[ANN][PI] piCoin - The Math Cryptocurrency - Just Launched, Now on 3 Exchanges

[fenghush]

Such a nice theme for a coin, such a waste on yet another scrypt shit.

[nemesisshaw]

Is there a profit calculator out for picoin?

Needs to hit a bigger exchange first.  Vote for it on mintpal and it's listed as PI piCoin.

[CharityMiningPools]

CharityMiningPools - Donate to Charity while you Mine!

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* Does not apply to the Manadtory %0.75 Donation fees that go to Charity

Come mine while making a difference.

Mandatory 0.75% donation fee goes to the BitGive Foundation this month.  We welcome and encourage you to donate more to a good cause.

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How Does This Work?
All coins minded at CharityMiningPools will require a mandatory 0.75% 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 0.75% Donation fee, we welcome and encourage our miners to raise the stakes and donate more to a good cause.

Cheers!
CharityMiningPools

[Wolf_Pack]

Is there a profit calculator out for picoin?

Needs to hit a bigger exchange first.  Vote for it on mintpal.

I started voting this morning.  I'd like to see this coin on a better exchange.

[nemesisshaw]

Unfortunately all the hash power seems to have moved to one pool but there are some good pools there!

Once the dev fix the difficulty I will do some cheering.  Once this coin hits preferably Mintpal but even Poloniex or CoinedUp will make it show up on CoinWarz!

[onepix]

https://www.youtube.com/watch?v=OMq9he-5HUU
Pi song

[piCoinProject]

Unfortunately all the hash power seems to have moved to one pool but there are some good pools there!

Once the dev fix the difficulty I will do some cheering.  Once this coin hits preferably Mintpal but even Poloniex or CoinedUp will make it show up on CoinWarz!

We're sending out emails this evening to several of these exchanges so if they decide we're a good fit for their exchange we may be on one of the CoinWarz "certified" exchanges sometime soon. CoinWarz isn't always the greatest thing for a coin as multipools are always selling (and hence buying has to keep up), but it's a natural step in progression that every coin has to go through as it rises to the top.

Update will go live tomorrow at 16:00 UTC.

We actually have some pretty good news. Obviously the update but also a new piCoin dice site launching this week according to the owners of the site. We got on exchanges way faster than most coins, so it can be hard for the buying demand to keep up in the beginning with the selling demand. This sort of thing is what increases buying demand, which is important on the journey to real world popularity.

[TheRealSorcerer]

We actually have some pretty good news. Obviously the update but also a new piCoin dice site launching this week according to the owners of the site. We got on exchanges way faster than most coins, so it can be hard for the buying demand to keep up in the beginning with the selling demand. This sort of thing is what increases buying demand, which is important on the journey to real world popularity.

It's true that piCoin got on exchanges really fast but its price also went down really fast. I think it cannot be lower now, and the buy demand is low. I'd like to know what do you have in mind to make it raise again. I like this coin so I haven't sold any piCoin and I think I won't, at least at the moment.

[nemesisshaw]

We're sending out emails this evening to several of these exchanges so if they decide we're a good fit for their exchange we may be on one of the CoinWarz "certified" exchanges sometime soon. CoinWarz isn't always the greatest thing for a coin as multipools are always selling (and hence buying has to keep up), but it's a natural step in progression that every coin has to go through as it rises to the top.

This is very true.  To me this coin seems like a good mixture of MintCoin and Dogecoin (without the meme attached).

It's true that piCoin got on exchanges really fast but its price also went down really fast. I think it cannot be lower now, and the buy demand is low. I'd like to know what do you have in mind to make it raise again. I like this coin so I haven't sold any piCoin and I think I won't, at least at the moment.

Noobs not understanding how markets work and instantly trying to sell their few pi to make table scraps.  Like I've seen people complain "Why am I mining this coin if there's no profit?" It's like.. dude, whatever you ever mined a launch coin before? 

[Wolf_Pack]

It's true that piCoin got on exchanges really fast but its price also went down really fast. I think it cannot be lower now, and the buy demand is low. I'd like to know what do you have in mind to make it raise again. I like this coin so I haven't sold any piCoin and I think I won't, at least at the moment.

