Pages:
Author

Topic: [AEC] ALTER EGO COIN - LAUNCH April 26 MINER DOWNLOAD READY - page 11. (Read 23140 times)

newbie
Activity: 42
Merit: 0
You're right.
What I'm saying is that the main feature of this coin (other than the new algo) is not a decentralized service, but exchanging to FIAT will never be decentralized.

Doesn't worry you that if it's too easy to exchange to FIAT, miners dump this coin as soon as they mine it? Taking its value down?

In the other and it can go the other way. People buying it to cash out other currencies. Being a great way to buy Bitcoin and other Alts.

We'll see.


At least it would bring great Net hashrate if the price is right.


I like the ideia of this coin.. A LOT.

Will mine this for sure (Make the algo run cooler than darkcoin Wink and we have a winner)


The exchange is estimated to be released about 3 weeks after mining have intiated so it will not be possible to dump coins from day 1.
The exchange will have a solid reserve of AEC (we will invest ourself in the IPO to ensure that).
It is also our belief that a high number of possible IPO investors are long or short term investors, massive dumps from the inital investors would mean that they shoot themself in the foot because they would bring the AEC value below their own investment value.

Example:
- You send a transfer to us on monday with 30 confirmations needed. (not final number just for example)
- We then almost instantly put the same amount back at the open market of the exchanges AEC stock or trade them for Bitcoin. (yes we have local interested investors looking for Bitcoins, Martin works in the bank sector and that question is brought up more and more frequently.)
- We send your bank transfer on thuesday.
- We make 2% + transfer fee on what we deduct of you payment.
- Someone else might buy or invest in the AEC we put back on the market to make another conversion before we even made your transfer and we make a few % on that transaction also..
- If we keep high volumes we will be able to negotiate down our trade fee`s with exchange owner considering that plenty of people will make their Bitcoin/other Crypto>AEC conversions at that exchange.
- If we judge that current price AEC is to low we use reserves to pay out your transfer and put the AEC back on the open market when we choose to.
- Repeat the cycle and we keep making a few % on all AEC>FIAT conversions, our estimation is that it will be a almost neverending need for this service for years to come.

The Crypto>FIAT exchange is not possible to decentralise except if you not use a service like localbitcoins or similar where you trade them for cash with another person in private.

AEC mining will be conducted using several different algos, we make no promises that it will be 100% easy on your card(s).
Some of them will be very memory intensive, some will not.

/AEC team
 
newbie
Activity: 18
Merit: 0
You're right.
What I'm saying is that the main feature of this coin (other than the new algo) is not a decentralized service, but exchanging to FIAT will never be decentralized.

Doesn't worry you that if it's too easy to exchange to FIAT, miners dump this coin as soon as they mine it? Taking its value down?

In the other and it can go the other way. People buying it to cash out other currencies. Being a great way to buy Bitcoin and other Alts.

We'll see.


At least it would bring great Net hashrate if the price is right.


I like the ideia of this coin.. A LOT.

Will mine this for sure (Make the algo run cooler than darkcoin Wink and we have a winner)
newbie
Activity: 42
Merit: 0
From what I could understand, this coin has value for the fact that a "central bank" guarantees conversion to FIAT.

Isn't this non-sense? When we're talking about cryptocurrencies?

Wouldn't it be "cooler" if it has conversion to Beer or Fanta? Just to every 100.000 coins be worth something. =D

It's an experiment.


Just wish you Good Luck! Going to watch this  Wink

From a blunt point of view most altcoins have a value only because you can convert them for bitcoins or litecoins at an exchange and then use them to buy items/services online or trade them for FIAT.
Giving miners a the opportunity to trade the coin they mine against FIAT for a fee in a easy and straightforward way is something that currently does not exist for miners in many countrys.
To be able to trade your crypto for a bank transfer would in our opinion be much more attractive then to be able to trade it for a Fanta.
Fanta is nice if cold on a warm summer day but it would be impossible to pay your electricity bill with a bussload of Fanta`s or to trade 500 Fanta for a new CPU or GPU.

