Yes the fork would always needed to be well planed, coordinated and executed with caution.

• The regulatory hurdles for the exchange were actually none. We have sent official inquiry to the central bank, tax office and the financial administration. The answers from them were all the same. They don't really have any regulations regarding this. The main restriction Icelandic people have is that we have currency restrictions so we do not get an exception to those restriction to purchase foreign currency for the sole purpose to buy cryptocurrency. We also have a return policy on foreign currency. If we acquire some foreign currency we are bound to trade it back to isk within a time limit. So there are only two ways for Icelandic people to get crypto currency legally. First is to mine it and the second is to buy it with isk. That is why Auroracoin and this airdrop was important here.
  
  No institution here has formed any regulation regarding cryptocurrency, they are just waiting for EU to form some regulations and most likely will implement them partially or fully when they arrive. Since there are no regulations for it they defined it not as a currency but as a property. So it is treated and taxed as such. For this reason we do not have any problems with setting up the exchange here. It would be just the same as setting up a trading site for stamps.
  
  There are a couple of dangers. First is that the banks would see this as a threat and would refuse to keep an bank account for the exchange and second is that the government would see auroracoin to be a treat to stability and would try to stop it by closing the exchange/s with regulations or that the government implements the same regulations as EU and those regulations would bring some limitations.
  
  
• Regarding Balduro and the premine. I have no reason at all to believe that he would not destroy the airdrop when the distribution period comes to an end. Beside the changes of the second phase airdrop he has not proved to be dishonest regarding the premine.
  
  
• I myself was one of those left uneasy after the last airdrop. I think the change was a mistake in many ways but I do understand what he was trying to do. He was trying to give the amount distributed to each individual enough value (the market rate at the time) to make it tempting for people to fetch the second batch. The second thing that was changed there is that he took 1milion aur and gave it to the Icelandic Cryptocurrency Society (ICS) group for bounties and development of the coin. Both of these were a mistake in my opinion. To increase the airdrop portion tenfold was a bit of a kick in the face for the miners and all long term supporters as this greatly devalued the coin at the time. Then I think that taking a million of the premine and to put it up for development etc. has a lot of dangers in it. I know that this million is in safe hands though so I do not worry about it myself at the time but eventually the ICS will have to decide what to do with this million. This is a ground for all kind of debate and I would love to hear some of it here.

All help is appreciated and thanks for offering the auroracoin.eu domain if we cant get the .org one. Now we are just coming out with our plans. They are not fully complete nor do we have all the resources we need to do this alone. This is a community project and I would love to see more of the community stand up and work together on this. As this is not about money as so many seem to think, it is about our freedom. Sounds cheesy but that is my opinion on what cryptocurrency is really about.

I hope this answers your questions but I'm sure I have raised a few others

Maybe not the best explanation but I'm not the expert on this matter myself but as I understand it transactions fees would not change. The AuxPoW works on two separate blockchains and its just about the miners on the parent chain being able to generate blocks for the secondary chain while hashing to solve blocks for the parent chain. Other than that things stay the same.

I agree with that. I think no matter how much effort is put into making a crypto asic-resistant as I really don't believe there is really a good way to make it asic-proof, only way's to delay the inevitable.

The whole idea of Auroracoin is not to develop or enhance a technology but to get cryptocurrency accepted and used by the public. So this is why we think it's just best to piggyback an established technology like you said and focus on public acceptance and adoption.

There were a lot of buying and selling stuff in the beginning but this was mostly done through social media and no real way to realise the currency's value. That is why the exchange is so important. If merchants have the ability to convert aur into isk they would be more willing to accept aur as payment.

I understand your idea on that but I think that is very unlikely to happen. Crypto mining will always be borderless so there is no controlling who is mining and from where. So as long as there are exchanges offering Auroracoin paired with anything else than isk there will be miners from around the world mining and trading it. But on the bright side the largest mining farms for sha256 and scrypt are increasingly looking towards Iceland to set up their mining farms. For instance around 20% of bitcoin is mined in Iceland today and our hosting companies can't build the facilities for mining fast enough as the demand is so high.

If anyone would have some ideas on how mining could be done mainly by the Icelandic public without costing the network security we would of course be more than happy to listen and consider those ideas.

Yes that is my own opinion and it's good to get some feedback from you guys regarding this. If someone disagrees on that it would be great to hear why.

This project is not dead.

I've been forming a group here lately to continue the development of the Auroracoin project. We are not many and have been doing this in our off time. What we want to do here is to kickstart this project again and hope we can attract more people from the community to join us and help make this project a success.

For those of you who are wondering why Auroracoin came to a halt in Iceland, the answer is very simple. We didn't have an exchange with isk  ~ aur pairs. We can't expect any cryptocurrency to be successful without the early adopters having the ability to exchange the currency to and from a fiat currency. This is what happened here.

