Bitcoin Forum
May 27, 2024, 07:54:03 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 »
381  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 16, 2014, 11:21:31 PM
I hear it's a PPC fork, so you can unlock only for PoS minting using the console.

Follow this guide: https://bitcointalk.org/index.php?topic=187714.0

Correct me if I'm wrong guys.
i wait for this confirmation to...

YES you use the same console command to unlock the curecoin wallet for minting as you do for peercoin.

In console, type this - walletpassphrase <yourpasswordhere> 99999999 true - hit enter. Give it a minute or so for the wallet to unlock. Good to go.

Remember that your coin-age has to be at a minimum of 30 days to start minting. Receiving coins to your wallet is fine; if you send any out/spend them, it will reset all of your coins back to day zero. Just like peercoin. So keep that in mind.

Thanks for the info!  Up until now I haven't used console commands in the wallets!

So how does this work? Forgive me but I am new to cryptos and don't know anything about PoS. So you unlock your wallet and after 30 days you start earning interest or something? Does that mean your wallet is not encrypted anymore? Is this so that people can see how many coins are in all the inactive wallets with the block explorer?
382  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 16, 2014, 01:16:13 AM

Oh that's nice...it was only a matter of time before people started trying to do that stuff. Everyone needs to understand that the client doesn't always display the right ETA, and that they are only hurting themselves and more importantly the science by dropping WUs and missing out on their bonus points.
383  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 10:36:51 PM
agreed good to see we have that mac wallet already.. the website is currently under works and should be up and running  very soon (within a day or two id imagine its really close to done).  The press releases are expected to come soon I have done some spreading of the word through fox news, statesman journal and a few others here locally for me.  Whatever you all can do to spread the word to the news companies and newspapers do it! Show up on there forums/websites youd be surprised how many times they run a story from there forums.  More people sending messages to fox12 would help quite a bit too im sure.  We should be showing up in the news anytime now at least here in the pacific NW.  

http://www.kptv.com/category/210054/contact-fox-12

go there and let them know the truths about curecoin and its current accomplishments.  We will appear in the news if there is enough people showing interest.  do the same thing at any news sites you can.  We need this to hit people outside the bitcoin community.  We need to attract new people to the cryptocurrency that will help us  save lives! help us get there Smiley.  

I am not a developer nor affiliated directly with any of the curecoin team (asside from recently meeting them and occasional conversations).  I am simply trying to help spread the word, you all should too Smiley.  If there was ever a coin for the community to step in and help out this is it.  We are growing extremely fast.  Help spread the word and keep us in this uptrend!

I suggested last night to the "I f#$&ing love science" facebook page that they should do a post about it. I figure it's the best spot to get people's attention...millions of likes, and the people seeing it are people that have computers and internet and, well, they f#$&ing love science....and who doesn't like earning curecoins?
384  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 09:01:31 PM
heya, i want to confirm i got my  CURE(coins)  from folding today ,after 2 days and half of waiting Smiley.

 i would like to ask if any1 try it to OC the GPU with TRIXX or afterburn  for better PPD?

tip for charity : BLf33QmfdZ33k6RCvXHGmy642Va3JUb7JF

cheers Smiley

You had 100k points yesterday:

http://folding.extremeoverclocking.com/user_summary.php?s=&u=657048

So you should have received your coins today about an hour and a half ago. What does it say on cryptobullionpools?

You can overclock but look back a few posts. It is not recommended because you can get corrupt work units which you will have to start all over and receive no credit for. If you are going to OC make sure it's rock-solid...and then add a few more mV.

from pool:
Your 24 Hour Folding Points [Folding points verified.] --- Valid: 51607
Current Payout Est. [Pay Per Point] --- 3.169138 CUR
 maybe tomorrow i get the rest...

