[ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] - page 141.

MaKii

full member

Activity: 168

Merit: 100

Quote from: placebo on March 07, 2014, 06:18:57 AM

Quote from: KlondikeCoin on March 07, 2014, 06:12:12 AM

Quote from: ph111 on March 07, 2014, 04:44:27 AM

Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too Tongue

!

Thankyou

POst planned for the net hash remained around 400, then the bad fork happened and after we had around 200 and the price suffered. Coinmarket.io exploded, poolionix or however it is spelt have been put into a temporary coma and coinedup is slowly being left to die.

The point is you cannot blame the fork for KDC's loss of traction, it is a series of events that have led to this downturn. Prior to the fork ~100k coins were being minted a day.

That means if those 100,000 coins were dumped on the market each day at 4k satoshis which is around what we were trading at then there would have needed to have been 4btc's of volume + whatever else was being traded to eat them up. Whilst i know some miners would hold, 4btc is nearly 10% of coinedups total exchange volume - do you really think we would be doing any better if we hadn't forked and were in the position we are in now with the exchanges?

In fact i would think that we would do even worse, als 100,000 coins will be dumped on the market. Yeap, we lost hashrate,but the people that stay are believer of the coin and not profit driven. IF you are profit driven then you don't mine KDC but another coin, if you want to look longer term then you mine KDC.

Everything was perfect after the fork. Price was rising and hashrate at 650mh/s. And then came this fork issue, nothing worked, and we were not on coinedup for over 24 hours. that was the badest mistake you can imagine for a coin and it killed the momentum and value of the coin. at the moment this issue happened i was so angry i wanted to sell every kdc that i have
, but i dont. I think we got throwen back 1 month or two because of this issue but it can also be that it killed the coin.. Me and alot of people really put a lot of work, time and money in this coin so i hope it will survive. will hold my savings in kdc..

placebo

legendary

Activity: 1120

Merit: 1000

Quote from: KlondikeCoin on March 07, 2014, 06:12:12 AM

Quote from: ph111 on March 07, 2014, 04:44:27 AM

Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too Tongue

!

Thankyou

POst planned for the net hash remained around 400, then the bad fork happened and after we had around 200 and the price suffered. Coinmarket.io exploded, poolionix or however it is spelt have been put into a temporary coma and coinedup is slowly being left to die.

The point is you cannot blame the fork for KDC's loss of traction, it is a series of events that have led to this downturn. Prior to the fork ~100k coins were being minted a day.

That means if those 100,000 coins were dumped on the market each day at 4k satoshis which is around what we were trading at then there would have needed to have been 4btc's of volume + whatever else was being traded to eat them up. Whilst i know some miners would hold, 4btc is nearly 10% of coinedups total exchange volume - do you really think we would be doing any better if we hadn't forked and were in the position we are in now with the exchanges?

In fact i would think that we would do even worse, als 100,000 coins will be dumped on the market. Yeap, we lost hashrate,but the people that stay are believer of the coin and not profit driven. IF you are profit driven then you don't mine KDC but another coin, if you want to look longer term then you mine KDC.

KlondikeCoin

member

Activity: 84

Merit: 10

Quote from: ph111 on March 07, 2014, 04:44:27 AM

Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too Tongue

!

Thankyou

POst planned for the net hash remained around 400, then the bad fork happened and after we had around 200 and the price suffered. Coinmarket.io exploded, poolionix or however it is spelt have been put into a temporary coma and coinedup is slowly being left to die.

The point is you cannot blame the fork for KDC's loss of traction, it is a series of events that have led to this downturn. Prior to the fork ~100k coins were being minted a day.

That means if those 100,000 coins were dumped on the market each day at 4k satoshis which is around what we were trading at then there would have needed to have been 4btc's of volume + whatever else was being traded to eat them up. Whilst i know some miners would hold, 4btc is nearly 10% of coinedups total exchange volume - do you really think we would be doing any better if we hadn't forked and were in the position we are in now with the exchanges?

placebo

legendary

Activity: 1120

Merit: 1000

Quote from: MysticDOGE on March 07, 2014, 05:05:31 AM

Got message from coyote (twitter promotions). There will be big news today, according to twitter coyote.

