[ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 164.

CryptoAddict

member

Activity: 115

Merit: 10

Quote from: CryptoAddict on March 04, 2014, 03:06:54 AM

I can highly recommend http://auroracoin.miners-pool.eu/

Mining there for a week. Super stable, 0 downtime, 0 rejects.

Need some more megahashes though. Come mine here!

Cmon Guys.. Spread the hashrate! This pool needs heeeeeeelp Cheesy

Lordoftherigs

sr. member

Activity: 313

Merit: 250

Quote from: Bunkervogel on March 04, 2014, 06:15:14 AM

amazing. what's the target until 25th march? Cool

who knows .... soon enough aurora will reach 0.2 BTC value and from there anything is possible it can double or triple

BitAddict

legendary

Activity: 1190

Merit: 1001

Any one is long in aurora?
I want to borrow up to 2 months. I will pay you 0.25% interest every day, up to 15%. I will provide collateral in escrow and you can check my good rep in big trades. PM me!

Minimum deal 3 btc worth aurora.

Bunkervogel

full member

Activity: 126

Merit: 100

amazing. what's the target until 25th march? Cool

jabo38

legendary

Activity: 1232

Merit: 1001

mining is so 2012-2013

Quote from: declensions on March 04, 2014, 05:37:10 AM

Quote from: jabo38 on March 04, 2014, 05:33:51 AM

price is going up like a lot still, I think it is a total scam coin, no backing up by the government, just some dude saying he will give it away, but no good plan to make sure it will happen correctly. still... the price was going up like steadily, so I bought in for $100 USD. Immediately the exchange prices plummeted and I wanted to panic sell. After a long ride (and I am assuming more speculators jumped in) the price was up. Went to sell in small amounts and as I did so the price just kept on dropping. Finally when I sold all, the price shot back up. Very suspicious. Anyway, it was at least kind to me, but it really seems like this is a massive scam and the people putting in last will be left wondering what happened. For sure the dump will start before the actual drop as the drop will mean a massive dump, but how long before? At least today was okay.

my friend, you need to learn some basics of stock trading, it's similar. If you buy at the peak of course it's going to drop. If you think the price is too high and people are starting to sell off large amounts, wait for it to come back down, because it always will.
How do you tell where is the peak? For one, pay attention to the supply and demand amounts, and the velocity of the buy/sell transactions.

yes, agreed, but still learning about this and learning how to read the charts

jabo38

legendary

Activity: 1232

Merit: 1001

mining is so 2012-2013

Quote from: CryptoStark on March 03, 2014, 11:11:02 PM

Quote from: CryptoMF on March 03, 2014, 11:02:19 PM

At the current exchange rate (0.1 BTC) that would equal 1 MILLION BTC if all 10 million Auroracoins are exchanged for BTC and then cashed out. Imagine if you can what this will do to the price of BTC. It will go into freefall as there are not enough buyers in the market to absorb that many sales.

As I don't want to see this poorly thought-out and designed promotion crash Bitcoin, I seriously hope the exchange rate tanks to a miniscule amount before the airdrop. And why the fuck do the people of Iceland get to be handed for free thousands of dollars in crypto coins each that if all cashed out quickly could seriously damage the exchange markets for all cryptocurrencies? Not hating on any Icelanders at all. I just seriously doubt that they give a rats ass about the health of Bitcoin or any other coin and just want the $$. Aurora coin is useless to them otherwise at the moment. They can't buy anything with it and most will likely fear the government will quickly ban it and will want to get what they can before that happens.

Hopefully I am not the only one who actually thinks this whole thing through to likely conclusion. Go ahead and tell me otherwise. I am sure I will hear from someone that this isn't true and I don't understand economics or free markets or some bullshit. I will tell you what I damn sure understand and that is human greed and how it can totally blind someone to the real facts and potential outcomes of their actions.

Umm, your logic is way off.

The only way for them ALL to cash out at the current exchange rate is if the current BUY WALL is 1 MILLION BTC! Right now the buy wall is 2 BTC.

If you go all the way down to .07 BTC, there is only about 15 BTC TOTAL that can be cashed out.

Unless that 1 million BTC buy wall comes along, your gonna have to work a bit harder at thinking this through to its logical conclusion Wink

This little bit about the "buy wall" is a fact, no other way around it. I am bumping it for any newbies. If even 1% of people get airdrop and even 1% of those cash out, the price will be effectively 0.

bitcoinwonders010

hero member

Activity: 686

Merit: 500

i will buy once the air drop has been done. when all icelanders have sold i will buy. back to $100m market cap after 25th and then i expect to go back up

declensions

full member

Activity: 224

Merit: 100

ugh..stop going up. i wanna sell and go to bed already lol. (and buy back in the morning, don't like holding altcoins overnight)

coinader

newbie

Activity: 23

Merit: 0

Auroracoin on Coinader.com Exchange

https://www.coinader.com/?cur=AUR&ccur=BTC

bitcoinwonders010

hero member

Activity: 686

Merit: 500

there is gonna be a blood bath on 25th march

sirstiv

newbie

Activity: 46

Merit: 0

Can i have one? LOL. AK1KLPxnD55LsajULPz7YA4J7jfev8Qfeo

I too, am also a poor shibe.

