Author

Topic: NA - page 147. (Read 893616 times)

legendary
Activity: 924
Merit: 1000
August 17, 2015, 09:10:56 AM
I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.

Nice comparison. Wonder how that works out  Cool

Looks like it's heading for around 10-15% of the total blocks found after 24hrs.

You mean the 500 MHs is heading towards 10-15% of total blocks, or your rental of 340 MHs?

The 500 in total on the pool, yesterday the pool was running at around 560 and today around 430 MH, so other hash dropped off but it will average out to 500MH overall. It hasn't really had that much positive effect on total daily block count but it did have a positive effect on the amount that was discovered by hardcore miners which was to be expected.
It would require around 1.5 - 2 GH/s constant hash on the network to increase block counts and to normalize the frequency of block intervals. I am 89% through the rental at this stage.

After the reward change I expect 500 MH to have a large impact on block counts and intervals unless profit switching pools are running on desperation. Wink

Shouldn't your percentage be higher then?
If I take the charts from http://guldencointrader.nl/hashrate.php , it averages above 2 Ghs. So shouldn't 500 MHs of that be accountable for roughly like around 20% of total blocks?

Regarding the wishfull constant hash on the network, you know what I have in store for that. Should the community be able to come together to kickstart that one off, we could be well on it's way laying the first pillar in achieving that goal  Wink

Hi George,

I have to agree, the reset gives the community a chance to get into mining after the reset and build up while value builds up. I mean to get into the same situation we have now with Multi pools the price would need to be around 2500 and it will be awhile before that happens. When it does, if we have 2 GH/s constant hash for the long term it will be really good. It will force miners who want NLG to mine directly on our community pools and everyone wins.
legendary
Activity: 924
Merit: 1000
August 17, 2015, 08:25:16 AM
I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.

very cool investigation.  if you don't mind sharing, it would be interesting to know once complete: 1) btc cost of mining session 2) total NLG obtained from mining session.  thanks Smiley



On the cost side it was 0.1207 btc for 24 hours, I made 31039 NLG. That is a market price of 390 sat to break even, for a rental I wasn't expecting such good returns. The pool itself managed 44 blocks in 24 hrs , roughly 13.06%.
legendary
Activity: 952
Merit: 1000
August 17, 2015, 07:53:29 AM
For new visitors, repost:

You can pay online very easy now everywhere where bitcoin and/or guldencoin is accepted! See the second part of the video below for examples of this easy payment process. (english subtitles)
Guldencoin's Nocks Nimble integrates Nocks into your browser. Nimble makes online shopping and payment go fully automatic with just a few mouseclicks.

Add-on for Mozilla Firefox: in maintaince
Add-on for Google Chrome: https://chrome.google.com/webstore/detail/nocks-nimble/kpgdkkdpfcgpfkooaejaogabppdmpple

In this video below it is shown to you how to install the browser extension and in the second part there are two examples given on how you can pay very easy to any bitcoin or guldencoin address given on internet or do online shopping very easy. More to come from Nocks/Guldencoin 20th of august, as it is planned. Website: https://nocks.nl



Just ordered online a calzone pizza with Guldencoin at dutch takeaway.com (Thuisbezorgd.nl) with Guldencoin browser add-on Nimble  Smiley So easy  now Cool

(You can do it also with this browserplugin worldwide where Guldencoin and/or Bitcoin is accepted)




-------------------------------------------------------------------------------

You can download the new Guldencoinwallet (with codebase 0.10 and 0.11 bitcoin) here:

New Wallets for code base 0.10 including most of the 0.11 commits are officially launched!



Latest version: v1.5.0.0 (11-08-2015)
Source: https://github.com/nlgcoin/Guldencoin

     

sr. member
Activity: 275
Merit: 250
August 17, 2015, 06:24:13 AM
It would be interesting to see what sort of package prices some of the scrypt manufacturers may be willing to offer directly.
sr. member
Activity: 332
Merit: 250
August 17, 2015, 06:03:31 AM
I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.

