You can buy it on PMC via the exchanges. We also have a new exhange listed that accepts $, but the order book needs time to build up before you see any decent prices.

People won't really accept Paypal due to the total lack of buyer protection for the other person.

It just disheartens me to see coins like that receiving so much hype and exposure when a coin like PMC which is designed to be more stable doesn't get a look in. Too many people want to get-rich-quick and pump-and-dump. That's why there aren't that many Bitcoin millionaires. Those who got in early on never expected it to be the success it was and so sold them long before the prices went sky-high.

I don't see how Premine is any different to that. Look at our pricing, and consider all the altcoins right now going down in value. Think about it. Also consider the price of PMC when Bitcoin's price goes back up.

I'm seriously just considering dumping a lot of the other altcoins I hold and just buying up PMC. This feels like the early days of a coin before it gains massive market acceptance, which is why I am still here.

For all the hype of Maxcoin, just look at where it's heading.

You can't profit-mine PMC to death like other altcoins. Our prices may vary due to lower exchange volumes, but we're back up to 0.00072 on Poloniex.

Maxcoin has become a victim of its own success. It's getting driven down just like Litecoin did. It's just become the next coin to profit-mine, and so they all get dumped for profit. The profit-miners far exceed the market speculators. That's why the price is going down and will continue to go down.

I'll stick with Premine, thanks.

PMC; safe from profit-farms.

This has been posted several times here now. We get it. Spam somewhere else.

White Paper Of VisaCoin.

I'm not 100% certain if that is the final revision he posted, but I believe it was.

Prebit sounds quite good.

I've increased my block rewards ten-fold; all rewards will be at least 0.001 PMC now, but because of how my script works the value also goes up by a Premoshi provided the network speed remains relatively constant. There's also some other factors that can increase the reward by many hundreds of Premoshis.

How does Premoshi sound for the smallest unit of PMC?  

@Ait: Arr.

That's quite a nice analogy. Yes. The treasure chest can be dug up at any time. The pirate with the faster ship will stand the best chance of finding it first.

The block will just keep filling until someone solves the block and a new one is generated. They are independent processes. Like pouring sand into a row of cups. How much sand ends up in each cup depends on how quickly the row of cups is pushed across the table.

That's a lot of PMC to be giving away. Do you think it would have an impact if I matched that level for a few weeks? I can afford to, but obviously my supplies are finite as well. I could try it for a few weeks. Right now my payouts are around 0.0001, but I could up that to 0.001.

The transaction fees are taken out of your own coins. So you're basically donating your PMC to new blocks on the network.

When you send PMC to someone, sometimes you have to pay a transaction fee. This transaction fee will go into a new block on the network. This block will keep filling up until a miner mines the block, and he gets whatever PMC is in the block; in this case the transaction fees.

What Mine and Johhny's script does it send PMC to ourselves. Over and over again. Generated a steady stream of transaction fees. These end up in new blocks on the network, which miners get when they mine new blocks. Hence "Block Rewarder".  

We are basically injecting our own PMC into new blocks for miners.

With all the development going on with PMC lately it's not too surprising. Worth owning a handful now given how rare the coin is. less than 500,000 total supply. Who knows what they could be worth in a few months. Low risk, potentially big reward.

Will look a lot nicer in a few weeks I'm sure. 

Yes. It was eating through 100 PMC a day when I started using it. It's still running now, but on drastically less PMC so it can run continuously.

JohnnyVicious also has his own Block Rewarder. His currently generates much higher block rewards than mine, but I believe he also has a decent amount of mining power to make it more sustainable. Mine is running off donations, but I know he's also been using PMC he bought as well.

I'm happy to run promotional runs where higher levels of PMC are injected into new blocks but to make it successful the promotion needs high visibility. So I would be happy to inject 100 PMC into the block rewards on Sunday if we can draw enough attention to it.


No. That was the initial idea, but that became an unworkable solution to get functioning properly and would take a significant amount of work.

Check some blocks on the block explorer.

Nullu's Block Rewarder; 1Nt7T8VKi64mPtLZTkxv8cs3745RE4JfDY:
JohnnyVicious' Block Rewarder; 1FREE145aEP2FHcNWJx83r887L7DU1mH6V

You can see his is a lot more aggressive in how much PMC he transfers to himself. Mine is slower but I have no problems running it 24/7 without any slowdown. JohnnyVicious' script does create more traffic, though.

Well, small consensus. I guess if MtGox coins are lost forever it would gain a small but loyal following.

We need some comments on that article defending Premine! 

It's like a system restore point by community consensus. 

The addition of 2.

Works like a charm. I can finally carry PMC around with me wherever I go.

This coin has a fantastic level of support. One to keep an eye on this year for sure.

I think I know a way to create an automated lottery-based system that kbroadfoot was asking me about.

My original script that I wrote that uses the online block explorers could be re-purposed with my current block rewarder script to scrape a list of receiving addresses to a target address; all you'd need to do is donate x amount of PMC to the address specified, and the script will automatically pick a winner or multiple winners.

I would still need to organise it from the point if picking a new address every time a new draw started, but the rest would be automated, so little work from that point of view.

Let me know what sort of ticket price and payout structure you would like, and I'll work on it this weekend.