[ANN] microCoin MRC - alcurEX - Scrypt-Jane - nFactor

[Thirtybird]

Whats the word on algo change?

Why change something that's not broken?

X11 may be the current hot topic, but high NFactor coins are going to be minable on your GPUs much longer than X11.  One of the design principals of every algorithm in X11 is that it is easily parrallizable for hardware implementation (reference http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf ) - what kind of hash rate an algorithm has doesn't really matter since everyone has to use the same algorithm.  If it's high, then the network hashrate is just high - if everyone's is low, the whole network has a low hashrate, and the difficulty adjusts to keep the blocktimes within the target time.

As the NFactor goes up on MRC, the GPUs become memory limited and power consumption and heat go down as it spends more time doing memory operations than computations.  The other thing is that the hardware for mining high NFactor coins effectively is significantly less expensive than the hardware to mine X11, and additionally, CPU's can be used fairly effectively too (watt for watt they aren't there yet, but maybe at NF=16)

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[bittick]

Whats the word on algo change?

Why change something that's not broken?

X11 may be the current hot topic, but high NFactor coins are going to be minable on your GPUs much longer than X11.  One of the design principals of every algorithm in X11 is that it is easily parrallizable for hardware implementation (reference http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf ) - what kind of hash rate an algorithm has doesn't really matter since everyone has to use the same algorithm.  If it's high, then the network hashrate is just high - if everyone's is low, the whole network has a low hashrate, and the difficulty adjusts to keep the blocktimes within the target time.

As the NFactor goes up on MRC, the GPUs become memory limited and power consumption and heat go down as it spends more time doing memory operations than computations.  The other thing is that the hardware for mining high NFactor coins effectively is significantly less expensive than the hardware to mine X11, and additionally, CPU's can be used fairly effectively too (watt for watt they aren't there yet, but maybe at NF=16)

NFactor is old news if you are not developing services around the coin.
MRC has nothing going for it for nearly a year now... everybody was waiting for the damn alcurex. the ugliest exchange I have ever seen. and that changed nothing.

something needs to change.

change to X13, add anon, PoS, a few webstores, multipools and the price will increase

[randywald]

X13: There are about (i guess) 10 miners and they don't care about it; if X13 becomes mainstream, X13 coins will be the next asic-destroyed coins

Anon: Not needed and not wanted for serious transactions (therefore special anon coins should be used); I also think that anon coins will not be well accepted in stores because people think they are for illegal things (maybe i'm wrong, but it's my opinion)

POS: Okay, that could be useful

Webstores: I think we first need more market cap which we need to gain through MRC market on alcurEX (devs need to add more coins!)

Multipools: Can you explain the advantages of that and how multipools can be used?

alcurEX: It's not ugly in my eyes and it has more functions than many other exchanges

[bitcodo]

From nut2pools

Due to lack of miners, development and supporters we regret to inform you that this pool is now closed. Please cash out your coins immediately. I will run a full payout to all accounts that have addresses specified. Those that don't should add an address ASAP as the site, DB and wallets will be deleted very soon. Sorry for the inconvenience, Nut

Just 2 pools left, only one decent 

[KickAzzDude]

Alcurex ugliest exchange? Guess you never been on coinedup or poloniex

[randywald]

Not so good that nutnut closed the pool. What can we do? Are devs not mining? I really want to support the network but i can't add more hashpower due to high electricity costs.

bitcodo: You said there are 2 pools left. I only know about blocksolved, what is the second one?


Maybe there are some people they don't know how to mine this coin?

If somebody wants to mine - here's my instruction (maybe someone can make it better and more detailed?):

you should have a pc / mining rig with at least one amd graphics card and windows 7 or 8; 8 GB of RAM is recommended
you need to set environment variables to achive high gpu ram usage - setx commands never worked properly for me, so please do it like i tell you below:

go to system properties -> advanced -> environment variables (i hope this is correct; i have german windows system)

like this: http://www.itechtalk.com/thread3595.html

you need to set a new system variable and not user variable

variable name: GPU_MAX_ALLOC_PERCENT
variable value: 100

don't use setx commands in your batch file, this is not needed!

then use yacminer https://github.com/Thirtybird/YACMiner/releases

and generate the settings for your graphics card(s) and n-factor here: http://www.ultracoin.net/configgen_raw.html
-> change startT to: --StartT 1389028879

you can use this pool for mining (second pool needs to be added):

http://mrc.blocksolved.com/
http://mrc.blocksolved.com/index.php?page=gettingstarted


I did this within a few minutes, maybe someone can check if it's ok

[bitcodo]

Not so good that nutnut closed the pool. What can we do? Are devs not mining? I really want to support the network but i can't add more hashpower due to high electricity costs.

bitcodo: You said there are 2 pools left. I only know about blocksolved, what is the second one?

coinsprofit, but is inactive for many weeks. So yes, actualy just blocksolved.


