[ANN] Catcoin - Scrypt meow!

[CatCoinForums]

#cat-pool - http://catpool.co - is being closed, due to low poolrate, and nethashrate dropping - please withdraw your coins by Friday 10pm UTC 3rd Jan

Why would you close a pool when the fork is happening shortly which will resolve this issue? Kinda doesnt make sense and abit harsh for your members.. but anyway im not bothered since i use the best pool "Poolerino" #1.. thanks to Mike!

Kind regards!

[1714709375]

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[Mikellev]

We patched.... and we were the biggest, but now we are official from catcoinforum and we only got 60 confirmations + 0% fee

http://cat.poolerino.com

what is biggest pool online with patch?

[dotnetmin]

We patched.... and we were the biggest, but now we are official from catcoinforum and we only got 60 confirmations + 0% fee

http://cat.poolerino.com

what is biggest pool online with patch?

hi mikel,

can i put a rented rig to your pool without gettig trouble because i am not able to switch after i let it start for me ?

[raistlinthewiz]

what is biggest pool online with patch?

http://cat.coinium.org is at 25mh/s right now. One of the biggest ones with most hash-power atm and yes we do have patches applied. we do have two stratum servers; eu.coinium.org and us.coinium.org.

We are also %0 PPLNS and set to 60 confirmations.

[Mikellev]

100% yes, like dev said, as long pool is on new version, nothing bad will happen.

We patched.... and we were the biggest, but now we are official from catcoinforum and we only got 60 confirmations + 0% fee

http://cat.poolerino.com

what is biggest pool online with patch?

hi mikel,

can i put a rented rig to your pool without gettig trouble because i am not able to switch after i let it start for me ?

[zccopwrx]

http://cat.hashfaster.com is up on the new forked wallet.

Come get it.

[p2pool.name]

Hello Miners,
there are just 9 Blocks left before reaching fork point at block 20290.

We have updated our wallet and restarted the pool.

Join us with your hashpower, and give our CAT's a strong new live !

Happy mining Knauf1 

[Mikellev]

oh is it poolwar time again ? Wait I get the guns.

[Last1212]

Just tell me what pool was first to agree decrease payout confirmations and I will join it.

[Mikellev]

See 1st page and yes it was us. http://cat.poolerino.com

Just tell me what pool was first to agree decrease payout confirmations and I will join it. CatCoin Trust!

[CatCoinForums]

Just tell me what pool was first to agree decrease payout confirmations and I will join it.

That was poolerino. Thats why i made Mike's pool official on the forum, since him being the only one who actually contacted me to help support Catcoin while it was down and dark.

Now the competition begins! It's like a new whole relaunch! I will also be emailing over 500 catcoin supporters from the official forum to check out this thread, so keep updating posts about your pool @ All pool-owners that is.

Goodluck to all.

[raistlinthewiz]

while the dark-out period we've run http://cat.coinium.org with 30 confirmations, now we have increased the confirmation count as things will get in order soon..

[Nullu]

Wow only 9 blocks away?

[tuaris]

Mark my words - this will lead to endless cycles of a 12-24 hours at high difficulty (e.g., 30 minute block time x 36 = 18 hours), followed by very easy difficulty for less than an hour (e.g., 1 minute block time x 36 = 36 minutes) during which time miner-dumpers will put massive hashing power to get cheap catcoins and dump on the markets, followed again by 12-24 hours at high difficulty when loyal miners suffer, and repeat over and over again. Just a speeded up version of the same problem. Coin prices languish. The problem is the oscillation with the inherent temporary high hash power combined with dumping of the cheaply mined coins, at the expense of loyal miners - and not just the particular unrealistically high difficulty phase / slow confirm times. High difficulty is merely a symptom.

And why reset to difficulty=16? We had too much mining going on (like 1 per minute or faster) when the difficulty was at 64. Faster confirm times means more coins being mined and dumped. This may temporarily pump up the coin value from the excitement, but look at the past week of DOGE prices, for a taste of what this excitement leads to. And what's with the "poll" that was open for only 4 hours? I go to sleep, wake up, and find my vote isn't counted. This smells like consensus manipulation.

I agree with the sentiment that changing block readjust parameter is changing the rules of the game after starting. My proposal for adding a Loyalty Credit is at least designed to restore normality, where under most circumstances 2016 blocks for readjusting, and 50 blocks per block solved, (and all the other parameters), would continue, minus the crazy difficulty swings.

But if the original developer has bought in, very well, I expect the coin prices to recover somewhat, and we will go from an underperforming coin (I believe based on FUD) with at least an intact soul, to a yet-another-mine-and-dump-altcoin, which in some particular sense is an improvement. Prices will probably go up somewhat, I will not dump CATs right now for this reason - a purely economic reason. But the decision to address only the symptoms is disappointing, in that now there is no particular reason why CAT is special anymore. It's like an artist selling out his soul, to get a respectable entry level job in middle management, giving up music, because his family harraged him about his slow rate of earning income, but at the cost of his potential to become a star.

Etblvu1

Exactly true, this is what is being done with Zetacoin difficulty.

[Nullu]

Is the wallet in the OP updated yet?

[foodies123]

Is the wallet in the OP updated yet?

yep

[foodies123]

what is biggest pool online with patch?

http://cat.coinium.org is at 25mh/s right now. One of the biggest ones with most hash-power atm and yes we do have patches applied. we do have two stratum servers; eu.coinium.org and us.coinium.org.

We are also %0 PPLNS and set to 60 confirmations.

+6mh/s from me, let's get these blocks done today

[raistlinthewiz]

what is biggest pool online with patch?

http://cat.coinium.org is at 25mh/s right now. One of the biggest ones with most hash-power atm and yes we do have patches applied. we do have two stratum servers; eu.coinium.org and us.coinium.org.

We are also %0 PPLNS and set to 60 confirmations.

+6mh/s from me, let's get these blocks done today

you are welcome

we are now 30+mh/s

[dotnetmin]

anybody want to upload CAT and want so switch to GFT ( Giftcoin )

Would trade 1:1   -  a lot of big miners are pissed off becuase the biggest pool accpeted over 2 hours
shares ( at lunch start ) but database in background was broken. So they try now to bash to coin.
Maybe it will start much better, nobody knows what happens if coin meets a exchange.

There are still a lot of miners @ GFT - 1.4 Gh/s and difficulty is already high.

[CatCoinForums]

Come on fellow Cats, lets Claw together and this Hashrate up and eat these remaining blocks up!