[ANN] AIRcoin

[Joerii]

I would argue a few points of your recent posts, but I'll stick to just one that I think makes the point, demand is what forces prices to rise, not mining difficulty.

Demand also raises price... but A farmer has to ask for enough to cover the cost of the cows food...

Thus, difficulty (Us spending money on electricity [AKA: overhead loss]), DOES raise the price... There is no "demand" for AIR at the moment. Also, thus, "Demand is not what is driving the value." (Want, possibly, for future HOPE, but not "Demand"... There are no crowds building in the streets, demanding AIRcoins. )

There's one fact you're overlooking.

You're overestimating the avarage miners IQ. Many of them don't to proper math. The read a cool ANN and point their rigs without calculating the cost of "the food for the cows". They like a coin, so they mine it. Naive and silly, but that's how it goes.

In case anyone cares, I won't be mining AIR because of the diff but I'm buying  whatever is dumped.

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[ISAWHIM]

There's one fact you're overlooking.

You're overestimating the avarage miners IQ. Many of them don't to proper math. The read a cool ANN and point their rigs without calculating the cost of "the food for the cows". They like a coin, so they mine it. Naive and silly, but that's how it goes.

In case anyone cares, I won't be mining AIR because of the diff but I'm buying  whatever is dumped.

I am not overlooking that "hope to get rich". (That is what is driving them. At any expense.)

I, like you, "want" more of the low valued coins that those are willing to sell. Throw them my way, I eat them for breakfast!

But, I also still mine, because the difficulty is not up to 200,000 yet. So, in a year, when it is, this mining now will be a lot more rewarding. I have time to wait. My cows eat the neighbors grass! lol. I breath your AIR! (Not sure what that is saying. xD)

[Joerii]

So how many AIRcoins do you guys have now ? I have a couple over 400 at the moment.


EDIT I just caught a pretty big dump, but we're gonna need the Aircoin team to take the next one, im out of BTC for now

[ISAWHIM]

I am sitting on only 2000AIR at the moment. (No fear from me, I am a hoarder... I have millions in fireflycoin and thousands and thousands of emeraldcoins and also globalcoins and phoenixcoins too. Others of various denominations, as they never all rise at the same time.)

Also, at the moment, at the previous high-difficulty, I was earning 26.04AIR a day, with 3MHs worth of my miners, solo-mining. (One rig.)

At the current price, that is about $24.99 a day ($749.70 a month)... Which is more than any other scrypt-coin estimates, at the moment. (Highest scrypt-coin daily return is about $17.00 at the moment.)

That is about $8.3328/MHs

Now, with the lower difficulty, I will make more. (I assume a pool went down? DDOS or just internet gremlins.)

If you are making less in a pool... then your pool may be one of the ones having share-thefts occur. (Thus, you are getting less blocks, but splitting the blocks found, over more shares... thus, getting less than me, who is solo-mining.)

Once this coin hits Cryptsy, I will be buying more. I don't care for poloniex... Keeps freezing on me and does not load a lot. Plus, I prefer FinCEN listed exchanges now, after the whole Gox issue.

[Joerii]

Hmmmm I might hire a few rigs....

Do you fellows know if http://air.ctrlaltdefeated.us/ has the share cheating problem ? How do you check for that ?

[ISAWHIM]

Hmmmm I might hire a few rigs....

Do you fellows know if http://air.ctrlaltdefeated.us/ has the share cheating problem ? How do you check for that ?

You know your hash-rate... I just showed you what I was getting, for the prior hash-rate/diff-value. You should have similar results, better since you are in a pool with more spread of luck than any solo-miner.

Also, you can find a similar difficulty coin on a website like coinwarz, and see the "estimates"... If the coin is a 25 reward in 1.5 minutes, and it says you should earn 75 coins per day... you should be finding about 3 blocks. (Here that would be 3*3.72 = 11.16AIR in 24 hour period.) That is provided that the difficulty is roughly the same. But ballpark...

If you have only 5 coins a day... for days... then your pool may be getting share-raped and block-starved, or have lots of down-time you are not seeing. (If your hash-rate average is reported the same as your miner, then it is not the pool "shorting you". That is an external manipulation, screwing with the blocks acceptance. Unless your pool just got stuck with a bunch of orphans, from a mini-fork.) Your pool should have a history of blocks they found. Also, how "lucky they are"... and "expected blocks", and "expected next block-time". If it expects 1 block every 5 minutes, with the hash-rate they have, but it only finds 1 every 10 minutes... that is a "sign" of an issue. (As long as the difficulty didn't double between estimates, and keep doubling.)

Diff at the moment is about 17.08 (1.12M in cgminer)... Closest coin to that difficulty and reward, is WorldCoin so 50 reward @ 150 a day, is 3 blocks a day, which is about 11.16AIR... But WorldCoin is a 30-sec coin target, so I would expect double that estimate. Which would be about 22.32 AIR, which is what I actually get. (Fast-coins like that have a lot of rejects and losses. That is why I double that estimate from the website. I have gotten zero rejects with this higher diff, and only had about 5% rejects when AIR was super-low difficulty, due to the longer time for finding a target solution, and the implementation of the KGW.)

