Author

Topic: [ANN][KARM] Karma / ₭ / X11 - page 337. (Read 583121 times)

legendary
Activity: 1274
Merit: 1000
May 29, 2014, 01:50:19 PM
Hi, can I please get nodes, can't synchronize wallet.

addnode altcoin.dk:9432 add

copy pasta that into your console!
sr. member
Activity: 532
Merit: 250
May 29, 2014, 01:47:40 PM
just did a quick rundown of the pools

we should add up our hash-rates and distribute them among the pools that have 0-1 miners.

with just 5mh/s a pool will find a block every 2 hours.

http://karma.poolsofhonor.com/ (2 miners @3MH/s)

http://karma.p2pool.altcoin.dk/ (6 miners @6MH/s)

http://pool.terahashers.com (1 miner @300KH/s)

http://karma.miners-point.com/ (4 miners @6MH/s)

http://hasher.ca (1 miner @250KH/s)

http://chunkypools.com/karm (0 miners)

http://karma.hashstrike.com (down)

http://xhash.net (19 miners @35MH/s)

http://karm.multi-pool.eu (212 miners @505MH/s)

i am mining 1mh/s at karma.p2pool.altcoin.dk and i will move that to one of the other pools with <6MH/s when the pool has 1MH/s extra.

i was mining reddcoins/renting out my mining rig, but karmas mining situation is totally fucked so i am back mining karmas for the health of the network.

(yes i forgot poolsofhonor i am gonna edit it)

please use any other pool except http://karm.multi-pool.eu (212 miners @799.368 MH/s)  to help us stabilize the network

we are grate full of  http://karm.multi-pool.eu always being stable but now they own the network.

just so you know. by the end of the day a 50 mh/s pool will give you just as many coin as the other pools. you will get the coins more seldom but they will be in bigger chunks (less pool workers to share it with, more coins for you)

please try an other pool at least for 10 hrs as test to this theory

Mine is up and working fine.
pool.terahashers.com
legendary
Activity: 1274
Merit: 1000
May 29, 2014, 01:44:34 PM
just did a quick rundown of the pools

we should add up our hash-rates and distribute them among the pools that have 0-1 miners.

with just 5mh/s a pool will find a block every 2 hours.

http://karma.poolsofhonor.com/ (2 miners @3MH/s)

http://karma.p2pool.altcoin.dk/ (6 miners @6MH/s)

http://pool.terahashers.com (1 miner @300KH/s)

http://karma.miners-point.com/ (4 miners @6MH/s)

http://hasher.ca (1 miner @250KH/s)

http://chunkypools.com/karm (0 miners)

http://karma.hashstrike.com (down)

http://xhash.net (19 miners @35MH/s)

http://karm.multi-pool.eu (212 miners @505MH/s)

i am mining 1mh/s at karma.p2pool.altcoin.dk and i will move that to one of the other pools with <6MH/s when the pool has 1MH/s extra.

i was mining reddcoins/renting out my mining rig, but karmas mining situation is totally fucked so i am back mining karmas for the health of the network.

(yes i forgot poolsofhonor i am gonna edit it)

please use any other pool except http://karm.multi-pool.eu (212 miners @799.368 MH/s)  to help us stabilize the network

we are grate full of  http://karm.multi-pool.eu always being stable but now they own the network.

just so you know. by the end of the day a 50 mh/s pool will give you just as many coin as the other pools. you will get the coins more seldom but they will be in bigger chunks (less pool workers to share it with, more coins for you)

please try an other pool at least for 10 hrs as test to this theory
hero member
Activity: 1022
Merit: 501
Creator of the ICO
May 29, 2014, 01:36:37 PM
Beta v0.2 of Lill.com now released

www.lill.com

Release notes: http://karmashares.com/forums/index.php/topic,7.0.html

(there may be a couple of additional items to add to the notes since I wrote it a few days ago)

Have an idea for lill? post it here

(I'm off to sleepyland now, so don't break it!)
legendary
Activity: 1274
Merit: 1000
May 29, 2014, 01:28:40 PM
its free market and you give buyer that can not mine ability to own coins. you are a great help to our economy



Huh?? are you kidding me?
That´s just senseless inflating the coin and keeping the price down. POW sucks. Wasting energy for nothing. And they get paid for this. That sucks.

No POW is the ultimate gateway to new members. Most of people are not comfortable sending passport information or allowing companies to go inside their bank account. Pow allows them to jump into the ship buy buying GPUS form trusting companies and start mining away. POW is the reason Bitcoin is what it is righ now. PoW is the reason Litecoin is what it is right now and the reason Other coins are what they are right now.

