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madnesscoin

newbie

Activity: 14

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Quote

The result in theory should be that the price increases; after all the diff will change sooner or later, making the supply increase again at that time until the diff changes back high again.

yes this is a theory, but 5 days ago it went exactly the opposite way.... with high difficulty(around 30ish? or something) the price was constantly dropping to 0,012 when the difficulty changed to 10?(i think, or somewhere around that) we saw the massive burst to 0,07 and with next retarget to high difficulty it started to drop where we are now....

braxx

sr. member

Activity: 392

Merit: 250

Quote from: ?? on ??

Quote from: myrinx on January 10, 2014, 02:41:19 AM

Without miners right now, we won't even make that diff change within a day.

Block time is 7min 49sec now.

We need miners in the system to save the coin.

Don't drop out but start hashing on http://rpc.pooljunkie.nl right now!

A couple of questions. I'm an investor and enthusiast, not mining at the moment.

1. I thought the block time was at a constant two minutes...it can change? If so, what are the parameters, causes, and consequences of this change? Educate me.

2. When you are saying "save the coin", I have no idea what you mean. Could you explain? From my perspective as an investor, if you are saying that it is getting harder to get the coin, to me that is the definition of saving it. Help me understand what you mean.

I'll try to explaine...

the block time is set to 2 minutes... it is regulated by a difficulty...
when we mine to fast (blocks found < 2minutes) the diff will go up (calculated) to get the blocktime back to 2 minutes
for some people at that point it is not profitable to mine anymore (blocks not coming in fast enough what they like) and they bale out.
we loose a lot of net hashrate and that's why the block time increase to 7 a 8 minutes now... the next diff will be retargeted lower, and it will be profitable again for miners => shorter block time => it won't take long for diff to go up again...

this is happening constantly up/down/up/down...

ps sorry for my bad english

dotnetmin

hero member

Activity: 756

Merit: 500

This coin will have the same problem as many others new alt coins. At next diif drop a lot of miners will come in and mine it as much as they can
to dump it as fast as possible and make profit. Within a half day the next retarget will go to mars, not to moon and miners will left it again for more than 4-5 days
util the next small diffi retarget. Coin lovers have to mine coin and keep transactions go one during unprofitable time. Block retarget is tooooooooo long.
fix it or coin will dy because miners left the boat.
To make a coin succsellful you need to have a investor that is able to jump in with his mininfarm to garantee the estimatet blocktime until the work is not done by miners doinig this itself.

I think you need 2 Gh/s to keep 2 minute Blocktime running at current diffi. If you calculate 1000$ / mhash you need 200,000$ invested in a mining farm to be unindependent from the mining community. So how should a new coin survive without premine Huh

No Chance - You cant compare with bitcoin !!! Bitcoin has a long long life with no miners. No new altcoin will work out without a big investment in the background.

myrinx

newbie

Activity: 28

Merit: 0

Quote from: ?? on ??

Quote from: myrinx on January 10, 2014, 02:41:19 AM

Without miners right now, we won't even make that diff change within a day.

Block time is 7min 49sec now.

We need miners in the system to save the coin.

Don't drop out but start hashing on http://rpc.pooljunkie.nl right now!

A couple of questions. I'm an investor and enthusiast, not a miner.

1. I thought the block time was at a constant two minutes...it can change? If so, what are the parameters, causes, and consequences of this change? Educate me.

2. When you are saying "save the coin", I have no idea what you mean. Could you explain? From my perspective as an investor, if you are saying that it is getting harder to get the coin, to me that is the definition of saving it. Help me understand what you mean.

At this moment; yes its much harder to get the coin, because there is a limited amount of miners mining the coin. This means that the average target time to get a coin now is 7 minutes and 57 seconds; instead of the target 2 minutes. This means it takes 4x longer than normal (also meaning only 180 coins are minted over 24 hrs right now).

This can change (and will) when the difficulty of the coin gets adjusted. However; that takes another 290 blocks before that happens (about 38,5 hrs if network hash-rate stays the same).

