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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1431

post #14301 of 22807
Quote:
Originally Posted by charliew View Post

Blackcoin went 0.00005 -> 0.000019 -> 0.000026. Its still climbing a bit. DANCE FOR ME PUPPETS.


Its also ridiculously profitable to mine atm. Counting 3 coins per MHs per minute =

60*24*3 = 4320 coins per day

4320 * 0.000025 * 600 = 64.8 bucks per day per mhs. Of course the difficulty wont allow this to go on for very long, but GET IT WHILE ITS HOT.

http://sancrypto.info/?alt=blackcoin does not have figures anywhere like what you're claiming tongue.gif
post #14302 of 22807
Wow... I go to bed mining BC at ~120 difficulty and less than 12Gh/s total on the coin... wake up today and we're at ~25Gh/s and diff is expected to reach 300 with the next refactoring.

I have to say it.... we're going to OVER 9000! redface.gif

Really, there is obviously a ton of hype on this coin - which is good and bad IMO. However, it should bode well for the exchange rate at least for the next little while. Basically with PoS coins you have a much better possibility of it maintaining value (provided that it survives the initial dump phase). That's why I was mining and holding Mint as well. With pure PoW coins there's simply no incentive to hold unless you truly believe that broad adoption and multiple opportunities to spend the coin are coming in the future (like is the case with BTC and DOGE). With PoS coins, even if you're simply a speculator that believes there will never be broad adoption, you can make passive income by just holding the coins so unless the value is expected to drop by 50-60%, many will still hold and wait while banking their stake shares.

Hopefully, that will be the case - but since I've already got a 45% gain on my buy in yesterday... it's worth a hold to see what it can do I guess.

That and black is my favorite color. thumb.gif

EDIT:
OK that DBZ meme referrence might not be that far off... right after posting the diff hit just under 400 and the network rate is now almost 40Gh/s... up 65% in 10 minutes?!?! Insane.
Edited by DiGiCiDAL - 2/27/14 at 10:21am
post #14303 of 22807
Hate to say it but whenever mentions PoS in a post my first thought is always Piece of S***. biggrin.gif
post #14304 of 22807
Quote:
Originally Posted by DiGiCiDAL View Post

Wow... I go to bed mining BC at ~120 difficulty and less than 12Gh/s total on the coin... wake up today and we're at ~25Gh/s and diff is expected to reach 300 with the next refactoring.

I have to say it.... we're going to OVER 9000! redface.gif

Really, there is obviously a ton of hype on this coin - which is good and bad IMO. However, it should bode well for the exchange rate at least for the next little while. Basically with PoS coins you have a much better possibility of it maintaining value (provided that it survives the initial dump phase). That's why I was mining and holding Mint as well. With pure PoW coins there's simply no incentive to hold unless you truly believe that broad adoption and multiple opportunities to spend the coin are coming in the future (like is the case with BTC and DOGE). With PoS coins, even if you're simply a speculator that believes there will never be broad adoption, you can make passive income by just holding the coins so unless the value is expected to drop by 50-60%, many will still hold and wait while banking their stake shares.

Hopefully, that will be the case - but since I've already got a 45% gain on my buy in yesterday... it's worth a hold to see what it can do I guess.

That and black is my favorite color. thumb.gif

EDIT:
OK that DBZ meme referrence might not be that far off... right after posting the diff hit just under 400 and the network rate is now almost 40Gh/s... up 65% in 10 minutes?!?! Insane.

http://agran.net/bc_getbalance.php?top=100


Yes and no. You're talking about thousands of coins while there are whales who are holding onto MILLIONS of coins who can deflate the market in a heartbeat. The current volume just doesn't have the capacity to handle that kind of dump at these prices. It's a risky coin at best if you want to buy in. Mining, on the other hand, helps mitigate the risks a bit.
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post #14305 of 22807
can we use multiple miners for the same worker? For instance, if I create zip for lacrossewacker.genericCPU and they all use the same password, will the all contribute to the same "worker" within my pool?
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post #14306 of 22807
Quote:
Originally Posted by DiGiCiDAL View Post

Wow... I go to bed mining BC at ~120 difficulty and less than 12Gh/s total on the coin... wake up today and we're at ~25Gh/s and diff is expected to reach 300 with the next refactoring.

OK that DBZ meme referrence might not be that far off... right after posting the diff hit just under 400 and the network rate is now almost 40Gh/s... up 65% in 10 minutes?!?! Insane.

You missed it earlier though, massive Ddos attack on all pools, p2pools and exchanges holding BC
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post #14307 of 22807
Quote:
Originally Posted by DiGiCiDAL View Post

Wow... I go to bed mining BC at ~120 difficulty and less than 12Gh/s total on the coin... wake up today and we're at ~25Gh/s and diff is expected to reach 300 with the next refactoring.

I have to say it.... we're going to OVER 9000! redface.gif

Really, there is obviously a ton of hype on this coin - which is good and bad IMO. However, it should bode well for the exchange rate at least for the next little while. Basically with PoS coins you have a much better possibility of it maintaining value (provided that it survives the initial dump phase). That's why I was mining and holding Mint as well. With pure PoW coins there's simply no incentive to hold unless you truly believe that broad adoption and multiple opportunities to spend the coin are coming in the future (like is the case with BTC and DOGE). With PoS coins, even if you're simply a speculator that believes there will never be broad adoption, you can make passive income by just holding the coins so unless the value is expected to drop by 50-60%, many will still hold and wait while banking their stake shares.

Hopefully, that will be the case - but since I've already got a 45% gain on my buy in yesterday... it's worth a hold to see what it can do I guess.

That and black is my favorite color. thumb.gif

EDIT:
OK that DBZ meme referrence might not be that far off... right after posting the diff hit just under 400 and the network rate is now almost 40Gh/s... up 65% in 10 minutes?!?! Insane.

Now if we could just get the network to start confirming coins. My last coins hit my wallet at 6:24 this morning.
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post #14308 of 22807
That's true... although the rate at which you can mine them currently is pretty disappointing... I'm quite glad I was able to purchase a few days worth earlier on... right now I'm looking at fewer than 3K/day. redface.gif

post #14309 of 22807
Yea been jumping like that all week even before it was on any exchanges. 10+ GH/s come and go. The thing is multipools have been mining it even before it got on any exchange.
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post #14310 of 22807
Quote:
Originally Posted by Roulette Run View Post

Now if we could just get the network to start confirming coins. My last coins hit my wallet at 6:24 this morning.

Thats the thing. This coin takes 520 blocks for confirmations to clear. Suppose to be to prevent large farms from dumpin but well see how that goes.
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