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Topic: NA - page 599. (Read 893616 times)

sr. member
Activity: 1701
Merit: 308
May 24, 2014, 11:18:32 AM
Really nice to join coin-swap I can do some nice trades there.
And now we have some merchants who accept the coin to.
We only need a price increase, so next time im in Amsterdam i could buy some snacks with my coins!



I think if the team come out with more updates within the next 2 weeks then we know this is going to be one serious VC.
sr. member
Activity: 434
Merit: 511
May 24, 2014, 10:59:09 AM
Really nice to join coin-swap I can do some nice trades there.
And now we have some merchants who accept the coin to.
We only need a price increase, so next time im in Amsterdam i could buy some snacks with my coins!

member
Activity: 98
Merit: 10
May 24, 2014, 06:33:25 AM


NLG is listed at Coin-Swap.net

Markets
NLG/BTC
NLG/DOGE


Attention Miners: AUTO-SELL
Miners! We have an auto-sell feature so you can set your mining pool address to your order address at Coin-Swap. This will continue to add what you mine to a single order instead of having an order open for each deposit. You can change the price of your order without having to cancel and create a new order. Simply change the price!

Attention Pool operators: Easier order management
Want to offer your payouts in BTC? Want less headache managing your orders? Contact us for more information and special rates.

How to get started at Coin-Swap
Please read our Quick Start guide to help you get started!

Contact Us
If you have any problems or questions about setting up an order please feel free to contact us! coinswapnet at gmail.com or #coin-swap on Freenode.

Ian
sr. member
Activity: 249
Merit: 250
May 24, 2014, 05:38:53 AM
For current prices of Guldencoin in Euro, Dollar and Bitcoin you can visit the ticker from Guldencoinforum.com with special thx to the community.

Cookie.

I freaking new it was the last post.. Wink For now it's on there, maybe it'll get a place for its own.

C.
sr. member
Activity: 407
Merit: 250
May 24, 2014, 04:13:16 AM
For current prices of Guldencoin in Euro, Dollar and Bitcoin you can visit the ticker from Guldencoinforum.com with special thx to the community.

Cookie.

Very Cool! Will this be added to the ANN for future reference or should I just browse the guldencoinforum?
full member
Activity: 182
Merit: 100
Community
May 24, 2014, 03:04:26 AM
it looks like goole map...some one want to dev it? Map coin...integrate with map
sr. member
Activity: 249
Merit: 250
May 24, 2014, 03:02:43 AM
For current prices of Guldencoin in Euro, Dollar and Bitcoin you can visit the ticker from Guldencoinforum.com with special thx to the community.

Cookie.
sr. member
Activity: 407
Merit: 250
May 24, 2014, 01:08:45 AM
Guldencoin team I have an idea regarding your distribution.

You are currently giving away 100 NLG which caters for 1.5 million citizens, however lets be honest the Dutch population is around 17 million and how many of those people are under 16 and also elderly people that will probably never use the coin.

Have you thought about maybe increasing the reward to 500 or maybe a 1000, lets say you do 1000 then you can also market it as saying the first 150000 thousand people will get 1000 NLG each. The benefit here is that at least 1000 NLG has some value where people will make a effort to get it. Not that it is my business but maybe think about it and maybe the community has some other ideas

The only issue would be people who claimed 100 NLG already, how would they get the 900 remaining to them?

EDIT: Also this will get rid of the distribution funds a lot quicker.

There is a lot more then 1.5 million working class citizens in the Netherlands but I also think if the reward was increased to 1000 it would bring more interest in from the 150k Dutch people that are lucky enough to hear about it, if the price eventually goes to 1000 Satoshi then 100 is good but say 20 000 people claim to dump out into btc, that would be 20mil coins flooding the market.
I recommend the team at least bring out more value for the coin like they doing before increasing the rewards that high. 250 or 500 would be safer at this point in time.
hero member
Activity: 502
Merit: 500
May 23, 2014, 04:11:16 PM
Guldencoin team I have an idea regarding your distribution.

