[ANN] [MΣC] Megacoin.co.nz - Forum, Github, Website Now in 18 Languages - page 139.

vtr99

legendary

Activity: 1214

Merit: 1000

Never compromise your standards!

Quote from: raveneye on September 12, 2013, 02:17:57 PM

Quote from: vtr99 on September 12, 2013, 02:05:16 PM

If you believe this to be true, why waste your time here?

Because I want mec to be a profitable coin to mine, and I would like to see a lot of these smaller coins succeed.
When I found and reported a bug with the wdc retarget change at block 600,000, the dev was able to confirm it, fix it, test it, and deploy it before it became a disaster. More people looking at these changes before they go into effect is a good thing for the coin's evolution.
By your response, I assume you have not examined or even questioned how this update will work?

WDC is a basket case, and I'm sure they need your help. Wink

If you really believe Kimoto doesn't know what he's doing, then your point is moot, isn't it? If you are able to just look at the code and tell us the exact results, you are way sharper than any programmer, developer, or rocket engine scientist I've ever met. Roll Eyes

I don't believe anything other than a smoke test will give absolute confirmation. I believe Kimoto said more than once that he has done extensive testing... I think it's safe to say that no one else knows exactly how this update will work.

If you are so brilliant, please share with us any better coin you have developed?

A L I E N

legendary

Activity: 1358

Merit: 1000

Quote from: raveneye on September 12, 2013, 01:48:52 PM

Quote from: vtr99 on September 12, 2013, 12:54:09 PM

Difficulty just dropped from 9 to 6! Kick in the Nitrous, block 63,000 here we come!

MEC is currently ranked #2 on coinwarz.com and coinchoose.com Grin

I am curious, have any of you cheerleaders actually looked at the Gravity Well code and put any analysis into how it will behave? Or do you just blindly assume it will fix all of your problems?

It looks to me that every time the coin becomes marginally profitable to mine, middlecoin, multipool, or the cgwatcher miners will switch to it, the difficulty will quickly spike, profitability will drop, and then no one will mine it for days. Transactions will linger unconfirmed, users will get fed up, and supporters will flee or demand yet another hard-fork.

One MEC supporter on the multipool thread actually said:

Quote

It may actually cause some problems for multipool because it will only be able to mine a few blocks before the difficulty quickly adjusts.

Is that really a good thing? To have your difficulty quickly spike any time someone mines it, making it completely undesirable to mine?

The goal was to dissuade multipool low diff pillaging and offer quick difficulty adjustment to match the network hash rate.

Quote

Having looked at the code, and run some numbers, I honestly believe that MEC is in for a long slow unproductive mine like it had at block 42000, but instead it will happen every week after 63005.

I think if you look at it again you would realize your predictions are in error. The design will not only spike quickly to meet a high hash rate but fall quickly from a high diff situation to match a low hash rate.

kriwest

full member

Activity: 154

Merit: 100

Quote from: vtr99 on September 12, 2013, 02:05:16 PM

If you believe this to be true, why waste your time here?

I for one appreciate everyone's input, positive or negative. If this is a problem, what's wrong with pointing it out?
And if he's wrong, I'd like to hear why.

raveneye

full member

Activity: 122

Merit: 100

Quote from: vtr99 on September 12, 2013, 02:05:16 PM

If you believe this to be true, why waste your time here?

Because I want mec to be a profitable coin to mine, and I would like to see a lot of these smaller coins succeed.
When I found and reported a bug with the wdc retarget change at block 600,000, the dev was able to confirm it, fix it, test it, and deploy it before it became a disaster. More people looking at these changes before they go into effect is a good thing for the coin's evolution.
By your response, I assume you have not examined or even questioned how this update will work?

vtr99

legendary

Activity: 1214

Merit: 1000

Never compromise your standards!

