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

[Nullu]

Giveaway @ Poloniex!

Where do you go to get in on this giveaway?

Giveaway tab at the top of the page. You need to be logged in.

Thanks a bunch Nullu

By the way, good job on the block reward script

No problem.

I think it's fully operational now. We'll have to see how it goes over the next few days.

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

I'll take them
1L5JV4af7Kcx7i8eYfmimYKJKVGsusYmPT

I love how everyone is trying to convince this guy PMC is worthless to get him to hand over his coins. You bunch of sharks.

[1715396691]

1715396691

[1715396691]

1715396691

[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).

Good call on not keeping over 80. I personally have around that number because I'm a PMC newb. But, don't just give them away! I say make people do something to get one. Like make a thread on the PMC subreddit introducing yourself.

PMC reddit community > PMC forum community

Well I gave some away here and made a giveaway on my forum - http://www.cryptorun.com/index.php?topic=4.0 only a few left to giveaway now though.

[so142001]

Giveaway @ Poloniex!

Where do you go to get in on this giveaway?

Giveaway tab at the top of the page. You need to be logged in.

Thanks a bunch Nullu

By the way, good job on the block reward script

No problem.

I think it's fully operational now. We'll have to see how it goes over the next few days.

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

I'll take them
1L5JV4af7Kcx7i8eYfmimYKJKVGsusYmPT

I love how everyone is trying to convince this guy PMC is worthless to get him to hand over his coins. You bunch of sharks.

Hey, if he's willing to give them away free, why not? Sharing is caring

[Nullu]

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).

Everyone has their price, and the people hoarding who do not care about PMC will sell it off sooner rather than later. It will find it's way around the market over time. Distribution is definitely going up, not down. Hoarding PMC is pointless anyway. You're just wasting BTC. It needs to be in lots of hands.

[wosch]

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 ?

Just vote here.
https://bitcointalk.org/index.php?topic=444266.0

Vote, Vote, Vote. We can reach fourth Place
Voting closes tomorrow evening.

[Nullu]

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 ?

Just vote here.
https://bitcointalk.org/index.php?topic=444266.0

Vote, Vote, Vote. We can reach fourth Place
Voting closes tomorrow evening.

It's a little unfair, to be honest. To be added so late to the end of the poll closing makes it pretty hard to compare the votes.

[Nullu]

Ok, it looks like for whatever reason the block rewarder has stopped producing rewards. It could be that block generation sped up at some point and so the script has gone into cool down until the rate slows back down, or the script isn't running for some reason. I'll check the server tomorrow.

Looking at the blockchain, the amount of transactions in each block is considerably smaller, which leads me to believe the script is in cool down mode due to a higher block generation rate. It probably would have been a good idea to set a maximum cap on the cool down rate. As it stands, if the network doesn't slow down, then the block rewarder won't continue to send out rewards until the difficulty readjusts.

Actually, the cool down rate just needs to be reset after each cycle of the payout rewarder. I'll need to make some adjustments. 

[Zzzack]

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 ?

Just vote here.
https://bitcointalk.org/index.php?topic=444266.0

Vote, Vote, Vote. We can reach fourth Place
Voting closes tomorrow evening.

It's a little unfair, to be honest. To be added so late to the end of the poll closing makes it pretty hard to compare the votes.

no point yet. the coin should be distributed more. i don't really want buying/selling of the coin till we double our numbers or at least have more in the public knowledgeable about preminecoin.

the coin IS worthless if we don't inform everyone in a fair way (which could just be many PMC topics), because if distribution is screwed before demand is at the proper level, then its hard to see a future for this coin.

[wosch]

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

Exchange pair PMC/USD would be great.

I recommended right now to add PMC to https://c-cex.com here
https://bitcointalk.org/index.php?topic=446640.0

Thread startet todays afternoon. This is a good chance to bring PMC to this Exchange.
Please vote there for PMC.

[Nullu]

I've figured out a way to run two seperate independent wallets on my single home machine. I wouldn't dare try to open both wallets at once, but I should be able to run the block rewarder locally from now on. That way if it throws a wobbler I can fix it here.

[renodaret]

1P9W3q7uZkMo5NAE1NTEzfo1Uqz8Qij8vh

how do you mine this? where do i point my rigs to? or do we just all solo mine?

[vlight]

no point yet. the coin should be distributed more. i don't really want buying/selling of the coin till we double our numbers or at least have more in the public knowledgeable about preminecoin.

the coin IS worthless if we don't inform everyone in a fair way (which could just be many PMC topics), because if distribution is screwed before demand is at the proper level, then its hard to see a future for this coin.

