Topic: [ANN][MOON] Mooncoin: You know where it's headed! KGW exploit FIXED 4/3/2014 - page 184. (Read 1106934 times)

If the price falls, so will the difficulty, hence the same profitability for the miner(s) and problem as before, only at a lower price-level.

Edit: The only thing that would help was, if all other miners except the cheating one(s) would stop mining. So they could not only mine the highly-rewarded blocks, but had to mine the other ones also.

Edit 2:
If you'd like to check the profitability of Mooncoin in comparison to other coins, see here:
http://cointweak.com/ (... omits Cryptsy at the moment for all coins, but the owner of the site is working on a solution)
But keep in mind, that the profitability is only valid for the average numbers coin mined over a certain time regarding the random-scheme of rewards (and therefore only if nobody cheats and does not get all the good blocks only).

Edit 3:
In one thing you're right: It would be funny, if the price was only 1 Litoshi in exactly that moment, when Cryptsy's wallet is open again and his coins are going to the market.  
But as we don't know WHEN that will be and we most probably cannot reach every bidder on Cryptsy, this scenario will presumably not be realistic ...  
Furthermore a coin is in danger of being delisted, if there is no trading-volume on the exchange anymore and/or the price is as low.

I tried to get more Mooncoins cheap during and after the Apollo days when the coins per block where 5 times higher than before. I thought I could get some cheapt MOON at 3 Litoshi. But no chance. The next block halving will come in some weeks...I think it will be impossible that MOON will fall lower than 4 Litoshi. Perhaps I will have luck to get some more at 4. We will see. Nevertheless I will try to change the random reward in source code. And I will not wait until price is falling to 1 Litoshi.

A dump to 1 would give this coin some room to breath again. Sell/ask walls are tremendous for a long time already.

I'm not wise in the world of trading but [read: clueless BS to follow]

If someone has been plucking the sweet rewards only to dump on Cryptsy AND Cryptsy's mooncoin wallet is under maintenance so they haven't been able to dump yet AND we keep pushing the price up via buy walls, isn't that a bad thing?  Would it not make sense for everyone to pull back their buys to 1 litoshi now, then when the "player" dumps we ("the faithful") can pick up the fruits of his labor cheaply, afterward re-establishing the price at 5,6,7 litoshi?  Right now it would appear that "we" have just made it much more profitable for him to dump then it was a week ago.

Again, I write code not trade currencies so please explain why I don't understand.
 

I'll send you a link to the reddit-post, that reveals how it was done for Dogecoin until they changed to static rewards. I don't want to post the link here, to prevent other irresponsible miners from using that, too. Would be nice, if you check that out and confirm it here. I'll also send that link to peme and redjedievolution, so that they can check that, too.

I can do this, changing the wallet source code from random to static rewards and deliver new compiled windows wallet and source code. But with the necessary hardfork I need help. And I also need someone else to compile the mac wallet. At the moment I am watching HIRO , they are changing to a new wallet and I am watching their hardfork. I want to avoid mistakes that lead to different blockchains.

Can a miner see upfront what the random reward of a particular block will be?

The only problem with placing at 5 Litoshi now with over 800 LTC already there could be, that you maybe never get coins, because you're the last in the line then. I'd say 6 Litoshi is still a good buy at the moment. Even 7 would not be too bad. If you're investing long term, it should be relatively negligible anyway, if 5,6 or 7. OK, the lesser the entry, the nicer the gain. But who cares for Litoshis anymore, when Mooncoin will be at the old highs again ...  

Edit: Just restartet the moonchain-server, so it is accessible again - was stuck, as it seemed. But please don't you all check the suspicious address 2QgWwFic9H45Waeac7Gr4iveRp8UUuPAy8 at once now again, ok?  

Edit 2: You could also only pick the latest blocks with the highest "value out" (example1, example2, example3) instead of checking the whole address and will see, that most of them by far have been found by that address. See "Generation: xxxxxxxx" - this is the reward, that has been paid to the block-finder, it can best be seen in blocks with only 1 transaction. You can then pick a block like this one or this one, where you can see the aggregated rewards being sent to another address ( 2LKFcMY6Uk3qYqA4NYbgDS274ei2kx3BNf ), which I suppose is Cryptsy's, because when I observed it over a certain timeframe, exactly those amounts were some minutes later sold on Cryptsy. We cannot countercheck this at the moment, because Cryptsy's wallet is under maintenance. But I'm sure, as soon as Cryptsy reopens the wallet, all the summed amounts from over the last days will be sold there and after that we can see transfers like linked above being sold there again, too. If you check those blocks, where the aggregated amounts are transferred from that address in question, you'll most probably never see any single amount below 200000 being sent from there ...
Now try the opposite and check several blocks with lower and lowest rewards. I bet, you'll never find that address above in it as the address to which the generated reward-coins were going. That explains, why many miners are disappointed by the rewards they get over time. They simply are being cheated by that dodger, who uses a script to only mine the higly rewarded blocks, leaving the other miners with the little crumbs. Just like here: http://www.reddit.com/r/MoonCoin/comments/2h0p1e/mooncoin_can_we_have_a_serious_discussion/
Btw: I am - of course - not seeing Mooncoin going down or even disappear from exchanges because of this, like he does, but totally can understand his frustration for not getting the rewards he has to get, for dedicating his hashrate to the Mooncoin-network.
The next problem that comes out of this is, that sometimes it lasts quite a time until a new block is found, because the miners that mine on the smaller rewarded blocks have the same difficulty and the cheater is mining something else, leaving the other miners with their small machines with the work, to only chime in again, when there's another big block to get, so he can make out like a bandit. Therefore we not only need this solved because of fairness, but also for the functionality of the coin, so that all blocks are found fast and transactions will be confirmed as soon as possible.