Good, i notice that he was doing some good work for Dopecoin, pitty less Dopecoins for me Cheesy

, but i believe that he can easily put some hash to KDC, if he want it Wink

Dammit, i want to buy a decent installation, but the electricity cost here is damm too high, else my house will be full of miners

MysticDOGE

full member

Activity: 126

Merit: 100

KlondikeCoin - Get Real Gold !

Got message from coyote (twitter promotions). There will be big news today, according to twitter coyote.

placebo

legendary

Activity: 1120

Merit: 1000

Quote from: ph111 on March 07, 2014, 04:44:27 AM

Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too Tongue

!

Indeed! And our marketing leader is working out a fantastic idea. really amazing. If his idea doesn't help to get us a hashrate above 250Mh/s then honestly i don't know what else we need to do. Maybe hire Wolong for a KDC pump to the moon

ph111

sr. member

Activity: 270

Merit: 250

Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too Tongue

!

tminer

full member

Activity: 182

Merit: 100

To increase nethash/price two suggestions for immediate results

1. buy some home made scrypt asics from Chinese or from market if it is available

2. put some smart buy pressure at mintpal after we get there (i think doing the same at coinedup is waste. 24 Hour Statistics at mintpal

   BTC Volume 1621.076 BTC
   LTC Volume 161.673 LTC
   Number of Trades 18955

BUT all the above two requires

Other things that can be done with out btc

1. contact some whale pumpers
2. LEFT FOR SUGGESTIONS
3. LEFT FOR SUGGESTIONS
4. LEFT FOR SUGGESTIONS

one thing we have to consider were we are the not alone in current disapponting price situation as placebo mentioned all altcoins are suffering now.

leafcoiners are the worst i think. many of them brought leaf at 20-25 satoshi and price now 3-4 satoshi, despite they continue with development and

promotion [ now they are developing android wallet for them http://leafco.in/android.jpg ]. so i think when in april or may when asics scrypt comes to

market, we can hope nethash rate increases proportionally. [even the least profitable sha-256 coin have high netrate with asics see http://goo.gl/e4CNrY]

bangomatic

legendary

Activity: 1246

Merit: 1000

ARK Team likes to ban and delete posts in reddit.

Determined as ever.

CriptoePools

newbie

Activity: 18

Merit: 0

Announcement - KDC CripToe Pools - Announcement

Criptoe KDC is discontinuing the 10% Block Finder Reward of 1.6KDC to focus on the JACKPOT

After handing out over 4100KDC in Block Finder Rewards, KDC CripToe is discontinuing this reward bonus. With diminished network hash-rate and miner participation this reward is not sustainable while still giving away 10 blocks of KDC every 10,000 network blocks in a Jackpot to KDC CripToe miners.

The jackpot system will be run as follows:

A drawing will be held every 10000 network blocks, where 10 blocks worth of KDC(160KDC) will be split up and given to three random miners. If the pool runs into issues during the week, either global KDC issues or extended pool downtime, the 160KDC will remain in the pool's jackpot fund to carry over until the next round. There will be a first, second, and third place prize of 50%, 30%, and 20% of the jackpot total.

To be considered for the jackpot, you have to have submitted shares to at least 75% of the blocks mined that jackpot round, from block 1 of that jackpot's round to block 10,000. This will be easy to follow, as the first jackpot will be calculated at block 94576(10k past the start of the fork). I believe the 75% requirement to be fair. It benefits any miner that sticks with the pool through the 10k network blocks, from the 20MH/s mining farm to the guy mining on an Nvidia GTX 8800.

In addition, if you win a jackpot one week, you can not win the next week's jackpot. You can however win the jackpot the following week. If you are caught using multiple accounts to cheat the system, all accounts connected to your main account, and your main account, will be deleted instantly, no questions asked. This should be a fair system, and something people can enjoy.

