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

[Nullu]

i told you it won't surpass 180k, 80-120k was my prediction(see some post ago), and i was right

Oh the world ends today? Didn't know that.

no but i can predict that it won't rise to 1M satoshi for sure  

I'm agree, I already said that 0.00189 won't be reached another time.

I don't agree, but everybody is entitled to an opinion, and obviously my opinion is bias....

Why the price would go higher than this ? Where is innovation here ?

If you've got to ask that question, then why has the price risen at all?

Money is given value by group consensus. If enough people agree something has value, it does. If enough people agree PMC should be worth 0.01 BTC, then it shall be done. There's no magic involved. No coin has some special formula that somehow makes it more valuable. It's simply a matter of acceptance and basic economics. Everything about PMC makes it like a rare commodity, and couple that rareness with the ability for anyone at any level to get in on it, you have something very special indeed.

People said exactly what you are saying now about Bitcoin back when BTC was handed back and forth like monopoly money. Nobody, not me nor you can claim to know what the future has in store, but I've been here from the very start, and Premine is one of the most promising altcoins I've ever come across by far. Very few have.

I do however think the success of PMC is just as much down to the coin's properties as down to the continued generosity and hard work of the community. Many coins now barely last a week or a two. PMC seems like a rock in comparison.

[1715076185]

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[1715076185]

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[ctenc001]

Premine is literally Bitcoin without block rewards... ( and less total coins, it is a proof of concept )


If Premine is successful it means Bitcoin, after the block rewards are gone, will also continue to be successful...
Pooh Poohing Premine is literally Pooh Poohing Bitcoin...

In fact it has been said the 50 percent of all Bitcoins are in the hands of less than 1000 people... The wealth of Bitcoin is extremely concentrated in a few hands... Premine is MORE FAIRLY PRE-DISTRIBUTED ...   seriously...

Premine's success or failure is a testament to Bitcoins long term viability. I think it is a good experiment...

As far as 'new and innovative technology' is concerned Bitcoin is like a nice 1970's muscle car. The new fancy coins are neat and have lots of bells and whistles, variable block rewards, proof of stake.. etc... But a lot of that stuff 'could' and perhaps 'should' be 'after market' services... Like Mastercoin is for Bitcoin. The PMC enthusiasts can roll up our own windows...

What we need for PMC now is poker, services, more store items...  ( a PMC ebay perhaps? ) More games...

If you have a service you sell for BTC please also sell it for PMC at the exchange rate...   that is a start anyway.

I would like to make QR-CODE PMC T-Shirts that are a PMC cold wallet pre-loaded with one PMC... I am working on it...

Anyway lets keep up the enthusiasm...

PMC: 1NHUfyXC6YEX2GQ4pUUcErDGPcebT8JQgp

kbroadfoot

store.cryptotycoons.com
PMC craigslist =D

[cryptohunter]

i told you it won't surpass 180k, 80-120k was my prediction(see some post ago), and i was right

Oh the world ends today? Didn't know that.

no but i can predict that it won't rise to 1M satoshi for sure  

I'm agree, I already said that 0.00189 won't be reached another time.

I don't agree, but everybody is entitled to an opinion, and obviously my opinion is bias....

Why the price would go higher than this ? Where is innovation here ?

It was a lot more innovative than 99.99% of coins from this wave, and also has a great community....2 things you need to recognise. I only have 110 coins, but these were all given to me just for asking on here. That is after it was on exchange and people could have sold them for profit.

I wish this coin a lot of success.

[shanent]

Sent a mail to https://www.mintpal.com/voting for add PMC at vote.

[Nullu]

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

[albertdros]

Sent a mail to https://www.mintpal.com/voting for add PMC at vote.

just spoke to them on irc. Added.

albertdros: jay
[8:06pm] albertdros: could you add premine to mintpal voting?
[8:06pm] MintPal-Jay: Hi
[8:06pm] MintPal-Jay: Sure
[8:06pm] albertdros: https://bitcointalk.org/index.php?topic=427519.4800
[8:06pm] albertdros: this one
[8:07pm] MintPal-Jay: All done
[8:07pm] albertdros: thanks
[8:07pm] albertdros

vote here:
https://www.mintpal.com/voting

[Nullu]

Just voted.  

One more link for you to keep bumping, dev.

[ctenc001]

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

is it profitable at these exchange rates?

[shanent]

Help PMC Get On CoinedUp.com http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/

Help PMC Get On Allcrypt.com  ( Votes 10 times/24h ) http://www.allcrypt.com/beta/voting.php

Help PMC Get on MintPal (3 votes unregistered-6 votes registered users/every hour) https://www.mintpal.com/voting

Help PMC Get On Cryptsy! https://cryptsy.freshdesk.com/support/discussions/topics/4000000021


And look at my PMC calendar

low res https://dl.dropboxusercontent.com/u/100022707/PMCcalendar%20low%20res.jpg

[Nullu]

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

is it profitable at these exchange rates?

