[ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 118.

Ait

full member

Activity: 196

Merit: 100

Quote from: Mivexil on February 28, 2014, 04:50:22 PM

Quote from: Ait on February 28, 2014, 04:48:57 PM

Quote from: Mivexil on February 28, 2014, 04:46:03 PM

Quote from: Nullu on February 28, 2014, 03:52:04 PM

So I would be happy to inject 100 PMC into the block rewards on Sunday if we can draw enough attention to it.

I know, easy come easy go and all that... but if the market keeps following the pattern, we'll soon have to start to operate with a little smaller amounts of PMC or we'll end up giving away cars, yachts and countries Cheesy

@Ait - The block rewarder is basically Nullu (or JohnnyVicious) sending the coins to himself, and generating a transaction fee with each of those. Just a little way of rewarding miners.

A vanity address is an address that contains letters of your choice, like a vanity plate on a car. Mine is, for example, 1MivexiLEfUVeo13WApbNFHbapKFSkYMo4 . If you're interested, let us know, somebody can generate one for you Wink

So a block rewarder is a piece of hardware, not software?

No, it's a script - a piece of software. Just sends transactions from one address to another back and forth Wink

Ahh OK, from one wallet address to another? Why don't we all use block rewarders?

Mivexil

member

Activity: 112

Merit: 10

Quote from: Ait on February 28, 2014, 04:48:57 PM

Quote from: Mivexil on February 28, 2014, 04:46:03 PM

Quote from: Nullu on February 28, 2014, 03:52:04 PM

So I would be happy to inject 100 PMC into the block rewards on Sunday if we can draw enough attention to it.

I know, easy come easy go and all that... but if the market keeps following the pattern, we'll soon have to start to operate with a little smaller amounts of PMC or we'll end up giving away cars, yachts and countries Cheesy

@Ait - The block rewarder is basically Nullu (or JohnnyVicious) sending the coins to himself, and generating a transaction fee with each of those. Just a little way of rewarding miners.

A vanity address is an address that contains letters of your choice, like a vanity plate on a car. Mine is, for example, 1MivexiLEfUVeo13WApbNFHbapKFSkYMo4 . If you're interested, let us know, somebody can generate one for you Wink

So a block rewarder is a piece of hardware, not software?

No, it's a script - a piece of software. Just sends transactions from one address to another back and forth Wink

Ait

full member

Activity: 196

Merit: 100

Quote from: Mivexil on February 28, 2014, 04:46:03 PM

Quote from: Nullu on February 28, 2014, 03:52:04 PM

So I would be happy to inject 100 PMC into the block rewards on Sunday if we can draw enough attention to it.

I know, easy come easy go and all that... but if the market keeps following the pattern, we'll soon have to start to operate with a little smaller amounts of PMC or we'll end up giving away cars, yachts and countries Cheesy

@Ait - The block rewarder is basically Nullu (or JohnnyVicious) sending the coins to himself, and generating a transaction fee with each of those. Just a little way of rewarding miners.

A vanity address is an address that contains letters of your choice, like a vanity plate on a car. Mine is, for example, 1MivexiLEfUVeo13WApbNFHbapKFSkYMo4 . If you're interested, let us know, somebody can generate one for you Wink

So a block rewarder is a piece of hardware, not software?

Mivexil

member

Activity: 112

Merit: 10

Quote from: Nullu on February 28, 2014, 03:52:04 PM

So I would be happy to inject 100 PMC into the block rewards on Sunday if we can draw enough attention to it.

I know, easy come easy go and all that... but if the market keeps following the pattern, we'll soon have to start to operate with a little smaller amounts of PMC or we'll end up giving away cars, yachts and countries Cheesy

@Ait - The block rewarder is basically Nullu (or JohnnyVicious) sending the coins to himself, and generating a transaction fee with each of those. Just a little way of rewarding miners.

A vanity address is an address that contains letters of your choice, like a vanity plate on a car. Mine is, for example, 1MivexiLEfUVeo13WApbNFHbapKFSkYMo4 . If you're interested, let us know, somebody can generate one for you Wink

Ait

full member

Activity: 196

Merit: 100

PS Judging on AUR's recent success...all we need is someone with a few bitcoins to shoot the value of PMC through the roof for 24 hours - get noticed an then we'll get listed on MintPal - easy eh?!

Ait

full member

Activity: 196

Merit: 100

Quote from: ?? on ??

I only catch 5 PMC a day thru mining so I'm still spending about 150 PMC a week on my block rewarder.
My wallet runs stable now after a few tweaks to the script, gonna generate a new 'FREE' vanity address tho since the block explorer can't show it anymore.
Funny part is that I'm the one generating almost all of the 0.00 blocks, doesn't really matter if we start rewarding those Wink

I keep reading about block rewarder and have no idea what you guys mean - I think I'm still struggling on the fundamentals of PMC can someone explain it to me in easy to understand terms...like what's a vanity address - lol?

Sorry not a techie girl at all but trying to understand it all! Grin

Nullu

hero member

Activity: 532

Merit: 500

Quote from: Mivexil on February 28, 2014, 03:29:38 PM

Quote from: TheBeardedMann on February 28, 2014, 03:11:55 PM

So I was thinking of an idea to help the miners with TX Fees. Don't know if this would work or if it would throw things off or what, just an idea.
What about a Happy Hour? During this time, two people trade back and forth a set amount of PMC, and bump the TX Fees up. So that way by the end of trading, lets say 100 PMC, it's been "eaten up" by TX Fees. No announcement of the Happy Hour, just a little bonus to whoever may be mining at that time. Afterwards, the Happy Hour announcement can be posted with a Congrats or something like that. Anyone can expand on this, it's just a base idea.

