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August 1, 2013 Update:
Yesterday was truly an interesting day for CGB and the crypto community! The subsidy halving set to take place at 50k blocks did not occur due to an oversight in the code. The CGB team has responded, identified the issue and made the necessary corrections. The subsidy halving will now take place at block 55k. It is imperative that everyone download the latest client BEFORE block 55k. We apologize for the inconvenience and appreciate your continued support. Please be prepared for some additional major announcements coming for CGB!
Please download the updated client on OP.
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August 1, 2013 Update:
Yesterday was truly an interesting day for CGB and the crypto community! The subsidy halving set to take place at 50k blocks did not occur due to an oversight in the code. The CGB team has responded, identified the issue and made the necessary corrections. The subsidy halving will now take place at block 55k. It is imperative that everyone download the latest client BEFORE block 55k. We apologize for the inconvenience and appreciate your continued support. Please be prepared for some additional major announcements coming for CGB!
Please download the updated client on OP.
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About 5 hrs till subsidy halves. This should have the effect of finally dropping CGB from the top 5 most profitable to mine (where it has been since it hit an exchange) or cause the price to double or most likely something between these 2 extremes! Stay tuned!
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OP updated:
July 30th, 2013 Update:
Please download the updated clients (in OP). Also a couple of changes have been made to take preventative measures against what recently occurred with CAP. Finally, the block rewards have been extended to allow for a 1/2% yearly inflation after 1 million CGB are mined - at a rate of 0.01 CGB per block:
DNS seeds have been enable and DNS records have been created which resolve to 6 trusted nodes (we will add more soon)
Checkpoints added
Added reward of 0.01 CGB after 1 million coins are mined (comes out to 1/2% yearly inflation)
Any hints on what the website will feature when we reach 50k blocks? I will defer to Mr. Mercury to share any teasers he feels inclined to divulge as he is taking the lead on this project. I am extremely excited with the outline we have constructed. Timeline will be a couple of weeks as Merc suffers from a severe case of perfectionism! |
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July 30th, 2013 Update:
Please download the updated clients below.
below what?...ok in the OP Edited message, sorry for the confusion. |
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July 30th, 2013 Update:
Please download the updated clients (in OP). Also a couple of changes have been made to take preventative measures against what recently occurred with CAP. Finally, the block rewards have been extended to allow for a 1/2% yearly inflation after 1 million CGB are mined - at a rate of 0.01 CGB per block:
DNS seeds have been enable and DNS records have been created which resolve to 6 trusted nodes (we will add more soon)
Checkpoints added
Added reward of 0.01 CGB after 1 million coins are mined (comes out to 1/2% yearly inflation)
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OP updated:
July 30th, 2013 Update:
Please download the updated clients (in OP). Also a couple of changes have been made to take preventative measures against what recently occurred with CAP. Finally, the block rewards have been extended to allow for a 1/2% yearly inflation after 1 million CGB are mined - at a rate of 0.01 CGB per block:
DNS seeds have been enable and DNS records have been created which resolve to 6 trusted nodes (we will add more soon)
Checkpoints added
Added reward of 0.01 CGB after 1 million coins are mined (comes out to 1/2% yearly inflation)
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getting sick of watching the price pull up slightly for some tosser to dump
Trust me, I feel your frustration. This is all to be expected and the normal course of things. What we are looking for is steady consistent growth over the long term. Patience is the name of the game right now, but the price does seem to be climbing again despite the dumpers. Keep in mind all alts are down as BTC is flexing its muscle at this time. Take a break from the ticker, unless you are loading up on more and I think you will be pleasantly surprised and pleased with your investment come September. We have a lot of big things planned for August which will all start with the subsidy halving around July 31st. Try to keep things in perspective. 1 week ago CGB was not listed on any exchange and the difficulty was .05 due to the lack of mining interest. Today CGB is listed on 2 exchanges and the difficulty is in the 3.5 range. Price is up to about 10 cents per CGB from a purely subjective value just one week ago. Yes, the excitement of a jump to 40 cents per CGB and the mining attention to create a difficulty of 8 was an exciting peak and makes it difficult to see the perspective and growth that has occurred in one short week. Hang in there my friend! We are on the right course! The whole CGB team is working diligently! |
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Follow the bull on twitter @cryptogenicbull
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Yep this was a pool problem... blocks are definitely being solved at the rate that they should.
Yep. I'm going to match the bounty for a third pool, bringing it up to 100 CGB for a third pool. I have setup a CryptogenicBullion STRATUM PPLNS Pool and its working fine, so you are welcome to join and spread the network hashrate. I have set pool fees to only 1%, 60 block confirms for fast payouts, and only 0.01 CGB payout fee to pay the actual transaction fee. cgb.minar.ccStart your miner using the following parameters: | URL: | stratum+tcp://cgb.minar.cc | | PORT: | 3337 | | USER: | username.worker | | PASS: | workerPass |
Sample command-line: ./cgminer -o stratum+tcp://cgb.minar.cc:3337 --scrypt -u username.worker -p workerPass Please let me know if you find anything out of normal, comments and suggestions also welcome! New Pool Up and running! Please let me know if you find anything out of normal, comments and suggestions also welcome! Thanks. New pool added! Thank you Sheinsha! |
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STOP SELLING ON SUCH A LOW PRICE!
+1 don't sell now thinking it's gonna crash. Keep it for it to grow~!! No worries guys. The quick rise in CGB brought in an assortment of miners who mine simply to dump for BTC. This is an excellent thing for us CGB supporters allowing us to buy at amazingly low prices! Once the subsidy halves in a couple of days and the website launches, the miner rewards will be cut by 50% and they will no longer be able to wholesale like this. Then in August there will be some big announcements for CGB. This has all been planned to play out this way. CGB, as stated in the original announcement, will take some time to mature, but will have a sustainable long term growth. If you believe in CGB, take advantage of this time. I have sold my other coins on wholesale since everything is down now so I can stock up! More to come :-) |
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Subsidy should be halving in a couple of days and the website launch is scheduled to coincide with this event. Additional services will be coming to light in the month of August, stay tuned!
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New pool and bounty updated on OP!
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Sorry guys, I have a bounty out for another pool to be added....
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ok well i did fix the refresh part on my pool and it's working fine now  btw i never got a bounty for my pool  I have your bounty for you, just need your address... I had already asked you for it. Plus, I donated 100 CGB to flip coin. |
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Quite an exciting last 12 hours! CGB is now trading at Cryptsy and Coins-e!
Congrats to the whole CGB community and team!
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Welcome CGB fans to the cryptsy.com family
Thank you BitJohn! It is like coming home to family after a long time away! |
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FYI - subsidy will halve in ~ 7 days!
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Excellent work and Merci, lol! Thank you for taking the time! OP updated!
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