Topic: LOTTOCOIN OLD THREAD, [CLOSED] - page 279. (Read 370543 times)
Who are all the people dumping Lotto on coinedup? Prices have been falling all day!
Devianttwo, Is that issue the patch was for happening again? Been on the same block for 45 minutes.
***EDIT THIS OUT***
I had a broken cronjob OOPS! Fixed now! I didn't relize it hasn't worked in 2 HOURS!
ALSO AS A NOTE http://lot.hackshardgaming.net now has webchat on the bottom of the page!! if it doesn't show up go to http://lot.hackshardgaming.net/index.html
Pool operators might want to consider giving a bounty to whoever in their pool scores the Superblocks.. such as 150k-200k for the 1M block and 50k-100k for the rest.
That way it becomes more interesting for the miners.
Is it possible to allot 20% of superblock winnings towards the one who found it?
That way it becomes more interesting for the miners.
Is it possible to allot 20% of superblock winnings towards the one who found it?
I like this idea. It keeps the excitement of finding the huge lotto blocks even for people in very large pools. I don't know about the exact percent, but I think it's a good idea.
Premine will always limit its pottential imho.
Really? I was mining this launch day. Sold about 4m myself. But yes, 2BTC per M is deluded imho. Its being dumped because people can cash in at high prices now, for something that will ultimately go the way of DOGE, but much quicker imho.
Obviously, the earlier you mine, the more you get. Mining on launch day with any reputable coin would generate high amounts of profit.
Now, I edited a post (check two posts earlier) in which I compare the coin cap of DOGE and LOT.
I proposed a hypothetical example in which DOGE has the same coin cap as LOT. (100B vs 18B)
At current rates, DOGE is 15x times more profitable than LOT.
It's safe to say DOGE is (quite obviously) over-inflated.
But still, should LOT double or even triple its value, it should still remain in DOGE's shadow.
Therefore it's not a crazy assumption to say it could reach at least 1BTC/M. (7x less coins, 33x harder to mine)
Pool operators might want to consider giving a bounty to whoever in their pool scores the Superblocks.. such as 150k-200k for the 1M block and 50k-100k for the rest.
That way it becomes more interesting for the miners.
Is it possible to allot 20% of superblock winnings towards the one who found it?
That way it becomes more interesting for the miners.
Is it possible to allot 20% of superblock winnings towards the one who found it?
Not at all. I sold 1M doge @ 0.1BTC in the early days. Little did I know. Would you call me deluded if I thought it would hit 2BTC/M?
0.11M/BTC is an early rate. This was going on before any kind of good news..
Now the coin is going on Cryptsy. Difficulty is shooting up. It's going to hit other exchanges. I think you're simply late. You're the only one to blame.
BTW I didn't say 10BTC/M. I said 1BTC/M.
Really? I was mining this launch day. Sold about 4m myself. But yes, 2BTC per M is deluded imho. Its being dumped because people can cash in at high prices now, for something that will ultimately go the way of DOGE, but much quicker imho.
Surely "accurate" price is set by the sellers.
There has been trades done privately on here for 0.11 per M LOT. I honestly think that at 0.45 per M, people are right to dump. There have been hundreds of millions of these mined in the early weeks, if people think it's then going to hit an exchange for 10btc per million, they are deluded.
That would make mining with 4 7970's return about $6,000 a day. That's taking the early mining rates of about 1M LOT per day with a rig like that and today's BTC price.
If I had my 4m to sell again, I'd be dumping as fast as I could at .45 per Million LOT.
There has been trades done privately on here for 0.11 per M LOT. I honestly think that at 0.45 per M, people are right to dump. There have been hundreds of millions of these mined in the early weeks, if people think it's then going to hit an exchange for 10btc per million, they are deluded.
That would make mining with 4 7970's return about $6,000 a day. That's taking the early mining rates of about 1M LOT per day with a rig like that and today's BTC price.
If I had my 4m to sell again, I'd be dumping as fast as I could at .45 per Million LOT.
The price is never based on what people who mined the first few hours could have gotten. People who got in on the first hour or so of Doge with good rigs earned an absurd amount of money. Prices are dirt cheap the first week or so because nobody knows if it's even going to hit an exchange and they could very well be wasting electricity for worthless coins. Now that it's already on an exchange (and sure to hit a bigger one shortly) the price has gone up. The difficulty has also gone up 400%+ today and it's going to keep skyrocketing as long as it's profitable which tends to boost the price as well.
it's not the difficulty that make the price, nor the number of total coin, it is just the request of the people
Surely "accurate" price is set by the sellers.
