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

[ickyt2012]

I was referring to ~20 1btc orders which came in rapid succession.... but were removed immediately after I posted

Actually, I've just worked out that the pool revenue from blackcoinpool alone should be between 30-50 btc if their hashrates are right (and if I've got my terra's and giga's the right number of zeroes).

In fact, if it's pointed at Zedcoin right now, they're looking at the best part of a whopping 50 btc per day. I think I need to check my sums:

21,000 GH/s SHA256 and 3,000,000 (3 million) KH/s scrypt.

Anyone disagree ? If it's correct, say goodbye to all known sellwalls on Mintpal as from tonight.

Won't adding the massive hashrate cause the diff to jump and therefore give much lower rewards per day?

[toknormal]

My math says about 20 BTC per day at the current mining levels. Like others have pointed out this is far over the amount of BTC required to maintain price due to 1% inflation

Compensating for coin inflation isn't the problem with cryptos - only in a theoretical world where they are in established use.

The problem is maintaining the speculative value. That's something only the market can do. Since none of these coins are actually used for anything, they go up on speculative speculative investment and back down on lack of same. Nothing to do with coin inflation.

However, few of them have "got through" to the next phase of investment after the initial pump & dump. That's what the multipool could do for Blackcoin - help it bridge that gap and allow it a second chance at the 'pump' stage except this time based on fundamentals. Kind of like cold starting an engine with an external starter till it's self sustaining.

[IconicExpert]

I was referring to ~20 1btc orders which came in rapid succession.... but were removed immediately after I posted

Actually, I've just worked out that the pool revenue from blackcoinpool alone should be between 30-50 btc if their hashrates are right (and if I've got my terra's and giga's the right number of zeroes).

In fact, if it's pointed at Zedcoin right now, they're looking at the best part of a whopping 50 btc per day. I think I need to check my sums:

21,000 GH/s SHA256 and 3,000,000 (3 million) KH/s scrypt.

Anyone disagree ? If it's correct, say goodbye to all known sellwalls on Mintpal as from tonight.

Incorrect. We would have been broke 10,000 on Mintpal already. However, someone keeps purposely dumping cheap coins to drive the price down, and then the price is quickly pushed back up to give support. This has been going back and forth for over 24 hours. I have no idea why someone would want to do this, but all you have to do is carefully watch the sell orders and you will understand what I am saying.

[blade87]

Compensating for coin inflation isn't the problem with cryptos - only in a theoretical world where they are in established use.

It is for DOGE.

DOGE will come back eventually, especially once it enters the 5%/year phase, but DOGE is proof of what excessive coin inflation does. You can buy a DOGE today for 100 satoshi, and a month from now it might be worth 90-95 satoshi, yet total market cap would actually be higher.

MaxCoin = same problem. And as much I like MYR with it's multi-algo hashing, I too feel it is producing coins way too fast.

[toknormal]

Won't adding the massive hashrate cause the diff to jump and therefore give much lower rewards per day?

That's one of the clever things about the multi-pool because it's got the ability to switch coins in an instant and always targets the most profitable coin. Everything's taken into account including difficulty, hashrate, market price etc.

It might change the whole landscape of cryptos if the idea spreads because it could just scare away both miners and investors from any coing that happens to be targeted by the multi-pools. I don't know - this is one of the interesting things about this development.

[toknormal]

However, someone keeps purposely dumping cheap coins to drive the price down, and then the price is quickly pushed back up to give support. This has been going back and forth for over 24 hours. I have no idea why someone would want to do this, but all you have to do is carefully watch the sell orders and you will understand what I am saying.

Yes - I noticed that as well. I pointed it out in an earlier post and someone called me a "c*nt" for it    They must've thought I was just idle trolling. I wasn't - I was making this exact observation.

All the same, that can't go on forever. Their supply must run out at some point. It could just be a massive holder who's doing an interim profit take. The volume in general isn't that high so it wouldn't take a huge amount.

