Topic: [ANN][XC] >> Mandatory Update to new Wallet - The first POS X11 anonymous wallet - page 148. (Read 268504 times)

OK, everything fixed. Thanks for your patience, it turned out the "DDoS" was a multipool (or simply lots of rented rigs) which simply "raped" the servers .. Must be half the hashing power of betarigs i think.. crazy ..

It is the design of PoW/PoS hybrids. With endless PoW coins like Bitcoin, coins are constantly produced into the distant future (possibly indefinitely) which means miners can constantly dump their coins on the market to make money, rather than hold them in hopes that they increase in value in the future. With PoW/PoS hybrids, the PoW instead ends after a (usually) short period of weeks or months, and then transitions into a state where miners can no longer acquire coins. This gives incentive for saving of the coins rather than dumping on the market, helping them achieve market penetration.

The interest you see on this coin of 3.33% is the interest you accrue simply by owning the coins in your personal wallet application that you can run on your computer. You do not earn interest if your coins are held on an online wallet or exchange unless that entity specifically offers to pay you the interest generated by your coins. The interest also acts as an incentive to leave your wallet open which operates as a "full node", essentially performing the same roll that miners perform in maintaining and verifying the financial ledger system on a constant basis.

Additionally, coin mining requires electricity similar to that used by large cities which some consider to be grossly wasteful. PoS coins hope to offer an alternative where crypto currencies can enter a state where they can be bought and sold on the market, fulfilling their primary role as a financial instrument, without the huge energy cost to society.

I agree stop the PoW - move to PoS ASAP

lol same here, probably someone rented a lot o X11 hashing power on NiceHash and etc.

This type of service unbalanced the game, shit i wish i had this amount of btc´s to get loads of coins that have a bright future.

Stop it fucking now i lost 20 grand today

Everytime Multipool will dump 100BTC volume XC coin, that's the Reason why we should stop the pow ASAP,

so we may Stop the Pow at 18K Block or 20K Block!

Thanks for the answer, can you explain to me why that is?

agreed that it is a problem, but you cannot compare X11 with scrypt.
with the new miner "x11" 4 times more hashrate on a gpu than "scrypt"

ex: 7950 gives 2.8 Mh on X11 but 700Khashes on scrypt

That is correct. The only way you will be able to earn coins will be PoS interest or Multipools which mine other coins and pay out in XC.

If it goes from POW to POS, are people not able to mine anymore?

get ready to buy mofos - PoW is coming to and end.. miners game is over - pos beings : )

Another dump begin:


2014-05-27 02:01:01   SELL   0.00111400   3547.82593366   3.95227809
2014-05-27 02:01:01   SELL   0.00111600   112.00716850   0.12500000
2014-05-27 02:01:01   SELL   0.00112000   11.67618126   0.01307732
2014-05-27 02:01:01   SELL   0.00112000   100.00000000   0.11199999
2014-05-27 02:01:01   SELL   0.00115000   496.33485337   0.57078508
2014-05-27 02:01:01   SELL   0.00115000   977.67670623   1.12432821
2014-05-27 02:01:01   SELL   0.00115200   50.00000000   0.05760000
2014-05-27 02:01:01   SELL   0.00116000   54.55044933   0.06327852
2014-05-27 02:01:01   SELL   0.00119156   10.99719516   0.01310381
2014-05-27 02:00:09   BUY   0.00122000   12.84322614   0.01566873
2014-05-27 01:59:57   BUY   0.00122000   398.79146772   0.48652559
2014-05-27 01:59:42   BUY   0.00122000   60.10546394   0.07332866
2014-05-27 01:59:36   SELL   0.00115000   621.14938420   0.71432179
2014-05-27 01:59:36   SELL   0.00115000   25.00000000   0.02875000
2014-05-27 01:59:36   SELL   0.00115060   3206.02205088   3.68884898
2014-05-27 01:59:36   SELL   0.00116000   15.00000000   0.01739999
2014-05-27 01:59:36   SELL   0.00116000   15.00000000   0.01739999
2014-05-27 01:59:36   SELL   0.00116006   1000.00000000   1.16006000
2014-05-27 01:59:36   SELL   0.00116200   50.00000000   0.05810000
2014-05-27 01:59:36   SELL   0.00116500   102.23811836   0.11910740
2014-05-27 01:59:36   SELL   0.00118000   1500.00000000   1.77000000
2014-05-27 01:59:36   SELL   0.00118200   50.00000000   0.05910000
2014-05-27 01:59:36   SELL   0.00119101   22.40833064   0.02668854
2014-05-27 01:59:36   SELL   0.00119110   30.40833064   0.03621936
2014-05-27 01:59:36   SELL   0.00119120   62.96172682   0.07500000
2014-05-27 01:59:36   SELL   0.00119150   204.90363825   0.24414268
2014-05-27 01:59:36   SELL   0.00119150   48.13220706   0.05734952
2014-05-27 01:59:36   SELL   0.00119151   10.77621315   0.01283996
2014-05-27 01:59:36   SELL   0.00119155   100.00000000   0.11915500
2014-05-27 01:59:30   BUY   0.00120000   231.62789825   0.27795347
2014-05-27 01:59:21   BUY   0.00120000   4.38251666   0.00525902
2014-05-27 01:58:58   SELL   0.00119500   365.53358164   0.43681263
2014-05-27 01:58:14   BUY   0.00120000   16.08462700   0.01930155
2014-05-27 01:58:04   SELL   0.00120000   10.00000000   0.01199999
2014-05-27 01:56:25   BUY   0.00123500   14.05494107   0.01735785
2014-05-27 01:56:09   BUY   0.00120000   29.03158931   0.03483790
2014-05-27 01:55:57   BUY   0.00120000   28.92975453   0.03471570
2014-05-27 01:55:42   SELL   0.00120000   85.21923698   0.10226308
2014-05-27 01:55:41   SELL   0.00120000   13.81282160   0.01657538
2014-05-27 01:55:41   SELL   0.00121000   1.63463813   0.00197792
2014-05-27 01:55:41   SELL   0.00121000   16.00000000   0.01935999

