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Author Topic: [ANN] microCoin MRC - alcurEX - Scrypt-Jane - nFactor  (Read 373690 times)
halibit
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January 27, 2014, 08:23:55 PM
 #1841

Has anyone any information on the "Share above target" issue at the moment?

From what I gather its a StartT setting that needs setting, but in the GPU and CPU miners supplied in the OP for Linux there is no "--StartT" argument?
StartT is already in sourcecode. (in scrypt.c file)
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1547993837
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Arturro333
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January 27, 2014, 08:32:53 PM
 #1842

Micro wallet crashing. I cannot run it!

Windows 7
bricema
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January 27, 2014, 10:03:42 PM
 #1843

added all nodes, still can't sync...
Mr.V
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January 27, 2014, 10:45:34 PM
 #1844

looks like we're no longer a secret. hashes are starting to jump!

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Mr.V
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January 27, 2014, 11:26:56 PM
Last edit: January 27, 2014, 11:38:57 PM by Mr.V
 #1845

29ltc buy wall at 0.00000078 poloniex and good support after that! How low do you think it will be dumped to just trying to gage my buy price?

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halibit
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January 27, 2014, 11:43:53 PM
 #1846

Micro wallet crashing. I cannot run it!

Windows 7
Check your log. There you see why.
Usually because you have error in your config file.
xocel
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January 27, 2014, 11:59:02 PM
 #1847

Quote
microCoin aims to be a deflationary currency for investors

Quote
310,000+ Block rewards counts down by 0.01 until the block reward is 1000.
When the block reward is 1000, it will stay as that.

Perhaps I missed something, but how is this coin deflationary? If the block reward never reaches 0, as it stops at a 1000, then at least 1000 coins need to be lost each block, otherwise supply increases causing inflation.. Unless, you have some sort of master plan to ensure demand increases at a very steady and consistent rate to match the supply increase, then this coin will suffer from inflation.

If you want it to truly be a deflationary currency, the block reward must end at 0. This means total supply cant increase as its fixed, but it can decrease due to losing access to wallets etc. supply dropping or demand increasing will result in the price climbing.

As it stands supply will always increase, If demand stays the same the coin devalues. If demand drops, the coin devalues. You are completely relying on demand increasing, which is out of your control.

My advice, there's no room in the future for inflationary currencies. So aiming for deflation is the right move, however what you have here isn't going to be deflationary.. You need to make sure the block reward drops to 0 and then stays there.

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January 28, 2014, 12:03:05 AM
 #1848

Quote
microCoin aims to be a deflationary currency for investors

Quote
310,000+ Block rewards counts down by 0.01 until the block reward is 1000.
When the block reward is 1000, it will stay as that.

Perhaps I missed something, but how is this coin deflationary? If the block reward never reaches 0, as it stops at a 1000, then at least 1000 coins need to be lost each block, otherwise supply increases causing inflation.. Unless, you have some sort of master plan to ensure demand increases at a very steady and consistent rate to match the supply increase, then this coin will suffer from inflation.

If you want it to truly be a deflationary currency, the block reward must end at 0. This means total supply cant increase as its fixed, but it can decrease due to losing access to wallets etc. supply dropping or demand increasing will result in the price climbing.

As it stands supply will always increase, If demand stays the same the coin devalues. If demand drops, the coin devalues. You are completely relying on demand increasing, which is out of your control.

My advice, there's no room in the future for inflationary currencies. So aiming for deflation is the right move, however what you have here isn't going to be deflationary.. You need to make sure the block reward drops to 0 and then stays there.
If I looking code.. reward will be 0 when Max moneysupply: 100,000,000,000 MRC is reached.
Mr.V
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January 28, 2014, 12:23:47 AM
 #1849

Quote
microCoin aims to be a deflationary currency for investors

Quote
310,000+ Block rewards counts down by 0.01 until the block reward is 1000.
When the block reward is 1000, it will stay as that.

