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My 5 Favorite Coins Under $5 Million Market Cap and Why - Full Analysis

*Note: This article was copied from my medium article and then formatted for Reddit. For the best reading experience please read on medium. However, I wanted to format it for reddit so people could read it here on Reddit if they preferred. *
 
In this article, I will be sharing with you my 5 favorite coins that are currently sitting under a $5 million market cap. Before we get into things, I first want to cover all of my bases and say this is not investment advice. Please do your own research before making any investments. The coins I will be sharing are much riskier investments, so make sure to #DYOR.
 
Please keep in mind that these are all very risky investments and are not your $100 million + projects. These are high risk and high reward projects that will require you to do your own research. These investments aren't for everybody, but I wanted to share with you my thoughts on these coins.
 
Please follow me on Twitter for more updates, articles, and my thoughts on various other crypto related topics.
 
 

1. EquiTrader (EQT): $3.6 Million Market Cap

This is my favorite project that is currently under a $5 million market cap. EquiTrader is a social platform for traders where they can share their ideas and get rewarded by the community. EQT comes equipped with trading charts, indicators, trading tools and other features which will make it easy to make technical analysis. You will also have the ability to shadow other traders and make automatic trades based on what they do.
 

Why I Like EquiTrader

There are a lot of reasons why I’m bullish on EQT, the main ones our outlined below:
 
Perfect Product for Crypto
 
Having a social platform where traders can share their investment analysis and then get rewarded is a perfect concept for this market. I think that a lot of the major crypto influencers will get on this platform and utilize it, which will then in turn help EQT get bigger. Once the platform is up and running the “crypto OGs” will do a lot of the heavy lifting when it comes to marketing because it benefits them too. I’m a big fan of any crypto project where their main audience is the crypto market. This is an easy foot in the door and will allow the project to gain traction much quicker. I think EQT will do this as well.
 
Recently Acquired by a Major Crypto Influencer
 
It was recently announced that EquiTrader was acquired by Aluna.Social, which is a company owned by Alvin Lee (https://twitter.com/onemanatatime). Having a big player behind the platform will be extremely beneficial once the platform is launched and he can start promoting it. Plus this adds a lot of credibility behind the project as well. I’m a BIG fan of this news.
 
Many Upcoming Catalysts on Roadmap
 
Public release of the EQT platform is planned for Q4 of this year and I’d expect a lot of traction to start at this point. In Q1 of 2018 they will release the iOS and Android apps, Q2 the beta of the social trading platform will be released (huge news) and then in Q3 the social trading platform will be released to the public. We have at least a whole year of upcoming catalysts that will all have a major impact on the price.
 
Currently Only Trading on Coin Exchange
 
At this point you can only buy EQT on Coinexchange.io. It was listed on Cryptopia previously but when they did a coin swap they were removed. Why is this a good thing? The EQT team is in discussion with Cryptopia to be added now that the swap has been completed. Once this happens I’d expect a major pump. This will happen very soon so the major discount that EQT is currently trading at probably won’t last long.
 
Proof of Stake: 30% per Year Returns
 
As mentioned above, they recently did a coin swap and went from a PoW chain to a PoS one where you can get 30% annual returns from staking. This is an awesome return. I have already seen some great returns from staking.
 

What I Don’t Like

The biggest complaint I have about EQT is the small issue and delay they have had doing the coin swap. Before the coin swap they told everyone to move their coins to CoinExchange.io and the swap would happen automatically, which worked great for those who followed the instructions. However, there are a lot of people that didn’t do this and now they are having to manually swap these coins. This has caused a long delay in terms of being relisted on Cryptopia, which in turn has hurt the price. This isn’t a huge deal, but it is a small complaint I have.
 

Investment Potential

With a lot of catalysts on the roadmap until 2019, the potential of EquiTrader is hard to predict. However, I think a 10x from here, which would make the market cap only $34 million, is a very real possibility within 3 months. Even after a 10x, I still think it could get closer to $75 million before it would be getting close to what I think it should be valued at. As you can see, I think there is a lot of room for EQT to grow and I’m expecting it to do just that.
 

2. Hush (HUSH): $1.1 Million Market Cap

Hush is a very, very close second when it comes to my top 5 favorite projects under $5 million market cap. This project might have the most potential out of all of the coins in this list too. Hush is an anonymous coin that utilizes the Zerocash protocol that is forked from Zcash. There are quite a few Zcash forks out there, but this is the best one in my opinion (and the cheapest). It is a fairly new coin that launched in July 2017 so there have only been a few months worth of development.
 

Why I Like Hush

There is a lot to like about Hush and the reasons are explained below.
 
One of the Best Anon Coins
 
Hush is a fork of Zcash but without the founders reward, which is the only major knock of Zcash. So without the founders reward it becomes a top notch anon coin tech wise. There are other Zcash forks out there, but none of them are sitting at this low of a market cap, which creates a huge opportunity for Hush. A very similar coin to Hush is ZenCash, which currently sits at a $14 million market cap, is another Zcash fork without some of the features of Hush. Combine all of this with the major pump all anon coins have been going through lately and Hush is looking prime.
 
Great Team
 
One of the members of the Zcash dev team, David Mercer, is now the lead dev for Hush. This is huge. Not only is he the lead dev but he is also working full time on Hush, which means all of the promised features on the roadmap will have a good shot at being completed. Along with the lead dev, there are 6 total team members. The size and talent on this team is practically unheard for a coin with such a small market cap. This is a major reason for me being bullish. I know that this team will get things done, which is all you can ask from a team.
 
Counterparty on Hush
 
This is the biggest reason I like Hush so much. They are planning on porting Counterparty to Hush and this will allow people to create Counterparty based assets with the security of Hush. They are also planning on having these assets being compatible with Ethereum smart contracts. These are killer features that make Hush a unique project.
 
Only Trading on Cryptopia
 
At this moment the only place to purchase HUSH is on Cryptopia. The Hush team has confirmed they have been in contact with Bittrex and I don’t think it’ll be long before they are added. Take advantage of it being only on Cryptopia before it gets added to other exchanges, once that happens the price is going to take off.
 

What I Don’t Like

The major knock on Hush is their marketing. They are not putting much effort into spreading awareness. Their reasoning behind this is that they feel like they don’t have a finished product to market yet and that good tech will eventually win out. I like seeing a team that prides themselves on the tech of their project, but at some point they are going to have to start marketing it. Marketing plays a huge role in crypto. With all of that being said, I’m not complaining because it gives me more time to accumulate at these low prices. The only way people find Hush is from actually doing their own research. You won’t find it being shilled much on twitter because no one really knows about it. This will probably be changing in the near future.
 

Investment Potential

The $1.1 million market cap it is currently sitting at is almost funny. I can’t believe it is so low. This coin should be sitting at an easy $10 million market cap SOLELY based off of what the project currently is. Factor in some of the upcoming features such as the Counterparty port and a standalone HUSH messenger and I think Hush could be worth at least $50 million in 6–12 months, if not higher. The reason I say it could be higher is because of the dev team. I’m very confident in the team and believe that in 12 months from now they will be working on features that will blow the current features out of the water.
 

3. Tokes (TKS): $1.8 Million Market Cap

Coming in at 3rd in my top 5 is a coin called Tokes. I’m a big fan and this is one of my long term plays that I think will be worth a ton in a few years time. This isn’t going to be a 10x coin in 2 months, but in 2 years it very well may be a 100x coin. Keep that in mind while reading. Tokes is a Waves based asset that is geared towards the marijuana business. They are looking to help businesses handle their money and provide a better payment solution for both consumers and businesses. They are also doing a few other really interesting things in this space and I will explain why I like Tokes in the next section.
 

