[ANN][$MUSIC] Musicoin Blockchain Upgrades to V3.0(“Quantitative Tightening 🎸

[ccminer.net]

Congrats on the successful hardfork, MUSIC!

Not yet. We're currently at block 1,121,047. The hardfork starts at block 1,200,000.

So about 2 more weeks to go!

what this hard fork is about?
what are the innovations?

You can find out more on our subreddit announcements.

https://www.reddit.com/r/musicoin/comments/6y45sw/upcoming_releases_for_month_of_sept_oct_2017/

Thank you!

I've read a bit about UBI and from a mining point of view it doesn't convince me 100%!
I hope this coin will keep this mining profitability in the next future, else a lot of miners will simply move mining a different coin, and we all know what it will lead to!

i havent been attentively following music lately but just out of interest, what made you think that mining profitability is not convincing?

i am considering if i should continue to mine it.

Well we will see after UBI activation how the price will react!
It doesn't convince me because they will cut like 20% from mining to give 15% to verified musicians and 5% to a dev funds.
As i said if the price will reac positivly and the profitability will keep these rates if not even increase, good! Else giving away 15% to verified musicians,  just because they are verified, it doesn't cover my electricity bills

[1715171883]

1715171883

[orchardcoins]

Congrats on the successful hardfork, MUSIC!

Not yet. We're currently at block 1,121,047. The hardfork starts at block 1,200,000.

So about 2 more weeks to go!

what this hard fork is about?
what are the innovations?

You can find out more on our subreddit announcements.

https://www.reddit.com/r/musicoin/comments/6y45sw/upcoming_releases_for_month_of_sept_oct_2017/

Thank you!

I've read a bit about UBI and from a mining point of view it doesn't convince me 100%!
I hope this coin will keep this mining profitability in the next future, else a lot of miners will simply move mining a different coin, and we all know what it will lead to!

i havent been attentively following music lately but just out of interest, what made you think that mining profitability is not convincing?

i am considering if i should continue to mine it.

Well we will see after UBI activation how the price will react!
It doesn't convince me because they will cut like 20% from mining to give 15% to verified musicians and 5% to a dev funds.
As i said if the price will reac positivly and the profitability will keep these rates if not even increase, good! Else giving away 15% to verified musicians,  just because they are verified, it doesn't cover my electricity bills

thank you. very informative. definitely these percentages can move the coins price both ways. if the musicians are worth 15%, the price may go up. now i just need to find someone who is interested in them to see any traction..

i'll just wait for ubi!

[Zarrukh]

so we hope the price of the coin goes up

[bubblepop]

The supply goes up so much every day that I cant help but see a dumpening to come

[ConvertThisFile]

The supply goes up so much every day that I cant help but see a dumpening to come

Over 6 million musicoins are traded daily on bittrex on average. Today that went up to about over 12.5million and counting.

With the ubi taking some coins out of miners hands I think price will only go up as people will be dumping less coins daily. A lot of people mine and sell the mined coins daily.

[tf2addict]

Is there a hard cap on the number of MUSIC coins?

MUSIC is top of the mining list right now, along with Zcash.  It's fun to mine a coin that actually increases in whole numbers rapidly instead of 0.00001 fractions

[Zarrukh]

Musicoin Version 2.0 (‘Heal the world’) — Q3 2017



The success of ‘Hello’ allows us to continue to move forward on our path; and with each passing day, brings us a step closer to Musicoin’s full potential. Because of our impressive early success, we now have the freedom to think outside the box in search of ideas that can revolutionize the music industry. If ‘Hello’ was a proof of concept, our next version, ‘Heal the world’ is much closer to our vision of the future. So far, we have validated our concept and witnessed growing adoption of the Musicoin platform while providing limited initial subsidy (sign-up bonus) to listeners to encourage and spread adoption.

However to radically increase the adoption of our platform by listeners (end-users) and thereby broaden Musicoin’s adoption and acceptance by the broader music community, we are introducing a groundbreaking new concept in cryptoeconomics, ‘Universal Basic Income’(UBI) for musicians. Once UBI is implemented, listeners will not have to pay for streaming music on the Musicoin platform. Instead, it will be completely free for listeners to stream content on the Musicoin network. The payment to artists for streaming content on the platform will come from a pool of funds reserved for this specific purpose. That pool will be funded by reserving a percentage of every block mined on the MUSIC blockchain.

Universal Basic Income as revenue for streaming content on the platform will guarantee a fair and steady source of revenue for musicians and make streaming content on the platform free for listeners. At the same time, it will separate creating and enjoying music on the platform from the market price of $MUSIC.

The goal of UBI is to boost consumption with system-wide subsidy for listeners thus stimulating the whole economy. Because end users don’t pay for playback, they can simply relax and enjoy the content on the platform. A portion of coin issued on the blockchain will be automatically reserved for future music consumption. Each stream of music (PPP) will still generate revenue for the artist (PPP) but this payment will be covered by miners instead of listeners.

