[ANN][ELITE] EliteCoin - Only 20k ELC! - NO PREMINE! X11 POW+POS - *BITTREX!* - page 27.

ocminer

legendary

Activity: 2688

Merit: 1240

Quote from: gigabyted on July 23, 2014, 12:25:27 PM

Quote from: ocminer on July 23, 2014, 12:21:45 PM

This is one of the funniest threads for long time.

- People are complaining mining this coin costs more than the coin is worth

Well this is just the way Altcoins are :-) You mine them when it makes sense and you stop and sell them when they lose worth :-)

- Change the block reward so that mining makes sense again

Wait .. If they change block reward - how long will it last ? Until the first blocks are paid out and the people are dumping again ...
What then ? Again higher reward ??! :-)

Guys.. seriously.. Get over it

loool

Amen, stick with the original plan, dont change the rule of the game once it's started. let early adopters be what they are, if they mined at first at a very high cost and now the rental price is declining, then its their problem to deal with. You must think and act in consequence. If you made bad decisions learn to live with them!

+1

Thats life..

This was a X11 coin, it was doomed for people with "money to rent lots of hash" right from the start..

If you want something to mine, look for Fresh, Qubit, X15 (partly) or Whirlpool.

magrospic

full member

Activity: 299

Merit: 100

Quote from: sushipooo on July 23, 2014, 12:19:58 PM

Quote from: EliteCoin on July 23, 2014, 11:40:41 AM

Quote from: whatdidshedo on July 23, 2014, 11:39:03 AM

Quote from: EliteCoin on July 23, 2014, 11:35:02 AM

I don't think it would be a good idea to mine only 3000 ~ 5000 blocks for a total of 20k ELITE. At least for us.
Remember that we wanted to do something different, and that's why we decided for 2 weeks of mining with only 1 ELITE reward per block.

The problem is that people want to mine everything and sell, in two days.
In long-term, the price of our coin might go up and it could be really valuable.

then stick with what you proposed, i like that you are looking for the long run unlike these 1 week in existence coins, you are the boss it's your coin

I know, but we also want to hear the community! So we'll be watching that poll and comments. But please discuss here, so everything is in one topic.

Hey bro, if you keep changing everything to fit the needs of the few flambois, this coin will crash and burn fast as shit. Just do what YOU think is best. Tell everyone else to F off. if you are wishy washy then confidence will absolutely disappear.

+1

gigabyted

hero member

Activity: 906

Merit: 500

Quote from: ocminer on July 23, 2014, 12:21:45 PM

This is one of the funniest threads for long time.

- People are complaining mining this coin costs more than the coin is worth

Well this is just the way Altcoins are :-) You mine them when it makes sense and you stop and sell them when they lose worth :-)

- Change the block reward so that mining makes sense again

Wait .. If they change block reward - how long will it last ? Until the first blocks are paid out and the people are dumping again ...
What then ? Again higher reward ??! :-)

Guys.. seriously.. Get over it

loool

Amen, stick with the original plan, dont change the rule of the game once it's started. let early adopters be what they are, if they mined at first at a very high cost and now the rental price is declining, then its their problem to deal with. You must think and act in consequence. If you made bad decisions learn to live with them!

ocminer

legendary

Activity: 2688

Merit: 1240

This is one of the funniest threads for long time.

- People are complaining mining this coin costs more than the coin is worth

Well this is just the way Altcoins are :-) You mine them when it makes sense and you stop and sell them when they lose worth :-)

- Change the block reward so that mining makes sense again

Wait .. If they change block reward - how long will it last ? Until the first blocks are paid out and the people are dumping again ...
What then ? Again higher reward ??! :-)

Guys.. seriously.. Get over it

loool

sushipooo

member

Activity: 84

Merit: 10

Quote from: EliteCoin on July 23, 2014, 11:40:41 AM

Quote from: whatdidshedo on July 23, 2014, 11:39:03 AM

Quote from: EliteCoin on July 23, 2014, 11:35:02 AM

I don't think it would be a good idea to mine only 3000 ~ 5000 blocks for a total of 20k ELITE. At least for us.
Remember that we wanted to do something different, and that's why we decided for 2 weeks of mining with only 1 ELITE reward per block.

The problem is that people want to mine everything and sell, in two days.
In long-term, the price of our coin might go up and it could be really valuable.

then stick with what you proposed, i like that you are looking for the long run unlike these 1 week in existence coins, you are the boss it's your coin

I know, but we also want to hear the community! So we'll be watching that poll and comments. But please discuss here, so everything is in one topic.

Hey bro, if you keep changing everything to fit the needs of the few flambois, this coin will crash and burn fast as shit. Just do what YOU think is best. Tell everyone else to F off. if you are wishy washy then confidence will absolutely disappear.

Cptdeathlok

newbie

Activity: 1

Merit: 0

Selling 1 Elitecoin .1btc you go first Grin

daeminium

sr. member

Activity: 448

Merit: 252

Quote from: Marvell1 on July 23, 2014, 12:16:04 PM

Quote from: rugrats on July 23, 2014, 11:57:58 AM

Quote from: EliteCoin on July 23, 2014, 11:28:05 AM

Quote from: Rage19420 on July 23, 2014, 11:24:36 AM

Quote from: EliteCoin on July 23, 2014, 11:23:35 AM

Quote from: MartinF on July 23, 2014, 11:20:19 AM

I've opened a poll
https://bitcointalksearch.org/topic/elite-pow-phase-blocks-707223

We were going to edit this official ANN and add a poll about that, but well, thanks.

Why the rush to end it so early?

We want the original plan:
20k blocks - 20k ELITE.

But a lot of people are complaining that the cost of the mining is way more than what they might earn.

My options would have been 10k blocks, 15k or 20k for the poll.

But we'll let the community decide!

Not a lot of people - just a few who rented rigs.
If you offer coinholders the chance the cut down the number of future coins, of course we will say yes - but it will destroy the long-term credibility of the coin.

I also voted for the original , hopefull the hash rate drops as the farms move to other coins this weekend and others can get more than .005 coins per day lol

x2

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: rugrats on July 23, 2014, 11:57:58 AM

Quote from: EliteCoin on July 23, 2014, 11:28:05 AM

Quote from: Rage19420 on July 23, 2014, 11:24:36 AM

Quote from: EliteCoin on July 23, 2014, 11:23:35 AM

Quote from: MartinF on July 23, 2014, 11:20:19 AM

I've opened a poll
https://bitcointalksearch.org/topic/elite-pow-phase-blocks-707223

We were going to edit this official ANN and add a poll about that, but well, thanks.

Why the rush to end it so early?

We want the original plan:
20k blocks - 20k ELITE.

But a lot of people are complaining that the cost of the mining is way more than what they might earn.

My options would have been 10k blocks, 15k or 20k for the poll.

But we'll let the community decide!

Not a lot of people - just a few who rented rigs.
If you offer coinholders the chance the cut down the number of future coins, of course we will say yes - but it will destroy the long-term credibility of the coin.

I also voted for the original , hopefull the hash rate drops as the farms move to other coins this weekend and others can get more than .005 coins per day lol

optigon

sr. member

Activity: 340

Merit: 251

Quote from: EliteCoin on July 23, 2014, 11:23:35 AM

Quote from: MartinF on July 23, 2014, 11:20:19 AM

I've opened a poll
https://bitcointalksearch.org/topic/elite-pow-phase-blocks-707223

We were going to edit this official ANN and add a poll about that, but well, thanks.

no chance for block halving?

nfox

sr. member

Activity: 462

Merit: 250

Bittrex on the way?

syrota

sr. member

Activity: 300

Merit: 250

I understand that only complain about those who have buried the money loaned to the hope of a quick profit. A primary audience agrees to continue to keep their power on the extraction. I continue. And you? Grin

mchelopao

full member

Activity: 178

Merit: 100

now in bittrex, buy 1 elite x 1 btc

BoyHowdy

member

Activity: 70

Merit: 10

Don't change anything.

