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rocketron
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May 18, 2013, 08:39:45 PM |
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why not? ya never know what coins makes it to exchanges, look at ftc and cnc they made it, yac even made it to bter.. Why would I waste my hashrate on another LiteCoin fork that never makes it to an exchange?
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MaGNeT
Legendary
 Offline
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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May 18, 2013, 08:41:44 PM |
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why not? ya never know what coins makes it to exchanges, look at ftc and cnc they made it, yac even made it to bter.. Why would I waste my hashrate on another LiteCoin fork that never makes it to an exchange?
After Yac, another 34 coins are released... Maybe a nice coin to experiment with 51% attacks at low difficulty. I'm going to give it a try with my upgraded miningfarm. |
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Theraty
Member
Offline
Activity: 196
Merit: 10
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May 18, 2013, 08:44:33 PM |
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Sounds like a currency for buying munchies.
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TruCoin
Full Member
Offline
Activity: 210
Merit: 100
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
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May 18, 2013, 08:45:23 PM |
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good, but the name...., maybe most of people cannot connect it with coin.
That's what I'm saying. Turn those b's, upside down ha ha ha ha nipples |
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kendle
Member
Offline
Activity: 99
Merit: 10
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May 18, 2013, 08:46:34 PM |
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Having a hard time trusting all these coin releases by people just out of newbie status.
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rocketron
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May 18, 2013, 08:46:43 PM |
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hahahahahaha
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MaGNeT
Legendary
Offline
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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May 18, 2013, 08:49:25 PM |
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Having a hard time trusting all these coin releases by people just out of newbie status.
Same user released 2 coins before, just another username  Difficulty got stuck again, so new coin... |
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e521
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May 18, 2013, 08:50:46 PM |
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why not? ya never know what coins makes it to exchanges, look at ftc and cnc they made it, yac even made it to bter.. Why would I waste my hashrate on another LiteCoin fork that never makes it to an exchange?
After Yac, another 34 coins are released... Maybe a nice coin to experiment with 51% attacks at low difficulty. I'm going to give it a try with my upgraded miningfarm. I will def. try to pull the ethernet this time! |
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TruCoin
Full Member
Offline
Activity: 210
Merit: 100
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
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May 18, 2013, 08:53:02 PM |
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if there is no early mining incentive. WHY mine early?
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rocketron
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May 18, 2013, 08:54:57 PM |
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good point lol if there is no early mining incentive. WHY mine early?
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MaGNeT
Legendary
Offline
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
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May 18, 2013, 08:57:31 PM |
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Specs:
Ascending reward system to stave off insta-mining, pre-mining, unfair rewards for early adopters.
Block 1 - 2016 @ 1 NIB
Block 2017 - 4032 @ 2 NIB's
Block 4033 - 6047 @ 4 NIB's
Block 6048 - 8063 @ 8 NIB's
Block 8064 - 10079 @ 16 NIB's
Block 10080 - 12095 @ 32 NIB's *** Difficulty SHOULD reach 1+ at this point. Total NIB's mined = 127,004
Block 12096 - 219555 @ 50 NIB's
Block 219556 - 639555 @ 25 NIB's
21,000,004 total NIB's (4 more than Bitcoin)
639,555 total blocks
2 1/2 minute blocks (4 times faster than Bitcoin)
2016 Block Difficulty Retarget
Why is this system better?
Litecoin's 1st 12,096 blocks produced 604,800 LTC - though GPU mining wasn't released to the general public (but that's not it wasn't used)
Feathercoin's 1st 12,096 blocks produced 2,419,200 FTC
Nibble's 1st 12,096 blocks will produce 127,054 NIB |
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rocketron
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May 18, 2013, 09:00:30 PM |
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thoughts and opinions? so the longer we wait to mine to more nibs we would get ?
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aetos
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May 18, 2013, 09:01:25 PM |
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thoughts and opinions?
get in late  not worth early too many orphans and for 1 ? |
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Dervana
Member
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Activity: 112
Merit: 10
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May 18, 2013, 09:02:22 PM |
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So, the coin isn't designed to entice early adoption, or am i missing something?
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rocketron
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May 18, 2013, 09:02:29 PM |
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I think ill wait till later blocks to start mining and let the dummies take the first blocks, doesn't make sense to mine early and with the cost of electricity etc for a reward of 1 nibble per block,
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r3animation
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May 18, 2013, 09:03:15 PM |
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It's an interesting idea, but I'll just join a pool and forget about solo mining this one.
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TruCoin
Full Member
Offline
Activity: 210
Merit: 100
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
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May 18, 2013, 09:03:45 PM |
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good luck having enough coins to promote your coin. With no early miner incentive coin will die off quicker
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rocketron
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May 18, 2013, 09:04:05 PM |
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yeah that might be best, solo mining is out the window at the early stages for this for sure It's an interesting idea, but I'll just join a pool and forget about solo mining this one.
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aetos
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May 18, 2013, 09:05:10 PM |
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It's an interesting idea, but I'll just join a pool and forget about solo mining this one.
thats the idea mine other coins now when diff gets to 1 join a pool the shares would be ore that the 1 couin at start lol |
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