Topic: [ANN][KARM] Karma / ₭ / X11 - page 388. (Read 583123 times)

Karmashares did it`s job. It is time for POS on 51-52 bill and push for BTC market. We voted for it and I think we should do it, if possible. No need for waiting anymore. Different signals to the markets are no good in long and mid term.

No, I am not. We are talking about short and mid term, not long term real value. No one will invest 6000-7000 fiat to push Karma if POS question is not cleared out.


P.S. I just saw that in previous post I`ve written by mistake long and mid term

Are you joking ? Karmashares just started its engine two weeks ago, it has almost no ''power'' for now, all is coming in few future weeks with the 3 IPOCO websites projets (Lill, Wespond, Hireplex). Once they will be open, Karma will start to be very HOT and attractive !

Karmashares did it`s job. It is time for POS on 51-52 bill and push for BTC market. We voted for it and I think we should do it, if possible. No need for waiting anymore. Different signals to the markets are no good in long and mid term.

I would like to solo-mine Karma. Can anyone help with settings (links or tutorial)? I am using cgminer 3.7.2

please go to your client click on Help/Debug Window then click on the console tab..

then type in the getpeerinfo into the command box and hit enter..


now look at all your peers for the field "addr"

I am willing to wager 500,000 karma you will see quite clearly that each node is connected using port 9432

if you can change that port number, connect to peers on the Karma coin network with it and then prove it in a verifiable way how you did it.. then the 500,000 Karma is yours.

port 9432 is the port being used by the client it is the only port that matters when talking to peers...

whatever port settings you may or may not have incorrectly set are irrelevant.

PS you can also set the port number by using the "-port=nnnn" command line argument.

and before you decide to get more cheeky and write another post about how wrong I am.. I'll give you a little hint... look closely at the addnode commands you are entering into your config file.

Hard to predict, it depends on so many factors. What will Karma's value be in a month, what will difficulty and net hashrate be? If things stay about the same as they are today, then Karma is IMO in real danger from ASICs. As many smaller scrypt coins will be.

I warned about this before, one or two of these 2nd gen ASICs will be enough to take control over any smaller coin network. There will be a period where a few early adopters, who spent lots of money on these rigs, will weild an enormous amount of power. We will see 51% attacks, we will see double spending attacks, we will see all kinds of stuff. Karma might get lucky and go through this transition untouched. But I do not like depending on luck. Do you?

I can understand that pos need reflexion.
Or i can understand to stay away from pos.

But if you do it, please limit the max number of the coin, 92 B is really to much.

Somme maths:

Price per coin :

1$  =  total market cap 92 000 000 000 $ impossible the bitcoin actually have 5 000 000 000$ in 6 years or so.   0.0031 btc per coin

0.10$ = total market cap 9 200 000 000$ it still enormous i think and not possible.  0.00031 btc per coin

0.01$ = total market cap 900 000 000 $ here its really hard but possible still really hard its 3 times the market of litecoin. 0.000031 btc per coin

0.001 = total market cap 90 000 000$ i will be really happy if we go here its nice and i think it can be done. 0.0000031 btc per coin

0.0001 = total market cap 9 000 000$ i hope we will go here in few weeks months 0.00000031 btc per coin

0.00001 = total market cap 900 000$ next move we will be here in really few time 0.000000031 btc per coin.


As you see 1 $ it impossible , 0.10$ is nearly impossible , 0.01 is possible but hard.


92 B of coins is to much, this one of the major reason the price of doge doesnt move any more and is falling a little by little each day.


60B to 65B can be nice but more is to much.


Its only my opinion.

What do everybody think about it ?

The more value we add to Karma through Karmashares the more our network hash rate will rise, as coins dry up from the exchanges.

We are unfolding a plan now to make each of our 92 billion coins the most desirable coins to hold. It won't happen overnight, but we're putting the pieces in place now.

Slow and steady is much better than an unpredictable market roller coaster ride like most other coins. Cryptocurrency is a relatively new market so people are less apt to employ logic and be more guided by emotions. Our plans counter some of irrational behaviour of actors in the market.

