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381  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the alternate cryptocurrencies market being monopolized? on: June 22, 2014, 05:24:31 PM
Soo those 150 pool owners want to become like american top richest families and control everything in cryptoworld but russian c-cex against them.lol.
xD
382  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 21, 2014, 09:32:12 PM
I don't quite grasp the bottom part, but love the direction you're taking!
The bottom part are the bets people placed for both players, showing the total amount, return % if the side wins an a detail of all bets.
I would hide the detailed individual bets, but show'm in a "Details" or "Advanced" view, so you can focus more on the game being played Smiley

its not individual bets

numbers in the middle represent Minerals block height. Blue and red bars show how much bets (total MIN amount) were placed during this particular block.
The idea behind it is that it is fun to bet during the game
But if we gather all Minerals during the game into one big pile there will be no point in betting at the early stages of the game where the outcome is unknown. Everyone will wait untill the end of the game. But this is not fun anymore!

So what I thought is that we should split that game into small time periods (time to find 1 block, or say 5 blocks).
Say the game begins at 30,001th block height. During blocks from 30,001 to 30,005 (~2.5 min duration) bettors will place their bets into one small pile of Minerals. Bettors that send their Minerals during blocks 30,006 to 30,010 will be betting against people who sen't their Minerals during these blocks as well and will not be able to win Minerals that were sent during 30,001-30,005 blocks. And so on. I'm thinking that 2.5 minute time period is too big for a Starcraft game which usually lasts 10-20 minutes, but you get the idea. We can set time periods as small as 1 block duration (30 seconds)
Nah, you'll have to monitor each game and start and end the betting period manually. Allow bets for a game to be accepted until the game starts.
Once it starts all bets are closed.

Some early game mistakes can easily determine the outcome of the match.

Bets before the game will be allowed as well. These bets will rest in their own pile and will not be played against the ingame bets.

I personally find ingame bets pretty fun as there are a lot of unpredictabilities during the game. I've seen many games where a gamer did impossible and won the game nobody would think is possible to win.
Me 2. I've watched all GSL matches and WCS since SC2 came out, and I still tell you that it is easier to predict a correct out come based on various things that happen in-game.
If I'd think in a selfish way I'd say it's a great idea, only because I know I can successfully predict the outcome of most matches during their run.

I just think you're asking for a lot of trouble by allowing in-game bets.

Anyway, you just created the layout of the site (I think? or maybe it was just a page layout) and still haven't got an alpha ready or even started coding it (?).. so lots of time and room to change.
383  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 21, 2014, 08:56:31 PM
I don't quite grasp the bottom part, but love the direction you're taking!
The bottom part are the bets people placed for both players, showing the total amount, return % if the side wins an a detail of all bets.
I would hide the detailed individual bets, but show'm in a "Details" or "Advanced" view, so you can focus more on the game being played Smiley

its not individual bets

numbers in the middle represent Minerals block height. Blue and red bars show how much bets (total MIN amount) were placed during this particular block.
The idea behind it is that it is fun to bet during the game
But if we gather all Minerals during the game into one big pile there will be no point in betting at the early stages of the game where the outcome is unknown. Everyone will wait untill the end of the game. But this is not fun anymore!

So what I thought is that we should split that game into small time periods (time to find 1 block, or say 5 blocks).
Say the game begins at 30,001th block height. During blocks from 30,001 to 30,005 (~2.5 min duration) bettors will place their bets into one small pile of Minerals. Bettors that send their Minerals during blocks 30,006 to 30,010 will be betting against people who sen't their Minerals during these blocks as well and will not be able to win Minerals that were sent during 30,001-30,005 blocks. And so on. I'm thinking that 2.5 minute time period is too big for a Starcraft game which usually lasts 10-20 minutes, but you get the idea. We can set time periods as small as 1 block duration (30 seconds)
Nah, you'll have to monitor each game and start and end the betting period manually. Allow bets for a game to be accepted until the game starts.
Once it starts all bets are closed.

Some early game mistakes can easily determine the outcome of the match.
Even some openings can determine who's going to win (most likely): 10 pool banelings just doesn't work anymore - you see it a pro gamer using it (and by that I mean using build order to get there) and you already know he'll lose.
384  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Which new coin should Bittrex support? Week 1 - Round 1 on: June 21, 2014, 07:48:43 PM
Our goal is to add coins based on pool owners demand.
fixed that for ya.
385  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 21, 2014, 05:57:09 PM
Ok guys something neeeds to be done here!!
New people are comming over to check out whats all the buzz is about in Minerals! And the first thing they see is 30 mil coins no IPO No premine thats good!
But I hear you all talking about starcraft tournaments

So can someone explain this to us newbies?
Why should we buy the coin and how is it related to games? Whats diffrent here?