Additionally; and this is the crap part; taking more time to find a block also means it takes longer to transfer coins from 1 place to another.

This means imo that it's easier to buy a coin than it is to mint a coin... The result in theory should be that the price increases; after all the diff will change sooner or later, making the supply increase again at that time until the diff changes back high again.

relb

member

Activity: 113

Merit: 100

EDIT. FIXED. good day to you Roll Eyes

Armchair Miner

sr. member

Activity: 296

Merit: 250

The longer the block time the rarer the coin Wink

Quote from: myrinx on January 10, 2014, 02:41:19 AM

Without miners right now, we won't even make that diff change within a day.

Block time is 7min 49sec now.

We need miners in the system to save the coin.

Don't drop out but start hashing on http://rpc.pooljunkie.nl right now!

myrinx

newbie

Activity: 28

Merit: 0

Without miners right now, we won't even make that diff change within a day.

Block time is 7min 49sec now.

We need miners in the system to save the coin.

Don't drop out but start hashing on http://rpc.pooljunkie.nl right now!

francong

newbie

Activity: 50

Merit: 0

Next difficulty down to 21 which is a quarter of current diff.

I believe miners will be back.

infofront

legendary

Activity: 2646

Merit: 2842

Shitcoin Minimalist

Also, virtually every other altcoin is down too.
I believe we've overshot the mark heading down (and will likely keep going). This coin should settle in around 0.035 when the dust settles, barring any major news.

Armchair Miner

sr. member

Activity: 296

Merit: 250

indeed. And it's back up, as scheduled.

weredo911

sr. member

Activity: 270

Merit: 250

Quote from: Armchair Miner on January 09, 2014, 11:41:35 PM

It's not just you! http://coinedup.com looks down from here.

Scheduled maintenance. They announce these things on Twitter. Wink

Armchair Miner

sr. member

Activity: 296

Merit: 250

It's not just you! http://coinedup.com looks down from here.

Mike_Rotch

member

Activity: 84

Merit: 10

Quote from: Kanamatras on January 09, 2014, 07:37:23 PM

Hey Folks I'm happy to announce:

THE RONPAULCOIN POOL PARTY!

What is the RPC Pool Party?
The RPC Pool Party is a day where all participating pools offer their services for 0%fee!

When does the RPC Pool Party start?
The RPC Pool Party starts at 5:00PM(17:00) PST today!(20 min)

When does the RPC Pool Party end?
The RPC Pool Party ends at 5:00PM(17:00)PST tommorow and therefore will run exactly 24 hours!

Which Pools participate in the RPC Pool Party?
Nearly all pools accepted to participate in the pool party, but to be sure please check the pools websites!

I hope you all enjoy the RPC Pool Party and we can welcome you and your miners on one of the participating pools!

cheers

Kana

hvezdasmrti

sr. member

Activity: 797

Merit: 251

Quote from: NicolaUK on January 09, 2014, 03:16:00 PM

Quote from: hvezdasmrti on January 09, 2014, 03:11:40 PM

Im miner and dumping is the best thing what may happen. Why?

Because:

a) dumping makes the rebuy possible at lower price (profit)
b) dumping makes difficulty crashing (profit)
c) low hashrate makes the coin worthless with too slow transactions (and this kills the trust and makes the price sinking so i dont regret previous dumping at higher price than today value)

When the price reaches bottom and again starts to rise i will just keep mining one day until diff retargets (no reason to mine at higher diff) and start selling until it goes down again.

All coins with so slow block retarget are suffering from being pumped and dumped just by pure mining.

How does it feel that someone like me makes more profit from your cheap dumping when you do all the work

I can buy from you @ say 0.02 and sell 0.04 most likely on the same day

I thankyou sir for all the hard work you do for me.

Congratulatons, you made 0.005-0.01 loss if you bought from me... Sold all at 0.04-0.055. Not mining 3 days, its unprofitable. Maybe i will start mining in 2 days after diff retarget BUT the 300+ blocks will take forever because hashpower halves every day. Only idiot would mine something what has 80 diff and inadequate price.

