Topic: [OLD][CSC]CasinoCoin ♠ A Digital Currency For The Regulated Online Gaming Sector - page 71. (Read 343078 times)
June 08, 2016, 06:36:03 AM
Ajochems, great job as always! When can we expect the public release?
June 08, 2016, 05:58:04 AM
I made some changes to the wallet info page for the upcoming release, hope you guys like it 
June 08, 2016, 12:58:35 AM
It's nice to see (at least) some activity on AlcurEX in recent days. Let's keep discussion alive here in btct 
BTW AlcurEX new site is finished and they're starting data transfer from old to new site. Here it is: https://alcurex.com
BTW AlcurEX new site is finished and they're starting data transfer from old to new site. Here it is: https://alcurex.com
June 07, 2016, 11:51:49 PM
Asked http://coincap.io/ to add CSC today. Let's see if they do.
June 07, 2016, 05:59:21 PM
Maybe somewhat my fault? I threw 600mh today at it.
I like the sounds of that.
Myself included but I'm sure anyone who mines reads these forums and knows of the prospects for the future!
Is anyone still mining here? I occasionally use my 280x but its just not powerful enough to be worth the stress on it.
This block reward decrease is mostly about eliminating the dilution and providing a 30 year incentive to continue mining. If we were to mint all coins within 3 years, miners would only participate with higher minimum transaction fees. Fees like that could cripple a coin before it gets off the ground.
"To extend the amount of time before relying on fee's to support the network."I like the sounds of that.
Strangely enough we have been almost the entire day at about 2.5 - 3 GHash, .... i can not explain where that comes from at these low CSC market rates???
Myself included but I'm sure anyone who mines reads these forums and knows of the prospects for the future!
Is anyone still mining here? I occasionally use my 280x but its just not powerful enough to be worth the stress on it.
June 07, 2016, 03:19:16 PM
This block reward decrease is mostly about eliminating the dilution and providing a 30 year incentive to continue mining. If we were to mint all coins within 3 years, miners would only participate with higher minimum transaction fees. Fees like that could cripple a coin before it gets off the ground.
"To extend the amount of time before relying on fee's to support the network."I like the sounds of that.
Strangely enough we have been almost the entire day at about 2.5 - 3 GHash, .... i can not explain where that comes from at these low CSC market rates???
Myself included but I'm sure anyone who mines reads these forums and knows of the prospects for the future!
Is anyone still mining here? I occasionally use my 280x but its just not powerful enough to be worth the stress on it.
June 07, 2016, 03:06:13 PM
That does not solve the issue of our relatively low hash rate but will leave that discussion on the table.
Strangely enough we have been almost the entire day at about 2.5 - 3 GHash, .... i can not explain where that comes from at these low CSC market rates??? 
June 07, 2016, 02:24:42 PM
This block reward decrease is mostly about eliminating the dilution and providing a 30 year incentive to continue mining. If we were to mint all coins within 3 years, miners would only participate with higher minimum transaction fees. Fees like that could cripple a coin before it gets off the ground.
There we go...a valid point to reduce the reward. "To extend the amount of time before relying on fee's to support the network." Currently (I don't know what fee's are implemented but I don't think much) if the block reward were to go away there is not enough incentive in fee's (no one is really using this coin in any significant volume) to have anyone continue mining. The coin would basically be dead. It's hard to look ahead 3 years but I would imagine the volume of transactions would not be sufficient to generate enough money for miners in fee's.
So we are proposing to change the reward structure to extend mining out to 30 years. We are not proposing to change the overall supply (again)...just extending the time it takes to get there. I'm cool with that.
That does not solve the issue of our relatively low hash rate but will leave that discussion on the table.
June 07, 2016, 07:07:12 AM
Well ... if we move forward, then carry on the accelerator ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
Ajochems uploaded the current release candidate to https://github.com/casinocoin/casinocoin/tree/development/src
Please take a look and browse the proposed changes thus far
If I understand right, the change is scheduled to 1750000 block, in about 160 days, right? basically at the end of the year ...
I thought you guys were thinking about a change "more immediate", perhaps the middle or end of this month.
even if the block 1.600.000 are between 50 and 60 days, by my calculations ...
the block 1.550.000, about 16 to 20 days would be more appropriate, right ??
June 07, 2016, 06:24:01 AM
Well ... if we move forward, then carry on the accelerator ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
Ajochems uploaded the current release candidate to https://github.com/casinocoin/casinocoin/tree/development/src
Please take a look and browse the proposed changes thus far
If I understand right, the change is scheduled to 1750000 block, in about 160 days, right? basically at the end of the year ...
I thought you guys were thinking about a change "more immediate", perhaps the middle or end of this month.
June 07, 2016, 05:49:44 AM
Well ... if we move forward, then carry on the accelerator ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
Ajochems uploaded the current release candidate to https://github.com/casinocoin/casinocoin/tree/development/src
Please take a look and browse the proposed changes thus far
If I understand right, the change is scheduled to 1750000 block, in about 160 days, right? basically at the end of the year ...
I thought you guys were thinking about a change "more immediate", perhaps the middle or end of this month.
June 07, 2016, 05:37:32 AM
maybe gamingcoins went to propose his idea to the casinino's and they were not interested then?
Latest update few days ago from Gamingcoins:
*** General Update ***
In regards to what we are doing with the Casinos, all is moving ahead as before, we are just waiting for them to be signed off from their side.
Apologies we keep updating the date on casinocoinsites.com, but unfortunately this is all out of our hands.
