[ANN] [RBY] ★★ Rubycoin ★★ A precious gem for the digital age

[gepisar]

Hello all; this would be my first post here - I must say Ive enjoyed reading the last couple of days posts. And I have mined almost double digit rubies! Ive also looked at the charts of many other cryptos and it seems that they all head south. [Whether they will bounce only time will tell] This being the case, I gather that most miners move their coins to an exchange and sell. There is nothing that can be bought with these coins. (Bitcoin, Lite and a few other aside) - If there were real products that only accepted Rubycoin for example, would this support the value? And, whilst Im asking questions, why hasnt Amazon or Walmart created their own coin? (Maybe they have and they are mining their own coins which can then be traded like vouchers/gift cards?) Is this sense or have I missed something?

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[btcltcdigger]

Hello all; this would be my first post here - I must say Ive enjoyed reading the last couple of days posts. And I have mined almost double digit rubies! Ive also looked at the charts of many other cryptos and it seems that they all head south. [Whether they will bounce only time will tell] This being the case, I gather that most miners move their coins to an exchange and sell. There is nothing that can be bought with these coins. (Bitcoin, Lite and a few other aside) - If there were real products that only accepted Rubycoin for example, would this support the value? And, whilst Im asking questions, why hasnt Amazon or Walmart created their own coin? (Maybe they have and they are mining their own coins which can then be traded like vouchers/gift cards?) Is this sense or have I missed something?

Well said sir!

But to answer your question, they haven't created their coins because they don't need to.

[venmo]

I jumped out. Off to mine Beecoin. They promised a 0% premine and stuck to it and everyone started mining at the same time unlike here.

Still can mine like it's the first day due to it currently being under the radar of most miners.

[mogonzo]

I've jumped in. I'm a communications consultant, and I see the potential of RubyCoin. I've actually been newly contracted (tonight) to do communications work for the RubyCoin team, and am confident enough in this coin's future to be taking payment for my work 100% in RUBY.

Ignore the naysayers people, in my opinion this coin is going places. Upward trend in value from a stable base after only 24 hours. Not only that, many of the sell orders of higher amounts indicate I'm not alone in thinking you shouldn't dump your ruby on the cheap.

[Jeezy911]

This is not the next Mintcoin, that title belongs to Blackcoin. Sorry devs you fckd up royally on this one, and it didn't have to be this way. Is that 3% premine worth 5 dollars yet? If so, you better dump it now.

[Bfljosh]

I've jumped in. I'm a communications consultant, and I see the potential of RubyCoin. I've actually been newly contracted (tonight) to do communications work for the RubyCoin team, and am confident enough in this coin's future to be taking payment for my work 100% in RUBY.

Ignore the naysayers people, in my opinion this coin is going places. Upward trend in value from a stable base after only 24 hours. Not only that, many of the sell orders of higher amounts indicate I'm not alone in thinking you shouldn't dump your ruby on the cheap.

I lolled.

[mogonzo]

I've jumped in. I'm a communications consultant, and I see the potential of RubyCoin. I've actually been newly contracted (tonight) to do communications work for the RubyCoin team, and am confident enough in this coin's future to be taking payment for my work 100% in RUBY.

Ignore the naysayers people, in my opinion this coin is going places. Upward trend in value from a stable base after only 24 hours. Not only that, many of the sell orders of higher amounts indicate I'm not alone in thinking you shouldn't dump your ruby on the cheap.

I lolled.

Nice incorrect use of the meme, btw.

[cryptohunter]

d

[mogonzo]

I've jumped in. I'm a communications consultant, and I see the potential of RubyCoin. I've actually been newly contracted (tonight) to do communications work for the RubyCoin team, and am confident enough in this coin's future to be taking payment for my work 100% in RUBY.

Ignore the naysayers people, in my opinion this coin is going places. Upward trend in value from a stable base after only 24 hours. Not only that, many of the sell orders of higher amounts indicate I'm not alone in thinking you shouldn't dump your ruby on the cheap.

