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

[mpdas108]

Nice!  Multipool added AUR!!

https://www.multipool.us/stats.php?curr=aur

ANother stable place to mine now!

FUCK MULTIPOOL they will dump the price like hell, multipool and its clones are the CANCER of the mining.

+100

Can I get some elaboration here rather than some expletives about Multipool?

I have actually been thinking of joining this pool.

Multipool mines a coin only when they think the coin is profitable, in a short lapse of time they fuck the whole mining system of that coin, raising the difficulty to unprecedenting values, then multipool switch to the next "profitable" coin to squish it and leave like an used condom, leaving all the mining ecosystem fucked.

At the sametime all the coins obtained with that massive gigahashes rape are dumped at the lowest possible price in the markets, because they pay their users in BTC.

That is why multipools destroy coins.
Trust me that is not what the mining system is meant to work... The purpose is to safe the network and obtain a reward for it, not to squish the network during several minutes-hours to dump the price until is not profitable anymore...

Sorry ... you are confusing Multipool with their service "Multiport".  They offer a direct pool *dedicated* to AuroraCoin ... port #3362 ... completely separate from their "Multiport" (port #7777) which performs the autoswitching.

I'm open to using other pools ... but the stability of the current pools has been horrible in comparison.  I bounced through 5 pools in 5 days that could seem to stay up and alive for longer than an hours or so at a time.

I'm using the dedicated Multipool AuroraCoin pool until I can find a solid stable pool to use instead.  I'm open to suggestions and proof of the stability.

Yes and thank you for the advice.. I have also been experiencing the shitty-ness of the other AUR pools.. I want something stable and reliable, with decent hashing power so I don't have to wait a day for my pool to find one block...

[1714686709]

1714686709

[Humancell]

We had over 300 accounts locked due to the failure of our mail server.

Every account has been manually unlocked and you should be able to log back in.

Please be aware we are still waiting for the deployment of the new mail server and the backup one is holding the load but is limited to 100 emails per hour.

As people is getting annoyed with messages on this thread from pool ops (most of them are spam anyway) please keep an eye on the news section of the pool.

The pool is not charging fees and is set to 0.01tx fee so we rely purely on donations from our miners.

Should anyone wish to contribute here is the aur address: AHfCtJcvgoiHNWKx2HBivry5Eh6FNCQp3B

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

Hello!  I'm glad that you posted here.  Where is your support thread, or IRC channel?  How are we supposed to get in communications with you?

I started with your pool, and was really happy (and don't have a problem changing to donate once you have proven your pool) but the last several days your site and pool have been unstable and inaccessible.  I have been checking on and off over the last 24 hours and things might have settled down some.

What was going on that your site and pool was bouncing so bad?

[JoeLondon]

cant access to http://aur.ctrlaltdefeated.us/? ??

Yeah me neither. Seems like they just took the site down. Had about 3Aur in there... well i have been scammed a lot worse with shady pools I guess

I guess they will be back online as soon as they solve problems.

Yeah let's hope so    Dont want to accuse anyone prematurely actually but the site is loading properly but all the content has been taken down.

I cannot access them either. Shame because i was mining on their pools with a mining contract that i purchased for fiat currency.

By the looks of their who.is they updated their owner information today:

Old Info:

Registrant Contact Information:
    Name: Gary Mckee
    Address 1: 10A Felix Street
    Address 2: Lutywhce
    City: Brisbane
    State: Queensland
    Zip: 4030
    Country: AU
    Phone: +61.0439528035
    Email: str8_ridah8@hotmail.com

New Info:

Registrant Contact Information:
    Name: Daniel Delado
    Address 1: 15 Helix Street
    Address 2: Strathpine
    City: Brisbane
    State: Queensland
    Zip: 4500
    Country: AU
    Phone: +61.481084758
    Email: ddelado@outlook.com

[embicoin]

Nice!  Multipool added AUR!!

https://www.multipool.us/stats.php?curr=aur

ANother stable place to mine now!

FUCK MULTIPOOL they will dump the price like hell, multipool and its clones are the CANCER of the mining.

+100

Can I get some elaboration here rather than some expletives about Multipool?

I have actually been thinking of joining this pool.

Multipool mines a coin only when they think the coin is profitable, in a short lapse of time they fuck the whole mining system of that coin, raising the difficulty to unprecedenting values, then multipool switch to the next "profitable" coin to squish it and leave like an used condom, leaving all the mining ecosystem fucked.

At the sametime all the coins obtained with that massive gigahashes rape are dumped at the lowest possible price in the markets, because they pay their users in BTC.

