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

[creditcoin_CRD]

think i have to stop solo mining it, diff is just too high for a single BE to hav a chance now altho i did get 1 block earlier on when diff was 2k lol

I've got a pool working just now and tested with a friends' BFL 50Gh that he aimed at it but there's the matter of payout.
I'll have a look at the MPOS code to figure out if there is a way to take tx fees into account to divide the block value, setting the block reward parameter to 0 only pays out to the pool wallet and I guess nobody (except me) would be happy with that setup

This made me chuckle. 

[1715009295]

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[creditcoin_CRD]

I agree and that is the only thing that brought me to this coin, the intriging way of rewards since this fate is going to be the situation for every crypto in their future. PMC is litteraly a 100 years ahead of its time

Changes I would implement if it was up to me:
- Shorter block time, down to 1min, you'll have more 0.00 blocks but it is all about Tx so faster is better and chances of finding a block is higher since diff will remain lower than now.
- KGW as it is better than nothing and the code is out there, a sliding difficulty window to avoid getting trapped in high diff
- Switch to SHA3 (keccak) algo for ASIC resistance, fair chance for everybody even with GPU, for example: I have terrahashers in pre-order so if I would unleash them once delivered it would ruin this coin for the majority of the miners, taking into account that PMC will grow.

All decent suggestions, and rest assured I will not write any of them off. I'm always open to good suggestions.

[carlomagno]

Preparing a giveaway for 14th February

Much Love

[creditcoin_CRD]

Preparing a giveaway for 14th February

Much Love

Not a bad plan! Perhaps a "share the love" promo.

[anonuser777]

I agree and that is the only thing that brought me to this coin, the intriging way of rewards since this fate is going to be the situation for every crypto in their future. PMC is litteraly a 100 years ahead of its time

Changes I would implement if it was up to me:
- Shorter block time, down to 1min, you'll have more 0.00 blocks but it is all about Tx so faster is better and chances of finding a block is higher since diff will remain lower than now.
- KGW as it is better than nothing and the code is out there, a sliding difficulty window to avoid getting trapped in high diff
- Switch to SHA3 (keccak) algo for ASIC resistance, fair chance for everybody even with GPU, for example: I have terrahashers in pre-order so if I would unleash them once delivered it would ruin this coin for the majority of the miners, taking into account that PMC will grow.

All decent suggestions, and rest assured I will not write any of them off. I'm always open to good suggestions.

Good ideas. I think we should stick to SHA256 though. We can market the coin as environmentally friendly due to the lower power usage of ASICs. Also, not sure if KGW is necessary. The fact that tx fees are the only reward means that PMC should be self-regulating. If we get stuck on a block the tx fees will pile up so there is greater incentive to mine the stuck block. Maybe wait and see if it really is a problem.

EDIT: Just catching up on the thread and saw that someone got PMC added to the allcrypt voting. Thanks for that. Don't forget to vote for PMC here (with all 10 votes)

http://www.allcrypt.com/beta/voting.php

[shanent]

EDIT: Just catching up on the thread and saw that someone got PMC added to the allcrypt voting. Thanks for that. Don't forget to vote for PMC here (with all 10 votes)

http://www.allcrypt.com/beta/voting.php

Go ahead with these votes

[hilgi]

If you like my effort for add PMC on coinedup and the activity on reddit here http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/

please donate also a small amount for continuing the giveaway here http://thisweekscoin.com/forum/index.php/topic,965.30.html

thx all


EDIT: more than 70 PMC donated, I'm running out my funds

Sent 100 your way.

[shanent]

If you like my effort for add PMC on coinedup and the activity on reddit here http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/

please donate also a small amount for continuing the giveaway here http://thisweekscoin.com/forum/index.php/topic,965.30.html

thx all


EDIT: more than 70 PMC donated, I'm running out my funds

Sent 100 your way.

