[TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico - page 259.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Biomech on July 02, 2014, 10:45:39 PM

Quote from: armin22 on July 02, 2014, 05:21:48 PM

Quote from: Ense04 on July 02, 2014, 04:37:30 PM

Anyone know what caused the dump this week? Was someone spreading FUD or is it just that everyone received their monthly stake and decided to all sell at the same time?

i think its the second option

I'm agreeing. You got two things going on. One, it got really hard to get ANY tek about 30 days ago. Two, it's the beginning of the month, and everybody got bills. Three, BTC went nuts. I think we're just seeing some profit taking. The two stage dump was a bit of a surprise, though. the price had nearly recovered, and then dropped again. Hopefully next month the stakeholders will be a little wiser in their sells.

Wait, what am I saying? Dump that shit! I'll be ready for it next month! Grin

I managed to buy a small amount again today - however... gotta be said here.. since folks jumped off central cavern yesterday (to pay 1.5% to miners-point!???!!!) I mined 50TEK in 24 hrs. Not bad going.
Guys, I totally understand that you are wary of new pools, but trust me, i'm all in on TEK and there is no way i'd want to do any damage to the coin in any kind of majority hashrate attack. come back to central cavern! Our luck is far better than the rest and our servers are far superior - 6xCPU 8GBRAM with local ddos firewalls (not cloudflare) on every server. Each coin has it's own dedicated server; come on folks.. it's silly to pay inflated fees when you can get so much better elsewhere!

Biomech

legendary

Activity: 1372

Merit: 1022

Anarchy is not chaos.

Quote from: armin22 on July 02, 2014, 05:21:48 PM

Quote from: Ense04 on July 02, 2014, 04:37:30 PM

Anyone know what caused the dump this week? Was someone spreading FUD or is it just that everyone received their monthly stake and decided to all sell at the same time?

i think its the second option

I'm agreeing. You got two things going on. One, it got really hard to get ANY tek about 30 days ago. Two, it's the beginning of the month, and everybody got bills. Three, BTC went nuts. I think we're just seeing some profit taking. The two stage dump was a bit of a surprise, though. the price had nearly recovered, and then dropped again. Hopefully next month the stakeholders will be a little wiser in their sells.

Wait, what am I saying? Dump that shit! I'll be ready for it next month! Grin

Dogedigital

legendary

Activity: 1330

Merit: 1000

Quote from: armin22 on July 02, 2014, 03:31:22 PM

Quote from: David Latapie on July 02, 2014, 03:16:21 PM

Quote from: Dogedigital on July 01, 2014, 10:24:23 PM

Selling 3230 Tek for 2BTC. Pm me.

A bit less than 61,920 satoshi per TEK. Too expensive for me.

1.65 BTC. Looking to get rid of it all or either keep it and buy more.

armin22

sr. member

Activity: 252

Merit: 250

Quote from: Ense04 on July 02, 2014, 04:37:30 PM

Anyone know what caused the dump this week? Was someone spreading FUD or is it just that everyone received their monthly stake and decided to all sell at the same time?

i think its the second option

Ense04

full member

Activity: 145

Merit: 100

Anyone know what caused the dump this week? Was someone spreading FUD or is it just that everyone received their monthly stake and decided to all sell at the same time?

armin22

sr. member

Activity: 252

Merit: 250

Quote from: David Latapie on July 02, 2014, 03:16:21 PM

Quote from: Dogedigital on July 01, 2014, 10:24:23 PM

Selling 3230 Tek for 2BTC. Pm me.

A bit less than 61,920 satoshi per TEK. Too expensive for me.

Quote from: armin22 on July 02, 2014, 03:05:10 PM

Whatever you bought, wasn't mine xD

That was some days ago, during the dump.

Not me

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: Dogedigital on July 01, 2014, 10:24:23 PM

Selling 3230 Tek for 2BTC. Pm me.

A bit less than 61,920 satoshi per TEK. Too expensive for me.

