Topic: [ANN] | ██ ★ NOW ON CRYPTSY ★ ██ | •• ALIENCOIN •• | ◘ [ALN] ◘ √ | - page 62. (Read 121107 times)

Bad publicity is better than no publicity 

I rly like it.

So much ppl talking about scam, premine, fail and even more.

All they do is pushing this thread and the coin up the thread list so even more ppl are interested into the coin as they see the name again and again.

Thank you

1% is still too much. It's 2 million coins, block reward is 40. That is 50 thousand mined blocks worth. Way way way too much.

Let's imagine this gets to be on an exchange:

The average joe with 1mh/s will make maybe 200 coins on a pool during the first days.

To get any kind of reward that is worth even logging in to an exchange, ALN should be valued about the same as what you get when mining other coins. You'll make about 0.01 BTC a day with 1mh/s mining other coins.

So, if 200 coins should be worth about 0.01 BTC, the market value should be around 1 ALN = .00005 BTC. This would make the 2M premine worth 100 BTC = 100,000 USD. Do you think that's fair compensation for your efforts with this coin?

Yes yes, you claim most of it will be used as giveaways (printing free money always devalues the existing money, making mining less profitable), bounties (for what? services should be profitable on their own and you already have wallets and what not) and who knows what. There's no guarrantee that you will do so, which makes it a risk to add this coin to any exchange as long as you're sitting on the coin pile. Even after maybe two years of the network mining the coin, you are still sitting on nearly half of all the coins in circulation.

You can sell at any price since you didn't invest anything (except maybe few hours of work replacing the logos and coin names on the wallet and posting on bitcointalk) so for miners there is a huge risk that by mining this coin, it will not be profitable at all. If you dump your stash at 0.000001 BTC per ALN, the average miners will pay more for electricity and lose profits from not mining the actually profitable coins, making mining your coin cost them instead of profiting them.

You are trying to make a profit and dump your stash whenever someone is willing to buy any. No one believes otherwise. Just admit it.

Pool information:
-PROP system
-Vardiff stratum
-Minimum payout - 1 ALN
-Better faster stronger server: 16 core, 32gb ram, ssd drivers

Thank you kindly as well

What exactly did you UPDATE ? Is there something we the other pool ops dont know ?

I thank you so much for enlightening us all. You must be THE new savior 2014 years later, finally. CAn I haz baby of yours ?



This will end up on a talk show....."You are NOT the father"!!!!!

DEV - are the pools the same than yesterday or must new accounts be created

DEV - are the pools the same than yesterday or must new accounts be created

cgminer.exe --scrypt -o stratum+tcp://s3.happyminers.net:3113 -u Weblogin.Worker -p PassWorker -I 13

minerd.exe --url stratum+tcp://s3.happyminers.net:3113 --userpass Weblogin.Worker:PassWorker

But I believe that only actually sets a limit to maximum transaction amount, so there is no max number of coins, that's why the mining went on. The premine was 100% of the announced max number of coins, which was wrong. The dev doesn't know what he's doing.

If there are only 200,000,000 coins then how were people able to mine thousands above that limit?
If I'm wrong then I'm wrong but please explain how the valid blockchain showed an additional 40,000+ coins.

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 40 * COIN;
  if (nHeight < 300)
  {
    nSubsidy = 0.0001 * COIN;
    }
    if(nHeight == 1)
    {
       nSubsidy = 200000000 * COIN;
    }
    // Subsidy is cut in half every 1051200 blocks, which will occur approximately every 1 year
    nSubsidy >>= (nHeight / 1051200); // Aliencoin: 1.0512mil blocks in ~1 year

    return nSubsidy + nFees;
}

static const int64 MAX_MONEY = 200000000 * COIN; // Aliencoin: maximum of 200M coins