Do multipools kill the coins being mined?
After a period of time until the nem released when multipool been everywhere, and no longer have the advantage. Recent multipool coin in the beginning of decline.
Topic: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread - page 177. (Read 661498 times)
April 23, 2014, 03:51:54 AM
Recent multipool coin in the beginning of decline.
April 23, 2014, 02:29:23 AM
Do multipools kill the coins being mined?
April 23, 2014, 02:17:15 AM
i actually had an idea last night... can we get a multipool mining now? i mean launch the multipool now and let it build up the btc until the coin actually launches? the mining power it could draw due to the massive interest in nem would be huge! and plus if btc takes a massive run up again you will see the dificulty of most coins go through the roof again... why not build up some funds up.. if nem wants to drop a bit after launch let it.. then after the drop start buying up with the mined funds..? what you think?
I like this idea as well, it will allow another option for people to acquire NEM besides just buying it in open market... BUt you really need competent guys to be running this who have similar NEM interests aligned. Look at the blackcoinpool, they are doing all sorts of things to attract miners, giveaways etc ...
I don't mind the 10% for the devs, but it would be comforting if there was some sort of gradual lockup period for the first 6 months or so to give outside investors confidence they wont be dumped on, a stigma which NXT has
im a bit behind but here goes.. using a multipool doesnt make nem stop being green.. nem still is.. the multipool would just do the same things as other coins (mine them) but it will do it faster and kill them off before all coins are mined which is actually beneficial.. why let all the other mulitipools suck all the wealth out of the other coins when we can take a nice big slice too? build up a nice large savings of btc to add big big buying presure after launch! its all good good good! theres allot of people in the community that agree too... and allot of miners would get in on this to get cheap coins.. throw in a bonus stake or 2 on top of the earnings to give extra profitablity and youl get mega miners coming.. the miners would actually get the cheapest coins(bar registration people)
imagine the amount of nem that will get bought up if we got people mining and stock pilling btc for months to buy nem at launch!
and loads of people will know about this and try and jump and get cheap coins before the pool buys in and raises the prices and others will try nd get infront of those people and the price will just explode!!!!! +1 if you agree with people!
Actually ,I was thinking along the same lines as this too. We want NEM to be green always but overall change in types of cryptocurrencies will be gradual probably. We need to dictate the pace and not hope !!!! Enforce our views from a position of strength!!!!
Pow will implode eventually, we would just be helping it along the way. I do agree with Pat though. It should never be endorsed by NEM. Some of the Guys should just get together and do it on the quiet. as long as the goal is achieved.Also if people are swayed to join NEM sooner because of its success then it will break the pow crypto backs.
you gotta be cruel to be kind in the right manner.
It's not like we can prevent anyone from putting this up anyway. Some wan't to support it some don't. I guess we'll see what happens
I don't like the "they'll mine anyway" argument because it's just not valid imho. Not only will a multipool give people incentive to start mining even if they we're not before but it will also further support the imho outdated PoW paradigm.
If all people jumped on the green wagon and all pools would close doors then the world would be a better place imho. Instead we're putting up a new one to get a slice of the cake ? It just sounds wrong to me.
Maybe we can get something going that will at least not waste the energy ? We could only support coins where the mining process is not worthless e.g. Primecoin and Gridcoin. Searching for prime numbers and supporting projects that try to cure cancer, aids and what not sounds a lot better to me than calculating otherwise worthless hashes
That's also something that could set our multippol apart from the others. 
April 23, 2014, 12:21:16 AM
You have to type
Quote
"NEM" coin
on google search and use the time settings (use a week or 24 hours) to find any mentioning of NEM. It's not entirely fool proof but it does work to an extent. Although I dislike the name, nemcoin would be much easier to "market", for SEO purposes.
I think NEM will show up in search results naturally eventually though, without having to adjust the google time settings. I truly believe the web will be buzzing about NEM once it's released. Also there's currently multiple websites being developed that pertain to different aspects of NEM, which should be great for our search results.
April 23, 2014, 12:18:24 AM
That's why I put Nemcoin in my signature, because just searching for Nem is not going to get whoever is searching anywhere.
April 22, 2014, 09:06:17 PM
You have to type
Quote
"NEM" coin
on google search and use the time settings (use a week or 24 hours) to find any mentioning of NEM. It's not entirely fool proof but it does work to an extent. 
April 22, 2014, 08:59:26 PM
I have 2 news for u - a good and a bad one. I was googling for Nxt and...
Good - I found references to NEM among the links.
Bad - They say that NEM is based on Nxt codebase.
If u have marketing team u should spread the word that NEM is not based on Nxt code, or u'll have a lot of PR problems in the future...
Good - I found references to NEM among the links.
Bad - They say that NEM is based on Nxt codebase.
If u have marketing team u should spread the word that NEM is not based on Nxt code, or u'll have a lot of PR problems in the future...
NEM in general is a really hard term to search for. Hopefully that will change.