Perhaps I missed something, but how is this coin deflationary? If the block reward never reaches 0, as it stops at a 1000, then at least 1000 coins need to be lost each block, otherwise supply increases causing inflation.. Unless, you have some sort of master plan to ensure demand increases at a very steady and consistent rate to match the supply increase, then this coin will suffer from inflation.

If you want it to truly be a deflationary currency, the block reward must end at 0. This means total supply cant increase as its fixed, but it can decrease due to losing access to wallets etc. supply dropping or demand increasing will result in the price climbing.

As it stands supply will always increase, If demand stays the same the coin devalues. If demand drops, the coin devalues. You are completely relying on demand increasing, which is out of your control.

My advice, there's no room in the future for inflationary currencies. So aiming for deflation is the right move, however what you have here isn't going to be deflationary.. You need to make sure the block reward drops to 0 and then stays there.
I believe the parameters will be changed in the future they said they might change some things.. they defiantly need to change the POS to make it like a week to stake instead of a year. Hopefuly this can be the peercoin of scrypt

BTC:1NwEE7C2hVLSNGwSrFvsYgTrKddCvfhRwY
r0ach
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January 28, 2014, 12:56:48 AM
Last edit: January 28, 2014, 01:21:58 AM by r0ach
 #1850


Perhaps I missed something, but how is this coin deflationary? If the block reward never reaches 0, as it stops at a 1000, then at least 1000 coins need to be lost each block, otherwise supply increases causing inflation.. Unless, you have some sort of master plan to ensure demand increases at a very steady and consistent rate to match the supply increase, then this coin will suffer from inflation.

If you want it to truly be a deflationary currency, the block reward must end at 0. This means total supply cant increase as its fixed, but it can decrease due to losing access to wallets etc. supply dropping or demand increasing will result in the price climbing.

As it stands supply will always increase, If demand stays the same the coin devalues. If demand drops, the coin devalues. You are completely relying on demand increasing, which is out of your control.

My advice, there's no room in the future for inflationary currencies. So aiming for deflation is the right move, however what you have here isn't going to be deflationary.. You need to make sure the block reward drops to 0 and then stays there.

You are kind of missing something.  With a 1000 block reward, inflation rate would be under 1% per year.  The amount of coins lost from people losing passwords, dying, or having coins unrecoverable somehow will probably outweigh that number, maybe even by a large margin.  It's entirely possible, or maybe even probable, that the currency would remain deflationary.  At the very worst, it would be neutral.

Coins that have 0% inflation, or no block reward at all, that rely solely on transaction fees to incentivize miners to keep the block chain up, might not even be valid in the long run.

It is my professional opinion, this coin is about as perfect as it gets in regard to late game block reward and inflation/deflation.  You have to incentivize miners with something to keep the block chain up, running, and secure after all.

In terms of economic theory, the entire purpose of money is a transaction unit.  If at all possible, one should probably be aiming for that to be a constant, not inflationary OR deflationary.  Deflationary isn't without negatives, such as loss of liquidity and hording.  If you can make money entirely by hording, there's no incentive for investment in industry.  Let's not forget that more gold is brought into the market each year through mining as well, and it still remains deflationary.

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Mr.V
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January 28, 2014, 12:59:22 AM
 #1851

does that mean all coins will be mined in 8 years? 1% inflation is not bad better then U.S. dollar haha

BTC:1NwEE7C2hVLSNGwSrFvsYgTrKddCvfhRwY
tygarbyte
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January 28, 2014, 01:34:14 AM
 #1852

looks like we're no longer a secret. hashes are starting to jump!

omg my hashrate dropped by more then 50%.

I mine therefor I am Smiley - WIN : WcLLYcZfHQAMMVwiaAtMECZQh1YfCPw88g
darthburnstuff
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January 28, 2014, 01:35:50 AM
 #1853

looks like we're no longer a secret. hashes are starting to jump!

omg my hashrate dropped by more then 50%.

