Topic: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept - page 61. (Read 382879 times)

Quote from: shanent on March 19, 2014, 09:29:32 AM

I really like the idea of a pool that will mine the most profitable altcoin and then sell it for PMC on the exchange automatically. This would be such a big deal for Premine, and I will personally spend my own PMC in paying for such a service.

This right here, this is a darn good idea!!! Who can do this?

I too will pay a PMC bounty for this!

Credit last week was doing a private pool to mine PMC but i don't know how the works are going.

Probably we could set a bounty and make an offer for someone that will realize this multipool.

Perhaps we should find out who's currently running these kind of pools, and if they would be willing to set one up for PMC. I would much rather they created the pool and handed control over to the dev, though. I'd pay more for this.

this one and the Blackcoin pool will be back soon after a test last week.

http://mintpool.us/mint/index.php

Nullu

hero member

Activity: 532

Merit: 500

Quote from: bungholio on March 19, 2014, 09:27:34 AM

Quote from: bungholio on March 19, 2014, 09:27:34 AM

I really like the idea of a pool that will mine the most profitable altcoin and then sell it for PMC on the exchange automatically. This would be such a big deal for Premine, and I will personally spend my own PMC in paying for such a service.

This right here, this is a darn good idea!!! Who can do this?

I too will pay a PMC bounty for this!

Credit last week was doing a private pool to mine PMC but i don't know how the works are going.

Probably we could set a bounty and make an offer for someone that will realize this multipool.

Perhaps we should find out who's currently running these kind of pools, and if they would be willing to set one up for PMC. I would much rather they created the pool and handed control over to the dev, though. I'd pay more for this.

shanent

member

Activity: 98

Merit: 10

I really like the idea of a pool that will mine the most profitable altcoin and then sell it for PMC on the exchange automatically. This would be such a big deal for Premine, and I will personally spend my own PMC in paying for such a service.

This right here, this is a darn good idea!!! Who can do this?

I too will pay a PMC bounty for this!

Credit last week was doing a private pool to mine PMC but i don't know how the works are going.

Probably we could set a bounty and make an offer for someone that will realize this multipool.

bungholio

full member

Activity: 130

Merit: 100

Quote from: blueangel01 on March 18, 2014, 11:27:36 PM

I really like the idea of a pool that will mine the most profitable altcoin and then sell it for PMC on the exchange automatically. This would be such a big deal for Premine, and I will personally spend my own PMC in paying for such a service.

This right here, this is a darn good idea!!! Who can do this?

I too will pay a PMC bounty for this!

Nullu

hero member

Activity: 532

Merit: 500

I think the block rewarder needs to reflect the cost of PMC on the exchanges.

Now, there's two ways of doing it;

1: Block Rewards go up as exchange prices go up

2: Block Rewards go go down as exchange prices go up

Option 2 might seem more intuitive, but if you think about it, it's not actually the best option. When prices go up more people will be mining PMC, and because the harder you mine PMC, the relatively less you receive, you actually want the rewards going up, so rewards remain stable as difficulty increases. I will look at a way of incorporating the current PMC price in the script, which would make the block rewards variable by price. This would be a stable approach.

This is also an incentive for prices to increase.

When you think about it, mining PMC is a bit like mining on a pool in some ways. The more hashpower you throw at it, the more proportional your share is of the txfees. It's mainly a disadvantage to smaller miners, who would benefit from mining on a pool.

I really like the idea of a pool that will mine the most profitable altcoin and then sell it for PMC on the exchange automatically. This would be such a big deal for Premine, and I will personally spend my own PMC in paying for such a service.

shanent

member

Activity: 98

Merit: 10

I think we can add negative trust ratings to the people who troll. Think about it, they spread wrong rumors, which will lead to fear and loss of the value of the coin. it is like indirect scam.

The problem isn't the people who troll but the hype around national crappy/scam coin.

Many are selling their altcoin to invest in AUR first, in SPA now and after in APH and PLN...

shanent

member

Activity: 98

Merit: 10

Quote from: wenwen on March 19, 2014, 02:47:27 AM

bad idea, it is useless to add the supply,it is a winter of all of the coins,not just preminecoin.if add the supply to 1000000,the price will be cutted half down.

wenwen

sr. member

Activity: 728

Merit: 251

Quote from: Nullu on March 18, 2014, 01:25:17 PM

Quote from: annpaol on March 18, 2014, 01:18:04 PM

Quote from: ctenc001 on March 18, 2014, 11:58:49 AM

Quote from: creditcoin_CRD on March 18, 2014, 05:28:43 PM

The dev is gone, this coin is dead.

