Topic: [ANN][0.8.6] Hirocoin - X11 - NGW - Secured Blockchain - Time Warp Limitation - page 65. (Read 271641 times)
April 06, 2014, 05:05:01 PM
The reason for the price decline is simple, Hiro is WAY overvalued as I pointed out earlier. Take a coin like EMC2, which as I originally posted less than a week ago was at 300 and is now on MintPal trading around 900 with 300M coins, half the Hiro total that was trading at twice the 1200 sat it's at now. EMC2 was launched fairly without a huge insta-mine to be dumped and an active community that funds scientific research. A much better cause than lining the pockets of early Hiro adopters just because they were able to accumulate an obscene amount of coins through the artificially low diff.
April 06, 2014, 04:53:51 PM
^^^ I appreciate you taking the time to respond, but that's just more of the same. Worse, nobody has commented on both our actual questions.
Someone has been dumping heaps and heaps of Hiro at low low prices (~1300 sat) over the past few days. No miner would do that, it's a big loss. Who could possibly afford to do that? Considering what we know about the instamine, this makes me nervous that someone's been cashing in.
95% of coins have gone down like Hiro has recently... and never returned. This makes me very nervous.
I want to believe but I'm losing reason to. I can see very little marketing of this coin, very little work being done compared to other coins, just the occasional post advising it's being made "more secure". Security won't be a problem if its worth nothing, which is what will happen if this coin doesn't get marketed properly.
Someone has been dumping heaps and heaps of Hiro at low low prices (~1300 sat) over the past few days. No miner would do that, it's a big loss. Who could possibly afford to do that? Considering what we know about the instamine, this makes me nervous that someone's been cashing in.
95% of coins have gone down like Hiro has recently... and never returned. This makes me very nervous.
I want to believe but I'm losing reason to. I can see very little marketing of this coin, very little work being done compared to other coins, just the occasional post advising it's being made "more secure". Security won't be a problem if its worth nothing, which is what will happen if this coin doesn't get marketed properly.
+1
Anyone responding to miner/investor concerns by telling us to go invest in retirement funds because we can't handle the heat isn't contributing to this discourse and is completely missing the point.
In another thread, I got a response from a Hiro Team Member that I was being too dramatic. Hirocoin needs some drama now. I don't mean only through negative feedback and doubts and a lot of people calling each other names. I'm referring to something greater than someone comparing Hirocoin to Litecoin in one comment several days ago, something greater than the X11 algorithm alone and keeping our houses cool in the summer (great for miners but investors don't seem to care much about this benefit),
You made several good points. There is a lot of complaining because the price is down. Almost every coins has been going down and so what? So the team is responsible? They seem to be working to develop this coin, is that proof of them working that you need? I m missing no point as an investor AND as a miner i don t have any problems with this price. I m currently holding my coins and buying some more at 1000 sat.
About the summer, you are missing the point that miners will switch to go mining X11 coins and increasing the difficulty. Each coins will be more difficult to generate and they will hold waiting for the price to rise to the proper level to be profitable. That s the whole point of Hiro s article on reddit. People understood and X11 got some hype and they forget. The price is low, at a good level to buy.
I m surely prefer that they work now, develop some great stuf that will be ready for the summer when the difficulty will rise. Because I m not sure that less inflation will make the coin rise by itself.
I will let them answer. Complaining to the team that the price is down is really not helping.
The only thing i have to know is why Hiro didnt answer to the people telling that X11 is not worth the hype it gained. And surely, if they are some optimized miners elsewhere ( but i m convinced that is just FUD)
I agree with you - the team isn't directly responsible for the price of the coin today, but indirectly responsible? Absolutely. There's been an absence of buzz, marketing activity, investor engagement, generating a strong forward momentum through demonstrating progress - I realize that all of this is relative to each person's expectations going in, but I highly doubt I'm the only person who feels a general lack of substance from the Hiro Team for quite some time now (marketing or otherwise). Look at EMC2 and MYR. Call it real or hype, tell me it's not comparing apples to apples, but at the end of the day, there are extremely vocal people backing these coins, reminding folks why they should pay attention to them, sharing what they're up to and why, and reassuring current miners/investors that they can count on the coins' larger teams to maintain the perception of the coin's good health and ongoing progress. This is critical for a newer coin - we all know this. There needs to be a balance of spreadable, marketable activity in addition to the big back-pocket news that's being held back, waiting for the perfect timing. It should never get to a point where someone asks the question - Is Hirocoin dead? That should have been a huge red flag to the Hiro team that something has gone terribly wrong, even if they had the best of intentions all along. You can call it FUD or disruptive noise, but there are plenty of coins out there, older and newer, where people don't have any cause to ask that question.