Until a better way to destibuite coins is created POW is supreme.


POW allows anyone, anywhere in the world to start mining Karma. It is not easy for people to get BTCs. POW allows thousand of people to get into the crytpoworld.
full member
Activity: 220
Merit: 102
May 29, 2014, 01:23:02 PM
Good karma on hash-to-coins.com Smiley
member
Activity: 117
Merit: 10
May 29, 2014, 01:14:54 PM
its free market and you give buyer that can not mine ability to own coins. you are a great help to our economy



Huh?? are you kidding me?
That´s just sensless inflating the coin and keeping the price down. POW sucks. Wasting energy for nothing. And they get paid for this. That sucks.
sr. member
Activity: 523
Merit: 250
May 29, 2014, 12:45:53 PM
Yes earlybird take almost everything~ In coins~

But thing reverserly

The early bird endure vary vary boring hopless time

They didn't sell the coins between whole period

It's hard to endure not to sell the holding coins to buy a hot coin like BC, Dark, XC and so on..

So I think the early bird desire to get much things

I'm very late in karama (In fact I get Karmashare 10X time Smiley )

But in my think this coin has a great potential and steady dev team

and strong holders.

Especially strong holder discuss about not only ' now price' but also 'value on coin'

It's very important thing and good!!

I didn't write english well but I want to participate this group! Smiley


Price must follow the value    (Need sometime)
But the value doesn't always follow the value

I respect this spirit ~ and yours
100 Latohsi? haha after 3~6months even 1 years..
Karmacoin do very very many things!!
I anticipate ^^

Plus where Can I find the reachest list?~
sr. member
Activity: 532
Merit: 250
May 29, 2014, 11:48:26 AM
It goes both ways.
Hahrate increate tends to make the price go up.
Price goes up a lot, causes more miner to mine the coin, makes the price go up again.


only when the coin has the first mover advantage and there are no other realistic competitors, like in the case of Bitcoin and SHA256

for example.. if you buy a SHA256 ASIC.. you don't have any  other real choice than to mine Bitcoin so its hash rate is constantly forced up. Miners are forced to keep on mining and hoping they will get a ROI so many hold onto the coins they mine.

this is not the case with Scrypt coins however because there is ALWAYS a more profitable SCRYPT coin mine so the hash rates go up and down like crazy as each coin raises and falls in value.
we saw this when Dogecoin overtook litecoin in Hash rate.. then the Aurora boom... in such cases Hash rate alone is no indication at all that the price will remain high.

That is TRUE.

I mine bitcoins and I hold on to them simply for ROI reasons.  But when I mine scrypt, I mine the most profitable coin vs either LTC or BTC.  So when karma difficulty goes up to the point where it's not making me more than mining LTC, I move on to next coin.  Back when the difficulty comes down.

i am not going to talk about prices related topic here anymore. i will focus on helping thecoin grow even bigger.

what i understand from your post is that you are mining our coin to convert them back to LTC. you are not keeping the coin.  that is fine. its free market and you give buyer that can not mine ability to own coins. you are a great help to our economy

what some of the people are telling you is that: if you hold your coins. you will be able to sell them back later at x100 more value. they are saying that this coin is still undervalued and it has not reached its optimum worth yet. Litecoin is a great coin and together with doge are the only few communities we look up to. we see them and analyze them. Do you agree that Karma is not even in the $1 mill market cp yet? you know we are pushing it to be in the Billion market cap?  therefore even if we reach doge market cap the coins value will be so much worht than its is now.

by that logic. do you see karma coin reaching a 30 million USD market cap by the end of the year? Wouldn't it be a better investment to hold this coin and hop on some other coin that is made there purposely for the pump and dump  and then killed?

