[POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦

[Khaoimon]

 many people do not want transactions with known retailers on their records.

http://www.nytimes.com/2014/02/02/technology/when-no-one-is-just-a-face-in-the-crowd.html?_r=0

We are all going to be Very Important People soon!

This is the beauty of crypto.  A face walking into a retailer on a traffic cam is proof that I went there.  But when you can link my bank account to thousands of dollars in purchases with a picture of me walking in, I could be in trouble if my government changes their stance--if all you have is me browsing a store, I'm somewhat fine.  While I don't think that will happen outright, lots and lots of people are going to want as much anonymity as possible.  This coin and bitcoin have huge potential in the next 50 years of our lives.  If you've spent a couple+ decades alive you've seen the evolution of technology.  Imagine the future.  We aren't talking flying cars, but we are talking HUGE technological changes to our daily lives.  Crypto is here to stay, in some evolved form, in my humble opinion--whether it is to fight for our rights against that technology or embrace it.  

If you consider regular credit card companies, the idea of a crypto network that is decentralized (even if controlled by them) provides a huge advancement in security.  Imagine visa processing transactions via crypto, with miners getting a percentage of their fee(or their own giant asic network ).  Private keys protecting customers rather than a string of 16 digits anyone swiping your card at a retailer can steal.  It would decrease their bottom line by reducing chargebacks, fraud, theft, etc.  The possibilities are huge for us or 'them'.

[1714210700]

1714210700

[1714210700]

1714210700

[1714210700]

1714210700

[1714210700]

1714210700

[1714210700]

1714210700

[mctaino]

Man there are people hashing at 35,000 kh/s what is going on here... smells like asic script mining

yesterday I said that someone was hashing at 35,000 today I wake up and now we have anonimous hashing at 85,382 KH/S.. Do you guys know how much power consumption that would be if it was a farm.  To me this is beyond a farm it has to be asic script mining. Even wit the best cards running each at 1300 Kh/s that would mean 70 + cards 15 motherboards who knows how many power supplies and lets talk power 290 per card thats like 20,500 Watts.  Freaking Cops are going to flyover thinking is a weed house LOL. This is insane

[narf]

Freaking Cops are going to flyover thinking is a weed house LOL. This is insane

it IS a grow house, for POT  

[davetheshrew]

Man there are people hashing at 35,000 kh/s what is going on here... smells like asic script mining

yesterday I said that someone was hashing at 35,000 today I wake up and now we have anonimous hashing at 85,382 KH/S.. Do you guys know how much power consumption that would be if it was a farm.  To me this is beyond a farm it has to be asic script mining. Even wit the best cards running each at 1300 Kh/s that would mean 70 + cards 15 motherboards who knows how many power supplies and lets talk power 290 per card thats like 20,500 Watts.  Freaking Cops are going to flyover thinking is a weed house LOL. This is insane

Probably BCX having some fun, he has over 500 mh/s at his disposal at any given time.

[Khaoimon]

Man there are people hashing at 35,000 kh/s what is going on here... smells like asic script mining

yesterday I said that someone was hashing at 35,000 today I wake up and now we have anonimous hashing at 85,382 KH/S.. Do you guys know how much power consumption that would be if it was a farm.  To me this is beyond a farm it has to be asic script mining. Even wit the best cards running each at 1300 Kh/s that would mean 70 + cards 15 motherboards who knows how many power supplies and lets talk power 290 per card thats like 20,500 Watts.  Freaking Cops are going to flyover thinking is a weed house LOL. This is insane

Scrypt asic are in production, though not for sale, yet.  I absolutely would be mining with my first test batches.  Run dummy tests, or make some money testing them?  In addition server farms that are meant to have graphics capabilities and are aware of crypto should definitely be pointing their machines at new coins.  I forget the name of the sites, but there are multiple where you can buy games to stream to your computer that can't handle high end games on ultra.  Have 1k computers, and only 700 of them in use?  What to do with the other 300?   Turn them off or make money?  People love to argue electricity costs but profit per day does not compute when considering new coins at low difficulty.  I've been paying my rent solely on that idea.  My avg coinwarz per day is $20 but playing the volume/new coin game I pass $1k a week often--sometimes much more, sometimes get stuck with worthless crap.  Can't imagine what I could do if I had a server farm that had graphics cards meant for streaming ultra setting games and was making money off both--and considering the hardware a business expense lol.

