Not a chance 20 MHash was getting 10m a day on pools over the last few days. 3MHash was making about 300,000 at best for the last week, to make 20m a day would have taken about 200M Hash.
ive been mining 100k a day with 500kh and 60k yesterday and today 30k so i woulth say 3mh has way more then 300k ea day last week 
Topic: LOTTOCOIN OLD THREAD, [CLOSED] - page 209. (Read 370543 times)
You're missing two points : This coin is not some week old coin its been on since 12 Dec and since that 60m could be easily mined with one person.
No, it couldn't given the rise in diffculty, and around 90% of blocks being taken by just two pools since day one. This is a dump of the premine, and everyone can see it. It is exactly the fear that a lot of us spoke about just a few pages back. Those of us rasing these fears were accused of being trolls and negative toward the coin. In actual fact we were the ones who could see exactly what was coming when there was no volunteering of open book accounting on the premine.
The sensible thing would have been to sell blocks, all the way up the value. Instead, there is now a huge wall that has effectively set the maximum value for a long time. Given some of the amaturish comments from the team toward people here (calling them retarded), this action is hardly a surprise.
The premine is supposed to be for promotion and development. Its very clear what it is being used for now, and those calling for investment in new games and promotions should be pretty disspointed about this. There are members here (Hampuz) that have done more for this coin than any premine spending has.
Your a strange person.. so what if its a premine sell order? have you seen the sell price.. its at 2100 satoshi's if your worried about the wall we are a long way away from that.. early optimistic predictions were for 300 satoshi's your talking about something like 7 times higher..
With the way prices have been fluctuating its not hard to buy up a few million here and there... Heck i had 490K on a 400kh/s system.. and another 400k from pool mining for about 5 days. on the other hand using 40K LOT i traded it back and forth till my stake was about 150K in coinedup..
Not a chance 20 MHash was getting 10m a day on pools over the last few days. 3MHash was making about 300,000 at best for the last week, to make 20m a day would have taken about 200M Hash.
You're missing two points : This coin is not some week old coin its been on since 12 Dec and since that 60m could be easily mined with one person.
No, it couldn't given the rise in diffculty, and around 90% of blocks being taken by just two pools since day one. This is a dump of the premine, and everyone can see it. It is exactly the fear that a lot of us spoke about just a few pages back. Those of us rasing these fears were accused of being trolls and negative toward the coin. In actual fact we were the ones who could see exactly what was coming when there was no volunteering of open book accounting on the premine.
The sensible thing would have been to sell blocks, all the way up the value. Instead, there is now a huge wall that has effectively set the maximum value for a long time. Given some of the amaturish comments from the team toward people here (calling them retarded), this action is hardly a surprise.
The premine is supposed to be for promotion and development. Its very clear what it is being used for now, and those calling for investment in new games and promotions should be pretty disspointed about this. There are members here (Hampuz) that have done more for this coin than any premine spending has.
Not from the premine. I had like 10m very early on but sold them (3 days of early mining). With a good mining rig, 60m could be the result of mining from release up to now, buying @0.10BTC/M, playing Coinbomb, without a doubt
I'm not sure why the argument is even over the 60 million wall that got thrown up. There's absolutely no way to verify the premine isn't just being sold in chunks all the time since there's no transparent accounting. Even if it were sold at the current (relatively low) price of 50ish satoshi it would be worth over $100,000.
Granted, I don't think its really possible to get rid of most of it with the current buy volume but it could be ongoing. Considering how the dev team (person?) has behaved, I don't see any reason why they would turn down a few years salary for the future of a two week old alt coin.
I saw always people with 10 to 20MH/s with a daily revenue of 10 million+ coins/day on pools (at least for the past few days).
Not from the premine. I had like 10m very early on but sold them (3 days of early mining). With a good mining rig, 60m could be the result of mining from release up to now, buying @0.10BTC/M, playing Coinbomb, without a doubt
As before, there were no early miners with the necessary hashpower that early on. it was 90% pool mined from day one.
Are you suggesting that somebody 1) solo mined big from day one, 2) kept everything the mined 3) cheated on coinbomb to get the early bombs first (oh and I see you doing it again btw) 4) bought at low levels
and now they get to 60M they put the entire holding on one single order on cryptsy?
Anyone who doesn't believe this is the premine is deluded imho.
