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

[Mivexil]

Imagine somebody gave you some weird, difficult to use and not very useful to you technological device - for example, a ham radio. Would you try to understand how it works and become a hobbyist radioamateur, or just pawn it for $500 at the local thrift store or something?

And even that is assuming that the dev doesn't make a few thousand sock puppets and claim the coins himself, left pocket to right pocket. A very optimistic assumption.

I get what you're saying but is crypto really any less complicated now for the average person acquiring it the "normal" way? I wanted to pull my hair out trying to help my dad buy bitcoin from coinbase, setting up 2FA and then send it to another exchange and buy PMC. I don't think every citizen of Iceland will start using it but I think the media attention will be huge. Besides in a smaller city all it really takes is a few guys with a booth set up to help the average person out, and even convince them to hold onto their money for a long time until crypto is easier to use for the common person.

Yeah, but the only reasonable way to proceed is "dump before your neighbour dumps". In this case, it's even your actual neighbour

However you want to look at it, it's 500 times the market cap flooding the market in one instant and making the currency worthless. Honestly, would you hold on to that? Even if you were to get into cryptocurrencies, it's still way better to sell it for BTC (or PMC )

Anyway, back to PMC, seems like the market is somewhat in the red now... guess people really want to get on that AUR train. They're gonna be surprised when it falls off the cliff, and they'll end up rebuying their PMC way higher

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[kbroadfoot]

Imagine somebody gave you some weird, difficult to use and not very useful to you technological device - for example, a ham radio. Would you try to understand how it works and become a hobbyist radioamateur, or just pawn it for $500 at the local thrift store or something?

And even that is assuming that the dev doesn't make a few thousand sock puppets and claim the coins himself, left pocket to right pocket. A very optimistic assumption.

I get what you're saying but is crypto really any less complicated now for the average person acquiring it the "normal" way? I wanted to pull my hair out trying to help my dad buy bitcoin from coinbase, setting up 2FA and then send it to another exchange and buy PMC. I don't think every citizen of Iceland will start using it but I think the media attention will be huge. Besides in a smaller city all it really takes is a few guys with a booth set up to help the average person out, and even convince them to hold onto their money for a long time until crypto is easier to use for the common person.

Yeah, but the only reasonable way to proceed is "dump before your neighbour dumps". In this case, it's even your actual neighbour

However you want to look at it, it's 500 times the market cap flooding the market in one instant and making the currency worthless. Honestly, would you hold on to that? Even if you were to get into cryptocurrencies, it's still way better to sell it for BTC (or PMC )

Anyway, back to PMC, seems like the market is somewhat in the red now... guess people really want to get on that AUR train. They're gonna be surprised when it falls off the cliff, and they'll end up rebuying their PMC way higher

We can only hope....  there is someone totally badmouthing PMC in the trollbox at Polonex as well... claims the 'Dev" is pumping and dumping PMC..... what is it with some people? I don't think the DEV has even sold any PMC there...  bought it yes... but sold it? Don't think so...

[Mivexil]

Imagine somebody gave you some weird, difficult to use and not very useful to you technological device - for example, a ham radio. Would you try to understand how it works and become a hobbyist radioamateur, or just pawn it for $500 at the local thrift store or something?

And even that is assuming that the dev doesn't make a few thousand sock puppets and claim the coins himself, left pocket to right pocket. A very optimistic assumption.

I get what you're saying but is crypto really any less complicated now for the average person acquiring it the "normal" way? I wanted to pull my hair out trying to help my dad buy bitcoin from coinbase, setting up 2FA and then send it to another exchange and buy PMC. I don't think every citizen of Iceland will start using it but I think the media attention will be huge. Besides in a smaller city all it really takes is a few guys with a booth set up to help the average person out, and even convince them to hold onto their money for a long time until crypto is easier to use for the common person.

