Topic: ElephantCoin - ELP | PoW with Superblocks | Please Upgrade to Version 1.2 - page 11. (Read 74715 times)

Hi all! What do U think about it...

or it...

Yes still mine it, it's good time now

Maybe, but I think ELP will be listed early or late in cryptsy. I mined ELP and will mine it from time to time, of course it is not the only coin I mine, but It's a stable and interesting one to mine for sure. I see ELP is much similar to Fastcoin, which is one of the consistent most profitable coins in the exchange.

Nah, they listed orbit, that had like a premine that dwarfs the premine of all other coins put together and that got on there in a couple of days.  Just need to bribe them. Get a bribe pot put together if you want to see it listed and contribute to it.

They are a business like any other, want to make money. Bribe them and the exchange will have it listed in no time.

Agree, used "ignore" button, this way it's much easier to read the thread than going through these long and useless paragraphs. Very few jerks like this in the forum, but good suggestions to skip them

you are the survival of this coin? bullshit, and get out of here. I have buy orders at coins-e.com, if you don't like ELP, dump it there.

Keeping saying and re-saying premine in this coin does not help your cause, and I agree with many that this coin by no mean the bad in the premine world. I am mining it as well, I don't care who said what on it.

BTW, there's a button called "ignore", it is good time to make use of it.

This is what I mean -- this is the only altcoin I've seen where almost every response looks like this. Very strange. "Go away. Don't mine it. Nobody asked you to mine elephant!!!11"

I already mined it -- a lot of it. Then I realized just how significant the premine was after speaking with the operators of the exchanges and also a developer I was going to start an ELP-centric service with. Nobody had any interest in this coin because of the premine. It isn't like I'm the only one that thinks the premine is holding ELP back. So you can tell me not to mine it all day long (and I'm not mining it...so don't worry about it -- get some sleep tonight) but I already dedicated a lot of time/resources to mining ELP early-on. I'm trying to get the community to rally to convince the dev to at least create a public ledger so we can see where the premined coins are going. If they're going to good use, it's fine by me. If they're simply being hoarded for profit then there is an issue.

If you're against me, then you're against the survival of this coin. If nothing changes, it will almost certainly die.

I mined ELP and I will continue mine it, I don't care what people say about premine. It sounds soooo stupid to me, if you hate so much about premine, go away, period. No one ever asked you to mine it.

Everyone understands that by any standard, this is just an average premined coin to the worst. There are many coins premined much more than this (like a recent one premined 7.5 mil), so there's no point to discuss over and over the premine for ELP, simply sound very stupid to me, someone is a jerk.

Well if the premine is reinvested into services/etc it isn't as big of a con. For example, Cryptogenic Bullion was added to Cryptsy early despite the modest premine...but they keep a public ledger and have giveaways/contests all the time. For example, I was recently paid out for changing a couple settings and entering the logo contest. You can see exactly where everything is going without any secrecy via the ledger.

With Elephantcoin, nearly 25% of the coins out there right now were premined and there are very few services out there (like was mentioned earlier in the thread, the only pool is a pushpool averaging around 5 MH/s.) There is no public ledger...and the dev never defends the premine (other than responding with anger when anybody questions it.) The dev isn't interested in helping out the ELP community (and in turn, himself) -- he would rather ride it out and hope that once ELP has some real value he can dump all of the coins he premined to make a quick buck. It's obvious the dev premined this coin strictly for profit. Have you noticed how defensive everybody is when anybody mentions the premine? They're likely in the dev's backpocket.

When all of these new fair-release coins are rolling out with better features it's hard to justify adding a heavily premined coin that hasn't really done anything significant since launch. The further along things go the less the premine will matter...but if we're being honest it's only a small group of people mining ELP and waiting to dump it at the first real opportunity (me being one of them.)

I suggested earlier in this thread that the ELP dev create a public ledger and start handing out bounties for some cool services/etc to add value to the coin and make it more attractive to mine, use, and list on exchanges. Everybody in this thread jumped all over me for it...which is right around the time I gave up on fighting for this coin. If it survives, great...but with the attitudes in here I'm thinking it's probably toast.

Like I've always said, a large premine is senseless now because it devalues (or even kills) the value of the coin! If the premine would have been half as much, ELP would probably be on Cryptsy right now and trading for 5 times as much as it's trading for on Coins-E. These devs just don't think it through and refuse to do anything to better their position. I'll probably get a dozen angry responses to this honest, no-nonsense post.

I really dont understand this anti-premine mentality. Its like the Redcoin 1m coin pre-mine - cryptsy sees it as a con yet I have nearly 1m RED myself just from mining and spending a few $$. Besides that, about half of the pre-mine has already been spent on services. Yet release a coin with no pre-mine and no services, hence no value attached to the coin whatsoever, and cryptsy will list it. From now on, Im going to buy any non pre-mined coins from coins-e by the bucketload and dump them all on cryptsy when their listed. Im still holding 1m goldcoins I bought cheap from coins-e to do just that once the price is good 

Q, what would cause a block to be rejected (mining solo)?

(edit: nevermind, Google is my friend)

FYI, if you're solo-mining, remember to add the pushpool as a backup. Honestly, I wish more coins had a reliable pushpool -- underrated.

Although it seems to get the job done. There just aren't enough people mining ELP to justify running a pool, really. It's also really easy to solo-mine (with the added bonus of getting 100% of any found superblocks/etc.) If you have even 1000 KH/s you can find a block every 3-4 minutes right now solo-mining. The strange community and the premine have put this coin on life-support...but if it survives the people that continued to mine it will be glad they did.

Another issue with this coin is that there's only one shitty pushpool available.

Don't try to bring logic into the Elephantcoin thread. The exchange operators keep bumping ELP down the list because of the premine (literally the only reason it wasn't listed 2+ weeks ago) but when you explain it to people everyone jumps all over you.

"No one asked you to mine it" - what a douchebag thing to say. It's a bunch of immature kids mining ELP now.

then don't mine it, no one asked you to mine it.

there are even newly launched coin with 7.5 mil premine, comparing with it this coin can be regarded as no premine coin, lol. The moral of the alt coin goes from bad to worse, it's full of greedy there.

And continues to drop further and further down the list... it's the premine killing us...

This coin continues to be popular. A listing on cryptsy would be nice. Its a lot better than some of the coins listed so far IMO and there would be a lot more volume traded than Ive seen for some other listings.