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Showing 20 of 39 results by Dinthar
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Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin
by
Dinthar
on 10/03/2014, 05:18:15 UTC
16150    2014-03-10 05:35:06    TXFee    Confirmed    GNz...EFU3       n/a    0.10000000
16149    2014-03-10 05:35:06    Debit_AP    Confirmed    GN...EFUU3    8cced63d...594e9946    n/a    59.72361283
16094    2014-03-10 05:23:06    TXFee    Confirmed    GN...EFUU3       n/a    0.10000000
16093    2014-03-10 05:23:06    Debit_AP    Confirmed    GN...EFUU3    e085b92a...012208b0    n/a    72.39317668
15779    2014-03-10 05:07:01    Fee    Unconfirmed          2751    0.17761327
15778    2014-03-10 05:07:01    Credit    Unconfirmed          2751    35.52265400
15709    2014-03-10 05:06:07    TXFee    Confirmed    GN...EFUU3       n/a    0.10000000
15708    2014-03-10 05:06:07    Debit_AP    Confirmed    GN...EFUU3    64393079...b027fa9e    n/a    13.00559076
15348    2014-03-10 05:05:01    Fee    Unconfirmed          2746    0.22517453
15347    2014-03-10 05:05:01    Credit    Unconfirmed          2746    45.03490600
15272    2014-03-10 05:03:10    TXFee    Confirmed    GN...EFUU3       n/a    0.10000000
15271    2014-03-10 05:03:10    Debit_AP    Confirmed    GN...EFUU3    c137dcdf...b4628dfe    n/a    46.78530791
15230    2014-03-10 05:02:12    TXFee    Confirmed    GN...EFUU3       n/a    0.10000000


I am not receive yet !


 Huh Huh Huh

restart your wallet, connection prob hiccuped.

waltsmith


I restart 3 times ! Connection ok !

I've moved my miners off Supernova just in case they don't fix the problem. It's a pretty big issue if they're autopayment system is broken.

I also did not get paid by Supernova.
Post
Topic
Board Announcements (Altcoins)
Re: MANDATORY UPDATE: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 09/03/2014, 08:30:53 UTC
Reward increase starts very soon.  Now's the time to get in.
Post
Topic
Board Announcements (Altcoins)
Re: MANDATORY UPDATE: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 09/03/2014, 06:28:09 UTC
Excited about the relaunch.  It puts everyone on equal footing.
Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 06/03/2014, 20:04:38 UTC
  "Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
    the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
    be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
    potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
    the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
    Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period."

I think we're all forgetting the potential of day trading. Simply sell before the increase and buy back. We figured more people would catch on to this strategy. Mainly this system removes silly pump n dumpers and hoarders. So be smart people, trade it up.

"Simply sell before the increase and buy back."

A simple supply/demand curve supports that approach - block reward doubling increases supply ahead of demand and the price falls.  Unfortunately, crypto trading doesn't follow logic, because it's vulnerable to pumping and dumping and the "I need to get in on this" thinking that accompanies it.  More coins = more coins to utilize in pump and dump schemes, so when the block reward doubles, the value is more likely to go up than to go down.  By "selling before an increase and buying back," you're more likely to lose money than gain it.

The fact is, the large majority of miners are going to wait until a much higher or the highest block reward, assuming anyone still remembers the coin in 4-6 months.  In the meantime, current miners only have the hope that it will someday get big to continue mining it.  That hope will wear thin if a few block double dates pass and the price doesn't rise.  If nothing changes, I guarantee you that no one will be mining this coin in a month.  Six months in the crypto world is eons.

I don't see the logic in this, the number of coins is arbitrary. With a higher supply/income the value per Credit will decrease. Of course, there will always be risk in day trading but I don't see how it would deviate heavily from the expected outcome unless Credits gets pumped.

So what you're saying is that each reward doubling will drive the price down?  So why is anyone mining this until six months from now?  lol

Because if you actually actively day trade you can maintain the value of early mined coins, if you just sit and hoard they will lose value.

The ability to trade (sell) is contingent on there being buyers.  Why would anyone buy if what they buy is going to lose value every two weeks?

lol

Someone buying now could sell to someone trying to buy up before the price per Credit decrease so he can eventually sell to someone else. Never ending process, like all trading.

Haha, is that really your answer?  "You might get lucky and find a buyer who buys in just before what he buys loses half its value!"  Buyers aren't idiots.  Speculation is risky, but it's not dumb, and the scenario you're advocating here is contingent on irrationally dumb buyers.

Now that this block reward system has been outed as completely asinine, either fix it or your coin will be dead.  I'm done mining it at the end of the day if nothing changes.

