Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1931. (Read 4671108 times)
price is high
If you look at the volume chart here its pretty clear that the day before it hit poloniex around 80k coins have moved the owner: http://qcn.cryptostats.org/charts/volume
Before that the network was dead and nearly noone was even mining it - except some guy.
Theres no sell pressure yet on QCN because that dude doesnt seem to sell them yet.
I agree with your final point but not with the network being dead and nobody mining it before Polo. If your were around the IRC channel or even this thread before it went on Polo there were a fair few people mining it and trades were being done several weeks before hitting an exchange. There was also another exchange open before Polo.
dreamspark, are you talking about MRO (since you referred to this thread)? He's referring to QCN. MRO is much more evenly distributed.
Yes I was, it was my mistake I read it wrong, apologies didn't even look at othes name! All this talk of other coins in the thread
I know MRO is more evenly distributed hence my interjection.
Have any lists been created to show CPU / Hashrate / Energy use? for the cryptonight algo
If so, could someone point me in the right direction please.
If so, could someone point me in the right direction please.
If you guys have missed it take a look
https://bitcointalksearch.org/topic/rpietila-altcoin-observer-624223
I have followed rpietila for a long time and and fact Monero has his stamp of approval is BIG.
https://bitcointalksearch.org/topic/rpietila-altcoin-observer-624223
I have followed rpietila for a long time and and fact Monero has his stamp of approval is BIG.
I read it and frankly still on fence, as QCN (being a clone) seems to worth more then MRO atm?
No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.
950,000 MRO vs 110,000 QCN
So QCN should trade at a premium = 30-50% today...
But it will be shaking out for a while.
Smooth is right that a LIQUID coin with Larger Cap = advantage in early days
I'm pretty sure there was a 30k QCN trade on the OTC thread. There are around 6K coins per day emitted on that coin so do the math. Yes I would say it is pretty concentrated.
If you look at the volume chart here its pretty clear that the day before it hit poloniex around 80k coins have moved the owner: http://qcn.cryptostats.org/charts/volume
Before that the network was dead and nearly noone was even mining it - except some guy.
Theres no sell pressure yet on QCN because that dude doesnt seem to sell them yet.
I agree with your final point but not with the network being dead and nobody mining it before Polo. If your were around the IRC channel or even this thread before it went on Polo there were a fair few people mining it and trades were being done several weeks before hitting an exchange. There was also another exchange open before Polo.
dreamspark, are you talking about MRO (since you referred to this thread)? He's referring to QCN. MRO is much more evenly distributed.
any python/kivy users, please check out my GUI for bitmonerod/simplewallet:
https://github.com/jwinterm/cryptonoteRPCwalletGUI
https://github.com/jwinterm/cryptonoteRPCwalletGUI
If you look at the volume chart here its pretty clear that the day before it hit poloniex around 80k coins have moved the owner: http://qcn.cryptostats.org/charts/volume
Before that the network was dead and nearly noone was even mining it - except some guyS.
Theres no sell pressure yet on QCN because that dude doesnt seem to sell them yet.
I agree with your final point but not with the network being dead and nobody mining it before Polo. If your were around the IRC channel or even this thread before it went on Polo there were a fair few people mining it and trades were being done several weeks before hitting an exchange. There was also another exchange open before Polo.
i corrected a typing mistake.
I was one of the few miners myself at the beginning and i was in irc.
I also know there were a few trades, but i am talking about the large one specifically.
If you compare it with the MRO OTC thread here and the volume on exchange.to - its really different
If you look at the volume chart here its pretty clear that the day before it hit poloniex around 80k coins have moved the owner: http://qcn.cryptostats.org/charts/volume
Before that the network was dead and nearly noone was even mining it - except some guy.
Theres no sell pressure yet on QCN because that dude doesnt seem to sell them yet.
I agree with your final point but not with the network being dead and nobody mining it before Polo. If your were around the IRC channel or even this thread before it went on Polo there were a fair few people mining it and trades were being done several weeks before hitting an exchange. There was also another exchange open before Polo.
Loaded this up on two Win7 64 machines. One, booted up fine, 3 days of sync left. Second one throws "daemon busy" messages when I try to refresh it or do anything, but doesnt appear to be catching up. Any ideas?