LOT at 35 satoshis 
Welp, looks like my sell order of 100 satoshis wont get filled anytime soon
You're missing two points : This coin is not some week old coin its been on since 12 Dec and since that 60m could be easily mined with one person.
No, it couldn't given the rise in diffculty, and around 90% of blocks being taken by just two pools since day one. This is a dump of the premine, and everyone can see it. It is exactly the fear that a lot of us spoke about just a few pages back. Those of us rasing these fears were accused of being trolls and negative toward the coin. In actual fact we were the ones who could see exactly what was coming when there was no volunteering of open book accounting on the premine.
The sensible thing would have been to sell blocks, all the way up the value. Instead, there is now a huge wall that has effectively set the maximum value for a long time. Given some of the amaturish comments from the team toward people here (calling them retarded), this action is hardly a surprise.
The premine is supposed to be for promotion and development. Its very clear what it is being used for now, and those calling for investment in new games and promotions should be pretty disspointed about this. There are members here (Hampuz) that have done more for this coin than any premine spending has.
Not from the premine. I had like 10m very early on but sold them (3 days of early mining). With a good mining rig, 60m could be the result of mining from release up to now, buying @0.10BTC/M, playing Coinbomb, without a doubt
You're missing two points : This coin is not some week old coin its been on since 12 Dec and since that 60m could be easily mined with one person.
No, it couldn't given the rise in diffculty, and around 90% of blocks being taken by just two pools since day one. This is a dump of the premine, and everyone can see it. It is exactly the fear that a lot of us spoke about just a few pages back. Those of us rasing these fears were accused of being trolls and negative toward the coin. In actual fact we were the ones who could see exactly what was coming when there was no volunteering of open book accounting on the premine.
The sensible thing would have been to sell blocks, all the way up the value. Instead, there is now a huge wall that has effectively set the maximum value for a long time. Given some of the amaturish comments from the team toward people here (calling them retarded), this action is hardly a surprise.
The premine is supposed to be for promotion and development. Its very clear what it is being used for now, and those calling for investment in new games and promotions should be pretty disspointed about this. There are members here (Hampuz) that have done more for this coin than any premine spending has.
LOL Oldminer...
I love the pic
Lottocoin was a great coin from the get-go. I think this coin should do well!
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
http://lot.dedicatedpool.com
I love the pic
Lottocoin was a great coin from the get-go. I think this coin should do well!
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
http://lot.dedicatedpool.com
--- >> LOT has surpassed the Volume of DOGE today.
http://www.cryptocoincharts.info/
That is Coinedup and Cryptsy combined. With LOT only on Cryptsy for 6 hours.
Soon dumpers will run out of coins. Moon.
Post needs pics
--- >> LOT has surpassed the Volume of DOGE today.
http://www.cryptocoincharts.info/
That is Coinedup and Cryptsy combined. With LOT only on Cryptsy for 6 hours.
Soon dumpers will run out of coins. Moon.
Comon BOYS,
is that all you got? 600MH/s you can do better than that... I buy all these servers so you can own the coins, lets go!
is that all you got? 600MH/s you can do better than that... I buy all these servers so you can own the coins, lets go!
Awesome guys.... we're doing well.!!
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
http://lot.dedicatedpool.com
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
http://lot.dedicatedpool.com
Seems like a great pool. 500mh/s on that pool alone!
We have an amazing following with wonderful miners I must admit. Good times all around...
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
COINBOMB LOT 2 has been reset! Follow the link in my sig to play!
Awesome guys.... we're doing well.!!
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
http://lot.dedicatedpool.com
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
http://lot.dedicatedpool.com
Seems like a great pool. 500mh/s on that pool alone!
Awesome guys.... we're doing well.!!
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
http://lot.dedicatedpool.com
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
http://lot.dedicatedpool.com
Absolutely!! Great things ahead boys!
My pool is ripping up the coin.. join up
http://LOT.DEDICATEDPOOL.COM
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
My pool is ripping up the coin.. join up
http://LOT.DEDICATEDPOOL.COM
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool
that is really an unknown.. I've seen coins gain 2 extra zeroes overnight
*One extra zero, not overnight, but over the next 48-72h. Double or triple value.
If you compare LOT's variables to DOGE's, then it definitely should happen quite soon.
33x harder to mine, 7x less coins. Right now DOGE is still worth 15x more! (If we compare their coin caps, etc.)
Plenty of services that will use LOT, games, etc. The name is a brand already.
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