Umm, i think an explanation is at least needed to raise the price of your bot FIFTY-ONE times higher overnight.
Or maybe a heads up?
What gives... ?
325.00 exn to 16,600 exn.. what?
been mining for a week and now i cant even buy a single session?
Umm, i think an explanation is at least needed to raise the price of your bot FIFTY-ONE times higher overnight.
Or maybe a heads up?
What gives... ?
325.00 exn to 16,600 exn.. what?
been mining for a week and now i cant even buy a single session?
I'm not one who likes to whine.
You just devalued your currency and it will never peak ever again.
As the difficulty rises, it's harder to get coins, what you did is basically telling those who don't have dedicated miners to fuck off, because instead of taking 3-5 days to buy a key, it now takes 1 month. No one in their right mind would want to mine. So what do they do? They buy the key with real money, why mine a currency that has lost it's value. Basically on the exchange you let random 5-6 or even 1 person set the starting exchange, and then ran with it as a reasonable exchange, I don't know how that method of thinking is right. Why not just cancel the coins? oh wait you want long term, 2-3 years down the road. You want keys badly? Can't mine? Well back to the old drawing board, EXN coin lost value why mine it( and people leave mining, people don't want to start mining). Well gotta buy the keys with real money now. Basically we're told there is no hope in EXN and we'll see 2-3 years where this goes. I won't be around for that long, and new competition will pop up. Good luck.
P.S. I don't care about raising the EXN, as long as it's reasonable. From a business perspective, jacking the price to over 50 times it's original shows; Greedy, and most of all, we have to deal with it or leave.
Probably people selling keys for $12 and using EXN to pay for them. That surely cant help devaluing the product by a massive %
So your telling me the biggest bot market in the world got taken down by one person turning a profit?
That seems a little unstable.
Lets do some math:
If someone averages 500 hash. Most people cant even get this rate to begin with.
And the difficulty is .60 like it is now (which is extremely low and will only go up)
They will mine around 1,100 EXN per day.
So in one month they will have about 33,000 EXN
Power consumption for this mining is around $40-$60
So i have to run my Miner a month to save.. $20-$30 ?
I get raising it.. but thats obserd.
I adjusted the prices now, instead of C-Cex ones, EXN is around 3 cents in our system.
Once C-Cex or any other exchange has a stable base, we will still go back there.
prices dropped to $0.01/EXN yesterday