You are currently giving away 100 NLG which caters for 1.5 million citizens, however lets be honest the Dutch population is around 17 million and how many of those people are under 16 and also elderly people that will probably never use the coin.

Have you thought about maybe increasing the reward to 500 or maybe a 1000, lets say you do 1000 then you can also market it as saying the first 150000 thousand people will get 1000 NLG each. The benefit here is that at least 1000 NLG has some value where people will make a effort to get it. Not that it is my business but maybe think about it and maybe the community has some other ideas

The only issue would be people who claimed 100 NLG already, how would they get the 900 remaining to them?

EDIT: Also this will get rid of the distribution funds a lot quicker.
legendary
Activity: 1582
Merit: 1002
HODL for life.
May 23, 2014, 10:40:21 AM
Hey Ando, that also concerns me but the good news is that it doesn't matter how many ASICs get thrown our way there will always be the same amount of daily coin earned +- depending on fluctuations on hash rate. The main thing is that enough buyers and enough use for the coin.

If I was living in Amsterdam I would most likely be a daily customer at De Prins Smiley or if I was living near any of the 3 Subway branches for that matter.

+1... I'd be at De Prins every day too.

That's it, I'm moving!

-Fuse
sr. member
Activity: 322
Merit: 250
May 23, 2014, 10:25:38 AM
Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.

It's tough to know what the effect will be, but litecoin will most likely be the coin that get hits hard with Asics initially. Since there is enough volume to support people dumping out. On the other end of the scale people buying gridseeds have big money, esp the ones from KnC that cost close to $10000. Now if it's someone that has dipped into there life savings and needs to ROI then they will be dumping out which could initially effect coin prices or make it so it costs more to mine the coin with the price/hash ratio. The later would only be a problem though if all POW scrypt coins became unprofitable to mine cause a person mining to ROI is going to take the best current priced coin and mine it via multipools.

On the other end of the spectrum you will have a rich investor who will buy some hw and also mine a coin they supporting not to dump out but to use and even buy more up. This is why POW coins with no USE will die out with ASICS and the rest will carry on.

Changing to a different ALGO means you are supporting people who can only afford graphic cards. Wink

The above is just my opinions of course and could be totally off.

Future ASICs, including the upcoming KNCs, will support current algorithms.  You're not going to get away from ASICs with an algorithm change.  You're only going to alienate the people with current generation ASICs, myself included.

The reality is that ASICs are cheaper than GPUs now.  A R9 270 will get 450kh at about $120-150 slightly used, and it runs at about 180W.  A gridseed 5-chip unit will get 360-500(OC'd)kh at about $100 new, and it runs at 8W.  There's a reason people are selling off all of their GPUs right now, and GPU prices are tanking.

-Fuse

That raises another good point that ASICs will provide better ROI if you replacing your current GPU KH just because of the power usage, so it makes a lot of coins more profitable.

but one Point  is safe, i somebody buy many ASCI´s, then she/he will dump every coin down to equalize their costs from buying this ASCI.
They spend very much Money for that and wanna have a ROI ..
who should buy all these millions of coins ?

sorry if i am to negative, but you are talking about a bright future with some ASCI`Farms and something else, but at first the most of this Persons wanna reach their ROI.



This is not really an issue because if the hash rate rises so rises the difficulty, and as such, the same amount of coins enters in circulation. The only difference is that they will be spread among less persons.
legendary
Activity: 924
Merit: 1000
May 23, 2014, 10:21:25 AM
Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.

It's tough to know what the effect will be, but litecoin will most likely be the coin that get hits hard with Asics initially. Since there is enough volume to support people dumping out. On the other end of the scale people buying gridseeds have big money, esp the ones from KnC that cost close to $10000. Now if it's someone that has dipped into there life savings and needs to ROI then they will be dumping out which could initially effect coin prices or make it so it costs more to mine the coin with the price/hash ratio. The later would only be a problem though if all POW scrypt coins became unprofitable to mine cause a person mining to ROI is going to take the best current priced coin and mine it via multipools.