RE: the summer and the value of mining X11 coins.
You are likely right about this, but wouldn't this logic apply to all X11 coins? What makes Hiro stand out and why should people choose Hiro over other X11 coins? Again, establishing differentiation has to be both real (sound development) and perceived (marketing).
RE: I will let them answer. Complaining to the team that the price is down is really not helping.
Yes, I also would like the team to answer these concerns. I think that's all people like me are wanting at this point - transparency and thoroughness. We hope the team doesn't selectively answer, but rather, take the time to address *all* of the concerns raised over the past few days.
And I want to make the distinction that the concerns raised aren't only about the price. The price today is the result of the marketing inactivity and lack of engagement. This is what we're trying to bring to the foreground. The Hiro team may be a group of incredible developers with a good plan in mind, but it's evident they need people focused on the marketing/communications side of things. It's a mistake to think the coin is solid as-is and that this should be good enough for a while - we know how quickly things move and change in the altcoin world, and Hiro needs to hustle and keep up the pace. The coins above the fold (regardless of vintage) are the coins that are constantly pushing, evangelizing the 'good things to come' news bursts, and regularly and consistently getting people to drink their Koolaide. To think that Hiro is above that or is so great as-is that it doesn't need that - that's a very big mistake and will cost everyone a lot of time, effort, and money.
It's easy to come on here and blame the coin for everything that's gone wrong, so I'll step up and offer my assistance. I'm invested in Hiro and would only benefit to see it succeed, so to the Hiro Team - whenever you're ready, put me to work. I'll be happy to spread the news on your behalf and brew up some curiosity and excitement. And I'm certain I'm not alone in wanting to help Hirocoin kick some righteous butt. But in the meantime, we need answers to our questions. We need to know why it's worth sticking around. Convince us, and you can be sure we'll go out there and convince others.
April 06, 2014, 03:28:04 PM
^^^ I appreciate you taking the time to respond, but that's just more of the same. Worse, nobody has commented on both our actual questions.
Someone has been dumping heaps and heaps of Hiro at low low prices (~1300 sat) over the past few days. No miner would do that, it's a big loss. Who could possibly afford to do that? Considering what we know about the instamine, this makes me nervous that someone's been cashing in.
95% of coins have gone down like Hiro has recently... and never returned. This makes me very nervous.
I want to believe but I'm losing reason to. I can see very little marketing of this coin, very little work being done compared to other coins, just the occasional post advising it's being made "more secure". Security won't be a problem if its worth nothing, which is what will happen if this coin doesn't get marketed properly.
Someone has been dumping heaps and heaps of Hiro at low low prices (~1300 sat) over the past few days. No miner would do that, it's a big loss. Who could possibly afford to do that? Considering what we know about the instamine, this makes me nervous that someone's been cashing in.
95% of coins have gone down like Hiro has recently... and never returned. This makes me very nervous.
I want to believe but I'm losing reason to. I can see very little marketing of this coin, very little work being done compared to other coins, just the occasional post advising it's being made "more secure". Security won't be a problem if its worth nothing, which is what will happen if this coin doesn't get marketed properly.
+1
Anyone responding to miner/investor concerns by telling us to go invest in retirement funds because we can't handle the heat isn't contributing to this discourse and is completely missing the point.
