Frankly guys, it's time to shut off the miners and find better ways to make a profit.  Sure BTC is moving up slightly, but there is no way the ALT-COIN market is going to recover.  There are more than 291 altcoins on the market with more coming out every week.  Even if BTC were to increase by 25-30% of it's current value there just isn't enough hash rate to go around and these new ASICs will NEVER ROI.  It's a losing proposition for everyone not on a free electric grid.  

I invested 2K in mining equipment and I have only recovered about 60-65% of my original investment (and I started in DEC of this year).  

At least 1K of it was in GPU's which I can now use on gaming, so not a total loss.  (I made back a little over 1.2K USD in "mining" after electricity and I pay .07/kilowatt - which is better than most.)

Prices are a fraction of what they were in JAN-FEB ... anyone who invests in new mining gear will be lucky to recoup 25% of their investment.

I keep checking back here to see if profits make an out of the ordinary jump like they did when white coin came out, but other than that I'm done.

 

There are no active nodes.

I was with this program from inception and never had a problem with my wallet syncing, but now it shows there are NO active connections to the network.

I even pasted this long ass list into the config file and restarted and nothing.

http://pastebin.com/j1N3Msqr

I am guessing everyone finally gave up?!?!?

Thread Post #277
Hash: 5b884c6fb2001764a2d0547a7de5947033ef677f7813bf6b9c00b677b3e8b50f

I currently have most of my miners shut off due to the low value of all ALTs on the market (that and it's starting to heat up in TX).  

I would like to see a new coin come out that can turn the markets around.

This coin looks like it has the potential to do this with a new ALGO (POH) so I'll wait till release and give it a try.

Now that you have a new ALGO will you also look at addressing other issues plaguing other coins?

How will you handle Bot Nets?
How will you handle Multipools?
Will this new algo have a unique miner like Vert?
How will you prevent forks and 51% attacks?
(I could go on and on...)

I look forward to reading your white paper and ask that you add me to the list.

Thanks.

Honestly, the whole "gay fish" joke is old now. 

REBRAND the coin as ANYTHING and everyone can get some value from it.

Who has the power/ability to do this now?

Said it before and I'm gonna say it again.  THIS IS A SCAM COIN and it will be bad for crypto's in general.

OK, I'll sit tight for another 8 hours.  Thanks. 

Was concerned due to the changing promo thing.  Thought maybe they over reached their ability to pay out.

Has anyone tried to withdraw anything?  I have been mining with the pool for the last 2 days yet when i try to withdraw it keeps giving me a "New accounts are not allowed to withdraw funds in the first 48 hours."  

I'm wondering if we have a MTGOX situation where they don't have the LTC to payout.

Rewards do no good if your not allowed to cash out.

Soooo all this talk about the rejects being the fault of inexperienced miners goes out the window when a simple server change removes rejects.

That's basic troubleshooting 101 and some folks here spouting BS about inexperienced miners need to offer up some apologies...

I'm pushing for coinye! 

WOOT!

Anyone had any better luck using a pool and the cpuminer on github?

I'm not getting anything with the wallet even with all the extra nodes added and using an AMD FX 8320 8 core proc.

We can all doubt the intentions because we are not mind readers and have no idea if the DEV intended for this coin to be a scam or not.

We can all doubt the actual distribution method because there is none.

If there was then the following questions would be answered:

Where are the websites and detailed TECHNICAL PROOF of any kind of coin delivery system.  Where are the WHITE PAPERS showing his plans to thwart hackers and folks who would try impersonate Icelanders via VPN or by generating fake National ID's via algorithm like a common key gen?  Where is the proof that the dev even has ACCESS to all the ID numbers in order to prove they come from the national database?  Where is his list of Icelandic addresses if he wants to send paper wallets?  

Let alone how is he going to explain what he is even giving away?  Contrary to popular belief, most folks don't even know what a BIT COIN is, let alone what a Auroracoin is.  Does the dev think that all these folks are going to get on a computer and take the weeks of reading and searching to find out wtf a crypto currency is, how exchanges work, how to convert to BTC/ Etc?  If he plans on delivering "paper wallets" who is going to explain to the common folks how the encryption keys work or how to "sweep" those keys to a physical wallet?  Where is his program for mass adoption of this coin in Iceland?  There isn't even a SINGLE place in Iceland that will accept this "coin".  NOT ONE STORE.  

He would have had to have MASSIVE (AND I MEAN MASSIVE!) youtube, twitter, blog-o-spere, and PUBLIC educational videos already available BEFORE the coin went live in order for this to have a chance in hell of ever working.  Even with ALL the above the chance's are still TINY that the country would adopt any crypto.  People on these forums just need a reality check of the fact that most people aren't even computer literate (sure they can get on facebook, and type out a few emails, but that is pretty much the extent of it) let alone able or WILLING to do all the research and experimenting with cryptos to even make it worth their while.

I could go on and on.

The reality is that there is nothing but WORDS on a website.

Only some anonymous coin dev making promises that he can't deliver.

No matter what happens with this coin it WILL BE bad for crypto's, and ALT COINS in particular.  This will be seen as another failure because the DEV of this coin did NOT do his homework BEFORE release.

This post is not FUD, nor is it an attempt to move price one way or the other.  It's just a fucking reality check to those of you who are blindly believing in the promises of some random person on the internet.  IF that isn't the definition of gullible, than I don't know what is.

If you want to go on about the short term profits of this coin, or how your market orders are doing well, fine.  I'm all about that.

But let's call a spade a spade and stop the bullshit about this coin actually doing ANYTHING positive for the folks in Iceland.

As they say... "PICS or it didn't happen!"  I say show me the PROOF instead of just WORDS on a website.

Can, Could, Might, Would..... Will it?  Nope.

HA HA HA HA HA HA!

Your post says it all.  

You have a shit ton of money invested in equipment so you don't want the TRUTH to be made aware so the value of the coins you mined become worthless.

I totally get it.

You have a financial motivation, and that is completely understandable!

I wish you luck... my post still stands.

Even if you fly yourself over there (HIGHLY DOUBTFUL) you will not make a dent in the distribution of coins to over 300 THOUSAND people.

End of rant.

This is exactly my point.

Spot on.

As a person who's actual profession is "Technical Project Manager" I can tell you this distribution method with ZERO PLANNING hasn't a snowball's chance in hell of succeeding.

Show it to me and all the folks on this forum. 

AND then explain how the DEV is going to use it to implement all the questions from my previous post.

Using the whole "It's the community's responsibility" to do what the DEV or DEVS said he or they were going to do is a cop out.  No one is going to waste their time and energy to do so unless they are being paid.  And even if the DEV sets some bounties and asks for community involvement, done of that is going to be possible without the information I have already stated that the DEV or DEVS doesn't actually have.

If he/they did, then he/they would be proving it to the community right NOW, being as the "supposed" air drop is less than a month away.  

Seriously you zealots are deluded.

Maybe you should prey for Jesus Christ himself to magically appear on the doorsteps of all Icelanders with a new computer preloaded with a digital wallet full of Auroracoin!

I said this in another thread, and I will say it again here:

The entire concept of the DEV of this coin actually distributing the coin to the folks in Iceland is going to be an EPIC failure or a TOTAL SCAM.

The DEV had an IDEA of distribution but released the coin without a REAL implementation plan and either one of several things is going to happen.

1. He will attempt to find a manual method of doing distribution, or will mail out some random paper wallets, or find some other half ass way to do a TINY bit of distribution and claim that he is meeting his promise.

2. He will give the coins to friends, or perhaps to a group of folks on an iceland forum board or IRC channel (These folks may or may not be actual Ice Lander's) and claim that he is meeting his promise.

3. He will dump them him self or by using friends and other associates... if he is smart he will do this slowly in combination with some of the above mentioned.

4. He will dump a bunch of the pre mined coins himself in large quantities (get noticed) and disappear with a large profit.

What I can GUARANTEE YOU will NOT happen is that the coins will be distributed to all ICELANDERS as promised.

Sure there is a national ID system that "COULD" be used for verification purposes.  There "COULD" be a method of checking an online form fillers IP address for Icelanders ISP's.  There "COULD" be all kinds of things.... BUT all that SHOULD have been put in place BEFORE the coin was launched, and all of that WOULD have been in the media many months prior to seeing it show up only in forums that discuss bit/alt coins.

I completely understand folks jumping on new coins for quick profit (I do it myself), but the amount of Zealotry in this thread makes me sick to my stomach.

All of you in this thread need to ask yourself these questions:

Where are the websites and detailed TECHNICAL PROOF of any kind of coin delivery system.  Where are the WHITE PAPERS showing his plans to thwart hackers and folks who would try impersonate Icelanders via VPN or by generating fake National ID's via algorithm like a common key gen?  Where is the proof that the dev even has ACCESS to all the ID numbers in order to prove they come from the national database?  Where is his list of Icelandic addresses if he wants to send paper wallets? 

Let alone how is he going to explain what he is even giving away?  Contrary to popular belief, most folks don't even know what a BIT COIN is, let alone what a Auroracoin is.  Does the dev think that all these folks are going to get on a computer and take the weeks of reading and searching to find out wtf a crypto currency is, how exchanges work, how to convert to BTC/ Etc?  If he plans on delivering "paper wallets" who is going to explain to the common folks how the encryption keys work or how to "sweep" those keys to a physical wallet?  Where is his program for mass adoption of this coin in Iceland?  There isn't even a SINGLE place in Iceland that will accept this "coin".  NOT ONE STORE. 

He would have had to have MASSIVE (AND I MEAN MASSIVE!) youtube, twitter, blog-o-spere, and PUBLIC educational videos already available BEFORE the coin went live in order for this to have a chance in hell of ever working.  Even with ALL the above the chance's are still TINY that the country would adopt any crypto.  People on these forums just need a reality check of the fact that most people aren't even computer literate (sure they can get on facebook, and type out a few emails, but that is pretty much the extent of it) let alone able or WILLING to do all the research and experimenting with cryptos to even make it worth their while.

I could go on and on.

The reality is that there is nothing but WORDS on a website.

Only some anonymous coin dev making promises that he can't deliver.

No matter what happens with this coin it WILL BE bad for crypto's, and ALT COINS in particular.  This will be seen as another failure because the DEV of this coin did NOT do his homework BEFORE release.

This post is not FUD, nor is it an attempt to move price one way or the other.  It's just a fucking reality check to those of you who are blindly believing in the promises of some random person on the internet.  IF that isn't the definition of gullible, than I don't know what is.

If you want to go on about the short term profits of this coin, or how your market orders are doing well, fine.  I'm all about that.

But let's call a spade a spade and stop the bullshit about this coin actually doing ANYTHING positive for the folks in Iceland.

As they say... "PICS or it didn't happen!"  I say show me the PROOF instead of just WORDS on a website.

Have the DEV post the list of all THREE HUNDRED TWENTY THOUSAND Addresses to prove that he even has those addresses.  You can't because he doesn't and neither do you or any of the other zealots on this board. 

You are just spouting bullshit because you don't want the speculation value of your coins to crash.

Better to just keep your mouth shut than to spout of more stupidity.