[ANN][KARM] Karma / ₭ / X11 - page 338.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: ptman on May 29, 2014, 10:12:32 AM

Quote from: compumine on May 29, 2014, 10:11:03 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.

compumine

sr. member

Activity: 252

Merit: 250

Quote from: ptman on May 29, 2014, 10:12:32 AM

Quote from: compumine on May 29, 2014, 10:11:03 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.

And it has. I started when karma was below 40. Now its above 80. However, that could be true also for LTC. When I started mining, LTC was above $20. Now it's just around $10. The future may be bright for LTC to go up and beyond the $40 mark. But since mining karma makes me accumulate more LTC/24h is the reason why I mine it. When that stops, it makes me look for other coins that have the potential to spike in value and easy to mine.

rbauer85

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Activity: 462

Merit: 250

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Quote from: ptman on May 29, 2014, 10:10:46 AM

Quote from: ranlo on May 29, 2014, 10:04:52 AM

The price is high compared to:

A) The way it's been flowing

B) The lack of new/exciting information (if a new project had been announced or something was released Live, like Lill.com, it'd be different)

C) What does hash rate have to do with the value of a coin? Litecoin is going up in hash rate but its value is going down

It's about economics, and there's no reason for this push upward at this point. Do I have doubts the coin will eventually be worth a lot? No. But this push is separate from that.

A) The way it has been flowing in the past few weeks does not represent the way it will flow. The fact most people did not recognized the real value of Karma (and the people behind it), does not mean they will not recognize in future.

B) There is new exciting information comming out if you look out. New beta of LILL.com with major new features will be out in a few days. Every time a new beta is lanched a lot of previously not convinced investor will convert to Karma.
Also, there are curent efforts to make the public more aware of Karma.

C) The hashrate has a lot do do with the price of a coin. In the case of Karma (and a lot of other coins), the bigger the hashrate of the network, the less Karma each miner with the same hashrate will get, given that the block award (the quantity of Karma one receives for solving a block) remains constant (and it does, as changes in block rewards do not occur often).

C) You are completely incorrect. Higher hash rates only result in response to higher values. Higher value means more miners come and will mine and dump, meaning LESS coins get into the hands of those who would hold the coin more. Everyone who talks about this fundamentally misunderstands the situation. I don't mine coins I want to keep, I mine coins that are profitable to dump, and trade for and buy coins I want to hold. Miners dump.

Higher hash rate does not lead to higher value, but higher value does lead to higher hash rate.

ptman

sr. member

Activity: 532

Merit: 250

Quote from: compumine on May 29, 2014, 10:11:03 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.

compumine

sr. member

Activity: 252

Merit: 250

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

ptman

sr. member

Activity: 532

Merit: 250

Quote from: ranlo on May 29, 2014, 10:04:52 AM

The price is high compared to:

A) The way it's been flowing

B) The lack of new/exciting information (if a new project had been announced or something was released Live, like Lill.com, it'd be different)

C) What does hash rate have to do with the value of a coin? Litecoin is going up in hash rate but its value is going down

It's about economics, and there's no reason for this push upward at this point. Do I have doubts the coin will eventually be worth a lot? No. But this push is separate from that.

A) The way it has been flowing in the past few weeks does not represent the way it will flow. The fact most people did not recognized the real value of Karma (and the people behind it), does not mean they will not recognize in future.

B) There is new exciting information comming out if you look out. New beta of LILL.com with major new features will be out in a few days. Every time a new beta is lanched a lot of previously not convinced investor will convert to Karma.
Also, there are curent efforts to make the public more aware of Karma.

C) The hashrate has a lot do do with the price of a coin. In the case of Karma (and a lot of other coins), the bigger the hashrate of the network, the less Karma each miner with the same hashrate will get, given that the block award (the quantity of Karma one receives for solving a block) remains constant (and it does, as changes in block rewards do not occur often).