We will not work as a central bank, we will work as a middleman for conversion of AEC to FIAT.
We will not provide any banking options at all, you will not be able to store your AEC at the exchange.
newbie
Activity: 18
Merit: 0
From what I could understand, this coin has value for the fact that a "central bank" guarantees conversion to FIAT.

Isn't this non-sense? When we're talking about cryptocurrencies?

Wouldn't it be "cooler" if it has conversion to Beer or Fanta? Just to every 100.000 coins be worth something. =D

It's an experiment.


Just wish you Good Luck! Going to watch this  Wink
member
Activity: 112
Merit: 10



Reward System: Full Stratum/Vardiff system with PROP
Server Location: Europe / America
Pro Hardware: Connections: 10 gigabit network hypervisor/storage. Direct connection to AIMX, MSX
Storage: Fast ZFS based environment with SSD cache and 32 disks.
CPU: Xeon 64bit / 16 powerful CPU cores
Ram: 128 GB RAM.

Security:
Two different geo-locations Hot wallets (primary and instant back-up).
Offline secured cold Wallet.
Automated back-ups and warning system for operators.
Ddos protecion.
newbie
Activity: 42
Merit: 0
is it more profitable than LTC atm?

AEC mining will start in about 1 month from now that question is impossible to answer.
Litecoin is very likely to be a popular target for FPGA`s so the daily LTC gain is very likely to decrease for users mining with GPU`s considering that when/if the difficulty rises your gain decreases but your electricity cost remain the same.

We belive that the strong points of AEC will be that it will only possible to mine with a GPU and the exchange will make Crypto>FIAT conversion fast and simple.

member
Activity: 98
Merit: 10
is it more profitable than LTC atm?
newbie
Activity: 42
Merit: 0
To whoever that did try to access your email this night please give it up - you need one of 2 USB sticks that lies safely inside a safe and a bank deposit box + a password longer and more complicated then you can imagine Grin
newbie
Activity: 42
Merit: 0
Bounty added for translation of ANN post for the Chinese subforum, this was suggested by a Chinese member of the forum that offered to translate and we added a smaller bounty as a token of gratitude.
This bounty is currently reserved!
If this pans out well he will be our go-to guy for future translations.


Member have not yet responded back to us so this bounty is again up for grabs.
sr. member
Activity: 392
Merit: 250
Looks like better than myriadcoin.
newbie
Activity: 42
Merit: 0
Nice to see a local initiative that aims a little higher then Ekrona..

Skickar er ett PM med några frågor.

We would be grateful if questions could please be asked in this thread and in english only so everyone have the possibilty to read both the question and the reply.

AEC exchange aims to be what btcx.se is for the swedish market but for the international market and we will of course use AEC for trade instead of bitcoins that btcx.se does.
Our fee`s willl also be lower(alot lower) and we aim to serve a international market while they focus on local BTC>FIAT exchange.
full member
Activity: 126
Merit: 100
Will keep an eye on this.
member
Activity: 98
Merit: 10
Nice to see a local initiative that aims a little higher then Ekrona..

Skickar er ett PM med några frågor.
newbie
Activity: 42
Merit: 0
Let's see what these swedes are up to Wink

We hope this will be for Crypto>FIAT exchange what safety matches was for smokers or dynamite for construction Smiley
full member
Activity: 156
Merit: 100
Let's see what these swedes are up to Wink
newbie
Activity: 42
Merit: 0

MINER DOWNLOAD:
https://anonfiles.com/file/830cc318369475b6292699ce68de5194
Password will be the same as for wallet.  



Introducing: Alter Ego Coin , 100% ASIC&FPGA safe PoW GPU coin with AEC/FIAT exchange.

