Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 169. (Read 506425 times)
The market cap of Auroracoin now exceeds the value of all Icelandic Krona in circulation
6k difficulty, not worth pointing my 3.1mh's towards it. way way way to high
What are you going to mine then?
3.1mhs = .25 AUR/day .25 of 70USD = 17.50$ .13 KW/h*24 = $3.12 and this coin has more upside than atm this coin has possibility for more gains.
Isn't it "1.3 KW/h*24" though?
i'm just assuming power usage is 1000watts or 1 kw @ 13 cents kw/h.. I have same setup ..
6k difficulty, not worth pointing my 3.1mh's towards it. way way way to high
What are you going to mine then?
3.1mhs = .25 AUR/day .25 of 70USD = 17.50$ .13 KW/h*24 = $3.12 and this coin has more upside than atm this coin has possibility for more gains.
Isn't it "1.3 KW/h*24" though?
6k difficulty, not worth pointing my 3.1mh's towards it. way way way to high
What are you going to mine then?
3.1mhs = .25 AUR/day .25 of 70USD = 17.50$ .13 KW/h*24 = $3.12 and this coin has more upside than atm this coin has possibility for more gains.
6k difficulty, not worth pointing my 3.1mh's towards it. way way way to high
Just point Your Rig to www.Multipool.us , Payouts Confirmed.
is http://aur3.easy-mine.eu/ working? been mining for the better part of 2.5 hours now and not a single payment has been recieved. thier method is PROP.
I noticed it resets the round % to an earlier one every so often.
I think the pool is working but dashboard is off..
its only dangerous if there are whales stupid enough to support the dumpage.. that would be bitcoin bearish... else actually positive and bitcoin will flourish on he news without getting dumped win win!
Not sure exactly what you are trying to say. Can you please clarify.
is http://aur3.easy-mine.eu/ working? been mining for the better part of 2.5 hours now and not a single payment has been recieved. thier method is PROP.
its only dangerous if there are whales stupid enough to support the dumpage.. that would be bitcoin bearish... else actually positive and bitcoin will flourish on he news without getting dumped win win!
Why don't people wait until after the massive sell-off to buy into this? I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.
At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.
There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.
At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.
There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.
Don't forget that their will be a corresponding spike in Bitcoin sales as they can only cash out their Aurora coins to BTC currently. In order to get $$ they have to then sell their BTC on an exchange. Not saying that all of them will but there will be a trickle down effect. Something to think about.
At the current exchange rate (0.1 BTC) that would equal 1 MILLION BTC if all 10 million Auroracoins are exchanged for BTC and then cashed out. Imagine if you can what this will do to the price of BTC. It will go into freefall as there are not enough buyers in the market to absorb that many sales.
As I don't want to see this poorly thought-out and designed promotion crash Bitcoin, I seriously hope the exchange rate tanks to a miniscule amount before the airdrop. And why the fuck do the people of Iceland get to be handed for free thousands of dollars in crypto coins each that if all cashed out quickly could seriously damage the exchange markets for all cryptocurrencies? Not hating on any Icelanders at all. I just seriously doubt that they give a rats ass about the health of Bitcoin or any other coin and just want the $$. 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.
That's assuming the whole population of Iceland will all immediately claim it. I'm not sure how the airdrop works. But they probably have to claim it individually, yes? I doubt the selling would happen in one single swipe. More likely in waves. So in the first week only 1,000 might claim the coins. then maybe word gets out to more Icelanders about the free money and a few more thousand claim it each week. It might have an effect on the bitcoin market, but I doubt it alone will cause the bitcoin market to go into freefall.
After the first 1000 claim their coins and cash out there won't be any buy support left on the exchanges anyway and the coin will be basically worthless.
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 $$. Aurora coin is useless to them otherwise at the moment. They can't buy anything with it and most will likely fear the government will quickly ban it and will want to get what they can before that happens.
Hopefully I am not the only one who actually thinks this whole thing through to likely conclusion. Go ahead and tell me otherwise. I am sure I will hear from someone that this isn't true and I don't understand economics or free markets or some bullshit. I will tell you what I damn sure understand and that is human greed and how it can totally blind someone to the real facts and potential outcomes of their actions.
As I don't want to see this poorly thought-out and designed promotion crash Bitcoin, I seriously hope the exchange rate tanks to a miniscule amount before the airdrop. And why the fuck do the people of Iceland get to be handed for free thousands of dollars in crypto coins each that if all cashed out quickly could seriously damage the exchange markets for all cryptocurrencies? Not hating on any Icelanders at all. I just seriously doubt that they give a rats ass about the health of Bitcoin or any other coin and just want the $$. 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
That is a valid point. Thank you for correcting me. I want to make sure everyone here understands what you are saying. What you have just said is that basically the first maybe 100 Icelanders to try to completely cash out their 31 odd coins would completely deplete the buy support for Aurora coin on pretty much every exchange that currently offers Aurora coin. This would bring the price to almost nothing.
But I thought the market cap was 100's of millions of dollars? I thought we were giving every Icelander $1000's for free? I thought that we were going to overtake BTC? Does anyone still see a way that this is going to end well? Sure there will be some publicity around cryptocurrencies and the well intended plan to help Icelanders. I can only see the bottom falling out in one way or another. Of course maybe a big whale will come and save everyone.
Why don't people wait until after the massive sell-off to buy into this? I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.
At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.
There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.
At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.
There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.
Don't forget that their will be a corresponding spike in Bitcoin sales as they can only cash out their Aurora coins to BTC currently. In order to get $$ they have to then sell their BTC on an exchange. Not saying that all of them will but there will be a trickle down effect. Something to think about.