Why I Like Tokes

Tokes is a coin based around the marijuana business, but it does much more than the other pot coins out there. Tokes is looking to actually solve real world issues in the marijuana business and has partnerships with major players in their area. I will touch more on all of these things, but I want to make ti clear this isn’t just a “pot currency”.
 
Provides a Fiat Gateway
 
A major issue for marijuana businesses is that they are forced to operate as a cash-only business due to the federal laws that make banks not want to work with them. This is a major problem within the cannabis industry and Tokes is trying to solve this by creating a fiat gateway. Tokes allows for cash to be converted to TKS and vice versa so that it can stored electronically without the need to carry cash around. They also offer no fiat volatility risk because of their pegging system. This means that the $100,000 of cash they turn into TKS will remain $100,000 when they withdraw it. This is a major issue that is being solved by Tokes and gives their project immediate value and use cases. Keep in mind that this is something they are working on implementing and hasn’t actually been developed yet.
 
Major Partnerships Secured
 
Tokes is located in Las Vegas, where marijuana laws are some of the most lenient, and they have been hard at work building relationships and partnerships with the marijuana businesses in that area. Some of their partnerships are as follows:
 
Pisos: A dispensary in Vegas that is their first partner in their pilot program Herbology Tours: Tokes purchased a 10% ownership stake in this company. More on this in a minute. Cannabis Delivery Startup in California: Payment integration into their mobile app
 
Tokes purchased a 10% ownership stake in a Las Vegas cannabis tourism company and this has a couple of really cool benefits. First, it gives Tokes a foot in the door with a marijuana company where they can start integrating and testing their system. Second, it’s a great way to get their name out there and start spreading awareness. This will go a long way to help both consumer and business adoption. The last major benefit of this ownership stake is that they will get 10% of all of the revenue from Herbology Tours, which will be used to help grow Tokes. This revenue will also be used as a way to potentially buy and burn coins (more in the next section).
 
Revenue Used to Burn Coins
 
Tokes plans on getting into other aspects of the marijuana business and portions of this revenue will possibly be used to buy and then burn the coins, thus decreasing the supply. The revenue that they generate from their 10% ownership stake in Herbology Tours will also be used to burn coins. Im a big fan of coins that burn their own supply and the markets go crazy when this happens (See $TRIG and $DAR). It’s worth noting that they are planning on burning coins with revenue, but it is not 100% concrete yet.
 
Great Roadmap
 
Their roadmap extends all the way into Q4 of 2018, which is good to see. There are also a lot of good things to look forward to and a lot of catalyst that should help the price increase along the way. Check out the roadmap here
 

What I Don’t Like

The biggest issue I have with Tokes is their supply problem they have. Currently, there are only around 960k in circulation out of the total supply of 50 million (according to Coin Market Cap). The founders currently own the remaining ~40 million tokens. The good news is they are actively trying to solve this issue and release these tokens in a way that won’t hurt the price. One of the main ways they hope to remedy this situation is by putting all of the tokens in a smart contract and distributing it during a 3 year period. You can read more about their plans here.
 
I’m not a big fan of the current supply issues, but I think the founders are on the ball on this issue and will figure it our without too many problems. Investment Potential I really like the fact that Tokes solves a real issue by providing a store of value for cannabis businesses and allowing them to move away from cash only operations. This has so much value. Combine that with their current partnerships, pilot program and their upcoming roadmap and Tokes looks like a real good long term investment.
 
Where Tokes could really see their value skyrocket is after they get a foothold in Las Vegas and establish their name in the cannabis industry, they will be the first company other cannabis companies call once their states become legal. Like I mentioned before, this is a longer term play but could be huge in a few years time. In the short term, I think they could easily get to ~$25 million just based off of continuing to lock in partnerships, releasing their mobile app and solving their supply issues.
 

4. SmartCash (SMART): $2.5 Million Market Cap

Coming in at 4th on my list is SmartCash. SmartCash is a fork of Zcoin, but it has a some of the same features as Dash along with a few unqiue twists that makes this coin very undervalued. The coin itself was started less than 3 months ago, so the project itself is still very new.
 

Why I Like SmartCash

Any anon coins right now that haven’t pumped yet are of interest to me. It seems like everyday a new anon coin is pumping and the fact that SmartCash hasn’t yet is appealing. Not only has the coin not pumped yet, but it has a super small market cap and is a better coin than the majority of the other anon coins out there. Aside from it being an anon coin, the following reasons are why I like this project.
 
Insane Staking with SmartRewards
 
This is a major reason for this coin being in my top 5. They have a cool feature called SmartRewards which is a way for people that hold their coins in their wallet to get rewarded. The only requirements are that you must have at least 1000 coins and hold them for at least a month, starting on the 25th of each month. For example, you transfer 5,000 coins on September 16th then you would be rewarded on October 25th. Since this coin is so new, there has only been one completed round of payouts so far. During this first round each person eligible made 400% returns. Example, if you had 1,000 coins in there then you would have been paid 4,000 coins!
 
400% is insane and for this second round of payouts things are a little less extreme. At the time of writing this (halfway through the month) the current estimated payout is going to be 37%, still not bad at all! This numbers goes up as the month goes on and less addresses become eligible. The reason for the drop off is because there are more eligible addresses than the first round. These rewards are funded by taking 15% of all of the coins mined from each block and then on the 25th of each month are distributed to addresses that hold at least 1000 coins. Not only are the returns very good, but this is also a great strategy to lock up coins and keep the price from dropping too much. SmartRewards is a huge reason for me being in this coin and I think it will be very popular once more people find out about it.
 
Great Funding System
I’m a big fan of their funding system and how they split the block reward. Their funding structure is as follows:
 
 
Of the 80% allocated to the community, 70% of it goes to the community treasury and 30% of it goes to funding the team. I like the reversed model they have of paying the community the bulk of the rewards and the miners the least. I think this is a good way to get people involved and help grow the coin via community funded projects.
 
Governance System
With a large chunk of all coins mined going towards community treasury it gives the community a lot of coins to use on various proposals that will be voted on by the community. These proposals can be pretty much anything helping the coin grow and the community gets to determine if it is a good idea or not. Each vote is equal to 1 smart cash.
 
As of writing this, there have been 3 community proposals that have been funded. Those 3 include:
 
 
As the community gets larger, I’d expect the number and quality of proposals to improve and then we will really get to see the benefits of this funding system.
 
Instant Transactions via InstantPay
 
This is a feature that is going to be implemented in the near future and would allow for near instant transactions. This is crucial to have if you are trying to be a coin that is used for everyday purchases, which SmartCash is trying to do.
 
Not on any Major Exchanges
 
Currently, the exchange with the largest volume where you can buy SmartCash is Stocks.Exchange and Cryptopia. Whenever Bittrex or Poloniex get around to adding this coin there should be a nice pump. Now is the time to accumulate!
 

What I Don’t Like

I’m not a fan of coins with a large supply of coins and SmartCash has 5 billion coins as its max supply (451 million circulating). The idea behind having so many coins was to become the everyday coin that is used and its easier if people are paying in a small amounts. I get the idea behind it, but I would still prefer a coin with a smaller supply.
 

