WDC Network hashrate at 1.4 G/s now!

Foamy

member

Activity: 96

Merit: 10

Quote from: fenican on May 19, 2013, 11:20:47 PM

So how on earth do people go from the current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC. Comparable to CNC.

to .009? Are they on crack ? Never going to happen

Who would have thought CNC would get up to 0.004? Don't under estimate WDC. lol

ofeefee

legendary

Activity: 1023

Merit: 1001

Tokenize Fantasy Sports

wdc is quite a bit better than ftc, and cnc was fast, but wdc is fast too...and wasn't named for a stupid country. has is almost 1700 now.

pizza

member

Activity: 112

Merit: 10

Quote from: fenican on May 19, 2013, 11:43:35 PM

Quote from: 503guy on May 19, 2013, 11:31:31 PM

Quote from: fenican on May 19, 2013, 11:20:47 PM

So how on earth do people go from the current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC. Comparable to CNC.

to .009? Are they on crack ? Never going to happen

You need to take into consideration the block reward for each coin when you compare two alt coins..

The problem, obviously, is that 10 of these coins are released per week. Miners have no loyalty to any of them except BTC and LTC.

Miners make good money selling to speculators. A few speculators make money selling to a greater fool. By the time the coin hits an exchange, nowadays, all that will be left are bag holders who panic and sell. See YAC, CNC, and FTC all have gotten crushed off their highs

You putting WDC in the same category of scam coins like FTC & CNC shows the lack of knowledge you have on the topic.

fenican

hero member

Activity: 1395

Merit: 505

Quote from: 503guy on May 19, 2013, 11:31:31 PM

Quote from: fenican on May 19, 2013, 11:20:47 PM

So how on earth do people go from the current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC. Comparable to CNC.

to .009? Are they on crack ? Never going to happen

You need to take into consideration the block reward for each coin when you compare two alt coins..

The problem, obviously, is that 10 of these coins are released per week. Miners have no loyalty to any of them except BTC and LTC.

Miners make good money selling to speculators. A few speculators make money selling to a greater fool. By the time the coin hits an exchange, nowadays, all that will be left are bag holders who panic and sell. See YAC, CNC, and FTC all have gotten crushed off their highs

mtbitcoin

legendary

Activity: 876

Merit: 1000

Etherscan.io

Quote from: pwn on May 19, 2013, 09:29:39 PM

Any speculation on exchange info, or what type of open price could be expected?

I'm holding on to mine just in case...don't have much only 1500 or so but..who knows!

Morgan

This will be interesting to see how it plays out. I am guessing two scenarios :

1. There is already "insider" info that the coin is about to get picked up by one of the exchanges so you see a rash of buys on the forum

or

2. Collect cheap enough coins, then create an artificial demand for the coins by buying them at stable rate. This creates attention to the coin, hash rates picks up (normally followed by posts stating how high the coin's hash rate is) and an exchange lists it. One of the main criteria for listing a coin is the hash rate (for security 51% and as a gauge of popularity)

Either way best of luck and happy trading Cheesy

503guy

full member

Activity: 140

Merit: 100

Quote from: fenican on May 19, 2013, 11:20:47 PM

So how on earth do people go from the current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC. Comparable to CNC.

to .009? Are they on crack ? Never going to happen

You need to take into consideration the block reward for each coin when you compare two alt coins..

fenican

hero member

Activity: 1395

Merit: 505

So how on earth do people go from the current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC. Comparable to CNC.

to .009? Are they on crack ? Never going to happen

erk

hero member

Activity: 826

Merit: 500

Quote from: fenican on May 19, 2013, 11:14:09 PM

Don't get your hopes too high. Check out what happened to YAC on BTER. It is trading for 1/3 where it transacted on bitcointalk

Yeah but that's all YAC deserved, it brings nothing new to the table aside from being hard to mine with anything but a CPU, all inward focused stuff for miners. WDC on the other hand offers the best transaction speed out there on a none experimental coin, that's a hot feature for trade/merchants, not just miners, and that make it worth something.

blastbob

hero member

Activity: 602

Merit: 500

Quote from: Twerka on May 19, 2013, 09:34:52 PM

Quote from: pwn on May 19, 2013, 09:29:39 PM

Any speculation on exchange info, or what type of open price could be expected?

I'm holding on to mine just in case...don't have much only 1500 or so but..who knows!

Morgan

When FTC hit the market it was 0.0046 for 2 or 3 days. I bet for a good start at, at least, 0.009.
If developers keeps showing up, announcing and closing business with website it could go up.
You can also see a lot of people buying like 50000 coins, and poor guys seeling all mined by 2 LTC, lol.

trying to buy, not buying Wink

503guy

full member

Activity: 140

Merit: 100

Quote from: fenican on May 19, 2013, 11:14:09 PM

Don't get your hopes too high. Check out what happened to YAC on BTER. It is trading for 1/3 where it transacted on bitcointalk

CPU coins don't have a chance.

