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

[jeff88]

Auroracoin added to Cryptosaur, extension for Google Chrome and Opera
See more here: https://bitcointalk.org/index.php?topic=458091

[klatnioctib0]

I've been mining this coin for the last 2 weeks but right now i'm like WTF. Anyways that's all I have to say as long as value rises along with difficulty I'll continue to mine.

Theres a lof intrinsic value in this coin but theres also the fever of those new to mining coupled with the heavy hashers this coin will continue to rise. I'm not sure how the liquidity of this crypto is on the current exchanges but liquidity will sky rocket after the airdrop even if it reaches 5% of islanders which of course will drive down price. My suggestion is to hold until March 20's and then lock in your profits and speculate the rest however if anyone believes in this coin succeeding beyond a year is greatly mistaken as there will be more sensible Forks and a flood of new cryptos with the same philosophy will be coming soon. I wouldn't worry about dev cashing out as it will be impossible for him to do so without killing this cryptos value.

LTC difficulty is going to rise today, it will be interesting to see if it decreases substantially next time, if so if my hashpower/profit decreases comparatively on AUR vs LTC i'm heading back to LTC. Thats my piece good luck ya'll

[P-Funk]

I've been mining this coin for the last 2 weeks but right now i'm like WTF. Anyways that's all I have to say as long as value rises along with difficulty I'll continue to mine.

Theres a lof intrinsic value in this coin but theres also the fever of those new to mining coupled with the heavy hashers this coin will continue to rise. I'm not sure how the liquidity of this crypto is on the current exchanges but liquidity will sky rocket after the airdrop even if it reaches 5% of islanders which of course will drive down price. My suggestion is to hold until March 20's and then lock in your profits and speculate the rest however if anyone believes in this coin succeeding beyond a year is greatly mistaken as there will be more sensible Forks and a flood of new cryptos with the same philosophy will be coming soon. I wouldn't worry about dev cashing out as it will be impossible for him to do so without killing this cryptos value.

LTC difficulty is going to rise today, it will be interesting to see if it decreases substantially next time, if so if my hashpower/profit decreases comparatively on AUR vs LTC i'm heading back to LTC. Thats my piece good luck ya'll

You smart/lucky bastard

[klatnioctib0]

it should make you feel better that i started mining this when difficulty was at 50 but then I did a kernel update after 3 hours and broke my installation, I was down for a 24hr period and when I came back difficulty was 150. I'm so pissed about that now....new rule #1023   , once your up, set it and forget it.

[Eadeqa]

My suggestion is to hold until March 20's and then lock in your profits and speculate the rest however if anyone believes in this coin succeeding beyond a year is greatly mistaken as there will be more sensible Forks and a flood of new cryptos with the same philosophy will be coming soon. I wouldn't worry about dev cashing out as it will be impossible for him to do so without killing this cryptos value.

I agree ... there is no point in selling right now before March 25th. I don't see how prices are going to drop as long as 99% of coins are locked till March 25th (that is, as long there is no other scam involved).

[Swisscex]

Good news!

Auroracoin has been added to the exchange www.swisscex.com

https://www.swisscex.com/market/AUR_BTC

Best regards
SWISSCEX

[klatnioctib0]

http://www.cryptocoinsnews.com/wp-content/uploads/2014/02/coin.png

AuroraCoin p2pool node

COME ON GUYS - WE NEED YOUR MHS ! currently ~500MHs

LOW DOA

BIGGER PAYOUTS THAN IN A STRATUM MINE !!

DDOS RESISTANT

http://freebtc.eu:12347/
1% fee
USAGE:

Code:

cgminer.exe -o freebtc.eu:12347 -u your_wallet_address -p x

GO TO http://p2pools.org/AUR to find a node closest to your location and lowest latency (latency is calculated based on your location). Kepp in mind that LOCAL hashrate of a single node doesn't matter, it is POOL hashrate that matters - so in fact it doesn't matter which node you'll use, either way you'll be mining in the entire p2pool

exactly how are the payouts better with your service? Apparently I left a few aur in my minabit.com account and I was able to withdraw it, mineabit has been an honest operation, so has easy-mine.eu

[Nite69]

I'm not sure how the liquidity of this crypto is on the current exchanges but liquidity will sky rocket after the airdrop even if it reaches 5% of islanders which of course will drive down price. My suggestion is to hold until March 20's and then lock in your profits and speculate the rest however if anyone believes in this coin succeeding beyond a year is greatly mistaken as there will be more sensible Forks and a flood of new cryptos with the same philosophy will be coming soon.

Leyt me disagree with this detail; it's not so sure the price will drive down after airdrop. Of course it is possible, but it depends; there will sure be some portion of the islander who just see a possibility to exchange this to money. But there will also be some portion who will see a future value on this and buy them. The direction of the value depends on the amount and proportion of both groups.
And if it goes down, when the quick sellers are out of coins.. it can only go up.

And we must remember the history of Iceland; they simply do not trust their current fiat, it has been inflated *a lot* during years. Sure they see this coin very differently compared to 'an average citizen' on most of the developed countries. That's why I specially like this: Iceland might be the only or one of the few countries in the word where this actually could success.

[Prelude]

Stopped reading at islanders. Twice.

