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2761  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 16, 2014, 02:31:39 PM
No multipools! maybe I missed something but this fly's in the face of the whole concept. If people want to mine MIN let them join one of the pools already in place through pow phase? Tell me why a multipool should be allowed ...I'm not seeing it.

its not regular multipool as you might know it
its a multipool for POS coins. It mines darkcoin, trades it for bitcoins, then buys minerals and pays these minerals to miners.
The purpose of this multipool is to allow big wales come end mine minerals is they want. But this time their hashrate can only increase the price of minerals
Regular pools are up and running as well but these pools limit you down to 50 Mh/s
I think the whales are limited do to the way this coin has been mined thus far with the 50mh cap. If there are going to be whales they will only be because they purchased large amounts of MIN from day 1. I don't see how there is any true whales at this point because of the cap. And we want people to buy this coin. I think a min.multipool will not do anything good for this coin. Its holding its own just fine considering the limited access to both mining and trading.
2762  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 16, 2014, 02:24:34 PM
No multipools! maybe I missed something but this fly's in the face of the whole concept. If people want to mine MIN let them join one of the pools already in place through pow phase? Tell me why a multipool should be allowed ...I'm not seeing it.

I'm not sure you understand,  the multipool mines other coins and sells them to BUY MIN from the exchange.  It does not mine MIN directly.
Your saying, min.multipool will mine other coins to purchase MIN and payout will be in MIN. (in the name of protecting the coins value by purchasing large amounts of MIN) Is this not exactly what blackcoinpool.com has been doing with blackcoin after it went POS? look at their stats now... very low miner count, blackcoin is in the toilet in price again.... that concept is basically failing for the most part. Plus the pool operators there, I think got a little greedy with how they used others hash power to mine and then buy and distribute blackcoin as payment. Any miner with any sense saw it was a bit of a rip-off.  For me I still say stay out of the multipool business in everyway shape and form for MIN. Let it be NON-MULTIPOOL if its going to be used as BCPOOL has done. it is failing.
Why not just let the average miners and investors set there own course and nature will do its thing with this coin. NO-MULTIPOOL

Thanks for pointing out joe  Wink
2763  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 16, 2014, 02:08:03 PM
No multipools! maybe I missed something but this fly's in the face of the whole concept. If people want to mine MIN let them join one of the pools already in place through pow phase? Tell me why a multipool should be allowed ...I'm not seeing it.
2764  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 15, 2014, 07:44:43 PM
I have to get off here and do some chores,  but folks hold on to your minerals, the price should be at least double from where it is right now and I expect that should happen soon. Its just my take on things right now, but what do I know?  lol later!  Cheesy
2765  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 15, 2014, 07:21:12 PM
At the moment I still think there is  a lot of potential here with Minerals, but the dev is going to have to tip toe through the tulips to achieve his goals if they are in fact as they seem. If so, I see this coin gaining great value, as well as setting a precedent for other pools and coin devs to follow to bring to a close the madness that has devalued MOST other Alt coins to date, and benefitted only a very few. It has to stop, and I'm referring to the out of hand rig renters, the multipools, the overall flood of one shit coin after another purely for pump and dump by the above mentioned. Its time for a coin that has some real meaning and a future with a clear usefulness. Oh did I mention I like Star Craft and my son has every version out there, even though since taking up mining I have played very little games Sad lol
2766  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 15, 2014, 07:12:48 PM

I am here for the goodness of Crypto.  I have been here much longer than anyone and have tried to form a society that is good to move forward.  Privatization of crypto will not been tolerated.  You may or may not know there is a society of over 150 people, pool owners, exchanges, leaders in crypto that all VETO'd your coin - it is just not me.  People will not stand for stuff like this - the scams are already too bad and developers are trying to gain more and more control.  It won't happen. 

