Topic: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 39. (Read 382879 times)

Don't get discouraged if the price of PMC doesn't go back up REALLY fast... ( That would actually be bad )

What will happen is as the price goes up cold wallets will opened and dumped on the market. We will have to deal with this for awhile. The good news is it will keep our multipool PMC coming at a cheaper rate... ( More PMC per share )

After awhile all those bagholders will be gone.... ( the best thing about having only 499000 coins ) and then a real steady rise will start to happen. PMC will not make us millionaires overnight. But, I am sure a steady climb in value will happen...

A STEADY climb is what we want..... HashCows helps us do that.

Everyone... if you can run sha256 thread ( even just one ) at the ACTUAL PMC network as well that will help secure it...

Now lets ROCK!

I hope all of you aiming your scrypt miners @ HashCows are having some results...
A preliminary estimate I have calculated is about 1 PMC per thread per day on a CPU miner... ( at current PMC prices that is )
GPU's should be making even more....

So if you run minerd.exe on a 4 thread cpu you should get 4 PMC per day.... this will drop as PMC prices rise.... as we are NOT mining PMC directly.

NOW we need to find a sha256d multipool and do a repeat. HashCows does not have one...

Coinex.pw doeshave a sha256 switchpool but I have been unable to get 'captainfuture' to 'talk' to me like 'nearmiss' did...

Anyone else have any ideas?

Also if ANYONE is having issues getting a scrypt miner to work @ HashCows

Look at this page:   https://hashco.ws/gettingstarted/

And for this to work we MUST use PMC as our payout method... it is the PMC payout that keeps the buying pressure on Poloniex....

Report back your results!

Let's head for top 50, after that top 10 

Yay! We are on the first site of Coinmarketcap again! 

Fixed your brokedness...  ;-)

Wow that was fast!
Really great news!

Time to put my miners into hashcows

Unlike a POS coin Premine has no inflation at all.. there are a fixed number of coins and they are all 'out there'. The dev gave every last one away for free originally then had to buy his own coins back from the exchange Poloniex. At that time that actually cost him quite a bit. Since then the price has dropped quite a bit. So for him, not so good  

However since there are only 499000 total coins in existence, people got what the PMC they wanted and volume of trade dropped quite a bit. A sort of equilibrium was set and the price was fairly steady @ 0.00009 or so....

The multipool @ hashcows allows you to mine a switchpool for various altcoins and get paid out in PMC. ( or BTC or a few others actually )
This puts continual buying pressure on PMC and is causing the price to go back up....

My suggestion is twofold:

1) Go BUY some PMC @ Poloniex
2) Mine @ Hashcows with PMC payout for more PMC and to raise the price of your existing PMC....

You could double your money in a month maybe... imagine:

You buy 0.5 BTC of PMC right now @ 0.0002 BTC each.... You mine for a month with a PMC payout.... Price rises to 0.0004 BTC each..

You just more than doubled your money.....


Personally I think it could go higher than that.... but there will be a new equilibrium found.... as the coins shift around again to peoples new comfort zones.... some will sell, some will not.... but that new equilibrium will be much higher....

It is going to be a fun ride  

Thanks. Then I hope that the price will rise again.

 Exchanges are began to to unfreeze...

PMC is technically a PoW coin, it is a clone of Bitcoin.

The difference is that it was all _premined_ (100%) and distributed like a PoS coin.

You can mine PMC directly and receive TX fees.

You can mine at the Hashcows multipool and receive payment in PMC (rather than BTC)

Could You explain that?

No, still POW. The news is, that it is now indirectly "mineable" via hashcows.

this coin POS now ?

Maybe on holiday? Over here at least it is a common time to go on holiday just before/around easter.

what happened to creditcoin_CRD he just vanished?

Good job with the multipool!

That was quick.
We achieved the multipool in less than 24hrs!!!
That was some serious community support, well done people.

Also thank you for your hardwork, kbf.
I am sending you a small token of appreciation 
Tx.Id:9c0effcf6d0e58a96112e9479ee1958678e1c97bdb99b4b739e7c1cbec27a4c2

Sure, how much do you want.

I am PMC broke sadly, however there are many whom are pretty philanthropic. So you may very well get a donation. The price of PMC is on the way up so I hope your 150 do you well..