Topic: █ █ [NUT] NutCoin █ █ Season 01 Episode 04 █ █ - page 111. (Read 340961 times)

No problem~ thanks for possibly making me well off in life XD

Nut hash increasing again~ 60Mhash nice.

Thanks for your support!

^After seeing a fail dump on another coin I'd say this is still the most viable out of the new coins XD

I'm still mining nut don't mind if it takes long this is passive income anyways. Lead the way bro you still have some followers basing on the pool 

There two kind of business: geek business, and real life business.

NutCoin is just the technology, it's just the beginning, and it's only 5% of what is coming.
I'm trying to keep a low profile but some guys on that forum knows my identity, what I've done so far, and what I'm capable of.

Stay tuned and continue to mine, I'll post news as soon as possible :-)

"Regard your soldiers as your children, and they will follow you into the deepest valleys; look on them as your own beloved sons, and they will stand by you even unto death"

I don't really think anyone would pay it right now at nutlaw price. But it's bound to get a price eventually.

I'm not looking for easy cash either although getting some small $ from exchanges wouldn't hurt either??

I'm a crappy smalltime miner I haven't even reached my millionth nut lol. I'm not really expecting nut to go as wild as doge went either just hoping it does get a value just enough for me to get a so-so mining rig 

It's a catch-22 then really because I don't see merchants wanting to accept it as a form of payment without it being a long established presence on the exchanges.

In fact, exchange is exactly what we do not need for now.
Maybe the best is a coin's value dictated by what we see in media, and bitcoin related news and articles?

Good news --> BTC's value multiplied.
Bad news --> BTC's value goes down.

Is this what people call a sure and stable currency?
I do not think so.

China's talking about bitcoin? hop, price divided by 3 in a few hours.
Overstock is accepting bitcoin? price is jumping ...

Nutlaw is nothing more and nothing less than a guide, an average recommended value over the years so the system stays at the equilibrium.
It is based on several parameters like electricity costs, number of coins, difficulty, number of nodes etc .. and the potential value to buy goods and services, and food.

What we do not want for a currency is a value around $1000, or around $0.00001, because in the real life, it's difficult to deal with a currency to buy a dozen eggs for 0.00456 BTC.
Nutcoin was designed to be an easy to use and simple currency, pretty close to the dollar's value, so you can buy a dozen eggs for 4.5 nut.

Nutlaw will never be a reality until we can buy real things with NutCoin, and merchants start accepting it (and it will take time)
This is what I'm committed to do in the next few years, so hold your coins and forget about online exchanges, easy money, and other craps that will kill all "altcoins", one day or another.

If you want fast and easy money, try the other 250 altcoins.

Net hashrate dropping. People given up on this coin then?

That nutlaw means absolutely nothing if you cannot get to an exchange.  If you try to sell your Nutcoin to other people at nutlaw price, you'll be laughed at.

http://www.nutcoin.com/

Nut is growing. According to nutlaw we're near a price of 0.0005 per nut. I saw its growth I think with the current speed (which is still growing slowly but surely) we might hit a nutlaw of 0.001 before january ends.

Also a few posts above there is a link to giveaways if I'm not mistaken.

Nothing new in this thread?    I dont know what doing, minig this coin or shutdown worker.

Could someone create a faucet, I give a 10k NUTS and put 5k on it.

I did coined up request.

please request the coin to be added to coinedup! 

400 000 000 coins milestone!

freenode.net

#nutcoin channel

i must admit im not much into IRC where are you guys at? How do i get there?

Did you read my ideas? Yes we need services but services are much more difficult to establish quality ones.  Generally to get anything good you need to pay with a coin thats already on exchange (BTC LTC etc.).  Otherwise the risk is too high for the service.  Right now we need more ground support and pools to expand the difficulty/foundation to reach nutlaw.  This is what will attract the services.  we need to do both really.

Yes we def need services of some sort.  I just have no idea where to look for them.  My idea for the pools is to help expand to new countries by offering very large bounties to new pool owners in new countries with 10 or more miners for 1 week or longer.  and large bounties to new pool owners in general that do the same 10 miners for a week or longer.  This will give the pool owner reason to help promote nut and possibly give us new foundations in new countries. 

The actual giveaways would be to new miners that post screenshots of there first deposit from mining nutcoin.  This means they must mine nutcoin to get the bonus and they must be a new user and have 1 single deposit (or 2 maybe if they just started).  Also must show pool in background with hashrate aswell maybe?  just to show everyone how much each new person is putting towards nutcoin and why they should keep it going and jump on.

This deters old users looking for freebies and atleast establishes new miners.  Once youve dedicated enough time for a deposit you generally want to stick it out for a bit to see where it goes.  This will establish a good baseline of people.

Having 2 different giveaways for nutcoin is a great thing.  Just need people funding both .  Hopefully we have that coming in now and you and i can both help expand nutcoin to the max.

dmfree88,

We already have a 1,000,000 NUT giveaway in progress, why not donate to existing giveaway? We already have a larger pool than the proposed bounties (I've put up over 1 million so far) so there is no need to wait until funds reach a certain level to begin promoting.

I'm looking for more creative ideas on how to utilize giveaway coins.

Also, regarding the proposed bounties:

Promoting games, goods and services are far more important than new mining pools. A bounty that size would be better spent on websites accepting NUT as payment for goods or services. It is a large risk for someone to begin accepting a new coin as a form of payment, even for small items, but it is something that is required for any coin to move beyond just trading on an exchange.

Bring your OC.net friends to IRC and let's work on a plan together.