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Author Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland  (Read 506371 times)
MyFarm
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February 28, 2014, 03:03:24 PM
 #1021

Auroracoin is a pump and dump. Crypto currencies are illegal in Iceland (http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country) and on top of that how do you imagine, a person or a group of people not affilitated with a government to have access to the required infrastructure to actually spread the coins among citizens? You need means of veritifaction and authorization of every single person.

Even if crypto currencies were legal in Iceland how do you imagine donating money to people for free? You can't giveaway money to people for free without the government wanting taxes from it. It's no such simple feat.
They are not illegal in Iceland.  You can't buy and sell Bitcoin with other foriegn currencies.  You can mine and hold Bitcoin.  And we'll be giving them Auroracoin for FREE which is perfectly fine.  Their laws are capital controls to ensure the Krona isn't dumped.

And gifts aren't taxed in Iceland.
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pabloangello
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February 28, 2014, 03:03:47 PM
 #1022

Auroracoin is a pump and dump. Crypto currencies are illegal in Iceland (http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country) and on top of that how do you imagine, a person or a group of people not affilitated with a government to have access to the required infrastructure to actually spread the coins among citizens? You need means of verification and authorization of every single person.

Even if crypto currencies were legal in Iceland how do you imagine donating money to people for free? You can't giveaway money to people for free without the government wanting taxes from it. It's no such simple feat.

It says that Bitcoin is illegal, not other cryptos.

etoque
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February 28, 2014, 03:06:05 PM
 #1023

Ok seriously,There a really big problem from now with pool !!!
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February 28, 2014, 03:09:58 PM
 #1024

There has been some discussion that the long confirmation times were done on purpose to prevent mass dumping by miners. Personally i think this is a GREAT thing and rewards those smart enough to buy early on the exchanges and also hold/keep the value up.
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February 28, 2014, 03:10:39 PM
Last edit: February 28, 2014, 03:32:50 PM by candl
 #1025

Auroracoin is a pump and dump. Crypto currencies are illegal in Iceland (http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country) and on top of that how do you imagine, a person or a group of people not affilitated with a government to have access to the required infrastructure to actually spread the coins among citizens? You need means of veritifaction and authorization of every single person.

Even if crypto currencies were legal in Iceland how do you imagine donating money to people for free? You can't giveaway money to people for free without the government wanting taxes from it. It's no such simple feat.

The biggest misconception is that the coin is somehow tied with the Icelandic government where in reality it isn't. It makes such claims on the official page but this is false.
They are not illegal in Iceland.  You can't buy and sell Bitcoin with other foriegn currencies.  You can mine and hold Bitcoin.  And we'll be giving them Auroracoin for FREE which is perfectly fine.  Their laws are capital controls to ensure the Krona isn't dumped.

And gifts aren't taxed in Iceland.

Since Bitcoin IS considered a foreign currency in Iceland, so are other cryptos. Now the problem is what is considered a gift. I am sure there are laws that draw a line. Is $700 USD per every citizen (which is millions of dollars) considered a gift? I do not think so - but to be sure one would need to familarize himself with the local laws.  $700 USD is  serious sum by today's exchange rates.
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February 28, 2014, 03:17:32 PM
 #1026

God dammit why didnt i buy a ton when it first came out. I only have 6 =[
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February 28, 2014, 03:18:59 PM
 #1027

Trade Auroracoin on PMtoCoins.com

I turned everyone down Sad Sorry for that
ottobene
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February 28, 2014, 03:22:46 PM
 #1028

1,981 kh      =   0.804   AUR/day Huh Meanwhile coins start confirmed at pool, all those people who scared about confirmated, dont worry, need to wait
w0lf0.
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February 28, 2014, 03:26:44 PM
 #1029

one stable pool?
NutMasterTardd
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February 28, 2014, 03:30:40 PM
 #1030

God dammit why didnt i buy a ton when it first came out. I only have 6 =[

I got 30, I sold 20 when I was asleep and 2xd my money, was too scared to put any more in.

But now it doesn't matter if it crashes or not! yay! - But seriously I still think it can probably double again before a crash, if it even does.

GEO, RLC & QRL.
etoque
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February 28, 2014, 03:31:06 PM
 #1031

http://aur.easy-mine.eu/

Look like the best with is 2 server(US and EU) US was down for the moment

but yeah,for now all pool have disconnect,I really don't know why!
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February 28, 2014, 03:32:01 PM
 #1032

God dammit why didnt i buy a ton when it first came out. I only have 6 =[

I got 30, I sold 20 when I was asleep and 2xd my money, was too scared to put any more in.

But now it doesn't matter if it crashes or not! yay! - But seriously I still think it can probably double again before a crash, if it even does.

It doesn't crash guy,is not a pump n dump coin ,this coin was popular cause his AMBITION!
notNigel
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February 28, 2014, 03:33:27 PM
 #1033

How many can I mine per day with 750KH/s Huh
etoque
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February 28, 2014, 03:33:51 PM
 #1034

How many can I mine per day with 750KH/s Huh

0,5 and less,difficulty goes up to sky !
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February 28, 2014, 03:36:37 PM
 #1035

CharityMiningPools - Donate to Charity while you Mine!

aur.charityminingpools.com

PROMOTION
Signup and start mining AURORA today at CharityMiningPools and receive 0% pool fees for the life of your AURORA account.

*   PM me here at BitcoinTalk to inform me that you have signed up for the promotion with your username
** Must mine on the site for a minimum 3 hours to qualify

Be a pioneer and help us get started, come mine while making a difference.  