503guy

full member

Activity: 140

Merit: 100

Quote from: thisnewcoin on May 19, 2013, 11:11:14 PM

Quote from: Twerka on May 19, 2013, 09:34:52 PM

Quote from: pwn on May 19, 2013, 09:29:39 PM

Any speculation on exchange info, or what type of open price could be expected?

I'm holding on to mine just in case...don't have much only 1500 or so but..who knows!

Morgan

When FTC hit the market it was 0.0046 for 2 or 3 days. I bet for a good start at, at least, 0.009.
If developers keeps showing up, announcing and closing business with website it could go up.
You can also see a lot of people buying like 50000 coins, and poor guys seeling all mined by 2 LTC, lol.

This sounds like a reasonable speculation Grin

FTC is 200 coins per block -- WDC is 32 coins per block. There are less coins, price should be higher.

fenican

hero member

Activity: 1395

Merit: 505

Don't get your hopes too high. Check out what happened to YAC on BTER. It is trading for 1/3 where it transacted on bitcointalk.

Let's also cut through the clueless chatter and look at the real current market rate of WDC:

.027 LTC/BTC * .026 WDC / LTC (2.6 LTC per 100 WDC) = .000702 WDC / BTC. Comparable to CNC.

thisnewcoin

full member

Activity: 406

Merit: 104

Convert Crypto at BestChange

Quote from: Twerka on May 19, 2013, 09:34:52 PM

Quote from: pwn on May 19, 2013, 09:29:39 PM

Any speculation on exchange info, or what type of open price could be expected?

I'm holding on to mine just in case...don't have much only 1500 or so but..who knows!

Morgan

When FTC hit the market it was 0.0046 for 2 or 3 days. I bet for a good start at, at least, 0.009.
If developers keeps showing up, announcing and closing business with website it could go up.
You can also see a lot of people buying like 50000 coins, and poor guys seeling all mined by 2 LTC, lol.

This sounds like a reasonable speculation Grin

Twerka

full member

Activity: 154

Merit: 100

Quote from: pwn on May 19, 2013, 09:29:39 PM

Any speculation on exchange info, or what type of open price could be expected?

I'm holding on to mine just in case...don't have much only 1500 or so but..who knows!

Morgan

When FTC hit the market it was 0.0046 for 2 or 3 days. I bet for a good start at, at least, 0.009.
If developers keeps showing up, announcing and closing business with website it could go up.
You can also see a lot of people buying like 50000 coins, and poor guys seeling all mined by 2 LTC, lol.

BitJohn

hero member

Activity: 826

Merit: 1001

@Bit_John

well its currently trading at 3LTC+ per 100 I would expect something in that range

pwn

newbie

Activity: 28

Merit: 0

Any speculation on exchange info, or what type of open price could be expected?

I'm holding on to mine just in case...don't have much only 1500 or so but..who knows!

Morgan

thisnewcoin

full member

Activity: 406

Merit: 104

Convert Crypto at BestChange

Currently at 1.32Gh/s

fisheater

hero member

Activity: 770

Merit: 605

Yay! Keeping growing anything will happen soon?

{
   "blocks" : 37527,
   "currentblocksize" : 0,
   "currentblocktx" : 0,
   "difficulty" : 3.72818268,
   "errors" : "",
   "generate" : false,
   "genproclimit" : -1,
   "hashespersec" : 0,
   "networkhashps" : 1346524682,
   "pooledtx" : 0,
   "testnet" : false
}

1.4 Mh/s now...
{
"blocks" : 37555,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 3.72818268,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 1403572477,
"pooledtx" : 1,
"testnet" : false
}

Foamy

member

Activity: 96

Merit: 10

15:22:59

getnetworkhashps

15:22:59

1348414541

growing every minute.

ElJay

full member

Activity: 208

Merit: 100

Quote from: Twerka on May 19, 2013, 03:12:27 PM

Quote from: 237 on May 19, 2013, 02:32:49 PM

We should make a "XXC Network hashrate at XX.XX G/s now!" thread for every coin
every 30 minutes now. I think that would help keeping the Alt. forum enjoyable.
Even less spammy then it is now.

Edit: Oh sorry i must be mistaken. Today isn't opposite day

Would be great to have a live indicator. I think people who is buying WDC is checking obsesively the hashrate. And the rest of coins seems to be dead, FTC does not even send payments any more (24hs to send 10 FTC!)

The king is dead, long live the king! Wink

(excluding litecoins)

Topic: WDC Network hashrate at 1.4 G/s now! (Read 1575 times)