Topic: The Official PandaCoin thread! [PND][Scrypt][KGW][0% PREMINE] - page 7. (Read 189932 times)

Good news but please update OP page also.

Version 1.5.4 has been released. This update is mandatory.

"As a temporary solution to fight the continuous dumpfests currently choking the market I'll reduce block reward to 50k coins per block (static) effective after block 63500 has been reached."

MEGA:

win32 - https://mega.co.nz/#!kR4xwKAR!r4U7jmU9phZI9ekIPTv-RNqG_1RxCZc3gnFWslEsFvQ

osx - https://mega.co.nz/#!RMJXWQCZ!SoICiYQZ53wynwn2rZ1jqBbfkjRxsXQu7NSqYbu9udI

src - https://mega.co.nz/#!UYRQUKTQ!7S2YeNqJttLMbh8bHLr0-K0OrBaxV2Xs8OOJJ_z3PmM

uploaded:

win32 - http://ul.to/m9ws4yhd

osx - http://ul.to/uu4fxpqf

src - http://ul.to/vra4z4qr

Most people here are pnd bagholders, no wonder everyone wants pos, and that's totally fine if the current pnd community is sufficient to sustain the market. But it's not, we need new adopters, and most importantly, we need merchants to give pnd real value.

I agree a lowered block reward and slower block would help cut the dumpers and maybe stabilize the market. That's a good thing. Less dumpers + constant buy pressure from the multipool is gonna be amazing.

Then we need a rebrand to move past the whole wolong thing and figure out what can set us apart, I mean, if I already use doge, what does pnd offer that doge doesn't?? We need to be able to offer something unique.  Getting on moolah would be important too.

We can do this guys!

I like the POS idea myself, having been a PND miner and buyer and supporter from the launch.

Some exchange thoughts.. looks like the multi-pool might be having a price lifting effect been mining with it http://multi.pandapool.info/
Buying more even as they rise up from from their temporary bargain prices

Added PandaCoin PND to the voting list and afew votes will move it right up since this is a new exchange. I pasted in their blurb FYI, I am not connected to them.
https://www.swaphole.com/

Why another exchange?
We are not your usual hobby programmer hiring some people to make a "secure" exchange. We are a company of trained professionals, based in Austria.
We guarantee a level of security a single individual would not be able to.
But yet, there are various reasons why we focused our resources on this crypto exchange:

Security!*
The design is simple, not dark and also not too colorful. It was made to provide a neutral environment for maximum usability.
Multiple order options including (but not limited to): Fill-or-Kill, Immediate-or-Cancel and Iceberg - multiple order types can be applied!
Market and Limit orders (as you may know from Forex)
A variety of Charts to reduce the time required for monitoring and watching to a bare minimum.
Charts scale with the browser window-size for maximum screen-efficiency and maintaing a balanced layout.
No personal data is being logged, because to us your privacy is as important as your security.
The project is based on highly scalable software and frameworks, to ensure the qualtiy of service even with increasing user counts.
We'll provide the world's first crypto currency index!
High volume traders benefit from our VIP Account program


* The main focus of this service is the provided security. A lot of effort went into planing and testing the application, to guarantee the much-needed security. All communications between you and the servers are encrypted.
A unique but yet fast withdrawal process secures your assets way more efficient than email confirmations, making this technique obsolete.

What about the name?
Swaphole is a one-of-a-kind service, we simply do not want to be your next best exchange, and the name simply reflects that fact.

Still unsure?

You can contact us here:
[email protected]

Feel free to ask any questions in the main thread (https://bitcointalksearch.org/topic/exchange-swapholecom-trailing-stop-2fa-live-cryptsy-trades-graph-530080)

Supported coins (as of 28.03.2014)
Bitcoin
Litecoin
Cryptographic Anomaly
Dogecoin
Cryptogenic Bullion
AuroraCoin
Vertcoin
Darkcoin
MazaCoin
BlackCoin
BlitzCoin

Your favorite coin is not listed? Keep up voting!

