whats the diff?
"difficulty" : 0.16611662, |
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Price is about jump so I'm selling  It won't jump if a lot of people don't have them. Have to spread it out to make it rise. That's why I'm only selling 80k more and keeping the rest |
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Lots of talk of this one hitting exchange soon, so for today (7/13) only I'm going to offer:
200 GLX for 1 LTC
2000 GLX for 8 LTC
20000 GLX for 70 LTC
That's more than 50% off from what I've been getting for these the past two days, but I want to see them in more hands before the trading really starts. Everyone else is still selling them at the standard price of 100, 1000, and 10000 for the same amount of LTC. This is your last chance to stock up before the price really goes up!
Also accepting BTC, as well as any other established coins. Make an offer here or in PM's
Only setting aside 80k total GLX to trade at these prices, so buy fast or miss out on another coin!
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funny to mine this coin.
Yea its a fun one to mine |
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Why are the smaller miners owed more?
Bitcoin mining works by compensating miners for their computations that go toward securing the blockchain. It's not supposed to be a socialist "everyone gets money!" welfare system. Why should that compensation be anything but directly proportional to the work contributed? (Not to mention the complete infeasibility of any other scheme.)
Well, a coin *could* be designed were the contribution of each individual could be equal to the blockchain (or whatever other mechanism) security. In that case, having tons of hardware would not be helpful and thus you would not have "big" and "small" miners. Of course it could not be a hashcash derivative ... How to design such a coin is hard, it could even be impossible (bizantine generals problem was bypassed by bitcoin in an elegant yet power hungry way using hashcash). On the other hand, the OP speaks of mining, previously tried to make some money by buying / selling back some crappy domain names, ran some polls with equally crappy ideas ... so he probably is in no way bringing real new and innovative ideas to the cause. Also putting a 1% tax for himself on the money supply ... lol, much worst than a premine ! (but at least not hard for some motivated group to hard-fork and get rid of it) Finally someone who gets it. The hard fork idea is a good one. I like this guy but I think a few of us should get together and eliminate his tax should this go live. Not to screw the guy but to prove a point not to fuck with the people who are trying to support you. I would be willing to throw all my hashes at it just to get the point across |
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are you guys just messing with us or do you seriously not understand these issues...? we would be happy to explain the problems but it seems like you guys just don't care to hear the truth
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Why are the smaller miners owed more?
Bitcoin mining works by compensating miners for their computations that go toward securing the blockchain. It's not supposed to be a socialist "everyone gets money!" welfare system. Why should that compensation be anything but directly proportional to the work contributed? (Not to mention the complete infeasibility of any other scheme.)
Now that I think about it, I have an answer. The compensation shouldn't be directly proportional to the work contributed because the work isn't the only thing that matters. Would you feel safe using Bitcoin if there was only one miner? No? Even if he had a gazillion TH/s? Spreading the block rewards wouldn't address the issue that a single miner is in control of the network and can more than easily do a 51%-style attack. I think our words are falling on deaf ears my friend. Either that or there is a SEVERE lack of understanding the point of these coins or how they work... |
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Yeah I believe he is not the type that is looking to pump and dump. As for truly wanting to help the little guy, that I am not 100% on yet, as he has been trying all kinds of ideas which he thinks might draw a lot of people. Let's not forget his first few ideas, such as the Catholic Coin, which he himself said he wanted as he believed it would draw in a lot of Catholic miners to come mine for him. He is trying to promote the coin as the "Miner's" coin, yet almost every coin the miners get 100% of the coins. So how are we supposed to see getting less as a benefit to miners everywhere. I think he means well with his idea of handing out bonuses to the little guys, but since he has already shown a lack of even the most basic concepts, I don't think he realises how easy it would be for people to "trick" the system into giving them multiple bonuses. I still want to hear his idea of how his VGB protocol will automatically filter things like this out.
I do like the guy though. But I have no idea why.
I'm willing to bet he is just one of the small fish miners he wants to help, which is fine, but why should we have to help support small miners that don't want to invest their own money into rigs to compete with those of us that have tens of thousands of dollars invested? I see no point in paying for my equipment and electricity if I have to share it with other people automatically. I don't mind voluntarily donating to a pool I'm using. However, when a cut is automatically taken out of EVERY block just to be handed out to people who don't want to risk their own money buying proper equipment, as well as a cut going to the person who hired someone to write code for him...that I have a problem with. Unless you want to pay 11% of my electricity and GPU costs, I see no reason to give you 11% of my mining rewards. That is just the tip of the iceberg, though. The centralized, controlled by one person wallet that is given to these small miners is a whole different (and substantially the bigger of the two) issue in itself Yeah, cause those big GPU farms totally don't make a gazillion dollars in profit. You act like everyone has tens of thousands of dollars to invest into mining, and they just choose not to. Why are the smaller miners owed more? Bitcoin mining works by compensating miners for their computations that go toward securing the blockchain. It's not supposed to be a socialist "everyone gets money!" welfare system. Why should that compensation be anything but directly proportional to the work contributed? (Not to mention the complete infeasibility of any other scheme.) Now that I think about it, I have an answer. The compensation shouldn't be directly proportional to the work contributed because the work isn't the only thing that matters. Would you feel safe using Bitcoin if there was only one miner? No? Even if he had a gazillion TH/s? Then it would be centralized with one person controlling all new coins. Your point was a bad one just let it go. Seriously how hard is this to understand...? |
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Might as well just call it CommunismCoin at that point
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Yeah I believe he is not the type that is looking to pump and dump. As for truly wanting to help the little guy, that I am not 100% on yet, as he has been trying all kinds of ideas which he thinks might draw a lot of people. Let's not forget his first few ideas, such as the Catholic Coin, which he himself said he wanted as he believed it would draw in a lot of Catholic miners to come mine for him. He is trying to promote the coin as the "Miner's" coin, yet almost every coin the miners get 100% of the coins. So how are we supposed to see getting less as a benefit to miners everywhere. I think he means well with his idea of handing out bonuses to the little guys, but since he has already shown a lack of even the most basic concepts, I don't think he realises how easy it would be for people to "trick" the system into giving them multiple bonuses. I still want to hear his idea of how his VGB protocol will automatically filter things like this out.
I do like the guy though. But I have no idea why.
I'm willing to bet he is just one of the small fish miners he wants to help, which is fine, but why should we have to help support small miners that don't want to invest their own money into rigs to compete with those of us that have tens of thousands of dollars invested? I see no point in paying for my equipment and electricity if I have to share it with other people automatically. I don't mind voluntarily donating to a pool I'm using. However, when a cut is automatically taken out of EVERY block just to be handed out to people who don't want to risk their own money buying proper equipment, as well as a cut going to the person who hired someone to write code for him...that I have a problem with. Unless you want to pay 11% of my electricity and GPU costs, I see no reason to give you 11% of my mining rewards. That is just the tip of the iceberg, though. The centralized, controlled by one person wallet that is given to these small miners is a whole different (and substantially the bigger of the two) issue in itself Yeah, cause those big GPU farms totally don't make a gazillion dollars in profit. You act like everyone has tens of thousands of dollars to invest into mining, and they just choose not to. Not to be rude, but that's not my problem. I shouldn't have to pay 11% to them regardless of their reasons. My point is that people like me who DO have tens of thousands in equipment are going to avoid this like the plague. May as well make it CPU mining only because anyone with any real hashpower isn't going to give 11% away for free |
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I would like to see red coin on there too. Galaxy coin is being traded a lot as well and I believe is ready for an exchange already. I personally have run through almost 200k galaxy coins in trades in the past 2 days with it so there is definitely a lot of interest in it as well as a lot of different people holding on to significant amounts of it at this time
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Yeah I believe he is not the type that is looking to pump and dump. As for truly wanting to help the little guy, that I am not 100% on yet, as he has been trying all kinds of ideas which he thinks might draw a lot of people. Let's not forget his first few ideas, such as the Catholic Coin, which he himself said he wanted as he believed it would draw in a lot of Catholic miners to come mine for him. He is trying to promote the coin as the "Miner's" coin, yet almost every coin the miners get 100% of the coins. So how are we supposed to see getting less as a benefit to miners everywhere. I think he means well with his idea of handing out bonuses to the little guys, but since he has already shown a lack of even the most basic concepts, I don't think he realises how easy it would be for people to "trick" the system into giving them multiple bonuses. I still want to hear his idea of how his VGB protocol will automatically filter things like this out.
I do like the guy though. But I have no idea why.
I'm willing to bet he is just one of the small fish miners he wants to help, which is fine, but why should we have to help support small miners that don't want to invest their own money into rigs to compete with those of us that have tens of thousands of dollars invested? I see no point in paying for my equipment and electricity if I have to share it with other people automatically. I don't mind voluntarily donating to a pool I'm using. However, when a cut is automatically taken out of EVERY block just to be handed out to people who don't want to risk their own money buying proper equipment, as well as a cut going to the person who hired someone to write code for him...that I have a problem with. Unless you want to pay 11% of my electricity and GPU costs, I see no reason to give you 11% of my mining rewards. That is just the tip of the iceberg, though. The centralized, controlled by one person wallet that is given to these small miners is a whole different (and substantially the bigger of the two) issue in itself |
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All the .conf suggestions don't work. Anyone have a working .conf file?
Just use the same conf file for every coin. Copy paste it change the filename and nodes and mine away... |
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suck my Muslim, Muslim Brotherhood supporting dick you piece of idiotic scum.
LOL so I guess you are one of those nice moderate peaceful Muslims Perfect example of why this needs to be shut down. People need to be careful. There is a very fine line between just playing around or being a serious backing for a shitty group. People are dancing far too closely to that line with this one at the moment This is the kind of negative, unwanted attention that could spark mainstream media to cover and twist around which could literally ruin the entire cryptocurrency scene You may think I'm making a mountain out of molehills here, but think about it...they have done far worse for much less serious things than helping a borderline terrorist group raise money |
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need an exchange for this coin, so many trades!
It will happen soon. That's why I'm pushing so hard to trade them first before it does. The more different people that have them the more active the exchange will be when it hits one |
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I also have 3k worht of coins to sell pm me!
I hope you sell yours too. Its a fun coin and I'd like to see them spread out a little more and get into more peoples hands |
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Vlad has good intentions, but his stubborness to getting his 1% of everything mined is going to be his downfall, provided his other protocols aren't completely retarded and actually live up to the hype he's setting for them.
I like the guy, but I think he will be the thing that ruins it if he keeps getting so upset when people tell him they don't want to be forced to give him 1% of the total coins, as well as the 10% "let's centralize a currency that is fundamentally designed to be decentralized" idea
As you say, even if we ignore those parts, what are we left with? The "VGB protocol" (which a non-programmer thought up?) that magically identifies small miners and rewards them a relatively bigger share. Until a very good explanation comes forth, he might as well say "magic". "MagicCoin" might be a catchy name. Exactly. I'm on your side here. To be fair though, he does say he works in economics and I would rather an economist come up with a new idea than a programmer when it comes to distribution, but I agree with you, so far everything is looking not so great I do think Bitcoin/derivatives could use a bit more economic attention toward figuring out what the optimal block reward values and progression are, whether a maximum cap is a good idea, etc. But the idea of being able to securely identify small miners (as opposed to powerful miners trying to look like many) is much further on the programming / network security side. (And I don't think his few stated ideas on the economic side are that great. Making a currency that's focused all on benefiting the money printers is a huge mis-step! Holy shit, how does this not ring more alarm bells to people?) I'm not sure why people aren't concerned. At the same time, I'm not quite convinced that Vlad is going in the right direction at all. We will see what his big hyped idea is, but it seems as if he is completely missing the point of what a cryptocurrency does and why things are set up the way they are. It just sounds like a money grab at this point which is unfortunate because I believe he is sincere in wanting to help the smaller miners but this is just so far off that its basically pointless |
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From their website:
For each Allacoin unit produced 10% will be donated to the muslim brotherhood foundation to preach Islam, teach the illiterate, set up hospitals and promote sharia law worldwide.
Yeah, I think I will pass. Teaching the illiterate and setting up hospitals would be great but yeah.... no thanks.
Agreed. I would gladly support a cancer coin, but I cannot and will not support terrorist training or terrorist groups |
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Vlad has good intentions, but his stubborness to getting his 1% of everything mined is going to be his downfall, provided his other protocols aren't completely retarded and actually live up to the hype he's setting for them.
I like the guy, but I think he will be the thing that ruins it if he keeps getting so upset when people tell him they don't want to be forced to give him 1% of the total coins, as well as the 10% "let's centralize a currency that is fundamentally designed to be decentralized" idea
As you say, even if we ignore those parts, what are we left with? The "VGB protocol" (which a non-programmer thought up?) that magically identifies small miners and rewards them a relatively bigger share. Until a very good explanation comes forth, he might as well say "magic". "MagicCoin" might be a catchy name. Exactly. I'm on your side here. To be fair though, he does say he works in economics and I would rather an economist come up with a new idea than a programmer when it comes to distribution, but I agree with you, so far everything is looking not so great |
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I like how the mainstream media successfully demonized Islam. It's more "okay" in most people's minds when Christian extremists hurt people than Islamic extremists. Islam has many organizations, supporting one does not mean it is bad, I don't think there is a one and central organization for Islam.
but when a group kills women for drinking beer or slaughters innocent men, women, and children hiding behind political agendaFox news generation, dumb as stone but proud at it. Now, give me an example of Muslim Brotherhood (though the website says muslim brotherhood which might be quite different) killing a woman for drinking a beer and I'll send you 1 BTC. If you can't then suck my Muslim, Muslim Brotherhood supporting dick you piece of idiotic scum. BTC: 1Ea9zdfjSCZBJRXk7THBCAvM1jwrmkd48a Haha, fuck oiff you MrConservative.com piece of moron. It's not strange that you are brain dead when you are hanging around such scum. Haha I'm not supporting anything; I'm just taking you up on your challenge. 1 BTC please. YOu fucking moron, if you think I'll take an article on retarded American zealots website as a source than you lack more things than brain, you peace of hating redneck. Quite ironic you are calling him stupid but can't distinguish between peace and piece. Pot, meet kettle |
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