Just hodl tight. Markets will always fluctuate. The worst days are behind us with the previous decline. The majority of silk owners see the big picture and once the voting is implemented and ticker changed we will see the price rise once again.
Patience young grasshoppa
+1
I have even been mining it on hashcows. This coin has GREAT community.
My thoughts on price pressure and the dumps that will happen.
The multi pool will help protect from the dumps that are going to happen. Besides people cash in all the time on any coin. They WILL do it with ours, it's up to US to backup our coin with mining power.
Here is how the multi is looking.
3 different algo's to mine, profit switch to the most profitable coins, 2 payout coins. Silk and BTC. If the community steps up, the pool will follow.
Everyone mining on the multi is like some one putting down BTC to buy Silk! Every miner creates buy pressure.
I am saying the pool will be in test phase early next week, depending on who is around for the holidays this weekend.
This is a crucial step in where the price goes from here.
Are you starting the pool? What algo(s)? My rig does x11, x13 and nist5. Scrypt is out of season ;-)
yep I will be doing the grunt work on the pool. Arteleis is also a majority partner. We both live in the same city, which i HOPE will provide you guys better service!
Pretty sure it's going to be setup on the domain KoinVault.com, though that's not set in stone either. It will be my first pool but I am pretty comfortable with linux, I have been admin at a popular cannabis forum for the last 5 years. So I know a few things about protecting people. The code for the pool isn't coded by me, but is owned and maintained by a well respected crypto company. They admin some of the largest multi's, whether they admit it or not
Basically I handle security and they handle the code.
I am sure it won't be without it's bumps along the road but we have a good team going here. I have confidence we can handle what comes along.
As of right now we get 3 different algo's to mine. 20 coins total. If the pool works out well we will add as many coins as I can muster!
I am choosing what coins to mine, this weekend. If you guys have any advice on what coins, we are more than open to opinions. I am thinking coins with good market depth and aren't going to die right away.
MY thoughts are 5 or 6 x11, same for x13, the rest scrypt.
I've got some scrypt asic's I want to point to the pool as do some friends of mine so I need those scrypt coins.
Dude, I'm getting stake rewards like every 20 minutes! Hope this keeps up for a while! Maybe it has something to do with all the bot pillage booty I've been adding lately. Bot Booty!!!!
I am loving the new wallet it runs so smoooth! I feel like the wallet stakes better.. maybe just me.