[ANN] Elacoin | Released | Fair Elastic Scrypt Mining | No Premine

[mat5x]

More of the same, it seems:

Code:

06/16/13 22:06:27 REORGANIZE: Disconnect 168 blocks; aa0c7d4a4175c0a7e60f..d46843aec3fa51f1d936
06/16/13 22:06:27 REORGANIZE: Connect 169 blocks; aa0c7d4a4175c0a7e60f..753aef9f7df2242cc154

( well if people dont mine, what can we do.  at least THEY'RE mining, tho they're not processing transactions either :/

privmsg'd you , like your feedback.

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[barwizi]

I think we need to really sit down and work on this, the algo is still nbot matching up with current market trends.

[webr3]

Dead coin?

[markm]

Sounds like merged mining would be a good idea.

That way you can go ahead and mine litecoin or whatever but still also be applying that same hashing power to this coin.

Your supporters thus won't have to choose between mining for profit and mining to support this coin, they can mine whatever scrypt coin they like for profit but also merge in this coin to support this coin.

-MarkM-

[collapse]

Sounds like merged mining would be a good idea.

That way you can go ahead and mine litecoin or whatever but still also be applying that same hashing power to this coin.

Your supporters thus won't have to choose between mining for profit and mining to support this coin, they can mine whatever scrypt coin they like for profit but also merge in this coin to support this coin.

-MarkM-

A big buy of 20BTC, at the time of your post, made it profitable,..., ~350% over Bitcoin.
I think,  this coin it's monopolized by one guy, not too much fair. Blocks are released with delay to the network.

elacoinpool.com  without valid block since 2013-06-09...

[mat5x]

Sounds like merged mining would be a good idea.

That way you can go ahead and mine litecoin or whatever but still also be applying that same hashing power to this coin.

Your supporters thus won't have to choose between mining for profit and mining to support this coin, they can mine whatever scrypt coin they like for profit but also merge in this coin to support this coin.

-MarkM-

merged mining devalues the coin to 0.

if it has a purpose other than value, then that's great. this is why merging BTC and NMC is great: it keeps the NMC service alive.

ELC has no internal function other than value store, so merge mining it with LTC does nothing but devalue it.

no point. not a good idea.

coin isnt dead, seems to still be trading. work is being done on it.

[markm]

Sounds like merged mining would be a good idea.

That way you can go ahead and mine litecoin or whatever but still also be applying that same hashing power to this coin.

Your supporters thus won't have to choose between mining for profit and mining to support this coin, they can mine whatever scrypt coin they like for profit but also merge in this coin to support this coin.

-MarkM-

merged mining devalues the coin to 0.

if it has a purpose other than value, then that's great. this is why merging BTC and NMC is great: it keeps the NMC service alive.

ELC has no internal function other than value store, so merge mining it with LTC does nothing but devalue it.

no point. not a good idea.

coin isnt dead, seems to still be trading. work is being done on it.

That is ridiculous, if the purpose is to store value then creating yet another insecure crapcoin/scamcoin is totally antithetical to the purpose.

What we tend to actually see in practice is that the purpose is to scam people out of value, which value is then stored in bitcoins, litecoins, fiat, or pretty much anything other than the scamcoin itself.

-MarkM-

[barwizi]

can i fork t now?

[barwizi]

Bump for elacoin

finally you are back, i think we need to fork the coin.

[JoschK]

Bump for elacoin

Hmmm.... what going on with elacoin? I've a transaction sticked at 1 confirmation   since three days ?
Perhaps somebody here knows something...
Regards
JK

[Bitcoin.Greece]

Is this still alive ?

[JoschK]

Is this still alive ?

...doesn't really look like. Can't find a sign of elacoin-life anywhere.
But it is still traded on exchanges. That should be changed...

[X68N]

damn this is horrible, i withdrawed my elc from cryptsy to my wallet and now i can't use them becuase the blockchain got stuck.
I already tested all things mentioned here and downloaded 3 versions which posted before here.
I deleted the Appdata folder and so on. Got stuck on one Version at 54 days, 34 days (and the one time at 2 days).
So has anybody a working copy of Elacoin QT?
Please post it here.

[dmatthewstewart]

Stupid question: But if someone was mining in a pool with 4 people, and they all had very low hash rate, that means that the payouts, even on PPLNS, will be extraordinarily low, right?

[Adamlm]

Bump for elacoin

finally you are back, i think we need to fork the coin.

+1, I'm ready to mine it 24/7 for week or two to help revive this coin. If there is a working client or blockchain source please give me details. My client gives me only one connection and last block 18291:

{
"version" : 60300,
"protocolversion" : 60001,
"walletversion" : 60000,
"balance"
"blocks" : 18291,
"connections" : 1,
"proxy" : "",
"difficulty" : 0.15935872,
"testnet" : false,
"keypoololdest" : 1368868462,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00010000,
"errors" : ""
}

[Adamlm]

I've deleted the database and started elacoin-qt to download it again, but this time it stuck on block 23080.
I have 2-4 connections.

{
"version" : 60300,
"protocolversion" : 60001,
"walletversion" : 60000,

"blocks" : 23080,
"connections" : 2,
"proxy" : "",
"difficulty" : 0.88827293,
"testnet" : false,
"keypoololdest" : 1368868462,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00010000,
"errors" : ""
}

But I don't get it how it's possible that ELC is traded on cryptsy, last trade occured yesterday. It means that there must be a good and current chain, right? Can someone upload and share it? I think there are people who would like to mine this coin.

[barwizi]

um, best is to contact cryptsy and figure out which one they are using, maybe they can give you a node and the chain data. in my opinion wait it out until someone has the time to fix this. or you could ask someone to do it for yoy, then you mine it hard for a while by yourself (or with a small group) then announce the new client.

[Adamlm]

um, best is to contact cryptsy and figure out which one they are using, maybe they can give you a node and the chain data. in my opinion wait it out until someone has the time to fix this. or you could ask someone to do it for yoy, then you mine it hard for a while by yourself (or with a small group) then announce the new client.

Thanks, I'll try.
I hope a talented dev will come here to revive ELC
I'm ready to test the updated client, PM me in case.

[barwizi]

um, best is to contact cryptsy and figure out which one they are using, maybe they can give you a node and the chain data. in my opinion wait it out until someone has the time to fix this. or you could ask someone to do it for yoy, then you mine it hard for a while by yourself (or with a small group) then announce the new client.

Thanks, I'll try.
I hope a talented dev will come here to revive ELC
I'm ready to test the updated client, PM me in case.

hmm, maybe i'll do it in a week, though i'd change the reward system to 1 and update the diff algo.

[Adamlm]

I've tried to contact cryptsy as you suggested, but no reply to my ticket yet.. But they still trade ELC, last transaction was placed yesterday.