Topic: [ANN][MUN] Muniti: First touristic cryptocurrency - X11, D2D - Multi-algo soon - page 54. (Read 120470 times)

Yeah if you could NOT use Darkcoin.io bandwith for downloading the miner to be used for your coin, that would be great.

 

Little fact about Malta, during the summer months every village has its own festival dedicated to its patron saint, with darn near universal village attendance to some degree.  It's hard to escape the festas even if you want to .  

So it's potentially a good situation to distribute to the populace, since it's large enough chunks of people to be efficient, but not all of them at once. Downside is of course that it would take all summer.

I like the idea of using a small part of the premine for promotion at a festival, but I definitely think most of the drop should be by mail. How else can you make sure it is evenly distributed? I think the mail idea is novel and bold and in such a small nation it should be able to work. It is important to the public to see that the drop is spread as evenly as possible.

Maybe if Muniti is successful more countries would be willing to get involved in the drop in terms of logistics. Many coins these days are easily reaching market caps in the millions.

If this coin could reach 1$/MUN sustainably that would be great. If it could reach even more that would be even better. But if it even reaches 10% of that, that would leave approximately $2.5 million which would be enough to cover the mail and leave approximately 75% of the premine for funds to Maltese.

Added: Basic mining guide for GPUs on Windows 7

http://www.muniticoin.com/card-configurations/

That is a very good idea, albeit with a noticeable caveat - it would require the premine to be re-worked so as to give less coins to the Maltese citizens and more to be given at stalls, hotels and so on. Also, it would be much more time-consuming than mass-mailing, as ~450,000 people picking their wallet would require a far greater logistic effort than mailing. The Science Week idea is a brilliant tip which we hadn't taken into consideration and which we will be regarding seriously. For now awareness and adoption of the coin is the first step towards integrating Muniti; informing the citizens that they'd have to cash out the coin to BTC and then to Euro might discourage them altogether. An informative campaign will be prepared soon so as to lay down everything in a user-friendly manner.


I believe most of the answers asked in this topic have been answered concisely by Croak.

I did read the OP, 1/3 of the coins are going to be mailed to the people of Malta.  Is mining this coin going to make me want to visit Malta? How is me mining this coin going to anything for tourism in Malta?  It's the same question I have with any of the so called Country coins.  We mine coins to try and make a profit.  So please explain how mining this coin is going to do anything for Malta?  I understand a part is going to go to charity (maybe) and if the coin goes up in value the amount to the charity goes up, BTW, are you going to pay the charity in Crypto or exchange it for BTC then to Euros?

Did you even read the OP?  The devs want NON-Maltese to be the biggest holders of the coin.  The airdrop/maildrop of the premine is to raise local awareness and give a lot of people a vested interest in the coin's success, provide awareness of crypto in general, and provide another, possibly profitable way, to fund a charity here that's a pretty big deal. 

Will this be a pump and dump? Who knows?  But knowing the Maltese and the culture here, I suspect it's not.  This is Malta, somebody knows the dev team's mothers, and if it's a scam, the mothers would learn about it, and those guys would be so ear-snatched. 

When why have this at all?  Wouldn't the people of Malta support their own tourism already?  I have friends who live in Malta and they seem to do quite well without crypto.  Again, what is this going to accomplish other than being another pump and dump coin?

Thing is, this isn't to rescue poor starving Maltese (there aren't many, if any, just like there aren't many hungry, homeless Icelanders).  It's to promote tourism, a market where you don't need to worry about 6 confirms, since most stuff is booked months in advance, and to help fund a popular, successful charity that does take care of the unfortunate.

Nobody should be needing to use it to buy bread, or a pack of fags, or anything immediate retail. 

That is a very big IF!!  Problem is, for the average person, how do they turn this wallet into a loaf of bread?  Merchants are not going to wait around for 6 confs to get paid.  Sorry, the whole idea of country coins to me is a huge scam for the DEVs to make money!!!

