I guarantee everyone if the devs reduce the block rewards to 25 coins every ten minutes we will hit 20,000 by the end of the day and it will stay there this time and keep climbing.
You're basically saying turn KDC into a clone of Catcoin (though with an even smaller block reward).
Today's exchange volume for CAT across its primary exchanges: 11,295 CAT (or roughly 5 BTC)
Today's exchange volume for KDC across its primary exchanges: 169,843 KDC (or roughly 10 BTC)
Just by those metrics alone, I'd say KlondikeCoin is arguably the more successful coin as it is. And once again, Catcoin has been "fixed" a couple of times already. All your proposed fix would do is make the current KDC holders "rich" and leave a lot of pissed off new KDC coin holders, and drive off miners completely.
Look at the buy orders at coinmarket.io.... its at .32 of a btc
I think we need to try and get added to cryptsy so we can have at least some new buyers... Almost every new coin has taken a dump in the past day or so thanks to mt.gox we just need to keep adding new likes to the support ticket for KDC on cryptsy.
Take a look what happens when a coin gets added to Cryptsy. they added atleast 4 last week. then rethink.
haha It looks about the same as it is now... at least then mining them would be a better profit
They have all jumped down i value
Anyone who does their research on Cryptsy will see that we need buyers to eat up the gap from 4000-100k satoshi for a huge exponential rise. It will take only a few whales (even one whale) to start a pump above the sell walls up to 100k. Most coins fall AFTER hitting Cryptsy, we need buyers though so KDC has a lot of potential (maybe the most potential) to have one of those massive price increases. The dumping is as bad as it's going to get already (there are literally no buyers) therefore being exposed on Cryptsy seems like it will be beneficial despite what happens to many other coins that get on Cryptsy.
yeah I agree with you its kinda hard to pick apart KDC about anything in particular when its such a new coin and the while altcoin market is taking a dump. I was just thinking that cryptsy might help in the long run with the amount of KDC being mined per day.
I think we need to try and get added to cryptsy so we can have at least some new buyers... Almost every new coin has taken a dump in the past day or so thanks to mt.gox we just need to keep adding new likes to the support ticket for KDC on cryptsy.
Take a look what happens when a coin gets added to Cryptsy. they added atleast 4 last week. then rethink.
haha It looks about the same as it is now... at least then mining them would be a better profit
I think we need to try and get added to cryptsy so we can have at least some new buyers... Almost every new coin has taken a dump in the past day or so thanks to mt.gox we just need to keep adding new likes to the support ticket for KDC on cryptsy.
I ran the numbers on some of the other newer coins to compare the value of new coins released per day (values converted to btc)
Hopefully this will help alleviate some of the concerns from the members that think an absurd amount of new coins are being minted every day.
KDC: 110k coins @ 0.000055btc = 6.05btc / day DOGE: 720million coins @ 0.00000198 = 1427btc / day MEOW: 14.544million coins @ 0.00000033 = 47btc / day CAT: 7200 coins @ 0.0003568btc = 2.56btc / day USDe: 6.2million coins @ 0.00000125 = 7.75btc / day Noble: 7.2million coins @ 0.00000115 = 8.27btc / day TIPS: 3.6billion @ 0.00000001 = 36btc / day VERT: 28.8k @ 0.005639 = 162btc / day
I ran these calculations fairly quickly so if someone wants to double check my numbers feel free.
**Note for CAT** I may have missed something on that number. They claim in their post that 7200 coins are released per day but that would mean they should have about 400k in circulation at this point when in reality they have over a million coins in circulation. Not sure what is causing the discrepancy.
look at the buy support on those though we have none given how much is being mined and dumped there are just not enough people still wanting this coin to keep up. That is why with the help of the mt.gox BS this coin's price is going to crap fast... You can only throw so much at new buyers before you run out.
If i'm not mistaken then ONLY 110880 coins are being mine every day, that is at current level ONLY 7.76BTC!!! This is NOT a lot when you compare it to other coins...
For those that think 110,880 coins per day is a lot. 14,400 HBN 28,800 LTC 48,000 ICN 110,880 KDC 152,279 WDC 1,440,000 USDe 11,520,000 DGB 14,400,000 EAC 720,000,000 DOGE
the number mined per day compared to the total coins.... its still a LOT!!! 0.00012% per day HBN 0.00034% per day LTC 0.00555% per day KDC 0.0009% per day USDe 0.00054% per day DGB 0.00106% per day EAC
the actual numbers 0.012% per day HBN 0.034% per day LTC 0.555% per day KDC 0.09% per day USDe 0.054% per day DGB 0.106% per day EAC
If i'm not mistaken then ONLY 110880 coins are being mine every day, that is at current level ONLY 7.76BTC!!! This is NOT a lot when you compare it to other coins...
For those that think 110,880 coins per day is a lot. 14,400 HBN 28,800 LTC 48,000 ICN 110,880 KDC 152,279 WDC 1,440,000 USDe 11,520,000 DGB 14,400,000 EAC 720,000,000 DOGE
the number mined per day compared to the total coins.... its still a LOT!!! 0.00012% per day HBN 0.00034% per day LTC 0.00555% per day KDC 0.0009% per day USDe 0.00054% per day DGB 0.00106% per day EAC