Topic: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 261. (Read 382879 times)

Voted for Premine!  https://bitcointalksearch.org/topic/rapidballs-which-2-coins-to-add-to-our-game-443423

Yesterday  had same votes of KittehCoin  and quark had few votes and now appear the first. Done some giveaway?

please, donate me

1LyCCD9HGS1hKzze1M4q8Vm5W24wrG3dnx

Thank you very much!  

Just in case you haven't voted: https://bitcointalksearch.org/topic/rapidballs-which-2-coins-to-add-to-our-game-443423

Push!

thanks to the donor 

I managed to build the client for ubuntu:
https://drive.google.com/file/d/0B5U6LQ5HSJ-AbW4yUkVndGJuY1k/edit?usp=sharing
to run it you have to install libdb4.8++
It's not graphically perfect but it works.

here's the source:
https://drive.google.com/file/d/0B5U6LQ5HSJ-AbEE3VFZYR2RXSHM/edit?usp=sharing
I added the makefile in src/leveldb and marked build_detect_platform as executable.
I compiled it with qmake-qt4 and then make (QT creator complained about not finding bitcoin.cpp)

I'd really appreciate some donations

What do you mean enforced tx fee? Just a default fee or one that you have to pay?

You can set a default in the config file pretty easy and just distribute that..

Not even sure what's causing this wonderful increase in rewards. Looks like some sort of exponential growth of the mining reward.

I'm going to bed. I'll leave it running for tonight. Just to see what happens. Enjoy the mining rewards. 

this thread needs a bump

It seems that what was potentially causing my script to crash was infact txfees imposed by the network.

Basically, what my script does is set the txfee it wishes to send (the miners reward), then sends the coins from wallet address A, to wallet address B. When wallet address A is running low, wallet address B sends the coins back to wallet address A, so wallet address A can keep sending coins back to B.

It's basically a cycle;

A sends to B
A sends to B
A sends to B
A sends to B
A sends to B
B sends all to A
Repeat from start.

This is the basic principle of generating block rewards. Each time before wallet address A sends to B, it calculates what the bonus should be, and sets the tx fee to that amount.

Where I was tripping up was when sending coins from B back to A. I was querying my wallet and finding out how many coins were in B, and trying to send them all back to A. This doesn't work. If the network imposes its own tx fee on the transaction, then I am trying to send slightly more coins than I can afford to send from B, as you also have to deduct the txfee imposed by the network.

I've gotten around this by simply sending 1 less coin than the total coins in address B. I'll know soon enough if it has worked. This is such an annoying little glitch.

Edit: Script has passed two cycles successfully without crashing. Hopefully 1 PMC is enough of a buffer to prevent the network trying to impose too much of a tx fee on my transfer of coins from B back to A.

Block rewarder is back up and running for the time being.

Basically, you are able to solo mine this coin for the tx fees, if there are any in the current block (Nullu has set up a script that currently adds a bit of a reward to each block until the wallet update with an enforced tx fee is finished being developed). You are also getting coins via the faucet and from some nice members that are willing to redistribute the coin.

You talk like you have some hidden agenda behind  

Anyway, it is too late. The coin is already on the exchange. Besides, there is a faucet... and sometimes this thread  

1P9W3q7uZkMo5NAE1NTEzfo1Uqz8Qij8vh

how do you mine this? where do i point my rigs to? or do we just all solo mine?

I've figured out a way to run two seperate independent wallets on my single home machine. I wouldn't dare try to open both wallets at once, but I should be able to run the block rewarder locally from now on. That way if it throws a wobbler I can fix it here.

I recommended right now to add PMC to https://c-cex.com here
https://bitcointalksearch.org/topic/annnew-altcoinsusd-exchange-446640

Thread startet todays afternoon. This is a good chance to bring PMC to this Exchange.
Please vote there for PMC.

no point yet. the coin should be distributed more. i don't really want buying/selling of the coin till we double our numbers or at least have more in the public knowledgeable about preminecoin.

the coin IS worthless if we don't inform everyone in a fair way (which could just be many PMC topics), because if distribution is screwed before demand is at the proper level, then its hard to see a future for this coin.

Ok, it looks like for whatever reason the block rewarder has stopped producing rewards. It could be that block generation sped up at some point and so the script has gone into cool down until the rate slows back down, or the script isn't running for some reason. I'll check the server tomorrow.

Looking at the blockchain, the amount of transactions in each block is considerably smaller, which leads me to believe the script is in cool down mode due to a higher block generation rate. It probably would have been a good idea to set a maximum cap on the cool down rate. As it stands, if the network doesn't slow down, then the block rewarder won't continue to send out rewards until the difficulty readjusts.

Actually, the cool down rate just needs to be reset after each cycle of the payout rewarder. I'll need to make some adjustments. 

It's a little unfair, to be honest. To be added so late to the end of the poll closing makes it pretty hard to compare the votes.

Just vote here.
https://bitcointalksearch.org/topic/which-coin-do-you-want-to-see-added-to-httpcryptokopeneu-444266

Vote, Vote, Vote. We can reach fourth Place
Voting closes tomorrow evening.

Everyone has their price, and the people hoarding who do not care about PMC will sell it off sooner rather than later. It will find it's way around the market over time. Distribution is definitely going up, not down. Hoarding PMC is pointless anyway. You're just wasting BTC. It needs to be in lots of hands.

Hey, if he's willing to give them away free, why not? Sharing is caring