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post #6581 of 22311
Quote:
Originally Posted by MotO View Post

What's everybody's thoughts on the BTC downhill trend?

I think we will see it rise up again.. It had to die down after this insane public interest
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post #6582 of 22311
Quote:
Originally Posted by MotO View Post

What's everybody's thoughts on the BTC downhill trend?


Well MotO, my assessment of the situation is this:


The general decline over the past couple of days is a prime indicator that the majority of the skyrocketing value of cryptocurrencies were caused by nothing more than a bunch of news stories that made a significant portion of the worlds population see nothing but Dollar/Yen/Ruble/Krugerrand/Peso/ect. signs. They jumped on the bandwagon expecting an easy get rich quick scheme, and after the initial market drop, their hopes & fleeting dreams are crushed, and they're bailing en masse.


It's no surprise that of those, as soon as market value went back up a little, those who jumped to late with the crash a few days before, are now cashing out. They all expected to be rich by now... And they, for the most part, aren't. For those who believe in the principals that brought cryptocurrency into existence in the first place, it's just a smallish roadbump in something that's been a long time coming.


The truth is, this is a good thing for the entire market, the general public knowledge concerning the existence of alt. currencies, I mean. If by asking that, you're asking if the entire idea is going to hell in a hand basket... No, it's just a minor hiccup in the entire process of becoming known & widely accepted.


Just sit back, chill and wait for the next peak is what the smart players will be doing. smile.gif
Edited by ForceProjection - 12/21/13 at 7:06pm
post #6583 of 22311
i have a few non tech friends who even heard of bitcoin or crypto. thats saying alot. im trying to convince them to invest with me for 1year. i would build the rig and maintain the wallets for a year. it would be even split on earnings -ROI. some might bite.
post #6584 of 22311
Bad news hits the crypto market more suddenly than the good news. Thing with Bitcoin and other crypto currencies is, it's not very easy for first time adopters to quickly get in to trading or buying, especially in non-US markets like China. Good news brings new Bitcoin users but there is a lag of a few days before it the market feels it. Bad news, however, doesn't affect people that are not Bitcoin owners, but it immediately affects those that own them.

It will just need to get easier to buy and more accessible for people to participate and its prices will become more stable. Bitcoin will be the "big one" for a while, but once you're in, it's easier to go deeper into the rabbit hole of crypto trading and mining with other coins.
post #6585 of 22311
So I have about 10k EarthCoin after a couple hours of mining. Thinking about going back to doge or possibly starting Worldcoin, any recommendations for a coin or a pool for WC?
post #6586 of 22311
Quote:
Originally Posted by blkdoutgsxr View Post

So I have about 10k EarthCoin after a couple hours of mining. Thinking about going back to doge or possibly starting Worldcoin, any recommendations for a coin or a pool for WC?

I am using multipool for my WDC it seem good.
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post #6587 of 22311
Can somebody help me set up a failover?

I added the --failover-only flag, only for cgminer to not start again.
    
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post #6588 of 22311
So whats going on with LAWNNOOB's coin? I dont want to miss it! Hopefully it will pan out better than earthcoin...
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post #6589 of 22311
Thread Starter 
Quote:
Originally Posted by legoman786 View Post

Can somebody help me set up a failover?

I added the --failover-only flag, only for cgminer to not start again.

No need for flags, just add a set of -o -u -p tags and pool/worker/pw data after your first one in the batch file.
post #6590 of 22311
Quote:
Originally Posted by ivanlabrie View Post

No need for flags, just add a set of -o -u -p tags and pool/worker/pw data after your first one in the batch file.

So...
Code:
cgminer --scrypt -o stratum+tcp://stratum01.hashco.ws:8888 -u afr33sl4ve.1 -p x -o stratum+tcp://middlecoin.com:3333 -u REDACTED BTC ADDRESS -p x -I 15 -s 1 -E 1 -Q 0

Like that?


EDIT: It works! biggrin.gif
Edited by legoman786 - 12/21/13 at 10:07pm
    
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