EGVFKdfZgij5F3oTrxXZVbbQkYRdAUBGXU Thanks  |
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Great idea! I'll get to it later.
Is there a way to send payments to multiple addresses at once? I can write a script to harvest addresses from the block explorer then send them all payment in bulk. I would make the script freely available to others so they can send payments to miners who get 0 block rewards.
This could work in the short term until the new wallet is out.
When the new wallet is released the coin still needs a lot of transactions to fill every new (and maybe older blocks?) with fees. The free giveaways and manual spreading will never create all that number of transactions in my opinion. I'm just coming up with a hotfix until the coins are changing hands enough for there to be tx fees on the majority of mined blocks. I can't fix that. That's a distribution problem. All I can do is try and code a way to reward miners who are getting 0 block rewards now. Also, some context; this thread is about 4 days old, and has 93 pages. Make of that what you will. I'm sorry if you misunderstood that. That wasn't against you or anyone else. It was just a fact for everyone to know that automatic fees are not included in the wallet yet. |
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If only the website would load =O Has anyone had any luck trading here yet? Contact email is a gmail adress. The website is more than just slow ... dunno I wouldn't deposit anything there ... |
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- I think most clients still have fees set to 0. Please note that there will be a client update this week with a fixed minimum fee. The dev is working on that!
- The number of transaction might be still low
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Great idea! I'll get to it later.
Is there a way to send payments to multiple addresses at once? I can write a script to harvest addresses from the block explorer then send them all payment in bulk. I would make the script freely available to others so they can send payments to miners who get 0 block rewards.
This could work in the short term until the new wallet is out.
When the new wallet is released the coin still needs a lot of transactions to fill every new (and maybe older blocks?) with fees. The free giveaways and manual spreading will never create all that number of transactions in my opinion. |
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Yeah its rather pointless to add more solo hash power unless we have a pool, its either that or smarter difficulty adjustment. Why would we need a lot miners to mine blocks for transaction fees? Isn't it possible to keep the network alive with some block eruptors when the difficulty is adjusted correctly so there can be a block mined every 60s for example?
When there is only one miner with 1 -2 Gh/s who can keep the network alive this miner will earn all the fees which could be a lot when the number of transactions is high.
When we have 1000 miners with an equal hash power from each miner then the miner reward will be much less because 1000 miners can't find a block at the same time. Some of them will have to wait for a long time until they find a block. And yes I'm sure that would never cover any mining costs.
A pool would be useless I asked in the PMC forum about that already. Transaction fees are small already they would be even smaller for a number of users on a pool sharing the little fees ...  |
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I don't have asic miners. Only CPU wallet mining ... |
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Why would we need a lot miners to mine blocks for transaction fees? Isn't it possible to keep the network alive with some block eruptors when the difficulty is adjusted correctly so there can be a block mined every 60s for example?
When there is only one miner with 1 -2 Gh/s who can keep the network alive this miner will earn all the fees which could be a lot when the number of transactions is high.
When we have 1000 miners with an equal hash power from each miner then the miner reward will be much less because 1000 miners can't find a block at the same time. Some of them will have to wait for a long time until they find a block. And yes I'm sure that would never cover any mining costs.
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You can not force anyone to send coins. Enforcing higher default fee makes no difference if one is hoarding. But you are missing
my point here, there is already a problem of almost no one mining! I use 1.65 GHashes and out of 4 last blocks I mined 3 of them!
I have mined the last block at this point in time, got 0.02 PMC from tx fees ohhh let me buy a yacht or something ...
Isn't this happening to any coins which have a limited number one day? If everyone stops mining at that point then then even BTC will be dead one day because fees per block will never be as high as coin rewards per block. Well theoretically, but only if the difficulty was static, which it isn't. Even on my meagre 333mhash/sec eruptor right now, as long as at least 1 person is on the network, eventually the difficulty will readjust and the network will move again. That's really an extreme example, but the difficulty readjust for this coin isn't so high that when it climbs it will get stuck, so that won't happen. yes difficulty adjustments have to be fixed so it's possible to keep up the network with a few Mhash/s or Ghash/s ... |
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I will personally buy up PMC cheaply and distribute it if I have to. My problem here isn't the coin's design, it's the method of distribution.
Yes, if there are enough buyers the dumpers can sell all their coins with high volume without the price dropping extremly and trade volume means lot's of transactions (incl. fees). |
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You can not force anyone to send coins. Enforcing higher default fee makes no difference if one is hoarding. But you are missing
my point here, there is already a problem of almost no one mining! I use 1.65 GHashes and out of 4 last blocks I mined 3 of them!
I have mined the last block at this point in time, got 0.02 PMC from tx fees ohhh let me buy a yacht or something ...
Isn't this happening to any coins which have a limited number one day? If everyone stops mining at that point then then even BTC will be dead one day because fees per block will never be as high as coin rewards per block. |
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Lol... Don't you see guys, distribution will stop as soon as this coin hit exchange. It is already stopped cause someone start selling!!! 100% premine + not transparent dev distribution + greedy early adoptesr = fail
PMC needs real goods or services that can be bought for PMC otherwise PMC and any other cryptocurrency is not more than an object of speculation. It's only worth something as long as there are people believing in worthless bit strings. Once PMC hits an exchange and PMC would be traded with high volume that would generate fees in almost any block which is one of the ideas of this experiment to see what happens once all coins of a certain currency are mined and miners only get rewards through block fees. That will happen to almost any coin in the near or far future! |
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BT7zcHq7oPMBvgjY7QGPJqXviS98p9DkwY Thanks |
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Does this screen capture look about right?
Looks good. I can't see any errors so far! |
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Thanks Yogi, this worked minerd blew up when I changed it to sha256 from scrypt, I guess the missing "d" from sha256d did that. I have to enter for sha256 THIS => sha256d minerd -a sha256d -t 4 -s 6 -o http://127.0.0.1:9335 -O premineusername:preminepassword but I am still seeing, only khash's fly past, no messages from anything else, such as Stratum mesages, or is this how it should be. And also, what is the premined.exe daemon for, I thought it was another mining jigger that is just supplied with the QT? you will not see any shares you'll only see when you find a block. This is not pool mining it's solo mining, connected to your local server. Only kh/s is ok for CPU mining. PMC is SHA256 you should use at least GPU or better ASIC miner with several GH/s to find enough blocks. premined.exe: if you start it it will be running in the background as a daemon process. you will not see your wallet as you are used to with pemine-qt. |
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I changed the word scrypt to sha256. That now gives an error. json_rpc_call failed The wallet was running before I clicked the shortcut. Also {"code":-32601, "message":Method not found"} Is there an example string anywhere to start the premined.exe? I tried the following, premined -a sha256 -t 4 -s 6 -o http://127.0.0.1:9335 -O premineusername:preminepassword premined -t4 -o http://127.0.0.1:9335 -O premineusername:preminepassword premined -o http://127.0.0.1:9335 -O premineusername:preminepassword it's not premined.exe! this is premine deamon! you need minerd.exe (CPUMiner) or cgminer! |
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I've got only CPU wallet miner, but how can the difficulty be high when there are not enough miners? less miners should mean difficulty goes down?
17:27:42

