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61  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Development on: January 24, 2014, 05:51:18 AM
5a) At this stage we do not require investors for funding, we already had enough funds to get this project started with our development partners, and the rest of the process via pre order funds.

Another argument.
Since pre-order clients helped to invest/fund, you may want to consider to provide full benefits/return to these clients:-)
62  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Development on: January 24, 2014, 05:46:32 AM
If they can do anything like the precedent that KNC has done, they will really go down in history. I mean KNC delivered 550Gh/s when the machines were originally spec'd at 350/s or so (300-400). That is 57% above spec. So, a 5Mh/s machine would be an almost 8Mh/s machine. That would be great and to be honest, looking at the hash rate rise, it would be in line with what KNC did to maintain profitability for the customers.

Hi, I fully agree! If this would happen, I am sure that most batch 1 customers (and all non existing clients) would make sure they order for batch 2!
(just like what happened with KNC)  We all like companies who underpromise and overdeliver :-) Maybe you can become the KNC for Scrypt!

Fiaz, thanks for updates so far! ( I guess we all cannot wait to start mining with the maximum hash power available :-) )
63  Alternate cryptocurrencies / Altcoin Discussion / Re: Set up a Pump (and Dump) group? Or an autonomous entity called WOLONG ;-) ? on: January 23, 2014, 07:18:50 PM
the entity would pump and dump continiously,
so enyone could buy or sell coloured coins of this entity when they want

I guess the project would take too much effort to create, although it could be very, very profitable
64  Alternate cryptocurrencies / Mining (Altcoins) / Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Development on: January 23, 2014, 06:30:47 PM
On Dec 17 - https://alpha-t.net/news/development-update-17122013/
"we have shown all hash rates as minimum expected figures."

On Dec 24 - https://alpha-t.net/news/registration-open-updates/
"Due to the previous errors of other ASIC companies, hash rate and shipping we have quoted are based on worst case scenarios. We expect to out-perform these quotations. All our boards will very likely have better hash rates than estimated/published. The published hash rates will be guaranteed as bare minimum if not better."

Hey there, we have optimized our ASIC RTL design in such a way that we will be able to achieve higher performance with a very low number of chips, thus the density of chips per machine will be significantly reduced.

1)   The average hashing power per chip has been beefed up significantly from our estimated 300Khs per chip to 800Khs per chip and thereby reducing the number of chips required to reach the required hashes.

Following your own statements, I herewith propose an alternative scenario :-)

Keep the same density of chips per machine and increase the total performance / hashrate per machine :-)
65  Alternate cryptocurrencies / Altcoin Discussion / Re: Set up a Pump (and Dump) group? Or an autonomous entity called WOLONG ;-) ? on: January 23, 2014, 06:17:58 PM
the coloured coin can be used to invest in the entity, that was my idea
66  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██ [ANN] ▬►►COINO◄◄▬ - Fast transactions - LAUNCHED!!! ██ on: January 23, 2014, 12:43:01 PM
Coino is on vote of another Exchange!
Vote for coino (just write coino):

https://vox-exchange.com/vote


Just voted!

give reward:  UZUVgdYnxFnJGd7dExkxouhMRQJw13QeEU
67  Alternate cryptocurrencies / Altcoin Discussion / Re: How can you tell if a coin is premined? on: January 23, 2014, 07:43:09 AM
See here example of COINO

https://bitcointalk.org/index.php?topic=419873.msg4672267#msg4672267

"1. First block: size 2200000 coins
2. 140 blocks: size 1 coin
3. 2794284 blocks: size 36 coin
Then block size is 0 forever

Here nSubsidy part of code in main.cpp:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
        int64 nSubsidy = 0;
        
       if (nHeight < 2794284)
                nSubsidy = 35 * COIN;
                
       if (nHeight < 140)
                nSubsidy = 1 * COIN;
        
        if (nHeight == 1)
                nSubsidy = 2200000 * COIN;

    return nSubsidy + nFees;
}"
68  Alternate cryptocurrencies / Altcoin Discussion / Set up a Pump (and Dump) group? Or an autonomous entity called WOLONG ;-) ? on: January 23, 2014, 07:32:32 AM
Hi all,

Would it be possible to jointly set up a Pump (and Dump) group?

