[ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 192.

JohnCar

sr. member

Activity: 252

Merit: 250

Quote from: Khaoimon on February 08, 2014, 07:19:27 AM

Quote from: mailliam on February 08, 2014, 07:15:48 AM

Quote from: Khaoimon on February 08, 2014, 07:04:21 AM

Quote from: UdjinM6 on February 08, 2014, 06:47:37 AM

Quote from: Winky on February 08, 2014, 06:34:32 AM

With currently ~ 204060373384 coins in existence and a price of 5 sat per KARM we have a
Market cap of 7.274.752 $, which would be place 15 at coinmarketcap. I think this is way too overpriced and KARM will see a LTC market soon. Even buying at 2-4 sat is very risky imho.

Hmm...Features at first post says: "Approximately 92 billion total coins"
Where can I see currently mined coins? Where did you get this number - 204 060 373 384 ??

Their math is currently quite wrong. Even if the block awarded a 2mil bonus we wouldn't hit 20bil until 9-10k blocks, much less 200bil-more than the total. But since its not 2mil per block, but up to that amount, it will be even less than that at 10k. Unless I'm reading the block explorer wrong there are currently 7.5bil with 7485 blocks mined. At the price quoted that would give a current market value of 300kish--assuming btc at 800 not the 700-760 it currently is.

How often do you get the 2million bonus if it is not per block?

Last 10 blocks of my pool are 160k, 1.6mil, 400k, 250k, 81k, 320k, 25k, 660k, 260k, 1.6mil. It is UP TO a 2mil bonus. Not consistently. Should be interesting when we hit 10k and the reward drops to UP TO 1.5mil considering those numbers.

link to your pool please.....

Khaoimon

newbie

Activity: 59

Merit: 0

Quote from: mailliam on February 08, 2014, 07:15:48 AM

Quote from: Khaoimon on February 08, 2014, 07:04:21 AM

Quote from: UdjinM6 on February 08, 2014, 06:47:37 AM

Quote from: Winky on February 08, 2014, 06:34:32 AM

With currently ~ 204060373384 coins in existence and a price of 5 sat per KARM we have a
Market cap of 7.274.752 $, which would be place 15 at coinmarketcap. I think this is way too overpriced and KARM will see a LTC market soon. Even buying at 2-4 sat is very risky imho.

Hmm...Features at first post says: "Approximately 92 billion total coins"
Where can I see currently mined coins? Where did you get this number - 204 060 373 384 ??

Their math is currently quite wrong. Even if the block awarded a 2mil bonus we wouldn't hit 20bil until 9-10k blocks, much less 200bil-more than the total. But since its not 2mil per block, but up to that amount, it will be even less than that at 10k. Unless I'm reading the block explorer wrong there are currently 7.5bil with 7485 blocks mined. At the price quoted that would give a current market value of 300kish--assuming btc at 800 not the 700-760 it currently is.

How often do you get the 2million bonus if it is not per block?

Last 10 blocks of my pool are 160k, 1.6mil, 400k, 250k, 81k, 320k, 25k, 660k, 260k, 1.6mil. It is UP TO a 2mil bonus. Not consistently. Should be interesting when we hit 10k and the reward drops to UP TO 1.5mil considering those numbers.

ptman

sr. member

Activity: 532

Merit: 250

Quote from: Winky on February 08, 2014, 06:34:32 AM

With currently ~ 204060373384 coins in existence and a price of 5 sat per KARM we have a
Market cap of 7.274.752 $, which would be place 15 at coinmarketcap. I think this is way too overpriced and KARM will see a LTC market soon. Even buying at 2-4 sat is very risky imho.

See the marketcap here (http://www.worldcoinindex.com/).

Its close to only 217,000 USD.

Your calculations are wrong.

mailliam

newbie

Activity: 35

Merit: 0

Quote from: Khaoimon on February 08, 2014, 07:04:21 AM

Quote from: UdjinM6 on February 08, 2014, 06:47:37 AM

Quote from: Winky on February 08, 2014, 06:34:32 AM

With currently ~ 204060373384 coins in existence and a price of 5 sat per KARM we have a
Market cap of 7.274.752 $, which would be place 15 at coinmarketcap. I think this is way too overpriced and KARM will see a LTC market soon. Even buying at 2-4 sat is very risky imho.

Hmm...Features at first post says: "Approximately 92 billion total coins"
Where can I see currently mined coins? Where did you get this number - 204 060 373 384 ??

Their math is currently quite wrong. Even if the block awarded a 2mil bonus we wouldn't hit 20bil until 9-10k blocks, much less 200bil-more than the total. But since its not 2mil per block, but up to that amount, it will be even less than that at 10k. Unless I'm reading the block explorer wrong there are currently 7.5bil with 7485 blocks mined. At the price quoted that would give a current market value of 300kish--assuming btc at 800 not the 700-760 it currently is.

How often do you get the 2million bonus if it is not per block?

