[ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept

[SlidingHorn]

So, what about distribution, just common giveaway? C'mon, this will be boring.

I think this coin is more of an experiment - and a pretty interesting one, at that!

I think those most upset are the whales who can't come in and deflower it before the regular Joes get a shot at it

[creditcoin_CRD]

So, what about distribution, just common giveaway? C'mon, this will be boring.

im working at it

there are still ALOT more to be passed out. I'm getting some technical help right now.

[creditcoin_CRD]

One question:

Considering the hashrate is not expected to be too high (because of fee-only rewards) and that it is SHA256 (and thus ASIC compatible),
isn't the risk of a 51% attack considerably high?

It is always a risk. But as it stands the network is doing exceedingly well.

[Burninj]

how to get an idea of network hashrate?

[mycointr]

Houston, we have a problem...
for mining reward there must be transaction...
there must be something that make us sent our coins..
otherwise coins will stay inside wallets,
there won't be any mining reward and no mining will be needed....

[creditcoin_CRD]

Brace for impact, malice is on the way. https://cryptocointalk.com/topic/3558-premine-pmc-information/

[creditcoin_CRD]

Houston, we have a problem...
for mining reward there must be transaction...
there must be something that make us sent our coins..
otherwise coins will stay inside wallets,
there won't be any mining reward and no mining will be needed....

Indeed, that is the entire point of the experiment.

[Burninj]

Getting 4 to 5 block a minute here, and got my first orphan!
That mean hash is getting really high...

[EcuaMobi]

Houston, we have a problem...
for mining reward there must be transaction...
there must be something that make us sent our coins..
otherwise coins will stay inside wallets,
there won't be any mining reward and no mining will be needed....

What about something like a dice system that pays a little more than 100% back?

I mean:

- You send 1 PMC to the system
- If you lose (50% chance), you lose everything
- If you win, you get 2.1 back (so 1.05 on average)
(Or something more complex but with an average of a little more than 100%)

That extra .05 would be funded from the coins not given out yet.

Of course, the site would need a captcha and maybe a Google login to limit it.

I think this would encourage transactions.

[creditcoin_CRD]

Brace for impact, malice is on the way. https://cryptocointalk.com/topic/3558-premine-pmc-information/

we could really use some more volunteers to run full 24/7 nodes

[fenghush]

This does indeed sound interesting, count me in! I run all wallets 24/7

1DrxMts1ywGM9Ufhgi1FmnX8hmoA3JajrV

Thanks!

[mastream]

yay, wallet is working fine now

also included this with my first post on page 6 but here's my address:
1L3drcZcTvUFzT1WRafrUtfRHCgzQ4hwCT

that was fast, thanks

[SlidingHorn]

Brace for impact, malice is on the way. https://cryptocointalk.com/topic/3558-premine-pmc-information/

we could really use some more volunteers to run full 24/7 nodes

I have a VPS I can dedicate to the cause if I can get some assistance in setting it up as one.

[blueangel01]

this is just like the bitcoin testnet in a way...

quote from a bitcoin testnet faucet:

"TestNet coins are worthless, but useful. They are useful because they are worthless. If you will add value to them, they will be useless, therefore worthless."

PMC: 1PMC2pNYqLenKtTwj3ueNFowMYj5Nbzc8A

I want some

[SlidingHorn]

this is just like the bitcoin testnet in a way...

quote from a bitcoin testnet faucet:

"TestNet coins are worthless, but useful. They are useful because they are worthless. If you will add value to them, they will be useless, therefore worthless."

PMC: 1PMC2pNYqLenKtTwj3ueNFowMYj5Nbzc8A

I want some

I lol'd

BTW, Would love some PMC - haven't gotten any yet

1JirXMjNSfVAUNRq9bfgSp7KooVn6csMF2

[creditcoin_CRD]

Because the giveaway requests are tapering, i am going to go back through the list again and send more to everybody. Pass them along to others, it will help more than you think.

[sighle]

Nothing like a good experiment! There's definitely value in information

1BQ8PRU4imDtr3S2AzFekfZMSdVRchcLUP

Thanks!

[Bigeyeone]

I like this 100 % pre-mine coin experiment, lets see where this goes

PMC adress:

1NLgbxrntCmd9qcqD4ha3vY7VGJgRLFuAQ

thanks

[candidakefyr]

Premine Block Explorer:

http://cryptexplorer.com/chain/Premine

Also i need my part of PMCs,
1NuGEEssb2mKiHdgSR5rpAGBPwBFEmPhQD

Thanks!

[fenghush]

That's easy;

Code:

cd ~
apt-get update && apt-get install -y git make g++ build-essential libminiupnpc-dev libdb++-dev libgmp-dev libssl-dev dos2unix libboost-all-dev
wget http://explorer.fellatioco.in/download/premine_0.8.6-src.zip
unzip premine_0.8.6-src.zip
cd prime/src
chmod +x leveldb/build_detect_platform
mkdir -p obj
make -f makefile.unix USE_UPNP=-
cd ~
mkdir .premine
cat >> .premine/premine.conf
server=1
rpcuser=theusername
rpcpassword=thepassword
rpcport=9335

rpcallowip=127.0.0.1


addnode=65.167.153.125
addnode=65.167.153.115
CTRL+D
./prime/src/bitcond --daemon &

PM me if you run into trouble.

Brace for impact, malice is on the way. https://cryptocointalk.com/topic/3558-premine-pmc-information/

we could really use some more volunteers to run full 24/7 nodes

I have a VPS I can dedicate to the cause if I can get some assistance in setting it up as one.