There has been trades done privately on here for 0.11 per M LOT. I honestly think that at 0.45 per M, people are right to dump. There have been hundreds of millions of these mined in the early weeks, if people think it's then going to hit an exchange for 10btc per million, they are deluded.
That would make mining with 4 7970's return about $6,000 a day. That's taking the early mining rates of about 1M LOT per day with a rig like that and today's BTC price.
If I had my 4m to sell again, I'd be dumping as fast as I could at .45 per Million LOT.
There has been trades done privately on here for 0.11 per M LOT. I honestly think that at 0.45 per M, people are right to dump. There have been hundreds of millions of these mined in the early weeks, if people think it's then going to hit an exchange for 10btc per million, they are deluded.
That would make mining with 4 7970's return about $6,000 a day. That's taking the early mining rates of about 1M LOT per day with a rig like that and today's BTC price.
If I had my 4m to sell again, I'd be dumping as fast as I could at .45 per Million LOT.
Not at all. I sold 1M doge @ 0.1BTC in the early days. Little did I know. Would you call me deluded if I thought it would hit 2BTC/M?
0.11M/BTC is an early rate. This was going on before any kind of good news..
Now the coin is going on Cryptsy. Difficulty is shooting up. It's going to hit other exchanges. I think you're simply late. You're the only one to blame.
Be careful. I said 1BTC/M in the next few hours. Certainly not 10BTC/M. That's absurd.
Devianttwo, Is that issue the patch was for happening again? Been on the same block for 45 minutes.
If anything, the coin should be worth at least as much as DOGE, in terms of Coin per BTC.
Yet it is 33x times harder to mine (~30K/block vs 1M/block).
Right now it's not even worth half of DOGE (in terms of Coin/BTC), and DOGE are fairly more abundant (100B max coins).
Current trading rate doesn't make any rational sense.
Sellers, stop dumping.
Yet it is 33x times harder to mine (~30K/block vs 1M/block).
Right now it's not even worth half of DOGE (in terms of Coin/BTC), and DOGE are fairly more abundant (100B max coins).
Current trading rate doesn't make any rational sense.
Sellers, stop dumping.
Your right about current trading not being rational. But when has any new market been rational.
There is no point comparing it to DOGE. For the simple reason that LOT never went to the extremes of DOGE to hype it up..
We have had 1 giveaway.. and we market it as fun to mine.. so traders are going to be a little unaware of its potential. They are going for the age old system of buy low-sell high and the market is moving with it.
If you truly do expect prices to shoot to the levels you state.. LOT needs to be a hell of a lot more proactive in its brand awareness. Otherwise, it will be relegated to the section "Great Coins You've Never Heard Off".. 65-100 seems to be a somewhat realistic level for our coin at its current awareness level.
problem with http://www.lottocoin.org, can someone share me link to download wallet?
Heres a mirror for the wallethttps://mega.co.nz/#!8B8kXTJS!fhFjO29VTbyIt-d6yzKdHxnRNOE3LyC0p52sn5dnGyg
Looks like the site is getting ddosed
thanks you!
Surely "accurate" price is set by the sellers.
There has been trades done privately on here for 0.11 per M LOT. I honestly think that at 0.45 per M, people are right to dump. There have been hundreds of millions of these mined in the early weeks, if people think it's then going to hit an exchange for 10btc per million, they are deluded.
That would make mining with 4 7970's return about $6,000 a day. That's taking the early mining rates of about 1M LOT per day with a rig like that and today's BTC price.
If I had my 4m to sell again, I'd be dumping as fast as I could at .45 per Million LOT.
There has been trades done privately on here for 0.11 per M LOT. I honestly think that at 0.45 per M, people are right to dump. There have been hundreds of millions of these mined in the early weeks, if people think it's then going to hit an exchange for 10btc per million, they are deluded.
That would make mining with 4 7970's return about $6,000 a day. That's taking the early mining rates of about 1M LOT per day with a rig like that and today's BTC price.
If I had my 4m to sell again, I'd be dumping as fast as I could at .45 per Million LOT.
Quote
That's bad luck! Another reason why the coin is called LottoCoin!
I normally pool at hackshard but switched to lot.no-ip.biz because hackshard was down recently. Something isn't right with no-ip because even though the pool has 35MH/s, the rate at blocks found seems A LOT slower than hackshard even though hackshard is only 15MH/s more. I've used no-ip before without issue so maybe it's just a recent problem they are having.
that is due to the glitched lottocoind daemon for linux. a few pools including myself have it patched. Http://lot.hackshardgaming.net running strong again. pretty fast blocks considering our pool to net rate.
