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Author Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland  (Read 492964 times)
NutMasterTardd
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February 28, 2014, 02:10:08 AM
 #821

At the very least Auroracoin paves the way for other similar copycat national coins where they have national ids.  Think Singapore Coin, Taiwan Coin, HK Coin, Austria Coin, Belgium Coin, Czech, Poland - heck most of the EU.

The market cap for each coin will go up and the citizens get "free" money.  Some of these coins may succeed and some won't depending on the devs.  Overall, Bitcoin will be the big winner due to populations becoming aware of cryptos.

BTW, the biggest "enemy" of bitcoin is apathy with only 0.02% of global population owning any.

+1




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naplam
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February 28, 2014, 02:14:45 AM
 #822


Guys, mine AUR on p2pool to help decentralisation:
http://p2pool.CrunchPool.com:12347/
Our node has the best efficiency in the network, hardly any DOA or orphan shares!
- and we have the capacity to handle a lot more miners

serje
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Ibiza baby!


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February 28, 2014, 02:15:51 AM
 #823


Guys, mine AUR on p2pool to help decentralisation:
http://p2pool.crunchpool.com:12347/
Our node has the best efficiency in the network, almost no DOA or orphan shares!

APGpx7ejE1YtcnGXUNrjH42xh9Bgb7Q78V   46.3kH/s   0H/s   0%
I mine there!

Any tips on how to increase my hashrate?

naplam
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February 28, 2014, 02:18:38 AM
 #824


Guys, mine AUR on p2pool to help decentralisation:
http://p2pool.crunchpool.com:12347/
Our node has the best efficiency in the network, almost no DOA or orphan shares!

APGpx7ejE1YtcnGXUNrjH42xh9Bgb7Q78V   46.3kH/s   0H/s   0%
I mine there!

Any tips on how to increase my hashrate?
What are you using? I'd get a better GPU, 46kh is very little hashpower. AMD radeon 7950, 7970, r9 280x, r9 270x, r9 290..
Thanks for helping btw Wink

serje
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Ibiza baby!


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February 28, 2014, 02:19:52 AM
 #825


Guys, mine AUR on p2pool to help decentralisation:
http://p2pool.crunchpool.com:12347/
Our node has the best efficiency in the network, almost no DOA or orphan shares!

APGpx7ejE1YtcnGXUNrjH42xh9Bgb7Q78V   46.3kH/s   0H/s   0%
I mine there!

Any tips on how to increase my hashrate?
What are you using? I'd get a better GPU, 46kh is very little hashpower. AMD radeon 7950, 7970, r9 280x, r9 270x, r9 290..
I;m cpu mining it .... will try tomorrow to gpu mine it

Miner232432
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February 28, 2014, 02:20:23 AM
 #826


Guys, mine AUR on p2pool to help decentralisation:
http://p2pool.crunchpool.com:12347/
Our node has the best efficiency in the network, almost no DOA or orphan shares!

APGpx7ejE1YtcnGXUNrjH42xh9Bgb7Q78V   46.3kH/s   0H/s   0%
I mine there!

Any tips on how to increase my hashrate?

DOWNLOAD MOAR RAM FOR GPU!!!

I am blunt, don't like it ? Too bad
CryptoMF
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February 28, 2014, 02:31:26 AM
 #827


Guys, mine AUR on p2pool to help decentralisation:
http://p2pool.crunchpool.com:12347/
Our node has the best efficiency in the network, almost no DOA or orphan shares!

APGpx7ejE1YtcnGXUNrjH42xh9Bgb7Q78V   46.3kH/s   0H/s   0%
I mine there!

Any tips on how to increase my hashrate?

DOWNLOAD MOAR RAM FOR GPU!!!

If you are plugged into a 15 amp outlet try finding a 20 amp instead. Works for me.
solex
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100 satoshis -> ISO code


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February 28, 2014, 02:36:35 AM
 #828

balduro, great initiative and I hope it fully succeeds!

