Topic: [ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink - page 111. (Read 297708 times)

Yeah what's going on...

Could Octo be getting pumped? 

crazy buyer on bittrex 

Yup, woke up with 25 messages of "tip expired" in the Reddit inbox. Will keep an eye on things as always and will report to you

@Edric I told you twice to keep your bounty, but if you really are so insistent send it when you can and I'll find a good use for it.
^{Also, Valve can't count to 3}

It's just for fun and learning, and I'm obsessive about things.

I was reading Mr Octo's posts and I totally get what you're saying about the whole multipool situation. Mine isn't planned to be geared solely towards 888 for that reason, but I'm planning at least some type of 888 reward system for those that want to hold. Lots of variables I need to consider, and lots of scripts to write.

I actually took most of a day off today. I must have been thinking of another game, though, I saw a trailer for watch_dogs a few minutes ago and it looks pretty awesome. I may have to give that a shot. Ended up playing Half-Life 2 ep's for a while and started getting all angry again for the first time in years. Where's Ep. 3? Actually, I think it may be coming, but still.. 7 years? Speaking of vaporware, I better get back to work soon, I don't want my new pool to be.

Liking what we're seeing - keep up the good work.

The Reddit OctoCoin Tip Bot is back online - we thought our Reddit Gold subscription would automatically renew each month but apparently that wasn't the case; the 3-month subscription we had expired and, as a result, CAPTCHA issues locked up the tip bot. We purchased a 12-month Reddit Gold subscription, made a couple tweaks to the bot, and fired it back up. If you notice any issues please inform us via PM or at:

[email protected]

Emails that go to the above address are forwarded to all of the OctoCoin team members so it's a good place to send anything urgent.

yeah that's pretty awesome

FUCKING SICK

okay i'm going to paste that everywhere

let's tag that bitch

thenotfatguy, have you already performed a giveaway for mintpal votes in the past? perhaps i just didn't see it but it's not popping into my memory. but yeah i think that it would be a great tool to start cranking up this engine. and just to be clear on my end, i'm not insinuating that if we got listed on mintpal tomorrow, all the services would be out the door the next day. I'm simply trying to anticipate a rough timeline in my head for when these are probable, and how to make sure that the community is up to speed for when they arrive. wanting to support this coin beyond the bumper-sticker level, i think that the community's main focus is indeed the mintpal listing. that's what we have power over, so that's what will get done.

*wait a minute, VOTE FOR OCTO 2014 bumper stickers! brilliant! and a poster like the Shepard Fairey "HOPE" one, with instead a 1/4 silhouette of the octo logo in blue and red, with "OCTO" at the bottom. we could mimic a whole political campaign replacing copy with "VOTE FOR OCTO" www.mintpal.com would be easy to rip-off, there's tons of source material for that.

anyways, my point is look at digibyte, they launched with a lot of fanfare, services, promo, 30 different languages, they had bounties, givaways, it looked like they did everything right. but they did this overnight, they tried to become an insta-celeb in the crypto world, and a lot of people didn't bite. the coin flopped, when it looked like it could have been the first coin in a while to get it right. I feel that for a community to have a real lasting interest in a coin, it has to be brought up grass-roots. So far, octo gets outstanding marks in this field, but we're plateauing.

So let's get that ball moving, let's get that momentum building.

A mintpal vote giveaway wordpress or something perhaps? a webpage that could easily be linked, facebooked, tweeted and retweeted? i want something that can be thrown around the web like a ragdoll. I can write copy (non-smutty i promise), but i have little technical expertise outside that. A slick 1-pager with site links, the BCT thread link, and a stat counter to show how many votes we have, if that can be pulled from the mintpal API at all, not sure on that one but would be cool. definitely a counter showing the total prize reward.

12 days till the bonus blocks end? let's start it tonight. 12 days of octocoin bam, done. link to the faucet to get a few octo in people's pockets, encourage them to mine, and then a contest for votes. I'll pledge 3000 octo for it right now. and another 3000 to whatever person or team makes it a reality.

