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Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 378. (Read 810099 times)

sr. member
Activity: 364
Merit: 250
Stand up , Stand up , Stand up !
Very beautiful logo , I'm late
member
Activity: 61
Merit: 10
Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low. Undecided

$50,000 is very low?

Consider this scenario:

Mr Spread commits to implementing Masternodes for Spread.

Within a month or two there are 500 Masternodes requiring 1000 SPR to run, each costing $0.16/day to run and earning 8.64 SPR/day assuming a 50-50 block reward split between miners and MNs.

At a SRP price of 0.001 BTC which would not be at all unreasonable should this happen, that's over $3/day profit per MN, and an annual return of over 300%. Remember, that's half a million SPR taken off the market.

 Grin

Just an example obviously, but you get the idea... Masternodes are both useful and profitable. There's a reason the price has risen significantly merely on the possibility that this will happen. A  confirmed roadmap would see the price rise even more significantly. Remember, there are plenty of people who shy away from Darkcoin just because of the name, or because they think they have missed the boat, both of which are daft IMO but it is what it is.

And there are even more people who shy away from PoW altogether because nobody in their right minds is going to trust a vulnerable handful of parasitic pool operators with the blockchain, and thus their money.

The market cap of Spread could be $sixfigures pretty soon. If I had Mr Spread's skillset - well, you know what I'd be doing.
I think Spreadcoin abosolutely has the potential to be the TOP20 or TOP10 marketcap coin when the masternodes are implemented.
hero member
Activity: 518
Merit: 500
What the average hashrate of a 280x and 750ti? How many coins can a 280x and a 750ti get in a day on average? What's the best AMD miner and Nvidia miner to use? Thanks in advance to anyone that helps answer these questions, greatly appreciate it....

I have both,

R9 280X - just a bit under 2000 Kh/s
GTX 750Ti - 1400-1500 Kh/s
GTX 970 - 3500-3600 normal, overclocked a bit above 4000 (You can get 4150 if you allow temperatures above 69 °C)

EDIT: links to miners are in the first post of this thread.

Regards,
Andy

Thanks Andy

What can 10,000 kh/s get in coin production per day?
For the current net hashrate,you could get around 100 SPR a day.

Cool, thanks.

Sounds like AMDs aren't too efficient in mining this algo. Guess I'll have to stick with Nvidia.
full member
Activity: 126
Merit: 100
What the average hashrate of a 280x and 750ti? How many coins can a 280x and a 750ti get in a day on average? What's the best AMD miner and Nvidia miner to use? Thanks in advance to anyone that helps answer these questions, greatly appreciate it....

I have both,

R9 280X - just a bit under 2000 Kh/s
GTX 750Ti - 1400-1500 Kh/s
GTX 970 - 3500-3600 normal, overclocked a bit above 4000 (You can get 4150 if you allow temperatures above 69 °C)

EDIT: links to miners are in the first post of this thread.

Regards,
Andy

Thanks Andy

What can 10,000 kh/s get in coin production per day?
For the current net hashrate,you could get around 100 SPR a day.
full member
Activity: 126
Merit: 100
Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low. Undecided

$50,000 is very low?

Consider this scenario:

Mr Spread commits to implementing Masternodes for Spread.

Within a month or two there are 500 Masternodes requiring 1000 SPR to run, each costing $0.16/day to run and earning 8.64 SPR/day assuming a 50-50 block reward split between miners and MNs.

At a SRP price of 0.001 BTC which would not be at all unreasonable should this happen, that's over $3/day profit per MN, and an annual return of over 300%. Remember, that's half a million SPR taken off the market.

 Grin

Just an example obviously, but you get the idea... Masternodes are both useful and profitable. There's a reason the price has risen significantly merely on the possibility that this will happen. A  confirmed roadmap would see the price rise even more significantly. Remember, there are plenty of people who shy away from Darkcoin just because of the name, or because they think they have missed the boat, both of which are daft IMO but it is what it is.

And there are even more people who shy away from PoW altogether because nobody in their right minds is going to trust a vulnerable handful of parasitic pool operators with the blockchain, and thus their money.

The market cap of Spread could be $sixfigures pretty soon. If I had Mr Spread's skillset - well, you know what I'd be doing.
yeah,quite agree,10000 sato is quite a low price when you look back weeks later Grin
full member
Activity: 126
Merit: 100
Well I'm quite happy with the way SpreadCoin is turning out and wished I would have learned about this coin when it first launched so I could've mined a lot more and not had to buy most of my stash lol But I'm not concerned at all because I know the stash I'm holding will easily bring me 300% profit for what I bought my coins for and that's more than enough for me to be content with Smiley But just out of curiousity can someone please post me the link how to set up a miner for this coin instead of just the in-wallet mining? Would greatly appreciate it Smiley Cheers
look at the README.txt file in the GPU miner folder.
hero member
Activity: 518
Merit: 500
What the average hashrate of a 280x and 750ti? How many coins can a 280x and a 750ti get in a day on average? What's the best AMD miner and Nvidia miner to use? Thanks in advance to anyone that helps answer these questions, greatly appreciate it....