In stock markets, Pump (and Dump) can easily be done with penny stocks and with some capital.
Here is an example of a "penny coin":
At the bottom of http://coinmarketcap.com/ , there are coins with a low market cap, for example: CraftCoin $ 85,315.
Craftcoin only has a trade volume of about 5 BTC:  http://www.cryptocoincharts.info/#jump-crc-btc

Tactic considered:
1. The group would think of some Unique Selling Points for the specific coin.
Each member will post each at least 3 messages / comments on different media.
2. The group would slowly buy a "penny coin" to generate a rate increase, interest and volume.
3. When enough interest and volume is raised, and when a certain value has been reached, the group would sell the coin to generate profit.

Organization:

Option 1.
Manually: members of the group would have to discuss in a closed forum on actions, results, tactics, etc.
A big risk is the "prisoner's dilemma", where one member could sell out half way, sabotaging the tactic for the group.

Option 2.
Autonomous Artifical Intelligence Unit:
Would it be possible to program a predefined behavourial trade tactic, driven by an autonomous entitity, which for example is owned by coloured coins?
This should be a black box model having API access to several accounts on exchanges.
The group would fund this entity for example with 25 x 1 BTC. The entity would then select any of the bottom 20 coins on http://coinmarketcap.com/ .
It would start buying slowly to let the price increase.
It would then randomly select an exit price (maybe even taking in consideration some technical analysis based on historical MACD info).
When the target price would have been reached, it would sell again.
It would also select a stop loss level where it would be able to step out of the strategy.
During the initial buy, it would inform the members which coin has been choosen.
Probably, these members will now start to buy on personal account, since a pump will take place.
Also, these members will promote this pump.
Because the exit rate is not known by the members, there is little risk of prisoners dilemma.
The investment should be done with coloured or new coins, where the payback only can be done by the depositing account.
=> Would this work?
(If so, PM me, maybe we can set up something like this)

o .. and maybe we could call this autonomous entity "wolong" :-)
More info on Wolong
http://dogetoday.com/2014/01/the-wolong-plan/
http://www.timothyhoogland.com/2014/01/quick-update-dogecoin-wolong-spike-up-from-50-satoshi-to-85-satoshi/
69  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██ [ANN] ▬►►COINO◄◄▬ - Fast transactions - LAUNCHED!!! ██ on: January 22, 2014, 09:19:27 PM
Now it seems like:
1. 2,200,000 coins are premined
2. and it will take 2 years to mining 35 coin blocks to get the sa

Let me check:
    "Block reward: 35 CON (First 140 Blocks only 1 Coin for instamine)
    Block time: 25 seconds"

86400 seconds in 1 day.
86400/25 = 3456 blocks per day.
3456 *35 = 120,960 CON per day

Now at block 14835 ( http://cryptexplorer.com/chain/Coino ).
So 14835 - 141 = 14244
14244 * 35 = 498,540 CON
70  Alternate cryptocurrencies / Altcoin Discussion / Proposal to give away 50% of premine! on: January 22, 2014, 07:25:20 PM
********************************************************************
********************************************************************
********************************************************************
THIS IS A PROPOSAL
THIS IS NOT A GIVE AWAY !!
********************************************************************
********************************************************************
********************************************************************


It seems 2,200,000 coins were pre-mined for COINO

     https://bitcointalk.org/index.php?topic=419873.0

The bounties are very small amounts versus the 2,200,000 premined coins ...
   3 of 3 remaining = 500 CON for Developing Coino Game
   1 of 1 remaining = 500 CON create promotion Video for Coino
   2 of 3 remaining = 300 CON for the next 3 new pools"

I propose that the initiators GIVE AWAY 2,000 * 500 coins (total of 1,000,000) of the premined coins as soon as possible to unique users of this forum (for example with a profile older dan 7 days and activity > 10).

So this will be a shared pre-mine for everybody!
This will create massive attention!
And all owners will vote to get it on an exchange, etc!

********************************************************************
********************************************************************
********************************************************************
THIS IS A PROPOSAL
THIS IS NOT A GIVE AWAY !!
********************************************************************
********************************************************************
********************************************************************
71  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██ [ANN] ▬►►COINO◄◄▬ - Fast transactions - LAUNCHED!!! ██ on: January 22, 2014, 07:14:59 PM
you premine 2,200,000 coins
It will take 2 years to mining another 2,200,000.
Right?

All, is this true ... ?

