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Topic: [ANN][GRS] Groestlcoin | 1st to activate Segwit | Building Lightning Network - page 166. (Read 558212 times)

newbie
Activity: 21
Merit: 0
It is very sad to see a coin with such potential go by the way side. Many reasons are out of our control for various factors but one reason that is the most disturbing is ego.... Not placing blame on either side of this ongoing conversatsion as I don't know the details but from the past few days of reading there is obviously ego in play. As with many other coins ego has always been such an easily avoidable risk factor that seems to be one of the major killers.

If either party has the power to be influential in this coins success I would humbly ask that you put ego aside and attempt to work together. Miners are the ones who get the shortest end of the stick in the end. Knowing the huge losses most GPU miners have taken over the past 6 months should be motivation enough to try to succeed. Coin gains value and popularity everyone wins.

I may be speaking out of place, but based on the last few comments it seems that the conversation has become less about getting things back on track and more about who is right. Just my 2 cents folks. Take what you like and leave the rest.
sr. member
Activity: 266
Merit: 250
I suggested many things to improve GRS, but all were turned down.

Well, that's OK. But don't call me a troll - as I am not for sure.

Suggesting is easy, doing the actual thing is harder.
There was one thing that you said you personally will do for GRS, which is p2pool. And you almost finished it according to your last emails.
But then you said that because I'm not paying you the 20,000 bounty for AMD's hashrate increase in new drivers, that you are done with us.

Then you wrote that you dumped all your GRS (which I presume is why the price got so low).

But you are still here and writing unpleasant things about GRS.

Isn't that trolling?

If you like the algo, go mine Diamondcoin or Atheistcoin. They use the same algo.

PS: ccMiner released new version with massive Groestl speed inrcrease.
member
Activity: 93
Merit: 10
You have a little mistake:
..."the thing" is totally profitable if you like miner put your order at 3000 sat. not for 300....
There have nothing wrong with block reward, market price is not correct if you want day trading.

I just mine. Gimme the right price. 3000 sat? Well, let me see that pump.
hero member
Activity: 742
Merit: 500
Specifications:
  -  POS since block #150,000
how much will POS?
newbie
Activity: 48
Merit: 0
It sounds like your only concern is to mine and dump this coin for short-term profit.

Maybe instead of complaining, you should do something like:

  • Become a merchant that accepts GRS
  • Contribute source code to further the development of the coin
  • Help market the coin to potential investors

Only this will stimulate demand and provide the long term liquidity that we all desire.

Well, regarding these three options:
- for accepting GRS I'd need some sort of payment service (BitPay) and a very liquid exchange. Neither exists.
- contributing source... ... currently I am working on a commercial scale project and in this moment... ...I cannot contribute
- help to market? Well, you are overestimating my influence. I'd market the coin - I am sorry but for marketing you need money, a lot of money... Someone put aside some GRS for marketing? No? That's too bad.

So in summary, you don't want to put any actual effort in. This does not surprise me.


In fact I put a lot of effort in, but noticed that at least for miners - the thing is totally not profitable (sorry, that's not trolling).

I am mainly connected to miners and investors.

Both classes of people want profit.

I suggested many things to improve GRS, but all were turned down.

Well, that's OK. But don't call me a troll - as I am not for sure.

You have a little mistake:
..."the thing" is totally profitable if you like miner put your order at 3000 sat. not for 300....
There have nothing wrong with block reward, market price is not correct if you want day trading.
member
Activity: 93
Merit: 10
It sounds like your only concern is to mine and dump this coin for short-term profit.

Maybe instead of complaining, you should do something like:

  • Become a merchant that accepts GRS
  • Contribute source code to further the development of the coin
  • Help market the coin to potential investors

Only this will stimulate demand and provide the long term liquidity that we all desire.

Well, regarding these three options:
- for accepting GRS I'd need some sort of payment service (BitPay) and a very liquid exchange. Neither exists.
- contributing source... ... currently I am working on a commercial scale project and in this moment... ...I cannot contribute
- help to market? Well, you are overestimating my influence. I'd market the coin - I am sorry but for marketing you need money, a lot of money... Someone put aside some GRS for marketing? No? That's too bad.

So in summary, you don't want to put any actual effort in. This does not surprise me.


In fact I put a lot of effort in, but noticed that at least for miners - the thing is totally not profitable (sorry, that's not trolling).

I am mainly connected to miners and investors.

Both classes of people want profit.

I suggested many things to improve GRS, but all were turned down.