Changing the rules after the race has started is about the shittiest thing that can be done.

Let this be a lesson to the wannabe whales, the instamine with rented rigs game is done, everybody is on to it.

I feel for you guys that got scalped on the rental fees but that is the way the cookie crumbles.

BoyHowdy

member

Activity: 70

Merit: 10

Quote from: KeyserSozeMC on July 23, 2014, 10:56:05 AM

I've mined 9 ELITE so far. I quit Grin

Mutio bom. Now maybe my 4mh can dominate. Roll Eyes

rugrats

sr. member

Activity: 700

Merit: 250

Vave.com - Crypto Casino

Quote from: EliteCoin on July 23, 2014, 11:28:05 AM

Quote from: Rage19420 on July 23, 2014, 11:24:36 AM

Quote from: EliteCoin on July 23, 2014, 11:23:35 AM

Quote from: MartinF on July 23, 2014, 11:20:19 AM

I've opened a poll
https://bitcointalksearch.org/topic/elite-pow-phase-blocks-707223

We were going to edit this official ANN and add a poll about that, but well, thanks.

Why the rush to end it so early?

We want the original plan:
20k blocks - 20k ELITE.

But a lot of people are complaining that the cost of the mining is way more than what they might earn.

My options would have been 10k blocks, 15k or 20k for the poll.

But we'll let the community decide!

Not a lot of people - just a few who rented rigs.
If you offer coinholders the chance the cut down the number of future coins, of course we will say yes - but it will destroy the long-term credibility of the coin.

syrota

sr. member

Activity: 300

Merit: 250

I voted for the 20000. Because I have my 20 Mhsh and the opportunity to get a coin at a time when tenants are blown away. Grin

Rage19420

hero member

Activity: 672

Merit: 500

Quote from: EliteCoin on July 23, 2014, 11:35:02 AM

I don't think it would be a good idea to mine only 3000 ~ 5000 blocks for a total of 20k ELITE. At least for us.
Remember that we wanted to do something different, and that's why we decided for 2 weeks of mining with only 1 ELITE reward per block.

The problem is that people want to mine everything and sell, in two days.
In long-term, the price of our coin might go up and it could be really valuable.

Fuck them, keep with the plan. Let the grifters fall off early as they only want to dump as soon as they can.

optigon

sr. member

Activity: 340

Merit: 251

Quote from: KeyserSozeMC on July 23, 2014, 10:56:05 AM

I've mined 9 ELITE so far. I quit Grin

nice, will buy for 0.3BTC

Shadow_Runner

hero member

Activity: 574

Merit: 500

Boss without community is nothing.

EliteCoin

newbie

Activity: 28

Merit: 0

Quote from: whatdidshedo on July 23, 2014, 11:39:03 AM

Quote from: EliteCoin on July 23, 2014, 11:35:02 AM

I don't think it would be a good idea to mine only 3000 ~ 5000 blocks for a total of 20k ELITE. At least for us.
Remember that we wanted to do something different, and that's why we decided for 2 weeks of mining with only 1 ELITE reward per block.

The problem is that people want to mine everything and sell, in two days.
In long-term, the price of our coin might go up and it could be really valuable.

then stick with what you proposed, i like that you are looking for the long run unlike these 1 week in existence coins, you are the boss it's your coin

I know, but we also want to hear the community! So we'll be watching that poll and comments. But please discuss here, so everything is in one topic.

Topic: [ANN][ELITE] EliteCoin - Only 20k ELC! - NO PREMINE! X11 POW+POS - *BITTREX!* - page 27. (Read 80331 times)

Topic: [ANN][ELITE] EliteCoin - Only 20k ELC! - NO PREMINE! X11 POW+POS - BITTREX! - page 27. (Read 80331 times)