Topic: [ANN] [DIEM] CarpeDiemCoin Ҩ Halves Daily Ҩ 48 Seconds for FULL CONFIRMATION - page 3. (Read 90001 times)

http://23.94.15.22:2750/chain/carpediemcoin?count=100&hi=122263

Looking at block explorer right now, there is only 1-2 transactions per 100 blocks.
So if we raise transactions to 1000 DIEM per transaction, there will be about ~20 DIEM per block on average transaction reward for miners.
100 DIEM per transaction would earn 2 DIEM per block for miners.

Also, high transaction fees are an incentive to use another coin with low transaction costs.

Well it wouldn't be proof of stake, those are different than proof of work blocks. You would basically just get paid the transaction fees with POW blocks for processing the transactions. POS breaks more coins than it helps when the different types of blocks get intermingled

Sidenote: Only 3 small walls on the sell side before the price can jump big time. DIEM also still has the highest LTC trading volume and over 1/3 of the total LTC trading. Not sure why you think there is such little interest. It's just not a high traffic exchange, is all. Don't forget there will be a lot more transactions once Paysha is live and there are multiple exchanges with active trading, due to arbitrage transferring

So transaction fees as proof of stake to maintain the network?

The only fair option is raising transaction fees when mining hits 0, which I already suggested in our PM's. Otherwise it ruins the entire idea

This is the most likely scenario that will happen when rewards hit 0, otherwise we are artificially raising the max coins, which eliminates the whole point of daily halving

I agree that something should be done.

PSA:

As everyone knows (or should know) POW mining ensures network security, protects from 51% attacks and all that important stuff.
If there is no financial incentive to mine (secure the network), the coin might get attacked and die. I will also remind to everyone
that these kind of attacks are possible and happened before. Right now it costs less than 10k USD (3 TH/S ASIC) to attack the DIEM network with 51% attack.


if block reward continues to halve it will reach less than 1 DIEM per block in 8 days (today it's 488 DIEM per block).
There will be no incentive to mine for block rewards and DIEM network becomes insecure and can no longer be relied upon for transactions.


More information:
http://bitcoin.stackexchange.com/questions/658/what-can-an-attacker-with-51-of-hash-power-do
https://en.bitcoin.it/wiki/Double-spending#.3E50.25_attack

Situation now:
Network hashrate dropping everyday.
Two biggest pools are only: 1 TH/s
https://cdc.hardcoreminers.com/index.php only 960 GH/S
https://cdc.suprnova.cc/ 62 GH/S

Our options:
1. Do nothing. Wait and see what happens.
2. Raise transaction fees to 1-1000 DIEM per tx. Might not work, because there is little interest in carpediem coin so far and few transactions.
3. Hard fork and implement another mining incentive
  3.1 Proof of stake mining
  3.2 Add another mining algo, with separate difficulty like Myriad and then add more rewards to support mining
  3.3 Just add yearly predictable block rewards like dogecoin, for 100-1000 mln per year

I don't know what dev is planning to do, but just trying to get DIEM on more exchanges won't solve this problem, because demand for DIEM is pretty abysmal right now and just putting coin on exchanges does nothing for the demand side.

Questions and suggestions welcome!

Don't know. It's pretty obvious who is doing the downvoting, though

Maybe i am not understanding how Reddit works, but why is our request to be added not on here:

http://www.reddit.com/r/coinedup



but on here: http://www.reddit.com/r/CoinedUp/comments/210rf3/please_consider_diem_the_sha256_antipaidvoting


Maybe it doesn't matter? I think that Coinedup's mBTC market could be good for this coin.

Yeah i get about 20 KHS a day or about 200 EBT coins think I will make any off this coin.?

Of course I will recommend TIX. Its a scrypt jane and the n is so high that its CPU only now. You won't find it on any profitability charts because its jane so you'll have to math it out yourself

anyone have any advice for what coin a cpu miner should be mining right now.?

Hey that coin sounds cool to me i think i may just hop on to mine the new coin

Miners please trade with caution I will continue to Dump large volume on every Pump.

I only want the pumpers LTC! They are getting mad because I keep dumping on them.
leaving some gaps between dumps to allow for other miners to dump and get a share of the pumpers LTC
before this coin dies and the DEV moves on to the next scam coin. Enjoy!

Pumpers please continue to stack LTC up. I will sell you this crap every time. Thanks for the LTC

Pumpers you may now resume the sock puppet show and call me a troll...

It's really hard to stop buying at this price. The good news, though, is that it's basically impossible to lose money long term if you buy now

I told myself I wouldn't buy any more but I can't help myself.  Gonna move .3 btc and put up a nice little buy wall on 5 and move it to 6 once we move up and start gnawing on that wall at 7.

All it need to do is break through that wall at 7, 8 and 9 and we're off to the races!

Some nice buy support building on Poloniex. Looks like a pump may be coming. It appears to be getting set up for one

You guys that mine might want to take a look at BonusCoin.  They launch on Wed and looks like they have a lot of the required infrastructure in place to have a great start.

That's what I'll be doing on Wed night   

https://bitcointalksearch.org/topic/ann-bonuscoin-bns-8-exchangesbonusesmultipoolpos-soonsha256-524212

Most of them should be out by now. Blocks are less than 500 each now. Just check the block explorer it will say how many are mined because its ABE

How many coins has been mined so far?

And is noone mining anymore?