That is why multipools destroy coins.
Trust me that is not what the mining system is meant to work... The purpose is to safe the network and obtain a reward for it, not to squish the network during several minutes-hours to dump the price until is not profitable anymore...

Sorry ... you are confusing Multipool with their service "Multiport".  They offer a direct pool *dedicated* to AuroraCoin ... port #3362 ... completely separate from their "Multiport" (port #7777) which performs the autoswitching.

I'm open to using other pools ... but the stability of the current pools has been horrible in comparison.  I bounced through 5 pools in 5 days that could seem to stay up and alive for longer than an hours or so at a time.

I'm using the dedicated Multipool AuroraCoin pool until I can find a solid stable pool to use instead.  I'm open to suggestions and proof of the stability.

You are right, while multipool does not add it to their "profitability" cicle then they are another pool like the others, so my apologies for confusing people, althought I suspect that this action will eventually lead the AUR port to the "profitability" switching system, and therefore my explanation will make true.

[AceCobra1]

Guys,

Is it normal for my Radeon Toxic 280x to only be hashing around 575KH/s ? It seems my other 7950 as well is hashing around that speed. When I mine dogecoin/ nyancoin, my 280x hashes around 750KH/s and my 7950 hashes around 625KH/s....

Does Auroracoin use the normal scypt algorithm or is it different ??

[Humancell]

You are right, while multipool does not add it to their "profitability" cicle then they are another pool like the others, so my apologies for confusing people, althought I suspect that this action will eventually lead the AUR port to the "profitability" switching system, and therefore my explanation will make true.

Also ... one other small point is that they are not like middlecoin, cleverming, etc. in that they do not do any coin conversions to BTC.  Anything you mine at Multipool stays in the mined coin, and you have to move it to a wallet or exchange.

Also ... I'm in no way associated with them ... I just use their pools from time to time since they have really been stable pools for me.  e.g. DOGE, etc.  I was glad to see them add AUR since they have experience running pools.

[Lordoftherigs]

AUR ? Is the coin scam?

I dont know if its really a "scam" coin, but it has a 50% premine and a VERY questionable strategy of giving a coin to everybody in iceland (logistic, legal, and political problems will be a result). I personally think the dev is over his head and this will blow apart. But its an ambitious idea at least.

Edit: Also the market cap is greatly overvalued because only about 100,000 coins are being traded, the rest is off the market.

I understand that what is going on here may seem strange to North American cultures however, anyone who has spent any time with Nordic (Viking) cultures would understand that this may just work.

Without the premine there would be no reason for anybody to adopt this coin. Distribution strategy has been discussed here many times do check the airdrop blue prints. http://auroracoin.org/blueprint.php

So far the Dev has morals and lets hope he realizes that this can get to economics books if it works.

[turtoro]

We don't know what will happen...
Maybe the airdrop pushes the price or it's just the other way round because many icelandish people will just sell their AUR for BTC..

Aur will be mass adopted on the first day of the airdrop, with shops refusing to take any payments other than AUR. The next day, Prime minister Sigmundur Davíð Gunnlaugsson will declare April "national aurora month" and parliament will pass a law forever abolishing the króna, anybody caught using it after June 2014 will be deported to Zimbabwe. Capitol controls will be lifted and the ICEX will rise by 50,000% in a single week. The economic production of Iceland will surpass that of the EU (excluding UK) with a new sector of crypto financial services leading the tremendous growth.

Icelanders will be the new wealthy elite, and will start buying up huge chunks of key real estate all over the globe. Stefán Karl Stefánsson will lead a consortium of individuals buying up famous landmarks such as the Empire State building, Eiffel tower, and after lengthy negotiations the burj tower in Dubai. 40% of US farmland will be owned by Iceland individuals giving them near total control of the worldwide grain market.

As the other world governments become alarmed at the seemingly unstoppable growing power of icelandic business people, they will start to impose trade sanctions. PM Sigmundur Davíð Gunnlaugsson reacts by buying BAE Systems, Boeing, and various other military contractors. The Icelandic Army surpasses the might of the US military within 6months. Iceland becomes the undisputed naval power of the world controlling shipping lanes and therefore world wide commerce.

Bjork becomes the spiritual leader of the world and a new religion begins.   Hákarl becomes the most consumed food in the world and some guy named Aðalgeir Bragason finds the cure for cancer and arthritis.

By 2050 Iceland colonizes Mars and its 300,000 + citizens settle the planet in order to leave the "sub human" other races behind and start a new pure master race based on the AUR.

utopia vision

No , just too much weed altering a coin holder thoughts.