LAUNCH DATE: 26:th of April 20:00 CET
IPO INVESTMENT PHASE ENDS 25:th of April 20:00 CET


Preliminary release date: 26:th of April. We have choosen to release on the weekend to make the launch as fair as possible.
This project is being worked on side by side with University studys, work and parenting by the Development team.
We estimate we should be done by then, it might be released on the 27:th and in a absolute worst case scenario the weekend after.

After Bitcoin mining became ASIC centralised people converted to Litecoin/altcoin mining and since Scrypt mining is soon
going to be just as centralised as Bitcoin mining we came up with the solution - Alter Ego Coin.

The Alter Ego network will be secured by multiple hashing algoritms rotating in a pre determined cycle
that will make AEC impossible to mine with any currently existing or in the pipeline type of ASIC/FPGA.
AEC mining will require a customised miner to mine and the miner is currently in progress.
Exactly what algos and how many different algos that the miner will use will not be made public yet.

Our aim is to take the power back from a few companys that produce ASIC`s and FPGA`s for a small elite of miners able to invest
thousands of USD into dedicated mining equipment and re-decentralize crypto giving everybody the opportunity to mine, now and in the future.
At the same time we wanted to develop a coin that fast and easy can be converted into FIAT and sent almost anywhere in the world.
A coin that gives you the option to instantly exchange your Bitcoin or any other cryptocurrency into AEC and trade the AEC for FIAT and have them sent directly to your bankaccount.


We will have downloads for Windows, MacOS, Linux source available on release - no one will be left out in the dark.
Release will come after a 3 days prior notice and a public countdown, we suggest that you keep an eye on this thread
or even better add us on Twitter @AlterEgoCoin to not miss any updates.
Release on th 26:th of April.
Three 0% fee P2Pools (1 EU, 1 US, 1 CN) will be available on release and they will remain open until we see at least a few other pools up and  running, then we will close them with a 24 hours prior notice.
It is our firm belief that pools should not be run by developers, they should be run by independent pool operators being a part of the community!



The Exchange:
In paralell with the coin and the miner we are working on a AEC/FIAT exchange that is planned to go live a few weeks after mining have
started. The coin will by then be listed on at least a few major/larger exchanges and the market should have determined its value.
We will be able to conduct IBAN/SWIFT/BIC transfers for up to 4000SEK or roughly 625USD per transaction without a know-your-customer process
in full compliance with our local laws and regulations.
If you want to exchange larger amounts we suggest doing several transactions with 1 day(24 hours) in between or going through the registration  process that we will try make as fast and painless as possible.
Our aim is to keep the process under 24 hours on working days, national holidays will of course be listed on the site.
Upon launch this service will be available to EU+Norway, USA/Canada and Chinese customers only!
India and other countrys part of the commonwealth is second on priority list, Africa and South America are not considered at the moment sorry.


PLEASE NOTE: For some countrys we might need optional information like Sort code or Routing code or Routing number.

PLEASE NOTE: Certains fee`s will apply using this service, our goal is to keep the payout to the customer above 95%.
For smaller transfers the percentage might be lower and for larger it will be higher in the 97.5-98% range for none KYC sending transfers for the maximum amount (4000SEK).
Transactions will be sent out on the next working day.
Transaction time might slightly vary from country to country and from bank to bank.
Payments will be made in SEK only so an exchange fee might be applied by your bank.
Exchange rate will be determined by the timestamp for when your coins reach us, not when they are sent!
This combined with the higher number of confirmations for exchange is needed will prevent the coin being pumped then dumped on us for FIAT.
There will be a roof at 40000SEK/week for KYC verified customers, this limit we hope to remove or increase as soon as possible.

PLEASE NOTE: If you transfer when reaching us should be worth more then the amount we are allowed to buy without a KYC process (4000SEK)
then the surplus will be considered a donation to charity through Garissa.se
example: your coins are worth 627USD instead of 625USD then 2USD will be donated to Garissa.se that helps young girls in eastern Kenya with housing, education and most important help them avoid female genital mutilation.
This is to prevent situations where we are not allowed to buy the amount sent to us w.o putting your payment on hold and force you to
initiate a KYC process.