In another thread, I got a response from a Hiro Team Member that I was being too dramatic. Hirocoin needs some drama now. I don't mean only through negative feedback and doubts and a lot of people calling each other names. I'm referring to something greater than someone comparing Hirocoin to Litecoin in one comment several days ago, something greater than the X11 algorithm alone and keeping our houses cool in the summer (great for miners but investors don't seem to care much about this benefit),
You made several good points. There is a lot of complaining because the price is down. Almost every coins has been going down and so what? So the team is responsible? They seem to be working to develop this coin, is that proof of them working that you need? I m missing no point as an investor AND as a miner i don t have any problems with this price. I m currently holding my coins and buying some more at 1000 sat.
About the summer, you are missing the point that miners will switch to go mining X11 coins and increasing the difficulty. Each coins will be more difficult to generate and they will hold waiting for the price to rise to the proper level to be profitable. That s the whole point of Hiro s article on reddit. People understood and X11 got some hype and they forget. The price is low, at a good level to buy.
I m surely prefer that they work now, develop some great stuf that will be ready for the summer when the difficulty will rise. Because I m not sure that less inflation will make the coin rise by itself.
I will let them answer. Complaining to the team that the price is down is really not helping.
The only thing i have to know is why Hiro didnt answer to the people telling that X11 is not worth the hype it gained. And surely, if they are some optimized miners elsewhere ( but i m convinced that is just FUD)
April 06, 2014, 03:16:36 PM
To the Hiro Team - if we're wrong about any of this, do prove us wrong and put us in our place through action. It's time to stop talking and start doing, yeah? You may have had great intentions for the coin initially, but the problem you need to solve now is your execution.
Like I said, I'll respond in a few hours
I'm at work in the hospital, life or death situation etc.
April 06, 2014, 03:02:39 PM
^^^ I appreciate you taking the time to respond, but that's just more of the same. Worse, nobody has commented on both our actual questions.
Someone has been dumping heaps and heaps of Hiro at low low prices (~1300 sat) over the past few days. No miner would do that, it's a big loss. Who could possibly afford to do that? Considering what we know about the instamine, this makes me nervous that someone's been cashing in.
95% of coins have gone down like Hiro has recently... and never returned. This makes me very nervous.
I want to believe but I'm losing reason to. I can see very little marketing of this coin, very little work being done compared to other coins, just the occasional post advising it's being made "more secure". Security won't be a problem if its worth nothing, which is what will happen if this coin doesn't get marketed properly.
Someone has been dumping heaps and heaps of Hiro at low low prices (~1300 sat) over the past few days. No miner would do that, it's a big loss. Who could possibly afford to do that? Considering what we know about the instamine, this makes me nervous that someone's been cashing in.
95% of coins have gone down like Hiro has recently... and never returned. This makes me very nervous.
I want to believe but I'm losing reason to. I can see very little marketing of this coin, very little work being done compared to other coins, just the occasional post advising it's being made "more secure". Security won't be a problem if its worth nothing, which is what will happen if this coin doesn't get marketed properly.
+1
Anyone responding to miner/investor concerns by telling us to go invest in retirement funds because we can't handle the heat isn't contributing to this discourse and is completely missing the point. We're not bashing hiro fans, hirocoins, or altcoins; as people invested in Hirocoin, making disparaging comments for no reason does us no good, right? We are trying to convey to the Hiro Team that there is a lack of substance, or perhaps the perception of substance when it comes to Hirocoin as of late, and this is causing heaps of FUD (not surprising in the altcoin world), a lot of dumping at low prices (surprising to those of us who currently mine and analyze what it costs to mine Hirocoin), and not enough activity and fight from the Hiro Team as prices plummet and doubters' voices get louder (surprisingly disappointing after such a strong start).
In another thread, I got a response from a Hiro Team Member that I was being too dramatic. Hirocoin needs some drama now. I don't mean only through negative feedback and doubts and a lot of people calling each other names. I'm referring to something greater than someone comparing Hirocoin to Litecoin in one comment several days ago, something greater than the X11 algorithm alone and keeping our houses cool in the summer (great for miners but investors don't seem to care much about this benefit), something greater than the hype of a new-ish coin that initially sounded smart and well thought out. That's how Hiro gained its early legions of fans (and not just hoppers), but it's not enough to keep us through these considerable low-priced dumps we're witnessing day after day with no good explanation. And by the way, many of us are not looking for mini pumps to feel better about Hirocoin, though I'm sure that would do the trick for some; we are looking for progress, interactions, activity, volume, and differentiators to keep us committed to Hirocoin. Demonstrate to us why we should stick around - that is the Hiro Team's responsibility.