I'm actually pretty embarrassed right now.  I should've given this some thought a few days ago.
Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 06/03/2014, 19:52:54 UTC
   "Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
    the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
    be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
    potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
    the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
    Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period."

I think we're all forgetting the potential of day trading. Simply sell before the increase and buy back. We figured more people would catch on to this strategy. Mainly this system removes silly pump n dumpers and hoarders. So be smart people, trade it up.

"Simply sell before the increase and buy back."

A simple supply/demand curve supports that approach - block reward doubling increases supply ahead of demand and the price falls.  Unfortunately, crypto trading doesn't follow logic, because it's vulnerable to pumping and dumping and the "I need to get in on this" thinking that accompanies it.  More coins = more coins to utilize in pump and dump schemes, so when the block reward doubles, the value is more likely to go up than to go down.  By "selling before an increase and buying back," you're more likely to lose money than gain it.

The fact is, the large majority of miners are going to wait until a much higher or the highest block reward, assuming anyone still remembers the coin in 4-6 months.  In the meantime, current miners only have the hope that it will someday get big to continue mining it.  That hope will wear thin if a few block double dates pass and the price doesn't rise.  If nothing changes, I guarantee you that no one will be mining this coin in a month.  Six months in the crypto world is eons.

I don't see the logic in this, the number of coins is arbitrary. With a higher supply/income the value per Credit will decrease. Of course, there will always be risk in day trading but I don't see how it would deviate heavily from the expected outcome unless Credits gets pumped.

So what you're saying is that each reward doubling will drive the price down?  So why is anyone mining this until six months from now?  lol

Because if you actually actively day trade you can maintain the value of early mined coins, if you just sit and hoard they will lose value.

The ability to trade (sell) is contingent on there being buyers.  Why would anyone buy if what they buy is going to lose value every two weeks?

lol
Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 06/03/2014, 19:45:31 UTC
  "Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
    the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
    be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
    potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
    the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
    Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period."

I think we're all forgetting the potential of day trading. Simply sell before the increase and buy back. We figured more people would catch on to this strategy. Mainly this system removes silly pump n dumpers and hoarders. So be smart people, trade it up.

"Simply sell before the increase and buy back."

A simple supply/demand curve supports that approach - block reward doubling increases supply ahead of demand and the price falls.  Unfortunately, crypto trading doesn't follow logic, because it's vulnerable to pumping and dumping and the "I need to get in on this" thinking that accompanies it.  More coins = more coins to utilize in pump and dump schemes, so when the block reward doubles, the value is more likely to go up than to go down.  By "selling before an increase and buying back," you're more likely to lose money than gain it.

The fact is, the large majority of miners are going to wait until a much higher or the highest block reward, assuming anyone still remembers the coin in 4-6 months.  In the meantime, current miners only have the hope that it will someday get big to continue mining it.  That hope will wear thin if a few block double dates pass and the price doesn't rise.  If nothing changes, I guarantee you that no one will be mining this coin in a month.  Six months in the crypto world is eons.

I don't see the logic in this, the number of coins is arbitrary. With a higher supply/income the value per Credit will decrease. Of course, there will always be risk in day trading but I don't see how it would deviate heavily from the expected outcome unless Credits gets pumped.

So what you're saying is that each reward doubling will drive the price down?  So why is anyone mining this until six months from now?  lol

From the Credit Marketing Mastermind: "Get in early!! With a higher supply/income the value per Credit will decrease!!  Each coin you mine today will lose value every two weeks!!"
Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 06/03/2014, 19:30:09 UTC
The value is low because every coin mined today is one-sixteenth as valuable as a coined mined at the block reward peak, assuming a static difficulty.  You need difficulty to rise 20% every two weeks (on average) to offset that.  The coin started at a net hashrate of about 1Ghash.  If the net hashrate isn't 16 Ghash by the six month, the current miners' coins will lose value.

If the net hashrate doesn't rise to 2.2 Ghash at the next doubling, an increase of 65% over the current rate of 800Mhash, the coin will be done.
Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 06/03/2014, 19:17:17 UTC
Something needs to change.  All the Credits mined so far, 4,388,348, are worth 9.22 BTC based on the highest SCX buy order.  That's a market cap of $5,882.36.  Total.  You're going to lose miners because there's nothing to be made here, and if you lose miners now, reward doubling will be meaningless in the future, because no one will be paying attention to the coin.

If you don't make a change to reward the people mining right now, your coin will die.  Period.
Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 06/03/2014, 18:42:25 UTC
   "Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
    the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
    be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
    potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
    the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
    Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period."

I think we're all forgetting the potential of day trading. Simply sell before the increase and buy back. We figured more people would catch on to this strategy. Mainly this system removes silly pump n dumpers and hoarders. So be smart people, trade it up.

