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Author Topic: ANN-EMC2 Einsteinium FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY KMD-dPoW  (Read 1042484 times)
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May 25, 2014, 06:56:22 PM
 #4461

buying and mining too Cheesy
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May 25, 2014, 08:15:24 PM
 #4462

Just posting to say I am holding EMC2 for the long run.

Site is nice, glad to see community rallying behind this coin.

Horses in midstream.
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May 25, 2014, 09:56:50 PM
 #4463

To give some informations about merge mining since there's a lot of speculation on what could happen.
Here's what i found on merge mining with an other coin:

For a simple explanation of merge mining: (info found on http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work ) change the bitcoin and namecoin names for emc2 and the other coin we could merge mine with.

First, the miner must assemble a transaction set for both block chains. He then assembles the final Namecoin block and hashes it. He then creates a transaction containing this hash that is valid in the Bitcoin chain and inserts it in the Bitcoin transaction set at the tip of the tree. He then assembles the final Bitcoin header with this transaction in it and sends out the work units.

If a miner solves the hash at the Bitcoin difficulty level, the Bitcoin block is assembled and sent to the Bitcoin network. The Namecoin hash does nothing and the Bitcoin network ignores it.

If a miner solves the hash at the Namecoin difficulty level, the Namecoin block is assembled. It includes the Namecoin transaction set, the Namecoin block header, the Bitcoin block header, and the hash of the rest of the transactions in the Bitcoin block. This entire "mess" is then submitted to the Namecoin system. The Namecoin system, supporting merged mining, accepts this as proof of work because it contains work that must have been done after the block header and Namecoin transaction set was built. (Because you can't build the Bitcoin transaction set containing that hash, and therefore the Bitcoin header that secures it, without that information. So it proves the work was done.)


Pros:
-Technicality of both coins stays the same (block time, difficulty retarget option, total amount of coins)
-51% attacks protection increased with th hashrate of both network combined
-For the same hashrate you use to mine one coin, you get coins from the other network

cons:
- needs a hard fork for the implementation
- No one knows what the miners of both networks will do with the extra coins they get
- If the community decide they don't want to merge mine anymore, an other hard fork is needed
- Pools operator have to setup their pools properly for merge mining, which mean that there's a chance that not all pools switch

The smaller coin do the hard fork for the merge mine, the bigger coin don't need to do any changes. It's an option we have to keep in mind since the goal of emc2 is for people to mine it, bigger the network, bigger are the donations.

If we choose this options we need to decide if we want to merge mine with a bigger coin (ltc, doge, etc.) or we find 2-3 small coins, that have been around for some times and proved they weren't just a Pump and dump scheme, to create a bigger network for those coins.

We need to choose carefully and wisely because the merge mine will have an impact on the image of the coins involved. You can't choose any coins and you can't do it just because it looks great.

I hope this clarify merge mining as an option to help emc2 survive this rough time.

Let's see who want to see the merge mine happening, if the community wants it. We'll have to look for the potential coins to merge with after.
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May 25, 2014, 10:34:50 PM
Last edit: May 26, 2014, 05:53:01 AM by Vlad2Vlad
 #4464

Whoa, "Vlad2Vlad"  Shocked  ... you here to help EMC2 out of this major jam, or to issue last rites?

Your wealth of CC knowledge, and hands-on aggressive style may be the shot-in-the-arm needed to wake EMC2 up out of its current coma.    

Do you currently own any EMC2?

Have you followed EMC2 at any point in the past 4 weeks?






Hahaa, thanks but no.  Just buying some EMC2 because it has gotten so ridiculously cheap.

I'm expecting a massive crypto boom this summer and these ultra cheap coins should really blast off when millions of new investors come in looking for coins to buy.