Nice comparison. Wonder how that works out  Cool

Looks like it's heading for around 10-15% of the total blocks found after 24hrs.

You mean the 500 MHs is heading towards 10-15% of total blocks, or your rental of 340 MHs?

The 500 in total on the pool, yesterday the pool was running at around 560 and today around 430 MH, so other hash dropped off but it will average out to 500MH overall. It hasn't really had that much positive effect on total daily block count but it did have a positive effect on the amount that was discovered by hardcore miners which was to be expected.
It would require around 1.5 - 2 GH/s constant hash on the network to increase block counts and to normalize the frequency of block intervals. I am 89% through the rental at this stage.

After the reward change I expect 500 MH to have a large impact on block counts and intervals unless profit switching pools are running on desperation. Wink

Shouldn't your percentage be higher then?
If I take the charts from http://guldencointrader.nl/hashrate.php , it averages above 2 Ghs. So shouldn't 500 MHs of that be accountable for roughly like around 20% of total blocks?

Regarding the wishfull constant hash on the network, you know what I have in store for that. Should the community be able to come together to kickstart that one off, we could be well on it's way laying the first pillar in achieving that goal  Wink
sr. member
Activity: 332
Merit: 250
August 17, 2015, 05:48:34 AM
under 10 000 blocks and Potcoin moves from scrypt to POS.A lot of coins halving including litecoin and if the price does not increase I expect cheap miners to become available in September and October. This leads me to think that with the reward change will there be a lot of drop in hash rate on guldencoin when the scrypt coin list is in decline? Multi pools are running out of options.

http://cryptocoinstats.com/supplytracker.php?s=tt

My experience with the price of miners, at least with rentals, is that a bigger percentage of that is more under the influence regarding the price of the Bitcoin, and a lesser percentage under the influence of the Scrypt market.
Though, it would always be nice off course, when prices of miners should be dropping a bit.

There is an expectation to some degree, that there will be a drop in the hash for Guldencoin once the rewards change goes into effect.

Non the less, the reward change could create a unique opportunity for both the community and long-term traders/collectors/bagholders, to build up dedicated mining capabilities. I already have such a system ready to make this work; endless dedicated hash capabilities, with endless mining revenues for those involved.
If users would see the potential and be able to come together to kickstart this thing off, and then keep building up afterwards, the rewards (both in terms as what it would yield for it's participants, and how it would benefit to keep the blockchain going) from the total network hash could be shifting more towards the beneficial of Guldencoin and it's (dedicated) participants, and become lesser beneficial for jumping pools.

Personally, I expect the hash to make a drop, but not that much. It would be nice if jumping pools would lay low for a while regarding Guldencoin, but eventually they will come back.
legendary
Activity: 924
Merit: 1000
August 17, 2015, 05:21:37 AM
I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.

Nice comparison. Wonder how that works out  Cool

Looks like it's heading for around 10-15% of the total blocks found after 24hrs.

You mean the 500 MHs is heading towards 10-15% of total blocks, or your rental of 340 MHs?

The 500 in total on the pool, yesterday the pool was running at around 560 and today around 430 MH, so other hash dropped off but it will average out to 500MH overall. It hasn't really had that much positive effect on total daily block count but it did have a positive effect on the amount that was discovered by hardcore miners which was to be expected.
It would require around 1.5 - 2 GH/s constant hash on the network to increase block counts and to normalize the frequency of block intervals. I am 89% through the rental at this stage.

After the reward change I expect 500 MH to have a large impact on block counts and intervals unless profit switching pools are running on desperation. Wink
sr. member
Activity: 332
Merit: 250
August 17, 2015, 04:57:29 AM
I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.

Nice comparison. Wonder how that works out  Cool

Looks like it's heading for around 10-15% of the total blocks found after 24hrs.

