Topic: Announcing Songcoin - Invest in Music - page 27. (Read 96955 times)
What's going on in the world of Songcoin?
Thanks SP, important protocol announcement coming soon.
Value is holding up reasonably well on the exchanges despite low volumes and high availability.
Quiet on the Soc-med front, busy with other priorities for the moment.
Chat soon
DP
What's going on in the world of Songcoin?
Thank you for the kind words.
Regarding Pimovi -- I get the feeling that they may not be interested in SONG anymore.
i know from tibetain teacher,he is very wise man
Respect your own limitations only that way you can overcome them
Thought HD was putting up 350Mhs on hash to coins. They only report 30ish Mhs...
Well I originally said that I would put 180Mh/s on the coin for 72 hours with donations determining if anyone even cared. Then it was determined that 180Mh/s would not be enough hash and that the sweet spot was more like 400Mh/s. I put 400Mh/s on it for almost 2 days.
Based on the lack of donations - it looks like no one really cares if I put hash on the coin or not.
During the last high difficulty period -- I was the one putting sometimes 1Gh/s on the coin consistently. Let me know if you need proof. I have easily spent (or given up) over 5 BTC just on hash for this coin, with not much to show for it. Yes - I have some SONG coin -- but what do I do with it?
I was hoping that a real plan would be laid out for SONG -- but all I'm seeing is a plan to have a plan. And the need to raise money for the coin.
Would you spend $25.00 USD a day on something that has no real plan?
My thinking right now is to put hash down on the coin here and there. But constantly doesn't make financial sense.
(BTW - regarding the two donations I did receive -- I'll be happy to return them to you if you feel that I have not contributed to this coin enough).
To use some local vernacular to explain my feelings....
Are You Fair Dinkum Mate? You'll probably have to Google that
Ok - please give me an address to send back the coins to you. I don't want anyone to feel cheated.
I don't feel cheated at all HD. A deals a deal. Just disappointed I suppose as clearly you can offer a lot to Songcoin.
I've appreciated your input past few months. Bringing issues to my attention that perhaps would've otherwise been missed. Eye's and ear's are important.
Thanks - DP
Ok - so 400Mh/s seems to be the magic # as the block chain changed to "OK" status.
Not sure if people realize but Cryptopia.co.nz is trading SONG. There's barely any activity, so if you can move some coin there - it would be helpful. I'll do this myself in the morning (as it is 2am where I live).
Cryptopia is kind of cool as you can buy / sell items with different coins on their site as well.
I'm also in the process of creating a mining pool just for SONG - with extra rewards for miners. Hopefully this will encourage more miners to hash at it.
Awesome thanks HD.
Keep us posted.
We're also talking to Amanda Frikken Palmer http://amandapalmer.net/music/ management team today with high hopes she'll help us promote Songcoin. Those that know Amanda and her art would agree she's a stand-out innovative internet revenue generator. This would be an ideal "First Major Artist" promotional tool to add to her arsenal and in turn gain some popular focus for Songcoin.
Cheers
DP
Ow,her husbend is Neil Geiman,i really like his books
Thought HD was putting up 350Mhs on hash to coins. They only report 30ish Mhs...
Well I originally said that I would put 180Mh/s on the coin for 72 hours with donations determining if anyone even cared. Then it was determined that 180Mh/s would not be enough hash and that the sweet spot was more like 400Mh/s. I put 400Mh/s on it for almost 2 days.
Based on the lack of donations - it looks like no one really cares if I put hash on the coin or not.
During the last high difficulty period -- I was the one putting sometimes 1Gh/s on the coin consistently. Let me know if you need proof. I have easily spent (or given up) over 5 BTC just on hash for this coin, with not much to show for it. Yes - I have some SONG coin -- but what do I do with it?
I was hoping that a real plan would be laid out for SONG -- but all I'm seeing is a plan to have a plan. And the need to raise money for the coin.
Would you spend $25.00 USD a day on something that has no real plan?
My thinking right now is to put hash down on the coin here and there. But constantly doesn't make financial sense.
(BTW - regarding the two donations I did receive -- I'll be happy to return them to you if you feel that I have not contributed to this coin enough).
To use some local vernacular to explain my feelings....
Are You Fair Dinkum Mate? You'll probably have to Google that
Thought HD was putting up 350Mhs on hash to coins. They only report 30ish Mhs...
