[LTCD] LitecoinDark.com ★ Scrypt ★ Difficulty Shield ★ Multipool ★ Fast - page 162.

cjmining

hero member

Activity: 586

Merit: 500

Waiting for my coins to rise !!

Quote from: Hamuki on September 30, 2014, 04:03:10 PM

Quote from: cjmining on September 30, 2014, 03:58:10 PM

If block reward goes down, but the price rises, then miners will stay. I know i will. Been mining it since it was launched.

Factors:

1. Someone is holding around 20% of all coins.. That is BAD.
2. If this coin is going to be profitable to mine when you only get about 1 LTCD with 150MH/s+ then it the price will be insanely high, and impossible.
3. This can damage the coin a lot.

I am not trying to FUD, scam or what ever you call it.. I hold 40k coins and im gonna keep holding..
I am just scared that this might damage us :/

Totally agree. All depends on price. Only time will tell

Kimonio

newbie

Activity: 54

Merit: 0

Quote from: TrollByFire on September 30, 2014, 03:56:03 PM

This change was made due to overwhelming support for it by the community. Some will abandon it, others will finally get a chance to mine it. All in all, it will serve to decrease supply to match demand for the coin. Until payment processors are completed demand will be entirely determined by investors. Once I can slow down this insane development cycle I can focus on payment processors.

I think its a great move to limit the overall supply. However, instead of mining at a low block reward for the reasons people mentioned above (low incentive to mine due to small block rewards) you may want to consider implementing PoS sooner with a small percentage. Maybe even a dynamic interest rate model that is network dependent and capped at 2.5 percent (similar to Vericoin).

Users would then be incentivized to keep their wallet open to help secure the network.

Xircom

legendary

Activity: 938

Merit: 1000

Quote from: madmartyk on September 30, 2014, 03:56:23 PM

Quote from: Xircom on September 30, 2014, 03:50:37 PM

Quote from: madmartyk on September 30, 2014, 03:44:36 PM

Quote from: Hamuki on September 30, 2014, 03:38:48 PM

Quote from: madmartyk on September 30, 2014, 03:34:52 PM

- New block reward......32 coins.
- When? At block number 37000

Waiting to see the hash rate drop like a stone!! From 800 to 32, that's going to make lots of miners happy as hell!! Cheesy

32 coins? O_O

That makes me a little afraid :/

People might say "Fuck it im leaving" and make the coin worthless Sad

Can someone please tell me that I am wrong?
Because I hope that I am.

Right now my 160 Mh/s is netting me 40 per block at the pool, that means at 32/block I'll net .5 per block. After 37000 I'll find something to mine that will pay the electric bill!! I think you are going to screw the pooch on this move. Just my 2 LTCD worth!

Im sorry that you feel that way and we knew some miners would not be happy about this, but this is the best solution for the coin in the long run.
If you look at Dark Coin you get 5 coins pr. 24 hours with 200 M/hash X11 and network still haves around 100 G/hash. We are not that afraid that miners will leave, but some will do of cause.

It's all about the ROI, Right now I'm making .05 BTC a day with LTDC, you have many more miners with a lot more hash rate then I have. If they can't make money mining, they WILL move to the next best thing. I can still mine OCTO and make .04 BTC a day. Once the miners dry up, who is going to produce coins for the speculators hoping to make a killing?

I really like mining this coin, but in 1200 blocks time to move on. These ASICs have to pay for themselves somehow!! I wish you all well!!!

Thanks and good luck to you too

Furio

legendary

Activity: 938

Merit: 1000

BTC | LTC | XLM | VEN | ARDR

It's movin all up Grin

Hamuki

legendary

Activity: 1022

Merit: 1000

Quote from: cjmining on September 30, 2014, 03:58:10 PM

If block reward goes down, but the price rises, then miners will stay. I know i will. Been mining it since it was launched.

Factors:

1. Someone is holding around 20% of all coins.. That is BAD.
2. If this coin is going to be profitable to mine when you only get about 1 LTCD with 150MH/s+ then it the price will be insanely high, and impossible.
3. This can damage the coin a lot.

I am not trying to FUD, scam or what ever you call it.. I hold 40k coins and im gonna keep holding..
I am just scared that this might damage us :/

madmartyk

legendary

Activity: 2702

Merit: 1030

Yes I am a pirate, 300 years too late!

Quote from: cjmining on September 30, 2014, 03:58:10 PM

If block reward goes down, but the price rises, then miners will stay. I know i will. Been mining it since it was launched.

The price would have to rise to 20000 to be equal to what it is now, if the price rises the whales will dump and take the profit. It happens with Alts all the time.

cjmining

hero member

Activity: 586

Merit: 500

Waiting for my coins to rise !!

