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381  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: March 30, 2014, 11:03:05 PM
And now I just realized that my 3x290 + 1x290X rig (used to be one more 290X but that one recently burned out Tongue) takes out 1/15 of the whole network speed. Cheesy
I guess I could easily mine it directly without the help of a pool (may be I actually will, just because that feels better for me for some reason I can't shape into words). And now I miss my 5. card even more.

So your 4 card rig is getting 1000 Mhash mining DRK?  Interesting claim...
382  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 30, 2014, 05:46:54 PM
The reason I'm saying pure POS, is because we need to change the distribution of the coin and the max supply.

But POS doesn't change inflation of the coin or the max supply...

These are separate issues.
383  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 30, 2014, 05:37:57 PM
Our problem has to do with the low volume fundamentally. The low volume happened because our market cap is so ridiculously low. Because of our low volume we can't get anybody to take the coin whether it is marketplaces or Cryptsy.

Our problem is not low volume, it is low price.  The price is very low and continues to fall, the low price results in very few miners, very few investors, very little interest in the coin.

Second, our community will grow as long as there are people who hold the coin. Our current status is not encouraging community since we have so few miners (due to low network hash) and any miners who are not already long term holders are basically dumping the coin as soon as they mine it.

I don't think people holding the coin will cause the community to grow.  If anything lots of tipping on reddit, moving the coin around will allow the coin to grow.  A sudden spike in the price would also help (by driving miners to the coin, boosting it's position on coinmarketcap.com etc.)

I realize now we have a fundamental problem (had I realized this problem months ago I would have sold all my NYAN then, but since I didn't, here I am trying to work around it). That problem is, sure we have 7 million people following nyancat but 99.999999% don't know anything about crypto nor could they care less.

I agree with this.  Sure there are lots of people on the Nyancat facebook page but they have not been given a reason to care about nyancoin.  Some ideas that would change this:

1) Nyancoin incorporation into an ALREADY popular Nyan game.  Let people buy in-game items with 1-2 Nyan, let them earn nyan with a browser miner.  
2) Nyancoin incorporation into the Nyancat store
3) Special items in the Nyancat store that can only be purchased with Nyancoin
4) Special items in an already popular Nyancat game that can be purchased only with Nyancoin


On the other hand, the people that actually build a coin, the crypto community, leave as soon as they see that the coin is not a good investment. The current version of the coin is not a good investment because:
We are under 20% of the way to the max coin count.
Our distribution is slow so our network hash is destined to be small.
Inflation and low volume make the coin unattractive to be accepted in any market.
We are attempting to cater to a community that frankly has proven they do not know or care about crypto.

The root of our problems is low demand for the coin, and thus low price. A lot of these issues wouldn't really be problems if we just had some more demand for the coin.

X-11 changes nothing fundamentally about the coin, it just makes the GPUs cooler. This won't make a flood of people suddenly care about the coin.

Changing to X11 was not meant to be a game changer, brining in lots of new people - we just need to move away from scrypt because if we don't in one months time the Asics will start raping us - they will find every single block and immediately dump the coin, amplifying our current problem of low demand/low price.

Changing to POS is a different story, if we did that, then inflation would not be a problem. The coin would be rarer which would make people want to buy it more. We could start to build the volume we need for marketplaces. Once marketplaces take us, then we can make advertisements to the nyancat community and they will start to care since they can then buy things with the coin.

Changing to POS alone would not affect inflation.  Only a change in reward schedule would affect inflation.  (ie 337 coins every 1 minute would still continue to be true with POS). As far as building volume, that will ONLY come with more demand/ higher prices.

What is the best case scenario for X-11? We get a small boost of attention, maybe a few hardcore miners will stick around, but the price of the coin will not change since we would be helping the miners, not the investors. POS would be encouraging investors to buy the coin, which is what we need to save it.

