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Topic: [ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 152. (Read 352488 times)

legendary
Activity: 882
Merit: 1000
Holy fuck I just sold all my karma few hours ago after realizing this coin is being abused...
I guess the abusers just dumped their loot  Undecided

you should have held as now the coin has been fixed when it hits the right block..... karma will climb in value in time....
hero member
Activity: 728
Merit: 500
Activity: yes
Holy fuck I just sold all my karma few hours ago after realizing this coin is being abused...
I guess the abusers just dumped their loot  Undecided
member
Activity: 98
Merit: 10
You guys are fucking hardworking.Try to bring KARM to the SUN.
full member
Activity: 158
Merit: 100
wow what happened with the 30+ btc buy support at 3 sat while I was asleep?
ntz
full member
Activity: 137
Merit: 100
When i'm writing

karmacoin.info : last 20 block average : 318k/block
hashstrike : last 20 block average : 527k/block

Don't trust coinwarz and the 755k/block, better mine another coin or you will be disappointed.

hashstrike is much better for me at the moment
legendary
Activity: 882
Merit: 1000
you obviously havent been keeping up with whats been going on with karma coin, please read the previous pages before you decide to scream scam pool, as i have mined there and had no issues. the real issue with the random block rewards being targeted by a blackhat miner causeing the rest of us miners to get much lower rewards.....
hero member
Activity: 789
Merit: 501
When i'm writing

karmacoin.info : last 20 block average : 318k/block
hashstrike : last 20 block average : 527k/block

Don't trust coinwarz and the 755k/block, better mine another coin or you will be disappointed.
ntz
full member
Activity: 137
Merit: 100
full member
Activity: 209
Merit: 100
You guys should have rolled out the new logo with this update :-)
member
Activity: 84
Merit: 10
Mandatory Wallet Upgrade (0.8.6.2.4) - Install by Monday Feb 24th 10AM (block 29,000)

Our popularity is again causing us to need to release a new version of the wallet to avoid unfair large pools from taking advantage of small miners.

Several members of the community wrote about how the Karmacoin rewards needed to be changed.  We are listening, and we are going to change the way the rewards work to make sure the large multi-miners cannot get an advantage in the rewards they get.  This change will increase the value of the coin as well because the reward payouts will be more predictable and will remove an exploit that large-blackhat miners can take advantage of.  The coin inflation, total coins, planned coin release flow, etc will not change at all.  Estimated payouts in coinwarz, pools, coinmarketcap.com. etc will also not need to be changed as the estimates were based on the same numbers used in the new rewards program.

The new rewards will work as following:

0-10,000 blocks => 10,000 + 1,000,000 bonus
10,000-25,000 blocks => 10,000 + 750,000 bonus
25,000-50,000 blocks => 10,000 + 500,0000 bonus
50,000-100,000 blocks => 10,000 + 250,000 bonus
100,000-200,000 blocks => 10,000 + 100,000 bonus
200,000-300,000 blocks => 10,000 + 25,000 bonus
300,000-400,000 blocks => 10,000 + 10,000 bonus
500,000+ blocks => 10,000 coins

Dowload links

Windows installation program (setup.exe):    http://www.karmacoin.info/downloads/karmacoin-0.8.6.2.4-win32-setup (add .exe to the end of this URL to download it - the forum blocks the link otherwise)

Windows zip file only:    http://www.karmacoin.info/downloads/karmacoin-0.8.6.2.4-win32.zip

Mac:    http://www.karmacoin.info/downloads/karmacoin-qt-0.8.6.2.4.pkg

Linux:    http://www.karmacoin.info/downloads/karmacoin-0.8.6.2.4-amd64.deb
sr. member
Activity: 406
Merit: 250
From the Dev:

Several members of the community wrote about how the Karmacoin rewards needed to be changed.  We are listening, and we are going to change the way the rewards work to make sure the large multi-miners cannot get an advantage in the rewards they get.  

This change will increase the value of the coin as well because the reward payouts will be more predictable and will remove an exploit that large-blackhat miners can take advantage of.  The coin inflation, total coins, planned coin release flow, etc will not change at all.  Estimated payouts in coinwarz, pools, coinmarketcap.com. etc will also not need to be changed as the estimates were based on the same numbers used in the new rewards program.

We will be posting a new version of the wallet shortly to implement the new rewards.

Currently, if someone has a large amount of hashpower (i.e. 1GH of mining capability) relative to the entire network, they can exploit the system by only mining when they determine the next block will have a large payout.  This issue is related to the way the random payouts work.  The random payout algorithm is the same that DOGE uses, only because DOGE's network is larger, the issue is not seen as readily with DOGE.  See http://www.reddit.com/r/dogemining/comments/1x1p76/something_is_rotten_in_the_state_of_doge_mining/ for more details.