If block reward goes down, but the price rises, then miners will stay. I know i will. Been mining it since it was launched.

EmperorZurg

newbie

Activity: 26

Merit: 0

Quote from: TrollByFire on September 30, 2014, 03:56:03 PM

This change was made due to overwhelming support for it by the community. Some will abandon it, others will finally get a chance to mine it. All in all, it will serve to decrease supply to match demand for the coin. Until payment processors are completed demand will be entirely determined by investors. Once I can slow down this insane development cycle I can focus on payment processors.

You made the right choice for the future of LitecoinDark. Happy to be involved.

madmartyk

legendary

Activity: 2702

Merit: 1030

Yes I am a pirate, 300 years too late!

Quote from: Xircom on September 30, 2014, 03:50:37 PM

Quote from: madmartyk on September 30, 2014, 03:44:36 PM

Quote from: Hamuki on September 30, 2014, 03:38:48 PM

Quote from: madmartyk on September 30, 2014, 03:34:52 PM

- New block reward......32 coins.
- When? At block number 37000

Waiting to see the hash rate drop like a stone!! From 800 to 32, that's going to make lots of miners happy as hell!! Cheesy

32 coins? O_O

That makes me a little afraid :/

People might say "Fuck it im leaving" and make the coin worthless Sad

Can someone please tell me that I am wrong?
Because I hope that I am.

Right now my 160 Mh/s is netting me 40 per block at the pool, that means at 32/block I'll net .5 per block. After 37000 I'll find something to mine that will pay the electric bill!! I think you are going to screw the pooch on this move. Just my 2 LTCD worth!

Im sorry that you feel that way and we knew some miners would not be happy about this, but this is the best solution for the coin in the long run.
If you look at Dark Coin you get 5 coins pr. 24 hours with 200 M/hash X11 and network still haves around 100 G/hash. We are not that afraid that miners will leave, but some will do of cause.

It's all about the ROI, Right now I'm making .05 BTC a day with LTDC, you have many more miners with a lot more hash rate then I have. If they can't make money mining, they WILL move to the next best thing. I can still mine OCTO and make .04 BTC a day. Once the miners dry up, who is going to produce coins for the speculators hoping to make a killing?

I really like mining this coin, but in 1200 blocks time to move on. These ASICs have to pay for themselves somehow!! I wish you all well!!!

TrollByFire

full member

Activity: 168

Merit: 100

This change was made due to overwhelming support for it by the community. Some will abandon it, others will finally get a chance to mine it. All in all, it will serve to decrease supply to match demand for the coin. Until payment processors are completed demand will be entirely determined by investors. Once I can slow down this insane development cycle I can focus on payment processors.

Hamuki

legendary

Activity: 1022

Merit: 1000

Quote from: Xircom on September 30, 2014, 03:50:37 PM

Quote from: madmartyk on September 30, 2014, 03:44:36 PM

Quote from: Hamuki on September 30, 2014, 03:38:48 PM

Quote from: madmartyk on September 30, 2014, 03:34:52 PM

- New block reward......32 coins.
- When? At block number 37000

Waiting to see the hash rate drop like a stone!! From 800 to 32, that's going to make lots of miners happy as hell!! Cheesy

32 coins? O_O

That makes me a little afraid :/

People might say "Fuck it im leaving" and make the coin worthless Sad

Can someone please tell me that I am wrong?
Because I hope that I am.

Right now my 160 Mh/s is netting me 40 per block at the pool, that means at 32/block I'll net .5 per block. After 37000 I'll find something to mine that will pay the electric bill!! I think you are going to screw the pooch on this move. Just my 2 LTCD worth!

Im sorry that you feel that way and we knew some miners would not be happy about this, but this is the best solution for the coin in the long run.
If you look at Dark Coin you get 5 coins pr. 24 hours with 200 M/hash X11 and network still haves around 100 G/hash. We are not that afraid that miners will leave, but some will do of cause.

Xircom, I know the idea of this..

But it can become dangerous to the coin :/
And did Darkcoin do the same like you guys are making the coin do now?

From 800 or something high to 32 or something low?

Xircom

legendary

Activity: 938

Merit: 1000

Quote from: madmartyk on September 30, 2014, 03:44:36 PM

Quote from: Hamuki on September 30, 2014, 03:38:48 PM

Quote from: madmartyk on September 30, 2014, 03:34:52 PM

- New block reward......32 coins.
- When? At block number 37000

Waiting to see the hash rate drop like a stone!! From 800 to 32, that's going to make lots of miners happy as hell!! Cheesy

32 coins? O_O

That makes me a little afraid :/

People might say "Fuck it im leaving" and make the coin worthless Sad

Can someone please tell me that I am wrong?
Because I hope that I am.

