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Topic: [ANN][SCRYPT] Dotcoin - page 17. (Read 81772 times)

full member
Activity: 197
Merit: 100
October 17, 2015, 01:59:52 AM
Im interested in this because of the cryptopia connection and all but there doesn't seem to be much input on here from the dev team. Can anyone aware me why that is please? It seems that this should be trading higher when I see so many coins fighting to get on the platform byt can sort of see why there isn't much interest too.

A xx
The devs are mostly focusing on improving cryptopia itself from what I've seen, there's not much to do regarding DOT if anything. If it ain't broke don't fix it. I've been mining and trading DOT for a month and it works like any other well built cryptocurrency.

Trading between 22-23 satoshis now, solid buying pressure slowly forcing price up. https://www.cryptopia.co.nz/Exchange?market=DOT_BTC

The cool thing about DOT is it's used to buy shares, votes, and often tipped, so that gives it some intrinsic value because people buy millions of DOT everyday just to spend them at Cryptopia.

Less than 250 million DOT in circulation, not accounting for lost or burned coins. The price of DOT should rise alot as people catch on, that's a small amount of coins relative to most cryptos. Adding it to another exchange will trigger a rally.
newbie
Activity: 34
Merit: 0
October 16, 2015, 07:00:08 PM
Im interested in this because of the cryptopia connection and all but there doesn't seem to be much input on here from the dev team. Can anyone aware me why that is please? It seems that this should be trading higher when I see so many coins fighting to get on the platform byt can sort of see why there isn't much interest too.

A xx
hero member
Activity: 508
Merit: 500
TekyBoy Crypto Services
October 16, 2015, 06:15:00 PM


TekyBoy Mining Pool

Pool is up and running, send some hashes and enjoy low mining fee over a weekend

Happy Mining!!!!

https://www.facebook.com/tekyboydotcom
https://twitter.com/tekyboy/status/655162216455520256
 
full member
Activity: 197
Merit: 100
October 16, 2015, 08:24:04 AM
Market seeing solid buying action this morning, now at 22-23 satoshis ( https://www.cryptopia.co.nz/Exchange?market=DOT_BTC ). Currently there are 249.4 million DOT in circulation, yielding a market cap of 55-57 Bitcoins. Solid increase from 37.5 Bitcoins in early September. Still very early in the DOT game, I'm excited at the prospects.

legendary
Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
October 16, 2015, 01:57:53 AM
DOT lurking Wink
full member
Activity: 197
Merit: 100
October 16, 2015, 01:47:18 AM
Market showing signs of life with several orders in the millions, solidly at 22 satoshis. With 249,255,000 DOT in circulation that yields a market cap of 55 Bitcoins ($14000). Up 5 BTC from yesterday

Currently only traded at Cryptopia but thats about to change https://www.cryptopia.co.nz/Exchange?market=DOT_BTC
sr. member
Activity: 582
Merit: 250
Owns of Waya Wolf Coin - WW Supports the Wolf Park
October 16, 2015, 01:15:25 AM
I think DOT is a coin to watch.  Unlike many of the shitcoins out there, DOT has a strong community base and is widely used on Cryptopia.  The future of DOT is bright and its a coin to get and hold, you wont be sorry.  I just want to plug Cryptopia, its more than just an exchange, its one shop stopping for all of your crypto needs.  I list items in their MarketPlace and DOT is a currency I would gladly take!

Cheers,
Waya
full member
Activity: 163
Merit: 100
October 16, 2015, 12:42:13 AM
DOT is an interesting coin to watch because it is the official currency of Cryptopia. I've been buying it up at 15-23 sats. I think it is a good buy and hold coin.
full member
Activity: 197
Merit: 100
October 15, 2015, 03:06:06 PM
How high do you think dot will go once poloniex, bittrex, or cryptsy adds it? Right now 20-22 satoshis, 249 million coins in circulation.
sr. member
Activity: 486
Merit: 250
Technician
October 14, 2015, 11:55:21 AM
Hello. When the Windows wallet? And when will the alternative pools?
http://pool.e-waluty.net.pl
full member
Activity: 197
Merit: 100
October 14, 2015, 11:40:10 AM
Dot market volume picking up nicely, up to 22 satoshis now. Millions of DOT bought up this morning https://www.cryptopia.co.nz/Exchange?market=DOT_BTC

It's a small market so not gonna take much to push this into overdrive.
full member
Activity: 197
Merit: 100
October 14, 2015, 09:57:06 AM
Dotcoin likely to generate large profits for early adopters



Dotcoin (DOT) is a cryptocurrency which launched in March 2014. It uses the scrypt hashing algorithm, so it can be generated by the same equipment used to mine Litecoin and Dogecoin. There are currently 248.3 million DOT in circulation and eventually there will be 890 million DOT. This is actually a relatively small amount of coins, for example Dogecoin has 101 billion coins at this time. 500 DOT is rewarded to miners for each block and there is a new DOT block every 2 minutes, yielding 360,000 new DOT per day for miners. The relatively small amount of total DOT in the world and the slow pace at which DOT is mined are conducive for a price increase.