At the current exchange rate (0.1 BTC) that would equal 1 MILLION BTC if all 10 million Auroracoins are exchanged for BTC and then cashed out. Imagine if you can what this will do to the price of BTC. It will go into freefall as there are not enough buyers in the market to absorb that many sales.
As I don't want to see this poorly thought-out and designed promotion crash Bitcoin, I seriously hope the exchange rate tanks to a miniscule amount before the airdrop. And why the fuck do the people of Iceland get to be handed for free thousands of dollars in crypto coins each that if all cashed out quickly could seriously damage the exchange markets for all cryptocurrencies? Not hating on any Icelanders at all. I just seriously doubt that they give a rats ass about the health of Bitcoin or any other coin and just want the $$. 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.
That's assuming the whole population of Iceland will all immediately claim it. I'm not sure how the airdrop works. But they probably have to claim it individually, yes? I doubt the selling would happen in one single swipe. More likely in waves. So in the first week only 1,000 might claim the coins. then maybe word gets out to more Icelanders about the free money and a few more thousand claim it each week. It might have an effect on the bitcoin market, but I doubt it alone will cause the bitcoin market to go into freefall.
I got a technical question... generally how fast are Aurora transfer?
I was looking to transfer mine from Mintpal to Cryptsy.
So how long will it take for them to get to my wallet (i know cryptsy transfers are slow already)?
Thanks.
I was looking to transfer mine from Mintpal to Cryptsy.
So how long will it take for them to get to my wallet (i know cryptsy transfers are slow already)?
Thanks.
Can someone help please?
took around 20 minutes for me
Wow I just did it and it took 30 seconds
How many coins can you guys mine per MH/day?
difficulty is super high these days. Coins seems underpriced at exchange if it stays like this. With current difficulty its like 1-2 coins per mh per day.
DOH!
whoa.. released a month ago
Difficulty 6,834.70575879
Difficulty 6,834.70575879
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 $$. Aurora coin is useless to them otherwise at the moment. They can't buy anything with it and most will likely fear the government will quickly ban it and will want to get what they can before that happens.
Hopefully I am not the only one who actually thinks this whole thing through to likely conclusion. Go ahead and tell me otherwise. I am sure I will hear from someone that this isn't true and I don't understand economics or free markets or some bullshit. I will tell you what I damn sure understand and that is human greed and how it can totally blind someone to the real facts and potential outcomes of their actions.
As I don't want to see this poorly thought-out and designed promotion crash Bitcoin, I seriously hope the exchange rate tanks to a miniscule amount before the airdrop. And why the fuck do the people of Iceland get to be handed for free thousands of dollars in crypto coins each that if all cashed out quickly could seriously damage the exchange markets for all cryptocurrencies? Not hating on any Icelanders at all. I just seriously doubt that they give a rats ass about the health of Bitcoin or any other coin and just want the $$. 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
Why don't people wait until after the massive sell-off to buy into this? I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.
At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.
There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.
At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.
There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.
Don't forget that their will be a corresponding spike in Bitcoin sales as they can only cash out their Aurora coins to BTC currently. In order to get $$ they have to then sell their BTC on an exchange. Not saying that all of them will but there will be a trickle down effect. Something to think about.
At the current exchange rate (0.1 BTC) that would equal 1 MILLION BTC if all 10 million Auroracoins are exchanged for BTC and then cashed out. Imagine if you can what this will do to the price of BTC. It will go into freefall as there are not enough buyers in the market to absorb that many sales.
As I don't want to see this poorly thought-out and designed promotion crash Bitcoin, I seriously hope the exchange rate tanks to a miniscule amount before the airdrop. And why the fuck do the people of Iceland get to be handed for free thousands of dollars in crypto coins each that if all cashed out quickly could seriously damage the exchange markets for all cryptocurrencies? Not hating on any Icelanders at all. I just seriously doubt that they give a rats ass about the health of Bitcoin or any other coin and just want the $$. 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.
You make a good point about the morals of creating an expensive giveaway....
However your wrong on both counts.. its all open source and its a good idea.. even if 1% of population keeps their coins its a win for auroracoin and economy.. It will probably be more likely 10% to 20% hodling since price is so high and greed kicks in... its a great way to create loyal followers to create community...
Why do we have faucets?
I got a technical question... generally how fast are Aurora transfer?
I was looking to transfer mine from Mintpal to Cryptsy.
So how long will it take for them to get to my wallet (i know cryptsy transfers are slow already)?
Thanks.
I was looking to transfer mine from Mintpal to Cryptsy.
So how long will it take for them to get to my wallet (i know cryptsy transfers are slow already)?
Thanks.
Can someone help please?
took around 20 minutes for me
I am gonna chime in hear has someone who was here on day one (who admittedly checked out after two days, or I would be fucking rich now). I had my doubts at first but concluded that AUR itself is not a "pump and dump" scheme. However, it appears to be in a period of manipulation, possibly by the like of Wolong. This is not a surprise. The developer of this coin has clearly expressed concern over this and I can tell you as evidenced by the fact that no one took notice of this coin for weeks, the dev has made it clear that he wanted no part in the placement of this coin on an exchange, probably for the very fact of what is occurring now. I will profit of my handful of AUR but must say I would trade it in a second to see this experiment succeed (whatever level that may be). Please, before you scream in this forum that this is a scam, do a little research with your mouse pointer and develop an opinion that is not blinded by your incredulity of "missing the train." I can assure you no one could have imagined that this coin would get this pumped 3 weeks before the drop. I could say more on the topic, but I think people should actually use this little thing we call a forum to search the progression of this coin before calling foul.
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