You mean the 500 MHs is heading towards 10-15% of total blocks, or your rental of 340 MHs?
hero member
Activity: 502
Merit: 500
August 17, 2015, 03:17:01 AM
under 10 000 blocks and Potcoin moves from scrypt to POS.A lot of coins halving including litecoin and if the price does not increase I expect cheap miners to become available in September and October. This leads me to think that with the reward change will there be a lot of drop in hash rate on guldencoin when the scrypt coin list is in decline? Multi pools are running out of options.

http://cryptocoinstats.com/supplytracker.php?s=tt
full member
Activity: 138
Merit: 100
August 16, 2015, 09:05:44 PM
I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.

very cool investigation.  if you don't mind sharing, it would be interesting to know once complete: 1) btc cost of mining session 2) total NLG obtained from mining session.  thanks Smiley

legendary
Activity: 924
Merit: 1000
August 16, 2015, 03:19:42 PM
I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.

Nice comparison. Wonder how that works out  Cool

Looks like it's heading for around 10-15% of the total blocks found after 24hrs.
hero member
Activity: 638
Merit: 500
August 16, 2015, 02:17:51 PM
I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.

Nice comparison. Wonder how that works out  Cool
hero member
Activity: 638
Merit: 500
August 16, 2015, 12:55:35 PM
Daily Guldencoin volume charts - T E S T I N G  Grin

No historical data so we start with a clean graph. Will show public one of these days...

small preview - more will follow coming days

http://guldencoinweb.nl/trade-volume.php

--

Graph will show 24 hour volume @ bittrex, litebit and bleutrade.
Every day shows volume of that day, only last (current) day show last 24 hour till 0:00  Wink

Horizontal shows date and verticle Euro.



Great stuff! I've been wanting a proper metric of this for ages, can't understand why places like coinmarketcap don't show volume over time, to me volume is a million times more important than the present price.

Nice work Jero!  FYI - coinmarketcap does track and display hourly 24 hour volume data in USD all the way back to coin creation.    http://coinmarketcap.com/currencies/guldencoin/#charts   Don't know how accurate it is but better than nothing.  Would be nice if coinmarketcap made that data available via some kind of xml/json interface..  or maybe it could somehow be extracted from the chart..



Hi Markanth,

Data is at coinmarketcap indeed. Didn't know. Now we have two places ;-) I will have a look if I can extract the data from their website.
member
Activity: 84
Merit: 10
August 16, 2015, 10:05:53 AM
Great job on the marketing! wow!  agree Guldencoin should be focused on the Dutch first.

looking at the litebit json api.. https://www.litebit.eu/requests/jsonp.php?call=nlg

{"market":"nlg","currency":"EUR","supply":26572079,"buy":"0.00074710","sell":"0.00059912","volume":"170,296.33596069","last":"0.00074710"}

does that mean litebit has 26 million NLG??  is that right? Only 11 million NLG for sale at bittrex.. so litebit holds that many NLG in reserve? 


This is litebit's payout address: https://explorer.guldencoin.com/#/address/GZxv6W747MWN2X2vBJJwDxdSd2NdFSrumu

As far as I can see they buy directly from Bittrex and don't hold any NLG.



yeah.. so it's probably safe to assume that 26 million NLG supply number in the litebit api isn't real?..   

24houralttrade - in your workings with litebit can you ask about that?
I'm sure they dont have 26 mill Wink
Just asked Kenny to respond overhere but he is on vacation, i can confirm they do not have 26mill nlg.  Offcourse they hold some coins so they can send the buyer his NLG as fast as possible.


The 26 mill nlg stands for the amount of nlg currently available on the market, the exchanges.
That is probably why they have a cap on the amount that you can buy from them.  (140.000 nlg)
Because they take the coins of an exchange and after the buy the price of NLG might change.
That is my guess.
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
August 16, 2015, 09:42:56 AM
Great job on the marketing! wow!  agree Guldencoin should be focused on the Dutch first.

looking at the litebit json api.. https://www.litebit.eu/requests/jsonp.php?call=nlg

{"market":"nlg","currency":"EUR","supply":26572079,"buy":"0.00074710","sell":"0.00059912","volume":"170,296.33596069","last":"0.00074710"}

does that mean litebit has 26 million NLG??  is that right? Only 11 million NLG for sale at bittrex.. so litebit holds that many NLG in reserve? 