I lolled.

Nice incorrect use of the meme, btw.

hehe another brand new account, yeah what a shock....communications consultant hey? contracted in.... hehehe that's quite funny.

Look PRO, here's the thing. They fucked up the first launch, then to add injury to insult they fucked up the 2nd launch but on an even more grand scale. If they didn't fuck up and it was a premeditated scam...that is even worse.

They launched early - alienating those that believed they would not fuck up AGAIN since they promised not to.
They didn't have a compiled wallet for windows - alienating those rare breed that use that rare operating system on their computer
They fucked up the block reward 10x less
They basically destroyed their coin.

Since you're a communications specialist.............try to get through to them that you can not alienate most of the board and expect your coin to do well.

Try to help them comprehend that it will be easier for them to scrap this scam coin and start a new one. The lesson learned is don't think you can screw people over and just scam your way out of it to success.

Start a new coin, make it fair. Simple. Then you can be the communications consultant and not just the whipping boy for everyone who doesn't like getting shafted.

New account with an older nickname. I've been around.

There was an absolutely fair launch. The first number of blocks were mined at a lower amount (50), this ensured all pools had a fair shot to get ready in time.

[cryptohunter]

d

[mogonzo]

I don't think you understand. The 50 RUBY block reward was intentional, and not announced ahead of time as a security measure. We had pools essentially ruin the first launch by breaching the procedural launch agreement. At this point, I'm wondering what pool you were a member of?

hmmm.... 

[portice]

There has to be a better way to fuck the lemmings than this epic failure.

[oranges411]

If they didn't fuck up and it was a premeditated scam...that is even worse.

If...  There's no evidence of this, and the accusation of scam which you keep throwing around makes absolutely no sense.  Go ahead and call me a shill, but I reject the generous giveaways given on the ruby IRC to random people every five minutes.

They launched early - alienating those that believed they would not fuck up AGAIN since they promised not to.

Simply not true.  They launched half an hour late working out tiny kinks of Ubuntu compiling.  3:30 EST is when they launched, launch was planned for 3:00 EST.

They didn't have a compiled wallet for windows - alienating those rare breed that use that rare operating system on their computer

I run my rig on a thumb drive, I don't even need to touch my Windows installation.  Linux is 100% free and a 5 year old can install Ubuntu/Xubuntu/Lubuntu.  
The difficulty at the beginning was way to high for solo mining to be worth it anyway.  I honestly don't understand the butthurt.  Pools were ready on time, miners of ruby.hash.so (open to the public) got most of the tiny initial block rewards, but that is an entire other flame war between Ruby and hash.so (that has basically ended)

They fucked up the block reward 10x less
They basically destroyed their coin.

Basically you and a few others are angry you couldn't instamine the coin.  50 coin block reward until block 500.  Do you not understand how this is a preventative measure?  I'm fully convinced that you and whoever that other person is that started this flame war (almost a day after launch lol) had huge rigs and are disappointed you couldn't get as many coins as you did.  Just wait a couple days till the 'only mine new coins' people move onto another coin and the difficulty goes down, you'll get plenty.

[cryptohunter]

I don't think you understand. The 50 RUBY block reward was intentional, and not announced ahead of time as a security measure. We had pools essentially ruin the first launch by breaching the procedural launch agreement. At this point, I'm wondering what pool you were a member of?

hmmm....  

Simple...only give the pools the source a few mins before the windows qt is released??

[mogonzo]

I don't think you understand. The 50 RUBY block reward was intentional, and not announced ahead of time as a security measure. We had pools essentially ruin the first launch by breaching the procedural launch agreement. At this point, I'm wondering what pool you were a member of?

hmmm.... 

Simple...only give the pools the source a few mins before the windows qt is released??



Let's not get side tracked from the MAIN parts of the scam.

Why start 2 hours ahead of the specified launch time?

Why after all this hassle to relaunch did you not have windows qt's compiled for people to mine with?

