Re: ★█ Zeitcoin Movement █★ [ZEIT] POW/POS ★BOUNTIES★ Join Our Thriving Community!

i have a theory, what if we caused the drop in value because less people mined, creating a feedback loop of miners willing to sell lower and lower as they got more coins from lower difficulty?

I think we should try increasing the network hashrate to 10Gh/s and see if a rise in value follows from miners holding their coins until more profitable to sell.

explain a bit more please?

by giving up on mining our coin, we left it to those who seek profit only, increasing the amount of coins they get by lowering difficulty, thus increasing the amount of supply on exchanges
what if we tried to reverse that, get those who seek profit off our coin and reduce the amount of coins individuals get for better distribution, would we see less coins on exchanges?

so start mining again? it makes sense to us who have 10's of mills for that to happen, im in.

i will throw my 10Mh/s back at it

we need a community effort to test this

Soz guys, my feeble 1.3Mh/s is staying on VertCoin Sad

For one, I'm not convinced by this strategy - or even how you'll know if YOUR efforts have changed anything.

For two, I need as much ammo as I can get for Z-28:03

we will know, if the network hashrate stabilizes back to profitable levels, we know those not part of the community have left, if not we will be able to measure the impact of this lower profitability over time on the market.

I think it makes sense, more distribution, less dumpers, higher target price in miners mind for profitability.

ZION! lets show them our might, i dont want to make more then 1/5 of what i normally make, so 1Mh/s on ZEIT will get me 0.0014BTC/day
MAKE IT SO

i have a stock of ammo ready for friday