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Np, this is all up for discussion so lay any questions on me you can think of within reason.
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One more, how many of them is going to be made in first batch?
This will depend on sales, and whether we can find enough trusted agents to distribute the hosted miners to outside of our team to avoid any centralization concerns. The users that take over the hosting (once we reach our self imposed limitations) will get a % of the coins generated to cover power and a bit for their troubles. And will be responsible for shipping the units to the users once the market is ready for them to be in the wild. This may change, but this is the current method we think best to maintain secure decentralized hashing across the network. If anyone has better suggestions please discuss here, we do not want to have the same situations appearing in LTC that BTC has had in the past. We will continuously host units, but we will have to set a time limitation since at some point the units will become out of date and need replacing with newer models. Out of date, not profitable etc.. is OK. It would be same if there are in my house. So as long as that is the option, it's fine. But please make that official, I don't want to make more orders than I could handle with customs, at my home etc. We will work it all out as we go, I have a giant stack of notes and digital notes, ideas and rules I need to combine into one giant diagram so everyone can see where this leads to down the road. This is only the beginning. |
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Hi, i just want to double confirm, there is no way to purchase this for fiat currency? I'm new to the scene (just started over 1 week ago) so just want to double check.
Thanks
MEPH
That is correct, I would recommend localbitcoins.com or litecoinlocal.org to get coins quickly. And absolutely do not accept anything but escrow and irreversible methods of payment such as crypto or cash/cash deposits. We want to promote crypto in general, if we accepted paypal (for example) as payment it would undermine the work fundamentally. |
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One more, how many of them is going to be made in first batch?
This will depend on sales, and whether we can find enough trusted agents to distribute the hosted miners to outside of our team to avoid any centralization concerns. The users that take over the hosting (once we reach our self imposed limitations) will get a % of the coins generated to cover power and a bit for their troubles. And will be responsible for shipping the units to the users once the market is ready for them to be in the wild. This may change, but this is the current method we think best to maintain secure decentralized hashing across the network. If anyone has better suggestions please discuss here, we do not want to have the same situations appearing in LTC that BTC has had in the past. We will continuously host units, but we will have to set a time limitation since at some point the units will become out of date and need replacing with newer models. |
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Once we have the site live yes, not just yet.
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These will work only with scrypt, right?
Are other scrypt variants compatible, like scrypt-jane?
Not in the first batch no, but we would be able to revise our design for gen 2 or later to handle a different variant. |
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Hypersire send me a and unthinkingbit a pm we may be able to put you to work.
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Will these work on any Scrypt chain?
Yes, unless they have made some larger modifications to the coin. |
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Exciting day, our proof of work just moved off the testnet. This was a brief test to get some more accurate numbers for the datasheet  Moving right along.... Taking it back offline to finish some tweaks. Last Share Time Difficulty PPS Rate Shares Rewards 2013-12-14 16:45 UTC 2926.50971494 0.000000250271 112 0.000028030352 LTC Hurray for progress. Ok, so PoW has been shown. What is your LTC address so I can put down for a unit or 10? Heh, we are not going to jump the gun yet. Lets finish it proper like before going to taking orders. |
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Exciting day, our proof of work just moved off the testnet. This was a brief test to get some more accurate numbers for the datasheet Moving right along.... Taking it back offline to finish some tweaks. Last Share Time Difficulty PPS Rate Shares Rewards 2013-12-14 16:45 UTC 2926.50971494 0.000000250271 112 0.000028030352 LTC Hurray for progress. |
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I think thats probably the most commonly used meme on here.
It's normally used sarcastically for some obvious scam, in your case we mean it  Crap, my card has expired  lmao |
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I think thats probably the most commonly used meme on here.
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Very interesting! I have my eyes on you...  And I feel your eyes on me, creepy..... |
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Is Devtome down at the moment? I'm getting this message "Error 508. Resource Limit Is Reached", looks like too much traffic! Hopefully it will be fixed soon...
We are getting intermittent attacks on the site, I am addressing them as they come in. |
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All PMs should be answered. Goin to take a break now  |
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I have an influx of request such as this, lets kick that can down the road to when we are ready to have these out in the wild. I agree you would be an optimal person to review one based on your contributions though.
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I think I got to everyone's PMs/emails/etc goin to sleep, just PM me or reply here and I will get back to you tomorrow.
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There is, but its not public yet, my developers decided to do a hacking marathon for the next couple of days to relax. So we are getting pushed to early next week, they deserve the "break" though, we have nearly 2000 man hours into the sites code.
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Although KNCminer delivered some pretty awesome machines, there were a lot of complaints about their hosting. Will you have a person whose only job is to keep an eye on them? Really not comfy not having it in my hands to babysit myself, but if it's the only choice I'll do it.
The users we choose to oversee them at the hosting locations will have a security, reputation and knowledge requirements. |
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It never hurts to be skeptical, please ask questions. I will update the threads with information as it comes along.
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