The new rewards will work as following:

0-10,000 blocks => 10,000 + 1,000,000 bonus
10,000-25,000 blocks => 10,000 + 750,000 bonus
25,000-50,000 blocks => 10,000 + 500,0000 bonus
50,000-100,000 blocks => 10,000 + 250,000 bonus
100,000-200,000 blocks => 10,000 + 100,000 bonus
200,000-300,000 blocks => 10,000 + 25,000 bonus
300,000-400,000 blocks => 10,000 + 10,000 bonus
500,000+ blocks => 10,000 coins


Guys, point all your hashing power on our baby Karmacoin. And do it now! Let`s take it to the SUN. Go to your forums and spread the news. Attract more miners. Just ask them to try.
legendary
Activity: 980
Merit: 1000
thank you DEV for taking a firm stance with this, it's your baby on the line after all. my previous post was just reflecting my own feelings if i was heavily invested in this coin (which i'm not, but that might change now that i've seen this progress).

you're a posterboy for every other coin out there who uses the same reward system as DOGE (how many dozens of them now?), all of them have to be refitted without the variable rewards now that we've seen this exploit.

in this respect, be grateful this is happening BEFORE you get on major exchanges, and not AFTER, cause after will just be a bigger headache, look at LEAFCOIN, i love that coin, the DEV team is amazing, but they face the same issue with the exploit, and now have to get that many more exchanges/pools to changeover, after they literally just 10 days ago did a hard fork to implement KGW. seems like there's no end to the manipulation attempts by large private pools... c'est la vie. if i had control of a pool that big, i'd be %100 transparent and earn people's trust, while undercutting the competition with lower fees. i'd be the biggest pool out there cause everyone would always get what they earn, no bullshit... and then the DDoS attacks would start LOL
legendary
Activity: 1274
Merit: 1000
From the Dev:

Several members of the community wrote about how the Karmacoin rewards needed to be changed.  We are listening, and we are going to change the way the rewards work to make sure the large multi-miners cannot get an advantage in the rewards they get. 

This change will increase the value of the coin as well because the reward payouts will be more predictable and will remove an exploit that large-blackhat miners can take advantage of.  The coin inflation, total coins, planned coin release flow, etc will not change at all.  Estimated payouts in coinwarz, pools, coinmarketcap.com. etc will also not need to be changed as the estimates were based on the same numbers used in the new rewards program.

We will be posting a new version of the wallet shortly to implement the new rewards.

Currently, if someone has a large amount of hashpower (i.e. 1GH of mining capability) relative to the entire network, they can exploit the system by only mining when they determine the next block will have a large payout.  This issue is related to the way the random payouts work.  The random payout algorithm is the same that DOGE uses, only because DOGE's network is larger, the issue is not seen as readily with DOGE.  See http://www.reddit.com/r/dogemining/comments/1x1p76/something_is_rotten_in_the_state_of_doge_mining/ for more details.

The new rewards will work as following:

0-10,000 blocks => 10,000 + 1,000,000 bonus
10,000-25,000 blocks => 10,000 + 750,000 bonus
25,000-50,000 blocks => 10,000 + 500,0000 bonus
50,000-100,000 blocks => 10,000 + 250,000 bonus
100,000-200,000 blocks => 10,000 + 100,000 bonus
200,000-300,000 blocks => 10,000 + 25,000 bonus
300,000-400,000 blocks => 10,000 + 10,000 bonus
500,000+ blocks => 10,000 coins

this f...cking dev.. he listens. How many times did he restart the coin. how many time did his team change the codes? Everysingle time we complained!

i feel spoiled  Cheesy Cheesy Cheesy
legendary
Activity: 882
Merit: 1000
From the Dev:

Several members of the community wrote about how the Karmacoin rewards needed to be changed.  We are listening, and we are going to change the way the rewards work to make sure the large multi-miners cannot get an advantage in the rewards they get. 

This change will increase the value of the coin as well because the reward payouts will be more predictable and will remove an exploit that large-blackhat miners can take advantage of.  The coin inflation, total coins, planned coin release flow, etc will not change at all.  Estimated payouts in coinwarz, pools, coinmarketcap.com. etc will also not need to be changed as the estimates were based on the same numbers used in the new rewards program.

We will be posting a new version of the wallet shortly to implement the new rewards.

Currently, if someone has a large amount of hashpower (i.e. 1GH of mining capability) relative to the entire network, they can exploit the system by only mining when they determine the next block will have a large payout.  This issue is related to the way the random payouts work.  The random payout algorithm is the same that DOGE uses, only because DOGE's network is larger, the issue is not seen as readily with DOGE.  See http://www.reddit.com/r/dogemining/comments/1x1p76/something_is_rotten_in_the_state_of_doge_mining/ for more details.

