Dear Multipool Miners,
I have sent an open letter to flound the operator of the multipool.
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Dear flound1129,
With this kind of trading on Cryptsy where orders are crossed for hours from 1 Satoshi and levels that force the multipool to push the coin to insane difficulty levels, I formally request the Luckycoin to be removed from the multipool. Please comment in the community forum. luckycoinfoundation.org
Best regards,
Titan
Luckycoin Developer
I have sent an open letter to flound the operator of the multipool.
------------------------------------------------------------
Dear flound1129,
With this kind of trading on Cryptsy where orders are crossed for hours from 1 Satoshi and levels that force the multipool to push the coin to insane difficulty levels, I formally request the Luckycoin to be removed from the multipool. Please comment in the community forum. luckycoinfoundation.org
Best regards,
Titan
Luckycoin Developer
Huh, "...from 1 Satoshi and levels..."
No idea what this means. Is a "Satoshi" a unit of measure?So it sounds like LKY is just too wimpy for mining. Is it just a hobby shop project?
I'm in favor of eliminating LKY permanently and not just until Vern says Cryspy is ready to try again.
Of course, satoshis are the smallest bitcoin unit 0.00000001 BTC, for example LKY trades for 2900 satoshis per piece right now, or 0.00002900 ;-)
LKY is not trading at all. The market at Cryptsy is broken and you can't trade. Even worse, if you put an order you can't cancel afterwards. Those prices are meaningless.
For those who aren't aware, Cryptsy had a problem with their LKY wallet starting late November 20th. They only got around to fixing it on the 1st of December. Once their wallet was fixed, it had to catch up to 10 days worth of transactions. Since I believe many people who mine LKY quickly sell them using Cryptsy's handy auto-sell feature, all of a sudden they had 10 days worth of sell orders being put in rapid succession. I personally had 16 deposits all of about 100 LKY which were sitting in limbo. A few were sold at a reasonable price but with so many sell orders being put in and not enough buys, the price quickly tanked. Lucky for me, I caught and cancelled most of my orders which were at a ridiculously low price then disabled the auto-sell. Today I just sold 748 LKY coins at a price of 0.00003803 BTC. Back on the 20th of November (the last time I sold LKY coins before the Cryptsy wallet went down) I got 0.00000164 BTC. So as of today. LKY coins are worth 23 times more than they did before the whole Crypty debacle.
From what I can see, Cryptsy is all caught up and LKY coins can now be re-enabled on the multipool. It will probably be a while before it will be sufficiently profitable to mine anyways.