Admittedly, mining isn't that profitable anymore. But the potential for this coin is massive.

It's Proof of Stake now, so you can only mine it by holding it in your wallet, this is not intensive, doesn't require GFX cards etc.

The mining pool will switch to other profitable coins and then dump them on the market. Essentially sucking in their value into BlackCoin, it's like a Black Hole.

When the concept for this started, the value went 10 fold in 2 weeks. The pool has changed hands, they're rebranding it, bug fixing and it's just come out of closed beta.

This coin will 10 fold again, I'm sure.  During the concept it was pulling as much as 10GH/s, this creates around 50 bitcoin buy pressure on the value of BlackCoin, pushing it up.

Don't give up now, give this a go for even a week, hold the coin in your wallet and forget about it even, come back in a few months.

ok... I'm mining it... but I don't see how it has any value ?

or why anyone would pick it over bitcoins / other coins ?

They all have value while Bitcoin does.

You can't mine BC anymore, it's purely proof of stake. While you mine on that pool, you're mining other coins, they're being sold for BC. This will give the coin perceived value and that should only go up. Once more people notice it, things should only improve.

So mine for a week and then hold if you want to quit mining. Just hold them coins in your wallet and keep the wallet open and unlocked if you want to earn interest.

I'm giving it a bash, though

"How many coins will there be?

There is no fixed amount."

is of genuine concern

Quote from: Walrusbonzo on March 27, 2014, 08:09:27 AM

They all have value while Bitcoin does.

You can't mine BC anymore, it's purely proof of stake. While you mine on that pool, you're mining other coins, they're being sold for BC. This will give the coin perceived value and that should only go up. Once more people notice it, things should only improve.

So mine for a week and then hold if you want to quit mining. Just hold them coins in your wallet and keep the wallet open and unlocked if you want to earn interest.

I'm giving it a bash, though

"How many coins will there be?

There is no fixed amount."

is of genuine concern

It shouldn't be, inflation is 1% and that's fixed, forever.

I got my first 24hours worth of minimy payment (mining most of te time)

got 69.5 bc

at 2000bc/btc that's a bitcoin/month   which is pretty good :-)

According to people I follow on Twitter, two big whales have bought in and intend to push it to 50k satoshis. Even without this help, the coin value should go up, in theory. It's already gained 20% today.

I hope this works, I'm in the top 750 BlackCoin richlist. lol

Follow me on Twitter, from there you'll be able to follow some of the same people invested in this coin.

Knowing what others are doing can be very valuable in this game.

@walrusbonzo.

Currently it's no more profitable than mining any other coin, but as the value goes up, the coins you got the day before are worth more.

The pool is picking up, more users now, and SHA256 has been added.