Well discuss what pre-mine is used for.
If it is just to line devs pockets, bad.
If it is to promote the coin and pay to
get on exchanges, then good.
Topic: [ANN] HelixCoin [HXC] SHA3 - ON TO CRYSTAL! - EXCHANGED - page 41. (Read 76984 times)
Your math is incorrect. Total coins ever to be made is 120,000,000 NOT the number of blocks, as it states in the OP
For correct math
Multiply 120,000,000 * ~0.0016 (which is .16%) ~= 192000 coin premine
i'm sorry. i saw the total coins as 120billion. i accept my mistake and see that premine is not that bad anymore. as long as you use it to promote it could be justifiable. i still dont like premines
i edited my post and i would like you to edit yours and remove my FUD. (you quoted my post and i can't erase that)
cheers
This I shall mine!
It will take 59 days to collectively mine an amount equal to the premine
Lets do the math together!
premine: 120,000,000*0.0016 = ~192,000
1 day of mining: 2160*151 = 326,160
Therefore the premine is approxmiately 192/326 = .58
Meaning that the entire premine is worth less than 14 hours of mining.
We are not trying to rob the community, we want to see it flourish with quality algorithm coins that will be spent between users as a coin should. Even with a premine we find it hard to believe that devs can in good conscience release a coin with ungodly 2% premines. A little is needed to get the coin around to sites it needs to be.
Hey folks,
suprnova.cc will be adding a pool for helix too !
You can add https://helix.suprnova.cc to the list of pools !
We'll open the site as soon as we're ready with the source.
suprnova.cc will be adding a pool for helix too !
You can add https://helix.suprnova.cc to the list of pools !
We'll open the site as soon as we're ready with the source.
It will take 59 days to collectively mine an amount equal to the premine.
So how would the batch file look for solo-mining on cgminer? I've never solo-mined before and would like to know how for this launch. I have one 7950.
Run the wallet
make config and run wallet again and leave it running (if you use the solo special it autogens a config)
Using the keccak version of cgminer linked in OP:
cgminer.exe --keccak -0 127.0.0.1:(rpc-port-number) -u (rpc user set in config) - (password set in config)
optionally set your intensity from 4-14
Best of luck at launch
So how would the batch file look for solo-mining on cgminer? I've never solo-mined before and would like to know how for this launch. I have one 7950.
The best launch it to allow solo miner 5~10 minutes to solo mine which would spread the network over many computers and let the difficulty go up. Otherwise everyone piles into a pool and all of the network hash is mostly on one pool and it gets all forked up. Also half of the time when the pools get it early there is always that one pool that jumps the gun or they give it to their buddies so they can be already mining while the rest are just starting to download the source/wallets.
THIS. THIS RIGHT HERE.
Pools are getting added to the OP as time progresses as the best pool ops make the commitment to put in the effort.
and you other guys who know it is just a simple switch +1 the helix god smiles upon you.
Also by having an official pool we can ship configs that will work with the pool to help new people get on board with a newer algo.
Our Email is open for any Dev that knows a good reason why we should not get these setup files pre-launch so we can prepare a better and more stable network with more pools.
U2 suc6 at launch.
The best launch it to allow solo miner 5~10 minutes to solo mine which would spread the network over many computers and let the difficulty go up. Otherwise everyone piles into a pool and all of the network hash is mostly on one pool and it gets all forked up. Also half of the time when the pools get it early there is always that one pool that jumps the gun or they give it to their buddies so they can be already mining while the rest are just starting to download the source/wallets.
Yeah just set up a maxcoin pool and switch the coin daemon right?
If you can make a maxcoin pool, you can make a helixcoin pool. Transplant-able, just like scrypt pools.
We can't! Because we don't have a wallet for this coin to test the setup, nor a good reason why we won't get it.At the last launch with these exact same rules (we all know the coin i'm talking about), the so called "official" pool did a download, Unzip, compile, config, test, and run all in 3 seconds!???
