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It will continue until you people smarten the fuck up and stop mining/supporting this "Shite".
Unfortunately that means NEVER, its been proved that idiots reproduce faster than we can educate them.
Topic: Gaelcoin - Ireland's First Crypto Currency - Official Thread - page 8. (Read 22973 times)
Unfortunately that means NEVER, its been proved that idiots reproduce faster than we can educate them.
I don't think the flood will stop until every country, state, or province has its own coin, until every animal has its own coin, until every aspect of life has its own coin. I swear to god... it's just an endless flood of bullshit coins that copy innovators and slap a new graphic on them.
There are over 1 million words in English dictionary...We will probably get altcoin for every word...This is the bad side of no regulations...
It will continue until you people smarten the fuck up and stop mining/supporting this "Shite".
I don't think the flood will stop until every country, state, or province has its own coin, until every animal has its own coin, until every aspect of life has its own coin. I swear to god... it's just an endless flood of bullshit coins that copy innovators and slap a new graphic on them.
There are over 1 million words in English dictionary...We will probably get altcoin for every word...This is the bad side of no regulations...
Gaelcoin is Ireland's first Cryptocurrency - Based on the latest Litecoin fork it has the potential you want to expect from an Alt Currency
Launched on 07/March/2014 at 22:00 GMT
PoW Algorithm: Scrypt
Retarget Time:
Block Time: 2 Min
Initial Block Reward: 50
Max Supply: 650 Million
Premine 1%
1 % pre-mined
for marketing , merchant services and payment for future development
This is a common scam tactic.
High max coins + low reward + premine = SCAM
It will take 180 days to equal the premine that the dev is taking.
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2min blocks = 720 blocks/day
720 blocks/day = 36,000 coins/day
6,500,000 ÷ 36,000 = 180.55 days
Think about that. After half a year, the entire mining community will have only as much COMBINED as this one person holds in his wallet.720 blocks/day = 36,000 coins/day
6,500,000 ÷ 36,000 = 180.55 days
Not to mention this coin is "irelands currency" but there is no premine to give to the people.
So its a coin for the irish people but not owned by the irish people.
You fucking people need to call this bullshit when you see it instead of supporting and propagating this crap.
I think the dev has inaccurately described the retarget period. Here's the actual code:
Code:
static const int64 nTargetTimespan = 6 * 8 * 60; // Gaelcoin: 2 days
static const int64 nTargetSpacing = 2 * 60; // Gaelcoin: 2 minutes
Although the OP (and the code comment) claim 2 days, the code itself actually dictates a retarget every 6*8*60 seconds = 48 minutes on average, or every 24 blocks. That may help to explain how the difficulty adjusted upwards so quickly after the initial post.
You are right ! And they should have informed me of that as well..
May you always have a clean shirt, a clear conscience, and enough Gaelcoins in your pocket to buy a pint.
7FL3iamdfBbtv6jjzfJWT877tuLhBH5tFw
I don't think the flood will stop until every country, state, or province has its own coin, until every animal has its own coin, until every aspect of life has its own coin. I swear to god... it's just an endless flood of bullshit coins that copy innovators and slap a new graphic on them.
I think the dev has inaccurately described the retarget period. Here's the actual code:
Code:
static const int64 nTargetTimespan = 6 * 8 * 60; // Gaelcoin: 2 days
static const int64 nTargetSpacing = 2 * 60; // Gaelcoin: 2 minutes
Although the OP (and the code comment) claim 2 days, the code itself actually dictates a retarget every 6*8*60 seconds = 48 minutes on average, or every 24 blocks. That may help to explain how the difficulty adjusted upwards so quickly after the initial post.
You are right ! And they should have informed me of that as well..
Looks like a lot of people are wasting their hashrate here....getting on a exchange will be difficult too as all exchange are now putting voting systems in place so pre-mine will be use for exchange and then dump there coin.
Smart developers
Premined and Instamined ?
Who announces a coin after mining has started ?
Good Luck with your coin
SELL SELL SELL
Who announces a coin after mining has started ?
Good Luck with your coin
SELL SELL SELL
Mining started for a short period for testing as we wanted to make sure the wallets are functioning properly including testing a pool as i've witnessed many altcoins releasing buggy and non functional coins based on the 0.6 bitcoin frame work.
However the difficulty is still very reasonable and any coins that where pre-mined during the testing period will be given back to those who help make this Ireland's first successful coin.
TOOOOOO LATE!!!!!
Look at the poor result of MaZAcoin, and that was only the second one released, so suddenly 50 nation currency are being created, all will die and you guys are losing time and some stupid people hashrate.
Look at the poor result of MaZAcoin, and that was only the second one released, so suddenly 50 nation currency are being created, all will die and you guys are losing time and some stupid people hashrate.
I think the dev has inaccurately described the retarget period. Here's the actual code:
Code:
static const int64 nTargetTimespan = 6 * 8 * 60; // Gaelcoin: 2 days
static const int64 nTargetSpacing = 2 * 60; // Gaelcoin: 2 minutes
Although the OP (and the code comment) claim 2 days, the code itself actually dictates a retarget every 6*8*60 seconds = 48 minutes on average, or every 24 blocks. That may help to explain how the difficulty adjusted upwards so quickly after the initial post.
Anyone seen any blocks happen? Not seen a new one reported yet solo mining.
Premined and Instamined ?
Who announces a coin after mining has started ?
Good Luck with your coin
SELL SELL SELL
Who announces a coin after mining has started ?
Good Luck with your coin
SELL SELL SELL
I thought it was pogue mahone
pool
Thanks for the pool setup, what your Gael wallet address and ill send you to bounty
Don't listen to all the hate! Glad to see Ireland joining the cryptocurrency world! Mining!
Thank you!
Don't listen to all the hate! Glad to see Ireland joining the cryptocurrency world! Mining!
pool
fuck you and this coin
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