[ANN][AUR] Auroracoin - a cryptocurrency for Iceland

[SolidStateSurvivor]

Look I found 10 AUR(ar) in my old coin collection.



AMspMoE4DKabzv1ATdJMSf9TBQzKjomAxK

 

No. I think they will immediately try to cash out 10% to 50% (provided they figure out how to do it), most likely around 20%. Most will buy bitcoin with it. Others in Iceland will be buying it up like crazy to exit krona and convert to usd. As AUR rises relative to krona, I think people will switch to hold or accumulation.

But 100 AURar, is 1 Krona. Men eg er Saenskur.

[1714978088]

1714978088

[1714978088]

1714978088

[1714978088]

1714978088

[SockMunkee]

mineabit please check the mail server. I want to unlock, to fill in the payment addres.
no mail received thx

Please PM me your username and i will check if it is locked (i have manually unlocked every single locked account yesterday).

Also check your email in case it was sent to the spam folder.

I am really not sure why you are having so many problems as most miners on the pool seems to be able to set their payment address and withdraw coins.

Hello Mineabit,

Is the pool down, or is it just me?

http://aur.pool.mineabit.com/

Thanks!

[DaFockBro]

Why don't people wait until after the massive sell-off to buy into this?  I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.


At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.  

There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.

No. I think they will immediately try to cash out 10% to 50% (provided they figure out how to do it), most likely around 20%. Most will buy bitcoin with it. Others in Iceland will be buying it up like crazy to exit krona and convert to usd. As AUR rises relative to krona, I think people will switch to hold or accumulation.

Have you ever given a non-crypto person some Bitcoins or crypto before?  Typically their very first question is "how do I get $ for this?"

You have to be realistic about it.  It's basic economics.  When you flood an entire market with a free good, there will be an oversupply of that good.  This will lead to a massive drop in price as all the sellers start selling (even if it's just 20% of Icelanders trying to sell, it'll lead to a massive crash)

[Lloydie]

Right now, AUR is totally global.

INTEREST in Auroracoin is global. The majority of the coin is not even in circulation yet. How can you think that the market has accurately determined a value when the vast majority of the coin is not in anyone's hands, to be used/traded?

Full information disclosure. We have to assume the markets are properly pricing in data. Of course, markets aren't perfect and can overshoot. Personally, I thought AUR was worth somewhere around $50 to maybe $100 depending on potential adoption rate in Iceland and given the size of Ireland's economy at us $12 billion. So I personally believe the coin is near fully priced in based on current info. But no one knows how this is going to pan out.

[roede94105]

Why don't people wait until after the massive sell-off to buy into this?  I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.


At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.  

There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.

No. I think they will immediately try to cash out 10% to 50% (provided they figure out how to do it), most likely around 20%. Most will buy bitcoin with it. Others in Iceland will be buying it up like crazy to exit krona and convert to usd. As AUR rises relative to krona, I think people will switch to hold or accumulation.

Have you ever given a non-crypto person some Bitcoins or crypto before?  Typically their very first question is "how do I get $ for this?"

You have to be realistic about it.  It's basic economics.  When you flood an entire market with a free good, there will be an oversupply of that good.  This will lead to a massive drop in price as all the sellers start selling (even if it's just 20% of Icelanders trying to sell, it'll lead to a massive crash)

Forget it man, they won't admit it is 95% likely the market crashes hard until it happens (basic economics and simple logic). Wait and see until it's too late for them.

[Lloydie]

Why don't people wait until after the massive sell-off to buy into this?  I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.


At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.  

There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.

No. I think they will immediately try to cash out 10% to 50% (provided they figure out how to do it), most likely around 20%. Most will buy bitcoin with it. Others in Iceland will be buying it up like crazy to exit krona and convert to usd. As AUR rises relative to krona, I think people will switch to hold or accumulation.

Have you ever given a non-crypto person some Bitcoins or crypto before?  Typically their very first question is "how do I get $ for this?"

You have to be realistic about it.  It's basic economics.  When you flood an entire market with a free good, there will be an oversupply of that good.  This will lead to a massive drop in price as all the sellers start selling (even if it's just 20% of Icelanders trying to sell, it'll lead to a massive crash)

Yet the price of bitcoin rises. Sure. I accept that the possibility of a price crash cannot be eliminated. However, I think Icelanders are smart and most likely AUR will stabilise.

Plus it will not be easy for most Icelanders to sell it. They will have to learn about cryptos first.

[portice]

So you're telling me all I need to do to make a ton of money is:

• Create a clone coin.
• Set it to low reward/high difficulty.
• Premine the majority of it and keep those coins out of circulation (and make up a good reason for premining so many to avoid negativity).
• Get the coin onto an exchange/CoinMarketCap.
• Let people gawk over the value (due to the fact there are so many coins in existence but not in circulation, therefor locking in that higher price due to the inability for the public to dump it).
• Coin price will skyrocket due to the stable high price and huge market cap (due to all the premined coins).

