Where did all these hashes come from???

If you are hashing and your pool has no mandatory fee, make sure you donate!!

If you are one of the new people at http://ebt.crypto-pool.fr, then welcome and set up a donation ASAP. I'm not the operator, but they have kept the pool open during some very lean weeks.

In terms of profitability, on paper it is just as profitable to mine EBT as it is to mine Mint, if not more so. The only difference is that the mintpal exchange works very well so Mint coin trades with a volume that allows for a lot of liquidity (i.e., you are practically guaranteed a buyer or seller for any quantity at the market rate).

As a corollary, good luck on buying significant amounts of EBT. One medium-sized purchase will send the prices very far northward.

Got it! Thanks!

Here's my tweet status: https://twitter.com/coinoleum/status/436714858000576512

I'm just saying that people put too much focus on the premine. If a coin is good, then the community can support it without the original developers. If they are pump and dumpers, then they will dump early and it won't have a long term effect on the value.

Also, they developed the coin and made a premine. What they do with the premine is their prerogative. That's the free market. People mined knowing the stats and took a chance. This coin happened to become valuable, so now everyone is worried about the premine. If the developers already rewarded themselves for starting this coin, then good for them. But if so, they probably dumped too soon.

1% isn't much to be transparent about.

I'd rather see a client update.

[edit]

Plenty of people have mined nearly 1% of worthless coins. They only complain about premines of valuable coins, instead of just being happy about the value. What the devs do with the premine has much less to do with the value of a coin than the hashes it draws.

The latter could be greatly improved for 42 with a client update.
 

Who cares about the premine? All this coin needs is KGW implemented.

What do these people mean by "getting out" of a coin? Are they going to dump?

It would be pretty naive to dump at this point. You have to look at market fundamentals, and I mean BASICS...which I'm not going to go into.

I should make another 2 week time capsule and store the hashes in the BEER blockchain again, for fun.

These innumerable discussion board rants by bitcoin investors are undoubtedly a consequence of a misguided belief that altcoins somehow hurt the value of bitcoin.

This notion is wrong. Here's why: To buy an altcoin, altcoin investors generally need to acquire bitcoin first. Every new altcoin is thus a new product that can be bought with bitcoin, increasing its demand.

In conclusion, your premise is stupid. Your arguments are not valid. And your rant is counterproductive to your own interests.

I didn't read your analysis, but I assure you it is wrong.

Just like money has no "intrinsic value", coins have no "intrinsic badness" or "intrinsic goodness".

Your premise is stupid.

I'm not mining mint, but I am following it closely. I should say that there is something wrong. It's probably not the wallet because the p2p code is the same as for most other coins (although I haven't looked at Mint's code yet). But when I give the client the full list of nodes in MintCoin.conf, it can't connect to any. It finally connects to a pool in China and can sink from there.

I think that this set of symptoms can only come from two sources:

1. DDOS attack, where the conf nodes listed in the topic post are specifically targeted.
2. Everyone has the same conf file copied from the topic post and all of the nodes in the list are maxed out (i.e. maxconnections=100). It then takes the client some time to stumble on working peers.

In my experience, Mint's behavior in syncing is just barely better than dying coins, so it might be a good idea to address this problem sooner rather than later.

My wallet can't get any active connections. The debug log says the client has tried every host in the example conf, has connected to a few and then has been dropped.

Is there a DoS attack afoot?

[edit]

I got one good connection here: 115.28.129.207, which is a Chinese pool listed on the topic post.

 

"What is beercoin" is a good question because there were several, but only one is alive:

https://bitcointalk.org/index.php?topic=436419.0

(I should say that it will probably never rise to the prominence it should because the 5% premine is a little excessive.)

By frozen, I mean that SHA512 hashes of my analysis are recorded in these transactions:

7eb2c0a21fbb0fecce11ccb63d39d978a0369c8918b22476afe6836e423e8787
e4ea5224d79c62d337bd7a2e008f7e33b7f5d2f357b6a6d8a9602feb448bd39a

As promised, I will release the messages to which the hashes within those transactions correspond in about 2 weeks.

It wasn't luck. My analysis is frozen in the beercoin blockchain.

One thing I didn't mention therein is that your response to the money supply confusion was quick and decisive, so I knew buying was a safe bet at that point.

I told you!

Here is the beercoin transaction ID of the transaction where I put the SHA512 hash, as a comment, of what you should be thinking:

7eb2c0a21fbb0fecce11ccb63d39d978a0369c8918b22476afe6836e423e8787

Here's the hash:

923ec4567865733ba5e4b917ce92a745cde5f966dd02a83b39eee713b85d4ffaea7a0a9e7346119 f1b9a250ddeb29814c8f1d084056d5aa40fc2470a1cb69d4d

In a couple of weeks, I'll give the message that the hash corresponds to. I chose to store the hash in the beercoin blockchain because it's the only wallet I have right now that takes comments. Unfortunately, no one has put up a block explorer for beercoin. If you want to verify the transaction ID, you'll have to download the beercoin wallet. Also, in case you doubt the ability of SHA512 to resist birthday attack, you should realize that bitcoin transactions are hashed SHA256.

[addendum]

e4ea5224d79c62d337bd7a2e008f7e33b7f5d2f357b6a6d8a9602feb448bd39a

af0bb3e7fa25d8b81204d18234138fca62d5c9355d843e5ec4ccdd1159a555565c2370636bfc941 aefb37e039e057fc2dcdd1ff486ef91b7a536eb8b26404bb8

I can explain it. Except for the math on the first line, everything you just responded to is bullshit.

Also <= 1% premine is relatively conservative at the moment. Hippietech has an agenda. I wouldn't trust anything he says at this point. A rational, truthful, person would have moved on by now. He got his 42dice investment back yet he is still here, spewing nonsense. That reeks of a hidden agenda.

The most obvious explanation is that he probably has a favorite "limited supply" coin somewhere and operates under the misconception that the value of 42 (or any other alt) influences the value of his own favorite.

You need me to tell you what to think? Well, I'm not going to.

This about sums it up.