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

[mmouse]

I want to now have it any help to me？

how to understand bitcoins

[molecular]

The hard fork will made today??

probably not . It's just 20 blocks to go, but we're really crawling.

I doubt it's a timewarp attack. It's just the mining power leaving (multipools) because of too low profitability.

Just wondering.. would it make any difference, if all Icelanders started to solo mine?

pool-mining is ok (no problem), just not in a pool that will automatically have you mine the most profitable coin.

[illodin]

pool-mining is ok (no problem), just not in a pool that will automatically have you mine the most profitable coin.

Have a p2pool as a backup pool as well imo.

[molecular]

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

[mineabit]

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Giving a bounty for pools founding blocks will just spark another ddos war, not a great idea

[Nite69]

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Hmm.. Maybe the hashing power itself is not much, but encouraging ppl to solo mine would make them (us?) a community: "I can help, it is we against the greedy mean multipool miners" and more aware of the crypto coin functionality in general. It would also point out the real reasons for slow transactions (not enought mining power) to the major public.

And they might surprise us..  who knows how many miners there would be in the end?

Anyway, a few difficult days now won't be a catastrophe, unless the problems stays for a longer time.

[iwillimust]

Not sure if you people actually think people of Iceland will receive this coin or trolling.......

I clearly stated a few times that although i find the project interesting and do able, I doubt it will really happen.

“They can make it illegal to own or trade auroracoin,” said Óðinsson. ”However, they will never be able to control such a decentralized system, or stop Icelanders from using the currency, without turning Iceland into a police state.”

Even that wouldn't work. You would have to ban the internet globally for it not to be able to be used, then their would be mesh networks, routers connected to form wifi networks that would ban together to make their own internet, then it would be unstoppable.

Only maniac minister would not wellcome 1B dollar boost to the country's economy.

I think is
Can promote economic development why not to support

[iwillimust]

Wow, lot of negativity on here, yet no suggestions of a better way of executing an airdrop.

Here's some ideas..........

How about a longer [PRE-ANN] about the new coin to let people become aware of your intentions and debate the best way of rolling out out?

Why did it have to launch so fast?   Why did the block awards have to be that large?  Why did the coin have to be forked?

How about giving longer than <2 months to attract developers, businesses, pools, exchanges, games, etc to get ready for this coin?

How about having your forums populated, a complete announce list?

There is plenty that could have been done.  Two months to convert an entire country over to some cryptocurrency?  It boggles my mind that anybody thought it could have been possible.....

People need to think for a change and get out of their trance of chasing every new flashy coin that is released without asking questions first. If people lose money on auroracoin it is their own stupidity.  This hasn't played out by far yet.......

It will probably take at least another 3 to 6 months before auroracoin has the same following as Netcoin [NET] or Sexcoin [SXC]

If somebody wants to release a coin for Iceland and do it properly, then start planning now, get a team together, and have it ready for 2015.  THAT'S HOW YOU DO IT

[iwillimust]

Man, this coin ate like a 1/2 million BTC's and spit em down the garbage disposal.

No , the coins are in the hands of smart people , who kept their head cool.
Idiots lost.

You really are a very calm person
I think you are very good advice
Thank you

[molecular]

Also, I wonder whether a default mempool size is too small for a large number of unconfirmed transactions, hence the "not synced' message on the client which appears during slow block periods...?

Hopefully all this improves in 21 blocks from now.

I'm having extreme performance troubles with blockexplorer.auroracoin.eu. The only thing that solves it (for a while) is to re-load the whole blockchain and rebuild bitcoin-abe database. I think it has to do with the mempool transactions.

Same with auroraexplorer.atorox.net. It seems to get problems if amount of not-verified transactions gets over ~1000. It helps to keep auroracoind offline or restart it every now and then.

I described the problem in the bitcoin-abe thread. Does description fit what is happening on your side?

[molecular]

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Giving a bounty for pools founding blocks will just spark another ddos war, not a great idea

You are right. We would have to pay bounty only for blocks 5382, 5383, 5392, 5393, 5394, 5395, 5396, 5397, 5398 and 5399, not the ones that will have low difficulty. They will mine 5384 through 5393 in no time anyways. Would that work?

[molecular]

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Hmm.. Maybe the hashing power itself is not much, but encouraging ppl to solo mine would make them (us?) a community: "I can help, it is we against the greedy mean multipool miners" and more aware of the crypto coin functionality in general. It would also point out the real reasons for slow transactions (not enought mining power) to the major public.