What's the difficulty like on this coin? 1 coin per day on 600kh/s? or half now?

avw1982

hero member

Activity: 644

Merit: 500

Quote from: LTEX on March 04, 2014, 05:56:47 AM

Quote from: instacalm on March 04, 2014, 05:46:31 AM

Quote from: LTEX on March 04, 2014, 05:43:32 AM

Keep my 2000+ coins

Nice one. Mind posting a screenshot of your wallet for eye candy?

Devided among different wallets, but here is my hot-wallet ;-)

Nice!

LTEX

legendary

Activity: 1025

Merit: 1000

ltex.nl

Quote from: declensions on March 04, 2014, 05:46:54 AM

2000 coins? nice. What was your hashrate / coins per day? When did you start mining?

this coin launched in Feb 2nd right? Back then with a few thousand hash you could mine a couple hundred a day?

--ah yea i had a feeling the multipools had something to do with the conf times

Started 3 weeks ago, threw in 22Kh Grin

LTEX

legendary

Activity: 1025

Merit: 1000

ltex.nl

Quote from: instacalm on March 04, 2014, 05:46:31 AM

Quote from: LTEX on March 04, 2014, 05:43:32 AM

Keep my 2000+ coins

Nice one. Mind posting a screenshot of your wallet for eye candy?

Devided among different wallets, but here is my hot-wallet ;-)

CryptoPoolSupport

member

Activity: 112

Merit: 10

PUBLIC ANNOUNCEMENT BY

http://aur.cryptopool.eu

Together we will make profit! Help spread the hash in the network!

* Dedicated servers with SSD
* 10 Gbit/s network
* DDoS protection
* Mail support
* Backups of all wallets and pools
* Professional team
* The natural choice for mining!
* There is a mining fee of 1% and donations are appreciated!

History: Biggest pool for THOR, MYR and MIM

Zackgeno96

hero member

Activity: 1778

Merit: 520

just a poor shibe that wants a single aurora coin Sad

AV8v5VQoGwYeZMNHhoHuYy7q94CUzGFu14

declensions

full member

Activity: 224

Merit: 100

2000 coins? nice. What was your hashrate / coins per day? When did you start mining?

this coin launched in Feb 2nd right? Back then with a few thousand hash you could mine a couple hundred a day?

--ah yea i had a feeling the multipools had something to do with the conf times

instacalm

hero member

Activity: 798

Merit: 500

Quote from: LTEX on March 04, 2014, 05:43:32 AM

Keep my 2000+ coins

Nice one

Acrobat

member

Activity: 60

Merit: 10

Sigh...the problem with the high confirmation times lies not with the exchanges!! This coin is being "raped" by the multipools like Wafflepool et al, they mine when difficulty is low until it goes up again, then leave waiting for the difficulty to drop again. Before that happens the coin is being mined with much less hashpower and so the generation of new blocks (including our transactions) takes ages. And you can blame the multipools but it is actually a designflaw of AUR itself getting corrected by implementing KGW which becomes active at block 5400.

Generation of the last block took more than 2 hours. See: http://blockexplorer.auroracoin.eu/chain/AuroraCoin?hi=4091&count=20

LTEX

legendary

Activity: 1025

Merit: 1000

ltex.nl

Quote from: jabo38 on March 04, 2014, 05:33:51 AM

price is going up like a lot still, I think it is a total scam coin, no backing up by the government, just some dude saying he will give it away, but no good plan to make sure it will happen correctly. still... the price was going up like steadily, so I bought in for $100 USD. Immediately the exchange prices plummeted and I wanted to panic sell. After a long ride (and I am assuming more speculators jumped in) the price was up. Went to sell in small amounts and as I did so the price just kept on dropping. Finally when I sold all, the price shot back up. Very suspicious. Anyway, it was at least kind to me, but it really seems like this is a massive scam and the people putting in last will be left wondering what happened. For sure the dump will start before the actual drop as the drop will mean a massive dump, but how long before? At least today was okay.

Why are people who are not familiar with day trading suddenly complaining it doesn't work out for them. I am glad for you it worked out nicely today, but seriously, buying in just because you fear missing out and panic selling as soon as it drops Huh

? That is how you lose money my friend (The Noobs way!) My play? Keep my 2000+ coins and contribute to its success! For sure I will sell some before airdrop at 0,4 or so (just as an insurance), but I will keep the bulk long term. Either you believe in the coin or you don't, if the latter, then just leave it alone!

Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 164. (Read 506425 times)