Quote from: anarchyx914 on June 06, 2014, 03:07:28 PM

Quote from: Unassorted on June 06, 2014, 02:45:11 PM

Quote from: anarchyx914 on June 06, 2014, 02:14:16 PM

Quote from: Unassorted on June 06, 2014, 01:27:27 PM

Quote from: cloudboy on June 06, 2014, 01:13:04 PM

Why doesn't this coin have an exchange? I've been solo mining for a couple of days, would like to know how much these coins are worth...

This coin doesn't have an exchange because it isnt even 3 days old yet. I see the validity of having the coin on an exchange but from a value point of view the coin not being on an exchange is a good thing at first. After PoW phase ends is when we should be pushing for an exchange with the plan on having the coin on one sometime next week. That would be the best option.

The coin needs an exchange now when people can get some with their own hardware and not have to spend BTC to buy. No one is going to invest in a coin that is un-mineable that offers no special features and does nothing to separate itself from every other coin being launched. If the coin isnt on an exchange before POW ends it will die.

I often invest BTC in coins that are truly innovative and that offer something different. This coin does neither of those, and the only way it will get popular is buyers/investors for it on an exchange.

POW 3 days was a good idea assuming it got added to an exchange within first 24 hours, its looking like a terrible idea now.

You guys have to remember, its people willing to invest in a coin that assign a BTC value to a coin and that buy up your coins. A coin with no innovation, that isn't currently mineable, and can only be bought with BTC creates little to no appeal for investors. Especially when there are 10-15 other coins with similar specs, pos interest, and features that are already more established that have bigger mining communities and initial supporters.

I see what you are saying and I agree with you on most of the points you are hitting on. That being said, not every coin that was PoW for a few days and then PoS went on an exchange(decent sized one at least) during the PoW phase. I'd rather not use CINNI as an example again but I also wouldn't want to spend a ton of time looking up more examples of different coins like this. CINNI was on Bittrex and Poloneix on the last day of mining for the coin. After that it was a week and then it hit Mintpal. What did CINNI bring to the table that was innovative? What has any coin other than new algos and anonymity introduced anything new and innovative though? Right now, out of most of the threads that I have read on here, XHC is the only coin that I have seen that people haven't been spamming "Scam Coin!" or "Pump and dump coin going to fail!" I can't say for certain that this wasn't in the original thread because those posts might have been deleted but just that alone is what made me personally give this coin a try. Sure, for some people that would be a good enough reason to add value to the coin but what about for others? We have All seen, and are still seeing, the success of DRK. With XHC having the anon factor being added(news sometime later today) shortly after launch puts this coin ahead and back on track for what BTC was originally about, decentralization. I'm giving this coin a shot regardless of if its on an exchange today or not because it has a growing community as well as a somewhat more active dev in the forums than other coins. Not being on an exchange right away isn't a huge deal breaker for me but for others it is and that is what they look for in a coin and I understand and respect that but to automatically expect a coin to be on an exchange the day or or after it launches is frankly absurd when it used to take a month or more for that to happen.

Cinni had a much bigger mining community. Our nethash rate is comprised of 4/5ths Renters @ nicehash.com. Our community is very small.

One thing that could prove me wrong is a rich list, lets see the actual distribution of the coin. I bet about 1/3rd of it resides in just 4-5wallets. Our community needs to grow, and getting on bittrex and people seeing prices can inspire them to mine.

xHash has 3.3GH of mining across only 200 miners. That means every miner would have to have almost 10.5MH which I doubt they do. almost 50% of that 3.3GH is rentals. xhash controls over 50% of the hash rate, so at most the coin maybe has 500-600 miners total. Small community.

Taking the top 3 miners from xhash, i bet 2 of them are renting hash @nicehash.

1      rapid   1,022,832   18     782,221.667
2      anonymous   449,597   34   343,834.184
3      anonymous   126,959   1   97,093.413

xHash isn't the only pool though that has a big hashrate. pool.mn on the first day consisted of most of the hash rate of the entire network and now it is half of the network with 301(at the time of replying) miners over 3GH. Nicehash has allowed it for people to put massive amounts of hash onto a coin that is true but we will have to wait and see how the distribution panned out later today when PoW ends.