Investment Potential

This coin is still fairly new and a lot of people have still never heard of this coin. I think as more people become aware of SmartRewards and the insane monthly returns that people will start to flow into this coin. Couple that with things such as masternodes (coming soon), InstantPay, a functioning governance system, and anonymous transactions and you have a severely undervalued coin at $2.5 million. Short term potential for this coin is at least $10 million market cap, but $25 million within a few months is completely reasonable. This coin has all of the characteristics of coins that are worth hundreds of millions of dollars so I don’t plan on selling this coin for a while.
 

5. Crypto Bullion (CBX): $1.3 Million Market Cap

Last but not least we have Crypto Bullion, which currently has a market cap of $1.3 million. This coin was originally developed in 2013 but has seen recent improvements that have made it a great dark horse pick. This coin is a 100% proof of stake coin that was originally created as a way to store value with a yearly interest rate of 2%. as mentioned above, it has become way more than this with the new developments that are currently under way. Let’s take a look at why I like this coin.
 

Why I Like Crypto Bullion

Crypto Bullion will be having a hard fork before the end of the month where they will be implementing quite a few new features that I think takes this coin to the next level. Some of these features are as follows:
 
Masterbodes are Coming
 
Once the hard fork occurs, masternodes will be coming to CBX along with Zerocoin anonymity. Once the masternodes have been implented it will make CBX one of the cheapest masternode coins on the market. These masternodes will earn roughly 9% — 18% yearly plus any of the fees they make from transactions. It will cost 2,000 coins to run your own masternode, which is currently around $2,000.
 
Solid Roadmap
 
They have a very solid 2017 roadmap leading into 2018 and they are planning on releasing a 2018 roadmap once this one is completed. I would expect a lot of cool new features to be added on the next roadmap. See their roadmap here
 
New Wallet Being Released
 
They are currently putting the final touches on a new wallet and getting ready for the hardfork. All of this should be happening by the end of September.
 
Low Supply
 
As of right now, there are only around 1 million coins with a very low inflation rate of 2% per year. With staking, you would make around 6% per year in interest. This means the coins are rare and scarce.
 

What I Don’t Like

From what I have seen, the communication from the dev is subpar and you can be left in the dark at times. Also, even though they have some cool features in the pipeline, they aren’t really bringing anything new to the market.
 

Investment Potential

I think CBX has built itself a nice little niche with becoming a true store of wealth, unlike Bitcoin, and that fact alone should make it worth more than its current market cap. However, with the upcoming hardfork that will bring masternodes and a new wallet we should see a lot more investor interested in this coin. I’m holding this coin until at least a $10 million market cap and probably even longer depending on what kind of developments happen in the meantime.
 

Honorable Mentions

I’m not going to dive deep into any of these coins below, but they are worth mentioning.
 
 

Wrapping this Up

That is going to bring this article to an end. I hope you enjoyed reading and found a coin or two that might interest you. These 5 coins are all coins that I will be holding for nothing less than 10x each, probably even more. These are not your “safe investment” coins by a long stretch, but if you’re looking for some high risk/high reward coins then these might be of interest to you. I’d love to know what coins you are all fans of that I didn’t put on the list. Please share in the comments below. Thanks for reading and if you enjoyed this article please follow me on medium for more posts!
submitted by jshogren10 to CryptoCurrency [link] [comments]

A brief history of the 2013 market peak; why some alts really do die; and what would've happened if you'd given in to FOMO

This piece is a follow-up to my earlier piece, which looked at what would’ve happened if you’d purchased alt-coins shortly after the bottom of the 2013-2015 bear market. A lot of the constructive criticism that I received was that I was too bullish on alt-coins, and that the timing was too convenient. Although it’s fair to say that I am bullish on crypto in general and alt-coins in particular (with several major caveats for both), I agree that it’s important to not just focus on historical analyses where it’s fairly clear that you could have earned money. So, today’s research question is whether you’d still be underwater if you’d bought in to the market at or near the 2013 all-time high. All information cited herein comes from the historical charts available at CoinMarketCap.
TL;DR: This worst-case scenario analysis shows that $300 invested equally across 15 of the 40 coins in existence near the market’s peak in 2013 would be worth only $429.95 today—gains which are entirely attributable to Bitcoin, Litecoin, and Ripple. This is basic, but it can be dangerous to buy high. This is especially true of alt-coins, but even the top three coins in our sample saw fairly lackluster results when bought at the top of the market. Finally, nothing in this post should be taken as investment advice. This is only intended as historical analysis. Past performance does not guarantee future returns.
A Brief History of the 2013 Market Peak
According to CoinMarketCap, the 2013 bull market peaked on December 4, 2013, at ~$15.87 billion in market capitalization.* Thereafter, the market crashed dramatically not once, but twice. In the first crash, which occurred between December 5-8, 2013, overall market cap fell by ~39% to ~$9.66 billion. Then, after a brief recovery to ~$13.57 billion on December 10th, the market fell precipitously, to ~$5.7 billion on December 18, 2013. Thus, over the course of only two weeks, from December 4-18, 2013, the market lost ~64% of its value. Although this was by no means the end of the 2013-2015 bear market--which lasted for approximately 17 months and saw an additional decline of ~45% from the December 18, 2013 low--this was the end of the beginning.
What If I Bought Crypto Right as the 2013 Market Peaked?
Generally, the first rule of trading is** that you want to buy low and sell high. As a result of their fear of missing out (“FOMO”), however, many people find themselves accidentally buying high. Today, I’m going to look at what would have happened to someone who bought their crypto right as the market was peaking. Ideally, I would run this experiment from December 4, 2013, but due to the limited data available from CoinMarketCap, I’m forced to choose between November 24th, December 1st, December 8th, and December 15th. Of those dates, I have selected December 1, 2013, because it represents the worst possible scenario for which I have data. On that date, total crypto market cap, which had hit a new high of ~$15.4 billion the day before, swung wildly between a high of ~$14.83 billion and a low of ~$12.18 billion. Unfortunately, it’s unclear exactly when CoinMarketCap’s snapshot was taken. That said, it’s clear that our hypothetical FOMO trader is about to lose his shirt over the next few weeks, so let’s dive into the specifics.
On December 1, 2013, there were 40 coins listed on CoinMarketCap. I won’t list them all here, but of those 40, all but 11 are still listed as active on CoinMarketCap. The truly dead (or “inactive”) coins are BBQCoin (BQC; rank 16), Devcoin (DVC; rank 19), Tickets (TIX; rank 22), Copperlark (CLR; rank 24), StableCoin (SBC; rank 25), Luckycoin (LKY—ironic, I realize; rank 31), Franko (FRK; rank 34), Bytecoin (BTE; rank 35), Junkcoin (JKE—how apt; rank 36), CraftCoin (CRC; rank 39), and Colossuscoin (COL; rank 40).***
Now, since this post is already incredibly long, instead of testing all 40 coins, let’s take a decently-sized sample of five coins each from the top, middle, and bottom of the stack, and look at what happens. For the middle, although the temptation is to take decent alts, let’s fight that and take the group with the highest failure rate: ranks 21-25. So, here’s out pool:
Now, here are how our sample of coins has performed as of when I write this:****
So, if our hypothetical FOMO trader had invested $100 in our top-five sample near the 2013 peak, it would currently be worth $411.80 (the profitable coins) + $3.06 (PPC) + $4.27 (NMC) = $419.13—a 4.19x increase.
Now for the two coins in the middle five that didn’t completely die:
So, if our hypothetical FOMO trader had invested $100 in our middle-five sample near the 2013 peak, it would currently be worth ~$15.19—an ~84.8% loss.
Finally, here are the two coins from the bottom five that didn’t completely die:
So, excluding everything buy Argentum, if our hypothetical FOMO trader had invested $100 in our bottom-five sample near the 2013 peak, it would currently be worth ~$2.96—a ~97% loss. Putting it all together, $300 invested in this sample of 15 coins as close to the peak of the 2013 market as the data will let me get, would be worth $429.95—a disappointing, but not-unexpected ~30.2% increase over five years. That said, I’m honestly somewhat amazed our FOMO trader made anything at all on this basket of coins, considering how many of them failed. In any case, all of his gains came from the top-three coins from 2013: Bitcoin, Litecoin, and Ripple.
Conclusions
What’s the lesson here, what’s the takeaway?***** Most importantly, I think the above analysis shows that it can be very dangerous to buy alt-coins when the market is at or near an all-time high—a conclusion that appears to be true regardless of where the alt is positioned in the market. That said, there are a few caveats: (1) this sample was intentionally bad, in order to reflect a worst-case scenario; (2) even buying the top-three coins at the all-time high didn’t net our FOMO trader particularly large gains when compared to someone who bought these same coins after the crash. Therefore, I think that the most important lesson here is not to buy high in the first place. Investing solely because of FOMO will probably cause you to lose money, unless you have invested equally in a broad range of cryptocurrencies, like the trader in our hypothetical. Even then, however, our FOMO trader probably would have done better investing in an S&P Index fund over the same period.
Endnotes
*This is a correction to my earlier piece, in which I stated that the cryptocurrency market peaked on November 30, 2013, at a total market capitalization of ~$15.2 billion. I made this error due to having failed to narrow the date range of the chart so I could properly zoon in. That said, the exact details of the market peak don’t affect the conclusions from my last piece, which considered trades made after the market had bottomed out.
** …you do not talk about trading. Wait, that’s the wrong rulebook.
*** Since I already typed it out, here’s the list of remaining active coins, in descending order: Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Peercoin (PPC), Namecoin (NMC), Megacoin (MEC), Feathercoin (FTC), WorldCoin (WDC), Primecoin (XPM), Freicoin (FRC), Novacoin (NVC), Zetacoin (ZET), Infinitecoin (IFC), Terracoin (TRC), Crypto Bullion (CBX), Anoncoin (ANC), Digitalcoin (DGC), GoldCoin (GLD), Yacoin (YAC), Ixcoin (IXC), Fastcoin (FST), BitBar (BTB), Mincoin (MNC), Tagcoin (TAG), FlorinCoin (FLO), I0Coin (I0C), Phoenixcoin (PXC), Argentum (ARG), Elacoin (ELC)
**** I know that we could have sold them sooner, and probably for more money, but let’s just assume that our hypothetical FOMO trader was a founding member of the #hodlgang. ;-)
***** Don’t mess with Maui when he’s on a breakaway! You’re welcome. ;-)
Disclosures: I have previous held Litecoin, and currently hold approximately $140 of Ripple. I do not believe this influenced my analysis in any way. I have never bought or held any of the other coins discussed in this analysis.
Edits: Formatting, typos, minor clarifications.
submitted by ThaneduFife to CryptoCurrency [link] [comments]

