drmavis
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Activity: 69
Merit: 10
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March 27, 2014, 04:54:48 PM |
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Any progress on getting this coin on an exchange? Miners won't mine it forever for the sake of it if there are no good/services/exchanges.
I think it could have promise. The features I see are:
-Skein mining algorithm is different than most coins and is cooler for GPU's; also no ASICS
-"Burning coins" is novel - I also am not sure what the difference is from doing this vs. slower coin production, but it is a different strategy
-Uses latest Bitcoin wallet as its base
-Nigeria meme - either as a "cult" coin with sarcastic/humorous take on it (scam emails) or as charity or technology development for the country
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nigeriacoin (OP)
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Activity: 70
Merit: 10
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March 28, 2014, 12:27:10 AM |
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Any progress on getting this coin on an exchange? Miners won't mine it forever for the sake of it if there are no good/services/exchanges.
I think it could have promise. The features I see are:
-Skein mining algorithm is different than most coins and is cooler for GPU's; also no ASICS
-"Burning coins" is novel - I also am not sure what the difference is from doing this vs. slower coin production, but it is a different strategy
-Uses latest Bitcoin wallet as its base
-Nigeria meme - either as a "cult" coin with sarcastic/humorous take on it (scam emails) or as charity or technology development for the country
We are working hard on getting some exchanges. We don't have any BTCs to contribute to get onto a "bounty" exchange so we are messaging exchange admins directly. Also, our Proof of Burn - Coin Distribution Symmetry address has been generated. The first burns have gone through. We are putting a script to burn the CDS premine automatically. http://explorer.nigeriacoin.org/address/NigeriaDestroyCurrencyHAhaHAmoSNy2The burning coins vs slower coin production is amazing in concept. we can reduce coin inflation to zero or even make it negative! you cannot do that with coin production as inflation by definition is always going to be 0+. Also, the other BIG benefit is the way coinmarketcap calculates market values. It does it on the entirety of coins outstanding, which includes the premine. Yes, I know this is a troll concept, but it's meant to be fun and it's actually a test bed for new tech that we will be rolling out into other major altcoins. We plan to support this as well as distribution into Nigeria either by marketing, direct distribution, or the more likely route is donating to Nigerian non-profits and focusing the foundation on that goal. |
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nigeriacoin (OP)
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Activity: 70
Merit: 10
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March 28, 2014, 02:00:28 PM |
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Steven Lee
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Activity: 84
Merit: 10
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March 28, 2014, 02:08:39 PM |
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Could you please link the swisscex.com market directly? I am logged in there but I can't find it.  Sorry, it should've said soon. Updated the OP. Looking forward to this coin. I think it could have promise. The features I see are: -Skein mining algorithm is different than most coins and is cooler for GPU's; also no ASICS -"Burning coins" is novel - I also am not sure what the difference is from doing this vs. slower coin production, but it is a different strategy -Uses latest Bitcoin wallet as its base -Nigeria meme - either as a "cult" coin with sarcastic/humorous take on it (scam emails) or as charity or technology development for the country |
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turint
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March 28, 2014, 08:44:56 PM |
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Hello, interesting coin you have here  I'm offering the NigeriaCoin community the pool http://ngc.plasr.com -- it's with stratum on port 3000, PPLNS, Vardiff I'm running two other skein-based coin pools there, for Skeincoin and for Xedoscoin, so I'll be keeping an eye on NGC pool. It's not like the next scrypt-based pool. The server is monitored and always up. Happy mining! |
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Zambe
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Activity: 9
Merit: 0
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March 29, 2014, 04:26:05 AM |
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nigeriacoin (OP)
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Activity: 70
Merit: 10
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March 29, 2014, 04:32:09 AM |
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This is good news. We may soon have a Western Union USD / NGC exchange soon if we get onto c-cex! |
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Infectiphibian
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Activity: 112
Merit: 0
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March 29, 2014, 04:37:32 AM |
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Just to take a wild guess, I don't think anybody is mining or cares about your scammy shitcoin.
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MsCollec
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Activity: 1400
Merit: 1000
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March 29, 2014, 10:14:17 AM |
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Good news  What about any international calling card services ? |
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91porn
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March 29, 2014, 10:27:59 AM |
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what about this coin
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drmavis
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Activity: 69
Merit: 10
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March 29, 2014, 03:27:04 PM |
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What's up with the pools? They seem to be buggy since last night and not updating information properly. What ones are working well for others?
I predict this coin is going to take off in the next couple days for the reasons I said in my last post and because it will probably be listed on C-CEX within the next 24 hours (it is voting rank #1 by quite a bit).
So devs keep the publicity momentum going...
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tomvalois
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March 29, 2014, 05:54:47 PM |
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If this coin is based on the way things work in Nigeria, shouldn't there be a 85% pre-mine that the government keeps? Ans a 25% transaction "tax"?
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svojoe
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Activity: 968
Merit: 1000
einc.io
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March 29, 2014, 06:36:45 PM |
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If this coin is based on the way things work in Nigeria, shouldn't there be a 85% pre-mine that the government keeps? Ans a 25% transaction "tax"?
Ha! Something like that! I believe (from the looks of it) the major motivation behind this coin was to try out some new technology (newest, protocol, Proof of Burn with auto-coin destroy etc) And that the fiscal issues faced by Nigeria serve as a great backdrop as they are suffering from corruption and a severe lack of confidence in the Naira. Every coin has its flaws for sure but I think NGC is trying to make a point and contrast itself against a modern fiat currency on the ropes of a strong nation. |
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turint
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March 29, 2014, 08:40:48 PM |
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What's up with the pools? They seem to be buggy since last night and not updating information properly. What ones are working well for others?
do you have problens with ngc.plasr.com? what do you mean "buggy"? |
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drmavis
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Activity: 69
Merit: 10
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March 29, 2014, 08:44:26 PM |
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What's up with the pools? They seem to be buggy since last night and not updating information properly. What ones are working well for others?
do you have problens with ngc.plasr.com? what do you mean "buggy"? Well CrunchHarder was not showing my hash rate, blocks, or credits, and Tales from the Scrypt was totally down. The manager of Tales told me they were DDOS attacked and fixed it. Haven't tried ngc.plasr.com yet. There were no people on it last time I checked and I am a small time miner (single 280X) so I won't get any coins if I'm the only one. |
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nigeriacoin (OP)
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Activity: 70
Merit: 10
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March 30, 2014, 07:08:02 AM |
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What's up with the pools? They seem to be buggy since last night and not updating information properly. What ones are working well for others?
do you have problens with ngc.plasr.com? what do you mean "buggy"? Well CrunchHarder was not showing my hash rate, blocks, or credits, and Tales from the Scrypt was totally down. The manager of Tales told me they were DDOS attacked and fixed it. Haven't tried ngc.plasr.com yet. There were no people on it last time I checked and I am a small time miner (single 280X) so I won't get any coins if I'm the only one. I've mined on crunchharder, talesfromthescrypt until it got taken down by DDoS, and poolerino. I have 2 290s and get really nice payouts still, so you should still get some payouts on an 280x. There's probably going to be 1-3 exchanges coming up in the next few days to a week! I think when people realize how nice the Skein algo is for mining, they will also come over to the coin. |
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