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

[Nullu]

Block rewarder is live, and the payout goes up by 0.00000001 PMC every payout until the speed of block generation on the network increases.

Get mining for your bonus PMC!

0.01000003 reward and going up.

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[vlight]

PMC is at 2000 satoshi, ALL 500k are worth 10btc nice market cap guys! Who wants my 2600 worthless PMC

Sell them then. If you think that's all they'll ever be worth. Better yet, give them away to people.

I do like it when people say things like this, despite the countless times it has been said about other coins before. MEOW sat at a couple of satoshi for weeks. Look at it now. Some poor guy on the forum sold $80,000 of LTC for a couple of thousand. Same story time and time again. The guy who bought a Pizza for a few thousand BTC.

I'm not gonna be that guy.

Plenty here who would gladly take them off your hands.

And very recently FedoraCoin. It was absolutely murdered by hyperinflation, but took off nevertheless.

Premine is fairly unique in a sense that was fully premined and shared with the community for free. And it has no inflation, no downward pressure to the price!

Now it is crucial to reward the miners until the coin has more transactions with fees.

[dasource]

PMC is at 2000 satoshi, ALL 500k are worth 10btc nice market cap guys! Who wants my 2600 worthless PMC

Donate them to the Faucet; http://faucet.premineco.in/

[Nullu]

Block rewarder seems to be running ok. Did spot one bug in the code that sends the coins back to the wallet to keep the cycle going, but I believe it was just because I was trying to send the total amount of coins in account A, back to account A, instead of the total amount of coins in account B, back to account A.

About the anti-farming algorithm; basically, if blocks start flying, it will add the amount of blocks in seconds to the delay between rewards. During that time, even more blocks will be generated. Essentially for as long as an unusual amount of blocks is being generated on the network, the longer and longer between reward payouts. So you can't farm these rewards. The harder/longer you try, the less you'll get. This won't affect the majority of people. If you have a lot of hash and plan to mine Premine long term then you'll get the block rewards at the next difficulty adjustment.

[shanent]

Someone knows this exchange https://c-cex.com/ ?

Exchange pair PMC/USD would be great.

[GröBkAz]

Someone knows this exchange https://c-cex.com/ ?

Exchange pair PMC/USD would be great.

This would be a great inovation for PMC.

[hilgi]

PMC is at 2000 satoshi, ALL 500k are worth 10btc nice market cap guys! Who wants my 2600 worthless PMC

I'll help to pass more out.

1KiTXGQiRt3SzG2qhjgApAg3G3VT6i5rgq

[Zzzack]

PMC is at 2000 satoshi, ALL 500k are worth 10btc nice market cap guys! Who wants my 2600 worthless PMC

Please! 16qbJoZksWkRCK4T94jmvwnejR4rXbb1hB

How'd you get 2600 PMC? If you send some worthless PMC I can send you some worthless coins in return 

[Zzzack]

Can anyone tell me how PMC was initially distributed? I read through the first 8 pages, but it was a slow leak of info.

Also, how should PMC continue to be distributed? How does this one guy who doesn't care about PMC have 2600 coins?


Reposting the vote here link: https://bitcointalk.org/index.php?topic=444266.0

[Pyramusx]

Can anyone tell me how PMC was initially distributed? I read through the first 8 pages, but it was a slow leak of info.

Also, how should PMC continue to be distributed? How does this one guy who doesn't care about PMC have 2600 coins?


Reposting the vote here link: https://bitcointalk.org/index.php?topic=444266.0

After the coins were mined and the wallet released, the developer distributed generous amounts of coins to anyone he saw posting their PMC address in this thread, then those who got coins were encouraged to continue sharing with people who came in later and add transaction fees to each transaction.

Now people can mine for the transaction feels, so the guy who doesn't want his coins either mined up to 2600 from what he originally started with or received 2600 from the developer or others at the start and was holding - although now he is disappointed.

[minime1]

PMC is at 2000 satoshi, ALL 500k are worth 10btc nice market cap guys! Who wants my 2600 worthless PMC

Agreed, they are total worthless. But I'd volunteer to take your coins so your don't have to struggle with them.

1LN8kcDGZepXKPGTndvnFuzXdT6zajX7eu

[Warning__3]

Giveaway @ Poloniex!

[Benezivas]

Can anyone tell me how PMC was initially distributed? I read through the first 8 pages, but it was a slow leak of info.

Also, how should PMC continue to be distributed? How does this one guy who doesn't care about PMC have 2600 coins?


Reposting the vote here link: https://bitcointalk.org/index.php?topic=444266.0

After the coins were mined and the wallet released, the developer distributed generous amounts of coins to anyone he saw posting their PMC address in this thread, then those who got coins were encouraged to continue sharing with people who came in later and add transaction fees to each transaction.

Now people can mine for the transaction feels, so the guy who doesn't want his coins either mined up to 2600 from what he originally started with or received 2600 from the developer or others at the start and was holding - although now he is disappointed.

It is more likely that he bought them for cheap money, as there seem to be some hoarders that are daytrading in big amount over on Poloniex, as it seems.

For the redistribution: There is a faucet that pays out very good amounts and right now there are stable payouts on the blocks, if this is your way to go. You could of course also buy a neat bunch for almost no money over on poloniex, so there are various possibilities to upgrade your stock.

[shanent]

Someone knows this exchange https://c-cex.com/ ?

Exchange pair PMC/USD would be great.

Add to the list also http://cryptokopen.eu/ (exchange versus euro)

Who knows how we can reach these exchanges ?

[albertdros]

question:

i see im using 0.8.6 and i just transferred some coins to the exchange. Will this work? or am i fucked now because I am not using 0.8.8? I thought i downloaded the new wallet, it synced fine.

edit: nevermind it worked.

[Chris180Z]

Giveaway @ Poloniex!

Nice, thanks.

Also, do you guys think this coin will work? There is only 500k coins, and we seem to have hoarders. Given the current price somebody could hoard a LOT of coins (vs to total coin amount) and then this coin will completely fail. I'm trying not to keep over 80 personally and have given the rest away.

Maybe we should have made the coin total much higher and kept the official giveaway (from the dev) going for months (maybe with a little help from a small volunteer team).

[vlight]

question:

i see im using 0.8.6 and i just transferred some coins to the exchange. Will this work? or am i fucked now because I am not using 0.8.8? I thought i downloaded the new wallet, it synced fine.

edit: nevermind it worked.

You should do a search with your transaction id at http://cryptexplorer.com/chain/Premine

If it is there, then everything should be ok.

[hilgi]

Giveaway @ Poloniex!

:-)

https://poloniex.com/giveaways

[Mivexil]

Giveaway @ Poloniex!

Nice, thanks.

Also, do you guys think this coin will work? There is only 500k coins, and we seem to have hoarders. Given the current price somebody could hoard a LOT of coins (vs to total coin amount) and then this coin will completely fail. I'm trying not to keep over 80 personally and have given the rest away.

Maybe we should have made the coin total much higher and kept the official giveaway (from the dev) going for months (maybe with a little help from a small volunteer team).

Currently even buying out the whole Poloniex exchange would leave you with less than 1% of total coins. Besides, there's still a bunch of coins waiting to be put into the faucet.

[albertdros]

the rates seem to go up fast now on poloniex. Some kind of pump going on