[johnngbluntzky]

However, someone keeps purposely dumping cheap coins to drive the price down, and then the price is quickly pushed back up to give support. This has been going back and forth for over 24 hours. I have no idea why someone would want to do this, but all you have to do is carefully watch the sell orders and you will understand what I am saying.

Yes - I noticed that as well. I pointed it out in an earlier post and someone called me a "c*nt" for it   They must've thought I was just idle trolling. I wasn't - I was making this exact observation.

All the same, that can't go on forever. Their supply must run out at some point. It could just be a massive holder who's doing an interim profit take. The volume in general isn't that high so it wouldn't take a huge amount.

i've seen this pattern going on for days, i'm pretty sure someone/a few people are accumulating. it's a good thing, it means some big holders believe in it's future, and it's still a complete uptrend on the max chart. there will always be accumulators, it's their intentions that matter. i think these guys are loading up for if/when marketcap explodes, not trying to keep prices down forever.

[IconicExpert]

However, someone keeps purposely dumping cheap coins to drive the price down, and then the price is quickly pushed back up to give support. This has been going back and forth for over 24 hours. I have no idea why someone would want to do this, but all you have to do is carefully watch the sell orders and you will understand what I am saying.

Yes - I noticed that as well. I pointed it out in an earlier post and someone called me a "c*nt" for it   They must've thought I was just idle trolling. I wasn't - I was making this exact observation.

All the same, that can't go on forever. Their supply must run out at some point. It could just be a massive holder who's doing an interim profit take. The volume in general isn't that high so it wouldn't take a huge amount.

Well whoever it is they have a lot of BC to sustain this kind of downward pressure. I made a joke to Soepkip earlier and asked him "who did they piss off"?. There are enough buy walls placed strategically so the price doesn't dip bellow 9000.

[XbladeX]

I was referring to ~20 1btc orders which came in rapid succession.... but were removed immediately after I posted

Actually, I've just worked out that the pool revenue from blackcoinpool alone should be between 30-50 btc if their hashrates are right (and if I've got my terra's and giga's the right number of zeroes).

In fact, if it's pointed at Zedcoin right now, they're looking at the best part of a whopping 50 btc per day. I think I need to check my sums:

21,000 GH/s SHA256 and 3,000,000 (3 million) KH/s scrypt.

Anyone disagree ? If it's correct, say goodbye to all known sellwalls on Mintpal as from tonight.

My math says about 20 BTC per day at the current mining levels. Like others have pointed out this is far over the amount of BTC required to maintain price due to 1% inflation.

count one more

2048 new BC day... * 0.000095 = 0,19 BTC !!! WTF
price can be 100x higher

[MuffinMaster]

Well whoever it is they have a lot of BC to sustain this kind of downward pressure. I made a joke to Soepkip earlier and asked him "who did they piss off"?. There are enough buy walls placed strategically so the price doesn't dip bellow 9000.

I mentioned earlier that even if the top wallet dumped everything the price wouldn't even drop 1000 sats.

Last 12 hours summery; Blackcoin rock solid at 9600 sats @ 600+ btc volume. Its not a question of who is selling, its a question of who is buying?

[Minerz]

Is Blackcoin mining worth it? How many coins would i make with my 1,5Mhs a day? Dont know what to mine anymore.Doge is useless,and Blackcoin seems very intresting.
I thought id give Blackcoinpool.com a chance.Im intrested how many coins i make a day?

[zwiggelbig]

Just noticed something:

https://asktom.cf/index.php?board=159.0;sort=replies;desc

We are #3 and the youngest coin in the top 10 of #of replies to a Coin ANN thread.

Poor poor mintcoin and ultra coin believers...

[Troj]

Is Blackcoin mining worth it? How many coins would i make with my 1,5Mhs a day? Dont know what to mine anymore.Doge is useless,and Blackcoin seems very intresting.
I thought id give Blackcoinpool.com a chance.Im intrested how many coins i make a day?