The dev is not gone, he made if perfectly clear he would not be around for a few days over the weekend due to some personal matters.
Nice trolling though Roll Eyes

Watching this post and poloniex charts, i repeat, this coin is dead. To be honest the best thing right now to do is to collect half of premine from bagholders (250,000) and distribute them to a random population. This type of distribution seems to be the best right now. A new coin as I read could be interesting but on the other hand it would be like an admission that this coin is a scam.
I really appreciate the idea behind this coin to simulate bitcoin future but sould be better if at the start the coin had distributed among more people possible. Yup, you probably had more noobs and newbies around premine now but look at doge or max or aur, in cryptoworls we have need of these kind of people to create an hype and interest in a new coin.

All you do is come here and criticise. You never seem to have anything constructive to say.

PMC is not going to become a 50% premineed coin. Most, if not all of those are scams.

Honestly, if you dislike PMC that much, why are you even here? If you don't like it, there are plenty of other altcoins.

http://blockchain.premineco.in/stats/

Hashrate on average has actually increased over the last few days.

So much for dead coin. Roll Eyes

You don't read or I don't explain my opinion at the best. I repeat that this one could be a great coin but the initial distribution sucks. 500,000 coins could be better divided among more people possible. Or distribute half and other haf for specific tasks like promotion,giveaway,make wallet or other stuff like that.

My ideas by now are two:
1) make a pump
2) collect as many premine you can and give them to other people, but not with giveaway(would be all dumped) but giving these to the miners. So you have to do an official pool where the miners are rewarded with 1 or 0.5 per block

Well, you could redistribute the coins, sure. The dev would have to re-buy coins and then open up miner rewards. I'm not sure how many coins it's feasible to get this way, though.

There are coins set aside for development. I have about 2000 PMC left for those things. Premine already has an android wallet, and a paper wallet.

The other idea that's been floating around is to use PMC as a currency to buy into a new coin. PMC then gets forked at a certain point, to make PremiumCoin, which hsd a higher total number of coins so your share in PMC is a smaller stake in Premium coin. All you would have to do would be to copy over your PMC wallet to PremiumCoin. Any Premine bought or owned before the fork would work. So PMC could literally become a market-based IPO that would be fair.

It would also pump PMC's price a fair bit.

So to incorporate that into your idea, PremiumCoin would have 1,000,000 supply, 50% mineable, and the other 50% would be a buy-in using PMC.

bad idea, it is useless to add the supply,it is a winter of all of the coins,not just preminecoin.if add the supply to 1000000,the price will be cutted half down.

blueangel01

sr. member

Activity: 406

Merit: 250

Hello! Send me a message.

I think we can add negative trust ratings to the people who troll. Think about it, they spread wrong rumors, which will lead to fear and loss of the value of the coin. it is like indirect scam.

salsacz

hero member

Activity: 490

Merit: 504

Am I the only one who is lucky so he could double his PMC stake during last days?

squeeee Cheesy

a good day to get some premine for free before it gets back to 10x higher marketcap where it belongs

Philll90

full member

Activity: 238

Merit: 100

Quote from: kbroadfoot on March 18, 2014, 01:29:38 PM

Good god... RELAX.... it will be okay...
Poloniex is not the center of the world...
Keep grinding away....
PMC will survive...

^ Thank God for rational human beings.

+1

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: kbroadfoot on March 18, 2014, 01:29:38 PM

Good god... RELAX.... it will be okay...
Poloniex is not the center of the world...
Keep grinding away....
PMC will survive...

^ Thank God for rational human beings.

creditcoin_CRD

member

Activity: 112

Merit: 10

Quote from: TheMightyX on March 18, 2014, 02:13:33 AM

The dev is gone, this coin is dead.

Don't you have anything else to do? Srsly - clean your moms basement or something.

You don't like the distribution, we get it, we all get it. The fact is the distribution is over - done - cannot, and never will be reversed. One guy said it best earlier on this page:

It seems like we have a lot of non-issues here.
The coin has done exactly what it was supposed to. It is not supposed to distribute any more coins after its initial distribution. We don't want an infinitely distributing coin (i.e. bitcoin will distribute for 100 years+). At some point it has to stop distributing to people for free.
It has achieved value now and that is the reward for holding on to it.

When we received PMC from initial distribution it was worthless.

