-- Miner's Official Coin LAUNCH - NUGGETS (NUGS) --

[markm]

So has anyone found yet a crapcoin since the superblock fad started that doesn't have these superblocks or luckyblocks or golden blocks or whatever?

Or is this just part of a continuous non stop sequence of coins with fluke blocks in them that has been unbroken since way back when?

-MarkM-

[iGotSpots]

Then the big miners dump their 15 super blocks, making the 1 that a smaller miner gets worth nothing

Who says that these coins have value in the first place?

Well yea, but you know what I meant

[thef]

But even in a pool, where the big miners gets the golden blocks faster, the small miner will still get way more coins than the expected 49 coins.  That right there is a gift from the large miner for something the small miner did nothing to deserve.  You guys fail to see the big picture c

The expected coins per block is NOT 49. It is P(49 coins)*49+P(superblock)*10000>49. Your coin does nothing to address how block rewards are given out PROPORTIONALLY to a miner's hashrate.

Edit: Also, any coin that has random block rewards or superblocks is basically waving a giant middle finger to miners by increasing the variance of their mining rewards while the whole point of joining mining pools is to decrease variance.

[Vlad2Vlad]

34 blocks and 2.24 dif @@

My job here is done

You went all in on this haha you spiked the difficulty so high


650 Kh/s since beginning and 0 blocks

I warned him to make up his mind about the premine. Instead he deceived us with 0% in announcement and then changed it back two posts later and tried to bury it in the thread

You can't blame me, though, I didn't through that much at it...

I didn't burry jack shit.

I clearly stated 1% premine.  Half goes to bounties right away and my .5% will also go.  I don't need to keep a single premine coin of you're all a bunch of asslholes about it.  As soon as I get that .5% pe premine its going to everyone here.  Every coin.  That way asshole haters like you will finally shut the fuck up.

[markm]

Ouch, people who hate assholes, gosh what a bunch of bigots, I'm shocked.

-MarkM-

[iGotSpots]

34 blocks and 2.24 dif @@

My job here is done

You went all in on this haha you spiked the difficulty so high


650 Kh/s since beginning and 0 blocks

I warned him to make up his mind about the premine. Instead he deceived us with 0% in announcement and then changed it back two posts later and tried to bury it in the thread

You can't blame me, though, I didn't through that much at it...

I didn't burry jack shit.

I clearly stated 1% premine.  Half goes to bounties right away and my .5% will also go.  I don't need to keep a single premine coin of you're all a bunch of asslholes about it.  As soon as I get that .5% pe premine its going to everyone here.  Every coin.  That way asshole haters like you will finally shut the fuck up.

Your preannounce post said 0%, then 6 posts later you posted "I changed my mind, I'm premining 1%"

You even got called out on it in your own thread because you didn't change the original post

[iGotSpots]

After an hour:

{
"blocks" : 41,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.27465282,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 2458765,
"pooledtx" : 0,
"testnet" : false
}

[Vlad2Vlad]

Lol, almost an hour and still only 1/3 of the way to the blocks that give any rewards. This is going really well for you, huh, Vlad

Yeah, asshole, i don't have a single coin from all the work and money I put in this coin. And when I do get my .5% premine I'll be site to publicly shove it up your ass so you can finally stop moaning about it like I got rich or something.  Assholes of the first degree.

I've been on here all day.

Time for me to take a break and spend a little time with my kids you ungrateful jackasses.

Kill this fucking coin - I don't give a fuck.  Nothing but a bunch of Babies.  You all want a great coin but you only know how to bitch.

Fuck you!

I'm out!

[markm]

So what is the reward after the first ten blocks? Did that quote earlier leave out some clauses?

-MarkM-

[thisnewcoin]

No premine??? Look at this:

   if(nHeight == 1)
nSubsidy = 1100000 * COIN; //.5% Public Wallet Premine

else if(nHeight == 2)
nSubsidy = 1100000 * COIN; //.5% Coin Owner Premine

lol

[/size]

2.2 mil premine

[iGotSpots]

Lol, almost an hour and still only 1/3 of the way to the blocks that give any rewards. This is going really well for you, huh, Vlad

Yeah, asshole, i don't have a single coin from all the work and money I put in this coin. And when I do get my .5% premine I'll be site to publicly shove it up your ass so you can finally stop moaning about it like I got rich or something.  Assholes of the first degree.

