Quote from: moinuddin14 on November 22, 2017, 06:38:40 PM

Quote from: cryptokyle on November 22, 2017, 12:34:35 PM

Quote from: moinuddin14 on November 22, 2017, 06:56:41 AM

While most of the alt coins have gained in the last 24 hours, monacocoin is further dipping. Any clues of why is this happening? Any dumps in the exchanges? I see the monacocoin developers are one of the most active members of all masternodes, but this could be disheartening to see the coin dipping its value.

Miners receiving 80% of the block rewards and dumping instantly since this coin is very profitable to mine (or rather - was). It has probably dumped enough in value recently the only people mining the coin now are those who will hold the coin and believe more in the project itself. Also, the rewards will be 50:50 miner/MN split in January. All these factors together indicate we are forming a bottom now or already made it. Buy...

Ideally would like to see moving 80% to Masternode vs Miners. That way max coins would be locked and the price would shoot up.

Hello,

The problem is that 80% to masternode would not be good for miners and they are needed on the network.

Our project is very young, and we are in the early PoW phase. The difference is that miners now are not the samethan some years ago. They mine, they sell. Most of them don't mine because they believe in a project, but because the coin is profitable .