My god, and this is coming from a coins dev?

It's really disconcerting.  I've been on this since launch, but I may drop it.
Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 06/03/2014, 18:41:06 UTC
   "Now, for the inner investor in us all. What happens after this inflation period? The block reward will lower by 6x(1130) the average(6800) for
    the next two years, that's a 6x or more increase in value. If you managed to properly reinvest your Credits into the latter periods when the block rewards would
    be especially high, you could be looking at a 13x return. Subsequently we will see a halving to around ¤560 and then finally ¤280. We're talking about a
    potential outcome of 52x, and that's if factors such as difficulty and services don't rise, but we've clearly done our best to ensure that. With that said,
    the previous figures are likely child's play compared to what the future holds. In summation, mining longer will not only bring you more wealth in
    Credits but it will increase your return margin as early mined Credits are more likely to become inflated over the 6 month period."

I think we're all forgetting the potential of day trading. Simply sell before the increase and buy back. We figured more people would catch on to this strategy. Mainly this system removes silly pump n dumpers and hoarders. So be smart people, trade it up.

"Simply sell before the increase and buy back."

A simple supply/demand curve supports that approach - block reward doubling increases supply ahead of demand and the price falls.  Unfortunately, crypto trading doesn't follow logic, because it's vulnerable to pumping and dumping and the "I need to get in on this" thinking that accompanies it.  More coins = more coins to utilize in pump and dump schemes, so when the block reward doubles, the value is more likely to go up than to go down.  By "selling before an increase and buying back," you're more likely to lose money than gain it.

The fact is, the large majority of miners are going to wait until a much higher or the highest block reward, assuming anyone still remembers the coin in 4-6 months.  In the meantime, current miners only have the hope that it will someday get big to continue mining it.  That hope will wear thin if a few block double dates pass and the price doesn't rise.  If nothing changes, I guarantee you that no one will be mining this coin in a month.  Six months in the crypto world is eons.
Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 06/03/2014, 18:21:18 UTC
This coin is dying on the vine.  In theory, an escalating block reward is a good idea, but for most people (i.e., the serial coin hoppers), there's no reason to mine it until the block reward nears its peak.  That harms early adopters, because the block reward right now is just a fraction of what it'll be then.  Anticipated difficulty isn't enough to bridge that gap.

I would halve the number of scheduled block reward increases and make them twice as frequent.  That toes the line between having a basis to insert new life into the coin (reward doubled!) and not completely screwing the people like me who have stuck with it up to this point in the face of waning interest.

The other problem with this coin is that the block reward is incredibly discouraging in the face of a statement that there will be 20 bazillion coins overall.  Anyone who doesn't take the time to actually read the thread sees DOGE-like total coin figures against a block reward in the hundreds, thousands, or low tens of thousands max and thinks, "Well, I missed the boat, I won't bother with this."

Most ppl forget the diff. As soon the bigger blockreward kicks in, the diff will rise, so is the number of miners.

Right now with low blockreward only few are mining and stacking coins. With more diff + more miners = the number of coins you get for your hash drops.

Ppl complaining now, and they did it in our chatbox clearly say:
"F*ck this coin! I want coins now, sell, make money and next coin, thats what we want......"

Sad but true
Mike

It's presumptuous and, frankly, a bit silly, to assume that the difficulty will double with each block reward doubling.
Post
Topic
Board Announcements (Altcoins)
Re: CREDITS: Marketplace ¤ Custom Wallets ¤ FAIR ¤ KGW
by
Dinthar
on 06/03/2014, 16:56:43 UTC
This coin is dying on the vine.  In theory, an escalating block reward is a good idea, but for most people (i.e., the serial coin hoppers), there's no reason to mine it until the block reward nears its peak.  That harms early adopters, because the block reward right now is just a fraction of what it'll be then.  Anticipated difficulty isn't enough to bridge that gap.

I would halve the number of scheduled block reward increases and make them twice as frequent.  That toes the line between having a basis to insert new life into the coin (reward doubled!) and not completely screwing the people like me who have stuck with it up to this point in the face of waning interest.

The other problem with this coin is that the block reward is incredibly discouraging in the face of a statement that there will be 20 bazillion coins overall.  Anyone who doesn't take the time to actually read the thread sees DOGE-like total coin figures against a block reward in the hundreds, thousands, or low tens of thousands max and thinks, "Well, I missed the boat, I won't bother with this."
Post
Topic
Board Announcements (Altcoins)
Re: ¤CREDITS: Marketplace - Custom & Android Wallets - FAIR - No multipools - LAUNCH
by
Dinthar
on 03/03/2014, 18:46:11 UTC
I always enjoy it when someone decides to launch a coin in the middle of the work day in the world's largest crypto market and then screws it up.  Horay for scheduling a miner to start at the time the devs said the OFFICIAL pools would be ready!  Horay for losing an entire day of mining!

