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I'll match the creator's pledge to a working exchange of 30K upon release and 30K upon 1 week successful operation.
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Just paid everyone sorry for the delay...
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Thread closed. Will send coins in the morning...
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first 25 (had to have joined the forum prior to 5/18) who post their GLD address will receive 500 GLD
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We need to create an information thread, I'm gonna throw one together like they did for feathercoin... We need pools, etc. I will donate whatever.
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people who want to support this coin like me should met in a forum and talk about our future plans to get gold coin to the top 10. People who want work together and improve goldcoin PM me. I am ready to make the official website for gold coin, because the actual website is not professional and looks not very dezent. Who wants to help me improve the site ?
I'm in, let me know. We need to create a posting as an information thread, listing pools, games, block explorers, calculators, exchanges, etc. We need to get more people mining this coin. |
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All - we need to stop trying to sell this coin for like 1 LTC for 10K GLD.
The thing with this coin is that its "front loaded". Think of it like a blockbuster film that makes $180 million opening weekend, and then drops 65% he second week, and 50% the next etc.
But with this coin, the value will rise as LESS coins are being mined because of difficulty increases. The good thing is that if the difficulty rises to say 50, you will still get a few hundred coins. Eventually, it will be 100 coins per block.
We need to support the coin, and hope it gets on an exchange in the next few MONTHS.
The guy who released the coin is offering 200K GLD for an exchange, and around 350K GLD for other bounties. Problem is 10K coins looks like a few $$ now - but if we keep mining and kep supporting Gold Coin, that 10K could be worth 5K USD or better if it trades on a legitimate exchange in a few months.
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Nopes.. read my post again..
Ahh gotcha... I have been trying to modify the starting difficulty for the last few days, and while I've done it, it jacks up everything else LOL. |
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So your saying if you change bnProofOfWorkLimit as OP said in he first post, that it will change the starting difficulty?
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looks like a copy from JKC
Not just copy of JKC, JKC offered big bonus blocks, while this coin has 500 coin blocks until block 45K or something, and then 400 coin blocks, etc etc. All coins will be mined in a few years where as most coins last 10 - 20 years (mining wise). Not sure if that is good or bad though. |
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Difficulty is up to 2.25 now... Need to keep interest going in this coin hash rate is up too. The big blocks of 10k initially mined have been spread around it seems or offered as bounties.
{
"blocks" : 14128,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 2.25688488,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 109209427,
"pooledtx" : 0,
"testnet" : false
}
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Please don't show anyone where to make the change - if someone can't figure that out, then they have no business releasing code that they have no real clue how it works
These people are going to create copy-pasta clones anyway. If we don't educate them they will be forever without this knowledge. So I encourage you to explain how to make this modification. I am sick and tired of all these clones starting at retardedly low difficulty. The tool u mention already exists.. it's called cgminer.. or cpuminer...
you simply start a few daemons with the -connect option. That ensures it only connects to one node (which is also yours).. then you instruct your rigs to mine on your node.. as soon as you have a height > current blockheight you disconnect one daemon and restart it without the -connect option.. Voilá..
And yacoin, yes I think this has been done..
Hmmmm... If it's that easy then it's absolutely silly that these copy-pasta clones start at such a ridiculously low difficulty. Again, if you have knowledge of how to set the initial difficulty higher please share it. The recent flood of clones is obviously being done by amateurs that probably won't figure this out, and yet will release their coins anyway. So do everyone a favour and educate them. Maybe they will listen. Its not so simple to change the starting difficulty without screwing up the entire difficulty calculation. Hence not one coin that I have seen on the scrypt side has ever released a coin with a higher starting difficulty. I should say I can see to quick and clean way to do it. But there are other ways... |
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Please don't show anyone where to make the change - if someone can't figure that out, then they have no business releasing code that they have no real clue how it works
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While this is probably true, if they started at a difficulty of 1, or .25, and the coin became popular, very quickly, it would be impossible to get coins, and if it was traded, the coin would be unprofitable to mine. So that means basically anyone without 10 - 30 MH's rigs (for litecoin variants) would get scraps, where as currently with some of the new coins, anyone who sees a release quick enough,m even with minimal hashing power, can scoop up a few thousand coins and possible a nice profit if its traded. I say something like .025 would be a better start than .25 or 1.
What was Bitcoin's original starting difficulty, anyone know?
What are you talking about...? At difficulty 0.25 with 350 KH/s you should find a block roughly every hour, that is hardly scraps. Coins shouldn't be made with the intention of everyone getting thousands of coins in the first few days so they can hoard them until the coin reaches an exchange and then dump their thousands of coins on the market decreasing the value of the coin instantaneously. Any coin designed to be intentionally pumped and dumped shouldn't bother being released. Bitcoin's starting difficulty was technically higher than 0.25 static CBigNum bnProofOfWorkLimit(~uint256(0) >> 30) that generates a starting scrypt difficulty of ~0.25, every incremental increase doubles the difficulty. Bitcoin started with: static CBigNum bnProofOfWorkLimit(~uint256(0) >> 32) Please explain how that line of code raises the starting difficulty? It doesn't. Exactly |
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While this is probably true, if they started at a difficulty of 1, or .25, and the coin became popular, very quickly, it would be impossible to get coins, and if it was traded, the coin would be unprofitable to mine. So that means basically anyone without 10 - 30 MH's rigs (for litecoin variants) would get scraps, where as currently with some of the new coins, anyone who sees a release quick enough,m even with minimal hashing power, can scoop up a few thousand coins and possible a nice profit if its traded. I say something like .025 would be a better start than .25 or 1.
What was Bitcoin's original starting difficulty, anyone know?
What are you talking about...? At difficulty 0.25 with 350 KH/s you should find a block roughly every hour, that is hardly scraps. Coins shouldn't be made with the intention of everyone getting thousands of coins in the first few days so they can hoard them until the coin reaches an exchange and then dump their thousands of coins on the market decreasing the value of the coin instantaneously. Any coin designed to be intentionally pumped and dumped shouldn't bother being released. Bitcoin's starting difficulty was technically higher than 0.25 static CBigNum bnProofOfWorkLimit(~uint256(0) >> 30) that generates a starting scrypt difficulty of ~0.25, every incremental increase doubles the difficulty. Bitcoin started with: static CBigNum bnProofOfWorkLimit(~uint256(0) >> 32) Please explain how that line of code raises the starting difficulty? |
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Selling 50,000 GLD for 1 BTC
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we really need this on an exchange. You have to think of this coin as a 100,000 = 1 BTC type of deal like a penny coin until we can get an exchange for it
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Wonder what the difficulty will be its set to rise again I think
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