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

[molecular]

Is this a multipool problem, mining kicking in and out depending on the price of Aur?

yes an no (yes: multipool. no: triggered by price)

coin gets stuck at high diff -> we resurrect it (unprofitable, bad image for AUR, transaction lag) -> difficulty drops enourmously -> those multipools jump on the coin like flies on shit (profitable for them) -> difficulty shoots up. rinse and repeat.

price is pretty much stable, so that doesn't play a large role. It's an interesting interplay of the kimoto gravity well difficulty adjustment and the aggregate multipool logic to allocate hashrate. I think the problem is well understood and solved by now... we're using old tech basically.

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[molecular]

I can throw in an occasional Gh too if needed. Already have 140Mh dedicated atm...

That is awesome!

We need to have some baseline mining, thanks for providing the 140MH. That's already doing much good!

Should you discover the coin stuck at high diff and you want to get it going again, I think the best way to do it is to...

1.) do it quickly (the longer things are stuck the harder the diff will drop after the block is found, I think, increasing the negative effect of the hoardes of miners piling in)

2.) stop quickly after you found the block for the same reason (decrease network hashrate after block was found)

I'm not really sure this is true, though and I wouldn't blame you to try to recoup some of your cost by mining with the masses after the block was found.

It usually doesn't take too long, either. Took me between 5 and 30 minutes (on 3 occasions) at 0.2 to 1.5 GH/s to get things going again in the past.

This is clearly not sustainable, of course. We're just funneling money towards the multipool miners.

[LTEX]

I've been here supporting AUR from day one mate, so I know I'm not here supporting for personal profit ;-) I'm here to support the tremendous possibilities this coin (and the country it provides) can offer to the entire Crypto landscape. We need to get the algo fixed fast, already working on that with the new DEV team...

[LTEX]

Three more days until the airdrop ends! Let's see if Balduro does his final act and proves his legitimacy once more by destroying the remaining pre-mine. From there a very dedicated and capable new DEV team is ready to get this coin into phase two!

[rocanonz]

I'm sure that Balduro will do the right thing, regarding the premined coins.

[molecular]

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing

[molecular]

Three more days until the airdrop ends! Let's see if Balduro does his final act and proves his legitimacy once more by destroying the remaining pre-mine. From there a very dedicated and capable new DEV team is ready to get this coin into phase two!

To be honest: after the deviation from the initial airdrop plan, I'm not sure wether balduro will destroy the premine. I have some hope, but I wouldn't be surprised if nothing happens and maybe even the airdrop continues.

How many days will you wait after the 25th until you decide balduro wont destroy the premine?

[rocanonz]

Three more days until the airdrop ends! Let's see if Balduro does his final act and proves his legitimacy once more by destroying the remaining pre-mine. From there a very dedicated and capable new DEV team is ready to get this coin into phase two!

To be honest: after the deviation from the initial airdrop plan, I'm not sure wether balduro will destroy the premine. I have some hope, but I wouldn't be surprised if nothing happens and maybe even the airdrop continues.

The airdrop deviation was justified.

According to the power low, the coin is in good shape.
Looking at the charts (no. of nodes, network hashate, top100, etc.) and the sentiment around the coin, is clear that the airdrop must end soon.
Also I believe that a forced takeover will create a bad history for the coin. Given the circumstances I'm sure Balduro will do the right thing.

As I can see, he has two options:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

[rocanonz]

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing

OK 

I'm betting 1000AUR on Balduro making the right thing.

He has two options to do the things right:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

[molecular]

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing

OK 

I'm betting 1000AUR on Balduro making the right thing.

He has two options to do the things right:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

make that BTC 0.06 (currently equals AUR 1000) and give me a date until Balduro has to have done 1) or 2) and I'm in. gentlemans bet?

[Jamil.Kamil]

Aurora is my wife's best friends...so as name will my best Coin list too....

[rocanonz]

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing

OK 

I'm betting 1000AUR on Balduro making the right thing.

He has two options to do the things right:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

make that BTC 0.06 (currently equals AUR 1000) and give me a date until Balduro has to have done 1) or 2) and I'm in. gentlemans bet?

