Topic: [ANN]Joincoin (J) ToR Anonymous All Algorithm mining! *1.3 WALLET UPDATE!* - page 23. (Read 118644 times)

I initially tried to answer this one but I found out later that I was not sure or wrong; therefore, I deleted my response.

It has been another 2 months.

I have been running up to 12 CPU-algo (bastion) Joincoin mining (mostly after hours) and my Joincoin clients have been synced and running since september, 2014. The config file never had any node added. The debug window showed the clients have been constantly looking for a node and usually finding none. That's probably why now the blockchain is crawling at about 1/10 of the scheduled speed.

My impression is that there are some nodes/onions running, considering someone are asking for Joincoin transaction fees all the time.

I tried to solo-mine Joincoin with Scrypt without success.

Most likely we need more nodes.

Cheer.

Hi, everybody.

The Joincoin Cybermoney needs to be revived and put into a lot of people's wallets for them to adopt and use it- the way the Cybermoney is supposed to work, thereby gaining its popularity and value, just as dictated by the Edgar's Law of Cryptocoin Market Cap.

I am not the dev. I still like this coin but I do not have much time myself.

I think instead of giving up on this coin, I would try to have it set up @Multifaucet  http://www.multifaucet.tk/index.php

If we keep enough persons interested in catching (from the faucet), owning, trading or mining the coin, the Joincoin might regain its life.

..... No gimmick, just by keeping enough amount for the faucet to drip, perpetually to give this coin a life.

Please start donating to the faucet once it is set up, for our own sake.

Will keep all of you posted.

I agree. Thanks.

ok guys I think this coin needs some attention change logo, relaunch or buy support like do 1-2 btc slowely increase the vol. something  is dev still here ?

The Edgar's Law of Cryptocurrency Market Cap could be partially explained by the arguments @ The Mises Circle: THE PROBLEM WITH ALTCOINS; Why no altcoin can succeed    http://themisescircle.org/blog/2013/08/22/the-problem-with-altcoins/

Hey, guys and girls,

Isn't it quite clear from the Edgar's Law of Cryptocurrency Market Cap that Every Cryptocoin except Bitcoin is baloney, unless it clearly increases the ease and desire of the general population to own and use it.

For the general population, who care about getting a cryptocoin to ride a tidal wave up or down? Who care about owning a cryptocoin to purchase through an unfamiliar network where you would pay with 5% of the purchase subsidized by free cryptocoins, or simply use them to purchase. Except for the anon features and speed of transfer which most of the general population do not need, it is quite inconvenient to set up or own cryptocurrencies. There is no reason for them to own them; the present currency/credit card/debit card/ pay card/Pay pal or discount coupons systems runs perfectly well. My wife or her friends would be excited to go to a store with higher-end brand-name products when there is a free 10% or more discount; who care about the 5%.

In short, putting every person the potential power to easily download crypto wallet clients and mine and own coins (thru all-algo, CPU or smartphones which have become so powerful) and use the coins, is the only way to increase popularity of cryptocoin and to set a coin above the rest of pals, including Bitcoin.

Creating a coin with interests limited for certain miners (and certain machines GPU, ASICs, and only in the self-interests of dev) or only creating brief waves of hypes and speculations, with deceiving features, without needed breakthrough for the general population to own or use, is Baloney over and over again.

Therefore, a CPU/and all-algos coin such as Joincoin, is the right way, when the proper development is made and the time is right.

    ...............because such a cryptocoin will leapfrog and at the same time enormously increase the Ecosystem (and the coin values).

It does make sense. It happens every day.  The Market Cap info is from http://coinmarketcap.com/currencies/views/all/

The Small-cap ones especially those after rank #300 (most of them also of low volume, high bid-vs-ask price spread) have probably at least 2-4 times inaccuracy in price and market cap valuation.
The rest of first #300 do fit into this model fairly well, actually perfectly well one month ago , theorized by me, when Ripple is only 1/3 of the present price.





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I am not a mathematician or working in financial business. I did read some books (on topics of interesting mathematics) I got from book stores when I was in a high school, living near a teacher's university in a big city many, many years ago.

I remember that one phenomenon was that a competing system at times producing the (scores/city population/company value-market cap)  associated with (Scores of #1)/Rank.

Now, I have found surprisingly that

     (cryptocurrency market cap) is associated with (Scores of #1)/ (Square of Rank); it is square of the rank and additionally, there is a very large (dividing) constant k, i.e.,

                                            ( #1 now BTC market Cap )
    Cryptocoin Market Cap = ----------------------------------------
                                             k   x    ( Rank x Rank )


For now the k  mostly are within 4.59-8.56 for the first 2-311 cryptocurrency. The only exception is the #1 BTC not subject to the k constant, implying that being the number #1 (alone) gives you more than 4 times value/advantage over the rest of peers.

