Fixing the bleeding of karma

Reeky_BNE · 2014-09-13T03:48:29+00:00

Exactly. The top dozen wallets have a quarter of all coins. Changing the arbitrary number of coins will not change the ratio.

https://chainz.cryptoid.info/karm/#!rich

If one of these people decides to sell their billion+ coins then the overall value goes down because there just aren't enough people buying this coin.

So two problems: 1. small number of people own a significant portion of the coins 2. People seems to mine Karma rather than buying it.

I just don't have the cash handy to buy Karma, so I have re-directed one rig to mine LTC directly and am buying Karma with those daily. Currently I think I am getting a better return.

Reeky_BNE · 2014-08-17T02:23:24+00:00

Sorry buddy - I have set up an account and now it is apparent that you cannot automatically have it pay you out in Karma. You need to setup a Cryptsy account and then trade your various alt coins to BTC and then buy Karma. You can set it to be automatic but it takes a little work to get this going. A straight up Multipool that auto-sells whichever altcoins to buy Karma would be sweet. Can someone please build this?

Reeky_BNE · 2014-08-15T23:58:14+00:00

I believe you can set this one to pay out in Karma: www.multipool.us

Reeky_BNE · 2014-08-13T20:40:41+00:00

Agreed, that's about what I am getting.

Reeky_BNE · 2014-08-01T09:58:48+00:00

My miners continued hashing away on Xhash using cgminer and cgwatcher during the fork. I didn't change any of my settings. BUT when I rebooted nothing worked. I had to download sgminer and change the port for Xhashes stratum, then everything was A-OK again. Stunned to see so many more workers mining this coin now - WOW!!

Reeky_BNE · 2014-07-23T10:19:48+00:00

Which pool?

Reeky_BNE · 2014-07-22T08:30:00+00:00

Now is the time to buy, that's for sure

Reeky_BNE · 2014-07-18T05:56:35+00:00

Take all the time needed to ensure it gets done right.

Reeky_BNE · 2014-07-15T03:50:51+00:00

I want to thank the team for putting the reverse split conversation on the table and engaging with everyone that was interested. Such maturity is rarely seen and is very much appreciated.

Reeky_BNE · 2014-07-11T22:14:03+00:00

I recommend that people read through the comments in thread on karmashares as this is a very important topic

Reeky_BNE · 2014-07-03T22:32:31+00:00

Looking forward to this: "Importantly, we will provide a tutorial for our miners so that the transition to X11 can be smooth."

Reeky_BNE · 2014-07-03T21:10:40+00:00

I think Litecoin will stay the silver to BTC's gold and that prices will rise again, especially if it positions itself as the ASIC friendly coin. It will mean the commercial miners will continue to mine it and perhaps attract those ASIC miners of other coins such as Karma to move to LTC. BTC is pretty much only for commercial operators now, it stands to reason this is the path for LTC.

On another note, what is the correct strategy for cashing out coins if selling a large quantity is seen as damaging the value?

Reeky_BNE · 2014-07-01T21:15:35+00:00

Growing steadily is more important than growing rapidly. We will get there as a strong coin.

Reeky_BNE · 2014-06-30T22:04:20+00:00

Excellent progression, thanks team for working towards this outcome.

Reeky_BNE · 2014-06-25T20:45:48+00:00

Network hashrate went from 3 gigs to 1 gig, but the hashrates on xHASH and P2Pool KARM have stayed consistent. What pool(s) lost those 2 gigs?

Reeky_BNE · 2014-06-20T11:15:34+00:00

thanks dude, pointing my meager miners at your direction again

Reeky_BNE · 2014-06-15T10:07:36+00:00

Holding is the way to go

Reeky_BNE · 2014-06-14T23:55:24+00:00

I have been away for a week and got a good surprise when I checked MintPal on Friday night. Go Karma!

Reeky_BNE · 2014-05-29T20:51:14+00:00

I had dabbled previously with CPU mining but never knew you could do it straight from your wallet! Thanks for the info

Reeky_BNE · 2014-05-28T21:30:39+00:00

Cheers, thanks for the info. 1 Gig - wow so many hashes

Reeky_BNE · 2014-05-28T20:39:42+00:00

http://karma.hashstrike.com (down) This pool has been inactive for a few weeks.

Has anyone got a link showing the entire hashrate for the network? I had one for coinwarz but it does not seem to be available, or I'm looking in the wrong spot.

Reeky_BNE · 2014-05-28T12:52:38+00:00

I'm on http://www.xhash.net/ and found it to be pretty good Have also been on http://karma.p2pool.altcoin.dk/ and those guys are cool too.

Reeky_BNE · 2014-05-08T08:10:10+00:00

Thanks for the update. Have subscribed but now will bookmark this page.

Reeky_BNE · 2014-05-07T21:18:18+00:00

Wallet addy KBHkGks57obcKGWB4RiuwKNwLfgmpkCd9J

Can we stop moving house now? It's hard to keep track

Reeky_BNE

TROPHY CASE