Your main point is that POS will make the coin more rare which will increase investor demand, but this isn't true, 337 coins will continue to be produced every minute - just via POS not via mining.  We can of course change this to something lower, which might help the price problem that we have by reducing supply.  Maybe 33.7 coins every minute would be a good solution.  X11 is not being proposed to boost investor interest, it is being proposed to make mining viable once ASICs hit the market. I think you want the algo change to fix the fundamental problem that the coin has: no demand. I don't see POS or X11 increasing demand very much. But at least switching away from scrypt will allow the coin to still be mined by a normal GPU, keeping it accessible to everyday users.
384  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 30, 2014, 04:20:28 PM
that is why atheistftwins is for the pure POS since he would benefit the most of it , he looks only after himself not the best intrest of nyancoin

Regardless of what we choose, if the coin fails big holders have the most to lose - I'm sure he is arguing for what he thinks is best for the coin.
385  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 30, 2014, 03:56:46 PM
I disagree with a pure POS model. Sure, Pure POS would be great for people like me that have boatloads of coins, but it's bad if we want to grow the community.  Mining is the engine that drives community growth. New miners discover the coin, mine some, and support the coin now that they have acquired a stake in it's success. Without mining the coin would just be in a perpetual state of stagnation whereby only current coin holders gain interest and everyone else is shut out. It would be the worst possible scenario for a "fun, newbie friendly" coin like Nyan.  For this reason I prefer the hybrid x-11/POS option.
386  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: March 30, 2014, 01:44:25 AM
Looks like Nyancoin is going to adopt X11 w/POS.
387  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 30, 2014, 01:22:28 AM
x-11 w/POS would be REALLY cool - I don't think any coins have both.
388  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: March 29, 2014, 09:55:44 PM
Still no workout for the R9 290 problem.
Still 60 Darkcoin Bounty.
https://bitcointalk.org/index.php?topic=475795.msg5944514#msg5944514

I have many 290s and have never encountered this problem :/
389  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 29, 2014, 09:30:53 PM
We are playing not games with anyone. Cryptsy is a big deal and volume is something that was keeping us from a lot of marketplaces from accepting our coin. We hoped with Cryptsy support we could get the volume to other things in the pipeline rolling. For now we are looking into the best algorithm change which would help the coin. If you have other ideas we would love to hear it.

No worries, we are still #2 on cryptsy, it will happen next weekend probably.  It sucks that they told you one thing and did another though. As far as new algos - I'm going to throw my support behind X11.  I've been mining DRK (X11) for a few weeks now and probably won't ever switch back to mining scrypt.  My electricity costs are 35% lower, the heat produced by the cards is ~1/2 of that with scrypt. With these low temps my cards stay much more stable.  To my knowledge only two X11 coins exist, so this would be a big advantage for Nyan.  Everyone that has ever tried mining X11 has nothing but positive things to say.

That's just my two cents.  Keep working hard, I'm not giving up. Smiley
390  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 29, 2014, 04:37:07 AM
Alright, thanks for the support.

I am surprised that no one is really talking about the NyanCoin event coming.

Wasn't something supposed to be announced today?
391  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 29, 2014, 04:12:08 AM
I just got great news! Apparently I found a backed up version of my NyanCoin wallet from when I first started with three addresses on it. Out of those one was empty and the other two ended up being my NyanCoin.Me faucet addresses! Now I just have to reprogram the faucet payment app and I can send money out asap.
 The bad news is I lost two hundred thousand Nyan from my newer NyanCoin addresses..

hold onto the hard drive, if Nyan ever becomes really valuable you can send the drive off to drivesavers.com - it's expensive but it's very likely they can recover the data.
392  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: March 26, 2014, 04:41:55 AM
if I got 3 cpu equal 1 Mh/s , shall I mine p2p or just go to pool?

Either method will yield the same amount of coins.
393  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: March 26, 2014, 04:26:53 AM

I like Dark coin. It is in btc38 anyway.


