K, getting back to my camel. He's got lots of work to do. (actions tab - just smoke a joint, full screen and watch him.) I love my camel.  Is the animated camel still in the wallet? I don't see anything in the actions tab... Hitler won't be pleased if it's gone. |
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I'm with you Soul_eater - doing 3 an hour at swisscex too. Excellent. Me too. I have it on a timer to alert me to click. Adrian now has the block explorer working. Once we get on an exchange we can then submit to CoinMarketCap too:) |
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GBC/Great Britain coin is a country coin that has no airdrop, uses Scrypt-N, has low block rewards and great potential. Unfortunately due to 2 of the team members having to leave for other work commitments GBC is having to be run single handedly by Adrian (the remaining team member) who is quite short of time. He is currently looking for others to join and help take the coin forwards. Generous bounties are available. Please reply here if you are interested. Find more info about the coin here: https://bitcointalk.org/index.php?topic=530308.0 |
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Hi guys,
I spoke to Adrian and he hasn't been ignoring me - just a misunderstanding. Unfortunately the other members of the team have had to leave the project due to other commitments so Adrian has been left to manage on his own. What we need are new members to join the team and help out. We also need as many ideas as possible from the community to try to move things forward. If you believe in the potential of this coin as I do then please help out any way you can.
Arif.
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Are you trolling me?
It looks like you are trolling me. The statement of market values for different numbers of coins completely misses my point. Also at no point did you state the number of coins explicitly. You just calculated the valuations based on a theoretical value of 10K sats (which may have required those values but I wasn't going to go through your calculations to check). All your post was saying in essence was - here is a list of theoretical calculations of value - and they seem OK. I did not realise that your definition of acceptable numbers of coins and mine are quite different. I don't think 30 million coins in 5 years is a small number or indeed slow growth. If the number of coins/production is an issue for me you can be pretty certain it will be an issue for others. |
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Whats your issue 'soul eater'? Upset that some one dosent agree with you? Thats life, just like people wont agree with me. What kind of degenerate are you? Want 'emotions'..ok lemme eat dinner 1st..and Ill bite the hook of your e-fight for e-rep points that your clearly looking for.
You're the one who said that being concerned about heat was "suspicious". It's OK I really believe you're a big man who bashes tools together because it's so tough. Overcompensating for something or what? I bash tools together? What? Are you on fucking drugs bro? Lol - let's just leave it there it's a pointless argument. |
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Just for kicks let's put the price at 10,000 sats.- 1 BTC = 10,000 ELT
- 700,000 ELT = 70 BTC = $42,000
- 28,800 ELT/Day = 2.88 BTC/Day During 1st Year
- 14,400 ELT/Day = 1.44 BTC/Day After 1st Year
Year 1 Market Cap @ 10,000 sats = 70 BTC + 2.88 BTC/Day = 1051.2 BTC = $630,720 Do you think this is sustainable? Market Cap at 1 Year0.00010000 BTC/ELT = $630,720 0.00100000 BTC/ELT = $6,307,200 0.00500000 BTC/ELT = $31,536,000 I think it is. If only it worked that way but the absolute numbers do have a psychological impact. Doge is a good example of how large amounts of coins reduce perceived value in people's minds. A more extreme example would be XXL coin. |
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a) 7 Billion, not 8 Billion.
b) Why do you care how many coins there will be in 1331 years when the coin will likely no longer exist (and neither will Bitcoin)?
c) The block reward is what matters. That's the rate of supply growth. 28,800/Day is a very small growth rate in comparison to the vast majority of cryptos.
It would be incredibly cheap to buy every coin in existence right now. I personally have a minimum value stored in my head, which I won't share, and if the price hits that level I will buy until there's nothing left to buy. The math says this coin is already a steal. The only reason I'm not buying right now is because I have the market share I want and because there's still a chance I can get them cheaper. People look at the max coins and don't see the whole picture. Max coins in a thousand plus years is MEANINGLESS.