Noobs not understanding how markets work and instantly trying to sell their few pi to make table scraps.  Like I've seen people complain "Why am I mining this coin if there's no profit?" It's like.. dude, whatever you ever mined a launch coin before? 
[/quote]

Plus a lot of people got their free coins and just dumped them.

[Wolf_Pack]

Unfortunately all the hash power seems to have moved to one pool but there are some good pools there!

Once the dev fix the difficulty I will do some cheering.  Once this coin hits preferably Mintpal but even Poloniex or CoinedUp will make it show up on CoinWarz!

We're sending out emails this evening to several of these exchanges so if they decide we're a good fit for their exchange we may be on one of the CoinWarz "certified" exchanges sometime soon. CoinWarz isn't always the greatest thing for a coin as multipools are always selling (and hence buying has to keep up), but it's a natural step in progression that every coin has to go through as it rises to the top.

Update will go live tomorrow at 16:00 UTC.

We actually have some pretty good news. Obviously the update but also a new piCoin dice site launching this week according to the owners of the site. We got on exchanges way faster than most coins, so it can be hard for the buying demand to keep up in the beginning with the selling demand. This sort of thing is what increases buying demand, which is important on the journey to real world popularity.

Is the block rebar get rate the only change in the update?

[nemesisshaw]

pi1.okaypool.com is making a killing off withdrawls but it's the biggest pool! *grumble grumble*

[Wolf_Pack]

pi1.okaypool.com is making a killing off withdrawls but it's the biggest pool! *grumble grumble*

I started solo mining because of some of the fees the pools were charging.

[nemesisshaw]

pi1.okaypool.com is making a killing off withdrawls but it's the biggest pool! *grumble grumble*

I started solo mining because of some of the fees the pools were charging.

How's the luck with solo?

[Wolf_Pack]

pi1.okaypool.com is making a killing off withdrawls but it's the biggest pool! *grumble grumble*

I started solo mining because of some of the fees the pools were charging.

How's the luck with solo?

I'm only using a single R9 270 to mine, but I've hit two blocks. I mined in a pool for about 18 hours and only generated 11k coins. I've been solo mining for 3 days now.

[sellhimechoes]

I hope this coin is actually going to hold some value and not just be a typical 1 satoshi type coin.....

[nemesisshaw]

I hope this coin is actually going to hold some value and not just be a typical 1 satoshi type coin.....

As long as the devs stay with the coin and it will retain some value.  I mean silly GrumpyCoin is valued at $5/day per 1MHash on CryptoRush currently.

[Wolf_Pack]

When will the updated wallet launch?

[piCoinProject]

We actually have some pretty good news. Obviously the update but also a new piCoin dice site launching this week according to the owners of the site. We got on exchanges way faster than most coins, so it can be hard for the buying demand to keep up in the beginning with the selling demand. This sort of thing is what increases buying demand, which is important on the journey to real world popularity.

It's true that piCoin got on exchanges really fast but its price also went down really fast. I think it cannot be lower now, and the buy demand is low. I'd like to know what do you have in mind to make it raise again. I like this coin so I haven't sold any piCoin and I think I won't, at least at the moment.

There are a few reasons for the low price.

1. There is always some risk when putting your money on an exchange. Now, we have nothing but great things to say about all exchanges that list piCoin so far, but a lot of members are naturally weary of these mid-tier exchanges. As a result, people are not comfortable putting bitcoin on the exchange. They're more than comfortable with selling the latest coin though, because the value is still uncertain and they're less attached to it.

2. Giveaways can sometimes hurt the price, especially so when one of the giveaways is on one of the first exchanges. Check all the exchanges - the price varies.

3. It really just got on the exchanges so fast. There wasn't enough time for enough demand to build. However, price will go up as the demand increases.

There have been very few articles about piCoin. All it takes is one article on a larger newssite and we're out of this hole.

Update Cancellation

We have decided to cancel this update. We feel it's in the best interest of this coin to not make the changes in the update. For right now we will be leaving the coin as is.

We apologize if this caused anyone any inconvenience.

[Wolf_Pack]

We definitely need something to drive attention to the coin, just like Doge did with the Jamaican bobsled team.  Some good publicity would help attract attention.