DOT is the official coin of Cryptopia ( https://www.cryptopia.co.nz/ ), which is a cryptocurrency exchange and mining platform based in New Zealand. Cryptopia has the potential to become the biggest website in the alternate cryptocurrency world due to its streamlined design and wide variety of options. There are dozens of cryptocurrencies which you can trade, with 7 trading pairs to choose from for each coin. Dozens of mining pools are directly integrated into Cryptopia so you can mine and trade cryptocurrency on the same site, eliminating the arduous task of transferring coins from your pool to an exchange. Cryptopia also has a built-in chat, and this has become quite popular. People talk about cryptocurrency 24/7 on cryptopia chat, making it a great place to learn about cryptocurrency and keep up to date on the latest news. Tips are integrated directly into the chat, so users can send a plethora of different cryptocurrencies to each other instantly. Cryptopia is a great place for new cryptocurrency users, within an hour of joining I had over a dozen different types of cryptocurrencies, all given to me by other users for free. These tipped coins go directly into your balance and you can trade them on the in-house exchange. DOT can also be used to vote for new cryptocurrencies to be added to the exchange, to invest in Cryptopia via buying shares, and is the most common tipping coin in the chatroom.

Most alternate cryptocurrencies have little intrinsic value, but DOT is different since it is directly tied to Cryptopia. As Cryptopia grows so will the demand for DOT, and I expect the price of DOT to go up substantially. Currently it costs 20-21 satoshis to buy DOT, yielding a total market cap of ~50 Bitcoins. Even a slight increase in DOT demand could cause a significant price increase, it would only take 10 Bitcoins or so to cause a major rally, and in the cryptocurrency world that isn’t much. DOT is guaranteed to go up as Cryptopia expands, and those who buy it at the current price of 20-21 satoshis will undoubtedly profit. It won’t be long until DOT is traded on other cryptocurrency exchanges such as bittrex, poloniex, cryptsy, c-cex, bleutrade, etc. The mere action of adding DOT to another exchange will likely cause a major price increase, and I expect that to happen in the next week.

DOT can be bought with Bitcoin at https://www.cryptopia.co.nz/Exchange?market=DOT_BTC Currently it costs 0.021 Bitcoins to buy 100,000 DOT and 0.21 Bitcoins to buy 1 million DOT. There are only 248.3 million DOT in the world as of this writing, so even buying 1 million DOT could end up being highly lucrative as Cryptopia expands and the demand for DOT increases. Additionally DOT can be bought with Litecoin, Dogecoin, Feathercoin, Popularcoin, and Unobtanium. The variety of DOT trading pairs creates numerous arbitrage opportunities, where one could profit simply by buying DOT on one pair and selling on another.

Clearly we are still in the early days of DOT since it is so cheap to buy a ton of it. This is the time to mine and buy DOT, before it is added to a major exchange, since I expect DOT to exceed 100 satoshis and the hashrate to jump an order of magnitude the week that occurs. Cryptopia will easily become one of the biggest platforms in the cryptocurrency world on its current trajectory, and demand for DOT will inexorably and significantly increase in the long term. I haven’t seen such a promising cryptocurrency in a long time, it’s reminiscent of the early days of Dogecoin.

Full article at: http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/dotcoin/

Hello. When the Windows wallet? And when will the alternative pools?
The best pool is on cryptopia: https://www.cryptopia.co.nz/MineShaft?pool=DOT

There is a good 100-500 mh/s not on that pool at any given time, so I think there is another pool, would be nice if someone linked to it. Could be solo miners tho.
newbie
Activity: 6
Merit: 0
October 14, 2015, 09:12:10 AM
Hello. When the Windows wallet? And when will the alternative pools?
full member
Activity: 213
Merit: 100
October 14, 2015, 08:31:53 AM
DOT coin has many features. 
                                        Master Node to any coin that makes Cryptopia
                                        Mining Pool to any coin that makes Cryptopia
                                        Reward faucet for any coin that makes Cryptopia
                                        Arbitrage for any coin that makes Cryptopia
                                        Provides market place for any coin that makes Cryptopia

DOT coin fuels the features for Cryptopia the cryptographic hub to fair launch coins.  Check out the site www.cryptopia.co.nz
full member
Activity: 197
Merit: 100
October 14, 2015, 02:51:04 AM
Someone just bought 2 million dot at once, and a few hundred thousand DOT of other buy orders in the past hour. I feel a rally brewing https://www.cryptopia.co.nz/Exchange?market=DOT_BTC

