[ANN] AMERICAN COIN - AMC - Now About To Start - pool available already..

[FiatKiller]

I have 0.005!  :-p

[cryptohunter]

wow glad i didn't wait in yesterday for this one. What is the diff and what is the expected time frame for this to generate coins now?

Code:

"blocks" : 11157,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.25000000,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 11849275,
"pooledtx" : 0,
"testnet" : false

so its only at 11mh and it is on diff 0.25 already? hmm that seems quite steep, ok well that's going to take quite some time, went down from 7k to 4k quite fast but is crawling now.

[nesic1]

so in how much time will this start to pay coins, is there a blockchain?

[FiatKiller]

so in how much time will this start to pay coins, is there a blockchain?

many hours or days even because the delay in it being worthwhile will make peeps lose interest till you can actually get something - I went back to bitcoins except for mining thru the client

[BrewCrewFan]

so in how much time will this start to pay coins, is there a blockchain?

many hours or days even because the delay in it being worthwhile will make peeps lose interest till you can actually get something - I went back to bitcoins except for mining thru the client

LOL they took down the counter on the site.

[kr4x]

this coin will fail before it even starts rewarding, the blocks have slowed down so much since miners stopped mining it

[BrewCrewFan]

this coin will fail before it even starts rewarding, the blocks have slowed down so much since miners stopped mining it

Yep. I know I did. I had a feeling that people with decent hash were just sitting out which was confirmed later on... I saw no reason to waste my hash power doing the empty blocks so when it did finish everyone else gets the reward.

This shows another flaw. I am sure it has been talked about recently about having something that will auto adjust the difficulty if blocks are not found in a target time frame. I am sure you understand why that would be a great thing

[com911]

Diff wil retarget in ~800 blocks. ~2700 left till rewadred blocks.

[fenican]

Obviously the correct way to do a fair start is have difficulty start at .25 and have the coin creator do the work, *one block*,  to mine the genesis block

Asking miners to "donate" their hash to mine 6,000 blocks at high difficulty was a bit ridiculous particularly with a 650k coin premine

[BrewCrewFan]

Obviously the correct way to do a fair start is have difficulty start at .25 and have the coin creator do the work, *one block*,  to mine the genesis block

Asking miners to "donate" their hash to mine 6,000 blocks at high difficulty was a bit ridiculous particularly with a 650k coin premine

Im not disappointing in the pre mine as much as I am in seeing people sit out. The only thing they wanted to do was jump on when the rewards kicked in to rack up the rewards leaving us turtles who did all the hashing with nothing. If the difficulty would have stayed low this would not have been a problem....

This is a good lesson on WHAT not to do. the concept to have empty blocks is okay....but needs more added to it.

[USCoin]

These coins should be backed with mortgages for this to become legit.

[BrewCrewFan]

Where is the dev for this? This is gonna be the flop of '13 so far

[peonminer]

Where is the dev for this? This is gonna be the flop of '13 so far

Right. A dev lurking is one thing. Total ignorance to launch is another. Still, Network Hashrate: 12206.24 KH/s ... we shall see.

[FiatKiller]

Do we even know if the dev knows this forum exists? He is not the OP.

[nearmiss]

the website has updated based on things said here (new pools added to list ect).  So, someone is watching

[BrewCrewFan]

the website has updated based on things said here (new pools added to list ect).  So, someone is watching

The problem is ... are even half those pools still opened? Many might have closed once they saw the loss of intrest

[Schwede65]

Obviously the correct way to do a fair start is have difficulty start at .25 and have the coin creator do the work, *one block*,  to mine the genesis block

Asking miners to "donate" their hash to mine 6,000 blocks at high difficulty was a bit ridiculous particularly with a 650k coin premine

please dont forget the first 6500 blocks, which were easy to mine, because nearly nobody knew about it...

this are 650k "extra"-cash in the wallets of...

[nearmiss]

the website has updated based on things said here (new pools added to list ect).  So, someone is watching

The problem is ... are even half those pools still opened? Many might have closed once they saw the loss of intrest

Mine is, though no one is mining at it   http://amc.scryptmining.com

[ZeRo103]

Obviously the correct way to do a fair start is have difficulty start at .25 and have the coin creator do the work, *one block*,  to mine the genesis block

Asking miners to "donate" their hash to mine 6,000 blocks at high difficulty was a bit ridiculous particularly with a 650k coin premine

Im not disappointing in the pre mine as much as I am in seeing people sit out. The only thing they wanted to do was jump on when the rewards kicked in to rack up the rewards leaving us turtles who did all the hashing with nothing. If the difficulty would have stayed low this would not have been a problem....

This is a good lesson on WHAT not to do. the concept to have empty blocks is okay....but needs more added to it.

Yes ... can you come and work for me for 1 week and i'll pay you nothing ... where did you hear that ?! This coin will never survive ... no dev ?!. This will be dead in less than 7 days.

P.S. You do the hard work and i'll come when money comes ... thank you   ... and once shows in Cryptsy ... dev comes out of the woods with 650 000 coin to make some money   ... Looks fair to me   

[schnebi]

I eraned some AmericanCoin... 

Just 0.00022297, but for a Block Reward of 0 thats pretty much