Topic: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] - page 143. (Read 554419 times)

Correct, we all know that, so either we still have too much miners or the price is too low. But with my experience i know that the only rule in altcoin world is patient.

You just need to select a coin that has developers working on it and i believe Klondike coin has a few developers that are working on their coin, and now it is just waiting time, maybe one week, maybe 10 weeks, maybe 10 months, in fact i don't care if i have to wait 10 months when i would have a nice big profit on klondike coin.

Jack, you seem to have a mathematical answer for every issue, so answer this question for me (this doesnt relate to KDC). Why are EAC, Noble, Digibytes prices scraping the bottom now? They are all 3 a miners paradise...easy to mine, none have forked or halved. They have huge block rewards (lots of coin), plenty of NHR. So why Jack are they failing?

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it can take some time before they are confirmed as you are downloading the block chain from the start.

All coins need some major external influence, stimulus, and some luck (Hype/Marketing/Investors) to rise. It will happen for KDC.

The difficulty of Leafcoin is about 10 with a 60 second block time so the NET HASH is about 715 Mh/s, I didn't check but rough math.  
Before the fork KDC was only 400 Mh/s with a FORK HYPE spike to just over 600 Mh/s.  

Since the reward is just a form of payment for network hash FIRST AND FOREMOST any decision to adjust the block reward lower should place the highest weight to the impact to network hash, and the lowest weight to impact of inflation.  

This is one of those things that is counter intuitive to someone who views the block reward as the 'printing press' and not the 'pay check'. Once you see it as the 'pay check' you start to see the whole landscape differently.

You have to have the network hash and coin value in place to support a reward reduction.  You can not influence price with reward adjustments, you only distort the price as NET HASH finds equilibrium.
Since KDC went from paying roughly 3.8 BTC a day it bought about 450Mh/s. (.008378 BTC/ Mh day)
Now it only pays .7 BTC a day and is currenty getting a 'bargain' and buying 130 Mh/s paying only .005317 Mh day.  

The market rate in the world that is all alt coins for hash power is around .0075 BTC or so per Mh day. Some pay workers more, some pay workers less.

All coins are unconfirmed after KDC wallet update??? Help please....seems i am on the new chain now and my coins are in the old one? Is there a possibility for this?

People didn't leave because of fork launch issues, people left because the profitability tanked after the "fork issues" were fixed and the super low difficulty disappeared.  Net hash rate actually went up by 50% prior to the fork to get in before the block reduction took effect, so consider your 650MH/s net hashrate an anomaly, and your current 132MH/s the "new normal".  Try to tell me with a straight face that there's nothing wrong with KDC now that you've successfully excised nearly two-thirds of the normal daily network hash rate off the coin with this change.

We sit in a waiting game for the coin value to catch up to the new block reward.  It will either need some major external influence, or the difficulty will need to be around ~0.5 to compensate for it at this hash rate.  The latter would only be a very temporary fix, and it would be counterproductive to the block reward changes in the first place.

There is nothing wrong with KDC now that the fork cured the inflation problem. We had 650mh/s NHR after the fork. Things fell off (crashed and burned) after the bad fork later that evening, couple that with the fact that coinmarket.io has been down also. We need to get on mintpal and cryptsy and get some investors interested in this coin, thats all. Everyone stay calm and Hold. ..dont give your KDC away. Unless you give tips to the guys working so hard to make this coin a success. Placebo, Jilixi, SparkIt Oh and MysticDoge too

I have sent another small amount to mintpal to lift us up a little.

Keep sending to the mintpal vote address for KDC if you can, its very important we are listed there as coinedup is sinking

You know, what is different between Leafcoin and Klondikecoin.

I believe the Leafcoin have a block halvering every month. Klondikecoin had it every 3 months.

LeafCoin                       Klondike coin
1. 1 - 500,000               1. 77
2. 1 - 250,000               2. 77
3. 1 - 125,000               3. 77 (normally but now 16)

So what is the difference? It should have been

1. 77
2. 38.5
3. 19.25

But in fact we just modify the reword to do the same as a lot of the other coins. The block reduction bring us on the level like a lot of the other coins.What happened is just a little adjustment, the people that mine the first 2 month received a lot, but on the first month this is for EVERY coin the same so Klondike miners that keep on mining the second month received more coins then when you check it against Leafcoin for example, and now for the third month we are doing the same as Leafcoin.

