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

[Nullu]

Ok, doing a test run on 300 addresses to see if I can count the blocks each address has mined. If it works, I can go ahead and start the script and create miner reward payouts.

I knew this was going to take me a few hours.  

Don't worry, no good deed goes unpunished. 

It's almost finished. My only concern is going to be how long it takes to finish. It takes 10 minutes just on 300 blocks. It's going to have to run overnight. If the block explorer had a better API I wouldn't have to scrape every single transaction page.

[Nullu]

Ok, doing a test run on 300 addresses to see if I can count the blocks each address has mined. If it works, I can go ahead and start the script and create miner reward payouts.

I knew this was going to take me a few hours.  

Don't worry, no good deed goes unpunished. 

How are you funding these payouts?

I have about 2k+ set aside from my own coins, and the dev has provided some additional coins, and I believe a few others have donated as well. I'm not sure what to set the award per mined empty block as yet. Maybe 0.1? I'll add a calculator into the script to work out how much of a payout that would be.

[hilgi]

Can one of you help this guy out? He came over from the facebook page.

http://preminecoin.cryptotycoons.com/forum/index.php?topic=13.0;topicseen


http://preminecoin.cryptotycoons.com/forum/index.php?topic=19.0;topicseen

[Nullu]

Ok, the script is 95% finished.

Based on paying out 0.1 PMC per block, that would be a theoretical maximum of 355.7 PMC. However, this is for every block since block 9249, which is where I'm starting from, and the amount should be lower as not all of these will be 0 block payouts.

So the payment will be 0.5 PMC per mined empty block, which is a theoretical maximum payout of 1779 PMC. This will be sufficient for now, as I will need to run this script again in a few days, and want to ensure I have enough PMC to cover this time, until the new wallet is released.

[Benezivas]

Ok, the script is 95% finished.

Based on paying out 0.1 PMC per block, that would be a theoretical maximum of 355.7. However, this is for every block since block 9249, which is where I'm starting from, do the amount should be lower.

So the payment wil be 0.5 PMC per mined empty block, which is a theoretical maximum payout of 1779 PMC. This will be sufficient for now, as I will need to run this script again in a few days, and want to ensure I have enough PMC to cover this time.

I would be careful with the size of amounts, as we need to ensure to keep the rewards steady until the client update is out there.

[yogibaer]

Can one of you help this guy out? He came over from the facebook page.

http://preminecoin.cryptotycoons.com/forum/index.php?topic=13.0;topicseen


http://preminecoin.cryptotycoons.com/forum/index.php?topic=19.0;topicseen

helped!

[ctenc001]

Can one of you help this guy out? He came over from the facebook page.

http://preminecoin.cryptotycoons.com/forum/index.php?topic=13.0;topicseen


http://preminecoin.cryptotycoons.com/forum/index.php?topic=19.0;topicseen

helped!

Great seeing a community thats willing to help!

[Nullu]

Ok, the script is 95% finished.

Based on paying out 0.1 PMC per block, that would be a theoretical maximum of 355.7. However, this is for every block since block 9249, which is where I'm starting from, do the amount should be lower.

So the payment wil be 0.5 PMC per mined empty block, which is a theoretical maximum payout of 1779 PMC. This will be sufficient for now, as I will need to run this script again in a few days, and want to ensure I have enough PMC to cover this time.

I would be careful with the size of amounts, as we need to ensure to keep the rewards steady until the client update is out there.

I might lower it a bit, then.

sendmany bitcointalk '{"1MBbDbo7koEA9TPnRT25BYfEp2s6Wu1BVM":0.0001}'

Could someone edit that command so it also includes a message to the receiver? that can be done, right?

[fenghush]

Code:

sendmany bitcointalk '{"1MBbDbo7koEA9TPnRT25BYfEp2s6Wu1BVM":0.0001}' 1 "Hello World!"

Ok, the script is 95% finished.

Based on paying out 0.1 PMC per block, that would be a theoretical maximum of 355.7. However, this is for every block since block 9249, which is where I'm starting from, do the amount should be lower.

So the payment wil be 0.5 PMC per mined empty block, which is a theoretical maximum payout of 1779 PMC. This will be sufficient for now, as I will need to run this script again in a few days, and want to ensure I have enough PMC to cover this time.

I would be careful with the size of amounts, as we need to ensure to keep the rewards steady until the client update is out there.

I might lower it a bit, then.

sendmany bitcointalk '{"1MBbDbo7koEA9TPnRT25BYfEp2s6Wu1BVM":0.0001}'

Could someone edit that command so it also includes a message to the receiver? that can be done, right?

[Nullu]

Code:

sendmany bitcointalk '{"1MBbDbo7koEA9TPnRT25BYfEp2s6Wu1BVM":0.0001}' 1 "Hello World!"

Ok, the script is 95% finished.

Based on paying out 0.1 PMC per block, that would be a theoretical maximum of 355.7. However, this is for every block since block 9249, which is where I'm starting from, do the amount should be lower.

So the payment wil be 0.5 PMC per mined empty block, which is a theoretical maximum payout of 1779 PMC. This will be sufficient for now, as I will need to run this script again in a few days, and want to ensure I have enough PMC to cover this time.

I would be careful with the size of amounts, as we need to ensure to keep the rewards steady until the client update is out there.

I might lower it a bit, then.

sendmany bitcointalk '{"1MBbDbo7koEA9TPnRT25BYfEp2s6Wu1BVM":0.0001}'

Could someone edit that command so it also includes a message to the receiver? that can be done, right?

