Good job killing DGC / - page 4. | Bitcointalksearch.org

503guy

full member

Activity: 140

Merit: 100

Quote from: erk on May 23, 2013, 02:30:10 PM

Quote from: 503guy on May 23, 2013, 02:28:23 PM

Quote from: erk on May 23, 2013, 02:26:42 PM

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.

Code:


Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			50		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

lol LTC $15 -- good luck with your pipe dream.

It's attitudes like that which distort the market. If you don't understand the basic arithmetic then ask or leave.

The market isn't based on any arithmetic, only what people perceive as worth.

erk

hero member

Activity: 826

Merit: 500

Quote from: 503guy on May 23, 2013, 02:28:23 PM

Quote from: erk on May 23, 2013, 02:26:42 PM

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.

Code:


Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			50		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

lol LTC $15 -- good luck with your pipe dream.

It's attitudes like that which distort the market. If you don't understand the basic arithmetic then ask or leave.

503guy

full member

Activity: 140

Merit: 100

Quote from: erk on May 23, 2013, 02:26:42 PM

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.

Code:


Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			50		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

lol LTC $15 -- good luck with your pipe dream.

erk

hero member

Activity: 826

Merit: 500

For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table. It's all about the designed number of coins to be produced per hour.

Code:


Coin		Coins/block	Time/Block(secs)	Coins/hour	Value vs BTC	$USD
						
BTC		25			600		150		1		$125.00
LTC		50			150		1200		0.125		$15.63
DGC		20			20		3600		0.0416666667	$5.21
FTC		200			150		4800		0.03125		$3.91
CNC		88			60		5280		0.0284090909	$3.55
WDC		32			15		7680		0.01953125	$2.44

You can see clearly that DGC should be worth twice as much as WDC yet people sold it for less.

gudmunsn

sr. member

Activity: 336

Merit: 250

Quote from: erk on May 23, 2013, 02:09:52 PM

DGC is almost identical to WDC so there are millions of DGC out there too for you to dump.

As of this writing, there are 22626 blocks out there, which equates to just under 345,600 coins total in existance...

# of Blocks Total coins
1080 2,160
2160 3,240
3240 5,400
4320 10,800
5400 19,440
6480 31,320
7560 46,440
8640 64,800
9720 86,400
10800 108,000
11880 129,600
12960 151,200
14040 172,800
15120 194,400
16200 216,000
17280 237,600
18360 259,200
19440 280,800
20520 302,400
21600 324,000
22680 345,600
23760 367,200

aikklond

legendary

Activity: 1148

Merit: 1000

Quote from: erk on May 23, 2013, 02:09:52 PM

Quote from: aikklond on May 23, 2013, 01:59:57 PM

If it should it will.

Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).

I am not selling this one .

People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)

I haven't sold any WDC yet because of people like you dumping below it's price. DGC is almost identical to WDC so there are millions of DGC out there too for you to dump. Please go mine BTC where you can do little harm.

Getting the price wrong on launch can set it back weeks even months.

You are wrong, just about 300k of DGC have been mined.

I am sorry but I did not believe in WDC. Just my view.

erk

hero member

Activity: 826

Merit: 500

Quote from: aikklond on May 23, 2013, 01:59:57 PM

If it should it will.

Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).

I am not selling this one .

People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)

I haven't sold any WDC yet because of people like you dumping below it's price. DGC is almost identical to WDC so there are millions of DGC out there too for you to dump. Please go mine BTC where you can do little harm.

Getting the price wrong on launch can set it back weeks even months.

aikklond

legendary

Activity: 1148

Merit: 1000

Quote from: erk on May 23, 2013, 01:56:28 PM

Quote from: saudibull on May 23, 2013, 12:48:15 PM

Well so far, sellers on Cryptsy are following the all too common trend for killing a new alt, starting sales at the highest bid for buying, for some reason you people cant hold back just for a little while and start selling at a much higher rate, eventually people Will buy higher, but all you tards sell out, and ruin what could have been a really good profit for the rest of us -

There are either idiots that don't know how to trade on an exchange, or stooges that are there to deliberately keep the price down. Either way they have spoilt a good coin which should be selling for 0.003 BTC not 0.00056 BTC

If it should it will.

Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).

I am not selling this one .

