Topic: [OLD][CSC]CasinoCoin ♠ A Digital Currency For The Regulated Online Gaming Sector - page 197. (Read 343080 times)
June 08, 2014, 08:21:32 PM
Did you guys notice our resident whale removed his entire buy order at 320 Satoshi?
So I think his primary objective was to put a floor under CSC which he did accomplish while also accumulating [by my rough calculations] ~1.5 million CasinoCoins.
It's good to know somebody [with deep pockets] cares that much about keeping CSC's price up beyond a certain level.
June 08, 2014, 08:18:27 PM
Question for the devs here:
Have you guys ever hit up the CEOs of companies like ZYNGA and other online gaming and gambling sites, like FullTilt Poker?
They may not go for it but it's well worth a try. I've hit up every billionaire I could find to get them onboard with iXcoin and I eventually got CEX to join. That's one of the biggest players in "Cryptlantis".
If you guys have not and you're not comfortable doing something like that then let me know, I'm shameless in approaching those types of people if I truly believe in the product and I really do believe CasinoCoin has all the necessary components to be a leading Crypto Currency in the booming Online gaming and gambling industry.
I firmly believe that niche coins, like CasinoCoin, should really gain traction in the coming 1-2 years and right now most big players know very little about the potential of owning your own gaming currency so this is why banging on Billionaire doors could prove fruitful.
June 08, 2014, 08:11:54 PM
Ok. 4 weeks sounds reasonable. I'll confirm with casinocoin if he thinks this timeline would work. Tentatively, I'll get everything ready for first week of July. Hopefully, this gives everyone time to prepare.
I think that's great.
It should [hopefully] coincide with the next Bitcoin boom. Particularly when Bitcoin surpasses ~$1200.
That's when I expect millions of fresh dollars from new investors and Bitcoin profits to flush the alt-coin market and if CasinoCoin has a new website, new updates, new [much lower] Max Coin Cap and lower subsidies [lower inflation] it could really create a Perfect Storm for CasinoCoin.
The name itself will at least bring investors in to take a deeper look. I know stock investors well and a large max cap is very dilutive to these kinds of people and they run away from such stocks or coins.
So the CasinoCoin name is our hook and then all of these great updates should do the rest of job.
Let's make sure we post the new MUCH lower max cap PROMINENTLY in the OP, so people who once thought CasinoCoin was gonna have 336 million coins, now clearly see it's gonna be a much lower amount AND a lower subsidy [LOWER Inflation] as well.
You guys did a great job on this, I really believe CasinoCoin is gonna rock later this summer.
June 08, 2014, 06:02:49 PM
Ok. 4 weeks sounds reasonable. I'll confirm with casinocoin if he thinks this timeline would work. Tentatively, I'll get everything ready for first week of July. Hopefully, this gives everyone time to prepare.
June 08, 2014, 09:22:30 AM
is there any issues with the wallet sync?
wallet isnt syncing "No block source available"
wallet isnt syncing "No block source available"
June 08, 2014, 04:50:55 AM
We need more good PPNS pools for this coin. I'm mining at bitraise.me though my miners seem to stop recieving shares after a while requiring a restart which is annoying. There's quite a few P2Pools but not many regular stratum pools.
You can mine at www.hasher then. It's PROP based and NOT p2pool, but really you shouldn't compare the two like that. PPLNS is a reward system, and p2pool is completely different.
Cheers!
June 08, 2014, 03:15:16 AM
I'm mining at bitraise.me though my miners seem to stop recieving shares after a while requiring a restart which is annoying.
Have any idea what may cause this? Always looking for improvements for my miningpool bitraise.me.
June 08, 2014, 02:24:31 AM
We need more good PPNS pools for this coin. I'm mining at bitraise.me though my miners seem to stop recieving shares after a while requiring a restart which is annoying. There's quite a few P2Pools but not many regular stratum pools.
June 07, 2014, 07:42:58 PM
I like the idea, but i think maybe a little premature to do in 2 weeks, there are still a lot of pools listed on the website that are not working, or mining, and you are still unable to withdraw or deposit CSC on cryptsy, personally I think some of that needs to be fixed soon, before another fork, or the community will suffer anyway, why 3:1 and not 4:1? just wondering? I think 2 years is too fast as well, the chain is not that secure due to lack of people digging...but what do I know.. i'm just a dumb ol' miner
I think we'll see more hashing power very soon. ASICs will be hitting pretty hard this summer.