For future-proofing I recommend using the ISO currency code ISA instead of AUR, as the ISO-codes ISA through ISZ are reserved for Iceland. AU codes are reserved for Australia. So, if the new currency looks like displacing the ISK, then it will have a further advantage for being theoretically acceptable by SIX standards and more easily handled in mainstream forex and financial accounting systems.

http://en.wikipedia.org/wiki/ISO_3166-1

The discussion about XBT for Bitcoin which is also relevant here.
https://bitcointalk.org/index.php?topic=148229.0


Fabrizio
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February 28, 2014, 02:41:41 AM
 #829

Lets try to get some action going in the mineabit pool:

***
Mine-a-Bit: http://aur.pool.mineabit.com/
0% Pool Fee / 0.01 AUR tx fee / VarDiff

Excellent for "lower" hashrate miners, and why not for higher hashrates too, compare to pool with 1% pool fee and 0.1 AUR tx fee:
Lets say you set autopayout to 1 AUR.. you pay 0.01 AUR for the pool fees and 0.1 AUR tx fee; thats 0.11AUR taken from every payout.. 11% total fees! // with mineabit, this would be 0.01 AUR tx fee = 1%
With autopayout set to 5 AUR, that would do 0.15 AUR in fees from every payout.. 3% total fees! // with mineabit, the total fees are still 0.01 AUR, which would be 0.2%
***



Bump for reminder / new miners Smiley

--

Stop deluding yourselves and letting your greed blind you. It will not garner interest from even a tiny % of Iceland's population. 20% of the population is under 14 years old. 20% is above 55 years old. The vast, vast majority of citizens (and the verification process on here is ridiculous, and will likely never, ever happen) will never hear of it, never receive the coins and go on with their days.

"Everyone wins." Not the people who buy in when the coin is overvalued when eventually it will be worth virtually nothing. They will lose. But, I guess, free market, only the strong survive. It just boggles my mind that there are actually people buying into this.

As mentioned already, Iceland has a pretty small population in very concentrated areas, so information gets passed around quick and efficiently. And when you consider the age of the population, where over 50% are aged between 15-54, it is more likely that there will be more adoption since "youngsters" are more likely to be up to date on technological advancements and more knowledgeable of them.
Iceland has according to some studies the highest adoption rate for bitcoin compared to total population, so getting the word out about the aurora can spread fast.
Also if you have followed the news and happenings from Iceland, you know the people are not very fond of banksters and could very well be willing to adopt a currency like this Wink

Freicoin [FRC]: 1CPPYhvmVegTxmQVNk4QzUfqx5MUfMnjG5 (SHA-256'ing @ Joe's Pool) -  Datacoin [DTC]: DSbjvc8Y1Yqj277S4AKqQ6qkYcFocqBaTy - Bitcoin BTC: 137x97rjuPZv5VZF9NJWVCJsug6mPtMDFT -
hammer1
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February 28, 2014, 02:46:45 AM
 #830

Better question is "for how long". Seeing how there will be probably around 100k Icelanders dumping their coins for BTC, then dumping BTC for fiat, this coin might surely have serious implications - but not the ones you think of.

What is your plan to profit from your vision?

Depends. Can I short it for a month somewhere?

Actually, seeing how if the current rate were to be sustained, the premine would be worth 300,000 BTC... I'm almost considering shorting BTC too.

Man, I wish I could've shorted at .03...would've already doubled my money.
infinitalus
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February 28, 2014, 02:52:58 AM
 #831

im watching the whale with 200+ coins play around on cryptorush. i bet hes been having fun
Mivexil
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February 28, 2014, 02:54:42 AM
 #832

Lets try to get some action going in the mineabit pool:

***
Mine-a-Bit: http://aur.pool.mineabit.com/
0% Pool Fee / 0.01 AUR tx fee / VarDiff

Excellent for "lower" hashrate miners, and why not for higher hashrates too, compare to pool with 1% pool fee and 0.1 AUR tx fee:
Lets say you set autopayout to 1 AUR.. you pay 0.01 AUR for the pool fees and 0.1 AUR tx fee; thats 0.11AUR taken from every payout.. 11% total fees! // with mineabit, this would be 0.01 AUR tx fee = 1%
With autopayout set to 5 AUR, that would do 0.15 AUR in fees from every payout.. 3% total fees! // with mineabit, the total fees are still 0.01 AUR, which would be 0.2%
***



Bump for reminder / new miners Smiley

--

Stop deluding yourselves and letting your greed blind you. It will not garner interest from even a tiny % of Iceland's population. 20% of the population is under 14 years old. 20% is above 55 years old. The vast, vast majority of citizens (and the verification process on here is ridiculous, and will likely never, ever happen) will never hear of it, never receive the coins and go on with their days.

