[ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 158.

nrg_wolf

legendary

Activity: 882

Merit: 1000

If this issue is not addressed very quickly, I will start selling constantly at 1 satoshi with different accounts on different exchanges. I will sell in short 1000 - 1500 karms. I have 86 million karms. Guess what will happen with this coin. We are all going to be good or not. The choice is yours.

as much as i wouldnt think would be a good approach, i do agree with your idea. i only hold 10mill and would have liked to have continued to mine karma but not wasteing my power on a coin that pays out only approx 40% of what i should actually be getting.

nrg_wolf

legendary

Activity: 882

Merit: 1000

the calculator on coinwarz is not able to calculate whats actually going on atm, so all those who are jumping on the karma band wagon are being mislead. the devs must remove the random block reward. Leaf coin is haveing the exact same issue and they are looking into removeing the random block reward to level the playing field.... DEV something must be done, once more people start to notice the lack of rewards or atleast a correct amount per Khash within 10% due to difficulty jumps, they will take thier khash elsewhere and this coin wall fall and die.....

pandher

legendary

Activity: 952

Merit: 1000

Stagnation is Death

I am launching a new forum for Indian crypto enthusiasts. I wanted to have a giveaway of karma's to first registrants but its been 30 hours and the dev hasnt replied on the question of sponsoring it. I think i might select a different coin

mison

full member

Activity: 224

Merit: 250

and now it is show in coinwarz as most profitable coin. So many people start to mine it, but they will mine just about 1/2 of that amount, maybe less. They will be angry. Or maybe 51% attacker will loose his power, witch will be good.

UKGunner

full member

Activity: 238

Merit: 100

Quote from: mashac on February 19, 2014, 06:06:55 AM

I hope dev respond soon to all this chaos.

Yes me to, with all this chaos and no dev responses on the subject starts a loss of faith in a coin which will lead to its death. Not a very smart move from them to ignore this.

mashac

hero member

Activity: 560

Merit: 500

I hope dev respond soon to all this chaos.

mison

full member

Activity: 224

Merit: 250

I was mined about one day with 5200ksh and all I get is 826 000KAR instead 3-4M. diff was 20 max 25 sometime. It is not normal.

trcwhale

member

Activity: 84

Merit: 11

Quote from: c4shm3n on February 19, 2014, 05:08:36 AM

Quote from: dingoKoin on February 19, 2014, 05:03:23 AM

wtf: been mining for an hour on http://pool.karmacoin.info/: not a single block, not a single coin??!???!!!

no its something broken in showing correct on this pool but the rewards are coming correct

I agree no blocks since 50 min now on that pool.

This is something seriously wrong.

c4shm3n

hero member

Activity: 719

Merit: 500

CLOAK Private,Secure & Untraceable Digitalcurrency

Quote from: dingoKoin on February 19, 2014, 05:03:23 AM

wtf: been mining for an hour on http://pool.karmacoin.info/: not a single block, not a single coin??!???!!!

no its something broken in showing correct on this pool but the rewards are coming correct

dingoKoin

member

Activity: 77

Merit: 10

wtf: been mining for an hour on http://pool.karmacoin.info/: not a single block, not a single coin??!???!!!

mison

full member

Activity: 224

Merit: 250

Quote from: ?? on ??

YOU DO NOT HAVE TO BE GENIUS TO SEE THE SCAM WITH THE REWARDS. FIX IT OR THE PYRAMID WILL COLLAPSE MY FRIENDS.

maybe it is not a scam from devs side, but only abuse of the wrong set system. And maybe someone own 51% of the network. Dogecoin have huge network, it is hardly possible to make 51% attack. Dogecoin rewards is lesser too, just because big players mining only most profitable blocks. If you can rewards for next block, it is easy aim your rigs just for the most profitable blocks. And who will mine blocks up to 200k? We do it. Big ones just aim their rigs to another coin until next block will be profitable for them. This random reward system is just BAD.

"The pattern is clear: the network is finding high-value blocks significantly faster than low-value blocks. Low-value rounds take as much as 10% longer than intended, and high-value rounds take around 5% less time than intended. Significant hashrate belongs to miners that cheat."

whole article: http://www.reddit.com/r/dogemining/comments/1x1p76/something_is_rotten_in_the_state_of_doge_mining/

imine253

member

Activity: 60

Merit: 10

Why hasn't the Dev said anything about what's going on and tried to come up with a reason why it is happening and a possible way to fix it? The miners are seriously getting screwed over.

mison

full member

Activity: 224

Merit: 250

Quote from: Karmagood on February 18, 2014, 06:44:24 PM

Karmacoin continues to explode! In the past 24 hours we have had more than 140BTC in trading on our coin. In addition, the rewards generated by miners will be drop from 1.5M max to 1M max per block in 3-4 days.

It is still the most profitable coin listed on altcoinstats.com, and is in the top 25 most traded coins in the alt-currency world.

We are a few days from launching the newly designed web site, we will post more information as we approach the date.

Thanks for the community and the great support from every one!!

sorry, but I must just say "BULLSHIT" . Maybe you are blind BTCBTC , but we all see that biggest block rewards someone manipulating. It will explode.. you have right. Can you explain why at average diff 25 we got just average 450000KARMA per block instead 755000? I have 5200khs rig and I can mine just about 1,2M per day instead 3M+ . It is NOT luck factor.. it is SCAM.

MCAltcoin

newbie

Activity: 42

Merit: 0

Quote from: CryptoMF on February 19, 2014, 12:08:11 AM

Quote from: MCAltcoin on February 18, 2014, 11:47:34 PM

Quote from: CryptoMF on February 18, 2014, 09:43:09 PM

Quote from: ShawnLeary on February 18, 2014, 09:19:07 PM

Quote from: CryptoMF on February 18, 2014, 09:00:54 PM

Quote from: ShawnLeary on February 18, 2014, 08:24:31 PM

Quote from: CryptoMF on February 18, 2014, 07:56:35 PM

ATTENTION EVERYONE WHO MINES OR BUYS KARMACOIN!!!

All the pools and regular miners getting massively ripped off on the block rewards right now. This is blatant and obvious to anyone who cares to look at the publicly available numbers. Their is no other explanation for what is happening. I am not going to try to tell anyone what to do but you look at the numbers and make your own decisions.

Last 24 hours of blocks found. Time period 4 pm on 2/17/2014 to 4 pm 2/18/2014 (PST timezone)

The two biggest pools for Karmacoin

http://karma.hashstrike.com = 230 blocks and 98155792.429 coins mined for an average block size of 426764

http://pool.karmacoin.info = 369 blocks and 163830536.742 coins mined for an average block size of 443905

Total blocks mined during this 24 hour period by everyone (numbers from the blockchain site) = 1411

Total number of coins mined with these 1411 blocks = 1082426659

Remove the coins and block mined by these two pools and you have the following:

1411 - (230 + 369) = 812 blocks by others

1082426659 - (98155792 + 163830536) = 820440331 coins mined by others

So then 820440331 / 812 = 1010394.496305419 average coins per block.

Yes ladies and gentlemen that means that the exploiters are getting over twice the number of coins per block as the top two pools combined over the last 24 hours. HOW IS THIS POSSIBLE IN A FAIR COIN? The profitability calculators for this coin are way off and should be cut in half to get the correct numbers for us miners. The trade volume is dominated by the exploiters who artificially inflate the coin to make it look attractive. You my friends are the patsies in this scheme.

These numbers do not lie. There is no way this is pure luck. In fact they tell us a truth that someone has found a massive exploit of the code behind Karmacoin and is using it in our face without any fear of being caught. They do not care

Well if the devs do not do something immediately to remedy this I am going to post this everywhere and anywhere that people will listen. The best thing you can do right now is spread the word about this far and wide so that all miners know to steer clear of Karmacoin until this is fixed. As for what you decide to do with your own hashing power and hard earned cash I will leave up to you but I am not touching this coin with a ten foot pole. Good luck to you all.

Honestly, is there a conspiracy at work or are you just out gunned in the mining world now? Try to stay positive, this is KarmaCoin after all! :-)

Huh? You are not making sense. Are you not able to do basic math? My numbers don't lie. The system in place in far from level and if you want to go on mining the coin or perhaps you already have a large position that you are trying to protect then so be it. I will let everyone make their own decisions. You seem to want to take jibes at me personally while avoiding directly addressing the numbers which speaks volumes in and of itself. I am trying to save others from making a mistake in thinking this coin is actually more profitable then it really is.