i found this:
___________________________________________________________________
by privater » Wed Jun 18, 2008 3:37 pm
Tested some freq about Core /Mem/Shader
found that Overclock Shader is the most effcient way to improve performance.
And ,we know that Shader clock only affect temprature a little
Core Clock only affect Result a little.
Memory Clock almost useless.
so we can simply downgrade core clock,give more room for Shader overclock
and downgrade mem clock help to reduce heat generation.
and GREATLY increase the Shader Clock。Which result best performance.
Tested by 8800GT. Cheesy
_____________________________________________________________________



Note the date and 8800GT. Shader clocks are no longer differentiated from core clocks. It is true about the mem...for AMD increments of 250MHz are best, because the timings are loosened every 250....so 1250 is faster than 1251 and 1500 is faster than 1501, etc. Anything over 1250 can start to become unstable unless you can adjust memory voltage. Anyhow, core clock is the most significant. Make sure it has enough voltage to be absolutely stable if you do this.

EDIT: Good to know about the payout. That must mean that the cut-off is somewhere between 9pm and 12am CDT. In fact my payout today exactly matched my points earned between 12am and 9pm according to that site soo...yeah.

EDIT2: Also, gratz on 10 WU. Have you set up your passkey? You should start to earn bonus points for each WU now.
385  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 08:44:44 PM
What is by far the best single GPU for folding?

Consumer GPU? Probably Nvidia Titan.

Are double precision GPUs more useful? Cuz I would think it would be the 780ti because moar corez.
386  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 07:48:48 PM
I have a question about the points, because I don't understand why my earned points are so low compared to my estimated PPD.

I've folded with my 280x for about 4 days with ~110k estimated PPD each day.

When I open the Advanced Control it shows on average for 1 WU/Project
Base Credit: ~15000
Estimated Credit: ~50000
Estimated PPD: ~110000
So how many points should I earn after I finished the project?

When I open the Web Control it shows that I've earned 99k points and I've folded 7 WUs so far.

I need between 10-12 hours for 1 WU.

How many coins do I earn after finishing the WU?
If I earned the estimated Credit, I would earn about ~110k PPD (similar to the estimated PPD)
But it looks like that I only get the Base Credit for each WU/Project (7 WUs*15000=105k, similar to my earned 99k points)

Is something wrong with my settings because I only earn the Base Credit or is the estimated PPD wrong calculated (because with only the base credit my estimated PPD should be ~35k instead of ~110k)?

Thanks in advance for clarification and help.
You should theoretically earn 50k a work unit and if each takes you 10-12 hours that would result in your 110k estimate. However, if you just started you may not have a pass key setup properly which may explain why it looks like you are getting only 15k points / work unit.

He just completed his 10th WU so he wasn't getting the QRB yet.

http://fah-web2.stanford.edu/cgi-bin/main.py?qtype=userpage&teamnum=224497&username=Philll90

http://folding.extremeoverclocking.com/user_summary.php?s=&u=656840

Philll you should start to get your estimated credit from now on if you have set up the passkey properly.
387  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 07:35:18 PM
heya, i want to confirm i got my  CURE(coins)  from folding today ,after 2 days and half of waiting Smiley.

 i would like to ask if any1 try it to OC the GPU with TRIXX or afterburn  for better PPD?

tip for charity : BLf33QmfdZ33k6RCvXHGmy642Va3JUb7JF

cheers Smiley

You had 100k points yesterday:

http://folding.extremeoverclocking.com/user_summary.php?s=&u=657048

So you should have received your coins today about an hour and a half ago. What does it say on cryptobullionpools?

You can overclock but look back a few posts. It is not recommended because you can get corrupt work units which you will have to start all over and receive no credit for. If you are going to OC make sure it's rock-solid...and then add a few more mV.
388  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 06:32:09 PM
Please, help me!

It recognizes 5 GPUs and 1 CPU, but GPUs stay on 0 %!

And I have a single core CPU and 5 x R9 270 non-x.