To tell us that the altcoin world has a short attention span is a weak reason for why Hirocoin has been on a quiet downward spiral for so many days. This 'short attention span' reality is true for all altcoins, and the ones that bubble to the top and remain there are the ones with an active, intelligent community here, on twitter, on the exchanges...pretty much everywhere you look, actively discussing why their coin deserves serious attention. Hiro came out strong with X11, but after the first big boost from premiering on Mintpal, it quietly folded up like a sad soufflé in a cupboard. What a missed opportunity there. And now after so many days of nothing new, or perhaps more importantly, nothing substantial, those missed opportunities to leverage the initial excitement seem like unrecoverable mistakes. People are actually asking - is Hirocoin dead? If that is far from the truth, the Hiro Team needs to do a better job at proving the doubters wrong. This isn't a movie theater - silence is not golden.
If Hiro is truly about being transparent to its community, I'd like to see a clear response to the accusation that a small group of miners/developers may have their hands on some optimized code for mining Hiro/x11 coins faster/easier than the rest of us (and a future patch to be handed out to the community once this accusation proves too difficult to slip under the rug). While this may sound like a goofy conspiracy theory, these cheap dumps are forcing us to take pause and ask - could this be true? If regular miners like me cannot possibly sell for what Hirocoins have been going for, who can and how? We know that the hoppers have likely all sold when the prices were higher and moved onto other coins during the first week - so this current reality requires some explanation by the Hiro Team. Be it Instamine, special x11 secret code sauce used by a select few, or perhaps (and hopefully) a less menacing reason...please, we're all ears. Because if the Hiro Team doesn't have a reasonable explanation for what we're witnessing on the exchanges, we're all in trouble.
And do consider that to many, X11 alone is no longer compelling - it was a good start for Hiro, that's all. With DRK and other newer coins taking the X11 route, what makes Hiro different or better beyond the algo? The marketing of this information has been lacking by the Hiro Team, eh? Because true or not, right now it feels like all Hiro has is the X11 label, and that's just not enough - hasn't been enough for a while now.
To the Hiro Team - if we're wrong about any of this, do prove us wrong and put us in our place through action. It's time to stop talking and start doing, yeah? You may have had great intentions for the coin initially, but the problem you need to solve now is your execution.
April 06, 2014, 02:58:16 PM
selling now at 0.00001 - not good 
April 06, 2014, 02:49:15 PM
Have 2 pretty heavy hands on Bitember. I am trying to double my hash this week. Not giving up on this coin yet ;-)
April 06, 2014, 02:46:27 PM
HIC symbol changed to HIRO on Europex.
Can you please update the link to https://www.europex.eu/#coin/btc/hiro
Thank you !
Can you please update the link to https://www.europex.eu/#coin/btc/hiro
Thank you !
April 06, 2014, 09:10:38 AM
Like not being used to mine and dump as it is now since it is low in usage offers.
April 06, 2014, 09:09:04 AM
April 06, 2014, 09:04:39 AM
HIRO needs a block halver very soon
April 06, 2014, 08:35:08 AM
I'm a bit busy with my day job right now but I'll write you a good reply later today. Thanks for the time you took clearing up what exactly you're asking
Thanks. We all have day jobs unfortunately! I'm off to sleep now and when I wake it will be time to go to my day job! Monday morning.... Errrgghh..
April 06, 2014, 08:10:03 AM
price is so down, that I have to switch off my rigs today or tomorrow...X11 or not, unprofitable anymore, unless btc to 600+
People said the same in 2011, when Bitcoin price was $11 and "diff getting too high to be profitable to mine".