I just went back and read all of your posts from Vertcoin to Maxcoin etc and you seem to fall in love and then a few days later try to crush the coin by trash talking what you once admired. Just seeing a pattern and find it odd. Read the previous posts where fairness in mining was discussed. Quote those and make your case. Your arguments was addressed from what I have read. sorry.

Please everyone feel free to read my previous posts. You will see that what I am being accused of is not true. As far as my Maxcoin comment it was in pure sarcasm as the coin had already launched a day or two before my comment. Please don't try and attach me to this cancer of a coin. I don't recall never said anything negative about Vertcoin. I still hold almost everything I mined from that coin (I am only down the 4+ coins I donated to an African well project).

Karma used to be fair and the distribution was equal among miners, but no longer. That is why I have made this message. I want us all to have an equal shot at mining this coin. My arguments have never been directly addressed, sorry. I understand many of you may not like to hear what I am saying but the math and the facts speak for themselves. I have presented my case and evidence. Present some evidence to repute this without somehow having to attack me personally (really is that what this is going to come to?) and I will stop bringing it up.

I have not validated your information. How do you explain that that the network has 2.2Gh and Hashstrike and pool.karmacoin.info are around 40% of that? What are you proposing as the solution?

My guess is that the other 60% is the large miner. This seems pretty clear but maybe something else is going on. Who really knows? Right now the network actually has 3 Ghz and the two top pools are ~1.3 Ghz so your 40% ratio still holds. Seems strange that the other unexplained hashrate would go up in parallel to the pools increase to keep it's +50% majority. Maybe this majority is key for them to gain the advantage and makes it possible for them to get the vast unfair majority of the larger blocks?

The only fair solution that I can think of is to change from a random block bonus payout to a fixed block amount that is equal to the average of the block payouts at this level of the reward scheme for the coin so far. This ratio can then be carried over to the other levels when the block rewards decrease if necessary. This seems fair as it takes their advantage away and levels the playing field for all. I have already suggested this to the developer but have not heard back from him yet. Any other solutions are welcome.

That would mean another update of the wallet by the Dev and our agreement to this new approach. For my 20Mh of gear I did about 8M coins today (Feb 18, 2014). That is about .25 BTC at the 3 satoshi mark. That is consistent with the early DOGE days when difficulty was a lot lower. 147.7 or about 120kUSD changed hands today on coinmarket.io. That is 5B (~30%%) of the coin in 1 day changed hands. Has anyone been successful with fixed block amounts that you can share with us? Please correct or comment on anything I am saying - I am not trying to be rain man - just sharing my stories with the great unwashed.

nrg_wolf

legendary

Activity: 882

Merit: 1000

I hope the Dev does something about the block rewards asap. was supposed to have pulled about 2 mill since yesterday and only ended up with just over 700k.....

nrg_wolf

legendary

Activity: 882

Merit: 1000

Unless karma gains a few points in value, it will not be all that profitable to mine very soon at the growth rate, weather the added hash rate is from one person or a combined effort from the pools still comes to the same affect

CryptoMF

member

Activity: 70

Merit: 10

Quote from: MCAltcoin on February 18, 2014, 11:47:34 PM

Quote from: CryptoMF on February 18, 2014, 09:43:09 PM

Quote from: ShawnLeary on February 18, 2014, 09:19:07 PM

Quote from: CryptoMF on February 18, 2014, 09:00:54 PM

Quote from: ShawnLeary on February 18, 2014, 08:24:31 PM

Quote from: CryptoMF on February 18, 2014, 07:56:35 PM

ATTENTION EVERYONE WHO MINES OR BUYS KARMACOIN!!!

All the pools and regular miners getting massively ripped off on the block rewards right now. This is blatant and obvious to anyone who cares to look at the publicly available numbers. Their is no other explanation for what is happening. I am not going to try to tell anyone what to do but you look at the numbers and make your own decisions.