You are most likely being bottlenecked by your CPU. You should have a core free for each GPU + one extra core...so a six core would be best. If it's a sempron in an AM3+ socket you could probably upgrade to an FX-6300 for not too much money. Check your board specs. Make sure you are not folding with your CPU since you will need all of it's resources available. What does the log show? Make sure 'On Idle' is not checked and give it a few minutes to start up.
389  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 06:26:03 PM
Cudaminer is giving me grief - has anyone at all got CureCoin mining on an nVidia platform?

The SHA256 mining is better left to the ASICs. You are better off folding with your GPU.
390  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 04:02:01 PM
Now the really "bad thing" is: CygnusXI still has a different kanji in his avatar. Busy guy ... Roll Eyes

Nevermind that the symbol is a caduceus and not the rod of asclepius. Though in this case I guess the caduceus is a correct symbol since it represents trade...and people generally recognize it as the symbol of medicine now anyway since it's been misused for so long.
391  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 11:14:29 AM
I have a question about the points, because I don't understand why my earned points are so low compared to my estimated PPD.

I've folded with my 280x for about 4 days with ~110k estimated PPD each day.

When I open the Advanced Control it shows on average for 1 WU/Project
Base Credit: ~15000
Estimated Credit: ~50000
Estimated PPD: ~110000
So how many points should I earn after I finished the project?

When I open the Web Control it shows that I've earned 99k points and I've folded 7 WUs so far.

I need between 10-12 hours for 1 WU.

How many coins do I earn after finishing the WU?
If I earned the estimated Credit, I would earn about ~110k PPD (similar to the estimated PPD)
But it looks like that I only get the Base Credit for each WU/Project (7 WUs*15000=105k, similar to my earned 99k points)

Is something wrong with my settings because I only earn the Base Credit or is the estimated PPD wrong calculated (because with only the base credit my estimated PPD should be ~35k instead of ~110k)?

Thanks in advance for clarification and help.

Some of those WUs were probably ones that were dumped for fresh ones without being completed. This happens with people getting their rig folding for the first time with the starting and stopping and rebooting and what not. Also CPU WUs are worth much less.
You should earn the estimated credit for each WU, so 50k each. You are doing 2 per day so 100k per day. Every week or whatever you will squeeze in 3 in one day giving you 150k that day, which gives you your average of 110k.


EDIT: What do you have for hardware? Not sure what you consider pretty powerful but a system with a single 7870/7950/270/280 should get 100k PPD. You should be able to get a lot more than that if you have something like crossfire 290Xs or whatever.

Are you sure about those numbers?
I get 150000 with 2x r9 270(each do ~60k) + gtx770(~30k).
cpu=2500k, 13.12 amd drivers, 335.23 nVidia drivers.

Am i missing something? What can be done to boost performance beside overclocking?
If that cpu is folding on same machines as the gpus. Start by taking a look at your cpu load. If it is in the 90-100% range. Then definately pause cpu folding. Folding is not like mining. It requires more resources and heavier strain on cpu.  I don't own a 270 but im guessing it should do about the same as a 7950, which could do 75-90k depending on drivers and the cpu feeding it.
CPU is paused. Usage is ~50-70% on all 4 cores. Is there any performance comparison chart for different gpus? the gtx770 ppd also seem really low. Can Folding power(Light, Medium, Full) be set differently for cpu and gpus?

Edit: Has anyone tried new 14.4 amd drivers? Is there really performance boost?  ... https://folding.stanford.edu/home/new-amd-gpu-driver-improves-performance/

I am getting over 90k ppd on a single r9 270. Mind you it is overclocked and yes I am using 14.4 and they do provide a significant boost. If I had a better CPU and was using more cores to fold I could get another 10k fairly easily. So, yeah, a single system with a single 270 could theoretically get you 100k PPD. Most systems will be lower though, and those with 280s will be higher. That why I went with "7870/7950/270/280" because 100k falls somewhere in between a 7870 and a 7950.
392  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 05:46:37 AM
By spoiler did you mean like so..?  if yes, then it's the hastag # next to quote...