KDC CripToe has reduced the pool to only 1%

So point your miners at kdc.criptoe.com

DailyModo

hero member

Activity: 812

Merit: 1000

www.gamebet.gg

Quote from: 24Kilo on March 06, 2014, 11:46:49 PM

@jackdminer -

KDC will not survive another fork fiasco like the last one. And I nor anyone in the Criptoe Team is going to work another day on KDC for nothing to save it from itself.

KDC does not have enough network hash-rate to stay secure or handle multiple forks... at one time we were inputting nearly 100Mh/s to keep KDC from forking further.

KDC cannot wind the clock back... the only way is forward with the cards we have been dealt.

No more forks.

And no one at CripToe is mining KDC at the moment for the very reason you state. We are trying let KDC find an equilibrium of price/hash-rate/volume. If there is a threat of a 51% attack, we will bring hash-rate back to help secure KDC. But a balance must be found to move forward.

Edit - I am posting here because I believe that KDC and the community can work together to rebuild and grow KDC. When I stop posting...

I think everything should start by a higher ratio of hasrate\reward. When the price will start to go up more miners will come. The price will raise on the markets exchanges and then after maybe a month or 2 you can lower the reward again since the price will be established on the markets to show people it can grow continiously.

24Kilo

sr. member

Activity: 672

Merit: 250

@jackdminer -

KDC will not survive another fork fiasco like the last one. And I nor anyone in the Criptoe Team is going to work another day on KDC for nothing to save it from itself.

KDC does not have enough network hash-rate to stay secure or handle multiple forks... at one time we were inputting nearly 100Mh/s to keep KDC from forking further.

KDC cannot wind the clock back... the only way is forward with the cards we have been dealt.

No more forks.

And no one at CripToe is mining KDC at the moment for the very reason you state. We are trying let KDC find an equilibrium of price/hash-rate/volume. If there is a threat of a 51% attack, we will bring hash-rate back to help secure KDC. But a balance must be found to move forward.

Edit - I am posting here because I believe that KDC and the community can work together to rebuild and grow KDC. When I stop posting...

jackdminer

newbie

Activity: 56

Merit: 0

This might be a bit rambling but I wanted to touch on a few things.

Ok so to be clear those despised for profit miners that flooded the market with cheap coin is not exactly the story.

You see the profit miner doesn't just liquidate is order at the BID, he works his order, legs it out and tries to get the highest price he can, but he does get the buyers bought, that's important. Usually he also has some supporting BIDS as well. He exchanges all this for processing power and electricity.

Those that think the seller is setting the price now or before the fork just isn't participating or paying attention to which side a trade is closing on. The buyer has been in control on over 80% of trades.

This community needs to decide if they want a transactional coin with a stable inexpensive price to facilitate trade, or a speculative instrument. Once we figure that out we can proceed and build the coin. You cannot create both instruments from the same coin.

In the meantime we need to do a few things.

Coined up is the exchange we have we need to use it. Sell some coin, buy some coin, keep the spread tight. If you want to 'donate' your coin so we can get listed somewhere else feel free, but the bang for the buck is on trading the coin from both sides, your risk is small. This helps keep both ideas alive especially the transactional coin because a tight liquid market will reflect true value and build confidence.

If your hoarding the coin, stop mining. Yes another stupid idea, but you will reduce the net hash increasing the reward ratio for those that wish to make a market and provide liquidity. Liquidity drives action.

Mining the coin and putting it under your matress is fine, but the coin just isn't paying for hash with the current reward structure to support hoarders and market makers.

We need to hash out a new block time / reward system, convince the devs and fork the coin. But we need the goals of the coin to do this since a speculative coin would look very different from a transactional coin. The current system is just not designed for the realities of the alt coin market as a whole.

We seem to have a lot of marketing effort here and a few innovative ideas for crypto to fiat exchange. It's exciting for sure!