Yeah, but the only reasonable way to proceed is "dump before your neighbour dumps". In this case, it's even your actual neighbour

However you want to look at it, it's 500 times the market cap flooding the market in one instant and making the currency worthless. Honestly, would you hold on to that? Even if you were to get into cryptocurrencies, it's still way better to sell it for BTC (or PMC )

Anyway, back to PMC, seems like the market is somewhat in the red now... guess people really want to get on that AUR train. They're gonna be surprised when it falls off the cliff, and they'll end up rebuying their PMC way higher

We can only hope....  there is someone totally badmouthing PMC in the trollbox at Polonex as well... claims the 'Dev" is pumping and dumping PMC..... what is it with some people? I don't think the DEV has even sold any PMC there...  bought it yes... but sold it? Don't think so...

That, uhm, might have been me

I said a while ago that the dev has given away all his coins, rebought some of them (AFAIR?) and for me, he can do whatever he damn well pleases with them. Seems like somebody there misunderstood me

[SlidingHorn]

So my article had a trackback, and I found something interesting about the entry that linked to mine.  At the end, the author determines PMC to be "High Risk" - immediately followed by a line stating that it was a suggested, paid review from applecoin.  Are they hiring hit pieces?  lol

Here's the article:  http://cryptofrenzy.wordpress.com/2014/03/03/the-future-of-bitcoin-premine/

[creditcoin_CRD]

http://cryptofrenzy.wordpress.com/2014/03/03/the-future-of-bitcoin-premine/


Have a read.

[Ait]

Interesting chart here, we're number 53 - could definitely do with improving PMC's Reddit!

http://crypt.la/2014/03/01/top-100-digital-currencies-by-social-media-presence/

[Mivexil]

The 30k sell order is gone on Poloniex weird, still wonder who has bought so much

Well, wasn't that hard when people were selling it for pennies Plus maybe some early giveaway bonuses.

At least I hope he had honestly bought it, that means he won't be likely to sell it under a certain price

[pixmo]

Dont forget to vote for PMC @ bter.com:
https://bitcointalk.org/index.php?topic=280806.440

[maardein]

The 30k sell order is gone on Poloniex weird, still wonder who has bought so much

Yeah, in general the size of sell orders seems to go down slowly. At this moment there are only two sell orders of >1000PMC, one for 1100, and one for 3700. I think this is a good thing. It means PMC is getting distributed more evenly, and the big holders that are left don't seem to be dumpers.

[creditcoin_CRD]

The 30k sell order is gone on Poloniex weird, still wonder who has bought so much

Yeah, in general the size of sell orders seems to go down slowly. At this moment there are only two sell orders of >1000PMC, one for 1100, and one for 3700. I think this is a good thing. It means PMC is getting distributed more evenly, and the big holders that are left don't seem to be dumpers.

So far that seems to be the case. Hopefully it stays the same as the price increases.

[maardein]

The 30k sell order is gone on Poloniex weird, still wonder who has bought so much

Yeah, in general the size of sell orders seems to go down slowly. At this moment there are only two sell orders of >1000PMC, one for 1100, and one for 3700. I think this is a good thing. It means PMC is getting distributed more evenly, and the big holders that are left don't seem to be dumpers.

So far that seems to be the case. Hopefully it stays the same as the price increases.

Well I am not going to dump a lot at once for sure. Actually, dumping huge amounts actually is quite stupid, since it will probably give you less profit compared to selling bits over a longer period. Especially with a coin like this, that doesn't have new coins coming to the market daily.

[wosch]

I'm talking to the owner of a new exchange (www.atomic-trade.com) trying to get PMC added.  I think we may stand a chance of doing so.  Please help me out.
...

Should we still be interested in getting added on atomic trade? I'm not sure.
They have a poll running and add more coins to the poll when asked.
https://bitcointalk.org/index.php?topic=491588.0

[creditcoin_CRD]

I don't really see the cause-and-effect connection between the dev giving away the coins and the cryptocommunity growing stronger.

Imagine somebody gave you some weird, difficult to use and not very useful to you technological device - for example, a ham radio. Would you try to understand how it works and become a hobbyist radioamateur, or just pawn it for $500 at the local thrift store or something?

Yes, I would plug it in, read about it, make it work, then have it taken apart before midnight.... But that's just me.