HOLY FUCK it's true, when the hell did this happen ?  Grin

http://www.btc38.com/

Looks like it's not trading yet.

http://www.btc38.com/trade.html?btc38_trade_coin_name=DRK
394  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: March 26, 2014, 04:14:21 AM
Is the OSX wallet update coming soon?  People on reddit are inquiring.
395  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | No Premine | DGW | ASIC Resistant on: March 23, 2014, 03:49:58 AM
www.reddit.com/r/DRKCoin

Subscribe if you haven't already - we should try to move some of this conversation over there, it's way quieter than it should be.
That's because many of us refuse to move there with the current color scheme.

lol if it's really that big of a deal there is a checkbox on the right side to turn off the custom page style.
396  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | No Premine | DGW | ASIC Resistant on: March 22, 2014, 04:23:30 PM
www.reddit.com/r/DRKCoin

Subscribe if you haven't already - we should try to move some of this conversation over there, it's way quieter than it should be.
397  Alternate cryptocurrencies / Altcoin Discussion / Re: Darkcoin reward schedule vote on: March 22, 2014, 01:44:28 AM
I think the only reason to change is because people don't understand how it works.  In fact, if DarkCoin is successful, then there really would be no inflation.  Because more people would be using the coin which = more demand for the coin, which I suspect will out-number any inflation built in.  Besides, as more people mine, the rewards go down...

so the only real reason to do this is to reduce the total coin supply.  But I think a larger/longer coin supply gives the coin much more longevity.  It will work well into the future, deep into the future.  While still maintaining a very limited supply of yearly coins.  People don't understand that right now, but I think as more attention is focused on DarkCoin, more writers will explain this, and eventually it will be understood and accepted as a good thing.

I know it's one of the factors that people are mistakenly using to value the coin right now (remember it takes 70+ years to get to the maximum number of coins)  But it is one of the reasons I like this coin.  I think it keeps the coin accessible to people in the future, which makes it actually useful as a REAL currency.  I don't see bitcoin being more than a place to store your wealth, like buying gold, because it's becoming less and less accessible and less user friendly (buy a backpack, only 0.056875 btc!)  And it's only going to get crazier!  They say they can always go further down the decimal places, but really?

Mild inflation is good for a growing population, and believe me, it'll be more than absorbed!  Especially with the usefulness of this coin!  Please don't freak out because the price is currently stagnant!  Just because people don't understand yet, doesn't mean they won't when they're interested enough to focus a little more attention.  The coin is getting spread out and creating more users right now because the price is so low!  I'm guessing people who were able to mine a ton of 'em in the beginning are dumping, which is great!  I mined from the beginning but only had 2 computers with 2 core processors that would work, and a high learning curve, so those coins mean a lot more to me, but those who got them easily, they're taking profit and spreading the coin, it's a GOOD thing!

I think leaving it as it is, is the wise thing to do, for the usefulness and longevity of this coin Smiley

+1 

People seem to forget that there are actually tons of coins permanently taken out of circulation every year because of lost private keys, crashed HDDs etc etc.  A small 1-2% inflation per year is optimal to replace these lost coins. I agree with the majority here -> Leave the block rewards as-is.
398  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 17, 2014, 07:09:33 PM
Quote
1. Reddit promotion (Also looking for someone with high karma to help with a redditquest for /r/nyancoin)

The redditrequest is already in progress - sadly the turnaround time on these requests is aburdly long (~25 days) so we should hear back in about a week.  I'm pretty certain the request will be sucessful as I have a 6 year account and >10k karma.
399  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Lebowskis [LBW] - *Updated Client and Seednode* on: March 17, 2014, 07:03:36 PM
It's ok.   The dude abides.


Anyone have time to create a subreddit for LBW?   I think that could get us some more exposure.  maybe eventually add an LBW tip-bot, etc.  Or just have fun posting lebowski quotes, images, vids.

by definition we would be the coolest sub-reddit on reddit.  Even if we believe in nothing and lay around at the pool all day watching bunny.  

Just because of our dude-ness.

Fuck it, let's go bowling.

I"ll create a subreddit tomorrow

Looks like one already exists: http://www.reddit.com/r/lebowskis
400  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NYAN] NyanCoin - ★★★V1.2 Released! KGW Implemented! MANDATORY UPDATE ★★★ on: March 08, 2014, 04:48:27 AM
https://www.cryptsy.com/coinvotes

VOTE VOTE VOTE  Grin
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