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

[r3wt]

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.

cryptsy transactions occur off chain by leveraging databases with usernames, addresses for the username, amount deposited etc. when a transaction occurs, the coins are simply moving in the database from user to user while the coins remain in the same addresses until point of withdrawal from the exchange.

just for a little example, say user A buys 5 yac from user B. supposed that user C originally deposited the YAC with the exchange, and later sold them to User B. say that user A withdraws the 5 yac from the exchange, by sending them to an online dice game and wonders why he never got anything back. In reality, the gambling winnings would post to user C's account as this would be the originating address to which the coins were deposited and withdrawn from the exchange.

[Entz]

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.

I think many underestimate the effect XPM has had on the CPU coin world. Most people now know how to spin up VPS or launch large groups of machines with little effort. Combined with the fact this can be mined with a well established miner that is nearly double the speed of the wallet miner I am not too surprised at the rate coins were mined. It would take someone <10 minutes to have this running on 200+ machines should they wish to gamble the money.

[sam53]

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.

this coin has no premine, that is true, but it is clearly designed to be hugely instamined by the devs, and it's a shame both exchanges provide the facilities for them to dump at a higher price, because there are not many coins mined by the outsiders. The promotion is the same style as for ARG/SBC (both heavily premined) which apparently done by the same team. Now no premine, but heavily instamined.

[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.....

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.

this coin has no premine, that is true, but it is clearly designed to be hugely instamined by the devs, and it's a shame both exchanges provide the facilities for them to dump at a higher price, because there are not many coins mined by the outsiders. The promotion is the same style as for ARG/SBC (both heavily premined) which apparently done by the same team. Now no premine, but heavily instamined.

I'm not sure I see how it was isntamined by the devs? The release was announced days ago and could have been mined by anyone with the right resources ready to go. The little guy might have gotten pushed out. As far as the concept of dumping your instamine....There is no market if there is not a buyer to take it. So since their is a WILLING buyer how is this an issue?

[xiangbing]

PYC （paycoin）

[loveys]

J-Coin is in your list?
What do you think of this coin?

Its a decent coin and is pretty high on the list.

+1 for JPU 

[shenpeng119]

Pennies and Neocoin are on bter, chinese very quickly.

 +1 JCoin 

[barwizi]

Pennies? Already on Bter, kynda dissapointing how long it's taking cryptsy.

[never_love_27]

+1 for paycoin

[muddafudda]

Lots of premined and insta mined coins being added ATM and a lot of bullshit justifying it

[nightengale]

Any news on a fix for Nanotoken deposits? I've deposited several hundred a couple of days ago, and generated a support ticket, but haven't heard anything more...

[Lauda]

Should be a pool to start taking down some of the crapcoins that are almost dead and abandoned by dev/s.

[794259332]

jcoin and ufc

[bearcat10]

please add Cloudcoin. It really deserves it. And I would like to trade it

[Scooby903]

GPL has no premine and difficulty has been rising steadily 

[BitJohn]

Lots of premined and insta mined coins being added ATM and a lot of bullshit justifying it

What makes you think Cryptsy has to justify it in any case?

Last I checked and was acknowledged by BitJohn is that Cryptsy is in it for profit, pure and simple.

They're not here to spread some delusional  liberal sense of fair play, freeing the capitalist slaves or any of the other completely laughable mantras associated with crypto currency. 99.999999999999999999% of all miners are here for the same reasons.

So if a profit can be made off an instamine POS, so be it.

I think the real problem is that, one or two of your instamine POS crap coins didn't get picked up.

Am I wrong?



~BCX~

We are absolutely in the business of making money we are a company its what we do. With that being said premines and non fair release coins tend to perform poorly so we rank them lower and let the market sort the premine out. We are pretty open about how we add coins its on the list Securecoin was #2 on the list #1 was not added yet for complications with implementation. Coins we don't think will perform well we rank pretty low. Coins we think are going to have issues or that have devs that typically haven't supported their coin in the past also get ranked low.

[BitJohn]

Any native Chinese, Russian or Greek, Spanish speakers care to help me properly translate the main OP thread? Not a Google translate one I have already made that myself looking for something that makes sense haha.

[CaptChadd]

Extremecoin now on BTER. More chance of it now getting onto Cryptsy?

[Jaden]

Extremecoin now on BTER. More chance of it now getting onto Cryptsy?

+1

[portice]

SXC