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Can you please do a recap of the final decision on algo, POW period and how you will achieve fair distribution?
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It is very interesting. If MIN was on Mintpal it would have been #3 based on the past 24 hour volume on Bittrex.
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I really don't know why people selling ZS in those ridiculous (under 9K), on monday we will get to Mintpal and the price will rise at least to 12-13K, people don't spectate this ?
And why Poloniex still didn't add ZS to the market ?
Polo is historical. Dont worry about that. Bittrex is an excellent exchange and all that ZS really needs. MP will add the volume but it remains to be seen how things will go in the open sea. |
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The dev has not given us any reason to doubt him. Without any evidence to the contrary the posts above are just FUDing.
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It was better seeing a 50Mhs rig at the top of the pool list than a 3GHs rig at the top of the list and then 900, 800, 700Mhs etc. like with other coins. Yes by now someone might have bought up 5% of the coins or more but that is not the point. It helped at least not have so many coins by end of POW in the hands of one or two or three persons.
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So what is the dev team working on atm? I've been holding this coin for over a month and the price kept climbing, but other than the excitement about mintpal I don't really hear anything about developments on this thread? Plz tell me whats in the works...  Free pony rides for everyone Come on irc tonight 10pm london time. There will be some good news  Good. Everyone is hungry for good news. Yeah I know, well tonight should make people feel better can someone order pizza. we gonna need lots and buying it all at the last minute - it may not get here on time.  Now you have made me hungry for pizza. |
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So what is the dev team working on atm? I've been holding this coin for over a month and the price kept climbing, but other than the excitement about mintpal I don't really hear anything about developments on this thread? Plz tell me whats in the works... Free pony rides for everyone Come on irc tonight 10pm london time. There will be some good news Good. Everyone is hungry for good news. |
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Volume is extreme high
Cryptsy Mintpal maybe enlist Min anytime , hold much as you can for the God Wave
I am aware that for mintpal the coin has to be voted to be listed in the exchange (other than the exchange discretion) what about cryptsy? does the listing is decided by the owner only? if so then we have a bigger chance to be listed in cryptsy than mintpal. They can ninja add a coin if they want to. |
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New website is fantastic! Yo everyone listen up I've got an announcement on the zimstake irc tomorrow at 10pm london time. So thats 10pm 2/7/14. It's well worth it guys. CryptoGir and SiriusCrypto know Im posting this and are as excited as I am. Hope you all will be buzzing when you hear the news too. Hope to see you all there in the irc chat tomorrow I will be there I have to say, Zimstake is truly starting to stand out as a potential mainstream crypto. IMO it will see a market cap of over 4x its current value in the near future. Based on? |
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What is the story with FCN? No activity on the exchanges. Should I dump?
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Minerals is being referred to in every 2nd thread in the altcoin section especially regarding fair distribution of new coins. Very good exposure.
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What is preventing the 90MHs Scrypt ASICs and large Scrypt farms to take all the coins?
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My goal is a long term project. I will be making a point to limit hype on the coin to realistic expectations. If we discover the cure for cancer believe me I will let everyone know, but short of that the price should be relatively low as the coin has no utility value at the moment and there is no permanent dev identified That is not how you build confidence. Shouldn't you get your objectives and the strategic plans in place before you launch a coin for the sake of launching it? "Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat" |
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tonight 100's of traders who never heard of JPC will now start researching JPC.
Has the market been added on MP? |
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I dont know why you guys are so eager to get voted onto mintpal. No voted coin has survived on mintpal. The best way to get to mintpal and ensure a stable price increase is through a ninja add (as a result of high trading volume)...so be careful what you wish for. This isn't fud, and anybody thats wants to attack me, so be it. BTW i hold some ZimStake myself and if we get voted on mintpal, i will be selling upon arrival.
In short, we want high volume and a ninja list...just my thoughts.
I agree. The worst thing that can happen is for ZS to go to MP as the next coin on the list. ZS was lucky not to get added today as it would have been just the next coin on the list. The necessary preparations need to be done by the dev team this week to make sure that ZS is not just the next coin on the list next week else MP might kill the coin. The dev team probably need to be more active this coming week with plans, features, PR etc. |
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ZS should be trading around 13-15k this coming week on Bittrex.
