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Author Topic: [ANN] Introducing Firecoin², an honest scrypt based coin.  (Read 34356 times)
com911
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May 14, 2013, 06:01:57 PM
 #121

FetherCoin2 Huh
Pathetic joke. Like ByteCoin.

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May 14, 2013, 06:02:41 PM
 #122

Hazard, enough greed man if you want this coin to be a success turn off your miners now and let someone else get some blocks
My miners have been off forever man.

Last block I found was under 1000. We're well over 6000 now.

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May 14, 2013, 06:03:29 PM
 #123

This is is proving why "not premined" is complete bullshit when the difficulty starts at 0

Can't even imagine how much the CNC and FTC developers made before people knew the "fair start" was complete bullshit
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May 14, 2013, 06:03:33 PM
 #124

Hazard, enough greed man if you want this coin to be a success turn off your miners now and let someone else get some blocks
No dont turn off miners, I never had so many gray coins in my life.
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May 14, 2013, 06:04:00 PM
 #125

This is is proving why "not premined" is complete bullshit when the difficulty starts at 0

Can't even imagine how much the CNC and FTC developers made before people knew the "fair start" was complete bullshit
That's also the point of this thread.

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May 14, 2013, 06:04:12 PM
 #126

Early on it is all network latency.  Hazard could mine with a TI 99/4 next to one of the seed nodes on the same LAN and get all the blocks

That is why every one of these "starting difficulty 0" coins is a scam.  The developer picks the hard coded nodes and can put a low end GPU right next to them and get *ALL* the initial blocks

This means that there can be no crypto which was not premined even BTC

PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv
BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H
Phoenixcoin (PXC), a decentralised open source digital currency.
fenican
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May 14, 2013, 06:05:36 PM
 #127

Oh sweet happiness you are forgiven, Hazard I just got a confirmed block of 200
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May 14, 2013, 06:06:12 PM
 #128

Early on it is all network latency.  Hazard could mine with a TI 99/4 next to one of the seed nodes on the same LAN and get all the blocks

That is why every one of these "starting difficulty 0" coins is a scam.  The developer picks the hard coded nodes and can put a low end GPU right next to them and get *ALL* the initial blocks

This means that there can be no crypto which was not premined even BTC

Yes it does.  All you have to do is set the difficulty to a reasonable level.  No developer has chosen to do this yet because doing so would prevent the dev from being able to rape the coin in the beginning.  

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
19GpqFsNGP8jS941YYZZjmCSrHwvX3QjiC
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May 14, 2013, 06:07:01 PM
 #129

Early on it is all network latency.  Hazard could mine with a TI 99/4 next to one of the seed nodes on the same LAN and get all the blocks

That is why every one of these "starting difficulty 0" coins is a scam.  The developer picks the hard coded nodes and can put a low end GPU right next to them and get *ALL* the initial blocks

This means that there can be no crypto which was not premined even BTC

Yes it does.  All you have to do is set the difficulty to a reasonable level.  No developer has chosen to do this yet because doing so would prevent the dev from being able to rape the coin in the beginning.  
Well to be fair it also makes finding the genesis block a pain in the ass.

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May 14, 2013, 06:07:29 PM
 #130

This means that there can be no crypto which was not premined even BTC
There could be. Have a look at Hazards new project, a coin whose block reward is based on roundtime. I guess this is just an exercise for him.  Grin
Also a dev could rent a few VPS all over the world as seednodes to atleast make chances the same for everyone. Or just set diff higher..
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May 14, 2013, 06:08:06 PM
 #131

Zero ofc, same as me... Since we get 0 blocks we must have 0 MHS Smiley.

only you not me, i have 60 connections in client  Grin

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May 14, 2013, 06:08:32 PM
 #132

It sort of seems people are missing the point of this 'coin'. . . . It's a damn joke people!
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May 14, 2013, 06:08:44 PM
 #133

Early on it is all network latency.  Hazard could mine with a TI 99/4 next to one of the seed nodes on the same LAN and get all the blocks

That is why every one of these "starting difficulty 0" coins is a scam.  The developer picks the hard coded nodes and can put a low end GPU right next to them and get *ALL* the initial blocks

This means that there can be no crypto which was not premined even BTC

Not that I'm asking for more crap coins. But a fair start could be had.

Start the difficulty at something reasonable. When LTC was made, there was no GPU miner. The difficulty was very low. So, set the difficulty to start at something where 10-20 GPU's can hit the target that the coin starts with.

For each of the difficulty changes (2016 blocks?) Double the coins. Start with 1 per block, double it until it increases to the desired amount, say 64 per block. You would have 6 difficulty changes, and the difficulty could then by 100 or more for an scrypt coin.

But of course, you can't scam a bunch of people if you actually try and make it fair.

If you really want to make it not a gigantic premine, maybe the first 10,000 blocks (still starting at the higher difficulty) should only be 1 coin blocks and you don't crank it up until pools are available and the open source code and binaries are available for all platforms.

Please no more alt coins.

          WTF!     Don't Click Here              
          .      .            .            .        .            .            .          .        .     .               .            .             .            .            .           .            .     .               .         .              .           .            .            .            .     .      .     .    .     .          .            .          .            .            .           .              .     .            .            .           .            .               .         .            .     .            .            .             .            .              .            .            .      .            .            .            .            .            .            .             .          .
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May 14, 2013, 06:09:08 PM
 #134

Lol I have 60 connections too, and 54 gray blocks. Lets find out who has the most gray blocks in first hour Smiley.
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May 14, 2013, 06:12:17 PM
 #135

I'm spinning up a CPU mining farm on EC2 with 100 nodes should be throwing 4 mh/s at it within the next 5 minutes
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May 14, 2013, 06:16:25 PM
 #136

Lol I have 60 connections too, and 54 gray blocks. Lets find out who has the most gray blocks in first hour Smiley.

only 54 gray blocks? i have thousand gray blocks man  Grin

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May 14, 2013, 06:18:03 PM
 #137

I'm spinning up a CPU mining farm on EC2 with 100 nodes should be throwing 4 mh/s at it within the next 5 minutes

throw it on YAC, sir LOL

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May 14, 2013, 06:18:14 PM
 #138

We need someone to set up a google doc exchange for FC2 orphans (Yeah, the grey ones). I will sell a screenshot of 500 stales for 1 LTC. Anyone buying?
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May 14, 2013, 06:19:56 PM
 #139

I'm spinning up a CPU mining farm on EC2 with 100 nodes should be throwing 4 mh/s at it within the next 5 minutes

throw it on YAC, sir LOL

LOL YAC is ungodly UNprofitable right now
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May 14, 2013, 06:31:27 PM
 #140

I'm spinning up a CPU mining farm on EC2 with 100 nodes should be throwing 4 mh/s at it within the next 5 minutes

throw it on YAC, sir LOL

LOL YAC is ungodly UNprofitable right now
Fact

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