the price is only doing down because the Bittrex wallets are disabled most of the time today
How do miners get their funds on bittrex then?
Topic: NA - page 462. (Read 893616 times)
the price is only doing down because the Bittrex wallets are disabled most of the time today
This. I would have tried to pick up 100k or so if I could have gotten BTC into Bittrex.
-Fuse
A lower price is actually quite good for Guldencoin, it takes the eye of dumpers and multipools away from us and we get to build further instead of saving our project from getting destroyed by cashwolves. We'll be fine. At a price of 500-600 sat I will definitely start buying again as well, for now I'm earning quite a lot of NLG through www.unco.nl as well. Since the price surge people are spending Guldencoin a lot. It's even the number one coin used on Bitsms, the website I am a part of. So, yeah, awesomesauce.
If any of you guys ever need my services, you know where to find me
If any of you guys ever need my services, you know where to find me
Buying in at 1900 was great value if you in a position to keep your coins for 2-3 years.
First spike from 461-1911. Next spike from 851-3416?
I agree, 1900 is easy catch in time again if developments go on this way. This was a healthy correction.
... if it goes under 600 I will be getting friends to buy into the coin as then I know it's at great value.
851 still the bottom on 6th of september after the spike. Also a nice price to buy
One or 2 big Dutch investors could easily buy up every single NLG (1.7 Billion coins in 40 years) at 1000 Sat without them even noticing. That would be unhealthy for the currency...
Why would said "investors" put money in something that will end up losing value due to their own actions? No sane investor would ever do something like that.
I am just saying big money hasn't even entered into the NLG market yet.
How would you know that they aren't in the NLG market yet? The way down would be an ideal situation to start buying slowly, in the process this would slow the crash to stable support levels, something we're seeing at the moment.
100%, I warned people about 2 or 3 weeks ago that the price was climbing too fast, if it goes under 600 I will be getting friends to buy into the coin as then I know it's at great value.
Buying in at 1900 was great value if you in a position to keep your coins for 2-3 years.
One or 2 big Dutch investors could easily buy up every single NLG (1.7 Billion coins in 40 years) at 1000 Sat without them even noticing. That would be unhealthy for the currency...
Why would said "investors" put money in something that will end up losing value due to their own actions? No sane investor would ever do something like that.
I am just saying big money hasn't even entered into the NLG market yet.
How would you know that they aren't in the NLG market yet? The way down would be an ideal situation to start buying slowly, in the process this would slow the crash to stable support levels, something we're seeing at the moment.
100%, I warned people about 2 or 3 weeks ago that the price was climbing too fast, if it goes under 600 I will be getting friends to buy into the coin as then I know it's at great value.
One or 2 big Dutch investors could easily buy up every single NLG (1.7 Billion coins in 40 years) at 1000 Sat without them even noticing. That would be unhealthy for the currency...
Why would said "investors" put money in something that will end up losing value due to their own actions? No sane investor would ever do something like that.
I am just saying big money hasn't even entered into the NLG market yet.
How would you know that they aren't in the NLG market yet? The way down would be an ideal situation to start buying slowly, in the process this would slow the crash to stable support levels, something we're seeing at the moment.
One or 2 big Dutch investors could easily buy up every single NLG (1.7 Billion coins in 40 years) at 1000 Sat without them even noticing. That would be unhealthy for the currency...
Why would said "investors" put money in something that will end up losing value due to their own actions? No sane investor would ever do something like that.
I am just saying big money hasn't even entered into the NLG market yet.
One or 2 big Dutch investors could easily buy up every single NLG (1.7 Billion coins in 40 years) at 1000 Sat without them even noticing. That would be unhealthy for the currency...
Why would said "investors" put money in something that will end up losing value due to their own actions? No sane investor would ever do something like that.
From now on I am only buying NLG on the weekends. Last weekend it dipped to 850 and it will do the same again this weekend. Best time to get in cheap!
Guldencoins price will slowly rise in time until the first block reward halving which is a long way away. I believe there will be half the coins mined out when this happens. At this point if user base continues to grow at the current rate and merchants joining at same pace as August when the block reward halving does occur or just before is when you will see you biggest price increase.
Over 576000 coins being produced a day could mean the price going back to 500 or even 100 if buyers dry up. For this to occur the coin devs would need to be silent for over 2 months.
Doesn't the blok reward halving mean less coins enter the market, creating more scarcity resulting in price rise?
And I don't think Dev's are willing to silence up for two months, not in coins best interest
I had a peak at the guldencoin forums and it looks far more active then the ANN. The devs are giving constant feedback on there, even in the English section.
