[ANN][NYAN] NyanCoin - ★★★THE FIRST OFFICIALLY LICENCED CRYPTOCURRENCY!★★★

[Simcom]

790 transactions later, I get a node charge of 0.10 NYAN. Why all of a sudden?

It has to do with how many "chunks" of coin need to be sent to make up the final amount.  Here's something I found that explains it:

Sending coins in more detail.
If you received 50 coins in one transaction and would like to spend these coins, one of two things will happen: If you send exactly 50 coins, all of them will be sent in one "chunk." If you send less than fifty coins, then your client will create two transactions: one to send and one for "change." Example: I have 50 coins, and I want to send 10. My client will send the 10 coins to the receiving address, and then (behind the scenes) create a new receiving address in my own wallet and send the rest (40) to it. This ends up looking like i just sent all of my 50 coins to two different addresses if you examine the blockchain. Since the 40 coins are still in an address in my wallet, my client stills show that I have 40 in my "grand total." Next Example: I belong to a mining pool and it will automatically send 5 coin payouts. Each payout ends up being a 5 coin chuck on my address. After a time I now have 100 coins! Now I want to send 50 to a friend. My client now has to combine enough chunks to equal 50 coins. It takes 10 of those 5 coin chucks and cryptographically signs them to my friends receiving address.
Transaction Fees. Why?
When many chucks have to be combined like in the example above, it creates a large transaction that has to be written and hashed into the blockchian. Even if you send a total of 1 coin, it takes more space on the blockchain to send a transaction using one hundred 0.01 chucnks than it does to send a single chunk that has 1 (or more coins) in it. To help offset the large (many chunk) transactions, fees are enforced for transactions over a certain kilobyte limit.

[Codge]

790 transactions later, I get a node charge of 0.10 NYAN. Why all of a sudden?

It has to do with how many "chunks" of coin need to be sent to make up the final amount.  Here's something I found that explains it:

Sending coins in more detail.
If you received 50 coins in one transaction and would like to spend these coins, one of two things will happen: If you send exactly 50 coins, all of them will be sent in one "chunk." If you send less than fifty coins, then your client will create two transactions: one to send and one for "change." Example: I have 50 coins, and I want to send 10. My client will send the 10 coins to the receiving address, and then (behind the scenes) create a new receiving address in my own wallet and send the rest (40) to it. This ends up looking like i just sent all of my 50 coins to two different addresses if you examine the blockchain. Since the 40 coins are still in an address in my wallet, my client stills show that I have 40 in my "grand total." Next Example: I belong to a mining pool and it will automatically send 5 coin payouts. Each payout ends up being a 5 coin chuck on my address. After a time I now have 100 coins! Now I want to send 50 to a friend. My client now has to combine enough chunks to equal 50 coins. It takes 10 of those 5 coin chucks and cryptographically signs them to my friends receiving address.
Transaction Fees. Why?
When many chucks have to be combined like in the example above, it creates a large transaction that has to be written and hashed into the blockchian. Even if you send a total of 1 coin, it takes more space on the blockchain to send a transaction using one hundred 0.01 chucnks than it does to send a single chunk that has 1 (or more coins) in it. To help offset the large (many chunk) transactions, fees are enforced for transactions over a certain kilobyte limit.

Ahh, well that explains it. Thanks 

[MR1200]

NEW POOL: WWW.NYANMINE.COM

Features:
VARDIFF
Prop. Payout System
Pool Fee: 1%
Min. Automatic Payout: 50
Confirmations: 45

HAPPY MINING! 

[Simcom]

NEW POOL: WWW.NYANMINE.COM

Features:
VARDIFF
Prop. Payout System
Pool Fee: 1%
Min. Automatic Payout: 50
Confirmations: 45

HAPPY MINING! 

Excellent!  I will add it to the sidebar on reddit!

[nitrominer77]

Fellow shibe here, great work guys. Look forward to this taking off. Poptart kitties and shibe's to the moon and back.

[Efitzhenry]

OK............ Finally up!








http://NYAN.scryptcraft.com




Come get you some NYANS! spread us some hashpower =)

[Codge]

The amount of content being generated on http://www.reddit.com/r/nyancoins/comments/1w819y/create_nyancoin_original_content_and_get_tipped/ is simply astonishing... I've donated to almost every photo. I really encourage anyone with artistic ability to make some artwork. You will be compensated in NYAN. 

