Update has been implemented and mining operations are back to normal.
http://kdc.coinarmy.com
Topic: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] - page 169. (Read 554419 times)
March 03, 2014, 02:28:55 PM
March 03, 2014, 02:18:44 PM
2 mirrors added at OP for windows wallet!
Im not able to get anything for sync for the last 40 mins using
addnode=kdc.criptoe.com
addnode=88.208.205.38
addnode=88.208.205.216
addnode=88.208.206.55
give it more time or are others having the same issue? Currently says it's 3 hours behind and has not moved at all.
Did you follow instructions at first page?
Yes. Using those settings im stuck at one or two connections to the network.
March 03, 2014, 02:17:57 PM
Sold some last night at 57 and bought back today at 48 
March 03, 2014, 02:10:22 PM
Jackdminer,
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
A reduction in BLOCK REWARD does not reduce existing supply, it only reduces the future growth of supply they are not the same thing.
Its great that more merchants accept KDC. Its great that there is more than one exchange to trade KDC. However if the merchants and exchanges accept/trade other currencies what drives demand to acquire KDC other then speculation?
Example:
If my local hardware store accepted KDC as payment along with BTC and USD, as a non miner or holder of KDC I would choose the most economical form of payment to me which will always be the method without the real and opportunity cost associated with exchanging coin/currency x for KDC.
KDC as a form of payment alone does not drive new resources to KDC.
No crypto coin can survive the death of its network hash. No one will provide hashing power for less then market rates for long.
Yes it definitely reduce supply, it reduce DAILY supply, by 80%.
That means that the market wont be flooded with 100.000+ coins per day, and miners wont dump as before and kdc will have a lot less selling pressure, (hopefully) enabling the price to go up, if demand is same as before.
The amount and price of the coin on the offer (ASK) has little bearing on the BID, since KDC is not a commodity and the demand is scarce the BID (willingness to pay) ultimately sets the price.
That is to say what is scarce in the market is the supply of BIDs to purchase the coin so the supply of coin looking to sell is forced to accept the BID. This is true if you are attempting to sell 1 coin or a million coins you will only be able to exchange it for the highest bid.
As the supply of BIDS increases the BID price becomes competitive as one BID seeks to filled ahead of other BIDS. This is the only way a seller will get a more attractive price.
Reducing the supply of coins for sale does not make BIDs more plentiful.
March 03, 2014, 01:58:51 PM
I have these, no prob with sync:
addnode=37.59.28.23
addnode=162.243.255.143
addnode=88.208.205.38
addnode=88.208.205.216
addnode=88.208.206.55
addnode=88.208.207.68
addnode=88.208.207.73
addnode=37.59.28.23
addnode=162.243.255.143
addnode=88.208.205.38
addnode=88.208.205.216
addnode=88.208.206.55
addnode=88.208.207.68
addnode=88.208.207.73
March 03, 2014, 01:58:03 PM
2 mirrors added at OP for windows wallet!
Im not able to get anything for sync for the last 40 mins using
addnode=kdc.criptoe.com
addnode=88.208.205.38
addnode=88.208.205.216
addnode=88.208.206.55
give it more time or are others having the same issue? Currently says it's 3 hours behind and has not moved at all.
Did you follow instructions at first page?
March 03, 2014, 01:57:01 PM
2 mirrors added at OP for windows wallet!
Im not able to get anything for sync for the last 40 mins using
addnode=kdc.criptoe.com
addnode=88.208.205.38
addnode=88.208.205.216
addnode=88.208.206.55
give it more time or are others having the same issue? Currently says it's 3 hours behind and has not moved at all.
March 03, 2014, 01:56:39 PM
Waking up to good news this morning and no additional issues sure is nice. Now that things are settled, and the fix is official:
I want to publicly thank those of you that adopted the fix and moved the fork along on the right path. It was a team effort, and you guys really pulled through yesterday.
Thanks,
Fuse
KDC.CripToe.Com is once again accepting registrations.
I want to publicly thank those of you that adopted the fix and moved the fork along on the right path. It was a team effort, and you guys really pulled through yesterday.
Thanks,
Fuse
March 03, 2014, 01:53:47 PM
2 mirrors added at OP for windows wallet!
March 03, 2014, 01:51:17 PM
Coinedup KDC market is back.
March 03, 2014, 01:51:09 PM
Jackdminer,
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
A reduction in BLOCK REWARD does not reduce existing supply, it only reduces the future growth of supply they are not the same thing.
Its great that more merchants accept KDC. Its great that there is more than one exchange to trade KDC. However if the merchants and exchanges accept/trade other currencies what drives demand to acquire KDC other then speculation?
