Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Credits(CRDS): CPU-only mining | Argon2d PoW - Masternodes
by
ronnylov
on 13/03/2018, 13:24:30 UTC
Quote from: EmoHP on March 13, 2018, 11:56:27 AM
Quote from: mrankin on March 13, 2018, 06:38:06 AM
Quote from: ThemonkiiX on March 13, 2018, 06:31:31 AM
is there any news for this coin?
For the latest news you're always going to get it faster in our Discord - https://discord.gg/DjSfNtp

We are nearly done with the coding for the v1.2.0 which will be an update to the reward structure as voted for by the community in January this year. The new reward structure will include 0.5 CRDS per block to Dev Fund (123,187.5 CRDS/year), and a change to the PoW/MN Rewards with a move to 8/2 PoW/MN at the fork block, and an increase of the MN reward about every 6 months / 125,000 blocks between reward changes (will be at 2 PoW/8 MN in 4 years).

Here is a draft of how the new block rewards will look. Most notably we're going to be moving from a total block reward of 11 CRDS to 10.5 CRDS per block once we reach the fork block in the new version.


All this sounds good if you do not look the exchange. There is a doubled thread with 2x pages (and posts) than this one. All of the latest post there discuss it's the end of the CRDS game now. Also "partner" websites are exposed as true scam websites and no real coins behind them. Investors are going back. Miners are trying to sell. I already sold everything. My last 12 days of mining were not on profit but luckily still on zero. I sold yesterday, but today I would be on 1/2 of the price I got yesterday. Looking at the orders it's going to be worse. I don't believe the coin will make it till the end of the week.
Yesterday I already made a forecast this is the end. Today I clearly see it's a fact. So talking about masternodes and blocks while pretending nothing happened is useless now. Correct me if I'm wrong?
If you're gonna invest 3-4k EUR to buy all sell orders and make dummy buy orders, ok... maybe there is a small future, but you won't be able to get back you money invested in this idea. The price would go up, but it's already too late to find new investors (buyers).

Of course rebranding could help. But the problem is people are already writing freely in the mirror thread. And they talk about CRDS also. So I think it's the reason behind the price drop. We're already below mining costs. So miners left, Investors left. Sell orders are 2-3 time more. Future is not bright. At the moment the coin is dead. And it's a down trend from the beginning. I mean the true beginning when the coin started in the exchange.

What doubled mirror thread and what partner websites? What are you talking about? Can you provide links?

All masternode coins are down but this one is one of the better ones without any scammy ICO or presales of masternodes. Mining has been a lot better compared to let's say cryptonight coins and mining with CPU only is one of the great things with this coin. I am not happy with reduced mining rewards but it has already been decided by the Community. Why Selling now? Better to wait until better prices if you need to sell. I guess Investors building masternodes would like better MN rewards in future. And mining rewards are still good. 8 instead of 10 is not a big decrease and hopefully this is compensated with better price of coins.