Just to clarify: while one of our core products will require an exchange with high-liquidity... it does still remain in the final stages of development. We don't want to give the false impression that the only thing holding us back is being traded on MintPal. If that were the case, we would have already paid for the needed votes as I'm sure our investors would be more-than-happy to fast-track things - they are extremely excited for the next steps (and growing slightly impatient with us due to the initial overly-optimistic timelines we provided them with). Quality takes time. That being said, 888 trading on a high-volume exchange opens a number of doors while simultaneously increasing exposure and is certainly something we are looking forward to. MintPal is also something we currently view as a prerequisite for release of a number of our projects.

In speaking with FusionHash, we are also concerned that an 888 multipool will skew the price far too rapidly with an exchange like Bittrex at the core, making it difficult for people to purchase 888. We are all for experimentation, of course, and there will be a number of factors at play. For one, an increased price will lead to increased (traditional scrypt) multipool interest which means an increased network speed, a reduced percentage of 888 going to holders, and a higher proportion of sell orders from the multipools. At the same time, we are looking at a reward reduction in the pipeline which will cut into coin availability on the mine-and-sell side. It is an interesting dynamic and the only way to truly know the outcome is to put it into production. FusionHash has at least 100 water-cooled R9 290s (I believe) and if they pointed them all at their own X11+Scrypt-N 888 multipool it would probably overwhelm the buy order book in a heartbeat. What's great for value isn't great for mining returns at the start, in that instance. The biggest winners there would be ASIC miners and current 888 holders as they would now be able to sell coins at the GPU-inflated price. I'm not saying that's a negative thing - it's simply a fact that sucks some of the excitement out of the multipool concept. Obviously right now, we're nowhere near our target value - in fact, we're about 5 times below our projected value at this stage. Again, a number of factors contribute to that and it's not something we are concerned with. We just want to make sure everybody comes out on top and, in the process, OctoCoin grows into the currency we always envisioned it being in addition to just another speculative commodity.

In case that was a bit muddy: we will be working with FusionHash on the 888 multipool and they will be launching it in the near future.

We have a number of coins dedicated to contests/giveaways/etc that remain completely untapped as we haven't found the right opportunity. If members of the community want to organize a contest/etc for MintPal votes, we would certainly contribute the 888 to the purse.

yeah, the 33MH was me, my rental expired. still not anywhere near as profitable as just buying them, but it's more fun

so once more we see that with fusionhash's post, the bottleneck is getting on mintpal. we need to be laser-focused on this guys. we need a plan going forward to get the additional people invested in octo that will be voting everyday, multiple times per day. we're #16 now, and there's at least 8 coins that have little movement which we can pass without an issue. this is the good news. the bad news is our competition from coins which DO have momentum, not to mention the known unknown of future coins yet to be released which will crowd-source votes in a heartbeat and fly past us in a single weekend.

WE NEED MOMENTUM.

and we have a lot with our core group, but we need a vision going forward to double that. if we could get 400 votes per day instead of 200, we'd be able to get within sniping range of #1 within weeks instead of months. my proposal is a give away, we can donate towards, for whoever votes the most on mintpal. or something like that, if you can iterate on that idea, run with it, let me know, i want to hear feedback from this group. looking for technical application, and social engineering.

EVERYTHING IS DEPENDING ON IT GUYS. you want your coins to have real value? then we need your help getting there. We all do our part voting ourselves, but we need our friends, enemies, family, co-workers to all be voting for octocoin on mintpal 10 times a day. get them interested in the coin, get them excited about the coin, hell GIVE them some coin to get excited about! then keep them voting! you behind on your rent? get the vote out! you stuck paying alimony? get the vote out! you ride the bus cause you can't afford a car? GET THE VOTE OUT!

also edric, play watch dogs, trust me, that game's always running in my background it's fun to jump in, run a quick side mission, then hop out of and get some work done. just make sure you turn random encounters off in the options, so people can't invade your game while you're idling.

The 1.8 Mac 888 wallet has been running great for me for about a week now - is there an issue I missed somewhere? Or are you just doing it for fun? If it's for a side project, the Octo devs should be willing to help you out as a thanks for all you've done for OctoCoin.

Yeah there was someone throwing 33-ish MH at the pool, it's gone now

My mining rig died last night, had to replace the micro SD card I was running it from and reconfigure the entire thing, haul a monitor and keyboard in there to reinstall the wifi driver.. Need to get with the times, running an old version of BAMT that I've tricked out a bit.

