Topic: VeniVidiVici Coin X11 5 days pow and 20% pos [Innovative multipool ready !!] - page 37. (Read 58236 times)

with a new algo, no big mining rigs will be able to mine it.. a miner must be developed, you can only do solo for the first days.

how can you do it without centralization? if you release the wallet they remove the limit

ah you mean, make a new algo everytime...

it will lead to amazon ec2 , which is the same renting crap

Sure a new algo will only last a certain time, it was the same with X11, X13 etc.

Would love to see that but people will ALWAYS find away around things. When there is money to be made they always find a way!  You can only hope to slow them down

easiest solution:

new algo - no rentals - no fpga's - no asics - no centralization

they said they was monitoring, in fact the diff stayed about the same for the whole pow time, cheating result in a ban of your account

Still about 3 GH/s in the Pool guys, spread the hash and get bigger chunks form smaller pools !

Awesome, unfortunately I'm not a twitter user but I'll drop them an email to show my support.

we've sent them a mail and everyone is tweeting to them , so we wait for them to get back to us
You could help too by retweeting our tweet

I wasn't aware of what they did until now (after you mentioned it).  Had a quick read.

It seems like they did try to centralize it, but how easy would it of been to sign up multiple accounts with different ip's?

I am not saying what Minerals did is 100% the correct way, but the principle of what Minerals did is a step in the right direction.  Unfortunately the coin got hammered by the influential people, so it is facing an uphill battle but it would be interesting to see what happens with it even though the principle has been stepped on by the big players. it would also be interesting to see if VVV rises above the rest or will follow the same pattern. What I can see from the hash rates is that the building blocks are being laid for a typical altcoin pattern. i hope I am wrong because I too have a few coins from rain and the few my measly 20Mhs can bring me in. I would not want to see my 0.1 BTC go to hell after big dumps from the big guys.

Any news on our progress on getting listed on Bittrex yet?

This isn't the Special Olympics were everyone gets a medal. Welcome to capitalism. What do you want next a welfare plan for crypto. Let's make sure everyone gets the same  /facepalm

renting make mining centralized, is bad as hell, what minerals did is superb, fight the centralization with centralization, but offering at least an equal chance to everyone, because field is levelled

Not if you artificially level the playing field with support from the influential people or in some other way. If launches remain free for all, the end result will always be the same with the hopeful bag holders wishing for a MP listing just to find an accelerated decrease in value because the coin has been raped and used by the big miners who has moved on to the next launch. This pattern is bad for the reputation of crypto and needs to be addressed in an acceptable way. Exactly how I don't know. The argument of everybody can rent large farms is the same as saying anyone can rent a private jet to have a nice holiday in the Bahamas. The thing is most miners are small miners with limited means and cannot afford to rent large farms and risk all that money.

What will happen if Golf did not have a handicap system? The same players would always win and the rest would become discouraged and new players will not enter the competitions because what is the use.  We need a handicap system for crypto launches.

Everyone had an equal chance.  It's a persons *choice* to rent miners or not.  It doesn't matter what the algo is.. scrypt, X11 or X13 there will always be large farms waiting to jump on a coin.

As mentioned before, mining a coin at launch is high risk high reward.  Pay to play

Yes it is high risk high reward, but the end result will always be the same if initial distribution is not fair. The high risk takers will get the high reward, at the expense of the people that could not afford to take the high risks and the latter will sit with the bags when the coin dies. It is time that fair distribution methods are adopted in crypto in a form that is acceptable to all, otherwise newcomers and the general public will not want to participate in crypto anymore or get involved because they are too scared to be burned by the big players. In addition, if influential people support measures for fair distribution a coin will succeed. If influential people actively sabotage a coin and discredit fair distribution measures a coin will have an uphill battle, like the coin of a few days back you refer to if we are talking about the same coin.

The rain in IRC is great, but 100 coins will not make a difference, well perhaps it would if the coin price is 200k. I looked in the IRC earlier and felt disgusted by how the members are !balance all the time and cheering for a few coin scraps. What if those small timers could participate in a launch and actually earn 10k coins during mining with their limited resources instead of waiting for a 10 coin rain in an IRC channel. What is happening like exactly with this coin launch is bad for crypto reputation and protection of the majority.

most coins that have launched lately failed. It's just high risk high reward. All new coins get huge amounts of hashrates, even that 0ne coin from some days back. That coin will probably fail, and big hashers and renters will lose their money. With renting rigs, its high risk high reward.

Those that have money will earn more money. The rich will get richer and poor will get poorer. Hashrate limitation in a transparent and acceptable way is the way to go if crypto wants to stay with current algos.

damn that hash went up fast!