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So I've been mining with you for a few days and I must confess to having no clue what Miner Points are and what they are used for (if anything) although i do seem to be accumulating them.
Topic: [ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY - page 527. (Read 816010 times)
May 19, 2014, 06:11:19 AM
So I've been mining with you for a few days and I must confess to having no clue what Miner Points are and what they are used for (if anything) although i do seem to be accumulating them.
May 19, 2014, 06:08:57 AM
the thing is, and I'm sure I go on about this... there is no such thing as a 'market rate' for altcoins except for their cap. Running prices are purely dictated by users sell and buy orders - which don't adhere to any realistic market value on any coin. Trading platforms for altcoins are not markets, they are just trading platforms, which is a different thing alt-ogether
If you are looking for an altcoin which has a market rate,
that's LITECOIN. lol
Sorry to have to burst your bubble, but you are not going to get your Pre-Ann coin into any kind of market, other than the toy exchanges.
how on earth do you propose to have your pre-ann coin listed as a trading stock, against $USD?
it aint gonna happen, and as for your pre-ann - it's nothing short of a begging letter.
Why ...
errrr, yeah (?) best luck with that.
May 19, 2014, 06:06:19 AM
the thing is, and I'm sure I go on about this... there is no such thing as a 'market rate' for altcoins except for their cap. Running prices are purely dictated by users sell and buy orders - which don't adhere to any realistic market value on any coin. Trading platforms for altcoins are not markets, they are just trading platforms, which is a different thing alt-ogether
If you are looking for an altcoin which has a market rate,
that's LITECOIN. lol
Sorry to have to burst your bubble, but you are not going to get your Pre-Ann coin into any kind of market, other than the toy exchanges.
how on earth do you propose to have your pre-ann coin listed as a trading stock, against $USD?
it aint gonna happen, and as for your pre-ann - it's nothing short of a begging letter.
Why would I listed my coin as a trading stock??? If you are not familiar the history of the monetary system then please don't assume anything. Litecoin does not have any backup asset, as neither of the majority of the altcoins! There is VirtualMining coin which has a CEX.io GHS backup but thats not a direct backup either!
What my coin will achieve that it will have a direct backup, a support, that none of the coins have!! You can sell the coin at a fixed price anytime! And this price will go higher and higher every day!
May 19, 2014, 05:19:32 AM
On current stage (2080 blocks) with 0.7btc each we should be at 79. place on coinmarketcap. So synccoin is very, very, very .... undervalued.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
there is a guy on dedicatedpool mining at 1.3 g/h and earning a mere 3.6 coins per day. Nothing is making sense, this coin has the highest altcoin hashrate ever yet everyone mining at current prices is mining at a giant loss...can anyone explain this? Or are we dealing with a complete mystery.
I think it is a complete mystery. Also a complete mystery, all the coins that are started and left by creator for the Community to pick up/or be stuck with a dead coin.
Perhaps true innovation & not just new algorithms are needed in a coin.
Can anyone explain why the need for anonymity is valued in a currency market?
I am one that feels total transparency of fiat or any currency system IS needed and required for our world to Change into a more equal system. THis is what Crypto currency should be about.
Anonymity is for the darknet , if you don't know the history of bitcoin and his first community , you better forget about crypto
May 19, 2014, 04:23:40 AM
On current stage (2080 blocks) with 0.7btc each we should be at 79. place on coinmarketcap. So synccoin is very, very, very .... undervalued.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
there is a guy on dedicatedpool mining at 1.3 g/h and earning a mere 3.6 coins per day. Nothing is making sense, this coin has the highest altcoin hashrate ever yet everyone mining at current prices is mining at a giant loss...can anyone explain this? Or are we dealing with a complete mystery.
I think it is a complete mystery. Also a complete mystery, all the coins that are started and left by creator for the Community to pick up/or be stuck with a dead coin.
Perhaps true innovation & not just new algorithms are needed in a coin.
Can anyone explain why the need for anonymity is valued in a currency market?