Audity

member

Activity: 81

Merit: 100

Quote from: Edward50 on January 09, 2014, 09:02:00 PM

Even now, not one person said, "you were right".

You're right.
...For now.

Maybe even in the future.
Doesn't mean you're infallible.

Now go jump into Nostradamus's bed and get fucked.

What in the flying fuck is a "Deutshe eMark"? No wonder it dropped in price.

This is RON PAUL we're talking about. It may as well be called LibertyCoin.

limbaugh

legendary

Activity: 1311

Merit: 1000

Quote from: Edward50 on January 09, 2014, 09:02:00 PM

Damn guys, $21.33 on coin market cap right now. -40.06% 24h change.

I am not even going to rub it in your faces because I genuinely tried to warn you guys.

I just don't understand why everybody here tells me I am wrong and not to listen to me, when I was 100% right? Why the hate when you could have listened to what I was saying and cashed out at $40+ when I warned you some days ago?

You guys should not take a blind faith to these coins and look at them as simply $$$.

Even now, not one person said, "you were right".

Regardless of what this arrogant prick says, the coin was due for a correction. It didn't take a genius to figure that out, happens to all new releases. Until the diff targeting is fixed, RPC is going to get hammered by multi's and then stagnate until the diff goes back down.

Edward50

hero member

Activity: 602

Merit: 500

Damn guys, $21.33 on coin market cap right now. -40.06% 24h change.

I am not even going to rub it in your faces because I genuinely tried to warn you guys.

I just don't understand why everybody here tells me I am wrong and not to listen to me, when I was 100% right? Why the hate when you could have listened to what I was saying and cashed out at $40+ when I warned you some days ago?

You guys should not take a blind faith to these coins and look at them as simply $$$.

Even now, not one person said, "you were right".

nesco1805

member

Activity: 70

Merit: 10

You mean those little pumps and dumps? OK then.

That still doesn't mean someone is preventing people from trading freely.

It's same as on any other non-crapcoin. And the same arguing within the thread(s).

1) Coin hits exchange
2) Eventually gets pumped
3) Those who are late start blaming pumps&dumps for not being able to sell at desirable price (preferably peeks or even higher)

So how can you blame P&D, when these occasional schemes are the very reason for coin peeks?

IEC09

newbie

Activity: 16

Merit: 0

Quote from: nesco1805 on January 09, 2014, 08:15:06 PM

What do you mean bro?

Something is wrong here? You can't buy or sell?

He's commenting on the obvious market manipulation. With only a few BTC you can cause a major swing in RPC prices by causing panic selling or panic buying (or both).

nesco1805

member

Activity: 70

Merit: 10

Quote from: NicolaUK on January 09, 2014, 05:48:48 PM

Sell RPC

Rate   RPC   BTC
0.0253   7.83321943   0.19818045
0.0255   0.1   0.00255
0.0256   0.1   0.00256
0.0257   0.1   0.00257
0.0258   0.1   0.00258
0.0259   0.1   0.00259
0.026   0.1   0.0026
0.0261   0.1   0.00261
0.0263   0.1   0.00263
0.0264   0.1   0.00264
0.027   1.75477744   0.04737899
0.0279   0.1   0.00279
0.02829   1.63187877   0.04616585
0.0284   2.6695807   0.0758161
0.02849   1.   0.02849
0.0285   77.13416125   2.1983236

Buy RPC

Rate   RPC   BTC
0.0252   0.1   0.00252
0.0251   0.1   0.00251
0.025     0.1   0.0025
0.0249   0.1   0.00249
0.0248   0.1   0.00248
0.0247   0.1   0.00247
0.0246   0.1   0.00246
0.0231   0.5   0.01155
0.023   1.70204186   0.03914696
0.0225   7.   0.1575

This aint free trading stop trying to control the market and let ppl trade freely

What do you mean bro?

Something is wrong here? You can't buy or sell?

Topic: error - page 129. (Read 360507 times)