from block 456520 onwards (approx 2013-12-14 20:10:18 GMT)
Lets look at a 5 minute window, which should get us 10 blocks.
Depending if we start this window at 20:10:00 or 20:10:18 we get 10 or 11 blocks "solved" in that time, so lets take the middle and take a factor of 1.05
So we have:
hash_rate = 1.05 * 6411.26760900 * 16777216 / 30
hash_rate =~ 3764712752 =~ 3,76 GH/s
So we have approximatly a network hashrate of 3,67 GHashes per second.
http://qrk.coinmine.pl/ showed at that time an approximate pool hashrate of 3,8 GH/s.
So either my maths are totaly wrong, the pools hahsrate display is totaly wrong, or houston, we have a very big problem...
hash_rate = (blocks_found/expected_blocks*difficulty * 2^24 / 30)
I looked at the block window from block 456520 onwards (approx 2013-12-14 20:10:18 GMT)
Lets look at a 5 minute window, which should get us 10 blocks.
Depending if we start this window at 20:10:00 or 20:10:18 we get 10 or 11 blocks "solved" in that time, so lets take the middle and take a factor of 1.05
So we have:
hash_rate = 1.05 * 6411.26760900 * 16777216 / 30
hash_rate =~ 3764712752 =~ 3,76 GH/s
So we have approximatly a network hashrate of 3,67 GHashes per second.
http://qrk.coinmine.pl/ showed at that time an approximate pool hashrate of 3,8 GH/s.
So either my maths are totaly wrong, the pools hahsrate display is totaly wrong, or houston, we have a very big problem...
pools hashrates are notorious for being wrong.
If people want to increase their wealth after investments like this, he one thing they must be able to do is whether the downswings.
Buy to stay in and hold tight. Eventually it must increase again. It may take some time, but it will go up, and likely past $1.00.
It's a solid crypto as any out there, and lighting fast and secure, too.
It's also likely there are adopters out there who are sitting fat still, on coins, and we have to wait for them to dispose of most of them first, and then the second and third waves of buyers who buy in, like we all did, will have to sell for more than we bought in for, to make a profit and that's usually when you start to see sales slow down and the bids will increase.
Buy to stay in and hold tight. Eventually it must increase again. It may take some time, but it will go up, and likely past $1.00.
It's a solid crypto as any out there, and lighting fast and secure, too.
It's also likely there are adopters out there who are sitting fat still, on coins, and we have to wait for them to dispose of most of them first, and then the second and third waves of buyers who buy in, like we all did, will have to sell for more than we bought in for, to make a profit and that's usually when you start to see sales slow down and the bids will increase.
Could someone please prove my following maths wrong:
hash_rate = (blocks_found/expected_blocks*difficulty * 2^24 / 30)
I looked at the block window from block 456520 onwards (approx 2013-12-14 20:10:18 GMT)
Lets look at a 5 minute window, which should get us 10 blocks.
Depending if we start this window at 20:10:00 or 20:10:18 we get 10 or 11 blocks "solved" in that time, so lets take the middle and take a factor of 1.05
So we have:
hash_rate = 1.05 * 6411.26760900 * 16777216 / 30
hash_rate =~ 3764712752 =~ 3,76 GH/s
So we have approximatly a network hashrate of 3,67 GHashes per second.
http://qrk.coinmine.pl/ showed at that time an approximate pool hashrate of 3,8 GH/s.
So either my maths are totaly wrong, the pools hahsrate display is totaly wrong, or houston, we have a very big problem...
hash_rate = (blocks_found/expected_blocks*difficulty * 2^24 / 30)
I looked at the block window from block 456520 onwards (approx 2013-12-14 20:10:18 GMT)
Lets look at a 5 minute window, which should get us 10 blocks.
Depending if we start this window at 20:10:00 or 20:10:18 we get 10 or 11 blocks "solved" in that time, so lets take the middle and take a factor of 1.05
So we have:
hash_rate = 1.05 * 6411.26760900 * 16777216 / 30
hash_rate =~ 3764712752 =~ 3,76 GH/s
So we have approximatly a network hashrate of 3,67 GHashes per second.
http://qrk.coinmine.pl/ showed at that time an approximate pool hashrate of 3,8 GH/s.
