It certainly should not. People complaining about not getting any rewards may get some donations from stakeholders in the range from 5-10 PMC maybe, but anything more would be ridiculous. This coin isn't meant to be mined for big rewards, the TX fees as rewards were established to keep the network alive, not to fill the pockets of individual miners with the biggest hashing power. You mine this coin at the risk of not getting a reward per block at all or for low numbers of coins, this is how it was planned. Keep in mind that a single coin is already a good portion of just 500k coins.

You haven't lost your humour, at least :p

Okay, here is the deal, explained simple: When you find a block, your wallet generates a new block (the next block to mine) by the rules of the network. The thing is, you could manipulate this very new block with some injected code and "change the rules", the rules which are stored in the very block. Now if you do this and send the new block out into the network as a normal miner, you would have created a new chain, a chain that is exactly the same to the old chain, with the only difference being your newly created block. But the other workers in the network pull your work and should naturally notice "that's not what I have on my plan here", reject the block and continue on the old chain. The problem arises when enough miners (hashing-wise) decide, that this very new block isn't in fact faulty and continue on the altered chain. If the other miners now pull new work from the network, they will pull the chain that the majority of the network uses and disregard the old chain.

That's roughly what is happening. Don't pin me down on details.

Your logic is almost correct, just take the following into the szenario: More than 51% of all miners (measured in pure hashing power) decide that the new, malicious chain is the way to go. Tada, now that the majority mines on that new chain, the rest follows.

Oh, don't tell me that someone actually forked the chain and put blocks with a reward into it

For everyone that decides that it is time to panic and abort all hope: 1K7i8PYixVmJxPwh6AJbvBa77a2xXGyn5V

Outstanding 550999.99996251

Am I just unable to understand the information from the block explorer or is something very wrong here?

Sent you 5, welcome to the club!


@Creditcoin: When may we expect the new wallet? Could you give us an estimate?

Lol, a 15 BTC buy wall just popped up at 0.001 BTC/PMC @ Poloniex

Edit: Aaand, gone again.

Of all the Quark clones that launched since december, Frozen was one of the fairest, distribution-wise. But I think it lacks the transaction volume to be adapted by cryptsy, which seems to adopt only shitcoins that are good for big pumps recently.

Sent you one, viva the transaction fees!

I would be careful with the size of amounts, as we need to ensure to keep the rewards steady until the client update is out there.

WTS 200 MTC, pm me with a reasonable offer in BTC or LTC.

Easy: You target this coin for a high enough number of people.

The rewards seem pretty high for an hourly cash-out, tbh.

By giveaways, the faucet and possibly even by being rewarded for contributing to the development and spread of this coin. 10 coins of 500k is actually a good amount already.

What are you doing in the cryptocurrency forums then? This is  a huge part of the whole idea behind crypto.

Have you even read the thread? Nobody paid a penny for these coins, they were distributed completly and were launched as an experiment, not as a motivation to make quick money. The schemes of fully mined coins that we had before were based on IPOs, which meant an investment from the user side.

Nobody is asking you to like or support it, but unreasonable FUD like this won't help anyone.

You might want to store the block number up to which point payouts have been made and set it to a new value each time the script has been called, even if it just suffices for catching overflows.

Just saying...