Why we just can't BAN all multipools?
Make a modification in client to not accept blocks from some IP subnets and keep this IP address base distributed, similar to NameCoin.
Stike in head of cow pools.
Topic: LOTTOCOIN OLD THREAD, [CLOSED] - page 146. (Read 370524 times)
Yea... somehow I start to think to dump all my LOTs on next uptrand and rebuy at 9-11@ or even lower
The difficulty retargetting and random block reward is one of the best defences this coin can have against multipools, but it still doesn't stop them.
I have a feeling that multipools may decide to drop this coin in favour of more "stable" rewards when enough of their members complain about the returns from LOT. All it takes is a run of low value blocks, or hitting it for only one or two blocks then difficulty raising and them leaving, then coming back five minutes later when diff drops again. Their miners will spend an increased percentage of time switching. Lots of lost shares and overall will just cause lower returns for the multipool.
Thats the theory anyway.
I have a feeling that multipools may decide to drop this coin in favour of more "stable" rewards when enough of their members complain about the returns from LOT. All it takes is a run of low value blocks, or hitting it for only one or two blocks then difficulty raising and them leaving, then coming back five minutes later when diff drops again. Their miners will spend an increased percentage of time switching. Lots of lost shares and overall will just cause lower returns for the multipool.
Thats the theory anyway.
I'm hopeful that the multipools will eventually become victims of their own "success", along with devs building in features that make coins unattractive to mine over very short time periods. MiddleCoin is already having to spend long periods of time mining LTC purely because their 8-9GH/s would kill most other Alts and they'd never be able to dispose of the coins. Quite why miners are happy to pay 3% + exchange fees in order to mine something that they could mine elsewhere for 1% and then auto-sell at Cryptsy is beyond me. OTOH I have a very low opinion of the intelligence of people who use such pools anyway. Mindless drones is my favorite nomenclature.
Whatever the future, there can be little doubt that multipools with auto-exchange are just about the perfect mechanism for killing the very markets that they intend to profit from. The sooner they are consigned to the trashcan of history the better.
@14 lol!
@16, seems like we will see @10 in a few hours
RIP Lotto, burried by dumpers and cow pools
Even stupid and meaningless CAT holds price x100 times MUCH better.
RIP Lotto, burried by dumpers and cow pools
Even stupid and meaningless CAT holds price x100 times MUCH better.
actually even with current price of 15 its still more profitable to mine and sell LOT than cat..
On a bright note this should reduce auto sell and mining for a bit
where is that sell volume coming from :S
yea, srsly, we have dropped almost in 4-5 times lower than we have been(@55-@65)...
CAT dropped just in 2 times
CAT dropped just in 2 times
@16, seems like we will see @10 in a few hours
RIP Lotto, burried by dumpers and cow pools
Even stupid and meaningless CAT holds price x100 times MUCH better.
RIP Lotto, burried by dumpers and cow pools
Even stupid and meaningless CAT holds price x100 times MUCH better.
CAT TROLL lol
@16, seems like we will see @10 in a few hours
RIP Lotto, burried by dumpers and cow pools
Even stupid and meaningless CAT holds price x100 times MUCH better.
RIP Lotto, burried by dumpers and cow pools
Even stupid and meaningless CAT holds price x100 times MUCH better.
I swear cryptsy always gets laggy at the worst possible moment every time.....
True.It seems that it can not handle so much trading just in the moment when a lot of microtrades are going on.
I swear cryptsy always gets laggy at the worst possible moment every time.....
lawl, price @16... gg
BTW guys am not sure.. how long the trust process takes to be verified but please be careful of doing any trades with
jeff6475
https://bitcointalksearch.org/user/jeff6475-190663
He scammed a lot of Meows from others in the Kitteh thread.. Apparently the reason for the scam was cos there were too many WTS on the page and more importantly he dint think 1M kitteh was worth 1 BTC (pre-exchange) so he was saving those potential buyers from being scammed... the logic astounds me really...
