looks like we're no longer a secret. hashes are starting to jump!
omg my hashrate dropped by more then 50%.
yah my hash droped 45% its almost starting to look like im mining regular scrypt coins now
Topic: [ANN] microCoin MRC - alcurEX - Scrypt-Jane - nFactor - page 159. (Read 374705 times)
omg my hashrate dropped by more then 50%.
yah my hash droped 45% its almost starting to look like im mining regular scrypt coins now
Sorry for the late inactivity, but we have been busy with work on our future announcement. Rest assured microCoin is still going. The current policy is that we will be keeping a somewhat low profile for a while and do more promotion for microCoin later after our future announcement. Consider this a good chance to get some easy microCoin.
Logo contest has finally ended! The new logo has been chosen and the winner will still be making some changes to the alternative logo, but the primary logo should be finished, website will be up soon:
http://i.imgur.com/Ekd4fZh.png
http://i.imgur.com/XCosZZz.png
Logo contest has finally ended! The new logo has been chosen and the winner will still be making some changes to the alternative logo, but the primary logo should be finished, website will be up soon:
http://i.imgur.com/Ekd4fZh.png
http://i.imgur.com/XCosZZz.png
I thought you said there would be a vote at the end of the competition to gauge interest?
It's a shame, because I thought some of the other designs were much more unique, pretty and usable for purposes of advertising and brand recognition.
Everytime I look at that one I read the word "CUP" for some reason.
looks like we're no longer a secret. hashes are starting to jump!
omg my hashrate dropped by more then 50%.
Same
looks like we're no longer a secret. hashes are starting to jump!
omg my hashrate dropped by more then 50%.
does that mean all coins will be mined in 8 years? 1% inflation is not bad better then U.S. dollar haha
Perhaps I missed something, but how is this coin deflationary? If the block reward never reaches 0, as it stops at a 1000, then at least 1000 coins need to be lost each block, otherwise supply increases causing inflation.. Unless, you have some sort of master plan to ensure demand increases at a very steady and consistent rate to match the supply increase, then this coin will suffer from inflation.
If you want it to truly be a deflationary currency, the block reward must end at 0. This means total supply cant increase as its fixed, but it can decrease due to losing access to wallets etc. supply dropping or demand increasing will result in the price climbing.
As it stands supply will always increase, If demand stays the same the coin devalues. If demand drops, the coin devalues. You are completely relying on demand increasing, which is out of your control.
My advice, there's no room in the future for inflationary currencies. So aiming for deflation is the right move, however what you have here isn't going to be deflationary.. You need to make sure the block reward drops to 0 and then stays there.
You are kind of missing something. With a 1000 block reward, inflation rate would be under 1% per year. The amount of coins lost from people losing passwords, dying, or having coins unrecoverable somehow will probably outweigh that number, maybe even by a large margin. It's entirely possible, or maybe even probable, that the currency would remain deflationary. At the very worst, it would be neutral.
Coins that have 0% inflation, or no block reward at all, that rely solely on transaction fees to incentivize miners to keep the block chain up, might not even be valid in the long run.
It is my professional opinion, this coin is about as perfect as it gets in regard to late game block reward and inflation/deflation. You have to incentivize miners with something to keep the block chain up, running, and secure after all.
In terms of economic theory, the entire purpose of money is a transaction unit. If at all possible, one should probably be aiming for that to be a constant, not inflationary OR deflationary. Deflationary isn't without negatives, such as loss of liquidity and hording. If you can make money entirely by hording, there's no incentive for investment in industry. Let's not forget that more gold is brought into the market each year through mining as well, and it still remains deflationary.
Quote
microCoin aims to be a deflationary currency for investors
Quote
310,000+ Block rewards counts down by 0.01 until the block reward is 1000.
When the block reward is 1000, it will stay as that.
When the block reward is 1000, it will stay as that.
Perhaps I missed something, but how is this coin deflationary? If the block reward never reaches 0, as it stops at a 1000, then at least 1000 coins need to be lost each block, otherwise supply increases causing inflation.. Unless, you have some sort of master plan to ensure demand increases at a very steady and consistent rate to match the supply increase, then this coin will suffer from inflation.
If you want it to truly be a deflationary currency, the block reward must end at 0. This means total supply cant increase as its fixed, but it can decrease due to losing access to wallets etc. supply dropping or demand increasing will result in the price climbing.
