so this is still going ahead? no problems with any pools, etc?
Topic: [ANN][ELITE] EliteCoin - Only 20k ELC! - NO PREMINE! X11 POW+POS - *BITTREX!* - page 50. (Read 80331 times)
July 21, 2014, 06:00:07 PM
July 21, 2014, 05:57:42 PM
10 minute left to mine! I'm ready with my miner 
Countdown says 1 day and 10 minutes.
You're confused
Need hashrate limit.
Is that possible? I've never seen a coin with hashrate limit!
About what cecilbdemented said: in my case it's better if the blocks starts with a reward. I have a 560gtx video card, and the only way I could solo mine some blocks, is if I'm fast enough to download the wallet and start mining. If there's no reward at first, it would be impossible for me because of the high diff. And I'm sure some other members are in the same position. Still, big miners will always instamine every coin... So I think both ways have their pros and cons.
50MH/s per worker.
minerals was also closed source and the devs controlled the only pool
July 21, 2014, 05:57:12 PM
Your coin has been added to the Altcoin launch calendar.
http://altcoinherald.com/xwxg
We'll keep an eye out for developments with your coin!
http://altcoinherald.com/xwxg
We'll keep an eye out for developments with your coin!
July 21, 2014, 04:55:24 PM
Need hashrate limit.
Is that possible? I've never seen a coin with hashrate limit!
July 21, 2014, 04:49:41 PM
10 minute left to mine! I'm ready with my miner
Countdown says 1 day and 10 minutes.
You're confused
Need hashrate limit.
Is that possible? I've never seen a coin with hashrate limit!
About what cecilbdemented said: in my case it's better if the blocks starts with a reward. I have a 560gtx video card, and the only way I could solo mine some blocks, is if I'm fast enough to download the wallet and start mining. If there's no reward at first, it would be impossible for me because of the high diff. And I'm sure some other members are in the same position. Still, big miners will always instamine every coin... So I think both ways have their pros and cons.
50MH/s per worker.
July 21, 2014, 04:48:26 PM
10 minute left to mine! I'm ready with my miner
July 21, 2014, 04:31:59 PM
I like the logo
one of the coins to be successful this
are there any free distribution?
may quickly reach a large exchange, I wait for it
one of the coins to be successful this
are there any free distribution?
may quickly reach a large exchange, I wait for it
July 21, 2014, 04:15:29 PM
http://elc.minerpools.com/
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Stratum for EliteCoin stratum+tcp://181.58.125.139:4106 -u Weblogin.WorkerName -p WorkerPassword
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- Dedicated server 512 SSD, 32GB RAM, 8 Core Processor
- 24/7 support at #minerpools freenode channel https://kiwiirc.com/client/irc.freenode.net/minerpools
- Block finder bonus -
- 1% Fees
- PPLNS
- No hassle, just login and mine
Stratum for EliteCoin stratum+tcp://181.58.125.139:4106 -u Weblogin.WorkerName -p WorkerPassword
July 21, 2014, 03:53:16 PM
Need hashrate limit.
I don't see the way to limit hash rate. And if you somehow do that miners can register few accounts and split miners. Also they may have more wallet addresses so you can't know that same person is behinde. Coin seem interesting to me and i'll try to mine it from start. Also I like logo very much July 21, 2014, 02:16:48 PM
Need hashrate limit.
Is that possible? I've never seen a coin with hashrate limit!
About what cecilbdemented said: in my case it's better if the blocks starts with a reward. I have a 560gtx video card, and the only way I could solo mine some blocks, is if I'm fast enough to download the wallet and start mining. If there's no reward at first, it would be impossible for me because of the high diff. And I'm sure some other members are in the same position. Still, big miners will always instamine every coin... So I think both ways have their pros and cons.
July 21, 2014, 11:31:34 AM
Need hashrate limit.
July 21, 2014, 11:00:39 AM
Also, people will ALWAYS accuse the dev of being the one doing all the instamining, even if that's not the case.
July 21, 2014, 10:59:33 AM
Looks like a pretty decent coin.
No halving? 30 days of mining at the same block reward... I'm interested to see how this works out.
No halving? 30 days of mining at the same block reward... I'm interested to see how this works out.
Thanks! No, there's no halving. A lot of coins starts with big blocks, and when they hit bittrex, everyone sells evetything, and the price goes down, or the coin dies. And people who keep mining until the end of the chain, end up losing money instead of being rewarded.
So, we thought 1 ELC per block would be a lot better (long-term).
@schiavonxv since there's no premine we can't reward for translations. However if you still do it for free, we will really appreciate it!
@Redtschorn thanks!
@cecilbdemented we thought of that. We don't really know what's best in this case.
If we set let's say first 100 blocks = 0 ELC, people will complain, because the diff will go up and miners who don't have a lot of power will lose an opportunity to mine some ELC at low diff.
If we leave the reward 1 ELC per block from block 1, people will also complain. So, it's kind of a hard decision.
I agree, people will always complain no matter what. IMO a short opening period of 0 or extremely low rewards is the best way to go. Raising the difficulty before hitting the reward blocks evens the playing field and makes it fair for everybody. Otherwise only the instaminers reap the early rewards and raise the difficulty before all the pools finish setting up anyway. So I'm a big proponent of a short, one hour zero reward phase. If you want to reward early miners, how about a 12-24 hour period of 1.5-2 coin blocks, then reduce to 1?
July 21, 2014, 10:54:38 AM
Thanks cryptoday! Pool added to the OP!
July 21, 2014, 08:05:28 AM
Click here and join us!
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July 21, 2014, 01:59:02 AM
@youghoor
We don't really think anyone will be able to get a lot of ELC and dump them right away.
Since there's no high reward for first blocks like most coins, we believe EliteCoin will survive the dumping.
@Vagnavs
The designer of the team is working on the website, and we're hoping to get it online by the end of the week!
We'll post a little bio in the first page tomorrow. After launch, we will see how everything's going, and make future plans (besides anon transactions). This will be posted in the first page and in our website.
We don't really think anyone will be able to get a lot of ELC and dump them right away.
Since there's no high reward for first blocks like most coins, we believe EliteCoin will survive the dumping.
@Vagnavs
The designer of the team is working on the website, and we're hoping to get it online by the end of the week!
We'll post a little bio in the first page tomorrow. After launch, we will see how everything's going, and make future plans (besides anon transactions). This will be posted in the first page and in our website.
July 21, 2014, 01:50:09 AM
will the website be up by the 22nd? Do you have a roadmap going forward? How about a bio of the team members?
July 21, 2014, 01:47:43 AM
Elite coin but x11 algo is suitable for those who have the big farms and they you mine lot of coin and then dump it to make the coin crash.
July 21, 2014, 01:46:16 AM
I like coins with X11 and Pow/Pos. And elite is good name, class.
Too many big mining farms on x11 and you can rent tons of x11 hash cheap. X14 would offer a better chance at a fair distribution. But can't complain with this fair of a launch, not used to seeing ANN threads unless it's a ninja instamine launch so I'll be mining Elite
July 21, 2014, 12:21:44 AM
I like coins with X11 and Pow/Pos. And elite is good name, class.
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