That said, I do plan to bug our good dev here about the issue. Since max coins is so meaningless I see no reason to have it set there. Besides... how do you even have a "max coins" if it's proof of work? You can't.
It's the block reward that matters.
I'm sorry but I fully intend to be here in 1000 years + Actually the problem is the coins aren't produced as slowly as you think it's roughly 10 million in the first year and then 5 million every year after that. So after 5 years there will be 30 million. Also the 7 billion (not 8 my mistake) is more a psychological issue. |
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Whats your issue 'soul eater'? Upset that some one dosent agree with you? Thats life, just like people wont agree with me. What kind of degenerate are you? Want 'emotions'..ok lemme eat dinner 1st..and Ill bite the hook of your e-fight for e-rep points that your clearly looking for.
You're the one who said that being concerned about heat was "suspicious". It's OK I really believe you're a big man who bashes tools together because it's so tough. Overcompensating for something or what? |
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Blake256  Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? The best person to ask about it is Bryce Weiner as he helped to develop Dirac. Why, he admitadly just creates coins for absolutely no reason, comes up with some mumbo-jumbo tin foil hat crap to hope it catches interest, but never does a single usefull thing for any of the coins he makes, he's as pure as a pump/dump coin artist as one could possibly be. You want one of the algos to get locked in stone like that instantly? I guess there would be 4 others to choose from. At this point we have not seen any technical data suggesting Blake would outperform Skein. Skein is very good for GPU mining right now and very few others have used it which makes it better for long term mine-ability for GPUs. I'm personally a big fan of Skein. The main reason I'm putting forward Blake is due to the opportunity to merge mine DGB with Blake coins, another good algo is Heavy (from Heavycoin)/Hefty(the specific implementation for Mjollnir) - which are even more cool running for Summer than Groestl. Summer dosent last forever, any miner that complains about heat and switches to a coin just cause of that reason alone is only interested in one thing & not a positive for network support year round. I bought my GPU to work, not get coddled , its a tool, anyone 'selling' me the idea of using it in a less than optimal and less than maximum potential, has other motives. I would be suspect of anyone who doesn't care about the heat. We need more people mining at home rather than large hash farms. Sorry if that hurts your feelings but it's better for the coin. I buy a hammer to hit nails hard, I buy a socket & extender bar to horse down on, or break free bolts, I buy a saw to cut, I bought my GPU to work aswell. If heat is a deciding factor as to mining a coin with a GPU, you have the wrong tool for the job. Wrong tools for the job, dont get the job done. Not getting the job done would be equally bad for a coin. Sorry if reality hurts your feelings. The multi-algo approach gives those whom want to mine with their GPU's like myself the option to work hard, or not to. As far as huge hash farms, theres nothing wrong with them what so ever. Its the equal distribution of the large hash thats the potential problem. And if you think for one moment 'people @ home' dont have huge farms , your highly mistaken. Not that its the norm, its not.. however their not 'uncommon'. Wow you must be a real man - do you bash yourself to sleep too? LMFAO |
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This is why I support premines. But this one doesn't have one, so it's up to investors who seem to hate premines. Sometimes you get what you ask for! Boo! I mean, Yay!
Dev: Could you explain your reasoning behind the large MAXCOINS value? I understand you probably want the coin to grow with use far into the future, but technology will change enough over the next 1300 years that I see this max value as detrimental to the perceived value of the coin. You would instantly create more interest if you were to bring the max more in line with the block reward.
Just my opinion, but perhaps you have a reason I haven't thought of.