EDIT: Just found Tacos post in thread, gonna let her run for a bit with set_log 1 so I can see the spazz train
EDIT: Just found Tacos post in thread, gonna let her run for a bit with set_log 1 so I can see the spazz train
You can say that about any coin and it's clones.
Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.
Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.
Just looking at thread activity, there is no comparison - and still QCN tradeable almost 1.5 then MRO.
Guess speculations are going full ahead.
You're still not adjusting for the number of coins. See comment above re: 42 by my friend eizh. Adjusting for number of coins, QCN is not 1.5 but about 0.375 of MRO.
But as you say speculators can do almost anything. QCN might well go above MRO (coin supply adjusted), I have no idea. I certainly see a lot more long term potential here though. Short term, buy whatever is going up (but only with money you can afford to lose).
If you look at the volume chart here its pretty clear that the day before it hit poloniex around 80k coins have moved the owner: http://qcn.cryptostats.org/charts/volume
Before that the network was dead and nearly noone was even mining it - except some guy.
Theres no sell pressure yet on QCN because that dude doesnt seem to sell them yet.
You can say that about any coin and it's clones.
Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.
Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.
Just looking at thread activity, there is no comparison - and still QCN tradeable almost 1.5 then MRO.
Guess speculations are going full ahead.
You're still not adjusting for the number of coins. See comment above re: 42 by my friend eizh. Adjusting for number of coins, QCN is not 1.5 but about 0.375 of MRO.
But as you say speculators can do almost anything. QCN might well go above MRO (coin supply adjusted), I have no idea. I certainly see a lot more long term potential here though. Short term, buy whatever is going up (but only with money you can afford to lose).
No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.
What about the fact that MRO devs do all the work, and QCN just syncs in the changes?
So just due to couple of variables tuned, it still going to be worth as much as MRO?
I think the ideal coin for you might be 42 Coin, currently worth $10,370 per coin. Just kidding.
Anyway, there's an EC2 war going on QCN right now so I would exercise caution. Hashrate is up over 20x in 3 days. That's not organic, as you can tell from the lack of corresponding activity in the forum thread.
You can say that about any coin and it's clones.
Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.
Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.
Just looking at thread activity, there is no comparison - and still QCN tradeable almost 1.5 then MRO.
Guess speculations are going full ahead.
I can say the miner and wallet and quite stable compared to some coins of this age, that is for sure!
No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.
What about the fact that MRO devs do all the work, and QCN just syncs in the changes?
So just due to couple of variables tuned, it still going to be worth as much as MRO?
You can say that about any coin and it's clones.
Building up successful community support, projects and infrastructure is what makes or breaks a coin in the long run.
No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.
What about the fact that MRO devs do all the work, and QCN just syncs in the changes?
So just due to couple of variables tuned, it still going to be worth as much as MRO?
In my opinion people will pick one coin to use, and the rest will fall by the wayside. Right now during the speculation phase, anything can happen, but as I pointed out QCN is still well below MRO if you adjust for number of coins. If you think, in looking at MRO and QCN, that people are ultimately going to place their confidence in QCN, then that's where you should focus. I happen not to believe that but I don't claim to have any special knowledge, just an opinion.
BTW, if all it takes to create a valuable coin is cloning one, then there will be no valuable coins at all. It doesn't matter which you pick, they are all worthless. I don't believe that either.
im having fun messing up coins!
this coin is so differend i will need some time to fuck this up!
i have yet no idea what to do!
this coin is so differend i will need some time to fuck this up!
i have yet no idea what to do!
Issues have been formerly opened on the repo: https://github.com/monero-project/bitmonero/issues
No you have to look at market cap as at least one factor, not just coin price. QCN mines 1/4 as many coins as MRO (for now, at some point the curves will cross). So it would have to be valued at 4x as much to be par. Think about it, if you have a coin where you only issue 0.1 coins per day, and assuming that coin had any kind of promise at all, the value per coin would be huge. The total market cap might not be any different though.
What about the fact that MRO devs do all the work, and QCN just syncs in the changes?
So just due to couple of variables tuned, it still going to be worth as much as MRO?
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