[PRE-ANN] [RELC] RelCoin - In-app token for RELNUZ - development underway!

[SDHarley]

Sounds good. Anticipation builds...

[vi1son]

Hm, sounds good. Keep eyes on you.

[bathrobehero]

What type the PoW algo will be? ASIC, GPU friendly, CPU-only or something new?

Thanks and good luck!

PoW algorithm will be scrypt.

Bummers.

[kahir]

when we should expect launch april-may ?

[notsofast]

What type the PoW algo will be? ASIC, GPU friendly, CPU-only or something new?

Thanks and good luck!

PoW algorithm will be scrypt.

Bummers.

Sorry. We want long-term PoW support with a stable, known ASIC environment that isn't SHA256.

when we should expect launch april-may ?

Definitely within the next two weeks, but I'm waiting on a bugtesting confirmation before I know exactly when.

[Paultango]

I thought the launching of this coin was first week of april but its okay as long as your serious about this.
Goodluck im following.

[cryptohunter]

bad algo choice cuts most miners out and narrows distribution

not a very high % have scrypt asics where as everyone has a gpu.

sure you can mine against asics but you will be destroyed.

[prospecta]

Stop bitching, scrypt is awesome and old school and fucking cool.

I've never owned a scrypt ASIC in my life but I've sure raped some scrypt coins so don't be down guys. 

[notsofast]

I thought the launching of this coin was first week of april but its okay as long as your serious about this.
Goodluck im following.

As I've repeated, there is no set launch date until we begin the 24-hour countdown clock. We're operating on making this work properly, first and foremost. So the estimates on when we'll launch get revised when there's something else to fix or test. I'd prefer honouring tight deadlines too! But I'm realizing that in the world of software development, things work a little differently.

bad algo choice cuts most miners out and narrows distribution

not a very high % have scrypt asics where as everyone has a gpu.

sure you can mine against asics but you will be destroyed.

It is actually the best algo choice for what we are looking to accomplish, but your feedback is noted. The PoW algo will not be changing-- you can always rent scrypt if you don't want to turn on some GPUs. Distribution is also achieved via exchange, not just mining, and I believe the work we're doing will be sufficient to generate a wide distribution via speculative trading action. To say nothing of the distribution plans we have for future phases of feature rollout.

Stop bitching, scrypt is awesome and old school and fucking cool.

I've never owned a scrypt ASIC in my life but I've sure raped some scrypt coins so don't be down guys. 

We picked scrypt precisely because it has a known ASIC support base, but not so much that nethash could get subjected to extreme spikes as with SHA256. We want to encourage a relatively high hashrate during PoW, with multipool support so we sacrifice some hashrate stability for a dynamic mining environment. GPU algos are very cross-competitive and I don't want all the miner support leaving for the new hot coinz during our long "post-hype cooldown" phase.

[SDHarley]

This sounds reasonable to me. Personally, having just lost a load of Doge since Cryptsy when tits-up, I just want to mine a coin from the outset and then sit on it and/or use it as the community intends or dictates. RELC seems to match that, so my timing is pretty good (for once)

[red5standingby]

Time to start loading up the nicehash account

[AltcoinSteps]

Time to start loading up the nicehash account

Mine is ready 

[prospecta]

The difficulty is going to go stratospheric so quickly after launch on this coin, space your rentals out guys.

[notsofast]

Apologies but we're going to delay the RELC launch somewhat, again. This was a premeditated decision.

We had planned to launch RELC in the first half of April but have decided to push it back at least another two weeks: the Relnuz beta app should be hitting Google Play and the Apple App Store in the next two weeks, and I didn't feel I could properly support both software launches at the same time.

Once the Relnuz app is confirmed working properly in both stores, with no emergency fixes, we'll begin some promo and focus group testing with that, which frees me up (because I'm not the one doing it!) to finalize the RELC launch and be at attention to make sure it goes smoothly.

If you've been waiting, thank you for your patience, and feel free to play around with the beta Relnuz app while you wait for the launch of the Relcoin cryptocurrency which it backs.

[PvPpro]

What? No ICO? How dare you..

The RelNuz team discussed an ICO just for the sake of considering all our options.

Besides all the obvious extra FUD and time spent dealing with pissed-off investors, we realized we'd do better bootstrapping the project on our own.

We'll definitely get into a cash crunch later, especially if app usage during the beta takes off and our server funding isn't enough. But we figured we'd cross that bridge when we come to it.

So yeah, no ICO. I don't want your BTC or your money. I hope you're OK with that.

good luck dude, i will be watching

[SDHarley]

Apologies but we're going to delay the RELC launch somewhat, again. This was a premeditated decision.

We had planned to launch RELC in the first half of April but have decided to push it back at least another two weeks: the Relnuz beta app should be hitting Google Play and the Apple App Store in the next two weeks, and I didn't feel I could properly support both software launches at the same time.

Once the Relnuz app is confirmed working properly in both stores, with no emergency fixes, we'll begin some promo and focus group testing with that, which frees me up (because I'm not the one doing it!) to finalize the RELC launch and be at attention to make sure it goes smoothly.

If you've been waiting, thank you for your patience, and feel free to play around with the beta Relnuz app while you wait for the launch of the Relcoin cryptocurrency which it backs.

Not too disappointed to read this since my miner has shit itself in the past couple of days and I've gotta figure out what the issue is before I can start mining again So the delay is welcome (for me anyway).

[ImnotOctopus]

Im patiently waiting notsofast, just take your time making your coin more successive.

[notsofast]

Apologies but we're going to delay the RELC launch somewhat, again. This was a premeditated decision.

We had planned to launch RELC in the first half of April but have decided to push it back at least another two weeks: the Relnuz beta app should be hitting Google Play and the Apple App Store in the next two weeks, and I didn't feel I could properly support both software launches at the same time.

Once the Relnuz app is confirmed working properly in both stores, with no emergency fixes, we'll begin some promo and focus group testing with that, which frees me up (because I'm not the one doing it!) to finalize the RELC launch and be at attention to make sure it goes smoothly.

If you've been waiting, thank you for your patience, and feel free to play around with the beta Relnuz app while you wait for the launch of the Relcoin cryptocurrency which it backs.

Not too disappointed to read this since my miner has shit itself in the past couple of days and I've gotta figure out what the issue is before I can start mining again So the delay is welcome (for me anyway).

Im patiently waiting notsofast, just take your time making your coin more successive.

Thanks guys. I really appreciate your patience and I'm working hard to make it worth the wait.

[bkeenan]

Got a whole little farm waiting

[bitoc2015]

Scrypt algo is bad choice