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I think,hashing power of each worker and/or IP should be limited to not more than 50 MH/s
sounds good + i would go with x15 algo .... The launch will be x13. We are finishing testing and will Launch July 5th at 20:00 GMT sure np will be mining anyway (and i don't wanna mess with a judge  ) what do you think about the hashrate limit on pools? If I can chip in - even if not done for this coin hash rate limitation is the way of the future imo. The idea is intriguing... any links to details on how it is done? Contact the Minerals dev. The biggest concern was the closed pool managed by the dev. If you can create a trust relationship with a big pool like Dedicated, then you can give them the source for the wallet and he can enforce the limitation. This way no-one can accuse you of any cheating. Since no-one else has the source code, no-one else can mine. The total net hash rate has to match the total hash rate of the pool. Also, if you can apply access control lists to your servers, you can limit the IPs to that of the pool, then you can make sure that no-one else can mine but the pool. You will have to rely heavily on the trust of the pool operator becuase he could of course misuse the source code but if you choose a trusted pool then you should be ok. Wasn't it the Dedicated owner who was in the MIN thread ripping the distribution method? Yes, that is exactly why he could be the host of the pool then he can make sure the dev does not do anything inappropriate and he can review the source. Both items that he was upset with. (and he can get some of the pool fees as a bonus  ) |
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Also just a thought, but if limiting the hashrate spreads among new coins, a captcha should be required to create a mining account on the hashrate-limiting pools, otherwise large farms will just automatize the creations of lots of accounts xD
At least it will make life difficult for a 800MHz farm or a 3GHz farm that I have seen around. But let Judgecrypto be the judge of what is fair in his eyes, depending on what Judge Coin stands for - on the one hand fairness and on the other allowing the hash raping of coins to continue. Ouch JC :p You make the raping of coins sound like the oppression of women ... lets have a difference of opinions... lets not get melodramatic. It is the best way to describe it because it is what it is. I will mine in anyways but will stop if the cost of mining goes up too much. |
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I think,hashing power of each worker and/or IP should be limited to not more than 50 MH/s
sounds good + i would go with x15 algo .... The launch will be x13. We are finishing testing and will Launch July 5th at 20:00 GMT sure np will be mining anyway (and i don't wanna mess with a judge ) what do you think about the hashrate limit on pools? If I can chip in - even if not done for this coin hash rate limitation is the way of the future imo. The idea is intriguing... any links to details on how it is done? Contact the Minerals dev. The biggest concern was the closed pool managed by the dev. If you can create a trust relationship with a big pool like Dedicated, then you can give them the source for the wallet and he can enforce the limitation. This way no-one can accuse you of any cheating. Since no-one else has the source code, no-one else can mine. The total net hash rate has to match the total hash rate of the pool. Also, if you can apply access control lists to your servers, you can limit the IPs to that of the pool, then you can make sure that no-one else can mine but the pool. You will have to rely heavily on the trust of the pool operator becuase he could of course misuse the source code but if you choose a trusted pool then you should be ok. First of all I really appreciate the varied opinions here. In crypto like other matters people will have their opinions. Here in crypto, I believe healthy debate drives innovation and flushes out vulnerabilities. I can see the upside to the minerals method. There may have been a time in which I would have favored it. In my time in crypto I have become somewhat of a cynic. The non release of the source code leave the vulnerability that the dev team can make their own private pool and rent hash rate to mine it. They could easily almost in real time adjust the rate applied so that the network hash increase total would look organic. There are so many ways that devs try to get coins up front. Another way is to make large blocks up front. Then they hire massive hash rate and pull a large amount of coins. I still stand by the fact that the best distribution method is the open market. There are lots of people who have limited mining resources or have given up on the mining arms race altogether. If a bunch of rigs rape the crap out of the coin so be it. What are they going to do with it? They are in it for a profit. They most likely will dump and dump hard. This will create a buying opportunity for those that cant mine. By being up front with the state of the coin I have in many ways prevented the "pumps" that go along with some of the newer coins. There is no announced feature and there is no perm dev. The price will be held in check and people will be able to buy effectively. Just my thoughts... other opinions are welcome here too As I said, you are the Judge of the coin, but after the massive dumps the price has tanked and the interest moves on to the next coin to hash rape and leave for dead. Once the value is in the dumps, it will need a miracle in features and usability to revive interest and get the coin healthy again. Mining in an open market also drives up the cost of mining considerably. But it is your coin and you know what you want to achieve with it. Time will tell if you gave the correct "verdict" and time will be the ultimate Judge. |
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