September 21st Terracoin Update - Mandatory!!

MANDATORY UPGRADE OF THE TERRACOIN WALLET!
There is a mandatory upgrade of the Terracoin wallet in preparation for the hard fork on block 1087500 which will enable masternodes and decentralized governance.
Everyone must upgrade their wallet by block 1087500, which with current block timing is falling between the 29th and the 30th of this month!
We really need to get the word out to as many people as possible. So please post and talk to everyone you know.
This is a mandatory update which means if you continue to use the old wallet you will be on the wrong block chain and you won't be able to send or receive TRC from that wallet.
We also need to make sure that all of the mining pools (or whoever is throwing that crazy hash at TRC) have updated their wallets, otherwise the coins they mine will be worthless.
Always back up your wallet.dat file! Always back up your wallet.dat file!
Download the new wallets here: https://github.com/terracoin/terracoin
We will be using this repository going forward, but the old one has been updated as well.
The first time you run the binaries (or exes) it will create a new terracoincore folder. You can manually make it use your old terracoin app folder, but I recommend using the new folder. Stop (or close) the binaries and copy all of your files, except the peers.dat file over from the old folder into the new folder. That way you have an exact duplicate of your old data. (Except the peers.dat file, you will find .12.1.5 nodes faster without it, and you won't fully sync till you connect to a .12.1.5 masternode.)
Restart new binaries/exes.
It will say that it needs to reindex, so let it. Once it is done reindexing just sit back and wait for it to find .12.1.5 peers and masternodes. If it gives you an error saying network sync has failed, don't worry you just haven't gotten a .12.1.5 masternode yet. It will try again later.
If you are not sure how to do this please ask on one of the many forums. It is better to be safe then sorry!
I will be posting close to daily updates on which exchanges have updated their wallets and which haven't. If you see an exchange put the Terracoin wallet in maintenance that probably means they are upgrading it!
Hopefully we will have a Mac wallet out middle of next week.
In other news, the whale is now almost done with only ≈231,000 TRC left. He won't be around much longer. If you can get your TRC cheaper somewhere else then please do, but he has been consistantly selling to buy orders at .00003001 on Cryptopia. Once he is gone the price will most likely rise, so get it while you can!
Oh yeah, if you want you can set up your masternodes now, though you won't get rewards until the hard fork.
Numbers
30 days ago we were at 0.00001935 BTC (.0771 USD) and today we are at 0.00003010 BTC (.1098 USD).
A year ago we were at 0.00000442 BTC (.0026 USD).
We are ranked 321 on coinmarketcap with a market cap of $2,341,404 USD. Last week our market cap was $2,157,630 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Discord Invite
https://discord.gg/r3QVQRN
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/enQtMjQxNzU5NTY5NTIwLWJkNzIzOThhYzkyNGEyMDBmNjY2OWM2NmNhYzM0YjNmNzdlZWJkYjA3ZDgwYzkwMmMyYmM3OWNkMDQ2ZTIxYzk
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
Youtube
https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA
submitted by clockuniverse to Terracoin [link] [comments]