Good luck!

iXcoin - Welcome to the F U T U R E!
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May 26, 2014, 05:45:07 AM
 #4465

i bought too gonna use it too help make price rise
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May 26, 2014, 06:24:39 AM
 #4466

EMC2 pump starting.... take offf to the moon.
Please tell me this is not a fake... the 1/4 mill i hold are bothering me...... I know this coin is worth it, community STAND.
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May 26, 2014, 03:41:01 PM
 #4467

EMC2 pump starting.... take offf to the moon.
Please tell me this is not a fake... the 1/4 mill i hold are bothering me...... I know this coin is worth it, community STAND.

Sure if the moon he speaks of is 100 sat  ... otherwise no there's no 'take off', and no pump, heck there's barely a pulse.  

Look closely many of the orders are simply place holders for specific rates.  The day's volume for ALL of the exchanges combined was ~1.5 BTC (rate range 77 to 101).

The talk (hype) serves no good purpose, however as talk graduates to action markets respond.  I think the website may have helped to slow EMC2 decline; after it was mentioned the rate essentially went from low 80s to low 90s, before it was mentioned (although the site was there to see) the rate was in the high 70s.

My interpretation of this is:

1) Action - the community is rewarding action, more meaningful action is likely to result in higher values,
2) Orders - the spacers orders are poorly veiled efforts to prop up the coin,    
2) Volume - at this particular time extremely low volume probably has more to do with investors readying their pockets for a lower priced coin than advancing disinterest.  The major evidence of this was the reaction to the Mintpal malfunction and service interruption.  The problem resulted in EMC2 dropping from 100 to 77, volume was considerable.

There are at least 7 issues of great concern to the community, my guess is as they get identified, hashed, and solved, fixed, or implemented EMC2 rates will respond with great favor.

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May 26, 2014, 03:45:01 PM
 #4468

i love emc2 , now 125 sat , pump starts...

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May 26, 2014, 04:03:23 PM
Last edit: May 26, 2014, 11:18:58 PM by Armis
 #4469

i love emc2 , now 125 sat , pump starts...

indeed a welcome reprieve, and a sight for sore eyes:

+34.5%  Polonex
~ 40%  Cryptsy (not reported)
+58.23% Mintpal


The EMC2 has got to capitalize on positive market swings, this one seems to account for Darkcoin's return from its recent moon trip, which essentially sucked all of the money out of the alts for a couple days (EMC2 went from ~200 to ~100).   Now that Darkcoin's wild ride appears to be normalizing, some of the CC victims of her wake are beginning to see  some funds return.   

Market swings like this are fleeting, but with a strong EMC2 recovery plan in place these positive market swings will serve as boosters instead of life savers. 

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May 26, 2014, 04:07:34 PM
 #4470

i love emc2 , now 125 sat , pump starts...

calm down,I wanna stock some too before something  Grin
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May 26, 2014, 05:03:31 PM
 #4471

emc2 to 300 sat sooon.. i love emc2.

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May 26, 2014, 05:15:40 PM
 #4472

The top 100 list is no longer working. Does anyone have the updated page?

http://coinia.net/einsteinium/getbalance.php?top=100

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May 27, 2014, 10:13:32 AM
 #4473

Come to the new #emc2 IRC Channel and get tipped! We will also tip you for bringing a friend with you! If you do not have an IRC client please use this link. - https://kiwiirc.com/client/irc.kiwiirc.com/?nick=Einstein|?#emc2
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May 27, 2014, 10:19:02 PM
 #4474

EMC2 has seen a few updates since the last time I posted, so here is the breakdown of the latest happenings.

  • The website has been beautifully redesigned and updated. Updates and progress can be found at http://einsteinium.org. Please report any bugs you may find to edward@einsteinium.org
  • A bugfix for the "unlimited wormhole" bug has been pushed to our Github. Please take your time to look over the sourcecode and vet the code. This marks the first initial update to our wallet while new features are being worked on. A new stand alone wallet update is coming soon.

We are exploring Proof of Stake as an alternative pathway for the future of Einsteinium (EMC2). This weekend our core developer did some of the initial testing / analysis and he said it can be implemented. With that being said, we have not entirely determined the mechanics around it and how this may change things to the foundation, so this is just to start to the conversation. We are looking forward to community input on this matter largely because this would be a big change for Einsteinium if we went this direction.