Also there will be 10 million coins in the first year, then 5 million per year after that until we get to 8 billion. I just think that is flooding the market with too many. Psychologically it will put people off investing particularly if you consider that there are less than a million at the moment. |
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Blake256 Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? The best person to ask about it is Bryce Weiner as he helped to develop Dirac. Why, he admitadly just creates coins for absolutely no reason, comes up with some mumbo-jumbo tin foil hat crap to hope it catches interest, but never does a single usefull thing for any of the coins he makes, he's as pure as a pump/dump coin artist as one could possibly be. You want one of the algos to get locked in stone like that instantly? I guess there would be 4 others to choose from. At this point we have not seen any technical data suggesting Blake would outperform Skein. Skein is very good for GPU mining right now and very few others have used it which makes it better for long term mine-ability for GPUs. I'm personally a big fan of Skein. The main reason I'm putting forward Blake is due to the opportunity to merge mine DGB with Blake coins, another good algo is Heavy (from Heavycoin)/Hefty(the specific implementation for Mjollnir) - which are even more cool running for Summer than Groestl. Summer dosent last forever, any miner that complains about heat and switches to a coin just cause of that reason alone is only interested in one thing & not a positive for network support year round. I bought my GPU to work, not get coddled , its a tool, anyone 'selling' me the idea of using it in a less than optimal and less than maximum potential, has other motives. I would be suspect of anyone who doesn't care about the heat. We need more people mining at home rather than large hash farms. Sorry if that hurts your feelings but it's better for the coin. |
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Blake256 Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? The best person to ask about it is Bryce Weiner as he helped to develop Dirac. Why, he admitadly just creates coins for absolutely no reason, comes up with some mumbo-jumbo tin foil hat crap to hope it catches interest, but never does a single usefull thing for any of the coins he makes, he's as pure as a pump/dump coin artist as one could possibly be. You want one of the algos to get locked in stone like that instantly? I guess there would be 4 others to choose from. At this point we have not seen any technical data suggesting Blake would outperform Skein. Skein is very good for GPU mining right now and very few others have used it which makes it better for long term mine-ability for GPUs. I'm personally a big fan of Skein. The main reason I'm putting forward Blake is due to the opportunity to merge mine DGB with Blake coins, another good algo is Heavy (from Heavycoin)/Hefty(the specific implementation for Mjollnir) - which are even more cool running for Summer than Groestl. |
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Blake256 Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? The best person to ask about it is Bryce Weiner as he helped to develop Dirac. Why, he admitadly just creates coins for absolutely no reason, comes up with some mumbo-jumbo tin foil hat crap to hope it catches interest, but never does a single usefull thing for any of the coins he makes, he's as pure as a pump/dump coin artist as one could possibly be. You want one of the algos to get locked in stone like that instantly? I guess there would be 4 others to choose from. Most altcoins have no purpose until they actually get one. The rest is just BS. |
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I agree with the 1st 3. If you use the Groestlcoin (rather than Myriad) implementation of Groestl that would allow merged mining with GRS. I think crypto-note mining like Monero/Quazar might be more suitable than cubit for CPU miners (GPU mining is available but worse than similarly priced CPUs). Blake 256 would be a nice addition for merged mining with Dirac/Electron/Blake.
Or primary goal is to allow for efficient GPU decentralized mining well into the future. Grostle seems to be the best candidate for this at the moment. But we want to implement two other energy efficient algos for GPU as well. That way if more ASICs for more algos come in the future (which they will) we still have two other GPU friendly algos heading into the future. As far as I know Blake 256 is supposed to be more efficient than Scrypt - although in these cirumstances "efficiency" and what it refers to is debatable. It does give significantly higher hash-rates than Scrypt but then it is a different calculation. The GPU miner software for Blake is able to utilise most of the GPU's hashing power (unlike current X11/Groestl) miners so although you get more hashing power than Scrypt you also get similar amounts of heat. It should be noted algorithms can't alter the energy efficiency of a CPU or GPU - they can only change the amount/how the hardware is used. For example very memory intensive algorithms slow down the rate of computation (since RAM is significantly slower than Processors and generally scarce) thus generating less heat (assuming I understand it correctly). If the processors in the GPU are being used less and work is spending more time sitting on GPU and system RAM then less energy will be used - however under these circumstances the energy efficiency for the GPU may actually be lower (as is often the case with many electronic devices). |
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Blake256 Not a fan of blake, unless it wasent put on that merged mining pool, and nothing could stop that from happening anyways if implemented. Lots of shady stuff from that core group. Such as? |
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