The particular page can be found here...
https://bitcointalk.org/index.php?topic=383068.1300
jeff6475
https://bitcointalksearch.org/user/jeff6475-190663
He scammed a lot of Meows from others in the Kitteh thread.. Apparently the reason for the scam was cos there were too many WTS on the page and more importantly he dint think 1M kitteh was worth 1 BTC (pre-exchange) so he was saving those potential buyers from being scammed... the logic astounds me really...
The particular page can be found here...
https://bitcointalk.org/index.php?topic=383068.1300
is nut2pools down? I cannot connect to the EU server..
Still connected to Nut2pools EU, for 4 hours now.
Ah it's running again, nvm thnx
is nut2pools down? I cannot connect to the EU server..
Still connected to Nut2pools EU, for 4 hours now.
Depends on what the aims of the person are. If somebody has bought a load of mining rigs on credit card, they want the money to pay that back asap. They may just autosell whatever they mine, whether that be LOT or any other alt, just to get the money back quickly.
When its just a case of covering the electricity, and the hardware has already been paid for, then they could just sell enough to cover the electricity cost, and hold the rest and hope it goes up. They are the miners that are free to just play the market. Those who have costs or finance to cover will autosell until their costs are covered imho. With the mass influx of miners in recent months (and Im one of them) - most will be looking to pay back their rig cost before holding anything long term imho. Some will be able to afford to play the game and hold etc, but the vast majority will want to pay back the cost of that fancy new graphics card as soon as they can.
When its just a case of covering the electricity, and the hardware has already been paid for, then they could just sell enough to cover the electricity cost, and hold the rest and hope it goes up. They are the miners that are free to just play the market. Those who have costs or finance to cover will autosell until their costs are covered imho. With the mass influx of miners in recent months (and Im one of them) - most will be looking to pay back their rig cost before holding anything long term imho. Some will be able to afford to play the game and hold etc, but the vast majority will want to pay back the cost of that fancy new graphics card as soon as they can.
makes sense.. i, myself, have gotten one of my best friends into mining and we are making a go at establishing a mining farm. I've looked at all avenues with my friend opting for the credit card option..3% up front and then 10 months EMI makes it attractive enough but i vetoed that plan as it puts to much pressure on selling assets immediately.. i would rather be able to mine and hold for a better price than just sell everything for scraps.
Fact is its not only multipools that is an issue.. coinwarz sends a large group of miners our way whenever we are at the top 10.. plus the difference in mining profitability is negligible among all the coins is negligble taken over a 24 hour average. LOT is a good investment and as i've been mining a lot of new fail coins i've noticed a general declaration on most of the new coin thread was that when miners were done with mining they were headed back to LOT.. Somehow, Lots established itself as the go to coin to invest your hash rate in..
I've been one of C3ALL's biggest critics at times, but I would never ignore him. He really does not understand the influence he has on people sometimes, when his valid points make the coin look worse than it is by not focusing on the positive aspects enough. However, you can not ignore the overall point that he has kept this thread lively to say the least. I'm sure I'll get into it with him again, and yes he does drive me crazy. But like I said a few times, he's no dumbass. I don't know if he's too old or has too much money(if that's possible), I don't know. IMHO, believe it or not, he cares about the coin. Even if I think he's too hard on LOT and the devs at times, I think we just love to hate the guy. I for one love to get on him, and he gives us an opportunity to fight for the coin.
So when he says something you don't like because it's too negative, let's not bash him too much and focus coming back at him with REASONS the coin is good.
my 2 lots
So when he says something you don't like because it's too negative, let's not bash him too much and focus coming back at him with REASONS the coin is good.
my 2 lots
is nut2pools down? I cannot connect to the EU server..
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This is exactly like the slot games at Party Poker. Are these being added to lottocoincasino.com or are these for a new site?
Coming soon, exclusive to lottocoin
- Free Spins
- Hi/Low Feature
- Lucky axe feature
- Expanding wilds
- Prograssive jackpot
- Gamble win feature
- Free Spins
- Hi/Low Feature
- Lucky axe feature
- Expanding wilds
- Prograssive jackpot
- Gamble win feature
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