Topic: [ANN][GRA] Graincoin - New PoW/PoS coin | Fast, secure | Version 1.5 Released! - page 92. (Read 177059 times)

Do we? Surely a smaller steady hashrate means there's a higher distribution of overall grains, than if some big hashers came in and started reaping the harvests? That's what would happen if this hit an exchange. I think heavily promoting grain could make it a victim of its own success. Get more people mining it yes, but as soon as it hits an exchange it will be pumped and dumped and seriously devalued once the hashrate drops back down.

I guess it would mean cheap grain for everyone if they wanted to buy it, but that seems to defeat the point. If it takes me a week to mine 100k grain, but then I could just buy it for a mere 0.001 BTC, then what possible incentive do I have to keep mining it? I could buy 10 million for 0.1 BTC. The coin would be as good as dead. Just like all the other highly inflated coins.

The only way to defeat the inflation is through higher distribution, and you're not going to get that by putting this on an exchange in the near future. It seems like a logical fallacy and contradictory to what this coin is trying to achieve. Long term sustainability.

Just look at what happened to ColossusCoin. I admit this coin has a lot more going for it than that copyclone, but the principle is exactly the same. Who wants to mine a coin you can buy for at a satoshi each, when you could mine more profitable coins and just buy them instead?

That's the kind of thing you'd want to do halfway through the total supply of coins, or at least to a point where the supply is becoming more scarce. Once there's no incentive to mine and no possible profit forseeable over the horizon, people will give up and move on just like every other coin. I hope that grain learns from other altcoins and doesn't follow the same path. If this hits the exchange at a Satoshi then there would be absolutely no reason for me to mine it anymore. I could buy 10 million, and sit on it like everyone else would.

The market cap would be flat and near-zero.

We need some hashing power

Vote for Grain here:
http://www.reddit.com/r/CoinedUp/comments/1twnam/request_to_add_grain_gra/

http://www.reddit.com/r/CoinedUp/comments/1ulygp/please_add_grain_to_coinedup/

and here
https://cryptsy.freshdesk.com/support/discussions/topics/44936

We need more Votes, to get listed

The giveaway is still available:

https://bitcointalksearch.org/topic/gragrain-giveaway-thread-each-account-gets-5000-to-20000-gras-closed-now-389595

Post your wallet there and you will get some grain for the start.

There was a giveaway? Damn I missed it  

As for exchanges...I'll be holding on to my Grains too. Love the coin since it isn't hyped and Bosian does a great job! Thanks for developing a great coin with potential!

EDIT: If there is any need for graphics/homepage etc. I'll be happy to help since I'm a graphic designer with years of experience

Ya the community is great, Bosian is a great Dev and the PoS is awesome.  This coin has a ton of potential, I'm holding longterm on this one I'm sure an exchange will pick it up in good time.

nice one

Exchange will come for sure. The most important for now is we build a solid coin and with a good community, all exchanges know the Grain, they will add when they think it is solid and with good support. I think it will be soon

Was feeling pretty crappy tonight. Nyancoin was an utter failure too. It's sad to see this self sabotaging behavior.

But hey. I just received 20k Grain for the giveaway, and moments later, mined a block. So after a couple of days I nearly have 50k grain now. I'm sticking with this coin. It's quiet and doesn't shout too much. Too many coins now.

Yup, community and support is all that matters at first

 i second that

 +1

well, if we can grow the coin... at some point exchanges will decide to add GRA. there are no guarantees about getting listed, but GRA has a good community growing and if we support the coin and promote GRA where appropriate we can continue growing.

regarding the PoS, I wouldn't worry guys, bosian is looking into it and according to his explanation we may just be caught up on all the PoS steaks.

there will be some update soon, plz stand by

Today,
it is one month after this coin has released.
it is one week after I have started mining.

Any news on exchanges wanting to add Grain?

that might be asking a bit much at this time, gl to u tho.

I PM'ed the dev of the block explorer, looks like the database is stuck, he may need to refresh DB. Hope he'll fix it soon. Meanwhile the other block crawler seems working fine.

I am investigating the issue... so far I don't see anything abnormal. Will dive into the details and report back.

Remember, for a given account the pos is usually generated during a certain period of time, as it requires you hold the coins at least 15-30 days before the "coin-day" will be counted. And after you receive the PoS blocks, the "coin-day" will be reset.

I see all the mining working fine.

I thin, bosian will fix soon, and, this time good for the miner due to the stable

I hope so. It's the small PoS that really drives me to this coin. I want to be rewarded for holding onto a currency rather than be rewarded for dumping it the first chance I get. That's what sets this apart from a lot of other coins.