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Awesome contribution, thanks for the mining pool!
I added it to the Blog announcement, plus I added a link to SGMiner for Windows - since that is a real easy to use program for mining on GPU's and such.
I also added Bounties to the announcement. We're looking for an Android Wallet & a Paper Wallet and willing to give 1,000,000 GryfenCoin each. PM me or the Baron for more details.
And we're working on the options market - it has been a process. We have had to redo a few things due to security testing results but we're looking at about 1 week away from the release and you'll be able to purchase shares that will yield coins or have recurring coin deliveries set up inside of the application. We have the mobile version of the interface done - I've just held off posting pictures because the Desktop version looked...bizarre... until last night when we brought it up to the standard. Sorry for the delays on this. I want to have something hit the market asap so I can start getting feedback but at the same time I don't want a scenario where everyone loses coins because of simple code bugs.
I added it to the Blog announcement, plus I added a link to SGMiner for Windows - since that is a real easy to use program for mining on GPU's and such.
I also added Bounties to the announcement. We're looking for an Android Wallet & a Paper Wallet and willing to give 1,000,000 GryfenCoin each. PM me or the Baron for more details.
And we're working on the options market - it has been a process. We have had to redo a few things due to security testing results but we're looking at about 1 week away from the release and you'll be able to purchase shares that will yield coins or have recurring coin deliveries set up inside of the application. We have the mobile version of the interface done - I've just held off posting pictures because the Desktop version looked...bizarre... until last night when we brought it up to the standard. Sorry for the delays on this. I want to have something hit the market asap so I can start getting feedback but at the same time I don't want a scenario where everyone loses coins because of simple code bugs.
Hey, not to bother because I know you are hard at work, but the mining could also use some work. We have now been stuck on a difficulty 800 for about a day; is this because of the random difficulty as outlined in the white paper? The network at current capability will “on average” not be able to solve this problem for about 4 days.
I also have my fear that your random reward is not random and people are blasting the network with hash when the super blocks come up which is why we see the spike on the current block of 511 m/hash whereas for all previous blocks it is about 10. Either that or some weird interpretation of the random difficulty reset but it was unclear if you actually implemented that. Clearly the network is not at 511 m/hash because if it was that block would have been found in less than 2 hours.
I have left the wallet running on all six of my rigs because I think your project is cool. I also syphoned a few gpus over to Gryfen, but since launch the hash rate has been on average ~10M hash and in total I have now mined “only” ~300K coins (about ½ of what hash-harder has). You might want to consider a different reward scheme for mining because while mining does not need to initially profitable at some point down the line it needs to have a chance to be profitable or es. Right now even if you got every block minted per day regardless of how much the price goes up it will never be profitable. This will lead to a weak network as you will have no nodes.
Also, I assume you want this coin to be solo mined because if you have large random block reward but everyone pool mines then utility theory kicks in and the average payout as time approaches infinity is the same with or without variance in black size…unless of course you know when the blocks are coming and can manipulate your probability of getting a large one.
dude you have 300k coins?!!? sounds to me like you're doing fine.. maybe you should slow down a little
