Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 156. (Read 506425 times)

He also corrected it and stated not to trust them after a day or so!

this pool was first promoted by dev in this post https://bitcointalksearch.org/topic/m.4920391
the greatest scam of all cryptocurrency history starts here

It would be beautiful if you dumped on some of those greedy whales's faces and leave them holding the bag.

Multipools my friend!!!

I know the difficulty is high and block times are (supposed to be) 10 mins but it seems no pool is getting close to the finding rate it should...is it all large solominers or what?

PS..I also agree that how do so many that cried bloody murder when other coins came out at 2%-10% premined but get behind something that is 50%!? Wtf is up with that?

The honest answer? Yes, I tested some exchanges. But I still hold 2000+

Does anyone have any insights on where did the 60GHS hashrate of the AUR network came from?

The LTC hashrate has increased by 15% in the last few days, while DOGE hashrate is more or less the same. Where did the sudden 60 GHS popped up from? Where were these miners before? One would expect many miners would move from LTC and DOGE to AUR, which would consequentially decrease their network hashrates. But it doesn't seem like it. Remember when DOGE was on the upswing a month or so ago - the LTC hashrate dropped about 30-40% when miners migrated to doge.. Any ideas why this is so?

Don't use this pool, it's a scam

http://aur.pool-a.net  -

They removed the manual cash out feature.  before they removed it the minimum was 0.1 AUR

I reported this to them saying it was excessive, the response was to remove manual cash outs

Total and utter scam ....  if the owners of that pool want to come on and discredit that then please feel free.  

Put the manual cash out back and make it a sensible fee such as 0.005 like Cryptsy withdrawl fee  ...  sheer greed!

People like this discredit the whole community.......  idiots!!

Finally a decent and sensible comment from a respected member, TNX!

How much is the rent for your underline anyway  

prices falling cus everyone has moved on to mazacoin for the moment haha

there is a 100% premine coin people like.

yes there are fears but if you read.. you will know why people cheer this coin.

if you read.

you will know why cryptsy added a 50% premine coin when it is hard as fuck to get a premine coin on cryptsy before the premine is dumped.

you can play stupid and not see why people are cheering.

it isnt like they dont understand the risks.

it isnt like we all dont fear the dev succumbing to temptation and dumping.

it ie because people know why it was premined and believe in the premise.. and really need it to work for all of alt coins sake.

other premines dont have an effect across the alt coin markets.

this one does


it is different.


that doesnt mean we dont know the risks

but you cant pretend that this is the same as 2% premined coins

because it isnt. (almost ZERO premines, promise to do anything but make themselves money.. er dev costs)

you can say promises mean shit.. and that is fine, but you cant pretend that this isnt different, because it is.

I saw Aurora coin on mainstream media   I will mine some, this is going to be huge  

Did you sell some of those 2000 AUR you claim to have?
At current prices is a lot of money.

short answer it isnt.. it is being pumped. It will drop and a lot as they move on.


longer answer.

This little experiment could be a major watershed event for the entire alt community. which is why the entire community is getting behind this coin.

Iceland is fucked right now with banking and inflation. People arent happy.

One of the inherent promises of crypto is that we are slightly protected from teh shanagins of those in power.

Crypto has a couple big problems right now.. it is complex and normal people dont understand and it scares them.

MTGOX didnt help things much. with the general public.

something like this coin being successful would be like a tidal wave across the markets.

Right now with Ukraine and russia you see the Ukrainian people dumping their rubles and picking up american dollars at a premium. They are pretty much losing money now, out of fear of losing more money later. A minority of smart ukrainians said fuck us dollars and changed to btc instead. They did not lose as much as those who converted to dollars.. plus they can move their money around to where they feel safe.. with dollars it can be a bit trickier and longer to do.

if aurora turns successful, instead of seeing people dump into dollars and gold when problems happen, they will dump into crypto.

plus if it becomes more than that, but as an alternative and FUNCTIONING market currency, that will just steam roll this entire crypto thing across the planet.

so basically it is very popular and everyone is behind it, because this is a tiny experiment, set to prove the CLAIMS of why crypto is so awesome.

It very well could bite the entire alt coin community in the ass if he runs with the money.

but everyone and their mother wants this to actually work.

well except the icelandic government which is shaking in their boots right now.

Just an other thought, maybe the dev is government? I agree it doesn't make sense when you haven't done some research, but really, take a look at Iceland and the way it has been forming it's future!

Even if this is not the case, there are many ways to get this right, we are already working on it: http://forum.auroracoin.org/viewforum.php?f=9

I doubt auroracoin devs would wait that long. They will be dumping their premined coins untill it's worth 1 satoshi. Then the airdrop will commence. Or not. Who whould care

I can't believe it People whine (call it scam, shitcoin, etc.) if the coin has 2% premine, but theres FIFTY PERCENT PREMINE and everybody cheers

Market cap is fake because it does not yet represent Supply vs Demand as the Supply is not 10.6 million coins atm it is only like 100,000 coins, wait for one week after air drop to see what the true price is when the trade-able supply increases about 60 fold.

I agree with you on your concerns about the effect on the entire crypto ecosystem. That is why I try to invite you (and all others) to participate in the successful outcome of this initiative! The only uncertain aspect in all of this is the release of the 10.500.000 premined coins. But lets face it, They are all worthless the minut the first coin leaves its wallet without a plausible event.

There are many ways the airdrop can be a success, most of it is already in place with current ID system in Iceland. But yes, there are also many flaws that can't be overseen just yet by the Dev. That is exactly why we need members to contribute to take away as many flaws as possible! Have you got any idea how many billions my government has lost over the past couple of years, just trying to arrange a new passport or wealth care system? (I'm Dutch by the way ;-) )

Please keep asking questions and try to work out the answers together! Rather then bashing others who are really trying!

Sure it could be a scam.

but do you think people dont know that?

I just find it hilarious people seem to be saying "if you go out in the rain you will get wet"

and act like they just discovered the theory of relativity.

Do you think the major players in this and the exchanges, didnt think of the premine or the fact that we are playing with an artificial scarcity? and you do know professional traders, will position themselves for events before the event happens?

right now there is some stupidity.. depending on your goals, with buying the coin, mainly due to the artificial pumping going on.. .but flipping out over the premine and how many coins will enter the market at the end of march is pretty stupid, because everyone who knows what the fuck they are doing, has already considered that fact. without the pump, the "bet" on the coin would already contain the info on the fact that the scarcity is fake and that on a SPECIFIC DATE, the rest of the coins will dump on the market.

its not hidden news. It isnt some strange math theory you have to work out and prove. Its pretty fucking simple. You go out in the rain you get wet. There isnt a real trader here that doesnt understand the premine or the risks that come with it.