[ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 172.

curiouser

newbie

Activity: 52

Merit: 0

Quote from: Zzzack on February 06, 2014, 08:42:33 AM

Lets play pay-it-forward soon. I'm willing to use my faucet coins (at like 12-13) and get it started. So I give 13 PMC to the first random newb who posts in the thread, and then they have to give 6.5 to the next noob, and then they give 3.25 to the next poster, and so on until someone doesn't want .25 PMC or whatever it gets down to.

And register at http://www.reddit.com/r/preminecoin everyone! This is a good place for general discussion, if we get more members.

Hello everyone...hoping the forum software doesn't eat my post this time. It said I had posted less than 360 seconds ago, which I did not (this is my first post on bitcointalk), and everything I typed in went "poof". Have to remember to always copy posts to the clipboard...

Anyway...I'm a noob. Not just to PMC, but to cryptocurrency in general. I have been mining PTS for a few days, and PMC is the third wallet I have installed. (XPM is the other.) I found PMC while searching for other innovative coins. It seems to me that this concept of limited issue and no mining inflation should work!

I would certainly be happy to accept and follow the terms of the pay-it-forward offer. Thanks!

PMC: 1NQHrdyit27c6HM3ByEVojqzxGgMmzgb8X

Nullu

hero member

Activity: 532

Merit: 500

Quote from: Naturalmystic on February 17, 2014, 05:41:27 PM

thanks to the faucet ive gone from 0.25 pmc to 1.955 in just over 24 hours Cool

oh and the giveaway on poloniex

Stick your wallet address in your signature. That sort of dedication deserves to be rewarded.

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: solid12345 on February 17, 2014, 05:37:15 PM

So what's the current estimates for how high this could go?

I'll let the others answer this - my figures come with bias. Grin

Nullu

hero member

Activity: 532

Merit: 500

Quote from: solid12345 on February 17, 2014, 05:37:15 PM

So what's the current estimates for how high this could go?

Current estimates put it just past Alpha Centauri, and on its way to Andromeda.

Naturalmystic

newbie

Activity: 24

Merit: 0

thanks to the faucet ive gone from 0.25 pmc to 1.955 in just over 24 hours Cool

oh and the giveaway on poloniex

solid12345

legendary

Activity: 1246

Merit: 1000

So what's the current estimates for how high this could go?

shanent

member

Activity: 98

Merit: 10

Quote from: creditcoin_CRD on February 17, 2014, 04:51:21 PM

Quote from: bungholio on February 17, 2014, 04:44:47 PM

Quote from: creditcoin_CRD on February 17, 2014, 03:53:53 PM

Quote from: Nullu on February 17, 2014, 03:50:41 PM

https://bitcointalksearch.org/topic/we-construct-a-worlds-tallest-building-do-you-want-your-own-floor-470917

Anyone want to buy PMC a floor? Just 0.01BTC. I would, but I'm supposed to be working right now! Cheesy

on it

edit: done https://blockchain.info/address/1PqXSZsawJmyKcPaew7xpi7wmowwAkWkmT

Dang, beat me to it!

I will make a few more as the tower gets larger.

Cool idea but it's not very clear that banner on bitscraper.

Don't read name on logo, probably it's better only the motto "Premine-Future of Bitcoin revealed".

BTW on mintpal we have 261 votes in two hours....great !

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: bungholio on February 17, 2014, 04:44:47 PM

Quote from: creditcoin_CRD on February 17, 2014, 03:53:53 PM

Quote from: Nullu on February 17, 2014, 03:50:41 PM

https://bitcointalksearch.org/topic/we-construct-a-worlds-tallest-building-do-you-want-your-own-floor-470917

Anyone want to buy PMC a floor? Just 0.01BTC. I would, but I'm supposed to be working right now! Cheesy

on it

edit: done https://blockchain.info/address/1PqXSZsawJmyKcPaew7xpi7wmowwAkWkmT

Dang, beat me to it!