24Kilo

sr. member

Activity: 672

Merit: 250

Quote from: awright on March 06, 2014, 10:46:01 PM

yes miners are important and we have lost some of our hash rate

1. Miners are not important... miners are the coin. Crypto 101 - without miners to mint and confirm transactions, there is no coin. Miner are the very foundation of crypto currency, they provide the coin, they provide the means to transact, they guard the security of the coins.

2. We did not lose some hash-rate... We lost 75% of our hash-rate and now have an insecure blockchain which no large investor is going to ignore or be comfortable with.

All of this is a result of the fork. That is an undeniable fact. This is what jackdminer and kheg are raising a ruckus about.

Yes, KDC needs exposure and publicity... tons of it.

In simple and practical terms here is where we are...

Last night I was going to spend 10,000KDC to buy 2 - Raspberry Pi's I need for another project. Crazy I know, but I wanted to promote KDC circulation. If I had spent that 10,000KDC last night, those 10,000KDC would have landed on CoinedUp, SwissCex or other exchanges today to be sold at market price. The means that the sell order would have been placed to be filled, not placed to wait until the price rises to be filled, no... sold at market price.

Go look at all of the exchanges that KDC is listed, this amount of KDC would have cleaned up the buy orders into the low 20's or even into the teens. Someone just a few minutes ago put a 1BTC buy at 2500... so if those 10,000KDC did not hit until later today that would have been the floor. Earlier today, KDC would have looking at the teens.

This is the problem with KDC.

For KDC to gain sustainable hash-rate to secure the blockchain the price has go above and stay above 6000. Even then KDC is less than 50% as profitable as before the fork. For any real hash-rate to arrive, price must go above 10,000. You can bash miners all you want. If a miner cannot see a profit or at least a break-even, he is not going to mine long. He can't even if he wants to or he plans to hold for a mid-term gain. A decent size mining farm costs too much to run and maintain to operate long without a cash-flow.

KDC is in serious trouble.

And the only way out that I see at this point is for the community once more band together and invest heavily in KDC. Buy KDC until the price reaches sustainable mining levels and the network hash-rate returns along with higher trading volume with a close bid/ask spread to enable retailers to price products competitively in KDC.

I see adding KDC to more exchanges as wallpapering over the fundamentals and further dilution of trading volume.

And why not use SwissCEX... faster and for more secure than CoinMarket ever was/is... and makes CoinedUp look like a glorified spreadsheet.

awright

newbie

Activity: 3

Merit: 0

I think we are putting way too much emphasis on the fork, yes miners are important and we have lost some of our hash rate, but as some of the biggest alt coins around have shown , exposure is everything.

The volume of btc that mintpal goes through for example is probably 500x more daily then all of kdcs current exchanges combined.

We lost our main trading source in coinmarket.io , that is where I personally purchased every part of my KDC and none of the other exchanges kdc currently has come close to that.

You have coins like ultra coin , maza and aurora being pumped (and dumped) like crazy

Mint was nothing until it moved onto mintpal and even though it had a huge pump and dump, the price has stabilised and things are looking up for the coin

Coins like this and digital coin (for example) have some of the best developers and infrastructure in place (dgc has its own exchange...) yet the price is nothing because of lack of exposure.

The only way this coin is going to move forward is by getting more eyes on it, personally I am voting everyday on mintpal to get this coin more eyes, this should of been the priority a long time ago, but what has happened has happened.

Just realise that what this coin has what a lot of coins do not have, no pre mine, a solid community, solid development team and constant new ideas being used. This is a long term coin which i believe can happen become something great

Kdc will be where it should be if we keep working together.

Going to enjoy the gold rush

ny2cafuse

legendary

Activity: 1582

Merit: 1002

HODL for life.

Quote from: xspeed9190 on March 06, 2014, 10:06:31 PM

Totaly agree, voting is new BS way of exchanges monetizing

100% agree. These new "pay to vote" exchanges are a tad ridiculous. What's to say the next doesn't take us all for fools and take the BTC and run?

