Author Topic: 111* days estimated for Difficulty to retarget. Could this kill PTS?  (Read 50988 times)

0 Members and 1 Guest are viewing this topic.

Offline Stan

  • Hero Member
  • *****
  • Posts: 2908
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BitShares: Stan
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #165 on: April 13, 2014, 01:06:08 pm »
I am very curious.. How much do you guys estimate that PTS will drop in $ terms (assuming BTC will remain at current levels $350 - $450) based on the numbers that you are watching? It appears to be on free fall...

It is very tempting to invest now and get as much shares that I can but so far my trading hasn't gone very well and I am starting to get really worried... I kept bying whenever I could. I was bying when first released at $2 - $20 and almost never sold even after the snapshot..And if I buy again now and falls to $1 I will have absolutely no way to recover from that...



I undesrtand that might be a silly question but just throw me some estimated numbers please...I can't afford to lose more..  :(

Thanks!

When you look at PTS vs BTC you can see the price is fairly stable during the past quarter, except for all the positive excitement leading up to the snapshot February 28th.  After the snapshot, much of the value was transferred as a dividend to BTS-XT and therefore has not been lost since you still own both.


The "free-fall" has been in BTC, the underlying reference for the market.
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline mf-tzo

  • Hero Member
  • *****
  • Posts: 1725
    • View Profile
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #166 on: April 13, 2014, 01:17:42 pm »
Thank you Stan for your reply. Really appreciate it.


Offline liondani

  • Hero Member
  • *****
  • Posts: 3737
  • Inch by inch, play by play
    • View Profile
    • My detailed info
  • BitShares: liondani
  • GitHub: liondani
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #167 on: April 14, 2014, 11:34:42 am »
I am very curious.. How much do you guys estimate that PTS will drop in $ terms (assuming BTC will remain at current levels $350 - $450) based on the numbers that you are watching? It appears to be on free fall...

It is very tempting to invest now and get as much shares that I can but so far my trading hasn't gone very well and I am starting to get really worried... I kept bying whenever I could. I was bying when first released at $2 - $20 and almost never sold even after the snapshot..And if I buy again now and falls to $1 I will have absolutely no way to recover from that...



I undesrtand that might be a silly question but just throw me some estimated numbers please...I can't afford to lose more..  :(

Thanks!

When you look at PTS vs BTC you can see the price is fairly stable during the past quarter, except for all the positive excitement leading up to the snapshot February 28th.  After the snapshot, much of the value was transferred as a dividend to BTS-XT and therefore has not been lost since you still own both.


The "free-fall" has been in BTC, the underlying reference for the market.

The "problem" is exactly that. Both (BTC & PTS) compared with FIAT (US Dollars,euro etc.) lost about the same % of value the last month... So that means that the market has not discovered the advantages for PTS yet, or the market don't trust enough Invictus yet*... The price compared to BTC (PTS/BTC) schould rise (even a litlle bit every day) and because not doing that makes me a litlle bit worried. On the other side the fact that the price follows BTC (and don't decline further) altought Bitshares X is still in development and is not released (as "promised" the last month) makes me believe that the price will rise as soon it is out** and of course we have announcements regarding another snapshot for a new DAC...


*after release of Bitshares X I think Invictus wins "lost" trust again.
** or will it decline further because many of us will sell PTS to buy more BTS ?  ???
« Last Edit: April 14, 2014, 11:42:52 am by liondani »

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12915
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #168 on: April 14, 2014, 11:46:21 am »
** i sold most of my altcoins and are ready to buy up all your bts ... no matter the price :-)
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline liondani

  • Hero Member
  • *****
  • Posts: 3737
  • Inch by inch, play by play
    • View Profile
    • My detailed info
  • BitShares: liondani
  • GitHub: liondani
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #169 on: April 14, 2014, 11:56:29 am »
** i sold most of my altcoins and are ready to buy up all your bts ... no matter the price :-)

if you had only PTS would you give them to buy BTS ?


PS you said most of them... which one do you still have?  :D

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12915
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #170 on: April 14, 2014, 12:28:47 pm »
I kept my cryptogenic bullion and the nextcoins ... just because :-)

I may be willing to sell a few <200 pts if the price goes back up to 0.02. Of not i am probably in indefinitly for the future shares
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline Bigboppa

  • Jr. Member
  • **
  • Posts: 30
    • View Profile
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #171 on: April 15, 2014, 05:44:25 am »
Quote
Estimated difficulty: 0.04039175 (375.39%)
Time to retarget: 0d 05:48:00 (2014-04-15 20:26:39 UTC+9)
If this will happen, it will be the death of Bitshares PTS...  :'(

Offline svk

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #172 on: April 15, 2014, 06:14:29 am »
Quote
Estimated difficulty: 0.04039175 (375.39%)
Time to retarget: 0d 05:48:00 (2014-04-15 20:26:39 UTC+9)
If this will happen, it will be the death of Bitshares PTS...  :'(

Yea it's scary, actually going to jump back above the previous difficulty! Guess we'll be oscillating between extreme difficulty and low profitability and low difficulty and very high profitability until PTS gets mined out..
Worker: dev.bitsharesblocks

Offline bile666

  • Newbie
  • *
  • Posts: 6
    • View Profile
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #173 on: April 15, 2014, 07:33:14 am »
Why do not calculate the difficulty after each bloc ?

Offline svk

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #174 on: April 15, 2014, 08:11:37 am »
I guess it might require a hard fork to implement something like KGW, and at this stage the time spent to do that is better spent working on BTS X and other DACs.

We'll probably be stuck with this type of oscillation of difficulties until the announcement of the next snapshot, at which point we should see another increase in mining power.

Rough napkin math says that if we go back to the same mining power as before this current low difficulty, there won't be a new difficulty change until the beginning of june.
Worker: dev.bitsharesblocks

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12915
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #175 on: April 15, 2014, 08:27:56 am »
At that time ags donations will have stopped and the only possibility to participate in future dacs will be through pts ..
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline bile666

  • Newbie
  • *
  • Posts: 6
    • View Profile
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #176 on: April 15, 2014, 08:54:41 am »
Please, make a fork. You lose a lot of minors with this situation very unstable.

Offline svk

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #177 on: April 15, 2014, 09:28:44 am »
At that time ags donations will have stopped and the only possibility to participate in future dacs will be through pts ..

Not quite, there's another 3 months for AGS donations, so we'll have time for two more oscillations before AGS donations end. But you're right that it will probably increase interest in PTS mining.  Hopefully there will be another snapshot announcement too by that time, as well as the launch of BTS X which should prove that I3 can produce a viable product. Even though that snapshot has already passed, a successful BTS X launch will stimulate interest in the other upcoming DACs.



Worker: dev.bitsharesblocks

Offline bile666

  • Newbie
  • *
  • Posts: 6
    • View Profile
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #178 on: April 15, 2014, 12:47:22 pm »
The difficulty has changed x4 ..

I leave PTS for another currency, pending a fork.
« Last Edit: April 15, 2014, 01:13:55 pm by bile666 »

Offline liondani

  • Hero Member
  • *****
  • Posts: 3737
  • Inch by inch, play by play
    • View Profile
    • My detailed info
  • BitShares: liondani
  • GitHub: liondani
Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #179 on: April 15, 2014, 12:58:40 pm »
The difficulty has changed x4 ..

Goodbye PTS

what thinks bytemaster about the situation and what will they do?


PS clear that out pls because  phrases like "Goodbye PTS" every now and then can only panic investors out of PTS.
« Last Edit: April 15, 2014, 01:11:35 pm by liondani »