Conclusion: We need a dev, who can help us with handling the wallet update to address this problem by changing from random to static rewards AND doing the necessary hardfork of Mooncoin.

It's time for a mooncoin facebook site that has all details about mooncoin, news, pics, videos etc.:

https://www.facebook.com/pages/Mooncoin/295219240675256

Content will be added soon. 

this is .... NICE. 

Place your buy at 5 litoshi.

834ltcs can't be wrong 

Is it worth to start buying MOONs at this moment of time? What kind of development in terms of price do you guys expect?

I've tried it today myself already, after resetting the explorer. That was why the explorer was offline some time today, because I had to raise the limit, what the explorer shows for a single address and therefore you have to refill the Abe-database again, which takes ~4-6 hrs. The limit for the shown tx's per address in Abe is 1000 normally. That address has so much transactions, you won't believe it. You would have to wait really long, until the explorer has found all the single transactions. They start somewhat in June and then several tx's per hour. Just try it again when the explorer is less busy. Then you'll see, that all the reward-transactions are above ~250000 ...

Edit:
As I see, the server is overloaded at the moment. That is, why I left the limit at 1000 previously.
So please, people, have mercy with the server and don't try to check that address all at once now, so that at least the normal operation of showing the blockchain can still work. Thanks.  

Edit 2:
FYI: That address does not have so much balance, since all the rewards go straight into Cryptsy normally.

Only winners here, as it seems ...  

coinflow if i put this addres 2QgWwFic9H45Waeac7Gr4iveRp8UUuPAy8 into moonchain.net it breaks

try it....

Can we know how much mooncoins has this address?? We could imagine the dump when cryptsy moonwallet gets back

Just bought some mooncoin

I hope this coin rockets.

As I promised, just cryptsy wallet back online I'll buy 'all the votes for listed mooncoin on big exchange BLUETRADE...android and ios wallet are important for growth of mooncoins...their use creates value!! Now we use coinspot web wallet ...easy and fast .) don.t Sell a this price...i


Strong buy mooncoin...target price 20 satoshi

The rising price is nice, indeed. But keep in mind, that at the moment Cryptsy's Mooncoin-wallet is in maintenance-mode, which means that the miners cannot send their rewards to Cryptsy to sell them. So be prepared for the moment, when the wallet is open again and the aggregated mining-returns pour in. That will push the price down a little bit again, most probably.

For all miners who want to sell their Mooncoins and don't want to wait, until Cryptsy's wallet is out of maintenance, I'd recommend https://www.swisscex.com/market/MOON_LTC
The surface is nice and the support is really responsive, should there be anything to ask. It just works.

Regarding the bounty for an Android-wallet, that is a great idea. We only have to get deaconboogie communicating again with the community, so that he will post that into the first posting of this thread. This seems to be the hardest part.

Edit:
While talking about bounties: I'm still thinking about offering a bounty to the operator of www.coinplorer.com. Now that we have a working block explorer again to check addresses, we could offer him, that he can create a wallet-address, where we can send Mooncoins, so that we will reach, what he offered as minimum to be paid, to include Mooncoin into his service.
See this posting on reddit, which I opened some time ago: http://www.reddit.com/r/MoonCoin/comments/2c28yx/just_contacted_coinplorercom_to_get_mooncoin/

What do you all think?

Im very very happy with the actual projection of mooncoin! 

I still having mi 300LTCS on bid at 6. But i moved more founds directly to mooncoin.

Monday 29-september i'll put another 600LTCS in the bid. I wanna buy everything until 10, and place the rest at bid.


PD: I like the increasing of the price, as you said coinflow is better put at bid and push the price up instead of eat everything at ask, after it all dumpers will dump again. But if i place at bid, i'll push the price up and if you want to sell, im here to take all of your mooncoins...

Now i have 11bn!!!!!!!! 


ANOTHER SUBJECT:

Im thinking in the possibility of make BIG REWARD, something like 1 billion MOONCOINS of reward for do something like android wallet, etc... deaconboogie if you are reading this, you can participate, or anyone who loves mooncoin and want to be involved can do it.

Any ideas? 1 billion is a big amount!


Cheers and long life mooncoin!!!!! 

I updated the list of Mooncoin exchanges at mooncoin.rocks:
http://mooncoin.rocks/exchanges/