..

[markj113]

why bother mining, the 50 billion coins creamed off by the dev are for a give away 

Ill take 100 million to kick the freebie off.

[cherominerito]

50 billion premined? 50%?

hahahahahahahahha

[mojosplurr]

50% premine, 25% for dev 25% for VERN to ADD to Cryptsy.

[MsCollec]

are you kidding me 50%, this coin will be dead by tomorrow

[elixir]

can we at least get a pool its not fair on new miners. 

[elixir]

so is anyone successfully mining. ive also had problems solo mining this is my command file.

cgminer --scrypt -o stratum+tcp://127.0.0.1:9301 -u mypcusername -p 123  --worksize 256 --lookup-gap 2 --thread-concurrency 8192 -g 2 --intensity 12 -Q 0

ive taken out the user name.

does this look right, when i start the miner it just opens up sits their for a while then closes. could some one please help im so fed up of trying to mine a coin at launch and failing.

edit : i had the wrong port because i copied it from a solo mining guide. so ive changed it to 63115

[minecrew]

Very fun images of piggies. )

[kendo22]

How do i know if im mining using the console in the qt? DO gpus not work at this stage? What settings should i be using? Mining noob :S

[bitbaron]

When it was announced I really though this coin had potential... Dev had to go get greedy and premined 50%... Absolutely no excuse for that much... .5%/ 1% maybe... definitely not 50%
Now its dead before it started...  and almost a bigger scam than Coinye...

Back to Doge... the one that won't screw you...

[Gcr0n]

ah i liked this coin.. 50% premine?.. why...

[MisO69]

Fukin' idiot dev I just seen this.  "value" : 50000000000.00000000  BASTARD!!   

[cherominerito]

Fukin' idiot dev I just seen this.  "value" : 50000000000.00000000  BASTARD!!   

@Fung all those coins are for non miners -all will be given away.  i will announce my vision for ninten coin in a blog post tomorrow.

@fung, not everyone has equipment to mine.  not everyone wants to mine.  what gives a currency value is more than the security on a network.  i will explain my vision for ninten coin tomorrow.  and yes, all the coins will be...

http://nintencoin.com/

[phazon307]

Lol show her you created your own coin you spent 0.05 to have them make you a scrypt coin you fool.

[TheMightyX]

Dev premines 50% of all coins then tries to say hes going to give them all away.
not even a warning before doing it. What an amateur.

There is no way to fairly give them all away.

Even if 2000 people ask for coins:
Each person would get 25,000,000 coins.

How is that fair to the people that have to mine them?

Lets say you keep half of the premine for bounties or giveaways (none of which are actually required for the success of a coin), you would still need to give away coins to 2000 people. That's a hell of a lot of work and still each person would get 12,500,000 coins! Keep in mind that even the NEM project has only 1400 subscribes and that thread is 90 pages long AND those users had to PAY to get in.
You will be lucky if you get 200 people asking for these coins. Which means you would have to give away 250,000,000 per person? Ya right.

Regardless of what you do, if you give them away you've made it pointless to mine them. If you keep them you're a scammer and youre coin is dead.


The only thing you can do is burn all of the coins except for 1%

If you burn them, the max coin supply decreases by 50% and everyone is happy.
If everyone is in favor of the dev burning those coins, tell him so.

[bitwho]

look at dimecoin...... wtf. they only pre mined 32 billion 


they are still struggling now

[almightyruler]

The only thing you can do is burn all of the coins except for 1%

If you burn them, the max coin supply decreases by 50% and everyone is happy.
If everyone is in favor of the dev burning those coins, tell him so.

Good suggestion. This seems to be the only way to 'fix' the ridiculous premine without restarting the chain. Mined coins are virtually worthless when such a huge amount (equivalent to the entire supply of all future mined coins - mind boggling!) can be dumped by the dev at will.

FWIW, here's the difficulty changes so far (retargets every 60 blocks) :

0.00024414
0.00054119
0.00074419
0.0021229
0.00208811
0.00434274
0.01737098
0.06948391
0.18285282
0.22864609
0.29758742
0.38914653
0.3564707
0.51127321
0.65782342
0.50742929
0.41773435
0.45092993

[MsCollec]

No BS bro you planning to give 50% away, you should have mine the whole 100% since this is the new ripple 2.0

[bykardinal]

1st post deleted) smth wrong ...

[CryptoPiggy]

So much fail... Don't be an idiot.  You need to destroy that 50% premine.  Keep less than 1% of the total or nobody is going to support this coin now.

[almightyruler]

1st post deleted) smth wrong ...

He'll probably be back again in a few days with another newbie account and another coin.