"The great disclosure":

Mining is not intended to be profitable. It's purpose is to secure the network and support scalability, so it's pays enough to have enough still mining. Mining was not invented to support a certain lifestyle with cutting edge hardware and open windows in the mist of winter. Sorry. It' has been purely coincidental that rise in price have followed an exponential function and by that, have generated a larger than intended profit for miners.   

I have 100 PPC that I received over a month and half ago. I have everything I believe setup right. The wallet says that it is unlocked for block minting only. I have left it running for the better half of a week now and my stake is still at 0 with nothing going on in the transactions. How long does one usually have to wait to see something?

 I've googled this specific question a hundred different ways and cant seem to find an answer. 

We dont need an XPM market, end of story

Well, I don't think it'll be another Mincoin or SC2 though because the long expanse in which PPC has been issued since its genesis was reasonably fair and the change in reward is based partially on the userbase and partially on an arbitrary algorithm released by the original designer, rather than just the latter.  When the deflation isn't 100% dictated by the designer and is effectively created by the work of the userbase, I think it's a different scenario.

I don't think it's a guaranteed result either, but I'm happy to mine it when I know that dumping my ASICs onto it decreases the supply of the currency more than it does for Bitcoin.

We've yet to see what happens with elastic reward coins when hash rate increases exponentially.  I think it's silly to call PPC "worthless" too, as it was the original PoS coin and most of the other current PoS coins are just clones of it.  The same argument went for LTC and LTC has experienced more growth than I ever anticipated.

It just happens to be going up on all sites....

K.

Hi guys, we are designing a currency for Venezuela and we would like to know your insights about limiting the mining and trading to a specific country, in this case Venezuela. Is that a good idea or even possible?

The purpose is to mine and trade with venezuelan currency, which is 'bolivares', and since nobody in the world wants them and foreign exchange is restricted in our country it would be a good idea for venezuelan miners to get paid in bolivares so they can spend it for daily living while people buy the alt-coins for savings. So, slowly we change our shitty bolivares for XVEs and in a matter of years we may be able to start an exchange to trade XBTs for XVEs, you know, like in a real world monetary system (without govt intervention of course).

See, our currency just got debased 600% in one year and we are sick of government robbing us at gunpoint.

No, we can not buy BTCs (the main purpose of a world currency like BTC) because we have no access to dollars, euros, yens or whatever strong currencies and nobody takes our bolivares.

Believe me when I tell you we are fucked.

Ideas?

The price keep going up

Agreed....

For the record I have no issue with mcxNOW other than Realsolid aka Coinhunter aka Notyep aka rlh and a few others.

mcxNOW is an interesting concept with potential, too bad it will used to eventually build a massive store of funds that will be mysteriously hacked and RS vaporizing.

BTW, do some research on Moonco.in, that was Coinhunter.


~BCX~

I understand, but why would anyone want to destroy an anlternative cryptocurrency (since it's completely voluntary and nobody is forced to use it)?

Besides that, competition to bitcoin is good, since we have more alternatives and it forces bitcoin developers to improve it faster.

I see, but what's the advantage of attacking him? I mean, you have freedom of speech, but it seems a personal
issue between you and him.

What's your goal? What do you expect from those attacks?

Maybe you could simply mine one or both of the really low difficulty merged mined coins, quietly building up a large stash of them so that you will be in position with lots of them when they go onto pools and exchanges? Unfortunately it is already too late to jump on I0Coin and GRouPcoin as they already did go onto pools and, at least in I0Coin's case, exchanges. It is too bad you didnt' pick up those while they were easy. But CoiLedCoin and GeistGeld are still easy to get. The nice thing about the merged mined coins is you can expect them to have decent difficulty very rapidly, look at I0Coin and GRouPcoin now for example, just getting onto bitparking's mmpool jacked their difficulties way up. So if you pick up CoiLedCoin and GeistGeld now before that happens to them too you could end up with a large stash of well secured (high difficulty) coins very rapidly once they do get picked up. In fact you might prefer they not get picked up for some time, so you can have more time to build your national warchest before it happens.

-MarkM-

While mcxFEE shares may very well be overpriced, you can't apply same reasoning to mining equipment and shares of an exchange.  Mining equipment is a depreciating asset, that will eventually have near zero value after it is not worth paying for electricity to run it.  Therefore, it is important to consider the total dividends that will be generated before the asset value reaches zero. Businesses, on the other hand, are generally not expected to decay to zero value.  In the case of a new and growing business such as mcxNOW, earnings are expected to increase over time, thus increasing the present value of the shares.

It probably was from "davidpate" (see in the rich list).

Now, having said this, ... understand that there's nothing stopping anyone from attempting some regional crypto currency.   There are several that have already been tried with others being attempted now.  Here's one:
 - http://bitcointalk.org/index.php?topic=287485.0

It probably was from "davidpate" (see in the rich list).