Over 0.5 PMC in almost every mined block right now! Much block bonuses.  I'm new. How does this work? Can the premined coins be injected into the blocks or is that simply the transaction rewards? Yes, I use a script to inject rewards into the blocks by constantly changing the transaction fee I pay and sending a small amount of PMC to myself in a loop. Those 0.5 transaction fees being put into blocks is my script. The payout varies based on several factors. |
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Over 0.5 PMC in almost every mined block right now! Much block bonuses. |
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Premine has gone bonkers this weekend. So much PMC activity.  Even if you don't win the big miner block reward, because of the high network activity my block rewarder is putting 1x, 2x, 3x amounts of 0.3 PMC or more in each block. Edit. Block rewarder just paid out 0.56007504 PMC! A new record. |
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I get a "cgminer.exe --scrypt: unrecognized option" error message. What can I do? My bat file: color 02
setx GPU_MAX_ALLOC_PERCENT 100
C:\Users\user\Downloads\cgminer-3.9.0-windows\cgminer.exe --scrypt -o stratum+tcp://mnt.allpoolz.com:3333 -u workerlogin -p workerpassword Thanks Which version are you running? 3.9.0? Scrypt was taken out after 3.7.2. Get version 3.7.2. for Scrypt. |
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Subscribed. |
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Admittedly my understanding of POS coins is limited, but if this coins gives an interest rate of 20% for the first year, and 5% less each year afterwards, what's to stop someone from transferring all their coins to a new wallet after first year and get the 20% again.
Or is it 20% until Jan 2015 for everyone regardless of when they minted their coin.
The PoS rate is controlled by the network itself, not by the coins. If you transfer the coins you just reset the coin age, I think. You can't control the PoS rate anymore than you can change the difficulty or the payouts; it's built into the blockchain. PoS takes a bit to get your head around, but basically coins age over time, and this age then determines when they will "mint" new coins. When coins reach PoS maturing, they enter the Stake section of your wallet; think of your stake coins like a hashrate for PoS mining; the more you have in the stake section of your wallet, the more PoS coins you can "mine". This is a continuous cycle as your coins age, move into stake, then reset. You can't really control it. You can force all your mature coins to become stake coins at once, but there's no real advantage to it other than speed up the wallet if it gets choked up on small transactions, affectionately known as "dust". |
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Maxcoin just seems to be in a completely different world. The devs are useless and inactive, and apart from Max Keiser's backing and a different algorithm, this coin has nothing else going for it. I would be confident if it had a competent dev team, but if something goes wrong with the coin then there's going to be a problem.
You can't say the developers are competent. Anyone who does is a liar.
The coin has just as many pros as it does cons.
Don't know about them being inactive. They seem pretty active. Check their tweeter feed https://twitter.com/maxcoinprojectThey also have over 7k followers there already. Active on twitter, but not here? This is what I mean by being in a different world. It's 95% PR and 5% development. |
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Posting this here because as yet still no response to my support ticket. http://www.betarigs.com/rig/521Renting for 24 hours. It's been going down repeatedly, and the hashrate has gone down to approx 400khash from the rated 2400khash it should be mining at in the brief moments it does come back online. I'm not best pleased as I can't even afford to lease another rig right now, and the window for mining this coin is narrow as it is. I am literally losing coins the longer this rig is malfunctioning. Mining rig #521 still offline. What a joke. The website can't even correctly display that it's offline. It isn't mining at all. How it can say it's mining is beyond me. |
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Maxcoin just seems to be in a completely different world. The devs are useless and inactive, and apart from Max Keiser's backing and a different algorithm, this coin has nothing else going for it. I would be confident if it had a competent dev team, but if something goes wrong with the coin then there's going to be a problem.
You can't say the developers are competent. Anyone who does is a liar.
The coin has just as many pros as it does cons.
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Posting this here because as yet still no response to my support ticket. http://www.betarigs.com/rig/521Renting for 24 hours. It's been going down repeatedly, and the hashrate has gone down to approx 400khash from the rated 2400khash it should be mining at in the brief moments it does come back online. I'm not best pleased as I can't even afford to lease another rig right now, and the window for mining this coin is narrow as it is. I am literally losing coins the longer this rig is malfunctioning. |
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There are numerous coins with better tech, better launches, better distribution, better teams behind them - and now this Max comes along like a Champion with clueless devs and corrupted launch and thinks his coin is worth more than these all better coins just because he decides to say so. And the whole crypto scene is on their knees praising their new lord just because he's been on TV. The collective greed and stupidity is just amazing.
What would happen for arguments sake if Richard Branson or Bill Gates released an altcoin? You see my point. |
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The higher the price goes up, the bigger the price crash it's going to be. There are going to be some very angry buyers in the next few weeks. That is my prediction. It just takes one of these big early miners to dump all their coins and you will see some epic price crashing.