Cozz I Am about to get some and start a buzz on twitter

And why aint it on bittrex yet? So much volume on c cex wow
The coins main niche is catering StarCraft2 players, that's how it started and that is why you see the word StarCraft a lot here.
Hopefully, if this coin turns out to be like DOGE (i.e. aimed towards a community), it will cater eSports in general and not just SC2.
386  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 21, 2014, 04:47:27 PM

Multipool fee is 0%, I'm not taking any money. I want miners to get as much profit as it can be with the multipool as it helps to increase Minerals price. It is taking significant amount of my time tho. So I would love to see other multipools making payments with Minerals. If you know any multipool owner who is willing to add Minerals as a payment currency I will be glad to help him as much as I can and promote the pool at OP, website, twitter, etc.

I don't know this guy from a hole in the wall but they might help with MP? He "seems" like a "good guy" from that thread.

https://pool.trademybit.com
He came to this thread already just to bash the coin. Merc82 that is.
387  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the alternate cryptocurrencies market being monopolized? on: June 21, 2014, 01:32:36 PM
Bump.
I want more people to see this.
388  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 21, 2014, 10:32:52 AM
hi guys sorry for the stupid question, i've 20k minerals in my wallet since 2 days, it is sincronized and it tells me that is staking but i've not received nothing as POS yet, the time to have reward always change and not decrease, is normal?
Not normal. You sure you unlocked your wallet? Is the arrow at the bottom right green? Is your computer (wallet) online all this time?
389  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology is Pulling Posts On Their Site on: June 21, 2014, 10:28:01 AM
Thought this might interest you guys:

https://bitcointalk.org/index.php?topic=637202.msg7279319#msg7279319
390  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 21, 2014, 09:43:54 AM
I think going the betting route alone is a bad idea.

The focus should be around getting Minerals adopted by eSports community so that they will use the coin to sponsor tournaments, help pro-gamers, spread eSports, etc.

It can also be used for bettings, but shouldn't be the main focus.
391  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 21, 2014, 09:00:05 AM
We're Mineral.  We sponsor a tournament with prize Mineral and then we market the hell out of that tournament.

Heck, we should sponsor every damn tournament out there with at least some mineral.  Starcraft players need to hear the name over and over and over again.

Forget anon.  Starcraft is our niche and it is a HUGE niche.

And if the dev can create a betting site or betting bot if those are legal, all the better.

Agreed. linking a game server to the min wallet with some API would be awesome but a lot of work.

this is very advanced thinking. i have imagined playing fps and the actual gameplay generating blocks as though mining the coin. with bonus scores for good performance also providing bonus rewards in the block. basically.. getting paid to play. lol
To many ways to exploit it I reckon... Bots, p.servers, rigged matches. It's a good idea in theory but not practical.
392  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 20, 2014, 11:32:45 PM
Suggestion for strategic investment and usage of the multipool

i would like to suggest to the multipool owners and our multipool miners a strategy which will be geared towards maximizing our use of the multipool technology. i would liketo suggest that the multipools after obtaining btc were to send an equal fraction to each of the major exchanges and simply buy up the sell book. not wait or post a buy order. this will mean that multipool miners will get a smaller payout per day as the owner would then have to split the minerals based on the average price paid for each one. but will also mean that the average price will be lower than the high, meaning a win for all as the value of our coin has risen. instead of taking the cashout route.. though some will do this regardless.

e.g.

multipool gathers 10btc after 1 day of mining.
splits that into 3.3btc per exchange and sends to 3 exchanges.
buys up the book on each exchange from 1000 to 2000 satoshi
based on the total number of minerals obtained he finds the average price paid per mineral
then distributes to miners based on their percentage of btc gained through mining the multipool

in this strategy it works out that all the miners paid an average of 1500 satoshi whilst the value of their coin is now 2000 satoshi each.


what i suggest for those of us participating in the mutipool is to create a separate wallet for multipool mined coins which we will try not to put back on the market because obviously.. as the value rises we will be buying them back again from day traders at a higher price. so best to just hold on to it till the last samurai sells his minerals for less than 1btc=1min LOL.

it is about being bullish, nonchallant about price or return of investment and building the value of the currency. once it is useful, people will pay whatever price for it just as they do with btc. we lose minorly in the short term to gain much more over a slightly longer term. with the development of new services and merchants, new technologies and uses for the coin it wouldnt matter if it's valued 10 cents each or $1000, investors will buy in to make use of the services at whatever the price is at the time.

essentially, the lower price we sell at, is the more difficult or longer it it is to rise higher due to day traders. we must think of the early sells as the low. that low can be .01 cents or it could be $1. but its all up to the miners and the market what price they want to relieve themselves of the currency and liquidate for btc for whatever their reason. but it is my sentiment that nothing attracts investors like rising value. so if they want to speculate all week while the price climbs to 10,000 satoshi it will be their loss.

needless to say this will take a team effort on the part of our entire community. let's make this one coin, the coin we dont manipulate or daytrade on the markets risking a downward spiral. let this be the one coin that has no panic sellers. let this coin go back to the intention for the design of crypto.. "building a worthful currency that can compete with fiat and generates increase in value rather than inflation and devaluing of the currency" as the bankers have done to fiat all around the world.