I have both,

R9 280X - just a bit under 2000 Kh/s
GTX 750Ti - 1400-1500 Kh/s
GTX 970 - 3500-3600 normal, overclocked a bit above 4000 (You can get 4150 if you allow temperatures above 69 °C)

EDIT: links to miners are in the first post of this thread.

Regards,
Andy

Thanks Andy

What can 10,000 kh/s get in coin production per day?
member
Activity: 90
Merit: 10
What the average hashrate of a 280x and 750ti? How many coins can a 280x and a 750ti get in a day on average? What's the best AMD miner and Nvidia miner to use? Thanks in advance to anyone that helps answer these questions, greatly appreciate it....

I have both,

R9 280X - just a bit under 2000 Kh/s
GTX 750Ti - 1400-1500 Kh/s
GTX 970 - 3500-3600 normal, overclocked a bit above 4000 (You can get 4150 if you allow temperatures above 69 °C)

EDIT: links to miners are in the first post of this thread.

Regards,
Andy
hero member
Activity: 784
Merit: 500
FLY DONATION ADDRESS IN SIGNATURE
Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low. Undecided

$50,000 is very low?

Consider this scenario:

Mr Spread commits to implementing Masternodes for Spread.

Within a month or two there are 500 Masternodes requiring 1000 SPR to run, each costing $0.16/day to run and earning 8.64 SPR/day assuming a 50-50 block reward split between miners and MNs.

At a SRP price of 0.001 BTC which would not be at all unreasonable should this happen, that's over $3/day profit per MN, and an annual return of over 300%. Remember, that's half a million SPR taken off the market.

 Grin

Just an example obviously, but you get the idea... Masternodes are both useful and profitable. There's a reason the price has risen significantly merely on the possibility that this will happen. A  confirmed roadmap would see the price rise even more significantly. Remember, there are plenty of people who shy away from Darkcoin just because of the name, or because they think they have missed the boat, both of which are daft IMO but it is what it is.

And there are even more people who shy away from PoW altogether because nobody in their right minds is going to trust a vulnerable handful of parasitic pool operators with the blockchain, and thus their money.

The market cap of Spread could be $sixfigures pretty soon. If I had Mr Spread's skillset - well, you know what I'd be doing.

Once again, well said.  .001 is absolutely possible within a short time if masternodes are implemented.  I can guarantee some Darkcoin holders also investing in Spreadcoin since they understand the monetary value of masternodes and have operating them down to an art.
So you are suggesting that a Spreadnode if Mr. Spread decided to go that way would cost 1000 SpreadCoin to own one or have one or whatever you do with them? I'm really not too familiar with what these node thingys are?
hero member
Activity: 518
Merit: 500
What the average hashrate of a 280x and 750ti? How many coins can a 280x and a 750ti get in a day on average? What's the best AMD miner and Nvidia miner to use? Thanks in advance to anyone that helps answer these questions, greatly appreciate it....
hero member
Activity: 854
Merit: 1000
Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low. Undecided

$50,000 is very low?

Consider this scenario:

Mr Spread commits to implementing Masternodes for Spread.

Within a month or two there are 500 Masternodes requiring 1000 SPR to run, each costing $0.16/day to run and earning 8.64 SPR/day assuming a 50-50 block reward split between miners and MNs.

At a SRP price of 0.001 BTC which would not be at all unreasonable should this happen, that's over $3/day profit per MN, and an annual return of over 300%. Remember, that's half a million SPR taken off the market.

 Grin

Just an example obviously, but you get the idea... Masternodes are both useful and profitable. There's a reason the price has risen significantly merely on the possibility that this will happen. A  confirmed roadmap would see the price rise even more significantly. Remember, there are plenty of people who shy away from Darkcoin just because of the name, or because they think they have missed the boat, both of which are daft IMO but it is what it is.

And there are even more people who shy away from PoW altogether because nobody in their right minds is going to trust a vulnerable handful of parasitic pool operators with the blockchain, and thus their money.

The market cap of Spread could be $sixfigures pretty soon. If I had Mr Spread's skillset - well, you know what I'd be doing.