Well, that's OK. But don't call me a troll - as I am not for sure.
member
Activity: 93
Merit: 10
You read economic books too much. There are other factors, too.
Like the PRICE of the coin. And the reward given to miners. And liquidity - it a lot of turnover at exchange.

For example, what helps me, if the price is 'right', but the market is too shallow (i.e. only 0.01 BTC is deep and I have 3 BTC to sell).

It sounds like your only concern is to mine and dump this coin for short-term profit.

Maybe instead of complaining, you should do something like:

  • Become a merchant that accepts GRS
  • Contribute source code to further the development of the coin
  • Help market the coin to potential investors

Only this will stimulate demand and provide the long term liquidity that we all desire.

Well, regarding these three options:
- for accepting GRS I'd need some sort of payment service (BitPay) and a very liquid exchange. Neither exists.
- contributing source... ... currently I am working on a commercial scale project and in this moment... ...I cannot contribute
- help to market? Well, you are overestimating my influence. I'd market the coin - I am sorry but for marketing you need money, a lot of money... Someone put aside some GRS for marketing? No? That's too bad.
hero member
Activity: 658
Merit: 500
It will become even cheaper... Roll Eyes
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.


wrong logic
if a coin become cheaper or not is not determined by the effectiveness of ur miner
value is determined by supply and demand



the amount  (supply) of new coins generated each day is always the same no matter how effective ur miners are

only diff is raising

who earns how much from that daily coins could change if some people upgrade to more effective miners and others dont

but again that have no influence on total supply of new coins on market

it does..

if you can get $100 worth of coins for the cost of $1 worth of electricity per day.. it means you can sell at a price up to 10 times lower than gpus who gain $1 per $1 electricity. the gpus wont be able to sell.

what that means is that the coin can have 10 times less value to someone with larger mining capability to take a larger share of coins per day. thus for them.. they gain alot of money at a much cheaper price.

this is why distribution is important. if everyone only gets 10 coins.. they would rather wait till it reaches $1000 value to sell. but iv everyone only gets 10 and i get 10,000 per day.. i dont have to wait. and that is the problem with asics.. alt crypto is not ready for the greed associated with asic power and the asics do not value their mining as an investment.

funny thing is because they can control the majority of the coins they can withhold from the market and create scarcity while the price rises with new investors. they can then just sell a little at a time for days, weeks or months and cashout a decent profit each day with only a small amount of coins without crashing the market. they would get 10x more profit because of it. but theyre not very smart.. or patient.
newbie
Activity: 21
Merit: 0
I too am a GRS fan but unable to mine these days due to the loss of profit. I hold about 100k for future investment but have moved on to mine more profitable coins to pay the bills. I think a merged mine option would be HUGE for any coin that comes on board. I have focused on a merged mining solution that actually has 3 coins together (won't mention the names out of respect for the GRS thread) but would kill to be able to come back to GRS with the low power Alg. What is keeping a startup from coming along and using the GRS alg and releasing 3 or 4 new coins at once that share the same blockchain as to allow for say quad merged mining? Granted all 4 coins would be new and need to be pitched to the exchanges but isn't that a possible threat? I would like to see GRS set merged mining as a high if not highest priority. That is a move that would make it possible for me to return to mining one of my favorite coins. Until then, unless the price magically runs up I fear that along with many many other small miners I won't be able to mine this great coin. It sucks guys, but in the end 99% of us are in this for the money and will follow that dragon where ever it goes. Merge this coin, which increases profit for miners and you will see more interest. Still love the coin Smiley
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds

You read economic books too much. There are other factors, too.
Like the PRICE of the coin. And the reward given to miners. And liquidity - it a lot of turnover at exchange.

For example, what helps me, if the price is 'right', but the market is too shallow (i.e. only 0.01 BTC is deep and I have 3 BTC to sell).

sorry u are wrong

if supply is constant then the only factor that set the price is demand

wana have higher grs price create demand
give people a reason to wana have more grs

we at diamond create demand in this first step by the reason that owing diamonds enable u to produce new diamonds

which is in our case with high 50% POS really a good reason to gather up some diamonds

newbie
Activity: 45
Merit: 0
It will become even cheaper... Roll Eyes
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.


wrong logic
if a coin become cheaper or not is not determined by the effectiveness of ur miner
value is determined by supply and demand



the amount  (supply) of new coins generated each day is always the same no matter how effective ur miners are


You read economic books too much. There are other factors, too.
Like the PRICE of the coin. And the reward given to miners. And liquidity - it a lot of turnover at exchange.