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: ptman on May 29, 2014, 10:01:58 AM

Quote from: ranlo on May 29, 2014, 09:57:56 AM

Quote from: spitfire1337 on May 29, 2014, 07:03:14 AM

Quote from: Delaforetnoire on May 29, 2014, 06:54:01 AM

96 Litoshis
We see some cool buys, but in my opinion it is not a pump. People woke up and started to realize that they don't want to miss our train.

Welcome aboard !

Good buys, but a sell wall went up @95 for 43 ltc on mintpal and 39 ltc @ cryptsy. Lets see if it gets eaten up or if we start to fade back down. Not necessarily big walls but still a tough climb....

EDIT: also no buy support until the 60's, I see our new floor being in the 60-70 range...

EDIT again: It was removed and we broke 100

I will say that at this point it's getting interesting. I expected to wake up and see it back in the 40's. That doesn't appear to be happening.

Is the 90-100 area the new floor now? Or is this just someone manipulating prices? The amount of money (compared to how much there was before) flowing in just doesn't sit right with me.

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

The price is high compared to:

A) The way it's been flowing

B) The lack of new/exciting information (if a new project had been announced or something was released Live, like Lill.com, it'd be different)

C) What does hash rate have to do with the value of a coin? Litecoin is going up in hash rate but its value is going down

It's about economics, and there's no reason for this push upward at this point. Do I have doubts the coin will eventually be worth a lot? No. But this push is separate from that.

ptman

sr. member

Activity: 532

Merit: 250

Quote from: ranlo on May 29, 2014, 09:57:56 AM

Quote from: spitfire1337 on May 29, 2014, 07:03:14 AM

Quote from: Delaforetnoire on May 29, 2014, 06:54:01 AM

96 Litoshis
We see some cool buys, but in my opinion it is not a pump. People woke up and started to realize that they don't want to miss our train.

Welcome aboard !

Good buys, but a sell wall went up @95 for 43 ltc on mintpal and 39 ltc @ cryptsy. Lets see if it gets eaten up or if we start to fade back down. Not necessarily big walls but still a tough climb....

EDIT: also no buy support until the 60's, I see our new floor being in the 60-70 range...

EDIT again: It was removed and we broke 100

I will say that at this point it's getting interesting. I expected to wake up and see it back in the 40's. That doesn't appear to be happening.

Is the 90-100 area the new floor now? Or is this just someone manipulating prices? The amount of money (compared to how much there was before) flowing in just doesn't sit right with me.

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

You (and me) see shitcoins being pumped every day.
And when a coin with brilliant plans (and brilliant people to make it happen) has a healhy increase you are surprised that the price is going up?

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: spitfire1337 on May 29, 2014, 07:03:14 AM

Quote from: Delaforetnoire on May 29, 2014, 06:54:01 AM

96 Litoshis
We see some cool buys, but in my opinion it is not a pump. People woke up and started to realize that they don't want to miss our train.

Welcome aboard !

Good buys, but a sell wall went up @95 for 43 ltc on mintpal and 39 ltc @ cryptsy. Lets see if it gets eaten up or if we start to fade back down. Not necessarily big walls but still a tough climb....

EDIT: also no buy support until the 60's, I see our new floor being in the 60-70 range...

EDIT again: It was removed and we broke 100

I will say that at this point it's getting interesting. I expected to wake up and see it back in the 40's. That doesn't appear to be happening.

Is the 90-100 area the new floor now? Or is this just someone manipulating prices? The amount of money (compared to how much there was before) flowing in just doesn't sit right with me.

ptman

sr. member

Activity: 532

Merit: 250

Quote from: rbauer85 on May 29, 2014, 09:20:50 AM

Quote from: kosmost on May 29, 2014, 09:00:35 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

We are not going to stay with a $500,000 market cap for long. We will have a $2,500,000 market cap in some weeks.

Of course a strong buying (and increased mining also) action will make the price of Karma skyrocket (500 litoshy maybe?) in the next weeks, and the market cap will go up of course.

ptman

sr. member

Activity: 532

Merit: 250

Quote from: rbauer85 on May 29, 2014, 09:16:12 AM

KARM really staring to take off on mintpal. All of the hard work organizing this company coin, that you all have been doing, is starting to pay off!!!

