Topic: New Coin Launch: Miner's Coin: Nuggets (NUGs) (Read 3117 times)

Thanks didn't think of that .

The coin is launched.  To take a look and maybe you wann try mining it to try and hit the Vlad Golden Block!

Good luck.

Vlad, when you keep making changes to an announcement, you really need to go back to the original post, and edit it with these changes.  Also change the tone, or your killing the coin yourself with your attitude.  

Your a business man.  Treat this like a BUSINESS.  You don't open the door to your new store, and take out an advertisement saying "Anyone that shops here is a f'in idiot".  A business man of all people (Hell even the anti business geeks get it).  You have to try to sell it.  There are piles of coins launched everyday.  Rehashing your old problems isn't helping anyone.  Believe me we gave your coins a chance by voting against your ideas.  If you really wanted a poll, then you should be happy with the results.  If you had your mind set all along, then don't do any polls.

So back to the beginning.  Go to the announcement first post, click edit, and remove "This is a PoS coin with PoW (It's the other way around just so you know), but it's now a PoW Scrypt coin. Don't mention your wanting it to have been an SHA256 coin, and wtf don't mention you wanted it to be killed?   Get rid of the 0% premine, and change to 1% premine with 0.5% going to bounties ect.  Don't keep advertising that premine.  Let it sweep itself under the covers.  Also in the coin announcement, this is when your supposed to be selling the VGB protocol.  Not sometime after it launches.  If you want the people to buy into your coin, and remember it's your invention, time to sell it, or you might have someone else copying the coin and "selling" VGB as his own, since you didn't actually say its yours.  Your betting everything up as you ace in the hole for launch.  But the coin won't take off for I long time, and anyone who hears of you invention won't pay to create their own copy now when they can get it free possibly tomorrow.

As a small miner, I doubt I can afford to mine this at all, since it would mean forgoing either litecoin mining or merged mining bitcoins, devcoins, groupcoins, ixcoins, i0coins, namecoins, coiledcoins and geistgeld.

I actually have two (5870) GPUs, but i get only up to 255 KHash trying to do scrypt compared to 405 MHash doing sha256, so even doing litecoin (due on mtgox any fortnight now) is dubious, I might be better off sticking to the merged coins than putting so many less kilohashes toward an scrypt coin than I can put megahashes toward all the entire gamut of merged sha256 coins all at once.

Maybe if I was a larger miner, one with many more GPUs, I could consider sparing one briefly but since i expect the usual orphanfest that seems likely to be doomed to be a waste so maybe its just as well i am not a large enough miner to have scrypt hashes to throw at this thing.

(Though maybe if it settles down eventually yet is high price in exchanges maybe I could point some CPUs at it via p2pool like I did for litecoin before better things to do with my CPUs came along.)

-MarkM-

That's what happens when you hire a programmer to copy and paste code

And now he's offline...

So this went from inception, to build, to launch in something like 48 hours?

Wtf?

Tempted to just put everything on this one and watch this "amazing protocol" go crazy

Ok, here comes the LAUNCH.


I'm gonna start a new launch thread right now.

get ready and good luck guys, this new VGB thing could throw things off and make a real mess or maybe it will work as intended and make mining way more fun and rewarding especially if you've got a small rig to mine with.

Good and thanks for all your inputs, I tried my best to make this coin exactly as you wanted.

there is a 1% premine but half of that will immediately go toward a block explorer, pool and anything you guys want and I'm feeling like maybe I should just give my .5% away too just cause i'm tired of hearing of so much shit.

But I need to set up my own wallet first so you guys can see those coins and not call me an A-hole lying pumper.  Don't worry, I'll make good on all my promises but you guys need to chill a bit and help me out, this coin can be an awesome coin if you people just try to at least stay positive.

Here it comes:  Nuggets (NUGs)!

So it's launching tonight?

Guess I'll go ahead and hop on for the first 24-48 hours... why not

The ability to merge.

It seems possible that the ability to even be PRIMARY chain in a merge might have been added to bitcoin after litecoin had already forked from bitcoin and that no one has bothered yet to fix the problem of litecoin, and if so thus all its descendants, lacking even ability to be PRIMARY in a merge.