Please chime in and let us know how you feel about pure PoS with EMC2.

On a personal note, my health is greatly improving and I appreciate the kind PMs and emails from supporters. Thanks everyone.

- Ryan

Developing the future of crypto.
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May 27, 2014, 11:20:07 PM
Last edit: May 28, 2014, 01:14:44 AM by Cobra
 #4475

Glad you are feeling better Ryan and thank you for the update. This is great news.

The website looks really nice, I'm guessing info about EMC2 coin will be added to that later or will you have a separate site to focus on the coin versus the Foundation.....could be a good idea.
In my opinion proof of stake would be a welcome addition to EMC2 but I really don't think that alone has the power to bring it up out of the ashes.  If you add this somewhere around 5-8% per year sounds reasonable.

The bottom line is miners want X11 algo to save on energy/heat. The support of the miners is needed to get them back mining.....POS will not be enough.
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May 28, 2014, 12:08:03 AM
 #4476

I think PoS would only be a good idea if implemented does not change the current maximum amount of coins to be be minted.  Also, the PoW period should be shortened as the PoS kicks in this way we don't have a ton of newly minted coins all at once tempting people to dump them.

just my $0.02

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May 28, 2014, 12:24:26 AM
 #4477


Please chime in and let us know how you feel about pure PoS with EMC2.


this has been discussed at length over the past week or so... it is all in the history of this thread.

KARMA: KSc9oGgGga1TS4PqZNFxNS9LSDjdSgpC1B      VERT: VgKaooA5ZuLLUXTUANJigH9wCPuzBUBv9H
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praxiscat
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May 28, 2014, 01:23:06 AM
Last edit: May 28, 2014, 01:46:09 AM by praxiscat
 #4478

I should note, to reach roughly the same amount of coins during the 50 year life as EMC2 is laid out, 300 million ...it would be around 2.0% per year for PoS when we implemented. So 10% per month is out, as stated that inflation rate is too high. With that being said, the rate of distribution would shift to being more even during this 50 year period.

Again, we are leaning towards PoS, not a new mining direction. Again whatever direction we go there will be detractors and supporters. In terms of the mechanics of PoS...we are still evaluating things, thus why we opened it up to the community. With that being said, our core dev does support a move towards PoS as supposed to a new mining algorithm, even though from his perspective it would be a heavy lift.

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May 28, 2014, 02:13:27 AM
 #4479

Glad you are feeling better Ryan and thank you for the update. This is great news.

The website looks really nice, I'm guessing info about EMC2 coin will be added to that later or will you have a separate site to focus on the coin versus the Foundation.....could be a good idea.
In my opinion proof of stake would be a welcome addition to EMC2 but I really don't think that alone has the power to bring it up out of the ashes.  If you add this somewhere around 5-8% per year sounds reasonable.

The bottom line is miners want X11 algo to save on energy/heat. The support of the miners is needed to get them back mining.....POS will not be enough.

x11 is shit compared to myr/grs trust mje, i have 40 + gpus. x11 peeps are not right, please try and argue this....

 With that said, screw x11! Oh yea I already said that... there is no benefit for this coin or society.


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May 28, 2014, 02:16:47 AM
 #4480

Glad you are feeling better Ryan and thank you for the update. This is great news.

The website looks really nice, I'm guessing info about EMC2 coin will be added to that later or will you have a separate site to focus on the coin versus the Foundation.....could be a good idea.
In my opinion proof of stake would be a welcome addition to EMC2 but I really don't think that alone has the power to bring it up out of the ashes.  If you add this somewhere around 5-8% per year sounds reasonable.

The bottom line is miners want X11 algo to save on energy/heat. The support of the miners is needed to get them back mining.....POS will not be enough.

If you want me to show how bad x11 is I will.. I am on hangouts, will send my bamt/myr/grs code. This is the most energy efficient shit I have ever seen. I want to help man...
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