Here's a suggestion on how to distribute Muniti.  

Travel around to the village feasts this summer, work with the church, work with the local councils, work with the Community Chest Fund, work with both parties, work with the big hospitality players (hell, Hugo alone could put you on the map regarding tourism).  Plan to give part of the premine away to tourists...hotels handing out paper wallets with checkins, or boat tours doing the same, etc, just as advertising.

But the main idea to set up a booth at the feasts and give out paper wallets on the spot.  Bring a laptop or tablet with wireless, record names or ID numbers and check them for double dipping (there will be some regardless).  It will be hot long days, it will be dealing with queues, but it'll be both cheaper and maybe less time consuming overall than a mass mailing, and most importantly, it'll be VISIBLE.  First few attempts will probably suck until you get a process down, and with overlapping feast days you'll need more than one team.  Bounty volunteers.  This is Malta, there's real community here.

Maybe have a final distribution in Valletta during Science Week, same routine.

That'll get the coin out to the Maltese, but it'll also increase legitimacy with the people that you want accepting the coin.  From there you can get tours and hotels and restaurants and dive shops to offer packages or discounts on prepaid Muniti transactions and you've got something...I wouldn't get hung up on point of sale transactions, but if they can accept the coin AND cash it out to BTC and then Euro and put it in a fiat account via SEPA without too much fuss, it'll work.  Kraken comes to mind.

I have started mining a x11 coin for 2 days now.
I have to say that it is magical compared to scrypt.
Temps have gone down by 15C.
Electricity consumption is about half.
Hashrate is more than x3.
I use an Asus R9 290X 4GD5 and get 2.732 Mh/s with rejects between 0.6% and 0.9%.
X11 is most definitely the current best option.
Waiting for the launch to start mining this coin.
Good luck to all.

Thanks, we look forward to having you join us at the launch.


We have taken your criticism into consideration and we are trying to work on a solution for what you have pointed out. The costs won't be as elevated as you are making out, but they will be considerable nonetheless; if we can save money in any way we can while keeping the same level of quality, it's a no-brainer. However, right now we simply have our hands full with the upcoming launch, and we want to tackle one point at a time.


As we pointed out in the OP, we will not be giving bounties to entities who would profit from adopting Muniti, as it beats the purpose of bounties in our humble opinion. Should a hotel wish to adopt Muniti as an accepted currency, we would be more than happy to give them our fullest support. However, bounties are and will remain reserved for individuals who help out from their own free will without gaining any noticeable profit out of it.


Please check the Downloads section on our site and download the CPU/GPU miner of your choice.


Thanks! Added to the OP.

MUN coin pool http://benchcryptopools.myvnc.com/muniti/public/  , preregistrations open!

"Only" is a strong word and I should add to my statement. I think this could be achieved through digital ID cards issued by the government either specifically for claiming cryptocurrencies or already existing digital IDs that can be verified over the internet for that purpose without being created for that purpose initially.

Also a company could achieve this if trusted by the public or customers, or in the spirit of the community that has already formed around cryptocurrencies a crowd funding effort might be able to achieve something depending on the size of the backing, although this is unlikely to work unless a very prominent figure or group that has the trust of the community spearheads the effort.

TLDR: For now I think the Muniti solution is very reasonable for a small nation. It should be a very interesting test case, and possibly the most successful country coin thus far.

The best miner is sph-sgminer:

https://bitcointalksearch.org/topic/ann-sph-sgminer-multi-coin-multi-algorithm-gpu-miner-added-marucoin-475795


or Config file:

go to http://sgminerwindows.com/ and download sph sgminer. Also to use it I found I had to turn down the clocks and memory quite a bit and your hashrate is about half of scrypt. I'll try and post some settings soon.

i never mine x11 algo what miner software?

 ^ That.

Impossible to distribute country coins properly. PoW is the only fair way.