If you give people a worthless amount of PMC today (i.e. 7 PMC) they cry and whine like that spyro bitch. "Your initial stake is now worth X dollars! Give me X dollars worth of PMC!" I'm sorry but thats not how the world works. That would be unsustainable. You weren't there at the initial distribution which was free and open to everyone and that is something that you will have to deal with. You don't go up to bitcoin millionaires and say "you mined thousands of BTC with your laptop! Give me some of those bitcoins!!", or maybe spyro is the kind of person to do that?

No one else is complaining about PMC distribution. You are validating his irrational concerns.

So with that being said, it does seem that the PMC distribution was too sudden. I will agree with this point.

PMC could have dragged out the distribution process. Better yet would have been to innovate or add something that people would use the coin for. If no one is sending pmc then no one can mine PMC. I don't believe creating a PMC2 is a good idea because it implies there is a problem with the original, when in fact it is functioning exactly as it was designed to.

Should we remake bitcoin into bitcoin2 so as to redistribute the coins more evenly? of course not.
Making fees mandatory is a great start. Creating some gambling sites would help. The multipool is proactive.
We need more ideas like this.

(most) all alts are down, them's just the facts jack... Take the good with the bad, take the bad with the good. This is how life is.

Last piece of advice - Buy a helmet... You think you are special, but you are just retarded.

If I offended you, great that's my goal... Please go away. (to everybody else, it's been a long day, but I do feel somewhat better now...

Nullu

hero member

Activity: 532

Merit: 500

Quote from: counter on March 18, 2014, 04:40:32 PM

Seems like an excellent idea for a coin. I'm very interested in a coin of this nature. I think I was aware of this in it's early stages and I'm kicking myself for not giving it the proper attention it needed at that time. hopefully there is a long future ahead for this coin and I'm not that late to the party.

A few thoughtless dumpers have caused the price to reach some very low prices. A couple of thousand coins would be a considerable stake. If you're willing to buy in, then now is the perfect opportunity. The only reason I'm not doing so is that I already have a stake, and increasing it doesn't really benefit the coin.

An investment now would both secure you a very good stake, and also take less coins out of this current pump and dump circulation that's been occurring on poloniex. Someone in this thread even admitted to buying/selling to increase his stake. Poloniex's small volume isn't suited to rare coins at all.

On the plus side, it does mean people have a second chance to get in on PMC.

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Seems like an excellent idea for a coin. I'm very interested in a coin of this nature. I think I was aware of this in it's early stages and I'm kicking myself for not giving it the proper attention it needed at that time. hopefully there is a long future ahead for this coin and I'm not that late to the party.

shanent

member

Activity: 98

Merit: 10

Quote from: Nullu on March 18, 2014, 01:25:17 PM

Quote from: annpaol on March 18, 2014, 01:18:04 PM

Quote from: ctenc001 on March 18, 2014, 11:58:49 AM

Quote from: annpaol on March 18, 2014, 01:18:04 PM

The dev is gone, this coin is dead.

The dev is not gone, he made if perfectly clear he would not be around for a few days over the weekend due to some personal matters.
Nice trolling though Roll Eyes

Watching this post and poloniex charts, i repeat, this coin is dead. To be honest the best thing right now to do is to collect half of premine from bagholders (250,000) and distribute them to a random population. This type of distribution seems to be the best right now. A new coin as I read could be interesting but on the other hand it would be like an admission that this coin is a scam.
I really appreciate the idea behind this coin to simulate bitcoin future but sould be better if at the start the coin had distributed among more people possible. Yup, you probably had more noobs and newbies around premine now but look at doge or max or aur, in cryptoworls we have need of these kind of people to create an hype and interest in a new coin.

All you do is come here and criticise. You never seem to have anything constructive to say.

PMC is not going to become a 50% premineed coin. Most, if not all of those are scams.

Honestly, if you dislike PMC that much, why are you even here? If you don't like it, there are plenty of other altcoins.

http://blockchain.premineco.in/stats/

Hashrate on average has actually increased over the last few days.

So much for dead coin. Roll Eyes

You don't read or I don't explain my opinion at the best. I repeat that this one could be a great coin but the initial distribution sucks. 500,000 coins could be better divided among more people possible. Or distribute half and other haf for specific tasks like promotion,giveaway,make wallet or other stuff like that.

