Welcome new scamcoin!
If you want to present that opinion, can you back it up? its centralized and therefor insecure, and you take a 10% cut the money mined. Most of the 10% goes back into the community directly, the rest goes for paying for services that CureCoin needs, such as servers. Centralization will fade out as adoption occurs, and only some payout is semi-centralized, the rest is distributed in decentralized mining.  liar(or you don't understand the technology behind your own currency, and you fail) For starters, I'm not developing the currency. But what exactly am I lying about? The 10%? 30% of that (at least) will go into buying NVidia hardware for giveaways to folders, the rest is carefully budgeted out, I can pull up the list if you would like. There are two main areas of centralization that this currency will have at launch: pool for folding rewards, and the research projects the rewards are based on. The 2nd centralization point will disperse as more and more projects are supported by curecoin, so if F@H servers go down or are compromised, it has a much smaller impact on the coin. Additionally, the first type of centralization (pool for distributing coins) is a tough one to solve, but the dev is thinking about systems such as trusted pools, perhaps run through people that do stuff such as escrow and are trusted community members, and creating a system where they would do large parts of the folding distribution. |
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Welcome new scamcoin!
If you want to present that opinion, can you back it up? its centralized and therefor insecure, and you take a 10% cut the money mined. Most of the 10% goes back into the community directly, the rest goes for paying for services that CureCoin needs, such as servers. Centralization will fade out as adoption occurs, and only some payout is semi-centralized, the rest is distributed in decentralized mining. |
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DGC sent
Status: 11 confirmations, broadcast through 6 nodes
Date: 8/9/2013 13:21
To: Vorksholk DQssyydr7Ac5KtqyDArXcku4ymu3R9WKDZ
Debit: -1000.00 DGC
Net amount: -1000.00 DGC
Transaction ID: 6d3e8df82fde7f521b628909dadff7abefc075609e1428548957a647bb28f485
looks like coconutboy and gypsydanger will be fighting for the 2nd spot DGC bounty , both are moving up fast. 2nd spot is a decent bounty at 500 DGC !
DGC bounties left to win
Second team member to gain 2,500,000 points - 500 DGC PRIZE
3rd to 8th member to gain 2,500,000 points - 100 DGC PRIZE
Awesome, thanks!  Cheering for coconut, cause titan xD haha, thanks man. TWO TITANS FULL STEAM AHEAD!!!! its so bloody hot in my place. they are running at 85 degrees a piece. lol Wow! My 780's at 80, and I was annoyed by that xD |
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Looks cool |
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Welcome new scamcoin!
If you want to present that opinion, can you back it up? |
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does this project reward folders that find more potential solutions to medical problems more than it rewards folders that find fewer potential medical solutions?
it appears that the income is distributed not by their contribution to the medical industry, but by their contribution to the folding network. is that right?
It's simply based on the amount of 'points' they receive, which is the amount of raw processing they have done. Nothing is weighed by either importance, or benefit to any industries. |
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Thanks Vorksholk for this well informed post!
Would you mind if I use this on my website? I will mention you and link back.
Go for it! What website are you putting it on? |
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DGC sent
Status: 11 confirmations, broadcast through 6 nodes
Date: 8/9/2013 13:21
To: Vorksholk DQssyydr7Ac5KtqyDArXcku4ymu3R9WKDZ
Debit: -1000.00 DGC
Net amount: -1000.00 DGC
Transaction ID: 6d3e8df82fde7f521b628909dadff7abefc075609e1428548957a647bb28f485
looks like coconutboy and gypsydanger will be fighting for the 2nd spot DGC bounty , both are moving up fast. 2nd spot is a decent bounty at 500 DGC !
DGC bounties left to win
Second team member to gain 2,500,000 points - 500 DGC PRIZE
3rd to 8th member to gain 2,500,000 points - 100 DGC PRIZE
Awesome, thanks! Cheering for coconut, cause titan xD |
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if there's something in it for miners besides 'feeling good', i would gladly.
making me 'feel good' isn't gonna pay my bills, so without any reward, not a chancei n hell.