This is litebit's payout address: https://explorer.guldencoin.com/#/address/GZxv6W747MWN2X2vBJJwDxdSd2NdFSrumu

As far as I can see they buy directly from Bittrex and don't hold any NLG.



yeah.. so it's probably safe to assume that 26 million NLG supply number in the litebit api isn't real?..   

24houralttrade - in your workings with litebit can you ask about that?
I'm sure they dont have 26 mill Wink
Just asked Kenny to respond overhere but he is on vacation, i can confirm they do not have 26mill nlg.  Offcourse they hold some coins so they can send the buyer his NLG as fast as possible.
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
August 16, 2015, 08:30:34 AM
Great job on the marketing! wow!  agree Guldencoin should be focused on the Dutch first.

looking at the litebit json api.. https://www.litebit.eu/requests/jsonp.php?call=nlg

{"market":"nlg","currency":"EUR","supply":26572079,"buy":"0.00074710","sell":"0.00059912","volume":"170,296.33596069","last":"0.00074710"}

does that mean litebit has 26 million NLG??  is that right? Only 11 million NLG for sale at bittrex.. so litebit holds that many NLG in reserve? 


This is litebit's payout address: https://explorer.guldencoin.com/#/address/GZxv6W747MWN2X2vBJJwDxdSd2NdFSrumu

As far as I can see they buy directly from Bittrex and don't hold any NLG.



yeah.. so it's probably safe to assume that 26 million NLG supply number in the litebit api isn't real?..   

24houralttrade - in your workings with litebit can you ask about that?
I'm sure they dont have 26 mill Wink
sr. member
Activity: 246
Merit: 250
August 16, 2015, 07:33:52 AM

This is litebit's payout address: https://explorer.guldencoin.com/#/address/GZxv6W747MWN2X2vBJJwDxdSd2NdFSrumu

As far as I can see they buy directly from Bittrex and don't hold any NLG.



yeah.. so it's probably safe to assume that 26 million NLG supply number in the litebit api isn't real?..   


Check this response of Kenny, employee of Litebit: https://bitcointalk.org/index.php?topic=554412.msg9847870;topicseen#msg9847870

Specially this line:

"Stel: u bestelt 100 NLG, dan kopen wij 100 NLG op de Bittrex exchange en deze 100 NLG word naar GZxv6W747MWN2X2vBJJwDxdSd2NdFSrumu"

They indeed buy every Litebit order on Bittrex.

legendary
Activity: 924
Merit: 1000
August 16, 2015, 07:20:44 AM
I have rented 340 MH over the next 24hrs and pointed it at hardcore miners where another 220MH exists. Just to see the effect of 500 MH over 24 hrs on one pool compared to when we switch over.
full member
Activity: 138
Merit: 100
August 16, 2015, 07:16:25 AM
Great job on the marketing! wow!  agree Guldencoin should be focused on the Dutch first.

looking at the litebit json api.. https://www.litebit.eu/requests/jsonp.php?call=nlg

{"market":"nlg","currency":"EUR","supply":26572079,"buy":"0.00074710","sell":"0.00059912","volume":"170,296.33596069","last":"0.00074710"}

does that mean litebit has 26 million NLG??  is that right? Only 11 million NLG for sale at bittrex.. so litebit holds that many NLG in reserve? 


This is litebit's payout address: https://explorer.guldencoin.com/#/address/GZxv6W747MWN2X2vBJJwDxdSd2NdFSrumu

As far as I can see they buy directly from Bittrex and don't hold any NLG.



yeah.. so it's probably safe to assume that 26 million NLG supply number in the litebit api isn't real?..   

24houralttrade - in your workings with litebit can you ask about that?
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