Bitcoin Forum

We are developing VMINE and we need your votes.
Update: Limitation hashrate: 15 MH - X11

Here are some info:

Specifications:

No-Premine
No IPO
Algo: X11
Fast block time
POW: 7 days, then POS.
POS Interest: 5%
Mining hashrate is limited. We will pick your votes in 7 days for this limitation. Limitation mean: No big farm, no ASIC, fair distribution.

To make sure hashrate is limited, we will keep VMINE source code closed until the end of POW.
All pools will be operated by us, to make sure nobody has the source, to keep the hashrate limitation. The pools will be located in US and India.

VMINE will hit the first exchange after 3 days from the launch.
Only one exchange available in POW. If you are exchange owner, contact me if you want to list VMINE on your exchange.

reserved.

Isn't that centralization? :(

why x11 ?

All pools will be operated by us

Not good. U can have whatever u want on source and nobody know. Get trusted pool to host this. Look for supernova operator OCMiner. He is hosting for Revo and its working very well.

when this coin launched , i'am old ,

I'm a unicorn.

Thanks

How mining hashrate limited?  
This idea is so cool?
However, you can register a different account :'(

How do we know there won't be major phantom miners on the pool stealing shares if you are the only pool running AND it's closed source....?

Finally! Somebody picked up this great ideea! Limited hasrate is very good for fair distribution, and even better for value, as minerals demonstrated. That is, if you are honest and you do it right. Good luck with this coin, I'll be mining.

It's happening right now

https://bitcointalk.org/index.php?topic=683567.0

OCMiner is hosting limit hash pool. Read the whole thread. U know it works. BUT if this were to be host by the same person who make the coin, i dont think it will work well

Getting a trusted 3rd party to host pool can cross check the code for the community to make sure there is no hidden blocks and huge premine.

I don't think a centralized, closed source approach is the way to go. Besides, it's still not protecting against the massive amount of small rentals.
And if you'll have more than one pools, you can't possibly restrict us not to use all of them at the same time. But if you'll have only one, or all of them will belong to you than the coin will have trust issues.

Interesting!

That is what people tried to say about Minerals and now Revo.  It's not centralization at all, it's limitation for a short period.  Centralization requires that those involved have no say or idea of how things function at it's core level.  PoW ends, source is shown and things go on as any other coin.

Centralization occurs when one entity mints and distributes the currency/coin.  I'm sure you are aware that is not how this works as the minting/mining occurs on the blockchain.

Not trying to be rude but I am sure I shouldn't have to explain these simple concepts to you as you are a veteran around here and I'm pretty fucking sure you know how everything in relation to crypto works.

Supernova has been reported "Low reward - Lost Hashrate" somewhere bitcointalk forum. You can check it yourself.

Anyway, you can join in or just leave it.

watching

I cant vote :'(

Multi pool but one database. We can monitor it to make sure the limitation works.

Multi-pool in multi-location around the world is good for connection speed for everyone, means low reject jobs during mining.

Multi-pool is good against DDoS attack.

They're limiting the approach of other pools, that's what I meant by centralization. All the pools will run from their end.
It's like we just have "X bank" in the entire world.

They will be gathering all mining fees, hash power, people.

No worries, it's a forum after all, we're here to discuss as civilized people :)

VN coin  ;D ;D ;D
Like like ....

Dont worry, we will public all pool-wallet-addresses. You can check pool's payout in block explorer.

Another moron thinks that hash limitation actually keeps distribution fair. Its piss easy to bypass or/and the developer can easily give himself unfair advantage.

+1

Update github: https://github.com/vnnbot/VMINE

Limitation yes, keeps distributioun fair as far as it can.

Hashes limitation coins(all of them are POW+POS):
Min is 1.0 , 50M limitation
RVC is 2.0 , 10M limitation

Then it's you, VMINE , 3.0   , ? M limitation

It's enough, just stop the clone with no new features.

let see!

We need your votes!

No thx.

What keeps you from having more than limited hash power? Oh yeah, Nothing. And then you are going to dump it all on us on bittrex. Nice plan mate, lets see if people will fall for it (they just might).

Like I say. U make your own coin , u host your own pool. Nobody know if u have hidden premine. Nobody know if u mine with no limit. To be fair , pool should be host by trusted 3rd party. U host yourself , u play ur own game

+1

this prevents a big dump by the miners with asics and large farms

Nice! I'm in!

Why close source? It's just for days or weeks or months?

Really interested. I'm agree with hash limitation. I hate when the large farms dumpin coin.

Revo coin has successfully complete limit hashing PoW and pool is hosted by 3rd party. Everyone in the community is very satisfied with the launch.

3rd party pool has help the community to check source code. Also , they make sure limit of hash is enforce. It was a good launch and now revo coin entered PoS

This is the Future! Go Dev!

Dont say 3rd party anymore. Revo? Do you know how many hidden pools out there? Check revo topic.