Coin info:
Block value: 50AEC
Block time: 2 minutes
Block reward halves: every 500000 blocks
Total coin supply: 50000000  
Difficulty adjustment: 5 blocks
Start difficulty: 50 (to prevent insta-mining)
Confirmations needed for transactions: 10, for the exchange the number of confirmations will be set higher!
Confirmations needed for maturity of mined blocks: 120
Clients available upon release: Windows, MacOS, Linux and Github source

Premine: 2% or 1 million in total - 950000 for IPO. 25000 for bountys, translations, giveaways & promotions.
15000 to buy into selected exchanges and 10000 for developers (=1% of premine or 0.0002% of total coin supply).

Information about investment:
- 950000 AEC will be divided among the investors depending on their percentage of total investment, if there is 1 Bitcoin in total investment and you have invested 0.01 Bitcoin you will recive 9500 AEC.
Minimum investment is 0.001 Bitcoin, smaller amounts will be considered donations to Garissa.se
To make a investment make a Bitcoin transfer to: 1uNnWfU681S24gwNpJuuJoxRSM44sjCsH
And then post here in this thread or PM/email ([email protected]) us your transaction details, if you want your investment to be anonymous then send a personal message or email with the transaction details.
Any investment sent to the Bitcoin adress after the time has ran out will be considered a donation to Garissa.se

Total amount invested will always remain public!
Upon release you will be contacted through PM or email([email protected]) and asked to send us your AEC adress, most likely within 12 hours.
We will then manually send out transfers in the order that we get the replys.
You should have your AEC in your wallet within 24 hours from your reply, please do not spam our inbox to oblivion.
We will send them out on a first come, first served basis - if you can not respect that we will most likely move you to the end of the line!
Please consider the possible time difference and be aware of that the less time we spend on PM`s the faster we can get to you & everyone else.
If you have not recieved your AEC 36 hours after your reply to our PM please contact us and we will provide you with insta-panic support!
Contact information:
Email: [email protected]
Twitter: @AlterEgoCoin
Facebook: TBA


Current bountys:

- Coin logo - Bounty 2000 AEC RESERVED!
Winner: MyMenace
Please post logo submissons directly in this thread.
Bounty raised to 2000 AEC from 1000 AEC.

- Chinese 0% fee pool or p2pool - Bounty 1000 AEC
We are looking for someone that currently are running pools for chinese miners that is willing to cooperate with us to set up a 0% pool ready for the release.
Bounty will be paid out after 7 days of uptime, after 7 days you are welcome to take the pool down or set the fee to any % you wish

Reserved!

- Chinese translation of the exchange - Bounty minimum 500 AEC
We will pay out 1 AEC / english word we need translated, if interested please contact us through PM. Bounty will be payed out after release and after 2 proof-readings.
Bounty reserved for forum member XZM7001

- Proof reading of Chinese translation - Bounty 2x250 AEC
We need 2 people that can double check the Chinese translation. If interested please contact us through PM.

- Optimise the miner -  Bounty 5000 AEC
If you can optimise the miner increasing hashrate with more then 5% we will pay out a bounty of 5000 AEC, if the optimisation only applies to the AMD or CUDA side the bounty will be cut in half.
Bounty will not be paid out for miners that includes a fee or is sold by the developer!

- Follow us on Twitter - Bounty 5 AEC
For those that follow us prior to the release and retweet our offical release tweet.
Follow us at @AlterEgoCoin

- Translation of ANN thread for Chinese subforum - 2000 AEC
Translate the ANN post for the Chinese subforum. Bounty claimed by forum member XZM7001

- Block explorer and coin counter - Bounty 5000AEC
Bounty reserved by forum member btcltcdigger


Q&A - If you cant find the answer to your question in this ANN post or in the thread, please post in this thread or send a PM it and we will include it in the Q&A

- Will you have a webpage or forum?
The exchange will of course have a webpage but we have no plans to introduce our own forum at the moment and most likely not in the future either. We do not want to put the workload of maintaining and moderating a forum on top of our current works in progress as it would steal time and energy and we know that many people want information to be first available here at Bitcointalk.

