Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept
by
Nullu
on 31/03/2014, 13:48:18 UTC
Quote from: maardein on March 31, 2014, 01:12:28 PM
Quote from: Nullu on March 31, 2014, 12:41:35 PM
Quote from: ctenc001 on March 31, 2014, 11:48:20 AM
Quote from: maardein on March 31, 2014, 10:46:34 AM
Quote from: ctenc001 on March 31, 2014, 10:31:41 AM
Quote from: Allepisodes on March 31, 2014, 03:36:41 AM
Quote from: Nullu on March 30, 2014, 02:33:33 PM
Quote from: Allepisodes on March 30, 2014, 04:40:23 AM
Quote from: Ait on March 30, 2014, 03:51:34 AM
Quote from: Allepisodes on March 30, 2014, 03:31:23 AM
Hmm Found a Few blocks with my Antminer i just got with nothing in them 0.00

Is the pool up and running now?

Pool is still in testing mode a few things are still not working right

but in my last post i was testing out solo mining when i found the empty blocks in fact i got 5 empty blocks



It's because I've turned off my block rewarder. The price of PMC is so low now that I'm debating what should be done. I'm keeping an eye on things for the moment.

Although saying that, I've just checked the block explorer and there are some pretty high volume blocks on the network, so something's happening.


ok now i ran it all day today found maybe 12 blocks and they are all empty to is that possible even with your script turned off? seems odd that the whole day not 1 block has anything in it. im starting to think my miner might might have some problem
there was only about 30 trades on poloniex in the last 24 hours. its believable that you found that many empty blocks since all you mine is transaction fees.

Yeah, we should ramp up the amount of trades a bit Smiley
price has gone up nearly 100% over the last 24 hours as well though! Its amazing how little trade volume it takes to double the price of PMC.

Unfortunately the inverse is also true; it takes very little to also halve the price. The coin needs more volume for more stable pricing.

I wish I had like 1 BTC to play with, it would be possible to influence the price like crazy Smiley

A friend of mine purchased 0.7 BTC worth a couple of weeks ago, and it did push the price up. Then someone dumped, and the price came down.

The problem is that we need significant volume, and right now all altcoins are being dumped, so nobody is willing to buy. All altcoins are in this predicament, not just PMC.