Ahhh that explains it. I wish I knew that instead of wasting the last 6 hours mining there. I've always had good experience with hackshard so I am back there now hopefully for good.
Thanks!
And on a side note.
FEES ON lot.hackshardgaming.net LOWERED TO 2%! droped off the .5%
Now if you only had it open for registration...
EDIT:
or site was online
Are you experiencing DDOS or just to much traffic?
Well thats odd. No we are not getting ddos'd at all. No Idea how Registration was disabled though..
REGISTRATION NOW OPEN! http://lot.hackshardgaming.net
If anything, the coin should be worth at least as much as DOGE, in terms of Coin per BTC.
Yet it is 33x times harder to mine (~30K/block vs 1M/block).
There are 7x times less total coins. (18B LOT vs 100B DOGE)
Right now it's not even worth half of DOGE (in terms of Coin/BTC), and there are 7x times as much DOGE total than LOT total (100B vs 18B)
Current trading rate doesn't make any rational sense.
Sellers, stop dumping.
Yet it is 33x times harder to mine (~30K/block vs 1M/block).
There are 7x times less total coins. (18B LOT vs 100B DOGE)
Right now it's not even worth half of DOGE (in terms of Coin/BTC), and there are 7x times as much DOGE total than LOT total (100B vs 18B)
Current trading rate doesn't make any rational sense.
Sellers, stop dumping.
Fokin dumpers
I need 1 BTC for my 1M LOT and will by a new gpu CoinedUp is just too small the handle the kind of volume this coin needs. There's like 3 BTC total of buy depth and very little activity. Coins-e and/or cryptsy will definitely pick it up soon and we'll see a much more accurate price.
Have been mining Lottocoin for about 12 hours now, so far 50,000 coins 
Now that it's been added on Coinedup, I'm confident the price will rise (and it seems harder to mine than DOGE, that shoudl help).
Now that it's been added on Coinedup, I'm confident the price will rise (and it seems harder to mine than DOGE, that shoudl help).
If anything, the coin should be worth at least as much as DOGE, in terms of Coin per BTC.
Yet it is 33x times harder to mine (~30K/block vs 1M/block).
There are 7x times less total coins. (18B LOT vs 100B DOGE)
Right now it's not even worth half of DOGE (in terms of Coin/BTC), and there are 7x times as much DOGE total than LOT total (100B vs 18B)
Current trading rate doesn't make any rational sense.
Sellers, stop dumping.
Yet it is 33x times harder to mine (~30K/block vs 1M/block).
There are 7x times less total coins. (18B LOT vs 100B DOGE)
Right now it's not even worth half of DOGE (in terms of Coin/BTC), and there are 7x times as much DOGE total than LOT total (100B vs 18B)
Current trading rate doesn't make any rational sense.
Sellers, stop dumping.
Fokin dumpers
I need 1 BTC for my 1M LOT and will by a new gpu 
problem with http://www.lottocoin.org, can someone share me link to download wallet?
Heres a mirror for the wallethttps://mega.co.nz/#!8B8kXTJS!fhFjO29VTbyIt-d6yzKdHxnRNOE3LyC0p52sn5dnGyg
Looks like the site is getting ddosed
Wouldn't surprise me. The pools have been ddosed for a week now. Thanks for mirroring it for everyone.
Theres clearly a lot of greedy people trying to keep difficulty down
If anything, the coin should be worth at least as much as DOGE, in terms of Coin per BTC.
Yet it is 33x times harder to mine (~30K/block vs 1M/block).
There are 7x times less total coins. (18B LOT vs 100B DOGE)
If DOGE had the same coin cap as LOT (18B as opposed to 100B), each dogecoin would be worth 7 times more, right?
At the current trading rates of DOGE (time of posting), in comparison to LOT, we can compute:
- 5.18BTC/M for DOGE (if cap = 18B)
- 0.35BTC/M for LOT
-> DOGE is 15x more profitable than DOGE, all variables involved.
Therefore, I don't think it's crazy to assume that LOT could double or even triple its value over time.
Sellers, stop dumping.
Yet it is 33x times harder to mine (~30K/block vs 1M/block).
There are 7x times less total coins. (18B LOT vs 100B DOGE)
If DOGE had the same coin cap as LOT (18B as opposed to 100B), each dogecoin would be worth 7 times more, right?
At the current trading rates of DOGE (time of posting), in comparison to LOT, we can compute:
- 5.18BTC/M for DOGE (if cap = 18B)
- 0.35BTC/M for LOT
-> DOGE is 15x more profitable than DOGE, all variables involved.
Therefore, I don't think it's crazy to assume that LOT could double or even triple its value over time.
Sellers, stop dumping.
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