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Someone is playing with the price. It seem to try pump it, but someone still dump.
I think after full POS this pump will be more successful.
I think after full POS this pump will be more successful.
Wait a while. We had a bottom at 1200, now we are slowly gaining momentum.
IMPORTANT:
After analyzing the current situation and opinions of the Community we have decided that we stop PoW phase in the MalibuCoin from block 61000. It will turn the coin to pure PoS. We hope that the introduced changes will be gladly welcomed by the Community. We hope it helps further development of the coin, stop the dump of mined coins and losses of the MalibuCoin Investors.
After analyzing the current situation and opinions of the Community we have decided that we stop PoW phase in the MalibuCoin from block 61000. It will turn the coin to pure PoS. We hope that the introduced changes will be gladly welcomed by the Community. We hope it helps further development of the coin, stop the dump of mined coins and losses of the MalibuCoin Investors.
Kudos dev for a brave decision.
Sales stopped. I think we reached the bottom. Now the change of the trend -> everyone is waiting.
Yes, hopefully we will go up now..
There has been coins that made it more successful after transition to pure POS, so this might be a good idea. Also take into consideration the POW with 0.1 MAL per block + POS as it is right now.
As previously - current minig profitability is at about 3500 satoshi (compared to Betarigs.com prices of rigs).
As previously - current minig profitability is at about 3500 satoshi (compared to Betarigs.com prices of rigs).
what happened with price? Why it so low? ;/
Dunno - dev activly working, community is well active..Mining cost is about 7-8k satoshis..
I say it is a test of faith because it has nothing to do with pure calculation..
Re: [ANN][SUPERCOIN] Unique Most Advanced Anonymous Trustless Multisig Technology
Is it true that super coin and mammoth coin dev is same?? 
Seems like this community takeover because of that. You need hashrate for that..New seeds.
As promised - a quick overview on the current mining profitability - we are at diff 150, with the current hashrate 1GH/S will mine 1450 MAL a day. That gives us the mining cost of about 17000 satoshi!
At difficulty 120 - a 1000 Mh/s will mine about 2500 MAL a day. Renting a rig costs about 0,25 BTC/1000 Mh/s . Added up = mining cost on diff 120 for MAL i 10 000 satoshi. Miners want to make a profit, so 10 000 is not really a high number right now.
That works if all around rent hash. Lots of miners still using own rigs and/or buckshee electricity etc.IMO this works always - even if Your mining cost is lower (lets say You have free electricity), You always want to maximize Your profit from mining.
If You can have Your rig rented for 0,25 - why mine something that gives You less? There are two options:
1) You anticipate that the price is going to rise and mine in advance (smart thing to do), but You will not sell at a loss, since You don't need to
2) You cannot calculate the costs and margins on minig and You sell coins mined at a high difficulty for less then the actual mining price, thus allowing the investors that bought the coins make the profit instead of You.
At difficulty 120 - a 1000 Mh/s will mine about 2500 MAL a day. Renting a rig costs about 0,25 BTC/1000 Mh/s . Added up = mining cost on diff 120 for MAL i 10 000 satoshi. Miners want to make a profit, so 10 000 is not really a high number right now.
The price of the coin does correspond to the cost of mining very well.
Today the cost of mining 1 MAL is about 4200 satoshi, but as the hashrate is constantly rising - it will be much more in the near future.
I will update the cost of minig of MAL, but I am sure that the cost will go to 10 000 satoshi next week.
Today the cost of mining 1 MAL is about 4200 satoshi, but as the hashrate is constantly rising - it will be much more in the near future.
I will update the cost of minig of MAL, but I am sure that the cost will go to 10 000 satoshi next week.