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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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Mikellev
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January 01, 2014, 07:29:56 PM |
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Well, as long running the pool is a business I can follow you. But ours are all 0% fee and just some miners donate. But Im willing to help that coin, so if I lower the min. conformations and back it up with my own coins. So what min conf. are be talking about ? 50 ? 60 ? How can we pool operators change the min. confirmation withour risking our own coins ?
Change it in the source of the coin, then its perfect. 120 confirmations is to much.
1. No. 2. No. 3. It would not be a bitcoin clone. 4. The blocks would be less safe. 5. You are a pool operator. 6. You are a business. 7. Adapt. 8. Keep a reserve. 9. Stick your neck out for your users. 10. Have some balls. Many pools already do this. The coin has to have 120 to be safe. It would be idiotic to change the coin safety, because people are too weak to take risks. I have already donated coins to pools that do this. If you don't want risk, go to the back of the bus. "Why should we risk our own coins?" Whine, whine, whine. If you're thinking short term, then you haven't got a clue how this works. If I had the money to pay for servers, I would run pools myself. |
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FranceGuy1
Newbie
 Offline
Activity: 28
Merit: 0
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January 01, 2014, 07:32:24 PM |
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The 2 week retarget is guaranteed to kill this coin if it ever becomes profitable, due to multipools. This needs to be fixed immediately.
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Mikellev
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January 01, 2014, 07:32:57 PM |
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Yes ! The 2 week retarget is guaranteed to kill this coin if it ever becomes profitable, due to multipools. This needs to be fixed immediately.
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zerodrama
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January 01, 2014, 07:34:37 PM |
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Well, as long running the pool is a business I can follow you. But ours are all 0% fee and just some miners donate.
But Im willing to help that coin, so if I lower the min. conformations and back it up with my own coins.
So what min conf. are be talking about ? 50 ? 60 ?
1. Have a reserve of coins. 2. Lower to 60. 3. Give 0% fee to donors and new miners in 24 hours. 4. Charge 2% fee for everyone else. |
EASY CALCULATION FOR TRADES: 1 Million is 1x10e6. 1 Satoshi is 1x10e-8. 1 M sat is 1x10e-2. 100 M sat is 1. If 1 herpcoin = 100 derptoshi then 1 M herpcoin @ 001 derptoshi = 0.01 derpcoin, 1 M herpcoin @ 100 derptoshi = 1.00 derpcoin Post Scarcity Economics thread https://bitcointalk.org/index.php?topic=3773185 |
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zerodrama
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January 01, 2014, 07:35:26 PM |
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Yes ! The 2 week retarget is guaranteed to kill this coin if it ever becomes profitable, due to multipools. This needs to be fixed immediately.
CATcoin is a BTCclone. 2 week retarget stays. Adapt. |
EASY CALCULATION FOR TRADES: 1 Million is 1x10e6. 1 Satoshi is 1x10e-8. 1 M sat is 1x10e-2. 100 M sat is 1. If 1 herpcoin = 100 derptoshi then 1 M herpcoin @ 001 derptoshi = 0.01 derpcoin, 1 M herpcoin @ 100 derptoshi = 1.00 derpcoin Post Scarcity Economics thread https://bitcointalk.org/index.php?topic=3773185 |
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Nullu
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January 01, 2014, 07:35:41 PM |
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Well, as long running the pool is a business I can follow you. But ours are all 0% fee and just some miners donate. But Im willing to help that coin, so if I lower the min. conformations and back it up with my own coins. So what min conf. are be talking about ? 50 ? 60 ? How can we pool operators change the min. confirmation withour risking our own coins ?
Change it in the source of the coin, then its perfect. 120 confirmations is to much.
1. No. 2. No. 3. It would not be a bitcoin clone. 4. The blocks would be less safe. 5. You are a pool operator. 6. You are a business. 7. Adapt. 8. Keep a reserve. 9. Stick your neck out for your users. 10. Have some balls. Many pools already do this. The coin has to have 120 to be safe. It would be idiotic to change the coin safety, because people are too weak to take risks. I have already donated coins to pools that do this. If you don't want risk, go to the back of the bus. "Why should we risk our own coins?" Whine, whine, whine. If you're thinking short term, then you haven't got a clue how this works. If I had the money to pay for servers, I would run pools myself. I think 60 is what's being quoted. If you do find yourself losing more coins than you deem profitable to run your pool, you could always offset it by increasing the confirms slightly, or with a very small pool fee to cover the loss. There should be a balance that both miners and you as a pool owner should find mutually beneficial. |
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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FranceGuy1
Newbie
Offline
Activity: 28
Merit: 0
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January 01, 2014, 07:38:24 PM |
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Yes ! The 2 week retarget is guaranteed to kill this coin if it ever becomes profitable, due to multipools. This needs to be fixed immediately.