Rule of thumb. Never sell short a coin with a purpose



that leaves me to the promotion sells. if you have no idea what the team is doing for this coin here are some notes:

www.lill.com  : First search engine that will reward you karma as points. Lunching very soon. a simple beta is live
KarmashareLLC :  the "foundation" as you may call it for karma coin. where anyone can be a member by buy shares with karma! over 8.4 Billion coins already invested in it. Aka out of the circulaion for now
www.karmashare.me : the first social network for crypto enthusiast. where people post things and they have a karma coin address integrated in their profile and anyone can tip them.
Wespond (video Q&A community) - Soon to lunch video service where anyone can get payed in karma for educational or any use of video stream tutorials
[ http://karmashares.com/forums/index.php/board,21.0.html ]
Hireplex (video job interviews) - development [ Hireplex (video job interviews) - development ]
EyeQoo (location-based mobile shopping) - planning/development [http://karmashares.com/forums/index.php/board,23.0.html]
FABRI₭ (Karma branded clothing and accessories) - live  [http://karmashares.com/forums/index.php/board,25.0.html ]
Viralt (social news and entertainment) - planning  [ http://karmashares.com/forums/index.php/board,24.0.html ]


okay i got a bit lazy and i did not explain them all. you can click then links and get an idea soon. This are simply some project that have already started. Once we gain some more recognition we will hire more devs and more personel to help push them out and work on many other project that are just ideas. Some many project. so many ideas. All thanks to crypto world.

all of this project are implemented in the karmashareLLC and any profit they make will go to the LLC. There are some damn good projects there , but even if one explodes so big and say get an offer by google or some one else to be bought for 1Billion USD, you would have to be member of the LLC to vote on it. Everything is transparent.

Please read up and think twice about selling this coins cheap. In near future people will fight to buy them off you so they can invest in the LLC.

And not to mention by that time we would have enough revenue to create thousands of company branches and we WILL be the company that WILL help those who do good.

So i suggest everyone to not pay attention of the trades unless you are looking to buy coins cheap. Instead if you have skills that can help us with any this project , volunteer!! Look at how much we are accomplishing so far. Help us grow faster.

 

+1

For me its more difficult to believe that so many people did not realise the potential of Karma yet, than it is to believe that Karma will reach  at least 100x of its value of today.
legendary
Activity: 1274
Merit: 1000
May 29, 2014, 11:42:32 AM
It goes both ways.
Hahrate increate tends to make the price go up.
Price goes up a lot, causes more miner to mine the coin, makes the price go up again.


only when the coin has the first mover advantage and there are no other realistic competitors, like in the case of Bitcoin and SHA256

for example.. if you buy a SHA256 ASIC.. you don't have any  other real choice than to mine Bitcoin so its hash rate is constantly forced up. Miners are forced to keep on mining and hoping they will get a ROI so many hold onto the coins they mine.

this is not the case with Scrypt coins however because there is ALWAYS a more profitable SCRYPT coin mine so the hash rates go up and down like crazy as each coin raises and falls in value.
we saw this when Dogecoin overtook litecoin in Hash rate.. then the Aurora boom... in such cases Hash rate alone is no indication at all that the price will remain high.

That is TRUE.

I mine bitcoins and I hold on to them simply for ROI reasons.  But when I mine scrypt, I mine the most profitable coin vs either LTC or BTC.  So when karma difficulty goes up to the point where it's not making me more than mining LTC, I move on to next coin.  Back when the difficulty comes down.

i am not going to talk about prices related topic here anymore. i will focus on helping thecoin grow even bigger.

what i understand from your post is that you are mining our coin to convert them back to LTC. you are not keeping the coin.  that is fine. its free market and you give buyer that can not mine ability to own coins. you are a great help to our economy

what some of the people are telling you is that: if you hold your coins. you will be able to sell them back later at x100 more value. they are saying that this coin is still undervalued and it has not reached its optimum worth yet. Litecoin is a great coin and together with doge are the only few communities we look up to. we see them and analyze them. Do you agree that Karma is not even in the $1 mill market cp yet? you know we are pushing it to be in the Billion market cap?  therefore even if we reach doge market cap the coins value will be so much worht than its is now.

by that logic. do you see karma coin reaching a 30 million USD market cap by the end of the year? Wouldn't it be a better investment to hold this coin and hop on some other coin that is made there purposely for the pump and dump  and then killed?

Rule of thumb. Never sell short a coin with a purpose



that leaves me to the promotion sells. if you have no idea what the team is doing for this coin here are some notes:

www.lill.com  : First search engine that will reward you karma as points. Lunching very soon. a simple beta is live
KarmashareLLC :  the "foundation" as you may call it for karma coin. where anyone can be a member by buy shares with karma! over 8.4 Billion coins already invested in it. Aka out of the circulaion for now
www.karmashare.me : the first social network for crypto enthusiast. where people post things and they have a karma coin address integrated in their profile and anyone can tip them.
Wespond (video Q&A community) - Soon to lunch video service where anyone can get payed in karma for educational or any use of video stream tutorials
[ http://karmashares.com/forums/index.php/board,21.0.html ]
Hireplex (video job interviews) - development [ Hireplex (video job interviews) - development ]
EyeQoo (location-based mobile shopping) - planning/development [http://karmashares.com/forums/index.php/board,23.0.html]
FABRI₭ (Karma branded clothing and accessories) - live  [http://karmashares.com/forums/index.php/board,25.0.html ]
Viralt (social news and entertainment) - planning  [ http://karmashares.com/forums/index.php/board,24.0.html ]


