[ANN] [PENG] Penguincoin - Vote for Cryptsy! - page 136.

Freyja

member

Activity: 66

Merit: 10

Quote from: conrad90 on February 02, 2014, 08:00:12 AM

Disadvantages of having 1000 blocks reduced block reward -

1. Takes a while to mine them 1,000 blocks before it returns to normal reward
2. Hours of hashing power spent on a reduced blocks.

Thats all i can really think of to be honest lol.

Advantages of having 1000 blocks reduced block reward -

1. Stops big whales getting in straight away and taking all the easy blocks, making them a big share holder and capable of dumping.
2. Gives time for pool operators, to help setup and not be under big pressure.
3. The 1,000 blocks may take a while to be mined but in that time that gives opportunity for China, Australia and other country's to get a part of this launch.
4. Causes hype and discussion on how many blocks are left before it returns to its normal reward.
5. Increases the price of the coin by a percentage.

There my views anyway, & im looking forward to this release. Personally i think the 1,000 blocks are a good idea.

+1

conrad90

newbie

Activity: 41

Merit: 0

Disadvantages of having 1000 blocks reduced block reward -

1. Takes a while to mine them 1,000 blocks before it returns to normal reward
2. Hours of hashing power spent on a reduced blocks.

Thats all i can really think of to be honest lol.

Advantages of having 1000 blocks reduced block reward -

1. Stops big whales getting in straight away and taking all the easy blocks, making them a big share holder and capable of dumping.
2. Gives time for pool operators, to help setup and not be under big pressure.
3. The 1,000 blocks may take a while to be mined but in that time that gives opportunity for China, Australia and other country's to get a part of this launch.
4. Causes hype and discussion on how many blocks are left before it returns to its normal reward.
5. Increases the price of the coin by a percentage.

There my views anyway, & im looking forward to this release. Personally i think the 1,000 blocks are a good idea.

mattle74

full member

Activity: 163

Merit: 100

Quote from: Timeline on February 02, 2014, 06:40:34 AM

Quote from: vertoe on February 02, 2014, 05:37:17 AM

Quote from: Xamda on February 02, 2014, 05:25:10 AM

Pools should be set up prior to launch and this can only be done if dev will provide all necessary info and source...

Otherwise it will be another chaotic launch. I do not know how much time a pool operator needs to get it set up, but the operators should have what they need before launch.

Exactly.

Please dev consider this.
Everyone should start from the same line.

Everyone can start from the same line by solo-mining. If the dev gives the source code out to "pool operators" prior to the launch to the rest of the miners, what's to stop the pool operator from mining before the launch time? I don't think anyone should have access to the source code prior to public launch time.

And this is coming from a pool operator...

lucoia

full member

Activity: 126

Merit: 100

Quote from: sakkosekk on February 02, 2014, 06:53:46 AM

Quote from: Timeline on February 02, 2014, 06:42:24 AM

Quote from: nejat76 on February 02, 2014, 06:35:17 AM

I think count of 1000 blocks before actual reward blocks is too much. It will take at least 5-10 hours to mine 1000 blocks... wasting of too much hashing power... 1000 should be reduced to 500-600 range I think...

See smart coin launch...

+1 Rather increase the initial difficulty than this 1000 blocks of low reward blocks

+1. No point in gathering as much hash as we can before the real mining starts Wink

300-500 suits me very well.

+1 or no 50k blocks at all

Penguincoin

member

Activity: 98

Merit: 10

Quote from: nejat76 on February 02, 2014, 06:35:17 AM

I think count of 1000 blocks before actual reward blocks is too much. It will take at least 5-10 hours to mine 1000 blocks... wasting of too much hashing power... 1000 should be reduced to 500-600 range I think...

See smart coin launch...

Considering most large coins have the block rewards ranging from 1-500,000.. These 1,000 blocks are no different to that but just consistent 50,000 rewards. 99,000 blocks at 500,000 is perfect and that's when the penguins start rolling in for the miners.

Ports added for pool owners: 39533 & 39532

Not long now!

sakkosekk

full member

Activity: 224

Merit: 100

Quote from: Timeline on February 02, 2014, 06:42:24 AM

Quote from: nejat76 on February 02, 2014, 06:35:17 AM

I think count of 1000 blocks before actual reward blocks is too much. It will take at least 5-10 hours to mine 1000 blocks... wasting of too much hashing power... 1000 should be reduced to 500-600 range I think...

See smart coin launch...

+1 Rather increase the initial difficulty than this 1000 blocks of low reward blocks

+1. No point in gathering as much hash as we can before the real mining starts Wink

300-500 suits me very well.

Timeline

legendary

Activity: 924

Merit: 1000

TokenHouse decentralized cryptocurrency exchange

Quote from: nejat76 on February 02, 2014, 06:35:17 AM

I think count of 1000 blocks before actual reward blocks is too much. It will take at least 5-10 hours to mine 1000 blocks... wasting of too much hashing power... 1000 should be reduced to 500-600 range I think...

See smart coin launch...

+1 Rather increase the initial difficulty than this 1000 blocks of low reward blocks

Timeline

legendary

Activity: 924

Merit: 1000

TokenHouse decentralized cryptocurrency exchange

Quote from: vertoe on February 02, 2014, 05:37:17 AM

Quote from: Xamda on February 02, 2014, 05:25:10 AM

Pools should be set up prior to launch and this can only be done if dev will provide all necessary info and source...

Otherwise it will be another chaotic launch. I do not know how much time a pool operator needs to get it set up, but the operators should have what they need before launch.