Not a coin holder. Sarcasm. But the idea is ambitious, ill give the dev that much.

[smc259]

First of all, what is P2Pool?
P2Pool is one huge, peer-to-peer pool based on the original coin protocol.
 
How does it work?
Miners connect to "Nodes" and all of the P2Pool "Nodes" connect to each other, forming one big pool.  

What are the advantages?  

• Your mined coins will be deposited directly into your wallet, they are never held by any pool "operator" and cannot be lost due to incompetence or fraudulent behavior.
• Node hash size doesn't matter. Even if you mine on a small node, blocks are found with the entire P2Pool network! You'll get the same payouts no matter how large or small the hash rates on your pool.
• You will get better rewards: P2Pools award transaction fees from black rewards to the miners.
• P2Pool is DDoS resistant, it is impossible to DDoS the entire peer-to-peer P2Pool network, at best all someone can do is knock a node offline, in which case your client will just switch to one of your failover nodes.
• You do not have to register on any pool sites, etc. all you need is a wallet address which you will use as your username, and your rewards will be paid directly into your wallet.
• Most P2Pool nodes have <1% fees, and if you want 0% fees, you can even set up your own node on your local network.
• Even if the node you are using goes down, you will not lose a single micro payment, as the network itself stores your pending rewards, and will distribute them to you as normal.

Are there any disadvantages?  

• It's not really a disadvantage, but it takes longer for you to receive useable coins as they have to mature in the blockchain before they can be awarded to you. Don't panic if you don't receive your rewards quickly, they will arrive!  
• You need at least 200kH/s to mine effectively on P2Pool.

Here's a few bits of info you should know about P2Pool before you start looking for nodes:

• It is normal to receive high rejection rates on P2Pool, P2Pool generates work a lot faster than regular pools and as a result you are going to end up with stale shares. All you need to do is ensure your current Reject % is equal to or lower than the P2Pool network average. (currently 24% rejects is the average). Having a reject rate lower than the average will allow you to profit off of other people's rejected shares. (Even more rewards, yay!)
• P2Pool mining is best suited to miners with a minimum of 200kH/s.
• Your latency to your node matters a lot. High latency means you will have a higher reject rate. When you're looking for nodes you want to ensure that your ping is low.
• If you connect to a node with no miners currently using it (or a very small number) you will receive massive numbers of HW errors. Don't panic! This is because when a node first starts up, it sets the share difficulty to 0, after 1-2 minutes it will auto-adjust and you will stop receiving HW errors.

Shameless Plug
My dedicated US East P2Pool node:
http://aur.crewdoginvesting.com:12347/static/

Example:
cgminer --scrypt -o stratum+tcp://aur.crewdoginvesting.com:12347 -u YourWalletAddress -p x  

My dedicated Europe P2Pool node:
http://aur-eu.crewdoginvesting.com:12347/static/

Example:
cgminer --scrypt -o stratum+tcp://aur-eu.crewdoginvesting.com:12347 -u YourWalletAddress -p x  

My dedicated Asia P2Pool node:
http://aur-asia.crewdoginvesting.com:12347/static/

Example:
cgminer --scrypt -o stratum+tcp://aur-asia.crewdoginvesting.com:12347 -u YourWalletAddress -p x  

[mpdas108]

AUR ? Is the coin scam?

I dont know if its really a "scam" coin, but it has a 50% premine and a VERY questionable strategy of giving a coin to everybody in iceland (logistic, legal, and political problems will be a result). I personally think the dev is over his head and this will blow apart. But its an ambitious idea at least.

Edit: Also the market cap is greatly overvalued because only about 100,000 coins are being traded, the rest is off the market.

I understand that what is going on here may seem strange to North American cultures however, anyone who has spent any time with Nordic (Viking) cultures would understand that this may just work.

Without the premine there would be no reason for anybody to adopt this coin. Distribution strategy has been discussed here many times do check the airdrop blue prints. http://auroracoin.org/blueprint.php

So far the Dev has morals and lets hope he realizes that this can get to economics books if it works.

But if you do the math according to the current exchange rate and the blueprint page the dev will end up with 315,000 AUR at the end of everything.. that will be 10,710 BTC ... that is no small change... he is definitely going to the bank on this one...

[turtoro]

AUR ? Is the coin scam?

I dont know if its really a "scam" coin, but it has a 50% premine and a VERY questionable strategy of giving a coin to everybody in iceland (logistic, legal, and political problems will be a result). I personally think the dev is over his head and this will blow apart. But its an ambitious idea at least.

