So did anyone manage to pinpoint the reason for the jump in price and volume on Tradesatoshi?
I've been looking for a review or announcement or anything. Nothing obvious is coming up. Normal gradual increases in interest don't usually resemble a pump.
I think that the last few days a lot of new people invited Genesis
And a few good investors ready and waiting for masternodes
Probably contributing factor. But the jump seemed to hit very quickly. Maybe there is a crypto blog somewhere that recommended genx.
Anyway seems to have settled down a bit now.
We had about 10-12 BTC total volume. It's just a few people buying up ready for MN implementation. The distribution of buy order was such that the price quickly rose to fulfill those orders.
Now that they have bought their coins, the price will invariably drop as people try to cash in. A 7x jump is not sustainable but something I imagine we'll far exceed once PoS and MN are implemented.
What is great to see, however, is the increased mining support as people are clearly investing hashrate to obtain MNs.
At this point its not worth mining unless you have a 1080ti and can afford the electricity. I mined 4K on my gtx1060 but once I saw I wasnt grabbing 200 coins a day I stopped and just bought 30K to add. Its cheaper and doesnt ruin your card. Now, if GENX offered CPU mining I have about 7 decommissioned servers that I can use to CPU mine. Right now they are smashing Wavi coin like champs.
edit - i never mined for 24 hours straight, maybe 12 hours per day to grab about 4K