Last 24 hours of blocks found. Time period 4 pm on 2/17/2014 to 4 pm 2/18/2014 (PST timezone)

The two biggest pools for Karmacoin

http://karma.hashstrike.com = 230 blocks and 98155792.429 coins mined for an average block size of 426764

http://pool.karmacoin.info = 369 blocks and 163830536.742 coins mined for an average block size of 443905

Total blocks mined during this 24 hour period by everyone (numbers from the blockchain site) = 1411

Total number of coins mined with these 1411 blocks = 1082426659

Remove the coins and block mined by these two pools and you have the following:

1411 - (230 + 369) = 812 blocks by others

1082426659 - (98155792 + 163830536) = 820440331 coins mined by others

So then 820440331 / 812 = 1010394.496305419 average coins per block.

Yes ladies and gentlemen that means that the exploiters are getting over twice the number of coins per block as the top two pools combined over the last 24 hours. HOW IS THIS POSSIBLE IN A FAIR COIN? The profitability calculators for this coin are way off and should be cut in half to get the correct numbers for us miners. The trade volume is dominated by the exploiters who artificially inflate the coin to make it look attractive. You my friends are the patsies in this scheme.

These numbers do not lie. There is no way this is pure luck. In fact they tell us a truth that someone has found a massive exploit of the code behind Karmacoin and is using it in our face without any fear of being caught. They do not care

Well if the devs do not do something immediately to remedy this I am going to post this everywhere and anywhere that people will listen. The best thing you can do right now is spread the word about this far and wide so that all miners know to steer clear of Karmacoin until this is fixed. As for what you decide to do with your own hashing power and hard earned cash I will leave up to you but I am not touching this coin with a ten foot pole. Good luck to you all.

Honestly, is there a conspiracy at work or are you just out gunned in the mining world now? Try to stay positive, this is KarmaCoin after all! :-)

Huh? You are not making sense. Are you not able to do basic math? My numbers don't lie. The system in place in far from level and if you want to go on mining the coin or perhaps you already have a large position that you are trying to protect then so be it. I will let everyone make their own decisions. You seem to want to take jibes at me personally while avoiding directly addressing the numbers which speaks volumes in and of itself. I am trying to save others from making a mistake in thinking this coin is actually more profitable then it really is.

I just went back and read all of your posts from Vertcoin to Maxcoin etc and you seem to fall in love and then a few days later try to crush the coin by trash talking what you once admired. Just seeing a pattern and find it odd. Read the previous posts where fairness in mining was discussed. Quote those and make your case. Your arguments was addressed from what I have read. sorry.

Please everyone feel free to read my previous posts. You will see that what I am being accused of is not true. As far as my Maxcoin comment it was in pure sarcasm as the coin had already launched a day or two before my comment. Please don't try and attach me to this cancer of a coin. I don't recall never said anything negative about Vertcoin. I still hold almost everything I mined from that coin (I am only down the 4+ coins I donated to an African well project).

Karma used to be fair and the distribution was equal among miners, but no longer. That is why I have made this message. I want us all to have an equal shot at mining this coin. My arguments have never been directly addressed, sorry. I understand many of you may not like to hear what I am saying but the math and the facts speak for themselves. I have presented my case and evidence. Present some evidence to repute this without somehow having to attack me personally (really is that what this is going to come to?) and I will stop bringing it up.

I have not validated your information. How do you explain that that the network has 2.2Gh and Hashstrike and pool.karmacoin.info are around 40% of that? What are you proposing as the solution?

My guess is that the other 60% is the large miner. This seems pretty clear but maybe something else is going on. Who really knows? Right now the network actually has 3 Ghz and the two top pools are ~1.3 Ghz so your 40% ratio still holds. Seems strange that the other unexplained hashrate would go up in parallel to the pools increase to keep it's +50% majority. Maybe this majority is key for them to gain the advantage and makes it possible for them to get the vast unfair majority of the larger blocks?

The only fair solution that I can think of is to change from a random block bonus payout to a fixed block amount that is equal to the average of the block payouts at this level of the reward scheme for the coin so far. This ratio can then be carried over to the other levels when the block rewards decrease if necessary. This seems fair as it takes their advantage away and levels the playing field for all. I have already suggested this to the developer but have not heard back from him yet. Any other solutions are welcome.

gyga800

full member

Activity: 126

Merit: 104

- Mining. Hosting. Cloud Mining.