24Kilo is correct in that the money going into "voting" could have gone a long way in buy orders on already existing exchanges. I really think getting listed on 1500 exchanges will only thin out the already thin orders.

-Fuse

Hollowman338

legendary

Activity: 1246

Merit: 1000

Quote from: 24Kilo on March 06, 2014, 10:04:44 PM

Quote from: Hollowman338 on March 06, 2014, 09:49:40 PM

Are you guys that dense? Exposure is absolutely needed. Coinmarket died in a fire. Coinedup has no volume. Poloniex? lol.

Money well spent. How much did you guys put forward to get listed?

No... I am not dense... I am realistic... why is any exchange going to deploy the infrastructure to exchange a coin that has less than 4 BTC volume across all exchanges?

Exchanges exist to make a profit... a low volume coin is not profitable.

And you can cite dozens coins on exchanges that are less then 4BTC... but they had far more volume when they listed... they have lost volume since listing.

The community is eating itself by not listening folks with business and economical experience, but going with the majority voice that just want to see a price rise without any fundamental justification.

I will not buy any votes at Mintpal... any spare BTC I have is going to buying KDC to prop it up and increase volume.

I had a private PM with the admin of altoutlet about KDC... he is struggling to even price products in KDC because of low volumes and the spread between bid and ask.

KDC is not so special that it can defy the laws of economics. I may refuse to believe in gravity, but that does not change the fact that if I jump off a 20 story building that I am going to hit the ground.

jackdminer, khag, the CripToe Team, myself and many others are not screaming that KDC is dead... we are screaming to try to keep KDC from committing economic suicide... KDC suffered a near fatal blow with the fork... we are trying to help heal KDC and get it healthy again.

When I can not even spend KDC without risking further damage... something is very wrong!!!

Not trying to be divisive here. I have a bunch of BTC in KDC, and view exchange listing as being just as vital as existing exchange volume. For the record, if you read back, I opposed the fork as well.

xspeed9190

full member

Activity: 189

Merit: 100

Quote from: roctiv on March 06, 2014, 09:33:33 PM

Quote from: 24Kilo on March 06, 2014, 09:03:33 PM

............
Then I see members of the community throwing away BTC to buy a spot on an exchange... the amount of BTC wasted on this effort would have been able to clear the sell orders on all exchanges, CoinedUP and SwissCEX, up to 5000 at least and started creating some trading volume. Why isn't the community investing in their own coin?

I do not have the answers, but going in circles about how KDC shot itself in the leg with the fork is not the answer.

We have to focus on the now and work together to find solutions in spite of the fork or KDC is dead.

"Then I see members of the community throwing away BTC to buy a spot on an exchange... the amount of BTC wasted on this effort would have been able to clear the sell orders on all exchanges, CoinedUP and SwissCEX, up to 5000 at least and started creating some trading volume. Why isn't the community investing in their own coin?"

++++++++++10000000000000000000000 well said ... and well spoken.

Totaly agree, voting is new BS way of exchanges monetizing

24Kilo

sr. member

Activity: 672

Merit: 250

Quote from: Hollowman338 on March 06, 2014, 09:49:40 PM

Are you guys that dense? Exposure is absolutely needed. Coinmarket died in a fire. Coinedup has no volume. Poloniex? lol.

Money well spent. How much did you guys put forward to get listed?

No... I am not dense... I am realistic... why is any exchange going to deploy the infrastructure to exchange a coin that has less than 4 BTC volume across all exchanges?

Exchanges exist to make a profit... a low volume coin is not profitable.

And you can cite dozens coins on exchanges that are less then 4BTC... but they had far more volume when they listed... they have lost volume since listing.

The community is eating itself by not listening folks with business and economical experience, but going with the majority voice that just want to see a price rise without any fundamental justification.

I will not buy any votes at Mintpal... any spare BTC I have is going to buying KDC to prop it up and increase volume.

I had a private PM with the admin of altoutlet about KDC... he is struggling to even price products in KDC because of low volumes and the spread between bid and ask.

