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

[Bluestreet]

How do we know this developer with a fake name will actually "airdrop" the coins. Do we have a way to monitor the movement of the pre-mined coins before during and after?

If these questions were answered forgive me but I'm not interested in reading everything about this, can someone just tell me yes or no to those questions?

What Airdrop?

Before people get hurt I think it's time to put perspective on things.

First of all even if(big if) the airdrop did happen, what has AUR got going for it? Look at the infrastructure bitcoin has and this coin is almost trading at 1/5 of the price.

Not one merchant even accepts it yet. So what do you think is going to happen with the airdrop funds. Hey how do we get this AUR into fiat? Oh yeah lets trade it for bitcoin.

[thisisit]

yes i will sell soon now.

[turtoro]

i am sceptical ( a tiny bit ).  according to some sources the company behind auroracoin is located in panama.

Its not in panama.

Anyways, I dont doubt the dev's sincerity, but something like this requires tremendous planning and support in order to work properly. It doesnt seem the project has either.

We will see.

[thisisit]

its overhyped i think. thats why i sell soon now. not because something is true / not true. i still like the idea.

i am here to make money.

i will pickup the 31.8 when more is known

edit: sold

[rurki]

I have tried all config files and addnodes I can find and still can not get the wallet to sync. Anyone have additional information that can help?

Thank you,

[makishart]

P2POOL node JUST LAUNCHED!!!
no registration required!

join our node!!
http://aur.gr2pool.eu:12347/static/

located in EU

[CryptoMF]

i am sceptical ( a tiny bit ).  according to some sources the company behind auroracoin is located in panama.

Its not in panama.

Anyways, I dont doubt the dev's sincerity, but something like this requires tremendous planning and support in order to work properly. It doesnt seem the project has either.

We will see.

If it is not in Panama then where is it? You seem to know about this so I would appreciate the help.

[eraser]

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.
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 Vertcoin 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!

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!)
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.



My dedicated EU P2Pool node: http://2.229.0.184:22550/static/

Connection settings :

cgminer --scrypt -o stratum+tcp://2.229.0.184:22550/ -u YourAuroracoinAddress -p x --expiry 1 --scan-time 1 --queue 0

no registration required!


Features:
PPNLS payout
Low 1% fee
Super fast servers

[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

[LTEX]

i am sceptical ( a tiny bit ).  according to some sources the company behind auroracoin is located in panama.

First of all, there is no "company" behind it. For all I know, Balduro might be a special department within the Iceland government trying to secretly define a new economical future for its inhabitants, heaven knows, they have been fucked over for almost a century by other foreign economies! The reason why the site is registered anonymously trough a domain service in Panama to me sounds very logical. It doesn't matter namely who started the coin, it's future lies within the community (Us!) that adopts it!

Of course the 50% pre minded coins still need to be airdropped fairly, but also that is something we are all working on! So why not join us!: http://forum.auroracoin.org

[CryptoMF]

In hindsight the Airdrop should happen in very small batches to avoid a huge selloff.

Maybe they can do something like 10,000 coins per day max.

Most likely it will actually happen very slowly.

Most likely it will be a mad scramble to sell their coins for BTC and cash out before the other guy so they get the highest sell price. But don't worry we can trust that everything will be done correctly and fairly. Just keep buying and holding your coins as it can only go up, up, up from here. Pay no attention to the huge cliff right in front of you. It is just there for you to stare at in awe and wonder.

[turtoro]

i am sceptical ( a tiny bit ).  according to some sources the company behind auroracoin is located in panama.

Its not in panama.

Anyways, I dont doubt the dev's sincerity, but something like this requires tremendous planning and support in order to work properly. It doesnt seem the project has either.

We will see.

If it is not in Panama then where is it? You seem to know about this so I would appreciate the help.

The reason it says the website was registered in Panama is because that is a common site anonymity service. A lot of websites do this.

[LTEX]

i am sceptical ( a tiny bit ).  according to some sources the company behind auroracoin is located in panama.

Its not in panama.

Anyways, I dont doubt the dev's sincerity, but something like this requires tremendous planning and support in order to work properly. It doesnt seem the project has either.

We will see.

The project DOES have support and planning, only it is not something that is done by one entity while everyone else is waiting for it to happen with a bowl of popcorn on their laps! YOU are the support and CAN DO the planning! http://forum.auroracoin.org!!!

[LTEX]

i am sceptical ( a tiny bit ).  according to some sources the company behind auroracoin is located in panama.

Its not in panama.

Anyways, I dont doubt the dev's sincerity, but something like this requires tremendous planning and support in order to work properly. It doesnt seem the project has either.

We will see.

If it is not in Panama then where is it? You seem to know about this so I would appreciate the help.

The reason it says the website was registered in Panama is because that is a common site anonymity service. A lot of websites do this.

Hey, I'll offer you guys a trade! Give me the address of Satoshi Nakamoto and I'll give you Balduro's in return 

[turtoro]

i am sceptical ( a tiny bit ).  according to some sources the company behind auroracoin is located in panama.

Its not in panama.