I will make a few more as the tower gets larger.

bungholio

full member

Activity: 130

Merit: 100

Quote from: creditcoin_CRD on February 17, 2014, 03:53:53 PM

Quote from: Nullu on February 17, 2014, 03:50:41 PM

https://bitcointalksearch.org/topic/we-construct-a-worlds-tallest-building-do-you-want-your-own-floor-470917

Anyone want to buy PMC a floor? Just 0.01BTC. I would, but I'm supposed to be working right now! Cheesy

on it

edit: done https://blockchain.info/address/1PqXSZsawJmyKcPaew7xpi7wmowwAkWkmT

Dang, beat me to it!

Nullu

hero member

Activity: 532

Merit: 500

Quote from: creditcoin_CRD on February 17, 2014, 03:53:53 PM

Quote from: Nullu on February 17, 2014, 03:50:41 PM

https://bitcointalksearch.org/topic/we-construct-a-worlds-tallest-building-do-you-want-your-own-floor-470917

Anyone want to buy PMC a floor? Just 0.01BTC. I would, but I'm supposed to be working right now! Cheesy

on it

edit: done https://blockchain.info/address/1PqXSZsawJmyKcPaew7xpi7wmowwAkWkmT

Fantastic. Can't wait to see Premine on there.

Edit: There we are @ floor 23

http://www.bitscraper.pw/p/blog-page.html

Cool

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: Nullu on February 17, 2014, 03:50:41 PM

https://bitcointalksearch.org/topic/we-construct-a-worlds-tallest-building-do-you-want-your-own-floor-470917

Anyone want to buy PMC a floor? Just 0.01BTC. I would, but I'm supposed to be working right now! Cheesy

on it

edit: done https://blockchain.info/address/1PqXSZsawJmyKcPaew7xpi7wmowwAkWkmT

Nullu

hero member

Activity: 532

Merit: 500

https://bitcointalksearch.org/topic/we-construct-a-worlds-tallest-building-do-you-want-your-own-floor-470917

Anyone want to buy PMC a floor? Just 0.01BTC. I would, but I'm supposed to be working right now! Cheesy

Ait

full member

Activity: 196

Merit: 100

Quote from: MyFarm on February 16, 2014, 04:29:52 PM

My 400 PMC giveaway is live at Poloniex. Please only take some if you don't already have some. Thanks.

https://poloniex.com/giveaways

*edit*

Beaten

Thanks MyFarm, I know lots of people have been selling them but I agree it creates awareness of the coin and later, when they see it going up, they are more likely to get back in.

I've also managed to turn my 0.5 PMC into 1 PMC - lets see if I can make it to 2 today! Grin

Ait

full member

Activity: 196

Merit: 100

Quote from: creditcoin_CRD on February 17, 2014, 03:14:56 PM

Quote from: ?? on ??

Quote from: ctenc001 on February 17, 2014, 02:11:49 PM

Quote from: Nullu on February 17, 2014, 02:10:26 PM

Quote from: ctenc001 on February 17, 2014, 02:09:06 PM

Quote from: Nullu on February 17, 2014, 02:05:53 PM

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

is it profitable at these exchange rates?

That's the question, I suppose. With enough hashes? Sure. I can still mine PMC with a meagre 1.2ghash/sec!

I guess the correct question is is it comparably profitable when compared to other coins?

Yes, if you have an ASIC and at currect nethashrate it is a little, my own calculation:
My smallest rig I use for PMC gives 80Gh/s = 0.0129 BTC per day according to Bitcoinx
Mining 24hr gives me about 25 PMC in tx fees : 25 * 0.000645 = 0.016125 BTC
I use those PMC for my Block Rewarders as an idealist in this early stage.

BUT it is not a hash per BTC calculation, if you introduce a terrahash and capture 90% of the blocks you'll only get the same tx fees, doesn't pay out the same way another coin does, you'll just end up boosting the transaction times with a lot of 0.00 blocks Grin

If diff is skyhigh after a terrahash bomb then the blocks will fill up more nicely and become bigger as a reward than when it was faster, rewarding the small patient miners.
Soooo interesting about PMC, innovation without reinventing the wheel like most other coins try to do.

You explained that much better than I ever could have.

