Topic: [ANN][CACH] CACHeCoin released based on scrypt-jane - page 88. (Read 224425 times)

It takes the time wether or not you mine into your own wallet. With P2P they are already in your wallet (and your are responsible for taking care of the safety of your coins). When mining on a traditional pool, the coins have to stay in the wallet of the pool for 520 confirmas (~7 days) - so in 7 days a lot can happen ;-)

And the 520 confirms are, that people can not mine and just dumpe the coin - this is not interesting for any multipools, since in 7 days the value can fluctuate a lot. If you want to have instant CACHe - you got to buy them - but with mining you go to wait for them.

This also helps to keep the market more steady, since its hard for farms to mine and isntantly dump a lot - it takes them some time to acquiere enough coins

Which exchanges have been approached?

./yacminer -o http://109.230.230.110:8336 -u YourCACHePayoutAddress -p xxx

cgminer.exe --scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388949883 -o http://109.230.230.110:8336 -u YourCACHePayoutAddress -p xxx

It takes some days to mature CACH when mining from a p2pool into a wallet.

Does it also take that much time to get CACH ready for trading at poloniex? (when i transfer CACH from wallet to the exchange)

I replied because i knew the answer and because we discussed it in the irc. Your final reward per day does not depend on how many blocks the pool finds per day. Whether you mine on a pool that gets one block a day or 100, your reward per day would be the same

If he's not the owner why did he reply?

And I just said that 3% was to much when he could close registrations earlier or even keep registrations closed...

I would move to another pool if payments were good there...but we don't have any pool finding blocks like this one!

1) Managing the pool is work and Singula has been doing great to support the Cachecoin community

2) He opened up a second pool, since despite the fact that he provided information what is needed for a pool and offering his help, noone started a second pool. I wanted to, but after having it setup and running for a couple of hours it already got attacked and I do not want to sit in front of the pc 24/7 to watch the log for a php-mpos pool to see if anything is compromised. Keep in mind that this coin needs 520 confirmations until it matures and can be payed out. That is when we reach normal target time 7 days - so for 7 days I am like a bank and need to ensure that nothing is compromised to be able to pay out the miner....So no thank you - thats why I provied a p2pnode which pays out instantly and there are no coins in my wallet on the server.

3) Singula is still offering anyone help to open up another pool - so if you dont want to mine on the first one - open your own one

4) the second pool only has 1.5% fee at the moment, and all fees will be at even again, once the hashrate is distributed

5) On Sunday evening he already closed reigstrations and asked people to more arround - noone cared

6) Yesterday when the registrations closed and people were asked to move arround, noone cared - instead hashrate increased on the pool as more workers where pointed at one pool

7) In this thread we have been overly announcing to distribute the hashrate - but barely anyone did

So if the people mining do not care about distributing the hashrate to secure a network - the developer(s) and all pool owner(s) are bound to take action to distribute the hashrate and stabilize the network. (Look around about the fears of 51% attacks on bitcoin, think about if one pool has 70% hashrate what it means if that pool fails etc....)

Last but not least - talking about why the hashrate is not lowered yet: Some people are not in front of their pc 24/7 to check this stuff, some people live in a different timezone than yours and might be actually sleeping while the hashrate drops..


So raising the fee was one of the last options to move people around! Or do you see any other path? Please enlighten us

E: forgot the last point
PS: sometimes I really feel that ignorance is bliss - but when people are that ignorant ...