So either my maths are totaly wrong, the pools hahsrate display is totaly wrong, or houston, we have a very big problem...
I bought 8k qrk @0.0002890. %25 loss now.. But I believe quark will increase 3x-5x.
I've done the same thing, I'm like 1 for 7 in trades recently. We're late to the Party but at least we're here right? It's just getting started!
You know some people complain that Quark is owned by too few people but there's a guy named rPietila that claims to have so many coins he can affect markets. He even has his own thread as well as followers and detractors. Yet no one has stated that he owns too many and it's bad for the BitCoin market. No, rather they just doubt he even HAS that many.
Uh, wat?
It seems to me the only "joke" coin is DogeCoin, and it was MADE to be a joke! Yet if it takes off and is successful well good for them, more power to them!
Quark crashes 2/3 then recovers 1/3: Proof it's a Scam Coin!
BitCoin crashes 1/2 then recovers 1/4: Proof it's Here to Stay!
Uh, wat?
BitCoin crashes 1/2 then recovers 1/4: Proof it's Here to Stay!
Uh, wat?
^^ Same here. I never would think i would buy another alt. I was only focussed on BTC and LTC, but something in Quark has attracted me and the fact some people do their utterly best like they get paid to hinder Quark makes me even believe more in this coin.
The attention Quarkcoin is receiving is really baffling to me. I mean even if one is invested strongly in an alternativ currency, why would one feel threatened by Quark? I kind of envision crypto currencies as units that are complementing each other.
Yet many people take immense measures to discourage others from Quarkcoin and I have to say this single fact is the one reason that brought me to investing in this currency. If people with obvious hidden agendas invest a substantial amount of time into criticising something then there simply has to be something valuable about this object of their hate.
My intuition tells me that, if you dislike something and instead of simple ignoring it and moving on, you spend a lot of time and energy in criticising it then you are for some reason attached to it.
Obviously many forum or reddit members want to divert money flow and attention from Quark to the currency they are invested in. Others may simply want to suppress the price even further to buy a large amount at a specific price. And lastly there may also be people who quite frankly have some psychological attachment to Quark - feelings of remorse, anger because they sold too low, and so forth...
It's just a basic observation. Whenever something develops quickly then there is also very swiftly a wall of defense against it established. I view this as a systems natural protection process. And we all are nothing but small parts of a larger system. The determining factor is just magnification. Whether you observe a single cell as a system with inherent processes or a human or the world financial market with all it's participants... there are always they same underlying recurring principles. It just has to suck if you find yourself in the position of playing the role of the "defense" against an otherwise positiv development
Whichever way you put, all these factors make Quark stand out immensely from comparable options and I believe there will be quite a substantial growth in the future (don't quote me on that one though
)
Yet many people take immense measures to discourage others from Quarkcoin and I have to say this single fact is the one reason that brought me to investing in this currency. If people with obvious hidden agendas invest a substantial amount of time into criticising something then there simply has to be something valuable about this object of their hate.
My intuition tells me that, if you dislike something and instead of simple ignoring it and moving on, you spend a lot of time and energy in criticising it then you are for some reason attached to it.
Obviously many forum or reddit members want to divert money flow and attention from Quark to the currency they are invested in. Others may simply want to suppress the price even further to buy a large amount at a specific price. And lastly there may also be people who quite frankly have some psychological attachment to Quark - feelings of remorse, anger because they sold too low, and so forth...
It's just a basic observation. Whenever something develops quickly then there is also very swiftly a wall of defense against it established. I view this as a systems natural protection process. And we all are nothing but small parts of a larger system. The determining factor is just magnification. Whether you observe a single cell as a system with inherent processes or a human or the world financial market with all it's participants... there are always they same underlying recurring principles. It just has to suck if you find yourself in the position of playing the role of the "defense" against an otherwise positiv development
Whichever way you put, all these factors make Quark stand out immensely from comparable options and I believe there will be quite a substantial growth in the future (don't quote me on that one though
)Well said FelixO. Exactly the same bashing happened to LTC. Sign up at http://quark.freeforums.net/ if you don't mind and share this comment with the community. Cheers
Breaking news !!!
Quark on mtGox !!!
Quark on mtGox !!!
Yeah .. no ..
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