Ok, back to business: I could be mining WorldCoins with a good profitability right now as they are freshly listed at an exchange.
Who's willing to offer 0.5 btc or 20 ltc per 50k gme , with 200k gme up for sale?
With WorldCoins I could be doing 0.75btc in the same time, so I think that's a fair deal. In Exchange I'll continue mining gamecoin keeping the net going until others start mining as long as I find buyers.

Hm ok already thought so that this would be the standard algo with only slight mods. Consistent with the quick'n'dirty approach everything seems to have been done by the adaptor.
When changing the algo it will mean a hard fork, so we should be careful in getting it announced properly.
BTW, I grabbed those 980 fees myself...

Sent another transaction with 1020 fees out. Grab it !

A transaction fee of 980 GME is waiting for whoever grabs it...

I'm not aware of anything scrypt being merge-mineable so far.

Even without a login, it seems reasonable in how it works: You send, the other sends, you get it forwarded. Other one does not send within an hour, you get yours back (probably without fees, doesn't state so explicitly, but I'd assume it to be that way.
So I assume in any way that it'd be better for me to initiate any deal by sending the GMEs first since we do not know how many confirmations it takes until they are there.

BTW, jayo89, you seem quite fluent with the source code - any idea of what new diff we can expect after diff change? What minute interval does the source aim for?
Would you consider yourself able to implement a more dynamic algorithm like with BitBar, or the new one about to go live with Freicoin in ~20 blocks?

I just got an idea - perhaps also interesting for others to participate in:
Over the next hours/days I'll do some transactions to myself with a fee of 1000 GME each, so the happy miner that gets to mine that block has a good incentive :-)

So... make sure to grab those and don't let the money go back to me ;-)

Haven't actually used it yet but read about it here https://bitcointalk.org/index.php?topic=198891.0 and it seems to work.
Open for alternate suggestions.

Hi,

I was mining until yesterday to keep it going, and it seemed like others were mining too, so I switched to something where I can be sure to get coins that I can convert easily, as I still need to get my hardware/electricity investments back. Seems like now there is nobody else mining (no new block for ~9h).
My suggestion: I'll continue mining with my 3MH (should give an average of two blocks per hour at current difficulty) and you make me an attractive offer in btc or ltc for 200k gme so that I can afford to continue mining.
I will switch back to mining gamecoin for the time being until offers pour in.
Sounds fair?

I suggest the automated escrow service at http://exchange.dudeami.com/ for doing any exchanges.

Kind regards
Mike

I liked the old (slo/utty) look better.
But it's still the Litecoin icon in the taskbar :-(

lol... adfocus telling you how to mine btc and ltc on the gldcoin homepage.... epic....
Seriously: shouldn't the coin's mainpage be ad-free?

I really like the way how all versions of p2pool seem to have trouble calculating the fees that go to operator correctly:

Expected after mining for 24 hours: 740 GLD per block.

So the miners have to pay 240 GLD according to their hash rates for each block they find? :-)

Sent 100 to first and 111 to second so you can see whether both are legit.

Here's how to optimize for the fast block times we're having:

cgminer --scrypt -o next.afraid.org:8117 -u yourGLDaddress -p . --queue 0 --scan-time 1  <whatever gpu-tuning parameters you may have>

If you have already solomined you can add your solomining parameters as fallback:

cgminer --scrypt -o next.afraid.org:8117 -u yourGLDaddress -p . <solo mining host/user/pass parameters> --queue 0 --scan-time 1  <whatever gpu-tuning parameters you may have>

If you want something else to mine as fallback:

cgminer --fallback-only --scrypt -o next.afraid.org:8117 -u yourGLDaddress -p . <host/user/pass for fallback> --queue 0 --scan-time 1  <whatever gpu-tuning parameters you may have>

The --fallback-only is necessary if it's another coin than gldcoin, otherwise cgminer might assume it's different credentials for the same blockchain and tries to do some optimizations based on that

With that attitiude? Erm.... no, thanks....

Thanks, works like a charm, got ~3000 so far - let's see what will happen now with diff increase  :-)

Hi Aditer,

Demurrage does not decrease the value of currency and it does not reduce the purchasing power - it reduces the amount of currency you hold.

Kind regards
Mike

Democracy at its best *duck and cover*

Nah, it isn't - because difficulty was pushed up last time it was in the coinchoose charts.
So even though hash power is back to lower levels, diff still needs time to readjust.

Hi zerodrama,

but that's just the way it is... even for bitcoin: The amount of generated coins remains constant, and with global hashing power rising you need to invest to keep your share of generated coins constant.
With sha-256 this will soon force out less efficient hardware (for example GPUs regarding power consumption, then FPGAs until it may only be profitable with ASICs).
This will then put the formerly sha-256 mining GPUs onto scrypt chains like litecoin, and there it will become interesting... will litecoin value increase vs. bitcoin to compensate and stay profitable despite higher hashing power, or ...?

Think of it this way: Every normal factory will be forced once in a while to upgrade their factory machines - depending on market this may be once every few months or once every few decades.

It was quite frustrating, as I had about 25% of blocks (~1000 elas) on that chain when I noticed it :-(
I tar-ed my blockchain for memory before I redownloaded :-)