[ANN][Exchange] Latest Cryptsy Additions, News and announcements.

[BitJohn]

Pennies is #1 on the list? 

Yes but for a couple reasons cant list yet. Working it out.

BitJohn

How do you see Pennies's adding in time - 1, 2 days or?

Cant say a time frame at this time but it wont be to long.

[CaptChadd]

Yes agree that ELP should be up in the list. Also what about ExtremeCoin?

+1 for EXC and ELP. EXC has no premine I guess?

Yeah, the premine has gone. I gave it out in bounties. What I mine on the pool now, I give some of that out in giveaways.

I mine Extremecoin, the same as everyone else now.

[CaptChadd]

Yes agree that ELP should be up in the list. Also what about ExtremeCoin?

+1 for EXC and ELP. EXC has no premine I guess?

Only issue I see with EXC is well only the dev says he will mine it after the coins run out. So if we list it and it becomes completely dead in two months (not saying it will) whose taking the blame? That is my only hangup and not that other coins don't have the issue this one just has the issue really fast.

Extremecoin has changed slightly with the Version 1.1 update.

The reward drops from 200 to 1 after two months and has a 5 million cap. Also the premine is gone. Bounties for pools, explorer etc. I mine the same as everyone else.

With so few coins in total to ever be mined, even 1 coin per block is a decent reward.

At the moment though, there is such an opportunity to mine coins before the reward drop. The rashrate is steady and has been from the start.

Cheers.

[BitJohn]

Securecoin is now listed on cryptsy.com

Specifications
Reward Per Block: 5
Time Between Blocks: Every 1 minute
Difficulty Retarget: 500 blocks. Difficulty can only move a maximum of 100% up, or 50% down.
Reward halves: Every 2.1 million blocks
Block confirmations: 40
Transaction Confirmations: 5
Total Coin Supply: 21 million
Algorithms: Grøstl, Skein, BLAKE, BLUE MIDNIGHT WISH, JH, SHA-3
GUI: Unique design and optimizations
Launch: Fair launch with ascending rewards
Pre-mine: None

[rikkejohn]

orbitcoin for cryptsy - it has good volume at coins-e

put it in LTC - and watch the scramble

[Oldminer]

Securecoin is now listed on cryptsy.com

Specifications
Reward Per Block: 5
Time Between Blocks: Every 1 minute
Difficulty Retarget: 500 blocks. Difficulty can only move a maximum of 100% up, or 50% down.
Reward halves: Every 2.1 million blocks
Block confirmations: 40
Transaction Confirmations: 5
Total Coin Supply: 21 million
Algorithms: Grøstl, Skein, BLAKE, BLUE MIDNIGHT WISH, JH, SHA-3
GUI: Unique design and optimizations
Launch: Fair launch with ascending rewards
Pre-mine: None

Amazing.

myself and 99% of the people here cant even mine this coin and its listed within hours of launch...

[BitJohn]

Securecoin is now listed on cryptsy.com

Specifications
Reward Per Block: 5
Time Between Blocks: Every 1 minute
Difficulty Retarget: 500 blocks. Difficulty can only move a maximum of 100% up, or 50% down.
Reward halves: Every 2.1 million blocks
Block confirmations: 40
Transaction Confirmations: 5
Total Coin Supply: 21 million
Algorithms: Grøstl, Skein, BLAKE, BLUE MIDNIGHT WISH, JH, SHA-3
GUI: Unique design and optimizations
Launch: Fair launch with ascending rewards
Pre-mine: None

Amazing.

myself and 99% of the people here cant even mine this coin and its listed within hours of launch...

We still think its a quality coin with a solid developer have had it listed as #2 since its announcement. Baritus is a good coin developer so we are speculating it will be a great success. Id agree that as with many new releases in the CPU coin arena early mining is sometimes very painful.

[FlungSpun]

interesting that getinfo wont tell you money supply

[BitJohn]

interesting that getinfo wont tell you money supply

Multiply the blocks times the block size. Would show you that roughly

[mill0601]

Yes agree that ELP should be up in the list. Also what about ExtremeCoin?

+1 for EXC and ELP. EXC has no premine I guess?

+1 for EXC

[FlungSpun]

interesting that getinfo wont tell you money supply

Multiply the blocks times the block size. Would show you that roughly

Really?
I can do simple mathematics.
Odd thing to leave out of a standard query don't you think?
Brings the cynic out in me.

[monocolor]

Securecoin is now listed on cryptsy.com

Specifications
Reward Per Block: 5
Time Between Blocks: Every 1 minute
Difficulty Retarget: 500 blocks. Difficulty can only move a maximum of 100% up, or 50% down.
Reward halves: Every 2.1 million blocks
Block confirmations: 40
Transaction Confirmations: 5
Total Coin Supply: 21 million
Algorithms: Grøstl, Skein, BLAKE, BLUE MIDNIGHT WISH, JH, SHA-3
GUI: Unique design and optimizations
Launch: Fair launch with ascending rewards
Pre-mine: None

Amazing.

myself and 99% of the people here cant even mine this coin and its listed within hours of launch...

agreed, I don't see the logics of exchanges rush to list this coin. I mined one hr with 4xi7 and get 0 (actual 5 orphans), and within 30 mins after I started mining (not even from the start) there were 1000+ blocks mined (from block 2600 to 3700+ , the spec says one block per minute, so should be only 30 blocks in 30 mins). My impression is that altho it is said to be CPU mining, someone may have a secret GPU miner and mining it, this is a common trick for CPU coins and a reason I don't usually mine CPU coins.

