Topic: [NSFW] Official Sexcoin Thread - New MANDATORY upgrade: KGW Timewarp attack FIX - page 98. (Read 307641 times)

That graph tells an interesting story and nicely illustrates a growing prblem.  The tapering of dedication after each hit is an excellent observation! and shows show this type of activity slowly eats away a coin until well, your stuck at 22 diff like extreme coin with little chance of a quick recovery.

A little bit harsh, not that I disagree, but I believe he clearly stated he was doing this as a test to kinda see what happens in a nutshell.

EXC.. A very bad, completely useless coin with a very good completely devoted dev.. I can't wait to see how much hash it gets when the coins run out and he tries to keep it alive with one rig.. I could probably 51% it with my spare parts rig when that happens... Of course one node hashing and maybe two more at exchanges is all it talkes to keep a network alive  ... It's interesting as an experiment, I guess.... (Don't get me started, it represents all that is evil in crypto)

Yeap, We knew .. you were pushing around 6MH.. One of the great things about having to struggle rescueing a coin is at the start you really appreciate every single miner you have, and you take a real interest in what your network is doing, who is joining it, and who exploits it at the start.. Watching it becomes a habit.. You'd be surprised at how much attention is paid to it.

I'm going to leak something Lava has been working on since the very start of the coin..


The double spike to around 170 MH is interesting.. we were the most profitable coin, and the auto switching just started to hit, when digicoin became most profitable. Our difficulty went to 0.50 and our regular miners stayed willing to crunch through those blocks, but then we hit the top of the list and that finished us off..

The other interesting thing is if you look closely ( and it's more apparent over a longer term graph) after every spike, fewer and fewer regular miners are willing to do another crunch fest, so the hashrate drops further every time, and it takes longer to hit a retarget every time.

We haven't fully discussed it, but as a coin built for commerce, both autodumping and automining is damaging.. One slows the network to a crawl, the other drops the price regardless of the actual value of the coin.. Merchants and their customers would have to wait forever for a transaction to go through, and then merchants would find they have made a big loss.. We have to overcome these problems to be a serious coin, though for well established coins, the effects aren't as severe...

I don't know what other devs are doing about the problem, or even if it concerns them.. some of them have probably already dumped their premine/instamine at cryptsy and released their next coin...

 
 

Awesome! Welcome to the long term strategy club!

This inspired me! I will have to admit I was auto switching all my miners to Lavajumper when difficulty would fall so I guess I am partly to blame.  After reading this though, I have dedicated one of my miners to the pool 24/7. I like that this coin has a niche market that is recession proof. Let’s hope it does in fact bring us some wealth one day.

Perhaps instead of listing this coin with exchanges is to bypass them entirely and sell the SXC direct to people who are referred from a SXC affiliated website - Buyer then uses the coins for services rendered, the SXC/PayPal exchange then buys back the coins to then re-sell to new consumers. 

From a different thread... Bold added for emphasis. The first section explains why we aren't on Coinchoose at the moment, the second why we aren't in a rush to get on Crypsty, at the moment.
The devs will get together and discuss the future direction of the coin.
Generally we care about our miners, and we don't want them ripped off by flash miners.
We care about our coin as well ..

Some idiot said "top devs are on their third or fourth coin" in one thread... Well we have three devs, two who worked almost every spare second for three months straight, with technical and other support from at least half a dozen others all on one coin, the other is concerned with developing and recruiting commericail sites, and started several days before we hit an exchange... I don't think "top devs" can produce one successful crypto currency in a couple of months much less three... Too many newbies running around thinking you get rich quick.. No-one except scammers have ever gotten rich quick. You don't get rich quick by selling a days worth of mining say 20,000 coins for 15$ worth of bitcoin... you get rich by mining said coins 24/7 for month after month, and then slowly selling them off when theres enough websites using them to make them worth a dollar each.

If just being a cryptocurrency was enough to mean real world value without actually being used as a currency, we'd just clone extreme coin, release it, and sit after our whole ten minutes of hard work and wait to rake the riches in.. we could call it "PlatinumBars" cause naming it after a precious metal adds real world value..

Right now the name of the game is to survive, we've already out survived a few coins, and theres more on the ropes while we are just about to hit our stride. Theres going to be dark days ahead for the alt-coins I think, and it's going to take alot of hard work to get there. Coins are going to need to be credible, we've got four websites but thats not enough. We already have plans to push for more as soon as we clear the hardfork.

But alot of that is my opinion, which is why we'll being discussing, debating and then rehashing opinions among the devs over the next several days, and deciding what direction to take.

As usual, anybody who has an opinion to post on the current altcoin climate is welcome to do so, we love getting different perspectives so we don't miss any angles  

Just a suggestion - PayPal is pushing it's "Sell Digital Goods" on the page --> https://www.paypal.com/au/webapps/mpp/digital-goods Perhaps instead of listing this coin with exchanges is to bypass them entirely and sell the SXC direct to people who are referred from a SXC affiliated website - Buyer then uses the coins for services rendered, the SXC/PayPal exchange then buys back the coins to then re-sell to new consumers.  It's a closed system.  Of course, the difficulty has to be through the roof to prevent miners coming along and mine/dumping (which goes without saying) and guarentee's to the website they in turn can cash in their SXC.

I can definitely see dark days ahead - PlatinumCoins / Gold pressed LatinumCoins / ZorkmidsCoins / MarsCoins / HempCoins / BackpackerCoins / CiderCoins / XBoxCoins / GoldenArchesCoins / TardisCoins the possibilities are as limitless as there are words in a dictionary.  PornCoin came and went - SexCoin is both novel and serves a niche market and will therefore stand out from the rest.

(lots of Blah)

Right now the name of the game is to survive, we've already out survived a few coins, and theres more on the ropes while we are just about to hit our stride. Theres going to be dark days ahead for the alt-coins I think, and it's going to take alot of hard work to get there. Coins are going to need to be credible, we've got four websites but thats not enough. We already have plans to push for more as soon as we clear the hardfork.

But alot of that is my opinion, which is why we'll being discussing, debating and then rehashing opinions among the devs over the next several days, and deciding what direction to take.

As usual, anybody who has an opinion to post on the current altcoin climate is welcome to do so, we love getting different perspectives so we don't miss any angles