Now, I would call this

Edgar's Law of Cryptocurrency Market Cap, formulated by DOGEbubble on 12/21/2014.


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It is up to anybody's speculation on the use of this phenomenon, why it happens, and whether it might evolve or change.
I think it would stay this way, at least until the ecosystem reaches saturation and extensive regulations ( for which cryptocurrency is being designed to avoid.) That's why we do not see such a magnitude of ranking hierarchy in the stock markets of an industrialized nation where regulations and anti-trust laws are constantly preventing the practices of big companies and breaking up big companies.
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One thing is certain that, if the Edgar's Law of Cryptocurrency Market Cap still works at this moment, those outliers, say, with a k of less than 4.5 or more than 7, may have to move up or down quickly into a new rank,  ( to justify its market cap) or they are overvalued or undervalued and have to rise or fall back quickly to stay at the same rank.
That's what I suspect Ripple or Stellar is doing. Certainly, we can argue that Ripple should belong to a different category or different ecosystem, etc...

We shall see.............. .
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where did you get that definition of capitalization? does anybody use it? what for? using rank like that doesn't make much sense to me...

There is not much activity on this coin.

For the 4th or fifth time, now Bittrex again warns de-listing of this coin on the exchange site due to lack of user interests. This coin apparently has already been de-listed from C-Cex.

There in not going to have any other major exchange site trading this coin.

Joincoin, where is the dev now? How could the Joincoin survive only with miners and maybe "stakers" (from the word proof-of-stake)/collectors and stay dormant(?) for 3 months and now only running at 1/10 of scheduled hashing activities or about 138 blocks/day. (And maybe the node(s) collecting nominal amount of Jcoins while processing the coin transfer.)

To be frank, keeping on going like this, Joincoin would be still a cryptocurrency, in the cyberspace.

May God help Joincoin.

As I have posted above, The Joincoin has been going into to the final phase of 2 joincoin rewards per block at only 1/10 of the rate at present. This is a critical point for Joincoin.

It appears that the reason of abrupt loss of popularity for mining Joincoins is due to no apparent advantage for the majority of GPU-(usually hardcore)-miners vs CPU-(a great majority-probably a million-time more, computer-non-savvy)-miners[/font][/color], in terms of all-Algo mining.

• This also shows all the flaws of numerous new coins production- the majority and certainly all on the premise that the Bitcoin/Alt-coins are decentralized, "democratic", " putting the currencies use in the hands of people. As I stated above, Joincoin is only one of the few that can be set up easily to run and to mine with a regular office or home PC without a glitch. The majority of cryptocurrencies, running well only on GPU-intensives or ASICs, therefore, are non-democratic (and "Hypocrisy'-) coins
  
  The cryptocoins, at least most of alt-coins, even without the intention of pump-and-dump, will invariably, after the initial hypes, follow the ebbs of lower low, due to diluting effects of further minered or POS'ed coins without matching growth of monetary bases and popularity. The popularity would be quickly lost due to loss of the effects of the initial hype as well as never-ending launches of new cryptocoins, usually by the same dev, some of them having the experience of launching numerous other coins. These dev's are dragging their own feet. The least imcompetent dev would simply abandon the coin and get into oblivion. Some and most of the coins would be non-functioning after a while, besides "being like a mass/or cancer, with a dead/necrotic core". Quite a lot of these, therefore, are Sick-coins, Lesion-coins, neoplasm-coins, of doubtful values.
  

In short, the joincoin, facing a hard time from the underlying flaws and weak points of cryptocurrency production, need to stop the decay, and grow appropriately to revive and survive. It is still most-democratic, all-Algo and completely CPU-friendly. The great popularity can still occur due to the enormous amount of CPU/computers in this world. Making and greatly facilitating CPU-friendly coins, such as Joincoins, (usually not in the interests of hard-core programmer/gamer who like and usually own GPU-intensive computers and the major players of this emerging cryptocurrency world), is ultimately in the best interests of cryptocurrency world for the sake of decentralization/democratization of currencies.

If the Joincoin will stay and gain popularity and ease of setting up in an average home or office, an average computer can be directed to do necessary functions of maintaining the coin as well as to harness the computer powers to do other worthy works, and mine or collect fees/coins (after POW ends) and eventually make a profit, when the popularity/value can be re-vamped.

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• Just a thought:  
  
  Do you know that the Capitalization of an alt-coin is defined by the rank, i.e.,  (1/rank)^2/k (where k is 3-5 or about 4)? Therefore, Litecoin ( now the 3rd) would have a capitalization of about  (1/3)^2/4= 1/36 of Bitcoin.
  
