Topic: [ANN] [COINO] The Coin(O) Community Discussion thread - page 34. (Read 70446 times)

Here is my view on algorithm and ASIC:

I think SoreGums has a valid point about ASIC hardware will get cheaper.
As of now ASIC hardware has a very limited market for miners, and therefore I am worried about that a few people will be mining most of the coins and make a very high difficulty, which is unfair for the other miners.
If at some point ASIC has gone really mainstream and is super cheap and easy to use for not so techy people, then it would make sense to use an ASIC friendly algorithm, as it would be fair for everyone.

Due to my concerns I think the best option is to change to an algorithm which is currently ASIC resistant.

My own intentions are to vote for features which will make the coin available and mining friendly for everyone, in a fair way.
The lesser the bother, the more people will want to actually bother at all.
When I talk to people about crypto, they ask "well, why should I bother about crypto/mining", because they need a reason to actually mine/wanting the coins, and even if there is a good reason, not everyone will want to do a lot of research about how to start mining.

Therefore I think Coino should be a friendly coin to get a broad audience. As you will need a GPU, gamers will be the first adopters, and what they invest into mining will also be useable for gaming, so even if they loose interest their gear is still useable or should be fairly easy to sell to either other miners or gamers.

I personally like x11, as it greatly helps with some of the issues that scares people off:
- It's much more energy efficient, which means a lower electricity bill
- Due to being more energy efficient, the hardware will get far less hot, which means lesser fan noise
- ASIC resistant, which means those who has a newer GPU can mine fairly


Regarding block halving, I would like to hear people opinion on why exactly they want it, before I can take a proper stand.

I want to buy Coino in bulk, If anyone interested PM me.

Modifying these two items (block reward/halving, max supply) = new coin / pick another coin that fits what you're looking for in a coin.

Killing the premine = Your coins are worthless as the devs will dictate who's coins are valid and who's are not.

Modifying these things are pretty major deal breakers in terms of integrity and longevity. Who is going to stick around when the fundamental ideas or promises are broken and able to be broken by a dictator...

Once the coin reaches max supply there is no reward for finding a block and mining will shift to processing transactions based on fees. Prioritising those with fees for instance, thus an incentive to keep solving blocks and thus the coin is useful.

There are so many alt coins available to choose from that finding one that suits you is pretty achievable. Granted the community around Coin(O) is unique and is the determining factor for me personally in supporting this coin. Also the applicability for it to actually be useful in the real world at Point of Sale (really the end game for any currency, if people are able to use it to pay for everyday items = WIN).

Finding an alternative algorithm to be used so that the majority of people are able to participate is something we'll all need to consider and is something that keeps the spirit or intentions in tact from the original proposition. The algorithm is going to be updated, however keep in mind the definition of ASIC is Application Specific Integrated Circuit and no code is resilient to this. Who knows SHA256 chips might cost $0.25 and all crypto's go back to that since it makes sense (all it would take is AMD/Intel to make this instructions set a part of future CPUs like they did for many of the multimedia algorithms in use)

I am here from start and was also with coin on other forum. I don't want to damage this coin's forum, but if you really want something then PM me. You came here and started calling my comments spam, who are you to do that. Guys like you can only talk with this kind of language while sitting in front of computer screen. So PM me and lets settle this outside without harming this forum.

I completely agree with you! go on supporting the coin, so far a very good job.

To clarify a few things:

First of all I assume that some of you found the old (and discontinued!) forum located at coinoforum.com, which was/is owned by the old and original team of Coino developers, who are now fully gone.
We have no access to that forum, and are in no way associated, so please don't use that forum.

The above leads to the next point:
Please keep the discussion in a proper tone, a proper community doesn't call each other names, and swearing doesn't really show much support either.

Instead, you guys should keep your attention directed at the proper topics, as mentioned by smcardle:
- Updated online wallet coming along, with support for multiple alt-coins
- New games being added to the online wallet
- Coino exchange coming up
- New design for coinocoin.com - we agree that the current doesn't really look that cool
- Some more unannounced - you will get some more details when it's ready for a beta release. I will reveal it's software which can be used by most miners, but still not ready for (all) end users...


So in the end... who cares that you can't sell your coins at several exchanges - why would you even want to do that?

Please take this argument elsewhere guys.  Talk about spam...

Anyways, very good to hear about the new upcoming things for Coino.  Look forward to see how it all turns out!

Yea you sound like a scary guy...  

And I'll speak to you however I feel moron.

As I said originally before you stuck your pimply faced head in here, the forum needs a cleanup. It doesnt portray a good image to see it cluttered with spam. And this is directed at whomever looks after the forum & is simply a suggestion (albeit a good one).

I am using the wallet from the OP page and it works fine.

Is there an issue with the new wallet? I keep getting an error that there is not enough space. Windows7 64bit.

Thanks

Who are you to ask me to get out of this thread? and If you really are a man and like to meet outside of this computer world, you are welcome, we can settle this face to face. Don't talk to me with your bad and abusive language.

I'm sorry, I thought it was you that got butthurt over my simple question first? Harden the fuck up or GTFO of this thread numbnuts 

Guys if you have any doubts about the Coino just read the posts by Community devs. It has lot of things going on undercover.

Yeah it is not what it was projected to be but now things are changing. Patience is the key my friend. When it will rise, it will not be a PND but growth.

No one has asked for your advise and no one  has invited you here. If you are not interested then you can leave this forum. Language you are using tells me why you have got so many negative ratings. About the Coin , I am a believer, the coin is around 100 sat now, wait for three more months, I will again send you message reminding about the coin.

See your noobness & resultant failure to realise how much of a scam the rating system is, then see you here with less than 100 posts proclaiming how this coin is the future..lol

They should have kept the 'coral' system going (its one thing that actually worked around here) & noobs like you confined to speaking drivel & comparing the size of each others butthole in the one forum with other noobs...  

you should try click "next 100" or "view all" button there 

Sorry but i cant see any future with this coin, its not even listed on coinmarketcap.

Im happy that i never wasted my time with this coin, nothing that stands out with it for me.

See your rating then talk about spam. I am a loyal investor in Coin(O) from the day it started trading.I believe in Community Devs and this coin has great future.