For example, what helps me, if the price is 'right', but the market is too shallow (i.e. only 0.01 BTC is deep and I have 3 BTC to sell).
Grin Grin
Liquidity is the determining factor in the choice of a medium of exchange.
In order for GRS to show that it crossed the critical mass, its level of liquidity would have to satisfy the full demand for GRS (i think GRS do that).
Bitcoin Liquidity was low in 2011 ,low price being accompanied by high liquidity could be interpreted as a solid economic foundation. (economic books ).
 The adoption of GroestlCoin, and thus make the evolution into money more likely. Whether, or to what extent,depends on the strength and exibility of the
GRS ecosystem, the level of regulation, the emergence of  competitors (Like profitability of AltCoin based on gorestl Grin)

member
Activity: 93
Merit: 10
It will become even cheaper... Roll Eyes
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.


wrong logic
if a coin become cheaper or not is not determined by the effectiveness of ur miner
value is determined by supply and demand



the amount  (supply) of new coins generated each day is always the same no matter how effective ur miners are


You read economic books too much. There are other factors, too.
Like the PRICE of the coin. And the reward given to miners. And liquidity - it a lot of turnover at exchange.

For example, what helps me, if the price is 'right', but the market is too shallow (i.e. only 0.01 BTC is deep and I have 3 BTC to sell).
member
Activity: 93
Merit: 10
pos+pow is great idea.

but decreasing the rewards too much. now we have a lot of furious miners leaving for more profitable coins. and who can blame them.

No, miners just want profit, when GRS became profitable again they will all come back like nothing happened.

Well, Nekomata, it's not that easy. Many coins look profitable, but there is no liquidity - i.e. I cannot sell 2-3 BTCs without sinking the price considerably. There are many other conditions, which are taken into account for the miner.

BTW, liquidity of GRS is very bad.

Thus - once the coin is off track - it's difficult to put it on track. Yes, it would help if these GRS guys would pump the price tenfold. They are naive thinking that the price will pump by itself.
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
It will become even cheaper... Roll Eyes
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.


wrong logic
if a coin become cheaper or not is not determined by the effectiveness of ur miner
value is determined by supply and demand



the amount  (supply) of new coins generated each day is always the same no matter how effective ur miners are

only diff is raising

who earns how much from that daily coins could change if some people upgrade to more effective miners and others dont

but again that have no influence on total supply of new coins on market
legendary
Activity: 2716
Merit: 1094
Black Belt Developer
where is child_arnold? I miss his positive posts! ;-)
hero member
Activity: 978
Merit: 506
It will become even cheaper... Roll Eyes
...the announcement has been made that killer-groestl (ccminer enhancement for easy mining) may be released soon.

I will try to mine this coin and see how it will perform.
newbie
Activity: 6
Merit: 0
Now the price is very cheap, you can buy some. Cool
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
I also see users moving from GRS to DMD in the pools, do you want to loose all the miners? :-)

we dont need ur miners Wink
attracting more insta-selling people what would that add to a coin?
but every investor or miner who hold coins is helping yes

regarding dmd/grs merged mining i see srcxxx removed the bounty from your ANN posting
so i guess their priorities changed

we from diamond foundation are still open for talks in that area
but our last contacts did look like we have different ideas about how to realize it

hero member
Activity: 978
Merit: 506
So cheap Shocked
Tongue We did not find that the benefits of GRS

There was never much benefit to GRS anyway. I tried hard to find it - but naaah. No benefits.

bbbbbb2014!

Stop trolling us!


As a miner with *many* cards 280x (I'd reveal more than 50) and as much as many cards 5850 (I'd also reveal more than 50) - I am no troll. I measure the consumption of electricity and I daily monitor what is worth mining.

When dwarf's hash rate went down from 4 GHash to 3 - well, that was me.

I tried hard to find a value in GRS. But I am unable to. Currently some other coin is several times more profitable. You think the value of GRS will rise. So far - it did not.

When you said, the value of reward goes down to 25 GRS. Who on Earth will mine that? And the POW+POS. So in fact, someone is getting coins without any mining. Been smokin' somethin'?

Some coins would *KILL* for hash rate. Well, it seems that's not a priority for you.

Forget the bounty. You should give it - but you decided not to. You should not change the rules, when a bounty payout time comes.


Look Cheesy

[ANN][ATH] ATHEISTCOIN | DGW3 | GROESTL-based

https://bitcointalksearch.org/topic/annath-atheistcoin-dgw3-groestl-based-634474

[/quote]

This is not so good promo for groestl algo.  Tongue
member
Activity: 82
Merit: 10
Can someone please tell the power consumption for R9 290 mining Groestl algo at stock settings? Thanks

Anyone?
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