Topic: [OLD][CSC]CasinoCoin ♠ A Digital Currency For The Regulated Online Gaming Sector - page 163. (Read 343080 times)

I think this is only way up from now. I'll check again 3 years from now 

So we going higher or what? It looks to be picking up again.

probably not going to happen. the order book is incredibly thin on the upside. In the past month I managed to take an additional 2.5 mil coins out of circulation. I don't think there are enough coins in weak hands to get this down to sub 200's any time soon. If anything cheap bitcoin could ignite a significant move upwards.

Looks like buying 100k would take you to about 595. I think you need to start being a little more realistic about your purchase price or you'll likely be left behind.

Personally, i won't sell my CSC unless it reaches 0.01 - 0.1 BTC in 3 - 5 years. Anything less than that and I'd let it sit there indefinitely. This is why I continue to accumulate every month.

Somebody let the price drop for a day or two.  Got that 100k order waiting to fill.  lol

Yeah I totally agree that Casinocoin has good brand value. At this point in time I'm happy with how it's held up in comparison with all the other coins. It's extremely encouraging that CSC is now hovering at 500 mh hashrate. Take a look at the all time history on coinwarz:
 http://www.coinwarz.com/network-hashrate-charts/casinocoin-network-hashrate-chart From this chart, it would seem that even though our price has come down since the subsidy cut, we\ve restored the hashrate indicating that we're one of the more profitable scrypt coins to mine in the bunch. Overtime, I think we'll win more loyalty with miners because our coin is generally stable. Hopefully, this puts us in good position to benefit if asics ever become widespread for scrypt.

It's a strange time for miners though. For all coins including bitcoin, mining seems to have reached an inflection point where profits are zero or negative for most. It's going to look very tough for the next 6 months and I think many of them will be faced with hard decisions. Hopefully, the next sixth months shakes out the bulk of miners who mine CSC and immediately sell it. These miners operate at the most unprofitable pricing levels and they are largely responsible for destroying pricing discovery for CSC and the rest of the alts. Over time, I think the system will tend towards favoring miners who don't wantonly destroy pricing and operate with individual advantages such as cheaper electricity, better technology, or simply better planning.

So don't get too discouraged by the last year. Take this coin out another 3 years and we may find ourselves in a much different situation.

Look at PayCoin and BlueCoin - Casino has so much potential based on the name and domains alone.

I only wish we had cut the subsidy and max cap even lower but even so, there is much value in this coin once cryptos take off soon.

They're all waiting for Bitcoin and then big investors will look for the names which can be best marketed for maximum profits.

So let the short sighted sell for a measly 450 Satoshi - the real value of Casino is much much higher.



Cheers!

BTW, I asked cryptsy to fix their withdrawals for CSC. It looks like they may finally be willing to do so.

My support message:
I've placed three withdrawals today for nearly 800k CSC. All three were cut to <25k CSC withdrawals. Please fix your withdrawal system. This is exceptionally irritating.

I shouldn't have to make 36 withdrawals to get my coins out of cryptsy. BTW I don't want to hear excuses about transaction spam and transaction too large errors. You are perfectly capable of processing my withdrawal with multiple smaller transfers if the amount is really an issue instead of failing the withdrawal with a single small transaction. Any competent programmer should have known this.

Support response:
I do apologize for the inconvenience.

The reason why the withdrawal is being chopped is due to a large build up of inputs from all the transactions in the wallet which become to large to fit into the block chain so it chops the withdrawal to a size where it will fit into the block chain. I have alerted our wallet specialist who will merge inputs to help larger withdrawals process.

Thank you for your patience as he works on merging inputs.


Sincerely,
Stephanie
Cryptsy.com

Wow. The price goes up to 450 and these people just destroy it. They are so hard up to take profits. It's sad really.

BTW I've locked up close to 5 million so far. If people want to give CSC away. I'll gladly take them off their hands.

hash rate and difficulty are both up. All it takes is a bit of price improvement.

Sure I can follow up with them. Thx

Goldseal,
did you notice that Cryptsy stats on CSC are old, they are still showing
336 million total coins
50 coins per block,

I asked them to change it to current specs.. maybe you should too...

Looks like some hashrate has come in too, undoubtedly attracted by the price increase:
http://www.coinwarz.com/network-hashrate-charts/casinocoin-network-hashrate-chart

why yes it is.. Im just holding, so I haven't looked since you put the original floor down.. good to see...

CSC seems to be moving a bit today. I'm moving the floor up. Happy New Year everyone.

BTW, if you want the price on CSC to go up, by all mean throw some hashing power at the coin. Currently, the only thing holding price down is miners minting and dumping as they are made. Take those coins away from them and you lessen their effect.

Keep in mind that after scrypt asics come out, if the community doesn't like where the coin is, we can change. Pre-empting that now without at least trying it could potentially clip our wings.

For now, I'd suggest we keep it rolling and see where it goes.

actually Im pretty sure some of the larger merge mining pools like coinking would add it to the merge-scrypt pool right away, you can mine csc there already so its pretty much just an update for them. personally I would probably vote for this change, security is a big thing, especially considering what this coin is trying to do with casino's,

Price is the interesting point. I think it will essentially take away the ability for high hashrate miners to mine a bunch of CSC at low diff since AuxPOW should increase the difficulty really high....that is if pools bother to merge mine CSC

I will throw up to 1Th/s+ at CSC if it implements AuxPOW depending on how much hash rate is on the other coins at xpool.net at any given time.

Thinking it will take the difficulty consideration out of the equation in regard to price. If it has a high diff it should be less profitable to mine....what this does to the price I don't know but at least the blockchain will be secure (again, if pools bother to mergemine it). Some people were saying it's harder to later hardfork the blockchain with a new version but I haven't checked into that myself.

Just throwing some of my thinking into the discussion...not necessarily putting in my vote "for" implementing AuxPOW.

It wont work, 93% of current hash power is merge mining, so the last stat I saw anyway.. that leaves little left to go around and even less to secure the blockchain,.. AUXPOW seems to be where all the hash is headed and I don't think it would hurt the security selling point of CSC, Not sure how it would effect price....