Thanks.

I just want to fool around.  I already know it's .50¢ I'll never see again.

Don't take this personally, but I'm going to close / lock this thread before the trolls ruin our lovely interaction.

Cheers!

You'll get scammed here.

Check out Paxful.  They have onsite escrow, and their business is essentially PayPal <-> BTC trades.

Good Luck.

Does anyone out in forum-land know where / how I can get My hands on some sproutcoin?  I think it'd be fun to watch the balance go up and up and up.  Just once, it'd be nice to pretend I'm rich. 

Disclaimer:

• I know it's worthless.
• I understand hyper-inflation.
• Please do not bother responding if you're going to lecture Me on how smart you are and how stupid My idea is.

If you're just giving it away.... Hi.  How's it going?  Got some of the free money left? lol

Moonbit.co.in
Moondoge.co.in
Moonliteco.in
Bitfun.co

You can get ~50 Dogecoin a day if you claim loyally at these sites and use CoinPot to exchange LTC and BTC for Doge

It's worth like 4¢.

If you're *extra* motivated, you can get about .0001BTC in under 5 days.

you'll *hate* captcha by then, but you'll have a few coins to mess around with.

Additionally, PM Me, I'll give you a few AltCoin faucets to look at...I am not posting them here, lest the dreaded "just buy coins" and "faucets are dumb" crowd lectures Me on how I should spend My free time. 

I should defend us faucet people by saying "It's about the journey, not the destination." but trying to explain it gets exhausting.

There's this great faucet at http://faucet.bitbean.org

It gives ~7 BitBean per claim, once every 6 hours.

So far, who cares, right?

Here's the idea.

I'd like to set up some sort of lottery, based solely in this forum, with tickets costing 5 BitBean, each.

Ideally, a "ticket" could be bought by anyone, simply by claiming at the faucet, and sending the claim to a central address, then posting the TXID as "proof" of entry.

The problem becomes how to fairly determine a winner, in such a way that is probably fair.

It needs to be both random and realistic for a forum Based game.

So, we are basing winners off the TXID.  There is no known way to influence / rig this number.  It can be verified easily by anyone, as it will both be visible in the forum and the block explorer.

Payouts will be 5x the ticket price, and all payments will be processed manually.  This means, if you win while I am asleep or at work, you will get paid when log in.  Please be patient.

You will never get rich playing this.  But tickets are essentially free, thanks to the faucet.

http://faucet.bitbean.org

Winners will be any TXID starting with "7" because I like 7.

Payouts will be sent to the sending address of the winning ticket.  No exceptions.

Sending more than 5 BitBean per entry does NOT get you a bigger prize.

To enter, simply send 5 BitBean to

2V7wkQVa1VPLxJNPUz3atJCkMPB3bgzrNE

and post your TXID

Good Luck!!

Shit and/or Thanks.

I'm not sure what you're saying?  Or how it relates to the question?

You may want to look into Solarcoin.

As I understand it, it's "mined" by producing solar power.  I've never looked too far into it, but it may interest you.

Additionally, if you want an easy answer to this question, just fire up any mining calculator (Google has several) and set the "power cost" field to 0, using your hashrate / etc.

A staking wallet, run on a cellphone powered by a small solar panel would effectively be "free" coins, not accounting for whatever your Internet access costs may be.

I keep hearing about PoS wallet being "the thing" in staking.

I've been trying to sign up for awhile, but the site hasn't been accepting new accounts for the last month or so.

Am I missing something?  Is it like Gmail was way back when you needed an invite from a current user?

It seems like a neat service, but it's useless if I can't score an account.

What am I missing?

The answer is, sadly, people don't care.  A majority of BTC values comes from its use as a status symbol.

Gridcoin is a wonderful project, and I agree with all of your points, but at the end of the day, it's the nerd of the AltCoin world.

If you really want to help, why not get local businesses involved?  Plenty of non-profits would likely be glad to add their spare processing cycles on their various machines, the odds are they just don't know it's possible.

GRC will never be popular, but it quietly helps change the world.  BTC will always be popular, and accomplishes nothing beyond existing for the sake of existance.

Wherever you are, I assume there's a local org that would be thrilled to help.  Call them up, get a meeting and educate them.

Thanks to everyone who replied.

You're all probably right, I just wanted to see if I had missed something.

Oh well.

The CPU/GPU problem is basically this :

"Any math that involves a recursive algorithm dealing in hashing / integers can be done more efficiently with a GPU.  While heavy memory usage can lessen the advantage, it will never be enough to exclude GPU."

For the moment, we're going to ignore PoC (burstcoin) and ASIC.  However, it should be noted that even PoC coins use GPU to "optimise" their lookup tables / generate plots.

Additionally, I am completely ignoring the many, many economic flaws in the following proposed coin.

If you want to create a CPU only coin, you need to start with a PoS base.

Assuming you tie the staking rate to block creation, and instead of a minimum age for staking reward you implement a *maximum* age while abandoning the "weight" criteria, and offering *no* reward for successful hashing of a block, while setting a constant time for new blocks, regardless of actual completion time, you create a currency that:

Will mitigate any and all advantage that comes from successful hashing, thereby making CPU v GPU v ASIC a moot point.

Coins can "stake" almost immediately, and be set to only offer a reward in proportion to their lifetime, but as they have a maximum age, once it reaches x reward, it will no longer stake.  New coins will, of course, have their own lifetime, and all transfers will effectively "reset" the coin age.

Hashrate is irrelevant, as a 1TH ASIC and a 1MH CPU both provide the same value, having 0 reward for their work, outside of maintenance to the network.  If the difficulty is low enough.  The only advantage speed offers is to the overall network.  This could be in the form of random distribution for rewards (a lottery system, not tied to speed) or all mining power going to transaction overhead.  Additionally, just do away with PoW all together.

Faucets could be used effectively, as they would be giving not only coins, but potential speed as well.  If the network had 0 transaction fees, there would be no need for minimum withdrawal limits.

So, as you can see, simply by offering an inital irresponsibly high staking rate diminishing over time, disregarding network weight in staking, having an upper bound on staking age (vs lower/infinite bound) and elimination of all block rewards and transaction fee, you could create what is (effectively) a CPU only coin.

There are *lots* of economic / practical reasons attempting this will fail.  I'll list the three biggest :

1) How does anybody ever get coins who doesn't have at least one coin to begin with?

2) Nobody will bother mining / hashing for 0 reward.

3) Anybody could just move "old" (non-staking) coins to another wallet.  Hyper-Inflation would result, and be unstoppable.  The only way to prevent this would be a centralized agency empowered to destroy coins, which would negate the entire point of the coins existance.

So, as I believe your question was on of purely theoretical value, My answer is Yes.

Yes, in theory, a CPU only coin is entirely possible.  But the greed of Man will forever doom any attempt at implementation.

Sadly, yes.  But as there's also no way to send / receive them, I feel they'll exclude themselves.

Plus, as long as the blockchain is alive, the coins exist.  Ergo, My interest is only coins with active blockchains, even if the coin itself is not listed on any real exchanges.

I just like collecting things.  Like stamps, or bottle caps.

Having one of every AltCoin would be neat, albeit worthless.

Don't you collect stuff?

Thanks.  Most obscure AltCoin faucets pay directly...for example, SpaceSpace will send you .0001 monacoin *and* give you your fortune / horoscope on the confirmation page.

Worthless? Yes.  But now I have one less coin to collect.

I found an old cloakcoin faucet that pays directly, but it's dry.  Same with Gulden.

If you have to tell people you're an Alpha, you're not.  Nice name.

Lipstick makes a mess.  This isn't ML. lol

But I'll make a clever sign with My username / date this weekend.

Or if y'all want to start up a poll, a pic with My holding any two (common) household objects?  Like a TV remote and an apple?

Just some thoughts.

I didn't send it "by mistake".  I'm not an idiot.

I sent it on purpose, and you were incredibly rude, smug and pathetic.  Acting like you somehow did Me a favor by looking, and telling Me about your "girlfriend" ...  I asked you to leave Me alone and you ignored My request in favor of a lecture on how you are soooooooo respectful, and I'm just to dumb to understand why.

No body likes you, I do not want your endorsement.

I was going to keep your little tantrum private, but you decided to strut around like a big man, talking down about Me, in public, and act like somehow belittling and condecending are favors I should be greatful for.

you're nothing special, and next time a girl sends you a titshot, the *only* appropriate response is "Thanks"


To drive My point home, here's the link, so everyone gets some boobs.

https://i.imgur.com/w9JZEP2.jpg

I'll bet you anything, nobody else complains about free tits, or tries to make Me feel stupid for flashing them, or tells Me about their girlfriend.

Please, for the last time, don't ever talk to Me again, you smug disrespectful jerk.

Thanks.