I've yet to see any credible plan to "airdrop" these coins. The costs involved would be ridiculous. I'm all for taking these coins down, and attacking their credibility would reduce the major pump they all go through, but we're going to see more and more coins like this, and the whales aren't going to be able to pump them all.

I hear spaincoin is a viable target for the pumpers, but I've not looked into it with great depth.

The wind has somewhat gone out of the sails, but as someone with more than a couple of million coins, I would like to see Grain reach the heights it did a few months ago.

The altcoin market has just become so big, now.

Yes. They're all pump and dumps. Anyone who says otherwise just has a large share. Next to no people actually believe in them, except the ones suckered in to the bs hype from the bag holders wanting it pumped.

Right now the 50% Premined country coins are the biggest threat, due to how much BTC they'll rob from the market.

Perhaps we should find out who's currently running these kind of pools, and if they would be willing to set one up for PMC. I would much rather they created the pool and handed control over to the dev, though. I'd pay more for this.

+1.

Obvious scam is obvious.

Lots of talk of development, but absolutely nothing to show for it. The best you'll get is some questionable screenshots. Be prepared to lose your BTC if you invest.

I think the block rewarder needs to reflect the cost of PMC on the exchanges.

Now, there's two ways of doing it;

1: Block Rewards go up as exchange prices go up

2: Block Rewards go go down as exchange prices go up

Option 2 might seem more intuitive, but if you think about it, it's not actually the best option. When prices go up more people will be mining PMC, and because the harder you mine PMC, the relatively less you receive, you actually want the rewards going up, so rewards remain stable as difficulty increases. I will look at a way of incorporating the current PMC price in the script, which would make the block rewards variable by price. This would be a stable approach.

This is also an incentive for prices to increase.

When you think about it, mining PMC is a bit like mining on a pool in some ways. The more hashpower you throw at it, the more proportional your share is of the txfees. It's mainly a disadvantage to smaller miners, who would benefit from mining on a pool.

I really like the idea of a pool that will mine the most profitable altcoin and then sell it for PMC on the exchange automatically. This would be such a big deal for Premine, and I will personally spend my own PMC in paying for such a service.

Your probablem may be one of legitimacy. 50% Premined coins are in right now, but perhaps exchanges aren't getting it, and perhaps don't feel as confident in this 50% Premine than others.

Have you contacted Coinswap?

It might perhaps also help if a trusted member of the community held some of the premine to instil confidence. I'm happy to offer my services. I have a portable hard disk so they could be held in cold storage.

I think a better plan, or a more fleshed-out plan would be;

Provided you can verify and prove to the community this is being done, you could dump the altcoins you recieve and buy back up DeleteCoins from the exchange, pushing up their price, and making them more valuable to mine and to hold.

You should need to show that;

1: The value the coins were exchanged for in BTC
2: The amount of DeleteCoins purchased with said BTC

These DeleteCoins could either be added back to the pot, or sequestered for some other purpose. Or destroyed into a verifiable address that can't possibly be spent. Someone more technical than me can explain this process, but I believe it is relatively straight forward to make coins unspendable by sending them to a particular address. This would reduce total supply, and therefore increase the value of DeleteCoin as well.

Absolute transparency is paramount, and provided the community feels safe knowing the premine won't get dumped, it will also encourage exchanges too.

A major step forward would be setting up a block explorer, so we can see where any of the Premine is at any time. This would be a good place to start.

Things seem a little quiet.

What's the plan, then?

A few thoughtless dumpers have caused the price to reach some very low prices. A couple of thousand coins would be a considerable stake. If you're willing to buy in, then now is the perfect opportunity. The only reason I'm not doing so is that I already have a stake, and increasing it doesn't really benefit the coin.

An investment now would both secure you a very good stake, and also take less coins out of this current pump and dump circulation that's been occurring on poloniex. Someone in this thread even admitted to buying/selling to increase his stake. Poloniex's small volume isn't suited to rare coins at all.

On the plus side, it does mean people have a second chance to get in on PMC.

Glad to see Trolling is going strong. 

Well, you could redistribute the coins, sure. The dev would have to re-buy coins and then open up miner rewards. I'm not sure how many coins it's feasible to get this way, though.

There are coins set aside for development. I have about 2000 PMC left for those things. Premine already has an android wallet, and a paper wallet.

The other idea that's been floating around is to use PMC as a currency to buy into a new coin. PMC then gets forked at a certain point, to make PremiumCoin, which hsd a higher total number of coins so your share in PMC is a smaller stake in Premium coin. All you would have to do would be to copy over your PMC wallet to PremiumCoin. Any Premine bought or owned before the fork would work. So PMC could literally become a market-based IPO that would be fair.

It would also pump PMC's price a fair bit.

So to incorporate that into your idea, PremiumCoin would have 1,000,000 supply, 50% mineable, and the other 50% would be a buy-in using PMC.

All you do is come here and criticise. You never seem to have anything constructive to say.

PMC is not going to become a 50% premineed coin. Most, if not all of those are scams. Mazacoin? Yeah, dead.

Honestly, if you dislike PMC that much, why are you even here? If you don't like it, there are plenty of other altcoins.

http://blockchain.premineco.in/stats/

Hashrate on average has actually increased over the last few days.

So much for dead coin.  

The distribution is no better or worse than NXT or Bitcoin. Even Faircoin has arguably some bad apples who cheated the distribution phase. There's no such thing as fair distribution. But PMC has been one of the fairest.

Last month the trend was extremely small total number of coins. 1, 6, 8, whatever. That was a fad. 50% Premined country coins is just another fad. Pump and dumps. PMC is not a pump and dump coin, so it's in the boat as all the other alts. Just because it's not being pumped to the moon and dumped does not mean PMC is not a great coin.

It looks amazing.

Sounds feasible. I really like the idea of a multipool for PMC, though. It would be ideal.

I'll keep supporting miners for as long as I need to, and as long as I can. It's costing me a few PMC a day, but what the hell. At least I can say I'm doing my part.

The lack of forthcoming information certainly is, though. I don't understand why it's such a problem.

Or better yet, just buy them cheaply, stick them in your wallet, and you'll get 10% interest on your coins. 

Cash has a lot of great potential. Despite being severely undervalued it was a great idea. Ironically, in this instance it was the devs that abandoned it because it wasn't a get-rich-quick coin, not the community. In no way does that mean it isn't a damn good coin.

I'm happy with my couple of thousand coins sitting in my wallet.