I like to hire that pool op, he must be super-op
You might do things different, but the problem is we don't know because this launch and the reasons behind it are transparent as a concrete wall.
Still there is no good reason to keep pools in the dark and not let them get ready so miners can get started at the pool the prefer.
Our Email is open for any Dev that knows a good reason why we should not get these setup files pre-launch so we can prepare a better and more stable network with more pools.
U2 suc6 at launch.
maybe not 3 seconds but it really is that simple.. here's a hint, if you have a Maxcoin pool set up already then all you would need to do is download and compile the coind and then change a few variables in the config files run it .. and then boom... there's your helix pool
If you can make a maxcoin pool, you can make a helixcoin pool. Transplant-able, just like scrypt pools.
We can't! Because we don't have a wallet for this coin to test the setup, nor a good reason why we won't get it.At the last launch with these exact same rules (we all know the coin i'm talking about), the so called "official" pool did a download, Unzip, compile, config, test, and run all in 3 seconds!???
I like to hire that pool op, he must be super-op
You might do things different, but the problem is we don't know because this launch and the reasons behind it are transparent as a concrete wall.
Still there is no good reason to keep pools in the dark and not let them get ready so miners can get started at the pool the prefer.
Our Email is open for any Dev that knows a good reason why we should not get these setup files pre-launch so we can prepare a better and more stable network with more pools.
U2 suc6 at launch.
I would guess the reason why they're not releasing that wallet right now is because the coin is "live" and they're busy premining that 0.16%. If they release the wallet, then the coin goes live for everyone. The password protection is there so that we can't use it until they want to go live with the coin...
Again, can we expect the wallet at 1pm? 2pm? Or is it going to be a mad scramble at 3pm EST to download the wallet?
The wallets will be posted in password protected zips several hours ahead of launch. We have not chosen a set time, but it will be sufficient to avoid DL problems
At the last launch with these exact same rules (we all know the coin i'm talking about), the so called "official" pool did a download, Unzip, compile, config, test, and run all in 3 seconds!???
I like to hire that pool op, he must be super-op
I asked Super-op, he says that it takes about 10 minutes to compile and be ready within minutes after that.
What do you want? a live stream of the pool setup? *shrug*
Again, can we expect the wallet at 1pm? 2pm? Or is it going to be a mad scramble at 3pm EST to download the wallet?
What's the point of setting launch date and time if you're not going to honour it, why are you wasting people's time?
Launch date is approximately 23 hours and 45 minutes from now, 2/28/14 3:00PM, same as it has always been.
Im guessing you converted the time wrong?
LAUNCH DATE 2/28/14 3:00pm EST (20:00 GMT)
You said maxcoin and jinxed the whole thing.
Expect a much smoother launch than maxcoin
Oh, Damn. You're right. lol See Ya in 23 hours.
What's the point of setting launch date and time if you're not going to honour it, why are you wasting people's time?
Launch date is approximately 23 hours and 45 minutes from now, 2/28/14 3:00PM, same as it has always been.
Im guessing you converted the time wrong?
LAUNCH DATE 2/28/14 3:00pm EST (20:00 GMT)
You said maxcoin and jinxed the whole thing.
Expect a much smoother launch than maxcoin
so smooth I can barely feel it...
ah I see.. I think some of us forgot that its not the 28th yet in some parts of the world lol
What's the point of setting launch date and time if you're not going to honour it, why are you wasting people's time?
Launch date is approximately 23 hours and 45 minutes from now, 2/28/14 3:00PM, same as it has always been.
Im guessing you converted the time wrong?
LAUNCH DATE 2/28/14 3:00pm EST (20:00 GMT)
You said maxcoin and jinxed the whole thing.
Expect a much smoother launch than maxcoin
If you can make a maxcoin pool, you can make a helixcoin pool. Transplant-able, just like scrypt pools.
Best of luck at launch
Best of luck at launch
LAUNCH DATE 2/28/14 3:00pm EST (20:00 GMT)
You said maxcoin and jinxed the whole thing.
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