Topic: [ANN][MAX] MAXcoin - PoW, ASIC Resistance, Keccak GPU Mining - page 99. (Read 914323 times)

As soon as MaxCoin mining becomes unprofitable we should start finding a support level on the price. Is the bottom close? I think it is. Are we there yet? No.

Maxcoin mining is not profitable anymore...at the the very beginning i made nice profit out of it, but now can't even cover my electricity bills.

ok. you're probably right.

i've been buying it on the way down, my system not nearly as refined as yours. I don't know if i've got the appetite for much more but i'm holding on through the pain anyway.

did this coin fork as I have the original wallet or do I need to upgrade softwear or is the original release still working? thx

I doubt it, that would undermine the whole coin and lose confidence the tiny bit it has. Tomorrow they can turn around and say sorry we're forking again... its usually not a smart move... Max knows markets, he can do basic math... so he knew this would happen... we are still not at a bottom yet so I think they probably just want to figure out what projects to roll out going forward....

To reduce block reward out of schedule and ahead of supposed halving time is a scam and also very stupid move given everything I posted earlier,
see EXC, ZET and PMC part at https://bitcointalksearch.org/topic/m.5626514

They better debate potential uses for already mined coins. GPU for MAX? Blowjob for MAX? Kick banker ass for MAX? That would be a good start!  

Means  he is preparing another coin or he is trying to pump up the price with fake news again.
Both can be called scams.

scamming? not sure what you mean.

More scamming?

any word on whether or not they're going to hard fork the coin and reduce the block reward? Max, on his twitter, said that he's meeting up with Nigel Smart and the dev's later this week in Bristol.

Some changes on DwarfPool

1. It's possible to separate your workers without changing the wallet-id now. This allows to get personal vardiff, if you have many rigs located behind stratum-proxy.

To specify the workers just enough to add in username (which is as wallet-id now), a number after point: YOUR_WALLET . NUMBER

Example:
The main way without number works as before.
 
2. Implemented a monitoring of your workers. In case of disconnection from all servers you get an email within 5 minutes.

To enable monitoring just run miner with an email instead of your password. To disable it enough to restart the miner without email as password.

Monitoring works for each worker and IP separately. With WORKER_ID you can separately monitor your rigs.

DwarfPool Quality you can trust! Profit Calculator

Maxcoin started with difficulty 0 so I would really like to know what you guys who bought early and bought a lot were thinking. Even right now, with
prices as they are, those who started mining at the very start are very much in plus and will stay so for a long time, until eventualy (and hopefuly not)
difficulty drops down to 0. Even then, if block time averages 30 seconds those who started mining at the very start would still be very much in plus
because block time average at the very start was just few seconds! All in all, even if Maxcoin was designed to not halve but stop coin generation 1 week
since start the price at the start (as it was) would still be extreme high and it is so because, as you can witness with EXC, ZET and PMC, once some coin
generation stops and coin fails to attract many users (not much use for it) not many miners actualy give a damn about coin anymore ... difficulty goes
down a lot which means you can not ask a lot of money for coins. Not many are so retarded to pay super high price (and thus make early adopters very
rich) for a coin that has no use and that means less and less people will be mining, difficulty will drop to compensate and finaly even if price starts to
match low difficulty not many would put much money into coin because of one simple fact = low difficulty means almost anyone can successfuly do
51% attack. Basically, as proven by EXC, ZET and PMC, useless coin is going nowhere and all gibberish like specs, algo, whatever are totally irrelevant.

Bitcoin is not around 600 USD because it was the first cryptocoin. It costs that much because it is by far the most useful cryptocoin.

Just to make it clear, any cryptocoin which at this point in time started with difficulty 0 or similarly ridicule low values is an early adopter scam, period.

I wish I could say we are at the bottom. Downtrend still in force, supply still outstripping demand, even though less severely than last week.

Not a lot more downside from here though before it becomes unprofitable for miners to sell. May touch 0.00025 as some will panic sell.

If you are looking to obtain a small quantity <25K then try to time the bottom.

If you are looking for a larger holding, you may need to start accumulating soon (and work on overall price average) otherwise your actions will push the price higher while you try to collect.

Either way, those who purchased in weeks 1 and 2 were throwing money away and it was obvious due to the coin inflation level. If there was block rewards halving weekly I could understand, but block halving ~1 year - there was absolutely no hurry to purchase MaxCoin in those first weeks.

is maxcoin can mine by asic btc ?:

With cryptocoins it is almost always hard to tell when to buy or sell. The best strategy is to start buying or selling a little then buy or sell more if price
moves against you or in your favour. Here is my MAX investment so far, notice the gaps where it was obvious price will go down more so I removed
buy order to not end up with too much MAX at high average price. I'm now "fishing" at 0.00025 for a total of 0.8 BTC and hoping for massive dump
to fill my orders at 0.000125 and eventualy 0.0000625, that would massively help to reduce currently not so good average buy price (the last column).

