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Showing 20 of 280 results by crazy987
Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
well ok, personally i wouldnt be scared off as a miner, but would be interested in investing more ;p
i guess if ur happy with the current supply on sell side then it's fine. my idea is that if u reduce mining reward then the coin is free to make rise with new investment till it levels off at the relative diff/reward value. we do have a 50% premine making it's way to the markets already. the price would eventually rise up to and past the same value per coin, just each coin would be worth more. returns from mining would eventually be the same even though there is lower block reward.
i guess if ur happy with the current supply on sell side then it's fine. my idea is that if u reduce mining reward then the coin is free to make rise with new investment till it levels off at the relative diff/reward value. we do have a 50% premine making it's way to the markets already. the price would eventually rise up to and past the same value per coin, just each coin would be worth more. returns from mining would eventually be the same even though there is lower block reward.
I'm not sure that made sense, like at all.
why? do u think that price has to stick with miners? we could pump aur to $500 right now even if there were only 5 miners on the entire network. it really doesnt matter. when the price rises the miners will come.
e.g pump aur to .02btc now and you will see the network housing more than 10gh. pump it to .050 and you will see appearing on the network 50gh. miners follow profitability not the other way around. and investors hold stable coins longer than coins that steadily drop in value.
im saying, if the block rewards were reduced significantly enough then the coin instantly becomes more valuable as there is less dump coming to the market. when that happens, itll get bought up due to low supply at low prices and it will return to a value similar to current income per day even with lowered block reward. miners generally sell and not buy. few im sure even trade effectively to multiply the coins they hold. they just cashout to btc and maybe straight to usd.
my point.. u could not gain value on this coin without attracting more hash. i will state and you can quote me on that.. "it's impossible". if the price rises, the hash will come. the question then would just be how much of that hash wants to dump and how much prefers to hold more longterm.
If you reduce block reward you effectively reduce profitability too.
Keep that in mind
yup temporarily. but it will set a cap at the current price and guarantee a rise in value of the coin from new investors interested in the dramatic reduction of supply making the coin a superb investment opportunity for those who start buying at current prices. the sell value would then raise itself to a point where mining profitability is back to normal.
it may also encourage those who sold at higher value to buy back multiples of what they sold earlier, with the difficulty following suit being raised by the price and new hashpower. it would severely reduce the success of any person or group vindictively trying to hold down the price of the coin. if the icelandic ppl were smart, theyd all try to margin trade their coins to multiply how much they hold in possession from 31.8 to 63.6 etc.
either way this is a nice price for aur.. cheap ;0. im ok with whatever way you want to swing it. i am and will be a dedicated aur investor for the long haul. i suppose with the airdrop dumpers it is a good idea to keep the price low so we can get 30 aur for $100 from those that wish to sell. just my 2 cents. ive studied the markets for a long time. and just as i called the blackcoin rise.. im also going to call the spaincoin rise now since they have converted to nscrypt, reducing daily reward by 60%.. u can expect spaincoin to at least triple once the early miners have sold out their stock and only the n-scrypt miners have coins to sell.
Dont cut the mining reward.
Hell smartcoin did that and it effectively killed the coin.
Aside from the hardfork which killed the wallet, exchanges didnt change at the same time.
People who still had coins on the exchanged dumped them and the price fell lower.
My ill advice, dont do it.
Care to explain or are you only here for the one-liners?
Why don't you just ask the companies or developers to accept bitcoin on existing markets with a good player base rather than a new one?
the problem with that, is that its always fixed to the market-price.
If you want a full, independant currency, you have to stop that.
So i think its a good idea to do this, mainly because of the fixed price instead of market-changing price
Well, even with cpuusage 5 for me, the CPU load is still only 30%.
also time is hopping around a lot, from 20 to 250, but mostly hangning around 240-ish
This is running 2 R9 290x with a 8 core AMD CPU
However, no luck yet finding anything
also time is hopping around a lot, from 20 to 250, but mostly hangning around 240-ish
This is running 2 R9 290x with a 8 core AMD CPU
However, no luck yet finding anything
Re: Is anyone else concerned that 43% of the hashrate is from an unknown source?
The Antminer S2 finished production and is being shipped in China since a few days.
We should not under-estimate their mass-production capacity.
We should not under-estimate their mass-production capacity.
Well, there goes the diff another 20%
You are mining bitcoins with GPUs which no one informed today would be doing due to the massive difficulty in the current bitcoin network which is why no one's around to help any more. If you want to get back into bitcoin mining affordably, buy yourself a USB stick like the AntminerU2 instead which does 2GH for much less cost than your GPU and use your GPU for graphics the way it was intended.
OR try one of the other algo's like scrypt or scrypt-n.
For now, its still possible to mine those with a GPU
Re: April Fools Tomorrow- Let's see who the jokers and the suckers are
Can't the dev post some screen shot to show this is legit? Smells pretty fishy atm.
I'll let you know when i'm done syncing, however for now it looks legit