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Topic: [ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0 - page 41. (Read 473653 times)

legendary
Activity: 1876
Merit: 1014
my GTX 1080 expected to arrive at Sunday Smiley

Exciting! I wonder what the daily folding from it will be.
legendary
Activity: 924
Merit: 1000
my GTX 1080 expected to arrive at Sunday Smiley
legendary
Activity: 1876
Merit: 1014
Thanks to Folding I got a sauna now.

Haha.

A sauna is really healthy, so FLDC is even benefiting you: http://www.finnleo.com/pages/health-and-wellness.aspx Cheesy

Just don't throw water on your machines Tongue
legendary
Activity: 1120
Merit: 1000
Thanks to Folding I got a sauna now.
hero member
Activity: 1568
Merit: 507
Nice price movement maybe we will hit 40 satoshi today. First time in a long time trading FLDC is actually profitable Smiley
legendary
Activity: 1876
Merit: 1014
Just watched the monthly meeting and just a few things i want to comment on

Monthly distributions

I support it as long as distributions are done on a fixed day each month


Project direction

I think the actions being taken now are correct however i think there are several bigger questions that need to be asked such as:

- What is foldingcoin's long term purpose?
- How will foldingcoin as a asset be given utility?
- Why should someone mine foldingcoin verses something like ether?  

Merged Folding

Happy to have it back in one form or another

Additional comments about Price

The price has been holding steady at >25 satoshi for about 5 months now indicating market maturity. This is true even whilst bitcoin has been surging





Good Feedback.

The distributions are due each month after the meeting.

Regarding your questions:
What is foldingcoin's long term purpose?
- Our longterm goal is to become a huge part of the folding@home initiative in computing power and create a rich token economy on top of that.
How will foldingcoin as a asset be given utility?
- FLDC is the fundamental asset of the merged folding platform, so will always be the main underlying currency.
Why should someone mine foldingcoin verses something like ether?  
- People should choose this coin if they want to do something meaningful with their mining and if they believe in the platform we're building with the merged folding. Basically our power lies in the amount of miners. Smiley
legendary
Activity: 1876
Merit: 1014
June Monthly Meeting - Back on Track


Nice, things seems back on track and many issues get fixed. Great! Smiley

Thanks!
legendary
Activity: 1876
Merit: 1014
you guys are amazing !
Robert and Jona actually met

why not adding Helene or Jeff (or both) to the board? they are very consistent with their support of this project


They are welcome to join the board, but that is totally up to them. Perhaps in time Smiley
sr. member
Activity: 465
Merit: 250
hero member
Activity: 1568
Merit: 507
Just watched the monthly meeting and just a few things i want to comment on

Monthly distributions

I support it as long as distributions are done on a fixed day each month


Project direction

I think the actions being taken now are correct however i think there are several bigger questions that need to be asked such as:

- What is foldingcoin's long term purpose?
- How will foldingcoin as a asset be given utility?
- Why should someone mine foldingcoin verses something like ether?  

Merged Folding

Happy to have it back in one form or another

Additional comments about Price

The price has been holding steady at >25 satoshi for about 5 months now indicating market maturity. This is true even whilst bitcoin has been surging



sr. member
Activity: 361
Merit: 250
With the 100 million coins that have been set aside, are these included as part of the total coins in circulation on coinmarketcap? Or are they set aside with the remaining 700M?

These are actually not in circulation yet and will be added to the coinmarketcap circulation once it reaches significant levels. At the moment, we still have almost all of them Smiley



It's good to know you still holding all of them, a truly altruistic act.
legendary
Activity: 924
Merit: 1000
you guys are amazing !
Robert and Jona actually met

why not adding Helene or Jeff (or both) to the board? they are very consistent with their support of this project


hero member
Activity: 742
Merit: 500
June Monthly Meeting - Back on Track

Today we had the monthly meeting for June and Robert and I (Jona) were able to do it together from Robert's place in Indiana.
We were able to identify and (partially) tackle our main issues.
You can watch the video here: https://www.youtube.com/watch?v=9ieiaMdqmoM

The main issues we addressed were:

MAIN ISSUE 1: Distribution of Tokens
Problem
- Right now the total cost per distribution is about 0.1 BTC which currently is around
$57 - 4 x month = $228 per month
Solution
- One monthly calculation and distribution Starting 6/5/16
Status: COMPLETE
Additional problems solved:
- In order to calculate a large time frame, we need to run the report for each individual day
and then add them together even though the database can sum them up in one long report.
We will no longer do this, instead for now until the new code is complete we will pay on a
monthly collective basis. So instead of each day you complete WU and get calculated for
those days, instead we calculate for what you submitted the entire month.
 STATUS: COMPLETE



MAIN ISSUE 2: Merged Folding

Problem
- Currently we cannot add any individual tokens to the database so merged folding has come to a halt
Solution
- Anyone looking to distribute tokens on our platform can now begin to do so again simply by following
the video we will be releasing later on this week (we will demonstrate at today's meeting). There are
some certain limitations to running your distribution on this temporary setup that will look to be fixed
with the new code discussed later.
Status: PARTIALLY COMPLETE
Additional problems solved:
- Everyone who has any name that is calculated by FLDC will now begin to be included in our merged
folding calculations. Even those that don’t use the _ALL_ command.
STATUS: PARTIALLY COMPLETE