I propose that the initiators GIVE AWAY 2,000 * 500 coins (total of 1,000,000) of the premined coins

Please see:   https://bitcointalk.org/index.php?topic=427614
72  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: [Buy] [Sell] COINO on: January 22, 2014, 11:54:47 AM
I cannot wait for Coino to hit the major exchanges!
73  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██ [ANN] ►►COINO◄◄ - Fast transactions - LAUNCHED!!! ██ on: January 22, 2014, 11:48:25 AM
"Giveaway for the next 25 People (200 CON).
Post your Wallet ID here."
Here: UaV53exbuTY2Uw7BH8VLNs3uqyH4bhhMKY

Coino is so Oooooo
Such coolness
So fast
74  Alternate cryptocurrencies / Altcoin Discussion / Re: ██ ►►COINO GIVEAWAY◄◄ - Just launched.... Get free CON now ██ on: January 22, 2014, 11:44:33 AM
please give me 5 + 10 + 10 :-)
posted! reddit: bitnl
posted! cryptsy: bitnl
UaV53exbuTY2Uw7BH8VLNs3uqyH4bhhMKY
75  Bitcoin / Mining / Re: minershare.net questions on: January 21, 2014, 08:08:59 PM
"it appears that they take cc and paypal so if you go that route, you can protect yourself. "
if you choose this option, the order does not work...
76  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ██ [ANN] ►►COINO◄◄ - Fast transactions - LAUNCHED!!! ██ on: January 21, 2014, 05:20:57 PM
Hi,
This does not seem to work anymore?? :-(
http://www.reddit.com/r/CoinedUp/comments/1vm683/please_add_coino/
the link you are commenting on has been deleted
77  Bitcoin / Bitcoin Discussion / THIS is why Bitcoin will be succesfull... (answer: support by developers) on: January 21, 2014, 07:01:04 AM
Bottom up approach:

1. New product / services can only be succesfull if supported by developers
See video of Steve Ballmer from Microsoft on "Developers" :-)  http://www.youtube.com/watch?v=8To-6VIJZRE

2. There are many, many examples, here is a recent one:
"I am a web developer for one of the largest museums in the US. How can we start using Bitcoin?"
http://coinbits.com/2014/01/20/i-am-a-web-developer-for-one-of-the-largest-museums-in-the-us-how-can-we-start-using-bitcoin/
78  Bitcoin / Mining / Re: minershare.net questions on: January 21, 2014, 05:31:33 AM
The shipment date seems to be later than Feb 15 ... ??

https://www.kncminer.com/news/news-69
"We have an exciting update for you all today, in 2014 we will be shipping our 20nm product called Neptune.
..........
Shipment begins in Q1/Q2 of 2014"

OK, let's check on:
http://bitcoinwisdom.com/bitcoin/calculator

INVESTMENT
1 share of 30 GH/s now costs 0.14611 BTC.

RETURN
With start date 2014-02-15 total return is 0.2205 (minus 10% fee for minershare.net)
With start date 2014-03-01 total return is 0.1633 (minus 10% fee for minershare.net, 90% = 0,01470)
With start date 2014-03-15 total return is 0.1208 (minus 10% fee for minershare.net)

Already after a two weeks delay on the estimated (very ambitious) start date of Feb 15, the return seems to be negative.

Looking at the previous post, the estimated date of Feb 15 does not seem realistic.
79  Bitcoin / Mining speculation / Re: Is this mining rig a good deal? on: January 21, 2014, 05:22:22 AM
When starting at Feb 1, you will get approx 1,4 BTC in 1 year.
https://cex.io/calc
Since you will also have to maintain / pay for power etc, this does NOT sound like a good deal.
In this case, I would just buy BTC for $1500.
80  Bitcoin / Bitcoin Discussion / How do you store your passwords? on: January 14, 2014, 05:59:22 AM
Hi all,

How do you store your passwords?

This is how I store my password (and related recovery information):

1. First, use two factor authentication for your wallet.
2. Do not forget to store the keyphrase to re-enable this on another phone if needed (if you will loose your phone).
3. Use a long 'random' password, like: fLF)(kfkljf_(&F763kjhdlzpgfI46#_!eoslks9fPFODu38347dhls98f5vcte_BTC_RULES_O_YEAH
4. Store your password (and related info to recover) in a text file in an encrypted RAR file (which is encrypted by 128 AES, with a very long password with capitals and non standard characters)
5. Rename this RAR file to an innocent ZIP / DOC / JPG
6. Put this file on USB and to a well known online cloud service (if your house will burn down)

By the way, it seems people are able to recover passwords for bitcoin wallets if needed:
http://www.reddit.com/r/Bitcoin/comments/1v5o9c/dave_bitcoin_walletrecoveryservicesgmailcom_saved/
http://www.walletrecoveryservices.com/
I hope I will never have to use them.
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