Same  Undecided
Nanolucas
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January 28, 2014, 02:13:20 AM
 #1854

Sorry for the late inactivity, but we have been busy with work on our future announcement. Rest assured microCoin is still going. The current policy is that we will be keeping a somewhat low profile for a while and do more promotion for microCoin later after our future announcement. Consider this a good chance to get some easy microCoin.

Logo contest has finally ended! The new logo has been chosen and the winner will still be making some changes to the alternative logo, but the primary logo should be finished, website will be up soon:

http://i.imgur.com/Ekd4fZh.png

http://i.imgur.com/XCosZZz.png

I thought you said there would be a vote at the end of the competition to gauge interest?

It's a shame, because I thought some of the other designs were much more unique, pretty and usable for purposes of advertising and brand recognition.

Everytime I look at that one I read the word "CUP" for some reason.
Mr.V
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January 28, 2014, 02:15:25 AM
 #1855

looks like we're no longer a secret. hashes are starting to jump!

omg my hashrate dropped by more then 50%.

yah my hash droped 45% its almost starting to look like im mining regular scrypt coins now

BTC:1NwEE7C2hVLSNGwSrFvsYgTrKddCvfhRwY
tygarbyte
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January 28, 2014, 02:58:01 AM
 #1856

looks like no more give away threads to promote coins on this forum now, have to come up with a new song and dance.  Grin

I mine therefor I am Smiley - WIN : WcLLYcZfHQAMMVwiaAtMECZQh1YfCPw88g
klaus455
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January 28, 2014, 03:34:21 AM
 #1857

looks like we're no longer a secret. hashes are starting to jump!

omg my hashrate dropped by more then 50%.
look up

About microCoin
microCoin uses scrypt-jane POW/POS mining with modified nFactor.
With the modified nFactor the coin will keep decreasing in GPU mining power
GPU mining power will slowly decrease and GPU mining will become a lot slower than it was during the start.
This period of mining overall helps close the gap between CPU and GPU mining, resulting in more profitable and fair mining rewards for CPU miners also.
GPU mining will still always be faster than CPU mining, but the modified nFactor will give microCoin more long-term scarcity and value.
Arturro333
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January 28, 2014, 08:37:52 AM
 #1858

I still cannot run a client. Error loggs say:

Name of misapplication: microCoin.exe, version: 0.7.2.0, time stamp: 0x52cd20e7
Name of the faulty module: microCoin.exe, version: 0.7.2.0, time stamp: 0x52cd20e7
Exception code: 0xc000001d
Error Offset: 0x000ef05c
ID of the faulty process: 0x1c3c
Start time of misapplication: 0x01cf1c0342ce7e4b
vovan115
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January 28, 2014, 08:43:51 AM
 #1859

 Help -   Huh

                             Gigabyte - 7950 - 750 - 800 kh/s -  Huh

microCoinminer.exe -o stratum+tcp://micro.minersbest.com:10466 -u xxx.1 -p xxx --scrypt --Nfmin 8 --Nfmax 30 --StartT
1390784891 --queue 0 --scan-time 2 --expiry 4 --gpu-engine 1150 --gpu-memclock 1500 --gpu-fan 60 --thread-concurrency 25984 -I 20


  

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January 28, 2014, 08:53:18 AM
 #1860

Help -   Huh

                             Gigabyte - 7950 - 750 - 800 kh/s -  Huh

microCoinminer.exe -o stratum+tcp://micro.minersbest.com:10466 -u xxx.1 -p xxx --scrypt --Nfmin 8 --Nfmax 30 --StartT
1390784891 --queue 0 --scan-time 2 --expiry 4 --gpu-engine 1150 --gpu-memclock 1500 --gpu-fan 60 --thread-concurrency 25984 -I 20


StartT parameter is wrong. --StartT 1389028879
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