Quote from: DNotes on January 17, 2016, 03:18:17 PM

Quote from: RJF on January 17, 2016, 01:53:16 PM

Quote from: DNotes on January 16, 2016, 07:08:58 PM

Quote from: kold678 on January 16, 2016, 06:19:40 PM

Still mining and holding but feeling a little under the weather when i see us go from an average of 5k sat to now sub 1k and falling... mining these is now just killing my power bill is there any thoughts on forking Dnotes to a pos system .. as i watch ETH moving to take bitcoins spot and give the top 1 percent the ability to take over the digital age of money its very disheartening. Bill Gates and there cronies shouldn't be able to run the new age monetary system.. sorry if i sound off ,but all i have done pretty much since dnotes came out was mine it so i kinda have pretty much all my eggs in one basket. I even got my dad on board for the last 10 months and now hes starting to come down on me so no pressure lol.

Thanks for all the hard work though everyone i know this isn't the outcome any of you have been looking for. Lips sealed

I appreciate your frustration kold, we feel it as well. On the bright side, you should be able to acquire more DNotes when mining at a lower market price as the price and hashrate reach equilibrium.

For now the only option we have is to put our nose to the grindstone. We have a plan and working furiously to execute it while maintaining everything we have built.

We appreciate everyone who has stuck with us this long, I find it inspiring in this industry and age of instant gratification that we have so many long term stake holders and supporters willing to stick it out. The DNotesVault is a shining example of just how much faith everyone has placed in DNotes, currently holding almost 20m DNotes in users accounts.

I see it a bit differently. I don't mine for the short term, I mine for the long term. Even if the coin/value/power cost ratios are upside down, if I have determined a particular currency, like DNotes, will greatly increase in value in the long run, I'll mine it. Yes, sometimes it's cheaper to just buy it but, that doesn't help the coin or it's perception of value to the public and interested investors. If I choose to invest, I also choose to help out. One way to do that is by mining.

I have investigated many coins over the last several years and the first place I go are the forums. I can't tell you how many potential investments I have turned away from by scanning a forum. Yes, I know there is a lot of BS but, there is also a lot of truth. Constant complaints about stuck blockchains and lack of miners is an immediate signal to move on. The only way to keep a POW coin healthy is to mine it. And as for POS, the jury is still out but, most people are admitting pure POS is unsustainable in the long run. Various versions and hybrids of POW/POS are being tried but, as I said, no verdict yet.

So, if you can hang in there great! You will be glad you did in the future. If no, no problem, I know what its like to scramble to pay the bills, no shame there.

Thanks RJF, those are good points and we appreciate the support. I agree POW is the most stable and proven at this point. There are lots of interesting variations out there, and I'm sure there are more coming.

"On the bright side, you should be able to acquire more DNotes when mining at a lower market price as the price and hashrate reach equilibrium."

I just realized that mining DNotes is like Dollar Cost Averaging for long term investing. For anyone that doesn't know, dollar cost averaging is a disciplined method of investing, where you purchase a fixed dollar amount of that investment at regular intervals. It takes the guesswork out of when to buy and gives people a structured, disciplined method of investing. In the case of mining, it would be your mining capacity that would be the 'fixed dollar amount'. It is the amount that is accumulated in the troughs that really makes the investment valuable later on.

Thank you all mine and hold miners!!