MAIN ISSUE 3: Finding a Coder

Problem
- Need to finish the new code in order to have an automated distribution and lower the distribution fees.
- We need to find a coder with PHP experience to finish completing the new code. We have a budget of
$1500 to complete this.
- Robert has tried various online paid freelance coder sites and they do not take projects under $5,000
- Robert has tried various cryptocurrency developer contacts he has and all are to busy working on their own projects.
Solution
- Robert is attending 2 local Indianapolis meetups to try and recruit a developer, Indy PHP and Morning Coders.
Status: PENDING
- The community can help try and find a developer who is interested and have them email [email protected]
Status: PENDING
Additional problems solved:
- We will be able to manipulate statistics easier for Merged Folding partners who wish to have various special
types of distributions such as limiting the amount of tokens a folder earns on each day. This proposal can be
found at this document: https://drive.google.com/open?id=19xNt4ufStGxxzyEnIgF6yPguS_wuTjwci9HglOFx9jM
Will become available later today after Robert and Jona go over it and complete  
Status: COMPLETE


MAIN ISSUE 4: Volunteers
Problem
- Only two volunteers by end of 2015 (Robert and Jona)
Partly solved
- New people (Helene and Jeff) are joining and hopefully more are coming. Budget is ready to take on more people.
The link to the budget is https://drive.google.com/open?id=1o6g_Q2Wo3ZFb6l3yUnR3d9C10xHrZWxRJI15Ep9ei2I
Status: COMPLETE
Solution:
Team of 5-6: Wordpress and member of the board
Status: PENDING


IN SHORT
Robert and I feel like we were really able to tackle some important issues and feel confident we can get this
show on the road again! Smiley
hero member
Activity: 742
Merit: 500
With the 100 million coins that have been set aside, are these included as part of the total coins in circulation on coinmarketcap? Or are they set aside with the remaining 700M?

These are actually not in circulation yet and will be added to the coinmarketcap circulation once it reaches significant levels. At the moment, we still have almost all of them Smiley

hero member
Activity: 1568
Merit: 507
With the 100 million coins that have been set aside, are these included as part of the total coins in circulation on coinmarketcap? Or are they set aside with the remaining 700M?
hero member
Activity: 742
Merit: 500
he maybe means we didn't get payed in a long time
my last FLDC deposit is from 2016-05-12, its not a problem if you need to delay payment

Yes sorry, with what little time i have had for FoldingCoin i have been talking with a lot of developers from professional companies. From what i gather from them is that they need at least $5,000 worth of work for it to be worth their time so toptal is no longer an option as A) we dont have the money and B) we dont need 5k worth of work, we only need the merged folding and calculator fixed. So i think i am going to try some other crypto developers again and i will also be attending my next local PHP meetup here in indianapolis to try and see if i can find a worker there.

And yes the distribution is being sent out now, thanks for all your understandings Cheesy https://blockscan.com/address?q=15PHzUT6VfteWSXGP9eVKazJrpR9xFiWxR

This payout is for 5/10-5/29. I think it might actually be better for us to do these monthly for the time being as that distribution just cost $50. So if we do them weekly now then thats about $200 per month since the price increase on bitcoin. I will talk with Jona about this and see what he thinks.

Thanks Folders!
legendary
Activity: 924
Merit: 1000
he maybe means we didn't get payed in a long time
my last FLDC deposit is from 2016-05-12, its not a problem if you need to delay payment
sr. member
Activity: 373
Merit: 250
no any reward for folding?or do I can exchange point for some
coin

Thanks

First of all, let me clear up that Foldingcoin is not the same as Folding@Home (FAH). Foldingcoin is a non-for-profit organization that uses the output from the FAH client and rewards folders for their contribution to that platform. If you have only downloaded and setup FAH itself, that doesn´t automatically  qualify you for receiving Foldingcoin rewards. You must have chosen a username that conforms to the Foldingcoin standard:

yourname_ALL_counterpartyaddress

where yourname is any name you choose, ALL will allow you to get all the merged folded tokens currently offered, and counterpartyaddress is a Counterparty compatible bitcoinaddress, as Foldingcoin is a Counterparty asset. Also don´t forget to specify a teamname (Foldingcoin team is 226728) and enter a passkey which you can request per email. We cannot track your work units until you have set up a proper username as described above. We cannot give retroactive credit for folding you already completed before joining the Foldingcoin project.

To help you get set up properly, please follow our tutorials at


hero member
Activity: 1974
Merit: 592
no any reward for folding?or do I can exchange point for some
coin

Thanks
legendary
Activity: 924
Merit: 1000
in talks with my mining partner to add another Nvidia (980 TI? wait for 1080 ?) to our folding rig :-)

Great! I am also wondering what the new Nvidia will do.

will wait to see how soon https://twitter.com/FoldingCoin/status/730838612439273473 starts
don't want to miss that, i want some extra ppd
the 1080 might take long until available here
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