We are in coinwarz

MCAltcoin

newbie

Activity: 42

Merit: 0

Quote from: CryptoMF on February 18, 2014, 09:43:09 PM

Quote from: ShawnLeary on February 18, 2014, 09:19:07 PM

Quote from: CryptoMF on February 18, 2014, 09:00:54 PM

Quote from: ShawnLeary on February 18, 2014, 08:24:31 PM

Quote from: CryptoMF on February 18, 2014, 07:56:35 PM

ATTENTION EVERYONE WHO MINES OR BUYS KARMACOIN!!! All the pools and regular miners getting massively ripped off on the block rewards right now. This is blatant and obvious to anyone who cares to look at the publicly available numbers. Their is no other explanation for what is happening. I am not going to try to tell anyone what to do but you look at the numbers and make your own decisions.

Last 24 hours of blocks found. Time period 4 pm on 2/17/2014 to 4 pm 2/18/2014 (PST timezone)

The two biggest pools for Karmacoin

http://karma.hashstrike.com = 230 blocks and 98155792.429 coins mined for an average block size of 426764

http://pool.karmacoin.info = 369 blocks and 163830536.742 coins mined for an average block size of 443905

Total blocks mined during this 24 hour period by everyone (numbers from the blockchain site) = 1411

Total number of coins mined with these 1411 blocks = 1082426659

Remove the coins and block mined by these two pools and you have the following:

1411 - (230 + 369) = 812 blocks by others

1082426659 - (98155792 + 163830536) = 820440331 coins mined by others

So then 820440331 / 812 = 1010394.496305419 average coins per block.

Yes ladies and gentlemen that means that the exploiters are getting over twice the number of coins per block as the top two pools combined over the last 24 hours. HOW IS THIS POSSIBLE IN A FAIR COIN? The profitability calculators for this coin are way off and should be cut in half to get the correct numbers for us miners. The trade volume is dominated by the exploiters who artificially inflate the coin to make it look attractive. You my friends are the patsies in this scheme.

These numbers do not lie. There is no way this is pure luck. In fact they tell us a truth that someone has found a massive exploit of the code behind Karmacoin and is using it in our face without any fear of being caught. They do not care

Well if the devs do not do something immediately to remedy this I am going to post this everywhere and anywhere that people will listen. The best thing you can do right now is spread the word about this far and wide so that all miners know to steer clear of Karmacoin until this is fixed. As for what you decide to do with your own hashing power and hard earned cash I will leave up to you but I am not touching this coin with a ten foot pole. Good luck to you all.

Honestly, is there a conspiracy at work or are you just out gunned in the mining world now? Try to stay positive, this is KarmaCoin after all! :-)

Huh? You are not making sense. Are you not able to do basic math? My numbers don't lie. The system in place in far from level and if you want to go on mining the coin or perhaps you already have a large position that you are trying to protect then so be it. I will let everyone make their own decisions. You seem to want to take jibes at me personally while avoiding directly addressing the numbers which speaks volumes in and of itself. I am trying to save others from making a mistake in thinking this coin is actually more profitable then it really is.

I just went back and read all of your posts from Vertcoin to Maxcoin etc and you seem to fall in love and then a few days later try to crush the coin by trash talking what you once admired. Just seeing a pattern and find it odd. Read the previous posts where fairness in mining was discussed. Quote those and make your case. Your arguments was addressed from what I have read. sorry.

Please everyone feel free to read my previous posts. You will see that what I am being accused of is not true. As far as my Maxcoin comment it was in pure sarcasm as the coin had already launched a day or two before my comment. Please don't try and attach me to this cancer of a coin. I don't recall never said anything negative about Vertcoin. I still hold almost everything I mined from that coin (I am only down the 4+ coins I donated to an African well project).

Karma used to be fair and the distribution was equal among miners, but no longer. That is why I have made this message. I want us all to have an equal shot at mining this coin. My arguments have never been directly addressed, sorry. I understand many of you may not like to hear what I am saying but the math and the facts speak for themselves. I have presented my case and evidence. Present some evidence to repute this without somehow having to attack me personally (really is that what this is going to come to?) and I will stop bringing it up.

I have not validated your information. How do you explain that that the network has 2.2Gh and Hashstrike and pool.karmacoin.info are around 40% of that? What are you proposing as the solution?

zbomb5610

newbie

Activity: 13

Merit: 0

I do agree that when you look at your expected number vs what you actually get it is pretty far off. I have noticed that much over the past week.

Topic: [ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 158. (Read 352488 times)