Who knew it was so easy? I'd be willing to bet we'll see a few more coins do this before people catch on. Maybe I should get into coin development...

I see two very likely scenarios for this coin:
- The dev is an honest man, he WILL give all the premine to all Icelandic people. A part of them will probably never touch them (no idea how/ convinced it's a scam etc...), a part will keep them and find all this interesting, and the majority will take them, and dump them into the exchanges, claim their BTC's and leave it. The market will crash.

- The dev is not honest, but pretty smart. he will move the coins only starting the announced 25th of March, and keep it all / just a part / say it takes time to send it to everyone / whatever else, and sell small amounts regularly, make huge profits given the current price, and enjoy a frappuccino with his future bro Mark Karpeles.

Gonna vote option 2 because I'm a pessimist.  I hope people invest/mine with caution and you guys make some money.  But honestly, I'm thinking you made the OP a pretty dime.

[super3]

Here are my predictions.

1) We have massive pumps to $100-200 per coin
2) Right before the AirDrop there is a massive sell off
3) Enterprising Icelanders get their AirDropped coins and sell as well
4) Media attention goes through the roof
5) Massive buyback, as everyone wants to get AUR at a low price
6) Even more media attention
7) Early Icelanders regret selling and learn to HODL
New Icelanders are wondering why they are missing out on this. Massive fiat dump into crypto.
9) Some level of acceptance in Iceland
10)
11) Profit for all

[makishart]

P2POOL node JUST LAUNCHED!!!
no registration required!

join our node!!
http://aur.gr2pool.eu:12347/static/

located in EU

[mineabit]

mineabit please check the mail server. I want to unlock, to fill in the payment addres.
no mail received thx

Please PM me your username and i will check if it is locked (i have manually unlocked every single locked account yesterday).

Also check your email in case it was sent to the spam folder.

I am really not sure why you are having so many problems as most miners on the pool seems to be able to set their payment address and withdraw coins.

Hello Mineabit,

Is the pool down, or is it just me?

http://aur.pool.mineabit.com/

Thanks!

It's not just you, the pool was happily hashing at 600Mh and over when it was hit by a ddos attack.

As a precaution the server is now isolated and I am hoping to bring it back up as soon as possible

[Winky]

Can somebody from http://aur.easy-mine.eu invite me?

[adversor]

Just added Aurora coin to www.altcoinstats.com

Most profitable coin to mine atm, Marketcap > USD 800 mio 

[Nthused]

This coin is Just Wow !

[That Guy]

I really like the idea behind Auroracoin and hope it works out. I had mined over 100 of these and recently sold on the incline, this is mainly due to my opinion that this is massively overvalued and is being pumped, this last increase I think will spike soon and we will fall WAY back down. I'm not calling this a scam or anything, just that the market is being played, and its about to drop (I think), this is the reason I sold, and hope to buy them back once it stabilizes.

At this time, Auroracoin is running on hopes and dreams, and thinking as an investor, with incoming good news about Bitcoin tomorrow, I think whoever is pumping is gonna want to switch back to Bitcoin tonight.

I'm still new to this, and this is just my opinion, so take it for what its worth.

[Kifissia]

So where do we mine? I see all pools have mined 0 in the last hour, and almost all pools 0 the last 24hours. Who is finding the blocks?

[fearisfearless]

So where do we mine? I see all pools have mined 0 in the last hour, and almost all pools 0 the last 24hours. Who is finding the blocks?

+1 With a network average time of 12 minutues? 

[Shahrukh]

3000 BTC/AUR here that is insane.

[Maurizio]

So where do we mine? I see all pools have mined 0 in the last hour, and almost all pools 0 the last 24hours. Who is finding the blocks?

http://p2pool.crunchpool.com:12347/static/index.html
I mine there with 7mh no, last 15hours 0.62aur.
mineabit also worked fine and the pooladmin
makes a good support, answered all my q`s.

[That Guy]

I really like the idea behind Auroracoin and hope it works out. I had mined over 100 of these and recently sold on the incline, this is mainly due to my opinion that this is massively overvalued and is being pumped, this last increase I think will spike soon and we will fall WAY back down. I'm not calling this a scam or anything, just that the market is being played, and its about to drop (I think), this is the reason I sold, and hope to buy them back once it stabilizes.

At this time, Auroracoin is running on hopes and dreams, and thinking as an investor, with incoming good news about Bitcoin tomorrow, I think whoever is pumping is gonna want to switch back to Bitcoin tonight.

I'm still new to this, and this is just my opinion, so take it for what its worth.

what good news tomorrow? care to fill me in?

Nothing major, just the CEO of Blockchain.info say they have some good news to announce tomorrow, who knows what it is and what kind of an affect it could have on the price.

[makishart]

P2POOL node JUST LAUNCHED!!!
no registration required!

join our node!!
http://aur.gr2pool.eu:12347/static/

located in EU