Cryptsy has always had wallet problems of one sort or another. They usually get these things sorted pretty quickly.
As for the 40 mil, we can certainly stretch this out, but again we're talking about instituting some pretty immediate and drastic cuts in the block reward to do so.
Does 4 weeks seem workable or should we go longer? We just need to keep in mind that at the present rate, we're creating 144000 new coins per day. Roughly 4.3 million new coins per month.
Slowing down the reward will help the price. Too many miners dumping all they can right now to buy Bitcoin. So I would expect a price increase with a lower subsidy.
June 07, 2014, 03:02:10 PM
well they were actually pretty quick to respond.. maybe an hour or so...but they didnt really tell me anything.. hope I can get what i have left there...
**********
Thank you for contacting Cryptsy. I am happy to assist.
My apologies for the inconvenience. Our CSC wallet is still under maintenance.
Please bear with us, there is no turn around time as to when this will go back
online but once it does all transactions will resume.
Please feel welcome to connect if you need further assistance. Thank you
and have a great day!
Sincerely,
Leah
Cryptsy Team Leader
**********
Thank you for contacting Cryptsy. I am happy to assist.
My apologies for the inconvenience. Our CSC wallet is still under maintenance.
Please bear with us, there is no turn around time as to when this will go back
online but once it does all transactions will resume.
Please feel welcome to connect if you need further assistance. Thank you
and have a great day!
Sincerely,
Leah
Cryptsy Team Leader
June 07, 2014, 09:16:20 AM
4 weeks good with me, and hopefully some of those other problems will works themselves out by then
June 07, 2014, 08:05:40 AM
we would love to accept this.
As we accept dozens of other cyrptocoins.
Cheers,
Ritz Grand Casino
As we accept dozens of other cyrptocoins.
Cheers,
Ritz Grand Casino
June 07, 2014, 03:49:47 AM
4 weaks seems like more than enough.
June 07, 2014, 01:55:56 AM
I like the idea, but i think maybe a little premature to do in 2 weeks, there are still a lot of pools listed on the website that are not working, or mining, and you are still unable to withdraw or deposit CSC on cryptsy, personally I think some of that needs to be fixed soon, before another fork, or the community will suffer anyway, why 3:1 and not 4:1? just wondering? I think 2 years is too fast as well, the chain is not that secure due to lack of people digging...but what do I know.. i'm just a dumb ol' miner
I think we'll see more hashing power very soon. ASICs will be hitting pretty hard this summer.
Cryptsy has always had wallet problems of one sort or another. They usually get these things sorted pretty quickly.
As for the 40 mil, we can certainly stretch this out, but again we're talking about instituting some pretty immediate and drastic cuts in the block reward to do so.
Does 4 weeks seem workable or should we go longer? We just need to keep in mind that at the present rate, we're creating 144000 new coins per day. Roughly 4.3 million new coins per month.
June 07, 2014, 01:49:50 AM
Do you wanna mint some 40 million coins in just 2 years? That's really high inflation which will keep a lot of downward pressure on the price.
And this inflation would be a huge sudden acceleration from today's inflation rate. That would be a big sudden negative.
And what about securing the network, in 2 years what's the plan, PoS? PoS does not secure a coin as well as PoW.
Personally i would set it up a bit more gradual, give it closer to 5 years [or more] to fully mint. That way people can mine Casino but they'll also have to buy it if they want it in larger quantities, and it would alleviate some of the selling pressure while also giving CSC more time to be secured by a PoW network which will grow much larger [and Thus, more secure] in the next few years due to ASICS.
I'm cool with whatever you guys decide but that's my 2 cents.
Regards.
We could slow it down. However, we'd need to cut the block reward more aggressively. Here is the specs if we were to drop the block reward to a permanent 10 CSC per block. This would cut the new coins minted to approximately 5 million/year and it would take 4 years to get to 63 million. Does this seem more reasonable?
Code:
Year Height Reward Coins
0.0 0 50 0
0.5 525600 10 26280000
1.0 1051200 10 31536000
1.5 1576800 10 36792000
2.0 2102400 10 42048000
2.5 2628000 10 47304000
3.0 3153600 10 52560000
3.5 3679200 10 57816000
4.0 4204800 0 63000000
4.5 4730400 0 63000000
5.0 5256000 0 63000000
June 07, 2014, 12:53:47 AM
I like the idea, but i think maybe a little premature to do in 2 weeks, there are still a lot of pools listed on the website that are not working, or mining, and you are still unable to withdraw or deposit CSC on cryptsy, personally I think some of that needs to be fixed soon, before another fork, or the community will suffer anyway, why 3:1 and not 4:1? just wondering? I think 2 years is too fast as well, the chain is not that secure due to lack of people digging...but what do I know.. im just a dumb ol' miner
June 07, 2014, 12:48:46 AM
Do you wanna mint some 40 million coins in just 2 years? That's really high inflation which will keep a lot of downward pressure on the price.