I received an apologetic email from the Coinsource team regarding the Songcoin trust review. Seems they've had a few issues to address and we should finally get a report from them early next month.
Cheers
DP
Cheers
DP
Interested in potentially pointing a KNC Titan / 1/2 Titan at this coin.
I'm down for its purpose. Do you foresee any issues with doing this?
R, NLC
I'm down for its purpose. Do you foresee any issues with doing this?
R, NLC
Thanks Natty not at all, we could use the help at the moment to invigorate the chain and help amend the network latency.
Cheers - DP
Interested in potentially pointing a KNC Titan / 1/2 Titan at this coin.
I'm down for its purpose. Do you foresee any issues with doing this?
R, NLC
I'm down for its purpose. Do you foresee any issues with doing this?
R, NLC
The reported hashrate has always been delayed proportional to the amount of hash currently applied.
So in other words - somehow the less hash you have on the coin -- the longer it takes to report it. The more hash you have on the coin -- the less time it takes to report it, but it is still delayed. Even at 2Gh/s -- I found it to be several hours delayed in actually reporting the correct amount.
The only way you can find out the true hash is to add up all the known pools (and then look for any unknown pools). Based on the blocks being found -- it appears that the total hashrate is about 420Mh/s. I know 380Mh/s is mine and I'm pretty certain 40Mh/s is from Dynoman. You can see this on the hash-to-coins.com front page.
I'm not trying to sound like a broken record but…
Regarding SONG -- can anyone explain to me how this coin was or is going to be used? I'm completely confused at this point. I've heard talks of an online wallet, then an Android app and then something about paying artists 70%… And then selling items… So many ideas now?? It is confusing…
From a pure technical standpoint -- if you make it just a plain jane KGW - miners won't mine it unless there is something backing the coin. I mean - miners aren't mining it now - lol. I hope that some thought will be put into it -- making it stable and also attractive to mine (and not just another clone).
Thanks HD for explaining the slow reporting time-frame. That's what I was doing before, looking for the pool hash and adding them up for a rough idea and obviously then seeing the blockchain start working again.
With further regard to the future development plans in the real world:
The way I see it now is to continue work on the adoption phase. I commend Pab for all his efforts, he works so hard at this. Encourage Artists and Fans to adopt the coin and this will appreciate the value. In turn using the Development Fund (Pre-mine) this will enable us to pursue the development of other ideas in the future such as the ones I've proposed in earlier interviews. So if you like then, the beauty of a successful cryptocurrency is that it can create it's own value/equity base and negate (to an extent) the need for external VC funding. Case in point: My original investment in Bitcoin paid for most of the development of the Songcoin back-end.
The VC's I spoke to on Tuesday were a little perplexed. Why are you here if you're not chasing funding? Well the answer is that we have future implementation plans that will benefit the Entrepreneurs and the VC community and I want people to know we're out here. Not a bad thing when your shaking hands with one of RB's mates. Mad keen Kiteboarders
Good news to: I've had an early expression of interest from "Amanda Frikken Palmers" team and surprise surrprise they know nothing about crypto's. So I'm working hard on this one. She'd be an amazing advocate to have on board for Songcoin.
Patience and hard work is what we need now and I welcome input from anyone who has an idea? Happy to listen and support where I can.
Cheers - DP - Songcoin - Invest In Music
Yes - I've read that article from quite a while back. But it sounds like that idea may not be in play anymore? And that financing is an issue now?
On a technical note -- I was hoping I could reduce the "maintenance" hash down around 300Mh/s to 350Mh/s -- but it has caused the block chain to get out of sync.
I'll up it back to 400Mh/s (as that seems to be the minimum required) - but I'm not sure how long I am willing to do this without knowing a master plan. Only makes sense. The cost right now to buy 400Mh/s is about .09 BTC (assuming Bitcoin stays near $300USD).
We can have private forum on invitation only not visible from open net.Free service what is working like online chat also
will post link later
The reported hashrate has always been delayed proportional to the amount of hash currently applied.
So in other words - somehow the less hash you have on the coin -- the longer it takes to report it. The more hash you have on the coin -- the less time it takes to report it, but it is still delayed. Even at 2Gh/s -- I found it to be several hours delayed in actually reporting the correct amount.
