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Cryptocurrency Traders Club - Page 18

Poll Results: How do you feel about crypto currencies in general (not any specific coin)?

 
  • 31% (20)
    This is the future of financial transactions and will replace current systems in 5-10 years!
  • 35% (23)
    It's an evolutionary step, but without regulation and standardization will likely be replaced eventually.
  • 20% (13)
    It's likely to go strong for a few years, but long-term will simply be viewed as a fad.
  • 12% (8)
    It's a ridiculous ponzi-scheme, and it could all collapse entirely any second now!
64 Total Votes  
post #171 of 319
Quote:
Originally Posted by lacrossewacker View Post

Yeah thats what im concerned about. Just wanna make sure those pools give a reasonable amount of BC coins. Waisting 2mhs for 200 coins would suck

Don't forget that your hash on the BC pool has a second purpose...increasing buy pressure for the coin itself. So, even if you get 200 coins, they may be worth more after you receive them as compared to when you mined them!

Also, as time goes on and the value of BC rises, you'll get less coins from mining, but they will be worth more. It's all about the net worth yield of your hash!

Anyone playing this new game needs to leave the "oooh shiny coins...DUMP THEM!" mentality behind and have faith that the collective hash power on this pool will continually drive the value up through buy pressure. A new school of thought, indeed.

It's going to be a VERY interesting week if the pool stays up, stays stable, and nears a full release launch status.

Edit: BTW, I'm nabbing VTC and holding fast whenever I can. I've been seeing a lot of positive press about it recently, and it seems more and more people are looking towards it as a refuge for when the inevitable respectable Scrypt ASICs become available.

Ultracoin could give it some competition, but I think scrypt-jane is too difficult to work with and too far removed from the Scrypt algo people have come to know and love.

My bet: Bitcoin, Litecoin, and Vertcoin as the "Big 3" in the near future.
Edited by Redvineal - 3/23/14 at 10:29pm
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post #172 of 319
Quote:
Originally Posted by Redvineal View Post

Don't forget that your hash on the BC pool has a second purpose...increasing buy pressure for the coin itself. So, even if you get 200 coins, they may be worth more after you receive them as compared to when you mined them!

Also, as time goes on and the value of BC rises, you'll get less coins from mining, but they will be worth more. It's all about the net worth yield of your hash!

Anyone playing this new game needs to leave the "oooh shiny coins...DUMP THEM!" mentality behind and have faith that the collective hash power on this pool will continually drive the value up through buy pressure. A new school of thought, indeed.

It's going to be a VERY interesting week if the pool stays up, stays stable, and nears a full release launch status.

Edit: BTW, I'm nabbing VTC and holding fast whenever I can. I've been seeing a lot of positive press about it recently, and it seems more and more people are looking towards it as a refuge for when the inevitable respectable Scrypt ASICs become available.

Ultracoin could give it some competition, but I think scrypt-jane is too difficult to work with and too far removed from the Scrypt algo people have come to know and love.

My bet: Bitcoin, Litecoin, and Vertcoin as the "Big 3" in the near future.

That's what I've been thinking now, don't think about the short term, look weeks and months ahead. That's why I am going more into Vertcoin for mining.

The only reason you'd want to dump for higher profits is when you dump, trade them for other altcoins you'd otherwise get less off with daily mining. Like mine Ultracoin to get Vertcoin.
post #173 of 319
Quote:
Originally Posted by Redvineal View Post



It's going to be a VERY interesting week if the pool stays up, stays stable, and nears a full release launch status.

.


Yeah VTC is a pain in the butt to setup - configure. I have one of my rigs pointed at that. Easier to just buy some smile.gif

Trying the pool now with my 290.
Edited by lacrossewacker - 3/24/14 at 6:04am
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post #174 of 319
OMG Im so gutted I sold my 2044 Coins at 3400! I sold as the value was going down, but it didn't drop to anywhere's near what I thought/hoped it would, and its now rocketed to over 8000! Gutted!
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post #175 of 319
Glad I kept mine.
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post #176 of 319
Quote:
Originally Posted by Matt26LFC View Post

OMG Im so gutted I sold my 2044 Coins at 3400! I sold as the value was going down, but it didn't drop to anywhere's near what I thought/hoped it would, and its now rocketed to over 8000! Gutted!

