Topic: [ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine - page 83. (Read 133952 times)

got one more question about mining...

After setting up the conf file.. you need to start the wallet with -server=1 command or can you just start it normally and it will read the .conf file?

EDIT: agree with Desten

Milkshake, please, pay attention to this post.

Would be much-much better, if you post all clients/wallets 5-10 minutes before first genesis block starts. This will made impossible to have a distinct advantage of you as a creator and all your group of friends. Because if you start genesis block and write a message with links to wallets/clients - when others prepare their systems to mine you and your company will dig as a crazys because of no competitors to you.
Another important detail to others - is peer/nodes distribution. As i seen on all previous coins for that week - first nnnnn blocks are hard to mine by community because of lags, even that peoples have a very large hashpower. Starting blocks and difficulty makes huge hashpower useless against lags. So you need to start nodes all around the world to be the honest (i suppose that downloaded and started wallets in prepare-mode will be enough to make net of distributed peers).

First - give others mining instruments/clients, second - give others the opportunity to compete in equal conditions, third - launch genesis block.
Then your coin can be successful. In opposite - this coin will be as others dump&pump&die-coins.
Good luck.

PS: i think i will be out of competition because of other side of planet and too big pings (55-300ms). It's fatal.

what difficulty are we starting with? anyone considered starting with a high difficulty and let the retarg take care of adjusting? This way we avoid orphans from blocks every 2 seconds like most launches. then we dont have to guess what the difficulty SHOULD be at start, and it wont lock single low end miners out and will reward every equally instead of on the side effect of multiple blocks in a row by big rig farms and not enough time between blocks to propagate on network to avoid orphans.

we talked about 12 hrs or more of 0 reward, this would be the same ideaish, but dynamically applied.

2AM, hopefully it will be worth it

The kids love being 'dick cool', I get it.. I don't lump you in that category (you can now sleep at night, I know).  Few offers already received, look forward to more.

Ok I have 6 hours of sleep before this baby launches, and after that I have to go to work so i'm off. Pretty excited about this, fianlly an alt that has something new to offer.

Alternate countdown.... tested on chrome only.

I have proposed an idea very similar to yours at
https://bitcointalksearch.org/topic/m.2054936
but I don't have time to implement it.

So I am very happy to see this difficulty-related-rewards type of coin coming out with your effort and time!

Here's my several concerns, would appreciate it if you could answer them:

1. Most importantly, if the rewards are not proportional to difficulty, its not real fairness. Someone could make a fairer one and attract people mining over there. In my opinion, coin reward for block ID 1 should be equal per person regardless of difficulty. The "halved every nine months" thing is enough to constrain the inflation. Actually the inflation is decreasing every year because the estimated coins generated per year is constant.

2. Could you give the function of coin rewards vs. difficulty?

3. Difficulty Retarget time?

Other: Moore's Law says the "hashrate" will double every 18 months. But no one knows the future and many other devices might be developed to support scrypt-algo. So I think the "halved every nine months" is reasonable.

Thanks and I hope this coin to be successful!

just press the ingnore button

i dont see his post at all

For a scammer, he posts very honest timers

Not to be a dick, but asking to purchase coin in 10K blocks before launch sort of deserves to be met by kind of outrageous offers.

Devianttwo, I've sent you a pm. When I log in my account on your website, it shows as powercoin, not Elacoin. Is this OK ? If i registered an account, does that mean I'm good tomorrow morning ?

Currently I operate BTCOxygen. You can find link on my sig.

Yeah fees will not be above 3% for sure.

Why can't admins just drop the banhammer on this tool? He's a self admitted scammer with 20+ accounts.

Yes you should and I'll join the moment you lauch, if your fee is not over 5% and you take managing it seriously

hmm

So should I launch a stratum mining pool for this coin?

If there are enough people interested I might open a pool for this coin.

I'm not part of your 'we', thanks.  I'm looking to do a gentleman's agreement upfront. Just PM and we'll get the ball rolling. I'm not 20, I don't want to be up all night messing around. If I grab 5k chunks from different people, that's fine too.

In the same boat as "justabitoftime" / PM me with your offers, I want 10k of these coins / I will make you an offer you can't refuse ---

I can't wait to mine this and then as quickly as possible get rid of them for BTC or LTC!