We are building a composite of various time-tested things (legal entity, logical and fair operating agreement, understandable framework, variety of projects that support and add value to Karma, possibility of buyouts and investment by VC firms and companies like Google, profit-sharing, etc) to make Karma a very reasonable investment for both professionals and non-professionals, and thus a more desirable and popular currency for everyone else.

There's no reason that a partner at Union Square ventures can't consider heading a $5 million round in Karmashares because we're a legal entity that can sign contracts and our search engine is showing some traction and Karmashares is basically a startup incubator that has 100% ownership of projects (likely to be a very appealing concept to them). And how would they invest? By purchasing $5 million worth of Karma, of course. (They'd probably come up with a more structured proposal, or maybe even buying all 8 billion of Karmashares coins for that much, but you get the idea.)

There's no reason that a soccer mom living in Ohio can't "invest" for their kids by buying some Karma, or their kids can't just spend $5 and buy some themselves. (Now multiply this by 50,000 or even 500,000 people around the world.) When we are seen as a relatively safe and reasonable "investment" compared with the ups and downs of the only other coin they know, Bitcoin, and the fact that we're doing lots of wonderful things, you'll see coins dry up as people buy and hold Karma.

And of course we want to have enough coins to keep our economy healthy and coins flowing.

With all of these factors are discovered in the marketplace our network hash will rise up right along with the coin price.  1 GH/s should be a rounding error at that time.

If we can hold on and prove all of the naysayers wrong and still manage to stay afloat with this many coins and with BitCoin at low low prices, we can do anything!  We have some major initiatives coming over the next few weeks.  Hold on tight!!!

In about 47 days or so our rewards will drop to 35,000 per block. In your opinion, do you think it's enough for scrypt ASICs to point to Karma? They do need as much profit as possible to pay for their new rigs, right? What are some other profitable coins they would prefer over Karma, do you think?

I can understand that pos need reflexion.
Or i can understand to stay away from pos.

But if you do it, please limit the max number of the coin, 92 B is really to much.

Somme maths:

Price per coin :

1$  =  total market cap 92 000 000 000 $ impossible the bitcoin actually have 5 000 000 000$ in 6 years or so.   0.0031 btc per coin

0.10$ = total market cap 9 200 000 000$ it still enormous i think and not possible.  0.00031 btc per coin

0.01$ = total market cap 900 000 000 $ here its really hard but possible still really hard its 3 times the market of litecoin. 0.000031 btc per coin

0.001 = total market cap 90 000 000$ i will be really happy if we go here its nice and i think it can be done. 0.0000031 btc per coin

0.0001 = total market cap 9 000 000$ i hope we will go here in few weeks months 0.00000031 btc per coin

0.00001 = total market cap 900 000$ next move we will be here in really few time 0.000000031 btc per coin.


As you see 1 $ it impossible , 0.10$ is nearly impossible , 0.01 is possible but hard.


92 B of coins is to much, this one of the major reason the price of doge doesnt move any more and is falling a little by little each day.


60B to 65B can be nice but more is to much.


Its only my opinion.

What do everybody think about it ?

please go to your client click on Help/Debug Window then click on the console tab..

then type in the getpeerinfo into the command box and hit enter..


now look at all your peers for the field "addr"

I am willing to wager 500,000 karma you will see quite clearly that each node is connected using port 9432

if you can change that port number, connect to peers on the Karma coin network with it and then prove it in a verifiable way how you did it.. then the 500,000 Karma is yours.

port 9432 is the port being used by the client it is the only port that matters when talking to peers...

whatever port settings you may or may not have incorrectly set are irrelevant.

PS you can also set the port number by using the "-port=nnnn" command line argument.

and before you decide to get more cheeky and write another post about how wrong I am.. I'll give you a little hint... look closely at the addnode commands you are entering into your config file.

I would like to solo-mine Karma. Can anyone help with settings (links or tutorial)? I am using cgminer 3.7.2