The only way you can find out the true hash is to add up all the known pools (and then look for any unknown pools). Based on the blocks being found -- it appears that the total hashrate is about 420Mh/s. I know 380Mh/s is mine and I'm pretty certain 40Mh/s is from Dynoman. You can see this on the hash-to-coins.com front page.
I'm not trying to sound like a broken record but…
Regarding SONG -- can anyone explain to me how this coin was or is going to be used? I'm completely confused at this point. I've heard talks of an online wallet, then an Android app and then something about paying artists 70%… And then selling items… So many ideas now?? It is confusing…
From a pure technical standpoint -- if you make it just a plain jane KGW - miners won't mine it unless there is something backing the coin. I mean - miners aren't mining it now - lol. I hope that some thought will be put into it -- making it stable and also attractive to mine (and not just another clone).
Old interview with Dave about songcoin
https://www.cryptocoinsnews.com/songcoin-reveals-plans-disrupt-music-industry/
Thank you - I do appreciate it.
So I've been playing with the hash to see what is needed to keep the chain in sync with C-Cex and it looks like close to 400Mh/s is what's needed.
I tried a test down to 200Mh/s -- but it then got "Out of Sync" again.
I'll bring her back up to 400Mh/s for a while and see how things go. Hopefully this amount of hash will at least keep it stable. I'm not sure.
Meanwhile - with these extra coins -- I'm going to have a special faucet designed for SONG. I don't want it to look like the typical faucets that you see -- where they almost feel scam-like with ads and stuff. Should have more details soon.
I don't plan to step on anyone's toes -- well unless you have really big feet!
Cheers last night I rented 400MH/s for 6 hours to aid the backlog effort and I was interested to see the network hash report failed to shift. Obviously the transactions started moving but this was curious. Can anyone explain?
Looks like we may change over to KGW, this algorithm is a bit flaky now that there's some distance on the blockchain. Anyway we're having a serious look at the possibilities.
Thanks
DP
Ok - so 400Mh/s seems to be the magic # as the block chain changed to "OK" status.
Not sure if people realize but Cryptopia.co.nz is trading SONG. There's barely any activity, so if you can move some coin there - it would be helpful. I'll do this myself in the morning (as it is 2am where I live).
Cryptopia is kind of cool as you can buy / sell items with different coins on their site as well.
I'm also in the process of creating a mining pool just for SONG - with extra rewards for miners. Hopefully this will encourage more miners to hash at it.
Awesome thanks HD.
Keep us posted.
We're also talking to Amanda Frikken Palmer http://amandapalmer.net/music/ management team today with high hopes she'll help us promote Songcoin. Those that know Amanda and her art would agree she's a stand-out innovative internet revenue generator. This would be an ideal "First Major Artist" promotional tool to add to her arsenal and in turn gain some popular focus for Songcoin.
Cheers
DP
Statistically - 400Mh/s at this difficulty will bring in 5482 coins a day. That's maybe .03 BTC per day the way the market looks right now. Not a smart strategy for a miner like me - lol.
So I'm not sure where I'll go from here - honestly.
If I get donations at SX3wRWSGFRKBhzHjERnuGK11zZmdEcEmwx (SONG address) -- then I'll keep it up -- otherwise I'm just throwing money at something -- something I don't know much about at all.
Hope that helps HD. Please confirm receipt.
Had a very interesting day yesterday meeting with local VC's. Quite a groundswell of interest from the venture community in niche coins and they were ready to listen but not sure how to proceed with the concept in the marketplace. I have my own ideas but they require significant capital input. This forms part of my long term strategy to treat the original pre-mine as equity in the future business as well as the ability to support early adopters. Most business people agree with this idea rather than giving away the pre-mine to create interest in the coin. One attendee suggested crowd-funding a music related project on a "Songcoin for Dollar" basis which is a great idea as it will strengthen the coin in the process. Consider also, that in many crowd-funding offers all you receive is a good feeling, so perhaps this idea has strong merit.
Anyway some ideas here to ponder for the future.
Cheers
DP
Yes - Songcoin wallet is back to "OK" on C-Cex.
It looks like about 400Mh/s does the trick. Hopefully there will be support for me to continue hashing this coin.
Thanks HD that's a great help, happy to back you up "1 for 1" until we get the diff issue sorted out. You should be getting around 8-10K per day thereabouts?
Plus my original bounty offered to you some months ago if you're still interested?
Cheers
DP
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