okay i got a bit lazy and i did not explain them all. you can click then links and get an idea soon. This are simply some project that have already started. Once we gain some more recognition we will hire more devs and more personel to help push them out and work on many other project that are just ideas. Some many project. so many ideas. All thanks to crypto world.

all of this project are implemented in the karmashareLLC and any profit they make will go to the LLC. There are some damn good projects there , but even if one explodes so big and say get an offer by google or some one else to be bought for 1Billion USD, you would have to be member of the LLC to vote on it. Everything is transparent.

Please read up and think twice about selling this coins cheap. In near future people will fight to buy them off you so they can invest in the LLC.

And not to mention by that time we would have enough revenue to create thousands of company branches and we WILL be the company that WILL help those who do good.

So i suggest everyone to not pay attention of the trades unless you are looking to buy coins cheap. Instead if you have skills that can help us with any this project , volunteer!! Look at how much we are accomplishing so far. Help us grow faster.

 
sr. member
Activity: 532
Merit: 250
May 29, 2014, 11:25:16 AM
It goes both ways.
Hahrate increate tends to make the price go up.
Price goes up a lot, causes more miner to mine the coin, makes the price go up again.


only when the coin has the first mover advantage and there are no other realistic competitors, like in the case of Bitcoin and SHA256

for example.. if you buy a SHA256 ASIC.. you don't have any  other real choice than to mine Bitcoin so its hash rate is constantly forced up. Miners are forced to keep on mining and hoping they will get a ROI so many hold onto the coins they mine.

this is not the case with Scrypt coins however because there is ALWAYS a more profitable SCRYPT coin mine so the hash rates go up and down like crazy as each coin raises and falls in value.
we saw this when Dogecoin overtook litecoin in Hash rate.. then the Aurora boom... in such cases Hash rate alone is no indication at all that the price will remain high because there is Nothing at all preventing the miners from get a better ROI elsewhere.


I understand what you are saying, and I think you are right up to a certain point.

I, for instance, do not care that much about what is most profitable right now.
I mine more based on what I think will be worth something in a weeks/months timeframe.

We are at 1.24 GH/s.

And if we achieve 3 GH during the next week, I predict the price to raise to 200 litoshi absolute minimum.
full member
Activity: 308
Merit: 100
May 29, 2014, 11:24:45 AM
Hi,

we are running the site www.crypto-coins-table.com

- 646 coins indexed so far (28th May 2014)
- providing detailed charts on pricing and volume
- capitalisation listing
- top and flop coins
- many filters to analyse

personalized features
- create individual watchlists
- track your coins value and compare

W have listed your coin already. To provide the full and uptodate information
on your coin, please use the update function.

Thanks, the coin-table team

contact us, if you would like to join the team or advertise on crypto-coins-table.com
hero member
Activity: 658
Merit: 500
May 29, 2014, 11:00:27 AM
Shares and Points list has been updated: http://karmashares.com/explorer-v01

Total shares claimed           78,807,725                       
                                            
Total shares unclaimed   146,206,700

% of company claimed           35.02

fyi, it would take a little under $1 million USD to buy the remaining 64% available (assuming 100 litoshi coin price)

$1 million USD is a lot considering the market cap of the entire coin is only $500,000

Yup if cap TODAY is considered that may be high, do we plan on staying on this cap?
And when someone have seen the value of a company, it is usually bought not because of the present value of investment but by the percieved value of its potential. So 1M $ is really a relative value.
hero member
Activity: 658
Merit: 500
May 29, 2014, 10:51:04 AM
And remember that out there Warren Buffet is the richest S of B among all of the financial bastards for one simple reason.

the same Warrent buffet that calls bitcoin a mirage and doesn't invest in crypto currency at all?
I hardly think he is a good example of why people should invest in a crypto currency based company.

http://www.businessinsider.com.au/why-buffett-doesnt-invest-in-technology-2014-3

maybe you should use Bill Gates as an example... the richest man in the world for a long time and someone who made his money by driving change in the technology world and who thinks digital currencies "could be huge"... yes I know everyone hates microsoft but nobody can argue with the wealth it has made for its early investors.. and yes I know bill seemed like a greedy controlling SOB for most of his life but he has since pledged almost his entire fortune to charity so he would be the biggest example of a guy who lives and breathes the idea of Karma i.e. doing good in this life so that you are rewarded in the next life..

