Topic: Execoin: | First Open-Source Stealth Wallet Released! | Fast | ASIC-proof - page 66. (Read 281694 times)

EXE doesn't need another exchange right now - we need more buy volume on cryptsy to ensure a solid marketcap floor.

EXE's biggest potential advantage is the falling profits in scrypt mining by GPUs.  To take advantage, we need to create a solid price floor so that miners feel comfortable not just leaving their rigs on EXE, but also comfortable holding the coin knowing that the price is likely to increase. I think it should be this community's goal to create enough price stability that EXE can surpass VTC in network hashrate.

Did not see any progress,include Bter,AMA...

Hi, execoin devs and execoin community~
Any news from china Bter exchange the EXECOIN BE list in Exchange trade?

If someone wants to buy a large chunk of EXECoin from me, say at 4200sat, I will put all the BTC back up as a buy order.  PM me if interested.  Plus, there's no way to buy this much EXECoin at market unless you want to pay crazy prices.

Here is the Cryptsy EXE bid wall as of about an hour ago, using data from the Cryptsy order book http://pubapi.cryptsy.com/api.php?method=singleorderdata&marketid=183:

http://i.imgur.com/dv86UyK.png

Notice the nice wall being constructed at 3500 satoshi, with help from a step at 3650. The wall is about 40,000 EXE in height (1.4 BTC). My guess at the minimum height of a rock-solid wall capable of withstanding a modest assault would be at least 1% of the coin supply (5877450 EXE * 0.01 = 58,775 EXE or 2.06 BTC). A bomb-proof wall capable of withstanding a tsunami-scale attack would probably require 10% or 20 BTC. If we can get to 2 BTC, that would be a good start, and we're most of the way there already.

If we are successful with this campaign, the next question would be when and how much to move the wall. We could have an ongoing discussion and move the wall by consensus, or we could have a guideline that requires no further discussion. For example: "When the bid wall reaches X percent of the outstanding coin supply, advance the wall 100 satoshi. If the wall falls to X/2 due to an attack, retreat 100 satoshi." This formula automatically accounts for the steadily increasing coin supply, and requires no ongoing discussion unless the formula needs to be changed. If the chosen height X proves to be too small, we can double it.

I've been watching the big order (15,000+ EXE ~ .5 BTC) @  3500 satoshi since yesterday to see if it would grow or move. It's stayed at about the same price and size. I think it helped support the EXE price when it broke down through 4000 satoshi yesterday. Right now there are eight 1000-5000 EXE orders just above the big one. Maybe some of these are altcoin mining profits intended to be coverted to EXE but they also add to the wall being so close to it.

I've just put in a bid for 3000 EXE @ 3500, to increase the bid there to 18,417 (0.645 BTC), having sold my NXT position to raise some BTC. I don't necessarily want to sell those BTC right now (for the sake of diversification), but I'm willing to risk them on the bid wall.

I'm continuing to mine profitable altcoins and buying EXE with the BTC proceeds, usually in the gap between the ask and bid price on Cryptsy. I was mining FLT but after only a day the price dropped too much, so I looked for others. I tried to join manicminer.in (as recommended by reddit user /u/winterm) but my cgminer didn't work with them as they warned. I tried switching to bfgminer but couldn't get it working so I started looking elsewhere.

I found a nice multi-coin pool hash-to-coins.com. It's small but it's been working well so far with cgminer. This pool tracks the most profitable coins and allows you to switch between them (or split your workers between several) with a few mouse clicks. I've been mining FLAP for a day, although right now transactions are frozen due to a hard fork. The operator of hash-to-coins.com is right on top of it. For the first time I've tried withdrawing my coins directly to an exchange (Poloniex in this case). I thought this was not recommended but it's working fine for me and saves the trouble of going through my wallet, or even needing a wallet.

Let's make the buy wall at 3650 the floor!  If you believe in EXE, then throw even a .1BTC buy order up at 3650.  A few BTC stacked close on the buy side is what this coin needs to keep the network power up and this coin strong.

Is it  good a idea instead of having 40 sec blocks to make it 1 min... and does not matter how low the difficulty may be - the next block to be very 60 seconds?

Thank you execoin devs and execoin community! You are great! I continue to believe in the good future of this coin. Like many others I have not dump a single execoin, sucking up the electricity loses, smiling and looking positively ahead! ...not just ahead but to the moon!

You're welcome to use my p2pool node http://216.249.119.195:9173/

exe dedicatedpool is messed up.

Excellent. Looking forward to hearing good things about EXE.

I wish people would stop selling EXE so cheap on Poloniex. It's almost like the price is intentionally kept down.

The great dev team is definitely one of EXECoin's big advatages.  With scrypt ASICs coming en mass this year, it is going to be a very interesting time for EXE and other alternative algorithm coins.

If you are a crypto speculator, holding EXE just makes sense - and at these prices, it's a great time to buy in.

That sounds great!

We're thinking to reduce the reward, details will be provided soon! Also, we're thinking to add some more technologies to EXE that will increase its value.

I remember someone comparing execoin to vertcoin and how execoins faster block time causes the supply to increase more rapidly (and also causes the block subsidy to end sooner), so maybe the payout per block could be decreased and the amount of time inbetween block reward halvings increased?

Could be. Maybe the reward halving sooner than block 840,000 would help?

I think the block reward of 50 is a bit too high for EXE, maybe it's time for developers/community to rethink this?

Very true. Also this coin is not even 2 months old, have some patience! When the 300MH/s scrypt ASICs hit (KnC Titan), things will get interesting.