Ahh thanks...that's not exactly what I was trying to do but close enough...by spoiler I mean where you see a single line such as this:



and you can toggle showing/hiding the full content by clicking it.
393  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 05:21:19 AM
This looks very interesting. I have a pretty powerful gaming PC that I will use for folding. I've tested it for about 5 minutes, it showed me a rough 100k points per day. How much coins would this roughly equal?


Before I start using it 24/7 I will need to put some new cooling paste on the CPU, it is hitting 90c+ degrees...lol.


Thanks

See here:

https://bitcointalk.org/index.php?topic=603757.msg6722773#msg6722773

EDIT: What do you have for hardware? Not sure what you consider pretty powerful but a system with a single 7870/7950/270/280 should get 100k PPD. You should be able to get a lot more than that if you have something like crossfire 290Xs or whatever.
394  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 05:01:19 AM
Directed my bitcoin miner to this coin...

Is this coin sha and scrypt friendly?  I read that it's good for asic and gpu mining?

Mining is done with SHA algo...can use either ASIC or GPU for that. However, you get much higher returns using GPUs for folding rather than mining (and you help the scientific research...which is the point really). The scrypt algo is unrelated.
395  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 15, 2014, 04:25:19 AM
I've been running into a lot of hung work units.  The work unit will hit the end and just sit there forever at 99.99% with 3 seconds remaining.  I've done a bit of looking around and from what I've seen so far they say look for connection errors in the logs.  So far I haven't seen any but I have these hung work units on several computers.  I'm not sure how to resolve them but they certainly are hurting my production.

About the only thing I've been able to do so far is restart the computer without stopping the work unit first.  That seems to knock it back to a previous checkpoint and then it will process about 50% of the time after it redoes the work again which can take hours.

If I stop the work unit prior to rebooting it just sits are 99.99% again.  There must be an easier way to get around these.  Has anyone else been experiencing this?

After you complete a work unit you should see something like this in the log:

Code:
23:58:06:WU00:FS01:0x17:Completed 5000000 out of 5000000 steps (100%)

23:58:08:WU03:FS01:Connecting to 171.67.108.201:80
23:58:08:WU03:FS01:Assigned to work server 140.163.4.231
23:58:08:WU03:FS01:Requesting new work unit for slot 01: RUNNING gpu:0:Pitcairn [] from 140.163.4.231
23:58:08:WU03:FS01:Connecting to 140.163.4.231:8080
23:58:09:WU03:FS01:Downloading 4.84MiB
23:58:11:WU03:FS01:Download complete
23:58:11:WU03:FS01:Received Unit: id:03 state:DOWNLOAD error:NO_ERROR project:13001 run:534 clone:7 gen:14 core:0x17 unit:0x0000001d538b3db7532c93b7e185f3f6

23:58:26:WU00:FS01:0x17:Saving result file logfile_01.txt
23:58:27:WU00:FS01:0x17:Saving result file checkpointState.xml
23:58:29:WU00:FS01:0x17:Saving result file checkpt.crc
23:58:29:WU00:FS01:0x17:Saving result file log.txt
23:58:29:WU00:FS01:0x17:Saving result file positions.xtc
23:58:31:WU00:FS01:0x17:Folding@home Core Shutdown: FINISHED_UNIT
23:58:31:WU00:FS01:FahCore returned: FINISHED_UNIT (100 = 0x64)
23:58:31:WU00:FS01:Sending unit results: id:00 state:SEND error:NO_ERROR project:13001 run:162 clone:2 gen:11 core:0x17 unit:0x00000021538b3db753287d9b0d4519a3
23:58:31:WU00:FS01:Uploading 12.86MiB to 140.163.4.231
23:58:31:WU00:FS01:Connecting to 140.163.4.231:8080