Buffet and his fellow Charlie Munger does not invest in businesses they don`t understand. For him to invest in IBM 10 Billion dollars, took 50 years. Yes, fifty. He wants to understand the business first, not to speculate. No one can compete with Buffet. No one. I gave him as example of good investor, not in the context of crypto. As for the Microsoft. Only stupid people hate them. This guy, Bill Gates, made possible for almost everyone to have PC. I come from very poor country that you never heard of, but I had my PC on 15 and I knew what to do with it. Bill Gates is the reason for this. The road is not save, yes, the climbing for M$ was difficult, yes, they make mistakes and yes, they will continue to make them. But whose success was easy? The KARMA success won`t be either. No matter what though, remember that every person is as big as his dreams. So, all of you stop to play low ball and start thinking big.

+1 to both of you guys good points! We can emulate the good points of these men.
legendary
Activity: 1988
Merit: 1007
May 29, 2014, 10:42:16 AM
It goes both ways.
Hahrate increate tends to make the price go up.
Price goes up a lot, causes more miner to mine the coin, makes the price go up again.


only when the coin has the first mover advantage and there are no other realistic competitors, like in the case of Bitcoin and SHA256

for example.. if you buy a SHA256 ASIC.. you don't have any  other real choice than to mine Bitcoin so its hash rate is constantly forced up. Miners are forced to keep on mining and hoping they will get a ROI so many hold onto the coins they mine.

this is not the case with Scrypt coins however because there is ALWAYS a more profitable SCRYPT coin mine so the hash rates go up and down like crazy as each coin raises and falls in value.
we saw this when Dogecoin overtook litecoin in Hash rate.. then the Aurora boom... in such cases Hash rate alone is no indication at all that the price will remain high because there is Nothing at all preventing the miners to get a better ROI elsewhere.

I don't believe that there is any correlation between hash rates and prices (excluding the multipools jumping on coins, which is irrelevant for the discussion). Prices are created by the market, not magically by nature of increased hash rates. As more money comes in, prices go up. As more money leaves, prices go down. It's pretty simple.
sr. member
Activity: 252
Merit: 250
May 29, 2014, 10:39:33 AM
It goes both ways.
Hahrate increate tends to make the price go up.
Price goes up a lot, causes more miner to mine the coin, makes the price go up again.


only when the coin has the first mover advantage and there are no other realistic competitors, like in the case of Bitcoin and SHA256

for example.. if you buy a SHA256 ASIC.. you don't have any  other real choice than to mine Bitcoin so its hash rate is constantly forced up. Miners are forced to keep on mining and hoping they will get a ROI so many hold onto the coins they mine.

this is not the case with Scrypt coins however because there is ALWAYS a more profitable SCRYPT coin mine so the hash rates go up and down like crazy as each coin raises and falls in value.
we saw this when Dogecoin overtook litecoin in Hash rate.. then the Aurora boom... in such cases Hash rate alone is no indication at all that the price will remain high.

That is TRUE.

I mine bitcoins and I hold on to them simply for ROI reasons.  But when I mine scrypt, I mine the most profitable coin vs either LTC or BTC.  So when karma difficulty goes up to the point where it's not making me more than mining LTC, I move on to next coin.  Back when the difficulty comes down.
hero member
Activity: 798
Merit: 1000
May 29, 2014, 10:36:35 AM
It goes both ways.
Hahrate increate tends to make the price go up.
Price goes up a lot, causes more miner to mine the coin, makes the price go up again.


only when the coin has the first mover advantage and there are no other realistic competitors, like in the case of Bitcoin and SHA256

for example.. if you buy a SHA256 ASIC.. you don't have any  other real choice than to mine Bitcoin so its hash rate is constantly forced up. Miners are forced to keep on mining and hoping they will get a ROI so many hold onto the coins they mine.

this is not the case with Scrypt coins however because there is ALWAYS a more profitable SCRYPT coin mine so the hash rates go up and down like crazy as each coin raises and falls in value.
we saw this when Dogecoin overtook litecoin in Hash rate.. then the Aurora boom... in such cases Hash rate alone is no indication at all that the price will remain high because there is Nothing at all preventing the miners from get a better ROI elsewhere.
sr. member
Activity: 532
Merit: 250
May 29, 2014, 10:29:32 AM

How much do you understand about cryptocurrencies?