I think these are the major points here.

Wonder no longer.... i was a miner that turned up at the advertised time ready to solo mine only to find out that wasn't a good game plan in this case.

After the first fuck up and the promise it would release smoothly and to plan...........wtf happened?

If it is not a scam.... i am interested in a full explanation of those actions.

You're either lying or woefully misinformed. There was no mining ahead of time aside from the paltry 50 coin block reward, meant to slow down those who were hoping to jump the gun. Even a few minutes to pools of less repute is enough to give people a huge advantage with this coin considering how the difficulty works. The decision was one of integrity and a big factor in why I was willing to take this contract.

Why don't you go promote beecoin in your own thread?

[cryptohunter]

If they didn't fuck up and it was a premeditated scam...that is even worse.

If...  There's no evidence of this, and the accusation of scam makes absolutely no sense.  Go ahead and call me a shill, but I reject the generous giveaways given on the ruby IRC to random people every five minutes.

They launched early - alienating those that believed they would not fuck up AGAIN since they promised not to.

Simply not true.  They launched half an hour late working out tiny kinks of Ubuntu compiling.  3:30 EST is when they launched, launch was planned for 3:00 EST.

They didn't have a compiled wallet for windows - alienating those rare breed that use that rare operating system on their computer

I run my rig on a thumb drive, I don't even need to touch my Windows installation.  Linux is 100% free and a 5 year old can install Ubuntu/Xubuntu/Lubuntu.  
The difficulty at the beginning was way to high for solo mining to be worth it anyway.  I honestly don't understand the butthurt.  Pools were ready on time, miners of ruby.hash.so (open to the public mind) got most of the tiny initial block rewards, but that is an entire other flame war between Ruby and hash.so (that has basically ended)

They fucked up the block reward 10x less
They basically destroyed their coin.

Basically you're angry you couldn't instamine the coin.  50 coin block reward until block 500.  Do you not understand how this is a preventative measure?  I'm fully convinced that you and whoever that other person is that started this flame war (almost a day after launch lol) had huge rigs and are disappointed you couldn't get as many coins as you did.  Just wait a couple days till the 'only mine new coins' people move onto another coin and the difficulty goes down, you'll get plenty.

I don't wish to single rubycoin out, but really after 1 failed launch you are meant to do better NOT worse.

[oranges411]

Please don't jump in spouting madness........there is no way they launched late. They went early.

This is a complete lie.  Do you have any evidence of this?  Of course not.  Around 3:30 EST was the time it was launched. 3:00 EST was the planned launch.  You think the launch was planned at 4?  Are you messing up your timezones?

[BrewCrewFan]

My understanding is this

First blocks were intentionally small to make sure that instant mining did not happen as other pools caught up on loading up the wallets. I think most of the pools kicked off right around the same time.

Second, those who thought they would solo mine this are nuts. The dif jumped rather quickly. Unless you had 60+MH I doubt you even would have found a block.

Third, it was launched late. I saw the time on the main page. Was here before waiting until launch.

Only thing that may be wrong is the premine, but all coins premine, what they do with it is another story.

[niteryder]

http://ruby.allpoolz.com
- Always 0% mining fees!
- Proportional Payout
- Miner Notifications
- Port 8080 mining
- VARDIFF
- STRATUM
- DDoS Protection
- Database off-loading (faster more reliable)
- Ticket support
- US Server

Our pool is killing it!!  All 77KH/s.   

[RouletteRun]

Please don't jump in spouting madness........there is no way they launched late. They went early.

I'm glad you like your linux, but i'm afraid if the dev wants to have 1.2M coins, he can at the very least give us a working QT

I am not angry. I am simply pointing out the bad points of this launch. If you insist we should all run linux then i'm sorry i just don't agree.

I don't wish to single rubycoin out, but really after 1 failed launch you are meant to do better NOT worse.

If you don't mean to single RubyCoin out, why have you been at it all day? Why don't you just go find a coin to enjoy and move on?