21 satoshis at this time, almost at 22
legendary
Activity: 1204
Merit: 1000
to your stations, man the pineapples!!!
October 14, 2015, 02:45:17 AM
Block Height: 1
Block Time: 3/30/2014 9:42:09 PM

30 second blocks. we should be around block 1.500.000
but we're not even 500.000

what's going on  with that ?

lol and with 10.000 in the first 12 hours
 Block Height: 10000
Block Time: 3/31/2014 9:21:30 AM

--

 Block Height: 50400
Block Time: 7/1/2014 9:03:49 PM

 Block Height: 108000
Block Time: 9/1/2014 10:53:29 AM

 Block Height: 151200
Block Time: 10/17/2014 9:44:42 AM

 Block Height: 201600
Block Time: 12/10/2014 1:14:01 AM

 Block Height: 252000
Block Time: 1/31/2015 9:10:59 AM

 Block Height: 302400
Block Time: 3/25/2015 11:46:49 AM


looks like 2 minute blocks which will go with code suggesting 890000 blocks is 4 years..

https://github.com/CryptopiaNZ/DOT/blob/master/src/main.cpp#L1076
{
    int64 nSubsidy = 500 * COIN;

    // Subsidy is cut in half every 890000 blocks, which will occur approximately every 4 years
    nSubsidy >>= (nHeight / 890000);

    return nSubsidy + nFees;
}

but code also says

static const int64 nTargetSpacing = 10 * 60;

so Huh?



looks like block time is in the KGW implementation - s it's 1.5 minute blocks

 +    static const int64   BlocksTargetSpacing         = 1.5 * 60; // 1.5 minutes

https://github.com/CryptopiaNZ/DOT/blob/master/src/main.cpp#L1076
full member
Activity: 197
Merit: 100
October 14, 2015, 02:22:56 AM
That's actually a good thing for DOT's supply if true. There's 4 times less dot being produced per minute than the original announcement says. The OP probably just made an error when writing this thread
legendary
Activity: 1204
Merit: 1000
to your stations, man the pineapples!!!
October 14, 2015, 02:17:06 AM
 Block Height: 1
Block Time: 3/30/2014 9:42:09 PM

30 second blocks. we should be around block 1.500.000
but we're not even 500.000

what's going on  with that ?

lol and with 10.000 in the first 12 hours
 Block Height: 10000
Block Time: 3/31/2014 9:21:30 AM

--
 Block Height: 20000
Block Time: 5/23/2014 3:16:35 AM

 Block Height: 30000
Block Time: 6/5/2014 6:48:20 AM

 Block Height: 40000
Block Time: 6/18/2014 3:31:40 PM

 Block Height: 50400
Block Time: 7/1/2014 9:03:49 PM

 Block Height: 108000
Block Time: 9/1/2014 10:53:29 AM

 Block Height: 151200
Block Time: 10/17/2014 9:44:42 AM

 Block Height: 201600
Block Time: 12/10/2014 1:14:01 AM

 Block Height: 252000
Block Time: 1/31/2015 9:10:59 AM

 Block Height: 302400
Block Time: 3/25/2015 11:46:49 AM


looks like 2 minute blocks which will go with code suggesting 890000 blocks is 4 years..

https://github.com/CryptopiaNZ/DOT/blob/master/src/main.cpp#L1076
{
    int64 nSubsidy = 500 * COIN;

    // Subsidy is cut in half every 890000 blocks, which will occur approximately every 4 years
    nSubsidy >>= (nHeight / 890000);

    return nSubsidy + nFees;
}

but code also says

static const int64 nTargetSpacing = 10 * 60;

so Huh?
full member
Activity: 197
Merit: 100
October 14, 2015, 01:53:22 AM
I think DOT has a very bright future since it is Cryptopia's official cryptopcurrency. Cryptopia is gonna be huge, and therefore DOT is going to be huge. I'm accumulating as much as I can before it really takes off.

Currently it as at 20-21 satoshis, total market cap of 50 Bitcoins. Could easily rise even with a little investment, and there is no doubt people will be buying DOT as cryptopia grows. The primary exchange is here: https://www.cryptopia.co.nz/Exchange?market=DOT_BTC (also for those that havent been to cryptopia dont forget to go to the chat, tons of free cryptocurrency being given out all the time)

It will be added to some more exchanges soon too, which will likely result in a rally. Very strong devs too.

We're still in the early days of mining, 248.3 million dot total with 1.4 million fresh dot every day. I've been mining it for a month.
sr. member
Activity: 444
Merit: 250
September 24, 2015, 11:42:43 AM
Interesting...Though there is not much of a talk about this coins, since its owned by cryptoipa exchange and they do all transactions using the coin, DOT seems certainly has a good future.
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