Anybody thought about this

I agree

yes we need to focus on 1 exchange at a time. Maybe we should announce this and have a donation address for voting, I will be willing to send some 'spare' BTC.
Hopefully Lazycoins will launch soon as they are listing KDC, seems like a nice exchange and its based in UK!

Focus mintpal FIRST then Cryptsy, that is the best way to go, hopefully people can make some BTC trading at mintpal and we can move on to Cryptsy

I totally agree with you on this, There was no reason for a fork, the price would never just increase because there is less coins produced. People seem to want to ride the roller coaster that is pumping and dumping, we had a solid 4k sat price for a long time but everyone seem to fixed with the increase to 30-40k sat, I am now a community leader, an online merchant store owner and soon another website - ALL for KDC and I started all this AFTER the fork. It gave me some more interest in the coin that there was now less coins produced but it later came to me, who would buy this coin if there is nothing to do with it?

Someone said earlier, the things that are available to buy with fiat doesnt make a coin valuable if you can buy it in that coin. MAybe we should focus more on that the whole thing about Alt coins - Most people are in it to profit from it, the whole thing about cryptocurrency is a gold rush. That is why I am bringing Reloadable VISA cards and ONLY making them available to buy and "refill" in KDC, probably this will add some volume to the exchanges and some more circulation of the coin.

Hopefully people can realize that it is kind of a big thing.

The marketing opportunities are great!  A prepaid VISA card is an awesome idea KDC-> EUR or KDC -> USD in an easy direct way to be rewarded for your mining efforts, so is a STEAM card.

So while one hand has done a lot of work providing transaction opportunities for the miners other than exchanging KDC for BTC or other coin which is great, the other hand destroyed the mining potential of the coin by drastically reducing the rate of payment for NET HASH to a level that puts the coins security in jeopardy, and restricts participation to total NET HASH under 100 Mh/s

Somehow when ever I try to explain this I am labeled a complainer.

Lets not kid ourselves here, nearly every ALT COIN except a few will slide to zero.  The price of x coin three months ago versus today is not proof of a 'bear' market that all coins will recover from but rather the slow thinning of the heard that will end as all bubbles do with a crash. Coins have no tangible assets, produce nothing, pay zero dividends, and have zero earnings.  There is nothing to create a BULL market outside of speculation and that only plays for so long.  To succeed we must live in the realities of the world.
 
In order to survive a coin needs to reward miners the market rate for hash, with a stable price that allows the average person to understand and relate its value.

Behavioral Econ calls this ability to relate value of a new concept 'anchoring'.  Ideally a coin would have a stable value of .01 USD allowing it to be a digital storage of wealth accessible to the masses who can easily equate value for purpose of exchange.

Having said that, realize that before the fork the reward for hash was fair and the value per KDC was .02 USD.  So there was plenty of room to run down to .01USD while marketing efforts ramp up.

I realize everyone wants to 'get rich' and see the value explode, but price volatility is a bad thing for an exchange currency, but good for a short term pump and dump.

Now I'm sure everyone will read this and think I'm crazy because I'm suggesting the coin 'loose' value to .01USD, it may seem counter intuitive but lots of things in the world are.


 

Have we already contacted altcoin authority he seems to have a lot of followers it could help?

We are not pre-mine, so we cannot spend BTC to get listed.... a lot of those coins are dumping their own pre-mine coins to get BTCs and then they try to get on cryptsy, we need to be a little more patient

Buying cryptsy points and vote with it.

Criptsy is adding 2 coins by tomorrow morning , too bad we didnt all concentrate on criptsy before mintpal. But i guess it will come some day!

Indeed

Any idea when MysticDoge will be ready with the idea around giving away real Gold? I believe we need to include pool owners in this idea too. Ask them for a little sponsoring.

In fact the Klondooms, why don't generate a lot of them and just give it away, can be a nice stunt and we can get in the news paper or so...