The price can easily dip back to 500 because of a mass dump, no other reason and if you lucky you might get some bots putting in low buy orders afterwards which people could snap up.
In 4 years of mining there can only be 880 people with 1 Million coins, 1740 with 500 000 coins. How big do you expect NLG to be in 3 and half years from now should be how you determine your future growth prospects for the coin. After 4 years, the next 4 years will add 440 million coins. One or 2 big Dutch investors could easily buy up every single NLG (1.7 Billion coins in 40 years) at 1000 Sat without them even noticing. That would be unhealthy for the currency which is why POW is better then POS and why have 8 decimal places is also good.
Some good news
http://www.coindesk.com/ios-users-get-first-decentralized-bitcoin-wallet-breadwallet/
Our iOS wallet is based on that one so I have good hopes the Guldencoin iOS wallet will get in to app store.
http://www.coindesk.com/ios-users-get-first-decentralized-bitcoin-wallet-breadwallet/
Our iOS wallet is based on that one so I have good hopes the Guldencoin iOS wallet will get in to app store.
Hello Fellows,
Any NLG faucet available?
Thanks.
Any NLG faucet available?
Thanks.
Welcome Muttley.
There was a faucet in the early start, but it is not been giving attention that much to the outherworld. Maybe we can bring the faucet alive again. Thanks for asking.
You can join our forum if you will. English section there also. https://forum.guldencoin.com/index.php
Atm there is one faucet running again http://fauc.at/Index/Guldencoin.
Donations are also welcome, if there is enough the minimum pay-out will go up.
There is also discussion about an extra/new faucet in Dutch treath https://forum.guldencoin.com/index.php?topic=372.15
This is going on for weeks already. Look at the hashrate chart of GuldencoinTrader http://www.guldencointrader.nl/hashrate.php. Says enough...
When we hit higher ground this will end. Till that time, well, we see...
When we hit higher ground this will end. Till that time, well, we see...
This isn't an exploit with hashrate. In fact, if this is the exploit I think it is, you don't need a lot of hashrate to do it.
...knip...
Anyone else noticing the extremely long lag on the blockchain right now? It was like 2 hours of no updates, then all of a sudden we jumped 6 blocks. My wallet, the seeds page, and the exchanges all had the same issue.
-Fuse
EDIT- Looks like the total network hashrate halved, and the block times are coming in faster than normal. Not saying this is what it is, but I've seen this with coins being attacked with exploit attacks. I would suggest pool ops keep an eye on your pools.
EDIT- Looks like we're cracking blocks every 5 seconds. This isn't normal.
EDIT- https://explorer.guldencoin.com/#/address/Gf7wGAwJGDLfoHcNCRLKZqpk2EQU5ixA6c - our mystery wallet claiming all these blocks right now.
We're watching this closely right now..
What seems to have happened is that a jumppool/multipool mined until KGW changed the difficulty to 535 (block 116955).
After that the multipool left and the remaining miners had a hard time mining blocks.
A few hours later two blocks were mined and the difficulty dropped to 354 (block 116957). At that point the multipool started mining NLG again. Since about 2:30 hours of blocks were missing the KGW kept difficulty low so the pool could mine a lot of blocks very fast. Other miners also got some blocks, but G7f got most of them because they have a lot of hashing power.
We're now at block 117047 with diff 483. The last two blocks were not mined by the multipool, it seems they have left again.
The main problem here is the huge spike in block-time which causes delay in transactions being confirmed.
This is unacceptable and we're doing extensive research on the problem and are looking at some solutions. But don't expect anything too soon, it's important to make rational decisions and not jump too quickly in a situation like this.
People that know me know I'm the last person to make stupid panicked decisions. That being said, I think a form of Digishield, or similar, needs to be added to the roadmap ASAP. That, or you just ask the pool to stop mining NLG. Pool OPs are usually pretty respectful of coin devs. The other option is to flat out block the IP range of the pool in the wallet code, and effectively just shut them out. 12 second block times aren't normal, regardless. Especially with a difficulty of 300+.
-Fuse
Just want to add that we are taking this very seriously and the investigation into other protocols is our top prio now. It's not a matter of if we will implement but which one. And of course this will have to be planned carefully.
+100
Regarding the algo change I think the best choices are between Digishield and DGW2.
This is going on for weeks already. Look at the hashrate chart of GuldencoinTrader http://www.guldencointrader.nl/hashrate.php. Says enough...
When we hit higher ground this will end. Till that time, well, we see...
When we hit higher ground this will end. Till that time, well, we see...
This isn't an exploit with hashrate. In fact, if this is the exploit I think it is, you don't need a lot of hashrate to do it.
