[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[rygamble]

One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.

Don't forget about there just not being any more mine-able coins in less than a week.

[Soepkip]

what happens after block 5000 ? diff decrease ? or what? pos and something else ?

PoS should start working.

[Jabulon]

One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.

Not sure I follow your logic as far as price-discovery. The mere fact that a coin is increasingly hard to mine does not make it more valuable. Market demand does. Now if you say difficulty reduces supply, you'd have a partial basis. But again, scarcity alone does not create value if it is not met with demand.

[ScroogeD]

Here's my logo suggestion.

We all know that the theme of the coin is rather dark/black. I think it has to be something simple, but unique to please the masses.
Hence I would suggest a total solar eclipse with a corona surrounding the sun. As you might know a solar eclipse occurs, when the moon passes between the sun and earth. As the community is always shouting the famous "to da moooon", this might also fit.
It looks powerful and shows strength. I hope you like it.

PS: Unfortunately my image editing skills are very limited, so somebody has to reform my application. Different shades, fonts, colours. Thx.

[BitcoinStacker]

One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.

Don't forget about there just not being any more mine-able coins in less than a week.

If all coins are mined this coin will be very rare

[Jabulon]

Here's my logo suggestion.

We all know that the theme of the coin is rather dark/black. I think it has to be something simple, but unique to please the masses.
Hence I would suggest a total solar eclipse with a corona surrounding the sun. As you might know a solar eclipse occurs, when the moon passes between the sun and earth. As the community is always shouting the famous "to da moooon", this might also fit.
It looks powerful and shows strength. I hope you like it.

PS: Unfortunately my image editing skills are very limited, so somebody has to reform my application. Different shades, fonts, colours. Thx.

Unfortunately when I look at this, by instinct I squint and fear retinal damage.

[brokedummy]

Does anybody know how many coins Wesley Snipes is dumping today?

[ezvm]

One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.

Not sure I follow your logic as far as price-discovery. The mere fact that a coin is increasingly hard to mine does not make it more valuable. Market demand does. Now if you say difficulty reduces supply, you'd have a partial basis. But again, scarcity alone does not create value if it is not met with demand.

Less than 24 Hour Volume:
175.274 BTC

And that's only on Mintpal, sounds like there's more than enough demand to me 

[rygamble]

One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.

Not sure I follow your logic as far as price-discovery. The mere fact that a coin is increasingly hard to mine does not make it more valuable. Market demand does. Now if you say difficulty reduces supply, you'd have a partial basis. But again, scarcity alone does not create value if it is not met with demand.

I see difficulty more as a result of demand. High difficulty is derived from network hashrate. There wouldn't be a very high network hashrate without demand, because anybody mining it wouldn't be making money in comparison to mining other coins. Therefore, difficulty probably is a pretty good indicator of demand. Not to mention the price increase.

[Jabulon]

One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.

Not sure I follow your logic as far as price-discovery. The mere fact that a coin is increasingly hard to mine does not make it more valuable. Market demand does. Now if you say difficulty reduces supply, you'd have a partial basis. But again, scarcity alone does not create value if it is not met with demand.

Less than 24 Hour Volume:
175.274 BTC

And that's only on Mintpal, sounds like there's more than enough demand to me 

Indeed, looks very encouraging. Let's hope demand rises, on top of the slowing rate of increase in supply. Demand can also dry up. We don't know yet how this will play out.

[SackofBits]

Does anybody know how many coins Wesley Snipes is dumping today?

is he holding a lot?

[brokedummy]

Does anybody know how many coins Wesley Snipes is dumping today?

is he holding a lot?

Yes, he mine from day one I think.

[TheGer]

Anyone know how to unlock the wallet?

[demologic]

BC: B4Vb69Ug8abgwLavRBKGqrw62UMqTjrTD2

[Jabulon]

One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.

Not sure I follow your logic as far as price-discovery. The mere fact that a coin is increasingly hard to mine does not make it more valuable. Market demand does. Now if you say difficulty reduces supply, you'd have a partial basis. But again, scarcity alone does not create value if it is not met with demand.

I see difficulty more as a result of demand. High difficulty is derived from network hashrate. There wouldn't be a very high network hashrate without demand, because anybody mining it wouldn't be making money in comparison to mining other coins. Therefore, difficulty probably is a pretty good indicator of demand. Not to mention the price increase.

I don't entirely agree. The kind of "demand" you speak of is not entirely rational and market-based, nor necessarily sustainable. There is a large element of miner-speculation, and that could go south if the pay-off disappoints. Many are mining it just to follow the herd.  

[dominik375]

'stake miner suspended due to locked wallet ' how to remove this ? how to unencrypt wallet?

[SackofBits]

Does anybody know how many coins Wesley Snipes is dumping today?

is he holding a lot?

Yes, he mine from day one I think.

im scared

[Jabulon]

'stake miner suspended due to locked wallet ' how to remove this ? how to unencrypt wallet?

You DON'T unencrypt. Just unlock.

[rygamble]

One thing to consider is that over half of these coins are going to be mined at 400+ difficulty. That alone puts that half at a minimum value of 2500 satoshi if you consider 0.01 BTC/MH/day as the multipool profit benchmark (anything higher is considered a mine and dump). This could coin go well beyond 5000 satoshi and even go up to 10000 sat, considering it seems to be forming a nice base around ~2700 right now and difficulty continues to rise making each new coin worth more and more based off difficulty to mine alone.

Not sure I follow your logic as far as price-discovery. The mere fact that a coin is increasingly hard to mine does not make it more valuable. Market demand does. Now if you say difficulty reduces supply, you'd have a partial basis. But again, scarcity alone does not create value if it is not met with demand.

I see difficulty more as a result of demand. High difficulty is derived from network hashrate. There wouldn't be a very high network hashrate without demand, because anybody mining it wouldn't be making money in comparison to mining other coins. Therefore, difficulty probably is a pretty good indicator of demand. Not to mention the price increase.

I don't entirely agree. The kind of "demand" you speak of is not entirely rational and market-based, nor necessarily sustainable. There is a large element of miner-speculation, and that could go south if the pay-off disappoints. Many are mining it just to follow the herd.  

Just because it's not rational doesn't mean it's not real demand. Look at the tech bubble, the housing market, etc. The price and difficulty are set by the market. I'm not saying the demand couldn't disappear rapidly, but it's certainly there right now. I'm just going to make sure to recoup my initial investment plus some before it gets too risky. Then sit on the large remainder of it and see what happens.

[TheGer]

How to unlock for newbie please