Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS - page 282. (Read 1053168 times)

i can see your point but to date, the most secondary coins to be mined on one site is six.... and there are many many more than that, and whats to say that the purpose is to mine LTC, how about doge, anon, dark, franko, etc...

for example if Noble were to be merge mined with lets say REDD, potcoin, electriccoin, fireflycoin, leaf, and hotcoin as secondaries, would the hashrates become so high in the secondary coin networks that a normal pool can't operate?

personally i doubt it. on the other hand if we merge mined and had Noble as a secondary, it could add some stability to our market ( it could also cause more sell offs as well). it could add difficulty and increase value.

at this point it is my opinion that many of the people involved in Noble are holding. that is good and bad, bad because at the moment people are holding because they believe in the coin so much the don't want to repeat the 10,000 Btc for a pappa johns pizza thing. and by doing so the true strength of the currency can't be realized. good because as we progress, we are less likely to sell off and push the value down, ( yes i know that that is what is happening right now), as the value of Noble steadily increases and the utility of Noble is expanded.

Could also be someone who bought in at say 60 and is now "cutting his losses".

Why is this happening? Are whales still manipulating the price down?

But that 100% profit for the brave buyers is paid by him in this case. So this scenario isn't so plausible. To be honest I don't see how some can make money who did all these sellings the last couple days. He will never get back again the same amount of Noble for a cheaper price imo. Or do I see this wrong ( could be).

The problem is not that they don't deserve to be there anymore or anything. But what is a 50 mhash pool going to mine on the network hash of LTC? Chance of finding blocks will be negligible.

Wow a lot of panic selling going on. Every buyorder a bit below trade is getting excuted within minutes. Anyone an idea what's really happening. Rofo are you still alive? Not that his wife is selling all his coins.

not going to argue the premise, i just kinda wish i had some BTC to buy in with.


on an off note, anyone else notice the HUGE sell walls at 124 and 127 sat on mintpal? the amount of BTC to clear them on mintpal would take Noble to 440 sat on poloniex.

I believe it is a "Noble whale", who will sell us very cheap Nobles (deliberately doing so slowly, that anyone can put a bid order). And tomorrow he will pump it again to 50 sat (or even more), giving nice 100%+ profit for all the brave buyers.

i wouldn't say that the normal pools have nothing to offer... (to be honest i personally love the layout of the charityminingpool site). especially in the case of Noble, mainly the charity pools... which i do recommend by the way. also the normal pools would still have a place for new and beginner miners. just some of my thoughts.

as far as the selling... i thought that that is a good thing, creating circulation. and in total volume not large lump sums. it could do much for many coins.

a thought... if merge mining gains a stronger footing, could the normal pools begin to offer incentives? like frequent flier points?

also i'm not sure if all algos are compatible with merge mining, so there is that, and new algos are coming out every month, just most of them are not utilized ( from my understanding)

Discussion is always good and should not be confused with attacking someone. I like that you are into that!

I also like the idea of merge mining too. It can create massive exposure to miners currently only mining LTC, never hearing of other coins except the ones on btc-e.

Downside is that current pools have nothing anymore after the merge. The hashrate would simply be too low.

It might create more individuals selling, as they got it for "free" while mining for instance LTC, but a lot will hold as well. As there are more individuals with a small amount of coins, they can do less harm to the market than few individuals holding large amounts.

is there something wrong with agx.io ?


it is still showing Noble at 41, and no trades since yesterday

yes, i agree with your assessment, i was trying to compartmentalize the conversation. as i stated on the last page and in the post above. personally i believe it is the work of one person ( or more likely a small group of individuals) to push the price down for their own benefit, as to what that may be i haven't the foggiest clue. but when you have a 300 mhs swing every 20 min or so, and then up to a 900 mhs swing 4 times a day, and then you have as to what appears to be a deliberate pushing down of the price of Noble, one has to wonder.

and as far as the asic testing... for the most part i agree with you. but to be honest, because we are a small segment of the crypto community, an asic startup could target us with little consequence to the crypto community at large. ( just kinda of putting our vulnerabilities at the moment on display).

you and i have had a number of discussions on this forum, and for the most part we agree on many things, but to be honest i actually enjoy the back and fourth and the hashing ( pardon the pun) out of ideas.


also, the more i look into it and gain an understanding of how it works, the more i like the idea of merge mining. personally it would allow me to both mine Noble and generate buy support at the same time.