Mandatory 0.5% donation fee goes to the BitGive Foundation this month.  We welcome and encourage you to donate more to a good cause.

STRATUM, VARDIFF, Datacenter Redundant Server Farm, Load Balanced Servers, Frequent Backups
0.5% Mandatory Donation fee to a Good Cause

Who Are We?
CharityMiningPools was created to allow miners the ability to mine coins while still knowing that their hashing power is going towards something good.  Our goal is to provide a positive and reliable service while delivering a small portion of the proceeds to a deserving recipient.  Plans are in the works to allow individual miners to choose where they would like to donate to based on a pool of available recipients.

How Does This Work?
All coins minded at CharityMiningPools will require a mandatory 0.5% Donation fee.  This donation fee will be collected and donated to the designated charitable recipient for that given month.  Though we only require a minimum 0.5% Donation fee, we welcome and encourage our miners to raise the stakes and donate more to a good cause.

Cheers!
CharityMiningPools

CharityMiningPools.com - Donate to Charity While you Mine!
BTC: 1AytEqfVYAywzM1BAKdjZWyjdiok8LgGeS     LTC: LWVPLBniwxBbEizjbe2Ab98Vubq18QGTBt
DOGE: DK4VKsA8kdVbZ2dc2CjNCsEPiPa8a2SF6B     NOTE: DrADbGTxvp4jbDFVgnwTiqk5vbAvqq2xi9
maxillian
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February 28, 2014, 03:36:42 PM
 #1036

Auroracoin is a pump and dump. Crypto currencies are illegal in Iceland (http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country) and on top of that how do you imagine, a person or a group of people not affilitated with a government to have access to the required infrastructure to actually spread the coins among citizens? You need means of veritifaction and authorization of every single person.

Even if crypto currencies were legal in Iceland how do you imagine donating money to people for free? You can't giveaway money to people for free without the government wanting taxes from it. It's no such simple feat.

The biggest misconception is that the coin is somehow tied with the Icelandic government where in reality it isn't. It makes such claims on the official page but this is false.
They are not illegal in Iceland.  You can't buy and sell Bitcoin with other foriegn currencies.  You can mine and hold Bitcoin.  And we'll be giving them Auroracoin for FREE which is perfectly fine.  Their laws are capital controls to ensure the Krona isn't dumped.

And gifts aren't taxed in Iceland.

Since Bitcoin IS considered a foreign currency in Iceland, so are other cryptos. Now the problem is what is considered a gift. I am sure there are laws that draw a line. Is $700 USD per every citizen (which is millions of dollars) considered a gift? I do not think so - but to be sure one would need to familarize himself with the local laws.  $700 USD is  serious sum by today's exchange rates.

Actually Bitcoin and any other crypto currency is completely legal in Iceland, yet. However an Icelander may not buy any crypto currency unless he does so for the Icelandic Krona (ISK). So for an Icelander it would be illegal to buy Bitcoin, Auroracoin og any other crypto currency for foregin currency like USD or EUR.

Mining, owning, trading that is all ok. It's just because of the capital controls you are not allowed to buy foreign currency to buy crypto currency because then you could move all your ISK to USD and the capital controls would not work.
pjviitas
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February 28, 2014, 03:39:22 PM
 #1037

Does anyone know why my miner ends up looking for work sometimes?
notNigel
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February 28, 2014, 03:41:11 PM
 #1038

How many can I mine per day with 750KH/s Huh

0,5 and less,difficulty goes up to sky !

Thanks. There's a boat I missed - I was under the impression that it would launch when they dropped them from the sky  Cheesy

People are saying that they will be dumped massively when the Icelanders get there share, but I don't see why. Many won't even be bothered to do anything at all with them. All that will happen is that the local geeks may try to buy a few of their neighbours.
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February 28, 2014, 03:42:31 PM
 #1039

crunchpool p2pool went down for a while, 2 payouts so far after a few hours, going to try my luck again on pushpool for now
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February 28, 2014, 03:43:17 PM
 #1040

CharityMiningPools - Donate to Charity while you Mine!

aur.charityminingpools.com

PROMOTION
Signup and start mining AURORA today at CharityMiningPools and receive 0% pool fees for the life of your AURORA account.

*   PM me here at BitcoinTalk to inform me that you have signed up for the promotion with your username
** Must mine on the site for a minimum 3 hours to qualify

Be a pioneer and help us get started, come mine while making a difference.  

Mandatory 0.5% donation fee goes to the BitGive Foundation this month.  We welcome and encourage you to donate more to a good cause.

STRATUM, VARDIFF, Datacenter Redundant Server Farm, Load Balanced Servers, Frequent Backups
0.5% Mandatory Donation fee to a Good Cause

Who Are We?
CharityMiningPools was created to allow miners the ability to mine coins while still knowing that their hashing power is going towards something good.  Our goal is to provide a positive and reliable service while delivering a small portion of the proceeds to a deserving recipient.  Plans are in the works to allow individual miners to choose where they would like to donate to based on a pool of available recipients.

How Does This Work?
All coins minded at CharityMiningPools will require a mandatory 0.5% Donation fee.  This donation fee will be collected and donated to the designated charitable recipient for that given month.  Though we only require a minimum 0.5% Donation fee, we welcome and encourage our miners to raise the stakes and donate more to a good cause.

Cheers!
CharityMiningPools

Is your pool stable? Ow, 0 miners?
I have no luck with other pools, many disconnects Sad
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