Topic: [ANN] Metal Coin - X11 POW with MTT - Launch on 1st Oct 2014 at 1pm UTC+0 - page 8. (Read 13867 times)

So *that's* why you've always got the first pool up! A dedicated wallet-compiling box! Shoulda known

Perfect explanation.

And thats why everyone wants to be the first... and some pools have dedicated machines only for compiling wallets as fast as they can :-D

If all goes according to plan, then yes, all you get by renting a huge farm is a larger portion of those 24 coins in each block.

However, if you're the first one to do so (instamining the earliest blocks), your percentage payout on those earlier coins will be greater than if you rent the same large amount of hashrate later once more miners jump on the coin. Like, let's say Metalcoin has 6 gh/s right out of the gate, and you rent 3 gh/s-- this will give you 33% of all Metalcoin mined for the duration of your rental. But if you wait until the hashrate grows to 27gh/s and then rent 3 gh/s, at that point you're spending the same on your rental but only getting 10% of all Metalcoin.

There are other advantages of renting large hashrate early. Sometimes a new coin's block release timing will have an error, and a large amount of hashrate will find blocks more quickly than every 2 minutes as per target, kind of like overdriving the release time. This is an outside chance situation and usually is detrimental to the overall perception of the coin, since it relies on an obvious error in the code which shuts out the support of other crucial early adopter miners, but I've seen it work quite a few times.

Renting large hashrate is most effective on coin releases with short PoW and high block rewards as a percentage of total supply. The most recent example of this is Utilitycoin. It's less effective on PoW-only coins but this adds more overall stability through better distribution.

Okay, ive got it, thanks to you 2 for replying

Blocks take on average for this coin about 2 minutes to complete.
Larger farms = more shares sent to stratum.
More shares sent = more coins paid to the miner.

So the block reward time doesn't change, when you start mining a block its going to take on average 2 minutes for each block to complete? Do pools mine multiple blocks at once?

Yea i see that now

Can someone explain this to me. What is the advantage of using a huge mining farm if the block reward is the same and theres a specific block target time. Im assuming that the block time is the time between finding blocks. In the case of metal coin, the block reward is 24 and the block time is 2 minutes. Whats the point in using a  massive rig. Surely the only advantage would be getting a larger portion of those 24 coins in each block? thanks

Its the first in the list :-)))

I already pointed my rigs there
I almost missed the pool somehow, thanks for reminding me

thx mate !

Which pool will be everyone mining on?

less than 3 hours.

Thnx mods

wallet is ready?

4 hours left to launch

how many hours left until coin launch?

We did tried to change path before but it still produce same error. And also libleveldb.a exist with necessary file.

Check if your libleveldb.a compiled all necessary files correctly
 the problem could be that your Windows find.exe is overruling your MSYS file.exe. They both work very differently and are not interchangeable. The makefile of LevelDB uses the Unix style find.exe. You can fix this by explicitly putting your MSYS find.exe directory before the Windows find.exe directory (which should be something like C:\Window\System32\find.exe).

Being trying to compile a windows wallet for day but stuck at this error so still need someone who can compile windows wallet. Already receive a few forumer willing help us to compile windows wallet at launch.