23:58:31:WU03:FS01:Starting
23:58:31:WU03:FS01:Running FahCore: "C:\Program Files (x86)\FAHClient/FAHCoreWrapper.exe" C:/Users/admin/AppData/Roaming/FAHClient/cores/www.stanford.edu/~pande/Win32/AMD64/ATI/R600/Core_17.fah/FahCore_17.exe -dir 03 -suffix 01 -version 704 -lifeline 4596 -checkpoint 15 -gpu 0 -gpu-vendor ati
23:58:32:WU03:FS01:Started FahCore on PID 848
23:58:32:WU03:FS01:Core PID:2244
23:58:32:WU03:FS01:FahCore 0x17 started
23:58:32:WU03:FS01:0x17:*********************** Log Started 2014-05-14T23:58:32Z ***********************
23:58:32:WU03:FS01:0x17:Project: 13001 (Run 534, Clone 7, Gen 14)
23:58:32:WU03:FS01:0x17:Unit: 0x0000001d538b3db7532c93b7e185f3f6
23:58:32:WU03:FS01:0x17:CPU: 0x00000000000000000000000000000000
23:58:32:WU03:FS01:0x17:Machine: 1
23:58:32:WU03:FS01:0x17:Reading tar file state.xml
23:58:33:WU03:FS01:0x17:Reading tar file system.xml
23:58:33:WU03:FS01:0x17:Reading tar file integrator.xml
23:58:33:WU03:FS01:0x17:Reading tar file core.xml
23:58:33:WU03:FS01:0x17:Digital signatures verified
23:58:33:WU03:FS01:0x17:Folding@home GPU core17
23:58:33:WU03:FS01:0x17:Version 0.0.52

23:58:37:WU00:FS01:Upload 7.78%
23:58:43:WU00:FS01:Upload 17.01%
23:58:49:WU00:FS01:Upload 25.76%
23:58:55:WU00:FS01:Upload 34.51%
23:59:01:WU00:FS01:Upload 43.75%
23:59:07:WU00:FS01:Upload 52.49%
23:59:13:WU00:FS01:Upload 61.24%
23:59:19:WU00:FS01:Upload 69.99%
23:59:25:WU00:FS01:Upload 78.74%
23:59:31:WU00:FS01:Upload 87.49%
23:59:37:WU00:FS01:Upload 96.24%
23:59:39:WU00:FS01:Upload complete
23:59:40:WU00:FS01:Server responded WORK_ACK (400)
23:59:40:WU00:FS01:Final credit estimate, 63963.00 points
23:59:40:WU00:FS01:Cleaning up

00:02:17:WU03:FS01:0x17:Completed 0 out of 5000000 steps (0%)

What does your log look like for these hung units?

EDIT: Also does anyone know how to do a spoiler in this forum? I'm new here so sorry for taking up all the space with the log. Put it in a quote to make it a little smaller anyway lol

EDIT2: Thanks meelvanchris that's better.
396  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 14, 2014, 09:35:43 PM
Watching bittrex and I have to lol. There's a guy moving 2 cure coins back and forth trying to play the margins and inflate the price. Go lil' guy, go! Cheesy



He's even competing with himself on buy offers
397  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 14, 2014, 08:20:47 PM
Left my rigs folding for more than 1 day, still got nothing. Perhaps I should wait for another day to see what happens.

Your first work units have only just completed. So, yes, you will be credited with coins tomorrow (18:00 UTC)

Check your stats here:

http://folding.extremeoverclocking.com/user_summary.php?s=&u=657061
Im pretty sure you have that message in text document and are just copy pasting it by now Smiley
@fud(https://bitcointalk.org/index.php?topic=603757.msg6723135#msg6723135)

Hahaha no, but I probably should by now. I have been typing out individual responses the old fashioned way lol Smiley

Trading volume is hotting up on bittrex! I expect other exchanges will add Curecoin pretty soon.

There's a lot more volume moving around on C-Cex too...over 1000 cure coins traded so far.
398  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 14, 2014, 08:06:50 PM
Left my rigs folding for more than 1 day, still got nothing. Perhaps I should wait for another day to see what happens.

