Topic: [ANN][GRE] GreenCoin | On Bittrex now! - page 33. (Read 83663 times)

With Scrypt ASICs coming out, I don't believe that mining Scrypt consumes more electricity than other coins - in fact, I think that argument is a bit of a moot point since it doesn't at all effect what we're trying to accomplish on a big enough scale.

Ultimately, you buy GreenCoin in order to offset your Carbon footprint. You make a long flight, and you buy the equivalent Carbon amount in GreenCoin. Don't imagine it as buying GreenCoin - think of it as buying and selling Carbon. That's the aim. BioDieselChris knows more about this, and I'll point him here.

From my previous posts you already know that I'm skeptical. I may be harsh but there is so many scams in this world there is no way easy to trust people. Even big projects, well organized seem to fails. I got scammed by ShareXcoin, something I would never imagined. The dev has all my trust, I promoted the business and all...

Anyway,
I'm skeptical but I really try to understand your project.

If I understand correctly, you try to be a kind of market carbon. Where people who lower their carbon emission get money (GreenCoin). But unlike the market carbon, pullutant people also get a reward (mining rigs dig GreenCoin even if they produce carbon because they use lot of electricity. Scrypt consuming more electricity than other popular algo.). Philosophically, I think it make no sense to pollute to reward environmentalists.

But this is not the biggest issue I have. If we talk strictly economics...

So we have miners who receive lot of coins that they will probably want to sell for bitcoins.
We have environmentalists that receive free coins, they will also probably want to sell for bitcoins.

That make a lot of people wanting to sell a lot of GreenCoins!
However, what are the incitatives to buy GreenCoins? If no one has reason to buy them, the price will fall. And soon, no one will want to buy the coin even at 1 Satoshi.

Maybe there is something that I don't understand?  

The GreenCoin network is officially alive! After yesterday's payout, a greencoin is worth 2.6 mg CO2 (about 1/10th of an ounce). It'll be fun to watch this number grow over time!

If you wanted to offset 1 gallon of gas burned (9 kg), you'd need to buy 3,461,000 greencoins. We're not quite there yet on supply ... so please consider signing your renewable system up with GreenCoin: www.grcoin.com/contact

We'll take that as a compliment Hopefully this shows you the amount of work that we are doing to ensure GreenCoin truly influences / reduces the Carbon footprint. Good luck!

I'm actually quite surprised at the Net Hashrate.

Congrats!

If you are reading this, please hop in a pool - whichever has the least hashrate. That will help everyone associated with GreenCoin in the long run. Thanks all!

Oh, and 286 MH/s.

Third pool added:

http://altcoinpools.org/gre/public/index.php

Hovering around 220 MH/s

Sorry to hear that. I was hoping you'd get in early :/ You should keep trying to get it setup for solo mining that way you can do it in the future if you want.

No bud, never did get a second going.  Thanks to you though, I was able to do some solo mining with one of them and got some early coins:-)

https://www.coinader.com/?cur=GRE&ccur=BTC

Starting to get a decent market going. Pools are running well, and more are on the way (including a P2P, but that takes time to edit).

Thanks for everyones support! Currently at 178 MH/s!

Edit: 190 MH/s!

Were you able to get more than 1 controller connecting IMJim?

The conf file should be coin.conf and not greencoin.conf

Added:

http://explorer.cryptoblox.com/chain/GreenCoin
http://www.cryptoblox.com/faucets/GreenCoin/

Both are up and functioning

Cool man, am still playing around with things.  Is hard as my software is showing it not working the wallet but another pool, when I know it is working.  Only looking to run 3-6 mh/s on solo and 3 on the pool for now, being a bit new to this and hearing the concerns of forking, I don't want to hurt anything or cause probs for everyone so playing it safe till I can spread me hashes around.  Not like my miners don't have other work they can be doing in the mean time:-)

I did try to get a second one working for the experience but was unsuccessful as it seems, I did think to add the extra line for that controller's IP in the config though.

Learned something new tonight thanks to you!

You need to have a new line to the .conf file for every controller, didnt realize you had more than one. You really cant check hashrate in solo mining unless the mining program shows you. You only submit shares that are blocks so its really quiet. If your wallet is generating coins then you are good. 10mh s should block at least once per minute...

Headed to sleep now - I'll wake up every 30ish minutes to check and make sure all is going well.

Pool operators are being contacted, and all seems good for now.

What OS are you using? You should have a debug.log if you're using Windows QT.

You know, I am thinking I can only run one set of 10.....I think every time I tried to connect a second set to solo mine, it kicked em both off.  It seems to me that although Hashra Controlla says it is hashing one of the pools, it looks like it is in fact solo mining as coins are trickling in.  I did think to add the second controller's IP to the config file, so not sure yet what is going on.

How do I check for rejects and what the wallet is actually doing or mining?

Listen man, I VERY much appreciate your help......would not mind at all kicking ya some of me new coins if you want to shoot me your addy!!  With all the jerks you run into on this forum, it is very nice to run into some cool peeps here and there:-)