  In this respect, if a coin (should) surpass the Bitcoin (making it the second) in the future, the Bitcoin would only have (1/2)^2/4= 1/16 of the capitalization of this alt-coin and this alt-coin could have 16 times the capitalization of Bitcoin.
  
  For the same reason, if two coins (should) surpass the Bitoin (making it the third), the new "top" coin could have about 36 times of the capitalization of Bitcoin.
  
  ................ if the history and this math repeat.
  ................ Hey, we never knew it could happen.
  ................ This shows why popularity (and the rank) counts.  

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Again now at block 31052; i.e., 31052-30857= 195 blocks over 34 hours - or, again, @ 138 blocks/day. Only 138 x3= 414 new Joincoins mined daily.

Again at block 30,857-30,444=413 blocks or 1239 Joincoins produced over 3 days; or 138 blocks/day, only 1/10 of the rate of allowable new blocks generated.  

Now at around block 30,444 from 30,258 (based on my last posted message about 29 hours ago; i.e. not more than 200 block (or 600 Jcoins) a day.

Not 45 seconds per block or 1920 block per day. It would take 10 times longer (about 4 weeks) to reach 40,001 block when reduction of reward to 2 from 3 Jcoins/block starts.

It probably merely indicates not many active miners. My up to 1-12 or so of CPU-only miners are still not able to catch up to 10 times of Jcoins rewards, even given the algo-weighted characteristics of Joincoin.

The lack of new coin productions bodes both good (for rarity of new coin production) and very bad (in term of unpopularity) for the fate ( and valuation) of Jcoins unless it can be revived.

Maybe it could have some kind of support if I get wallet to sync. Simply it refuses to sync. Does anyone has proper nodes?

Thank god. The Joincoin is still being traded at the Bittrex despite having warnings of delisting (if trading volumes stay too low) three times.

The Block Crawler for UFOcoin has not being running for quite a while.

The "Join"Coin feature has its place. Just forget "crypto"currency transaction and associated values. Even by setting it up to run very easily to authenticate a document and your signature has its indispensable value, especially in electronic documentations, including medical records.


Just think about How many electronic documentations are to be produced a year.

In an average office, it is still very sloppy and there is no way to sign a part of the running messages to show that they were your words and not other person's. Passwords for sign-on to computers as well as individual passwords could be very easy to guess and find out.

Being able to sign and authenticate an electronic message will partly and reliably set all the above straight. Bitcoin/Cryptocoin wallets all have the ability to sign a message. The Joincoin wallet is easiest one to set up also double as a CPU miner to offset computer costs. I have tried to set up other CPU/CPU-only miners which all had different problems and restrictions (such as having to pay mining programs) and finally my computer got screwed up. On the other hand, setting up Joincoin wallet to run is a breeze.

In any circumstances, the Joincoin needs fast and active supports, including a block explorer, to have a huge success.

Now block reward of 3 (from initial of 6) will soon be over in about 6 days; followed by the final (and the last)  but prolonged phase with (blocks 40,001-626,200) block reward of 2, for about 300 days (or 10 months) producing additional, around 1.17 million Jcoins.

The diluting effect to 2.8 million Jcoins by adding these 1.17 millions Jcoins over such a prolonged period of time would be minimal. The price should be stabilized and further improved.

If the price is right, it might attract interests in mining this coin and popularity (and certainly further development) for this coin.

We should not underestimate the potential of this coin.

We shall see................ . 

Despite the apparent lack of further active development or abundant crypto community activities and support, all these could change or be made to change.
Joincoin is  still a very ideal all-algo, CPU-mineable cryptocurrency.

The Joincoin is still trading well at Bittrex, regardless of the warning of delisting.

I still think this is the best cryptocurrency for mining, especially CPU mining. I set up several ones in my office after hours. You can set them up to run and shut off automatically without affecting regular business operation.

CPU mining (or All Algos mining); It is always a charm to run these CPU miners; now still ignored by the large public who have many, many CPU's.

Bittrex also is giving the warning of delisting if no average Volume of greater than 0.1 BTC daily.

I have not traded at C-Cex any more after the issue of C-Cex not returning more than 6 millions of UFOcoins, during the regularly "monthly delisted coin" session, to me-the rightful owner due to "(Linux) Wallet not syncing  "  (please see: https://bitcointalk.org/index.php?topic=739473.new#new )


Therefore, get your Joincoins out ASAP. Their posted regulation/policies could have changed to be even more strict now.


It is definitely a shame that C-Cex probably got the Joincoins as fees, dumped from as high as 6600 Satoshis (@ Bittrex); now it is about 1/50 of that price.

Cex will de-list this coin if there's no trading by 10/13