0,00140000   0,02000000   14,28571429
0,00135000   0,02000000   14,81481481   0,04000000   29,10052910   0,00137455
0,00130000   0,02000000   15,38461538   0,06000000   44,48514449   0,00134876
0,00125000   0,02500000   20,00000000   0,08500000   64,48514449   0,00131813
0,00120000   0,02500000   20,83333333   0,11000000   85,31847782   0,00128929
0,00115000   0,05000000   43,47826087   0,16000000   128,79673869   0,00124227
0,00110000   0,05000000   45,45454545   0,21000000   174,25128414   0,00120516
0,00105000   0,05000000   47,61904762   0,26000000   221,87033176   0,00117186
0,00100000   0,05000000   50,00000000   0,31000000   271,87033176   0,00114025
0,00095000   0,05000000   52,63157895   0,36000000   324,50191071   0,00110939
0,00090000   0,10000000   111,11111111   0,46000000   435,61302182   0,00105598
0,00085000   0,10000000   117,64705882   0,56000000   553,26008064   0,00101218
0,00080000   0,10000000   125,00000000   0,66000000   678,26008064   0,00097308
0,00075000   0,10000000   133,33333333   0,76000000   811,59341398   0,00093643
0,00070000   0,10000000   142,85714286   0,86000000   954,45055683   0,00090104
0,00065000   0,20000000   307,69230769   1,06000000   1262,14286453   0,00083984
0,00060000   0,00000000   0,00000000   1,06000000   1262,14286453   0,00083984
0,00055000   0,00000000   0,00000000   1,06000000   1262,14286453   0,00083984
0,00050000   0,40000000   800,00000000   1,46000000   2062,14286453   0,00070800 <--- currently at this point
0,00045000   0,00000000   0,00000000   1,46000000   2062,14286453   0,00070800
0,00040000   0,00000000   0,00000000   1,46000000   2062,14286453   0,00070800
0,00035000   0,00000000   0,00000000   1,46000000   2062,14286453   0,00070800
0,00030000   0,00000000   0,00000000   1,46000000   2062,14286453   0,00070800
0,00025000   0,80000000   3200,00000000   2,26000000   5262,14286453   0,00042948
0,00020000   0,00000000   0,00000000   2,26000000   5262,14286453   0,00042948
0,00012500   0,80000000   6400,00000000   3,06000000   11662,14286453   0,00026239
0,00006250   1,60000000   25600,00000000   4,66000000   37262,14286453   0,00012506

So, by utilizing a variation of Martingale betting system (http://en.wikipedia.org/wiki/Martingale_%28betting_system%29) one can end up with
very good average price. Above you can see that even though I started buying at 0.0014 if all buy orders end up filled my average price (no profit if
I sell all at that price) would be 0.00012506 with total 4.66 BTC invested and around 37k MAX bought. Even if price would stay at 0.0000625 at that
point I would be in loss for only 50% around 2.33 BTC. If price later goes up 100 times, to 0.012506 which is very possible given it was at 0.005 at
one point already, that would return 4.66 BTC > 466 BTC a massive profit if I manage to sell all MAX at 0.012506

If price stays around current levels I will just move my buy orders higher, to 0.003 or so, or even buy at around 0.0035 for like 0.8 BTC in total.

Anyone who thinks he or she will always enter or exit market at absolute bottom or absolute top is a noob trader. That is not how investments work.

Thanks welcomed at mTpxbaoEbNoryabX2k8UCjiTmSdLZzAnmG  

that's right you can spin it and twist it any way you like SCRYPT is dead  the future is cPoW , probably the permanent solution also distributions will shorten, so we will see this effect where Devs choose froma  number of algos  and then a random function to make a cPoW  (complex Proof of Work) distribute it in a relatively short time, then have an ongoing reward.

just like Quark. (Intel loves us)

the point is, there is no other solution, so the market will move this way everything else is relative noise.

cPoW even makes redundant the need for N factor or Memory hard algo -

Think in the opposite way, someone won 10 btcs out of maxcoin because of your stupidity and buying high. Looking at the overall downtrend of maxcoin i doubt now is the right time to go long.

You know you won't get a non biased answer here , right?
Also , nobody knows for sure , and if he would , he wouldn't say it on a public forum.