FastCoin Crypto News
Dear FastCoin community,
Please NOTE: This post was a continuation from the Bitcointalk.org forum response. Please click on this or the title line to read the original post. Please continue to keep us posted of any other strange behavior that you may notice on any other mining pools. We would like to be able to create a list and qualify some of FastCoin pools out there, and perhaps provide recommendations to the community. To date we have not had a lot of time since the release of FastCoin to verify the integrity of some of these mining pool operations. Please understand that it is very difficult for us to monitor and police the mining pools as they do offer voluntarily service and we do understand that they need to cover some of there operational costs. Having said that, it is understood that pool operators have the option to exercise basic fees or request donations from its members through a variety of methods. Typically a 1 - 3% Fee is not outrageous and would seem reasonable. But yes if you feel a considerable amount may be siphoning off then that is not an ideal site, and again in fairness to the pool operator it may be that there site is or was "Broken" or not operating properly at the time of your mining experience. Currently the best thing we can offer you is to check the posted FastCoin mining pool list from here... http://www.fastcoin.ca/mining-pools.html From our experience we have found the following three FastCoin Pool sites to be the best in terms of up time and consistency of payouts... http://fst.ltcoin.net http://fst.zabmail.ru https://www.miningpool.co/ If you are a FastCoin Pool owner/operator and would like us to include you in one of our recommended FastCoin pools list, please send an email to info@fastcoin.ca and we will do our best to assist you. Again you need to check and verify which site works best for you, internet proximity may play a role in choosing the best pool as well. IE if you are in Asia perhaps a pool in that geographical location may suite your purposes better then one found in North America. Again this is not 100% as some sites in Asia have preformed well during North America site outages and vis-versa, you will just have to check and perhaps move from site to site till you find one that works best for you. We will do our best to continue to check and modify this list should new information becomes available. Bitcoin Bull Closing in on Key Resistance at 136
The First Automated Bitcoin Trading Robot
The price of bitcoin at other, large exchanges has continued to follow the high volume move at Mt. Gox Monday. The bid/ask for bitcoin at Coinbase has risen to $110.64/$111.72.
Additionally, Coinbase provides some metrics on the Bitcoin network, which show that Monday’s big move also coincided with a record amount of bitcoin transactions. A bitcointalk forum member, Klao, posted an excellent analysis of the recent move at Mt. Gox, which has been the source of much excitement this week. Grouping the orders together into round chunks, Klao suspects that a single whale, or large order trader, was behind most or all of 17,500 bitcoin purchased over a few hours, which made up most of the volume and accounted for most of the increase in price. Gas Station Fillup with Bitcoin - #LifeonBitcoin |
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With Bitcoin’s promise of frictionless transactions, particularly across international borders, it’s inevitable that a team would use the math-based currency to attack the global remittances market. The World Bank estimates that migrants will send about $515 billion to relatives in developing countries by 2015, which is about 10 times the size of the U.S.’s budget for foreign aid. The old stand-bys like Western Union can charge around 10 percent for transactions in the market, an amount that Buttercoin co-founders Cedric Dahl and Bennett Hoffman find obscene.