People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)

503guy

full member

Activity: 140

Merit: 100

Quote from: saudibull on May 23, 2013, 12:48:15 PM

Well so far, sellers on Cryptsy are following the all too common trend for killing a new alt, starting sales at the highest bid for buying, for some reason you people cant hold back just for a little while and start selling at a much higher rate, eventually people Will buy higher, but all you tards sell out, and ruin what could have been a really good profit for the rest of us -

If you think they are selling too low, then why not buy? It's a free market, if miners want to sell their coins low for a small profit -- then fine. Mining rigs aren't free.

krasnyoktyabr

full member

Activity: 140

Merit: 100

Quote from: GSnak on May 23, 2013, 01:52:28 PM

Quote from: aikklond on May 23, 2013, 01:50:25 PM

Too few DGC for the price to keep so low forever. Just hold your coins.

https://bter.com/trade/btb_btc

It doesn't help that BitBar has literally no use. At least you can make an arbitrary case for why DGC is valuable (short transaction time, fair release). BitBar had about 75% of it's output mined in a few hours and it can't be used to "consolidate" anything. It isn't designed to be anything except a wallet.

erk

hero member

Activity: 826

Merit: 500

Quote from: saudibull on May 23, 2013, 12:48:15 PM

Well so far, sellers on Cryptsy are following the all too common trend for killing a new alt, starting sales at the highest bid for buying, for some reason you people cant hold back just for a little while and start selling at a much higher rate, eventually people Will buy higher, but all you tards sell out, and ruin what could have been a really good profit for the rest of us -

They are either idiots that don't know how to trade on an exchange, or stooges that are there to deliberately keep the price down. Either way they have spoilt a good coin which should be selling for 0.003 BTC not 0.00056 BTC I have stopped mining DGC because it is selling too low. Coinchoose is misleading people into mining coins that are hard to sell or sell for too little.

TheSwede75

full member

Activity: 224

Merit: 100

It's just following the all too common trend for Alt Coins. Sell/Buy here at inflated value, get to a shitty 'exchange' (like cryptsy or mnxderp.com the scam gutters of trading) and dropping like a stone. The end.

GSnak

full member

Activity: 182

Merit: 100

Quote from: aikklond on May 23, 2013, 01:50:25 PM

Too few DGC for the price to keep so low forever. Just hold your coins.

https://bter.com/trade/btb_btc

r3wt

hero member

Activity: 686

Merit: 504

always the student, never the master.

Quote from: aikklond on May 23, 2013, 01:50:25 PM

Too few DGC for the price to keep so low forever. Just hold your coins.

sold all mine and bought a website.

aikklond

legendary

Activity: 1148

Merit: 1000

Too few DGC for the price to keep so low forever. Just hold your coins.

nesic1

hero member

Activity: 636

Merit: 500

what you expect when mining in one pool so he get scared and dump his coins

r3wt

hero member

Activity: 686

Merit: 504

always the student, never the master.

I'll sell you all my DGC for a penny. meet me in the park at midnight. bring as much cash and valuables as possible. I'll be the guy in the black clothing with a ski mask and a large hunting knife. don't be alarmed though, i'm a nice guy. Grin

r3wt

hero member

Activity: 686

Merit: 504

always the student, never the master.

Quote from: BitshireHashaway on May 23, 2013, 12:57:56 PM

Quote from: saudibull on May 23, 2013, 12:56:35 PM

Quote from: AZIZ1977 on May 23, 2013, 12:54:37 PM

That is why i always advise our goldcoin community not to hurry to have the coin on an exchange. First buildup a big loyal goldcoin supporters and than go to exchange. Now all those miners only want to be fast on an exchange to dump their millions of coins.

I keep hearing that about GLD, I guess we'll see, I have some, but I honestly think it will be forgotten before it ever makes it to exchange, and itll die -

Its going on cryptsy and it hasn't been forgotten about.

i only sold 8k of mine...

Walt Sobchak

full member

Activity: 210

Merit: 110

God rest Donnie's soul.

The coin has been on the exchange for not even one day, how is it killed? You are misleading people with the title of this thread....

GSnak

full member

Activity: 182

Merit: 100

Quote from: saudibull on May 23, 2013, 12:48:15 PM

but all you tards sell out, and ruin what could have been a really good profit for the rest of us -

This is a valid point. The goal of investing should shift toward making other people money, not one's self. If it did, the world would be a better place - for other people.

Topic: Good job killing DGC / - page 4. (Read 4082 times)