Revo? Check this https://bitcointalk.org/index.php?topic=683567.msg8004432#msg8004432
Why blocks missing? Hidden pools out there! Also, check nethash to see what is wrong.

There were none hidden pools.. They were POS blocks bro. If you dont trust check Revo block explorer and verify yourself  ;)

its much better then 100500 chinese scam coins.  voted for 10MH. but i cant understand why closed source
 
Dev also make please limite for coins in the one hand. Not more then 0,5 % , if more = distruction :D

I am talking about POW, not POS.

The source has been leched from the group of 5 people who have the source (dev, 3 pool owners, cex).

Hidden pool is unfair at all. It is no limitation.

During pow phase, there were POS blocks too which some people claimed there must be hidden pool mined those blocks but they turn out be POS blocks, not hidden pool or anything like that. I am just pointing out the truth btw.. I been mining Revo whole pow period and i find nothing about hidden pool mining like you claimed.

So if u host the pool. I am sure there are no hidden pool. But I am also sure u will have unlimited hash. Hidden premine.

Also, revo is a coin which u can use as a successful guide. Unless of course if u are into scamming , than u will have to make the coin host your own pool and play the game all by yourself

During PoW on revo coin , community check for any dishonest attempt. In the end , the whole community trust the coin with evidence presented by community and 3rd party pool.

So , tell me if u make the coin host your own pool how can the community do any sort of check ? U play your own game.

Check this plz, from revo dev:



and from yellowduck2:


need more prove?

hey 10Mh/s doesn't make sense on x11 one rig of 750ti is already 16mh/s lol

you want to limit it to one card lmao


you can't understand why it is closed source but you want the limit lel

You have block explorer.
You will have all pool wallet address to check everything.

Then you should vote for higher number. Voting still open.

i mean you should remove 10Mh/s, minimum should be one rig, going below that is stupid

this isn't x15 like revo, x11 card have better hash, 20mh/s is good for this

Ahaha, so you are so serious about trying to prove your point legit hun? You copied some lines from Revo thread and saying want more proof? LOL. I am not saying that discussion didnt happen there, that definitely happened but you didnt bother to read other posts and discussion later on or what? Those comments were posted in Revo thread for sure, you dont need to bring them here to prove me as myself was in Revo thread whole time reading posts and checking facts but that was just a part of community discussion when those POS blocks were mysteriously mined not by hosted pool so people were checking what went wrong. Even there was panic and fud so people moved their rigs to another coin for some time. You can stick to your close source, own pool or whatever you want here i am not here to debate with you. I only thought you ll take the truth thats why only i was commenting here, just to let you know what you said was not true.. I will just simply give up here with you, dont bother posting anymore proofs now for me, i take it as you win ha  :P

And btw if i liked you work i will still mine your coin.. im just a poor miner, looking for good coins to mine here and there. Not a genius programmer like you.. So Good luck  ;)

U are cherry picking. Those were FUD earlier and if u continue reading the whole thread those has been dismissed.

Please provide prove that is more recent. Not from earlier post because it has been dismissed later in the thread.

That been said. Those FUD can only be dismissed if pool is hosted by 3rd party. If u make your own coin , host your own pool and play your own game , nobody can verify anything.

If you can vote in 5 m/S, I'm sure it.One of my 290 is 5m/s of x11. ;D ;D ;D

After minerals, revo, now this, i am in :)

We need more votes!

I think there are enough, launch now with 10 MH

Another FDC  ;D

Its great to see these attempts/successes, especially with all the scams about. The hash limitation is still under great scrutiny whether it fully works with third party pools etc.

Minerals was successful because it stood up to all the FUD and haters, and even then it took a gigantic leap of faith by miners to mine it as the dev ran all the pools himself. It was unique in this world of the coin conveyor belt.

I am certainly not saying this is a scam, I will mine it myself. But as FDC becomes more popular then as with anything else, scams will arrive.

Unsure whether to say this as I love my Min Dev and don't wish to distract him, but maybe there is value asking him to host pools? At least they have proved time and time again that Min wasn't a scam, and like earlier, he ran all the pools himself.

Anyway. I'm In!!! the only decision I have left to make is 10 or 20 Mh  ???

Is this a Revo coin clone via try to limited hash per user? That didn't work too well with Revo, people just made more users to get around that restriction. Plus the dev on Revo isn't active after end of POW and wallet release.

Guys 10 MHs limitation is bit low. Even normal 3gpu rig gets 13MHs now... so 20MHS limitation is OK IMO... really think about it.
I`m in. Looking forward. Dev has at least some age on BT :) not just another new account.
Dev what features the coin will provide?

limited hashrate is good!

Update info:

Website: http://v-coin.net
Forum: VMINE Development http://v-coin.net/viewforum.php?f=57

OP updated.