Thanks hilgi, nothing received till now but as soon as I receive your PMC I'll restart the thread for other 50 votes

[creditcoin_CRD]

If you like my effort for add PMC on coinedup and the activity on reddit here http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/

please donate also a small amount for continuing the giveaway here http://thisweekscoin.com/forum/index.php/topic,965.30.html

thx all


EDIT: more than 70 PMC donated, I'm running out my funds

Sent 100 your way.

Thanks hilgi, nothing received till now but as soon as I receive your PMC I'll restart the thread for other 50 votes

sending 50 - thanks for your help

lol - 8.25 PMC in fees on that one.

[hilgi]

If you like my effort for add PMC on coinedup and the activity on reddit here http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/

please donate also a small amount for continuing the giveaway here http://thisweekscoin.com/forum/index.php/topic,965.30.html

thx all


EDIT: more than 70 PMC donated, I'm running out my funds

Sent 100 your way.

Thanks hilgi, nothing received till now but as soon as I receive your PMC I'll restart the thread for other 50 votes

I sent it to the address in your sig file. Still confirming I see.

[shanent]

If you like my effort for add PMC on coinedup and the activity on reddit here http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/

please donate also a small amount for continuing the giveaway here http://thisweekscoin.com/forum/index.php/topic,965.30.html

thx all


EDIT: more than 70 PMC donated, I'm running out my funds

Sent 100 your way.

Thanks hilgi, nothing received till now but as soon as I receive your PMC I'll restart the thread for other 50 votes

I sent it to the address in your sig file. Still confirming I see.

100 + 50 received. Giveaway reopened

[TheBeardedMann]

100 + 50 received. Giveaway reopened

I'll take some of the giveaway please.  Thanks!

PMC: 15WT7XsEHjGWKJMDujGjkdY85Fhyc8PRWd

http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/cfal2pr

[BLaZeDRas]

distribution ended or still going?

1NmmjJ6r6f2Cqv96i3N3uRM8geeFy8c9xK

<3 cheers

[shanent]

distribution ended or still going?

1NmmjJ6r6f2Cqv96i3N3uRM8geeFy8c9xK

<3 cheers

Ended but if you want could earn some with simple task http://thisweekscoin.com/forum/index.php/topic,965.0.html

[BLaZeDRas]

distribution ended or still going?

1NmmjJ6r6f2Cqv96i3N3uRM8geeFy8c9xK

<3 cheers

Ended but if you want could earn some with simple task http://thisweekscoin.com/forum/index.php/topic,965.0.html

thank you

[uasteel]

distribution ended or still going?

1NmmjJ6r6f2Cqv96i3N3uRM8geeFy8c9xK

<3 cheers

Ended but if you want could earn some with simple task http://thisweekscoin.com/forum/index.php/topic,965.0.html

Hey do you need anymore coins for that giveaway?

[creditcoin_CRD]

distribution ended or still going?

1NmmjJ6r6f2Cqv96i3N3uRM8geeFy8c9xK

<3 cheers

Ended but if you want could earn some with simple task http://thisweekscoin.com/forum/index.php/topic,965.0.html

Hey do you need anymore coins for that giveaway?

I'll pitch in once more as well

[hasar]

You guys doing great.

[shanent]

distribution ended or still going?

1NmmjJ6r6f2Cqv96i3N3uRM8geeFy8c9xK

<3 cheers

Ended but if you want could earn some with simple task http://thisweekscoin.com/forum/index.php/topic,965.0.html

Hey do you need anymore coins for that giveaway?

At the moment I have still founds to give away, thanks to hilgi and creditcoin. If I need more I'll tell you, thanks

[uasteel]

distribution ended or still going?

1NmmjJ6r6f2Cqv96i3N3uRM8geeFy8c9xK

<3 cheers

Ended but if you want could earn some with simple task http://thisweekscoin.com/forum/index.php/topic,965.0.html

Hey do you need anymore coins for that giveaway?

I'll pitch in once more as well

What would it take to get them to promote PMC on the homepage? Has anyone talked to them about it?