[ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 236.

yolocoinswag

newbie

Activity: 18

Merit: 0

Quote from: Sw|ft on February 27, 2014, 11:48:00 AM

I laugh at this coin, and all the people who actually mine it. This is never going to be a boom in iceland? /rip ltc source and give to iceland, even the thought of such would make me embarrased. Haha jeez, the currency is almost banned in many countries already, think!

This slick bastard will eat most of these coins himself for as long as it takes, i call it scam and he has over a month to do his magic with them

its like pandacoin 5.7 Roll Eyes

Sw|ft

newbie

Activity: 56

Merit: 0

I laugh at this coin, and all the people who actually mine it. This is never going to be a boom in iceland? /rip ltc source and give to iceland, even the thought of such would make me embarrased. Haha jeez, the currency is almost banned in many countries already, think!

This slick bastard will eat most of these coins himself for as long as it takes, i call it scam and he has over a month to do his magic with them

KeyserSozeMC

hero member

Activity: 742

Merit: 500

I'm dying.

So, what prices do you math heads see?
In like a month?

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: porcupine87 on February 27, 2014, 11:38:14 AM

Quote from: lemfuture on February 27, 2014, 11:30:03 AM

congrats top 5 @coinmarketcap with $70mil usd. why only 33 pages though?

This is not the marketcap. The market cap is 86 000 coins * price per coin. Maybe a little more. Not one coin of the premined coins is accessible by now. Look at the premined addresses. No coin has moved by now.

So you have 86 000 coins by now and soon there will be - this the plan - 10.5mio. coins at one moment floating the market. This is like, in the end of the month, every American citizen gets 5 bitcoins (x122 of the current supply). Now you can guess what would happen with the price per coin...

It IS the marketcap of all coins that have been mined. The 50% premine AND the current available coins. Do 86,000 x the current price of $6.69 and you will see your math is off

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: lemfuture on February 27, 2014, 11:30:03 AM

congrats top 5 @coinmarketcap with $70mil usd. why only 33 pages though?

This is not the marketcap. The market cap is 86 000 coins * price per coin. Maybe a little more. Not one coin of the premined coins is accessible by now. Look at the premined addresses. No coin has moved by now.

So you have 86 000 coins by now and soon there will be - this the plan - 10.5mio. coins at one moment floating the market. This is like, in the end of the month, every American citizen gets 5 bitcoins (x122 of the current supply). Now you can guess what would happen with the price per coin...

lemfuture

hero member

Activity: 686

Merit: 500

congrats top 5 @coinmarketcap with $70mil usd. why only 33 pages though?

Wit22

member

Activity: 103

Merit: 10

Say it becomes worth 500 million, that's 16.6x return...I suppose.

I suppose 500 mil may be possible given that it'd be like litecoin with far fairer initial distribution.

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: Wit22 on February 27, 2014, 10:48:32 AM

Possible market cap after airdrop?

If all goes well, I expect mid $xxx,xxx,xxx to low $x,xxx,xxx,xxx within one month of the airdrop.

Wit22

member

Activity: 103

Merit: 10

It's an interesting coin. I bought some.

Wish I'd realised it's value earlier... anyone else have any tips for future coins that also have great potential? Let me know or pm me please.

pgbit

sr. member

Activity: 771

Merit: 258

Trident Protocol | Simple «buy-hold-earn» system!

Quote from: Wit22 on February 27, 2014, 10:48:32 AM

Possible market cap after airdrop?

Airdrop is less than a month away. We will soon find out!

Wit22

member

Activity: 103

Merit: 10

Possible market cap after airdrop?

etoque

legendary

Activity: 1988

Merit: 1000

Quote from: asdlolciterquit on February 27, 2014, 10:45:30 AM

Quote from: asdlolciterquit on February 27, 2014, 09:27:21 AM

How many auroracoins i mine for day with 575kh/s?

*

pls

Not much

With 1,4 MH/s Ive got 2,7 AUR/day

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: asdlolciterquit on February 27, 2014, 09:27:21 AM

How many auroracoins i mine for day with 575kh/s?

*

pls

etoque

legendary

Activity: 1988

Merit: 1000

I have got my first 2 AUR for 4,3 $ USD (0,0075) Grin

MaKii

full member

Activity: 168

Merit: 100

"The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014"

i think this will be the biggest dump ever

TiberiuC

sr. member

Activity: 311

Merit: 250

Quote from: jnada on February 27, 2014, 10:38:07 AM

Cryptorush again down.

It's up for me. Probably the people who made the pump and dump also took down cryptorush.

jnada

sr. member

Activity: 310

Merit: 250

Quote from: MaKii on February 27, 2014, 10:35:25 AM

50% premine....omg... Roll Eyes

Please read carefully 1st page, and further explanation you may find on AUR main website. There is no omg.
Cryptorush again down.

MaKii

full member

Activity: 168

Merit: 100

50% premine....omg... Roll Eyes

heskey

sr. member

Activity: 406

Merit: 250

85000*0.01 = 850 (850*BITCOIN = ~$500,000) This is the marketcap of the currently accessible coins. The rest of the 10.5m coins are supposedly going to be used as national currency. As the coins will be spread out nicely (~30 per inhabitant) this should also prevent any big dumps.
The current fiat system in Iceland is collapsing, so most of Iceland's population will probably hodl, and use it as a backup currency. I'd argue that the current price (0.01) relativly low. *Speculation out of control*

As Tyke pointed out: "Iceland's economy has GDP of about $13 billion."
So when the airdrop comes, the marketcap could obviously go to very unpredictable places.

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: Wit22 on February 27, 2014, 10:18:57 AM

Noobs get pumped and dumped. Ha

Wasn't a pump and dump. Cryptorush.in has been down. It came back up and people did an arbitrage. Once things calm back down and people soak in the potential ramifications of this coin and how rare it is, I think we'll see some upward movement again.

Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 236. (Read 506425 times)