[AdamT]

An ASIC online at http://pot.criptoe.com?

[Khaoimon]

An ASIC online at http://pot.criptoe.com?

https://i.imgur.com/E0ZuluF.gif

What would you do with your prototypes? Obviously point them at the main scrypt coin that has potential!  Though if I was selling the 25mhz ones and had a batch, you would find me on multiple coins for diversification...take a look around and confirm However, it could be someone at the fab with the balls to sneak one out and not the companies selling them.

[ny2cafuse]

An ASIC online at http://pot.criptoe.com?

What would you do with your prototypes? Obviously point them at the main scrypt coin that has potential!  Though if I was selling the 25mhz ones and had a batch, you would find me on multiple coins for diversification...take a look around and confirm However, it could be someone at the fab with the balls to sneak one out and not the companies selling them.

I can't confirm whether or not this is an ASIC, but I can tell you this....

It's one worker  .

So it just might be.  Or it could be someone intelligent enough to try to trick everyone by setting up a stratum proxy(look it up) and using a single user.

-Fuse

[sevoque]

we have arrived in stratosphere

<PotCoinBot> POT Hashrate :2.47 Ghash/s

<PotCoinBot> POT Diff :25.57728545

[piropig]

An ASIC online at http://pot.criptoe.com?

What would you do with your prototypes? Obviously point them at the main scrypt coin that has potential!  Though if I was selling the 25mhz ones and had a batch, you would find me on multiple coins for diversification...take a look around and confirm However, it could be someone at the fab with the balls to sneak one out and not the companies selling them.

I can't confirm whether or not this is an ASIC, but I can tell you this....

It's one worker  .

So it just might be.  Or it could be someone intelligent enough to try to trick everyone by setting up a stratum proxy(look it up) and using a single user.

-Fuse

you know you can have multiple workers using the same login name.  so that user could have 50 cards running under the same worker name

[rhui]

After Vertcoin, there are fewer and fewer coins with real "features". For this coin, the idea is good so I keep noticing and mining this coin since the first day

[mctaino]

1      anonymous   93,966 KH/S   31,039.968  pot a day

We are done is over this is not no farm, KH/s have been going up for this user by the hour.  Something is going on

[twentyseventy]

1      anonymous   93,966 KH/S   31,039.968  pot a day

We are done is over this is not no farm, KH/s have been going up for this user by the hour.  Something is going on

Could be renting hashpower - Leaserig.net

[nunya_coin]

So yes, as a business considering the value of accepting the coin outright vs a smart idea to increase my PROFIT some, there is a lot to consider.  No business, starting with investors--whether their own money or others, is going to risk going red on revenue (or more red as many business do not make profit for years), to grab a few more customers(and yes, us cryptos are still a small minority in the world view of customers or even in the Colorado view of customers).  To take a cut of profit and gamble that it becomes more profit is a risk a CEO and CFO can get behind.  While you might not be thinking on a corp level, even small pot shops have people behind them trying to make money with business minds and in many cases educations.  These are serious considerations.

In the long term you are completely right.  In the short term, and getting people to start with it, I disagree.  If you are considering countries that it is completely legitimate in, that is a completely different question.  I was just suggesting an idea, that might get more people on board.  Not trying to discredit the idea of it as a 100% pay currency.  It is perfect for this emerging industry, but the implications are very different depending what country and economic impact you are considering.  Selling the idea to Amsterdam with long established businesses vs Colorado with weeks to months old businesses are completely different playing fields.  Both may be interested and stand to profit, but how you sell it to an invested party in different markets will make or break their interest. I want this to succeed, so yes, I submit an idea beyond  'possibly' saving on credit card fees for another path for the dev's to market toward potential businesses.

