Come on people! tagmining.com is offering 20TAG for the first block found! That's over a days mining reward to a mug punter like me... My lousy 1.4 m/hs has me near the top of the tree there. If you don't get in I'll (eventually) clean up  Fee is now lowered to 1% on http://tag.cryptominer.net/  As I dont have mining rigs anymore, any donations would be appreciated. Thanks, and happy mining! Yeah, well Tagmining.com has free cake for it's miners. Ok, ok... the cake is a lie. How do I compete? lol... I'll buy half your pool's hash power in exchange for my first born child. Let me just clear it with the wife first. |
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I'm in. Only got 1450 kh/s but got a chance of jagging a frew free TAGs. Edit: as soon as I give the pool a plug, it goes down....  Edit 2: Back up. My have been my ISP slowing to a crawl.. Thanks for nothing Optus. I'll go ahead and post this here before I make a [ANN] post. TAGMining.Com mining pool is now up and running.I won't blow smoke... it's a pretty standard pool, nothing new... just giving people options. 1% fee. Standard 200 confirms to payout. LP & stratum Server located in San Francisco, CA, USA. I will personally pay out 10 TAG to the first block finder, 5 TAG to the next 4, and then 2 TAG for the next 5. These rewards will be paid when the 10th block is confirmed, so if you found multiple blocks I can pay you in one transaction. I will be looking at how feasible it is to reward the block finder with a little extra TAG. mmcFE offers it now in the configs, so I might just implement it in the future. I started a litecoin pool a while back, but never really gained any following. I figured I'd test this out again and see where it goes. I'm open to all community suggestions if the pool is successful. Let me know how it goes. If there are any issues, please let me know via PM so I can correct them ASAP. |
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A quick message to those people that say TAG is an overvalued shit coin... Some simple maths using FTC as a benchmark. FTC issues 80 coins per minute (200/2.5) . TAG issues 7.5 coins per minute (30/4) . To make it simple we'll say 10 to 1. FTC's current price on btc-e is .00038. It's difficulty is 133. TAG is currently trading at Cryptsy for ~0.002. It's difficulty is 100. I'm sure by this time tomorrow TAG will be around the 130 difficulty so let call that as even. Therefore 1 TAG should be worth 10 FTC. To me that makes TAG about 50% undervalued. So much for the pump and dump theory.  |
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ID 12608
TEasipaFUdKfkJjd9QC4UqMMzJJ1Sv3ez9
Thanks.
Do people even read this thread before trying to get something for free? The offer expired like 2 days ago... |
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To all the cranky Chinese venting their anger... Don't blame Tagbond, blame your own countrymen trying to scam the system.
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54.09 diff... New record?
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OK, someone has to be the crash test dummy!! I've just sent 1 TAG to bter.com. It was mined via tag.minar.cc which I'm sure is on the correct chain and it went through no problems. So I'd recommend that whatever block count tag.minar.cc is up to is the correct one.
PS: What a horrible site interface at bter... Take a lesson from cryptsy guys!
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Unlikely as all the pools are mining the other chain. However it is still a fuck up that the devs need to sort out ASAP.
BTW, did you ever consider that throwing > 51% (550mh/s) at a newborn coin may have actually created the problem you are now trying to solve?
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the one on 1199 is the correct one
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https://coinex.pw/trade/tag_btcInteresting starting trades Ask 0.0005001/BTC = ~$0.10 Sell 0.0044/BTC = ~$0.88 For Info LTC is 0.011/BTC for $2.07 USD FTC is 0.00036/BTC for $0.07 USD Yes it is always on coinex. I calculate good price for new coin.. BUY price = reasonable marketcap / 60days coin volume = current buy price SELL price = as much can get - (waiting time - current money needs) Based on the current difficulty of 27.15 a 1000 KH/s rig would generate 22.2 TAG per day. The same rig would generate 30 FTC per day. Therefore I would expect that even if it was listed on Cryptsy right now it should be be worth 40-50% more than FTC. However with the diff going up and up, I would guess that when it finally does list on a real exchange, it should worth much more than that. |
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halibat. I've already done that - twice. It's currently showing the correct block info, it just doesn't update properly after a while. Of course, it goes without saying I wouldn't have to worry about right fork/wrong fork on a properly thought out coin...
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Tagbond. You really need to do something about the qt wallet. It is hanging on updates. I'll check it every hour or so and it always get stuck on updating the last few blocks. I can work around the problem by closing and restarting the wallet but that is going to be a massive pain in the arse once the transactions really start flowing. Just watching it now and it is hung on 6 blocks remaining. Time for version 1.1 methinks...
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No wonder the diff is through the roof. Got enough yet BCX? Difficulty is shooting up.  That's because I dropped 550 mhs on it. After I mine a few I will pull back. ~BCX~ |
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coin appears to have been stuck on block 850 for nearly 1/2 an hour
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ID 4252
TNQASnyaM3vJmUPMgdxHNyZXTQb82Pvtia
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Magnet. Yeah just took a look at the stats after 12 hours and the coin was already past block 800 when it should be at block 180. So it's going at over 4 times the expected speed. Couldn't be bothered crunching the numbers but I'm guessing that the diff is about right for 800+ blocks in 12 hours. Still a noob mistake in the OP promising one thing and delivering something else. It would have been nice however to let the early adopters get in at a diff of 2 rather than 20!! |
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Its presumably not real hours, but, rather, block-hours, that is, the number of blocks that ought to correspond to two hours if in fact the blcoks were being created at the target rate... In other words, 120 minutes divided y 4 minutes, thus every 30 blocks. When blocks come fast, it thus happens faster, when they come slow, it presumably would come slower... Same applies to years in bitcoin's supposed four years between block reward changes and so on and so on...
-MarkM-
Mark, a quote from the OP: Twelve retargets per day with a maximum swing in either direction of 25% Sounds to me they are talking about real hours not blocks. |
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OK, I read the OP a couple of days ago and thought this looks like a really well thought out coin/business model. It has now been 12 hours since launch and it appears to be a massive clusterfuck... Glad it's not my millions (according to OP) backing this venture.
One thing I can't get my head around is the difficulty increase. According to the specs, it should have increased a maximum of 6 times by now at a maximum of 25% per jump. Unless my maths is way out we should be looking at a difficulty of 1.907 however the current difficulty is more than 10 times that at 20.08?
Launch diff = 0.5
After 2 hours diff = 0.5 x 1.25 = .625
4 hours = 0.781
6 hours = .976
8 hours - 1.220
10 hours = 1.525
12 hours = 1.907
Devs, have you changed the parameters on the run? If so, it is only fair to disclose this. If not, you've screwed something up badly.
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@johndec - You have to be in Australia or my part of the world with that timezone - I shall still be awake at 2am here in Makati.
Correct I'm in Oz. btw, we are not mining the coins ourselves after launch. After launch, what about pre mine? |
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This looks like a really interesting coin/business model that has been really well thought out. BUT, I can't understand why the method of coin generation can not be revealed before the launch? The coin launches 4am Monday my local time and I'll be really annoyed if I set the alarm only to find out that I need an ASIC to mine it...  As an aside, if the coin/business model is as successful as you hope, there might be a certain watch company that might claim intellectual rights to the name Tag?? |
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