Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS - page 517. (Read 1053097 times)

lol sorry about the abruptness of my post..

Ok generally speaking.. when a multipool joins in.. price starts to collapse till its out of profitability range.. and sometimes even drops below stable price..

Take for example... if a coin has a stable price of 20 satoshi. That will generally keep it in the average profitability zone.. on the other hand when price hits 30 it will be considered the most profitable coin to mine. Under normal circumstances this would just mean a lot of miners will mine our coin and sell it either for immediate profit or keep it in hopes that prices will rise earlier. These options dont exist for multipools as they need to liquidate the coins immediately for btc so that they can make the payout to their miners. Which means that the market will immediately be flooded without the maximum amount of coins in the shortest period of time.. Thank you cryptsy "auto-sell" option... for reference sake multipools like Hashcows and Middlecoin have hashrates that can be measured in the GH/s.

Now the difficulty retarget might keep out the multipools and then again it might not..multipools only mine a coin as long as its profitable. so 1 minutes mining a coin wont matter much in the scale of things.. ive seen hashcows mine wdc for 3 minutes.. before jumping to doge, for them its about the here and now.. not the what happens next..

Anyway, the point to my post is not to spread FUD but to give our generally young(in crypto trading) community a way to understand why the market moves the way it does.. as opposed to me saying it would never happen.. i'd rather say it might happen and here's the general idea of what are the results of such a situation.. it sucks to get caught up in a panic sell.. and a sudden drop in price from  usually brings some nut into the thread screaming "Coin is dead" . Personally, i am grateful that Noble has managed to maintain its standards so far.. imagine that.. a 109 pages.. and no screaming of anything.. lol thats pretty amazing

0 info from anyone I know you guys are working on a lot, we are just trying to get them all in the same place. So if you are working on any dev pieces such as a paper wallet, game, or anything, please shoot us a quick email. Thanks as always!

Looks good.  I'm definitely keeping an eye on this one.

Just joined the Linkedin group too

Guys, remember to join our new Linkedin group where we will be posting regular updates on Noblecoin and cryptocurrencies in general.

Feel free to add your own discussions and comments, the more the merrier. Let's spread our reach.  

NobleCoin P2P Digital Currency

agreed

You are 100% correct. In reality everything you do in crypto is a double edge sword. The more you promote, the better things you do, the more attention you draw, the more the coin value is. However with that comes the all important hash as well as the gigantic crushing power of multipools. However I feel like we have been able to gradually grow to a solid base and will continue on this pace, so even if a multipool was to jump on I think we can sustain it. Also with the fact we are on such a small marketplace, they don't have the ability to auto-switch, kill our hash and auto-sell and drive the price down. I think being on a smaller exchange is a blessing in this instance.

exactly.... with a 1 block difficulty readjustment the profitability calculator will calculate the massive jump in difficulty and the profitability outlook will drop out. it could easily go from a profitability ratio of 1/1 to 1/600 in a matter of seconds.

however... the added attention given to this currency by said multipool, could and probably will, draw more attention to the currency itself by individual miners and investors. That could have an effect on the currency as a whole. Much more so than the multipool itself.


just trying to play devils advocate

Is there a way to view my address on a block explorer?
I get ''too many records to display''
http://cryptexplorer.com/address/9qwS3mmUy7nkgmXMxuGBPhk9pLxNKHNh54

That's the thing.
I strongly believe that multipools won't have any effect on us because of the 1 block difficulty retarget.
It would be a huge waste of time and hashpower, therefore a waste of efficiency, for them to get in and out of NobleCoin every minute!

Ah oke goed om te weten.

Th altcoin boom started before Chrisstmas I don't mean to be rude.

I assume that due to quick difficulty readjustment, the influx of new coins won't increase much. Only difference is that there is a possibility that more of the mined coins (% wise) will be sold as opposed to being kept for the future.

It should not have a huge effect on price, though the extra attention might increase interest short term. (like the bump to 300 this weekend)

So when multipools join in will the price rise or lower?
I enjoyed reading your post until the last sentece stopped:p

Thats not entirely correct.. yes there was a boom in ALT coins around when BTC hit 1200... suddenly the world found cryptocurrency..

and the market was good especially when BTC dropped to 500 due to China Panic Sell.. on the other hand after xmas.. when BTC climbed to 1000 again.. there was a basic meltdown across the ALT community.. with most (not all) ALT coins losing a minimum of 30% of their value. Also, the wave of new coins during the december period contributed heavily towards the contraction in prices..

We've actually seen quite a few of the dec adopters drop out.. as most came in as investors.. got caught in hype's like doge.. bought in all the way up to 300 and then saw their coins drop in value all the way to 30-50... it was pretty much the trend across the board then..
The boom i was refering too.. was the upswing of doge.. which shot up to the 200 range.. due in part to their fund raising for the Jamaican Bob Sled Olympic team (Cool Running, anyone). This led to a rise in price for LOT from 12 -60 and then EAC moved from 100-200.. and pretty much all the coins were affected with the wave of new investors.. the remarkable thing about doge is its ability to gain a new difficulty level and quickly reach its new stable price.

USDE might be overpriced  but they had started a wounded veterans fund.. which drove the prices quite a bit.. also dont forget USDE, NOBL, CON and DGB arent listed on cryptsy, coinmarketcap or coinwarz.. so for the most part despite being extremly profitable to our small community.. we have not come under the hammer of multipools.. at which point we will be fighting to move beyond every price increase..

Great! thnx for the info.

You can check the ledger for an approximation of the coins in circulation. This accounts for coins released from the pre-mine and mined coins, but does not inlcude unreleased pre-mine coins.

http://www.noblemovement.com/public-ledger/

Reserved: 281,298,000 NOBLE
Total Released: 18,702,000 NOBLE
Approx. Total Mined: 127,630,000 NOBLE

Approx. Total in Circulation: 146,332,000 NOBLE
Max. Total to be Circulated: 15,000,000,000 NOBLE

Last Updated: Saturday, January 25, 2014, 8:45 AM GMT

For those of you looking for an API for coinmarket, I think I found it: https://www.coinmarket.io/ajax/orderbook/NOBLBTC

love this coin.

how many coins are currently in circulation?

Sure can be easiest way. You ask it - you got it.
Now you can check NOBL/USD price any time at http://www.coinmine.pw/poolinfo.php?coinid=11
Also USD prices available as API  : http://coinmine.pw/api.php?method=coinprofit