alot of people are mining MTC were we missing something

[HectorVT]

MTC network is growing, maintaining good hashrates, where did that extra 10000 khash came from the last hour are you guys on the forum?

Marinecoin to the moon

[monica87]

I just bought the domain setting up a pool www.weminemtc.com should be up and running in a few hours

biggest pool now is mtc.coinminerpool.com

[HectorVT]

We will post when this pool is operational good pool domain name by the way I like it

[monica87]

waiting for the dns update

[HectorVT]

I sold my house lost it on LTC what have I got to lose go MTC be my saviour

[MisO69]

You two should just get married. 

[monica87]

  we will marry @ marinecoin city and have all fellow marinecoiner's as guests at our wedding which will cost 100 MTC about 100.000 in USD 

[Vivisector999]

Yep samysamy1 you are correct, you have to have your client open in order to gain PoS blocks. 

I do like the weird wacky concept behind this coin, and its cult like mentality.  Also like the idea they want to build a city ect.

But what I don't like is the 97.2% premine, and leaving the remaining 2.8% to be mined at a stable rate for the next 1000 years.  This means if the coin was actually worth $5.50 US after the first year, the miners would have 0.0028% of the coins, and the devs would have 97.2% of the coins, making them the richest people in the world.  I don't think they have thought things through, which is why I'm not buying into this one.

[samysamy1]

No need to run any client in marinecoin the system is centralised in that way,  that's why it is pre allocated for future generations to reward the users without any client requirement whatsoever, these running clients etc are unrealistic for general population to adapt that's why we have chosen this method, no body is going to check if their client is running everyday to earn interest

But you still have to mine, so again you would be using computer power.

And if it was 'real' interest than I wouldn't be interested anyway 

So sorry no thank you I'm not buying into this creepy program.

[Vivisector999]

SamySamy1.

Their coin is different in that they don't have to mine.  They have premined 97.2% of all the coins, and have a centralized bank like system.  They will then pay out interest on the coins you have.  Much different than PoS. 

If you read into their info, they are essentially trying to get rich enough to purchase an island or something and build a city on it.  Then form their own government on that island, and the only currency used on the island would be their coins.  They would also bring in money from the tourist industry, as people would be coming to the island for vacations ect.

It's definitely a new concept anyways.  I will give them that.

I wish them the best of luck, but I don't think I will be mining this one.

[orco#2]

Reported to authorities.