I've been on here all day.

Time for me to take a break and spend a little time with my kids you ungrateful jackasses.

Kill this fucking coin - I don't give a fuck.  Nothing but a bunch of Babies.  You all want a great coin but you only know how to bitch.

Fuck you!

I'm out!

Told you guys he'd throw a bitch fit and quit. I thought you'd at least last a week not less than an hour lol

Don't be mad at us because your "brilliant" idea turned out to be the same thing that's failed several times already

[tob101]

Then the big miners dump their 15 super blocks, making the 1 that a smaller miner gets worth nothing

Who says that these coins have value in the first place?

Well yea, but you know what I meant

This was a serious question, who gives these coins value? Does the coin creator have a magic wand that when the coin is mined it becomes worthy of barter?

The exchanges are who give value to these alt coin. Just take for example InfiniteCoin, was listed at Cryptsy and some guy made 40 BTC selling what he mined, he's not even the dev. That was until InfiniteCoin was moved to the LTC market.

Exchanges play a huge role encouraging creation of pump and dump coins!
I'm not against exchanges, just pointing out my observation about alt coins.

[thisnewcoin]

This is called no premine:

if(nHeight == 1)
nSubsidy = 1100000 * COIN; //.5% Public Wallet Premine

else if(nHeight == 2)
nSubsidy = 1100000 * COIN; //.5% Coin Owner Premine

else if(nHeight < 249)
nSubsidy = 0 * COIN;   //No Coins awarded for the first 250 blocks (fair launch)

else if(nHeight > 250)
nSubsidy = 49 * COIN;   //Standard 49 Coin Reward

I will launch a coin soon with only <0.5% premine, stay tuned 

[iGotSpots]

I like it's been over an hour now and we are on block 42 - Looks like it was well worth the money you spent to have this coin made for you

[AgentME]

Yeah, asshole, i don't have a single coin from all the work and money I put in this coin.

There's already millions of coins premined.

Time for me to take a break and spend a little time with my kids you ungrateful jackasses.

Kill this fucking coin - I don't give a fuck.  Nothing but a bunch of Babies.  You all want a great coin but you only know how to bitch.

Fuck you!

I'm out!

Why would we be grateful? This is just another crapcoin clonecoin, that also has a premine for you already.

[iGotSpots]

Lol, almost an hour and still only 1/3 of the way to the blocks that give any rewards. This is going really well for you, huh, Vlad

Yeah, asshole, i don't have a single coin from all the work and money I put in this coin. And when I do get my .5% premine I'll be site to publicly shove it up your ass so you can finally stop moaning about it like I got rich or something.  Assholes of the first degree.

I've been on here all day.

Time for me to take a break and spend a little time with my kids you ungrateful jackasses.

Kill this fucking coin - I don't give a fuck.  Nothing but a bunch of Babies.  You all want a great coin but you only know how to bitch.

Fuck you!

I'm out!

I don't think jesus would like the way you're speaking to me. You better go pray

No coins? Lol, you have like 2 million

[PerfectAgent]

Yeah, asshole, i don't have a single coin from all the work and money I put in this coin.

There's already millions of coins premined.

Well, technically, these coins are worthless, so it's kinda true.  

[ohiwastedmylif]

I am assuming these blocks are actually rewarding money but to him?

Are we doing the pre-mine work or are they really filled with nothing?

*NVM saw the code*

[Damnsammit]

I'm about to go to bed, but can someone confirm that I have this set up right?


I made a nuggets.conf in the roaming directory ( C:\Users\Morrison\AppData\Roaming\Nuggets ) as follows:

rpcuser=username
rpcpassword=pw
rpcallowip=192.168.1.1
rpcallowip=127.0.0.1
rpcport=5587
addnode=69.85.86.195
daemon=1
server=1
gen=0

And then set it up to run in CGMiner just as I have done the other time I solo mined (with CAPs)

It looks like it is running fine, but I don't know how to confirm it.

[ohiwastedmylif]

I like it's been over an hour now and we are on block 42 - Looks like it was well worth the money you spent to have this coin made for you

Shouldn't we be at a higher block if it is 70 second target time?

3600/70 = 51 ?