Once again, well said.  .001 is absolutely possible within a short time if masternodes are implemented.  I can guarantee some Darkcoin holders also investing in Spreadcoin since they understand the monetary value of masternodes and have operating them down to an art.
hero member
Activity: 784
Merit: 500
FLY DONATION ADDRESS IN SIGNATURE
Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low. Undecided

$50,000 is very low?
Yup. On my subjective scale it is. Near the border of typical semi-dead coin. If there will be actual wide interest in SPR, if it will be popular, it can easy get 200k $. I know, after last bitcoin bubble there are not so many coins with good price. But for me marketcap must be around 1 million to call it 'high', top 30 or so. And SPR has chance to do it Grin
+1 to that!! I mean this coin has only been out for what..... 2 months now??? and it's already working it's way up the charts and into people's hearts Wink This is gonna be a huge coin in my opinion and I'm holding all the coins I have till the BIG DAY!!! lol
full member
Activity: 128
Merit: 101
Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low. Undecided

$50,000 is very low?
Yup. On my subjective scale it is. Near the border of typical semi-dead coin. If there will be actual wide interest in SPR, if it will be popular, it can easy get 200k $. I know, after last bitcoin bubble there are not so many coins with good price. But for me marketcap must be around 1 million to call it 'high', top 30 or so. And SPR has chance to do it Grin
legendary
Activity: 966
Merit: 1000
Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low. Undecided

$50,000 is very low?

Consider this scenario:

Mr Spread commits to implementing Masternodes for Spread.

Within a month or two there are 500 Masternodes requiring 1000 SPR to run, each costing $0.16/day to run and earning 8.64 SPR/day assuming a 50-50 block reward split between miners and MNs.

At a SRP price of 0.001 BTC which would not be at all unreasonable should this happen, that's over $3/day profit per MN, and an annual return of over 300%. Remember, that's half a million SPR taken off the market.

 Grin

Just an example obviously, but you get the idea... Masternodes are both useful and profitable. There's a reason the price has risen significantly merely on the possibility that this will happen. A  confirmed roadmap would see the price rise even more significantly. Remember, there are plenty of people who shy away from Darkcoin just because of the name, or because they think they have missed the boat, both of which are daft IMO but it is what it is.

And there are even more people who shy away from PoW altogether because nobody in their right minds is going to trust a vulnerable handful of parasitic pool operators with the blockchain, and thus their money.

The market cap of Spread could be $sixfigures pretty soon. If I had Mr Spread's skillset - well, you know what I'd be doing.
hero member
Activity: 714
Merit: 500
@kryptographer
Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low. Undecided

$50,000 is very low?
hero member
Activity: 784
Merit: 500
FLY DONATION ADDRESS IN SIGNATURE
Well I'm quite happy with the way SpreadCoin is turning out and wished I would have learned about this coin when it first launched so I could've mined a lot more and not had to buy most of my stash lol But I'm not concerned at all because I know the stash I'm holding will easily bring me 300% profit for what I bought my coins for and that's more than enough for me to be content with Smiley But just out of curiousity can someone please post me the link how to set up a miner for this coin instead of just the in-wallet mining? Would greatly appreciate it Smiley Cheers
full member
Activity: 128
Merit: 101
Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low. Undecided
hero member
Activity: 714
Merit: 500
@kryptographer
Why marketcap so high? Does 1 group hold all the coins?
full member
Activity: 126
Merit: 100
I only care about whether the funtion is implemented and running smoothly.
full member
Activity: 126
Merit: 100
I missed this coin in the early time Sad

No you haven't.

SPR could be trading at 10x the current price by the end of January, with 500+ Spreadnodes providing anon for those that wanted it and a better return than mining for those that ran them.

There are many reasons DRK has been far more successful in the market than the CN clones (which are the only other anon solutions, everything else is closed source bullshit and vapourware) or just about any other alt, and technicalities aside, ironically enough the main reason IMO is that Evan Duffield has always been 100% open, honest, and trustworthy, and has done the right thing for the long term, damn the current price. DRK has had some tough times, but its supporters trust the developer, not on blind faith but because they have been given real reason to do so. That's a rare thing in our little playground. That's invaluable.

You also need to stop thinking of the crypto scene as the market. It isn't. You shouldn't give a damn about it, you should care about the real market, big money, the real world. The real world can use and rely on a truly decentralised currency. It is never going to put money into a currency that relies on a few centralised pools for its blockchain security. Ever.

The DRK code fixes one of Bitcoins weaknesses, but Mr Spread's pool-denying solution fixes the far bigger one: centralisation.

BTC will never fix it's centralisation problem, big money will always laugh at it for the flawed toy that it is and walk away.

SPR, uniquely among PoW coins, has the potential to remain resilient and functional against a serious adversary. That has real value, it was the original selling point of Bitcoin, but Bitcoin has long since abandoned the concept.

Very well said.  However, if Mr. Spread decides to implement DRK features, I would strongly recommend not renaming Masternodes to Spreadnodes.  I would keep them named Masternodes.  Not everything needs to be rebranded and most people know what masternodes are and respect the name and functionality.  I would also keep Darksend as Darksend.  If Spreadcoin was a scam coin, then sure, rename everything and try to rebrand it as your own.  But because this coin has its own innovations that would naturally function very well with DRK innovations, there's no reason to rebrand.  Nobody is renaming the blockchain because it is a trusted technology of Bitcoin.  But they're sure improving upon it with additional innovations.


I agree. If implemented using the term Masternodes is the way to go I think.
I think the name is not a big deal.
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