Quote from: armin22 on July 02, 2014, 03:05:10 PM

Whatever you bought, wasn't mine xD

That was some days ago, during the dump.

armin22

sr. member

Activity: 252

Merit: 250

Quote from: David Latapie on July 02, 2014, 03:04:20 PM

Quote from: armin22 on June 30, 2014, 12:27:41 PM

Ive got 1070 tek sell up, feel free to buy that xD

I did

Whatever you bought, wasn't mine xD

Still hodling 650 for staking Cheesy

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: armin22 on June 30, 2014, 12:27:41 PM

Ive got 1070 tek sell up, feel free to buy that xD

I did

I agree with biomech on the necessity to spend TEK from time to time. My trading plan is to stake enough to have 12 BTC a month. At this moment, I will sell every month 25% of my stake, ending with 3 BTC per month (StakeHunter pledge: sell 25% of your stacking every month). If after this moment, selling 25% of my stake doesn't translate into 3 BTC (because of a price drop), I don't know what I will do - probably stake more until it happens

Trololoh

sr. member

Activity: 461

Merit: 250

Quote from: walkdev on July 02, 2014, 05:45:47 AM

Quote from: Trololoh on July 02, 2014, 05:43:46 AM

http://tekcoin.org/#Downloads still downloads Tekcoinv1.0.1.rar.

Please update to latest wallet !

What are the differences? And is there a Mac version for me to report back and say doesn't work on my machine? Wink

Old version, 1.01 doesn't sync, this is because there have been some changes to the blockchain.
If it would sync, you would end up on a forked chain.

Current versions, both 1.2, downloads are on 1st message or OP from this thread :

windows https://drive.google.com/file/d/0B0M-bp2HC0eYZHU0a3B2NFFzQVU/edit?usp=sharing
Mac wallet: http://tek.blockx.info/tekcoin-1.2.0.0-macosx.dmg

You can check current version as usual :
Help -> about

And if it is synced and blocknumbers are the same as can be found in block explorer you should be fine.

armin22

sr. member

Activity: 252

Merit: 250

Quote from: armin22 on June 17, 2014, 02:14:20 PM

Here's my wallet.exe

Version : 1.2

https://mega(dot)co(dot)nz/#!0d4STbQT!OIHHJjjX1XmgP2LnUQbVl9h5Rtpk6MnnZiMVCyP-EJE

walkdev

full member

Activity: 125

Merit: 100

Quote from: Trololoh on July 02, 2014, 05:43:46 AM

http://tekcoin.org/#Downloads still downloads Tekcoinv1.0.1.rar.

Please update to latest wallet !

What are the differences? And is there a Mac version for me to report back and say doesn't work on my machine? Wink

Trololoh

sr. member

Activity: 461

Merit: 250

http://tekcoin.org/#Downloads still downloads Tekcoinv1.0.1.rar.

Please update to latest wallet !

Dogedigital

legendary

Activity: 1330

Merit: 1000

Selling 3230 Tek for 2BTC. Pm me.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: armin22 on July 01, 2014, 03:23:19 PM

Are the "Daily Tek Mineable" accurate?

yes, cron updates every 30 seconds and shows statistics correctly according to local hashrate vs network hashrate

armin22

sr. member

Activity: 252

Merit: 250

Quote from: raskul on July 01, 2014, 03:18:21 PM

The Central Cavern Mining Pools
DASHBOARD UPDATED TO SHOW CURRENT MARKET RATES!!!

TEKcoin Pool

Low 0.5% fees across the board

http://tek.centralcavern.uk

please also see our bitcoin p2pool node

Amsterdam

see our thread for more info
https://bitcointalksearch.org/topic/05-fee-pools-central-cavern-mining-co-pools-655493

www.centralcavern.uk
turn down your pc speakers!

Are the "Daily Tek Mineable" accurate?

raskul

sr. member

Activity: 434

Merit: 250

The Central Cavern Mining Pools
DASHBOARD UPDATED TO SHOW CURRENT MARKET RATES!!!