I am one that feels total transparency of fiat or any currency system IS needed and required for our world to Change into a more equal system. THis is what Crypto currency should be about.
May 19, 2014, 03:36:01 AM
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May 19, 2014, 03:29:47 AM
For us small time miners we won't even get a couple of satoshis on the block shares. 
I feel for ya, gotta say, this one was hit pretty hard with hashpower.
May 19, 2014, 03:28:36 AM
For us small time miners we won't even get a couple of satoshis on the block shares.
May 19, 2014, 03:26:47 AM
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May 19, 2014, 03:25:36 AM
the thing is, and I'm sure I go on about this... there is no such thing as a 'market rate' for altcoins except for their cap. Running prices are purely dictated by users sell and buy orders - which don't adhere to any realistic market value on any coin. Trading platforms for altcoins are not markets, they are just trading platforms, which is a different thing alt-ogether
If you are looking for an altcoin which has a market rate,
that's LITECOIN. lol
Sorry to have to burst your bubble, but you are not going to get your Pre-Ann coin into any kind of market, other than the toy exchanges.
how on earth do you propose to have your pre-ann coin listed as a trading stock, against $USD?
it aint gonna happen, and as for your pre-ann - it's nothing short of a begging letter.
May 19, 2014, 03:21:01 AM
On current stage (2080 blocks) with 0.7btc each we should be at 79. place on coinmarketcap. So synccoin is very, very, very .... undervalued.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
there is a guy on dedicatedpool mining at 1.3 g/h and earning a mere 3.6 coins per day. Nothing is making sense, this coin has the highest altcoin hashrate ever yet everyone mining at current prices is mining at a giant loss...can anyone explain this? Or are we dealing with a complete mystery.
multipools dumping is keeping the price low, get your buy orders in while you still can!
I'm basing it off the cost to run a single farm of 1.3 g/h, making 3.6 coins a day at the current price of .668 btc. That is a tiny fraction of a profit if any at all. At 250 m/h i'm mining at a total loss right now. (I believe it will go much higher) Yet this coin is defying all the laws of crypto right now, this is why nothing is making sense.
Binary code (owner of Dedicated) was running 3gh/s on launch, and I don't think he was dumping, he's the kind of guy who would wait for the price to go up (as it will) and then dump at a massive massive profit.
I don't doubt the multipools are hitting this coin and selling, but I think a decent amount of the hash is coming from people who are holding and waiting. Not all miners are out to dump, some are willing to take a risk and hold.
May 19, 2014, 03:16:14 AM
the thing is, and I'm sure I go on about this... there is no such thing as a 'market rate' for altcoins except for their cap. Running prices are purely dictated by users sell and buy orders - which don't adhere to any realistic market value on any coin. Trading platforms for altcoins are not markets, they are just trading platforms, which is a different thing alt-ogether
If you are looking for an altcoin which has a market rate, there will be one! Just look at this PRE-ANN https://bitcointalksearch.org/topic/m.6801193!
May 19, 2014, 03:09:42 AM
May 19, 2014, 02:55:05 AM
I see what you did there raskul 
yeah I know, I guess i'm just mystified by Sync right now. It's like the entire world is mining it, but everyone is being hush hush about it (and dumping coins at a loss per electricity/time), except me blabbing on all day cause i think it's got a possible future.
yeah I know, I guess i'm just mystified by Sync right now. It's like the entire world is mining it, but everyone is being hush hush about it (and dumping coins at a loss per electricity/time), except me blabbing on all day cause i think it's got a possible future.you are right, people selling at the price as it is, are selling at a loss. The thing is, most miners don't appreciate the purpose of the coin (long term investment) and as a result, will dump it at any price, thinking they've made money. I just want 1SYNC so that I can say, 'i'm finally 1 in a thousand'
May 19, 2014, 02:44:46 AM
I see what you did there raskul yeah I know, I guess i'm just mystified by Sync right now. It's like the entire world is mining it, but everyone is being hush hush about it (and dumping coins at a loss per electricity/time), except me blabbing on all day cause i think it's got a possible future.