Very good.I like limit 20Mh  ;D

Voting still open.

watching and voted

X11 means I must off one or two cards if 10Mhs litmited?  :'(

Then please vote for higher limit rate.

Voting still open. Community will decide the limitation.

Is the voting still open?  ???

20mh/s sounds good to me  ;)

i beleive it is,

+1 for 20mh/s limit


:)

Voting still open.

Any bounties for a Spanish translation?

How to vote? newbie can't vote?

I have a 26Mh rig. I would certainly fare better by solo-mining if max-hashrate on pools is set to eg. 10Mh? Or is that not possible?

each miner on the pool will have a max hashrate, the overall pool not so much  ;D

I like the concept but it's prolly not that hard to get around

Watching
Dev, what about the pool? Do you need to make an own pool to achieve the limited hash?

What is your plan to avoid miners to set up multi accounts? e.g. one can use different email addresses set up different accounts for their rent-rigs which will have different IPs. When I mine Revocoin, I noticed someone setup username "WCA, WCB ..... WCY, WCZ" from two different pools. I would say that one miner has total 52 accounts which give him/her 10MHz x 52 hash rate.

Yes, we do need to manage all pools to make sure people cannot break the limitation. Because we can compare all pools' database to detect the duplicate or something unusual.


We will block all rental services' proxy. Dont worry!

No rental hash above the limit! This is a man's word! I like it! Go. Dev!!!

Hi!
How do I vote?
I think 10mH/s is the most reasonable option.
Good luck with your coin.
I'll mine it!

+1 for 20Mh/s limit  ;)

why? if u manage the pool, then u can limite the hash for user. i usually rent rig because i have not an own rig. i d like to rent 20 mh rig. what s the problem?

vote 20M VMINE of VN

I`ve voted 50, but 20MHs is better IMO

I vote 10MH

One day left to pick our voting.

Hashrate limitation: 15MH, X11 algo.

good

how many pool in total ?

can i rent 100 x 15 mh rig to mine this ?

How are u going to enforce 1 person 15 mh limit when people can rent hundreds of rig with 15 mh.

We can make sure that no one can break the limitation. You can try it yourself.

Ok. Waiting for launch

It means that network hashrate or personal hashrate is limited ? How much PoW will last?

Personal hashrate will be limited to 15Mh.

other MIN???

waiting...

:( I have ~18MH with 8x HD7850. Must use two different pools.

Vote for 20MHS

Hash limitation sounds greattttt

They keep the source code and mining pool to make you can break the limits by using another pool

Which pool ?

Why OP looks so thin!?

Just wait man. We are collecting people attention.

Use only 1 or max 2 controllated pool, because yesterday , limicoin launched with a limited of 20 mhs/people and in many pool more people used over 150 mhs

That's an intersting question. Maybe you can limit the hashrate per miner and per IP, but farms can have hundreds of different IPs and therefore different miners. All coins will still go to the same person/farm as if they mined with 100 MHash or 1 Ghash.

How do you proof there is only 1 15MHash miner per person/farm connected?

Well, it will be interesting to see if X11 coin with limited hash can avoid multipools... LIMI is doing it pretty well, but it's X15... So, you never know...

No pools at all will be better..

nice logo

normally i would agree but not this time. OC miner has done more shit for free for the community than any pool owner out there, cut the dude some slack.

how many pool brother?

i'm in  ;D

 me too +1

i'm out  ;D

its better to delay the launch until LIMI pow end ....

launch time in GMT?

20mh - pls my miner is even better than that.

Pools ?

15mh for x11 very low.make it 20mh

launch in four hours, where is pools?

launch in four hours, where is dev?

total? ???

where are the pools ???????????

2:27 min. to launch.. pool?  ???

we need pools!!

Please check the OP!

Dude, who do you think wanted a delay? :D

alot of ppls, who do you think will left LimiCoin now, to mine vminecoin ???????????????? They are same coins.

LIMI mining is almost over for the small miner. In a few blocks the reward halves, and after block 8000 till the end of POW (block 10000) is open for big miners.

Yay!!!

What a bullshit, seriously! I'm sure not a single person requested a launch delay!

To register in the pool require wallet. Where is he?

Dev show us the requests!!!

WTF, I've been waiting so long. And now, delayed because a lot of people requests. Dev give us the requests!! I can't believe there someone want to delay The launching

Delay one week, OK

And how do you stop people from making many accounts? Or don't you really worry about as long as you eliminate the large farms.

You need to get a dl for the wallet out 1st if we cant make a mining acct without it!
hope you get it together before next week!

what is the total number of coins to be on the network

when is the launch?

When is the launch?  Is there a new countdown?

 ;)looks too long time not luanch..

When is the new launch????

launch soon? a count down would be nice.

Probably the same dev as revo and limi... im not touching this one

fail launch or just another delay?

It would never launch.
They're just shitting around.

too bad