I'm inclined to think it is the various multipools that cause this network variation; ASIC testing would push it up much much higher than that (especially since KNC would be in the mix of this round of ASICs). Knowing how the tape out process works, if ASICs were testing the markets hashrate spikes would be much higher than that. Since you would have to batch a non-trivial amount at a time, the amount of push would easily number in the 20-30 GH/s range.

As for markets, one of the things to note is that if the BTC market is actually turning into a sustained bull market again, then a lot of things are ready to change again. After all, Noblecoin has only existed in a BTC bear market thus far.

The thing is that your reference point is the rally from December. BTC capped at the end of November 2013. There was no BTC rally in December; in fact during December, we already saw signs of the BTC downtrend. To see what I’m talking about regarding BTC-Alt oscilation, reference the exchange charts in mid-October 2013 and also reference the exchange charts in late-February 2013.

looking at the chart on mintpal, i still think it is an intentional push down of the price, there are plenty of coins out there that are trying to copy and past the things that have been done here, including the 1 block recalculation ( a number of them are now advertising that), charity, marketplaces, gold and silver, etc. that is not to say that it is a dev team, more likely an over zelous mining participant, if it is intentional. but look at the charts on mintpal and it begins to look intentional, i don't know the reason for it, maybe to push it down for a big buy, dumping accumulated coins that were acquired during asic testing ( which is looking less and less likely), or some nefarious action being carried out by some disturbed zealot, market fluctuations as a result of BTC value increasing ( but last time BTC was over 700 Noble has hovering between 72 and 92), or who knows. i'm just looking at the charts and something just looks off.

but the best " evidence" for the asic testing theory is the fact that our network hashrate regularly jumps from the 600 mhs range to 1.5 ghs range. yes it is possible that it is a multipool that is not controlled by a computer program. but this happens whether the price is going up ( which you would expect) or down ( not as expected). which is why in this context i would say testing is a more plausible reason. we are also small enough that the 'testing' wouldn't effect the market ( overall crypto scene) to  too high of a degree.

Sorry , but I can't agree on this one.
During the December rally I made more out of alts than out of btc.

Same from the small price rise at the beginning of the year.
It's probable that right now there are too many alts and the money are getting dispersed so a rally can't really stop , but it wasn't like that in the past.

Frankly, a lot people are converting to fiat and this is impacting a lot of the alt-currencies out there.

Regarding what you said, I think a little bit more elaboration needs to be made regarding growth of alts in regards to fiat. When BTC goes up, alts tend to sit at the current fiat price (some will take a slight dip though). This causes the ALT/BTC price to dip accordingly, then once BTC "stabilization" occurs, alts tend to grow in fiat value also (markets tend to even out), so accordingly the ALT/BTC price rises accordingly.

Because of this, there are some willing to take the risk to deviate from sound market strategy to capitalize on the dip and rise. It actually functions as a type of prolonged arbitrage strategy, although there is significant risk involved.

And time to vote......!!!!!!!!!

https://www.usecryptos.com/coinvoting

Time to buy.   

It makes no sense at long as you're not converting to fiat...
You hold 1000 coins worth 1btc.
If the rate between alt/btc doesn't change then you will gain in usd terms just as much , without converting.

Furthermore , most of the times when btc spikes a bit the lats follow the trend.

Back to noble , I have no idea why a coin like this is dropping.
Probably it's best to just hodl and do our best.