Bter/cryptsy list this coin just a few hrs after it is launched, only to give instamining people a chance to dump.

[heatgsm]

Any news regarding Paycoin ? 

[BitJohn]

Securecoin is now listed on cryptsy.com

Specifications
Reward Per Block: 5
Time Between Blocks: Every 1 minute
Difficulty Retarget: 500 blocks. Difficulty can only move a maximum of 100% up, or 50% down.
Reward halves: Every 2.1 million blocks
Block confirmations: 40
Transaction Confirmations: 5
Total Coin Supply: 21 million
Algorithms: Grøstl, Skein, BLAKE, BLUE MIDNIGHT WISH, JH, SHA-3
GUI: Unique design and optimizations
Launch: Fair launch with ascending rewards
Pre-mine: None

Amazing.

myself and 99% of the people here cant even mine this coin and its listed within hours of launch...

agreed, I don't see the logics of exchanges rush to list this coin. I mined one hr with 4xi7 and get 0 (actual 5 orphans), and within 30 mins after I started mining (not even from the start) there were 1000+ blocks mined (from block 2600 to 3700+ , the spec says one block per minute, so should be only 30 blocks in 30 mins). My impression is that altho it is said to be CPU mining, someone may have a secret GPU miner and mining it, this is a common trick for CPU coins and a reason I don't usually mine CPU coins.

Bter/cryptsy list this coin just a few hrs after it is launched, only to give instamining people a chance to dump.

That is one perspective or it gives traders a chance to buy early would be another. Either way to dump you have to have a buyer.....

[Fredrick]

When will the USD Markets be in place?

[BitJohn]

When will the USD Markets be in place?

When we are fully licensed (Got some recent good news but not ready to put it out in public just yet)

[erk]

When will the USD Markets be in place?

When we are fully licensed (Got some recent good news but not ready to put it out in public just yet)

Must be a right pain to set up just watching some of the Gox stories unfold!

[BitJohn]

When will the USD Markets be in place?

When we are fully licensed (Got some recent good news but not ready to put it out in public just yet)

Must be a right pain to set up just watching some of the Gox stories unfold!

Sure is but our goal is to be fully compliant and its looking up

[r3wt]

Securecoin is now listed on cryptsy.com

Specifications
Reward Per Block: 5
Time Between Blocks: Every 1 minute
Difficulty Retarget: 500 blocks. Difficulty can only move a maximum of 100% up, or 50% down.
Reward halves: Every 2.1 million blocks
Block confirmations: 40
Transaction Confirmations: 5
Total Coin Supply: 21 million
Algorithms: Grøstl, Skein, BLAKE, BLUE MIDNIGHT WISH, JH, SHA-3
GUI: Unique design and optimizations
Launch: Fair launch with ascending rewards
Pre-mine: None

Amazing.

myself and 99% of the people here cant even mine this coin and its listed within hours of launch...

agreed, I don't see the logics of exchanges rush to list this coin. I mined one hr with 4xi7 and get 0 (actual 5 orphans), and within 30 mins after I started mining (not even from the start) there were 1000+ blocks mined (from block 2600 to 3700+ , the spec says one block per minute, so should be only 30 blocks in 30 mins). My impression is that altho it is said to be CPU mining, someone may have a secret GPU miner and mining it, this is a common trick for CPU coins and a reason I don't usually mine CPU coins.

Bter/cryptsy list this coin just a few hrs after it is launched, only to give instamining people a chance to dump.

That is one perspective or it gives traders a chance to buy early would be another. Either way to dump you have to have a buyer.....

well its pretty common knowledge that baritus has quite the gpu farm. i'm not accusing him of having a gpu miner, but its highly likely that that was the delay in release as there are only 10 lines of code difference between SRC and QRK, sans the block hashes etc which are also different.

equally troubling, is the fact that starting diff is unaltered from the normal value of 20, so there is the obvious instamining problem. In summation, i see SRC as a clone of QRK with a superior development team, marketing strategy, and economic model, HOWEVER, on the same token its flaws are equally important and shed light on the fact that the supposed alignment with bitcoins original 50 coins per 10 minute economic strategy is nothing more than hyperbole, and this is solely due to the poorly thought out difficulty schematic.

Other coin developers in the future will benefit from taking the 1-9 days to hash a genesis block at higher difficulty (30 should be the bare minimum for scrypt, jane, or permutated multiple hashing algorithms(as in the case of SIF, QRK, SRC) with 40 being the bare minimum for SHA 256 based coins. For script coins, coupling a a high starting difficulty with a modern, 5-30 block retarget will yield resillience to insta mining while alleviating problems with stranding at higher difficulties, respectively, where as longer retargets are more desireable for SHA 256 based currencies, reason being that SHA is more efficient and thus results in higher hashing rates meaning that there is less of a stranding effect at higher difficulties than the problem that persists in scrypt due to it being nearly 1000 percent less efficient than sha 256 based algorithms.

[Jaden]

Yes agree that ELP should be up in the list. Also what about ExtremeCoin?

+1 for EXC and ELP. EXC has no premine I guess?

Only issue I see with EXC is well only the dev says he will mine it after the coins run out. So if we list it and it becomes completely dead in two months (not saying it will) whose taking the blame? That is my only hangup and not that other coins don't have the issue this one just has the issue really fast.

Cryptsy could be part of the solution by including the transaction fees needed to support the miners in the exchange fees. Or, it opens up the realm of miners for hire to facilitate transactions. Either way, it's an interesting proposition.