Maybe so, but keep in mind Max promoted the shit out of Bitcoin and got onboard many big name Bitcoin investors. Max is also shareholder in Bitpay and other important Bitcoin businesses. I can easily see MaxCoin being more popular than stuff like Doge, Feathercoin and so on, that don't have such big brand and name behind. If that's the case, then I'll buy in after the market crashes. If it doesn't crash, then I will miss out, but at the same time, if it does, I'd lose a hell of a lot. Too risky for me. I think it already crashed from 0.04-0.03 to 0.004. It's now stable around 0.004-0.005. A relatively small crash, considering I'm willing to bet there are still some big Maxcoin holders right now. I'll wait until it hits a few more exchanges and see what happens. Was just checking the MaxCoin reddit and there are 2 channels there http://www.reddit.com/r/maxcoinproject/http://www.reddit.com/r/maxcoinThese two combined have 700 subscribers already. Also, MaxCoin http://imgur.com/3K21aoR getting close to the 24h daily volume of Doge. Yes, the activity for the coin is truly astonishing, but where people see amazing success, I see a bubble. You've got to ask what's sustaining this coin right now, and personally I think the majority of it is hype. I can sense it in the air. That buzz of excitement that Maxcoin could be the next big thing. It's barely been a couple of days. That raises red flags to me. I will assess the situation in a few weeks. As of right now I can't trust any evaluation of this coin. Real investors think with their heads, not with their emotions. There is a lot of emotion around right now, and that always worries me. What flags lol. Of course that by having Max behind it, this coin's upside potential is huge versus coins without much promotional value. Fact that it's also ASIC proof for now, while Scrypt ASICs are almost here, is an added bonus. ASIC proof? You can mine this at 100mhash/sec on a GTX 670. It's not ASIC proof at all. People have already shown that keccak algorithm can be exploited by parallelisation. It's Scrypt asic proof, not Keccak ASIC proof. There are Scrypt Asics coming out soon. Did you hear about those? Even Charlie Lee said they are close to entering the market. On the other hand no one designed an Keccak asic yet and there are none in the pipeline. Yeah, I know about the Scrypt ASICS. I was just pointing out that the term ASIC-proof in this case is a misnomer. Maxcoin is ASIC Resistant. |
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If that's the case, then I'll buy in after the market crashes. If it doesn't crash, then I will miss out, but at the same time, if it does, I'd lose a hell of a lot. Too risky for me.
There's only one way to go from here, and that's a steady (maybe slow, but steady) decline down to 0.0005 and then even lower when people get tired of max's and stacy's constant full of hot air tweets and hype. Sounds more like wishful thinking. You and me both know that won't happen and that only way for this coin is up for the foreseeable future. True words from a completely non-biased Maxcoin holder.  Seriously though, I hope the coin does really well for you, but I would be out of my mind to invest in this right now. It's all hype. Hype is what's pushing this coin up, and hype can go in either direction. Yeah, Dogecoin has emotion behind it too, but now it also has serious investors, which is what's kept the price high. What's keeping the price high in Maxcoin is the combined belief of all the people who are currently buying it, holding it, mining it and who have bought it. You can't seriously compare this to Dogecoin. Dogecoin didn't reach this kind of market cap in just two days. To think this level is sustainable, or to even say it is without a hint of irony is misleadling. |
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The higher the price goes up, the bigger the price crash it's going to be. There are going to be some very angry buyers in the next few weeks. That is my prediction. It just takes one of these big early miners to dump all their coins and you will see some epic price crashing.
Maybe so, but keep in mind Max promoted the shit out of Bitcoin and got onboard many big name Bitcoin investors. Max is also shareholder in Bitpay and other important Bitcoin businesses. I can easily see MaxCoin being more popular than stuff like Doge, Feathercoin and so on, that don't have such big brand and name behind. If that's the case, then I'll buy in after the market crashes. If it doesn't crash, then I will miss out, but at the same time, if it does, I'd lose a hell of a lot. Too risky for me. I think it already crashed from 0.04-0.03 to 0.004. It's now stable around 0.004-0.005. A relatively small crash, considering I'm willing to bet there are still some big Maxcoin holders right now. I'll wait until it hits a few more exchanges and see what happens. Was just checking the MaxCoin reddit and there are 2 channels there http://www.reddit.com/r/maxcoinproject/http://www.reddit.com/r/maxcoinThese two combined have 700 subscribers already. Also, MaxCoin http://imgur.com/3K21aoR getting close to the 24h daily volume of Doge. Yes, the activity for the coin is truly astonishing, but where people see amazing success, I see a bubble. You've got to ask what's sustaining this coin right now, and personally I think the majority of it is hype. I can sense it in the air. That buzz of excitement that Maxcoin could be the next big thing. It's barely been a couple of days. That raises red flags to me. I will assess the situation in a few weeks. As of right now I can't trust any evaluation of this coin. Real investors think with their heads, not with their emotions. There is a lot of emotion around right now, and that always worries me. What flags lol. Of course that by having Max behind it, this coin's upside potential is huge versus coins without much promotional value. Fact that it's also ASIC proof for now, while Scrypt ASICs are almost here, is an added bonus. ASIC proof? You can mine this at 100mhash/sec on a GTX 670. It's not ASIC proof at all. People have already shown that keccak algorithm can be exploited by parallelisation. It's Scrypt asic proof, not Keccak ASIC proof. |