TEKcoin Pool

Low 0.5% fees across the board

http://tek.centralcavern.uk

please also see our bitcoin p2pool node

Amsterdam

see our thread for more info
https://bitcointalksearch.org/topic/05-fee-pools-central-cavern-mining-co-pools-655493

www.centralcavern.uk
turn down your pc speakers!

raskul

sr. member

Activity: 434

Merit: 250

Quote from: thundertoe on July 01, 2014, 12:49:25 PM

there is a new type of multipool i think causing some confusion here. A multipool that pays out in tek(not btc) for mining the multipool?

yes, not a normal multi that mines a coin and you have multiple addresses for multiple coins, but a multi that mines alt coins and pays you out in TEK, but none of this is done automatically - hence why you (the miner) get the honour of paying fees at every step.

thundertoe

legendary

Activity: 938

Merit: 1000

there is a new type of multipool i think causing some confusion here. A multipool that pays out in tek(not btc) for mining the multipool?

raskul

sr. member

Activity: 434

Merit: 250

Quote from: armin22 on July 01, 2014, 11:44:56 AM

Quote from: raskul on July 01, 2014, 11:44:21 AM

Quote from: armin22 on July 01, 2014, 11:38:10 AM

Quote from: raskul on July 01, 2014, 11:35:34 AM

Quote from: armin22 on July 01, 2014, 11:28:45 AM

Quote from: raskul on July 01, 2014, 11:27:57 AM

Quote from: armin22 on July 01, 2014, 11:22:57 AM

Quote from: raskul on July 01, 2014, 11:21:22 AM

Quote from: armin22 on July 01, 2014, 11:19:12 AM

Good idea to get a TEK multipool?

not really because it's mineable directly - anyone who wants to obtain TEK via mining, can do it directly.
multipool-ex's are only of use to coins which have ended PoW - you multi-mine other coins to trade for TEK.

Yes but it might be one of the only sha multipool setups that make sense, since tek forces itself into below bitcon mining profits nearly always

it would make more sense to setup a scrypt or X11 multipool which mines alts and trades them for TEK, why would I point my SHA rig at a multi to get TEK when I can mine it myself? remember there are fees involved right through the process when you muli-exchange-pool... mining tx fees, trading fees out, trading fees in, sending fees... et al

Multipool's purpose is to allow all Algo miners to mine different coins, sell and then buy TEK. I never meant it should be limited to TEK.

i understand what you are saying, i think that multipools are all a pretty bad idea.. i've tried them and soon realised that my getting the honour of paying fees right through is foolhardy, most multipool-exchanges don't get enough miners to actually assist with price pumps on any coin, which is what they are all billed to do.
I'm sure you would get miners to mine on it, but most people soon realise that their earnings in TEK would be more by either mining a coin and trading it themselves to buy TEK, or just mining TEK direct - unless of course the multi you are mining on is soaking up all the fees;

1. % fee to mine at the multi
2. % fee to trade mined alt at exchange
3. % fee to trade mined alt to TEK
4. % fee to send TEK to miner from exchange

whereas, If i point my scrypt rig at (examplecoin) and trade it myself for TEK, i've reduced the fees I pay in the process.

Most people won't have free time to do this, and also many algo's profitability changes because of vast number of coins. You are luck enough to have the time and info to figure out profitability of each coin and keep switching, but some people don't have the time and a multipool is a sensible idea.

i'm not so sure.. it takes not much time at all to check coinwarz as to which is the most profitable coin, but.. in saying that it is regular that the coin which a multi points at may be profitable at the point of mining, but when the coin actually gets to the exchange for trading, price can have dropped drastically. I see what you are saying and i'm sure it may be an option for some.. I wouldn't advise making any substantial investment in setting up a multipool however. If Thunder can get a multi running at no cost to himself or the community, then it may be worth something.

CoinWarz is useless in my experience, very slow to update diff of any coin, causes losses e.t.c

which was my exact point. by the time the multi has mined a coin and put it onto an exchange, the price is invariably different to the point it was mined.

Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico - page 259. (Read 446108 times)