Topic: [ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 159. (Read 352488 times)

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 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.

i can half vouch for these facts, even i have noticed a far less take per 24 hours compared to what iam "supposed" to be getting..... something seriously is up and does show signs of someone playing the block chain....

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.

Guys just wait, Karma's time'll come.... Penguin coin was only worth 1-2 satoshi's until yesterday and look where it is now.  You just need to have patience and buy millions at this cheap price and enjoy your profits when the coin reaches it's true value after days or weeks. All who bought Penguin at 1 satoshi made atleast 7x profit in just one day. Penguin coin thread was more hopeless than this thread till yesterday. What you just need to do is buy up potential coins like Penguin and Karma when they are cheap and hold them.  So stop complaining and buy more Karma's. This coin has great potential and one day it'll sure reach it.

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!  :-)

                                              

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.

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!!

135btc/24h volume on coinmarket WOW!!!

congratulation KARMA!!!

+1


I"m seeing bid support increasing on large volume that is holding the price steady in the face of quick inflation at the beginning.  As the rewards are cut shortly and the new website launches, I expect to see prices start creeping up.

Guess thats karma

wow 69 (giggity) BTC bid on coinmarket.

Yes, from a technical standpoint, I believe we have turned a corner, this is the most buyers at 3 satoshi I have seen in a week and I think this is the bottom, no more 2 satoshi karma, so hopefully everyone got their fill.  I am long on this coin, and feel like the mission is just as valid if not more so, than sending bobsled teams to the Olympics.   Go KarmaCoin!!

time to buy karma!

FWIW I haven't mined KARM in a while, when I checked my wallet yesterday I saw networkhashps at ~60 mh/s with a diff over 40.  30 minute block times, so it does appear theres some people or a pool still mining a bad block chain.  Got kinda excited for a minute thinking I could solo mine this :-)

Is CoinMarket.io under DDOS attack again?  Can't access the site... again..

Well even if all this was as sound as people try to make it seem because the rewards estimate don't add up on a double luck based system, I would really like to see someone being there all day to try to snatch 25% or less higher reward every 1 minute.

would explain why i havent been getting around 2.5mill daily and only getting about 1 mill if iam lucky.....

I have not problem with random rewards, but this "random" is just predictable. So it is not random. And if it is not random it can be abused. And it is. Every time when doge will have high reward block, network hashrate increase and then drop. Just because for someone is better to mine only if he have chance for BIG rewards. I think it is the same in karmacoin. And it is unfair for common people like we are. I just think, that serious coin can not have random reward. If someone here have 51% net hashrate, he can easy mine his own way an if you will find 1,5M block and he too, he just can drop your block to trash because he have 51% of hashrate. That can explain his 1M+ rewards.