CATcoin is a BTCclone. 2 week retarget stays. Adapt. Except its scrypt not sha. It will die. Multipools will increase the difficulty to horribly unprofitable levels and dump it. You have been warned, keep being a moron though if you want it to die 100%. |
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kalus
Sr. Member
Offline
Activity: 420
Merit: 263
let's make a deal.
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January 01, 2014, 07:43:23 PM |
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Except its scrypt not sha. It will die. Multipools will increase the difficulty to horribly unprofitable levels and dump it. You have been warned, keep being a moron though if you want it to die 100%.
SO 1. mine, but not too much 2. you do not mine. 3. manipulating the currency upwards is ok, just not downwards. 4. making money by hoarding the currency is acceptable to you, but making money by mining currency is unacceptable, even though the coin is designed from the ground up to be mined. |
DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
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zerodrama
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January 01, 2014, 07:44:20 PM |
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Yes ! The 2 week retarget is guaranteed to kill this coin if it ever becomes profitable, due to multipools. This needs to be fixed immediately.
CATcoin is a BTCclone. 2 week retarget stays. Adapt. Except its scrypt not sha. It will die. Multipools will increase the difficulty to horribly unprofitable levels and dump it. You have been warned, keep being a moron though if you want it to die 100%. If it were sha it would be dead already. Adapt. |
EASY CALCULATION FOR TRADES: 1 Million is 1x10e6. 1 Satoshi is 1x10e-8. 1 M sat is 1x10e-2. 100 M sat is 1. If 1 herpcoin = 100 derptoshi then 1 M herpcoin @ 001 derptoshi = 0.01 derpcoin, 1 M herpcoin @ 100 derptoshi = 1.00 derpcoin Post Scarcity Economics thread https://bitcointalk.org/index.php?topic=3773185 |
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Nullu
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January 01, 2014, 07:45:12 PM |
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Yes ! The 2 week retarget is guaranteed to kill this coin if it ever becomes profitable, due to multipools. This needs to be fixed immediately.
CATcoin is a BTCclone. 2 week retarget stays. Adapt. Except its scrypt not sha. It will die. Multipools will increase the difficulty to horribly unprofitable levels and dump it. You have been warned, keep being a moron though if you want it to die 100%. Why is a model that works for SHA-256 coins on multipools not applicable to Scrypt then? The only difference between them is the difficulty and the higher profitability of SHA-256, directly proportional to the difficulty of the coin, hashpower and the perceived market value. You're completely neglecting to point out that if the market price increases due to difficulty, then so does the profitability. This coin has a lot more going for it than all the other copycoins out there. Take away what makes this coin unique and it will be worthless. |
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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zerodrama
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January 01, 2014, 07:47:40 PM |
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Yes ! The 2 week retarget is guaranteed to kill this coin if it ever becomes profitable, due to multipools. This needs to be fixed immediately.
CATcoin is a BTCclone. 2 week retarget stays. Adapt. Except its scrypt not sha. It will die. Multipools will increase the difficulty to horribly unprofitable levels and dump it. You have been warned, keep being a moron though if you want it to die 100%. Why is a model that works for SHA-256 coins on multipools not applicable to Scrypt then? The only difference between them is the difficulty and the higher profitability of SHA-256, directly proportional to the difficulty of the coin, hashpower and the perceived market value. You're completely neglecting to point out that if the market price increases due to difficulty, then so does the profitability. This coin has a lot more going for it than all the other copycoins out there. Take away what makes this coin unique and it will be worthless. ^FUCKING THIS |
EASY CALCULATION FOR TRADES: 1 Million is 1x10e6. 1 Satoshi is 1x10e-8. 1 M sat is 1x10e-2. 100 M sat is 1. If 1 herpcoin = 100 derptoshi then 1 M herpcoin @ 001 derptoshi = 0.01 derpcoin, 1 M herpcoin @ 100 derptoshi = 1.00 derpcoin Post Scarcity Economics thread https://bitcointalk.org/index.php?topic=3773185 |
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Nullu
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January 01, 2014, 07:51:03 PM |
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You have to take it into context. There are investors and there are miners, buyers and sellers. If the market thinks the coin is more valuable, then the coin becomes more profitable for miners. The whole beauty of Catcoin is that it's basically Bitcoin for Scrypt. ASICs destroyed profitability for the little guy. At the moment Scrypt does not have that problem. For how long? Who knows. All I know is I'd like to be one of the early people who bought into this coin before it takes off. Every coin has highs and lows. I'm not going to be the one fooled by a Bulltrap and sell all my coins prematurely.
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BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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zerodrama
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January 01, 2014, 07:53:39 PM |
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You have to take it into context. There are investors and there are miners, buyers and sellers. If the market thinks the coin is more valuable, then the coin becomes more profitable for miners. The whole beauty of Catcoin is that it's basically Bitcoin for Scrypt. ASICs destroyed profitability for the little guy. At the moment Scrypt does not have that problem. For how long? Who knows. All I know is I'd like to be one of the early people who bought into this coin before it takes off. Every coin has highs and lows. I'm not going to be the one fooled by a Bulltrap and sell all my coins prematurely.
