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Topic: [SWAG] Swagcoin | launch delayed | only 10,000 coins! - page 4. (Read 24403 times)

newbie
Activity: 31
Merit: 0
i like the coin
member
Activity: 98
Merit: 10
SWAG, count me in

If this coin is successful I suggest your next coin to be YOLO coin
Damn, you read my mind!
full member
Activity: 148
Merit: 100
Only 10,000 maximum coins? Why not at least 1 million or so?
member
Activity: 67
Merit: 10
I am the snowed one.
Ok, i'll bite. Is the OP releasing the source code and/or setup a pool at launch?

Yes.

Having a pool at launch is a bad idea

And i'll tell you why.

The thing will 50% the network instantly. There'll be forks on launch. You do not want that.

Especially on release, you need the decentralization that solo miners bring.

I'm looking for another pools. Not only one.

Block rewards: 1 coin every 60 blocks (one hour), after block 5000 1 coin every 120 blocks (2 hours)
So, how it will be?
  • Periodical, i.e exactly 59 block without reward followed by 1 block with 1 coin
  • Or random-based, i.e. one block of 60 will have reward on the average?
In first case this coin will be doomed. Sooner or later somebody will implement "merged" mining, enabling enyone to mine any other litecoin-based coin, periodically switching to SwagCoin for finding valuable block.

Random.
full member
Activity: 168
Merit: 100
Block rewards: 1 coin every 60 blocks (one hour), after block 5000 1 coin every 120 blocks (2 hours)
So, how it will be?
  • Periodical, i.e exactly 59 block without reward followed by 1 block with 1 coin
  • Or random-based, i.e. one block of 60 will have reward on the average?
In first case this coin will be doomed. Sooner or later somebody will implement "merged" mining, enabling enyone to mine any other litecoin-based coin, periodically switching to SwagCoin for finding valuable block.
full member
Activity: 140
Merit: 100
I am ready  Roll Eyes
sr. member
Activity: 797
Merit: 251
seems to be another shitcoin
newbie
Activity: 42
Merit: 0
Agree with Boxman90, pool at launch only increases the risk to have a fork as it's likely that one pool will be over 50% of the total hashing power.
Also, I would rework the total numbers a little bit, 10k coins might attract a few noobs but it doesn't change anything. Look at bitcoin with 21 millions and we are talking about changing the unit to mBTC. A coin valued 0.001 BTC when you can mine 1 a day is not worth more than another valued 0.00001 if you can mine hundred times more
hero member
Activity: 518
Merit: 500
Having a pool at launch is a bad idea

And i'll tell you why.

The thing will 50% the network instantly. There'll be forks on launch. You do not want that.

Especially on release, you need the decentralization that solo miners bring.
sr. member
Activity: 406
Merit: 250
Ok, i'll bite. Is the OP releasing the source code and/or setup a pool at launch?

I can confirm that a pool will be ready for the launch at hackshardgaming.net.
full member
Activity: 129
Merit: 100
Ok, i'll bite. Is the OP releasing the source code and/or setup a pool at launch?

Sumbudy didn't read....
sr. member
Activity: 304
Merit: 250
I would consider adding a pool as well. Watching this one to see how it goes.
member
Activity: 70
Merit: 10
many boats missed here, so Im looking forward to it. 
member
Activity: 70
Merit: 10
I had this idea weeks ago.. will wait for launch.
member
Activity: 63
Merit: 10
Across the Universe
Ok, i'll bite. Is the OP releasing the source code and/or setup a pool at launch?
full member
Activity: 126
Merit: 100
1 Coin every x blocks sucks, bigger hashrate pools will only target the blocks with rewards, smaller hashrate pools will only get the 0 reward blocks
hero member
Activity: 551
Merit: 500
What's the point of mining the next 11 blocks after a pay block is found? tx fees aren't going to make it worth it unless they are sky high. For the best payout a miner would just switch to an alt coin for 55 min while the remainder of the network finds the dud blocks.
member
Activity: 67
Merit: 10
I am the snowed one.
I think a maximum of 1 000 000 SWAG would be much better than only 10 000 SWAG.

Well, I was going for max of 1 SWAG and mining 0.000001 per block.
full member
Activity: 238
Merit: 100
I think a maximum of 1 000 000 SWAG would be much better than only 10 000 SWAG.
member
Activity: 67
Merit: 10
I am the snowed one.
Any github up for your coin ?

Will be at http://github.com/swagcoin

tell me the truth: is this shit coin?

Well, if you like eating shit, then yes. This is coin
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