Topic: ♘♕♔SWING♚ ♛♞ ▬▬▬▬●Programmatically Fluctuating Miners Cost!●▬▬▬▬ Now On Bittrex! - page 26. (Read 119441 times)

Swing price closing in on 10,000 sats again. Hope you guys took advantage of the price dip.

I've put what little BTC I have left on the order books, hoping for more dumping.

Thanks!

Certainly is.. Can't get it much cheaper..

(I only wish I had more BTC to buy low with haha)

Retweeted both..

although its a very nice time to get some cheap SWING!

Here's an idea.

Typically in a multipool you mine other coins (whatever is most profitable), sell them for BTC, use that BTC to buy you focal currency (Swing), then distribute to miners.

In doing this we get some buy pressure added to the market if some miners decide to switch. (Also miners get to mine coins with no POW)

But since we are not 100% POS and can mine POW still (and have a fair number of POW miners), and miners will favor the pool type that is most profitable, what if we somehow add Swing (direct w/ no conversion) into the profitability selection?

We'd then have a pool that would be able to determine if it was more profitable (in Swing) to mine swing directly, or switch to other alts and convert while rewards are low (also adding buy pressure to the market).

This would of course require custom code, but it's food for thought.

Fantastic, thanks!

I will start building the multipool this afternoon and update the thread with my progress as I work my way through it.

Getting slow responses from the radio shows in my slack group so I've started emailing them.

I'm hoping to get on the air around the time of the 90% POW reward drop. Ideally before that happens.

Any progress on the multipool?

Glad to hear people are using it. Thanks for the feedback!

I have been looking at the new charts since my last post, and I guess your explanation is sound.
BTW great work as always.

I don't usually like to give my insight on price as the dev, but since I do watch it all the time I'll give my 2 cents as a trader.

First of all we have to take note of the BTC value spikes going on. This causes panic in alts. People instinctively go "Oh crap BTC is going up and i'm invested in XYZ alt, I need to convert". On top of this is the fact that "anticipation levels" have dropped recently in swing (although rising now) with the release of the chart we were all expecting. That combined with increased rewards causes reason for sell pressure (sometimes irrationally low sell pressure).

While I'm not certain I'm starting to think some traders have realized all this and added light but "heavy enough" sell walls to suppress a little. You'll notice anything selling under 4k-5k gets quickly purchased. So potentially some rather clever accumulation and re-positioning going on.

Considering all this, our "Anticipation levels" are currently increasing again. Community members are working on a multipool that will add buy pressure to the market, I'm looking to get on crypto radio shows to spread the word of Swing (plus potentially some chart upgrades), and POW rewards are closing in on a 90% reduction.

And that pretty much sums up the current state of Swing. Lots of room to make moves here. Very interesting seeing what choices people make.

Big PoW blocks, multipools and some miners are dumping. Get them cheap now!  

Wow what happened to the price?
I haven't been paying attention for a few weeks, just letting them stake.
Did I miss something?

It's accumulation time, great coin dev  ;-)

Yeah, I agree actually.

That might be a good option. I think it would be better for SWING to not have to rely on a third party. If we had our own multipool specifically dedicated to SWING and with more mining options on tryswing.com, then I think it would be better for the community in the long run. That's just my opinion though.