Quote from: xfear on March 23, 2014, 05:40:28 PM

the problem now, is that a normal rig of 6 gpus is generating around 700k coins each day, if u get lucky and solo mine almost 1 million

and that is too much volumen for 1 person to control, so he can sell 1 million coins for 3 satoshis, and get 0.030 profit, more than 1.2 litecoin per day, while mining on litecoin directly, u get 0.7 litecoins ( with a rig of 6 gpus = 4000mh of work utility )

for that reason the coin is going low, becouse at 3 satoshis its too profitable

my last 3 hours of solo mining : http://i.imgur.com/Y9N6OZJ.jpg , now multiply those 3 hours per 8 ( 24h/3h ), how many coins can u get in one day with my luck?, And I'm minning with 2 mh only in this coin

P.D : I will be mining only one week or so, and later i will hold my coins 1 month or so, until the market gets stable, and the price rises a lot, thats my strategy with each coin, and now im focusing on nfactor coins, because i think it could be the future, maybe i win in some coins, and maybe i lose in others, but i get fun meanwhile Cheesy

P.D2 : Although I will only mine 1 week, I will be around here a lot of time ifthe devs let me post in their genesiscoin post Cheesy

So what we need to do with this coin, is to get people involved with this coin, they must believe in this coin, and they must mine in this coin, so the difficulty rises, and the profit gets down, and then the price rises, thats what must be done

Yes, we need more and more miner. That will help GenesisCoin develop.

P/S: Pool.mn: please keep your primise to make the miner happy.