Topic: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees - page 3. (Read 129735 times)

Another shitcoin bites the dust.

Yes, this was a long time ago...the msg is still appearing in the wallet?!?

Has there been a fork?   I got an alert from the client.

Yes, sell:

<@earlz> yea, I'm not really working on FRAC anymore. Not enough time, and too many other projects
Ah ok whats the new project? Is it dead?
<@earlz> I'm not going to say it's dead. But the percentage based fees were less effective than I expected at least
<@SkunkMonkey> Sometimes shit just don't pan out
Hmm yes will look if i had time after SEPA then i could add some new. Or better let it be?
<@earlz> eh, I think the primary design is just flawed. percentage fees have too many infrastructure difficulties, difficult to properly enforce, and make a lot of legit transaction types expensive
<@earlz> If we make another coin in the future, we might do a swap, but yea. We're not expecting to work on fractalcoin anymore
<+Crat0sW0rk> lot of sell orders just went up
<@earlz> eh

what is the concensus here? It looks like the devs have abandoned the coin. If they are too busy to work on it, they should give ownership to another dev that can put in time to turn this coin around

Bittrex again - This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Sept 12th unless the average daily trade volume for the last 7 days exceeds 0.1 BTC

Keep it going guys

Fractalcoin uses X11 algo.

You must subscribe to a pool, like the ones mentioned in the OP, set your worker, configure your miner software (your command line), input your wallet adress in the pool page, and you are ready.

How are you gonna mine? Via CPU? GPU? FPGA farm?

Cheers

Hi everyone, new new in mining how to mine fractalcoin? I have wallet , how can I mine ?

Everybody wants to pump and dump but nobody wants to be a market-maker 
If the prices get pushed around and get out of line between exchanges, people will start sending FRAC between exchanges for the arbitrage, which will bring up the mining rewards   
And at these prices it's cheap to do it and get some movement going.

link:

https://bitcointalksearch.org/topic/ann-supernet-nxt-asset-12071612744977229797-supernet-kmd-assetchain-in-summer-762346

Do you know it would take 0.26296128btc to get FRAC to 45k satoshis on poloniex?! I was messing around today and bought the price up to 1.9k from 1k, placed some orders and guess what? OTHER PEOPLE NOTICED AND STARTED TRADING TOO!!! If you've got FRAC, do us all a favor and start trading it. Let's get something started here. If you look at the 'all' chart there's good history and a ton of potential. Devs should also maybe talk to jl777 about the Supernetwork project, maybe Fractalcoin+Slingshield is something that could be perfect for it. Look at Boolberry, similar chart except for the massive gains lately because they are now associated with the Supernetwork. Maybe it's not right, I don't know a TON about it but it's worth a shot.

I'm gonna keep trading, someone come join me.

What onetwentyfive said   

Come on devs! This is pretty much your last chance to act! You created this, you got people to invest their hard earned $, they deserve better than to have to sit idly by on the sidelines and watch as this coin is dismantled. I lost a bunch of BTC on this, as I know a lot of other people did. Give us the respect of an update at least. I know it looks bad right now, but it can always come back. You've come farther than most coins ever do purely on goodwill. Pay it back.

My ideas to increase FRAC trading volume:
1) short term - play on the "Fractal" name - set up a tipping bot and pro-actively tip Fractal coins to fractal artists - there are a lot of them on deviantart and fractalforums.  Do some outreach to get established in that community.  Techies with GPU's are disposable income are a good base.  Tipping within a specific community will at least keep circulation up and make mining profitable and raising awareness.

2) Long term: Combined Frac Mining  / GPU Rendering pool.  This is a little beyond my tech abilities to build on my own, but I think it would be worth the work. The basic idea would be to team up with a developer for a fractal rendering app like mandelbulber, which has a distributed "net render" mode for rendering fractal animation videos.  Combine this with an X11 mining client so you could either mine for FRAC, or contribute your CPU / GPU cycles to rendering fractal videos.  This would create an "asset" to back fractalcoin with - you'd be leasing your GPU cycles to rendering graphics (Getting paid in FRAC).  Gridcoin might be a relevant implementation model here - they provide Gridcoin subsidies if you do distributed research calculations (BOINC)  along with the regular crpytocoin POW.

There's too many GPU's and too many coins out there and eventually ASICs are going to move in to any profitable algorithm. Eventually it will become worth it to re-monetize the existing network of GPU mining rigs thru the actual Processing of Graphics. Fractal art is a good place to start with a hybrid crypto-mining / rendering pool setup.  Combining crypto mining with leasing of GPU's paid in crypto is a nice closed loop for the right coin (like a coin that's already designed as an economic closed loop).

This is a long term project - I'm bagholding a fair amount of Frac and would be willing to contribute some promotional effort and some web dev as applicable, or to help hash out the idea. 

(BTW The rich list server for FRAC blew up 2 weeks ago while I was on vaction (ran out of disk space and corrupted the DB's) and I haven't been able to set up a new one yet. I should be able to have it back on line this week and I apologize for the downtime).

We just got added to coinwarz

I noticed someone on the Bittrex BTC/FRAC market deliberately buying the ask and selling to the bid-- effectively taking a loss equal to the spread each time-- in order to put the daily volume up to prevent delisting. That observation was the kiss of death, for me. I dumped.

As a supporter of the team since the coin's release, I've thought about it a lot, and I think the proof-of-work period should have lasted much, much longer, with a much more gradual transition to fee-only coin rewards. During this time period the devs could have sorted out a marketing or implementation plan to get people trading FRAC and generating fees, so there would be hard proof of what a fees-only block would be worth (and for maximum promotional value, it would be worth more than normal PoW blocks).

People will pay if they think it's valuable. A 2% FRAC trade fee could have worked if there were some other incentive to pay that much to trade: side investment into some other kind of property (shares in assets like with SYNC, partnership with an exchange's shares like Bleutrade's, etc.). I don't think there was ever a concrete plan in place to ensure sufficient trade volume that whatever the fee structure, it was worth pointing rigs at. I suppose the FRAC team thought they'd get the coin working first, and general altcoin excitement would buoy the price and interest until they could figure something out. Instead, waning demand for all but new altcoins diluted the marketplace incredibly quickly, and with insufficient progress, there were too many other shiny new options for miners.

Nice try, FRAC team, good luck.

I wouldn´t say it is a scam, more like an abandoned one.

Hey man, I really like your faith in FRAC, but this is the time to move on; we all have a real life and life needs to move on. Noboday here cares about what you have suggested in prior posts, that's the problem: dev doesn't pick community's suggestions, what is the thread for? I did not sell any cents when FRAC was high and held my faith till the moment Bittrex is about to remove FRAc. Even at this time, dev keeps silence. Can we call this coin scam? Putting your faith in any other coins with trustful devs. That's it!

Earlz, if you want to make money developing Fractalcoin, PM me.  I have plenty of BTC to support you as you develop Fractalcoin if that's what you need.

were you in the irc talk, no? they are saying they need to make money to survive,
send them some btc to show ur support. they have a real life to cope with, us too; that's why people sold frac.