Good post!
393  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the alternate cryptocurrencies market being monopolized? on: June 20, 2014, 11:20:07 PM

I'd say you deserve some answers brother.  Props on your effort to make this case as you have.


Thank you. It is really disconcerting for me to see this organized attacked from so many pool owners, which obviously indicates that they do communicate and monopolize, but to what degree I do not know.
394  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the alternate cryptocurrencies market being monopolized? on: June 20, 2014, 08:11:18 PM
Let's all go trade decentralized Wink http://thecoinfront.com/blackhalo-aims-to-save-bitcoiners-from-another-mt-gox-scenario/
BlackHalo is on it's way ^^"

Also, Bittrex isn't the biggest crypto-exchange. Here is a list: http://www.cryptocoincharts.info/v2/markets/info
Not all are pure altcoin-exchanges, but the biggest are Mintpal and Cryptsy in their category. Though Bittrex is climbing its way up Wink
Thanks Smiley fixed.
395  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 20, 2014, 07:19:17 PM
Made a thread about the various things I've read here, feel free to chime in.

https://bitcointalk.org/index.php?topic=659485.0
396  Alternate cryptocurrencies / Altcoin Discussion / Is the alternate cryptocurrencies market being monopolized? on: June 20, 2014, 07:18:42 PM
Disclaimer: This post is NOT mainly about MineralsCoin (but rather its concept), but I had to mention it heavily because it is the catalyst for this whole reaction.
This post is about how some pool owners, together with big exchanges and probably big farmers monopolize the market on the expense of small miners and possible investors.

I wanna apologize of the lengthy post, so bear with me it, but let’s start:

About a week ago (June 12th) a new coin came to life – MineralsCoin (https://bitcointalk.org/index.php?topic=641057.0).
This coin came with the idea to challenge the unfair distribution that most, if not all coins before it had.
And by unfair I am talking about farms taking over a coins network, mining the majority of it, while being the minority (in sheer number) and then dumping it, leaving small miners (the majority) with nothing but leftovers, if they’re lucky.
The developers of MineralsCoin decided that in order to allow a fair distribution of the coin, they would have to limit the hashrate that each individual could use, and the only way to do so is by controlling all the pools of the coin during its PoW phase (a stage that lasted about 7 days) and limiting each account to 1 worker with a limit of 50MH/s (it’s using x11).
Also, wallet wasn't released until after PoW phase ended to prevent farmers from solo mining it.
 
Sure, you could work your way around it, but it would be a lot of trouble and as evident from the network hashrate, not to many farmers bothered with the coin.
Now, some of you might say it’s a scam because the dev of the coin could just relocate the hash somewhere else for his own benefits, but a quick look at the miner showed difficulty that matched the coins, block explorer of the coin worked perfectly fine and no other coin that uses x11 has had a jump in network hashrate proportionate to the size MineralsCoin.
Also, there was no ghost account mining the coin heavily as could have been seen by adding the total hashrate of the 6 pools.

During its PoW stage the developer worked hard on giving the miners an alternative to where to store their coins outside the pool, this alternative came in the form of exchanges. One exchange service was happy to add MineralsCoin and it’s C-Cex, however, most miners wanted (and still want), the bigger exchanges to accept MineralsCoins in order to see its value go up.
However, one of the biggest exchanges to date – Bittrex, has remained vague with its intention of adding MineralsCoin for reasons that made me make this thread:

Here are some quotes from pool owners/admins/whatever that for "unknown" reasons decided to group up in MineralsCoin thread:

Admin in DedicatedPools
You think these pools have DDOS protection? Think again.
We charge 2% because we are a premium pool where shit just works.
We'll see on launch :p
Subtle threat?
Sorry, not supporting privatization of crypto coins.  Crypto is supposed to be open source.
I'd be astonished if any exchange actually hosts this for you.  Nobody is going to encourage private sources and pools, no wallets, etc.
This is not crypto at this point, you will be no better than Microsoft or Paypal.
Didn't you think this was going to cause some backlash?  People don't want privatization, they want public sources and open source.  You are going backwards, not forwards.

Ryan, dedicatedpool.com support/admin
Quoted for the irony that is about to come.

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.
“Sorry, not supporting privatization of crypto coins” right into "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”.
Probably the most disconcerting post of them all.