Were going extra low right now though

I really wouldn't worry dudes, panic dumps happen it's nbd.

im dying over here lol

here is the Reason:

2014-05-27 01:56:25   BUY   0.00123500   14.05494107   0.01735785
2014-05-27 01:56:09   BUY   0.00120000   29.03158931   0.03483790
2014-05-27 01:55:57   BUY   0.00120000   28.92975453   0.03471570
2014-05-27 01:55:42   SELL   0.00120000   85.21923698   0.10226308
2014-05-27 01:55:41   SELL   0.00120000   13.81282160   0.01657538
2014-05-27 01:55:41   SELL   0.00121000   1.63463813   0.00197792
2014-05-27 01:55:41   SELL   0.00121000   16.00000000   0.01935999
2014-05-27 01:55:07   BUY   0.00123500   44.17052882   0.05455060
2014-05-27 01:55:06   SELL   0.00121010   128.08622699   0.15499714
2014-05-27 01:55:06   SELL   0.00121010   600.98171713   0.72724798
2014-05-27 01:54:47   SELL   0.00121010   2399.01828287   2.90305202
2014-05-27 01:54:47   SELL   0.00121011   100.00000000   0.12101100
2014-05-27 01:54:47   SELL   0.00121015   294.72069960   0.35665625
2014-05-27 01:54:47   SELL   0.00121888   511.30731951   0.62322226
2014-05-27 01:54:47   SELL   0.00122050   889.83819559   1.08604751
2014-05-27 01:54:47   SELL   0.00122050   50.00000000   0.06102500
2014-05-27 01:54:47   SELL   0.00123001   69.34389257   0.08529368
2014-05-27 01:54:47   SELL   0.00123001   69.34389257   0.08529368
2014-05-27 01:54:46   SELL   0.00123500   416.33742827   0.51417672
2014-05-27 01:54:46   SELL   0.00123500   151.78264102   0.18745156
2014-05-27 01:54:46   SELL   0.00123501   48.30764800   0.05966042
2014-05-27 01:53:59   BUY   0.00127900   25.27365129   0.03232500
2014-05-27 01:53:13   BUY   0.00129300   165.14656612   0.21353451
2014-05-27 01:53:13   BUY   0.00129000   20.00000000   0.02579999
2014-05-27 01:52:04   SELL   0.00123001   95.36101839   0.11729500
2014-05-27 01:51:29   SELL   0.00123001   47.34215287   0.05823132
2014-05-27 01:51:28   SELL   0.00123300   53.77195278   0.06630081
2014-05-27 01:51:28   SELL   0.00124000   97.40830029   0.12078629
2014-05-27 01:51:28   SELL   0.00124200   243.62319564   0.30258000
2014-05-27 01:51:21   SELL   0.00125200   0.61736389   0.00077293
2014-05-27 01:51:21   SELL   0.00125200   76.43494944   0.09569656
2014-05-27 01:51:08   SELL   0.00125200   178.61203200   0.22362226
2014-05-27 01:49:26   SELL   0.00130000   200.15631092   0.26020320
2014-05-27 01:49:26   SELL   0.00130372   0.53261033   0.00069437
2014-05-27 01:48:05   BUY   0.00130001   4.66375379   0.00606292
2014-05-27 01:48:02   SELL   0.00124000   102.59169971   0.12721371
2014-05-27 01:48:02   SELL   0.00124000   84.48879020   0.10476609
2014-05-27 01:48:02   SELL   0.00124000   20.00000000   0.02480000
2014-05-27 01:48:02   SELL   0.00124050   97.40830029   0.12083499
2014-05-27 01:47:52   SELL   0.00130020   0.13624621   0.00017714
2014-05-27 01:47:02   BUY   0.00131990   77.80759906   0.10269825
2014-05-27 01:47:02   BUY   0.00131900   4.00000000   0.00527600
2014-05-27 01:46:51   BUY   0.00131990   138.19512341   0.18240374
2014-05-27 01:46:31   SELL   0.00130001   1332.17172495   1.73183656
2014-05-27 01:46:18   BUY   0.00133330   519.73639749   0.69296453
2014-05-27 01:46:09   BUY   0.00133330   144.30840771   0.19240640
2014-05-27 01:46:09   BUY   0.00133000   50.00000000   0.06650000
2014-05-27 01:46:09   BUY   0.00130000   19.87416474   0.02583642
