[ANN][ScryptAdaptive] KMC KimoCoin - KimotoCoin [5 EXCHANGES!]

[birdonwheels5]

Ok, I've been doing some work on the webpage, let me know what you guys think.

Link:

https://www.dropbox.com/s/jlrfg1aozqp4cen/KimoWebsitePicture.PNG

Edit: Yes, it's modeled after the block explorer. I wrote the code myself, though.

Wooo figured out external style sheets! This is so much fun lol

[jacob019]

Great start, thanks for your contribution.  Things are looking up--increasing hashrate, minutes away from block 100,000, and active development.   

[birdonwheels5]

Well I'm working on the website, and it's about time to start filling in content. But I need a little help from you guys.

Here's some questions that need to be addressed:

What is our purpose for this coin?
What is the motive and goal?
Why should someone invest in our coin, and what sets us apart from other coins?
Should we be transparent about the block reward schedule, or will the huge number of coins in circulation scare people away?

That's all I have for now, but I'm sure there's more. I'll make another post if I come up with any. If anyone else thinks of anything or answers, please let us know!

[RobFordWotWot]

The front-page is mostly inactive pools. Are there any active?

[jacob019]

The front-page is mostly inactive pools. Are there any active?

I would recommend mining on kmc.1js.us.  0% fees.  Great time to start mining, block reward is at maximum.  You should also consider solo mining, even with a low hash rate you'll get blocks.

[GraberKGD]

The front-page is mostly inactive pools. Are there any active?

http://kimo.internetarena.it/

[jacob019]

Well I'm working on the website, and it's about time to start filling in content. But I need a little help from you guys.

Here's some questions that need to be addressed:

What is our purpose for this coin?
What is the motive and goal?
Why should someone invest in our coin, and what sets us apart from other coins?
Should we be transparent about the block reward schedule, or will the huge number of coins in circulation scare people away?

That's all I have for now, but I'm sure there's more. I'll make another post if I come up with any. If anyone else thinks of anything or answers, please let us know!

What is our purpose for this coin? What is the motive and goal?

This coin was started by an Italian university student as a fun project to help educate and get people involved in crypto-currency.  Now that the project has been taken over by the community it has become an enjoyable project for a small community of miners and traders.  Currently the purpose of the coin is to provide entertainment for those who engage with it.  It is our goal to grow the community and adopt new purposes and to find use in trade.  Due to the small dedicated community KimoCoin offers a unique opportunity to study Micro-CryptoEconomics.  Furthermore it offers investment potential to those who engage with KimoCoin and help to grow the community.

Why should someone invest in our coin, and what sets us apart from other coins?

KimoCoin has a colorful history.  It has a unique block reward schedule that builds up to maximum payout over the course of several months and decreases at a similar speed over several more months.  The distribution is an upside down V rather than the typical exponential decline exhibited by most coins.  Early adopters still have an advantage, but early adopter is redefined as people who join the community within the first few months rather than the first few weeks.  This has made the coin more fun to engage with as it is not a typical pump-and-dump altcoin designed to make the developers rich, rather it is a community experiment.  You should invest in our coin if you see growth potential and given the small size of our community all newcomers can make a difference and help to guide the future of our project.  Given the low price and ease of mining, there's very limited risk.  Currently the market cap is only around $1000, so even the smallest miners and traders can get a decent chunk of the distribution.

Should we be transparent about the block reward schedule, or will the huge number of coins in circulation scare people away?

Absolutely!  The block reward schedule should be displayed on the website, next to all the coin specs.  It's one of the unique features of our coin that makes it special and different.  We're here to have fun and to grow the coin and try to build value for our stakeholders.  An open community project needs transparency to thrive.  To do otherwise wouldn't be fun.

[COMKORT]

Bring your trading to COMKORT exchange to enjoy highly user-friendly UI with great variety of features and wide range of cryptocurrencies. At COMKORT all of your trading issues will be attended promptly and professionally by our responsive tech-support team.

Everyday we are working to make your trading easy and efficient!

[jacob019]

difficulty up to 0.10413952
13 faucet users in 24 hours
active trading on Comkort
11 LTC in buy orders
Four days until the first negative adjustment to the block reward

Mining is profitable.  At the current reward, diff, and price one could rent a rig on leaserig or betarigs and sell the coins for a profit.

[cell.md]

difficulty up to 0.10413952
13 faucet users in 24 hours
active trading on Comkort
11 LTC in buy orders
Four days until the first negative adjustment to the block reward

Mining is profitable.  At the current reward, diff, and price one could rent a rig on leaserig or betarigs and sell the coins for a profit.

Yes, doubled diff it's something

Personally, I'm very curious to see what will happen when block reward will fall.

[birdonwheels5]

Is Comkort down, or is it just me? I keep getting a screen that says it's down when I try to go there.