I disagree man... Look at the current price... look at the current mining diff. If this is announced.. like 1 or 2 weeks before the POS funtion will start off... people get more then enough time for mining easy/ buying cheap

Yes there are some big bag holders... I got 20mil myself about this time... But youll get that with big hashing whales too when you launch a new pos coin.. so doesnt make any big difference in my opinion

'

Maybe will be good change block time too. Like slothcoin changed block time from 1 minute to 2.5 minute to prevent miners dumping coins all time at 1 satoshi.

I agree with that. PoS is unfair to the later comers. Richers get richer.

An ideal coin would be the one which has fixed or predictable inflation, so the hoarders will have value reduced slightly every year. New comers can get it through mining.

The issue with PoS is the fact that not only centralizes power (the people who have more get more), but it doesn't allow new players to enter the market in an easy way, since the only way is to buy the coins from another holder, so it's definitely not a solution, long or short term.

The future for PND is PoS, its biggest problem are not rewards or attacks, its the missing buy support. Also I truely believe, that the time of PoW-coins is over, its just too easy to exploit them with multipools - and there will always be a multipool as soon as some PoW is just profitable, no matter how. Scrypt-N might stop some dumpings for a short time but on a longer perspective, coins need to become PoS to stop multipool raping and dumping it.

ScryptN is definitely not the future, because it's counter is basically just "put upgradable RAM in the ASICs", AND there have already been multiple reports if it burning out GPUs.
The future is X11, which has neither of these issues, is ASIC resistant, has much lower heat, power consumption and wear/tear on the GPUs.
X11+DGW is the perfect combo to keep a coin healthy, away from multipools, huge farms and heavy dumpers.
If it starts being a real problem, a CGA-style reward can be implemented, while the total block reward is divided by the current difficulty (example: 500000/20=25000), thus discouraging the network from getting too big and keeping the farms/multipools out.

The reason why PND is dumped in the market is that it is profitable to do so with current hashing rate and difficulty level. If you reduce the block reward to 50k, then the hashing rate will reduce accordingly, it will be dumped again. It is in vicious cycle. You may not be able to increase the price by reducing the reward. Dodge is an example. The reward halved, the price was the same as difficulty halved.

Too low hashing rate will make the PND network vulnerable due to very low hashing rate. With 250k reward, the hashing rate is 100MH/s, If you reduce it to 50k, the hash rate could be 20MH/s. It is very dangerous.

So I would suggest keeping the current reward halving schedule. That was known from the beginning and we mine PND because of that.

Making it fixed reward is a good idea. But please give us long warning time.

You may also change it to scrypt-N. But that is too similar to PANDA. I think the future of PND is in scrypt-N. SpainCoin has been changed smoothly to scrypt-N. This could be done on block 100k or later, giving us long enough warning.

The depressing of the price is due to little use of PND.

I would like to avoid switching algorithm. This will be experimental anyway until we have a better solution.

a ture coin,but late to let people accept!

What about you just move the coin to X11+DGW, which will cut out most of the dumpers without damaging the aficionados in any way (since it takes like 5 minutes tops to setup sgminer-sph)?

SHIT  shit  shhhh

As a temporary solution to fight the continuous dumpfests currently choking the market I'll reduce block reward to 50k coins per block (static) effective after block 63500 has been reached.

This will allow for some time to consider next steps regarding either PoS or planned out static rewards. Opinions on the issue are welcome.

The code and wallet updates will be pushed in a few hours.

   I don't care if you don't feel sorry it doesn't affect me but maybe some other less fortunate people who got scammed by these scum it would.
  
   I'm just stating facts, please learn English before you comment (you call other people retards in previous posts of yours yet your grammar and spelling is very basic) it could be misleading when people don't understand you properly !

Good to see new miners there. I see new impovements on multipool like doge support, profit calculation. But most important thing for me is hash growing.

me too, at least trying it

somehow...i didn`t feel sorry about that....