Topic: [ANN][CACH] CACHeCoin released based on scrypt-jane - page 65. (Read 224425 times)

If you can, please explain But first of all, I want to get the link to the info about 24 hrs limit because it is not in the OP and it's not on fibonacci.io site.
Personally, I didn't loose money. I was happy with the high price and I made some money with cache tbh.



You didn't understand my post. I do not ask why he accepted cache at 0.01 (when that info was published and confirmed by Jasonlee, the cache price went up from 0.001 to 0.005-0.007 in 1-2 days), I read the thread that time and saw that statement several times, but I didn't see that there is any kind of information about the time limit to pay with cache.

That's what I ask for: show me the info about 24 hours limit.

Is there a CPU miner out there ?  I would like to do some tests mining CACHE with CPU power !

It must be posted at least 50 times throughout the Fibonacci thread that they will accept CACHE at 0.01 BTC when pre-orders start... I don't feel bad for anyone who did not at least skim through the thread.  I am very happy with the purchase of my new FIB miner shares at a 40-50% discount.

I could explain it to you but honestly, why spoon feed? If you can't think and see relations for yourself maybe loosing your money will teach you a better than i will ever be able to.

I am sick off everyone who doesn't even care to read and then complains about things that were widely available and known, investing "alot" into something doesn't come with special care, use your brain!

Can you please give a link with the information about limited 24 hrs period about cache 0.01 accept rate? Why there was no info in the OP?

It looks like it was not there on purpose. I think a lot of investors\miners lost 50-100-150% of btc value because of their investments in cache due to that smart trick.
The price was stable for almost 1 month because of your promise to accept cache at 0.01 rate and after the cache price for asics was increased significantly, the market value dropped 2-3 times (please don't tell wierd stories about "bot" that crashed the price using maret manipulations). The whole story looks really shady to me right now.

I just told them that i wouldn't say anymore, let them think for themself at least once 

Ex0-BAMT announced here : https://litecointalk.org/index.php?topic=17659.0

I would not jump to conclusions that the coin is useless. We would not accept it for payment if we were not going to build further value into it. 

You forgot the link to Ex0-BAMT
https://bitcointalksearch.org/topic/ex0-bamt-series-0pen-project-524478

And yes, the value tanked, which was as expected, Fib took orders for a day at a fixed 0.01 CACH/BTC and after that adjusted to market value, since the "discount" vs btc was gone the coin pretty much become useless - thus going down in value in par with all the other coins that have no use - i won't say anymore, everyone can think for himself about that.

Should be about 1:1, but due to hashrate changing quite rapidly it is often way lower or higher than that.


That won't work. Big pool can just mine into 5 separate wallets, once block in one wallet is fond, pool switches to another wallet and mining continues
Could be nice, but it is almost impossible to invent such a limitation that would actually not be easy to cheat and won't affect "small" miners at the same time ...

Better way is to diversify the pools. People now mine on dedicated because they are big, but they have 2% fee and their all time percentage for CACH (106.50%) or their 7day percentage (103.64%), when they have majority of the hashrate is not very good (their pool was unlucky and needed 106.5% of expected time to find a block, thus mining only 94% of coins that would be expected from their hashrate) and can mean either just a bad luck, or possibly a suboptimal pool configuration.

The recent hashrate shrinkage hit them harder than other pools (so they no longer control 90% of the hashrate, but "only" about 65%), so other pools have now chance to gain some miners by offering something better than they have.

There is one pool that offers 0% fees (http://cache.cryptocoinpool.net) and on my pool I have implemented "early payouts" feature - while on other pools you have to wait 520 blocks for your coins, I found a way to pay miners earlier (So if you mine on http://cach.catcoin.cz - you receive the same amount of coins as usual, but you just get your coins (fully confirmed!) earlier - can be quite an advantage if you intend to buy something for the coins, giving you 4 days headstart There is a nice image on http://cach.catcoin.cz explaining how the system works

I hope that early payouts and zero fees will attract distinct group of miners preferring different advantages offered by different pools and in the end the hashrate will be distributed more properly, once more miners will hop in after the diff settles a bit. I hope, at least

Seems CACH grows, go an buy CACH, ya wont see that low value dat soon.