Even if you look at the net hash rate increse alone you will understand that the price of 90-100 litoshi represents an healthy increased considering the doubling of the hashrate.

If you look also at all the work that the dev team and comunity has been doing then you will consider Karma EXTREMELY CHEAP right now Smiley


how much do you really understand? the price doesn't follow the hash rate.. its the other way around...
prices go up thus making it more profitable to mine so miners come flooding in and the hash rate goes up.  
if the coin is no longer profitable the the miners will start leaving. When the miners leave speculators start panicking and try to manipulate the people who have control over the coin into taking drastic action to make the price go back up again...

miners do not drive the price of coins any more than miners in the real world drive the price of commodities.
they are and always have been literally at the bottom of the food chain.

prices are driven by speculators.. and the miners just follow the trail of breadcrumbs.

the fact that some miners are also speculators seems to have confused some peoples understanding of how things actually work.



It goes both ways.
Hahrate increate tends to make the price go up.
Price goes up a lot, causes more miner to mine the coin, makes the price go up again.

You can not compare "real" miners that are mining gold or silver with cryptocurrency miners.
You just can not.

When you are talking about a particular coin, an increase in hashrate makes mining that particular coin more difficult, thus you (the miner) do not want to sell at a loss, so you (and other miners) tend to sell it a bit higher.
Of couse you can just stop mining that coin, and run away to go mine other coin, so you are in a way creating the devaluation of that coin by yourself (like in a self fullfilling profecy).
But I do not really believe that it is the behaviour of most miners.
They do not have the time nor the will to be constantly checking which coin is most profittable (at the time), and mine it for a couple of hours, just to change again to other coin.
Not when they know that they can select or two coin that they believe in, and mine it today, knowing that they will worth at least 10 (or 100? or 1000?) times in future.
That is what I do and what other people I know do.

If you have 10 guys digging a hole in the ground to search for gold. And you and other friends dig other hole 1 KM away from the first hole, does it make it more difficult for the first 10 miners to find gold in their place?
No, it does not...
hero member
Activity: 798
Merit: 1000
May 29, 2014, 10:26:53 AM

How much do you understand about cryptocurrencies?

Even if you look at the net hash rate increse alone you will understand that the price of 90-100 litoshi represents an healthy increased considering the doubling of the hashrate.

If you look also at all the work that the dev team and comunity has been doing then you will consider Karma EXTREMELY CHEAP right now Smiley


how much do you really understand? the price doesn't follow the hash rate.. its the other way around...
prices go up thus making it more profitable to mine so miners come flooding in and the hash rate goes up.  
if the coin is no longer profitable the the miners will start leaving. When the miners leave speculators start panicking and try to manipulate the people who have control over the coin into taking drastic action to make the price go back up again...

miners do not drive the price of coins any more than miners in the real world drive the price of commodities.
they are and always have been literally at the bottom of the food chain.

prices are driven by speculators.. and the miners just follow the trail of breadcrumbs.

the fact that some miners are also speculators seems to have confused some peoples understanding of how things actually work.

I am both a miner and a speculator and I can guarantee you that I have made more money from speculating than I ever have from mining. but not everyone has the time to research all the different technologies and carefully weigh each coin against the others and so they just buy some mining gear and run with it...

sr. member
Activity: 252
Merit: 250
May 29, 2014, 10:26:31 AM
I do have one concern though,

Hash rate goes up, difficulty goes up, less coins to mine.  When the value of the coins mined over 24h result in less value of mining LTC straight, then it makes no sense to mine Karma.  For a miner like me, it's attractive to mine a coin that maintains high value vs LTC.

So the questions becomes, where can we find a sweet spot where amount mined over 24h still makes more vs LTC

The advantage that you have when mining Karma over LTC, is that you have a MUCH higher probability that Karm price will increase a lot in future.

The issue is you can mine the most profitable coin and then convert it into Karma (and effectively mine MORE Karma). So that theory doesn't really hold up.

To be realistic, I think karma has a way to go before miners start to mine coins and convert to it!!  There are barely any p2pools out there.  One single HUGE pool that works and everyone mines on it.  LTC is been there longer than karma and still it has it's own struggles.  I think karma should look at Doge as an example and aim for better.  Doge has been very successful this far.  It has a $ value.  Traded in almost all exchanges. And holds it's value well.  Mined by small miners and huge pools.
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