GPU mining was done by developers to control the difficulty. They calculated that new difficulty would be too low, so they mine as to make difficulty just half. But the problem is they do not communicate it. AND if they accept that, it means they also have to admit that they have GPU miner which they don't want to release for their selfish reasons. It is clearly undemocratic.
I don't think that the reason was that the difficult was going to be too low (it will readjusted very quickly
if we mine to many blocks) , the problem was that we were generating one block every two hours, meaning that a transaction will take 12 hours to go through and at that speed, the difficulty wasn't going to readjusted until October.
Imagine the disaster if they launch minexbank in those conditions.
Cheers
MC
That is the point. They are too greedy.
:-) Really??
The difficulty gets readjusted every 920 block. In target conditions (one every 2 minutes 45 seconds) it takes about 2 days to be readjusted.
If the difficulty is too low those blocks can go by in a few hours, no damage was done, and after that time everything goes back to normal.
But the case was that the difficulty was set for a hash power of around 900 hps and we had 41hps.
Between all of us, we were mining one block every TWO hours and you need 6 blocks for a transaction to go through (12 hours). Imagine a coin that is 12 times slower than Bitcoin :-( What is the point?.
If they didn't improve that situation, minexcoin was DOA and the developers have LOTS of coins from the initial generation that will be worthless if the project fails (and remember they already have the ICO money, they could just leave it alone and keep the money ;-) )
If think they did all the ICO investors a HUGE favor spinning up all those VMs for normalize the block creation rate.
Cheers
MC
For you kind information, developers do not accept that they did this to control STILL. Why they have to conceal information? But I think you know much about them. Then please oblige us with the perusal of these:
Who are you to ask me either I invested or not? And for your kind information, I am not talking about delays only and also I am not alone. There are many problems here. Read this thread thoroughly then judge. Now if you have answers to these questions (apart from delays) then please oblige us with answers:
1. If developers are not sure about any final date, why they don't properly communicate and take cushion time?
2. Why didn't developers release Minexcoin core client for all three OS (Linux, windows and MacOSx) at the same time?
3. Why did they premine apart from first genesis block of 5,500,000 MNX? They had pre-mined upto 960th block. Why?
4. Why did they pre-mine with very high hash per second due to which difficulty increased? And now every block generated after about 1 hour (average).
5. To use very high hash per second speed they must have software for GPU mining or else. Why didn't they release it till now?
6. When people asked many times they gave a method to use multi-thread mining. Why didn't they told this about on release of wallet?
7. The given method of multi-thread mining is broken and I am sure they have a work around. But still, we didn't know about this. Why?
And at last, I have problem because I have invested my TIME and MONEY in this project.
Hello.
1. We are engaged in software development. Everyone should understand that in this activity it is not possible to determine clear dates. We completed develop the product, it needs to be tested, if the bug has been detected after the test, we need to fix it, it takes time to fix the bugs. From here appears delay release.
2. We understand the Mac version is very common. We told you previously Mac version will be ready with Minexbank.
Maybe we need write a wallet for ReactOS, FreeBSD, ARM OS?
3,4. The chain starts with the genesis of block and the second block must be mined a team, since the premine coins are owned by the company. Since the network only started up, the difficulty was very low, so the process of mining was very fast, so we mined 960 blocks. If you do not understand how the network works, and how the difficulty of the network is regulated, you need to read the theoretical fundamentals of blockchain technology as a whole.
5. Now you can mine on CPU without problem. If you want mine another way and do not want to wait for the release of our miner - you need write own miner. We gave you open source code
https://github.com/minexcoin/minexcoin6. We didn't give you instruction ''how to mine'' with several threads from the 1st day release of MNXcore.
But who knows how to mine and knows what files to open, and which commands to write, have long used mining in several threads, from the 1st day release of MNXcore.
7. Mining with several system threads within terminal is working. Other participant use this method. First you need to know how mining works, and then start to say remarks about the malfunctions in the system.
If you are not a developer, don't understand how the blockchain technology works and invested 0.01 BTC, you should allows other participants to wait for the release and successfully use the products of our project.
We do not provide consulting services. We support the participants of our project and give them help related to our products.
Thank you for your questions, Lalit Kapoor!
Thanks for point-to-point answers.
1. Then why you have been giving clear dates and delayed the project by 1¾ month. (
Not answered)
2. This is not the answer why you didn't release three releases at the same time. You didn't realise yet, how MacOSX user are discriminated. (NOT ANSWERED)
3. It means you do not know the command "generate 101". Sorry, it is very unlikely. Even, then if you are so innocent then distribute reward from 960 block minus first block reward (i.e. 1918 MNX) to miners (block winner) who run their system for this coin successfully. (
Don't make fool of us)
4.
You simply avoid this question.
5. Where is democracy? Where is decentrilization? So my next question is why did you release any of the wallet (linux or windows)? Any one who KNOWS can build their self.(
Properly answered and accept that it is your WILL to release some code or not).
6. Read point 5 above. (
You simply avoid this question and feels again, it is your WILL only).
7. Yes it is working for 15 minutes. You have agreed upon this in Russian thread. What about after that? (
Partially answered)
This is your clear arrogance when you said you do not provide consulting services. People here simply demand what you have promised. They don't need your consultations. There are people who invested in this project and even don't know the basics of wallet management. Why did you seek their money and support if you can't tolerate them?
I am a designer and hobby developer, understand exactly how the blockchain technology works but not that competent to make my own client or miner. I am very glad to not invested 1 BTC in the wake of elevated morals after reading your whitepaper on the last day of this ICO. Currently, I have several times more MNX than I got from sale and bounty. But my question about this is: DOES IT MAKE ANY DIFFERENCE. I fear, in your point-of-veiw, it makes difference.
I want this project to be successful because I am the one who will get return many times of my investment. I can wait for months, if you say, but not delays, miscommunication, hiding facts, discrimination and unprofessionalism.
I would be very glad if you just answer here, even if once a day, to all the relevant questions, doubts and queries AND finally, properly communicate like this.
@minecoin.org
I just want to make you remember this.
and this.
Hello!
We will post a detail information about how to transfer you MNX to wallet.
You can withdraw your coins from ICO or bounty accounts on this Wednesday.
Follow our news.
and this.
Hello!
You can transfer your coins from Bounty and ICO to wallet today.
We will post a detailed instruction how to do it a little bit later.
Follow our news.
and this.
Hello.
We gave you the official explanation about delay on Monday
https://blog.minecoin.org/latest-news-about-release-of-minexbank-b86c2a9f12e3Now, you can download MNXcore and mine MNX, today will be available withdrow from ICO and bounty accounts.
Release of Minexbank will be August 9. Listing on exchanges after release of Minexbank.
The workflow is proceeding and you can see it. You should be more patient. Thank you!
Have a good day.
EDIT: There is a derogatory remark in India for these type of peoples. I am not posting here. Not because I am afraid of moderation but they simple can't get it.