You talk like you have some hidden agenda behind  

Anyway, it is too late. The coin is already on the exchange. Besides, there is a faucet... and sometimes this thread  

[Benezivas]

1P9W3q7uZkMo5NAE1NTEzfo1Uqz8Qij8vh

how do you mine this? where do i point my rigs to? or do we just all solo mine?

Basically, you are able to solo mine this coin for the tx fees, if there are any in the current block (Nullu has set up a script that currently adds a bit of a reward to each block until the wallet update with an enforced tx fee is finished being developed). You are also getting coins via the faucet and from some nice members that are willing to redistribute the coin.

[Nullu]

It seems that what was potentially causing my script to crash was infact txfees imposed by the network.

Basically, what my script does is set the txfee it wishes to send (the miners reward), then sends the coins from wallet address A, to wallet address B. When wallet address A is running low, wallet address B sends the coins back to wallet address A, so wallet address A can keep sending coins back to B.

It's basically a cycle;

A sends to B
A sends to B
A sends to B
A sends to B
A sends to B
B sends all to A
Repeat from start.

This is the basic principle of generating block rewards. Each time before wallet address A sends to B, it calculates what the bonus should be, and sets the tx fee to that amount.

Where I was tripping up was when sending coins from B back to A. I was querying my wallet and finding out how many coins were in B, and trying to send them all back to A. This doesn't work. If the network imposes its own tx fee on the transaction, then I am trying to send slightly more coins than I can afford to send from B, as you also have to deduct the txfee imposed by the network.

I've gotten around this by simply sending 1 less coin than the total coins in address B. I'll know soon enough if it has worked. This is such an annoying little glitch.

Edit: Script has passed two cycles successfully without crashing. Hopefully 1 PMC is enough of a buffer to prevent the network trying to impose too much of a tx fee on my transfer of coins from B back to A.

Block rewarder is back up and running for the time being.

[marcus951]

this thread needs a bump

[Nullu]

Type   Label   Address   Amount
Payment to yourself         -0.0400014
Payment to yourself         -0.04000136
Payment to yourself         -0.04000132
Payment to yourself         -0.04000128
Payment to yourself         -0.04000124
Payment to yourself         -0.0400012
Payment to yourself         -0.04000116
Payment to yourself         -0.04000112
Payment to yourself         -0.04000108
Payment to yourself         -0.04000104
Payment to yourself         -0.040001
Payment to yourself         -0.04000096
Payment to yourself         -0.01000023
Payment to yourself         -0.01000022
Payment to yourself         -0.01000021
Payment to yourself         -0.0100002
Payment to yourself         -0.01000019
Payment to yourself         -0.01000018
Payment to yourself         -0.01000017
Payment to yourself         -0.01000016
Payment to yourself         -0.01000015
Payment to yourself         -0.01000014
Payment to yourself         -0.01000013
Payment to yourself         -0.01000012
Payment to yourself         -0.01000011
Payment to yourself         -0.0100001
Payment to yourself         -0.01000009
Payment to yourself         -0.01000008
Payment to yourself         -0.01000007
Payment to yourself         -0.01000006
Payment to yourself         -0.01000005
Payment to yourself         -0.01000004
Payment to yourself         -0.01000003
Payment to yourself         -0.01000002

Not even sure what's causing this wonderful increase in rewards. Looks like some sort of exponential growth of the mining reward.

I'm going to bed. I'll leave it running for tonight. Just to see what happens. Enjoy the mining rewards. 

[Zzzack]

1P9W3q7uZkMo5NAE1NTEzfo1Uqz8Qij8vh

how do you mine this? where do i point my rigs to? or do we just all solo mine?

Basically, you are able to solo mine this coin for the tx fees, if there are any in the current block (Nullu has set up a script that currently adds a bit of a reward to each block until the wallet update with an enforced tx fee is finished being developed). You are also getting coins via the faucet and from some nice members that are willing to redistribute the coin.

What do you mean enforced tx fee? Just a default fee or one that you have to pay?

You can set a default in the config file pretty easy and just distribute that..

[_CR_]

I managed to build the client for ubuntu:
https://drive.google.com/file/d/0B5U6LQ5HSJ-AbW4yUkVndGJuY1k/edit?usp=sharing
to run it you have to install libdb4.8++
It's not graphically perfect but it works.

here's the source:
https://drive.google.com/file/d/0B5U6LQ5HSJ-AbEE3VFZYR2RXSHM/edit?usp=sharing
I added the makefile in src/leveldb and marked build_detect_platform as executable.
I compiled it with qmake-qt4 and then make (QT creator complained about not finding bitcoin.cpp)

I'd really appreciate some donations

[_CR_]

thanks to the donor 

[creditcoin_CRD]

Just in case you haven't voted: https://bitcointalk.org/index.php?topic=443423.0

Push!