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Author Topic: ANN-EMC2 Einsteinium FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY KMD-dPoW  (Read 1076337 times)
Timespace
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March 26, 2014, 05:34:38 PM
 #2381

Yay! You all rock!  Grin

"Long live Crypto!"
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bobq
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March 26, 2014, 05:54:53 PM
 #2382

Many are complaining that the price doesn't rise, but that's quite silly.  Shocked
99% of coins out there are mostly speculative coins with no real relation and/or utility in the real life outside the cryptocoins market, and it's true that if they don't rise they are likely to die. Which other reason they have to exist rather than providing quick gains for early adopters? But if you watch closer you'll see that most of them get just inflated in pump waves which then collaps as the big whales at some point fatally dump. And then they die, or anyay they barely survive, their communities (full of sad empty bagholders) remembering the happy times where their beloved coin was priced 10-100 times more.
Is it that that you wish for Einsteinium?
Unlike other coins, Einsteinium has real positive effects in the outside world, as it produces real usable funds for scientific research. It is guaranteed NO scamcoin. Unlike most of the other coins their developers have revealed their identities and don't feel that they have to hide.
If it would keep actual prices forever the consequence would be that it would forever produce funds for scientific research - it already would be a success, even though as investors we woudn't profit.
But I am SURE einsteinium will rise in price. However, for the higher prices to be sustainable the rise must happen VEEERY slowly, as more and more true science lovers add up to our still little, but beautiful community. ONLY science enthusiasts will go for Einsteinium for the long term and they won't dump the coin as soon as they double or triple their money. We don't really need new miners who are looking only for profit. Miners who are looking just for profit will INEVITABLY dump the coin as soon as they reach their targets, and panic selling of the others will do the rest. You see that everywhere, again and again.
Much, much better to be patient and to wait that more and more science enthusiasts will find us (science magazines and webistes will increasingly speak about us) and join our community thus giving a real higher value to our coin.
People wish for the coin to rise so that it attracts miners because of its increasing value.
But that's nonsense! Or at least a bit naive way to think.
Value is a consequence, not a cause!
There's no sustainable way you can pump the value of the coin before that value is real, a true consequence of non delusional sinergies within the community. This is the tragedy of most of the other crypos.
If you are here for the long term, be happy that it is taking more time for the price to rise, as this means that you will have more time to buy cheap coins which will make you much more happy in future. It also means that more and more true science lovers, as they will discover einsteinium, will have the chance to buy cheap coins. Don't be an egoist, just give time to the new incoming true science lovers to buy more and more cheap coins that they won't easily dump. It's a win-win situation - waiting for the core of the community to have a critical mass is an advantage for everyone.
Multipools and big miners just looking for quick profit would just come and go, leaving a devastated wasteland. Stop hoping to attract the attention of those crypto-locusts. Be patient and wait for the good buyers. Try to think as real investors.
I believe that the longer will will wait for the price to rise, the higher the chance that we will actually manage to become effectively rich (if we managed to buy enough coins in this early stage, of course).  Smiley
Good luck!

 Grin btw my 2 EMCS:
EVGeRESfkfes43K2MA3mBbX2WCkGPw5qon

etoque
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March 26, 2014, 06:04:05 PM
 #2383

Guys, do you think the value of the coin would rise if we changed to a new algo, just wondering out loud here.

Yes!but not immediatly, Soon a mass of miner leave scrypt for x11/Jane scrypt, look at blackcoin,vertcoin many miner switch for this:)

Blackcoin is normal scrypt Smiley

I would say darkcoin Grin
spicelord
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March 26, 2014, 06:24:49 PM
 #2384

Got sph-sgminer up and running on my SMOS rig. Ready to go!

Lydian
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March 26, 2014, 06:31:03 PM
 #2385

net hashrare ~0.81GH/s
the emc2 community need more miners...
etoque
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March 26, 2014, 06:37:06 PM
 #2386

net hashrare ~0.81GH/s
the emc2 community need more miners...

Be patient, you made more coin now ! Smiley
dille71
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March 26, 2014, 07:52:44 PM
 #2387

Guys, do you think the value of the coin would rise if we changed to a new algo, just wondering out loud here.

Yes!but not immediatly, Soon a mass of miner leave scrypt for x11/Jane scrypt, look at blackcoin,vertcoin many miner switch for this:)

Blackcoin is normal scrypt Smiley
Blackcoin is pos, you cant mine it at all. Just like mintcoin.

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
dille71
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March 26, 2014, 08:00:41 PM
 #2388

Would it be possible to convert this coin into pure pos? That would eliminate any mining pump/dump

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
spicelord
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March 26, 2014, 08:06:04 PM
 #2389

Apparently there is now a working version of the client with X11. More info on the algo poll page.

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March 26, 2014, 08:07:45 PM
 #2390

More news.
Walter Moss (The Scientist whose project won) has responded to me. He is thrilled to recieve the award.
He was actually promoting it on twitter.

