[ANN] [BLTZ] [IPO Hybrid] BlitzCoin | proof of concept coin | pure speculative

[Armando]

I have been working on the idea of a multipool to drive some interest to the coin after the mining phase is over this should of course increase the value of the coin.

A more challenging problem is to find a way of using the multipool as a medium to secure the network without affecting its profitability too much from the point of view of the users, some alternatives:

• Redirect 1% of the hashrate to blitzcoin and charge 1% as administration fee, since most of the multipools charge 2% as an administration fee this would be competitive. This approach is quite simple for the user but is not really secure if there is only one multipool, this approach would work only if there are multiple multipools working the same way but it could be a waste of resources if the hahsrate is too high and the network could be secured with much less than that.
• The second alternative is to have a pool that disconnect miners X minutes after Y number of hours, and encouraging the users to use a failover to solo mine or use a pool that are mining blitz. Of course the problem with this is that the users must be honest about it and use the "down time" to secure the network, instead of mining some other more profitable coin but if they are interested in the multipool it means that they are somehow interested in the coin success so they should have the incentive to do it. The challenge is to make the pool profitable even taking into account this downtimes and also to find the correct parameters for X and Y.

If there is some interest from people to operate the pool I might give it a spin and release it as an open source project, since I have no problem developing it but don't have the time to operate it myself.

Also I am a backend developer so graphic/web designers are also welcomed to help.

What do you guys think ?.

Multipool is a great idea, this will work =)
I think the first option (redirect 1%) will be best!

[1714898676]

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[atchoum6760]

THX BlitzCoinDev for the bounty 

[Sooyoung]

THX BlitzCoinDev for the bounty 

Lucky you;oP its good news for me Dev is ok he don't device and pay ;o)

[buzz2708]

Blitz is listed on whatmine.com (Mining Profitability)!!!

I can't see it. Where?

There are up exchanges, add Bittrex, and refresh page, it'll be added in list

[Dapk1nmasta]

I've basically given up.
Lost several thousand coins after cashing out from hashing.it. The coins never showed up in the wallet, and the transaction history shows confirmed on the pool. I've deleted my blockchain and redownloaded it but still, the coins aren't showing up.

You probably cashed out while the pool was on the wrong fork. Check your transaction history on the pool to see if the blocks are shown as credited to your account. If the pool was on the wrong fork and is now on the right one, the coins from the forked blocks will no longer show up in the pool block history.

Yes, blocks still show up and show as confirmed on the transaction history.

[laserfocus]

where my blitz coinz??
i deposited @coinano.com  

Coinano has this message on the home page

"We are performing maintenance on the general system.
Follow at Twitter/Coinano"

Which exchange is open for bltz now?  

You can trade Blitz at Bittrex.

- Well designed user interface
- Based in the US
- Quality customer support

[slavo]

I imagine that we have no community manager ?

It could be good to start a thread with open applications, then a vote to elect someone taking care of PR and community management

It may be a speculative coin, but some dedicated people would help a lot.

 

[Sanasol]

http://sancrypto.info/index/show/BLTZ/

calc and charts

[Cryptokk]

http://www.cryptokk.com/gfx/votes/bltz.png

BLTZ has been added to the new Cryptokk's vote list.

Votes are free ! You can vote 1 time, every 2 hours, per account.

http://www.cryptokk.com/?p=votes
CTRL+F (search) -> BLTZ

[Miners.Pool]

http://miners-pool.com/bilder/logo1.png
http://blitzcoin.miners-pool.com

- Only 1% Fee
- Location in GERMANY
- Proportional Payout
- Fast and stable Server


Come and Join us and feel free to mine with us!

[theneos]

I imagine that we have no community manager ?

It could be good to start a thread with open applications, then a vote to elect someone taking care of PR and community management

It may be a speculative coin, but some dedicated people would help a lot.

 

I could setup a dedicated forum for us fwiw,  eg, blitzcointalk.com / org

I can also setup a faucet. just need people to donate to it as i only got less than  1k so can't fund it

[Palaxidon]

mining mining mining

[P2PHash]

Back to old settings with the main network! Spread hashrate, join p2pool
Address: bltz.p2phash.com

P2Pool benefits:
* No registration required
* Distributed hashrate
* Immediate payouts after a block is found
* Higher payouts with transaction fees paid to miners
* No account hack possible

Fee: only 0.5%
Start mining within seconds! Just point your miner to p2phash.com:4056 and use the Blitzcoin address from your wallet for username, the password doesn't matter.

You can now follow us on twitter: https://twitter.com/P2PHash

[Bitock]

If you have any sync issues please do following:

Close you wallet
download a wallet with latest checkpoints
Go to Start -> Run (or press WinKey+R) and run this:
%APPDATA%\BlitzCoin
delete everything BUT LEAVE wallet.dat
create new file: BlitzCoin.conf and add:
server=1
rpcuser=USER
rpcpassword=PASSWORD
addnode=cryptexplorer.com


start your wallet again and it should sync to the right chain


Windows wallet, checkpoint block 3150:
https://docs.google.com/uc?id=0B3lBEhr0wF7qZUgtV1dIWU55Rkk&export=download
https://mega.co.nz/#!l9xjkIQB!QknG31f4ZHTJiWQBryvtcSETkigDghT1mmkK0FDsXUA

Thanks!

[Matni]

Almost half the blocks done. Rocky first half, lets see what the second half brings.

[BlitzCoinDev]

I imagine that we have no community manager ?

It could be good to start a thread with open applications, then a vote to elect someone taking care of PR and community management

It may be a speculative coin, but some dedicated people would help a lot.

 

I could setup a dedicated forum for us fwiw,  eg, blitzcointalk.com / org

I can also setup a faucet. just need people to donate to it as i only got less than  1k so can't fund it

Yes, it's a speculative coin, but it's peoples coin as well. I'm not a dictator and I will not prevent usage of BLTZ, just I'll not encourage it.
Slavo, I encourage you to make your idea happen.

[escamillo]

If we could get something like this going for blitzcoin it would be great!

http://www.blackcoinpool.com/

Pure genius whoever came up with that.

[dukas93]

the price is way low now, not good enough as I think, and diff is too high.

[Jeezy911]

Im thinking we should see 3000 satoshi price point if multipool is set up next week

[nrg_wolf]

200 BLTZ block finder bonus for the next 12 hours (each time you find a block, you will earn 200 extra BLTZ)

The bonus is paid automatically each time you find a block & you can see it in the transactions page.

http://blitz.hashing.at/

Lightning fast servers!

Only 1% fee - payments are sent every 5 minutes.

PPLNS - STRATUM - VARDIFF

You can register here anytime or if you already have an account with us, create your workers.

love the layout. much better then the old style most use.