The currency will be split 45/45/10, with 45 going to miners, 45 going to folders, and 10 going towards supporting the network infrastructure, improving the coin, giving away hardware to folders to increase folding rates, pay for servers, etc. So folders will get money. That's why I'm so excited xD |
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Well, it looks like we are rank 1206 and Vorksholk has an impressive lead! The bounty will go to him for 0.15 BTC, good work Vorksholk, let me know your address Need your DGC address for the dgc bounty, you are a few points away from it . Good job! edit, total bounty just won is .15 btc + 1000 DGC PRIZE  DGC: DQssyydr7Ac5KtqyDArXcku4ymu3R9WKDZ Thanks!! Well, it looks like we are rank 1206 and Vorksholk has an impressive lead! The bounty will go to him for 0.15 BTC, good work Vorksholk, let me know your address Thanks! Responded to your PM Congrats man!!!! There is no way im catching up with you on my one machine, but i WILL be your second in command. that #2 spot will be mine in a couple days! Awesome Did you decide to go for that 2nd titan? Looks like your PPD is fairly high for one of them. |
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Awesome, thanks you! |
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Well, it looks like we are rank 1206 and Vorksholk has an impressive lead! The bounty will go to him for 0.15 BTC, good work Vorksholk, let me know your address Need your DGC address for the dgc bounty, you are a few points away from it . Good job! edit, total bounty just won is .15 btc + 1000 DGC PRIZE DGC: DQssyydr7Ac5KtqyDArXcku4ymu3R9WKDZ Thanks!! Well, it looks like we are rank 1206 and Vorksholk has an impressive lead! The bounty will go to him for 0.15 BTC, good work Vorksholk, let me know your address Thanks! Responded to your PM |
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Vorksholk explains things much clearer than i do...  - edit - i feel a bit silly for my lack of response. i did start a technical rant until i got 2 or 4 pages into skimming his previous posts. so i erased it due to knowing this particular user knows nothing about crypto. this is pretty user friendly explanation of the complexity of curecoin. Is Vorksholk the hidden Satoshi mind behind curecoin?  mystery.... yep, im sure of it, vorksholk is one of the mystery dev helping to build curecoin. he knows too much  Mystery dev, doesn't that sound fun? Heh, I wish my C skills were that good. |
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Everybody's stealing my signature xD
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Reserved as well. |
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At position 1,200 sits a team with 9,135,000 points, while we have 8,786,803 points. We earned 1,000,000 points in the past day, and we only need less than 500,000 to beat rank 1,200. Within a week at this pace, we will be somewhere in the top 800-900 teams, and within a month, we'll easily be in the top 500 at this rate. |
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http://folding.extremeoverclocking.com/team_list.php?s=&srt=548th place in points for the current day across the entire folding network. We have made a bigger space between us and Pande Labs / team intel Team reddit will make a good next target Obviously these teams have more total points than us because they have been folding for up to 13 years ( fah was one of the first dcn). we are in the top 100 for all categories of performance except for total points. Team reddit is aroud 3,000,000 PPD, and an ATi card that generates 550kH/s scrypt mining is capable of 82,000 PPD. We just need around 24 more 7950s! Total points is around the only obstacle, but in due time we'll make good work of that. Cheers! |
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Just a quick question, since I am very interested in your project.
is there a Curecoin wallet somewhere? And do you scrypt mine Curecoins as well as join the Folding@home team? Or do you pay out with various other cryptocurrencies for Folding work being completed? In which case, what wallets will I need to get set up, looks like some of the bounties have been paid in various currencies.
Lastly, will a small folder like me, who won't be able to win any races to X million points be able to get any rewards for folding?
Unfortunately there is not curecoin wallet yet, that's coming soon though for the beta release Curecoins are 'mined' with scrypt, however 45% of the coins are awarded to the person who mined the block (or the pool that did so), while 45% go to a pool that distributes them to the folders based on how much folding power per day they are running/have. The main bounty that I'm reaching for right now is Digitalcoins, the pool pays out everyone in Globalcoins, there was a primecoin bounty for something, and I think there was something to do with a smattering of FreiCoins, though I'm not so sure about that one anymore, it might have been something else. Right now, you'd probably just about break even with electricity (depending on your electric rate), because of the Globalcoins everyone receives for folding. However, once CureCoin is released, it's extremely likely that you will be able to make some good profit, just like small-time scrypt miners can do nowadays. The bounties are the high-hanging fruit right now, but soon CureCoin will be a pretty even playing field, and you can either mine or fold to make pay for electricity and then some. |
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looks like you are pulling around 300k a day? is that right?
I'm pulling around 700,000 PPD a day, I think. |
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It seems like a good project. However, will it have any value, that's the question. Don't get me wrong this is a good idea and it looks like some sort of work went into this unlike other knockoff coins.
The value that a coin has is the value that people put into the coin. If the community can do a good job of making businesses accept CureCoin, I can see it holding quite some value. We'll have to wait and see, but I have high hopes for it |
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