There will be more updates soon!

Einsteinium.org
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March 26, 2014, 08:13:16 PM
 #2391

Also I would like to note, we are still early in the coins life, there is going to be instability, ups and downs, etc. It's is something which is traded.
But it is also something which is a vehicle for helping to fund science. Something that we have already done. We will go through it all again next month. The more people we fund, the more scientists and organizations out there promoting us. We are on our first month, and we already have began to fulfill our foundation mission. Seriously...I am looking at the price, a little disappointed, but I feel absolutely incredible right now. This community is helping to fund a cancer research project just by mining, and voting. This is pretty unprecidented.

Einsteinium.org
BotwinBG
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March 26, 2014, 08:39:17 PM
 #2392

So we basically just funded a larger portion of that experiment.com project if exchanged to btc/fiat now? Pretty cool.

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SnoopCn
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March 26, 2014, 08:46:40 PM
 #2393

Guys, do you think the value of the coin would rise if we changed to a new algo, just wondering out loud here.

Yes!but not immediatly, Soon a mass of miner leave scrypt for x11/Jane scrypt, look at blackcoin,vertcoin many miner switch for this:)

Blackcoin is normal scrypt Smiley
Blackcoin is pos, you cant mine it at all. Just like mintcoin.
Well thay are PoS now but the algo they use is scrypt.

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einsteinium (OP)
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March 26, 2014, 08:57:35 PM
 #2394

So we basically just funded a larger portion of that experiment.com project if exchanged to btc/fiat now? Pretty cool.

Yes we did. It feels amazing to be able to partake in this. Being here in the beginning and helping EMC2 fund science is one of the coolest things I've ever done in my life and its only going to get better!

Cant wait to see how we deal with the handover of funds. This should be interesting.

Stay tuned.

MIL coin Blue Paper www.emc2.foundation/mil
chocobo
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March 26, 2014, 09:00:41 PM
 #2395

x11 would be a great addition right now because even though it isn't needed right now there is TONS of hype around it Smiley
BotwinBG
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March 26, 2014, 09:19:29 PM
 #2396

https://litecointalk.org/index.php?topic=11864.msg150035#msg150035

"If someone is actually spending money to build a hardware solution for your software application then this is biggest symptom of your software's success.
ASICs is good for Litecoin and all Litecoin derivatives. It's proof that someone is investing millions of dollars in mining Scrypt based coins more efficiently, and people are willing to buy this hardware."

^
This +1.

Still voting for scrypt. The big money is in scrypt and that is where the future lies IMO. Not with a bunch of small time miners crying fair.

AMEPAY
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March 26, 2014, 09:37:24 PM
 #2397

It's not just about fairness. The basic idea is that it will be more centralized when the ASIC manufacturers and the people investing in them control the game. It isn't the 100MH unit that is going to make it impossible for Jo blow to get a few coins. It's the second and third generation that will wipe that out. It doesn't hurt to make it easier for the average person to get in on some of the action. This makes it less centralized.

"Long live Crypto!"
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ThePatient
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March 26, 2014, 09:42:58 PM
 #2398

https://litecointalk.org/index.php?topic=11864.msg150035#msg150035

"If someone is actually spending money to build a hardware solution for your software application then this is biggest symptom of your software's success.
ASICs is good for Litecoin and all Litecoin derivatives. It's proof that someone is investing millions of dollars in mining Scrypt based coins more efficiently, and people are willing to buy this hardware."

^
This +1.

Still voting for scrypt. The big money is in scrypt and that is where the future lies IMO. Not with a bunch of small time miners crying fair.

I can see the argument for the bolded above, however the underlined above is where I think that post is wrong. Coins that aren't that big yet that use scrypt (such as this one) just wont be able to survive asics.
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March 26, 2014, 10:05:02 PM
 #2399

So apparently someone just bought up all EMC2 on Poloniex up to 580 satoshi   Shocked

https://poloniex.com/exchange/btc_emc2

 Coinrush.pl  - FREE coins!!
Killercoin - https://bitcointalk.org/index.php?topic=530736
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March 26, 2014, 10:11:57 PM
 #2400

It's not just about fairness. The basic idea is that it will be more centralized when the ASIC manufacturers and the people investing in them control the game. It isn't the 100MH unit that is going to make it impossible for Jo blow to get a few coins. It's the second and third generation that will wipe that out. It doesn't hurt to make it easier for the average person to get in on some of the action. This makes it less centralized.

The second and third gen ASICs are still far out, in cryptoterms anyway. KNC are the only ones I would trust with my money at this stage, and even that is somewhat nah after their Plan B. Also, the average Joe might be more inclined to leave the coin for something else in the future than people investing in some expensive hardware. Who is going to support this coin at say Epoch 12 or 25? I know my GPUs will not but I will probably leave quite a few 5w gridseeds on it.

AMEPAY
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