Topic: [ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0 - page 43. (Read 473648 times)

Perhaps a meeting next Saturday will be better. I thought we were going to move the meetings to Saturdays anyway?

Hello everyone! I'm still traveling so it will be easier for me to do an open slack conversation for the meeting this month. Come join the FoldingCoin slack at http://slack.foldingcoin.net/  to hear this months update - Robert

The players connect directly to Spotify or iTunes/Apple Music, maybe they were having some issues.

It works fine on my end both on desktop and mobile.

I checked the "Listen" page and it has a broken player cause of a SSL Protocol error 

Some of you might be interested in this since we're undergoing some changes: http://www.blocklabel.com/announcements/2016/4/30/overhaul

Oh lol well thanks for your dedication to the project!    You may also enjoy this little video game puzzle:

http://fold.it/portal/

no... technically i am capable of doing that
just morally can't

Please view this video setup guide:

https://youtu.be/YQZ3hxEn6kE

You can see once your folding@home client is running there should be a big red button called "Stop Folding". You push that button and the folding should stop.

i don't understand how you can do that.
every time i want to mine something else, i click on the link to the project in the folding@home client
and can't let myself stop folding

you are not wrong

FoldingCoin is 100% distributed with proof of folding, the community don't need to maintain and secure our own chain
FLDC token riding on Bitcoin's blockchain using Counterparty

besides i think, currently FLDC is more clear where the distribution wallet is sitting, by looking on the blockchain in blockscan.com

i see we got some FLDC distributed us yesterday

You're mostly correct. There are some common misconception dating back to the launch of CureCoin about its efficiency. People also often confuse how CureCoin works with the way GridCoin Classic worked in the early days.

CureCoin is designed to split available coins roughly 80/20 between Folding@Home participants and SHA256 miners.

However today, since difficulty is high, SHA256 mining activity is unprofitable in CureCoin and therefore very low. PoS takes up the slack for the low SHA256 participation. So as I understand it , today CureCoin uses ~90% of electricity directly on science - with the remaining 10% energy being split between SHA mining and PoS transactions.

If you fold for CureCoin, or merge-fold with FoldingCoin, you can allocate 100% of your CPU AND GPU power to folding - no SHA256 parallel mining is required (like it used to be in GridCoin Classic). But you still have the choice to use an ASIC in mining pools that support CureCoin. At this point, CureCoin requires very little SHA256 mining power to remain viable (but in 1.0 it remains an option).

If I'm wrong, hopefully one of the devs will correct me.

Good to see so much discussion here. I understand that K210 has some doubts about the project and rightly so. I hope we can earn your trust back with the projects we're working on. Robert is not able to work on FLDC full time anymore, but he is working on solving the distribution issues and even put some of his own money in to hire external help.

Thanks for your comments and congrats on that amazing FDCARD sale (I can now stop wondering who was the lucky seller). As I mentioned before, merged folding is definitely coming back and is the number one priority of the Foldingcoin team. Contacts are being made with several potentially interested parties already. So stay tuned and thanks for keeping up your CPU folding. 

Yes i can understand your position afterall foldingcoin is not a sustainable full time job. I am just pointing out various areas in which i think FLDC can improve. I think merged folding should be brought back as soon as possible as assets such as FDCARD might be created again in future. If FLDC has one strength it is definitely the merged folding platform. Just a couple of months ago i sold 1 FDCARD for about 400XCP and i held the XCP until recently when it jumped to $2.20 per XCP. I think you can calculate how much i made

I made more from merged folding than i did from 8 months of bitcoin mining which speaks volumes about the merged mining platform and its potential.

I also used to GPU fold when the price was at 250 satoshi in early 2015 but as the price fell it cost more in bills than it made in profit. These days i have a single i5 folding away for purpose of research as cpus cost near nothing to run anyways. I still follow this coin and might develop something for it later this year.

Ok so if you were just looking at it as a mining activity you´re right, folding is not for you. But those that actually want to do something to actively contribute to science and help cure diseases can do so by folding. I think it is much more constructive and satisfying than to just write a check and donate to some charity.

