Topic: So what happened with all the "belief" in WDC? - page 2. (Read 3555 times)

Here comes the pump...Panickers can start crying now

1. Yes.

2. Yes.

3. N reaches 8192 and a test is showing GPUs fail to get any shares approved.

4. There's one known forum user with a working GPU implementation. It doesn't seem to have had much of an impact on the total coin supply, though, and difficulty has been dropping these last days.

Check the YAC development thread here for more info.

You can't guess the real value of the coin. Miners only mine what is profitable, not the better coin.
People does not care about fast transaction, nor the name, nothing; is it profitable? Then mine and dump. That is the way to go at short term.

Miners are like a plague who eat, destroy and left. Any coin: FTC, CNC, WDC...

That image is still just mining revenue. Volume traded in BTC or USD is essential in letting investors know how their coin is doing. Last trade price is also a dud metric even for miners, you want a weighted average or candlesticks, you need to know the average trades that are going on, not the spot price. Mining has lead times.

I blame the confusing information on CoinChoose for the recent pump and dump by miners of FTC which has caused the coin all sorts of problems. Miners are pool jumping driven by the rapid changes on the site, from a simple change in profitability score, based on some pretty gross assumptions. Just because the spot price on a coin is X, it doesn't mean the miner will be able to sell his coins at that price, the spot price is usually not the same as the  weighted average price, and it takes time, hours possibly days,  to produce the coins, so by the time he has a salable parcel of coins, the price could have move all over the place. What's worse is without considering the trade volume, the miner is left to think they will always have buyers for the coins, which is often not the case unless they heavily discount, thus proving the profitability rating on CoinChoose to be misleading.

Need I mention that each coin has a different lead time until the next difficulty rate changes. That should be factored into the profitability metric.

um noone wants GDC trust me been trying to sell it FOREVER

Do you mean yac?  right now it is gpu hashable ?  what will change after august 13th to prevent that in the future?

So people are mining yac with gpu right now?

Only till August 13, then it isn't GPU hashable at all.

Scrypt still uses SHA256

There is a difference between SHA-2 (256) and SHA-3 (256). Check the table a bit more.

Still GPU hashable though.

YAC is scrypt + SHA-3 because it uses both PoW and PoS. Scrypt part differs from all other scrypt cryptocoins because it is (N,1,1) with variable N, while LTC and clones use (1024,1,1).


There is a difference between SHA-2 (256) and SHA-3 (256). Check the table a bit more.

You lost me.  What does this have to do with WDC, a scrypt coin ?

Err maybe your right, Litecoin is still kicking. I'm just going by the fact that lots of the recent altcoins are limping. A few months ago one would have survived possibly, but now nobody can take them seriously.