September 7th Terracoin Update - Date

We have set a block, and date for the hard fork!
We will be hard forking on block 1,087,500 which is approximately September 29th. This hard fork block won't change unless the community finds something catastrophic in the code, which is highly unlikely.
This also means that the public testnet is ready for testing!
DO NOT TEST ON YOUR CURRENT TERRACOIN WALLET/WALLET FOLDER
Also, always back up your wallet.dat file before messing around. No joke. Back that file up!
The code is here: https://github.com/terracoin/terracoin and we have Windows EXEs available on the releases tab. You can open issues directly on github, or contact me on one of the many forums, etc.
We are excited to have the whole community jump in and help out, and like I said in a previous weekly update, we need everyone to be as critical as possible. A week from now I would like to start contacting mining pools, exchanges, etc and have them update their wallets in preparation for the hard fork.
If you need help compiling the code on Linux, or setting up a masternode feel free to ask. I have a feeling we are going to get swamped with questions, so please be patient as we work our day jobs, and sleep. I will also be posting a rough draft of my masternode/compile setup guide, so please give any input on it that you can.
Once you get your wallet all ready to go (remember to run it with the -testnet option) then post your tTerracoin address (fake Terracoin) and I can send you 5000 tTRC so you can set up a masternode. I know some people want to test out two at a time, so once the first wave is done I can send you another 5,000 tTRC. If you are done testing then please send the tTRC back to the address below so other people can get a chance to test too. Return tTRC address: mjirbjPj1AaMViNDntVMCA8W12QGzyNUJy
The testnet does allow two masternodes for one IP. This will not work once the hard fork happens.
(I know this is a long weekly update, but keep reading. We are on a new exchange and we have a Discord server set up.)
Last week I opened up the discussion about the cost of a proposal (5 TRC to put in a proposal), but I didn't really like the fact that the 5 Terracoin was destroyed once a proposal was accepted for vote.
The team agreed with me, and the proposal cost is now sent into the block chain as a block reward which will be split between the miners and the masternodes.
We are not sure if any other coin has done this before so we need this part tested with extreme critical thought.
There is one problem with this idea. A masternode owner can look up when they are going to get paid next, and then spam proposals for 2.5 Terracoin (since the know they will get the 2.5 reward).
In an effort to combat this we have decided to raise the proposal cost to 10 TRC, which is currently about a $1.40 per proposal.
If you feel passionate about the cost of a proposal fee, or about proposal fees getting destroyed/not destroyed feel free to post on any of the forums/social media below.
Thanks to Jacob Kerr for coming to the rescue and turning the DASH wallet Terracoin green for us!
Also thanks to the whole community! Everyone has been amazing and understanding while we have been working on this!
Other News
Alex_Under got Terracoin on Coinexchange.io! https://www.coinexchange.io/market/TRC/BTC
Peace has set up a Discord server, and here is the invite: https://discord.gg/r3QVQRN
I have started updating the Cryptopia forum, which can be found here: https://www.cryptopia.co.nz/Forum/Thread/815
C-Cex is saying they are going to delist Terracoin. I guess we don't have the volume that is required. According to their front news page Terracoin needs .2 Bitcoin volume a day, but after talking with their support we need .4 Bitcoin a day. This means we need 12 bitcoins worth of volume a month, which really isn't that much.
We have until the 20th to up our volume, if you want to help keep us listed there then please trade on there. If you just have Terracoin sitting on there make sure to get it to another exchange or a local wallet before then.
I am going to keep trading on there until around the 19th to see if we make it. I will keep everyone up to date on the situation.
Numbers
30 days ago we were at 0.00002920 BTC (.0987 USD) and today we are at 0.00003209 BTC (.1479 USD).
We are ranked 311 on coinmarketcap with a market cap of $3,139,664 USD. Last week our market cap was $2,985,813 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Fake tTRC Return Address
mjirbjPj1AaMViNDntVMCA8W12QGzyNUJy
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Discord Invite
https://discord.gg/r3QVQRN
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjI4NDQ2ODM0MDIxLTE1MDMwMTgwNzMtYmMzZmExZDIxNg
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
Youtube
https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA
submitted by clockuniverse to Terracoin [link] [comments]

July 13th Terracoin Update - Proposals/Pump

I write the weekly updates usually a few days ahead of time, so this one has two parts because of the on going pump.
Pump
Over the past couple of days there has been a massive rise in the price of Terracoin (TRC) and it is continuing. We have gained a huge number of community members, and a lot of new ideas.
Check the numbers at the end of the weekly and make sure you get 10,000 TRC while it is still somewhat cheap so you can have a masternode!
Proposals
A lot of people have asked me about the first two proposals The Terracoin Foundation will be putting in once we have decentralized governance.
The first is a proposal to pay the team.
We want to keep attracting quality team members and we want to reward the team members who have already volunteered and worked so hard to get Terracoin where it is now.
We will be paying people depending on the amount of time spent working on Terracoin per month. This will include everyone who volunteers currently and future team members.
Obviously, everyone will have to be an official team member, and show proof of work. Sorry. I had to.
This first proposal will only last 6 months so that we can adjust pay up or down, or split off departments depending on the price of TRC.
The ledger of payment will be publicly available.
The second proposal we will put in is for TRC to sell for BTC to get on another exchange (most likely Bittrex).
Why are these the two most important?
We need to keep growing and rewarding the team so that we can innovate Terracoin even more in the future, and we need to keep expanding the base of people who has access to Terracoin.
That is it.
Innovate and grow.
Countdown
Reward halving ≈ 21 Days
Testnet = 2 Weeks
Hard fork = 10 Weeks
Numbers!!!
First off, we just broke our all time 5 year volume record! Our volume in the last 24 hours was $328,627 USD. The highest previous volume I could find was January 3rd 2014 at $223,699 USD. That was back when Terracoin was still listed on BTC-E and it was going for $.60 USD a piece.
30 days ago we were at 0.00001448 BTC (.0392 USD) and today we are at 0.00008337 BTC (.1956 USD).
We are ranked 208 on coinmarketcap with a market cap of $4,043,767 USD. Last week our market cap was $706,094 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjEzNDYxNDk2NDU0LTE0OTk5NzM4NzEtM2Q2MmQ0OWYzYQ
Public Telegram Invite
https://t.me/joinchat/F3LRkQpQ2VQkAphfchl9Mw
submitted by clockuniverse to Terracoin [link] [comments]

August 17th Terracoin Update - Testing

On Sunday we officially entered the testing phase!
We have been steadily at work testing and breaking the code since then.
This means that we are on target for the hard fork in about a month and a half!
If you want to help test, feel free to contact me on any of the forums, or via email. Once we have mined enough tTRC we can send some to you so you can test too, or if you want you can mine the testnet for your own tTRC.
With the help of SixofFive I have also started working on a guides for masternode setup.
If you haven't seen our awesome new website created by Rehrar, check it out here: terracoin.io
Historically the price of any coin adding masternodes rises as it gets closer to the hard fork date, so you should get your collatoral of 5000 TRC for a masternode now!
Now for the other stuff.
Countdown
We are approximately 6 weeks from the hard fork!
Numbers
30 days ago we were at 0.00001727 BTC (.0406 USD) and today we are at 0.00001763 BTC (.0756 USD).
We are ranked 339 on coinmarketcap with a market cap of $1,594,601 USD. Last week our market cap was $1,828,873 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjI4NDQ2ODM0MDIxLTE1MDMwMTgwNzMtYmMzZmExZDIxNg
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
submitted by clockuniverse to Terracoin [link] [comments]

July 27th Terracoin Update - Week

It looks like the testnet will be another week as Ahmed is running behind on the code.
It isn't that big of a deal though, considering that we gave ourselves another 8 weeks for testing and testnet, just in case.
We have kept the original goal of the hard fork happening in 8 weeks and just moved the testnet out a week.
In other news we are ahead of schedule on the new website which should be out soon.
The whale is still keeping the price low so now is the time to get 5,000 Terracoin together for a masternode.
Feel free to join our Slack or Telegram. Links are the the bottom of this post.
Countdown
Reward halving ≈ 10 Days
Testnet = 1 Week
Hard fork = 8 Weeks
Numbers
30 days ago we were at 0.00001223 BTC (.0307 USD) and today we are at 0.00003073 BTC (.0822 USD).
We are ranked 295 on coinmarketcap with a market cap of $1,732,590 USD. Last week our market cap was $1,785,173 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjE1NTE2MTMwMjI3LTE1MDA1NzgxNjMtOGQwMzdlZWI1Yw
Public Telegram Invite
https://t.me/terracoin
submitted by clockuniverse to Terracoin [link] [comments]