I think that buing Karm and investing in Karmashares is one of the best things you can do right now as an investment.

Imagine what you can get in return in months or a year or two (and how much you could help others as a sonsequence) if you have, for instance, 1% of Karmashares.

rbauer85

sr. member

Activity: 462

Merit: 250

CAT.EX Exchange

Quote from: kosmost on May 29, 2014, 09:00:35 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

rbauer85

sr. member

Activity: 462

Merit: 250

CAT.EX Exchange

KARM really staring to take off on mintpal. All of the hard work organizing this company coin, that you all have been doing, is starting to pay off!!!

kosmost

hero member

Activity: 1022

Merit: 501

Creator of the ICO

Quote from: compumine on May 29, 2014, 09:01:41 AM

I like Karma

I started mining it at the beginning of May. Had good luck with it. My reason is simple. I'd rather mine a coin that has a better value vs LTC than to mine LTC straight.

What made this coin attractive is the fact that I was able to mine it. No problems with the wallet. No problem with finding help when you need it. And a pool that worked.

Value has gone up significantly. Best coin since Doge in my opinion.

Glad to have you aboard all this time

It's just the beginning and the best is yet to come!

ptman

sr. member

Activity: 532

Merit: 250

Quote from: p4r4m0un7 on May 29, 2014, 08:12:30 AM

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.

Do you realise that that afirmation can not be true? Based on the fact that he can not know everithing about even one of his investments.
Do you realise that something that a person says and reality are two complete different things?

Does not matter it it is Buffet, me, or you.
Natural language is very limited, and not only that, sometimes it is not used in the best possible way.
Therefore it can not be taken literaly.

What Buffet means is that he sees himself as an investor that tends to invest only on something that he is a little bit more sure than most investors.
And that is only what he thinks about himself based on his distorted view of reality (distorted like anyone else).

Warren Buffer or not, people say bulshit most of the times when they state those geral principles about something (even themselves), like "It always happens this way.." or "I neved to this..., or "I do that in those situations... blahblah". Even if they are not aware of it.

compumine

sr. member

Activity: 252

Merit: 250

I like Karma

I started mining it at the beginning of May. Had good luck with it. My reason is simple. I'd rather mine a coin that has a better value vs LTC than to mine LTC straight.

What made this coin attractive is the fact that I was able to mine it. No problems with the wallet. No problem with finding help when you need it. And a pool that worked.

Value has gone up significantly. Best coin since Doge in my opinion.

kosmost

hero member

Activity: 1022

Merit: 501

Creator of the ICO

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)

ShawnLeary

hero member

Activity: 518

Merit: 504

Quote from: dbstmddhks on May 29, 2014, 07:26:42 AM

Doing good dev
I buy everything under 2 satoshi
I want this coin will help people and will do many good things

Supporting you dev and community

P.S Child street world need donation??

Yes! Please play in the KarmaWorldCup.org pool. Could win Karmillions! Support a great cause!

Current prize pool is 25M KARM or 23LTC

Alphi

hero member

Activity: 798

Merit: 1000

Quote from: p4r4m0un7 on May 29, 2014, 08:12:30 AM

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.

you do realise that the entire crypto economy is an experiment don't you?
therefore it is all speculation... (including even bitcoin)

can you point to any solid numbers any solid growth projections? do you completely understand the business model or the market?

I know I sure can't and don't and I have been in crypto-land for a few years now.
this is why Buffet does not invest here..

it simply makes no sense at all to use warren buffet to justify crypto investments.. if you lived by his investment principles you wouldn't even be here...

p4r4m0un7

sr. member

Activity: 406

Merit: 250

Quote from: Alphi on May 29, 2014, 07:28:39 AM

Quote from: p4r4m0un7 on May 29, 2014, 05:36:37 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.

Topic: [ANN][KARM] Karma / ₭ / X11 - page 338. (Read 583121 times)