That's the question, I suppose. With enough hashes? Sure. I can still mine PMC with a meagre 1.2ghash/sec!

[ctenc001]

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

is it profitable at these exchange rates?

That's the question, I suppose. With enough hashes? Sure. I can still mine PMC with a meagre 1.2ghash/sec!

I guess the correct question is is it comparably profitable when compared to other coins?

[Nullu]

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

is it profitable at these exchange rates?

That's the question, I suppose. With enough hashes? Sure. I can still mine PMC with a meagre 1.2ghash/sec!

I guess the correct question is is it comparably profitable when compared to other coins?

I couldn't possibly say. SHA-256 coins are a different kettle of fish. The running costs are quite low. It's the initial hardware investment that is costly, but with ASICs becoming cheaper all the time, I think Premine is profitable if you are speculating for a better future price.

I could do the sums manually on the last 20 blocks and see what I come up with. Let me try. Then I have to go do some work. It'll be interesting to know at least. I'll use an average $ price based on the two exchange values from coinmarketcap.

[creditcoin_CRD]

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

is it profitable at these exchange rates?

it really varies.

on days with high TX volume it can be profitable, today on the other hand is mush less than profitable.


It will be difficult to make, since you will have to find some way of averaging the rewards from mining. One big or slow day will make it inaccurate.


That being said, I certainly don't object to the idea.

[kadz]

This faucet never will work, if no one donates 

http://faucet.cryptodemand.com/faucet

[creditcoin_CRD]

This faucet never will work, if no one donates 

http://faucet.cryptodemand.com/faucet

I can not encourage donating to that faucet. The dev for that faucet was given thousands on PMC, but they were removed from the faucet, and the faucet does not work.

if you wish to donate to a faucet, donate to the official faucet at faucet.premineco.in

 
 

[creditcoin_CRD]

This faucet never will work, if no one donates  

http://faucet.cryptodemand.com/faucet

I can not encourage donating to that faucet. The dev for that faucet was given thousands on PMC, but they were removed from the faucet, and the faucet does not work.

if you wish to donate to a faucet, donate to the official faucet at faucet.premineco.in

Ever track those transactions?

Yes, it is just sitting in an address, hasn't moved in awhile last time i looked.

http://blockchain.premineco.in/a/16PsWmgn2E

[Nullu]

Would there be demand for a PMC mining profitability calculator? You'd have to enter in a few numbers to get a reasonable profitability calculation, but I could do it. I need an excuse to brush up on my C++ anyway.

is it profitable at these exchange rates?

it really varies.

on days with high TX volume it can be profitable, today on the other hand is mush less than profitable.


It will be difficult to make, since you will have to find some way of averaging the rewards from mining. One big or slow day will make it inaccurate.


That being said, I certainly don't object to the idea.

Basically you need a way of graphing the profitability by averaging the last n number of blocks. Perhaps a rolling 100 block average.

Under favourable conditions, PMC could make $15 a day on 10ghash/sec if PMC pricing is at 0.001, and if block rewards average out to 1 PMC. Which was certainly the case a day or or so ago.

This is also taking into account Bitcoin's appalling price at the moment. The profitability will go up once the price of BTC goes up. Right now with that hashpower you would make $0.41 a day, but with a 100ghash cube, that would be $4.10 a day, and considering the low BTC rate, the low network activity and also the recent dump on the exchanges that isn't bad.

Favourably a 100ghash cube could generate $150 a day, I think. Even then, you'd need to average out your daily earnings as the block reward average changes each day. So half of that would be quite reasonable as a favourable average.

[bungholio]

Sent a mail to https://www.mintpal.com/voting for add PMC at vote.

I registered an account, voted and sent 0.0095 BTC as "encouragement" for PMC to get listed. 

[Nullu]

This faucet never will work, if no one donates  

http://faucet.cryptodemand.com/faucet

I can not encourage donating to that faucet. The dev for that faucet was given thousands on PMC, but they were removed from the faucet, and the faucet does not work.

if you wish to donate to a faucet, donate to the official faucet at faucet.premineco.in

Ever track those transactions?

Yes, it is just sitting in an address, hasn't moved in awhile last time i looked.

http://blockchain.premineco.in/a/16PsWmgn2E

I've dropped Musent a PM to find out what's going on. He was online today, so there's no reason he can't pop in and explain the situation. Did you send the coins in good faith that they'd be used solely for the faucet, or were they a bounty reward?

[shanent]

Sent a mail to https://www.mintpal.com/voting for add PMC at vote.

I registered an account, voted and sent 0.0095 BTC as "encouragement" for PMC to get listed.  

When you have some BTC to give please send to me

EDIT: also PMC are accepted