...knip...
Anyone else noticing the extremely long lag on the blockchain right now? It was like 2 hours of no updates, then all of a sudden we jumped 6 blocks. My wallet, the seeds page, and the exchanges all had the same issue.
-Fuse
EDIT- Looks like the total network hashrate halved, and the block times are coming in faster than normal. Not saying this is what it is, but I've seen this with coins being attacked with exploit attacks. I would suggest pool ops keep an eye on your pools.
EDIT- Looks like we're cracking blocks every 5 seconds. This isn't normal.
EDIT- https://explorer.guldencoin.com/#/address/Gf7wGAwJGDLfoHcNCRLKZqpk2EQU5ixA6c - our mystery wallet claiming all these blocks right now.
We're watching this closely right now..
What seems to have happened is that a jumppool/multipool mined until KGW changed the difficulty to 535 (block 116955).
After that the multipool left and the remaining miners had a hard time mining blocks.
A few hours later two blocks were mined and the difficulty dropped to 354 (block 116957). At that point the multipool started mining NLG again. Since about 2:30 hours of blocks were missing the KGW kept difficulty low so the pool could mine a lot of blocks very fast. Other miners also got some blocks, but G7f got most of them because they have a lot of hashing power.
We're now at block 117047 with diff 483. The last two blocks were not mined by the multipool, it seems they have left again.
The main problem here is the huge spike in block-time which causes delay in transactions being confirmed.
This is unacceptable and we're doing extensive research on the problem and are looking at some solutions. But don't expect anything too soon, it's important to make rational decisions and not jump too quickly in a situation like this.
People that know me know I'm the last person to make stupid panicked decisions. That being said, I think a form of Digishield, or similar, needs to be added to the roadmap ASAP. That, or you just ask the pool to stop mining NLG. Pool OPs are usually pretty respectful of coin devs. The other option is to flat out block the IP range of the pool in the wallet code, and effectively just shut them out. 12 second block times aren't normal, regardless. Especially with a difficulty of 300+.
-Fuse
Just want to add that we are taking this very seriously and the investigation into other protocols is our top prio now. It's not a matter of if we will implement but which one. And of course this will have to be planned carefully.
+100
Regarding the algo change I think the best choices are between Digishield and DGW2.
KWG seems to be the problem. How about removing/deactivating KWG and making the code more simple?
If completely removing the code isn't an option:
While we are calculating both values anyway. Couldn't we make the network to accept the network difficulty in all odd block numbers and the KWG difficulty in the even block numbers?
don't for get to vote guldencoin @ http://clevercoin.ideascale.com/a/dtd/Guldencoin-at-this-dutch-exchange/53184-28661
From now on I am only buying NLG on the weekends. Last weekend it dipped to 850 and it will do the same again this weekend. Best time to get in cheap!
Guldencoins price will slowly rise in time until the first block reward halving which is a long way away. I believe there will be half the coins mined out when this happens. At this point if user base continues to grow at the current rate and merchants joining at same pace as August when the block reward halving does occur or just before is when you will see you biggest price increase.
Over 576000 coins being produced a day could mean the price going back to 500 or even 100 if buyers dry up. For this to occur the coin devs would need to be silent for over 2 months.
Doesn't the blok reward halving mean less coins enter the market, creating more scarcity resulting in price rise?
And I don't think Dev's are willing to silence up for two months, not in coins best interest
... knip ...
People that know me know I'm the last person to make stupid panicked decisions. That being said, I think a form of Digishield, or similar, needs to be added to the roadmap ASAP. That, or you just ask the pool to stop mining NLG. Pool OPs are usually pretty respectful of coin devs. The other option is to flat out block the IP range of the pool in the wallet code, and effectively just shut them out. 12 second block times aren't normal, regardless. Especially with a difficulty of 300+.
-Fuse
People that know me know I'm the last person to make stupid panicked decisions. That being said, I think a form of Digishield, or similar, needs to be added to the roadmap ASAP. That, or you just ask the pool to stop mining NLG. Pool OPs are usually pretty respectful of coin devs. The other option is to flat out block the IP range of the pool in the wallet code, and effectively just shut them out. 12 second block times aren't normal, regardless. Especially with a difficulty of 300+.
-Fuse
If you have 100 GH/s, then 12 seconds at 300+ diff is a joke.
As said, we're looking into solutions (edit: yes, maybe digishield). Blocking an IP range is not on our list, it's not a solution.
If it is clevermining, maybe make a request to clevermining operator to not mine NLG like this? or at least slow down how often they hit NLG? worth a shot? pooled hashrate is up to 200 GH/s according to clevermining.com.
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