I'm starting to understand it a bit better but I think I might need pictures lol...or maybe one of those nice RSA animates videos. Grin

Aderks

newbie

Activity: 43

Merit: 0

Quote from: shanent on February 17, 2014, 02:09:41 PM

http://download.premineco.in/news.png

Help PMC Get On CoinedUp.com http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/

Help PMC Get On Allcrypt.com ( Votes 10 times/24h ) http://www.allcrypt.com/beta/voting.php

Help PMC Get on MintPal (3 votes unregistered-6 votes registered users/every hour) https://www.mintpal.com/voting

Help PMC Get On Cryptsy! https://cryptsy.freshdesk.com/support/discussions/topics/4000000021

And look at my PMC calendar

low res http://[Suspicious link removed]/xyCCix

Done and Done. Go vote!

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: ?? on ??

Quote from: ctenc001 on February 17, 2014, 02:11:49 PM

Quote from: Nullu on February 17, 2014, 02:10:26 PM

Quote from: ctenc001 on February 17, 2014, 02:09:06 PM

Quote from: Nullu on February 17, 2014, 02:05:53 PM

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

is it profitable at these exchange rates?

That's the question, I suppose. With enough hashes? Sure. I can still mine PMC with a meagre 1.2ghash/sec!

I guess the correct question is is it comparably profitable when compared to other coins?

Yes, if you have an ASIC and at currect nethashrate it is a little, my own calculation:
My smallest rig I use for PMC gives 80Gh/s = 0.0129 BTC per day according to Bitcoinx
Mining 24hr gives me about 25 PMC in tx fees : 25 * 0.000645 = 0.016125 BTC
I use those PMC for my Block Rewarders as an idealist in this early stage.

BUT it is not a hash per BTC calculation, if you introduce a terrahash and capture 90% of the blocks you'll only get the same tx fees, doesn't pay out the same way another coin does, you'll just end up boosting the transaction times with a lot of 0.00 blocks Grin

If diff is skyhigh after a terrahash bomb then the blocks will fill up more nicely and become bigger as a reward than when it was faster, rewarding the small patient miners.
Soooo interesting about PMC, innovation without reinventing the wheel like most other coins try to do.

You explained that much better than I ever could have.

Nullu

hero member

Activity: 532

Merit: 500

Quote from: ?? on ??

Quote from: ctenc001 on February 17, 2014, 02:11:49 PM

Quote from: Nullu on February 17, 2014, 02:10:26 PM

Quote from: ctenc001 on February 17, 2014, 02:09:06 PM

Quote from: Nullu on February 17, 2014, 02:05:53 PM

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

is it profitable at these exchange rates?

That's the question, I suppose. With enough hashes? Sure. I can still mine PMC with a meagre 1.2ghash/sec!

I guess the correct question is is it comparably profitable when compared to other coins?

Yes, if you have an ASIC and at currect nethashrate it is a little, my own calculation:
My smallest rig I use for PMC gives 80Gh/s = 0.0129 BTC per day according to Bitcoinx
Mining 24hr gives me about 25 PMC in tx fees : 25 * 0.000645 = 0.016125 BTC
I use those PMC for my Block Rewarders as an idealist in this early stage.

BUT it is not a hash per BTC calculation, if you introduce a terrahash and capture 90% of the blocks you'll only get the same tx fees, doesn't pay out the same way another coin does, you'll just end up boosting the transaction times with a lot of 0.00 blocks Grin

If diff is skyhigh after a terrahash bomb then the blocks will fill up more nicely and become bigger as a reward than when it was faster, rewarding the small patient miners.
Soooo interesting about PMC, innovation without reinventing the wheel like most other coins try to do.

Yeah, I really like the fact that PMC is different simply by exploiting the way Bitcoin already works. It's like fast forwarding by several years and watching BTC of the future. Very interesting indeed.

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: Nullu on February 17, 2014, 02:58:20 PM

Quote from: creditcoin_CRD on February 17, 2014, 02:53:14 PM

Quote from: Nullu on February 17, 2014, 02:45:30 PM

Quote from: creditcoin_CRD on February 17, 2014, 02:34:46 PM

Quote from: ?? on ??

