ANN-EMC2 Einsteinium FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY KMD-dPoW

[Armis]

troll ^^, I will buy at 100 satoshi. that's a no brainer.

Dude, if a coin goes from 100 to 800 in 4 weeks that might require less thought than the same coin going from 800 to 100 in 4 weeks.  

when you start to have success, people will start to hate. The more success you'll have, more hate will be pointed toward you. Keep up the good work guys.

Huh???  "success"

65% (770 to 270) devaluation in 15 days isn't success, nor anything to be envious of.


Any and ALL coins with a performance record like that have no reason whatsoever to expect praise of CC investors.

As it concerns EMC2 investors on top of the 65% loss they also carry the 2% mining tax, the weighted aggregate loss is near 70% for them. 

God forbid said miners ask for a different way to mine.   yep, "success"  [idiot]

[Varvarin]

This has been one of the most drama free threads/coins I have seen.  Lets not let a few malcontents throw off the positive atmosphere that einsteinium usually harbors.

Pretty sad to see a couple of trolls derail what could have been a miner's dream coin. And had to come at a time when asics are out in force, when instead of bigger hash, went to hell.

Keep buying and will be fine.

[leonar76]

WOWWWW. emc2 just come to 300 sat again at mintpal, buy wall at 300 sat emc2, pump begin soon.

EMC2 , I LOVE THIS COIN.

[etoque]

WOWWWW. emc2 just come to 300 sat again at mintpal, buy wall at 300 sat emc2, pump begin soon.

EMC2 , I LOVE THIS COIN.

Shhhht i want m'y coin cheap 

[tz]

is it dead yet?

[etoque]

is it dead yet?

'Dead' LOL this is a beautiful opportunity to buy

Cheap coin for No reason

[leonar76]

is it dead yet?

'Dead' LOL this is a beautiful opportunity to buy

Cheap coin for No reason

weekend , we will see 800 sat, this coin now very cheap, dont sell at these prices, just hold.

[Armis]

WOWWWW. emc2 just come to 300 sat again at mintpal, buy wall at 300 sat emc2, pump begin soon.

EMC2 , I LOVE THIS COIN.

hahahahaaa  had to quote this, clearly this guy is BOTH HAPPY AND SURPRISE to see 300 sat for EMC2; that's a huge indication of how dejected he was at the protracted low prices.

[Alphi]

Right now we seem to be a target of irrational trolls for reasons I cannot quite understand.  

to buy lower..

[djnocide]

troll ^^, I will buy at 100 satoshi. that's a no brainer.

Dude, if a coin goes from 100 to 800 in 4 weeks that might require less thought than the same coin going from 800 to 100 in 4 weeks.  

when you start to have success, people will start to hate. The more success you'll have, more hate will be pointed toward you. Keep up the good work guys.

Huh???  "success"

65% (770 to 270) devaluation in 15 days isn't success, nor anything to be envious of.


Any and ALL coins with a performance record like that have no reason whatsoever to expect praise of CC investors.

As it concerns EMC2 investors on top of the 65% loss they also carry the 2% mining tax, the weighted aggregate loss is near 70% for them. 

God forbid said miners ask for a different way to mine.   yep, "success"  [idiot]

Lots of people jumped in when it was at 700 sat, people started to realize what it was. Profitability was high, now we see a lot of people dumping their coins to jumped in the next hyped coin. Show me one coin that didn't dropped in his lifetime. The way a coin survive is by going through rough time like this. If emc2 is meant for success it will rise again, if not it will die (would be sad to see this since it's bringing something new to the crypto's)

[etoque]

Let me buy cheap coin on mintpal

 

Edit: Thanks I got my coins   

[djnocide]

Let me buy cheap coin on mintpal

 

Edit: Thanks I got my coins   

that's the way to do things , i'll get some soon too.

[einsteinium]

No, just no. Scrypt-N is even less efficient then scrypt. It is also not anymore secure then scrypt. There are no advantages going that direction.

There will be an official response from the developers regarding this in detail, with that being said this is my personal response.

In terms of any hashing algorithms being more secure, that is more myth and marketing then fact. In fact some of those present their own problems in terms of both security and the potential for botnets after analysis by our developer. Basically, they present some major security issues.  In addition some of these new algorithms are literally hacked together, they seem power efficient because they are not optimized. Good hashing algorithms, which scrypt is one, generally have the same level of security, and the same vulnerabilities. Scrypt is actually a secure algorithm, there is nothing wrong with it, other then a significant amount of irrational FUD around scrypt ASICs that is prolific right now.  Despite the fact that many of the scrypt asics have not made an appearance, and will likely be gradually be introduced into einsteinium's network. The reality is the advantage to ASICs, is actually security.

In terms of efficiency, some may be more power efficient in terms of GPU mining, that is not mean they are as efficient as they can be in general, and as I stated before, a few of them present their own problems in terms of security. As it has been pointed out, is ASICs are more efficient then GPUs no matter the algorithm, and there is a point where we will need to transition to that form of mining at some point. With that being said, as predicted, it would be needed at a certain point in our life-cycle, especially considering the halving schedule.