- Will you allow other Cryptos then AEC to be converted into FIAT?
From the start we will not convert other currencys then AEC into FIAT, in the future we might consider adding exchange of other coins.
We might buy other crypto`s in limited amounts to start with, f:ex if we have an investor that want to buy 100BTC or 1000 litecoin we might put up a temporary buy offer for that exact amount.

- Will you sell any form of products, computer hardware or similar?
Not from the beginning but we are in loose discussions with a local company about becoming distributors for Gold, Silver and Platinum bars. A crypto > precious metals exchange service will most likely be available earliest by early autumn after summer vacations.
At the moment it is low priority on the to-do list but we are aware of that this would be an attractive option for some customers.  

- Will the exchange be run by the team as private persons or by a company.
It will of course be run by a company, we have together invested 100000SEK into a joint stock company (Aktiebolag) on top of investments in hardware, renting a small office, internet connection etc.
We have other possible investors maybe willing to take part in this adventure with us, in a worst case scenario we will use our own resources like apartments, cars and savings funds as collateral to get temporary bank loans.
Full information about the company, address, tax registration number will etc be available on the exchange webpage upon release.
This is public information in Sweden and nothing we can or want to hide.
We aim to get listed on one of the smaller local stock exchanges in a near future, please subscribe to the exchanges mailing list after release if you are interested in future investment opportunitys or just curious in general.

- Will i be able to contact you by phone?
Most likely not to start with, we will try to man the livechat as much as possible but an email or a support ticket would most likely be the fastest way to get in touch with us unless you are a european citizen or a nightowl/early bird because of the time difference since we will not have the possibilty to man the office/live chat 24/7.

- Who are the team behind AEC?
Martin Johansson, bank employee, founder and responsible for marketing, public/media relations and support(for now), also in charge of the coffee percolator.
Tobias Hansson, system developer, founder and in charge of the exchange together with Anonymous.
Anonymous, computer programmer, founder - currently working on the coin, the exchange and the customized miner.
Foppa & Plura, 2 goldfish living at the office that provide mental counseling and act as sounding board.

- Will i be able to solo mine?
Yes! But we dont recommend it unless you have some serious hashing power at your disposal.

- Will i be able to CPU mine.
No and maybe, there is no support for a setgenerate command and the custom miner dont have CPU support, it is not impossible that someone writes and release a CPU miner in the future.

- Will the custom miner have NVIDIA support or be AMD only?
The custom miner will support both AMD and NVIDIA cards.
We can not guarantee that it will be 100% optimised on release but it will be fully functional, optimisation of the miner have high priority and there is also a bounty.

- Why do you buy your own coins and trade them for FIAT?
Because the coins will be put back on the open market or sold to investors or traded against f:ex Bitcoins and
then sold to investors. We will make money mainly of the exchange fee`s and act as local agents for other looking to invest in Bitcoin or alternative cryptocurrencys.
 


Quote
total IPO investments so far:
miningviking BTC0.25591673
maxsolnc BTC0.0965
oncebitcoinedtwiceshy BTC0.2000
anonymous1 BTC0.1000
anonymous2 BTC0.01041285
anonymous3 BTC0.0500
anonymous4 BTC0.12314159
anonymous5 BTC0.01
TPS BTC0.001
KarmaPoliceT2 BTC0.011
anonymous6 BTC0.34051465
anonymous7 BTC0.1091
Darktt BTC0.015
anonymous8 BTC0.20
neo1947 BTC0.6127039
Omalley-crypto BTC0.10

Quote
Pages:
Jump to: