Topic: [ANN] [GLB]Globe – One Currency for One Globe - Polished and Ready for Action - page 3. (Read 113608 times)

No, I think there is just barely anyone mining it. When it is out of sync, and I start mining it for some time again, I do generate blocks. The problem is I only have like 10Gh at the moment that I can use for GLB, so it is very slow, and once in a while people with high hashrates start mining again, which is what keeps the difficulty high.

someone should create altcoingraveyard... I will bring some flowers to it... I had great expectations. I was aware sphere was not succesful with his first coin (spherecoin) and it was the main disclaimer for the future of this coin. But I gave it a chance.
 

Bought 1000 extra globe 3 weeks ago. Now i have 8000 globe and no clue what to do with it.....

Could it be that someone is trying to bring GLB down with some kind of attacks? Timewarp or something like that? I just put 1t single mining it but no new block is found! Im searching hi and lo for solution but cant find anything yet. Could it be that some bad node is doing this? Now GLB is super cheap with super high dif

 My worst investment ever. I actually lost a box of good whiskey.

Sphere??? What is going on? You are interesting quiet!!!!

No new block seen for 1 day 15 hours at the moment.

Globe died? 

Difficulty chart http://coinz.cryptoid.info/diff/?glb also shows wild swings in difficulty, and there was massive changes in the number of transactions recently. Looks like some pool jumping in an out and messing things up.

http://chainz.cryptoid.info/glb/#

Check this out


Blockheight   Age         Transactions   Value Out      Difficulty
288200   41 minutes              1         5.1107927 GLB   9945.1
288199   1 hour 3 minutes   1         5.1107927 GLB   9945.1
288198   1 hour 13 minutes   1         5.1107927 GLB   9945.1
288197   1 hour 34 minutes   1         5.1107927 GLB   10.5 k

Now it is taking forever for miner to find blocks. But I'm not sure what might have cause it.

My wallet is in sync. What exactly is the problem?

I'm trying to look for solution myself too while main dev is not in.

good news
-it seems that all the nodes and pools are on the same block height so very unlikely of blockchain being fork somewhere
-multiple coins I've found faced the same problem and were able to fix without much afford
-nobody could have profit from this

bad news
-we're stuck! = no new transaction possible until this problem is fix

Is the globecrypto network still running? Wallet not refreshing and I noticed the globe.suprnova.cc pool hasn't found a block for 2 days.

Hi everyone, great to see some postings here, especially the developer sphere and pnoch.

I also believe in this coin. The network is healthy, the name is great, etc. I certainly don't believe relaunching the coin and being ASIC resistant will make a difference at all. In fact I believe that marketing this as an ASIC coin can be beneficial! e.g. Don't forget there are lots of 'older' ASIC mining equipment out there which can still be used to mine Globe. I think the key will be to attract those miners. I'm one of them. It doesn't make any sense for me with my older Ant Miners to go and mine something other than Globe.

Look at the POS (Proof of Stake) coins on http://coinmarketcap.com/. ALL of them increase in value? Why? It's worthwhile to hold on to them rather than dumping. Let's see if we can update the current wallet to have this functionality!!! I'm not 'coin technical', so I don't know the implications, e.g. can POS mining with the wallet be done in conjunction with ASICS? If yes, then let's go for it. How much will it cost? Let's talk about cost. I'm always looking for ways I can invest in new ventures.

In my opinion, every single coins out there (Bitcoins including) is at risk of having someone with great amount dumping it on the exchange, since there are lots of people who bought or mine them at cheaper price or at very low diff but most important thing is that what keeping them from NOT dumping all their coins, it is the believe in that particular coin.

I don't think having GLOBE with SHA-256 is anyway different than a GPU/CPU based algo. Since in every algo Quark, X11, Sha-3 there would always be someone or a group of people with great amount of power willing to go mine and 'hoard' a lot of coins anyway, but most important thing to remember is that most if not all of those miner in any algo will most likely only mine profitable coins, only in an exception of mining the coins they believed in.

Mining GLOBE nowadays would only give you profit at about half of mining Bitcoin. But yet people (including me) still mining GLOBE with believe.

To relaunch Globe, having miners and current holders of GLB to loose all their coins will not only kill the coin but also kill the believe.

Bitcoins and Litecoins are very successful just because people believe in them, but I since very long time, I am believe in Globe, and I hope you are too.

Wow, nice to see some support and I appreciate your comments.


AFK.MPEG I really think your "ambassador" idea is really cool and could be very effective. More than happy to give you some GLB if you get places accepting Globe. Nickbiker you are correct with the catch 22 situation, many people don't understand that .



Ok so here are the biggest issues I think with Globe ATM and how I plan to solve it. This is just a proposal and not sure I will be able to implement it. Partially due to lack of funds, technical knowledge and time.

Their also seems to be no real support. I don't want to release something that is going to go unused etc and be a waste of my time and money. Nonetheless here are my views on why GLB is not succeeding yet and how we could fix it  ...


I think the biggest problem was using SHA-256 rather than a GPU/CPU based algo. We where at a very low hash rate for the first few months. Like 4k diff for very long. It meant that individuals using ASICs could really hoard a lot of GLB. When people started discovering GLB and the price rose all those holding and having mined GLB unloaded on the buyers. This I believe contributed heavily to the huge GLB price fall. I still think this issue exists I mean look at the distribution graph, the top ten own nearly 50% of GLB, this excludes any taxes we have. Given the current distribution of coins I think any attempt by us to revive GLB will just result in individuals with ASICS dumping their GLB on buyers. This of-course would not have been a problem with an Quark , X11, Sha-3 algo , as the distribution of wealth I assume would be much wider. I know you miners on your cool ASICs will disagree but with this experience I think only established coins will survive with ASICS mining them.

I agree due to lack of experience their was no clear marketing strategy. Nonetheless, I think some stuff such as Bounties etc worked very well, until the price fell and no-body was interested. The Giveaways at the beginning where somewhat successful but  a % did end up on the exchange.  The buzz was good. The signatures also worked well but over time users changed their signature from Globe to something else. AFK.MPEG's idea for a ambassador program is really kl ! I'm jealous I didn't think of it .


I know I am going to get some of hate for this but ... I think the best thing to do is find a dev, relaunch Globe with an ASIC resistant Algo, clear marketing strategy and Lower % of tax on a new chain.

The major problem I have would with the strategy is that Miners and current holders of GLB will loose all their GLB and am therefore hesitant to do this but given the current distribution of coins I think any effort to revive and increased price will result in miners hoarding GLB to dump their coins.

Plus, finding a dev who has the knowledge to build the needed features at an affordable price is virtually impossible. In price previous posts you can see some of the crazy prices devs have given me for basic mods etc. Finally, I'm very busy as of late and not sure when I will have time to chase down devs, agree prices, make marketing plan etc. To make it worse their seems to be little support apart from you guys . So even if It did re-launch the lack of interest may result it in failure.

Feel free to share your views below. As I said I am very busy and only log in once every week/bi-monthly . So please don't be too disheartened if I take a while to reply to your messages/posts.  

 So. it's time for action )

And I like the name GlobeCrypto. It sounds profressional, unlike the other crappy names out there. It's definitely something that can work.

I thin Spheres needs someone with marketing and financial skills. Somebody who gets people to use it and mine it. Atm i live at Curacao for 6 months. We use the ANF as our currencies. I think that a lot of Stores and company' s here would accept something like Globe. And i think if Sphere try' s to communicate with companies or give different people in different regions a sort of ambassador status. That he uses the taxes to promote Globe and give the so called ambassadors a little reward in Globe because they try to get it to work. Because to be honest. I rather get paid in Bitcoin or globe then cash for my freelance development

Im dealing with Bitcoin and litecoin since the beginning and i personally think that only trading and mining doesnt do the job.
Big issue? You need people you can trust.


And about your statement. I totally agree

I couldn't agree with you more! :-) The only issue here though is the 'perception' that the tax isn't used for anything. It's kinda like a catch 22 situation, e.g. the value of GlobeCrypto isn't high enough to use tax in order to further market and improve the currency. That's why the tax hasn't been used so far. What I suggest is as follows:

1) Let's use some of the tax to give away to people on the street, e.g. same way as premined coins are given away as part of pre-launch to attract interest.
2) Let's update the wallet for POS (Proof of Stake) mining. e.g. % interest per year. e.g. this will encourage the community to buy coins and use wallet to earn interest. Also a great way to secure the network. DarkCoin, CryptCoin, Vericoin are good examples of POS mining! Their value are increasing by the day.
3) Once 1 and 2 have been successful and if price rise as a result then Globe will be valuable enough so Sphere can 'afford' to pay people using the tax.

I believe the price of Globe will rise once the 3 points are in place. Let me know if this makes any sense.

I dont see the problem of the tax. You pay tax i daily life. If Sphere say' s he is using it to secure the coin, i believe it to be honest. Atm i mine LTC and Globe and for some reason i see more potential in Globe.