yeah I know, I guess i'm just mystified by Sync right now. It's like the entire world is mining it, but everyone is being hush hush about it (and dumping coins at a loss per electricity/time), except me blabbing on all day cause i think it's got a possible future. May 19, 2014, 02:39:33 AM
On current stage (2080 blocks) with 0.7btc each we should be at 79. place on coinmarketcap. So synccoin is very, very, very .... undervalued.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
there is a guy on dedicatedpool mining at 1.3 g/h and earning a mere 3.6 coins per day. Nothing is making sense, this coin has the highest altcoin hashrate ever yet everyone mining at current prices is mining at a giant loss...can anyone explain this? Or are we dealing with a complete mystery.
multipools dumping is keeping the price low, get your buy orders in while you still can!
I'm basing it off the cost to run a single farm of 1.3 g/h, making 3.6 coins a day at the current price of .668 btc. That is a tiny fraction of a profit if any at all. At 250 m/h i'm mining at a total loss right now. (I believe it will go much higher) Yet this coin is defying all the laws of crypto right now, this is why nothing is making sense.
the thing is, and I'm sure I go on about this... there is no such thing as a 'market rate' for altcoins except for their cap. Running prices are purely dictated by users sell and buy orders - which don't adhere to any realistic market value on any coin. Trading platforms for altcoins are not markets, they are just trading platforms, which is a different thing alt-ogether
May 19, 2014, 02:37:07 AM
On current stage (2080 blocks) with 0.7btc each we should be at 79. place on coinmarketcap. So synccoin is very, very, very .... undervalued.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
there is a guy on dedicatedpool mining at 1.3 g/h and earning a mere 3.6 coins per day. Nothing is making sense, this coin has the highest altcoin hashrate ever yet everyone mining at current prices is mining at a giant loss...can anyone explain this? Or are we dealing with a complete mystery.
multipools dumping is keeping the price low, get your buy orders in while you still can!
not necessarily - multi's all have different methods of choosing which coin to mine, once PoW is over, we'll see price = value
May 19, 2014, 02:36:06 AM
On current stage (2080 blocks) with 0.7btc each we should be at 79. place on coinmarketcap. So synccoin is very, very, very .... undervalued.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
there is a guy on dedicatedpool mining at 1.3 g/h and earning a mere 3.6 coins per day. Nothing is making sense, this coin has the highest altcoin hashrate ever yet everyone mining at current prices is mining at a giant loss...can anyone explain this? Or are we dealing with a complete mystery.
multipools dumping is keeping the price low, get your buy orders in while you still can!
I'm basing it off the cost to run a single farm of 1.3 g/h, making 3.6 coins a day at the current price of .668 btc. That is a tiny fraction of a profit if any at all. At 250 m/h i'm mining at a total loss right now. (I believe it will go much higher) Yet this coin is defying all the laws of crypto right now, this is why nothing is making sense.
May 19, 2014, 02:35:59 AM
On current stage (2080 blocks) with 0.7btc each we should be at 79. place on coinmarketcap. So synccoin is very, very, very .... undervalued.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
there is a guy on dedicatedpool mining at 1.3 g/h and earning a mere 3.6 coins per day. Nothing is making sense, this coin has the highest altcoin hashrate ever yet everyone mining at current prices is mining at a giant loss...can anyone explain this? Or are we dealing with a complete mystery.
some pool have a problem with a diff bug that can cause fake hashrate, i don't know the details exactly
May 19, 2014, 02:30:59 AM
On current stage (2080 blocks) with 0.7btc each we should be at 79. place on coinmarketcap. So synccoin is very, very, very .... undervalued.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
If price would be 5btc each so we will be at 13. place and with so huge interest I think it's not high enough.
there is a guy on dedicatedpool mining at 1.3 g/h and earning a mere 3.6 coins per day. Nothing is making sense, this coin has the highest altcoin hashrate ever yet everyone mining at current prices is mining at a giant loss...can anyone explain this? Or are we dealing with a complete mystery.
multipools dumping is keeping the price low, get your buy orders in while you still can!
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