Halibit is not mining today, but when he does, he has a bit more than 10 KH/s. It is just you, anonymous and mitko.  

Maybe there are some people they don't know how to mine this coin?

If somebody wants to mine - here's my instruction (maybe someone can make it better and more detailed?):

you should have a pc / mining rig with at least one amd graphics card and windows 7 or 8; 8 GB of RAM is recommended
you need to set environment variables to achive high gpu ram usage - setx commands never worked properly for me, so please do it like i tell you below:

go to system properties -> advanced -> environment variables (i hope this is correct; i have german windows system)

like this: http://www.itechtalk.com/thread3595.html

you need to set a new system variable and not user variable

variable name: GPU_MAX_ALLOC_PERCENT
variable value: 100

don't use setx commands in your batch file, this is not needed!

then use yacminer https://github.com/Thirtybird/YACMiner/releases

and generate the settings for your graphics card(s) and n-factor here: http://www.ultracoin.net/configgen_raw.html
-> change startT to: --StartT 1389028879

you can use this pool for mining (second pool needs to be added):

http://mrc.blocksolved.com/
http://mrc.blocksolved.com/index.php?page=gettingstarted


I did this within a few minutes, maybe someone can check if it's ok

I'll just add link to [ANN] YACMiner - AMD GPU miner for Scrypt-Chacha, N-Scrypt, and Scrypt coins

[randywald]

Thank you bitcodo.

Maybe devs should place detailed mining information on:
http://microcoin.alcurex.info/pools/

Or is someone still mining with microcoinminer (every n-factor change i had problems with the thread concurrency )

[Nutnut]

From nut2pools

Due to lack of miners, development and supporters we regret to inform you that this pool is now closed. Please cash out your coins immediately. I will run a full payout to all accounts that have addresses specified. Those that don't should add an address ASAP as the site, DB and wallets will be deleted very soon. Sorry for the inconvenience, Nut

Just 2 pools left, only one decent 

Yeah, sorry guys but a quick look around shows about 5 miners which isn't enough to sustain the network effectively and the pool definitely isn't covering costs. I would be inclined to leave it running but the daemon constantly runs 1 core of our processors at 100% so chews through valuable resources too (Before anyone says our processors must be weak, we run dual E5-2687 v2 in our boxes).

Could everyone please ensure they cashout ASAP? There are a LOT of coins payable to users that have not entered a payout address...

Thanks and Sorry

Nut.

[randywald]

I just want to mention that the block explorer ist not working anymore .

[smalltimer]

community needs to support it. New money is coming soon into the scene. Don't let it die so short before the finish-line. Coin has lot more traction than most. Just needs some updates maybe and some support.

Patience and persistance wins the day.

[pandas_talks]

community needs to support it. New money is coming soon into the scene. Don't let it die so short before the finish-line. Coin has lot more traction than most. Just needs some updates maybe and some support.

Patience and persistance wins the day.

what new money?

[Rednocker]

community needs to support it. New money is coming soon into the scene. Don't let it die so short before the finish-line. Coin has lot more traction than most. Just needs some updates maybe and some support.

Patience and persistance wins the day.

Hear the bagholder talk

R.I.P my little MRC. You were great, you were awesome, you were alone. Nobody to take care of you. Miners crumbling away. The dev(s) only focussing on something ridiculous as an exchange. Trying to survive in this evil place of alt battles and pump and dump.

R.I.P my little MRC, you well deserved it.

[randywald]

Guys,

i'm a big supporter since months. I'm mining in germany where power costs are really expensive! Why don't you mine, too? It's easy...

I know what halibit is doing. The first step is that more new coins will be added to MRC Market. Then he will start to improve the wallet, so that it starts faster and so on. There are not really much problems at all . You need to unterstand the coherences with alcurEX. But i also know that the network is not really secure at the moment as there are not enough miners.

