NXT needed that because it was securing project funds. The time isn't important; the distribution is. I can't paint an exact picture, but there are less "big fish" with PMC than with NXT I'm sure.

This post needs to be on every page. Lets just PMC on Coinedup. 

Well, if you mean better off in that you need the money, then maybe, but who knows what the price will be in a few weeks. I think 2 BTC is a reasonable evaluation, although you may find it hard to find a buyer right now.

Personally, I'm holding on to mine for the long term, but it's your PMC, and you can do with it as you please.  

Perhaps you'd be better off selling it in amounts of 500-1000. Not only will you be able to sell it more quickly, but you'll also be helping the coin by distributing it.

Yeah, seems to be a problem with the exchange as it's affecting all coins at the moment. This is part of the problem of only being on one exchange.

Mine sometimes crashes when a large amount of PMC is donated to it, but I believe it's caused by the network tx fees. I've set a 5 PMC buffer so it should be ok now, but sometimes it still doesn't like moving that much at once. I've tweaked it now so it'll only send a 3rd back at a time if the coins in the block rewarder exceed the maximum safe capacity (currently 150).

I've also tweaked the super bonus to be a 1% chance of a 1 PMC block reward. This seems better than a lower probability of 5 PMC, as the reward can be more frequent.

Great stuff. 

Exactly. As long as PMC keeps moving, it will keep generating tx fees for miners. My block rewarder is only meant to be temporary solution until the network activity picks up enough pace to do it without my script, however I have some PMC set aside, so I could do this for weeks if I absolutely had to, but I'd rather it didn't come to that, as I would like to use my set aside funds for bounties for services.

The more people pay into it, the longer it can run also.

Actually the dev has very little PMC left. Most of it is nearly gone. What is left is being distributed now, and he's using the proceeds from a dice game he set up to feed PMC back into the network.

I'm using my own coins and those that have been donated to the block rewarder. People have been very generous, and it's thanks to them that I'm able to keep this running.

The problem with rewarding zero fee blocks is that it's a retrospective thing. You don't know a block has zero rewards until it is on the network, and there doesn't seem to be an easy way of finding them without somehow reading the blockchain yourself, which isn't straight forward. My first script was designed to do exactly that; search an online block explorer for zero reward blocks and reward miners for them. The problem was that the online blockchain explorers were locking me out due to hitting too many webpages. I could do it if the API wasn't so underwhelming. That script works fine. I could even automate it. But it's unworkable due to the online block explorers.

Block Rewarder Status: Live
Block Rewarder Pot: 104 PMC (Maximum: 150 PMC)
Time: 2 Seconds (minimum) between Payouts
Block Reward: Minimum 0.01000000, Maximum: ? ? ? (Previous Max reward: 5 PMC)
Block Rewards per block 1x, 2x, 3x
Block Explorer Payout Address: Link
Donation Address: 1CUWaAoF1pPthNqzudZBaM38LgzyeQ4JiV

SUPER BONUS: 0.4% CHANCE OF 5 PMC REWARD

Q: How does it work?

1: I use a PMC Wallet specially set up for sending out block rewards.
2: Using a script, I send myself small amounts of PMC. Every time this happens the script also determines what to set the transaction fee as, aka the "block reward".
3: This transaction fee is then injected onto a new block on the network.
4: When a miner finds this block, he will mine that PMC
5: Due to the way transaction fees are handled sometimes several of these "rewards" can appear more than once in a single new block

Let's see how this one plays out.

Seriously guys, if you have any ideas on what sort of bonus conditions I can code in, please share them. I can pretty much do anything within reason. I could base rewards on difficulty, or reward every nth block. If it's a good idea I may implement it.

I may be able to minimise this effect by reducing the time between looking for blocks to 1 second, although I'm not quite sure what effect this will have on my script. I should be able to adjust it to 2 seconds without any problems. I'll try that first.

My initial script idea was to send rewards to miners who mined 0 reward blocks, but unfortunately it proved to be impractical, so I had to abandon that script. I have a reward script running now that injects most blocks with transaction fees while it's running, but due to the way transaction fees are transferred into new blocks by the network, sometimes it can miss one, and it will end up in the previous or the next block.

http://cryptexplorer.com/block/000000000000c5de716b229393bc57a3f7efd558070a5a33ffce712f8ab9f413

That 5 PMC is one of the super bonuses. There's a 0.2% chance of it being generated for any new block on the network. I may increase the probability tonight to 0.4%

The only person getting a boat out of all of this will be Max Keiser himself.

The difficulty will really go up when there's a pool. Not quite sure why we're holding off yet, but I'm sure a reason was mentioned earlier in the week.

Good point.

Doge's price didn't artificially rocket a day after it was launched.

Remember to keep voting to add PMC on CoinedUp. 

It's a race to the bottom. It's still profitable for GPU farms, so what reason have they got to hold?

Yay they updated the stats after I emailed them yesterday. 

When life gives you Lemoncoins..

You can blame the previous dev for that one.