Topic: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN) - page 124. (Read 1170617 times)

Guys when do you think rvn will be on big exchange?

Miners have to pay thier bills2 you know?Imo we really need some better exchange i was having problems with crypto bridge last few day and really doubt that i was the only one

Top 3 rich list

Rank   Address   Balance   Blocks Mined
1   RWXTRxy1zmzwZCqM3K2VU9Cv81fB1SNfPK   106,690,000 RVN   0
2   RVQQXRM4JUFNCEqgtwYUHKMCBrtDA7L7yQ   30,236,000 RVN   0
3   RAhn7QDyWLRRLazm5PBhB8iM58tgrKfbs5   18,768,067.4358 RVN   0

Would be interesting to see a donation from that big one. The first address has 107 million RVN and has sent 0 coins. Maybe it's the Overstock wallet or something like that and them i would understand not wanting to let them go (they don't care about exchanges yet).

1.000.000 coins, if that is what binance want, right now means 15.000 K dollars.

Simple math.

Download, install then run CryptoBridge locally.  You can use the web app, but it's not the same.

You say you mined Ravencoin from the cpu days, but you do not seem to know much about Ravencoin

in addition 1.95 TH/s is not a weak chain, that's equivalent to about 100000 1080 ti's which will cost you roughly 80 000 000$, you would have to spend tens millions to attack Raven at the current network hashrate, plus you would get nothing.

https://www.youtube.com/watch?v=wLUshd-b6Lc  skip to 1:15

Above is the link to an interview with Patrick Byrne, before Ravencoin was on any exchanges, and it is not the only time he's spoken of Ravencoin. Overstock has spent Millions in TEAMS, that is way bigger and more significant in the mid-long run than actually buying it. In addition to that he publicly stated that they are mining it and have "65 million about a month ago" (I am quite sure that number has doubled at least since then. Plus add the fact that most probably t0 will be the platform to trade RVN assets on. When the time comes do not think for a moment that a company like overstock will let millions in investment die. They will spend many more millions to make it work, in addition to the fact that it is one of THE best open-source projects out there.

as somebody that has mined this coin from the cpu days, i have to say the future is bleak for this coin. it hurts to say that, because bruce fenton gave everybody such high hopes for this project. YES patrick byrne mined this coin (if you think he doesnt have a 1000gpu farm, youre confused) that doesnt inherently mean he invested any fiat. with a daily inflation of about 7 million coins, his inital mine of 60 million really isnt much. also, the chain is supposed to secure assets. bruce claimed securities will be transfared on this chain, and that people will be able to use the platform to create them. WAVES has its mainnet up, POLY has a working product, there are some other projects out there as well. the reason i bring up polymath is PATRICK BYRNE, OSTOCK, AND BRUCE FENTON ARE ADVISORS FOR POLYMATH. polymath is also secured by the ethereum network with is magnitudes stronger than rvn. if you think the development of the coin has the miners in mind, again, youre confused. these big money dudes are investing in all projects (bruce fenton campaigned to be an EOS block producer - YES that shitcoin) THESE PEOPLE JUST WANT MONEY, THEY ARE GOING TO LEAVE YOU WITH BAGS. i sold out reasonably well, i just dont want others to jump into a coin with no future. no future? yes, because no major company will secure their assets on a chain worth less than their company. on the other side of the tracks, if you have many small businesses that are tokenized on the chain, but the chain is worth less than the valuation of the companies. you have a  problem. anybody can goto nicehash(when they get more hash) and 51% a weak chain like rvn if there is an incentive. i just told you why they would be incentivized.

IMO, they don't want to be listed on big exchange. It's not the moment.

It needs to get listed on some user friendly exchanges. I created an account on cryptobridge but it won't let me deposit any bitcoin to buy more RVN. Half of the links give a 404 error on their website.

I just signed up on Graviex, looks like I can get more RVN there. Seems like a pretty obscure exchange. That said, it being listed on Nicehash seems to give it some legitimacy, most algos they have listed have gone on to be something.

I am mining about 800-1000 per day with some spare hashing power. Not fast enough, will just buy some.

About RIP-there was a cry from the soul

yup, Binance for example wants one milion (so I've heard) of a coin, before it get's listet. All those exchanges want coins in return of publishing them.

Yes, some people need hand holding and reassurance from others when times are bad. Some have blind faith, but some can research to make an educated guess and manage risk.

Interesting  - your initial RIP comments sounded like trolling, FUD and Anti-RVN pitch - but you actually like it?
Even more reason to write examples to back up your statements.

I don't like that miners kill the coin at the start of its activity .I believe in this coin, but I'm afraid that it will spoil the games with the value . I just do not lie to myself-all this for the sake of money , but there is a psychological line , after which interest fades ,and there is a snowball that rolls down without stopping .

It's very simple-miners, do not sell the coin so cheap . You're killing a good coin ! You can say whatever you want , but the price of the coin plays a role for interest in the coin . There is a psychological minimum, after which interest in the coin disappears .Don't kill the good coin !!!

Thanks.


Not sure which article you mean, but yeah overstock is invested heavily in RVN. I believe they mined it super early on, they may have also bought some not sure. RVN has been on exchanges for months now.

There is an article that says Patrick Byrne from Overstock invested a lot of money in this coin. Is it true? This is a POW coin so the question is when did he make that investment? When it was on exchanges?

Poetry.
That's how you write an argument.

This is a realistic price for the coin at the moment.

The real purpose of the Raven blockchain is right there in the title of the ANN thread, Asset Transfer. We are waiting on the DEVS to test the Asset Layer and once they are satisfied it can go live. This is when the coin actually has value.

Currently what the miners are doing is creating a strong robust network, so that there is something secure behind that Asset Layer.

The problem right now is that there are so many miners out there who just mine for the profits that day. Nothing inherently wrong with that but with a high volume of coin generation per day it can really drive the price down. So, no RVN isn't dead, some of the initial hype of the x-16R algorithm has faded and there is a lul between noticeable developments from outside the community.

People just have to decide if you want to get in early in hopes of seeing the project go further, do you mine something established to get a fairly setamount unless you HODL ( and for how long), or do you go chasing the pumps of random "coins of the day"

That's better thank you.

They aren't killing it directly though they need to pay for their production just like any POW coins facing the same treatment, so you can't blame it on them.
It is the whole crypto environment downturn.
The coin needs more buyers (traders and investors)
The miners will be holding a lot also. It would be nice if they can hold it all but that is not realistic.
I'd say that the lack of volatility is not attracting traders. The decentralised nature and lack of exciting news plus the general downturn is holding it back short term. It's not dead though.

Do you hold any, mine it, or want to own any... or you just here for the fun?