FYI,
So far, I've solo mined about 650 blocks, with a dozen or so worth 500 coins, and now I have about 77k worth of these since July 14th.
Right now, I'm just investing spare CPU cycles from my mining farm as I'm running all ASICs for bitcoins. I'm hitting a new block every 6-10 minutes or so. Only ONE has had any transaction fees in them, so my balance is like 77001.300000.
Not a lot of transacting or I'm not getting any micro rewards from users. Any clues? Or is the coin just not popular yet.
When the original developer first released sexcoin it had some serious problems. The source code itself wasn't up to scratch, it came out without linux binaries and was difficult to compile. As you may know, push pools run on linux boxes. There was also no website and no further development to bring confidence to miners that it would be a successful coin..
The fact is that it is just another clone coin with little to recommend it except it is targeted at an entertainment industry that is struggling in the same way other entertainment industries were struggling, however cannot adopt the same microtransactional business model that other industries have used to alleviate their woes, because until now, no payment system supporting this business model existed.
The adult entertainment industry was estimated to have an annual turnover of between 10-14 billion dollars in 2001.
The general strategy adopted by the new development team general comprises of two stages.
Stage one is coin stabilization. The issues with the coin client must be addressed and basic infrastructure built to allow the coin to merely survive. The goals have been, clean code, p2pool and pushpool software development, a website and a hardfork to address the desyncing issue prevalent in so many coins.. You will note that signifigant contributions are being made by members of the community..
Stage two is development. I cannot publicize the details of any plans for this second stage, however I will hint that it will involve another hardfork, among other things. While stage one consists of improvements being released as they are being made, Stage two will consist of a period of development, then the release of all improvements and services at once.
I expect that sexcoin will finally come into it's own at this point, and we will be accused of "premining" by miners who have missed the boat because they prefered to mine for instant profit rather than take a risk and invest in a coin over an extended period, as was the case with Bitcoin and Litecoin.