You seem like a nice guy and for that I feel bad that it worked out like this for you.  Your idea was probably good on paper but you probably never considered the backlash from the engineering community that created these walelts and crypto in general.  Sure miners will mine anything under the sun - they have no idea of the implications.  But the people who created crypto are looking out for them.  Private sources are not accepted, under any circumstance - that is not crypto anymore.. it is paypal or whatever.  We don't want paypals.  People want to be able to control their wallets and review source codes.  We want public ledgers and pools and exchanges, not backroom bargins and developer 100% control.


You are here for your own profit and everybody see that. You complain about centralization and secrecy but speak about some fantasized secret society of 150 people who decided and "VETO'd this coin"! That is f*cking ridiculous!
Agree, binaryclock would have been better to just have kept his mouth shut on this one.... lol, was kind of pointless to inject anything the way he did if at all???
2767  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 15, 2014, 04:35:50 PM
If anyone has noticed, dedicated pool in particular has cozied up with all the big rig renters and multipools, and has been making money hand over fist for a few months now catering to them.... especially with the growth in x11 x13. So I certainly wouldn't expect anything encouraging or nice to be said from them, albeit they run a great pool network.
2768  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 15, 2014, 04:15:23 PM
I Can just shake my head when i Read the last few pages here, i cannot understand that people like being Controlled, throttled and manipulated in every possible way.

This concept is total bullshit, even Ripple is better.
There are some who are sick of the manipulation of all other new coins x11 x13 being hammered to death by rig renters and those f*king multipools... thats why I'm still here wanting to see this coin make it. If not I/we can always pack up and move on as we always do  Wink I am open minded and will try anything once......
2769  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 15, 2014, 04:12:30 PM
One more drawback i can see is with this method is that a cheat dev can easily divert the hash to mine another coin of his choice and than shut the shop and run away.
I'm sure that's quite true but seems that would not be in the devs best interest, and the coin seems to have a lot of interest from the community, but the lines are being drawn in the sand about the good and the bad of this approach now.... I'm somewhere in the middle still lol If the price holds where it is now I will give it a little more time today to see if bittrex can come up with anything for us, if not I'm going to another coin. The worst that can happen is miners get disillusioned and leave, like me, at that point the coin is dead or will see a certain quick death and may never see pos phase?? NO MINERS = NO COIN Smiley
2770  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 15, 2014, 04:02:57 PM
I like the idea of fair POW, don't know why trolls say it's not crypto, perhaps they should read more... Let see how this end next week (or how it start the PoS). Don't let us down dev!!! Smiley Just a few point for those who don't want to read all pages:

Good:
 * Fair distribution, limited to 50Mhs per account
 * Low market manipulation, as nobody should hold most of the coins
 * No premine/instamine (dev owns %100 of pools, and charges %1 for that, sound fair, they mounted the servers and if you mine in another pool you are paying as well)

Bad (or at least some concern points):
 * Dev can make a fork at any time without limitation
 * Don't have a public wallet (needed to provide fair distribution)
 * Only one exchange during PoW (as an option to keep your coins in another place, that is pointless since dev can make whatever he wants, if you trust him its the same)
You hit the nail on the head. I think if we can get this on bittrex the interest will stay strong for this coin. Where is richie@bittrex.com when we need him! lol
2771  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Fair Distribution Cryptocurrency. C-Cex listed on: June 15, 2014, 03:41:40 PM
This is a very interesting debate. I for one, like the concept of limited m/h mining. Puts mining back on an even playing field for all. The downfall is no exchanges till after pow, which is ok, but hinders the immediate value of the coin, and for some miners a quick return is needed or a portion of for electric bills, financing of equipment etc. IF dedicated pool and so on would agree to the stipulations of the 50 m/h limit then give them the code. We're at block 8515 at the moment, so it will be a long haul until we reach the pos phase. So this coin probably will not see it worth until then, which does suck. Maybe it the price to pay for the concept.? I do wish Bittrex and the devs would come to a quick resolution however, I'm not sure about all that crap binaryclock was referring to and the secret society BS? he kinda spoke out of both sides of his mouth I feel. But lets face it the only ones making any money off of mining is the pool operators, the exchanges and the coin devs, and usually the miners doing all the work, get what's left over after that. I'm all for what's in the miners best interest not the pool operators. We shall see with this coin if its going to do anything for fairness for the miners..... so far yes but is being hindered with no exchanges involved,,, come on bittrex!!!
  
