Topic: [ANN][KARM] Karma / ₭ / X11 - page 211. (Read 583120 times)

just looking at the difficulty thinking whats going on here...

then i just checked coinwarz for something to do.. oh

This pool has too much hash rate:
https://www.multipool.us/stats.php?curr=karm

This is one reason we should attract more miners.
And also encourage the usage of P2Pools.

More miners usually equals hashing power more well distributed.

More miners usually equals hashing power more well distributed.

its definitely worth looking into, the larger you go the cheaper it is.
If you are off grid then you also need to buy battery banks etc to store the power so you can run over night.
but most people use ON grid i.e. grid connected systems where they can use the power from their power company at night and then give power back during the day.

or solar panels kits you should be looking at about $1 (or less) per watt..

note a 400W system would not be anywhere near enough to power a fully loaded mining rig. but you could power a few gridseeds with it.

Good job!

In that case I'm going to seriouly think about buying some serious solar pannels :-)
Such as one or more of this kits:
https://www.renogy-store.com/400W-Mono-Bundle-p/kit-bundle400d.htm

I have been thinking about buyng this to charge my phone and other small stuff for a long time.
http://www.amazon.com/gp/product/B00E3OL5U8/ref=s9_simh_gw_p107_d20_i1?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=center-2&pf_rd_r=18JC502K9M3S0YKEQZAT&pf_rd_t=101&pf_rd_p=1688200382&pf_rd_i=507846

I'm not sure where you live but in most countries the ROI is less than 5 years, after that your power is free until the panels break which is about another 20 years.

this is why people cant see the revolution because they don't even realize how cheap solar and other types of renewable energy are right now.

The solar panels are cool but I think they are kite expensive, so the return of investment (ROI) does not look very attractive.
But from an environmentalist perspective its a completely different story...

I only wish I had a 10KW solar power system on my roof and then I could mine all day long and not have to worry about massive power bills.
I think we will see this happening all around the world in the very near future.

the key is to keep the coin growing strong until renewable energy takes care of the problem of mining power bills.

I think we really are on the cusp of a revolution even if most people cant quite see it yet.


the ability to turn renewable energy which is free directly into a store of value (ie gold or crypto money) without the need for a middle man.. this is the holy grail that alchemists have been trying to figure out for thousands of years.

You are right about mining under the radar!
People mining now are going to make huge profits when the coin is worth 10x (mid-term) or 100x (long-term).

I do not completely agree with the assumptions that we need to attract more miners or that the coin will be taken more seriously if it has a higher network hash rate.

from a security perspective X11 drastically decreased the chances of a 51% attack even if the network hash rate is reduced. This is because it is much harder to amass hash power with GPUs (X11) than it is to simply buy or rent a few very powerful Scrypt ASICs.

So with the threat of 51% attack reduced, attracting miners becomes less important.

with low hash rate and low difficulty I think people should simply enjoy the extra coins they are getting by being under the radar.

now I'm not sure how profitable it is to mine Karma atm but I will give it a go.

but for me the bottom line is this.

If it is profitable to mine then I will keep mining it.. if it is not profitable mine then I simply won't... it does not matter to me at all where Karma sits on the charts of mining profitability website.

from an investors point of view.. network hash rate is not so important either because the coins I own cannot be stolen by a 51% attack.

We need to attract more miners.

Any idea on how to do it?

We need 50+ GH/s net hash rate to be taken seriously.
At least 5 times more in relation to what we have now.

Mining contest is going well. Now is time for the creative persons of our community to step up. Karma team members can also participate.
Today I am starting contest with a first place award of 2 000 000 (TWO MILLION) KARMA. No consolation awards. The rules are as follows:
1. At least 5 participants
2. Every participant can provide more than 1 photo. No limit about this.
3. Photos must contain KARMA logo and GOT KARMA? written or drawn by hand (Not printed). So only the GOT KARMA? must be written or drawn by a hand, which includes graphite drawing. I don`t care about the logo if it is printed or drawn by a hand, but it must be our original logo.
4. Photos can be for example selfie with a popular person and you wearing t-shirt with KARMA logo and GOT KARMA?, photo on the top of a skyscraper holding KARMA logo and GOT KARMA?, photo of somebody jumping with parachute holding KARMA logo and GOT KARMA?, nice graphite drawing of our logo and GOT KARMA? and all other things that crosses your mind.
5. The last day of this campaign is 1-st of September. No photos will be accepted on 2-nd of September. (exceptions for delayed photos only if I see on the photo Barack Obama or Queen Elizabeth  )
6. You can post your pictures here, forum, facebook and karmashare.me. You must pm me here with a link to the original post.
7. The winner will be chosen by community vote in our forum. Voting will continue 3 days, but I want at least 25 votes. If we don`t have 25 votes, we shall extend the voting period. If there is a tie between two or more photos and/or persons, I suggest our respectful Marketing & PR workgroup moderators easteagle13 and jasondecosta to choose the winning photo. If jasondecosta decide to participate, me and easteagle13 will have the last word.

These are the rules. Do not cheat! I will catch you. Believe me. Do not use any tools to make your photos look better. If I catch someone cheating, all of his/her photos will be disqualified. This is a real life contest. I am not encouraging you to do something dangerous or stupid, but to win this, it is obvious that you have to be a little crazy. So happy shooting.

Me and easteagle13 are splitting the funding for this. 1 mill comes from me and 1 mill from him. This is not an official karma marketing project.

GOT KARMA?