[ANN] [MEC] Megacoin has arrived. Scrypt & Core 0.8.2+ Updates: Chinese Market

[ohiwastedmylif]

http://megacoin.miningpool.co/

'Network Hashrate: 163.71 MH/s     Pool Hashrate: 117.18 MH/s'

Are these correct values? If so that is over 71% of total hash rate...

[CaptainAK]

New Pool Available

Pacific Northwest Mining Co

<strike>http://mec.pnwminer.com</strike> - Closed  - Waiting for new hardware to arrive.

*Stratum Only
*1% PPLNS based on last 50,000 Shares
*120 Confirms.... For now

[MobGod]

guys don't forget about this one
 
http://coinworld.us:7777/static/it's kicking live

[nearmiss]

guess there was not much use for another pool, with 70+% hashing at one already.  moving along

[ohiwastedmylif]

The need is there at different periods of time. This coin like other alts is very new and is suffering from the issue of miners using automatic switching based on coin profitability.

The second it hits the profitability websites it doubles or triples in hash rate and certain pools become overloaded.

In time when the coin rises in price it will become more profitable to mine and hopefully generate a more steady hash rate.

[niniyo]

That is a bit worrying to hear that one pool has 70% of hashing power.  So long as the pool stays honest then it is OK, but it's not a great situation to be in.

I would encourage miners of that pool to go elsewhere until it gets to 40% or below.  If you've got > 1Mh and are planning on mining for several days, then mine solo.

[MobGod]

That is a bit worrying to hear that one pool has 70% of hashing power.  So long as the pool stays honest then it is OK, but it's not a great situation to be in.

I would encourage miners of that pool to go elsewhere until it gets to 40% or below.  If you've got > 1Mh and are planning on mining for several days, then mine solo.

Look at the stats I don't cheat anyone everyone is getting paid and they love the pool

[niniyo]

That is a bit worrying to hear that one pool has 70% of hashing power.  So long as the pool stays honest then it is OK, but it's not a great situation to be in.

I would encourage miners of that pool to go elsewhere until it gets to 40% or below.  If you've got > 1Mh and are planning on mining for several days, then mine solo.

Look at the stats I don't cheat anyone everyone is getting paid and they love the pool

With 70% hashing power you could easily ignore every block mined outside the pool, and just build your own chain amongst the pool. It will always outpace the other 30% so you would orphan every block mined by solo miners or other pools.  This would ensure your pool gets 100% of the 500 MEC blocks and also would minimise the difficulty level for your pool since the other 30% hash power would not contribute towards difficulty.  Then people would have a choice to either join your pool if they want to mine, or abandon the coin.  At that point you basically control the network.

My assumption is that you are good and wouldn't cheat anyone and want MEC to do well - I'm just pointing out that it's an unhealthy situation from a robustness perspective.

[MobGod]

That is a bit worrying to hear that one pool has 70% of hashing power.  So long as the pool stays honest then it is OK, but it's not a great situation to be in.

I would encourage miners of that pool to go elsewhere until it gets to 40% or below.  If you've got > 1Mh and are planning on mining for several days, then mine solo.

Look at the stats I don't cheat anyone everyone is getting paid and they love the pool

With 70% hashing power you could easily ignore every block mined outside the pool, and just build your own chain amongst the pool. It will always outpace the other 30% so you would orphan every block mined by solo miners or other pools.  This would ensure your pool gets 100% of the 500 MEC blocks and also would minimise the difficulty level for your pool since the other 30% hash power would not contribute towards difficulty.  Then people would have a choice to either join your pool if they want to mine, or abandon the coin.  At that point you basically control the network.

My assumption is that you are good and wouldn't cheat anyone and want MEC to do well - I'm just pointing out that it's an unhealthy situation from a robustness perspective.

Understandable

[ohiwastedmylif]

The miners who auto switch must point to that specific pool because it has since gone down to well under 50%.

We need some more news etc to get some buzz going and get the hash rate climbing more.

Not like you aren't busy coding more important things for the coin, but is there any ETA on an official website Kimoto?

[MarKusRomanus]

New pool up!

http://mec.scryptmining.com

* stratum-only
* proportional payouts per block (no pplns warmups!)
* variable difficulty based on hashrate per worker

Come try us out!

Just a heads up... 80 confirms won't work for mec, mined blocks dont mature until 120 confirms for this coin.

[nearmiss]

New pool up!

http://mec.scryptmining.com

* stratum-only
* proportional payouts per block (no pplns warmups!)
* variable difficulty based on hashrate per worker

Come try us out!

Just a heads up... 80 confirms won't work for mec, mined blocks dont mature until 120 confirms for this coin.

Its set to pay out at 120 already?  Are you seeing 80 somewhere? (not that it has any miners anyways, heh)

[A L I E N]

Current Network Hash: 138.34 Mh/s
Current Difficulty: 4.355
Market Capitalization: $15,626.52
Current Price: 0.000015 btc
Number of 500 reward blocks remaining: 1344

[dubs]

Current Network Hash: 138.34 Mh/s
Current Difficulty: 4.355
Market Capitalization: $15,626.52
Current Price: 0.000015 btc
Number of 500 reward blocks remaining: 1344

once those 500 blocks are up the value will rise

[A L I E N]

Current Network Hash: 138.34 Mh/s
Current Difficulty: 4.355
Market Capitalization: $15,626.52
Current Price: 0.000015 btc
Number of 500 reward blocks remaining: 1344

once those 500 blocks are up the value will rise

No one should be able to complain they didn't get in before it moves up, we have all been urging them to mine and buy while the reward is high and the price is low.  Once the block reward gets halved the trolls will complain about the 500 blocks because the didn't get in.  The time is now.

[niniyo]

at least there will be 250 blocks to come after that.  but yeah, loving these 500s.

lets hope that kimoto has a plan for taking this coin to the next level.

[dubs]

we had a nice spike in price today

[ohiwastedmylif]

 250 blocks coming very soon!

Hopefully this draws up the price to match with profitability currently.

We need some news from Kim to keep this going strong.

[nearmiss]

Hoping some will still give us a chance over at: http://mec.scryptmining.com!  Spread out some hashpower for a healthier network!

Perhaps I joined the party a bit late though!

[ohiwastedmylif]

Hoping some will still give us a chance over at: http://mec.scryptmining.com!  Spread out some hashpower for a healthier network!

Perhaps I joined the party a bit late though!

Is the pool rate really 0?

Keep posting your pool, more miners will be looking for somewhere to mine in the near future when they realize the potential on MEC.