And they might surprise us..  who knows how many miners there would be in the end?

Ok, I agree.

It doesn't have to be solo-mining, though. They can use a pool. Just they should only mine AUR and mine AUR all the time, especially when diff is high.

Also: it doesn't have to be CPU. There should be a high percentage of people with GPUs in Iceland, no?

Anyway, a few difficult days now won't be a catastrophe, unless the problems stays for a longer time.

I also agree. We could've (should've) done this a week ago or so.

[mineabit]

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Giving a bounty for pools founding blocks will just spark another ddos war, not a great idea

You are right. We would have to pay bounty only for blocks 5382, 5383, 5392, 5393, 5394, 5395, 5396, 5397, 5398 and 5399, not the ones that will have low difficulty. They will mine 5384 through 5393 in no time anyways. Would that work?

no the issue is that even with the high diff some pool ops will start dossing other pools in order to have miners going to them

[Canaanite]

http://www.ebay.com/sch/i.html?_trksid=p2050601.m570.l1313.TR12.TRC2.A0.H0.Xscrypt+mining&_nkw=scrypt+mining&_sacat=0&_from=R40

Here you can rent some rigs for short time

[ghur]

http://www.ebay.com/sch/i.html?_trksid=p2050601.m570.l1313.TR12.TRC2.A0.H0.Xscrypt+mining&_nkw=scrypt+mining&_sacat=0&_from=R40

Here you can rent some rigs for short time

Way too expensive rates for terribly low hashrates.
Throwing money at that won't even make the slightest of a dent.

Ebay mining contracts are for gullible idiots who don't understand what they're buying.

[solex]

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Giving a bounty for pools founding blocks will just spark another ddos war, not a great idea

You are right. We would have to pay bounty only for blocks 5382, 5383, 5392, 5393, 5394, 5395, 5396, 5397, 5398 and 5399, not the ones that will have low difficulty. They will mine 5384 through 5393 in no time anyways. Would that work?

A major mining pool will focus their hashing power on these blocks if they are fully compensated, and their customers get normal payouts. AUR is currently only about 40% as profitable as the best alt coin, so it would take about 0.5 BTC per block to get these blocks mined.
This is a crucial time for AUR so it would seem to be a good idea. Balduro, please PM me if you want to communicate to the pool owner directly.

[mmouse]

This is a crucial time for AUR so it would seem to be a good idea. Balduro, please PM me if you want to communicate to the pool owner directly.

It seems like we simply got lucky. Block 5383 was found by p2pool, and diff should be down 33% to 1605 now.

I'm not really sure why the wallet RPC command getinfo still shows 2406.9. It seems like it gets the diff of the last block found, not the diff for the next block after computing the diff retarget... (one could consider this a bug )

[FreeJack2k2]

16:16:06
{
"blocks" : 5380,
"difficulty" : 2406.86387150,
"networkhashps" : 6125141680,
}

So time to buy ... supply is halved .. and the coin didnt colapse after airdrop.

If the coin is getting back to its high ~0.15 if u buy now it would be a ~1200% gain ...

ym2c

This time last week, the exchange rate to BTC was .0248 and now it's .01 - that's a collapse and as more people cash out, it'll continue. A return to .15 is a pipe dream.

[Hellionator]

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Hmm.. Maybe the hashing power itself is not much, but encouraging ppl to solo mine would make them (us?) a community: "I can help, it is we against the greedy mean multipool miners" and more aware of the crypto coin functionality in general. It would also point out the real reasons for slow transactions (not enought mining power) to the major public.

And they might surprise us..  who knows how many miners there would be in the end?

Anyway, a few difficult days now won't be a catastrophe, unless the problems stays for a longer time.

We have a pretty stable user base at http://aur.scrypthp.com that have stuck through thick and thin.  Ive done some btc giveaways when things got really tough.  Please feel free to join and show your support for auroracoin.  Ive been mining there myself nonstop for months as I believe in this coin.

[mineabit]

This is a crucial time for AUR so it would seem to be a good idea. Balduro, please PM me if you want to communicate to the pool owner directly.

It seems like we simply got lucky. Block 5383 was found by p2pool, and diff should be down 33% to 1605 now.

I'm not really sure why the wallet RPC command getinfo still shows 2406.9. It seems like it gets the diff of the last block found, not the diff for the next block after computing the diff retarget... (one could consider this a bug )

As far as i know diff changes every 20 blocks, last change was at 5380 so i'm afraid we might be stuck with this until 5400. that is unless value skyrockets and multifools gets back in the game