Quote from: raveneye on September 12, 2013, 01:48:52 PM

Quote from: vtr99 on September 12, 2013, 12:54:09 PM

Difficulty just dropped from 9 to 6! Kick in the Nitrous, block 63,000 here we come!

MEC is currently ranked #2 on coinwarz.com and coinchoose.com Grin

I am curious, have any of you cheerleaders actually looked at the Gravity Well code and put any analysis into how it will behave? Or do you just blindly assume it will fix all of your problems?

It looks to me that every time the coin becomes marginally profitable to mine, middlecoin, multipool, or the cgwatcher miners will switch to it, the difficulty will quickly spike, profitability will drop, and then no one will mine it for days. Transactions will linger unconfirmed, users will get fed up, and supporters will flee or demand yet another hard-fork.

One MEC supporter on the multipool thread actually said:

Quote

It may actually cause some problems for multipool because it will only be able to mine a few blocks before the difficulty quickly adjusts.

Is that really a good thing? To have your difficulty quickly spike any time someone mines it, making it completely undesirable to mine?

Having looked at the code, and run some numbers, I honestly believe that MEC is in for a long slow unproductive mine like it had at block 42000, but instead it will happen every week after 63005.

If you believe this to be true, why waste your time here?

raveneye

full member

Activity: 122

Merit: 100

Quote from: vtr99 on September 12, 2013, 12:54:09 PM

Difficulty just dropped from 9 to 6! Kick in the Nitrous, block 63,000 here we come!

MEC is currently ranked #2 on coinwarz.com and coinchoose.com Grin

I am curious, have any of you cheerleaders actually looked at the Gravity Well code and put any analysis into how it will behave? Or do you just blindly assume it will fix all of your problems?

It looks to me that every time the coin becomes marginally profitable to mine, middlecoin, multipool, or the cgwatcher miners will switch to it, the difficulty will quickly spike, profitability will drop, and then no one will mine it for days. Transactions will linger unconfirmed, users will get fed up, and supporters will flee or demand yet another hard-fork.

One MEC supporter on the multipool thread actually said:

Quote

It may actually cause some problems for multipool because it will only be able to mine a few blocks before the difficulty quickly adjusts.

Is that really a good thing? To have your difficulty quickly spike any time someone mines it, making it completely undesirable to mine?

Having looked at the code, and run some numbers, I honestly believe that MEC is in for a long slow unproductive mine like it had at block 42000, but instead it will happen every week after 63005.

spoid

hero member

Activity: 532

Merit: 500

bearded, drunk, fat, naked

I definitely agree that a well-designed auctionhouse would be the perfect next step (just as pretty as the megacoin website).

vtr99

legendary

Activity: 1214

Merit: 1000

Never compromise your standards!

Quote from: cgminer-o on September 12, 2013, 01:11:59 PM

Quote from: blarg on September 12, 2013, 01:09:27 PM

these feel like the longest 1000 blocks EVAR!! Angry

Stay long

2063

Less than 500 blocks to go!

cgminer-o

sr. member

Activity: 350

Merit: 250

1$ =1 MEC 2013 (2,56 $) 5$ =1MEC 2014 ?

Quote from: blarg on September 12, 2013, 01:09:27 PM

these feel like the longest 1000 blocks EVAR!! Angry

Stay long

2063

blarg

full member

Activity: 170

Merit: 100

these feel like the longest 1000 blocks EVAR!! Angry

cgminer-o

sr. member

Activity: 350

Merit: 250

1$ =1 MEC 2013 (2,56 $) 5$ =1MEC 2014 ?

https://www.multipool.us/

Sad

Multipool come.....

vtr99

legendary

Activity: 1214

Merit: 1000

Never compromise your standards!

Difficulty just dropped from 9 to 6! Kick in the Nitrous, block 63,000 here we come!

MEC is currently ranked #2 on coinwarz.com and coinchoose.com Grin

vtr99

legendary

Activity: 1214

Merit: 1000

Never compromise your standards!

