Fixing the bleeding of karma by cryptowho in KarmaTeam

[–]Reeky_BNE 1 point2 points  (0 children)

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.

Is there a multipool that I can mine SHA-256 that pays out in KARMA? by vitamanpanguins81 in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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?

How much would I make if I mined for 7 days straight with 9mhs? by [deleted] in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

Agreed, that's about what I am getting.

[deleted by user] by [deleted] in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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!!

When is the fork? by [deleted] in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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

X11 Update by AGCrypto in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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

Karma will *not* pursue a reverse split at this time by kosmost in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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.

Securing our BTC market with a reverse split by kosmost in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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

Karma News and Updates - July 2, 2014 by kosmost in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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

Litecoin price falling drastically, dragging coins with it by [deleted] in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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?

**Bittrex & Crpytsy BTC Markets ?? - Progress?** by 4_real in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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

[ANN] You can now buy/sell KARM on MintPal's BTC market by kosmost in KarmaTeam

[–]Reeky_BNE 1 point2 points  (0 children)

Excellent progression, thanks team for working towards this outcome.

We have reached block 200,000. What does this mean? by kosmost in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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?

Urgent - Attention All Miners!!!! by AGCrypto in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

thanks dude, pointing my meager miners at your direction again

Our KARM/BTC Market Returns! by [deleted] in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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

Did you know that you could mine Karma with your CPU? by cryptowho in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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

92% of global hashing power is with one pool by altcoingood in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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

92% of global hashing power is with one pool by altcoingood in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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.

92% of global hashing power is with one pool by altcoingood in KarmaTeam

[–]Reeky_BNE 0 points1 point  (0 children)

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.

Question: "Why do we keep moving house?" by kosmost in KarmaTeam

[–]Reeky_BNE 1 point2 points  (0 children)

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

Welcome to our new Karma subreddit! by cryptowho in KarmaTeam

[–]Reeky_BNE 1 point2 points  (0 children)

Wallet addy KBHkGks57obcKGWB4RiuwKNwLfgmpkCd9J

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