Profitability is one thing. Centralization in bitcoin and the friendliness toward the system it's supposed to replace. Those are serious issues. |
EASY CALCULATION FOR TRADES: 1 Million is 1x10e6. 1 Satoshi is 1x10e-8. 1 M sat is 1x10e-2. 100 M sat is 1. If 1 herpcoin = 100 derptoshi then 1 M herpcoin @ 001 derptoshi = 0.01 derpcoin, 1 M herpcoin @ 100 derptoshi = 1.00 derpcoin Post Scarcity Economics thread https://bitcointalk.org/index.php?topic=3773185 |
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Taxidermista
Legendary
Offline
Activity: 1147
Merit: 1001
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January 01, 2014, 07:56:09 PM |
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You have to take it into context. There are investors and there are miners, buyers and sellers. If the market thinks the coin is more valuable, then the coin becomes more profitable for miners. The whole beauty of Catcoin is that it's basically Bitcoin for Scrypt. ASICs destroyed profitability for the little guy. At the moment Scrypt does not have that problem. For how long? Who knows. All I know is I'd like to be one of the early people who bought into this coin before it takes off. Every coin has highs and lows. I'm not going to be the one fooled by a Bulltrap and sell all my coins prematurely.
Beartrap, not bulltrap. |
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kuroman
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January 01, 2014, 07:56:38 PM |
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GIVE AWAY!! FIVE CATs FOR ONE LUCKY WINNER (I don't have much coins) 5 Cats (FIVE CATs) For ONE lucky winner!-How to enter, post here the reason why you love catcoin with a cat MEME (you can either writte the reason in your reply and post a funny meme or make a meme that includes the reason, it's up to you!) -The Winner will be decided from the FIRST 20 posts that respect the rule above, I will use a random number generator to decide the winner so it will be fair (from 1 to 20) Good luck and have fun guys ! Impress me with your memes! (it's easy and it doesn't require much; just a comment + a cat meme) I would like to thank the person who donnated to me some cats, I rised the give away and it will be one of many so if you don't win now you'll have a chance to win next time  The bounty increased 5x due to the quality of entries! Edit : Only one entry per person is registresed, but you can post more meme if you want, spread the catness! and make people smile I know that there is a serious conversation going on and I apology for interepting but I would like to take this opportunity to say that this small giveaway is still going on |
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Nullu
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January 01, 2014, 07:58:34 PM |
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You have to take it into context. There are investors and there are miners, buyers and sellers. If the market thinks the coin is more valuable, then the coin becomes more profitable for miners. The whole beauty of Catcoin is that it's basically Bitcoin for Scrypt. ASICs destroyed profitability for the little guy. At the moment Scrypt does not have that problem. For how long? Who knows. All I know is I'd like to be one of the early people who bought into this coin before it takes off. Every coin has highs and lows. I'm not going to be the one fooled by a Bulltrap and sell all my coins prematurely.
Profitability is one thing. Centralization in bitcoin and the friendliness toward the system it's supposed to replace. Those are serious issues. These are problems facing all of cryptocurrency. I'm all in favour of debating the pros/cons of a coin's inherent designs, but it's so early to judge what's going to happen that to make drastic changes now could severely damage any chance the coin has of success. I predict that after the next difficulty adjustment we'll see prices closer to 0.0015 on the markets, as there will be less early adopters of the currency still holding large sums of coins. The coin has an active community and isn't being buried under pages like a lot of other alts that still get mined. Once the profitability goes up again we should see an increase in hash power again, and hopefully a much fairer market. Also if pools begin to adopt this lower confirmation rate, then it can only be good for the coin. You have to take it into context. There are investors and there are miners, buyers and sellers. If the market thinks the coin is more valuable, then the coin becomes more profitable for miners. The whole beauty of Catcoin is that it's basically Bitcoin for Scrypt. ASICs destroyed profitability for the little guy. At the moment Scrypt does not have that problem. For how long? Who knows. All I know is I'd like to be one of the early people who bought into this coin before it takes off. Every coin has highs and lows. I'm not going to be the one fooled by a Bulltrap and sell all my coins prematurely.
Beartrap, not bulltrap. Whoops. Had the concept right. Wrong animal. |
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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Mikellev
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January 01, 2014, 08:02:41 PM |
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http://cat.poolerino.com will lower the confirmations to 60 tonight.
Also if pools begin to adopt this lower confirmation rate, then it can only be good for the coin.
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Mikellev
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January 01, 2014, 08:04:17 PM |
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And it would be VERY NICE if the OP could list us, 0% fee, PROP - 60 confirmations thank you http://cat.poolerino.com will lower the confirmations to 60 tonight.
Also if pools begin to adopt this lower confirmation rate, then it can only be good for the coin.
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