2014-05-27 01:45:54   SELL   0.00130000   0.12583526   0.00016358
2014-05-27 01:44:48   BUY   0.00130003   46.02944767   0.05983966
2014-05-27 01:44:48   BUY   0.00130003   705.71339587   0.91744858
2014-05-27 01:44:31   BUY   0.00130003   76.80609678   0.09985023
2014-05-27 01:44:19   SELL   0.00130003   50.00000000   0.06500150
2014-05-27 01:44:04   BUY   0.00135800   570.48160381   0.77471401
2014-05-27 01:43:53   BUY   0.00120000   122.97415833   0.14756899
2014-05-27 01:43:53   BUY   0.00120000   36.16000000   0.04339200
2014-05-27 01:43:52   SELL   0.00120000   0.50000000   0.00059999
2014-05-27 01:43:52   SELL   0.00120000   150.00000000   0.18000000
2014-05-27 01:43:52   SELL   0.00120004   99.06059564   0.11887668
2014-05-27 01:43:52   SELL   0.00121000   2000.00000000   2.42000000
2014-05-27 01:43:52   SELL   0.00121001   100.00000000   0.12100100
2014-05-27 01:43:52   SELL   0.00121002   40.00000000   0.04840080
2014-05-27 01:43:52   SELL   0.00121003   0.92987879   0.00112518
2014-05-27 01:43:52   SELL   0.00122122   1098.57909341   1.34160676
2014-05-27 01:43:52   SELL   0.00122122   832.51949265   1.01668945
2014-05-27 01:43:52   SELL   0.00122125   100.00000000   0.12212499
2014-05-27 01:43:52   SELL   0.00122200   500.00000000   0.61100000
2014-05-27 01:43:52   SELL   0.00122201   1907.89753292   2.33146986
2014-05-27 01:43:52   SELL   0.00122202   46.02944767   0.05624890
2014-05-27 01:43:52   SELL   0.00122920   546.20058929   0.67138976
2014-05-27 01:43:52   SELL   0.00123200   109.72964174   0.13518691
2014-05-27 01:43:52   SELL   0.00123200   17.29367651   0.02130580
2014-05-27 01:43:52   SELL   0.00123500   1000.00000000   1.23499999
2014-05-27 01:43:52   SELL   0.00123533   220.00000000   0.27177259
2014-05-27 01:43:52   SELL   0.00124000   55.90849130   0.06932652
2014-05-27 01:43:52   SELL   0.00128000   500.00000000   0.64000000
2014-05-27 01:43:52   SELL   0.00128000   20.00000000   0.02560000
2014-05-27 01:43:52   SELL   0.00130000   32.50000000   0.04225000
2014-05-27 01:43:52   SELL   0.00130000   1000.00000000   1.30000000
2014-05-27 01:43:52   SELL   0.00130000   3098.04524675   4.02745882
2014-05-27 01:43:52   SELL   0.00130001   100.00000000   0.13000100
2014-05-27 01:43:52   SELL   0.00130001   44.00000000   0.05720044
2014-05-27 01:43:52   SELL   0.00130002   100.00000000   0.13000200
2014-05-27 01:43:52   SELL   0.00130002   70.00668748   0.09101009
2014-05-27 01:43:52   SELL   0.00132001   12.00000000   0.01584012
2014-05-27 01:43:52   SELL   0.00135000   27.53304288   0.03716961

this happens now a day,s whit shit ton of big miners out there ( 1-2 peeps whit a lot of HASH )

back in the day most had a couple of vid cards

now u can rent a shit ton for cheap and mine the crap out of a coin

haha this is the last chance Multipool dump their coin!

no more coin for Multipool anymore!

I'm sorry to say it's pointless to pump a PoW/PoS coin until PoW is over. These things are bound to happen.

I'm speculating here, but perhaps someone spent a lot of money on a farm to get a ton of coins to dump so that they could scare XC holders into dumping and buying their current Darkcoin pump. Then they will move the profits back to XC.

well i spent all day pumping this to 0.0015 and seeing this happens breaks my heart