In regards to SandCoins.com we have received positive feedback for offering a brand that is not gaming focused and have secured deals within this area.
I know we don't give updates but we felt it's only right for those interested.
thanks
GC
In regards to what we are doing with the Casinos, all is moving ahead as before, we are just waiting for them to be signed off from their side.
Apologies we keep updating the date on casinocoinsites.com, but unfortunately this is all out of our hands.
In regards to SandCoins.com we have received positive feedback for offering a brand that is not gaming focused and have secured deals within this area.
I know we don't give updates but we felt it's only right for those interested.
thanks
GC
thanks. I cant wait to travel to the bahamas and spend 100 k B$
June 07, 2016, 05:05:56 AM
I like your project. I will be following it!
June 07, 2016, 04:58:18 AM
maybe gamingcoins went to propose his idea to the casinino's and they were not interested then?
Latest update few days ago from Gamingcoins:
*** General Update ***
In regards to what we are doing with the Casinos, all is moving ahead as before, we are just waiting for them to be signed off from their side.
Apologies we keep updating the date on casinocoinsites.com, but unfortunately this is all out of our hands.
In regards to SandCoins.com we have received positive feedback for offering a brand that is not gaming focused and have secured deals within this area.
I know we don't give updates but we felt it's only right for those interested.
thanks
GC
In regards to what we are doing with the Casinos, all is moving ahead as before, we are just waiting for them to be signed off from their side.
Apologies we keep updating the date on casinocoinsites.com, but unfortunately this is all out of our hands.
In regards to SandCoins.com we have received positive feedback for offering a brand that is not gaming focused and have secured deals within this area.
I know we don't give updates but we felt it's only right for those interested.
thanks
GC
June 07, 2016, 04:29:55 AM
I like your project. I will be following it!
June 07, 2016, 04:13:46 AM
maybe gamingcoins went to propose his idea to the casinino's and they were not interested then?
So whats the next protocol to make this coin big then?
So whats the next protocol to make this coin big then?
June 07, 2016, 03:07:05 AM
Well ... if we move forward, then carry on the accelerator ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
Ajochems uploaded the current release candidate to https://github.com/casinocoin/casinocoin/tree/development/src
Please take a look and browse the proposed changes thus far
June 07, 2016, 02:34:31 AM
Well ... if we move forward, then carry on the accelerator ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
just a thought (in simplistic terms):
Today CSC is valued at about 1 penny (wallet values ...)
Today the network is about 2Ghash
If we reduce the 10CSC to 1CSC (ten times less), then we can also expect the network to reduce 200Mhash (ten times less), right?
When csc = $ 1USD (100 times ) then network also worth 20 ghâsh (100 times)
The obvious question is: is this enough value network ?? a secure network??
If so, send there the new wallet with the changes ...
June 06, 2016, 11:36:11 PM
This block reward decrease is mostly about eliminating the dilution and providing a 30 year incentive to continue mining. If we were to mint all coins within 3 years, miners would only participate with higher minimum transaction fees. Fees like that could cripple a coin before it gets off the ground.
With regard to the number of coins, 38 million coins is likely sufficient to support casinos at this time. Reasonably, we'd like to crack that $150 - 200m market cap level as adoption of CSC grows. If we make it to top 5 I think we should have a good shot at staying there.
With regard to the number of coins, 38 million coins is likely sufficient to support casinos at this time. Reasonably, we'd like to crack that $150 - 200m market cap level as adoption of CSC grows. If we make it to top 5 I think we should have a good shot at staying there.
June 06, 2016, 09:40:24 PM
By reducing the reward to 1 CSC you are immediately and artificially increasing the value for current coin holders...myself included...but is that what we want? In the end unless services start to materialize it wont matter.
It also set's a bad precedence in manipulating the currency....just food for thought. I am not opposed to doing so but lets be clear about what is being done and why.
As a business owner I would be hesitant to utilize a currency that is manipulated in the way CSC has been. It already has gone through at least one changing of the rules on top of a "hostile" takeover so who's to say it wont again. I should probably not speak up as I don't want to spook any potential investors or business plans.
I mean who doesn't want the currency to go up in value? I actually do agree tho, we have already went through a hard fork to address the change in total coins which a direct manipulation of what transcoder setup in the original specs, but we felt it was needed. Did we make the right choice, I think so?
Just hope people see the changes as an attempt to move forward and not an attempt to manipulate the value for only a little amount of time until people cash out.
For example...one could release a client that increases the reward to 100 and provide enough hashing power and nodes to make the change stick. That is the danger of a low hash rate...anyone can come in convinced enough people to agree and cause a fork if they so desired...it's how @casinocoin gained ownership from transcoder....but it is not a problem with just CSC...all coins with a low hashrate are in danger of such a thing.
Very possible, but that person has the hard task of convincing people to actually use their chain, and yes if you look at coinwarz the avg hashrate for scrypt coins is around 1-3gh.
Transcoder also disappeared and I did not want my original investments to disappear along with Casinocoin!
I would say....decide on making whatever changes once and for all. Weigh the benefits of staying with a 30 second blocktime (bloat) vs 60 seconds. Consider whatever diff algo is necessary...figure out if AuxPOW is the way to go to ensure the blockchain is secure with enough hashing power to thwart an attack (it will happen if the coin starts to see real value), decide on the mining reward structure, etc.
We do need to realize that if CSC does really take off AuxPOW will benefit us from attacks, I'm going to create an additional channel over at the Slack to document this update and ensure there is a general consensus on what is being changed.
If you haven't already joined the slack please do so!
https://casinocoin.org/slack
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