Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 206. (Read 506425 times)

well... why wouldn't he just wait till "midnight 25th of March 2014" and dump it right at the time when everyone would pump because of "successful" arrival at "airdrop" point? Nobody will be worried of coins moved out even if everyone will monitor these addresses by script or by themselves. isn't it just perfect plan?

So far the dev has been consistent in his message...

I do hope he doesn't mess up the airdrop. The publicity alone would be amazing for all cryptos.

Let's give dev some room to offer a decent amount to every Icelandic person.

I'm all for this if it's legit. But there are mutiple scary elements.

Someone should setup a script and post it that monitors the pre-mine addresses :
http://www.auroracoin.org/
They are found on the Airdrop "blueprint" page.

Then if the pre-mine is moved everyone can know.
If that can be done I would feel safer. Everyone here has been burned by pre-mined coins.
Some of us badly.

First of all, what is P2Pool?
P2Pool is one huge, peer-to-peer pool based on the original coin protocol.
 
How does it work?
Miners connect to "Nodes" and all of the P2Pool "Nodes" connect to each other, forming one big pool.  

What are the advantages?  

• Your mined coins will be deposited directly into your wallet, they are never held by any pool "operator" and cannot be lost due to incompetence or fraudulent behavior.
• Node hash size doesn't matter. Even if you mine on a small node, blocks are found with the entire P2Pool network! You'll get the same payouts no matter how large or small the hash rates on your pool.
• You will get better rewards: P2Pools award transaction fees from black rewards to the miners.
• P2Pool is DDoS resistant, it is impossible to DDoS the entire peer-to-peer P2Pool network, at best all someone can do is knock a node offline, in which case your client will just switch to one of your failover nodes.
• You do not have to register on any pool sites, etc. all you need is a Vertcoin address which you will use as your username, and your rewards will be paid directly into your wallet.
• Most P2Pool nodes have <1% fees, and if you want 0% fees, you can even set up your own node on your local network.
• Even if the node you are using goes down, you will not lose a single micro payment, as the network itself stores your pending rewards, and will distribute them to you as normal.

Are there any disadvantages?  

• It's not really a disadvantage, but it takes longer for you to receive useable coins as they have to mature in the blockchain before they can be awarded to you. Don't panic if you don't receive your rewards quickly, they will arrive!  
• You need at least 200kH/s to mine effectively on P2Pool.

Here's a few bits of info you should know about P2Pool before you start looking for nodes:

• It is normal to receive high rejection rates on P2Pool, P2Pool generates work a lot faster than regular pools and as a result you are going to end up with stale shares. All you need to do is ensure your current Reject % is equal to or lower than the P2Pool network average. (currently 24% rejects is the average). Having a reject rate lower than the average will allow you to profit off of other people's rejected shares. (Even more rewards, yay!)
• Your latency to your node matters a lot. High latency means you will have a higher reject rate. When you're looking for nodes you want to ensure that your ping is low.
• If you connect to a node with no miners currently using it (or a very small number) you will receive massive numbers of HW errors. Don't panic! This is because when a node first starts up, it sets the share difficulty to 0, after 1-2 minutes it will auto-adjust and you will stop receiving HW errors.

Credit to /u/AwesomezGuy for that post. It is super informative!
 
Shameless Plug
My dedicated US P2Pool node: http://aur.crewdoginvesting.com:12347/static/  

To mine just use cgminer --scrypt -o stratum+tcp://aur.crewdoginvesting.com:12347 -u YourWalletAddress -p x


Features:

• Low 1% fee
• Super fast servers
• Beautiful customized front end
• Low ping

well not all of em are spamming like mad

Hit ignore on all some pool operators. Life became calmer for me.

Ftfm

No guarantees in life. That's why we take calculated risks.

Fair enough, thanks to all who joined up and tried to get us going.

I guess you will have to read it until you donate )))

Are you kidding me? Please stop SPAMMING this thread - it doesn't work. How many more the same posts from you I have to read?

Brand new pool, need miners!  

aur.charityminingpools.com

Signup and start mining AURORA today at CharityMiningPools and receive 0% pool fees for the life of your AURORA account.

*     PM me here at BitcoinTalk to inform me that you have signed up for the promotion with your username
**   Must mine on the site for a minimum 3 hours to qualify
*** Promotion active until we reach 150+ mh/s (Anyone signed up before that point will get 0% pool fees after mining for 3+ hours)
**** Does not apply to the Mandatory 0.5% Donation fee to Charity.

Be a pioneer and help us get started, come mine while making a difference.  

Mandatory 0.5% donation fee goes to the BitGive Foundation this month.  We welcome and encourage you to donate more to a good cause.

STRATUM, VARDIFF, Datacenter Redundant Server Farm, Load Balanced Servers, Frequent Backups
0.5% Mandatory Donation fee to a Good Cause

Who Are We?
CharityMiningPools was created to allow miners the ability to mine coins while still knowing that their hashing power is going towards something good.  Our goal is to provide a positive and reliable service while delivering a small portion of the proceeds to a deserving recipient.  Plans are in the works to allow individual miners to choose where they would like to donate to based on a pool of available recipients.

How Does This Work?
All coins minded at CharityMiningPools will require a mandatory 0.5% Donation fee.  This donation fee will be collected and donated to the designated charitable recipient for that given month.  Though we only require a minimum 0.5% Donation fee, we welcome and encourage our miners to raise the stakes and donate more to a good cause.

Cheers!
CharityMiningPools

well, multipools are about profit. would they like to kill the coin that brings profit? hmm... no I guess. so they wouldn't throw all the hashrate at one coin all the time. at least clever one wouldn't I hope

For en entire country,yeah.

Go read page 1

thanks

50% premined LOL LOLOLOLOLOOLOLOLOLOLOLOLOOLOLOLOLO

Yeah.. multipools probably.

But net hashrate is already down to ~ 6 GH/s.

this coin need to be multipool proof

I have an idea... look at DOGE as the most common example... who are pushing it down once it's profitable?... multi...

Seriously : Where is the 70% of the NETWORK HASHRATE ?
These pools are listed here give only 30% of the network.

Is there any other pool (or pools) with high hashrate ?
Maybe solo miners or Iclandic secret pool is mining with rest ?

has any of the claims behind this coin been investigated?  it really sounds like a fantasy story cooked up make a premine acceptable long enough for the holders to dump.   

National Security Agency Mining rig :-)