Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MEOW] KittehCoin Relaunch IS HERE!!!!
by
adamg
on 19/04/2014, 18:10:03 UTC
i dont think there is manipulator
there are sellers, demand, network difficulty/security

When buy and sell walls magically change at the same time, it's not just many sellers/buyers, there's a huge whale moving the walls..

It's very hard to market a coin and get enough buyers to increase the price when it gets raped mined and dumped on the market to the extent that it easily knocks down the price. Yesterday there was a few btc going on 5, I was buying it up so were others and more would keep coming onto the market, today there is 15 btc worth of meow for sale on 5 at cryptsy. This is the extent of the rape mining. This week alone 120 million kittehcoin have been mined and most of it - IMO - dumped onto the market.

Unless this problem is addressed quickly I fear that kittehcoin will be going the way of the dodo.

Is there not something that can be done to stop multipools from doing this? I was thinking setting up a miners against multipools where we alert miners to coins that are getting rape mined and they can join in mining that coin to neglate the rape mining. Would that help or is that stupid? I don't know a lot about mining.