Thanks, with the coins destroyed, the added scarcity should be good for the price.

Can we ask coinmarketcap to update the datas for Microcoin 2 ?
I think it could help to raise awareness.

Hi all,

I created this burn address : mMicroCoin2xxxxxxxxxxxxxxxxxZvyPWJ

Taking the same "format" as Counterparty and Dogeparty (1CounterpartyXXXXXXXXXXXXXXXUWLpVr or  DDogepartyxxxxxxxxxxxxxxxxxxw1dfzr ) and using this python script :
https://gist.github.com/CoinWhisperer/6d673f1f3d13da1611cd

(don't forget to add base58.py in the same folder if you want to run the script for verification. You can find it here : https://pypi.python.org/pypi/base58/0.2.1 )

So as you can see it is a valid burn address and we can all agree it is impossible to find the private key for this address.
You can burn few Microcoins by sending to this address and verify the transaction to be sure it works before sending the 12 bilions to be destroyed.

I think we need to agree on the method of destruction, you can generate another address if you don't like this one, it is very important to restore the trust in this coin and that we can all verify the coins were effectively destroyed.

Ideas and criticism welcome.

Ok, I will do that, thanks.

Thanks for the reply and the hard work halibit 

I successfully transferred my coins, convert to MRC2 and sent back to my new wallet.
I can confirm it works.
If a code update for the fees is planed then I'll wait for converting the rest of my coins.

Thanks for not giving up on microCoin  !

I have few questions though :

1) Why do we have to pay fees when exchanging on Alcurex ?
The rate should be 1:1 flat
I understand Alcurex is providing a service here, but should also take responsibility for what happened on this coin.

2) If after 1 month, not all the old coins are exchanged, what will happen to the remaining new coins ?
Who they belong to ?
Personally I would like them to be destroyed, I think it would be fair.

We wait.
Personally I mine this coin to help the network, I still think this coin is good and can have a future.
I can mine and watch HD videos at the same time, my computer remains cool and don't hang.
We need a pool, last week the hashrate shot to 3.9 , but i think many quit because solomining was quite hard.
With more miners, little by little, people will realize this coin is interesting.
I'll keep mining for fun.

My card run 5% to 20% cooler compares to other algorithms !
It's a great fun to solo-mine a coin that have no market value, the hashrate was multiplied by 7 lately, we will soon need a pool.
Overall it's a great coin for new miners to experiment with, away from pumps and dumps, not a bad coin, not the best either, just an honest coin lost in a sea of thousands.
Unique algo, asic unfriendly, let your GPU run cooler and use less energy, fair launch from what I read, distribution model and scarcity comparable to Bitcoin and Litecoin, it's a mystery why Twecoin stayed under the radar and disappeared before getting a chance.
It is the most energy efficient PoW coin to date.