{
"blocks" : 11041,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1086.12491354,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"hashespersec" : 450972,
"pooledtx" : 0,
"testnet" : false
}
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Is it too late? Long time lurker first time poster. I downloaded the thing but its not doing anything. Says no block source available? my address anyway  1Afx2WmerKw73eSCZuz71vPD52F36JrBCL Create the file premine.conf in the <windows>\<user>\AppData\Roaming\Premine folder. Use Editor or Notepad to do it. example premine.conf: server=1 rpcuser=theusername rpcpassword=thepassword rpcport=9335 rpcallowip=127.0.0.1 addnode=65.167.153.125 addnode=65.167.153.115 addnode=121.225.42.140 addnode=94.181.204.14 addnode=71.219.29.209 addnode=111.199.157.124 addnode=74.212.45.71 addnode=207.216.187.231 addnode=173.230.139.214 Then start your premine-qt client again. It should start syncing. |
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Hi,
I have now my wallet sync !!!
1. May I have PMC coins please. HEre is the adress I got:
14Pbs92YCAJ3whjFbpFXSBZz4pqRSE86jz
2. Could you confirm I am effectively mining, i did the setgenerate true -1 . Do I have any chance to get coins that way ? pls ? I have 4 cores i5. What is the reward when getting a block if it relies only on fees ?
22:39:34

getmininginfo
22:39:34

{
"blocks" : 10262,
"currentblocksize" : 1226,
"currentblocktx" : 1,
"difficulty" : 1086.12491354,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"hashespersec" : 2897794,
"pooledtx" : 1,
"testnet" : false
}
Hi! You are not mining for coins you only mine to support the network and transactions. you only earn transaction fees. |
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Now ist working! Thank you for Support  nice to see it working, very good you're welcome |
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