[hughjays77]

APH is giving a 25% higher return at current diff of 118. Try it if you can stand the volatility

I am sitting on only 2000AIR at the moment. (No fear from me, I am a hoarder... I have millions in fireflycoin and thousands and thousands of emeraldcoins and also globalcoins and phoenixcoins too. Others of various denominations, as they never all rise at the same time.)

Also, at the moment, at the previous high-difficulty, I was earning 26.04AIR a day, with 3MHs worth of my miners, solo-mining. (One rig.)

At the current price, that is about $24.99 a day ($749.70 a month)... Which is more than any other scrypt-coin estimates, at the moment. (Highest scrypt-coin daily return is about $17.00 at the moment.)

That is about $8.3328/MHs

Now, with the lower difficulty, I will make more. (I assume a pool went down? DDOS or just internet gremlins.)

If you are making less in a pool... then your pool may be one of the ones having share-thefts occur. (Thus, you are getting less blocks, but splitting the blocks found, over more shares... thus, getting less than me, who is solo-mining.)

Once this coin hits Cryptsy, I will be buying more. I don't care for poloniex... Keeps freezing on me and does not load a lot. Plus, I prefer FinCEN listed exchanges now, after the whole Gox issue.

[ISAWHIM]

APH is giving a 25% higher return at current diff of 118. Try it if you can stand the volatility

What coin is APH?

P.S. Poloniex can't decide if it is [BTC/AIR (Correct)] or [AIR/BTC (Incorrect)]
{They changed the redundant symbol order on all the charts. They are not swappable. lol.}

It is xxx BTC /per/ 1 AIR...
Not xxx AIR /per/ 1 BTC...

That exchange just lost all my interest... lol.

[Joerii]

APH is giving a 25% higher return at current diff of 118. Try it if you can stand the volatility

What coin is APH?

I think he means a pool but I don't know which one either

[Joerii]

Phew the bot stepped in Or someone with some spare BTC hahah

[adhitthana]

APH is giving a 25% higher return at current diff of 118. Try it if you can stand the volatility

What coin is APH?

Aphrodite Coin.....or Cyprus Coin.   The way to avoid Bail-ins! 

[anonymousxx1503]

It would currently take 11.828 BTC to clear the way to 0.0031 BTC for Aircoin, which would put it at 2$ and 5.2 million market cap on coinmarket cap when it appears there (15th position). That would be very noticeable.

[AIRcoin]

We have a new release, as promised. AIRcoin: The First 24 Hours. This post outlines out approach, troubles, solutions, and plans for the future in the development of AIRcoin.

Read it on our Documents Page: http://teamaircoin.org/docs/
Direct Link PDF: AIRcoin: The First 24 Hours

It puts some hard data to the Investment Pool, and gives a simple, organized explanation of how it works, and explains why AIR is more profitable to mine than SPA, or any other scrypt coin listed on coinwarz right now, and through that, interestingly enough, it explains very well the exact discussion about mining difficulty that is going on in this thread. Soon following this, we will have a revised version of the whitepaper to spread as well, that will explain even more complex phenomena.

This release is also the start of an AIRcoin community project: Expand the Atmosphere. We are sponsoring media coverage, and while we pursue major locations, we want the users of AIRcoin to spread the word through every social network. Show them the documents,  ask them to read them and look at the website, if they understand our coin, they'll do what they want to. But we need the world to know about AIRcoin, now that we are operational. Rewards will be offered for exceptional results, to help support our community

This will involve an improvement to our Reddit, Forums, Website, and other presences online as well. We have contacted CoinMarketCap to get AIRcoin listed, as well as the following groups:

Cryptocoin News
Cryptocoin Updates
Crypto-Source
Altcoin Weekly
Coindesk
Altcoin Fever
Bitcoin Magazine
Altcointoday

We want you guys to be very vocal and direct with us in how we expand from here on. The best way to get people interested in AIRcoin? Ask them: "What do you think of this coin?" Get feedback, criticism, discuss it with them, and through expanding our userbase, hopefully we'll also learn something new.

[AIRcoin]

On more thing...

AIRcoin is now listed on Moola.io market capitalization listing: http://moola.io/

Occupies #21 on their ranking.

While I tend not to believe in superstition, 21 has always been an important number in Bitcoin's development.

[Joerii]

Great work Alexander !

[minecoin22]

i need pool.

[mkasiak]

i need pool.

http://air.cryptopool.eu  works fine for me several days. And now they have good luck. It is in EU.

[hughjays77]

Alexander, Two questions:

1) Are you human ?
2) If so, do you require sleep ?

[CryptoKiller]

air.ctrlaltdefeated.us could use some more hashpower. Been there for weeks and its been stable and paying out entire time.

[AIRcoin]

Alexander, Two questions:

1) Are you human ?
2) If so, do you require sleep ?

Sleep is for the weak.