On the other end of the spectrum you will have a rich investor who will buy some hw and also mine a coin they supporting not to dump out but to use and even buy more up. This is why POW coins with no USE will die out with ASICS and the rest will carry on.

Changing to a different ALGO means you are supporting people who can only afford graphic cards. Wink

The above is just my opinions of course and could be totally off.

Future ASICs, including the upcoming KNCs, will support current algorithms.  You're not going to get away from ASICs with an algorithm change.  You're only going to alienate the people with current generation ASICs, myself included.

The reality is that ASICs are cheaper than GPUs now.  A R9 270 will get 450kh at about $120-150 slightly used, and it runs at about 180W.  A gridseed 5-chip unit will get 360-500(OC'd)kh at about $100 new, and it runs at 8W.  There's a reason people are selling off all of their GPUs right now, and GPU prices are tanking.

-Fuse

That raises another good point that ASICs will provide better ROI if you replacing your current GPU KH just because of the power usage, so it makes a lot of coins more profitable.

but one Point  is safe, i somebody buy many ASCI´s, then she/he will dump every coin down to equalize their costs from buying this ASCI.
They spend very much Money for that and wanna have a ROI ..
who should buy all these millions of coins ?

sorry if i am to negative, but you are talking about a bright future with some ASCI`Farms and something else, but at first the most of this Persons wanna reach their ROI.



Hey Ando, that also concerns me but the good news is that it doesn't matter how many ASICs get thrown our way there will always be the same amount of daily coin earned +- depending on fluctuations on hash rate. The main thing is that enough buyers and enough use for the coin.

If I was living in Amsterdam I would most likely be a daily customer at De Prins Smiley or if I was living near any of the 3 Subway branches for that matter.
member
Activity: 98
Merit: 10
May 23, 2014, 10:12:06 AM
Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.

It's tough to know what the effect will be, but litecoin will most likely be the coin that get hits hard with Asics initially. Since there is enough volume to support people dumping out. On the other end of the scale people buying gridseeds have big money, esp the ones from KnC that cost close to $10000. Now if it's someone that has dipped into there life savings and needs to ROI then they will be dumping out which could initially effect coin prices or make it so it costs more to mine the coin with the price/hash ratio. The later would only be a problem though if all POW scrypt coins became unprofitable to mine cause a person mining to ROI is going to take the best current priced coin and mine it via multipools.

On the other end of the spectrum you will have a rich investor who will buy some hw and also mine a coin they supporting not to dump out but to use and even buy more up. This is why POW coins with no USE will die out with ASICS and the rest will carry on.

Changing to a different ALGO means you are supporting people who can only afford graphic cards. Wink

The above is just my opinions of course and could be totally off.

Future ASICs, including the upcoming KNCs, will support current algorithms.  You're not going to get away from ASICs with an algorithm change.  You're only going to alienate the people with current generation ASICs, myself included.

The reality is that ASICs are cheaper than GPUs now.  A R9 270 will get 450kh at about $120-150 slightly used, and it runs at about 180W.  A gridseed 5-chip unit will get 360-500(OC'd)kh at about $100 new, and it runs at 8W.  There's a reason people are selling off all of their GPUs right now, and GPU prices are tanking.

-Fuse

That raises another good point that ASICs will provide better ROI if you replacing your current GPU KH just because of the power usage, so it makes a lot of coins more profitable.

but one Point  is safe, i somebody buy many ASCI´s, then she/he will dump every coin down to equalize their costs from buying this ASCI.
They spend very much Money for that and wanna have a ROI ..
who should buy all these millions of coins ?

sorry if i am to negative, but you are talking about a bright future with some ASCI`Farms and something else, but at first the most of this Persons wanna reach their ROI.

legendary
Activity: 924
Merit: 1000
May 23, 2014, 10:05:38 AM
Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.