KDC is not so special that it can defy the laws of economics. I may refuse to believe in gravity, but that does not change the fact that if I jump off a 20 story building that I am going to hit the ground.

jackdminer, khag, the CripToe Team, myself and many others are not screaming that KDC is dead... we are screaming to try to keep KDC from committing economic suicide... KDC suffered a near fatal blow with the fork... we are trying to help heal KDC and get it healthy again.

When I can not even spend KDC without risking further damage... something is very wrong!!!

McNulty

hero member

Activity: 539

Merit: 500

Quote from: Hollowman338 on March 06, 2014, 09:49:40 PM

Quote from: roctiv on March 06, 2014, 09:33:33 PM

Quote from: 24Kilo on March 06, 2014, 09:03:33 PM

Speaking directly to jackdminer as well kheg.

To repeat... I was absolutely opposed to the block reward reduction... read my posts on this thread and here - http://klondikecoin.com/forum/index.php?topic=7.msg50#msg50

The fork was a very risky move that did not pan out and now KDC is on life support and will only survive by the sheer determination of the dev team and community.

I will not support another fork nor will the Criptoe team. I am not spending another 12 hour day glued to computer screens with my farm mining 4 fork simultaneously while the rest of the CripToe spends half of their day coding and testing. And we got nothing out of this effort, but some momentary credit and more than a few community members disliking us for taking the initiative. KDC CripToe Pool is costing us money to keep it up and running, we are making nothing from the pool.

So to jackdminer and kheg... I agree with 100% of what you are posting.

To the dev team and community... to not acknowledge they are right in their observations is suicidal.

BUT!!!

What is done is done... the fork happened and now we choose to keep this coin from sinking or jump ship.

So to jackdminer and kheg... we are on this side of the fork... so we have to work with it and do the best we can. Stop rehashing the should-haves, could-haves, and would-haves... it is too late. We have to choose to work out or leave it. At this point, I and the CripToe Team are choosing to attempt to work it out. And to be honest, there are no easy answers to be found.

KDC must gain hash-rate to ensure security of value. The network hashrate is so low that between the miners owned by the CripToe Team we could fork it, create double transactions, and merge back leaving everyone with orphans. Free coins are free coins and can sold to the highest bidder for a profit. KDC is very vulnerable to a malicious 51% attack.

But no miner is his right mind is going to through large amounts of hash-rate at a coin that has to increase in price by 700% to become profitable. I cannot afford it, I am sitting on a huge stash of KDC and at this time of the month I have to be mining something to cover my $3000 power bill. So KDC is in a very precarious position.

So I thought... I will spend some KDC... buy some Raspberry Pi's and etc with KDC... only to find that the KDC I would be spending would be going right back to CoinedUP within 24 hours and being sold at whatever price needed to fill the sell order. And this is what any retailer must do to cover the real costs of inventory, so I am not criticising the admin of altoutlet in anyway. But spending KDC is not going to the answer either.

Then I see members of the community throwing away BTC to buy a spot on an exchange... the amount of BTC wasted on this effort would have been able to clear the sell orders on all exchanges, CoinedUP and SwissCEX, up to 5000 at least and started creating some trading volume. Why isn't the community investing in their own coin?

I do not have the answers, but going in circles about how KDC shot itself in the leg with the fork is not the answer.

We have to focus on the now and work together to find solutions in spite of the fork or KDC is dead.

"Then I see members of the community throwing away BTC to buy a spot on an exchange... the amount of BTC wasted on this effort would have been able to clear the sell orders on all exchanges, CoinedUP and SwissCEX, up to 5000 at least and started creating some trading volume. Why isn't the community investing in their own coin?"

++++++++++10000000000000000000000 well said ... and well spoken.

Are you guys that dense? Exposure is absolutely needed. Coinmarket died in a fire. Coinedup has no volume. Poloniex? lol.

Money well spent. How much did you guys put forward to get listed?

poloniex has some issues, but it's becoming a serious exchange

Topic: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] - page 141. (Read 554399 times)