Topic: [ANN] [FRAC] Fractalcoin | **Added to Cryptsy** | X11 | Slingshield | % fees - page 60. (Read 129722 times)
June 14, 2014, 01:50:10 AM
Good Luck I'm in!!
June 14, 2014, 01:23:25 AM
Yep it's up now.
June 14, 2014, 12:47:48 AM
0,5% fee seems too much IMHO
It will make this coin unusable in the long run
Even Bitcoin removed forced fees and you're gonna make them so high.
I understand your intentions but if it's not pump&dump then it's way too much
It will make this coin unusable in the long run
Even Bitcoin removed forced fees and you're gonna make them so high.
I understand your intentions but if it's not pump&dump then it's way too much
I agree. Please drop the pre-mine amount. Otherwise unusable in the future.
i think he was referring to the transaction costs and not the premine and i agree with the sentiment. this will make movement of coins too expensive with ppl opting for other coins offering cheaper fixed transaction costs rather than a percentage based one. you might be better off with a higher fixed transaction cost or significantly lower that percentage.
eg transaction costs
sending 10,000 costs 50
sending 1,000 costs 5
sending 100 costs 0.5
ppl are used to transaction costs like 0.0001
edit: just had a read of the white paper and it seems like the fee is a variable one from 0.1 to 0.5% depending on who you send the funds to. trying to get my head around the example where it mentions:
"Imagine that the current block's difficulty is 210 and the current block reward is 1 coin. Alice
wants to send Bob 100 coins, so she creates a transaction. This transaction might have fees
of 0.5%, so lets say the fee is 1.05 coins. The minimum a transaction spending so many coins
could be would be 0.21 coin though, which is what Slingshield works on."
Some questions:
1. Doesn't 0.5% of 100 amount to 0.5 coins and not 1.05?
2. Where does the 0.21 coins figure come from?
June 13, 2014, 10:16:38 PM
0,5% fee seems too much IMHO
It will make this coin unusable in the long run
Even Bitcoin removed forced fees and you're gonna make them so high.
I understand your intentions but if it's not pump&dump then it's way too much
It will make this coin unusable in the long run
Even Bitcoin removed forced fees and you're gonna make them so high.
I understand your intentions but if it's not pump&dump then it's way too much
I agree. Please drop the pre-mine amount. Otherwise unusable in the future.
June 13, 2014, 09:33:45 PM
June 13, 2014, 08:49:38 PM
Fractal Coin added to becausePool!
https://becausepool.com/index.php?coin=frac
stratum.becausepool.com:3372
Rent some extra hashpower for the launch!
http://www.miningrigrentals.com/
June 13, 2014, 08:39:47 PM
- 1: 5000 FRAC Premine
- 2 - 31 : 0 FRAC (to ensure that launch is fair and everyone including pools are ready for launch)
- 32 -1471: 40 FRAC (1 day)
- 1472-20191: 20 FRAC (13 days)
- 20192-38912: 10 FRAC (13 days)
- 38913-40352: 40 FRAC (1 day)
Loving the block reward plan!
Very innovative! but the question remains, whats the benefit of people mining after the second block reward drop?
June 13, 2014, 08:15:57 PM
Mining Confirmed Working!
June 13, 2014, 08:08:53 PM
0,5% fee seems too much IMHO
It will make this coin unusable in the long run
Even Bitcoin removed forced fees and you're gonna make them so high.
I understand your intentions but if it's not pump&dump then it's way too much
It will make this coin unusable in the long run
Even Bitcoin removed forced fees and you're gonna make them so high.
I understand your intentions but if it's not pump&dump then it's way too much
June 13, 2014, 04:41:21 PM
omg i found password ! 
Even if that is somehow true, due to no nodes being online with the checkpoint block, it still won't be possible to premine
June 13, 2014, 04:35:44 PM
omg i found password !
June 13, 2014, 04:27:14 PM
What time is launch if I live in chicago?
June 13, 2014, 04:14:27 PM
Any premine nowadays is an awful idea. 51% attack is not a solution, since the value needed to take over the network was slightly increased by 20%. Which means you have nothing against 71% attack. Moreover, the coin has nothing new to offer.
It actually requires about 40% more resources to perform a 71% attack as opposed to a 51% attack. I agree that for someone who can get 51% of the hash rate, getting 71% instead probably isn't nearly as difficult as, say, someone getting from 1% to 21%. But I have a difficult time seeing how this increase in the threshold is completely without value.
June 13, 2014, 01:49:36 PM
Any premine nowadays is an awful idea. 51% attack is not a solution, since the value needed to take over the network was slightly increased by 20%. Which means you have nothing against 71% attack. Moreover, the coin has nothing new to offer.
June 13, 2014, 01:45:13 PM
Will put up pool in the next hour!
FRAC.V2.DEDICATEDPOOL.COM
Mining Information
Server Infrastructure
FRAC.V2.DEDICATEDPOOL.COM
Mining Information
- SSO (single sign-on) - one account for all our pools on Dedicated v2.0
- Custom stratum/mpos environment
- Vardiff enabled
- PPNLS payout system
- Everything is transparent - blocks, donations, fees.
Server Infrastructure
- SIX(6) SERVERS IN CLUSTER
- DDoS level 7 cloudflare, 5 and 3 stratum, and level at 1 switch level
- 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
- Ramdisks, memcaches, to make things go extremely quick
Same here, binaryclocks ways to do business is disgusting, you do not deserve any support.
Wow, never heard anything from you about anything like this. I don't even know who you are. If you have been wronged in some way that I do not know, please contact me via PM/email [email protected] and let me know how we can help!
Thank you sir,
http://dedicatedpool.com
Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode ##dedicatedpool
June 13, 2014, 12:15:13 PM
I can do a dutch translation if you like, for a bounty 
June 13, 2014, 11:44:23 AM
LOVE the idea since Ghash threatening 51% today.
Also like the price stability idea...
Also like the price stability idea...
June 13, 2014, 11:38:29 AM
Here is french translation
https://bitcointalksearch.org/topic/ann-frac-fractalcoin-x11-slingshield-frais-05-premine-651053
cheers
https://bitcointalksearch.org/topic/ann-frac-fractalcoin-x11-slingshield-frais-05-premine-651053
cheers
June 13, 2014, 09:44:34 AM
Fractalcoin is now on the Altcoin Calendar! https://www.altcoincalendar.info/coins/559-FRAC
June 13, 2014, 08:52:06 AM
Site: http://xhash.net
Pool address: stratum+tcp://pool.xhash.net:3378
Placeholder is up, launch countdown is set.
Jump to: