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Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 44. (Read 506434 times)

legendary
Activity: 1291
Merit: 1000
Skarfur thank you for the update, this is really good to hear.


We have however not fully decided what direction we should take regarding the mining algo. This has been discussed back and forth. What I hope to see here is some discussion and opinions from the community. As we see it there are just two options to think about. Use an algo that is asic resistant and thus give the individual a chance to do some mining at home. This however is often an illusion as most of the asic resistant algo's are largely mined my gpu mining farms thus beating the point. Of course there might be other algo's out there that are gpu resistant but how reliable are they? The other option is to either go with SHA-256 or continue with scrypt and be mined mainly be the large mining farms. This option in many ways is good as it has much more potential to secure the network so we have been leaning towards this. This would also give us a good opportunity to be merge mined with some of the larger coins which would be a brilliant way to secure the network. It would be great to get some opinions and ideas from you guys regarding this matter.

Well I think this is enough for now. I just wanted to let you all know that this is being worked on and that all of you are invited to take part in this great project. I'm sure there will be a lot of questions and I will try my best to answer them.

I'd like to see merged mining with bitcoin or litecoin.  While I understand the attraction of mining, I think security of the network is paramount.  I would think Icelanders especially want to know that their currency is not going to be attacked.  Auroracoin is especially vulnerable on this issue because of the threat of attack back in the spring.
legendary
Activity: 1291
Merit: 1000



No need for words  Lips sealed Lips sealed Lips sealed Lips sealed Lips sealed

Actually I'd really appreciate some words, since I don't know much about technical analysis.  Is this bullish or bearish?
sr. member
Activity: 258
Merit: 250
This project is not dead.

I've been forming a group here lately to continue the development of the Auroracoin project. We are not many and have been doing this in our off time. What we want to do here is to kickstart this project again and hope we can attract more people from the community to join us and help make this project a success.

For those of you who are wondering why Auroracoin came to a halt in Iceland, the answer is very simple. We didn't have an exchange with isk  ~ aur pairs. We can't expect any cryptocurrency to be successful without the early adopters having the ability to exchange the currency to and from a fiat currency. This is what happened here.

This however is being worked on. Separate from the Auroracoin development group I and a couple of others have formed a company and have prepared all the legal and banking background needed and are working on launching an exchange site for isk ~ aur trading pair. We believe that this is the milestone needed to get auroracoin rolling in Iceland.

A member of our (not officially formed) Auroracoin development group has been working on this project from the beginning and is one of the few if not the only person that Balduro is in communication with. He is not associated with Balduro in any way but since he dedicated a lot of time on this project from the beginning he has had a communication line with Balduro. This member has told us that Balduro has promised that we would get control of the auroracoin.org domain, so we will soon start to work on a new official website.

Regarding our direction with the development of the coin. We don't have any interest in any feature orgy like so many alt coins are doing these days. We want mainly to focus our efforts on adoption. What we have done is we have forked Bitcoin and lightly modified it to be the source for Auroracoin. We believe that this way we don't have to focus all our time on the coin code development but be able to focus it on getting people here to know the coin and teach them to use it.

We have however not fully decided what direction we should take regarding the mining algo. This has been discussed back and forth. What I hope to see here is some discussion and opinions from the community. As we see it there are just two options to think about. Use an algo that is asic resistant and thus give the individual a chance to do some mining at home. This however is often an illusion as most of the asic resistant algo's are largely mined my gpu mining farms thus beating the point. Of course there might be other algo's out there that are gpu resistant but how reliable are they? The other option is to either go with SHA-256 or continue with scrypt and be mined mainly be the large mining farms. This option in many ways is good as it has much more potential to secure the network so we have been leaning towards this. This would also give us a good opportunity to be merge mined with some of the larger coins which would be a brilliant way to secure the network. It would be great to get some opinions and ideas from you guys regarding this matter.

Well I think this is enough for now. I just wanted to let you all know that this is being worked on and that all of you are invited to take part in this great project. I'm sure there will be a lot of questions and I will try my best to answer them.

full member
Activity: 172
Merit: 117



No need for words  Lips sealed Lips sealed Lips sealed Lips sealed Lips sealed
full member
Activity: 172
Merit: 117
Hi,
 I am in favor of national currencies because they may have a real use, something that others will never have.
Regarding Aur I have some at higher prices and just now I buyed more because I see that It is moving volume and scale in Price in the last month.
Also I have Cataloniacoin (Catc) which is a currency equal and different. Equal because it would be for use in the territory of Catalonia and different because It has sold part of premine in ICO (C-Cex) and burned the rest. They'll make a change from Scrypt-N algorithm X11 and I don`t know if it's better or worse. Also can only mine the same number as the coins sold in ICO, for a total emission of just over 5 million.
I really hope It succeed because this type of Cryptos can understand anyone, without to be an informatic.  Roll Eyes

 Are you waiting any news in Aur? The volume always is talking ... In Catc I am waiting some news.  Shocked
Catc and Aur are rising, perhaps become friends and go hand in hand.  Grin
Greetings And Have a good day
donator
Activity: 2772
Merit: 1019


It is possible that Auroracoin was 'designed to fail' like you said, and that this project was commissioned by people scared of the change that cryptos can bring and sabotaged from the start. Because the developer chose to stay anonymous then there is no way to deny this accusation. But it is also the case that this is still a project that other people can build on, so long as there are people in Iceland willing to devote their time and lend their names to a movement in order to revitalize this project.

why designed to fail? How it played out is exactly what i anticipated from day one - i did not anticipate people giving up on it, but it was clear from the launch that this airdrop would cause massive decrease in price and the speculative bubble in the beginning was madness of course. Everyone with half a brain was able to see that clear as day. People seem not to think.

Now what about AUR? Let it rot or what?
What about the airdrop? Will that be going on until the year 2020 or what?
Take the heads out of your asses and stop the airdrop and then build this coin up to a top 10 coin again. Nothing more easy than that. I count on you to make me filthy rich Wink

Just stop the sellpressure from the free coins and it'll turn out quite well.

If you look at the 'tx_count' and 't' columns (the other columns about claim rate are wrong the calculation assumes at least one claim per block (or hour, don't know)): http://blockexplorer.auroracoin.eu/claims.2.html you'll see that we have about 2 claims a day or 636 AUR/day selling pressure form airdrop

I think the selling pressure from miners is greater: not sure what the block time is supposed to be, but it seems we're currently mining about 80 blocks in 5 hours (roughly guessed from: http://blockexplorer.auroracoin.eu/chain/AuroraCoin?count=100&hi=71155), which comes out to roughly 4,750 AUR/day selling pressure from mining.

The airdrop isn't a problem. Mining isn't a problem either (it's needed). Lack of local (and global) interest is a problem.
hero member
Activity: 742
Merit: 500


It is possible that Auroracoin was 'designed to fail' like you said, and that this project was commissioned by people scared of the change that cryptos can bring and sabotaged from the start. Because the developer chose to stay anonymous then there is no way to deny this accusation. But it is also the case that this is still a project that other people can build on, so long as there are people in Iceland willing to devote their time and lend their names to a movement in order to revitalize this project.

why designed to fail? How it played out is exactly what i anticipated from day one - i did not anticipate people giving up on it, but it was clear from the launch that this airdrop would cause massive decrease in price and the speculative bubble in the beginning was madness of course. Everyone with half a brain was able to see that clear as day. People seem not to think.

Now what about AUR? Let it rot or what?
What about the airdrop? Will that be going on until the year 2020 or what?
Take the heads out of your asses and stop the airdrop and then build this coin up to a top 10 coin again. Nothing more easy than that. I count on you to make me filthy rich Wink

Just stop the sellpressure from the free coins and it'll turn out quite well.
legendary
Activity: 1291
Merit: 1000
I'm looking for someone who can do translation into Icelandic.  Willing to pay in AUR, BTC or $.  PM me if you are a native speaker and interested.
Have you tried odesk.com ?
Doesn't seem to be anyone on odesk with the requisite skills.

Still looking, tell me your price.
sr. member
Activity: 364
Merit: 250
SpainCoin.org
I'm looking for someone who can do translation into Icelandic.  Willing to pay in AUR, BTC or $.  PM me if you are a native speaker and interested.
Have you tried odesk.com ?
legendary
Activity: 1291
Merit: 1000
I'm looking for someone who can do translation into Icelandic.  Willing to pay in AUR, BTC or $.  PM me if you are a native speaker and interested.
member
Activity: 98
Merit: 10
any hope for this coin?

could be 50 cent to 5$ easy if only someone was responsible and would start to work on it  Roll Eyes
full member
Activity: 121
Merit: 100
any hope for this coin?
legendary
Activity: 952
Merit: 1002
Yeah, don't write off a coin just because the forum thread dies, I sure hope the original developer is dead tho! :p

AUR was an okay idea- I don't think we had seen fair distribution or real progress towards it. It was all 'talk'  

The only country coin I see succeeding is called phcoin and they left bitcointalk months ago with tremendous updates
through official medium of communications to their community on facebook, twitter, irc, and announcement pages.

The original developer has done his job and has done it rather well, it's the community that failed to pick up what needed to be done. I still have a firm believe in this initiative, but have to say I need to finally see some activity from within Iceland first before I pick up again.

Having said that, I think Balduro eventually really has "broken the shackles". Unfortunately not for Iceland, but for crypto in general. Wishing him dead is the same as praying for the end of Cryptocurrencies, for it's persons like him that pave the way by creating new challenges.

If anything, I would have wished for Icelanders to have picked up this initiative more like my fellow countryman have (NLG).

Auroracoin was designed to fail.  It was one of my first looks at cryptocurrency and I was very excited when I heard about the project.  I had visited Iceland the previous summer and of course had fallen in love with the place.  "Awesome!" I thought, and then I read... I read news articles in the BBC that hadn't been sourced, merely passed on, I read that the development was taking place on the mainland, even weeks into the project none of the people I knew and contacted in Iceland had heard of it.  Consider this... Boots on the ground, merchants being set up to use, an informed population, none of this was being done.  Here's a very VERY telling fact... there was a huge rush just to get the system in place for the first air-drop, and days before it was to happen, the software was just being written.

Why

The

Hurry.

There can be no reason other than to foster a sense of urgency, panic, and just 'get-er-done!" and think later.  The whole thing was done without any planning whatsoever, no consultation, no talking to merchants, business-people, and they hadn't even contacted the local small but there cryptocommunity.

Just remember "The Producers", built to fail, just like Urocoin.


It is possible that Auroracoin was 'designed to fail' like you said, and that this project was commissioned by people scared of the change that cryptos can bring and sabotaged from the start. Because the developer chose to stay anonymous then there is no way to deny this accusation. But it is also the case that this is still a project that other people can build on, so long as there are people in Iceland willing to devote their time and lend their names to a movement in order to revitalize this project.

This is also true.  I just had a flash of this scene from "Fight Club"....

You know what this is?  It's a bridesmaid's dress.  It was loved once, for a day, and then thrown away, never to be used again, so sad.

*lol*

I don't think a government conspiracy is credible, but one theory was that it was a mechanism for some Icelandic businessman to get his currency in/out of the country and avoid the current strict rules surrounding that.
hero member
Activity: 1008
Merit: 500
http://aur.bitember.com/ is up with a brand new interface  Wink
hero member
Activity: 611
Merit: 500
Anglo Saxon Crypto Enthusiast
Yeah, don't write off a coin just because the forum thread dies, I sure hope the original developer is dead tho! :p

AUR was an okay idea- I don't think we had seen fair distribution or real progress towards it. It was all 'talk' 

The only country coin I see succeeding is called phcoin and they left bitcointalk months ago with tremendous updates
through official medium of communications to their community on facebook, twitter, irc, and announcement pages.

The original developer has done his job and has done it rather well, it's the community that failed to pick up what needed to be done. I still have a firm believe in this initiative, but have to say I need to finally see some activity from within Iceland first before I pick up again.

Having said that, I think Balduro eventually really has "broken the shackles". Unfortunately not for Iceland, but for crypto in general. Wishing him dead is the same as praying for the end of Cryptocurrencies, for it's persons like him that pave the way by creating new challenges.

If anything, I would have wished for Icelanders to have picked up this initiative more like my fellow countryman have (NLG).

Auroracoin was designed to fail.  It was one of my first looks at cryptocurrency and I was very excited when I heard about the project.  I had visited Iceland the previous summer and of course had fallen in love with the place.  "Awesome!" I thought, and then I read... I read news articles in the BBC that hadn't been sourced, merely passed on, I read that the development was taking place on the mainland, even weeks into the project none of the people I knew and contacted in Iceland had heard of it.  Consider this... Boots on the ground, merchants being set up to use, an informed population, none of this was being done.  Here's a very VERY telling fact... there was a huge rush just to get the system in place for the first air-drop, and days before it was to happen, the software was just being written.

Why

The

Hurry.

There can be no reason other than to foster a sense of urgency, panic, and just 'get-er-done!" and think later.  The whole thing was done without any planning whatsoever, no consultation, no talking to merchants, business-people, and they hadn't even contacted the local small but there cryptocommunity.

Just remember "The Producers", built to fail, just like Urocoin.


It is possible that Auroracoin was 'designed to fail' like you said, and that this project was commissioned by people scared of the change that cryptos can bring and sabotaged from the start. Because the developer chose to stay anonymous then there is no way to deny this accusation. But it is also the case that this is still a project that other people can build on, so long as there are people in Iceland willing to devote their time and lend their names to a movement in order to revitalize this project.
newbie
Activity: 53
Merit: 0
Auroracoin Added to CEX.IO Trading Platform

Hey AUR users,

Now on CEX.IO you can trade AUR/BTC and as you will already know in the Ghash.IO Multipool we already have AUR available.

We are adding many new coins and fiat options to CEX.IO so we invite all AUR users to come and see.

Mine AUR Trade AUR https://cex.io

Why AUR?  there isn't even a community here anymore. When is the last time the devs made an update?

I think the only reasonable reason they put AUR here is so they can buy it from all others and then keep holding

just a thought
legendary
Activity: 1025
Merit: 1000
ltex.nl
I see blocks are typically found every couple minutes, but today two blocks were over 2 hours.  These blocks had a larger number of transactions in them.

What is the connection between block size and time to discover?

It's the autoswitching mining Pools. In case you havent noticed, rates allmost doubled yesterday. That means mining AUR became profitable to them. They bashed the hashes for a short time, leaving the network with high diff, but low hash. This results in slower block times. Time for DGW3 shield!

Wouldn't merged mining with LTC solve a lot of problems for AUR?

It might, provided there is an option for that. On the other hand, Iceland is the most ideal place to start self supporting mining allowing enough hashing to keep the switching pools out... I believe we still have a plan on that subject ;-)
legendary
Activity: 1291
Merit: 1000
I see blocks are typically found every couple minutes, but today two blocks were over 2 hours.  These blocks had a larger number of transactions in them.

What is the connection between block size and time to discover?

It's the autoswitching mining Pools. In case you havent noticed, rates allmost doubled yesterday. That means mining AUR became profitable to them. They bashed the hashes for a short time, leaving the network with high diff, but low hash. This results in slower block times. Time for DGW3 shield!

Wouldn't merged mining with LTC solve a lot of problems for AUR?
legendary
Activity: 1025
Merit: 1000
ltex.nl
I see blocks are typically found every couple minutes, but today two blocks were over 2 hours.  These blocks had a larger number of transactions in them.

What is the connection between block size and time to discover?

It's the autoswitching mining Pools. In case you havent noticed, rates allmost doubled yesterday. That means mining AUR became profitable to them. They bashed the hashes for a short time, leaving the network with high diff, but low hash. This results in slower block times. Time for DGW3 shield!
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