We've been doing kinda, sorta, something like this with Nullu's block rewarder (I think it was Nullu's, at least). Worked nice, but has eaten through those PMC at a scary rate Wink

Yes. It was eating through 100 PMC a day when I started using it. It's still running now, but on drastically less PMC so it can run continuously.

JohnnyVicious also has his own Block Rewarder. His currently generates much higher block rewards than mine, but I believe he also has a decent amount of mining power to make it more sustainable. Mine is running off donations, but I know he's also been using PMC he bought as well.

I'm happy to run promotional runs where higher levels of PMC are injected into new blocks but to make it successful the promotion needs high visibility. So I would be happy to inject 100 PMC into the block rewards on Sunday if we can draw enough attention to it.

Quote from: TheBeardedMann on February 28, 2014, 03:45:27 PM

But doesn't the Block Rewarder reward 0 TX Fee transactions? Or am I incorrect? This is more like, well, Happy Hour. A brief period of bigger rewards. Similar to how LottoCoin has random big reward blocks. But this is user controlled.

No. That was the initial idea, but that became an unworkable solution to get functioning properly and would take a significant amount of work.

Check some blocks on the block explorer.

Nullu's Block Rewarder; 1Nt7T8VKi64mPtLZTkxv8cs3745RE4JfDY:
JohnnyVicious' Block Rewarder; 1FREE145aEP2FHcNWJx83r887L7DU1mH6V

You can see his is a lot more aggressive in how much PMC he transfers to himself. Mine is slower but I have no problems running it 24/7 without any slowdown. JohnnyVicious' script does create more traffic, though.

uasteel

newbie

Activity: 42

Merit: 0

PMC back on the rise on Polo

TheBeardedMann

full member

Activity: 168

Merit: 100

But doesn't the Block Rewarder reward 0 TX Fee transactions? Or am I incorrect? This is more like, well, Happy Hour. A brief period of bigger rewards. Similar to how LottoCoin has random big reward blocks. But this is user controlled.

Mivexil

member

Activity: 112

Merit: 10

Quote from: TheBeardedMann on February 28, 2014, 03:11:55 PM

So I was thinking of an idea to help the miners with TX Fees. Don't know if this would work or if it would throw things off or what, just an idea.
What about a Happy Hour? During this time, two people trade back and forth a set amount of PMC, and bump the TX Fees up. So that way by the end of trading, lets say 100 PMC, it's been "eaten up" by TX Fees. No announcement of the Happy Hour, just a little bonus to whoever may be mining at that time. Afterwards, the Happy Hour announcement can be posted with a Congrats or something like that. Anyone can expand on this, it's just a base idea.

We've been doing kinda, sorta, something like this with Nullu's block rewarder (I think it was Nullu's, at least). Worked nice, but has eaten through those PMC at a scary rate Wink

shanent

member

Activity: 98

Merit: 10

cryptsy resume 84 likes and 9 pages of comments.

I tried today to have some likes more on fb page but I didn't have many times and only 30 likes more.

I have also contacted some online shop to add PMC to their payment(and i'm waiting for replies).

If you like my work any donation for the time spent is welcome

EcuaMobi

legendary

Activity: 1876

Merit: 1475

Please retweet this if possible:

https://twitter.com/preminer/status/439492614027751424

You can use this URL to link to the Android Wallet:
http://preminer.com

TheBeardedMann

full member

Activity: 168

Merit: 100

So I was thinking of an idea to help the miners with TX Fees. Don't know if this would work or if it would throw things off or what, just an idea.
What about a Happy Hour? During this time, two people trade back and forth a set amount of PMC, and bump the TX Fees up. So that way by the end of trading, lets say 100 PMC, it's been "eaten up" by TX Fees. No announcement of the Happy Hour, just a little bonus to whoever may be mining at that time. Afterwards, the Happy Hour announcement can be posted with a Congrats or something like that. Anyone can expand on this, it's just a base idea.

getmining.info

full member

Activity: 182

Merit: 100

Quote from: kbroadfoot on February 28, 2014, 03:08:34 PM

Cool thing about PMC vanity addresses is they ARE Bitcoin vanity addresses as well:

Oh, Wow! I never thought of that Roll Eyes

kbroadfoot

legendary

Activity: 1302

Merit: 1000

Bass Player

Cool thing about PMC vanity addresses is they ARE Bitcoin vanity addresses as well:

Like mine: 1Ampeg7EzBvMn7DEpYd1rdmaKFkUREF5hY

Ampeg, Bass Player.... etc...

Mivexil

member

Activity: 112

Merit: 10

Quote from: Nullu on February 28, 2014, 02:57:24 PM

Quote from: creditcoin_CRD on February 28, 2014, 02:44:33 PM

http://www.ibtimes.co.uk/cryptocurrency-news-round-no-chance-mt-gox-bailout-japanese-authorities-investigate-1438134

Premine plug in the IBT. It isn't good news, but it is news nevertheless.

We need some comments on that article defending Premine! Cheesy

Eh, let's not jump on it too much. We'll look like all those other coins desperately trying to defend themselves while they're sinking. PMC will defend itself on this one

By the way, can somebody spare 0.1PMC or so? I've imported a vanity address, and I want to be 100% sure it's working correctly.

1MivexiLEfUVeo13WApbNFHbapKFSkYMo4 - I'll send back if you want

kbroadfoot

legendary

Activity: 1302

Merit: 1000

Bass Player