Quote from: creditcoin_CRD on February 17, 2014, 02:31:24 PM

Quote from: kadz on February 17, 2014, 02:26:48 PM

This faucet never will work, if no one donates Undecided

http://faucet.cryptodemand.com/faucet

I can not encourage donating to that faucet. The dev for that faucet was given thousands on PMC, but they were removed from the faucet, and the faucet does not work.

if you wish to donate to a faucet, donate to the official faucet at faucet.premineco.in

Ever track those transactions?

Yes, it is just sitting in an address, hasn't moved in awhile last time i looked.

http://blockchain.premineco.in/a/16PsWmgn2E

I've dropped Musent a PM to find out what's going on. He was online today, so there's no reason he can't pop in and explain the situation. Did you send the coins in good faith that they'd be used solely for the faucet, or were they a bounty reward?

That's just the thing - It's technically a bounty, so he isn't under obligation to give it away.

...However it was agreed that the bounty would be used for the faucet, and that was voluntarily offered by the faucet dev.

If he wants to keep the coins, it's his choice. I don't agree but I don't have to. If he wants to keep the coins and keep the faucet working, I'll gladly donate to it. But I'm going to need some sort of response before moving forward.

Well I'll reserve judgement until he responds, for now. No point conjecturing until he lets us know what's going on.

I agree, no sense pointing fingers yet. He might have been in an accident for all we know.

ctenc001

hero member

Activity: 910

Merit: 1000

Quote from: bungholio on February 17, 2014, 02:55:24 PM

Quote from: shanent on February 17, 2014, 02:45:59 PM

Quote from: bungholio on February 17, 2014, 02:38:30 PM

Quote from: shanent on February 17, 2014, 02:04:32 PM

Sent a mail to https://www.mintpal.com/voting for add PMC at vote.

I registered an account, voted and sent 0.0095 BTC as "encouragement" for PMC to get listed.

When you have some BTC to give please send to me Cheesy

EDIT: also PMC are accepted

Sent 25 PMC Grin

mintpal is pretty much brand new right?
I think another low volume exchange would only hurt PMC. we need to get on coinedup, cryptsy, or something similar. Having all these small exchanges just decentralizes the trading, making our volume, and in response appeal, look smaller.
Coinex or coinmarket.io are the smallest exchanges I think the community should even consider trying to get on; even they are questionable.

Nullu

hero member

Activity: 532

Merit: 500

Quote from: creditcoin_CRD on February 17, 2014, 02:53:14 PM

Quote from: Nullu on February 17, 2014, 02:45:30 PM

Quote from: creditcoin_CRD on February 17, 2014, 02:34:46 PM

Quote from: ?? on ??

Quote from: creditcoin_CRD on February 17, 2014, 02:31:24 PM

Quote from: kadz on February 17, 2014, 02:26:48 PM

This faucet never will work, if no one donates Undecided

http://faucet.cryptodemand.com/faucet

I can not encourage donating to that faucet. The dev for that faucet was given thousands on PMC, but they were removed from the faucet, and the faucet does not work.

if you wish to donate to a faucet, donate to the official faucet at faucet.premineco.in

Ever track those transactions?

Yes, it is just sitting in an address, hasn't moved in awhile last time i looked.

http://blockchain.premineco.in/a/16PsWmgn2E

I've dropped Musent a PM to find out what's going on. He was online today, so there's no reason he can't pop in and explain the situation. Did you send the coins in good faith that they'd be used solely for the faucet, or were they a bounty reward?

That's just the thing - It's technically a bounty, so he isn't under obligation to give it away.

...However it was agreed that the bounty would be used for the faucet, and that was voluntarily offered by the faucet dev.

If he wants to keep the coins, it's his choice. I don't agree but I don't have to. If he wants to keep the coins and keep the faucet working, I'll gladly donate to it. But I'm going to need some sort of response before moving forward.

Well I'll reserve judgement until he responds, for now. No point conjecturing until he lets us know what's going on.

Topic: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 172. (Read 382881 times)