[maardein]

I don't really see the cause-and-effect connection between the dev giving away the coins and the cryptocommunity growing stronger.

Imagine somebody gave you some weird, difficult to use and not very useful to you technological device - for example, a ham radio. Would you try to understand how it works and become a hobbyist radioamateur, or just pawn it for $500 at the local thrift store or something?

Yes, I would plug it in, read about it, make it work, then have it taken apart before midnight.... But that's just me.

Well, I first had to look up the term 'ham radio' but yes, I would probably do the same

[creditcoin_CRD]

If you want to mine, and you don't have a miner fast enough to mine solo:

Mine here for 24h: So I can get a speed estimate.


Supports Stratum AND Getwork:

node1.premineco.in:9999

Username: your bct username

Password: anything


I will measure the speed for 24 hours to determine viability of a private pool.

So... this pool had 2 miners (1.20 GHS) and it made 0.13534078 PMC

hardly a popular thing. I will leave it open for anybody who wants to mine on it for awhile. The two that mines will receive 1PMC each from me for helping out.

[TheBeardedMann]

Yes, I would plug it in, read about it, make it work, then have it taken apart before midnight.... But that's just me.

Ditto!  That's why I love Android.  And when I got my K100 (Entry Vape Mechanical Mod, but still really nice), first thing I did is Google "What to do with a K100"  I can't leave things alone.  I sanded the contact points after a few vapes, just because.

Back to the exchanges, I still believe this:

IMO, Cryptsy will only happen when we start generating some volume on the exchanges that we do have.  And to a lesser degree, showing that we have a stable, secure hashrate.

And also, with no new coins being introduced, two issues could arise:
1) With the low volume, someone could be buying up a ton of coins and may dump at their set price, not necessarily what's on the exchange.  Which could kill the price of PMC.  They also may just be looking at the volume of buy orders, not the price as much per se.  Who knows, PMC was dirt cheap a little bit ago (missed that boat, dumbass).
2) Forgotten coins.  Who knows how many PMC were given out and forgotten once the faucet dropped to 3, 6 or 24 hour drips.  Or even when the amount dropped, dropped (Lol!).  People may have held and have since forgotten.  Now, in this case, they'll probably remember once PMC price rises.

My thought is to be on as many exchanges as possible for a coin like PMC right now.  PMC needs to be known that it's spread out, not hoarded and only traded on one exchange by Pump N' Dumpers.  That's my thought for this moment right now.  Things can change.

[VforVictory]

If you want to mine, and you don't have a miner fast enough to mine solo:

Mine here for 24h: So I can get a speed estimate.


Supports Stratum AND Getwork:

node1.premineco.in:9999

Username: your bct username

Password: anything


I will measure the speed for 24 hours to determine viability of a private pool.

So... this pool had 2 miners (1.20 GHS) and it made 0.13534078 PMC

hardly a popular thing. I will leave it open for anybody who wants to mine on it for awhile. The two that mines will receive 1PMC each from me for helping out.

Can't seem to connect to this...

[kbroadfoot]

If you are a cpuminer:

minerd.exe -o node1.premineco.in:9999 -u yourbitcointalkname -p anything -a sha256d -t <numberof threads>

It worked for me... but I didn't for very long...

[TheBeardedMann]

If you want to mine, and you don't have a miner fast enough to mine solo:

Mine here for 24h: So I can get a speed estimate.


Supports Stratum AND Getwork:

node1.premineco.in:9999

Username: your bct username

Password: anything


I will measure the speed for 24 hours to determine viability of a private pool.

So... this pool had 2 miners (1.20 GHS) and it made 0.13534078 PMC

hardly a popular thing. I will leave it open for anybody who wants to mine on it for awhile. The two that mines will receive 1PMC each from me for helping out.

Can't seem to connect to this...

Post your startminer.bat or whatever you call it.  With all the scrypt coins, you may still have that trying to mine PMC.

[maardein]

Have you guys also noted that the 24h volume on poloniex seems to do some weird things somtimes? It just dropped from 12.3 BTC to 5.7 BTC in like half an hour?