For Scrypt it will soon be true, my KnCMiner Titan outperforms 300 R9 290x cards, using the power of only 3 of them.
I have to pay for electricity, I have no choice...and if price will be only for electricity, I dont see any reason to mine ANY coinI like hiro, I like X11 but make profit 2€ daily with 35,000 khash is very poor... for switching off
uh
just mine at the start new coin for 5 min then shut down your rig, repeat
almost 0 consumption and probably a big profit, maybe not now because everything is dead right now...
April 06, 2014, 08:05:24 AM
Ok, please be a bit more clear then. What are your two questions ?
Apologies, I tend to ramble on a bit...
1) Apart from a possible security improvement you mentioned, what else are the team doing to improve the coin?
Eg. Why is it not on Cryptsy? I'm not seeing very much public activity at all. Someone actually posted "so is this coin dead?" today!
2) Why should we have faith that this recent downturn won't continue, like it has for 95% of all other altcoins? I'm aware of the strategy (to wait for ASICs to come) but... well I'm just not sure if that's a genuine plan. Any other coin could come along with X11 in the meantime, add something which differentiates it, add a good marketing strategy, and wham! No more Hiro.
In general I'm just saying that more needs to be done for me, personally, to keep believing in this coin. I'm sure its the same for many.
I'm a bit busy with my day job right now but I'll write you a good reply later today. Thanks for the time you took clearing up what exactly you're asking
April 06, 2014, 08:04:32 AM
I'll mine it, cuz It's never was so profitable to mine and dump like everyone do, mining at this time also investment. Diff is lower right now, so I am still in.
And also I'll mine solo, LOL. Cuz I am tired to find blocks for a pool and get half of it.
I tried solo few days ago, 9 blocks in 24h, then 1 block per next 24h, then pool .) And also I'll mine solo, LOL. Cuz I am tired to find blocks for a pool and get half of it.
April 06, 2014, 08:02:26 AM
price is so down, that I have to switch off my rigs today or tomorrow...X11 or not, unprofitable anymore, unless btc to 600+
People said the same in 2011, when Bitcoin price was $11 and "diff getting too high to be profitable to mine".
For Scrypt it will soon be true, my KnCMiner Titan outperforms 300 R9 290x cards, using the power of only 3 of them.
I have to pay for electricity, I have no choice...and if price will be only for electricity, I dont see any reason to mine ANY coinI like hiro, I like X11 but make profit 2€ daily with 35,000 khash is very poor... for switching off
uh
just mine at the start new coin for 5 min then shut down your rig, repeat
almost 0 consumption and probably a big profit, maybe not now because everything is dead right now...
April 06, 2014, 07:58:12 AM
Guys, let's create GPU settings thread for X11 like Verters do. There are a lot of problems, like hashrate fall in a hour due to unknown reason. Who can take it?
April 06, 2014, 07:55:22 AM
I like hiro, I like X11 but make profit 2€ daily with 35,000 khash is very poor... for switching off
It's not like theres a really profitable coins out there right now, its recession baby.
Cryptos are like lottery and you can only win a jackpot buy buying lottery tickets aka mining underdogs and hold.
Daily mine&dump is a waste of time.
True, I didn't make money on the coins I mined & dumped.
I made money on the coins I held (BTC, LTC, Hiro?)
I wish to I had at least 2000€+ like germanys, I would be happy to mine any coin and wait...
thats life
Its good time to claim warranty gpus with bad fans
April 06, 2014, 07:47:52 AM
i currently have my rigs of too like alot of other people and i want to keep them on but its just covering electric at the moment but i do understand that it cant always be win win win and you have to sacrifice mining at a loss just to get the coins and hold as an investment, im done with scrypt now and im looking at the next generation on coin, is this it?
April 06, 2014, 07:43:59 AM
I'll mine it, cuz It's never was so profitable to mine and dump like everyone do, mining at this time also investment. Diff is lower right now, so I am still in.
And also I'll mine solo, LOL. Cuz I am tired to find blocks for a pool and get half of it.
And also I'll mine solo, LOL. Cuz I am tired to find blocks for a pool and get half of it.
Jump to: