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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, CLIENT UPDATE v0.8.7 AVAILABLE on: April 03, 2014, 04:28:16 PM
This coin is worthless without basic infrastructure, doesn't even have block explorer(?). I will buy some of them when there is a proof of development around, but for now I am glad I sold mine at 0.001 Wink .
2  Economy / Trading Discussion / Re: Mark Karpeles / MtGox on: February 25, 2014, 06:46:42 PM
I guess this topic foreseen the events that are occuring now. Interesting how the problem was around for so long, quietly lurking, only to turn into catastrophy in a matter of days...
3  Economy / Currency exchange / Re: MTGOX <-> BTC BID/ASK on: February 25, 2014, 03:31:36 AM
Buying for 0.001 a piece.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CorgiCoin (CORG) - Come strut with us! Now on CoinedUp! on: February 22, 2014, 03:35:07 PM
This coin is purely stupid. Teenagers having fun and getting rich. Keep it up!
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 21, 2014, 02:48:40 PM
Just a thought from my behalf:

This coin should probably relaunch in a more favorable conditions. Currently, we almost have no updates, and the price is dumped so low it is risky to involve too much of a free time to get a better insight in how this algorithm works and in what way we could improve it for the community.

Another thing I didn't like about this coin was the dedicated miner which appeared along with the wallet, without any clear documentation or at least performance comparison. With ambitiously long block time, this leads to a lot of miners giving up as they are finding no blocks at all and again have no chance or time to analyze the coding provided.

The market of RIE clearly shows the biggest miners are getting a lot of this coin and at almost no cost, which is a clear indication of botnets riding on the wave of initial hype coming with this new POW.

The concept of the coin definitely is promising and I appreciate some of you are trying to build a community, but maybe we should think of relaunching the coin. If we are aiming at the increasingly high results, this algorithm might be changed to have ever increasing block time to some soft limit (say 10 minutes). That might enable finding relatively fast blocks at the beginning, attracting more interested miners, and as the time passes, aiming for the real records.

Yours, CB
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 15, 2014, 10:31:09 PM
now is cheaper to BUY  RIC then mine, better mine something else and exchange that coin in to RIC

Botnets will stay with this coin, at the same time, community currently doesn't seem too interested. I will try to buy some, but with current status a price above 0.001 is a bit too much, especially for those botnet owners (which clearly are present since they dumped to 0.0004 yesterday).

7  Economy / Speculation / Re: MtGox <-> BitStamp price divergence? on: February 14, 2014, 12:06:08 PM
How long is it taking to get USD into Mt Gox? Could be the trade of the year if they ever allow bitcoin withdrawal again.

Try sending to Karpeles' personal address, that's how Chinese solved it with huobi. Just a thought though, you may wait out till gox dies and than attempt to withdraw through his personal wallet (maybe even attempt multiple withdrawals).

Quick estimation per 1000 $ USD:

Buy in at price ~50$ (in a few days) -> 20 BTC
At least three fake withdrawals succeed (4 altogether) -> 80 BTC

Sell at rebound on stamp (850 $) -> 68000 $


8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 14, 2014, 01:59:00 AM
How can I understand, I mine coins or I mine into the empty?

That is one thing with current setup and minerd miner. You can't really tell.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 05:19:09 PM
I hope you guys mining with VPS and whatnot don't lose your shirt on expenses...
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 01:49:19 PM
Barely got somewhat above 20 blocks, but now nothing for hours with ~2000 (albeit a bit smaller) cores. This coin wont get evenly distributed, but might still have a future due to its nature...

But certainly this is not a community coin like DOGE or WDC and to some degree even XPM.

Anyway it is much better than that ploy of MAX Keiser...
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 01:37:33 PM
Even the pools wont solve the uneven distribution. BTW - is XPM difficulty dropping since this launch, anyone checked?
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 01:05:33 PM
I don't think pool is going to help miners bellow 100 and soon 1000 cores. Also, we need to establish whether there are people gpu mining, because that might render anything else useless.
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 12:06:44 PM
Selling 7000 RIC PM with offers
omg man, could you please tell us what hardware did you use to mine it? 100.000 cores? Smiley

7000 RIC = 140 blocks (50 ric worth), or maybe 300-500 blocks if to count in small reward. WAIT... OH SHI~

Yup, I would also like to know. Was it using large instance VPS or just "something else" (GPU/botnet)?

If OP could provide some backing, it might positively influence the price (at least we know what kind of equipment is winning the most of RIE).
14  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [WTB] 1000 RIC/Riecoin for .1 BTC on: February 12, 2014, 12:01:15 PM
sold Wink
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 11:55:33 AM
Probably more accurate for both us... Besides you seem like you are not particularly a millionaire so stop pretending to be one...
16  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [WTB] 1000 RIC/Riecoin for .1 BTC on: February 12, 2014, 11:44:39 AM
Sell for 1 BTC.

17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 11:42:13 AM


Holy shit. Now that's what you called ROI!  Wish I could share in your spoils but you probably wouldn't share.. or would you? I'm skilled enough with VPS, linux, etc to figure it out if you forward me a few tips!  I have bills to pay Sad


You, my friend, are providing a shameful display here. Screaming about viruses you appear more like some kind of crack addict desperate to get some of it "spoils" via SilkRoadv11.0.

If you really were skilled you would just hire an instance and let it mine. But the times of unlimited profits are now long gone. Crypto is dying on short/mid term, mostly also due to VPS and other mining services leaking too much fiat out of the system.
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 11:27:30 AM
Edit: So far general consensus might be you need ~ 200 - 600 cores to find a block per 12h! WOW! I remember mining with laptop when XPM was released and still getting a block.

That must mean there is about 500'000 cores currently on the network supporting this coin.

That clearly cannot be just from random miners on this thread. Either someone has a massive > 100k machine botnet on this (why??), or there is a GPU miner that we don't know about.

Does anybody have a way to export the wallet addresses of each payout in the blockchain to excel and chart it so that we can see if they went to 1000's of distinct wallets (botnet) or to a few wallets (GPU miners).

Will try to do that later if it is not done by that time.
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 10:53:06 AM
I'm also mining with about 50 cores from the beginning and got 0 blocks.  Roll Eyes

The difficulty is way too high and getting 0 reward with that computing power makes me think that this is nothing more than a huge waste of CPU time.
I think, I'll quit this and switch back to a CPU coin with a steadier income and less price speculation.




Patience my friend, you might get to find some in next week or so, perhaps...
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RIC] Riecoin, new prime numbers POW coin, launches Feb 11, 2014 on: February 12, 2014, 10:49:31 AM
I'm mining with 320 cores from the very beginning, got several zero-blockcs (7 or Cool, and 4 non-zero blocks. I was running without scantime and -a option, now will try them.

Pretty nice record. A friend of mine is mining with ~5000 cores and only got like 20 blocks, albeit he is mining from the onset of blocks with finite reward.


Cheers!



Edit: So far general consensus might be you need ~ 200 - 600 cores to find a block per 12h! WOW! I remember mining with laptop when XPM was released and still getting a block.

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