How long do payment confirms take? Waited 15 mins so far.

 

Hey, if you keep referring new people, it's up for grabs. It would be well earned.

Sending PM with wallet addresses now. Hilgi has kindly offered to match what I sent, so referrers and referees get double. 

Welcome to PMC. 10 Sent. 


Remaining: 240

Welcome to Premine. 10 PMC Sent.  


Remaining: 270

Glad to hear it. I have quite a few coins. It'd be great to see them generating some PoS. 

Still 0.8.6.

Many faucets do this. Yep.

Wasn't it a bounty anyway? The bounty was for creating the faucet. I don't really think you can "steal" what you were given for creating the faucet. If he wants to be greedy, that's up to him.

I'll be working on getting my head around the RPC PHP library later on tonight. If it's relatively straight forward, then I should have a server-style setup which will generate tx fees for every block generated on the network. No coins will have to be sent directly to miners, as each block will simply be filled with the tx fee I set in my script.

I should be able to run it continuously, but eventually I'll try to figure out how to get it running on my raspberry pi. I'll set up an address that anyone can donate to, and once it is verifiable to be working, the developer can, if he wishes, add it to the first post as a way to directly donate to the network.

I could also give it a faucet style behaviour, so the tx fee is based on the total amount of coins stored at the address. This will keep the flow somewhat more predictable. If I wanted to be clever about it, I could create a formula that bases the tx fees on the funds at the address and also the current difficulty level to keep the TX fee relatively fair.

Of course this is by no means a permanent solution, as anything that isn't controlled by the network is vulnerable in nature. If my PC crashed or the electric went out, then obviously the mining rewards would stop rolling out. But of course this is only meant to run until the new wallet is released, however if the script works really well, it can be re purposed to do many many things.

I've got some fantastic ideas for Premine.

Will do.

Someone already is working on a Stockscoin aren't they?

Yeah, it seems reasonable. Some blocks will have higher rewards, obviously, as there are tx fees being put into blocks, but least you'll know the minimum you'll get is 0.1, rather than 0.

Am I over-thinking this?

Why don't I write a script that makes pure RPC calls and generates a tx fee by sending myself coin every time a new block is detected on the network?

Simple!

Can just do pure RPC calls on a loop! I'm excited about this now.

So every block will have a small TX Fee in it for miners. As it will run continuously I'll have to set it to a reasonable amount. 0.1 PMC? What do you think? 0.05 PMC?

I have 2000 or so PMC set aside for this, so 0.1 would be enough PMC to fill 20,000 blocks.

I'm working on a way to pay miners who find empty blocks, and the dev is working on the new wallet as we speak.

Potentially yes, but right now putting a price on PMC is pure speculation. But yeah. potentially very valuable.

With how scarce Premine is now, 20 PMC is quite a lot. You can refer multiple people if you want. If the referral scheme goes well I may increase the total pot.

Seems nobody can answer even a simple question on this for me. I don't even think the PoS even works anymore. If all coins have been distributed, that's it.

Better off holding and giving away small amounts to increase distribution. More distribution = higher value later on. Drop me a PM with your wallet address and I'll send you another 50.