My ideas by now are two:
1) make a pump
2) collect as many premine you can and give them to other people, but not with giveaway(would be all dumped) but giving these to the miners. So you have to do an official pool where the miners are rewarded with 1 or 0.5 per block

Well, you could redistribute the coins, sure. The dev would have to re-buy coins and then open up miner rewards. I'm not sure how many coins it's feasible to get this way, though.

There are coins set aside for development. I have about 2000 PMC left for those things. Premine already has an android wallet, and a paper wallet.

The other idea that's been floating around is to use PMC as a currency to buy into a new coin. PMC then gets forked at a certain point, to make PremiumCoin, which hsd a higher total number of coins so your share in PMC is a smaller stake in Premium coin. All you would have to do would be to copy over your PMC wallet to PremiumCoin. Any Premine bought or owned before the fork would work. So PMC could literally become a market-based IPO that would be fair.

It would also pump PMC's price a fair bit.

So to incorporate that into your idea, PremiumCoin would have 1,000,000 supply, 50% mineable, and the other 50% would be a buy-in using PMC.

One problem of this new coin would be that people come here and continue to say scam only because we should use "old" PMC for the new one.

Maybe it's better to have PMC2 with a lot of coins, but for example with 21 million coins we would loose the first target of this coin...see how could be the future of bitcoin.

I like very much the idea of a new coin with a different algo every week, but don't know if this is achievable. Or better achievable in simple way.

Waiting for Credit and his suggestions and opinions on this and also on the multipool idea.

Ait

full member

Activity: 196

Merit: 100

I'm still voting on Mintpal......I've got Flappy coin in my sights Grin

https://www.mintpal.com/voting

kbroadfoot

legendary

Activity: 1302

Merit: 1000

Bass Player

Good god... RELAX.... it will be okay...
Poloniex is not the center of the world...
Keep grinding away....
PMC will survive...

Nullu

hero member

Activity: 532

Merit: 500

Quote from: ctenc001 on March 18, 2014, 11:58:49 AM

The dev is gone, this coin is dead.

The dev is not gone, he made if perfectly clear he would not be around for a few days over the weekend due to some personal matters.
Nice trolling though Roll Eyes

Watching this post and poloniex charts, i repeat, this coin is dead. To be honest the best thing right now to do is to collect half of premine from bagholders (250,000) and distribute them to a random population. This type of distribution seems to be the best right now. A new coin as I read could be interesting but on the other hand it would be like an admission that this coin is a scam.
I really appreciate the idea behind this coin to simulate bitcoin future but sould be better if at the start the coin had distributed among more people possible. Yup, you probably had more noobs and newbies around premine now but look at doge or max or aur, in cryptoworls we have need of these kind of people to create an hype and interest in a new coin.

All you do is come here and criticise. You never seem to have anything constructive to say.

PMC is not going to become a 50% premineed coin. Most, if not all of those are scams.

Honestly, if you dislike PMC that much, why are you even here? If you don't like it, there are plenty of other altcoins.

http://blockchain.premineco.in/stats/

Hashrate on average has actually increased over the last few days.

So much for dead coin. Roll Eyes

You don't read or I don't explain my opinion at the best. I repeat that this one could be a great coin but the initial distribution sucks. 500,000 coins could be better divided among more people possible. Or distribute half and other haf for specific tasks like promotion,giveaway,make wallet or other stuff like that.

My ideas by now are two:
1) make a pump
2) collect as many premine you can and give them to other people, but not with giveaway(would be all dumped) but giving these to the miners. So you have to do an official pool where the miners are rewarded with 1 or 0.5 per block

Well, you could redistribute the coins, sure. The dev would have to re-buy coins and then open up miner rewards. I'm not sure how many coins it's feasible to get this way, though.

There are coins set aside for development. I have about 2000 PMC left for those things. Premine already has an android wallet, and a paper wallet.

The other idea that's been floating around is to use PMC as a currency to buy into a new coin. PMC then gets forked at a certain point, to make PremiumCoin, which hsd a higher total number of coins so your share in PMC is a smaller stake in Premium coin. All you would have to do would be to copy over your PMC wallet to PremiumCoin. Any Premine bought or owned before the fork would work. So PMC could literally become a market-based IPO that would be fair.

It would also pump PMC's price a fair bit.

So to incorporate that into your idea, PremiumCoin would have 1,000,000 supply, 50% mineable, and the other 50% would be a buy-in using PMC.

annpaol

member

Activity: 84

Merit: 10

Quote from: ctenc001 on March 18, 2014, 11:58:49 AM