August 24th Terracoin Update - Unabated

Testing continues unabated, and we are on schedule for the hard fork in 5 or 6 weeks!
We will have the public testnet out soon, so that everyone can put in ridiculous proposals and try to break the code like we have been doing so far.
I know this is a lot to ask, but once the public testnet comes out we are going to need everyone to be really nitpicky. We will only have source code available at the beginning but during that time if everyone could really just come together and just tear into it; that would be great!
I will also be posting guides for masternode setup at that time, so also feel free to really dig into those things. No holds barred!
Our first whiteboard video came out today. Check it out here: https://youtu.be/5UDmYthgjpk and feel free to subscribe to the Terracoin Youtube channel.
Lastly, I thought I would touch back on a post I did on June 15th, labeled Ride. In that update I posted some numbers regarding how the community has grown. Let's look at those again but compare them to current numbers.
Numbers (Forums and Social Media)
August 24th Bitcointalk hits - 95,390 | June 15th Bitcointalk hits - 75,610
August 24th Bitcoingarden hits - 11,771 | June 15th Bitcoingarden hits - 4,359
August 24th Reddit readers - 533 | June 15th Reddit readers - 436
August 24th Slack members - 253 | June 15th Slack members - 49
August 24th Twitter followers - 332 | June 15th Twitter followers - 177
August 24th Telegram members - 92 | Didn't exist
August 24th CryptoCompare followers - 44 | Didn't exist
August 24th Newsletter subscribers - 37 | Didn't exist
August 24th Youtube subscribers - 0 | Didn't exist
August 24th Cryptopia Forum hits - 0 | I plan on starting this up this weekend
Now for the real numbers!
Numbers
30 days ago we were at 0.00003108 BTC (.0856 USD) and today we are at 0.00002302 BTC (.1002 USD).
We are ranked 331 on coinmarketcap with a market cap of $2,118,292 USD. Last week our market cap was $1,596,211 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjI4NDQ2ODM0MDIxLTE1MDMwMTgwNzMtYmMzZmExZDIxNg
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
submitted by clockuniverse to Terracoin [link] [comments]

August 3rd Terracoin Update - auxpow

We are going to have to push the testnet out another week, because we are having issues getting auxpow to work with the DASH code. We are keeping the same hard fork deadline (7 weeks from now), and we are bringing in another developer to help us sort out the problem.
Luckily, we padded our testing phase just in case something like this happened.
If you want to help out, Ahmed's dev github is here: https://github.com/ahmedbodi/terracoin-dev
He hasn't updated any of the graphics or anything. That can be done after the testnet is up and running.
We also will be messing with the Crowncoin code since they have already implemented auxpow into DASH's code.
We apologize for the delay, and we are doing everything we can to get the testnet up and running as soon as possible.
On another note I have had a chance to check out a beta version of the website and it looks amazing!
We also have a new French bitcointalk ANN (We are still updated the graphics to French) : https://bitcointalk.org/index.php?topic=2056939.msg20516095#msg20516095
Countdown
Reward halving ≈ 3 Days
Testnet = 1 Week
Hard fork = 7 Weeks
Numbers
30 days ago we were at 0.00001307 BTC (.0333 USD) and today we are at 0.00002768 BTC (.0772 USD).
We are ranked 299 on coinmarketcap with a market cap of $1,616,879 USD. Last week our market cap was $1,732,590 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjE1NTE2MTMwMjI3LTE1MDA1NzgxNjMtOGQwMzdlZWI1Yw
Public Telegram Invite
https://t.me/terracoin
submitted by clockuniverse to Terracoin [link] [comments]

September 14th Terracoin Update - Whaling/China

It is time to start whaling, and ignoring China.
As we get closer to the hard fork date (September 29th) many people wonder why the price hasn't risen though more and more people have been buying Terracoin for a masternode.
The reason behind this is that there is a very large holder of TRC on Cryptopia who will generally sell to buy orders at .00003001 btc, if the total amount of the sale is enough (meaning he ignores little numbers). He started with around 1,900,000 TRC and over the past couple of months we have whittled him down to ≈750,000.
We believe that he is one of the people who picked up a whole slew of different coins from the Cryptsy lawsuit.
What does this mean to you? It means we have 150 inexpensive masternodes for sale! Once those are gone the price will probably rise, so get them while they are cheap!
You could probably also make some money off of arbitage, which would also help spread the inexpensive masternodes around!
I guess I have to write about China.
The recent news from China has caused a massive drop in the price of Bitcoin, though Terracoin has remained pretty much uneffected.*
All this has done is prioritize The Terracoin Foundation's goal of getting on a decentralized exchange (or creating our own in the far future.) With a decentralized exchange no country can arbitrarily mess with a cryptocoin.
To summarize (tldr), lets take care of this whale, and ignore China.
Thanks again to our community! Everyone is awesome, and if you want to join our community check out some of the links below. I try to be as available as possible.
Terracoin is dedicated to helping the world while becoming a replacement for fiat currencies.
Numbers
30 days ago we were at 0.00001886 BTC (.0823 USD) and today we are at 0.00003027 BTC (.1014 USD).
A year ago we were at 0.00000503 BTC (.0030 USD).
We are ranked 312 on coinmarketcap with a market cap of $2,157,630 USD. Last week our market cap was $3,139,664 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Discord Invite
https://discord.gg/r3QVQRN
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjI4NDQ2ODM0MDIxLTE1MDMwMTgwNzMtYmMzZmExZDIxNg
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
Youtube
https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA
*If the BTC/USD price falls then the USD price of TRC also falls (along with all other coins), but if you look at BTC/TRC is show that the value of BTC/TRC hasn't really changed. What this means is that people who hold TRC are not panic selling TRC to cash out BTC.
submitted by clockuniverse to Terracoin [link] [comments]

September 28th Terracoin Update - Countdown!

We are counting down to the hard fork which will happen in approximately 42 hours!!
If you are wondering why the date or time seems to flucutate that is because when we calculate the date we use the block time of two minutes. In reality, blocks aren't generated every two minutes but when a block is solved. This usually averages out to around 2 minutes but lately it has taken a little bit longer, which is why the time keeps changing.
As we get closer you can calculate a rough guess yourself. Take 1,0875,000 (the hard fork block) and subtract the current block. This can be found on a block explorer such as https://bchain.info/trc/ or in your wallets on the information tab. Then divide that number by 30 which is the number of blocks an hour.
For example: 1087500-1086238=1262. 1262/30≈42 hours.
Join us in our countdown!
In other news Cryptopia has put their wallet in maintenance to upgrade for the hard fork!
I am regularly checking on the other exchanges to make sure things are happening.
I will update as I get info.
This is an exciting time for Terracoin so please join our forums and social media to be there for the hard fork!
Thanks and sorry this weekly update is late. I am a little behind today, kind of like the blockchain.
Also there are already over 200 masternodes online!
If you haven't updated your wallet to 12.1.5 please do before the hard fork!
Numbers
30 days ago we were at 0.00002435 BTC (.1069 USD) and today we are at 0.00005160 BTC (.2102 USD).
A year ago we were at 0.00000400 BTC (.0024 USD).
We are ranked 287 on coinmarketcap with a market cap of $4,492,054 USD. Last week our market cap was $2,445,562 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Discord Invite
https://discord.gg/r3QVQRN
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/enQtMjQxNzU5NTY5NTIwLWJkNzIzOThhYzkyNGEyMDBmNjY2OWM2NmNhYzM0YjNmNzdlZWJkYjA3ZDgwYzkwMmMyYmM3OWNkMDQ2ZTIxYzk
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
Youtube
https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA
submitted by clockuniverse to Terracoin [link] [comments]