This however is being worked on. Separate from the Auroracoin development group I and a couple of others have formed a company and have prepared all the legal and banking background needed and are working on launching an exchange site for isk ~ aur trading pair. We believe that this is the milestone needed to get auroracoin rolling in Iceland.

A member of our (not officially formed) Auroracoin development group has been working on this project from the beginning and is one of the few if not the only person that Balduro is in communication with. He is not associated with Balduro in any way but since he dedicated a lot of time on this project from the beginning he has had a communication line with Balduro. This member has told us that Balduro has promised that we would get control of the auroracoin.org domain, so we will soon start to work on a new official website.

Regarding our direction with the development of the coin. We don't have any interest in any feature orgy like so many alt coins are doing these days. We want mainly to focus our efforts on adoption. What we have done is we have forked Bitcoin and lightly modified it to be the source for Auroracoin. We believe that this way we don't have to focus all our time on the coin code development but be able to focus it on getting people here to know the coin and teach them to use it.

We have however not fully decided what direction we should take regarding the mining algo. This has been discussed back and forth. What I hope to see here is some discussion and opinions from the community. As we see it there are just two options to think about. Use an algo that is asic resistant and thus give the individual a chance to do some mining at home. This however is often an illusion as most of the asic resistant algo's are largely mined my gpu mining farms thus beating the point. Of course there might be other algo's out there that are gpu resistant but how reliable are they? The other option is to either go with SHA-256 or continue with scrypt and be mined mainly be the large mining farms. This option in many ways is good as it has much more potential to secure the network so we have been leaning towards this. This would also give us a good opportunity to be merge mined with some of the larger coins which would be a brilliant way to secure the network. It would be great to get some opinions and ideas from you guys regarding this matter.

Well I think this is enough for now. I just wanted to let you all know that this is being worked on and that all of you are invited to take part in this great project. I'm sure there will be a lot of questions and I will try my best to answer them.

What about Electrum.

Would it be possible to adapt the miniblockchain to the Electrum server/client structure?

Thanks e.nexus, I will give it a try.

I would advice you from the sempron and the AM3 structure. Contrary to what many people think, the cpu does matter. I have read countless posts of people having hashing problems with various coins which ended up being because they were using a sempron. I would advice you go get a intel mobo and use a G3220 or something similar. I have had very good experience with the H81-pro-btc mobo's. Have 12 of them running now without any problems, except the one I fried the first time I tried to use 2 psu for one rig

If you want to set up the 2 psu rig its nothing you need to worry about if you use usb risers, power the mobo + 1 or 2 gpu's (both riser and 6/8 pin cable) with one psu and you use the second psu solely to power the rest of the cards (both to power the riser and the 6/8 pin). The main factor here is that the usb risers only transmit data through the pci-e slot so you don't have the change of some current feedback to the mobo like you can get with the other risers.

Been trying 512 diff but its still not up to full potential. Any ideas?

First your 600w psu will not be able to handle the 550 -580w load. Most psu's don't deliver more than 80% of the given wattage for long term. So the common rule is to not exeed 80% of the psu capability. Of course you can have some good gold or platinum psu's that can hold up to 90% of the given capability but usually they cost top $.

If you want to run a second psu on your rig you need to make sure that the gpu is not connected to the pci-e slot on the mobo. That would make it draw power from two sources and is just a ticket to a fried something. You can do this if you use either non powered risers or best imo to use usb risers.

Hope this helps.

edit: sorry I meant to say powered risers with the feedback cut instead of non powered risers

Good job!
I will see if I can't throw one up somewhere. Thanks for the efforts.

Yeah I figured that one out (RTFM case). Started with 2048 and it lowered even more. Trying 1024 now but its still quite low at the pool. Going to try 512 now to see if it does anything.

Yeah. Looks like they are way out of sync.

Something odd going on with the XCN pool. I was mining with 1GH and normally got stable around 160MH/s. I wanted to use your pool to try to distribute the hash for XCN. The difficulty of my workers is fluctuating a lot so I'm getting a bit less hash reported in my miners but way lower on the pool side. When I get 30-31MH/s reported by my miner I get 23-24MH/s reported on the pool side.

What might be the reason for this?

I think it's a problem for the coin that the majority of the hashing power is pointed at the 1GH pool. Don't get me wrong, I like the pool and have nothing to complain about regarding 1GH, but I think we should make an effort to divide the hashing into more pools. I'm directing 160 MH/s to the block factory mining pool and I hope some of you are willing to do the same. At least try it for some time, might just be the nudge that is needed

The new 344.11 drivers gave me about 2.5% increase mining M7

Does anyone know of a way to trigger a Windows restart in the event of a Nvidia driver crash?

Edit: Think I figured it out. Set up a system task with a custom trigger that triggers when event id's 13,14 or 4101 occur (What I found in the event log). Will see how it goes

Thanks again djm for your efforts  .
Sent you 4000 XCN as appreciation for your work.