So, another pump n dump shitcoin? Seems, these days, that the best test of "Is it a Pump N Dump Shitcoin?" is "Is it on IPOMiner?"
Whatever this coin is...this thread if full of fucking whiners. It would literally cost you
.02 btc to have 250mh/s on this coin for a few hours and you fucks cry about not being able to keep up with rentals. You think you are competing with whales that have 1000's of btc on rental? YOU AREN'T. You are just stuck in some mindset that your home rigs should make you rich or earn you bundles of dollars everyday.
Guess what...ANYONE CAN RENT RIGS...SO MAYBE FUCKING DO IT TOO.
meaning that the coin is not worth investing in on the markets since investors prefer to rent hash rather than actually buy the coins on exchanges. what is the point of that? not to dump? ok fine.. we'll rent hash and dump. sounds like a plan for a valuable stock item.
It's not on an exchange...that is the whole point dude. Your point is completely void considering you can ONLY mine this coin right now.
You rent with expectations not guarantees.
And yes...you can rent to NOT DUMP. People did it with ShadowCoin, BitCoinDark recently.
If it is cheaper to rent something than is on an exchange what person in their right mind would buy overpriced coins on the exchange?
Either way...nothing you say has any validity as this coin is not valued yet. It seems you think this is already on bittrex and people are dumping it.
Seriously guy...what are you thinking? How else do you get coins that are not on an exchange?
so ur saying you want us to count on those rented hash miners that they wont dump? yeah ill believe it when i see it. good luck with your 70% of all coins.
No I am saying why are you complaining about renters when that is the only way to get coins right now? Seriously...how do you expect a coin to hit an exchange if there is zero interest and the only people mining are with tiny home rigs?
is that interest though? generating 100gh between what? 10 users?
ull get on the exchange.. and then what? get removed from bittrex a month later? good plan.
First...that is an exaggeration. The network is at 70 gigs with only 1 person above 1 gigahash renting on dedicated.
Second...the coin hitting an exchange is giving the coin an opportunity to grow or even function in the first place.
OR we can go
your route. No rentals...only tiny miners on coin. It doesn't hit an exchange from fear of it being delisted a month later and the coin never gets to place to expand it's user base at all. And the only people that have coins at all were those who decided to risk mining this for zero profit rather than just mine DarkCoin or some other x11 coin that you can sell.
In summary, your argument isn't based on what is actually happening with the coin and hashrate and you think coins should not get a chance to distribute via exchanges because the coin will just die in a month anyway.
I don't want to hijack this thread with our discussion so I am just gonna leave it here.
Take care.
well i never said 'no rentals' but i still think they should be within reason. but think about it. if this discussion gets more users to rent 1gh then it will be healthier for the coin
the problem is that we, as potential investors, cannot be sure that all those anonymous accounts arent owned by the dev and team. or even just one person renting a collective 30gh. meaning they will be taking the majority of coin and could just dump on the market. considering the pattern seen on crypto-markets.. this is most likely going to be the case if you do not get more users to mine, whether small or large. usually i mine AND BUY if i can get some coin through the mining process. if i dont think im getting a fair share via mining process i dont buy, and dump first chance i get for a decent return. always seems to be a wise decision. im obviously not the only one that does this.
if you big hashers hold and sell in small amounts and allow the buy book to grow the coin will increase in value and not be abandoned by investors. if u keep dumping and suppressing the market it will eventually get frustrasted and be abandoned also. if every decent btc buy order that pops up gets snatched it signals that investors arent interested and just want to exit.
those will be my closing words on the topic. you can consider it some friendly advice both for community and dev. i did manage to mine some coin, but i will be observing the market behavior before i commit to buy any on the exchange.
If you are in the United states...you seem like the same type that want's me to only have a magazine capacity for my guns that is ridiculously minimal...as you say something within reason.
Its a free market, the market dictates larger hash now to be competitive! Its the direction I am going. I would love for my 20Mhs rig to be competitive still, but its not.
actually no.. im a libertarian. hope that clears that up.
im just saying this.. and its not rocket science.. if everyone rents less hash.. guess what happens.. u get relatively the same amount of coins as if you rent 10gh and cause the diff to rise harshly. so spend less money get same amount of coins on low diff. the problem happens when a few ppl raise the diff ridiculous and smaller miners get pushed out of profitability while u reduce urs, but still enough to make a good profit. it is mathematics. but do whatever you guys want.
