the basic problem with this coin is that is generates so little on a daily basis in terms of value... perhaps $30 USD
now you take a look at Viacoin which generates about $2,304 per days in terms of value.
now I take a look at my personal hashing power and it would be rediculous for me to mine this coin and make about $15/day when I could mine Viacoin and make about $50/day
face it guys - the people with GPU's are mining X11 coins that pay much higher.
You should have made the block reward about 10 to 20 coins and attracted the asic miners because the GPU guys are not going to mine his coin any longer.
who care if you're not going to run out of coins for 1,000 years or something - none of us will be around anyway.
just my humble .02
We are hurting in regards to price, yes.
Mined coins runs out in "x" amount of years, yes.
This coin is ultra-rare (~106k CGA mined over last 7 months), and once the swap is over, things will turn around, especially when 1billionhex comes out. 1billionhex is the main reason cga held its price of .001 back in June. Then the dev "moved". At least CGA is still listed on polo through all of this. CGA would have been done months ago if not for honeybadger and more recently the Diem devs.
We have to finish the swap first before we can think about moving forward. Now is the time for brainstorming, if anything.
Raising the reward doesn't do anything for us except securing the low prices we have now and possibly lowering the price further. Miners dump. it's a fact, they want profit now and not long-term thinking. Raising the price will help us, and to do that, we need 1billionhex updates, or other services.
I just think you guys went about the whole 'rare' thing the wrong way. 42 got it right the way they did it...
no one cares about if the coin will be around 100 years from now - everyone is short sighted and want something they things has value - even if they choose not to sell it. I think you'd be surprised at the increase in activity if you raised the reward to 10 or 20.
"no one cares about if the coin will be around 100 years from now" -- It provides sustainability for mining versus just mining for TX fees.
I'm with halofire the point of these revivals is to bring sustained value within all of our coins. That being said rare coins have alwasy had their value. But we do need to create a buying pressure or need for this coin besides profits it self.
And for the buying pressure, we need a few things:
1: the swap to finish
2: PR campaign using 1 billion hex as well, can't solely rely on the game even though Noble went underground when UK made their law decisions -- which were being ratified last I knew.
3: if no game, CGA needs merchants and more "something" to draw attention.
4: Possibly a buy up campaign? maybe offer a sale for half price for some of the undestroyed V2 premine as a bonus to THOSE PEOPLE ONLY buying cga off the exchanges, proven with screenshots and wallet messages? (I'd still like to see ~2000 destroyed, reminder... haha
) then we could use that BTC for some buy support or other services or whatever. This way adopters of CGA will get 1.5x the amount of CGA for the prices at exchanges. True, they could sell, but if we start gaining steam here in the forum and with innovation or services, then why can't CGA reach those awesome prices of 100k-130k satoshis or even half, dissuading those 1.5x investors from selling for a long time.
I'm telling you... if cga is around for 1 billionhex.... that will create the moonshot. and I don't ever say "to the moon..." but from my diablo 2 experiences with people buying items with FGS (the forum based currency for diablo2, not an actual crypto), then absolutely cga will skyrocket. It alllllll depends on what items are associated with/represented by CGA. Since CGA is so rare, I assume CGA would be used for the rarest items in the game. If people own actual CGA outside of the game, they could pay for the item in CGA and trade in forums!!! This is why the game is so crucial.
I was told by Noble that CGA would be used for large purchases (planets, moons and such) but that might of changed, I have not talked to him for sometime. I have been thinking of selling
penrose triangles made of wood (sanded, stained, finished, and of different types of wood).
In case you didn't know:
The reason I stepped back from CGA (but was never really gone) is because I had a lot of life events going on at once. I lost the time I had sitting here on the computer (partially because when I created CGA I was unemployed and now I am not), I moved twice, was the "best man" at my brothers wedding (which I had to help set up
), and now I am 100 miles from home laying down custom hardwood floors in the mountains. I am here still and (as promised to a few members) will be the last one here if CGA ever dies.
SO, In a few weeks I might start making those penrose triangles. I have one already, made out of pine that was "reclaimed" from an old tobacco barn somewhere in the midwest (USA). Once I start making these I will sell them for 1 CGA each regardless of price.
But now they are safe in my v2 wallet.