So everybody talking here about "community needs to support it" -> you are the community and you can be strong! Compare it with other coins and you will see that most new coins are not of the quality microCoin is, so grab your pc and start mining, 1 graphics card per user is enough . Everybody here can help! It would already be supportive if you mine with 50 percent of your cpu.

pandas_talks: The new money will come from new coins that will be added to MRC Market soon. Halibit told me he already has a list of coins to be added soon. People will need to buy MRC before trading in MRC Market. That helps to get the price up. The work on alcurEX is really important for MicroCoin itself. So halibit decided to work on alcurEX first because microCoin has no big problems (expect the lack of miners and the long wallet start up time) at the moment.

Halibit, correct me if i'm wrong

Happy mining

[Little_boo]

I went today to mintpal ... and now I have a very bad mood. I Mining MRC from the first (unsuccessful) start. In my opinion coin died long ago, but I was hoping to start the exchange. But doing it for so long that by the time Starata MRC already died. And today just scored the final nails in the coffin.

To be honest, I do not understand why in 16 LTC arrange a drain, it's just a penny.

I do not hope that developed coins will do something. Has flowed so much time, and there was no movement and no.

Developers, please promptly added various new and interesting  coins in market with MRC on alcurex.com, only that can save MRC.

[smalltimer]

community needs to support it. New money is coming soon into the scene. Don't let it die so short before the finish-line. Coin has lot more traction than most. Just needs some updates maybe and some support.

Patience and persistance wins the day.

Hear the bagholder talk

R.I.P my little MRC. You were great, you were awesome, you were alone. Nobody to take care of you. Miners crumbling away. The dev(s) only focussing on something ridiculous as an exchange. Trying to survive in this evil place of alt battles and pump and dump.

R.I.P my little MRC, you well deserved it.

GTFO!

[randywald]

smalltimer: Just ignore that R.I.P. stories. We know, what we are doing here. Crypto is so new that it doesn't matter if value goes up today or in the future. Remember that bitcoin also needed it's time. In technical view, MRC beats Vertcoin (for example) easily. And all the new X11 anonymity coins are hyped too much in my view. They will not be needed for daily shopping transactions (maybe some people see it different).

Additionally, i would really be excited if you can start mining, too .


So, this is my support for today:

- added one HD 7950 to blocksolved.com
- installed new wallet on my mining rig -> wallet will keep running and is online all the time

P.S.

- in the new wallet i saw that the icon with the "m" is already changed to the new one .
- i will test the startup time when the wallet has finished syncing .

best regards,
randywald

[bitcodo]

Yes, randywald is a real supporter and believer.

My thoughts: Do you have a plan. I mean in one week N will be 14. Maybe somebody should do ''How to CPU mine microCoin''. Or maybe are you planing to include POS mining? I know you don't have time because alcurEX, but we realy need at least a simple blockexplorer. And maybe official mining pool - fees should go for promotions or like with worldcoin official pool for exchange fee shares.

[LemonAndFries]

I have no idea why I hold so many of these, I forgot about them and just found them again

 so tell me again why we should hold these coins?

p.s. I also hold stock in alcurex, so that's a plus right.. right??... riiiight...~

[randywald]

LemonAndFries: Look on alcurEX and navigate to MRC Market, there will be more coins in future, so don't sell all your coins now.

Bitcodo: There is a thread for microCoin mining settings: https://bitcointalk.org/index.php?topic=580144.0
I will add mining instructions for both cpu and gpu mining as soon as i have time.
You also asked for block explorer: Halibit told me that he installs block explorer on new server.

Halibit: When do you have time for microCoin again? Community wants:
- Proof Of Stake (POS)
- new mining pool (can you open a pool on alcurEX?)
- mining instructions (i will do that, but you also could add them on http://microcoin.alcurex.info/)
- block explorer (ok, you already said you are moving it to new server)
- check long wallet startup time (microCoin is so fast but wallet needs very long to start)
- maybe you should add important posts to the first page of this thread

I think that are the most important things to do in the next weeks. I will also be here to support mining at N14 if it works on my rig.

Halibit or MCR, please take you some time to tell me your plans. I can't implement POS or start a mining pool, but i can always give a little support and improvement suggestions here. Thank you.

best regards,
randywald