As it stands supply will always increase, If demand stays the same the coin devalues. If demand drops, the coin devalues. You are completely relying on demand increasing, which is out of your control.
My advice, there's no room in the future for inflationary currencies. So aiming for deflation is the right move, however what you have here isn't going to be deflationary.. You need to make sure the block reward drops to 0 and then stays there.
Quote
microCoin aims to be a deflationary currency for investors
Quote
310,000+ Block rewards counts down by 0.01 until the block reward is 1000.
When the block reward is 1000, it will stay as that.
When the block reward is 1000, it will stay as that.
Perhaps I missed something, but how is this coin deflationary? If the block reward never reaches 0, as it stops at a 1000, then at least 1000 coins need to be lost each block, otherwise supply increases causing inflation.. Unless, you have some sort of master plan to ensure demand increases at a very steady and consistent rate to match the supply increase, then this coin will suffer from inflation.
If you want it to truly be a deflationary currency, the block reward must end at 0. This means total supply cant increase as its fixed, but it can decrease due to losing access to wallets etc. supply dropping or demand increasing will result in the price climbing.
As it stands supply will always increase, If demand stays the same the coin devalues. If demand drops, the coin devalues. You are completely relying on demand increasing, which is out of your control.
My advice, there's no room in the future for inflationary currencies. So aiming for deflation is the right move, however what you have here isn't going to be deflationary.. You need to make sure the block reward drops to 0 and then stays there.
Quote
microCoin aims to be a deflationary currency for investors
Quote
310,000+ Block rewards counts down by 0.01 until the block reward is 1000.
When the block reward is 1000, it will stay as that.
When the block reward is 1000, it will stay as that.
Perhaps I missed something, but how is this coin deflationary? If the block reward never reaches 0, as it stops at a 1000, then at least 1000 coins need to be lost each block, otherwise supply increases causing inflation.. Unless, you have some sort of master plan to ensure demand increases at a very steady and consistent rate to match the supply increase, then this coin will suffer from inflation.
If you want it to truly be a deflationary currency, the block reward must end at 0. This means total supply cant increase as its fixed, but it can decrease due to losing access to wallets etc. supply dropping or demand increasing will result in the price climbing.
As it stands supply will always increase, If demand stays the same the coin devalues. If demand drops, the coin devalues. You are completely relying on demand increasing, which is out of your control.
My advice, there's no room in the future for inflationary currencies. So aiming for deflation is the right move, however what you have here isn't going to be deflationary.. You need to make sure the block reward drops to 0 and then stays there.
Micro wallet crashing. I cannot run it!
Windows 7
Check your log. There you see why.Windows 7
Usually because you have error in your config file.
29ltc buy wall at 0.00000078 poloniex and good support after that! How low do you think it will be dumped to just trying to gage my buy price?
looks like we're no longer a secret. hashes are starting to jump!
added all nodes, still can't sync...
Micro wallet crashing. I cannot run it!
Windows 7
Windows 7
Has anyone any information on the "Share above target" issue at the moment?
From what I gather its a StartT setting that needs setting, but in the GPU and CPU miners supplied in the OP for Linux there is no "--StartT" argument?
StartT is already in sourcecode. (in scrypt.c file)From what I gather its a StartT setting that needs setting, but in the GPU and CPU miners supplied in the OP for Linux there is no "--StartT" argument?
We are multipool resistant right now but once we hit a flat rate of 1000/block we aren't going to be anymore. What do you guys think is the best option to remain mulyipool resistant?
multipool can't mine jane coins because client use CG miner.
We are multipool resistant right now but once we hit a flat rate of 1000/block we aren't going to be anymore. What do you guys think is the best option to remain mulyipool resistant?
Has anyone any information on the "Share above target" issue at the moment?
From what I gather its a StartT setting that needs setting, but in the GPU and CPU miners supplied in the OP for Linux there is no "--StartT" argument?
From what I gather its a StartT setting that needs setting, but in the GPU and CPU miners supplied in the OP for Linux there is no "--StartT" argument?
Well it must have been a hard job selecting images... some quite nice ones were posted >.<
I like the images that were chosen too tho
I like the images that were chosen too tho
Aww, i liked https://bitcointalksearch.org/topic/m.4654661 Strelok's ones very much! 
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