August 31st Terracoin Update - Schedule

We are on schedule for a hard fork in 4 or 5 weeks!
SixofFive and our freelance developer have been working countless hours coding and testing. A few community members, and someone from Nodeshare have also jumped in to help, and each day we move closer and closer to a public testnet.
I will post on all forums and social media when the public testnet goes live. I also have my first very rough draft of the masternode setup guide finished.
We do have something we need input from the community about.
The current code makes putting in a proposal cost 5 TRC (which is roughly $.70 USD). This is part of the DASH code to help protect the decentralized governance from get exploited, so it can't be zero. This amount worked for DASH for a while, but now that DASH is at ≈$300 USD that means to put in a proposal it costs $1500 USD. This is way too high, and they sometimes don't even use all of their budgetary spending because of it (or so says the forums). They have been putting in proposals to lower it, but they never pass. To change this in the future it would probably have to be done with another hard fork. This cost is destoryed once the proposal is put in, so before voting or anything.
Obviously TRC would have to go up in price an amazing amount for this to become an issue, but since we are already setting up a hard fork, let's discuss it!
We can raise, lower, or leave the number the same, but we can't remove it because then anyone with a masternode can spam the decentralized governance with fake proposals.
Remember our goal is to make Terracoin affordable and usable for the whole world!
If you want to take part in the discussion there are links to our forums at the end of this update. Thanks!
Now for the numbers!
Numbers
30 days ago we were at 0.00002862 BTC (.0808 USD) and today we are at 0.00002955 BTC (.1410 USD).
We are ranked 310 on coinmarketcap with a market cap of $2,985,813 USD. Last week our market cap was $2,118,292 USD.
Source: http://coinmarketcap.com/currencies/terracoin/#charts
Donation Addresses
Terracoin: 12bTKJL3UiypnVQMyFXg7eCJudAyAtgh6p
Bitcoin: 14LW52k8vhHvHaGfmgx48d3su4RcKPyKcc
Terracoin Donations for the World Address
1BQH6gBzkxxyMQG3VSJCHnmVGfWu64nbPL
Public Slack Invite
https://join.slack.com/t/terracoin/shared_invite/MjI4NDQ2ODM0MDIxLTE1MDMwMTgwNzMtYmMzZmExZDIxNg
Public Telegram Invite
https://t.me/terracoin
Newsletter Subscription
http://eepurl.com/cYRTwn
Youtube
https://www.youtube.com/channel/UCVt88faiKRWbMqaH_i6gXPA
submitted by clockuniverse to Terracoin [link] [comments]

1st BTC/Altcoin Mining Guide, Feedback Welcome!

When I decided to write this guide, I was throwing cryptocurrencies around like they were nothing. I was foolish in the fact that I disregarded the exchange fees that are attached with the services that those exchanges provided. I'm in by no means a cryptocurrency genius, and I'm still not extremely seasoned at it, but I've learned enough about cryptocurrencies in the past month that I feel confident to pass on the knowledge I have learned and to help those who are overwhelmed on where to start.
So what exactly is a cryptocurrency? According to technopedia (n.d.) a Cryptocurrency is a type of digital currency that is based on cryptography. Cryptocurrency uses cryptography for security, making it difficult to counterfeit. Public and private keys are often used to transfer the currency from one person to another.
When mining cryptocurrencies, one important concept needs to be established, and that's hash rate. Hash rate is simply a unit of measurement of processing power. The more your hash rate is, the more profitable mining becomes.
This guide uses specific sites and software, chosen by myself, as a great springboard into the cryptocurrency world. These sites and software are extremely flexible, easy to use, and integrate very well together. The mining pools I've chosen are multiple currency pools, designed to consolidate a major of the cryptocurrencies together, and instead of using several mining pools, you use three.
These are the things you'll need to get started: MultiMiner
Accounts at Coinotron, The Mining Pool Co., and BitMinter
Accounts at Cryptsy and Coinbase
There are a few different ways to mine for cryptocurrencies, the common of which are using your Central Processing Unit (CPU), Graphics Processing Unit (GPU), and Application Specific Integrated Circuit (ASIC) devices. CPU based mining is not profitable any longer, and will cost you money in the end by increasing electricity costs. GPU based mining is still popular, but losing steam against ASIC based mining. If you choose to use your GPU for mining, AMD/ATI based graphics cards (especially the Radeon HD 79xx series of cards), are the most efficient. If you have an nVidia based graphics card, I'm sorry. You can still mine on nVidia cards, but your hash rates are going to be much slower when compared to their AMD/ATI counterparts. If you chose to use GPU mining, Black Friday or Cyber Monday are you best bets for upgrading your equipment. ASIC based mining is quickly losing value with the changing difficulty on all networks, but it's the most cost effective way to increase your hash rate, and see a positive return on any equipment purchases. If my math is correct, using the methods in this guide, in order for any ASIC device to yield a positive cash flow, you've got to get a device that has at least a 5Gh/s rate (such as the Butterfly Labs Jalapeno).
Now for the fun part, explaining how everything in this well greased machine is going to work. Patience plays a big part in the cryptocurrency world, and when I first started, I had none. I was so eager to see the amount of Bitcoin go up, regardless of how much I was getting penalized in fees from trading. So, that's the first step on your journey. PATIENCE. I CANNOT emphasize this enough. Sometimes, you've just got to hurry up and wait, the effects of waiting things out on the cryptocurrency market WILL PAY OFF.
Step one of this machine is signing up for all three pools (BitMinter, Coinotron, and Mining Pool Co.). This is so that you can actually get server addresses to plug into MultiMiner, after signing up for these services though, you've still got a ways to go.
Step two is sign up for Cryptsy. I chose Cryptsy because of the features they're going to offer at a later time, as well as support for 60 cryptocurrencies (which covers all but one of which we can mine). When your Cryptsy account is setup, you will need to go into the Balances portion of Cryptsy, and find all of the currencies in which you will be mining from the pools. Once Balances are loaded up, you will need to click on the Actions button next to the currency, and click Deposit / Autosell, and then Generate Address. There's a small clipboard near the address it generated, and that will copy the address for pasting in the mining pool websites. You will want to copy, and paste all of them to a text document, along with which currency it belongs to. Not only does this keep you from juggling back and forth trying to figure out things, but it helps for reference and setting up MultiMiner.
Once you have those accounts setup, you'll want to sign up for Coinbase. A WORD OF WARNING FOR THOSE WHO ARE PARANOID... Coinbase will want to link to a bank account, this is mandatory if you want to trade your currencies for cash. If you want to trade currencies, just for the sake of trading, then you can skip Coinbase altogether. You can transfer your Bitcoins from Cryptsy straight into Coinbase, and then sell the Bitcoins from Coinbase, and straight into your designated bank account.
MultiMiner, oh how amazing you are. For every cryptocurrency available in all pools, you will need to add these coins, along with server addresses, log-ins and passwords. To do so, click on the drop down next to the Settings button, and click Coins. From there, click on Add Coin, and choose each coin from a pool. This will list it in the box to the left, and give you the ability to add information on the right. You can add multiple servers as well, in case the current server you're mining on goes down. After all your coins are setup, you'll need to setup your Strategies. Click the drop down next to Settings, and chose Strategies. Check the Enable Strategies check box, choosing Straight Profitability from the drop down, and checking the Strategy every five minutes (that way you're not losing money by mining something that has dropped in price). This aggressive price checking makes it to where you're always on top with whatever you're mining. Also make sure you have Mine the Single Most Profitable Coin selected. Stick with CoinChoose as your price source (under Settings), as CoinWarz charges for there services beyond a certain point. Click Start, and take a vacation.
Reading the charts on Cryptsy can be a little tricky, and scary if you've never saw those types of graphs before. Those graphs are called Candlestick Charts, and are used primarily in the stock market. I won't go in to great detail on this, however, you can find a nice cheat sheet on the subject here.
I hope everyone enjoyed the guide, sorry for being punctual and brief, but there isn't anything too elaborate of complicated about searching for cryptocurrencies. I love mining as a hobby, mining's fun, and if there is any money to be made off of mining from my end, great, if not, I had fun mining.
While compiling a spreadsheet of the minable currencies in this guide, if everything is set up correctly (and assuming servers aren't down), you should be able to mine the following:
And while Mining Pool Co. offers ASICcoin and Unobtainium, ASICcoin isn't supported in MultiMiner, and Unobtanium isn't supported in Cryptsy. I still mine for Unobtanium in hopes that Cryptsy will include it one day.
References
Cryptocurrency. (n.d.). In technopedia. Retrieved from http://www.technopedia.com/
submitted by ford0415 to BitcoinMining [link] [comments]

