No bounties yet but I will let you know if I require your services in the future.

Genellikle toplam coin miktarı yüksek olunca, fiyat daha düşük olur. Mesela Dogecoin ve Bytecoin popüler olmalarına rağmen fiyatları baya düşük çünkü 100 milyar coin üstü çıkardı ikisi de ve fiyatları $0.0001-$0.000305 arası şu an. 42 coin diye bir kriptopara var sadece 42 coin çıkardı ve tanesi 10 BTC'den satılıyordu zirvesinde. Genellikle coin çıkarmak için harcadığı elektriğe göre borsaya fiyat koyuyor madenci; sonuçta harcadığı elektriğin üstünde bir fiyata satmazsa kar edemez. Yani fazla coin yada az coin farketmez; madencilikte kar marjı aynı gibidir.

Electra başta (ilk 40 gün) 42 coin gibi başlayıp sonra 24 saatliğine Dogecoin gibi olacak. Bu tür bir şey daha kriptopara aleminde yapılmadı bildiğim kadarıyla ondan fiyatlara ne olur bilemem. Ayrıca Electra'nın sorumlusu olarak fiyat tahmini yapmam da doğru olmaz. Borsa İstanbul'da firma sahiplerinin kendi şirketlerinin hisseleri hakkında fiyat tahmini yapması gibi birşey olur.

I am sorry you feel this way about Electra. I do have good intentions with this cyptocurrency and I guess only time will prove it.

I believe this guy may be attempting to try to discourage others to mine Electra so he can claim a larger portion of the Super Rewards Bonanza for himself. There will be many more like him. The status of the pre-mine can be easily tracked at anytime in Electra's block explorer.

"dump and leave with btc" is not part of my plans.

The pre-mine will be used for, but not limited to, projects that improve accessibility, reliability and usage of Electra. A summary of them can be found in the OP listed under "Objectives".


There are no bounties planned in the initial stage of Electra. I will consider bounties after POS begins.

No ICO is planned.

There will be wallets available for both Windows and Linux. The guide is only meant for Windows.

I prepared a mining guide for newcomers. It has some information omitted until launch day. You can find the guide here:

http://electraproject.weebly.com/getting-started.html

The guide is meant for Windows.

I have clearly stated this in the OP:

Current planned launch date is April 2 @ 10:00 a.m. GMT+1 (London time).

I can guarantee that the 1,000,000,019 ECA won't enter the market before the real reward. Putting the pre-mine on the market would be a very bad strategy on my part and would kill Electra before it even reaches the Super Rewards Bonanza stage. If you are skeptical you are free to wait and come to mine later when the real reward kicks in.


The pre-mine will be used for, but not limited to, projects that improve accessibility, reliability and usage of Electra. A summary of them can be found in the OP listed under "Objectives".

I believe that free hosting is best hosting. The website will never need to be renewed and always be available for the community to get information about Electra. I believe using a .weebly domain has no correlation with scamming. It is not my intent to scam the crypto community as you will see the day the source code is released on April 2.

I have come across many altcoins with very professional websites that have shut down. There are even some active altcoins listed on coinmarketcap that no longer maintain websites.

I disagree. The best time to invest is not necessarily today. If a company or cryptocurrency releases bad news today would you invest right when it is announced? I would personally at least wait a few days before I invest or not invest at all. A book I read called "A Random Walk Down Wall Street" does suggest there are long run upward trends in stock indexes so the investment there might grow if you leave it long enough but not sure if it is the same trend with other investment options.

I think criminal activity will not hurt USD in the long run. It may even strengthen it as it creates demand for the currency. If governments find a way to curb the use of their national currency in illegal activities, they will do it.

You make good points. I threw out 5% as an example. Maybe if it starts at a higher value like 100% a year and halves every four years until the network matures it may give miners a higher incentive to mine.

Hash rate DOES matter in this hypothetical altcoin but you only get the rewards from transaction fees in the blocks. In a new cryptocurrency these rewards would be minimal but in a mature high volume transaction system with full blocks there will be an incentive to use higher hash rates to mine those blocks. Bitcoin’s mining rewards will eventually solely be based on transaction fees. If miners are predicted to mine that, then surely they would mine a block that gives them transaction fees coupled with an interest rate just for trying.

Anyways, if, as you say, there is no way to track how long someone has been mining, then this kind of altcoin cannot exist at the moment. People who have no coins in their wallet would also probably not mine as %100 interest of 0 won’t give you anything.

Imagine a scenario where:

An altcoin is launched fairly as 100% POW, and after a set number of coins are mined, switches to a system where there is no block reward for POW mining. Instead, you get interest for mining for a certain period of time (e.g. 20 days). If you don’t mine, you don’t get the interest. This is similar to the concept in POS where you can stake for a period of time and get rewarded with an interest of say 5% a year.

In this POW mining with interest system, the probability of a block being found would still depend on hash rate. I imagine though that there would be less of an ASIC arms race since whoever mines a block would get only the transaction fees within it. There is less of an incentive to invest in ASICs. The interest (e.g. 5% a year) is gained by all people who are mining for a set period of time no matter the hash rate. The reason people would mine for a fixed interest rate is to protect themselves from inflation within the coin.

Due to the design of this system, people may attempt to discover ways to mine the coin by prioritizing low energy usage as it may be more profitable to cost effectively mine minimally for just the %5 interest than to maximize hash rates in order to mine subsidized blocks as well as get the 5% everyone else is getting. As people may focus on mining with low energy devices, the network hash rate may be lower and open it up to 51% attacks. But if a large portion of users mine in order to protect themselves from interest, then the attack would be a costly one.

Do you think a system where you can mine for a certain period of time and gain interest is possible to create?

Has anyone tried it?

In your opinion, what are the advantages and drawbacks?

Yes over the years Bitcoin has been an unbeatable investment. Imagine if the guy in 2009 who recieved 10000 BTC for selling 2 pizzas probably worth around $20 held on to the BTC. He would currently be worth  $10,470,000. If 10,000 BTC was valued at $20, then 1 BTC was valued at $0.002. The price of 1 BTC has increased from $0.002 in 2009 to $1047 today. That's 52349900% !!! Let me spell it: Fifty-two million three hundred and forty-nine thousand nine hundred percent.

I think it will hit $2K during the year but may fall back to $1.7K or so before the end of 2017.

If he does crash the economy, I agree that a lot of money will shift into commodities. I would add silver, platinum and other altcoins alongside Bitcoin and gold.