Example:
If my local hardware store accepted KDC as payment along with BTC and USD, as a non miner or holder of KDC I would choose the most economical form of payment to me which will always be the method without the real and opportunity cost associated with exchanging coin/currency x for KDC.
KDC as a form of payment alone does not drive new resources to KDC.
No crypto coin can survive the death of its network hash. No one will provide hashing power for less then market rates for long.
Not to be a hater, but we clearly have someone that either missed out on buying KDC, or just wants to buy even more KDC at low panic prices
.Im not saying that you are wrong, but you recently registered and you have only been posting in this thread... Posts like these cause additional panic after ,i.e., a failed but recovered fork.
Yes I am new to this thread since the forum @ KDC website is pretty slow. I have been a quiet full time 2Mh/s miner for a few weeks just happy to provide my share of the work for the reward.
This fork has motivated me to speak up, and speak out about some basic market fundamentals. My path to mining was from a brother in law who was hooked on DOGE, we talked over the holidays and I poked around and soon I was hooked on COINWAREZ profitability page and Cryptsy/CoinedUp markets. I had little coin loyalty if you want to call it that.
After trying switcher pools, and manually jumping from a few different exchangeable coins I stumbled on KDC, I was happy with the payout and the market on CoinedUp so I had been mining the coins for a few weeks. I havent invested much time into seeking out forums or much anything else just mining away and exchanging my coins for BTC.
About a week before the fork things were good. The payout was consistent earning me about .015 BTC a day, and the CoinedUp market had enough movement that I trade a few hundred KDC on the buy side below where I sold the days take. I am not a hoarder of this or any coin in less you consider my meager BTC and LTC wallets a hoard.
Its just my luck that just as I was feeling fairly compensated for my contribution, and looking forward to checking 'the market' in the morning POOF its all gone and I have to fined another coin to trade.
If I have learned anything during this fork it is to invest in the forums once I commit to mining a coin and not just use the Coinwarz and exchanges in a vacuum quietly mining. Had I have been here during the fork discussion who knows how things would have turned out. As always devs will do what devs will do regardless of what one guy with 2Mh/s has to say.
Finally as if my bad luck wasnt enough it appears the whole world is mining Auroracoin so the whole work/reward landscape appears distorted to me at the moment. O well I have an old friend who we've called Flappy for years maybe I'll mine some FLAP coin and print him a nice paper wallet since he has no idea about cryto$ or uses a computer much. I'm only in this for the fun and cost of electricity. But since I have yet to convert my BTC into USD, I'm paying for that too.
I have no delusions of getting rich quick or being a crypto$ player or a GH/s miner. I'm sure once the temps rise above 10C outside I'll begin to loose interest in this.
March 03, 2014, 01:19:29 PM
Jackdminer,
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
The only problem is you didn't reduce the EXISTING supply. That's what I've been trying to tell you since well before this fork happened.
There's a TON of cheap KDC available, and that sets the benchmark for the price. Until you get someone willing to buy it up and hold it to FORCE the price higher, even the new supply is going to get sold at the lower price unless those miners are willing to take the risk and hold it themselves. Even if someone does pull those coins out, they're going to recoup their investment by dumping them at a profit later - and then the cycle will beget itself which in turn will drive the price down once again.
The whole scheme is predicated on getting the existing supply out of the economy as quickly as possible, and frankly if that were possible it wouldn't have required a block reward change to alter the value of a coin!
March 03, 2014, 01:19:10 PM
Jackdminer,
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
A reduction in BLOCK REWARD does not reduce existing supply, it only reduces the future growth of supply they are not the same thing.
Its great that more merchants accept KDC. Its great that there is more than one exchange to trade KDC. However if the merchants and exchanges accept/trade other currencies what drives demand to acquire KDC other then speculation?
Example:
If my local hardware store accepted KDC as payment along with BTC and USD, as a non miner or holder of KDC I would choose the most economical form of payment to me which will always be the method without the real and opportunity cost associated with exchanging coin/currency x for KDC.
KDC as a form of payment alone does not drive new resources to KDC.
No crypto coin can survive the death of its network hash. No one will provide hashing power for less then market rates for long.
Yes it definitely reduce supply, it reduce DAILY supply, by 80%.
That means that the market wont be flooded with 100.000+ coins per day, and miners wont dump as before and kdc will have a lot less selling pressure, (hopefully) enabling the price to go up, if demand is same as before.
March 03, 2014, 01:12:16 PM
Ok, that was weird. Installed new wallet, and I got 8 incoming transasctions for 0.227 or so KDC, as "mined". Is Klondike POS now?
