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Topic: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 224. (Read 382879 times)

member
Activity: 112
Merit: 10
Bounty! Block #31700 = 100 PMC


200 PMC left to give away  Shocked

Bounty Paid!

http://blockchain.premineco.in/a/14rAgEZ9cU

Last 100 coming up soon...


Anything for us non-miners too...and on an entirely unrelated matter, have I told you how attractive you are looking today?  Grin Grin


the last 100.61513653 PMC (+/- fees) to the next poster w/ address.

PMC is in your hands now... Let's make it work! The dev team will continue to do our part!! Enjoy, and thanks for the support from everybody!
member
Activity: 112
Merit: 10
231.552 GH/s

Has it gone up or down since yesterday?

up, since last night even

Where do you see this?
My miner says something completely different Smiley

Buried deep within the thread you will find that it is confusing on purpose Wink It plays to the advantage of security, at least for a time.

For now the coin is sustainable, the dev team has power we haven't even added to the network yet. I myself am prepared to invest my own BTC to buy more. To an extent.

The preferable thing would be to see transaction volume increase, because that is the key.

As much as we trust and love you guys, focusing the mining power in the hands of the dev team (or anyone else for that matter) is still kind of a bad thing for the cryptocurrency.
member
Activity: 112
Merit: 10
231.552 GH/s

Has it gone up or down since yesterday?

up, since last night even

Where do you see this?
My miner says something completely different Smiley

Buried deep within the thread you will find that it is confusing on purpose Wink It plays to the advantage of security, at least for a time.

For now the coin is sustainable, the dev team has power we haven't even added to the network yet. I myself am prepared to invest my own BTC to buy more. To an extent.

The preferable thing would be to see transaction volume increase, because that is the key.
Ait
full member
Activity: 196
Merit: 100
Bounty! Block #31700 = 100 PMC


200 PMC left to give away  Shocked

Bounty Paid!

http://blockchain.premineco.in/a/14rAgEZ9cU

Last 100 coming up soon...


Anything for us non-miners too...and on an entirely unrelated matter, have I told you how attractive you are looking today?  Grin Grin
member
Activity: 112
Merit: 10
As for the insight Premine has given us, there's really not much to say now. It's not like Bitcoin, in that there are few to no transactions being made, and it mostly relies on the community support to keep the network sustained. We'd need to wait until the coin gains adoption to actually derive something from this experiment.

If the traffic is going to be as low with BTC as it is now with PMC, there's a fairly visible danger of somebody screwing up BTC - the hashrate is going to drop if the BTC price doesn't get adjusted accordingly, and it's very possible for someone sitting on top of a mountain of processing power to pull off an attack.

If, however, the transaction fees turn out to be valuable enough to provide an incentive for miners, there will be no problem. The source code seems to be ready for this.

But still, the truth is - we can't really compare the huge and fairly selfish community of Bitcoin with the mostly "for-science" community of Premine. At least not in the very early experimental stage of the latter. If PMC takes off and gains enough value to bring in the whales, we might see problems we don't see now (such as the aforementioned 51% attack).

Another problem with PMC is that while it's valuable to the crypto community in that it shows what's going to happen, it will be hard to bring in people from outside not only the BTC community, but also people not interested in altcoins. People who don't really know what a "premine" is and why it's a good or bad thing. I think the name of the coin hasn't been chosen very well - as stated before, what's a "premine"? I've heard of people mining Bitcoins and making profit, does "premine" mean that I won't make profit out of this? Or has somebody mined my coins?

If we want to pull people in, we obviously need to focus on the non-inflationary aspect of PMC, but we also need it to become more than an experiment. Bitcoin didn't take off until you could actually spend it, and that's where we should start - have places accepting PMC, have people sending PMC one to another, make some paper wallets and distribute them somehow (even putting 1PMC on such wallet and telling people "only 500000 of those will ever be made!" will be a blessing for PMC, or so I believe).

1F5JyEA61USf7Ek5NiUMvjUoWLM6RcN9rM - if I've helped you, reply if I've offended you Cheesy

These are all very notable insights. I agree with your statement.
 
member
Activity: 112
Merit: 10
Bounty! Block #31700 = 100 PMC


200 PMC left to give away  Shocked

Bounty Paid!

http://blockchain.premineco.in/a/14rAgEZ9cU

Last 100 coming up soon...
member
Activity: 112
Merit: 10
As for the insight Premine has given us, there's really not much to say now. It's not like Bitcoin, in that there are few to no transactions being made, and it mostly relies on the community support to keep the network sustained. We'd need to wait until the coin gains adoption to actually derive something from this experiment.

If the traffic is going to be as low with BTC as it is now with PMC, there's a fairly visible danger of somebody screwing up BTC - the hashrate is going to drop if the BTC price doesn't get adjusted accordingly, and it's very possible for someone sitting on top of a mountain of processing power to pull off an attack.

If, however, the transaction fees turn out to be valuable enough to provide an incentive for miners, there will be no problem. The source code seems to be ready for this.

But still, the truth is - we can't really compare the huge and fairly selfish community of Bitcoin with the mostly "for-science" community of Premine. At least not in the very early experimental stage of the latter. If PMC takes off and gains enough value to bring in the whales, we might see problems we don't see now (such as the aforementioned 51% attack).

Another problem with PMC is that while it's valuable to the crypto community in that it shows what's going to happen, it will be hard to bring in people from outside not only the BTC community, but also people not interested in altcoins. People who don't really know what a "premine" is and why it's a good or bad thing. I think the name of the coin hasn't been chosen very well - as stated before, what's a "premine"? I've heard of people mining Bitcoins and making profit, does "premine" mean that I won't make profit out of this? Or has somebody mined my coins?