Anyways, in other news... I finished the website and submitted it to Jacob Hopefully it's all set to go. But if it isn't, I'll fix it up and we'll be set in no time!

[jacob019]

Yeah, Comkort is down.  There's a note on their twitter feed that they're working on it.

In other news the official kimocoin website is now online  
http://www.kimocoin.com/

A big thank you to birdonwheels5, our official web designer and a member of our core development team.    Comments and suggestions are appreciated.  This is our community site, so if anyone wants to make edits or contributions just PM them to me.

[GraberKGD]

Yeah, Comkort is down.  There's a note on their twitter feed that they're working on it.

In other news the official kimocoin website is now online  
http://www.kimocoin.com/

A big thank you to birdonwheels5, our official web designer and a member of our core development team.    Comments and suggestions are appreciated.  This is our community site, so if anyone wants to make edits or contributions just PM them to me.

Comkort is working. 

[jacob019]

Attention kimo.internetarena.it miners (especially GraberKGD and RIPPEDDRAGON), you are having poor luck--119% expected shares per block in the last 24 hours.  P2Pool has an advantage due to block broadcasting between nodes.

I have set up an EU node.  It's hosted on a fast SSD server in the Netherlands, 0% fee.  Please give it a try, I think you will find better payouts and it's better for our coin to avoid large centralized pools.

http://p2pool-eu.kimocoin.com

[GraberKGD]

Attention kimo.internetarena.it miners (especially GraberKGD and RIPPEDDRAGON), you are having poor luck--119% expected shares per block in the last 24 hours.  P2Pool has an advantage due to block broadcasting between nodes.

I have set up an EU node.  It's hosted on a fast SSD server in the Netherlands, 0% fee.  Please give it a try, I think you will find better payouts and it's better for our coin to avoid large centralized pools.

http://p2pool-eu.kimocoin.com

OK. Try.

[cell.md]

Attention kimo.internetarena.it miners (especially GraberKGD and RIPPEDDRAGON), you are having poor luck--119% expected shares per block in the last 24 hours.  P2Pool has an advantage due to block broadcasting between nodes.

I have set up an EU node.  It's hosted on a fast SSD server in the Netherlands, 0% fee.  Please give it a try, I think you will find better payouts and it's better for our coin to avoid large centralized pools.

http://p2pool-eu.kimocoin.com

I'm trying to mine on p2pool-eu, but I have strange behavior:
I have a miner with ~40 khash/s, and then launch it mining on p2pool-eu, my kimocoin wallet show me a lot "mined", but with value like 40 KMC, 45 KMC etc.
Is this ok?

[cell.md]

And one more question: If i mine on another p2pool node(with another miner) with same address/wallet, it may be a problem?

[GraberKGD]

Attention kimo.internetarena.it miners (especially GraberKGD and RIPPEDDRAGON), you are having poor luck--119% expected shares per block in the last 24 hours.  P2Pool has an advantage due to block broadcasting between nodes.

I have set up an EU node.  It's hosted on a fast SSD server in the Netherlands, 0% fee.  Please give it a try, I think you will find better payouts and it's better for our coin to avoid large centralized pools.

http://p2pool-eu.kimocoin.com

Diff shares small. I have too many Reject.  
Need to up diff shares

I live in Russia. In kaliningrad.

[jacob019]

Thanks for trying it guys  

Diff shares small. I have too many Reject.  
Need to up diff shares

I live in Russia. In kaliningrad.

Higher reject is normal with P2Pool, P2Pool has a share chain with 1 second targeting, instead of 60 seconds like kimocoin, so the share raject rate is higher, but it's okay because it's the same for all miners and even reject shares can win a block for the pool.  I would advise you to watch the size of the payouts for your hashrate and compare to the other pool to see how well it works for you.  Your latency between Russia and Netherlands should be very similar to Italy.

I'm trying to mine on p2pool-eu, but I have strange behavior:
I have a miner with ~40 khash/s, and then launch it mining on p2pool-eu, my kimocoin wallet show me a lot "mined", but with value like 40 KMC, 45 KMC etc.
Is this ok?

It's normal.  With P2Pool you are paid directly from the coinbase.  As soon as each block is mined the coins go directly to your wallet and never go to a pool wallet.  Therefore you get many small payments.  When you first start mining the payments are small, because with PPLNS it takes a while to build up to full payout.  Should only take about an hour.

And one more question: If i mine on another p2pool node(with another miner) with same address/wallet, it may be a problem?

Yes, it's okay.  Each node connects to all the other nodes and together they make one big pool.  The payout from each block is distributed to miners across all the nodes, so you can switch whenever you want or mine on many different nodes with the same address.  P2Pool uses the same block chain technology to make a share chain, this approach makes is much safer for the coin and for miners than traditional pools.

[cell.md]

Thanks, jacob019 for answers.
After an hour reward increased to a "normal" value. I'll remain on p2pool-eu
By the way, on Comkort trading is in a good progress