I think I actually have watch_dogs, just haven't played it.. Just like I haven't played FarCry3, Just Cause, or anything else I've been meaning to play in the last few years. Now that I actually have a GPU in my PC though, I'll be getting more game time in, maybe. I ran Final Fantasy XI a couple of times in the past few days and within a couple minutes alt-tabbed to something I was working on and forgot about the game. Happens every damn time. A bunch of my friends moved on from FFXI to Final Fantasy XIV, I benchmarked it earlier with this 7950, got a perfect score with every setting cranked up as high as they'd go. Serious eye candy, that game. Plus, cat women.

@GWCalvert, thanks for the hashes, my friend. The same goes for every one of you! Don't forget if you get the gambling itch to check out my game(s), http://octo-chance.fedaykin.us.. I've got a Doge version of the same game up, probably impolite to mention here, but http://such-chance.fedaykin.us.

If anyone was wondering about the multi-pool thing I've been planning, well, there hasn't been a whole lot of progress, but I've been exploring potential methods of making it work. As far as the actual pool system (the backend), got that covered. I know NOMP has a lot of planned features for multi-pool, profit switching and all that, but I'm not really sure on their timeline or if it's even going to be suited for my needs, so in the meantime, I'm experimenting with the one programming environment that I actually know from top to bottom (LiveCode). I actually released an app a while back that scraped several exchanges for coin prices, and the language is completely cross-platform, and the framework of my old app will actually work perfect for scraping prices and stuff, so we'll be cool and call that progress, for now. It's pretty awesome because it can fetch prices with or without an API, it can pull data from anywhere. Kinda proud of it actually. Now to adapt it to a pool and throw in some logic to detect what coins sell quick at the best prices. It's gonna be an ugly hack but it just might work for intended purposes. As a plus, it'd be configurable in any imaginable way, and I don't have to deal with javascript.

Ok so back to work with me, but I am setting some game time aside today, for real. I'm getting very obsessive on all this stuff and it's stressing me out, but I do enjoy it. I actually built some Mac wallets yesterday, the *coinds ran, but QTs did not. Even with all deps built as universal binaries its a mess building for i386 arch, especially a statically linked binary. About to move lots of stuff around and rework my entire setup so I can run Mac VM on intel x86-64 and build to that arch. Anyone know if it's worth my time to try Gitian for building Mac binaries?

This multipool idea sounds really great! 

Professional poolowners, professional devs, a great community, multipool, an all in all nice looking coin... so... what could stop us? 

~12.5 days left. The drop-off will be significant as the block reward will be cut by 55%. There will then be about 3 months of 88 Octo blocks until the standard rewards and annual halving begins. We are hoping to have our X11/Scrypt-N OctoCoin multipool online, in addition to our custom mining software, for the big drop at block 94,255 but we remain concerned with the liquidity at Bittrex. FusionHash invested in a large GPU mining farm as soon as ASICs were released and GPU prices dipped so we understand the need to put more power back in the hands of GPU miners. Until OctoCoin is listed on a larger exchange, we may have the multipool pay out a mix of 888 and bitcoin. While increasing the value of 888 is a nice side-effect, raising it too rapidly would defeat the purpose of mining in the OctoCoin multipool. The key here is a balance and, by offering a mixed payout of BTC/888, we can achieve that more easily. Obviously, individuals could manually purchase more 888 with the BTC if they choose but our concern is an automated system that is constantly keeping the sell order book dry. Once 888 is trading at Mintpal we could adjust the ratio or possibly even pay out in pure 888. The FusionHash Exchange Beta was a success but due to a saturated exchange market and other irons in the fire we have opted to delay the release of our exchange indefinitely.

Jeah, right, no problem my friend! 

But, is it really the last week?

tough titty!

we've all had more than long enough to accumulate some octo, it's about time we shoved a jalapeno up this ship's tailpipe =p

and all i'm trying to do is get more miners, they'll probably dump anyways, and you'll be able to buy, but we need more SQUID SOLDIERS with 8 boots on the ground fighting for this coin, we need them to turn out the vote, and to raise this coin's profile. we've been doing just great with a minimal crew for a long time now, time to start getting new meat