Topic: [ANN][EAC] EarthCoin *SEEKING NEW EXCHANGES - HUGE VOLUMES BEING MISSED! - page 278. (Read 840369 times)

Indeed I am.

That looks really good! Has nothing to do with EAC per se?

http://www.cryptoarticles.com/crypto-news/2014/1/14/scam-avoid-instant-wallet-for-earthcoin

just a heads up

Are you referring to http://incryptex.com/?

Cheers for your input, Its good to see someone with such a well thought out strategy laying it out for the less experienced miners.
I agree with what you said , particularly the part about the switching pools, these are a blight on the whole crypto movement and represent a cheapening lazy approach that we could well do without.
as we have seen thus far the evolutionary principle is powerfully at work in the crypto world so  I expect the wheat to be sorted from the chaff in short order this year as there really is so much chaff out there!
Lets hope that this process includes the profit switching pools as well.
The crazy goldrush we have seen recently is most certainly turning sour for some of our less patient peers as evidenced by the ironically doom laden prophesies based on minute by minute analysis of the exchange rate,(is there anyone who does Not have AtlantisPlatform in ignore? lol)
anyhoo good stuff,
My feeling is that long term the delayed crypsy launch will prove a positive for EAC as it seems to have hastened the weedling out of the weakwilled dumpers and newbies who have no idea how to work thier investments.

What happened to that Trading Software screenshot at http://getearthcoin.com/?

Why it has been removed?


And, no I'm not talking that about Android/iOS app (MIA also?), but rather professional looking software that has been advertised.

Don't forget that EAC was already on two exchanges and there was a rally up to nearly 1000 satoshis. And with the hype there was absolutely no question whether it will go on cryptsy, so the prices were already adjusted to a level like it was already on cryptsy.
I am no prophet. I don't know where the lowest price will be. I thought it would be at 350, then I thought at 200, hm. But I always knew that Cryptsy would not change the price! Everyone who thought different doesn't know how the price mechanism works...

My point exactly

You being too scared(cautious?) to buy at 140 somtehing.

Two of us are the same - I'm not dumping anything, and you're not buying anything.

Clasical DeMarketing (oposit of marketing) for EAC!
Dont give a f what your wife (or your boy) said , i also have 7 active acount, so plese report this coment also
WTF do you want to prove in that fake giveaway (aka takeaway) nobady will send nothing to U, you are only crating bad rep for EAC
I WOULD SUGEST FOR ALL PEOPLE IN THIS GROUP TO REPORT HIM
He is only doing harm for the coin!!!

1. It is "send" and "receive". I tried it with Danish and Spanish, too. There is no problem. But with German you are right!
2. What more do you want to have on the web page?

But I don't know what they are doing all the time. I am interested how they spend there premines for bounties or do they just wait and spend it later when it is worthier?

I'm laughing when you say 146 is too low and if I don't buy for that price I don't believe in EAC..

I believe I can buy for better price and I will buy for better price. If you are scared and can't stand market speculations, you can dump everything. Someone will buy it, don't worry.

Really Mr Minerman? You wonder where all the naysayers come from after reading some of the vitriol and hatred you spewed at me, a miner who wanted to make a profit?? I think I might be able to shed some light on where all the naysayers came from. They were always here, they were just like me, miners who wanted to be able to sell at a profit so they can pay the mining electric bill and some return on equipment costs. They watched as you and your cohorts tore into me, calling me a loser and an idiot, asking if I bet the farm on crypto all because I expect mining to pay for itself.

They watched as people said anyone who just wants to mine and sell is basically a  lowdown tree killing, vege hating piece of trash. You and people like you, a group of shortsighted nitwits decided to hijack earthcoin from the dev's original vision and turn it into a green earth, tree hugging, carrot growing, profit hating, miner dumping haters ALL WHILE ALL THESE NAYSAYERS WATCHED!!!!

I knew we were in trouble the minute the dev of this coin said he wasn't sure he liked the idea of people pushing for cryptsy early on. OMG, THAT is when I signed up for my forum account, after lurking for so long I simply had to voice my opinion a bad move, such a shortsighted coin killing move. It was a bad move. But people here, in their feverish pitch to plant trees, grow carrots, feed elephants, deliver meals to god knows where, (and has even one stinking tree been planted yet??) stoned me to death in the town square for daring to say I was only in it for the profit, and had no interest in growing vegetables, how dare I say I expected a profit for mining this coin!!!

I don't know about you tree huggers in here, but when I think about mining a new coin or investing in one, I read that forum for that coin. I look to see the mood in it, I was surprised that you treehuggers/minerdumpinghaters in here were so willing to beat to death a miner of this coin, who without people like myself would die, and it is.
This group of vege/treeplanters/greenearthers took over this coin and you turned it into this greenearth mandate. The dev didn't start out that way, you have even changed the logo into your greenearth one. I see it on coinmarketcap, he had a logo he liked and you  forced him to change it, to fall  in line with this coin being a profit free green coin.

The dev himself asked me what my beef was, did he tell this group of frothing idiots to back off miners who were mining his coin for making a profit, NO, he lent his support to the haters of miners. NOW YOUR COIN IS DYING.

@coingirl, please be real, I am sorry you bought at 450, if you had read what I posted in here many posts ago, you would have seen I predicted cryptsy would get it to 400 and then it would fall back to the low 200's. Then I predicted it would fall to 170 or so by thursday, I was wrong, we hit that yesterday. I further predicted we would hit 150 in a week, we hit that yesterday, again I was wrong. THIS COIN WILL NEVER BE 450 AGAIN yet alone 800. Believe me. There is nothing, no reason for it to go there. We are heading sub 100 very soon.

I was mocked and told I had the mentality of a 16 year old for thinking price falling was bad and that price going up is good. WHAT!!!?? Yes, I do think that, so to the mental midgets who said that, do you still think market value going down is good? I don't, I guess I have a 16 year old mentality, wth is yours?? The main theme in here is price is of no issue, we do not care about getting on cryptsy or making a profit, we only care about vegetables and greenearth crap. Greenearth crap is great, just not in a crypto at this time whenmost all of us WANT PROFIT, WE LOVE PROFIT, PROFIT IS GOOD THING, PRICE GOING UP IS GOOD, That is my motto, sorry I picked the wrong coin. This coin is dying, you waited too long to get it on cryptsy, you bashed miners who want to make a profit. YOU TREEHUGGERS, PROFIT HATERS, AND SHORTSIGHTED DEV, YOU KILLED THIS THING.

If the price falls below 100 satoshis, EAC will be considered dead effectively. At the moment it is not worth mining because the profit is too low compared to other altcoins

just opened my first alt coin store

feel free to purchase using earthcoin

http://earthcoin.z80.us/store/

The way I look at it is that rent and electric run about $65 / day for my 10 rigs holding a total of 60 GPUs. My numbers are a little different than for an at-home miner because the industrial building that I'm in gets commercial rates of < 10c / kWh, but the principle scales reasonably well regardless. For round numbers you can call it $2,000 per month in expenses.

Currently I can mine LiteCoin for a fairly safe and predictable $250 per day, so that's what I spend 8 days of each month doing. That way I know that the input costs are always covered each month, and I'm not dreading the rent and electric bills arriving. This is what I call the boring bill-paying stage of the month.

Then a couple of weeks can be spent on building up stakes in what I think of as promising Tier 2 coins such as WDC, TAG etc. Coins that have been around for a timeframe measured in months and that seem to have a bright future e.g. WDC and the Scharmbeck WDC/USD facility that is in beta. This is what I call the investment part of the month.

Finally the remaining week to ten days can be used to mine promising new coins. I prefer those that have been around for a couple of weeks, are on at least one and preferably two small exchanges (just in case), and have active development plus strong communities. Recent candidates have been LOT and EAC. The thinking here is that it's possible to build up a large position very quickly due to low difficulty levels, and that those positions can be locked away with no price stress because the main goals for the month have already been met. This is what I call the speculation part of the month.

Sometimes it pays off big and much faster than expected. For example in December I spent a while mining LOT and accumulated 22 million of them. When they hit Cryptsy and the volume was there to average out at 62 Satoshis (compared to a range of 15-30 pre-listing) it was too good to ignore. That was my most profitable week of mining by a long way. Sometimes the payoff is a lot further in the future as seems to be the case with EAC. That doesn't mean that it was a bad decision, or that the coin is a loser. And even if a losing horse is backed now and again, so what? It should only be a risk position to start with.

EAC launched into a very difficult environment for alts. Even some of the bigger, more established coins have seen haircuts of 30-40%+ in their market caps over the last 2-3 weeks. Add an influx of new miners with the attention span of a goldfish, or more likely who went out on a limb buying hardware with borrowed funds that they're under immense pressure to pay back, plus a seemingly neverending parade of trashcoins with no innovation behind them whatsoever, and the rise of behemoth auto-switching auto-exchange pools that will eventually kill themselves, and you have the perfect storm of a crappy market environment.

It won't last forever. Some of the new influx of miners will make it, others will see that the days of $20 per MH/s per day are no longer there and will fold. Natural selection at work. The constant launch of trashcoins will die off as more and more of them fail in spectacular fashion like CAGE. Apologies to anyone reading this who spent their time on such a ridiculous concept, but I literally laughed my ass off when it launched on CoinedUp only to be greeted by zero buy orders. I also breathed a sigh of relief as it was the first indication that trashcoins are starting to be treated as such. There will be a period of adjustment while the wheat is separated from the chaff among the last month of launches, and that's fine. Coins that deserve to make it will, and the others will die a deserved death. I firmly believe that EAC is in the former camp.

I could go on for several screens-worth of typing about the auto-switching auto-exchange pools and the damage that they do to the markets, nevermind to their own users' profitability, but I won't. Suffice to say that they will collapse in on themselves and deservedly so. You have the biggest one needing to spend most of its time mining LTC because it's simply too big for anything else, and that of course begs the question of why you would pay someone 3% + exchange fees to mine something that you could mine yourself for far less. Those are the kinds of lazy miners who IMHO will get bored with making < $10 per MH/s per day and quit rather than making decisions for themselves. Add in certain pool admins who exit their large positions with all the grace of a rutting rhinocerous (really, if you have for example 12,000 of a coin to sell then do it in 500 coin blocks throughout the day - it's better for your users and the markets than hurr durr hit the sell button all at once) and the lazy / incompetent will disappear eventually. I also think that more and more up-and-coming coins like EAC will use the difficulty-adjustment-per-block approach that makes them a nightmare for those pools. Other deserving coins will gain so much hash rate as the trashcoins die out that the pools won't have the same effect as they do right now when the total hash rate is spread so thinly.

So when I threw the line out about not relying on a 2 week old coin to pay the electric bills, this was the thinking behind it. Treat your business like a business and don't assume that an untested new product is going to pay the bills. That's what established low risk / low reward coins should be used for. And for those who say that EAC at 200 Satoshois wasn't worth the cost to mine it, I'd love to see the math behind that. I was getting around 170,000 per day when the difficulty was in the 20s and 30s which at 200 Satoshis would be 0.34BTC per day, or $280ish at the current CoinBase sell price. For that claim to be even remotely realistic would require an electric rate of about 40-45c per kWh. Please show me another business where the "failures" return a 75% profit margin for very little effort? No really, please?

Flame suit on  

Look good!Interested!!

Relax. Buy some more at 60 satoshi and watch things grow.

lol, where are all the faggots who were screaming that at 600 satoshi it's the last chance to buy? "we are going to be listed on cryptsy, woohoo" 

replaced

what do you mean dawg

So how long until EAC/BTC is replaced with EAC/LTC or EAC/XMP on cryptsy?  

so what's stopping you?

146 price at cryptsy is too HIGH for you?
so you don't believe much in EAC?

me, I'm laughing, but it's more leik this