EDIT: If it doesn't find away on to another exchange(s) and the price keeps falling I will be forced to move on to another shit coin and try to make a quick buck,,,, so something needs to give ASAP! without exposure a coin will rot
2772  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Cryptocurrency for StarCraft fans. No premine. on: June 13, 2014, 03:09:45 AM
Anyone noticing CEX.IO (ghash.io) at 45% network hash,,,, that's massive and a lot of power to be wielding lol
2773  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2014, 03:06:04 AM
CEX.IO at an astonishing 45% of hash now, whoa...lol
2774  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Cryptocurrency for StarCraft fans. No premine. on: June 13, 2014, 02:27:10 AM
Devs why all the high hash rate miners on VA pool? over the 50 limit?
2775  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Cryptocurrency for StarCraft fans. No premine. on: June 13, 2014, 01:45:41 AM
Somebody needs to incorporate a good PC game based on finds or monster kills or something, or is in one case, the number of kills in like call of duty, bf4 etc.... and ya starcraft too lol Players can use that coin to wager into a game/round and be paid out accordingly. I know it was tried with counter strike, but don't think it took off and was based on btc not alts.... k, just thinking lol maybe that what this coin will be for. In D3 I think they have stopped real money auction houses, for various reasons, but blamed it on player fairness,,sorta like this coin capped at 50mh lol, but here is where an alt coin could find its worth in the gaming world,, what a market to tap into

Ya I like that idea some, add some type of tipbot or maybe some way to bet on game matches?  There is definately a market in the game sphere for random stuff, just yesterday I saw I can sell my "achievements" I've got in steam games for like 0.10$ each like trading cards.  What a crazy world we live in.
Wow no kidding! steam huh? lol ya I have deeper ideas of how it could be done without any copy right infringements or actually even having to get involved with the game makers,,, oh well I'm sure someone is hot on the idea/concept already. If only I had a team of sharp software engineers at my side  Cheesy
2776  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Cryptocurrency for StarCraft fans. No premine. on: June 13, 2014, 01:35:28 AM
Somebody needs to incorporate a good PC game (with a coin) based on finds or monster kills or something, or is in one case, the number of kills in like call of duty, bf4 etc.... and ya starcraft too lol Players can use that coin to wager into a game/round and be paid out accordingly. I know it was tried with counter strike, but don't think it took off and was based on btc not alts.... k, just thinking lol maybe that what this coin will be for. In D3 I think they have stopped real money auction houses, for various reasons, but blamed it on player fairness,,sorta like this coin capped at 50mh lol, but here is where an alt coin could find its worth in the gaming world,, what a market to tap into
2777  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Cryptocurrency for StarCraft fans. No premine. on: June 13, 2014, 01:24:41 AM
ok, just fired up 2 x 7970s and added to my worker 1 lol,  a 4000+ kh bump  Smiley
 
EDIT:5000 kh lol
2778  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Cryptocurrency for StarCraft fans. No premine. on: June 13, 2014, 01:06:54 AM
Matter of fact I'm on my way out the mining shed to point a few more lol  Wink

I like seeing the cap at 50 ....  simply awesome and refreshing, and yes maybe some value will return to alts if this done across the board... I see it as inevitable.
2779  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Cryptocurrency for StarCraft fans. No premine. on: June 13, 2014, 01:04:22 AM
So if I have two rigs I can only use one for this coin? can only set up one worker on the pool
Point both rigs to 1 worker/user
2780  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - X11 POW/POS Cryptocurrency for StarCraft fans. No premine. on: June 13, 2014, 01:00:39 AM
Dumb question here lol, but are their any exchanges active to deposit coin to from the pools here?.... I kinda just jumped into all this coin a little over an hour ago but definitely like what I see!! I understand no wallet yet,,, if that is correct also..  Smiley
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