Topic: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY - page 290. (Read 1076409 times)

The thing is, you probably don't even want a coder that won't work for the currency it codes for. For the same reasonnCEOs are paid in shares and not salary.

EMC2 will need at least 10 BTC for start. Believe me, it is very hard (nearly impossible) to find coders which will support it for free (or for EMC2 coins).

Afeizhai, thanks for your message and concern.   

EMC2 is operating with new management, we are reviewing everything and budgeting accordingly.  Any major upgrades that have not been implemented are either paused (ie: POS conversion), or under review for functionality (ie: new wallet).

There are three ways POS will be implemented:
1) it is included into the budget,
2) a benefactor (such as yourself) provides the funding to pay for the project,
or
3) a developer performs the job free. 

Our new budget has not yet begun to form,  when that takes place we will take a responsible look at when we can implement the POS conversion.

Given our week long tenure, our current priorities, and the absence of a budget, the POS conversion will not occur anytime soon.

If a developer is willing to do the job free, they could start immediately.
If a benefactor is willing to fund the project we will create a job listing to find a contractor for the job, once we have a suitable candidate s/he will start immediately after contract.

All 3 reports to the community by the new board on this forum have been posted on https://cryptocointalk.com/topic/15298-1st-report-to-the-emc2-community-under-new-leadership/

This is an example of a task that could have been easily performed by a volunteer, with the possibility of a small monetary reward in return. Perhaps those of you that have an interest in EMC2 could consider this example to help you formulate other ways in which EMC2 can be advertised to the public. The more the community becomes involved, the more other members of the community will become interested. The more this will benefit the progress of EMC2 development.

For those interested in spreading the hash, i'm testing : http://www.coinium.org/pool/EMC2 right now. Anyone interested is welcome to give me a hand in testing their coin. An other pool might join the einsteinium community tomorrow, so we'll have more option.

If you can not change the POS as soon as possible, so now the price is likely to be downward.

In the last vote, we decided EMC2 will be changed to POS, I want to know now what is progress?

Totally agree on that, Anyone interested in setting up something for emc2 is welcomed. We will put this coin back on its feet but we need to do this as a community  

For those interested: http://www.coinium.org/pool/EMC2 is online.

It appears we only have ONE mining pool operating for EMC2 so at least 1 more would be nice, if only to split the hash power.

I also notice reading through the thread here https://bitcointalk.org/index.php?topic=494708.1660 that some concern has been expressed with payouts from the only existing pool we have @ https://emc2.suprnova.cc

New pools are most welcome.

Edit:

I have since found this pool https://emc.maxminers.net - however no-one is currently mining on it & the last block found was 200+ hours ago, so Im not sure how functional it is currently.

This P2P pool is also functioning well http://p2pools.org/emc2

Report To The EMC2 Community


Celebration
We reached our first goal: 50 sat across the board (Cryptsy, Mintpal, and Poloniex).   This is important for a number of reasons, it indicates a 100% increase from the point of "EMC2's rebirth" (quote from Lovethecoins), more importantly we see it as a testament of confidence the community has in this administration -- thanks.



Investment
Well it seems yesterday's 'EMC2 market rest' facilitated today's massive surge.  

Mintpal was the first to break 40 sat, but it was Poloniex that outperformed with trades that broke 100 sat.   It all started with a single move: EMC2 was at 31 one second, then at 101 the next -- pure insanity.  It wasn't a fluke, oops, isolated trade, there were many 3 digit trades.   As if to make sure this was reality, I gathered up some of my recently purchased 35 sat coin and listed it for sale at 104 sat, to my surprise it was gone 'in abouta hour' -- at that very same time EMC2 sold at Cryptsy for 33 sat.  

Question: if EMC2 SOLD for: 55 sat at Mintpal,  102 sat at Poloniex, and 42 sat at Cryptsy all in the very same hour, how much was EMC2 truly worth at that time?

The overall average for the day was a whopping 70 sat, with a volume of just over 5 BTC.  

But WAIT, all of that was by 5pm EST, since then Cryptsy went bonkers reaching a high of 149.



Valuation
We believe a well informed investor is the best hope for our EMC2 community, we also believe that pump and dump schemes are plaguing the CC industry destroying many good coins and financially damaging many CC investors.   In that light we are taking a proactive stance to provide information we believe will provide a safer investment climate for the community.  

Periodically, we will provide a brief assessment of what we individually feel EMC2 is worth at the time of the report.    Our opinion could be based on many things or nothing at all (gut) but we offer it with true sincerity and care.  

The question is: "What is EMC2 worth today?":

Oldminer said: "I think EMC2 is currently way under-valued & oversold, so I'll go with a current value figure of 250 satoshis ... @ 35 satoshis (or even 90 satoshis) it is well under-valued & oversold, in my opinion. The current bottom line price for EMC2 should be 250sat, when compared to other alts in the market. Take for example, Casinocoin @ 258sat, Emeraldcoin @ 965(!), Argentum @ 610, & even Luckycoin @ 305sat. Even if we set a base valuation of 250sat for EMC2, its still worth less (in some cases 50%-75% less) than all the junkcoins I referenced above."


Djnocide said:  "I think emc2 should be between 45 and 55 satochi. Why? we brought back stability to the community, things are starting to move forward but it can't be valued much more by the simple fact that nothing really big happened to the coin, yes we brought stability but we don't have a new wallet, algo, we have no articles, no promo, no candidates for the vote.  So until one of those is done, the price shouldn't be much higher than that."