On the other hand, I guess you haven´t looked into the merged folding aspect of Foldingcoin yet. Some folders have received merged assets such as the Spells of Genesis FDCARD (some of these have been sold on the Counterparty DEX for the equivalent of more than $200 USD each) Scotcoin has also been distributed by merged folding and so have other Spells of Genesis tokens like Bitcrystals. The MAGICFLDC distribution has not concluded yet and more merged folding offers are in the works.

As a long time folder, I have stopped folding..  Why?  Because for a long time GPU mining wasn't worth it, so I folded just for the hell of it.  Then came ETH, with my 2 280x's and 1 290x I can make $7 per day before electric (and they were running folding anyway).  So why should I fold and pay money when I can mine ETH and actually make a little bit!!!

When ETH dies and the GPUs can't support themselves I'll be back.

Hey K210, yeah i know this is a problem and i promise im trying my best to get FoldingCoin there. We have helene helping with social media which is a huge help, but there is still a lot to this project that needs volunteer hours to get there quicker. But i cant invest 40 hours a week to the project anymore, so i am kindof at a point where special things like off chain distribution and other things like that are just on the back burner for now. I am still talking with that development company and things look good there, but in the mean time keep calm on fold on

Remember everyone, email me [email protected] if you are interested in volunteering, or promote FoldingCoin in your own way, or join in the discussion at the slack http://slack.foldingcoin.net/

I know it is easy to complain but i get the feeling this coin is going nowhere. Every single month promises are made in google meetup which are then broken by the next meeting. Several projects such as off-chain distribution system, online store and other projects have been canceled. Distributions are always running late and coin price has been in downward spiral for a month. Dev disappears for weeks on end and comes back with little apology. I understand that foldingcoin is not peoples entire lives but it takes just 5 minutes to post updates on this forum so people dont assume you have abandoned the project.  

Do i think FLDC will fail? - probably not but i think its best days are behind it. I hope FLDC will prove me wrong in the long term but i have my doubt.

Both Foldingcoin and Curecoin do folding using Folding@Home. The difference is that Curecoin has its own blockchain which must be secured by mining the coins, expending extra energy. As I understand it, Curecoin uses both SHA256 mining (proof of work) as well as Proof of stake minting. So for Curecoin, people use CPU and GPU power for actually running folding@home, and there are also miners securing their blockchain expending energy. See more about Curecoin at https://www.curecoin.net. Foldingcoin, on the other hand, is a Counterparty asset. Counterparty runs on top of the bitcoin blockchain, thus we save ourselves from having to spend developer time in maintaining a separate Foldingcoin blockchain, as well as saving unnecessary energy expenditures by letting the bitcoin blockchain secure the FLDC token. For an impartial look at the pros and cons of using Counterparty, see http://foldingcoin.net/the-coin/fldc-vs-alts/

Another difference is that the Foldingcoin project, besides rewarding participating folders with FLDC, also promotes merged folding distributions of various other counterparty assets. In the past, one of these (among others) has been the highly successful Scotcoin project, and there is still an ongoing collaboration with Spells of Genesis (SoG), an upcoming video game innovating the gaming space with blockchain based trading cards. Merged folding participants have received the exclusive FDCARD (the first blockchain card issued by SoG), as well as the game currency Bitcrystals and MAGICFLDC, another special SoG token which is valuable to trade for other game assets. Find out more about SoG merged folding here: http://foldingcoin.net/portfolio/spells-of-genesis/ The Foldingcoin team is actively pursuing more collaboration opportunities with new projects for future merged folding distributions. Stay tuned for the news!

But there´s more! You don´t actually have to choose between Curecoin and Foldingcoin. In fact, you can receive both of these coins for your efforts participating at Folding@Home. You just need to use the same username conforming with the Foldingcoin standards (i.e. username_ALL_bitcoinaddress) to also register for the Curecoin folding pool, and use the Curecoin Team number when setting up your FAH client. You can find tutorials on setting up Foldingcoin here: http://foldingcoin.net/resources/video-tutorials/