Why would a rogue miner kill his/their own golden goose slowly? How many coins can they dump daily? I think some "weak hands" have been slowly dumping off as it is hard to compete with the community supporting XMR (more liquidity). That and most traders buy high and sell low especially in the new coin market. It goes beyond traditional analysis.
More people need to know about BBR.
Not buying that the dump is purely down to weak hands. Why would a weak hand dump when the price and buy interest rises?
Maybe for a rogue miner using say a huge botnet, BBR isn't a golden goose they can afford to wait on. The imperative may be to convert to BTC/ fiat asap, while the going is good, rather than sit on evidence of criminal activity.
Rogue miner seems like a very broad brush. Why would a rogue miner bother to mine such an unprofitable coin? Even if their costs are zero, they would be making more money mining XMR or other coins for that matter. The number of coins dumped in the last 2 weeks indicate speculators leaving, even if it means short term exit. When you dump to this level there has got to be other factors playing and we can only guess about some of this. It isn't just Option 1 or Option 2.
The fundamentals have not changed and there is increased level of awareness. Good for new entrants really.
Christian, let's play with the team, yo
You have had your fun. You can only make this better with everyone else playing with you
@Wolf0 -> I know you are just releasing in a slightly delayed scale and that's fine. It will be hard for average miners to keep up with you test releases as they seem to change quite often.
Why this coin? Maybe this is the most profitable coin that uses the Wild Keccak PoW Algorithm?
I neither know nor care.
Studying the data (like I have) leads me to the conclusion that there is someone (maybe a group acting in cohorts, doesn't matter), systematically dumping on Poloniex. The patterns are consistent with someone mining cheap coins and dumping with little regard for the price. There is nothing to suggest this is speculators independently dumping the coin.
The price will continue to fall until the rogue miner (as I call them) stops dumping. That's my take, do with that info, what you may.
Seems like you care a lot.
Which is ok. I would rather try to dig deeper than just say Option 1, no Option 2. Are you saying this "rogue miner" has found an exploit in Wild Keccak and is producing more coins than through OpenCL/GPU/CPU/publicly available miners ?
For some reason I thought you were insinuating towards botnet ops which wouldn't make sense, since there are plenty of coins, not just XMR, which are
far more profitable with botnets. It seems like this is not what you meant.
Let's keep this debate going. I appreciate your input.
I'm saying I neither know nor care. But I'll indulge you.
It "could be" a lot of things that compel this rogue miner to do what they're doing.
PROFITABILITY QUESTION:
It needn't be about profit, and my belief is it isn't profit driven. If it were profit driven, the rogue miner would allow the coin to rebound and for the price to rise/ stabilise and confidence to return before dumping again. This rogue miner has little regard for the price.
POSSIBLE MOTIVES:
- It might be some simply out to destroy the coin to eliminate a rival or even discredit CN coins generally.
- It could be someone out to destroy this coin for 'kicks' or simply because they can.
POSSIBLE METHODS:
- This rogue miner could be using a botnet, if they're not doing it for profit, the fact that there are more profitable coins they could mine is irrelevant
- It may be they've found a way of hashing THIS coin x100 faster than any other miner out there
THE EVIDENCE:
My point is... all that 'who dunnit' is irrelevant and just leads to needless finger pointing and unhelpful allegations that cannot be substantiated. I study the DATA and what that is telling me. It's telling me this
ONE rogue miner (I don't know who & don't care who), mining the majority of the coins and systematically & consistently dumping them on Poloniex (I don't know why and I don't care why).
It is so obvious, I can only imagine no-one else has bothered to watch trades for any given amount of time. I've been diligently watching for a few weeks. I've also bothered to wade through tx histories to see how they correlate with dumps in Poloniex, as part of my due diligence ahead of deciding whether to invest heavily (for me) in this coin. I won't bore you with the details of my findings, it's all hiding in plain sight anyway.
One thing I think everyone can agree on is the discrepancies between total hashrate for BBR and the hashrate of the known pools. All the pools combined - a measly 10-12MH/s out of 1-1.5GH/s being hashed. They find a handful of the 720 blocks emitted each day. The majority are mined in the great 'unknown.' I am positive that at least 300-400 of those blocks are going to the rouge miner. With private miners making up the rest.
QUESTION FOR MINERS:
Flip the question on it's head... if there isn't a rogue miner (and it was say investors dumping). Who on earth is mining 1GH/s of BBR at this point and to what purpose? To make a profit?? Aren't there more profitable coins? To get BBR?? Wouldn't it be more profitable to mine other coins at this point, sell them and use the proceeds to buy BBR from the dumping investors on the exchanges??