I wonder if a business might be willing to take a limited amount in and then use it for something like employee bonuses instead of giving out cash.  I'm thinking in small amounts, like a quick 'atta boy, here's 100 pot coins, thanks' type of a deal.  It would need to be the right sort of business with employees who get what crypto is.  Might be a way to start out though.  Perhaps accepting it just for the shipping charge on a business who ships goods.

[Chronikka]

So yes, as a business considering the value of accepting the coin outright vs a smart idea to increase my PROFIT some, there is a lot to consider.  No business, starting with investors--whether their own money or others, is going to risk going red on revenue (or more red as many business do not make profit for years), to grab a few more customers(and yes, us cryptos are still a small minority in the world view of customers or even in the Colorado view of customers).  To take a cut of profit and gamble that it becomes more profit is a risk a CEO and CFO can get behind.  While you might not be thinking on a corp level, even small pot shops have people behind them trying to make money with business minds and in many cases educations.  These are serious considerations.

In the long term you are completely right.  In the short term, and getting people to start with it, I disagree.  If you are considering countries that it is completely legitimate in, that is a completely different question.  I was just suggesting an idea, that might get more people on board.  Not trying to discredit the idea of it as a 100% pay currency.  It is perfect for this emerging industry, but the implications are very different depending what country and economic impact you are considering.  Selling the idea to Amsterdam with long established businesses vs Colorado with weeks to months old businesses are completely different playing fields.  Both may be interested and stand to profit, but how you sell it to an invested party in different markets will make or break their interest. I want this to succeed, so yes, I submit an idea beyond  'possibly' saving on credit card fees for another path for the dev's to market toward potential businesses.

I wonder if a business might be willing to take a limited amount in and then use it for something like employee bonuses instead of giving out cash.  I'm thinking in small amounts, like a quick 'atta boy, here's 100 pot coins, thanks' type of a deal.  It would need to be the right sort of business with employees who get what crypto is.  Might be a way to start out though.  Perhaps accepting it just for the shipping charge on a business who ships goods.

I proposed a sort of rewards type program where vendors can reward loyal customers with potcoin which can be redeemed for stuff. No vendor is going to just outright accept potcoin any time soon. We need to establish its value in the cannabis industry. Otherwise there is nothing to separate this coin from litecoin or any other litecoin clone besides the name. Vendors might as well continue accepting only bitocin and litecoin. Something has to be done that separates this coin in the eyes of the cannabis community, because right now its just litecoin with a different name.

[blaze10to10]

https://pbs.twimg.com/media/BfbFM7sCAAAqw01.jpg

Potcoin to the moon!

10 POTCOIN BLOCKFINDER BONUS!
pot.hashfast.de

[SCryptoMiners]

  lol

[greendice]

POTCOIN DICE SITE IS MOVING

http://pot.greendice.cc/

NEW DOMAIN

CHECK IT OUT!

[ny2cafuse]

you know you can have multiple workers using the same login name.  so that user could have 50 cards running under the same worker name

Not advisable on VARDIFF.  Just like how you wouldn't run a 5850 and a 7950 in the same cgminer instance.  If someone had a 30MH+ farm, I'm sure they'd know that.  Plus almost every mining farm I've come across uses individual worker names for each rig to properly monitor rig stats on a pool.

-Fuse

[piropig]

you know you can have multiple workers using the same login name.  so that user could have 50 cards running under the same worker name

Not advisable on VARDIFF.  Just like how you wouldn't run a 5850 and a 7950 in the same cgminer instance.  If someone had a 30MH+ farm, I'm sure they'd know that.  Plus almost every mining farm I've come across uses individual worker names for each rig to properly monitor rig stats on a pool.

-Fuse

well of course.  just throwing out other options.  it could be one of the companies creating asics testing them but not sure if there are any fully operation yet.  maybe there is.