[ANN] [PIG] Piggycoin old Thread.

[CharityMiningPools]

CharityMiningPools - Donate to Charity while you Mine!

pig.charityminingpools.com

Be a pioneer and help us get started, come mine while making a difference.  

Mandatory 0.5% donation fee goes to the BitGive Foundation this month.  We welcome and encourage you to donate more to a good cause.

STRATUM, VARDIFF, Datacenter Redundant Server Farm, Load Balanced Servers, Frequent Backups
0.5% Mandatory Donation fee to a Good Cause, 0.5% Pool Fees, 0% AP TX Fees

Who Are We?
CharityMiningPools was created to allow miners the ability to mine coins while still knowing that their hashing power is going towards something good.  Our goal is to provide a positive and reliable service while delivering a small portion of the proceeds to a deserving recipient.  Plans are in the works to allow individual miners to choose where they would like to donate to based on a pool of available recipients.

How Does This Work?
All coins minded at CharityMiningPools will require a mandatory 0.5% Donation fee.  This donation fee will be collected and donated to the designated charitable recipient for that given month.  Though we only require a minimum 0.5% Donation fee, we welcome and encourage our miners to raise the stakes and donate more to a good cause.

Cheers!
CharityMiningPools

[mega]

Indeed. We could use the community power!
This coin is growing fast.

[mega]

We're listed @ http://coinmarketcap.com

[badam]

We're listed @ http://coinmarketcap.com

Yay

[Vyker]

I dont see it :/ ?

Edit: on the second page lol - i dont think I'd ever clicked onto the second page!

[mega]

Not bad for such a new coin I must say

[mrflibblehat]

We're listed @ http://coinmarketcap.com

With such a great dev team and community this coin is just getting better and better

OINK! OINK!

[viriat0]

We're listed @ http://coinmarketcap.com

With such a great dev team and community this coin is just getting better and better

OINK! OINK!

good work

Piggy on the moon!!!

[piggycoin]

New website seeing developments right now. We will launch it very soon!

[greentea]

New website seeing developments right now. We will launch it very soon!

awesome .. cant wait to see it

[mega]

Btw guys, I dont know if you notice, but we're at swissex exchange ( I know, a ver good exchange, eheh)
Bring those miners and keep oiking!

[MyFarm]

I've jumped onboard this coin.  I like the idea of a coin aimed towards kids.

Question for the dev though:

1.  What happens when the 2 billion coins are mined out?  If there isn't reward halving, do blocks suddenly just stop giving coins?

2.  I'd suggest a fork with some strong reward halving SOON and then at the last halving, let each block still have some number of coins so there is some incentive to mine much like dogecoin.

[MyFarm]

If anyone wants to sell me some piggycoin off exchange, please PM me.  I'll buy 50,000+ coins.

[piggycoin]

I've jumped onboard this coin.  I like the idea of a coin aimed towards kids.

Question for the dev though:

1.  What happens when the 2 billion coins are mined out?  If there isn't reward halving, do blocks suddenly just stop giving coins?

2.  I'd suggest a fork with some strong reward halving SOON and then at the last halving, let each block still have some number of coins so there is some incentive to mine much like dogecoin.

Hey, as I stated before the coin is like this in the sake of simplicity. So its easier to understand and comprehend by outsiders. What if we add rewards after the last block, so miners keep the network alive and we can still keep it simple?

[MyFarm]

Hey, as I stated before the coin is like this in the sake of simplicity. So its easier to understand and comprehend by outsiders. What if we add rewards after the last block, so miners keep the network alive and we can still keep it simple?

That would work.  But maybe add a single halvening (soon) but take the coin down to maybe 100, 200, or 500 coins per block?  That's still very simple and helps them understand what's going on with other coins.  Otherwise you're going to flood the market with coins too fast and I think we'll have a hard time getting anyone to adopt this coin on a wide scale.

To keep it REALLY simple, you could just take the block reward down to 100 coins per block.  That will add enough age to the coin where you don't need to add a halvening or have more coins be created after the cap is hit as it'll take much longer to hit the cap and then we'll be established enough to rely on miner fees alone.

[onetoc]

He has a good point there, creating a fork in the chain might actually be a good idea. If your trying to keep it simple, maybe creating a simple block halving schedule.

Afterall the aim is to teach others about crypto currencies, would also make the coins more valuable no?

[mega]

Jump in!!

[pearstar20]

Jump in!!

http://s26.postimg.org/qd27j5ml5/piggycoin.png

trade volume 400$ lol.. that 500% doesnt mean anything with that volume

[piggycoin]

To keep it REALLY simple, you could just take the block reward down to 100 coins per block.  That will add enough age to the coin where you don't need to add a halvening or have more coins be created after the cap is hit as it'll take much longer to hit the cap and then we'll be established enough to rely on miner fees alone.

This is an excellent idea.  I have avoided Piggy so far because of the block reward setup.  If you do this, I would invest.

I will start a vote on this, if the community agrees we will do it.

Member MyFarm sent this "100 coins per block is still 72,000 coins per day and 26,280,000 coins per year.  That's a LOT, but MUCH better than what we have now.  As you are now, you're really NOT aimed to kids because there is no way you'll get a $.01 per coin valuation.  No kid is going to play with $.00003223 per coin valuation.  But with 100 coins per block, we can get a valuation of $.01 per coin in my opinion which kids DO understand.", and I think he´s right, that's just my position though, let's see what the community thinks.

[MyFarm]

Obviously you know my vote

If this coin is going to be aimed towards kids which I think is AWESOME and what makes it unique, then we have to strive for a $.01 valuation per coin because that's what kids will understand.  If a teacher sees that the kids have to deal with .0000421354 valuation per coin, I just don't think it's going to happen.

Reducing the block reward keeps things simple yet allows there to still be tons of coin yet be rare enough that I feel we can get a $.01 valuation.

If we DO fork, please be sure to fork at a future block so the pools and exchanges can implement the new code.  I've seen a couple coins break because the dev put the fork only a few minutes ahead.  Heheh.