[ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 259.

Zzzack

full member

Activity: 168

Merit: 100

Quote from: Nullu on February 04, 2014, 02:53:21 PM

Thanks to generous donations, as well as my own PMC put aside, I have enough to distribute for some time. I believe this is the best method at my disposal to distribute PMC. Once the value goes up, or I start running low, I can change the payout settings.

The network imposed transaction fees have pushed up the rewards significantly. Average is around 0.25 PMC. I may have to slow it down if this 100 PMC runs out in the next few hours.

I would definitely lower mining rewards to like .1 PMC just to make it last a while

Nullu

hero member

Activity: 532

Merit: 500

Quote from: ctenc001 on February 04, 2014, 03:09:31 PM

Quote from: Nullu on February 04, 2014, 03:07:40 PM

Quote from: deodecagone on February 04, 2014, 03:05:22 PM

Quote from: Nullu on February 04, 2014, 01:08:44 PM

Give PMC time. I keep saying this, but the price right now is meaningless. It needs to be in more hands, and be on more exchanges.

I've pumped another 100 PMC into new blocks on the network today. I'll pump another 100 overnight.

Now is the time to mine PMC.

Eventually it's going to sink in with people that there are less 500,000 coins in existence, and that is all there will ever be. I've never come across a coin like this before, and I will continue to distribute it via my Block Rewarder until the wallet update is released.

There will come a time where a single PMC will be valuable. We are still in the early days of distribution. Imagine where Premine could be in just a few short months. Don't miss out.

+1 , fully agreed it is a matter of time like in most investments, People will come back and whine "If ever I could come back by that time the coins were freely distributed !!!!"

Yes, it will be too late by then. You can get a good amount right now just by mining it. It's basic economics. If you want currency to move, it needs to be in enough hands. Currency would be worthless if it was only held by a couple of hundred people. This is anti-hoarding. Wink

Premine challenges normal cryptocurrency conventions, and that will be the reason that makes it a success. We want people to use Premine. Well, here's your chance to get some while it lasts, because it's going to be pretty damn expensive to get hold of in the near future.

how much are people averaging mining per MH/s?

That I couldn't possibly say. Do you mean how much PMC they are getting? It varies depending on the network transaction fees, and what my block rewarder pays out.

ctenc001

hero member

Activity: 910

Merit: 1000

Quote from: Nullu on February 04, 2014, 03:07:40 PM

Quote from: deodecagone on February 04, 2014, 03:05:22 PM

Quote from: Nullu on February 04, 2014, 01:08:44 PM

Give PMC time. I keep saying this, but the price right now is meaningless. It needs to be in more hands, and be on more exchanges.

I've pumped another 100 PMC into new blocks on the network today. I'll pump another 100 overnight.

Now is the time to mine PMC.

Eventually it's going to sink in with people that there are less 500,000 coins in existence, and that is all there will ever be. I've never come across a coin like this before, and I will continue to distribute it via my Block Rewarder until the wallet update is released.

There will come a time where a single PMC will be valuable. We are still in the early days of distribution. Imagine where Premine could be in just a few short months. Don't miss out.

+1 , fully agreed it is a matter of time like in most investments, People will come back and whine "If ever I could come back by that time the coins were freely distributed !!!!"

Yes, it will be too late by then. You can get a good amount right now just by mining it. It's basic economics. If you want currency to move, it needs to be in enough hands. Currency would be worthless if it was only held by a couple of hundred people. This is anti-hoarding. Wink

Premine challenges normal cryptocurrency conventions, and that will be the reason that makes it a success. We want people to use Premine. Well, here's your chance to get some while it lasts, because it's going to be pretty damn expensive to get hold of in the near future.

how much are people averaging mining per MH/s?

Nullu

hero member

Activity: 532

Merit: 500

Quote from: deodecagone on February 04, 2014, 03:05:22 PM

Quote from: Nullu on February 04, 2014, 01:08:44 PM

Give PMC time. I keep saying this, but the price right now is meaningless. It needs to be in more hands, and be on more exchanges.

I've pumped another 100 PMC into new blocks on the network today. I'll pump another 100 overnight.

Now is the time to mine PMC.

Eventually it's going to sink in with people that there are less 500,000 coins in existence, and that is all there will ever be. I've never come across a coin like this before, and I will continue to distribute it via my Block Rewarder until the wallet update is released.

There will come a time where a single PMC will be valuable. We are still in the early days of distribution. Imagine where Premine could be in just a few short months. Don't miss out.

+1 , fully agreed it is a matter of time like in most investments, People will come back and whine "If ever I could come back by that time the coins were freely distributed !!!!"