Armis said:   "I'm comfortable with a 35 sat figure because it enabled us to move from our mournful state to a state of rehabilitation with some regard for our immediate past experience.    I too feel EMC2 is undervalued, because of its potential, and especially when compared to other coins, but I also feel it isn't "ready" for 50 sat today because anything higher casts the cautious skepticism away that I believe is necessary at this stage of our redevelopment.   35 sat to 149 sat in the span of 24 hours, in light of all we went thought for the past 6 months should give us pause."  




Projects & Bounties
It's said 'money isn't everything' and also said 'money makes the world go around' -- well we have some EMC2 money to spread around the world.  Please tell us where you want to see YOUR tax money go.  

If you have a contest idea that's fair let us know, if you know of a science channel on youtube that wants EMC2 sponsorship let us know, if you know of a science teacher, professor, or professional that wants to partner with us to do something special in the field of science let us know.



Volunteers Needed
We need writers, social media experts, researchers, outreach pros, and video producers.   If you decide to do unsolicited projects of any kind please post what you have done together with your EMC2 wallet address, we will be randomly selecting individuals for small remunerations.

And again, if any of you do volunteer your services in some way to promote EMC2 (and we dont just mean adding a 'like' on Facebook), let us know here what you have done, and post your EMC2 wallet address. You may just be randomly rewarded for your efforts from our trust fund 

In an effort to maximize our limited resources and to provide the most bang for our efforts, Bitcointalk is EMC2's official news and info medium.  

Although we appreciate what Reddit, Twitter, IRC, Facebook, and all other ancillary outreach mediums can do, we're equally cognizant of our energy limits.  

The solution is volunteers, the more volunteers we have the further we can extend the EMC2 message, the faster we can accomplish EMC2 goals, and the stronger EMC2 will be.

We need volunteers, please volunteer to 'man' the IRC channel, or volunteer 4 hours a week.  We need help, please tell us how you want to volunteer your time.



  

Considering most people are on this coin from 100-200sat I think we still have miles 2 go... it's good seeing devs and community working together and hey look the coin doubled ..  here we come

Are we still using #emc2 for the "official" IRC channel, or is there another that should be used?

Come on. I still hold more than 250k EMC2 (mining) 

Coin listed on https://www.altcoincalendar.info

https://www.altcoincalendar.info/coins/165-EMC2

https://bter.com/voting

EMC2 in #96

Please address these two votes added to the main thread, so that more supporters see EMC2

Report To The EMC2 Community


Priorities
Our new leadership team will focus our efforts on three priorities:

1)  Market value of EMC2,
2)  EMC2 projects,
and
3)  EMC2 brand awareness,

it is on the performance record of those three priorities that we will know if we are performing well.

Although the milestones are yet to be etched, given the circumstances of our redevelopment I think there will be cause for celebration when EMC2 market value across the board reaches 50 sat, 100 sat, 200 sat, 500 sat, and 1000 sat; likewise I believe special celebration should be had when we issue our first grant, paid out 100K EMC2 in awards, and 1M EMC2 in awards; lastly, when we see EMC2 signage at a science fair, or sponsor a science channel on youtube, hear our CC mentioned on 'Science Friday', or is a recognized form of payment at Science Olympiads we will celebrate and know we are performing well.


Investment
For the first time, the EMC2 markets took a rest from its rather fast and steep upward climb it settled in between 34 an 35 sat.  

Cryptsy had the lowest overall prices throughout the day, almost 10 - 15% lower than the prices at Mintpal; however most of the trades were very small (hundreds to thousands), where as Mintpal had higher prices that went along with higher numbers (ten-thousands to hundred thousands).   Poloniex was uniquely interesting they had the highest high price (42 sat), and the lowest low price (31 sat @ almost 100K EMC2 -- right place right time), most of the meaty trades were at about 35 sat.   The overall EMC2 market avg was 34 sat, Cryptsy and Poloniex had the low numbers, Mintpal had the higher numbers; so as it stands right now if you want to buy cheap and save on fees go to poloniex, if you want to buy wholesale at higher prices go to Mintpal.

Remember this is a sensitive time in EMC2's redevelopment, study the market before you jump in.   Our EMC2 valuation opinion is scheuled to be incorportated in this report soon, we include it to help discourage pump and dump trading schemes.


Projects & Bounties
Folks we have money to give away, most of the funds are for projects but some is for brand awareness, and bounties.  

If you have a contest idea that's fair let us know, if you know of a science channel on youtube that wants EMC2 sponsorship let us know, if you know of a science teacher, professor, or professional that wants to partner with us to do something special in the field of science let us know.


Volunteers Needed
We need writers, social media experts, outreach pros to contact schools, in-house outreach rep, researchers, focus group members, graphic artists, video producers, and many more.  

Also, if you decide to do unsolicited projects of any kind please post what you have done together with your EMC2 wallet address, we will be randomly selecting individuals for small remuneration payments.

On behalf of the full team (oldminer, djnocide, and myself) thanks for the encouragement -- you know this isn't a one-person operation by any stretch.

Now let's turn the accolades in your direction, I know what you can do, you're an inspiring force that is needed on our marketing team. 

As for twitter, facebook, and all other social media outreach, with you on the team you'll have the green-light and license to burn-up the track.   

Our team needs people like you heading up segments of the EMC2 org, people who are both: committed community leaders, and productive self-starters who are able to design and implements strategic plans for massive success.

Please let me know the extent you want to be involved.