"Everyone wins." Not the people who buy in when the coin is overvalued when eventually it will be worth virtually nothing. They will lose. But, I guess, free market, only the strong survive. It just boggles my mind that there are actually people buying into this.

As mentioned already, Iceland has a pretty small population in very concentrated areas, so information gets passed around quick and efficiently. And when you consider the age of the population, where over 50% are aged between 15-54, it is more likely that there will be more adoption since "youngsters" are more likely to be up to date on technological advancements and more knowledgeable of them.
Iceland has according to some studies the highest adoption rate for bitcoin compared to total population, so getting the word out about the aurora can spread fast.
Also if you have followed the news and happenings from Iceland, you know the people are not very fond of banksters and could very well be willing to adopt a currency like this Wink


It's given out in a month. There's no infrastructure, no retailers accepting it, and we're talking about widespread adoption and displacing the national currency?

In most countries, it takes at least a few years to roll out the currency change, and that's given the government support, not a few hobbyists. Hell, for the general population even the very idea of a cryptocurrency is as alien as Martians.

So, nope. It might - just might - sustain itself as yet another altcoin, but getting the whole country to run at it is about as likely as it is for the world to turn to BTC as the primary currency. Which is "not very much, but maybe in ten years or so".
sammart57
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February 28, 2014, 02:55:06 AM
 #833


Guys, mine AUR on p2pool to help decentralisation:
http://p2pool.CrunchPool.com:12347/
Our node has the best efficiency in the network, hardly any DOA or orphan shares!
- and we have the capacity to handle a lot more miners

am I missing something? every time I start my bat file for cgminer it crashes..
it's just a normal scrypt coin using the instructions on your page right?
illodin
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February 28, 2014, 02:59:48 AM
 #834

Maybe an unusual question, but all you who have expressed your negative feelings/expectations, if you could decide, would you like this project cancelled?
Bimmerhead
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February 28, 2014, 03:00:06 AM
 #835

Auroracoin needs merchant tools.

Please request they add Auroracoin to their supported currencies here:

https://www.coinpayments.net/coinreq
MyFarm
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February 28, 2014, 03:00:17 AM
 #836

It's given out in a month. There's no infrastructure, no retailers accepting it, and we're talking about widespread adoption and displacing the national currency?

In most countries, it takes at least a few years to roll out the currency change, and that's given the government support, not a few hobbyists. Hell, for the general population even the very idea of a cryptocurrency is as alien as Martians.

So, nope. It might - just might - sustain itself as yet another altcoin, but getting the whole country to run at it is about as likely as it is for the world to turn to BTC as the primary currency. Which is "not very much, but maybe in ten years or so".
Rolling out a fiat currency and a cryptocurrency are vastly different.  And the dispersal BEGINS in a month and there are multiple phases (I suggest reading the dispersal plan).  And of course there's no retailers utilizing it now.  But before long, someone in Iceland will be selling Alpaca socks for Auroracoin and it shall begin.

And most of us supporters are not claiming replacement of the national currency.
axxo
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February 28, 2014, 03:24:23 AM
 #837

What separate Auroracoin from other altcoins is a great idea/vision to reach out to the people of a particular country which has never been done before by any coin Dev. With the great things happening currently for AUR this might become the most successful coin in the history of crypto currency.

Though I don't have any AUR I'm very excited about the Airdrop just to find out if the currency will be widely acceptable or not by the Icelandic people a couple of months after. Smiley
traderman
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February 28, 2014, 03:35:36 AM
 #838

So we will get details of the "Airdrop" once it is underway?
axxo
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February 28, 2014, 03:52:50 AM
 #839

So we will get details of the "Airdrop" once it is underway?

Visit the official site http://www.auroracoin.org/ to find out more about the Airdrop details.
super3
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February 28, 2014, 03:58:21 AM
 #840

im watching the whale with 200+ coins play around on cryptorush. i bet hes been having fun
That was me  Wink. And yes I did have fun.

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