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
This is an absolute must otherwise it'll be bot city. Does hash limiting also rule out the use of rentable hashing power as it will all come from the same IP? No, you can still rent but if the limit is 50MHs, then you will have to rent a rig smaller than that, max 43 MHs because sometimes the rig goes higher and if it trips the limit the worker is briefly temp banned. |
|
|
|
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. |
|
|
|
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. |
|
|
|
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. |
|
|
|
Can I link it to my Facebook and Twitter account?
I think they mean IRC by chat and not social media plugins. But it would be no more than a trollbox I'm afraid? its going to be a simple IRC chat for now Hi, just want to ask you about betting beta, there is any ETA? Thanks in advance. We need probably 2-3 more days until betting is ready for public testing. Had to redo part of the code Take your time. There is no rush. Deliver a superb product. |
|
|
|
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...  I would like to know this as well, hope the dev will comment here soon. It is CG's style to comment at the right time, so be patient for his comments and I am sure it will wow. Maybe today, maybe tomorrow maybe next week, but it will come. |
|
|
|
So what does this mean?
What does what mean? The previous post? It means he wants to buy MIN but buys are more than sells and there are not many MIN being sold which means he will struggle to buy MIN at the lower prices. |
|
|
|
I think,hashing power of each worker and/or IP should be limited to not more than 50 MH/s
Agreed. Per account. |
|
|
|
mintpal is the worst thing that could happen to MIN right now
Agreed. |
|
|
|
|
Why don't you do a POW phase where the hash rate is limited per account? This way you will cut out the large FPGA farms and have a much fairer distribution. It is your chance to innovate an acceptable way of fair launch. You can look at what Minerals did which seems to have worked out ok in the end. Alternatively if you can strike a trust deal with a big pool like Dedicated to run it for you then at least you achieve segregation of duties between dev and hash rate limiting POW pool. You can also get a respectable 3rd party to review the source code. You have to note however that if the pool breaks the trust, the whole launch will be a failure.
It is as everyone is saying, the large farms will hash rape and dump as soon as an exchange is up. Less coins owned by more miners including small miners will reduce the risk of large scale dumping.
|
|
|
|
what do you guys think about having the dev ask all exchanges to halt trading until we find some news from c-cex?
It would cause more harm than good to stop trading. What about all the other tpes of coins on C-CEX? Must they also halt? There is nothing wrong with MIN itself. Whatever happens on the market, it will recover if the MIN plans are solid. A mega dump would cause many bags to be filled cheap which would be good news for those investors that buy. |
|
|
|
If the coins were stolen will be a mega dump, I hope not, believe in this coin
Hackers are not stupid. They want maximum profit so IF the coins were stolen they will not do a mega dump, but sell off little by little so as to not spook the market. The Gox stolen Bitcoins were not mega dumped because I am sure the BTC market would have noticed a dump of a few hundred thousands BTC. They are probably being sold off little by little. In general there would be a bigger risk of a dev of some coin dumping premine than a hacker dumping a stolen wallet. A stolen wallet would mean a longer term income for the hacker. Again this is all just speculation. |
|
|
|
if c-cex pulls a gox i'm pretty much done with minerals  all of my mined stash and extra that I dumped some BTC into was on c-cex. it's pretty sad but based on the build up of sell orders on bittrex. i think they stole the coins and are dumping them on the market. so the thieves are going to get rich it seems. lol! you guys only need to do is sit back, and wait for c-cex to get online again. maybe there is a problem to their site but give em a time to resolve the issue before accusing them. and YES "Its not the fault of Minerals you left your coins on a exchange... its your own fault..." as much as possible do not leave your coins in the market. umm im not that stupid to leave coins on c-cex. every time i bought i bailed immediately. i knew their site was insecure just by the structure and history of being robbed. note my previous warning to all using c-cex on this thread. Many people moved from C-CEX to Bittrex and Polo. There might not have been that many left on C-CEX and the 100BTC quoted might have been an over exaggeration. It is not necessarily an issue in the bigger scheme of things because plans for MIN is going ahead and the coin is going to be a big hit. Whether coins were stolen or not, the coins will be taken up by investors who want to profit from the great plans MIN has. It will however be a personal tragic issue for the people that had whichever type coins there, IF anything happened to the coins. Personally I had nothing left there. If people are still receiving stake it means that the coins are still in the C-CEX wallet and the allocation software is working. If coins were stolen and transferred to another wallet staking would stop. It would be a real dumb ass move if an exchange commits suicide by taking coins. Lets wait for official feedback. Perhaps people can post here if they are still receiving stake on their coins at C-CEX. |
|
|
|
if c-cex pulls a gox i'm pretty much done with minerals all of my mined stash and extra that I dumped some BTC into was on c-cex. Its not the fault of Minerals you left your coins on a exchange... its your own fault... Minerals as a coin itself has nothing too do with c-cex...  there were 100btc worth of min on that exchange. if the owner took them i dont think u can say it has nothing to do with min. the sell book looks nothing like this community has been working towards. there's now a tonne of supply just up to 3k. u expect me to buy that its not them selling? 7 btc to 2.7k? ur exchange is down for 12 hrs and not even a single tweet? what have they been sleeping? no updates on any forum? Wait for official news before spreading your FUD. |
|
|
|
if c-cex pulls a gox i'm pretty much done with minerals all of my mined stash and extra that I dumped some BTC into was on c-cex. it's pretty sad but based on the build up of sell orders on bittrex. i think they stole the coins and are dumping them on the market. so the thieves are going to get rich it seems. It is not to say this is what happened. Speculating is causing FUD. |
|
|
|
|
At least put the premine in escrow and have the block chain analysed and reconciled before the launch.
|
|
|
|
|
What are you planning to do to prevent hash rape by large farms and large pools and the subsequent imminent dump by those parties as it hits the exchanges? Let me re-phrase - what are you doing so that the small miner with 5-10MHs can get some coins and that 80% of the coins are not owned by 0.5% of the miners?
|
|
|
|
Which one is the most popular channel? The top left one? |
|
|
|
solo Configuration for this coin?
Sounds like a question for our head dev - dev@payprocoin.comHere you go: Make sure your PC with the wallet and your miners are on the same IP address range and that you can ping your miners. I made 2 files back at launch so I dont know which one it uses - payprocoin.conf and paypro.conf. Make the file and put in the same directory where your walle.dat is. Dont worry about nodes, they are hardcoded in the wallet. Inside the file put the following lines: daemon=1 server=1 listen=1 maxconnections=100 rpcallowip=local rpcallowip=127.0.0.1 rpcallowip=your_miners_IP_address *make a line like this for each miner with its IP address* rpcuser=choose_a_user_name rpcpassword=choose_a_password rpcport=choose_a_port_unused_on_the_pc_with_the_wallet *pick something high like 9988* On your miner put IP_of_PC_with_wallet:port_number_you_chose_in_conf_file and use the UID and PWD you chose in the conf file This will kickstart the solo process. However, cost of mining this coin is around 250-450 sats at current difficulty of 921944. It is cheaper to buy on the market if you can get a bite under this price. |
|
|
|
|
Has the premine been placed in escrow yet? This would be proof that dev wont dump?
|
|
|
|
|
Show Posts
