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1  Alternate cryptocurrencies / Altcoin Discussion / I have an idea that I probably won't follow through with....... on: September 24, 2014, 02:15:47 AM

My first question is will it be possible for the coin to have any value when it's made to be dumped?

2  Alternate cryptocurrencies / Announcements (Altcoins) / Is Simcoin out of control? Dev describes investors as retards!!!! on: April 28, 2014, 07:16:11 PM
People asking perfectly reasonable questions about their simcoin investment are being ruthlessly deleted while the dev has pocketed $50,000 with every intention of bagging more in an apparently never ending IPO. Remember, he also has a 60% premine to play with.

The dev seems to have no concern for investors once he has their BTC,

Anyway, if you are thinking of investing in Simcoin, I urge you to check these two threads.....

https://bitcointa.lk/threads/ann-sim-simcoin-a-simple-coin.296182/

https://bitcointalk.org/index.php?topic=584132.new#new

and do the maths, as much as you can when the dev doesn't want to give figures.
3  Alternate cryptocurrencies / Altcoin Discussion / Investing in Simcoin? No rush, IPO to remain open for over two years! Yay! on: April 25, 2014, 01:41:19 PM
Just want to give a head's-up to any potential Simcoin investors about a recent conversation I had with the dev - I hope I'm doing the right thing.

Simcoin (https://bitcointalk.org/index.php?topic=561294) is a built-from-scratch crypto being developed by a forum member with some reputation. I am not accusing him of being a scammer, but I do wonder about his judgement.

So far, the simcoin IPO has raised over $40,000 for this, essentially anonymous dev - a huge sum, far outstripping most other IPOs. It is also 100% premined with 60% being kept by the dev.

With this kind of agenda, you would expect transparency, but there is none - even the IPO wallet address is withheld.

So, a shit-load of money has been taken and today the dev released some test software, which caused a spike in investments which had been pretty flat for a few days.

I posted suggesting that risk was perceived to be falling, so ,perhaps the IPO should be re-considered - this is how it went........


sussex

Perhaps now is the time to reconsider the IPO, with this and other news in the near future, people investing today can risk their money with significantly more confidence than those who invested a week ago. I'm not suggesting to close the IPO, but the reward should be looked at.


Simcoin

So you honestly think that one week advance entitles you to more? For what?

Yes, you might perceive the risk to be lower now, but nobody forced you to invest a week earlier, you could have waited till now, that's what I was recommending anyway - invest small and gradually increase as you see things develop.

Also keep in mind, that you have invested during the safe period, where you knew the IPO won't be closed.

Now people have to gamble every day.


sussex

Hmmmmmm.........

One week ago there was nothing other than your post here, today there is actually some software. That's a big step, as evidenced by the sudden rash of investment since you released the test software.

To be honest, I'm not that impressed with your reply, it's quite defensive - I made a simple, polite proposal - that is all. Your arguments also make little sense and it is quite normal for IPOs to be operated in stages.


Simcoin

Your proposal makes little sense too.

I see absolutely no reason why you should be entitled to more.


sussex

It's a question of getting less, people have calculated their investment without realising that the IPO is, essentially, open-ended. Ok, fair enough.

Thankyou for helping me with my decision.


Simcoin

How is it my or other investors fault? It was said so right from the start!


sussex

There's nothing in "It will just end one day without any warning." and "There won't be an announced deadline...  but it will definitely not be closed until April 20." (posted april 10) that implies the IPO would remain open until...... well, when?........... perhaps after the coin is on exchanges?

You know what I am saying is not outrageous and I am being polite, so your "defence by semantics" is not encouraging.

And.... what am I accusing investors of?


Simcoin

Are you even reading what you are typing?

How is "No end date" doesn't mean "IPO will remain open"  

This is exactly what it means! That the IPO will remain open until who knows when.

Yes, maybe until the coin is on exchanges, maybe until the Judgement Day. No promises were given to you about the end date.

Enough. This argument is now closed.



This next post was deleted by Simcoin.

sussex

Lol, so the IPO may never close?

I suspect your IPO is about to dry up.




Now, to me, that's playing with semantics - surely an open ended IPO should be explicitly described as such?

But, whatever you think about the ethics, it surely changes the maths....... do you calculate your investment on the assumption of getting millions, thousands or just single coins per BTC? How thinly is he prepared to spread the IPO? How much money does he need to develop the coin?

As I say, I hope I am doing the right thing, it seems to be relevant information to me.
4  Other / Beginners & Help / Complete noob struggling with two displays, two gpu's and cgminer in Linux Mint on: December 02, 2013, 10:33:45 PM
Hi all,

I'm not sure this is the best place for this post, maybe a mod can help a newbie out?

I am new to the coin mining and Linux, so I might be biting off more than I can chew Smiley

My rig:

Gigabyte OC mobo
12gigs ram
2x HD5850 video cards, not in crossfire mode.
i7 920 o/clocked to 4gig (always stable)
Dual monitor

Linux Mint Debian 64bit running latest Fglrx drivers and catalyst.
Latest AMD SDK
Cgminer 3.3.1.1 (the only one in the Mint repository)

I am trying to get one card to run the two monitors in extended desktop mode and have the second card solely mining.

I have literally been at this for three solid days now, I must have re-installed various Linux flavours over twenty times and read hundreds and hundreds of web pages, but the answer still eludes me - if there is an answer, that is.

My problem is that if I try to run two monitors then cgminer only sees one gpu. If I just run one monitor (or two cloned) then cgminer sees both gpus.

It doesn't matter if I plug a display into each video card or put both monitors on one card, I have the same problems with a little variation.

This is quite a long story, I hope you have enough info to at least know if you might be able to help and I would be happy to post various config files here if it's useful.

At the moment, my machine is mining quite happily, but I sorely miss my second monitor.
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