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Good news with this new thread. Still mining this lovely coin  And, the auction showed how people get simulated to buy kimocoin when we talk about real-life stuff, like SDD or other computer stuff. So, hope jacob will find a way to organize more auctions |
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~ ten hours till the end of happiness (big block reward) |
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Thanks, jacob019 for answers. After an hour reward increased to a "normal" value. I'll remain on p2pool-eu By the way, on Comkort trading is in a good progress  |
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And one more question: If i mine on another p2pool node(with another miner) with same address/wallet, it may be a problem?
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Attention kimo.internetarena.it miners (especially GraberKGD and RIPPEDDRAGON), you are having poor luck--119% expected shares per block in the last 24 hours. P2Pool has an advantage due to block broadcasting between nodes. I have set up an EU node. It's hosted on a fast SSD server in the Netherlands, 0% fee. Please give it a try, I think you will find better payouts and it's better for our coin to avoid large centralized pools. http://p2pool-eu.kimocoin.comI'm trying to mine on p2pool-eu, but I have strange behavior: I have a miner with ~40 khash/s, and then launch it mining on p2pool-eu, my kimocoin wallet show me a lot "mined", but with value like 40 KMC, 45 KMC etc. Is this ok? |
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difficulty up to 0.10413952 13 faucet users in 24 hours active trading on Comkort 11 LTC in buy orders Four days until the first negative adjustment to the block reward Mining is profitable. At the current reward, diff, and price one could rent a rig on leaserig or betarigs and sell the coins for a profit.  Yes, doubled diff it's something Personally, I'm very curious to see what will happen when block reward will fall. |
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Diff grow, new transactions on comkort.com and last day with such a big block reward =)
I think these are good news for kimocoin.
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0.02641537 Difficulty
Diff already increased, but anyway, it's a VERY good time for solo mining |
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IMHO, until block reward decrease it's no sense to open new market. But it's just IMHO |
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Changes are still on the table, but it seems difficult to reach a consensus. Perhaps we should only change the algorithm. Anyone care to offer support or resistance to switching to X11? Hard forking is a big deal, anyone who doesn't update their client will end up on the wrong fork--and we'll have to reach out to Comkort as well.
Sorry about the website. I will get it back up this weekend.
I agree with you, especially taking into consideration we are close to 100k block reward, so, already no longer makes sense to change "inflation period". Concerning to switching to another algo, IMHO, it's need to be done when block reward back to 5000 KMC, after the "inflation period". What do you think? |
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jacob019, 2 questions:
If I understood right, you'll not change the algo, nor block reward evolution?
And second, kimocoin.com is redirecting to something strange, the block explorer not work.
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I'm not so concerned with the fairness as much as the security of the blockchain. If the reward drops to 5k and the miners bail (I know I would), then our coin will be dead. If we cannot agree on the changes, then we'll just leave it alone.
But reward will drop anyway to 5k, and a lot of miners probably will stop mining KMC. The idea was to finish "inflation" as soon as possible, to pump the price of kimocoin, which now is lowest. Would be preferable to see opinion of big-miners here. |
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Sounds good, that way we won't have THAT much in proportion to everyone else. (hopefully)
Don't forget that a LOT of people have KMC up to 100 000, and then their coins costs nothing. And these people are far more than "millionaires". I think, would be right to leave the market to distribute already mined coins. |
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jacob019: After block 100 000 I would like to propose the following scheme:
Every 2 000 block block reward drop by 10 000, so:
block 100 000 -- 100 000
block 102 000 -- 90 000
block 104 000 -- 80 000
block 106 000 -- 70 000
block 108 000 -- 60 000
block 110 000 -- 50 000
block 112 000 -- 40 000
block 114 000 -- 30 000
block 116 000 -- 20 000
block 118 000 -- 10 000
block 120 000 -- 5 000
What do you think?
The logic here is that for every range will be little more than a day.
Seems okay, but I'm worried that after block 120000 we won't have any miners. Seems like we might be better dropping only to 20,000 then take a year or so to drop all the way to 5,000. We, KMC community, already have a lot of coins, and after stabilization we will have over 6 BILLION of coin. I fear that with too high block reward for a long time, KMC will never out from the price of 1-2 litoshi. After such big injection, KMC need as fast as possible stabilization. |
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jacob019: After block 100 000 I would like to propose the following scheme:
Every 2 000 block block reward drop by 10 000, so:
block 100 000 -- 100 000
block 102 000 -- 90 000
block 104 000 -- 80 000
block 106 000 -- 70 000
block 108 000 -- 60 000
block 110 000 -- 50 000
block 112 000 -- 40 000
block 114 000 -- 30 000
block 116 000 -- 20 000
block 118 000 -- 10 000
block 120 000 -- 5 000
What do you think?
The logic here is that for every range will be little more than a day.
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Diff is growing, I think this is a good sign |
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I want to tell you that I will let my 2 machines mining (summary ~80kh/s) till the end of story (which hope will never happen). If the faucet will work again, I will donate KMC.
Earlier in thread I told "dev" that 100k reward is toooo much, 50k would be a better choice, but...
For the new team, I think you need to drop this insane block reward, but I don't think you'll manage it until block 100 000, so maybe you'll rethink the after-inflation period, for a quicker drop to 5000 block reward?
P.S: I work intensively with Linux, so if you need help in that, I can help less or more.
P.P.S: Hope "re-branding"/hardfork will will be successfully.
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I never understood why haters are coming back, again and again. There is no require to "love" this coin. Don't like it? Ok, move on to another coin. Nobody comes to impose you to love/mine/buy/etc kimocoin. For now is a lot of altcoins, I think everyone can find something to love Just leave it, and move on. P.S: Waiting for the end of inflation, to see what happens next. |
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