Topic: [ANN][ICN] iCoin - On Swisscex, C-Cex, Bittrex exchange - page 14. (Read 162098 times)

Last two messages of people quitting don't really bring to much hope in .

This setting for future mining, mined coins are not effected.

Do you have any coins to sell? If so, PM me please.

@speedminer sad to see you're shutting down, you were my favourite iCoin pool

best of luck to you in your future endeavours

What about my 100k coins that you are holding? Is this your exit strategy now? Speedminer send me the coins I've earned with mining @ ur pool, they're worthless anyway be smart and do the right thing.

I am out, this will be my last post in here. Goodluck to the iCoin community.

Don't let me be the reason you not doing updates for one of your coins.

bibi

Hey CH,

I think there are a few factors to consider for the new coin release schedule:

1) Mining period- How long will x11 be ASIC resistant? 2ish years? Do we want to be able to mine icoin for 2, 5, 10, 20, or 50+ years?
2) Total number of coins- Depending on your mining period, this may vary. The suggested 250,000,000 ICN seems way too large considering the suggested block rewards and halving times. It would take hundreds of years to mine the total amount, and given the rapid rate of technology advancement, any algorithm would be obsolete.
3) Block Times- Faster transaction times would definitely provide more real world use. If you change reward times down to 1 or 2 minutes, you could just modify the block rewards so that the rate of coins being mined is the same, but confirmations are hastened.
4) Block rewards- I do agree we need a bottleneck in new coins entering the market, but is a 100 to a 25 ICN reward too drastic of a decrease? Would it kill mining all together? With such low trade volume, a 50 ICN block reward transition may ease the transition.
5) Block reward halving times- who said block reward halving times had to be constant. Why couldn't the halving times double as your rewards halved?

*Calculations are made assuming there are currently 11620850 ICN in circulation

Current suggested release schedule:

blocks   reward   time (years)   total coins
64000   25   0.365296804   13220850
64000   12.5   0.730593607   14020850
64000   6.25   1.095890411   14420850
64000   3.125   1.461187215   14620850
64000   1.5625   1.826484018   14720850
64000   0.78125   2.191780822   14770850
64000   0.390625   2.557077626   14795850
64000   0.1953125   2.922374429   14808350
64000   0.09765625   3.287671233   14814600
64000   0.048828125   3.652968037   14817725
64000   0.024414063   4.01826484   14819287.5
64000   0.012207031   4.383561644   14820068.75
64000   0.006103516   4.748858447   14820459.38
64000   0.003051758   5.114155251   14820654.69
64000   0.001525879   5.479452055   14820752.34
64000   0.000762939   5.844748858   14820801.17
64000   0.00038147   6.210045662   14820825.59
64000   0.000190735   6.575342466   14820837.79
64000   9.53674E-05   6.940639269   14820843.9
64000   4.76837E-05   7.305936073   14820846.95
64000   2.38419E-05   7.671232877   14820848.47
64000   1.19209E-05   8.03652968   14820849.24
64000   5.96046E-06   8.401826484   14820849.62
64000   2.98023E-06   8.767123288   14820849.81
64000   1.49012E-06   9.132420091   14820849.9
64000   7.45058E-07   9.497716895   14820849.95
64000   3.72529E-07   9.863013699   14820849.98
64000   1.86265E-07   10.2283105   14820849.99
64000   9.31323E-08   10.59360731   14820849.99
64000   4.65661E-08   10.95890411   14820850
64000   2.32831E-08   11.32420091   14820850



Current release schedule with previous "3 ICN Reward minimum":

blocks   reward   time (years)   total coins
64000   25   0.365296804   13220850
64000   12.5   0.730593607   14020850
64000   6.25   1.095890411   14420850
64000   3.125   1.461187215   14620850
64000   3.125   1.826484018   14820850
64000   3.125   2.191780822   15020850
64000   3.125   2.557077626   15220850
64000   3.125   2.922374429   15420850
64000   3.125   3.287671233   15620850
64000   3.125   3.652968037   15820850
64000   3.125   4.01826484   16020850
64000   3.125   4.383561644   16220850
64000   3.125   4.748858447   16420850
64000   3.125   5.114155251   16620850
64000   3.125   5.479452055   16820850
64000   3.125   5.844748858   17020850
64000   3.125   6.210045662   17220850
64000   3.125   6.575342466   17420850
64000   3.125   6.940639269   17620850
64000   3.125   7.305936073   17820850
64000   3.125   7.671232877   18020850
64000   3.125   8.03652968   18220850
64000   3.125   8.401826484   18420850
64000   3.125   8.767123288   18620850
64000   3.125   9.132420091   18820850
64000   3.125   9.497716895   19020850
64000   3.125   9.863013699   19220850
64000   3.125   10.2283105   19420850
64000   3.125   10.59360731   19620850
64000   3.125   10.95890411   19820850
64000   3.125   11.32420091   20020850