Dogetipbot Gild Analysis: Jan 14, 2015

For the past couple of days, at least half of the gilds given were outside of the main Doge subreddits, which is great! Supporting the community through internal assistance and external “marketing” is what keeps us going. I’ve seen people talk about the downtrend in traffic to the /dogecoin, and my only response has been to look at the traffic to every cryptocurrency subreddit for comparison.
In fact, I looked at many, and here’s what I saw for unique visits:
Coin Chart 6 Months Ago Prior Month Increase (Decrease)
/Anoncoin no link
/Bitcoin link 767,207 690,898 -9.9%
/BitShares no link
/Blackcoin link 20,994 15,096 -28.1%
/counterparty_xcp no link
/CryptogenicBullion no link
/Devcoin no link
/digitalcoin link 413 230 - 44.3%
/Dogecoin link 261,311 142,398 -45.5%
/DRKCoin no link
/Einsteinium no link
/Feathercoin no link
/Flappycoin link 1,516 331 -78.2%
/FuelCoin no link
/Gridcoin no link
/Litecoin link 59,538 30,915 -48.1%
/Maidsafe link 1,396 1,277 -8.5%
/Maxcoin no link
/Mazacoin no link
/Megacoin no link
/Mintcoin no link
/Mooncoin no link
/Myriadcoin link 9,718 9,001 -7.4%
/Namecoin link 1,497 1,656 10.6%
/NobleCoin no link
/Nubits no link
/NXT no link
/Nyancoins no link
/PandacoinPND no link
/Paycoin no link
/Peercoin link 5,430 3,438 -36.7%
/Primecoin no link
/Quarkcoin link 4,599 1,957 -57.4%
/ReddCoin no link
/Ripplers no link
/Stealthcoin link 43 115 167.4%
/Stellar no link
/Tacocoin link 1,203 187 -84.5%
/Terracoin no link
/TopCoin no link
/Vertcoin link 40,404 19,009 -53.0%
/YBCoin no link
As you can see, just about every single subreddit that had stats and started with over 1,000 people 6 months ago lost a substantial portion of traffic. Also note: Dogecoin has the second largest active community, too! In just about every way, we’re here to stay, so don’t delay, and rock the day.
Also! Two members of our community made somebody else’s day a little brighter through a good ol’ fashioned gilding. Great job shibes! Here are the links to the comments given gold yesterday:
penguin-surgeon ->qzzn
mumzie -> lepaperbag
If you run across a comment that gives gold, let me know! Or if you give gold to somebody in a dogetipbot banned sub, send me the link so I can add it! When dogetipbot is banned from replying in non-doge subreddits, my counts are shaky.
Here’s the past week of activity broken out by the type of subreddit in which the gold was given:
Date (UTC) Total Gildings Doge subreddits Non-Doge subreddits
Jan 8 6 3 3
Jan 9 11 5 6
Jan 10 6 6 0
Jan 11 2 1 1
Jan 12 1 0 1
Jan 13 3-4 1 2-3
Jan 14 2-3 1 1-2
Also, the top givers of gold through dogetipbot (for all time up through yesterday) are:
Top Giving Shibes Number
mumzie 11
mohland 8
dvorwak 6
dogecoindripper 6
_lobster_ 6
brknthmb 5
Halio1984 5
pseudopseudonym 5
crundy 5
hammingen 4
Top Giving Shibes (Non-Doge subreddits) Number
crundy 5
mumzie 4
brknthmb 3
pseudopseudonym 3
_lobster_ 3
powerfunk 3
mohland 2
dogecoindripper 2
break_free 2
ThePumpThatWasAPoo 2
reifier 2
artfully_doges 2
For a graphical representation and more data, please check out the Google Docs spreadsheet.
submitted by break_free to dogecoin [link] [comments]

JAW DROPPING BITCOIN CHART TO WATCH RIGHT NOW (btc price prediction technical analysis news today ta TeraCoin (TERA) Price Alert, Chart & News on BitScreener.com INSANE!! BITCOIN CHART MIGHT GET REKT?!! Crypto Analysis TA Today & BTC Cryptocurrency Price News Terracoin (TRC) Price Alert, Chart & News on BitScreener.com INCREDIBLE BITCOIN CHART SHOWING A HUGE MOVE AND THIS $1,000,000,000 WHALE IS GETTING READY!!!

Terracoin Statistics. Current Terracoin (Terracoin) price is $0.0359615 USD. It has a current circulating supply of 22,935,400 TRC coins and a Market Cap of $824,790 USD. Terracoin stock price is up by (4.3%) today.$180 USD worth of Terracoin (TRC) has been traded in the past 24 hours. You can follow Terracoin (TRC)'s progress by adding it to your favourites and creating a free portfolio if Terracoin Price (TRC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio. TerraCoin is a digital currency with a 2012 dated Blockchain. It has come to market in 2012. This cryptocurrency is almost similar to BitCoin but this coin offers faster transaction. This digital coin also offers enhanced security by the leverage of Dark Gravity Wave difficulty recalculation and merged mining. Terracoin TRC price graph info 24 hours, 7 day, 1 month, 3 month, 6 month, 1 year. Prices denoted in BTC, USD, EUR, CNY, RUR, GBP. Created on October 26th, 2012, TRC is one of the oldest cryptocoins in existence. Unlike traditional fiat currencies, TRC is decentralized meaning there is no central bank. The Terracoin Foundation is dedicated to helping the world through donations. Decentralized governance allows masternode owners to control the future of TRC.

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JAW DROPPING BITCOIN CHART TO WATCH RIGHT NOW (btc price prediction technical analysis news today ta

This bitcoin chart could change everything (critical level on BTC). In this video we explain the important of a key level on the higher timeframe chart of bitcoin and we focus on the likely wave ... Bitcoin 101 - Intro to Paper Wallets & Cold Storage - Bitcoin Security & Fun with Sloppy Wallets - Duration: 26:57. CRI 113,280 views Here is the live charts from Tradingview displaying Bitcoin, Bitcoin Dominance, and the TOTAL Market cap of all other coins excluding Bitcoin. BITCOIN COULD SUDDENLY DUMP TO THIS PRICE DUE TO THIS RARE PATTERN (btc market prediction news today - Duration: 35:54. Crypto Crew University 26,517 views 35:54 Live charts of Bitcoin, and other top Altcoins. How To Pay Off Your Mortgage Fast Using Velocity Banking How To Pay Off Your Mortgage In 5-7 Years - Duration: 41:34. Think Wealthy with Mike ...

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