You're not kidding.

I had some low buy orders in there, so I'm happy about that, but my god, someone's sold out a barrel-load here!

A dump of a few million coins. Incredible but true.

This has absolutely nothing to do with asics or mining algo. If you switch to Xnameanumber or SHAmany these figures switch to the same algo mine the coin and dump it.

I cannot imagine who wants to sell constantly at the lowest price, even if there is a gab between ask and bid. This is going on for 8 weeks or so.
I think it is the banking sector

Can we check someway if it is/are always the same person(s) who do this?

Added to this, if they get a lot of purchases they will give a 10% discount but I am sure if you ask for one they will give it aswell.

I am an ASIC miner.  I can't run GPUs out here in California, USA because we run on a tiered electric pay rate.  When I was running 8MH in GPUs, I was paying $0.36 a KW/H.  I had to go to ASICs to continue mining.

So basically you're saying you want to give me the middle finger because I chose to switch to ASICs to continue to be able to mine?  And all because you had a bad experience with another coin?

You keep spouting off at the mouth with all this anti-ASIC FUD, but I hate to tell you that most people now are mining with ASICs.  They're cheaper to buy, and cheaper to run.  Every new ASIC that lands on the NLG network is just securing the chain even more.

Honestly, WildWest... quit with the BS and spread the FUD elsewhere.

-Fuse

100% correct the only true protection from mine dumping is switching to FULL POS but POS is only a short term solution that only a few hands benefit. With POW it's a lot more decentralized and more people get access. The main reason coins are going to POS is to attract whales that can manipulate the market with PnD.
I would say give the coin 3 weeks, who knows what else the team has in store and maybe one day we will all thank the miners that are dumping out at these prices.

I see this messages:

"If you wish to use these virtual currencies just choose the form of payment via coin payments, the value of your purchase will be shown in all currencies that we accept as payment simply just choose the currency of preference and make the payment as reported after the choice."

These altcoins still lack integration with our payment platform coin payments because it uses them to follow the instructions below.

1 - Select your product and typically perform the registration on the site.

2 - Choose the way of payment via bank deposit.

3 - Leave us a message that you want to pay using one of the coins above it.

4 - After that send the value of your purchase already in the currency chosen and the address of our wallet.

5 - After the payment confirmation we will start the shipping of your product.

+1... weak hands mean cheap buys, and only time will tell what happens to coins.  You can't make rash decisions and major changes based on what you think will happen.  That would be like shooting everyone around you because one day they might turn into zombies.  I'd rather take my chances with the zombies.



I'd up the bounty if people wanted to get serious with something like this.  Say 300k NLG by the end of July?

-Fuse

What!! Fuse! tell me you're kidding about the zombies... I normaly kill everything thats whitin reach and now you're telling I should have waited?