This coin desperately needs some merchants/service providers on board to stand any chance of success... Value on exchanges at the moment is not looking good.

Figures lol.

None, now. You?

You have to compare to fiat currency. The transition to global widespread cryptocurrency adoption can only go something like:

1. Places start accepting Bitcoin, pinned against the exchange rate of their local fiat currency (USD, GBP, etc).
2. Providers of services to businesses that accept bitcoin ALSO start accepting bitcoin. The first business in the chain then no longer needs to convert to fiat currency.

Phase 1 can't happen with an indivisible coin where the value of the smallest unit of the fiat currency is lower than the smallest unit of cryptocurrency. In our case 1 CENT = 0.0001 BTC. 0.0001BTC = $0.01188. $0.01188 > $0.01. Stage 1 can't happen, therefore it won't work.

Unless the entire world swaps to pennies overnight (so I can receive my salary and pay the bills with it), it aint gonna happen (and when it does, the value will go down, to allow 1 CENT being the smallest unit to "work"). Plus I think the name works against the coin - explaining a cryptocurrency to an average Joe is complicated enough, without trying to explain there are "other" pennies or cents that are in no way related to the pennies or cents they're familiar with.

What I'm saying applies to most altcoins - they're all tied to the value of BTC - it's just than the indivisible quality of pennies is just a further hinderence - but heck, at least the dev innovated a little rather than forking and renaming like 99% of other coins...

Dat lack of places to use the coin?

I don't mean to come across all negative (maybe I'm just missing the point), but where does the future of this coin (or any altcoin) lie if it's not adopted by merchants? Adoption of bitcoin, realistically, is thin-spread. Altcoins value just seems to be pinned to the BTC economy and are only mined when the rates are favorable for CPU/GPU miners to mine, then cash-out to BTC. The exchange rate of altcoins seems to be about 70% about difficulty vs current exchange rate, and 30% about how the market can be manipulated with pump and dump schemes.

Whilst the indivisible property of this coin is interesting, it does pretty much brick the coin from having any kind of widespread adoption. The minimum purchase price of *anything* can only be the value of 1 CENT. What use is that if a CENT becomes worth $10? No use - and (I don't think) it won't reach anywhere near that price, obviously, because of that fact.

I "cashed out" at a rate of 0.00051 BTC per CENT, currently (much) higher than they're being traded for on BTER. Sure the value will fluctuate as multicoin pools hop on/off board and more pump bs is spread via forums and chat, but this will only ever be a trader's coin.

Props to the dev though! Some great work with the concept, client, etc.

And just one last time - I don't mean to bash the coin, just annoys/humors me when everyone is screaming for others to "buy whilst their cheap", when in fact all they really want is to pump the price so they can cash out. If everyone should be buying right now, why aren't you? Unless you're one of the 4 buy orders on BTER...

Dat pump. Lol.

Good points, thanks for the corrections.

I didn't set out to make a bad case for the 7950 or anything - I didn't look too much in to it. Got the KH/s figure from a 7950 overclocking thread on here and I guess if people were buying GPU's specifically for mining, the chances are they'll be filling out a rig with 6 GPU's.

The prices for all electronics (from computer components to guitar amps) are terrible in the UK vs USA. Also, $0.08/kWh is very cheap! On average in the UK, it's £0.15-16 ($0.23-25) per kWh!

That sounds good to be honest. Perhaps I should have been more specific.

In the UK, it doesn't (seem) to make sense to buy 79xx+ cards specifically for mining. Looking at the same cards on Amazon UK they're getting on for costing twice as much here.

Just for the sake of comparrison (US/UK):

Card	Price	KH/s (scrypt)	KH/s per $
5850	£35 (ebay.co.uk) / $45 (ebay.com)	375 KH/s	UK: 0.1456  |  US: 0.12
7950	£150 (ebay.com) / $165 (ebay.com)	575 KH/s	UK: 0.4069  |  US: 0.2869

Prices listed are the best I could find anywhere (used - Amazon, eBay, etc on US and UK versions of each site). KH/s per $ done by current £ -> $ exchange rate (1.56). Comparison is in KH/s (scrypt) since you have to be beyond nuts to consider mining BTC with GPU's.  

From my little table, 5850's appear to be the most economical buy (strictly for mining) in both the US and UK... but especially UK.

Agree - you'd have to be nuts to go out and buy a 79xx with the intention of using it solely for mining lol.

And absolutely, bring on winter!

No, not really. I've been picking up multitudes of 5850's / 5870's off eBay for £30-40 and mining scrypt-based currencies. Currently using middlecoin (until I get round to creating my own pool), payback for each GPU is 30-45 days.

You're right about miners buying GPU's being a completely insignificant amount though, compared to all the gamers, etc, out there.

Sold to shakezula - smooth trade. Thanks man.

I'm currently looking to sell 395, for BTC0.3, sorry.

Anyone currently buying pennies (and if so, how many/what price)?

Pennies!

Anyone have any updates on pennies making it to any exchanges yet? This coin needs more exposure!

Or exchanges could just charge the fee in BTC? (Cent -> BTC rate based on the order rate?)

Thanks, I have it running now.

Am I right in thinking all I need to do is:

Setup pennies.conf in %appdata%/roaming/pennies with a username and passwords. Have the pennies client running, then start CENTgpuminer with my local IP and username and password as set in the conf? It's running but no pennies minted yet.

Muchos gracias.

3 Days on an AMD Piledriver FX8320 and I've mined 12 coins. Fuuuuuuu...

Can this actually be GPU-mined yet? This didn't work, first the missing .dll error, but I've tried both this guy's .dll and compiling it for myself. In fact, I'm struggling to mine this with anything other than the standard client - which is frustrating since it gives literally no stats.

What mining software/config can I use (even if it's just for CPU-mining) that will give me some more info/stats, like cgminer that I'm used to?

Oh, and just in-case any of you early-adopters fancied helping me out on my pennies/CENT journey...

PAmM4oChmeFmKqvbnWUfCJDxNSYi4Wz3ML

Welcome.