Yes, it will be too late by then. You can get a good amount right now just by mining it. It's basic economics. If you want currency to move, it needs to be in enough hands. Currency would be worthless if it was only held by a couple of hundred people. This is anti-hoarding. Wink

Premine challenges normal cryptocurrency conventions, and that will be the reason that makes it a success. We want people to use Premine. Well, here's your chance to get some while it lasts, because it's going to be pretty damn expensive to get hold of in the near future.

deodecagone

sr. member

Activity: 490

Merit: 250

Quote from: Nullu on February 04, 2014, 01:08:44 PM

Give PMC time. I keep saying this, but the price right now is meaningless. It needs to be in more hands, and be on more exchanges.

I've pumped another 100 PMC into new blocks on the network today. I'll pump another 100 overnight.

Now is the time to mine PMC.

Eventually it's going to sink in with people that there are less 500,000 coins in existence, and that is all there will ever be. I've never come across a coin like this before, and I will continue to distribute it via my Block Rewarder until the wallet update is released.

There will come a time where a single PMC will be valuable. We are still in the early days of distribution. Imagine where Premine could be in just a few short months. Don't miss out.

+1 , fully agreed it is a matter of time like in most investments, People will come back and whine "If ever I could come back by that time the coins were freely distributed !!!!"

Nullu

hero member

Activity: 532

Merit: 500

Thanks to generous donations, as well as my own PMC put aside, I have enough to distribute for some time. I believe this is the best method at my disposal to distribute PMC. Once the value goes up, or I start running low, I can change the payout settings.

The network imposed transaction fees have pushed up the rewards significantly. Average is around 0.25 PMC. I may have to slow it down if this 100 PMC runs out in the next few hours.

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: Nullu on February 04, 2014, 02:48:21 PM

Block Rewarder Status: Live
Block Rewarder Pot: 100 PMC
Time: 5 Seconds (minimum) between Payouts
Block Reward: Minimum 0.01000000, Maximum: ? ? ? (Previous Max reward: 0.41014965)
Block Rewards per block 1x, 2x, 3x

First block reward just went out; 0.3000006.

Going to be a lot higher this time it seems. Network is imposing additional transaction fees.

Good transaction volume = good fees. Keep spreading those coins out

Nullu

hero member

Activity: 532

Merit: 500

Block Rewarder Status: Live
Block Rewarder Pot: 100 PMC
Time: 5 Seconds (minimum) between Payouts
Block Reward: Minimum 0.01000000, Maximum: ? ? ? (Previous Max reward: 0.41014965)
Block Rewards per block 1x, 2x, 3x

First block reward just went out; 0.3000006.

Going to be a lot higher this time it seems. Network is imposing additional transaction fees.

vlight

hero member

Activity: 656

Merit: 500

2014-02-03 16:23:23   Buy   0.00009500   797.97116014   0.07580726
2014-02-03 16:22:43   Buy   0.00009400   1600   0.1504
2014-02-03 16:22:43   Buy   0.00009400   2.7997   0.00026317
2014-02-03 00:59:17   Sell   0.00001500   20   0.0003
2014-02-03 00:59:04   Sell   0.00001510   25   0.0003775
2014-02-03 00:58:48   Sell   0.00002660   799.57030075   0.02126856
2014-02-03 00:56:53   Sell   0.00002960   50   0.00148
2014-02-02 22:10:15   Sell   0.00003010   33   0.0009933
2014-02-02 22:09:09   Sell   0.00003010   10   0.000301
2014-02-02 21:45:29   Sell   0.00008000   350.43327   0.02803466
2014-02-02 21:26:41   Sell   0.00008000   700   0.056

Grin

shanent

member

Activity: 98

Merit: 10

2014-02-04 19:22:18   Sell   0.00005150   28.3   0.00145745
2014-02-04 19:20:07   Sell   0.00005150   70   0.003605
2014-02-04 19:17:17   Sell   0.00008150   1   0.00008150
2014-02-04 19:14:44   Sell   0.00008101   1209.73669917   0.09800076

vlight

hero member

Activity: 656

Merit: 500

Quote from: Nullu on February 04, 2014, 01:08:44 PM

Give PMC time. I keep saying this, but the price right now is meaningless. It needs to be in more hands, and be on more exchanges.

I've pumped another 100 PMC into new blocks on the network today. I'll pump another 100 overnight.

Now is the time to mine PMC.

Eventually it's going to sink in with people that there are less 500,000 coins in existence, and that is all there will ever be. I've never come across a coin like this before, and I will continue to distribute it via my Block Rewarder until the wallet update is released.

There will come a time where a single PMC will be valuable. We are still in the early days of distribution. Imagine where Premine could be in just a few short months. Don't miss out.

This is amazing thing that there will be no more coins produced. When the market cap gets higher it takes a lot of money inflow just to sustain the price(bitcoin needs $3M each day). Premine does not have this drawback.

minime1

newbie

Activity: 53

Merit: 0

What's the actual status of the new wallet?

Nullu

hero member

Activity: 532

Merit: 500

Give PMC time. I keep saying this, but the price right now is meaningless. It needs to be in more hands, and be on more exchanges.

I've pumped another 100 PMC into new blocks on the network today. I'll pump another 100 overnight.

Now is the time to mine PMC.