What a waste.

How clueless do the devs have to be to screw the OFFICIAL pools up?  In hindsight, I'm glad I won't be wasting $2 in electricity on this failure-in-motion.

http://cr.bamboohouse.info

This pool works perfectly and has been up for 30-40mins.

I'd use amDOGE's pool if I were at home, but I'm not.

Then wait, one day isn't going to impact you. Read the "FAIR" segment of the thread.

I'm having trouble mustering a lot of faith in a coin whose developer didn't think to test launch and (or on the off chance they did test launch) couldn't get one of four OFFICIAL pools ready in time to actually support the launch.
Post
Topic
Board Announcements (Altcoins)
Re: ¤CREDITS: Marketplace - Custom & Android Wallets - FAIR - No multipools - LAUNCH
by
Dinthar
on 03/03/2014, 18:42:56 UTC
I always enjoy it when someone decides to launch a coin in the middle of the work day in the world's largest crypto market and then screws it up.  Horay for scheduling a miner to start at the time the devs said the OFFICIAL pools would be ready!  Horay for losing an entire day of mining!

What a waste.

How clueless do the devs have to be to screw the OFFICIAL pools up?  In hindsight, I'm glad I won't be wasting $2 in electricity on this failure-in-motion.

http://cr.bamboohouse.info

This pool works perfectly and has been up for 30-40mins.

I'd use amDOGE's pool if I were at home, but I'm not.
Post
Topic
Board Announcements (Altcoins)
Re: ¤CREDITS: Marketplace - Custom & Android Wallets - FAIR - No multipools - LAUNCH
by
Dinthar
on 03/03/2014, 18:40:52 UTC
I always enjoy it when someone decides to launch a coin in the middle of the work day in the world's largest crypto market and then screws it up.  Horay for scheduling a miner to start at the time the devs said the OFFICIAL pools would be ready!  Horay for losing an entire day of mining!

What a waste.

People can mine right now, there's multiple pools available.

The official pools will be fixed soon enough for those wanting to donate for Credits development

Those of us with jobs have to schedule CGWatcher actions to start mining at launch when a NEET dev decides to launch mid-day on a Monday (lol).  One would expect the OFFICIAL pools to actually function at launch.
Post
Topic
Board Announcements (Altcoins)
Re: ¤CREDITS: Marketplace - Custom & Android Wallets - FAIR - No multipools - LAUNCH
by
Dinthar
on 03/03/2014, 18:39:22 UTC
I always enjoy it when someone decides to launch a coin in the middle of the work day in the world's largest crypto market and then screws it up.  Horay for scheduling a miner to start at the time the devs said the OFFICIAL pools would be ready!  Horay for losing an entire day of mining!

What a waste.

How clueless do the devs have to be to screw the OFFICIAL pools up?  In hindsight, I'm glad I won't be wasting $2 in electricity on this failure-in-motion.
Post
Topic
Board Announcements (Altcoins)
Re: ¤CREDITS: Marketplace - Custom & Android Wallets - FAIR - No multipools - LAUNCH
by
Dinthar
on 03/03/2014, 18:36:14 UTC
I always enjoy it when someone decides to launch a coin in the middle of the work day in the world's largest crypto market and then screws it up.  Horay for scheduling a miner to start at the time the devs said the OFFICIAL pools would be ready!  Horay for losing an entire day of mining!

What a waste.
Post
Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin | Launch 02MAR14 | IPO Available
by
Dinthar
on 02/03/2014, 22:08:51 UTC
Holy hell how many coins is many? I've got 2.8 million and counting

67 million
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZEIT] ZEITCOIN -- 100 MIL GIVEAWAY! - EXCHANGE AT LAUNCH POS/POW 2 HRS
by
Dinthar
on 01/03/2014, 05:44:40 UTC
dedicatedpool was a bit of a nonstarter. And I couldn't connect with hashstrike even though the pool appear to be up and running. Now with hashrate.eu but it shouldn't have taken 25 minutes to mess around and find a working pool. Can't help feeling I've missed out now... Undecided

One of the many people who missed out due to Undedicated Pool.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ZEIT] ZEITCOIN -- 100 MIL GIVEAWAY! - EXCHANGE AT LAUNCH POS/POW 2 HRS
by
Dinthar
on 01/03/2014, 05:34:47 UTC
I'd stay a mile away from Dedicated Pool if this launch was any indication of how they run things.