If we want to pull people in, we obviously need to focus on the non-inflationary aspect of PMC, but we also need it to become more than an experiment. Bitcoin didn't take off until you could actually spend it, and that's where we should start - have places accepting PMC, have people sending PMC one to another, make some paper wallets and distribute them somehow (even putting 1PMC on such wallet and telling people "only 500000 of those will ever be made!" will be a blessing for PMC, or so I believe).

1F5JyEA61USf7Ek5NiUMvjUoWLM6RcN9rM - if I've helped you, reply if I've offended you Cheesy
hero member
Activity: 532
Merit: 500
member
Activity: 112
Merit: 10
hero member
Activity: 532
Merit: 500
member
Activity: 112
Merit: 10
hero member
Activity: 532
Merit: 500
Is it just me, or has the network slowed down?

Code:
31680 2014-02-09 20:06:33 3 1.76224246 2246.386 498999.99996251 10.0635 18.6723 44.0794%
31679 2014-02-09 20:05:12 2 1.1 1507.626 498999.99996251 10.0626 18.6714 44.0817%
31678 2014-02-09 20:04:53 1 0 1507.626 498999.99996251 10.0624 18.6712 44.0822%
31677 2014-02-09 20:04:40 2 1.8 1507.626 498999.99996251 10.0622 18.671 44.0826%
31676 2014-02-09 20:03:51 1 0 1507.626 498999.99996251 10.0616 18.6704 44.084%
31675 2014-02-09 20:03:23 2 1.15 1507.626 498999.99996251 10.0613 18.6701 44.0848%
31674 2014-02-09 20:02:58 1 0 1507.626 498999.99996251 10.061 18.6698 44.0855%
31673 2014-02-09 20:02:30 5 1267.4010558 1507.626 498999.99996251 10.0607 18.6695 44.0863%
31672 2014-02-09 19:58:38 1 0 1507.626 498999.99996251 10.0581 18.6668 44.0922%
31671 2014-02-09 19:58:09 2 1.2 1507.626 498999.99996251 10.0578 18.6665 44.093%
31670 2014-02-09 19:58:03 2 568.725 1507.626 498999.99996251 10.0577 18.6664 44.0932%


this last block has taken awhile

This may not be an issue in future, but having a minimum time threshold for new blocks, then adjusting the difficulty for one block to get the network moving along seems like a good idea and one that should be on the table.

Edit: Difficulty just jumped again.
member
Activity: 112
Merit: 10
We aren't going to get votes until we get some people on board with the coin. Hopefully a good media push will get both.

Or we just pay for promotion like video, picture

A good video was made, it was a good start.

Premine Promotional Video: http://youtu.be/5fPNTT109RE

Special thanks to carlomagno 1LroQX1G8mRuRJN3Rd5HSbEoVv1LCU6Myu

more of this would help alot.
full member
Activity: 168
Merit: 100
For the giveaway.

Either involve Youtube or Reddit. Thats my suggestion.

For reddit, we need subscribers and content makers on the subreddit.
For Youtube, we need videos about PMC, setting up PMC (mining), and buying PMC.
member
Activity: 98
Merit: 10
We aren't going to get votes until we get some people on board with the coin. Hopefully a good media push will get both.

Or we just pay for promotion like video, picture
hero member
Activity: 532
Merit: 500
Difficulty retargetted, double since yesterday, solo mining becomes useless for me Sad

I think it'll decrease again. I don't know the current hashrate but I can feel we've lost some hashpower on the network. Willing to bet the weekend block reward Bonanza pushed the diff up quite high, which has slowed us down due to those miners moving their hashpower elsewhere.
member
Activity: 112
Merit: 10
Is it just me, or has the network slowed down?

Code:
31680 2014-02-09 20:06:33 3 1.76224246 2246.386 498999.99996251 10.0635 18.6723 44.0794%
31679 2014-02-09 20:05:12 2 1.1 1507.626 498999.99996251 10.0626 18.6714 44.0817%
31678 2014-02-09 20:04:53 1 0 1507.626 498999.99996251 10.0624 18.6712 44.0822%
31677 2014-02-09 20:04:40 2 1.8 1507.626 498999.99996251 10.0622 18.671 44.0826%
31676 2014-02-09 20:03:51 1 0 1507.626 498999.99996251 10.0616 18.6704 44.084%
31675 2014-02-09 20:03:23 2 1.15 1507.626 498999.99996251 10.0613 18.6701 44.0848%
31674 2014-02-09 20:02:58 1 0 1507.626 498999.99996251 10.061 18.6698 44.0855%
31673 2014-02-09 20:02:30 5 1267.4010558 1507.626 498999.99996251 10.0607 18.6695 44.0863%
31672 2014-02-09 19:58:38 1 0 1507.626 498999.99996251 10.0581 18.6668 44.0922%
31671 2014-02-09 19:58:09 2 1.2 1507.626 498999.99996251 10.0578 18.6665 44.093%
31670 2014-02-09 19:58:03 2 568.725 1507.626 498999.99996251 10.0577 18.6664 44.0932%


this last block has taken awhile
newbie
Activity: 42
Merit: 0
We aren't going to get votes until we get some people on board with the coin. Hopefully a good media push will get both.
member
Activity: 112
Merit: 10
Don't forget to sign on!

Petition to CoinedUp.Com to add PMC

This is your chance to get PMC on CoinedUp - If enough people ask here, it will be added.


http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/

http://redd.it/1xe6ub

Retweeting will also help https://twitter.com/premine_PMC/statuses/432305047943122944

If PMC is going to make it to a bigger exchange, we need to have many requests.


I voted, we need more votes people are voting it down.
member
Activity: 112
Merit: 10
We should think what is more important at the moment.

...we need vote but also a small comment that isn't "+1 add coin"



^ this

and many, many more votes...
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