Ive stopped mining tbh, as every alt coin ive mined has steadily gone down since hitting markets, i hoped Pot would be different.
Last i checked after electricity i would make £115 a year mining pot, i can make more than that botting world of warcraft for gold.

That is not untrue for me though, i have stopped mining potcoin. That doesn't mean i am not holding and buying, i am just mining other coins to get potcoin with. Which i don't see as a bad thing, if enough people have enough interest to mine the coin so hard, given the amount of hash on the coin it is severely undervalued. It will either fade into obscurity, or rise to be a king. I am leaning more towards the latter, but in this world of uncertainty ya can never be too sure.

I beg to ask the question, what value do people hope to see with potcoin? I see three or four years from now being able to grab a gram with a potcoin, of course i estimated that price to be @ 5 bucks a gram whole sale when it is legalized and booming.

BTC was around for YEARS before it was anything substantial, and really, it's fame and notoriety is due to the silk road. You know btc had commodities backing it, hard drugs and murder and such, those things all have established values as they have been around a while.

When they get dispensaries and such to back the coin, more and more will hop on, the price will steadily climb. That is what i am hoping for. If i am wrong, i will just move on and try my hand at another thing. I certainly won't piss and moan and demand answers because i failed to use due diligence before investing. That is just how i grow as a human being though, accepting my failures as my own and trying to not make the same mistakes in the future. Novel idea, some should give it a go.


 

Hey POT'ers,

Just a reminer, our pool is: http://www.hasher.ca

Low fee PROP reward system
DDoS Protected
High Performance Backend
Simple setup and usage, no account registration or email addresses
Paid directly to POT address after block confirmation.
Auto ProfitSwitching Ports (coming soon, currently testing)

To mine:

Username: your POT wallet address
Password: anything
URL (vardiff): stratum+tcp://stratum.hasher.ca:3544

Cheers and Happy Hashing!

At this point there are over 90 million potcoins out and 907K are mined everyday; the coin has just passed 100 days since launch. The demand by users has not started to begin to draw coins out of the mining and speculators hands and into users wallets and it may never. But if it does, people who bought coins at the current price of a third of a cent are going to be very happy and those selling them will be kicking themselves.
Marijuana is big business that has a challenge with all the cash that comes in and right now there are no good alternatives (retail stores are paying people and the percentage to change cash to money orders that at least can be mailed). Bitcoins take an hour and a half before you can move the money on. Just try and get bitcoins into your Cryptsy account instantly to use them to see how long it takes before they are ready to make purchases. If Potcoins can achieve a critical mass of use they solve several problems:
1. Immediate secure anonymous transactions that a store can verify and send on to their growers, or a driver can accept via phone and send a payment back to their supplier.
2. Reduced robbery risk with reduced cash and the ability to immediately move payments so store wallets don't even have to have large balances. Users also don't have to carry around all that cash when making purchases.
3. Avoiding a federally regulated banking system that considers state-legalized and even medical marijuana criminal at the federal level.
Where it all needs to start is what the devs are working on: getting retail outlets to accept the coins. Given the hassle, risk, extra labor required to guard and convert cash, and the percentage to change cash to something like money orders, stores could probably offer 10% more pot if you pay with potcoins and not be out. But then even after stores accept the coin, there needs to be an incentive for buyers to show up with coins not cash.
Rather than focusing just on the price we need to show the clear advantages -- Show people how a marijuana delivery guy can avoid having thousands of dollars in cash and make fewer trips by paying suppliers remotely. Show how stores can stop paying for a full-time person to go back and forth with cash to money orders all day.
We need to make the benefits of using potcoins clear.

None of which is an issue, as long as the coins become more useful over time. If in a year from now we are at the same exact place, then yes, perhaps something may not be right.

Antsy for what? Immediate profits on their coin? This is not the place for that. Gosh golly, it is only legal in how many states? It is a work in progress, the industry, let alone a crypto being targeted for this yet to be industry. The amount of coins shouldn't really dilute the current value all too much. There is no magic about it, they are not the reserve, there should never be more than 420 million coins, no? So, we can establish a value based purely off that if we really want to. I think they call it speculation? I believe it is how most of these coins derive their value to begin with.

I actually purchased some incense, using ltc, through coinpayments after browsing through their merchants. It was not difficult, of course there is some type of button to choose which payment options you want, i think you are talking about more shopping cart type stuff on the merchants end?

I would like to see them kinda do a one size fits all, where all the coins they accept are all the coins their merchants accept. I get that allowing merchants to pick and choose creates this illusion of control for the merchant, but if the service acts as a middle man that takes the coins, then sells or "buys" them from the merchants and gives the fiat to the merchant, why not just force all merchants to accept all coins?

I do not disagree with you. The huge issue is managing to sustain potcoin at a price that people do not mind spending it at. You need to figure out your cost of hardware and electricity and blah blah blah to find out what it cost YOU and then figure out if what you are trading your coins for has the same value to you.

Been mining for a 3 months. not too profitable.
http://i243.photobucket.com/albums/ff122/paladin64/light_zpsadda8e6b.png

The people bashing are not long term people. Heck I was one of the pioneers and I don't remember many of the names that are bashing besides a few of them. Heck I would be a lurker, then start talking lots of crap to make it look like I did something. I would ask these people bashing for their detailed post and whatnot from the beginning to see if their bashing has much merit in them or is it just "I didn't make big $$$$ so I say blah blah blah....
If anyone cares to read my post, thats fine but I am just saying the bashers need to be investigated to see if they hold as much merit as they claim.

its suppose to be a long term investment, this isnt day trading penny stocks.  i mean you can do it that way but the best way to make solid money and a return on the investment is to buy coins and wait at least a few months... and you will make money.   

potcoin has longterm plans and we have a vision of what the community wants and needs. Adoption if the most important thing and the main reason we created this coin. 

HELP THE CANNABIS INDUSTRY TRANSACT DAILY, SECURELY, EASILY VIA CRYPTO CURRENCY SOLVING THE PROBLEM OF DEALING ONLY IN CASH AND BANKS NOT WANTING TO DEAL WITH THEM.  Once it becomes adopted then the price of the currency will get to where is needs to be and everyone can profit from it. 

stop thinking about how much money you can make today or tomorrow and think about how much money you could make if you only sold in 6 months or a year....

this is coin will be at 1$ by 4.20 next year not matter what happens...  and im going to say at least 10 bucks.

what do you guys think?

You're joking, right?

Bitcoin has 21 million coins maximum hardcap.

POTcoin has 420,000,000.

Bitcoin has the entire planet, 7+ Billion People as an addressable market [and a massive head start - plus an ultra secure network which only 4 alt coins posses].

POTcoin will never be more than a niche market planet, albeit, this niche market is a multi billion dollar market.


So think Market Capitalization and run your numbers again.