Eventually it's going to sink in with people that there are less 500,000 coins in existence, and that is all there will ever be. I've never come across a coin like this before, and I will continue to distribute it via my Block Rewarder until the wallet update is released.

There will come a time where a single PMC will be valuable. We are still in the early days of distribution. Imagine where Premine could be in just a few short months. Don't miss out.

Zzzack

full member

Activity: 168

Merit: 100

^^ Agreed. I don't like this much PMC being available in a market at this price Undecided

^ And I really want a faucet coin! Tell me if you ever make one. It wouldn't be too hard, you could just fork a premine code and then place it all into a faucet you code

ctenc001

hero member

Activity: 910

Merit: 1000

Quote from: Zzzack on February 04, 2014, 10:59:12 AM

Quote from: creditcoin_CRD on February 04, 2014, 09:51:00 AM

Quote from: GröBkAz on February 04, 2014, 03:49:44 AM

Quote from: elrapido80 on February 04, 2014, 03:25:59 AM

Quote from: hasar on February 04, 2014, 03:02:08 AM

How many premines in circulation?

498999.99996251

Are all in circulation, or retain the developer still a few (for advertising, etc.) ?

there are about 6500 left. 5000 of those are in escrow for a future bounty. The rest are being passed out mostly via twitter, and in this forum. I.E. a donation for the MacOSX wallet etc.

in short, free supply is coming to an end, and most all coins are in the hands of the people. Distribution is 99% up to you guys from here on out. This is where the rubber meets the road so to speak. Keep distributing!

This coin has made me really want FaucetCoin to be a thing. I vote you put coins in faucet > passed out by twitter. Just seems like a more legitimate way to prove that distribution is equal when no one can make fake accounts.

I'm tempted to go make this, sounds like an awesome idea lol

alternatively maybe create a coin with an online wallet at launch.Every new account has x amount of coinin the wallet upon creation, so when you register on the online wallet site, you get a stake in the coin. have 5000 or so spots open to get coins this way. This way brand new users don't have to learn how to download and use a wallet or mine. Everything is done online. It's also way harder to automate registering for an account if the proper authentication is in place than it is to spoof your IP address and drain a faucet

Benezivas

sr. member

Activity: 294

Merit: 250

Quote from: shanent on February 04, 2014, 12:08:00 PM

Quote from: Nullu on February 04, 2014, 11:56:04 AM

Quote from: creditcoin_CRD on February 04, 2014, 11:41:18 AM

Quote from: eightspaces on February 04, 2014, 11:35:59 AM

how is the coin distributed? are there some people with more than 50k? if, how?

I doubt there is anybody with that much. Unless they bought it on the exchanges.

I expected there to be a lot of dumping when we hit the exchanges, but it's been relatively subdued, all things considered.

The dump is also now. All the 10 PMC giveaway from poloniex are sold little by little or are in orders.

There is some microtrading done atm, I am not sure how to feel about thousands of PMC being available for little money.

shanent

member

Activity: 98

Merit: 10

Quote from: Nullu on February 04, 2014, 11:56:04 AM

Quote from: creditcoin_CRD on February 04, 2014, 11:41:18 AM

Quote from: eightspaces on February 04, 2014, 11:35:59 AM

how is the coin distributed? are there some people with more than 50k? if, how?

I doubt there is anybody with that much. Unless they bought it on the exchanges.

I expected there to be a lot of dumping when we hit the exchanges, but it's been relatively subdued, all things considered.

The dump is also now. All the 10 PMC giveaway from poloniex are sold little by little or are in orders.

Nullu

hero member

Activity: 532

Merit: 500

Quote from: creditcoin_CRD on February 04, 2014, 11:41:18 AM

Quote from: eightspaces on February 04, 2014, 11:35:59 AM

how is the coin distributed? are there some people with more than 50k? if, how?

I doubt there is anybody with that much. Unless they bought it on the exchanges.

I expected there to be a lot of dumping when we hit the exchanges, but it's been relatively subdued, all things considered.

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: ctenc001 on February 04, 2014, 11:49:09 AM

Quote from: creditcoin_CRD on February 04, 2014, 11:41:18 AM

Quote from: eightspaces on February 04, 2014, 11:35:59 AM

how is the coin distributed? are there some people with more than 50k? if, how?

I doubt there is anybody with that much. Unless they bought it on the exchanges.

The most i've seen in one wallet was around 8k. I doubt people have much more than that at this time.

Most of the community has done very well "paying it forward" so to speak.

ctenc001

hero member

Activity: 910

Merit: 1000

Quote from: creditcoin_CRD on February 04, 2014, 11:41:18 AM

Quote from: eightspaces on February 04, 2014, 11:35:59 AM

how is the coin distributed? are there some people with more than 50k? if, how?

I doubt there is anybody with that much. Unless they bought it on the exchanges.

The most i've seen in one wallet was around 8k. I doubt people have much more than that at this time.

Topic: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 259. (Read 382879 times)