And this inflation would be a huge sudden acceleration from today's inflation rate. That would be a big sudden negative.
And what about securing the network, in 2 years what's the plan, PoS? PoS does not secure a coin as well as PoW.
Personally i would set it up a bit more gradual, give it closer to 5 years [or more] to fully mint. That way people can mine Casino but they'll also have to buy it if they want it in larger quantities, and it would alleviate some of the selling pressure while also giving CSC more time to be secured by a PoW network which will grow much larger [and Thus, more secure] in the next few years due to ASICS.
I'm cool with whatever you guys decide but that's my 2 cents.
Regards.
June 06, 2014, 10:24:26 PM
Ok So I was looking at the numbers this morning and here's the tentative plan with regard to the changes that we'll put into the next release:
1.) Reduction in the total number of coins from 336 million to 63 million - This puts us 3:1 with Bitcoin, so it keeps the math easy for people.
2.) acceleration of block halving - Given that we&ve already minted 22 million coins, I'm thinking that we should cut this to 25 somewhere around block 500k and then further half the block reward every 1051200 (1 year) following this until we hit the cap of 63 million coins.
This should mean that all casinocoin are are minted within a little over two more years with the money supply effectively doubling in the next year.
Mind you that these are rough numbers. 500k block height is actually slightly less than 25 million coins. Ok, so this is what I'm thinking to implement. If anyone wants to weigh in on this, please give comments, offer suggestions, or tell me why we shouldn't do this. If general consensus is that we will go ahead with these changes, then I'll bang them out and we can coordinate the next release for maybe 2 -3 weeks out to give everyone time to get ready.
So, everyone - tell me what you think.
1.) Reduction in the total number of coins from 336 million to 63 million - This puts us 3:1 with Bitcoin, so it keeps the math easy for people.
2.) acceleration of block halving - Given that we&ve already minted 22 million coins, I'm thinking that we should cut this to 25 somewhere around block 500k and then further half the block reward every 1051200 (1 year) following this until we hit the cap of 63 million coins.
This should mean that all casinocoin are are minted within a little over two more years with the money supply effectively doubling in the next year.
Code:
Year Height Reward Coins
0 0 50 25000000
1 500000 25 51280000
2 1551200 12.5 63000000
3 2602400 0 63000000
4 3653600 0 63000000
5 4704800 0 63000000
Mind you that these are rough numbers. 500k block height is actually slightly less than 25 million coins. Ok, so this is what I'm thinking to implement. If anyone wants to weigh in on this, please give comments, offer suggestions, or tell me why we shouldn't do this. If general consensus is that we will go ahead with these changes, then I'll bang them out and we can coordinate the next release for maybe 2 -3 weeks out to give everyone time to get ready.
So, everyone - tell me what you think.
June 06, 2014, 07:26:26 PM
Found a pool on the wrong chain:
http://162.243.63.239:8840/static/
It currently has one miner at about 400 Kh/s: CPUKNhdSWewRHUC36cYcRj533aVczX1ank
...but has gone over 1Mh/s at times.
Have messaged the admin.
http://162.243.63.239:8840/static/
It currently has one miner at about 400 Kh/s: CPUKNhdSWewRHUC36cYcRj533aVczX1ank
...but has gone over 1Mh/s at times.
Have messaged the admin.
June 06, 2014, 07:18:09 PM
Someone should look into this:
Quote
Our affiliate program is open.
It's Just like having your own casino without the overheads!
No outlays, No headaches.
You just send the players and you make 25% on the casinos profit.
You can even use your own templates with our back end.
Some affiliates are already making a lot more with this then they did with our signature program.
Read more about it here:
https://www.ritzgrandcasino.com/affiliates.php
It's Just like having your own casino without the overheads!
No outlays, No headaches.
You just send the players and you make 25% on the casinos profit.
You can even use your own templates with our back end.
Some affiliates are already making a lot more with this then they did with our signature program.
Read more about it here:
https://www.ritzgrandcasino.com/affiliates.php
Jump to: