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The countdown is almost complete. UBI is going live on the $MUSIC chain in less than 500 blocks (2 hours).
I would think that news like this would cause at minimum a 'new feature' pump but who knows with the current alt carnage.
Seuss
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Don't overpay too much for mining hardware.
If you are super concerned about immediate ROI, mining may not be for you.
Consider investing what you would pay for miner hardware directly into a few coins as an alternative strategy to breaking into crypto.
If you like messing with stuff and the idea of buying in directly doesn't appeal to you, follow the rest of the advice in this thread :-)
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 Who will buy all the $MUSIC? Tippers? This would be funnier if it wasn't true. This model as it stands is broken. There is no incentive for anyone to ever buy any $MUSIC. This is unfortunate because I think that the digital pay-per-play model enforced by smart contracts is a wonderful fit for crypto but the economics of this thing aren't balanced right. When you pull the UBI money straight from mining you break the incentive loop for the listener to fund an account. A better play would be to partner with existing music providers to build the pay-per-play or personal right-to-use model into existing music platforms. (Easy to type on a forum, hard to execute IRL....). In this model people would buy the currency to use to pay for the rights to play the music on the platforms, but now the platforms all need a piece of the pie as well. Ah well, enough of my ignorant rambling...can anyone explain how this model does anything but loose steam after deployment? Seuss Mining won't be feasible for ever, and in fact, not for much longer. It's going to be hit by the ETH ice age difficulty coming up end of year. People seem to forget mining for this coin will be done shortly so new supply will not be a thing. The ice age doesn't help with the way this model is laid out. When people stop mining the UBI pool stops getting funded which means that the free money for the artists stops rolling in. Scarcity may drive the price up but in essence we are right back where we were before UBI except now there is less mining and there is *STILL* no incentive to buy the coin. Don't get me wrong, I am accumulating this coin and I hope to see widespread adoption and success, I just don't quite grok the economics of it yet... -Seuss It's all laid out here https://www.reddit.com/r/musicoin/comments/6ysbaw/latest_community_address_upcoming_ubi_model_and/ and here https://www.reddit.com/r/musicoin/comments/6y45sw/upcoming_releases_for_month_of_sept_oct_2017/What I don't understand is why you're accumulating this coin if you don't understand the economics of the coin you're accumulating. At the very least you're contradicting yourself, and at worst, you're fudding the coin you're invested in. Not very economical logic coming from you! The FUD was my own, looking for some relief, and your links are somewhat helpful in clarifying some of the points. I am a miner with a small operation. Musicoin is one of the coins that fits the target profile for my setup. When I say I am accumulating, that is the vector I am taking. The questions were posed to try and firm up my understanding of the project and help me make the determination as to stick with this coin or move on to something else. If I were trading fiat for coin straight up I certainly would have done far more due diligence before investing, with mining I tend to have a larger risk appetite. Thanks again for the links. |
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Who will buy all the $MUSIC? Tippers? This would be funnier if it wasn't true. This model as it stands is broken. There is no incentive for anyone to ever buy any $MUSIC. This is unfortunate because I think that the digital pay-per-play model enforced by smart contracts is a wonderful fit for crypto but the economics of this thing aren't balanced right. When you pull the UBI money straight from mining you break the incentive loop for the listener to fund an account. A better play would be to partner with existing music providers to build the pay-per-play or personal right-to-use model into existing music platforms. (Easy to type on a forum, hard to execute IRL....). In this model people would buy the currency to use to pay for the rights to play the music on the platforms, but now the platforms all need a piece of the pie as well. Ah well, enough of my ignorant rambling...can anyone explain how this model does anything but loose steam after deployment? Seuss Mining won't be feasible for ever, and in fact, not for much longer. It's going to be hit by the ETH ice age difficulty coming up end of year. People seem to forget mining for this coin will be done shortly so new supply will not be a thing. The ice age doesn't help with the way this model is laid out. When people stop mining the UBI pool stops getting funded which means that the free money for the artists stops rolling in. Scarcity may drive the price up but in essence we are right back where we were before UBI except now there is less mining and there is *STILL* no incentive to buy the coin. Don't get me wrong, I am accumulating this coin and I hope to see widespread adoption and success, I just don't quite grok the economics of it yet... -Seuss |
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Who will buy all the $MUSIC? Tippers? This would be funnier if it wasn't true. This model as it stands is broken. There is no incentive for anyone to ever buy any $MUSIC. This is unfortunate because I think that the digital pay-per-play model enforced by smart contracts is a wonderful fit for crypto but the economics of this thing aren't balanced right. When you pull the UBI money straight from mining you break the incentive loop for the listener to fund an account. A better play would be to partner with existing music providers to build the pay-per-play or personal right-to-use model into existing music platforms. (Easy to type on a forum, hard to execute IRL....). In this model people would buy the currency to use to pay for the rights to play the music on the platforms, but now the platforms all need a piece of the pie as well. Ah well, enough of my ignorant rambling...can anyone explain how this model does anything but loose steam after deployment? Seuss |
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I am not having any luck with the windows client and the SOILsafe wallet either. Transactions seem to send but they never reach the blockchain....
Seuss
try increasing the fee at the bottom of the send form (there is a slider for it) ... that worked for me! I had moved the slider up several "notches" before posting. With your encouragement I pushed it up almost to the maximum and I started getting confirmations back. Based on this behavior I would assume that manually increasing the gaslimit via the gsoil client may also work. Does this mean that nodes have their minimum gas "cranked way up" or is it a problem with the defaults?? Anyways...thanks for the help... Seuss |
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That is interesting. I also am running gsoil (1.6.7) on linux compiled from source using go (1.8.3).
i downloaded the windows SOILSafe wallet and used it to make the transactions, also first try was with the default fee, this didn't go through, so i increased the fee some more and that went through! I am not having any luck with the windows client and the SOILsafe wallet either. Transactions seem to send but they never reach the blockchain.... Seuss |
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I personally keep it at my bedroom. I've got a small mining rig of 4 msi gtx 1060 cards which are sitting on the other side to my bed.
They just have two fans and don't make much noise. They've been a few months with me so I don't mind them any more.
Since winter is coming I don't get bothered with them and even in the summer just a fan was enough for me since I live in a tower and leave windows open for most of the time.
I really can't figure anywhere else. That's the only place I have since there's no garage and balcony isn't safe from rain.
I notice no mention of a spouse/mate. Bedroom/public spaces work much better if you don't have a wife(or hubby) and kids... Wife doesn't like the noise (although she did tolerate the dining room being taken over for a while) and the kids destroy everything! Seuss |
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Im using compiled wallet from source on linux (no gui , just the cli) ... so its just the basic ./go-soil/build/bin/gsoil and from it i do personal.unlockAccount(eth.accounts[0], "passwd")
eth.sendTransaction({from:eth.accounts[0], to:"addr_to", value: web3.toWei(amount, "ether")})
!? That is interesting. I also am running gsoil (1.6.7) on linux compiled from source using go (1.8.3). |
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Both are just fine for mining and the differences are marginal most of the time. After you get BIOS issues and all that out of the way, just pick whichever you like more. Windows is usually not free and although you can get licenses for under $5 nowadays, I still prefer Ubuntu for its simplicity and compatibility with pretty much all mining software.
Where are you getting a $5 Windows license? Seuss |
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i have been trying to send coins out of my account but for some reason nothing is moving?
i have sent already 3 transactions out of this account with no problems, but for some reason all day today nothing is getting out?
I am having the same problem (which is ultimately why I was looking for the block explorer) Seuss |
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When I visit the block explorer for SOIL I just get a pretty page with no input boxes. http://www.cryptosoil.com/blockexplorer.htmlBetween the trade volume dropping and the hashrate dropping, no block explorer...this coin is on its way to dead for real this time. Am I being stupid with the block explorer? Seuss |
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Okay I looked it up and it shows I have 0.05962 ETH. On its site it says I should get .131 per month. Maybe its only been a couple weeks so I guess that is about right. Payout it set to 1 ETH. To change it it wasnt to know IP for one of my worker. I was thinking maybe having it payout every .1.
The payout threshold is really about personal preference and what the pool will allow. I personally want to have the coins I mine as soon as the pool will release them. It sounds like reconfiguring to .1 would at least get you some coin within the next few weeks. If not, it is going to take you about 9 months to get paid! |
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The question is, do you trust whattomine.com? With my current rig, it shows that most profitable coin to mine, is ETH, and I've been mining it for a while. I have 6x AMD rx470. Should I mine something more profitable? Please share your thoughts, thank you  use it only as reference but take that as a grain of salt. every miner has different methods, me personally i mine for volume not profit. How do you short list the coins you are mining for volume? |
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The shares that are mined while you are pool mining is a measure of your donated compute. This progress will remain with the pool (along with the corresponding value of the ETH mined for those shares). Pools will only pay out once a certain threshold is reached. Until you have mined that much coin, the balance will stay with the pool.
As others have asked, which pool are you mining with? Many of them have profiles that need to be configured even if you are just mining with your wallet address.
Seuss
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Long time reader, first time posting. Hello World.
Now that I've got that out of the way, what are the thoughts on either a UBQ or EXP pump anytime soon. I figure this is the speculation thread so let's speculate.
The price on both has been well below the averages for all but the shortest of time frames since the China news. The depressed price and sideways action allows for plenty of accumulation. I've seen a few walls and spikes in volume come and go that got me excited but so far not much to work with.
Are there other characteristics of a pump that may also serve as signals?
Any other volatile trading pair favorites?
Regards,
Seuss
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I believe that you will need to get the beta version of After Burner once you move to the beta blockchain drivers. |
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