Topic: GRAND COIN - 1 GRAND PER BLOCK and SUPER BLOCKS released TODAY 13/07/13 - page 19. (Read 99277 times)

That would be great, but not enough i guess. I want to see it back at the 000008's
, as it defintely belongs there!

let's set this coins price back! I'm gonna place a 3BTC order tonight @.00000550

When is the GLX pool coming back?

On the website, the link to "Coin Jack," links to cryptsy's market.

when you will fix my csc account man?

I don't know but those two first values are still there and with GDC being added to Coinmarketcap, it's hardly possible that absolutely no one buys or sells...

Well gdc.dedicatedpool.com averages like 210% on shares for gdc, which isn't terrible... considering if it goes up in price you'll be one of the lucky ones that mined it.

We're trying to fix it though, trying everything we can.


In the meantime you could mine casinocoin on our casinocoin pool http://CSC.DEDICATEDPOOL.COM, or spots on our spots pool http://SPT.DECICATEDPOOL.COM, or global coin http://GLC.DEDICATEDPOOL.COM

I'll also be adding tagcoin, anon, and some other today.

Did cryptsy stop trade? I see this order since last night http://clip2net.com/s/6pg4VN

Awesome.... I want to mine GDC, I just don't want to get screwed doing it

I'm actually working on the issue as we speak, working with the code.

If somebody can find the time to fix this stratum issue, GrandCoin will have a lot more potential. As it stands now, there are a ton of people wasting their hashing power -- I'm baffled that there is ~200 Mh/s being thrown into gdc.dedicatedpool.com alone -- they're averaging 221.82% over projected shares per round over the past 24 hours...in addition to miners paying a 2% pool fee -- the actual return, with stales factored in, is way down the scrypt profitability list -- 10% below even LTC or BBQCoin right now (based on current rates on the exchanges.) This is taking into consideration that the average block reward is roughly 1008.89 GDC due to the bonus blocks (all coin calculating websites I've seen base their figures on 1000 GDC/block meaning they'd be shooting low if it weren't for the number of stales and also the stratum issues. Lazy, in my opinion, not to factor in the bonus blocks. Perhaps they're working an angle?)

It amazes me that people will just blindly mine without doing some basic math and realizing they're getting screwed. I hate to hurt this pool...because it's not the pool operator's fault its happening...but I do feel it's a little unfair to even keep it open at this point as the issue has clearly been exposed.

As far as the issue with attempting to estimate the total number of coins to determine market cap...I'd say leaving the blockchain out of it and just averaging the bonus blocks is the way to go. We're deep enough into the life of GrandCoin that an average will almost certainly prove to be quite accurate (and will only approach additional accuracy as time goes on):

Per 13440 blocks:
13,432 x 1000 (13,432,000 GDC)
7 x 7500 (52,500 GDC)
1 x 75000 (75,000 GDC)

13,559,500 / 13440 = ~1008.89 GDC/block average. They're leaving close to 1% on the table in their calculations by ignoring the bonus blocks -- significant when we're now dealing with a coin that has an ~$1,000,000 market cap (as of this post.) There are entire market caps of altcoins that have been around for months worth less than this neglected margin of error.
 

I am having the same problem. Unless you hit your estimated coins then Grandcoin is just not profitable. Also had same problem at another pool. I'm sure it's not the pool itself. I don't with Grand coin anymore, there are more profitable alts out there.

hold your coins, price is rising !

Mr Grandcoin, wake the fuck up and fix your coin. We demand submitblock function.

./grandcoind submitblock
error: {"code":-32601,"message":"Method not found"}

Submitting blocks via getblocktemplate is scetchy at best, making the Pools drop 1/2 to 1/3 of the submitts. I've tried to leviate the problem on my pool by hammering the blocks via resubmit, seems to work a little better. But that's not a solution, just an ugly hack.

So fix it ffs!

CMC show that GDC has 250m coin right now. so all coins have been mined?

id like to mine this coin how do i start ?

could you help ?

YES! SWEET! BEST BIRTHDAY EVER!

That's normal for solo mining. It still shows your hashrate etc. information, right?

any idea on my issue ?

Grandcoin just got added to http://coinmarketcap.com/gdc_30.html

Still early to buy some of these