Once the alpha is out and things are looking fairly solid, I think then we will start to ramp up marketing.
April 22, 2014, 07:46:03 PM
Yup, in order to avoid disappointment
April 22, 2014, 07:44:18 PM
Is it probably wise to assume the alpha client won't be released in the next week? Should I change estimates in the F.A.Q. to the first half of May?
Yes, if it's not going to reach Alpha state by next week then you should change it.
How long until someone comes complaining that it's not fair, that it was supposed to be late April. As if Nem is a finished product and it's just a matter of deciding when to release the Alpha. Or as if it's a matter of snapping your fingers.
April 22, 2014, 07:15:26 PM
I'm very excited about NEMs greenness. I doubt I would support this project otherwise. And while it might sound strange, if I'm able to sell NEM and make some money, I'm probably going to buy a miner or at least a top of the line graphics card. The best way to stop wasteful mining is from within. Sooner or later miners will say, "if you can't beat them, join them," but to make that happen I say, "join them TO beat them."
Sorry dude, but that post makes absolutely no sense at all ^^LOL, I must say I had some difficulty deciphering it too.
April 22, 2014, 06:23:51 PM
I'm very excited about NEMs greenness. I doubt I would support this project otherwise. And while it might sound strange, if I'm able to sell NEM and make some money, I'm probably going to buy a miner or at least a top of the line graphics card. The best way to stop wasteful mining is from within. Sooner or later miners will say, "if you can't beat them, join them," but to make that happen I say, "join them TO beat them."
Sorry dude, but that post makes absolutely no sense at all ^^ April 22, 2014, 06:06:05 PM
Is it probably wise to assume the alpha client won't be released in the next week? Should I change estimates in the F.A.Q. to the first half of May?
April 22, 2014, 04:58:14 PM
I'm very excited about NEMs greenness. I doubt I would support this project otherwise. And while it might sound strange, if I'm able to sell NEM and make some money, I'm probably going to buy a miner or at least a top of the line graphics card. The best way to stop wasteful mining is from within. Sooner or later miners will say, "if you can't beat them, join them," but to make that happen I say, "join them TO beat them."
I agree though we should go at it solo and this not be an official part of NEM. Nxt tried to make mining pools and they were DOS attacked among other things.
I agree though we should go at it solo and this not be an official part of NEM. Nxt tried to make mining pools and they were DOS attacked among other things.
April 22, 2014, 03:53:20 PM
This has been discussed before. There some issues i see
1 > The green part of NEM is very important why *page 1*
2 > You are talking about market manipulation > however small no thanks.
There is nothing stopping you from forming a group of miners and making a pool and using gained funds as you see fit.
1 > The green part of NEM is very important why *page 1*
2 > You are talking about market manipulation > however small no thanks.
There is nothing stopping you from forming a group of miners and making a pool and using gained funds as you see fit.
April 22, 2014, 03:43:19 PM
i actually had an idea last night... can we get a multipool mining now? i mean launch the multipool now and let it build up the btc until the coin actually launches? the mining power it could draw due to the massive interest in nem would be huge! and plus if btc takes a massive run up again you will see the dificulty of most coins go through the roof again... why not build up some funds up.. if nem wants to drop a bit after launch let it.. then after the drop start buying up with the mined funds..? what you think?
I like this idea as well, it will allow another option for people to acquire NEM besides just buying it in open market... BUt you really need competent guys to be running this who have similar NEM interests aligned. Look at the blackcoinpool, they are doing all sorts of things to attract miners, giveaways etc ...
I don't mind the 10% for the devs, but it would be comforting if there was some sort of gradual lockup period for the first 6 months or so to give outside investors confidence they wont be dumped on, a stigma which NXT has
im a bit behind but here goes.. using a multipool doesnt make nem stop being green.. nem still is.. the multipool would just do the same things as other coins (mine them) but it will do it faster and kill them off before all coins are mined which is actually beneficial.. why let all the other mulitipools suck all the wealth out of the other coins when we can take a nice big slice too? build up a nice large savings of btc to add big big buying presure after launch! its all good good good! theres allot of people in the community that agree too... and allot of miners would get in on this to get cheap coins.. throw in a bonus stake or 2 on top of the earnings to give extra profitablity and youl get mega miners coming.. the miners would actually get the cheapest coins(bar registration people)
imagine the amount of nem that will get bought up if we got people mining and stock pilling btc for months to buy nem at launch!
and loads of people will know about this and try and jump and get cheap coins before the pool buys in and raises the prices and others will try nd get infront of those people and the price will just explode!!!!! +1 if you agree with people!
Actually ,I was thinking along the same lines as this too. We want NEM to be green always but overall change in types of cryptocurrencies will be gradual probably. We need to dictate the pace and not hope !!!! Enforce our views from a position of strength!!!!