I'm not sure how the liquidity of this crypto is on the current exchanges but liquidity will sky rocket after the airdrop even if it reaches 5% of islanders which of course will drive down price. My suggestion is to hold until March 20's and then lock in your profits and speculate the rest however if anyone believes in this coin succeeding beyond a year is greatly mistaken as there will be more sensible Forks and a flood of new cryptos with the same philosophy will be coming soon.

Leyt me disagree with this detail; it's not so sure the price will drive down after airdrop. Of course it is possible, but it depends; there will sure be some portion of the islander who just see a possibility to exchange this to money. But there will also be some portion who will see a future value on this and buy them. The direction of the value depends on the amount and proportion of both groups.
And if it goes down, when the quick sellers are out of coins.. it can only go up.

And we must remember the history of Iceland; they simply do not trust their current fiat, it has been inflated *a lot* during years. Sure they see this coin very differently compared to 'an average citizen' on most of the developed countries. That's why I specially like this: Iceland might be the only or one of the few countries in the word where this actually could success.

[kenji]

Now it is a good time to buy??
Is it worth to buy yet?

[kenji]

Is it worth to buy yet?


I would like to invest 100k$ in this coin

[Prelude]

Damn, this coin's difficulty is already higher than Litecoin's? Insane.

[Eadeqa]

Is it worth to buy yet?


I would like to invest 100k$ in this coin

Make your own decisions.

No one really knows anything.

It's all specuation

[klatnioctib0]

I'm not sure how the liquidity of this crypto is on the current exchanges but liquidity will sky rocket after the airdrop even if it reaches 5% of islanders which of course will drive down price. My suggestion is to hold until March 20's and then lock in your profits and speculate the rest however if anyone believes in this coin succeeding beyond a year is greatly mistaken as there will be more sensible Forks and a flood of new cryptos with the same philosophy will be coming soon.

Leyt me disagree with this detail; it's not so sure the price will drive down after airdrop. Of course it is possible, but it depends; there will sure be some portion of the islander who just see a possibility to exchange this to money. But there will also be some portion who will see a future value on this and buy them. The direction of the value depends on the amount and proportion of both groups.
And if it goes down, when the quick sellers are out of coins.. it can only go up.

And we must remember the history of Iceland; they simply do not trust their current fiat, it has been inflated *a lot* during years. Sure they see this coin very differently compared to 'an average citizen' on most of the developed countries. That's why I specially like this: Iceland might be the only or one of the few countries in the word where this actually could success.

I think all Icelandic people who are savvy enough to understand this crypto will want to exchange it as they will only fundamentally understand auroracoins value as being a monetary conversion not a new currency revolution. You and I plus everyone on this thread understand cryptos better that 99.9% of the population in iceland. If someone said heres 30 Cows, you can keep them as an investment in livestock or sell them to for $300, which would you choose, unless your already a farmer the clear chose is to cash out and realize your found money. Also with "Found Money', people spend it free money, be it lottery winnings, tax returns or found money. So expect a dump and if there is stability after the dump possible a rise. In fact ideally you would want gradual adoption as it will limit the available coins and build recognition of the coin. If 100% Icelanders adopt on round 1 then you will have too much liquidity and price will fall however if only 5% adopt there will still be a limited amount of coins on the market and hopefully some will go into commerce and as others anxiously wait for Round 2 of the airdrop then they will have a little more knowledge of the coin compared to the few that do on Round 1.

[klatnioctib0]

Is it worth to buy yet?


I would like to invest 100k$ in this coin

100K in pesos lol? If you have money and want to buy crypto, clearly AUR is the way to go for the immediate future, however I would expect your 100K will drive up the price even further so buy with a strategy. Look at the charts buy on cup/handle pattern and lock in your profits within a week, then speculate the rest or cash out. Please don't forget to send me a tip

AUsaqVCDbpFiWfPLim9DtHRWSaY16QzqXr

[theironman]

Is it worth to buy yet?


I would like to invest 100k$ in this coin

Make your own decisions.

No one really knows anything.

It's all specuation

Aamen.
I have been collecting these to my wallet by any means possible.

[Lordoftherigs]

I told you this coin will surpass BITBARs value 

[klatnioctib0]

hey wtf is up with the diff, 4000 to 2000 and now next diff is 500? global hash hasn't changed...anyone know?

[mardaed]

stupid question...

but why doesn't iceland adopt bitcoin?  What makes this coin different?

[Aboroth]

I have a number of questions.

Do we have any sign of cooperation from the government of Iceland to help distribute this coin?
Is this database of every citizen of Iceland that is needed to distribute Auroracoin accessible without the permission of the government of Iceland?
If access to this database cannot be obtained, how will the coins be distributed fairly?
Even if access is obtained, how does someone prove their identity?
How do you prevent one person from claiming coins for multiple people?
Will the "airdrop" be online?
Once the "airdrop" commences, what will prevent a non-Icelandic citizen from claiming coins? IP-address checking? Could a non-citizen log in via proxy in Iceland, guess an ID number of a citizen, and claim coins, thus locking that citizen out of their claim?

The website makes vague claims about using a database to distribute the coins, but no specifics. Is there a real plan in place, or are we just hoping it all works out and everyone is honest? There is a unique number for every citizen of the USA and a database linking them (social security), but the government doesn't let everyone have access to it.

I have serious doubts about how this could be distributed fairly without the cooperation of the government, which to my knowledge, hasn't even acknowledged the existence of this coin.