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Not sure why some people can't connect, I have 75 connections, and here are some of my peers I just get:
addnode=113.135.133.39
addnode=115.28.140.128
addnode=62.233.34.246
addnode=162.243.35.172
addnode=88.164.227.110
addnode=176.14.145.130
addnode=125.39.130.15
addnode=123.53.221.104
addnode=198.144.159.39
addnode=184.75.214.42
addnode=113.69.22.36
addnode=86.26.190.235
addnode=153.19.215.115
addnode=115.28.134.205
addnode=223.152.73.253
addnode=122.178.204.154
addnode=115.28.162.160
addnode=81.108.157.78
addnode=180.112.221.68
addnode=120.144.87.195
addnode=31.53.158.152
addnode=50.102.222.206
addnode=60.182.177.105
addnode=217.118.83.145
addnode=119.119.151.106
addnode=218.77.97.176
addnode=182.112.134.112
addnode=106.68.126.251
addnode=195.38.122.80
addnode=162.243.4.85
addnode=62.221.120.216
addnode=49.66.59.73
addnode=124.168.123.204
addnode=223.198.48.85
addnode=162.223.48.19
addnode=212.247.109.253
addnode=188.162.40.67
addnode=24.49.13.97
addnode=203.208.83.100
addnode=91.2.7.117
addnode=80.123.21.76
addnode=14.148.0.173
addnode=64.58.130.180
addnode=89.168.237.30
addnode=122.224.95.209
addnode=182.112.134.112
addnode=95.89.180.80
addnode=77.254.241.222
addnode=92.13.231.33
please try.
I synced in a minute. Thank you. It appears we just need some decent nodes. Your node list should be in the first post of the thread. Much better than that node list. |
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The higher the price goes up, the bigger the price crash it's going to be. There are going to be some very angry buyers in the next few weeks. That is my prediction. It just takes one of these big early miners to dump all their coins and you will see some epic price crashing.
Maybe so, but keep in mind Max promoted the shit out of Bitcoin and got onboard many big name Bitcoin investors. Max is also shareholder in Bitpay and other important Bitcoin businesses. I can easily see MaxCoin being more popular than stuff like Doge, Feathercoin and so on, that don't have such big brand and name behind. If that's the case, then I'll buy in after the market crashes. If it doesn't crash, then I will miss out, but at the same time, if it does, I'd lose a hell of a lot. Too risky for me. I think it already crashed from 0.04-0.03 to 0.004. It's now stable around 0.004-0.005. A relatively small crash, considering I'm willing to bet there are still some big Maxcoin holders right now. I'll wait until it hits a few more exchanges and see what happens. Was just checking the MaxCoin reddit and there are 2 channels there http://www.reddit.com/r/maxcoinproject/http://www.reddit.com/r/maxcoinThese two combined have 700 subscribers already. Also, MaxCoin http://imgur.com/3K21aoR getting close to the 24h daily volume of Doge. Yes, the activity for the coin is truly astonishing, but where people see amazing success, I see a bubble. You've got to ask what's sustaining this coin right now, and personally I think the majority of it is hype. I can sense it in the air. That buzz of excitement that Maxcoin could be the next big thing. It's barely been a couple of days. That raises red flags to me. I will assess the situation in a few weeks. As of right now I can't trust any evaluation of this coin. Real investors think with their heads, not with their emotions. There is a lot of emotion around right now, and that always worries me. |
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Our reddit page is definitely under-used. I rarely use reddit, so it's not a surprise. I did promise I'd look into a tip-bot for reddit though.
Perhaps we can convince http://www.reddit.com/user/mohland to help build our tipbot... with proper bounty reward in PMC of course There are only enough dev coins left to make it through the weekend. After this all 498999.99996251 coins will be in the hands of the people. I would not mind helping with a fund raiser though. If you can organise it, I can donate towards it. |
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It shouldn't have to be so complicated to get the wallet to sync. What on earth is wrong with it? I never have this issue with other wallets. I hope the developers fix this with a wallet update. This is going to suck when it comes time for the PoS minting to start.
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Premine coin. Been around for a few weeks, and it's going from strength to strength. 500,000 total coins, SHA256, and mineable only by the network generated tx fees, which right now are producing some very healthy block rewards. Coin is going on to be about 3 weeks old now. We don't need coins that are just a few days old. Who knows where they'll be tomorrow. Add coins with real potential long term viability. I quite like Mint as well, and think it has some great potential, but it is still a young coin. Give it at least until it starts producing PoS coins. Adding it before then will just decrease its value. Add it in a few weeks when it becomes scarce, not now when it'll just be dumped. Cryptsy doesn't have many SHA256 coins, and this one is very unique. |
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