Listeners who stream content for free on the platform will be able to use their $MUSIC to tip their favorite artists. This will provide a strong economic incentive to the artists to continue to generate high quality content and cultivate a loyal fan-base. The amount of $MUSIC spent on tipping will be entirely up to the end users.

To summarize, Every time an end user listens to a song, the system automatically pays the musician a predetermined amount of PPP, with funds reserved for UBI, without any cost to or intervention from the listener. Moreover, if the listener likes the content, and decides to tip the musician, they can do so with however many $MUSIC coins they want.

The implementation of UBI and a set of APIs will present a vast opportunity to developers to build value-added services on top of the MUSIC blockchain and increase its utility and value. It will make it free for every listener to enjoy music on every app and service that will be built on top of the MUSIC blockchain. This concept has never been attempted in thr traditional music industry, and we hope it will revolutionize the existing paradigms of content creation and distribution in the music industry.

[tbearhere]

Could someone plz put the pool list on OP? Thx

[orchardcoins]

Could someone plz put the pool list on OP? Thx

the first post isnt being maintained very well. its like we all have to click all the links there, spend hours scouring the sites just to find the small information we need.

anyway, here is a link for your reference.
https://minerpool.net/pools/musicoin/

[neelcomputers]

guys shift some traffic to http://mc.digitalpool.cc now

[pcmode]

If anyone wants to build a pool, please look into this publication. https://medium.com/@jaredgriego/install-musicoin-pool-using-open-ethereum-pool-by-sammy007-dbae910ed19e

[HodlOrava]

We have the Apple Mininig Monitor App available now for our pool, it is linked on the poolpage too:

http://music.minerpool.net

Every feedback is welcome.

What is the pay out threshold? If I mine with GTX1050 does it takes how many days to get coins to my wallet?

I chose your pool because you have a working example fot genoil's ethminer.
Windows CUDA
    ethminer.exe --farm-recheck 200 -U -S music.minerpool.net:8009 -SP 1 -O 0xd4f31ec6c958dc0409314510e49fff35c193e83c.rig1

PS
What Is the most efficient miner for GTX1050 or GTX1060?

1.-  Threshold 10 Music
2.- Less than a day.
3.- Try and compare (claymore, ethminer, etc...), see devfee

Thanks.

Claymore's miner reports 15.7 MH/s for my GTX1050Ti. MSI Afterburner: 80 % (Power limit), +122 (Core), +1000 (Memrory).

[igotfits]

We have the Apple Mininig Monitor App available now for our pool, it is linked on the poolpage too:

http://music.minerpool.net

Every feedback is welcome.

What is the pay out threshold? If I mine with GTX1050 does it takes how many days to get coins to my wallet?

I chose your pool because you have a working example fot genoil's ethminer.
Windows CUDA
    ethminer.exe --farm-recheck 200 -U -S music.minerpool.net:8009 -SP 1 -O 0xd4f31ec6c958dc0409314510e49fff35c193e83c.rig1

PS
What Is the most efficient miner for GTX1050 or GTX1060?

1.-  Threshold 10 Music
2.- Less than a day.
3.- Try and compare (claymore, ethminer, etc...), see devfee

Thanks.

Claymore's miner reports 15.7 MH/s for my GTX1050Ti. MSI Afterburner: 80 % (Power limit), +122 (Core), +1000 (Memrory).

who's your cards makers? im at %50 PL, core -200 and memory +750.
i would suggest reducing your core alot, it only burns power and doesnt yield enough performance to justify the heat. memory seems ok.

[harsh1587]

so will the hard fork produce another coin like bitcoin cash ? If yes then how to claim it ?

[jhannlenris]

Personally though, I believe that Musicoin is taking a path that will satisfy both the new artist and the old industry.

Musiconomi can make valuable services for everyone, but at this point it seems like their % are too skewed to really help many. It seems like that breakdown will just reinforce the old paradigm where no one gets much money, like Soundcloud, Spotify, etc. That's just my unprofessional take from it all, so far.

The other thing I think worth mentioning though, is that at this point, all other Music blockchain projects must be measured  against Musicoin. I think that is valuable in and of itself.

[peteycamey]

FIX THE GOD DAMN WALLET FOR FUCKS SAKE, WHAT THE FUCK IS WRONG WITH YOU MORON DEVELOPERS.

[pkefal]

FIX THE GOD DAMN WALLET FOR FUCKS SAKE, WHAT THE FUCK IS WRONG WITH YOU MORON DEVELOPERS.

Because this is exactly the way to ask for help or report bug and to get developers' attention 

[peteycamey]

read the 112 pages and see how many complaints there are about the wallet-synch.

[fk1]

unfortunately petey isnt polite but he is right

[funtek]

so will the hard fork produce another coin like bitcoin cash ? If yes then how to claim it ?

No, there won't be a risk of split chain.

FIX THE GOD DAMN WALLET FOR FUCKS SAKE, WHAT THE FUCK IS WRONG WITH YOU MORON DEVELOPERS.

If this is regarding wallet sync, you'll need to keep your wallet on for it to fully sync with new blocks. Check to make sure your firewall network doesn't restrict this. You are always welcome to join our slack channel and get help directly. The devs are always there to help.