Topic: NA - page 374. (Read 893613 times)

Just to let everyone know, I am working with Buerra on these projects... coming up with the ideas and getting 3rd party developers doing the work, all Dutch and we get them invested in NLG in the process. Service updates, new projects and fun stuff coming in the near future. All profits we make from these projects are going back into developing more systems for Guldencoin. We make a little bit of profit on these projects to make sure we can keep 'm running and keep developing more features and services to benefit the entire NLG economy.

I wouldn't sell mine either. I've paid for my projects out of my own pocket too, if the business is good I'll make that back anyway without putting a strain on the NLG price . Hope to have more details soon on my launches. Lot's of bugs to be fixed before I'm comfy launching

People who have the Guldenwallet on their iPhones now can use it though. So you should be good if the issues you raised are fixed

Done

Thanx Buerra, I placed the message at the other forum.

It would be very sad when the app is not excepted. It is the only way to do the payments at subway or other commercial businesses.  

You 're right. Mining isn't profitable. And still it's very important we keep mining. I see possibilities to get close to break-even. All well known hashrentals are offering API's. It's a matter of smart hiring hashpower: at the right time for the lowest price. The right time is when the diff trends to drop below the point where Clever jumps in. The lowest hiring price doesn't need explanation. If we succeed in preventing the diff dropping to low, then we got a double-edged sword. A drop in the diff is always followed by a spike. Thus if we level out the drops, we level out the spikes. Since the dedicated miners are mining the spikes, it is easier (meaning with less power) to mine the spikes. Because Clever is mining only when it's profitable and if we mine just above that point, we can get close to break-even.

The price on Bittrex is an important variable. It determines at what diff Clever jumps in. I don't believe in price manipulation on Bittrex. Although it helps if the marketprice is low, in the long run the market trend always wins.

I'm not a programmer. Thus I need help on automating the smart hashpower buying. I figured out some game rules. I can explain that to the developer of the bot. An important variable is the difficulty level at which Clever jumps in. Fantastic if you can work on that Markanth.

strataghyst my guldencoin adress can get out of your signature

I totally agree with you price manipulation is never a good idea. I also changed my mind about banning I was never a fan but in this case especially with the solution thsminer brought up this might work out wright

I want to make three points about the idea of price manipulation to combat our problems right now:

First- price manipulation will never work properly.  There are too many variables, and too much outside influence on possible outcomes.

Second- people were opposed to IP banning a single pool because it was too "centralized", but they aren't opposed to price regulation similar to what governments do?  I'm lost in the rational behind that reasoning.

Lastly- I, and I'm damn sure a lot of other business minded NLG holders, won't sell NLG at lower prices to fund projects for NLG.  There are a ton of project ideas I have for this coin, but I'm not selling out large portions of my wallet to make them happen.  I took fiat loans from family members to fund my current project because of the low NLG and BTC trading prices.  It's bad business, but I had to do it.  The price needs to go up.  If we can let that happen naturally by eliminating the 50% daily insta-sell, I think we'd be seeing a lot more community involvement.

-Fuse

Let the devs know in this topic https://forum.guldencoin.com/index.php?topic=508.0 about your iOS-issue please. ANN stuff might get lost along the way.

Your logic of it should be accepted by Apple due to the fact they've accepted Breadwallet is one I can understand, unfortunately it does not work that way. Chances of Apple accepting Guldenwallet straight into the App Store are slim, even if the app is 100% solid and up to their standards they can deny access because it is not a Bitcoin, Litecoin or Dogecoin app (yes, they can be that illogical). Be prepared for a big fat no, if it's a yes then we have all the more joy and less disappointment

CIG - Can you expand on what you're thinking? There are lots of possibilities to keep clevermining out of mining NLG, problem is none of them are profitable. Although some techniques could help minimize an NLG miner's losses. Are you thinking about a trading bot that would monitor NLG difficulty and sell NLG when necessary to keep the bittrex price just below clevermining's profitability threshold to mine NLG?   that would be pretty ambitious considering how quickly the difficulty swings.

If you want a place where you can see for each block solved by clevermining, the difficulty of that block along with the highest bittrex NLG buy rate and quantity at the time the block was solved, that's probably easy enough to host at nlgstats.  let me know how you'd want it presented I can whip something up.  It would be interesting to try and figure out if clever compares NLG profitability strictly to LTC profitability when making a decision to mine NLG, or also the other alt-coins they are targeting.  I assume the latter.  The better we reverse engineer clevermining the better we can design an approach to minimize their impact to the coin.

Still waiting for the final iPhone app. 

The current test version v0.6 works fine, but this week I got a problem with the indicated value in Euros. value '<0,01 euro' was displayed while the wallet has a lot of NLG. Does any one know what the reason and/or solution is for this problem? Can it be fixed 

The NLG iPhone app 'Guldenwallet' should be accepted by Apple because there is also a wallet called 'bread wallet' (that works for the bitcoins) and looks exactly like the NLG wallet and is free to download from the app store as a bitcoin wallet.

What kind of anon-plans do you mean?

i'm here tonight http://www.p3purmerend.nl/memphis-maniacs 

I want to thank you for your efforts and input CIG. Really awesome.

Just played a little. I have added around 1GH hashing power to the network, preventing the diff drops below 400. That worked out fine.
Clever didn't lower the hashing power, but Clever will only jump in when the diff is low. At current price (445 @ Bittrex ATM) that diff level is around 400.

Last blocks found by Clever: https://explorer.guldencoin.com/#/address/Gf7wGAwJGDLfoHcNCRLKZqpk2EQU5ixA6c
(Explore only the received transactions)
2014-11-14 12:39:11 +0100 diff: 357
2014-11-14 12:33:27 +0100 diff: 361
2014-11-14 12:33:23 +0100 diff: 362
2014-11-14 12:07:01 +0100 diff: 366
2014-11-14 12:06:57 +0100 diff: 366
2014-11-14 12:06:44 +0100 diff: 365
2014-11-14 12:06:31 +0100 diff: 362
2014-11-14 12:06:16 +0100 diff: 365
2014-11-14 11:52:35 +0100 diff: 366
2014-11-14 11:19:19 +0100 diff: 354
2014-11-14 11:18:09 +0100 diff: 351
2014-11-14 11:13:08 +0100 diff: 345

Monitoring is time consuming. Are here some python programmers? I see possibilities to make a bot.

Never mind, hashing power already increasing..

Wow, this low hashing power of Clevermining is exceptional, never saw it this low (and it's still decreasing) before. In the last couple of days these lower prices weren't reason for Clevermining to decrease the hashing power so dramatically like they do today. Maybe they are slowly retreating after all the comments overhere 

I've been thinking about how to go up in market price when clever is low... the only thing is to add hashing power. But that isn't really sustainable without an increasing flow of money into the hashing effort.

Right, we know where it's not profitable any more.

For keeping us out the danger zone and support the price a trading range of 400-450 would ne nice, but this is up to the market.
After the algorithm change there will be room in the higher regions.

If we also add hashpower in the meantime, maybe Clevercoin loses interest...
This weekend I have a look at Betarigs again.

In the context of adding more hashpower I have another idea:

If people make donations they can rent hashing power and add this adres as worker.
In short: if people make donations by renting hashpower they support the network and donation still occurs.

If there are some people wanting to donate GuldencoinWeb this way, you're welcome ;-) GJDgmDQm7x9xJfxzbdSGGBGnhUq46Cpxty

Another good project to donate is of course: http://www.villaticca.com/nl/

Let's bring this Gulden back to the Netherlands folks!