It's tough to know what the effect will be, but litecoin will most likely be the coin that get hits hard with Asics initially. Since there is enough volume to support people dumping out. On the other end of the scale people buying gridseeds have big money, esp the ones from KnC that cost close to $10000. Now if it's someone that has dipped into there life savings and needs to ROI then they will be dumping out which could initially effect coin prices or make it so it costs more to mine the coin with the price/hash ratio. The later would only be a problem though if all POW scrypt coins became unprofitable to mine cause a person mining to ROI is going to take the best current priced coin and mine it via multipools.

On the other end of the spectrum you will have a rich investor who will buy some hw and also mine a coin they supporting not to dump out but to use and even buy more up. This is why POW coins with no USE will die out with ASICS and the rest will carry on.

Changing to a different ALGO means you are supporting people who can only afford graphic cards. Wink

The above is just my opinions of course and could be totally off.

Future ASICs, including the upcoming KNCs, will support current algorithms.  You're not going to get away from ASICs with an algorithm change.  You're only going to alienate the people with current generation ASICs, myself included.

The reality is that ASICs are cheaper than GPUs now.  A R9 270 will get 450kh at about $120-150 slightly used, and it runs at about 180W.  A gridseed 5-chip unit will get 360-500(OC'd)kh at about $100 new, and it runs at 8W.  There's a reason people are selling off all of their GPUs right now, and GPU prices are tanking.

-Fuse

That raises another good point that ASICs will provide better ROI if you replacing your current GPU KH just because of the power usage, so it makes a lot of coins more profitable.
legendary
Activity: 1582
Merit: 1002
HODL for life.
May 23, 2014, 09:33:31 AM
Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.

It's tough to know what the effect will be, but litecoin will most likely be the coin that get hits hard with Asics initially. Since there is enough volume to support people dumping out. On the other end of the scale people buying gridseeds have big money, esp the ones from KnC that cost close to $10000. Now if it's someone that has dipped into there life savings and needs to ROI then they will be dumping out which could initially effect coin prices or make it so it costs more to mine the coin with the price/hash ratio. The later would only be a problem though if all POW scrypt coins became unprofitable to mine cause a person mining to ROI is going to take the best current priced coin and mine it via multipools.

On the other end of the spectrum you will have a rich investor who will buy some hw and also mine a coin they supporting not to dump out but to use and even buy more up. This is why POW coins with no USE will die out with ASICS and the rest will carry on.

Changing to a different ALGO means you are supporting people who can only afford graphic cards. Wink

The above is just my opinions of course and could be totally off.

Future ASICs, including the upcoming KNCs, will support current algorithms.  You're not going to get away from ASICs with an algorithm change.  You're only going to alienate the people with current generation ASICs, myself included.

The reality is that ASICs are cheaper than GPUs now.  A R9 270 will get 450kh at about $120-150 slightly used, and it runs at about 180W.  A gridseed 5-chip unit will get 360-500(OC'd)kh at about $100 new, and it runs at 8W.  There's a reason people are selling off all of their GPUs right now, and GPU prices are tanking.

-Fuse
legendary
Activity: 924
Merit: 1000
May 23, 2014, 08:33:50 AM
This has been a good discussion, the devs will always be monitoring the situation and if the need is there to switch it will happen. Right now though things are running smoothly and the coin is stable both technically and in price.

sr. member
Activity: 1701
Merit: 308
May 23, 2014, 04:20:20 AM
Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.

It's tough to know what the effect will be, but litecoin will most likely be the coin that get hits hard with Asics initially. Since there is enough volume to support people dumping out. On the other end of the scale people buying gridseeds have big money, esp the ones from KnC that cost close to $10000. Now if it's someone that has dipped into there life savings and needs to ROI then they will be dumping out which could initially effect coin prices or make it so it costs more to mine the coin with the price/hash ratio. The later would only be a problem though if all POW scrypt coins became unprofitable to mine cause a person mining to ROI is going to take the best current priced coin and mine it via multipools.

On the other end of the spectrum you will have a rich investor who will buy some hw and also mine a coin they supporting not to dump out but to use and even buy more up. This is why POW coins with no USE will die out with ASICS and the rest will carry on.

Changing to a different ALGO means you are supporting people who can only afford graphic cards. Wink

The above is just my opinions of course and could be totally off.
sr. member
Activity: 294
Merit: 250
May 23, 2014, 04:04:00 AM
Did you actually consider changing from Scrypt to something which can not be mined by ASIC's? I think as soon as the ASIC hit mainstream a lot of the current scrypt coins will lose all it's value? I'm talking about those 60MH miners not small gridseeds.
sr. member
Activity: 332
Merit: 250
May 23, 2014, 03:34:30 AM
Is NLG thinking about going proof of stake? I find it nonsensical Proof of Work currency can be a national currency, due to it's potentional vulnerability to 50% attack and other attacks.

Casinocoin has now Digishield implemented: https://github.com/casinocoin/casinocoin

Maybe an idea? Not for now, everything is going well and there have to be not that much updates in a short time, but maybe later on. Also less total coins that will be generated could be considered?

Yeah this is a tough one, having POW means you will have a whole mining segment behind your coin that POS coins won't have, I know some POS coins have got multipools to support them, but the major problem with POS coins is that people generally hoard or trade them. With POW coins there will always be sellers and people willing to spend them as they can get more a lot easier PROVIDED THE COIN HAS USE! that is the most important thing. In the crypto world a lifespan of 2 months is above average for a new coin release because the intention is just to PnD.

Less coins should be considered if the coins demand can't meet supply,  at current prices if everyone had to dump out everything they mined it would need 391 btc to support the coin over 365 days (1 Year). That is a drop in a bucket considering the Netherlands has the 16th biggest economy in the world, so if this goes mainstream it's better to have more supply, if it will stay in the confines of the IT industry less coins would be better. So lets see where things go. Smiley


You are very right WW the supply at this moment is thin. 50 Mil NLG whitout premine and growing with aprox. 576K NLG a day. Daily value at this moment Eur. 420,00. So with these figures it's not desirable to go mainsteam because the shortage of coins will surge the price uncontrollable with also unevitable huge pricedrops. The latter is something you don't want at consumerside, so POS is also not desirable. The purpose of this coin is usage and the team behind the coin is very good on track. So this steady grow of supply and steady pricebuilding is recipe for a great future. ( and naturaly,I have hope on good profit for early adopters) 

sr. member
Activity: 1701
Merit: 308
May 23, 2014, 02:20:58 AM
Is NLG thinking about going proof of stake? I find it nonsensical Proof of Work currency can be a national currency, due to it's potentional vulnerability to 50% attack and other attacks.

Casinocoin has now Digishield implemented: https://github.com/casinocoin/casinocoin

Maybe an idea? Not for now, everything is going well and there have to be not that much updates in a short time, but maybe later on. Also less total coins that will be generated could be considered?

Yeah this is a tough one, having POW means you will have a whole mining segment behind your coin that POS coins won't have, I know some POS coins have got multipools to support them, but the major problem with POS coins is that people generally hoard or trade them. With POW coins there will always be sellers and people willing to spend them as they can get more a lot easier PROVIDED THE COIN HAS USE! that is the most important thing. In the crypto world a lifespan of 2 months is above average for a new coin release because the intention is just to PnD.

Less coins should be considered if the coins demand can't meet supply,  at current prices if everyone had to dump out everything they mined it would need 391 btc to support the coin over 365 days (1 Year). That is a drop in a bucket considering the Netherlands has the 16th biggest economy in the world, so if this goes mainstream it's better to have more supply, if it will stay in the confines of the IT industry less coins would be better. So lets see where things go. Smiley

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