Topic: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] - page 142. (Read 554399 times)

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?

"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.

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.

already blew my wad on mintpal voting (0.5 btc), all I have left is free voting

I try to vote 48x in a day, already donated 3$ to Mintpal for votes, i will donate $6 more but we need more ppl to do the same..

Jack, what you are saying has merit. I think all you look for is "how much money can I make today on mining X coin". Thats where we differ, and I'm not saying your method will not make you money because it certainly will. I'm just saying I'm mining KDC because I believe in the coin and the community and the possibilities it holds.

EDIT: BTW I wasnt asking why DGB is good to mine the last 2 days, I was asking why the prices of all these coins is bottoming out when they have strong networks, excellent communities, strong developers.  The answer is they are being diminished by daily mine and dumps. "I gotta sell these coin X today so let me undercut the lowest sell price." say this miner, the next miner, and so forth. then the price is in a free fall until the miners arent making enough money per mh and they move to the next coin.

At the moment i think we should concentrate on Mintpal:

http://mintpal.com/voting

10,000 (0.5 btc) votes and we're second, so as long as we keep up the pace we can be added in as little as 3 days! (would be alot to be continnium)

Look, you're right, but if people only mine and dump it the day later then they all miss opportunities. LTC was trading at $2, so you mine it and you directly dump it, and a few weeks later it was at $50.

Your point is valid if you only care about dumping a coin, but some people want to hold their coins for the long run. Lets take time back. September 2013, you're mining Quark, NETCoin, whatever, and you mine your .008BTC for 1MH/s day, great, superb, then then i'm a person that like to wait a little longer, and then suddenly we arrive in November, oeps, what i have been mining in September is suddenly not .008BTC for 1MH/s day but .080BTC per 1Mh/s per day.

As a miner you don't need to look at today i can mine .008BTC here and there i only can mine .006BTC, no as a miner you have your favorite coins and out of those coins you select the coin that you think will give you the best return IN A FEW DAYS/WEEKS not in a few hours.

As a investor you just look at profit, buy today, sell today, buy back tomorrow, but miners mine coins not for selling it directly, at least not the believers of a coin.

DGB has been a good coin to mine the past 2 days about .008 BTC for 1 Mh/s day.  See the value of the coin is irrelevant all that matters is what is the rate of pay in BTC is for 1 Mh/s over 24 hours.If this rate of pay is fair and consistent you will have a popular coin.
  
This is easiest way to achieve this is with a coin at the lowest possible price and the highest possible block reward that produces the fair market rate for hash power.  Nothing magical about it  

And someone else mentioned DOGE and how its lower in price and that its hash rate hasn't gone anywhere, that's simply not true either as the difficulty (NET HASH) has been cut in half since the halving from 2K to 1K, and DOGE has been pretty consistent earning 10% more per day over LTC. I

ts easier for DOGE considering the low price/ high block pay.  I don't care much for DOGE or any random reward coin for that matter since it introduces  a second variance in the coins mined a day/ Mh.
 

0.5 BTC will take us to rank 2, that would mean being added Sunday maybe? and if we get added then pushing Cryptsy as hard as we can would mean people buying since it would hit Cryptsy so if we push hard,we can get added to mintpal by the end of this week and (maybe) cryptsy next week.

Dont forget to vote every hour and donate for Klondikecoin :

https://www.mintpal.com/voting

Once the price adjusts upward, the miners will be back, it's just gonna take some time. I myself was in favor of the fork because prices kept falling because miners kept dumping for less and less. Even when KDC had 1 Gh the price was still ridiculously low and falling. This coin will not fail.

Look at elacoin, it has probably 50 mh/s NHR and cryptsy is full of buy orders as high as 47,000 sat. and have been up to 120,000 sat recently. How can you explain that?

EDIT: I checked elacoin and it now has 772 mh/s NHR !  and it trading at 48000. When it had 50 mh NHR it was trading at 120000. So price cannot be tied to NHR as evidenced by elacoin, EAC, NOBLE, DGB

You know there is no logic behind altcoins....

DOGE was trading at 25sats only 2months ago and hit 300 sats (i think), now back to 165sats, why?

Did network hashrate dropped, mmm, i don't think so
Did block reward dropped, mmm, i don't think so
Was it pumped, mmm, maybe by someone with a lot of BTCs then


The only thing that is important is :

A coin needs developers to support the community
The community need to support their developers

And those things would happen regardless of the fork, and wouldn't have alienated miners or gutted the network.  There's never any "inflation" issues with closed system coins like this.  All there are are "valuation" issues.

Good going! I'm all in on EAC, NOBLE, DGB, KDC. In my opinion, professional coins backed by good developer teams.

The wallet is synced, i have that green tick mark on the bottom right. Also, i left is over night. But hell no all coins stayed as 'Unconfirmed'.

Btw, real good example, Saturn is standing at place 4 on cryptsy and people already start buying!!!  This is what we are missing the possible adding to cryptsy, when you see SAT just adding 200%, then i'm sure we will add the same, in fact all coins that are being added on cryptsy gain a lot before they hit cryptsy.

Pfff, I bought 3million today , if Saturn can hit 12 sats then some money will go to EAC and some money for voting on KDC on mintpal, so looking forward to see 12 sats

LOL I already have over 1 million EAC, I just want Jack to tell me why the price is so low. 

I bought EAC!!!!! Great coin by the way I will sell some at 100 sats to you