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Topic: PRIMECOIN: difficulty is going ballistic - miners hold on to your coins - page 2. (Read 3874 times)

hero member
Activity: 784
Merit: 500
Come on! CPU mined stuff 65 LTC/K is a very high price anyway.
legendary
Activity: 2940
Merit: 1090
Huh? Shouldn't you be saying "oh wow awesome those idiots with an advantage over me in hashing power are throwing away the coins so damn cheap I don't even need any mining gear I can buy as many as I want at insanely low prices!" ?!?

-MarkM-
legendary
Activity: 1456
Merit: 1000
Its been really sad to see it drop so fast....

I hope its truly just a few with open CL miner or something.  It's not looking promising long term atm.
sr. member
Activity: 378
Merit: 255
legendary
Activity: 2940
Merit: 1090
hero member
Activity: 784
Merit: 500
its on 4 exchanges...

mcxnow, coins-e, cryptsy and ... ?
legendary
Activity: 2940
Merit: 1090
Is there any actual value or in mining using the primecoin method when compared to sha256? Is it a superior mining protocol?

Well it might be more complicated to make pools for it, since breaking up the work into small pieces might not be as simple as it is for hashcash.

Whether that makes it better or not depends maybe on whether you are pro pool or prefer there be no pools due to pools being dangerous concentrations of power.

-MarkM-
newbie
Activity: 31
Merit: 0
Is there any actual value in mining using the primecoin method when compared to sha256? Is it a superior mining protocol?
legendary
Activity: 1420
Merit: 1010
member
Activity: 98
Merit: 10
full member
Activity: 154
Merit: 100
Holy crap wow . That was fast.

and be dumped from 0.009 to 0.002 now Smiley
legendary
Activity: 2198
Merit: 1019
Buzz App - Spin wheel, farm rewards
Holy crap wow . That was fast.
hero member
Activity: 602
Merit: 500
I've been away last 4 days. Is XPM on an exchange now?

its on 4 exchanges...
legendary
Activity: 2198
Merit: 1019
Buzz App - Spin wheel, farm rewards
I've been away last 4 days. Is XPM on an exchange now?
full member
Activity: 154
Merit: 100
When someone tells me to hold onto my coins, I start getting suspicious about their motives.
sr. member
Activity: 246
Merit: 250
My spoon is too big!
The supply generation is the same as it was (reducing, yes, but it's not like they're not getting found). It's just getting spread around more it seems (or someone is mining with an OpenCL / CUDA miner).
hero member
Activity: 874
Merit: 1000
Current exchanges are pushing down XPM like crazy, but conversely the difficulty is going nuts. Don't be tempted to dump your coins on the market thinking the price is plummeting. With the current difficulty going ballistic I suspect XPM supply is going to dwindle, and price is going to go back up. 
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