Topic: [ANN] AIRcoin - page 100. (Read 137265 times)

we are growing growing

I just added 7 Mh/s to the network

luke if you say so? I`m with you men DIGGING Air for my 36 hours now with some breaks

As far as we know, not yet. However, we're attempting to get more pools to sign on for this currency, and any help you can offer (any known EU pool managers you can either contact or forward us to) would be appreciated.

Are there any EU pools ? Or even better  ; a p2p pool based in EU ?

The opportunity price is a recommended selling price based on how hard it is to mine. In other words, if it reaches 200MH/S, difficulty is expected to rise to 6.4. This means that any AIRcoin you have at that point, to new adopters, is worth at least 0.0023 BTC. It assumes that, when the difficulty rises, people will want to buy the coins rather than mine them, and miners will want to mine other coins, so as the hashrate increases, the recommended selling price goes up. In other words, when a miner says "Why buy a coin when I can mine it?" they change their mind at this price to "Well, I can buy cheaper than [opportunity price] and mine something else more profitable."

Since both buy orders and hashrates are good measurements of demand, it's a pretty strong assumption. This is one of the core theories Alexander brought to the community that has held strength in determining our block reward and premine amounts.

Next difficulty increase is projected at close to 3.2, putting the next period opportunity price at

In other words:

Difficulty - Opportunity Price
.99 - 0.00033 BTC, $0.165 USD
2.3 - 0.00075 BTC, $0.375 USD
3.2 - 0.00115 BTC, $0.575 USD
6.4 - 0.00230 BTC, $1.150 USD

It's the "strike price" to a miner who didn't care what coin he was mining, but only cares about mining the most profitable coin. Any price above that, AIRcoin would be the best mining investment compared to most commonly listed and traded altcoins. Any price below that, an there may be other coins that are better. Since you guys do care about what coin you are mining and expect this coin to do very well, you may be willing to hold the coins until the price rises further, but this would be the minimum price to sell at to make it "worth your time" so to say, at each difficulty level assuming you get a fair share of coins. It also means that any coins mined at a lower difficulty level, since they will be sold to individuals at higher difficulty levels, will see that proportional increase.

In the case of most coins, inflation lowers the price faster than miners can go buy coins instead of mining them, and that results in an unsustainable position (pick any "animal coin" with 100,000+ rewards in the last month and watch its chart, you'll see what I mean). But even low-reward coins aren't exempt from that. When difficulty increases and exchange rate decreases, that's when a coin starts to fail. Our goal is to keep them both in balance to produce no effective inflation.

As for now, until we can find more pools, hashrates are going to be uneven. Our team is considering bounties for additional pools, but if the community would like to step up and create some more (we have already one member attempting to do so) or attract new pools and miners we would highly encourage it. Our team is reaching out to pool managers and miners who are willing to throw more hashing power our way.

Additionally, a block explorer IS under development and is almost complete and will be launched in the next few days.

uhhh pitythepool's waaaay over 51%!

ctrlaltdefeated hasn't gone over 25-30MH o_o

huge hash rate increase, was almost 100MH! :O

if it gets over about 200MH it's just about no longer worth me mining at the predicted value :/

{
"blocks" : 7995,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 2.29072303,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 92612156,
"pooledtx" : 0,
"testnet" : false
}

Wow, nice hashrate increase since yesterday... this can be a bomb, glad I joined early rather than wasting time on another clone raped my whales/multi, pumped and dumped...

This is going to be interesting ride.

heh there goes the diff retarget.

 2.29072303

I agree on the current 24hr diff retarget.  Every scrypt coin I've been involved with, if it becomes even moderately successful, ends up going to KGW or a 1-block retarget eventually anyway.  There is over 30GH of mining power between Middlecoin, Hashcows and Multipool.us.  They can easily send a coin's diff to Mars within a few hours and it with a retarget of 24h it may take weeks to adjust back down.

Yeah when I tried to git clone it, it took way too long. Downloading as a zip was acceptably fast though.

this shit is impossible to mine 

A Mac wallet is on the way (perhaps today or tomorrow), with 2 more addnodes (today) as well as the Kimoto Gravity Well (TBD: this will require a user wide wallet update, but will give us a chance to add checkpoints and seed nodes into the wallet).

In other news:

http://www.reddit.com/r/Bitcoin/comments/1z010y/open_letter_to_michael_casey_wsj_reporter_who/

This is why the AIA is on this mission.  This technology and its potential to positively impact the world is far too valuable to be left unrepresented by a unified, highly organized community.

Only another 88 blocks and diff doubles.

{
"blocks" : 7815,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.96202402,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 94121292,
"pooledtx" : 0,
"testnet" : false
}

Wow. This coin exploded overnight. Went to bed and network hashrate was at 46 mh/s. Woke up and network hashrate is at 86 mh/s. Quite a jump for 7 hours. I am still going to reiterate my previous statement about difficulty adjustments; something needs to be done about the 24 hour time frame on the difficulty retarget. KGW is a good solution, or even a more old-fashioned 6 hours retarget would be just fine. If we keep growing hashpower at an exponential rate like this, it is going to be more difficult to make updates and improvements in the future.

edit: network hashrate over 100 mh/s!

this sorta thing is what makes me like you (the developers of this coin) and the coin itself.. Why pump and dump for a quick few hundred k at most, when you can build an empire for a relatively quick few hundred million

i don't like the idea of a premine, let alone such a HUGE premine... and the basic idea of the market manipulation you plan DOES sound shady... but that's only if you do it the stupid/lazy way .. and why go to all this trouble for the stupid, lazy way?

ED: would just like to note, one of my miners is 0% reject and the other is close enough to it... coming from 5-10% in multipools is a shock haha