I have 1 question for this coin, what is the planed PoW PoS Ratio i have found nothing about that.
To the point that the coin value is crashing down, its not a wonder couse much peoples have mined the coin to buy miners and now they have spend there coins and fibonaci has to make the coins to dollars so there is a big ammount of coins that needs to get into $. The question is can the coin get back to old highs after this phase or is it stick to the low rates then.

And maybe i have a nice solution for the to big pools problem: Maybe it is possible to allow to get only 1 PoW out of 5 or so. Then its not longer the biggest pool that counts couse a smaller pool in the top 5 gets the same pool earnings and the miners get more for mining on a smaller pool in the top 5. That reduces the overall hash rate a bit but makes the coin even more Multipool secure. Couse even if a multipool puts in 100 Mhs it can only get 1 out of 5 so the lowest hash rate out of the top 5 counts.

It was up because of fibonacci project accepting them at fixed rate of 0.01 btc.

Yep, totally tanked. But it's bot action on Cryptsy. I just hope after they've filled their boots they pump it back up.

I've just bought 50% more than I'd mined.

CACHe going down?   

From $4 to $0.8 in few days? 

I decided to try to do something with dedicatedpool having 90% of the hashrate. As things like saying "please distribute hashrate more evenly" (even if you would write them in 100pt red blinking font) have almost no effect, I had to think about something different.
What would persuade miners to mine elsewhere? 0% fee? No, there is already a CACHe pool with 0% fee and while it is slowly getting users, its growth is slow and having second 0% fee pool won't have probably any significant effect - not enough miners see 0% fee as advantage lsrge enough to join a small pool. The only way would be to somehow offer significantly better services in some aspects (while in other aspects offer at equally good or slightly better services)

So - many complaints on the pool support are about long confirmations. It is 520 blocks. About 5 days. Did the pool owners say that they can't sent the coins earlier and did they babble something about "coin maturity", "unconfirmed" and "impossible"?
Maybe they really can't. But we can and we will!

Mine at http://cach.catcoin.cz and we will simply send you your mined coins much sooner than after 520 confirms - let's just cut down the time and pay miners after mere 90 confirms - approximately one day!

So all miners on http://cach.catcoin.cz will have their mined coins in their local wallets after a day, people mining elsewhere have to wait 4 more days than that to get to their coins. No other pool can currently do that
All miners still get exactly the same amount of coins as usual - but they get them several days earlier!

How is it possible? How does it work:

Pool is using a coin buffer, supplied by pool operators - as long as there are enough confirmed coins in the buffer to pay for oldest unconfirmed block, users are paid.
For every block paid out, the same amount of unconfirmed coins is assigned to the buffer, where they wait to be confirmed.

The new payment system is robust - even if everybody on the pool decides to request a payout of all their funds in the same moment for some reason (price spike at exchanges?),
there would be enough confirmed coins to pay everybody out instantly.

Following picture should explain how it works and you can see the benefit of the new payout system.



Performance:

The performance of the early-payment feature depends on amount of coins in the buffer and on number of found blocks (that in turn depends on percentage of network hashrate).
Considering current situation, the optimistic target of sending coins after 1 day will hold up until about 30 MH/s pool hashrate, after that the delay will gradually increase (the buffer is not infinite and can only cover certain amount of blocks ).
In the absolutely worst case (pool getting somehow close to 100% hashrate in a spike, where there are not much PoS blocks - very unlikely to happen, though) the coins would be paid out still almost a day earlier than usual. At pool having 50% of network hashrate (possibly somewhat realistic scenario), coins would be paid out 2-3 days earlier.
Note that the early payments are capped at 90 blocks (the pool will never pay out blocks earlier than after 90 confirmations, i.e. about 1 day)

Well, after turning the system on, lot of miners suddenly received 4-days worth of mined coins (what a pleasant surprise and of course, from now on, all miners will receive mined coins after only a day of confirming.

Time to stock up on some Cache 

Looks more like bot action on Cryptsy.

Prices are down on Poloniex too. It's just fluctuation.

Looks like someone is deliberately forcing the price down on Cryptsy