So the new scam of the week is private sources and pools so devs can control, not just 1% of the coins, but 100% of the coins.  Nice.
Sorry, not going to work.  Already contacted exchanges and gave them the heads up.
Nobody is going to host this coin on a major exchange.
If you mine this coin you are killing crypto.  And in fact, since you won't be able to trade it, you're just wasting electricity.
Purposefully blocking a coin that might create a wave of coins that will eat into his future pool profits.

it won't be worth anything.  Exchanges aren't hosting it.
You'll be mining air.
Coin is dead before it started.
Well, now it’s an obvious threat.

Admin in TradeMyBit:
No source? Fail coin.
Another pool showing its hate.

Admin in  Suprnova and various other pools (yet another pool owner…)
Much luck to you guys, if any other coin would only mineable by one pool (operator) everyone would scream "scam!, scam!, scam!" as there is no way to prove that the pool is legit and you get what you deserve, but if you like being controlled by one single instance here..
Go ahead and support the idea of socialism ;-)
Quoted for irony Wink

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.
Trying to control, throttle and manipulate the entire thread with the rest of the pool owners, does make what he just wrote to qualify as ironic.

Admin in Suchpool.sw (another pool owner…)
This look like a big scam, stay away.

There were lots of other pools in that thread (to many pages to go through) in addition to shill accounts trying to spread FUD and quotes from Bittrex IRC which I did not bother to post.
For the record, MineP was actually the only pool that participated in the thread and did not seem to bash the coin but rather took interest in it.

As a side note, how many coins out there have you seen that have been controlled by a single pool? Don’t know about you, but I have seen a lot. Pools that owned 80%, 90% and even 100% of the network of the coins and those coins were added without an issue to the big exchanges only to allow pool owners to dump the coin to make an extra… God knows how much.

As far as Bittrex goes (and the other big exchanges), to this date, they have added a lot of other shitcoins, that are semi closed source, 100% pre-mined, 70% premined (Country coins anyone?), etc.
The only common thing here I can see between those coins that were listed on big exchanges is that they could have been mined on the big pools.

So my question to this forum is this: is the market that heavily monopolized? That only a select few people decide which coin is gonna go where, where it’s going to be mined, where it’s gonna exchange? Which coin is going to be lunched?
Was crypto not made in order to decentralize us from the control of a few powerful entities? How bad is what Binaryclock talking about? How serious is that group?

And as a last note, MineralsCoin is now in its PoS stage and became open source. Nothing malicious was found in the code and so far everything seems legit with the coin.

P.S. I wanna remind you again that this thread isn't about MineralsCoin, but rather the concept it brought to the table and the very sharp reaction from a group of people that got scared of its ramification if it succeeds.

*I wanna apologize if my English was not spot on, it isn’t my native language after all.

Additional links to read:
http://www.cryptoarticles.com/crypto-news/minerals-x11-powpos-with-no-wallet-download-before-end-of-pow
http://www.cryptoarticles.com/crypto-news/minerals-altcoin-with-100-fair-launch-upsets-big-miners-and-pool-operators
http://altcoinspeculation.com/new-coins-new-wealth-any-future/
http://altcoinspeculation.com/are-new-altcoins-being-monopolised/
397  Alternate cryptocurrencies / Mining (Altcoins) / Re: [ANN] cudaMiner & ccMiner CUDA based mining applications [Windows/Linux/MacOSX] on: June 20, 2014, 04:16:28 PM
10btc in 2 or 3 days? im going to go and cry in a corner somewhere
Cheesy
398  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 20, 2014, 03:22:17 PM
ok since some of the guys here think tipbot may be violating BTT rules I've romoved the announcement from the news section untill it is 100% confirmed if it is illegal or not
Start promoting it on gaming forums, like Battle.net and Steam.

Make a thread, say that you're gonna be tipping people who use it in their sig and start it rolling.
399  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 20, 2014, 12:57:11 PM
Guys I would love to know what features do you think we must add to the wallet?
Features may be like
blockexplorer
MIN exchange price
IRC channel
List of places where tipbot is tipping
List of places where you can spend MIN
Some StarCraft specific features (like list of downloadable replays with an option to vote for the best one)

These are just examples that I can think of right now. I am sure you can suggest something more interesting.
We can't do all at once so we must pick one feature that is most desirable. I would love to hear your thoughts about it.
Did you talk with Blizzard about using Cryptocurrency on their forum? I did message them but have yet to get a reply. Was planning on promoting Mineralscoin on battle.net but wanted to be sure I won't get banned or something.

You should try and contact them as well, maybe you'll get an answer quicker than me.
400  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MIN] Minerals - POS. Fair Distribution Cryptocurrency on: June 20, 2014, 10:08:47 AM
Kingcoiny:"Sell your #minerals now before it's too late!"

https://twitter.com/Kingcoiny/status/479919527531393024


This exchange is telling people to sell????WTF??!!

This is very unprofessional from them. Well, that means I won't ever be using them... How sad.
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