Here are my suggestions:

1) <20 year mining period (Instead of straight mining over the 20 year period, if PoS can eventually be added to add the remaining coins into circulation after x11 becomes obsolete in the next 2-3 years)
2) 42,000,000 total coins (250,000,000 coins is not achievable during any of our lifetimes given the current rewards / halving times. Just cut out all the fluff and tell people how many coins are going to be in circulation while they're alive.
3) 1 minute block times (Fast transaction times are a necessity if real world adoption is ever going to take place.)
4) Start with a 50 ICN block reward and decrease from there. (A drop from 100 to 25 seems like to quick of a drop that could harm mining rather than increase the value of the coin)
5) Have variable block reward halving times for more sustainable future mining.


blocks   reward   time (years)   total coins
128000   50   0.243531202   18020850
256000   25   1.704718417   24420850
512000   12.5   4.627092846   30820850
1024000   6.25   10.4718417   37220850
1529328   3.125   19.2008828   42000000

Thanks for the time and effort, it was a very good pool to mine on.

After running a dedicated pool for half a year... decided to stop since the pool fees/donations don't cover the costs I'm making.
Therefore, please withdraw any coins you have left on our pool by the end of May 19th or these will be lost.

Or if anyone 's interested in taking over for a small donation in BTC, please send me a PM on bitcointalk.

Thanks for all who mined with us!

When needed, I'm able to provide linux server with 500Mb international connectivity

With the available wallets you probably need to run cygwin with the linux deamon.

Is it possible to run a seed node on windows server? Is it just the wallet exe with some parameters or something else entirely?

Hi CH,

Why not halve the block time and keep the halving interval?

This way it is more usable in real world where fast confirmation/block solving is preferred to accept payments.

Also, I think that we need more seed nodes that are always available in order to get the network more stable. Do you have an idea on the costs of that?

The new settings look nice.

Although about the block time, would there be any advantage in having faster confirmations in the future real-world usage? 3 minutes is still way faster than bitcoin, but for example 2 seems faster than 3 for a layman.  

The new settings could be a fresh new start for the coin, and would deserve a fresh new thread as well imo. And some PR to hype it up a bit. We'd just need someone capable to write press releases etc, someone slightly tamed down version of IconicExpert from blackcoin for example.  

what happens to our current coins?

It's slow because domain transfer process requires 5 days for transfering geticoin.com to my account. Website is up now (old version as the new one i received from Cointopic is incompleted, not usable).
Next update is done too. Just one more thing is the new setting:

Current setting:
Algo: Scrypt
Total coins: 500 million
Premine: 1%
Block reward: 100 iCoin
Block time: 3 minutes
Reward halving interval: 128,000 blocks

Proposed setting:
Algo: X11
Total coins: 250 million
Premine: 0%
Block reward: 25 iCoin
Block time: 3 minutes
Reward halving interval: 64,000 blocks

Any sugguestions?

Shut your mouth up than just typing behind monitor and helpless.

There will be no new update until this a**h*** get out of this thread.

The dev seems slow with updates, if this is what the iCoin team had to deal with no wonder they left. I have a feeling that the anonymous Captainhook has run away with the btc for the IPO and working on his other coins.

iCoin most likely needs a coin take over but who would touch it now?

Very accurate observations Litesire. The conference really put things into perspective for myself that unless you're groundbreaking and innovative, there's not much of a market for hundreds of alt coins. A good name will not cut it. There was initially but only under the pretense that people could make short-term cash. We saw this with the alt coin rise a few months back (when all were increasing in value hundreds of percent in a period of a week). As someone who formerly completed some in-depth work for iCoin, I can tell you that the issues are still the same. The premine is now spent which is a fantastic start, but if no new users are there to realize there's a spent premine, no one will invest. iCoin needs a big announcement (big merchant, code update, etc..) and a nice fat press release, in addition to continuous merchant acquisition, but it's a catch-22 situation because no merchants will accept iCoin if they know they can't trade it effectively for BTC or fiat. Do the following in this order, and iCoin still has a fighting shot..

1. Get the effing website back up, what is this amateur hour?
2. Get on MintPal / Cryptsy (via votes or direct payment)
3. Release new update, bag a large merchant, or hold a charity event, etc.. worthy of a quality press release
4. PRweb press release and promote to MintPal / Cryptsy users
5. Continuous engagement on social media and continuous contact with new merchants

We were on poloniex and then were removed after a low volume (i am assuming that is why)