Ah thank you. I'll try it. I may not be able to include a message as I can just about fit 5 addresses on a line with the text limit in the debug console.

[anonuser777]

Ok, the script is 95% finished.

Based on paying out 0.1 PMC per block, that would be a theoretical maximum of 355.7 PMC. However, this is for every block since block 9249, which is where I'm starting from, and the amount should be lower as not all of these will be 0 block payouts.

So the payment will be 0.5 PMC per mined empty block, which is a theoretical maximum payout of 1779 PMC. This will be sufficient for now, as I will need to run this script again in a few days, and want to ensure I have enough PMC to cover this time, until the new wallet is released.

Great work. I'd also suggest lower rewards so you can run this for a longer time. When you're ready to start it, perhaps promote it on the main Alternative Cryptos page. Will be a good way of getting more miners.

[ctenc001]

For those who missed it (everyone!)

Premine has hit an exchange!!!

https://poloniex.com/market?currencyPair=BTC_PMC

[Nullu]

Code:

sendmany bitcointalk '{"1MBbDbo7koEA9TPnRT25BYfEp2s6Wu1BVM":0.0001}' 1 "Hello World!"

Ok, the script is 95% finished.

Based on paying out 0.1 PMC per block, that would be a theoretical maximum of 355.7. However, this is for every block since block 9249, which is where I'm starting from, do the amount should be lower.

So the payment wil be 0.5 PMC per mined empty block, which is a theoretical maximum payout of 1779 PMC. This will be sufficient for now, as I will need to run this script again in a few days, and want to ensure I have enough PMC to cover this time.

I would be careful with the size of amounts, as we need to ensure to keep the rewards steady until the client update is out there.

I might lower it a bit, then.

sendmany bitcointalk '{"1MBbDbo7koEA9TPnRT25BYfEp2s6Wu1BVM":0.0001}'

Could someone edit that command so it also includes a message to the receiver? that can be done, right?

Ah thank you. I'll try it. I may not be able to include a message as I can just about fit 5 addresses on a line with the text limit in the debug console.

Good idea.

903.25 Payout pending.
next session: $start_block = 12863

Array
(
    

• => Array

       (
            

• => 1L7NpgXA13wTHQM2X7sCnotYN7sC5PbWmi
[1] => 13
        )

    [1] => Array
        (
            
• => 1AmzUZsz4m4ThM5hN8FJ6ix6Zfb6JhMMP2
[1] => 1
        )

    [2] => Array
        (
            
• => 12RqB8XLS1U3Q9cBXfV2hewrt4mBo6AoPo
[1] => 1
        )

    [3] => Array
        (
            
• => 122PQRHc6u5dUdizSSkbpJqUfwM7NCkmiv
[1] => 1
        )

    [4] => Array
        (
            
• => 17QJcnGRfY9ZFERAmykheQW4e8bdaarxPp
[1] => 1
        )

    [5] => Array
        (
            
• => 1D5SUTeUReuGHkzRDQiSiX4d8RWqkhLCLV
[1] => 1
        )

    [6] => Array
        (
            
• => 1BTWUZnZQNuFBQfdpAWUq6Mn8n5ZJfL4ft
[1] => 1
        )

    [7] => Array
        (
            
• => 12WFThkrJ6GJWmU3NGJU2rbcSH1EcNobgC
[1] => 1
        )

)

sendmany bitcointalk '{"1L7NpgXA13wTHQM2X7sCnotYN7sC5PbWmi":3.25"1AmzUZsz4m4ThM5hN8FJ6ix6Zfb6JhMMP2":0.25, "12RqB8XLS1U3Q9cBXfV2hewrt4mBo6AoPo":0.25, "122PQRHc6u5dUdizSSkbpJqUfwM7NCkmiv":0.25, "17QJcnGRfY9ZFERAmykheQW4e8bdaarxPp":0.25, "1D5SUTeUReuGHkzRDQiSiX4d8RWqkhLCLV":0.25}'

There's just one slight bug that needs to be ironed out, and that's because the script creates the sendmany commands in blocks 5, so if there are less than 5 left over, they'll not be processed. So if I ran it now, at most 4 addresses would be lost and would not receive a miner's reward.

If I can get it fixed within the hour I can run it tonight, go through the payments tomorrow, then announce the Miner reward scheme we have for PMC.

[Nullu]

For those who missed it (everyone!)

Premine has hit an exchange!!!

https://poloniex.com/market?currencyPair=BTC_PMC

Be interesting to see what happens.

[mr bossi]

the premine community fights hard to survive, i like what i see!

[Honeypot]

Pre mine should consider setting up a buy/sell thread or coin ex and coinmarket.io.

Avoid coinedup

[yogibaer]

For those who missed it (everyone!)

Premine has hit an exchange!!!

https://poloniex.com/market?currencyPair=BTC_PMC

awesome!!!

[Nullu]

For those who missed it (everyone!)

Premine has hit an exchange!!!

https://poloniex.com/market?currencyPair=BTC_PMC

awesome!!!

Price      PMC     BTC
0.092   1000     92

Got to admire that level of optimism.

[yogibaer]

For those who missed it (everyone!)

Premine has hit an exchange!!!

https://poloniex.com/market?currencyPair=BTC_PMC

awesome!!!

Price      PMC     BTC
0.092   1000     92

Got to admire that level of optimism.

well as long as there are no buy orders there are no trades.

[Nullu]

I'm going to let the market do what it likes. I'm not particularly bothered right now by it. Whether the price is high or low, it'll benefit the coin either way. High and the coin has value, low and it'll get distributed further.