The new rewards will work as following:

0-10,000 blocks => 10,000 + 1,000,000 bonus
10,000-25,000 blocks => 10,000 + 750,000 bonus
25,000-50,000 blocks => 10,000 + 500,0000 bonus
50,000-100,000 blocks => 10,000 + 250,000 bonus
100,000-200,000 blocks => 10,000 + 100,000 bonus
200,000-300,000 blocks => 10,000 + 25,000 bonus
300,000-400,000 blocks => 10,000 + 10,000 bonus
500,000+ blocks => 10,000 coins

Excellent work dev, iam glad to see your standing by your coin and doing everything to help it survive in the crypto world.
member
Activity: 84
Merit: 10
From the Dev:

Several members of the community wrote about how the Karmacoin rewards needed to be changed.  We are listening, and we are going to change the way the rewards work to make sure the large multi-miners cannot get an advantage in the rewards they get. 

This change will increase the value of the coin as well because the reward payouts will be more predictable and will remove an exploit that large-blackhat miners can take advantage of.  The coin inflation, total coins, planned coin release flow, etc will not change at all.  Estimated payouts in coinwarz, pools, coinmarketcap.com. etc will also not need to be changed as the estimates were based on the same numbers used in the new rewards program.

We will be posting a new version of the wallet shortly to implement the new rewards.

Currently, if someone has a large amount of hashpower (i.e. 1GH of mining capability) relative to the entire network, they can exploit the system by only mining when they determine the next block will have a large payout.  This issue is related to the way the random payouts work.  The random payout algorithm is the same that DOGE uses, only because DOGE's network is larger, the issue is not seen as readily with DOGE.  See http://www.reddit.com/r/dogemining/comments/1x1p76/something_is_rotten_in_the_state_of_doge_mining/ for more details.

The new rewards will work as following:

0-10,000 blocks => 10,000 + 1,000,000 bonus
10,000-25,000 blocks => 10,000 + 750,000 bonus
25,000-50,000 blocks => 10,000 + 500,0000 bonus
50,000-100,000 blocks => 10,000 + 250,000 bonus
100,000-200,000 blocks => 10,000 + 100,000 bonus
200,000-300,000 blocks => 10,000 + 25,000 bonus
300,000-400,000 blocks => 10,000 + 10,000 bonus
500,000+ blocks => 10,000 coins
member
Activity: 111
Merit: 10
Yep, mined with 8000kH/s on http://pool.karmacoin.info/ and received about $25 worth of Karmacoin when I expected at least double that.  *sigh*, back to Dogecoin for now.
member
Activity: 135
Merit: 10
Guys new exchange to launch soon lazycoins.com. They look pretty cool we should vote now for them to add us

https://bitcointalk.org/index.php?topic=471779.0;all
legendary
Activity: 952
Merit: 1000
Stagnation is Death
The value will not go more down(its only bare 3 sats), it can only go up
legendary
Activity: 1274
Merit: 1000
bhahah sell karma at this cheap prices?Huh


the only reason the price is stable there is because people are holding their coins. they are smart. and only silly traders are trying to sell high and buy low.


This coin is fair. non premined. distributed around. Hard working Dev. Involved pool owners. And active reddit/twitter/facebook.

so yeah. the value of it rise. Halving just around the corner  
sr. member
Activity: 252
Merit: 250
So, either we, as a community, band together all of our hash into one megapool that can poach these high value blocks faster, and better than these mystery pools, or else we just lose.

simple choice, and it won't happen, what with free will and all...

therefore the people out there with 1000+ card rigs control the market, they manipulate the prices on exchanges putting up massive buy/sell walls so they buy at 3 and sell at 4, and no one else has enough BTC/hash/focus to be able to beat them at this game, therefore we will always lose.

get used to it, with this unregulated bullshit it's handing money over to criminals looking to abuse the system for their own advantage. if we're not all united and IMMEDIATELY put a stop to it (ie. oh they're scamming all the 1mil+ blocks that no one else can get?, INSTA hard fork, no questions asked) then we're all accessories in this criminal behaviour.

how anyone could stand by and just "hope for the best, it's karma afterall!" are delusional sheep. you're aiding criminals. good luck with that.

TL:DR
-------------
the rich get richer, the poor stay ignorant

The whole thing is a mess right now. Cashing out now 1/2 of my Karma coins take my 1 btc profit and be done. The price is not going to budge for a while. Everyone should read your post very carefully........
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