Edit: Also the market cap is greatly overvalued because only about 100,000 coins are being traded, the rest is off the market.

I understand that what is going on here may seem strange to North American cultures however, anyone who has spent any time with Nordic (Viking) cultures would understand that this may just work.

Without the premine there would be no reason for anybody to adopt this coin. Distribution strategy has been discussed here many times do check the airdrop blue prints. http://auroracoin.org/blueprint.php

So far the Dev has morals and lets hope he realizes that this can get to economics books if it works.

Yes, i agree that a premine for a project like this makes sense. I really dont doubt the devs morals either. But the execution of the 2nd phase is what i am questioning. If it works it would be great for the whole crypto community, but it doesnt seem serious unless he has some more institutional backers involved (ie local buisness in Iceland)

[AceCobra1]

Guys,

Is it normal for my Radeon Toxic 280x to only be hashing around 575KH/s ? It seems my other 7950 as well is hashing around that speed. When I mine dogecoin/ nyancoin, my 280x hashes around 750KH/s and my 7950 hashes around 625KH/s....

Does Auroracoin use the normal scypt algorithm or is it different ??

Can anyone help please ?

[NutMasterTardd]

AUR ? Is the coin scam?

I dont know if its really a "scam" coin, but it has a 50% premine and a VERY questionable strategy of giving a coin to everybody in iceland (logistic, legal, and political problems will be a result). I personally think the dev is over his head and this will blow apart. But its an ambitious idea at least.

Edit: Also the market cap is greatly overvalued because only about 100,000 coins are being traded, the rest is off the market.

I understand that what is going on here may seem strange to North American cultures however, anyone who has spent any time with Nordic (Viking) cultures would understand that this may just work.

Without the premine there would be no reason for anybody to adopt this coin. Distribution strategy has been discussed here many times do check the airdrop blue prints. http://auroracoin.org/blueprint.php

So far the Dev has morals and lets hope he realizes that this can get to economics books if it works.

But if you do the math according to the current exchange rate and the blueprint page the dev will end up with 315,000 AUR at the end of everything.. that will be 10,710 BTC ... that is no small change... he is definitely going to the bank on this one...

You do realize if the dev actually pulled this off, he would make so much more money from it being successful. It would be a huge thing for cryptos in general.

[Lordoftherigs]

AUR ? Is the coin scam?

I dont know if its really a "scam" coin, but it has a 50% premine and a VERY questionable strategy of giving a coin to everybody in iceland (logistic, legal, and political problems will be a result). I personally think the dev is over his head and this will blow apart. But its an ambitious idea at least.

Edit: Also the market cap is greatly overvalued because only about 100,000 coins are being traded, the rest is off the market.

I understand that what is going on here may seem strange to North American cultures however, anyone who has spent any time with Nordic (Viking) cultures would understand that this may just work.

Without the premine there would be no reason for anybody to adopt this coin. Distribution strategy has been discussed here many times do check the airdrop blue prints. http://auroracoin.org/blueprint.php

So far the Dev has morals and lets hope he realizes that this can get to economics books if it works.

But if you do the math according to the current exchange rate and the blueprint page the dev will end up with 315,000 AUR at the end of everything.. that will be 10,710 BTC ... that is no small change... he is definitely going to the bank on this one...

That will only happen if there will be unclaimed coins. Of course there will be some after one year of ''airdroping'' but that's far away. Actually to me it is reassuring to now that he will earn his share eventually. This way he has motivation not to dump the coins and just wait until the end of airdrop.

[Lordoftherigs]

AUR ? Is the coin scam?

I dont know if its really a "scam" coin, but it has a 50% premine and a VERY questionable strategy of giving a coin to everybody in iceland (logistic, legal, and political problems will be a result). I personally think the dev is over his head and this will blow apart. But its an ambitious idea at least.

Edit: Also the market cap is greatly overvalued because only about 100,000 coins are being traded, the rest is off the market.

I understand that what is going on here may seem strange to North American cultures however, anyone who has spent any time with Nordic (Viking) cultures would understand that this may just work.

Without the premine there would be no reason for anybody to adopt this coin. Distribution strategy has been discussed here many times do check the airdrop blue prints. http://auroracoin.org/blueprint.php

So far the Dev has morals and lets hope he realizes that this can get to economics books if it works.

But if you do the math according to the current exchange rate and the blueprint page the dev will end up with 315,000 AUR at the end of everything.. that will be 10,710 BTC ... that is no small change... he is definitely going to the bank on this one...