Quote from: kriwest on September 12, 2013, 07:43:08 AM

Testnet?

https://bitcointalksearch.org/topic/altcoin-testnets-wasteland-of-failed-assertions-271176

To say Megacoin is a copycat of anything would be wildly naive. All this tells me is hotcoldcoin needs to understand what he's talking about before making failed assertions. Notice he didn't include FTC in these lists? What an ultramaroon. Tongue

Here is a good thread that talks about Testnet.

http://bitcoin.stackexchange.com/questions/tagged/testnet

alex0909

sr. member

Activity: 261

Merit: 250

Quote from: ethought on September 12, 2013, 09:35:30 AM

Quote from: alex0909 on September 09, 2013, 10:41:37 AM

Can someone manage to compile the client for mac users? I guess it can be helpfull, i am not the only megacoin mac user !

Thanks to whoever does this !

Thanks to maxpower for compiling this Mac Megacoin client. 1000 MEC reward sent.

Can be downloaded here: https://www.dropbox.com/s/3tznmgtna2pyy32/Megacoin-Qt-0.8.995-Mac.zip

I dont have a Mac to test on so if any problems please let me know..

Working great! even better than the previous one

Big thanks to him, i'll probably donate

Nordstern

member

Activity: 108

Merit: 10

Quote from: ethought on September 12, 2013, 09:35:30 AM

Thanks to maxpower for compiling this Mac Megacoin client. 1000 MEC reward sent.

Can be downloaded here: https://www.dropbox.com/s/3tznmgtna2pyy32/Megacoin-Qt-0.8.995-Mac.zip

+1 for supporting the community!

ethought

legendary

Activity: 1316

Merit: 1000

Quote from: alex0909 on September 09, 2013, 10:41:37 AM

Can someone manage to compile the client for mac users? I guess it can be helpfull, i am not the only megacoin mac user !

Thanks to whoever does this !

Thanks to maxpower for compiling this Mac Megacoin client. 1000 MEC reward sent.

Can be downloaded here: https://www.dropbox.com/s/3tznmgtna2pyy32/Megacoin-Qt-0.8.995-Mac.zip

I dont have a Mac to test on so if any problems please let me know..

Nordstern

member

Activity: 108

Merit: 10

Quote from: kriwest on September 12, 2013, 07:43:08 AM

Testnet?

https://bitcointalksearch.org/topic/altcoin-testnets-wasteland-of-failed-assertions-271176

for me its:
{
"version" : 179500,
"protocolversion" : 70001,
"walletversion" : 60000,
"balance" : 0.00000000,
"blocks" : 0,
"timeoffset" : 0,
"connections" : 0,
"proxy" : "",
"difficulty" : 0.00024414,
"testnet" : true,
"keypoololdest" : 1378995588,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"errors" : ""
}

but no connect so far due to missing nodes...

kriwest

full member

Activity: 154

Merit: 100

Testnet?

https://bitcointalksearch.org/topic/altcoin-testnets-wasteland-of-failed-assertions-271176

cgminer-o

sr. member

Activity: 350

Merit: 250

1$ =1 MEC 2013 (2,56 $) 5$ =1MEC 2014 ?

@ kimoto
What is the next phase? Cool

kriwest

full member

Activity: 154

Merit: 100

I'm all for creating a poker site. The only thing I find difficult with something like Seals With Clubs is that it's way too easy to cheat and collude. Getting around that problem when everyone is anonymous can be tricky.

Something else would be an iOS game that uses MEC as it's currency. There are many free-to-play games where you need to buy in-game currency to purchase upgrades and items. Why then not have a currency that you can also use for other things than the game itself? The game account would just be another MEC-wallet that you can transfer from/to at any time.

A payment processor directly from USD > MEC would be a big help for that though. Bypassing Bitcoin entirely.

Topic: [ANN] [MΣC] Megacoin.co.nz - Forum, Github, Website Now in 18 Languages - page 139. (Read 330783 times)