Right now my 160 Mh/s is netting me 40 per block at the pool, that means at 32/block I'll net .5 per block. After 37000 I'll find something to mine that will pay the electric bill!! I think you are going to screw the pooch on this move. Just my 2 LTCD worth!

Im sorry that you feel that way and we knew some miners would not be happy about this, but this is the best solution for the coin in the long run.
If you look at Dark Coin you get 5 coins pr. 24 hours with 200 M/hash X11 and network still haves around 100 G/hash. We are not that afraid that miners will leave, but some will do of cause.

madmartyk

legendary

Activity: 2702

Merit: 1030

Yes I am a pirate, 300 years too late!

Quote from: hrshak462 on September 30, 2014, 03:48:10 PM

but if the price rises... Roll Eyes

That's a big IF!!!

Hamuki

legendary

Activity: 1022

Merit: 1000

Quote from: hrshak462 on September 30, 2014, 03:48:10 PM

but if the price rises... Roll Eyes

This can go both ways..

It can make the coin worth a lot more.. Or it can make the coin worth nothing because everyone is going to abandon it.

hrshak462

full member

Activity: 193

Merit: 100

but if the price rises... Roll Eyes

madmartyk

legendary

Activity: 2702

Merit: 1030

Yes I am a pirate, 300 years too late!

Quote from: Hamuki on September 30, 2014, 03:38:48 PM

Quote from: madmartyk on September 30, 2014, 03:34:52 PM

- New block reward......32 coins.
- When? At block number 37000

Waiting to see the hash rate drop like a stone!! From 800 to 32, that's going to make lots of miners happy as hell!! Cheesy

32 coins? O_O

That makes me a little afraid :/

People might say "Fuck it im leaving" and make the coin worthless Sad

Can someone please tell me that I am wrong?
Because I hope that I am.

Right now my 160 Mh/s is netting me 40 per block at the pool, that means at 32/block I'll net .5 per block. After 37000 I'll find something to mine that will pay the electric bill!! I think you are going to screw the pooch on this move. Just my 2 LTCD worth!

jahl

sr. member

Activity: 448

Merit: 250

Quote from: TrollByFire on September 30, 2014, 03:40:15 PM

Quote from: jahl on September 30, 2014, 03:36:45 PM

hmm i've installed the new wallet and it shows the new logo.
but when i click 'about litecoindark' it still says its 1.1.pre something.
did i overlook something or was it overlooked?

It wasn't overlooked, but due to the immense amount of time it takes to build and run tests for all versions, I compiled the build just before I tagged it in git. Updated versions will have the correct version on the about page. As long as you see the new logo, you're on the correct version.

thanks for the reply !
then i am happy to report that the new wallet works like a charm, good job

TrollByFire

full member

Activity: 168

Merit: 100

Quote from: jahl on September 30, 2014, 03:36:45 PM

hmm i've installed the new wallet and it shows the new logo.
but when i click 'about litecoindark' it still says its 1.1.pre something.
did i overlook something or was it overlooked?

It wasn't overlooked, but due to the immense amount of time it takes to build and run tests for all versions, I compiled the build just before I tagged it in git. Updated versions will have the correct version on the about page. As long as you see the new logo, you're on the correct version.

Hamuki

legendary

Activity: 1022

Merit: 1000

Quote from: madmartyk on September 30, 2014, 03:34:52 PM

- New block reward......32 coins.
- When? At block number 37000

Waiting to see the hash rate drop like a stone!! From 800 to 32, that's going to make lots of miners happy as hell!! Cheesy

32 coins? O_O

That makes me a little afraid :/

People might say "Fuck it im leaving" and make the coin worthless Sad

Can someone please tell me that I am wrong?
Because I hope that I am.

jahl

sr. member

Activity: 448

Merit: 250

Quote from: Xircom on September 30, 2014, 03:34:25 PM

Quote from: jahl on September 30, 2014, 03:20:53 PM

i just want to point out that when i said it was a bald statement, i did not mean it in a bad way.
Just a promise that will make you guys look even more awesome when you pull this off

does this wallet let you stake or am i too early?

no pressure just exited!

Wait an see in the future, wont tell yes or no, we need something left in the goodie bag Wink

fair enough man, sorry to keep whining about it, but its just another way to make more LTCD!

Topic: [LTCD] LitecoinDark.com ★ Scrypt ★ Difficulty Shield ★ Multipool ★ Fast - page 162. (Read 368565 times)