Topic: [ANN][SCRYPT] KlondikeCoin ★ Cryptsy.com ★ Prepaid VISA Cards ★ 0% Premine [KDC] - page 36. (Read 554482 times)

That was the problem.  Thanks again.

u want people like your coin and mine it ... make price high and u make it tradable for things they want .... THATS THE ONLY THING MAKE PEOPLE MINE ... belive it or not anything else is useless .....

increasing block reward will increase market pressure on price .... making go even lower .... that will make coin die ....

things to do to make coin back to its place


1-Fix the goddamn chain from the KGW error ..... KDC is paralyzed right now

2- fixing the Block explorer so people can see trans

3-Make a Multipool to mine most profitable to get KDC

I'm going to voice my opinion on the fork issue. However, take this with a grain of salt because I thought the fork to 16 would work wonders.

I was in favor of a reduced block reward because the coins just kept stacking up at the exchanges and price kept falling because there werent enough buyers for the amount of coins being sold. The argument was put forward that with the current minting rate (77) the price just could not stabilize or increase, and that is a very logical argument.

So make fewer coins per day and the exchanges dont get dumped on as much and the price goes up. However that just did not happen. What happened was that miners pulled away and the hashrate dropped, interest in the coin dropped, in spite of all the hard work and effort on the part of Jilixi and the other community members.

So what we did by forking the coin to 16 failed, and dropping to 8, then 4 will be even worse as JackDMiner has said.

Most all the existing hashrate is community members trying to keep their investment afloat. so that tells me that the fork was not a success. The "If we build it, they will come" plan did not pan out either. Only because the price of the coin is so undervalued (Im sure many think the price is where it should be) no one that was worked hard to dig these nuggets wants to trade that low. If the coin price was fair and you can mine more, the KDC store would have been busy with orders.

There are many opinions on how we should handle this next fork. Go more coins per block, change to x-11, etc... I'm not intelligent enough to say what is best and what will work and I admit that because I was wrong on the previous fork.

There are lots of intangibles at work here.  Things like can the DEV's bring a KDC Exchange online? and if so, when? If they can how will that impact the value of the coin? will the price raise enough to get miners and investors interested again?

I would urge the developers and community to not be too hasty on this. Lets recap the last 3 months and learn from experiences.

Maybe we can seize this opportunity to make this coin better!

Just my 2cents.

Grumpy coin just fixed the KGW error ....

why we did not ?

Why is a suggestion on block pay or security concerns proof I don't like the coin or an accusation?  Just because I don't agree with you or a majority of coin speculators doesn't mean I dislike this coin.  And I'm not sure what exactly I accused anyone of. 

I'd really like to know how a block reward of 4 coins is some how an ASIC defense, I've been thinking about it and maybe it was the beers last night but I don't get it.

The smaller the total net hash is the easier a coin is to attack, and while it is not the easiest thing to do, having a coin where you could represent 60 or 70% of the total net hash does make it easier. 

The future halving to 4 coins/block is not going to magically create more net hash.  The next halving will only destroy net hash for the same reason house painters don't paint houses for free.  Because house painters and hash providers provide value in exchange for value.

Sure you can mine coinX sell it and buy KDC, but unless you can purchase thousands of KDC a day I don't think you'll be able to raise the coins value to bring the 300 or 400 MH/s you need to have a secure coin when the pay is only 4 or 8 coins per block.


 

I just saw it. You should rename it to klondikecoin.conf and it should work

Thanks.  I opened it about 16 hrs ago.  No connections.  All other wallets are working fine.

Mine is perfectly synced and I use the .conf in the first post. It takes some time to sync tho

Is the Wallet not syncing because of the KGW threat?

Details:
v0.8.6.2-unk-beta

Klondike.conf is:

rpcuser=
rpcpassword=
rpcport=56679
addnode=pool.klonchain.info
addnode=88.208.205.38
addnode=88.208.205.216
addnode=88.208.206.55
addnode=kdc.criptoe.com
addnode=37.59.28.23
addnode=162.243.255.143
addnode=37.59.28.23:56680
addnode=162.243.199.129:56680
addnode=162.243.255.143:56680
addnode=77.68.40.244:56680
addnode=70.176.73.232:56680
addnode=69.64.58.83:56680
addnode=86.81.26.232:56680
addnode=86.178.216.160:56680
addnode=kdc.criptoe.com
addnode=88.208.205.38
addnode=88.208.205.216
addnode=88.208.206.55
server=1
daemon=1

+1 PoS and the pool sounds like a good idea, and now is the perfect time to fork.

I was talking to jackdminer, not you kahir.

In fact I'm for the coin going PoS and creating a pool that mines LTC and exchanges it to KDC. I would do the same way as you but I keep my mining rig pointed to KDC to secure the net hashrate.

well first we need that
1- kgw error fixed .....with hardfork .. asap
2- explorer back online

Just throwing out ideas.  No one is crying.  People will 51% attack you because they can, just like street artist tag.  If you don't secure your coin you will loose your investment/investors whatever.  Reducing the block pay as a defense against ASICs?  Could someone explain that to me please?

The real cry babies are the bag holders who wrongly feel threatened by a block pay that supports a secure block chain.  What happened in the early days of Bitcoin is irrelevant in today's environment.

No one is going to listen to me regardless, so this experiment will play out 'your way' and we will observe the outcome in the months ahead.  My prediction is the current path will lead to the coins demise.

A lot of stupid, shortsighted ideas havecome up - and been implemented - on this thread, more than most other coins.

The block reward should NEVER have been dropped from 77 to 16.

That showed such brutal disregard for every miner that might join KDC from that point on, and has nearly killed the coin.

Why not 44 or 33, why the hell 16?

Why didn't ANYONE stop such a foolhardy change?

Greed, that's why.

This guy is right, the reward is not much of a reward, and the suffering hashrate proves it...

And my potential hash is not applied to any coin. 

Who wins? no one.

I would mine a coin valued at 1 satoshi if it was worth the effort.  I don't give two shits about the actual price, I just care about the exchange of my hash for equitable value.

Call me the evil scum of the earth for being a profit miner until your blue in the face and your coin withers to an unsecure hash rate, I could care less.

This is just a side hobby / educational experience for me, I made a suggestion on block payout to improve the net hash. 

What ideas do you have besides bad mouthing someone who just wants to be paid for their work?

 

go read my posts ......

yes ... i turned off my rig to mine kdc ....

i mine most profitable - dump for kdc buys ....

that would push price up ... and attract more miners to kdc ... thats called using your brain

Lol you are the one who are most focused on the price, you turned off your rigs because you hadn't enough profit.

My brain is on the meager 60Mh/s and the security of the coin.  Where else should your brain be?  88 coins a minute buys you a few hundred Mh/s even at lower prices.

It's not like 88 payout tanks the coin 80%.  The more blocks that are produced the less inflation a new block creates. 



Unless of course you want a coin with 20Mh/s NET HASH and anyone with time to kill can 51% attack your coin... 

Don't focus on the price, worry about the underpinnings.
 

reward is 8 and price is around 1500-1800 ....

so u want make it 88 ....