Estimated: 1,5MH/s  = 48.10776139 BC/24h = 0.0045 BTC

[zwiggelbig]

I was referring to ~20 1btc orders which came in rapid succession.... but were removed immediately after I posted

Actually, I've just worked out that the pool revenue from blackcoinpool alone should be between 30-50 btc if their hashrates are right (and if I've got my terra's and giga's the right number of zeroes).

In fact, if it's pointed at Zedcoin right now, they're looking at the best part of a whopping 50 btc per day. I think I need to check my sums:

21,000 GH/s SHA256 and 3,000,000 (3 million) KH/s scrypt.

Anyone disagree ? If it's correct, say goodbye to all known sellwalls on Mintpal as from tonight.

My math says about 20 BTC per day at the current mining levels. Like others have pointed out this is far over the amount of BTC required to maintain price due to 1% inflation.

count one more

2048 new BC day... * 0.000095 = 0,19 BTC !!! WTF
price can be 100x higher

I dont understand this? Explain

[MuffinMaster]

Is Blackcoin mining worth it? How many coins would i make with my 1,5Mhs a day? Dont know what to mine anymore.Doge is useless,and Blackcoin seems very intresting.
I thought id give Blackcoinpool.com a chance.Im intrested how many coins i make a day?

mining wont net you many coins, but if you can only mine its better then nothing.

that being said. I sold my 6mh rigs and bought more blackcoin last week... I think direct cash investment is worth much more then mining.

I still mine with 2x 280x's I have left though

Do you wish you could have minded bitcoin or litecoin and gotten 30-40 coins per day? same thing with blackcoin, not sure how it long it will last though.

[Minerz]

Is Blackcoin mining worth it? How many coins would i make with my 1,5Mhs a day? Dont know what to mine anymore.Doge is useless,and Blackcoin seems very intresting.
I thought id give Blackcoinpool.com a chance.Im intrested how many coins i make a day?

Estimated: 1,5MH/s  = 48.10776139 BC/24h = 0.0045 BTC

Thanks.I dont care about the price right now because idont dump my coins (anymore  ) Still it gives quite good btc/mhs.

[Minerz]

Is Blackcoin mining worth it? How many coins would i make with my 1,5Mhs a day? Dont know what to mine anymore.Doge is useless,and Blackcoin seems very intresting.
I thought id give Blackcoinpool.com a chance.Im intrested how many coins i make a day?

mining wont net you many coins, but if you can only mine its better then nothing.

that being said. I sold my 6mh rigs and bought more blackcoin last week... I think direct cash investment is worth much more then mining.

I still mine with 2x 280x's I have left though

Do you wish you could have minded bitcoin or litecoin and gotten 30-40 coins per day? same thing with blackcoin, not sure how it long it will last though.

Idont like putting my "real life" money to this hobby so im just mining because i have equipments ready and its practically free.+40coins doesnt seem very bad.going to mine blackcoin then

[dragonmike]

Do you wish you could have minded bitcoin or litecoin and gotten 30-40 coins per day? same thing with blackcoin, not sure how it long it will last though.

The difference is there weren't 250 altcoins out there already when BTC and LTC were trading at these levels...

Anyway, what's with the whole Blackout Wednesday thinggy? I haven't seen anything special happen so far?...

[KingSchultz]

Do you wish you could have minded bitcoin or litecoin and gotten 30-40 coins per day? same thing with blackcoin, not sure how it long it will last though.

The difference is there weren't 250 altcoins out there already when BTC and LTC were trading at these levels...

Anyway, what's with the whole Blackout Wednesday thinggy? I haven't seen anything special happen so far?...

I saw an article on Yahoo Finance: http://finance.yahoo.com/news/blackcoin-popularity-value-soars-due-110915981.html

Haven't really looked across the web, maybe there's more coverage out there today.

[Fraxinus]

Do you wish you could have minded bitcoin or litecoin and gotten 30-40 coins per day? same thing with blackcoin, not sure how it long it will last though.

The difference is there weren't 250 altcoins out there already when BTC and LTC were trading at these levels...

Anyway, what's with the whole Blackout Wednesday thinggy? I haven't seen anything special happen so far?...

The article is less then 7 hours released, what can you expect?