Perfect, I'm totally in. Deadline 31/03/2015, 23:59. BTC 0.06

[dinobotta]

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing

OK 

I'm betting 1000AUR on Balduro making the right thing.

He has two options to do the things right:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

I think option 2) equally distribute the remaining premined coins to the 1 stage airdrop addresses is a great way to end the airdrop.

[molecular]

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing

OK  

I'm betting 1000AUR on Balduro making the right thing.

He has two options to do the things right:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

make that BTC 0.06 (currently equals AUR 1000) and give me a date until Balduro has to have done 1) or 2) and I'm in. gentlemans bet?

Perfect, I'm totally in. Deadline 31/03/2015, 23:59. BTC 0.06

Perfect.

Give me some time to react, though. I'll be travelling at the time.

EDIT: timezone of your date? UTC?

[rocanonz]

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing

OK  

I'm betting 1000AUR on Balduro making the right thing.

He has two options to do the things right:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

make that BTC 0.06 (currently equals AUR 1000) and give me a date until Balduro has to have done 1) or 2) and I'm in. gentlemans bet?

Perfect, I'm totally in. Deadline 31/03/2015, 23:59. BTC 0.06

Perfect.

Give me some time to react, though. I'll be travelling at the time.

EDIT: timezone of your date? UTC?

OK. Iceland time zone GMT

[rocanonz]

I'm sure that Balduro will do the right thing, regarding the premined coins.

I think option 2) equally distribute the remaining premined coins to the 1 stage airdrop addresses is a great way to end the airdrop.

I totally agree! Equal distribution of the remaining premined coins, to the 1 stage airdrop addresses, serves the purpose of the airdrop the best way.

[molecular]

I'm sure that Balduro will do the right thing, regarding the premined coins.

I think option 2) equally distribute the remaining premined coins to the 1 stage airdrop addresses is a great way to end the airdrop.

I totally agree! Equal distribution of the remaining premined coins, to the 1 stage airdrop addresses, serves the purpose of the airdrop the best way.

The purpose of the airdrop is not the only thing important here. There have also been "investors" who gave AUR value in the first place by buying them from the Icelandic people who wanted to cash out.

If more than 6% of the total Airdrop supply (10,500,000) remain in the premine addresses after Stage 3, any coins exceeding the 6% mark will be verifiably destroyed.

why not simply proceed according to plan?

[rocanonz]

I'm sure that Balduro will do the right thing, regarding the premined coins.

I think option 2) equally distribute the remaining premined coins to the 1 stage airdrop addresses is a great way to end the airdrop.

I totally agree! Equal distribution of the remaining premined coins, to the 1 stage airdrop addresses, serves the purpose of the airdrop the best way.

The purpose of the airdrop is not the only thing important here. There have also been "investors" who gave AUR value in the first place by buying them from the Icelandic people who wanted to cash out.

If more than 6% of the total Airdrop supply (10,500,000) remain in the premine addresses after Stage 3, any coins exceeding the 6% mark will be verifiably destroyed.

why not simply proceed according to plan?

The airdrop blueprint also states that:
"The right is reserved to repeat the Airdrop reset stages as many times as necessary to get the coins into circulation, as well as any other measure intended for the same purpose."

[molecular]

I'm sure that Balduro will do the right thing, regarding the premined coins.

I think option 2) equally distribute the remaining premined coins to the 1 stage airdrop addresses is a great way to end the airdrop.

I totally agree! Equal distribution of the remaining premined coins, to the 1 stage airdrop addresses, serves the purpose of the airdrop the best way.

The purpose of the airdrop is not the only thing important here. There have also been "investors" who gave AUR value in the first place by buying them from the Icelandic people who wanted to cash out.

If more than 6% of the total Airdrop supply (10,500,000) remain in the premine addresses after Stage 3, any coins exceeding the 6% mark will be verifiably destroyed.

why not simply proceed according to plan?

The airdrop blueprint also states that:
"The right is reserved to repeat the Airdrop reset stages as many times as necessary to get the coins into circulation, as well as any other measure intended for the same purpose."

ok, you're right. I wasn't aware.

In that case I don't care wether 1.) or 2.) is done.

[dinobotta]

http://claim.auroracoin.org/ is down!