March 03, 2014, 01:06:33 PM
Jackdminer,
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
A reduction in BLOCK REWARD does not reduce existing supply, it only reduces the future growth of supply they are not the same thing.
Its great that more merchants accept KDC. Its great that there is more than one exchange to trade KDC. However if the merchants and exchanges accept/trade other currencies what drives demand to acquire KDC other then speculation?
Example:
If my local hardware store accepted KDC as payment along with BTC and USD, as a non miner or holder of KDC I would choose the most economical form of payment to me which will always be the method without the real and opportunity cost associated with exchanging coin/currency x for KDC.
KDC as a form of payment alone does not drive new resources to KDC.
No crypto coin can survive the death of its network hash. No one will provide hashing power for less then market rates for long.
Not to be a hater, but we clearly have someone that either missed out on buying KDC, or just wants to buy even more KDC at low panic prices
.Im not saying that you are wrong, but you recently registered and you have only been posting in this thread... Posts like these cause additional panic after ,i.e., a failed but recovered fork.
March 03, 2014, 12:47:22 PM
Jackdminer,
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
You have a point, but then again you also don't have a point. It all based on supply and demand, we reduce the supply, but we didn't increase the demand. We are now in process to increase demand by adding new websites that allow Klondike coin as a payment method. Klondike coin will have some hard moments, maybe several weeks, but the pipeline is really impressive, and there are a lot of coins were you now earn only $5 per day, really a lot of them. So moving to another point is not really a smart option, as we have reduce the speed of new coins added, other coins didn't, so if the bear market finished then Klondike coin should be in a better position.
A reduction in BLOCK REWARD does not reduce existing supply, it only reduces the future growth of supply they are not the same thing.
Its great that more merchants accept KDC. Its great that there is more than one exchange to trade KDC. However if the merchants and exchanges accept/trade other currencies what drives demand to acquire KDC other then speculation?
Example:
If my local hardware store accepted KDC as payment along with BTC and USD, as a non miner or holder of KDC I would choose the most economical form of payment to me which will always be the method without the real and opportunity cost associated with exchanging coin/currency x for KDC.
KDC as a form of payment alone does not drive new resources to KDC.
No crypto coin can survive the death of its network hash. No one will provide hashing power for less then market rates for long.
March 03, 2014, 12:37:51 PM
any idea when you will have your HTML nerd update the links on the site?
March 03, 2014, 12:27:37 PM
BOTH THE MAC AND WINDOWS WALLET LINKS AT FIRST PAGE HAVE BEEN UPDATED
REMEMBER TO BACKUP YOUR WALLET.DAT
AND USE THE NODES AT FIRST PAGE AS WELL
REMEMBER TO BACKUP YOUR WALLET.DAT
AND USE THE NODES AT FIRST PAGE AS WELL
March 03, 2014, 12:15:16 PM
yes... good point indeed.... so how much btc you think is needed to pump the price in a kind of way it attracts miners again?
(i hope youre wrong since the fork only took place 20hrs ago... and it had trouble with forkingissues... )
(i hope youre wrong since the fork only took place 20hrs ago... and it had trouble with forkingissues... )
March 03, 2014, 12:12:57 PM
WINDOWS WALLET IS DONE, JUST GETTING IT UP FOR DOWNLOAD. WILL EDIT THIS POST WHEN IT'S READY.
EDIT: Temporary link:
https://mega.co.nz/#!jogBCbAb!QH84AKk1gOT8H9wccSJrN0WrdEZ_1gOJ-jtq7snxoBE
Instructions to get the new wallet working:
Step 1: Backup your wallet.dat (can use your old wallet or new wallet to do this)
Step 2: close your wallet
Step 3: browse to %appdata% (you can enter %appdata% into the "run" command box Start > Run) %appdata% is a hidden file so may not be visible by default.
Step 4: open the KlondikeCoin folder
Step 5: Delete the 2 folders "blocks" and "chainstate"
Step 6: Open new wallet, your coins will show as unconfirmed as it catches up.
EDIT: Temporary link:
https://mega.co.nz/#!jogBCbAb!QH84AKk1gOT8H9wccSJrN0WrdEZ_1gOJ-jtq7snxoBE
Instructions to get the new wallet working:
Step 1: Backup your wallet.dat (can use your old wallet or new wallet to do this)
Step 2: close your wallet
Step 3: browse to %appdata% (you can enter %appdata% into the "run" command box Start > Run) %appdata% is a hidden file so may not be visible by default.
Step 4: open the KlondikeCoin folder
Step 5: Delete the 2 folders "blocks" and "chainstate"
Step 6: Open new wallet, your coins will show as unconfirmed as it catches up.
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