I sold 10,700 back at the first pump/dump a few weeks back.......@ around 2000

I should've bought back in at 550. Damn you hindsight!
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post #177 of 319
Quote:
Originally Posted by Matt26LFC View Post

OMG Im so gutted I sold my 2044 Coins at 3400! I sold as the value was going down, but it didn't drop to anywhere's near what I thought/hoped it would, and its now rocketed to over 8000! Gutted!

I feel for you, at one time I had about 17,000 BC, but I played with them and while I gained in value, I lost actual coins. This morning I took all my BTC I had gained and reinvested into BlackCoin. I have also removed the vast bulk of my coins back into my wallet and off the exchange and the ones I do have on the exchange are set at 1.0 BTC. I'm also mining the multipool to help drive the price up and gain a few more coins at the same time. Today, I've only got 8,778 BC left, but if it ever would go to 1 = 1 BTC as some predict that it may, even at today's low price, that's still a few million USD. I'm willing to give that a roll of the dice to see what happens. There are many saying that even the current price is a buy, but I'll leave that decision up to you. However, the more people like me that come along and remove coins from the market will cause the price of the coin to rise as long as there are buyers.
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post #178 of 319
Quote:
Originally Posted by lacrossewacker View Post

I sold 10,700 back at the first pump/dump a few weeks back.......@ around 2000

I should've bought back in at 550. Damn you hindsight!

Lol I hate hindsight!

Quote:
Originally Posted by Roulette Run View Post

I feel for you, at one time I had about 17,000 BC, but I played with them and while I gained in value, I lost actual coins. This morning I took all my BTC I had gained and reinvested into BlackCoin. I have also removed the vast bulk of my coins back into my wallet and off the exchange and the ones I do have on the exchange are set at 1.0 BTC. I'm also mining the multipool to help drive the price up and gain a few more coins at the same time. Today, I've only got 8,778 BC left, but if it ever would go to 1 = 1 BTC as some predict that it may, even at today's low price, that's still a few million USD. I'm willing to give that a roll of the dice to see what happens. There are many saying that even the current price is a buy, but I'll leave that decision up to you. However, the more people like me that come along and remove coins from the market will cause the price of the coin to rise as long as there are buyers.

Yeah my plan was to buy back in again as the price dropped so I could increase my holdings, but it didn't drop low enough for me to buy back in, then I saw the price around 4500 and thought way to high to buy back in now, again in hindsight if I'd known it was going to go ballistic today I would have bought yesterday frown.gif

Seems to be dropping again atm down to 6570 on MintPal
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post #179 of 319
Quote:
Originally Posted by Roulette Run View Post

I feel for you, at one time I had about 17,000 BC, but I played with them and while I gained in value, I lost actual coins. This morning I took all my BTC I had gained and reinvested into BlackCoin. I have also removed the vast bulk of my coins back into my wallet and off the exchange and the ones I do have on the exchange are set at 1.0 BTC. I'm also mining the multipool to help drive the price up and gain a few more coins at the same time. Today, I've only got 8,778 BC left, but if it ever would go to 1 = 1 BTC as some predict that it may, even at today's low price, that's still a few million USD. I'm willing to give that a roll of the dice to see what happens. There are many saying that even the current price is a buy, but I'll leave that decision up to you. However, the more people like me that come along and remove coins from the market will cause the price of the coin to rise as long as there are buyers.


1 BC = 1 BTC?

I would vomit in excitement if that ever came to be...(assuming 1 BTC meant anything by that point)

that multipool -> BC keeps going down.

What do you have in your .bat file to keep it reconnecting automatically?
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post #180 of 319
Quote:
Originally Posted by lacrossewacker View Post

1 BC = 1 BTC?

I would vomit in excitement if that ever came to be...(assuming 1 BTC meant anything by that point)

that multipool -> BC keeps going down.

What do you have in your .bat file to keep it reconnecting automatically?

I use the Kalroth version of cgminer and have a backup pool in my .conf file.
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