[Vinculin]

I like the mascot pointing my hashpower in

[overseerio]

Hey guys, I'm taking http://nyancha.in down for ~10 minutes to upgrade the server -- don't panic!

[atheistftwins]

18 hours ago, we just broke 100 subscribers to the reddit page. Now we are past 180. These things tend to be somewhat exponential as friends tell their friends about the coins they have. Very possible we'll be in the four digits by the end of the week!

[Vinculin]

just wonder are there any NYAN/BTC exchange websites at the moment?

[overseerio]

Hey guys, I'm taking http://nyancha.in down for ~10 minutes to upgrade the server -- don't panic!

Okay it's back up :3

[muhhentuhhen]

i minig here: http://nyan.steadymining.com/

why dont add at first post?

I am mining there to, it needs to be added to the OP.

Devs made a mistake the links got fixed awhile ago, they already posted explaining.

why are you faking the link? it's http://rapid-miner.net
can someone confirm it's not java-drive-by?

Don't allow java to run unless you are sure that site is 100% actually mining site and it wont RAT or Keylog you.

[atheistftwins]

just wonder are there any NYAN/BTC exchange websites at the moment?

We are hesitating on getting NYAN onto an exchange right now. I'm sure if we wanted to, it'd be a piece of cake, we have no baggage preventing us and a decent hash comparable to many already listed coins. However, what we want is a powerful community and support as well as media attention before we get it on the exchange.

If we immediately push for an exchange, then it just becomes another pump and dump. If we get people together and have lots of people waiting to buy, then value will soar and be sustainable (the path DOGE took). NYAN will not be a pump and dump coin, it doesn't matter if it takes a month, we will wait to put it on a big exchange when the coin is ready, no sooner.

[bazilko]

Hello everyone!

Nyan Lottery Game has been updated: new look, support system and more stability.

Link: http://2chco.ru/nyanlot
main domain is nyanlot[.]tk but forum system saids that it's suspicious lol
Welcome!

[Simcom]

I emailed cryptsy a few days ago to see if it was on their radar of coins that might soon be added.  TODAY I GOT A REPLY

Thank you for your coin suggestion.
I have added it to the list of coins to be reviewed for addition to he Cryptsy exchange!

Sincerely,
Jim
Cryptsy.com

Go over to cryptsy - can you see this ticket?

https://cryptsy.freshdesk.com/support/tickets/77192

Post comments on the ticket to show your support!!

[atheistftwins]

I emailed cryptsy a few days ago to see if it was on their radar of coins that might soon be added.  TODAY I GOT A REPLY

Thank you for your coin suggestion.
I have added it to the list of coins to be reviewed for addition to he Cryptsy exchange!

Sincerely,
Jim
Cryptsy.com

Go over to cryptsy - can you see this ticket?

https://cryptsy.freshdesk.com/support/tickets/77192

Post comments on the ticket to show your support!!

We might be a bit early for Cryptsy. I am hesitant to push it onto an exchange right now, we're not quite ready. The last post from the devs echo'd this thought. Please consider having the community be a bit larger and more established (and for hash to go at least to 1GH/s) before we really make a move for cryptsy.

[chuuddo]

https://cryptsy.freshdesk.com/support/discussions/topics/74173
voted here!

[Vinculin]

just wonder are there any NYAN/BTC exchange websites at the moment?

We are hesitating on getting NYAN onto an exchange right now. I'm sure if we wanted to, it'd be a piece of cake, we have no baggage preventing us and a decent hash comparable to many already listed coins. However, what we want is a powerful community and support as well as media attention before we get it on the exchange.

If we immediately push for an exchange, then it just becomes another pump and dump. If we get people together and have lots of people waiting to buy, then value will soar and be sustainable (the path DOGE took). NYAN will not be a pump and dump coin, it doesn't matter if it takes a month, we will wait to put it on a big exchange when the coin is ready, no sooner.

Thanks You are right we still have low total hashrate compared to other established coins. Of course, as part of the community i also dun want to see NYAN being another pump-and-dump coin like MOON and TIPS.

[Efitzhenry]

We could use a bit more hashpower. Those other pools are to the moon already =) Help us NYAN to the moon!


http://NYAN.scryptcraft.com



http://NYAN.scryptcraft.com