Found a new, user friendly name.

Rivercoin

Packets and requests are within the main river and the water is then split up into smaller streams and canals and such to distribute water to other places. The name isn't even taken either : )

So you just blindly started mining this coin and didn't read the announcement itself?

we will give away a dozen of free "24h mining contracts" before launch.
just post in this thread. we will pick up a winner everyday at 00:00 UTC.

relaunch it fair

I/O Coin (Input/Output Coin) Will be releasing towards the end of the week

I/O Coin is a Hybrid POW/POS coin, aiming to simplify the Cryptocurrency experience as well creating a better and more engaging end user experience, through better UI design, and utilization of the Blockchain technology.

We are planning on releasing roughly 16 million coins during our Proof-of-Work phase, with an upper limit of around 22 million coins for PoS (which should take a very long time to reach.)

The PoW phase will last roughly 12,000 blocks, and will be running in Hybrid mode for added security on the blockchain (you will be able to stake your coins right after you mine them even during PoW phase.)

Name: I/O Coin
Symbol: I/O
PoW Coin Supply: 16 million
Algorhithm: X11 POW/POW (Hybrid PoS for PoW phase.)
Start Date: 07/22/2014 (Tuesday)


Edit:

The original listed time for release had stated "Friday 07/18/2014" but that is incorrect, and the release will happen on Tuesday the 22nd.

We will start I/O Coin Friday, it will be hybrid POW/POS and have 22 million total coins.

When is the ANN supposed to be coming?

Hello,
Sorry but even the announcement of the coin is written ungrammatically, which is not very good.
OP please correct your grammatical mistakes! It is shame to have such mistakes into announcement of a new coin. No offense..
BR
Gondel

You might need to unlock your wallet

I could be wrong, but what I can see from the order book that there is no buy support whatsoever but the miners/devs are still dumping. This indicates that really unwise and short sighted ppl around this coin. I am not sure where the devs from are they from China, Phillipines, Albania? I guess they make few hundreds/thousands $ by dumping for 2k and it is enough for a whole village for a year so they are happy, but actually they could make 10 times as much by waiting a bit. Up to them, it is their coin.

actually there is, i made plenty of btc here just using my rig, not even a big farm, and just waiting for the right coin to instamine

They are very slow, but they can be ok if you get them for fair price, which is really hard. Paying more than 1$ for a USB miner is waste of money. Note that you will need at least 100 of them to get some BTC out of it.

I'v never heard of that

I knew solar collectors where expensive, but not that expensive!

that's brutal

and that was last year
now it's even harder to gain profit

we should seriously make a foundation that will build huge wind colectors for electricity, sell shares and put a  hell lot of miners there

while paying electricity..

nothing is worth it now :/