Khaoimon

newbie

Activity: 59

Merit: 0

Quote from: UdjinM6 on February 08, 2014, 06:47:37 AM

Quote from: Winky on February 08, 2014, 06:34:32 AM

With currently ~ 204060373384 coins in existence and a price of 5 sat per KARM we have a
Market cap of 7.274.752 $, which would be place 15 at coinmarketcap. I think this is way too overpriced and KARM will see a LTC market soon. Even buying at 2-4 sat is very risky imho.

Hmm...Features at first post says: "Approximately 92 billion total coins"
Where can I see currently mined coins? Where did you get this number - 204 060 373 384 ??

Their math is currently quite wrong. Even if the block awarded a 2mil bonus we wouldn't hit 20bil until 9-10k blocks, much less 200bil-more than the 97bil total. But since its not 2mil per block, but up to that amount, it will be even less than that at 10k. Unless I'm reading the block explorer wrong there are currently 7.5bil with 7485 blocks mined. At the price quoted that would give a current market value of 300kish--assuming btc at 800 not the current price of 685-740.

jdebunt

legendary

Activity: 1596

Merit: 1010

Wellw e finally got around to doing the KarmaCoin article :

http://www.cryptoarticles.com/crypto-news/2014/2/8/karmacoin-because-its-good-for-you

UdjinM6

legendary

Activity: 1318

Merit: 1040

Quote from: Winky on February 08, 2014, 06:34:32 AM

With currently ~ 204060373384 coins in existence and a price of 5 sat per KARM we have a
Market cap of 7.274.752 $, which would be place 15 at coinmarketcap. I think this is way too overpriced and KARM will see a LTC market soon. Even buying at 2-4 sat is very risky imho.

Hmm...Features at first post says: "Approximately 92 billion total coins"
Where can I see currently mined coins? Where did you get this number - 204 060 373 384 ??

imine253

member

Activity: 60

Merit: 10

I can't wait for the gravity well update, because all the people getting on to mine when the diff drops and then leaving once they raised the diff is extremely annoying because it takes so long for the diff to drop again because the nethash just continues to drop. The sad part is it isn't even multicoin pools that are causing it, it's the people that actually want to mine Karma doing it.

sakkosekk

full member

Activity: 224

Merit: 100

Quote from: CoinThinker on February 08, 2014, 06:23:01 AM

Well, I still haven't sold my KARM... at this low price I rather loose all, than sell.

I am just laying back, and wait until it gets decent prices. Hopefully you will not push down the difficulty, because then more coins will be produced, and the easier is to create KARM, the cheaper it gets.

+1. I'm in your boat.

Winky

hero member

Activity: 506

Merit: 500

With currently ~ 204060373384 coins in existence and a price of 5 sat per KARM we have a
Market cap of 7.274.752 $, which would be place 15 at coinmarketcap. I think this is way too overpriced and KARM will see a LTC market soon. Even buying at 2-4 sat is very risky imho.

makemebeat

full member

Activity: 308

Merit: 100

Best like is donation

KLiGVyc75crWrHbGavtjYQYvKBdkJUiU8k

CoinThinker

sr. member

Activity: 462

Merit: 250

Only the best is The be best...

Well, I still haven't sold my KARM... at this low price I rather loose all, than sell.

I am just laying back, and wait until it gets decent prices. Hopefully you will not push down the difficulty, because then more coins will be produced, and the easier is to create KARM, the cheaper it gets.

Winky

hero member

Activity: 506

Merit: 500

How many coins are currently in existence?

mmayer707

newbie

Activity: 28

Merit: 0

Hmm this thing is gaining true Diff now. Awesome! Grin

elixir

full member

Activity: 224

Merit: 100

coinedup would be an amazing stepping stone for karma.

robin007bond

newbie

Activity: 20

Merit: 0

My account got locked on the Good Karma pool: pool.karmacoin.info. Anyone had similar problems?

I tried the activation link that I got, but it says: "Ticket expired". I emailed [email protected], but haven't got a respond yet.

Anyone? I also wiped my cache and cookies.

Khaoimon

newbie

Activity: 59

Merit: 0

Quote from: MuffinMaster on February 08, 2014, 03:12:28 AM

guess we are just waiting on the updates tomorrow.

by the way, what pools are getting lots of hashes? most of the pools on the list are 100-400

I'm wondering this as well, and the math doesn't add up. I've checked as many as I can find. I think there are some (or a) multipool(s) on it full time taking a chance. I don't know much about the infrastructure but if I was programing a multipool like middlecoin, that didn't reveal what was being farmed, I would be splitting the huge hash between several new coins for consistent profit rather than slamming one coins difficulty and then another.

farvali

full member

Activity: 233

Merit: 100

So the new wallet is gonna be released later today, if I got you right?

tylerbrad85

newbie

Activity: 42

Merit: 0

Quote from: WorldCoinIndex on February 08, 2014, 03:38:15 AM

Got u guys listed!

https://bitcointalksearch.org/topic/worldcoinindexcom-cryptocurrency-price-index-384546

Thanks

WorldCoinIndex

full member

Activity: 229

Merit: 106

Got u guys listed!

https://bitcointalksearch.org/topic/worldcoinindexcom-cryptocurrency-price-index-384546

Topic: [ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 192. (Read 352488 times)