I would also not confuse investors with GPU miners either. The two groups are not necessarily the same. We see no reason to change our algorithm at this point. Essentially, it would just be a gimmick with no real advantage.

With all that being said changing the algorithm, and implementing such a large fork can present significant risks. This could range from outright killing the coin, the loss of previous coins, or something else. Litecoin laid out one, the biggest risk is it presents the risks of essentially creating a new coin and two separate forks. In this way forking the coin with a new hashing algoritm presents is a significant security risk, and one with no guaranteed rewards. Keeping the algorithm as is, ups and downs included, at least insures we will not see those risks that are introduced through a new algorithm change, which is in many ways, a gimmick, and one that can introduce major issues.  

It is not likely to happen to fork to a new hashing algorithm.

Praxiscat made a valid point incorporating what we (the dev team) discussed earlier. There is no benefit in changing the algorithm at this time. A fork is more than likely to damage the network and the community through loss of coins - we already have documented reports of lost coins from the previous fork, some from the user fault, others from the exchanges fault - or worse. The market is hype prone and irrational, if we would change the algorithm now, any effect would be temporary and WILL be mitigated the second the next hype worthy coin pops up on the forum.

ASIC FUD is again, irrational, ASICs are currently used on the Bitcoin network, SCrypt is the first algorithm beside SHA-256 to attract the attention of ASIC manufacturers, this is a good thing, it means a company invested thousands of dollars in development of such devices, this also means anything people say about ASIC effects on an alternative digital currency is pure speculation.

Seeing how more and more coins are going non-SCypt, we are actually gaining an advantage, by sticking to SCrypt we are effectively detaching ourselves from a "sea filled with fish" type of market and will enter a more defined market with heavy investors (the companies that invested in developing ASICs and the investors buying their devices).

I'll address the ASIC FUD more detailed now because we feel miners look at them from a pool perspective, a 1 on 1 type of thing. So far, most reactions made us believe miners are looking at ASICs as being alone in a pool with a 100MHs horse, while they are a 5MHs pony, the horse submitting more shares and getting more coins by the pool platform. There are alternatives to this, p2pools being one of them(regression to the mean). Rest assure, the protocol of the network dictates that the same amount of coins will be generated every X seconds despite the individual miner's hashing power.

This being said, if the community needs more explanations related to something, please ask here, me or another foundation member will respond as fast as possible.

I would also like to remind you all that the Einsteinium Foundation activates well beyond the realm of the internet - real world organization - where things are not instant and speed is dictated by the slowest denominator of the system. As much as we would like to offer you news on a daily basis about amazing things we made, it can't happen. We're always dependent on some other organization/institution or company to hold up their part of the deal, and that takes time.

One more thing, we are a foundation, a foundation for science, we try to uphold the highest moral standard we can, we try to use science to make the most educated and rational decisions we can. Replying to trolls is just a waste of energy with no actual gain for the coin or the foundation, it's an irrational act. As members part of this community, and by extension the foundation, please try to uphold the same principles, don't answer to trolls.

The Dev Team wishes you all a good day!

(sorry for the color, it was the quickest way to catch your attention)

[praxiscat]

On a different topic.

Please submit projects for Epoch 3:
http://einsteinium.org/submit-a-project/

[Lucif3r]

it's kind of sad not being able to get rich in few weeks with EMC2  . So I am investing for the future as I believe this coin will take off one day. That's why I keep buying more EMC2 whenever I am some BTC available after accumulating enough BTC to pay for electricity bill.

One thing I want from the dev is more regular updates of what is going on with this coin. Otherwise, keep up with your good work.

[codmaster]

i have faith in science, decent coin that raises money lets raise some more and get emc2 prices uppppp

[etoque]

it's kind of sad not being able to get rich in few weeks with EMC2  . So I am investing for the future as I believe this coin will take off one day. That's why I keep buying more EMC2 whenever I am some BTC available after accumulating enough BTC to pay for electricity bill.

One thing I want from the dev is more regular updates of what is going on with this coin. Otherwise, keep up with your good work.

A bit sad yeah haha

But +1 for régular update, a kind of roadmap if it possible would be very Nice:)

[Armis]

Hey guys

We have just finished developing fully customizable and installation-friendly price and calculator widgets.

You can display and convert EMC2 against any crypto / fiat on your webste

Check it out https://www.cryptonator.com/widget

good work

I tried to use it a number of times in different ways, it needs more work.

the setting adjustments aren't necessary


Here's an example of something rather simple that was not obvious to do with your calculator: 1 BTC Sat (0.00000001) is equal to how many Lite Sat?

[etoque]

So Team, whats news/project !?

[praxiscat]

We need to get some things hammered out with our lead dev before making any definitive statements, especially in terms of objectives. Thank you for the input though, it has helped.