Topic: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN) - page 113. (Read 1170617 times)

Hi guys, just letting you know T-Rex Nvidia GPU miner now supports x16r algo. It should be the fastest now. Feel free to do pool tests and post the results.
https://bitcointalksearch.org/topic/t-rex-0268-ethw-etc-dual-mining-gpu-miner-4432704

Best in debth article regarding Ravencoin I have read yet:
https://medium.com/@stillman_crypto/the-ravencoin-report-rvn-50ca8872c0de

Crazy day of volume.  Good to have another exchange option...it was sorely needed...can't imagine what a working coin and actual exchange would do for the coin value.  Anyway, got a 399 sell in and am going to see where the NH dumpers take it tomorrow (or if Vincent shows up again).  Trading is my new mining until some better diff adjust stuff comes through.

I hope you are all getting ready to mine in a few hours to catch some quick Raven before Nicehash Phuks come in and steal them.
Should be a good drop in Difficulty and while the Hashrate is under 1TH/s you will hopefully get more than usual.

I.e. its had two sessions at 33,661diff and blocks per minute averaged around 0.98 for the first round and 0.38 on this round where it aims to be 1.0.
I'm not sure if the high block rate before these two rounds added to these two low rounds has the coin behind or in front of where it should be.
My guess is behind (don't want to do the math right now) so it will want to catch up - meaning low difficulty.

Maybe "Vincent" is a Zambian with insider information....

"As part of the MOU, MLG has agreed to deliver to the Ministry certificates of title in digital and printed form by November 30, 2018 to serve as proof of concept for a systematic, streamlined process to scale up the country's land titling program.

Plans for the full scope of the project include developing a blockchain-based land titling program that includes a mobile platform and capabilities for mobile payments. The platform will accommodate streamlined regulations and data collection to assist future government decisions around city planning and land use."

BWTFDIK

I'll watch these days buying coins Ravencoin. I hope it will be a good idea and investment will meet the expectations for the future. I wish the team that all the ideas they implemented as conceived and wanted and went only forward.

Vincent is the biggest horserace track in Paris. Some of the most powerful and richest ppl in the world gamble there..

Anyway someone is betting big : buy  orders of 4btc :x

It's definitely a move. I wouldn't buy any at high prices until he has gone.
Unless you don't give a rats and you are in for the long haul.

But is he buying it from his or his own groups stash. Is it possible to track the source of the RVN and see if they are connected?

That's what made me think. Every time he buys some there is another 20 btc available

Since the exchange is decentralized, I think it should be possible to see if wash trading is happening with some detective work, right?

I mean, if the price action is due to the listing on cryptopia then there's probably someone with deep pockets buying up whatever is on the offer. It isn't a whole lot of money that would be required and this is the first we've had some big news items coming out in a while (that and the recent bit of asset layer hype). Either way, someone is buying, and I bet there are some trapped miners who need to pay their electric bills seeing the price move up and are depositing their RVN into the exchange or selling RVN that they have had loaded into the exchange for a while but just in storage without any orders placed.

Edit: and the detective posted his reply just before mine! lol

Dont think so, this Vincent still has all the rvn he bought in his account, currently more then 63.000.000 RVN, so no wash trading. He never sold, only bought more

My comment is anecdotal. I meant that the amount bought is more than what has been available in the past of constantly around 20btc. There is just under 20BTC available today after all that buying.
So I'm putting the thought out there that it maybe something like wash trading.

If it is I hope it is good for everyone and not just the feathery whale.

I would think that the volume would be from a traitor wanting to take advantage of the new exchange listing. But it is also possible that this is the reason for the large by of RUN
https://cointelegraph.com/news/overstock-subsidiary-partners-with-zambian-govt-on-blockchain-land-registry

yeah good call , but still a great speculation, RVN is going to rise up soon , anyone selling right now , better just be doin it to pay the bills

Not fishy, this is what happens when someone starts buying up all the offers.

Maybe to make on the Cryptopia listing in a few hours. He's probably someone actually from Cryptopia ready to cash in.
Actually. I've never seen that many RVN offered on for sale on CryptoBridge so it sounds a bit fishy.

I guess a lot of people already know this because there's talk about this on the Discord chat but I'm sure not everyone knows so let's share this here.

I write this from my memory because I was watching this when on holiday but did not take notes

The story is that a user named Vincent00 started buying Ravencoin on Crypto-Bridge over a week ago in large amounts. He first deposited 20 BTC to Crypto-Bridge and bought 10 million RVN with it at a price around 210-220. After his order was filled he deposited another 20 BTC to Crypto-Bridge and bought another 10 million RVN. And again he got his bags filled with RVN and deposited another 20 BTC and bought again 10 million RVN around these low prices.

At this time the sellers dry up and then he started to raise his price. Last monday he started buying more agressively and brought the RVN price to 300. Yesterday he continued buying agressively and bought everything up to 350 and that's where the price is right now.

At the moment of writing he has accumulated almost 60 million RVN. You can check his balance, open orders and activity at this page: http://bts.ai/u/vincent00 (edit: the previous link appears down, you can also check this pase: https://wallet.crypto-bridge.org/account/vincent00

We can only speculate why this users buys so many RVN and why he let's them stay on Crypto-Bridge instead of withdraw them to his own wallet...

And a few minutes ago he deposited another 50 BTC to Crypto-Bridge! This is not over yet.