The significance is thus that small miners need not do without their bitcoins, namecoins, ixcoins, i0coins, coiledcoins, groupcoins, devcoins and geistgeld when they choose to also mine some new coin; instead they just add it to their merge, while most big miners turn up their nose and don't bother merging all the coins, thus leaving lots of chains the small miner can merge that the large miners do not bother to merge.

-MarkM-

Unless you set starting difficulty high instamine is going to occur regardless. And if you do set it decently high, instead initial blocks will take ten or a hundred times as long per block than the target due to everyone waiting for everyone else to mine those initial difficult blocks...

However since you are such a fan of merged mining and scrypt doesn't yet have that according to some reports, hopefully you have at least confirmed with your programmer that whichever existing scrypt coin you based yours on can at least act as PRIMARY chain in merged mining, even if you have not had the ability to be a SECONDARY chain added?

some seem to imply litecoin etc might not have even the support for being PRIMARY chain in a merge, since maybe that was added to bitcoin after litecoin had already been created?

if that is so, all the scrypt coins being unable even to be PRIMARY in merges, hopefully you at least have fixed that stupid oversight previous scrypt coins have in them?

(Simply track back in bitcoin's history to find the pull/patch that added ability to be primary chain, and have that applied...)

-MarkM-

I'm just curious about the VGB protocol, that's all  

if this pre-mine thing don't stop, I'll probably launch my own coin too, based on nuggets, 0 % to the dev and no pre-mine. Let's see how the miner community respond  

@Vlad: if your programmer is having a hard time implementing the VGB protocol, then it is most likely your guy is not a seasoned programmer or your VGB protocol is very hard to implement.

Why would you even want sha256 in a coin that's targeted at the "small miner"? Do you understand the significance of that choice?

I have literally begged to let me make a merge SHA256 coin but they went crazy so I went with scrypt.  I personally lov sha256 but now its scrypt so I guess that means less secure networks.  I wish I had know that before.


Coin should launch on the next 1 hour.  It's all done I'm just making sure the VGB protocol doesn't act weird when put into practice and cause something lame like instamine to occur.

http://www.youtube.com/watch?v=3oF25IsGjuc

Betty Nugs

In the next 1 hour.

It's not my intention to appear hounding for the sake of hounding, but I'm honestly curious what anyone sees in this coin. He hasn't talked about the VGB protocol in this thread (and what details he's said in other threads are pure fantasy), so that's a non-factor. Is yet-another-scrypt-litecoin clone that funnels a percentage of money to a certain person really that interesting? What is going on in anyone's head who is interested in this? "I really wish I could mine a coin that gave Vlad a percentage of my profits!" Or is it just "I'm sad I missed the bitcoin launch years ago; this thing has 'coin' in its name and is launching so I'll get rich if I support this!"?

But they don't make a solid secure network for everyone.

Instead they fragment all over the place, making more and more networks each of which is less and less secure.

If they were actually out to make a solid secure network for everyone they would merged mine, so that adding yet another coin/chain would not involve abandoning some already existing chain.

As it is, especially with those websites now that pretend to tell you which coin is "most profitable" to mine, it is all about insecuring all the networks, raping all the chains, and trying to establish a constant heartbeat of pumping and dumping where each coin that goes down in difficulty gets pumped back up so it will take small miners forever to mine each block, so the small miners are stuck making nothing mining the coins they actually are honestly trying to secure and make work properly by mining them even when those websites have trashed them by sending a bunch of gangbangers to drive the difficulty out of the reach of small miners.

If you really wanted to help small miners you should be making sure they each are picking up some of each of the sleeper coins so they can actually make some money like all the small miners who mined BBQcoins for a year with CPUs did, and making sure they know to use merged mining...

-MarkM-

so, when is the time/date of release?
in the first post says it's gonna be tonight. when?  

Small miners make the network secure less than big miners. If you're trying to profit small miners more, then you're not rewarding them for making the network more secure. It's a perverse worthless charity at best instead.

The best scams try to make the people getting scammed think they're getting in on something. That's the miners thinking they're getting the "miners' coin" in this case, when really it's just a distracting show while you get your percentage.