Your first work units have only just completed within the last 3 hours (after today's update). So, yes, you will be credited with coins tomorrow (18:00 UTC)

Check your stats here:

http://folding.extremeoverclocking.com/user_summary.php?s=&u=657061
399  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 14, 2014, 07:55:19 PM
Ok, I have been messing around all day and ptuiptuiptui I think I got rid of that 99.99% problem on most of my rigs. Might have been a overclock stability issue afterall  Tongue After something goes wrong I had to do a clean install both on the drivers and the F@H client to get things working properly again - no coming back otherwise.
Still having problems with rigs that have 3 cards in them and two 4 card rigs - they only work at 50% expected PPD. GPU utilization is 95% and CPU load 30% - exactly the same as on rigs that give me full expected PPD so I dont have clue where the problem might lie there. As the hardware,bioses, software is all 100% identical I will try format C tomorrow as a last resort and see if that helps.

What's your upload speed? When you finish a WU it has to upload a file that's several MB...if you have a poor connection or you have torrents going or something that could be causing an issue.

For PPD, the calculation is based off of the ETA...so if the ETA calculation is off (which happens occasionally), then your PPD will be off too. Also it depends on when the WU was started, so if you've had it paused or had a lot of idle time since you started, then all that time is added in to the ETA calculation, and your PPD calculation by extension. Once you complete that WU and start a new one, or sometimes if you just wait a while, the ETA/PPD numbers will get more in line with reality. If the GPU load is right, then there's probably nothing actually wrong.
400  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN CureCoin is launched 5/10/2014 on: May 14, 2014, 07:19:36 PM
5% PREMINE

Great idea but a currency for the people and 5% premined. So you want a small group owning a large amount of a currency? What a scam. This is not a currency, it is a stock investment. Stay away from any large premine scammers!

See below

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!

Yes.

At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them.  I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it.  And also, there is no good reason not to merge mine this.

The thing is, nobody had any idea what each curecoin would be worth until people started trading them. Their value is only just beginning to be determined, and we only have a few low volume trades to go by at this point, which may end up being meaningless in the long term. It could turn out that 800k cure do end up being worth millions or billions, and if so, I'm sure the devs have a plan for what they will do with all the extra at some point. No one has said that they are going to necessarily dump them for cash and keep it all for themselves.

Compared with the rarity of this coin (65 coins/10min such as Bitcoin) and the good idea behind this coin, it's pretty sure that the value for 1 CURE will be at least between 0.01 - 0.005 maybe even 0.1 BTC if it's successful. With knowing this I don't like it that 3 persons own 800k of this coin, that's simply to much. Although they have good aims. After 1 year there will be only ~3.6million CURE mined, so the devs still own more than 20% of the coin after 1 year.

And you can't tell me, that if this coin will be successful they won't dump them. Greed is a part of human nature and if they can become millionaires with this coin, I don't think they will relinquish it and rather continue to work on this coin.

He didn't even invest 1200$ of his own money, but the earned money from the IPO to get this coin started.

PS: I don't wanna say that the devs don't have good intenions with this coin, but greed is always greater than good intentions.

That's why I call for the devcoin approach.  I don't mind if he gets 3% of the coins.  Hell, I'd rather he have 10% of the coins, but only have them paid out as they're mined.  

+1
This would be a much better idea.

We understand the concerns. I suppose at this point, unless someone proposes some kind of alternate solution, it'll have to be based on trust. We did actually put in some of our own money, I threw about $2500 at it early on in the project. I'd be interested in some sort of 'lockaway' of the funds to ensure they're only paid out at the expected rate to devs, but I don't see a cryptographically-provable way to do that. If anyone has any proposals, I'm all ears Smiley

And also...

before i put more rigs on this, let's make sure it is not another scam waiting to happen.
1. what are the public addresses for the premine? the 3% premine wallet for the devs, the 2% premine i guess was given out to the LUCKY few investors, and the other 90% + premine wallet for paying folders out?

