Nxt Forum

Nxt Discussion => Nxt Monetary System => Topic started by: Tempest on February 02, 2015, 11:51:43 am

Title: Uranium [URANM] Offer Thread
Post by: Tempest on February 02, 2015, 11:51:43 am
Selling 10k Uranium @ 0.02 - Visit Exchange Booth
(http://i.gyazo.com/95495ec50ae365a80342e6d8e2ea22ae.png)

Thread will be updated with various offers.
Title: Re: Uranium [URANM] Offer Thread
Post by: mnporter2001 on February 02, 2015, 12:04:03 pm
Not a good move IMO

10000 @ 0.02

Will effectively make minting this un-profitable,

At the moment to make profit from this you need to mint 50 at a time and then sell for 0.1 and even then you only make 3NXT profit after fee's

With you now selling @ 0.02 you have to mint in lots of 200 and then you profit 2 NXT after fee's

I shall be pulling out of this currency now

Cheers
Mark
Title: Re: Uranium [URANM] Offer Thread
Post by: Tempest on February 02, 2015, 12:07:20 pm
Not a good move IMO

10000 @ 0.02

Will effectively make minting this un-profitable,

At the moment to make profit from this you need to mint 50 at a time and then sell for 0.1 and even then you only make 3NXT profit after fee's

With you now selling @ 0.02 you have to mint in lots of 200 and then you profit 2 NXT after fee's

I shall be pulling out of this currency now

Cheers
Mark
This won't permanently lower the price however it will create momentum in trading and once my order is filled, others will sell for a higher price.
I'm just gaining attention to the coin.

By the way, I can mint 100 at a time with a horrible CPU and GPU, that's the beauty of low difficulty :P

Come back in a day, I'll be offering more 'buy orders' to increase the price. This time at '0.03' as an instant profit for those who buy the 0.02 coins.
Title: Re: Uranium [URANM] Offer Thread
Post by: mnporter2001 on February 02, 2015, 12:13:41 pm
I'm not having a go by the way, as I said in my other post I think it's great your active.

Its not profitable for me with the parameters I set out to mint, that's not to say others have diferent parameters to me.

I shall keep an eye on this and mint again when they are selling @ around 0.1

Cheers
Mark
Title: Re: Uranium [URANM] Offer Thread
Post by: Tempest on February 02, 2015, 12:33:37 pm
I'm not having a go by the way, as I said in my other post I think it's great your active.

Its not profitable for me with the parameters I set out to mint, that's not to say others have diferent parameters to me.

I shall keep an eye on this and mint again when they are selling @ around 0.1

Cheers
Mark
I completely agree with you, after a while, hopefully orders will start flowing.
Title: Re: Uranium [URANM] Offer Thread
Post by: mthcl on February 02, 2015, 07:59:16 pm
By the way, you cannot mint more than 175 at a time. At least I got an error that "you cannot mint more than 1/10000 of the total supply at once".
Title: Re: Uranium [URANM] Offer Thread
Post by: qwep4ik on February 03, 2015, 06:31:25 pm
no orders to buy, only for sale  >:(
Title: Re: Uranium [URANM] Offer Thread
Post by: mnporter2001 on February 03, 2015, 10:41:49 pm
no orders to buy, only for sale  >:(

Are you surprised ?
The OP effectively de valued this coin down to 0.02 when he put up his buy wall, buyers got them cheap and  minters stopped minting as it was un-profitable , sad really because the OP almost did it all right.

Still having said that it may pick up

Cheers
Mark
Title: Re: Uranium [URANM] Offer Thread
Post by: Tempest on February 04, 2015, 05:03:02 am
no orders to buy, only for sale  >:(

Are you surprised ?
The OP effectively de valued this coin down to 0.02 when he put up his buy wall, buyers got them cheap and  minters stopped minting as it was un-profitable , sad really because the OP almost did it all right.

Still having said that it may pick up

Cheers
Mark
Don't worry ;)

v2 is coming soon. I'll PM you and a few others to remind you when it's launched.
Title: Re: Uranium [URANM] Offer Thread
Post by: mnporter2001 on February 04, 2015, 06:28:00 pm
no orders to buy, only for sale  >:(

Are you surprised ?
The OP effectively de valued this coin down to 0.02 when he put up his buy wall, buyers got them cheap and  minters stopped minting as it was un-profitable , sad really because the OP almost did it all right.

Still having said that it may pick up

Cheers
Mark
Don't worry ;)

v2 is coming soon. I'll PM you and a few others to remind you when it's launched.

okidoky :)
Title: Re: Uranium [URANM] Offer Thread
Post by: Charloz24 on February 04, 2015, 08:27:12 pm
no orders to buy, only for sale  >:(

Are you surprised ?
The OP effectively de valued this coin down to 0.02 when he put up his buy wall, buyers got them cheap and  minters stopped minting as it was un-profitable , sad really because the OP almost did it all right.

Still having said that it may pick up

Cheers
Mark
Don't worry ;)

v2 is coming soon. I'll PM you and a few others to remind you when it's launched.

What is v2?
Title: Re: Uranium [URANM] Offer Thread
Post by: mnporter2001 on February 04, 2015, 08:46:49 pm
I would guess at it meaning version 2 of the coin.

Thanks
Mark
Title: Re: Uranium [URANM] Offer Thread
Post by: Charloz24 on February 04, 2015, 11:28:45 pm
Yeah but does that mean that it will be another coin release and this one will be obsolete?
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