What Is Going On With BlackCoin?

For the final article of the day, I want to give a bit of the spotlight to BlackCoin. There have been some concerns among the community about the Multipool, and the price on exchanges keep dropping as well. What is going on?

A few people have been voicing their concerns about the BlackCoin Multipool payouts. Reports have come in through IRC and BitcoinTalk about payouts being very low, despite earlier calculations. You always have to take these things with a grain of salt though.

Keeping in mind that there is no such thing as a very profitable multipool over the past few weeks, it was only a matter of time before the BlackCoin Multipool would lose some of its profitability.

I’m sure the pool owners will have a good reason of why the payouts are lower than expected, but so far no official announcement has been made yet on the official BlackCoin news page.

In other news, the BlackCoin price has dropped severely since last Friday. At first, a lot of people including myself assumed this was because of Easter holiday weekend, but it seems to get slightly worse on a day-by-day basis.

Current prices on MintPal show BlackCoin as low as 31070 Satoshi per BlackCoin, or a loss of 17.15% over the past 24 hours. It’s still up from the 24 hour low, which was 29005 Satoshi, but way off the 24 hour high, which was at 42500 Satoshi.

Especially with the recent announcement about the upcoming giveaway of a KnC Miner Titan by the BlackCoin Multipool owners to one lucky miner, you would expect BlackCoin prices to go up, and not go down, because more people would be mining on the pool.

I’m not trying to spread FUD or cause a panic by writing this article, these are just publicly available facts that anyone and everyone can verify. I am legitimately concerned about these happenings, nothing more and nothing less.

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