Re: [ANN] [GP] GoldPieces - Launch Announcement Thread

What pool is the hash at ?
Theres almost 40gh and the biggest pool on the list is supr with almost 3gh, the other ones has maybe 100mh each..

I wondered about that to, someone mentioned multipools mine whatever coin is profitable and dump on the exchange? Either that or there is just a bunch of people solo mining maybe.

Mystery solved:

X11 3336 32.6784 GH/s

Someone is Nicehashing this at a private pool.

Damn. Dump incoming.

Edit: I im so sick of Nicehash. Mining has become 'first to deposit at nicehash wins the coin'

Edit2: Nicehash causes centralized mining and has destroyed at least 10 of the last coins i was interested in. it should be banned.

Yea, would look for a big dump of coin, often they will sell it right down to 0.

Or they accumulate off the exchange for a pump. Since buying on an exchange would directly raise the price be4 the accumulation is over.

So you mean like they put offers in the marketplace forum on here to buy GP off the exchanges as to not increase the price directly on the exchanges and then once they have enough then they begin to pump the coin so they can make their profits of the coins that they bought off the exchanges?

I mean, they wait for a low diff, start mining with rented or owned hash (why else would someone rent tens of gh/s now with a lower price and profitability) and after pow is over they pump it.

I'm not saying that this is the case, but this could obviously happen.

10k coins got dumped at trex Wink

took it from 5500 sat to 3200 sat or so