Exactly.

Please dev consider this.
Everyone should start from the same line.

nejat76

full member

Activity: 140

Merit: 100

security,like correctness,is not an add-on feature

I think count of 1000 blocks before actual reward blocks is too much. It will take at least 5-10 hours to mine 1000 blocks... wasting of too much hashing power... 1000 should be reduced to 500-600 range I think...

See smart coin launch...

hero18688

sr. member

Activity: 392

Merit: 250

92 biliion Huh

Another large quantities shit coin or worth a shock?

Xamda

sr. member

Activity: 266

Merit: 250

Quote from: erre on February 02, 2014, 06:06:08 AM

this coin looks great

Only lack of an exchanger ready at launch Cool

No need for an exchange at launch, it will only cause immediate dumping of coin...

But exchange would help if it was available within a few days after launch.

erre

legendary

Activity: 1666

Merit: 1205

this coin looks great

Only lack of an exchanger ready at launch Cool

sakkosekk

full member

Activity: 224

Merit: 100

Quote from: lucoia on February 02, 2014, 05:46:30 AM

Quote from: Penguincoin on January 31, 2014, 04:52:09 PM

LAUNCHING 02/02/2014 - 4:00PM GMT. Plenty of time before the big superbowl
Github and wallet downloads will be released on thread at launch time. Do not contact me for early release, it will not happen.
A low amount of 17 Blocks have been mined for confirmations and testing.
------------
The first 1,000 blocks have been reduced to 50,000 block reward, once all 1000 blocks have been mined it will return to its original standing of 500,000 per block.

Awwww no reasons to pre setup the miners to be able to solo mine 0second as soon the source is out.

Well I guess I'll do it anyway Tongue

I pre setup solo mining and two pools. You can't go wrong like that Wink

Xamda

sr. member

Activity: 266

Merit: 250

Quote from: hyperbolas on February 02, 2014, 05:42:35 AM

Quote from: vertoe on February 02, 2014, 05:37:17 AM

Quote from: Xamda on February 02, 2014, 05:25:10 AM

Pools should be set up prior to launch and this can only be done if dev will provide all necessary info and source...

Otherwise it will be another chaotic launch. I do not know how much time a pool operator needs to get it set up, but the operators should have what they need before launch.

Exactly.

It should take about 15 to 20 minutes once we get the source. The only thing we lack is the source. Once we get the source, we can compile the daemon, load up the configuration and take off.

Our Penguin pool - https://www.crypticpool.com/peng/

There you are, so if every pool would have the source 20 minutes before launch, it would be possible to have pools up at launch...

Dev, are you reading this? Please...

lucoia

full member

Activity: 126

Merit: 100

Quote from: Penguincoin on January 31, 2014, 04:52:09 PM

LAUNCHING 02/02/2014 - 4:00PM GMT. Plenty of time before the big superbowl
Github and wallet downloads will be released on thread at launch time. Do not contact me for early release, it will not happen.
A low amount of 17 Blocks have been mined for confirmations and testing.
------------
The first 1,000 blocks have been reduced to 50,000 block reward, once all 1000 blocks have been mined it will return to its original standing of 500,000 per block.

Awwww no reasons to pre setup the miners to be able to solo mine 0second as soon the source is out.

Well I guess I'll do it anyway Tongue

hyperbolas

newbie

Activity: 27

Merit: 0

Quote from: vertoe on February 02, 2014, 05:37:17 AM

Quote from: Xamda on February 02, 2014, 05:25:10 AM

Pools should be set up prior to launch and this can only be done if dev will provide all necessary info and source...

Otherwise it will be another chaotic launch. I do not know how much time a pool operator needs to get it set up, but the operators should have what they need before launch.

Exactly.

It should take about 15 to 20 minutes once we get the source. The only thing we lack is the source. Once we get the source, we can compile the daemon, load up the configuration and take off.

Our Penguin pool - https://www.crypticpool.com/peng/

vertoe

hero member

Activity: 518

Merit: 505

Quote from: Xamda on February 02, 2014, 05:25:10 AM

Pools should be set up prior to launch and this can only be done if dev will provide all necessary info and source...

Otherwise it will be another chaotic launch. I do not know how much time a pool operator needs to get it set up, but the operators should have what they need before launch.

Exactly.

Xamda

sr. member

Activity: 266

Merit: 250

Pools should be set up prior to launch and this can only be done if dev will provide all necessary info and source...

Otherwise it will be another chaotic launch. I do not know how much time a pool operator needs to get it set up, but the operators should have what they need before launch.

vertoe

hero member

Activity: 518

Merit: 505

Quote from: Penguincoin on January 31, 2014, 04:52:09 PM

POOLS
(coming soon) -
Pool owners contact me, first 5 pools to setup for Penguincoin will be rewarded with a bounty.
1: http://peng.lotterymining.com/ - Signup now! - 0.5% fee.
2: http://peng.cryptochomper.com - Signup now! - 1% fee
3: http://peng.plingeling.se/ - Signup now! - 0.5% fee
4:
5:
6:

You're not answering my questions on any channels regarding pools. How's someone supposed to set up a pool as long as the coin is not released.

Setting up a dummy page enables me to get a bounty? o_O

Please add http://q30.qhor.net:/ to your Pools list.

newdev12

full member

Activity: 167

Merit: 100

Cant wait for the launch, really want to own some PENG. I think this is going to do well plus very honest coin with such a low premine

Topic: [ANN] [PENG] Penguincoin - Vote for Cryptsy! - page 136. (Read 206085 times)