You do realize if the dev actually pulled this off, he would make so much more money from it being successful. It would be a huge thing for cryptos in general.

just to put the story straight. The 315,000 AUR is only EXAMPLE SCENARIO in the airdrop. We don't actually know what % of the coin will be unclaimed. But as you can imagine at current exchange rate only mad man would not take the free auroras.

[Nite69]

But if you do the math according to the current exchange rate and the blueprint page the dev will end up with 315,000 AUR at the end of everything.. that will be 10,710 BTC ... that is no small change... he is definitely going to the bank on this one...

Hmmm.. have not checked your math, but maybe you are right. But I don't consider that a bad thing; if someone succees to generate wealth for his nation worth hundreds of milion dollars, thats a small reward.

Compare irt to that someone have slipped money out of ukraina worth 50 Billion. That's a bad thing.

Earning some profit by *giving* a *lot* more to others is not a sin.

Edit: Checked your math, you are wrong. He is going to give everything (maybe not thos he has mined/earned by himself) 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.

50% of the remaining coins will go towards a development fund and/or towards an Auroracoin foundation formed by the community. The other 50% will go towards a charity or charities, to be determined democratically by the Auroracoin community.

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.

[Elitzer]

I'd like to quote the Blueprint page;
http://auroracoin.org/blueprint.php

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.

50% of the remaining coins will go towards a development fund and/or towards an Auroracoin foundation formed by the community. The other 50% will go towards a charity or charities, to be determined democratically by the Auroracoin community.

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.

[cgminer-o]

AUR ? Is the coin scam?

I dont know if its really a "scam" coin, but it has a 50% premine and a VERY questionable strategy of giving a coin to everybody in iceland (logistic, legal, and political problems will be a result). I personally think the dev is over his head and this will blow apart. But its an ambitious idea at least.

Edit: Also the market cap is greatly overvalued because only about 100,000 coins are being traded, the rest is off the market.

I understand that what is going on here may seem strange to North American cultures however, anyone who has spent any time with Nordic (Viking) cultures would understand that this may just work.

Without the premine there would be no reason for anybody to adopt this coin. Distribution strategy has been discussed here many times do check the airdrop blue prints. http://auroracoin.org/blueprint.php

So far the Dev has morals and lets hope he realizes that this can get to economics books if it works.

But if you do the math according to the current exchange rate and the blueprint page the dev will end up with 315,000 AUR at the end of everything.. that will be 10,710 BTC ... that is no small change... he is definitely going to the bank on this one...

You do realize if the dev actually pulled this off, he would make so much more money from it being successful. It would be a huge thing for cryptos in general.

I bought a few. Am now 1.42 Icelanders. A little play money. 

[laterbreh]

http://aurora.leetpools.com

0% Fees for Promo

LOW TX FEES - Auto/Manual payouts = 0.001 AUR

Why should you mine with us?
-Active pool operators
-Active Admins
-Great IRC Community.
-1% Fee
-PROP/Vardiff
-Constant Promos
-Unique and CLEAN MPOS interface.
-Top of the line server hardware. We don't fuck around.

Come chill in IRC #Leetpools on quakenet

Time to start mining like a boss.

CURRENT PROMOS:
0% FEE

[NutMasterTardd]

AUR ? Is the coin scam?

I dont know if its really a "scam" coin, but it has a 50% premine and a VERY questionable strategy of giving a coin to everybody in iceland (logistic, legal, and political problems will be a result). I personally think the dev is over his head and this will blow apart. But its an ambitious idea at least.

Edit: Also the market cap is greatly overvalued because only about 100,000 coins are being traded, the rest is off the market.

I understand that what is going on here may seem strange to North American cultures however, anyone who has spent any time with Nordic (Viking) cultures would understand that this may just work.

Without the premine there would be no reason for anybody to adopt this coin. Distribution strategy has been discussed here many times do check the airdrop blue prints. http://auroracoin.org/blueprint.php

So far the Dev has morals and lets hope he realizes that this can get to economics books if it works.

But if you do the math according to the current exchange rate and the blueprint page the dev will end up with 315,000 AUR at the end of everything.. that will be 10,710 BTC ... that is no small change... he is definitely going to the bank on this one...

You do realize if the dev actually pulled this off, he would make so much more money from it being successful. It would be a huge thing for cryptos in general.

I bought a few. Am now 1.42 Icelanders. A little play money. 

I honestly believe if this worked it would be the biggest thing since Bitcoin itself. I know there are literally thousands of ways this can fail but I really hope it works.