The next time I open the cold storage for the premine, Ill grab the address and post it, Ill be sure to do that asap. Soon the premine will be dispersed accordingly to different addresses. I imagine the donors wont want their address to be public, Ill ask them for their permission on that one. As far as Dev addresses, I have no problem posting those. Note: The plans for dev payment is to disperse the dev funds on a monthly basis proportional to the rate the folding funds and sha coin base is mined. The devs will not be receiving their entire % all at once. It will be slowly dispersed to the devs.  

Every single time a TX is sent from the premine wallet, Ill be using the comment feature to specify exactly what the funds are going to. I have curecoin.info reserved to serve as a ledger site for every tx we make with the premine.

Quote
Let's see some accountability from the dev team. Who exactly are you ? i mean if this turns out huge, and you have millions or billions of dollars of crypto held in your wallets, who are you?

This is me https://plus.google.com/u/0/+joshsmithCygnusXI/posts - This info is not hidden. If you google search curecoin you should see this profile come up. I have posted my profile already on this forum so if you were following the project you already know who I am. Im not covering myself in a Satoshi like secrecy. I am indeed a real person, I have a couple different office areas I can borrow for purposes of IRL meetings.

I have gone through the steps of making this a legit legally registered by the US gov business. The coins are property of Curecoin LLC, Therefor, if I were to steal anything from the premine it would be the equivalent of stealing from any other entity and you can all make sure I'm charged and sentenced.  We are working on creating a non profit foundation as well that will have a set of written bylaws that will enforce this even further.  

I have spent $700 trademarking CureCoin, you can verify this on the official USPTO website.
http://tmsearch.uspto.gov/

Word Mark   CURECOIN
Goods and Services   IC 042. US 100 101. G & S: Medical research
Standard Characters Claimed   
Mark Drawing Code   (4) STANDARD CHARACTER MARK
Serial Number   86147389
Filing Date   December 18, 2013
Current Basis   1B
Original Filing Basis   1B
Published for Opposition    May 6, 2014
Owner   (APPLICANT) Smith, Joshua INDIVIDUAL UNITED STATES 4070 Wilder Rd BAY CITY MICHIGAN 48706
Type of Mark   SERVICE MARK
Register   PRINCIPAL
Live/Dead Indicator   LIVE

Note: The address is a commercial store front in which Im able to borrow office space from. I do not own the business there, Im just allowed to use it for meetings and work space.

I spent another $500 having Curecoin LLC professionally established.
http://www.dleg.state.mi.us/bcs_corp/dt_llc.asp?id_nbr=E3263P&name_entity=CURECOIN%20LLC

ID Num: E3263P

Name:CURECOIN LLC

Type: Domestic Limited Liability Company
Resident Agent:  UNITED STATES CORPORATION AGENTS, INC.
Registered Office Address: 336 W FIRST ST STE 113    FLINT   MI  48502
Mailing/Office Address:          
Formation/Qualification Date:12-2-2013
Jurisdiction of Origin:MICHIGAN
Managed by: Members
Status: ACTIVE    Date: Present  

You can verify this here http://www.dleg.state.mi.us/bcs_corp/sr_corp.asp


Quote
why won't someone else come along and do exactly the same thing without 3% premine and 2% given to a few people that donated before you closed the donation period?

The 2% for donors was a necessary part of launching curecoin. Without their investment Curecoin would not exist today, sure, you can call them lucky, but they took a risk on my project and that's how the investment world works. As far as the 3% for the devs, Curecoin has been (1 and a half years in the making) and will be my full time job. We will be providing pretty much 24/7 support and maintaining and upgrading the folding pool.
If you can find someone that will do that for free, then by all means do it.

If I have missed anything here please let me know. I have been answering questions all night long on the forum, through emails, and so on. I had to make myself some coffee which I rarely do. I'm so proud of this project that I think Ive been up for 24 hours now working away at it. Team Curecoin is currently already the fastest folding team on earth. Is that not amazing?
See here http://folding.extremeoverclocking.com/team_list.php?s=&srt=5

http://folding.extremeoverclocking.com/team_summary.php?s=&t=224497
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!