Anyways, I dont doubt the dev's sincerity, but something like this requires tremendous planning and support in order to work properly. It doesnt seem the project has either.

We will see.

The project DOES have support and planning, only it is not something that is done by one entity while everyone else is waiting for it to happen with a bowl of popcorn on their laps! YOU are the support and CAN DO the planning! http://forum.auroracoin.org!!!

How is it even feasible for anyone outside of Iceland to do the infrastructure planning for you guys? Either you do it or it doesnt get done

[CryptoMF]

i am sceptical ( a tiny bit ).  according to some sources the company behind auroracoin is located in panama.

First of all, there is no "company" behind it. For all I know, Balduro might be a special department within the Iceland government trying to secretly define a new economical future for its inhabitants, heaven knows, they have been fucked over for almost a century by other foreign economies! The reason why the site is registered anonymously trough a domain service in Panama to me sounds very logical. It doesn't matter namely who started the coin, it's future lies within the community (Us!) that adopts it!

Of course the 50% pre minded coins still need to be airdropped fairly, but also that is something we are all working on! So why not join us!: http://forum.auroracoin.org

For all I know, Balduro might be a grand wizard who will grant my every wish and eternal life. Heaven knows the Icelandic people are used to being fucked over so let's all give them a few thousand dollars for free and then pull the rug out from underneath them when they realize that it is not actually worth thousands of dollars and it has all been a get rich quick scheme for everyone but them. THey must be used to this by now so it is OK.

Of course the 50% premined coins will be airdropped fairly. Just trust me. I know what I am talking about. No need for me to explain how or why. Just trust me on this. You have no need to worry at all. 

[LTEX]

How do we know this developer with a fake name will actually "airdrop" the coins. Do we have a way to monitor the movement of the pre-mined coins before during and after?

If these questions were answered forgive me but I'm not interested in reading everything about this, can someone just tell me yes or no to those questions?

The Dev is working together with a group of dedicated community members (check aurora coin.org/forum). Some of us are really putting in a lot of effort and cash to ensure it will be as honest and professional as possible.

I said it before, crypto is not about one dev controlling the success of his coin, this is something we as a community need to do. We all like crypto because it gives the control over the currency back from the banks and governments to the community. So, let us do just that, TAKE CONTROL!!!

If you want this to be a success, please join and participate in it!!!

http://forum.auroracoin.org

Right now the dev has control over this currency and if he gets bribed or threatened he could dump this to almost 0$

The Dev has been very responsive so far to all initiatives we as serious participants have taken up. Of course you are right he (or they) has the control over the pre mined coins. That's where trust has to come in and you guessed right, I do have that trust. Not from posts like this, but from intensive research and direct contact with contributing parties, including Balduro!

[Aboroth]

i am sceptical ( a tiny bit ).  according to some sources the company behind auroracoin is located in panama.

Its not in panama.

Anyways, I dont doubt the dev's sincerity, but something like this requires tremendous planning and support in order to work properly. It doesnt seem the project has either.

We will see.

The project DOES have support and planning, only it is not something that is done by one entity while everyone else is waiting for it to happen with a bowl of popcorn on their laps! YOU are the support and CAN DO the planning! http://forum.auroracoin.org!!!

How is it even feasible for anyone outside of Iceland to do the infrastructure planning for you guys? Either you do it or it doesnt get done

Yes I love how it's suddenly everyone else's responsibility to make this go well, when hardly anybody has the proper experience or knowledge.

Oh by the way I have this great idea, instant teleportation! Let's get going guys, if you want this to work, you have to help out! I'm just the "big ideas" guy. Also I started a company to genetically engineer gryphons, but come on guys, how do you expect that to happen if you guys don't open the books and get cracking?

Don't worry though, this dev is apparently a saint, the second coming of the great holy Satoshi. Just believe hard enough with wishes and rainbows!

[niothor]

How do we know this developer with a fake name will actually "airdrop" the coins. Do we have a way to monitor the movement of the pre-mined coins before during and after?

If these questions were answered forgive me but I'm not interested in reading everything about this, can someone just tell me yes or no to those questions?

The Dev is working together with a group of dedicated community members (check aurora coin.org/forum). Some of us are really putting in a lot of effort and cash to ensure it will be as honest and professional as possible.

I said it before, crypto is not about one dev controlling the success of his coin, this is something we as a community need to do. We all like crypto because it gives the control over the currency back from the banks and governments to the community. So, let us do just that, TAKE CONTROL!!!

If you want this to be a success, please join and participate in it!!!

http://forum.auroracoin.org

Statistics
Total posts 894 • Total topics 107
Half of them in giveaway.  Common

[Aboroth]

You know what would actually inspire confidence? If every single premined coin was transferred to a provably neutral, provably competent third party, who would then provably distribute the coins in the provably fair manner.

However this should have been figured out beforehand. BEFOREHAND.

You sound like a huge prick when somebody brings up legitimate problems, then you say, "Well you figure it out then!" It's not my problem to figure out, and I'm not joining a project with huge fraud possibility. If you can't see that point of view then you are amazingly blind.