Pow will implode eventually, we would just be helping it along the way. I do agree with Pat though. It should never be endorsed by NEM. Some of the Guys should just get together and do it on the quiet. as long as the goal is achieved.Also if people are swayed to join NEM sooner because of its success then it will break the pow crypto backs.
you gotta be cruel to be kind in the right manner.
April 22, 2014, 03:39:55 PM
i actually had an idea last night... can we get a multipool mining now? i mean launch the multipool now and let it build up the btc until the coin actually launches? the mining power it could draw due to the massive interest in nem would be huge! and plus if btc takes a massive run up again you will see the dificulty of most coins go through the roof again... why not build up some funds up.. if nem wants to drop a bit after launch let it.. then after the drop start buying up with the mined funds..? what you think?
I like this idea as well, it will allow another option for people to acquire NEM besides just buying it in open market... BUt you really need competent guys to be running this who have similar NEM interests aligned. Look at the blackcoinpool, they are doing all sorts of things to attract miners, giveaways etc ...
I don't mind the 10% for the devs, but it would be comforting if there was some sort of gradual lockup period for the first 6 months or so to give outside investors confidence they wont be dumped on, a stigma which NXT has
im a bit behind but here goes.. using a multipool doesnt make nem stop being green.. nem still is.. the multipool would just do the same things as other coins (mine them) but it will do it faster and kill them off before all coins are mined which is actually beneficial.. why let all the other mulitipools suck all the wealth out of the other coins when we can take a nice big slice too? build up a nice large savings of btc to add big big buying presure after launch! its all good good good! theres allot of people in the community that agree too... and allot of miners would get in on this to get cheap coins.. throw in a bonus stake or 2 on top of the earnings to give extra profitablity and youl get mega miners coming.. the miners would actually get the cheapest coins(bar registration people)
imagine the amount of nem that will get bought up if we got people mining and stock pilling btc for months to buy nem at launch!
and loads of people will know about this and try and jump and get cheap coins before the pool buys in and raises the prices and others will try nd get infront of those people and the price will just explode!!!!! +1 if you agree with people!
I'm certainly struggling to see any downside to this.
The 'throwing green out the window' argument can be refuted by observing that the miners will be mining whether NEM joins a multipool or not...
April 22, 2014, 03:34:34 PM
i actually had an idea last night... can we get a multipool mining now? i mean launch the multipool now and let it build up the btc until the coin actually launches? the mining power it could draw due to the massive interest in nem would be huge! and plus if btc takes a massive run up again you will see the dificulty of most coins go through the roof again... why not build up some funds up.. if nem wants to drop a bit after launch let it.. then after the drop start buying up with the mined funds..? what you think?
I like this idea as well, it will allow another option for people to acquire NEM besides just buying it in open market... BUt you really need competent guys to be running this who have similar NEM interests aligned. Look at the blackcoinpool, they are doing all sorts of things to attract miners, giveaways etc ...
I don't mind the 10% for the devs, but it would be comforting if there was some sort of gradual lockup period for the first 6 months or so to give outside investors confidence they wont be dumped on, a stigma which NXT has
im a bit behind but here goes.. using a multipool doesnt make nem stop being green.. nem still is.. the multipool would just do the same things as other coins (mine them) but it will do it faster and kill them off before all coins are mined which is actually beneficial.. why let all the other mulitipools suck all the wealth out of the other coins when we can take a nice big slice too? build up a nice large savings of btc to add big big buying presure after launch! its all good good good! theres allot of people in the community that agree too... and allot of miners would get in on this to get cheap coins.. throw in a bonus stake or 2 on top of the earnings to give extra profitablity and youl get mega miners coming.. the miners would actually get the cheapest coins(bar registration people)
imagine the amount of nem that will get bought up if we got people mining and stock pilling btc for months to buy nem at launch!
and loads of people will know about this and try and jump and get cheap coins before the pool buys in and raises the prices and others will try nd get infront of those people and the price will just explode!!!!! +1 if you agree with people!
+1 Im in total agreement.
April 22, 2014, 02:29:55 PM
Is an alpha test by the end of the month a guarantee?
No.
Noone can guarantee anything. Even major companies run into hickups sometimes and have to delay stuff. If that happens to huge companies it can happen to people working on a project in their free time.
I'm not saying there absolutely won't be an alpha. I'm saying shit happens.
Hopefully there will be many miscellaneous and careful tests ... to avoid similar situations like NXT had with forging distribution and its forecasting. (At least a lot of posting could have been avoided
)
April 22, 2014, 01:53:29 PM
Hello Guys!
Could You please say me-When it's going to be auction and how much will cost entering?
Thanks a lot!
Could You please say me-When it's going to be auction and how much will cost entering?
Thanks a lot!
April 22, 2014, 12:11:25 PM
I already removed that subtitle when NEM evolved. NEM took some ideas from Bitcoin, Nxt, XCP etc. but both NIS and NCC are written from scratch.
What do NIS and NCC stand for?
Hello
Here is the explanation:
NIS = NEM Infrastructure Server
NCC = NEM Community Client
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