[ANN] Mjollnircoin - MNR - Ultra-secure, Fast Transactions & ASIC resistant

[nanoprobe]

HVC is good enough,we do not need a copy

As the price of HVC continues to go south. I bailed @ .000055. Just sayin.

[1714784948]

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[cayars]

Lets see if we can break into the top 200 today.

#207 with 233 votes

[braxx]

Lets see if we can break into the top 200 today.

#207 with 233 votes

#203 with 241

only 10 votes needed for top 200

[zedicus]

Just voted -->>> Vote # 251!!!
NEXT!!! 

Go vote for MNR!! 
https://www.mintpal.com/voting


 

[cayars]

Made it into the top 200.

[cayars]

Doesn't time just fly?  It's been a week since (re)launch!
Pools, hash rates and miners

pool 24h Ghash/s delta % % of network workers delta % rate/miner fee % payout      1gh 12.83 -36.79 99.3 0 128.27 1 RBPPS      noncepool 0.01 -88.92 0.1 1 -74.4 0.02 0 PPLNS      suprnova 0.13 1 0 0.61 0 PROP

All pools currently listed.
Block progression and luck

pool	7d Ghash/s	% of network	7d blocks	% of network	7d luck %	3d luck %	24h luck %
1gh	17,816.17	96.6	4,554	92.3	95.6	102.3	100.8
noncepool	303.72	1.6	91	0.0	3.7	96.0	0.0
suprnova	101.89	0.6	1	0.0	3.7	0.0	0.0
residual			288	5.8

Higher hash rates (vertical axis) typically result in more blocks found (more dots along horizontal axis).
Density of dots is indicative of luck - closer together is greater luck, further apart is lower luck.
Luck is a ratio between % of blocks found and % of network hashrate claimed and should ideally hover around 100%.
Mining and pool takes (indicative, not authoritative)
The previous day, 715 blocks with an average reward of 50 MNR were found on the network for a total of 35,800.08 MNR distributed.
At an average network hash rate of 12,915Ghash/s, a miner having 1Ghash/s would have earned approximately 2,768.05 MNR (minus pool fees),
that could be traded for BTC0.0581290954 ($26.1)

pool 24h blocks fee % MNR take BTC $USD      1gh 716 1 358.00 0.0 3.40      noncepool 0 0 0.00 0.0 0.00      suprnova 0 0 0.00 0.0 0.00

Market cap: 421,850MNR | BTC8.86 | $3,978

1gh Top hash distribution profile

1gh top (Mhash/s) Top 10 Top 100 Total 5,498.92 8,948.46 Mean 549.89 89.48 Median 386.23 55.34 % of pool 42.9 69.8 % of network 42.6 69.3

Nice job with the charts and info.

[cayars]

Wow, serious drop in hash rate!

[jioy]

ASIC resistant,I like，maybe I am looking

[kingimg]

plz make a list request at  http://poloniex.freshdesk.com/support/home
and https://bittrex.zendesk.com/hc/en-us/requests/new

[zedicus]

Made it into the top 200.

nice..

[cayars]

Currently in spot #186 with 291 votes on MintPal.com
We need 28 votes right now to break into the top 175 (small goals easier to attain).

Cryptoaltex.com is holding right around 0.5 btc trade volume per day.
IMHO those of you selling at cryptoaltex.com are selling far to cheap.
The cheapest sell order right now is 0.00002700

I think you guys will be kicking yourselves in the but in a few months time for selling so cheap.
Right now (all things being equal) we should have a value of 0.00009066

Here's a simple way to show that.  Taking the only other coin that uses Heft1 algorithm which is HVC.
HVC currently has a reward per block of 616 coins and it has buy orders at Mintpal.com at 0.00000592 and at poloniex.com for 0.00000723

Each block of HVC is worth 0.00445368 btc.  Divide that by 50 MNR (per block) 0.00008907.
MNR is under-valued by almost a factor of 3+.

Another way to look at it is for the same algorithm (roughly minus voting) you can get reward of 616 vs 50 per block or 12.3 more coins on HVC vs MNR.  Hence MNR should be roughly worth 12.3 times more valuable then HVC all else being equal.

HVC does have a variable reward block that changes and is also on multiple exchanges which of course helps with value but I still think it pretty clear that MNR is far under-valued at present and people are selling to cheaply. There is only one buy order sitting on CryptoALTex at the moment with a ridiculous buy price of 500.  This clearly shows that 0.5 btc of MNR is being picked off at the lowest selling price what-ever that may be at the time.  If the selling price was higher it would still be getting picked off.

For those that haven't noticed, the MNR global hash rate has substantially dropped.  Probably due to a few reasons which are:
1) selling price of MNR is to cheap. Some people getting scrared off thinking the coin isn't worth it.
2) people mining other coins, selling to btc, transfering btc to Cryptoaltex and buying MNR.  Probably at least 0.5 btc of this happening a day.

What needs to happen.
a) people stop selling so cheaply. Drive the price of MNR up and not down.  Everyone will benefit from this long term.
b) more people needed to buy up the cheap supply of MNR currently on CryptoALTex which will raise the value of MNR
c) once the value of MNR is where it should be people will come back to mine it vs other coins because it will be worth doing
d) those that help buy up the cheap MNR on CryptoALTex right now will profit two fold as they get to buy cheap while helping to raise the value of MNR which helps the portfolio they are holding of MNR

What are your thoughts?

EDIT: #185 on MintPal.com with 297 Votes  https://www.mintpal.com/voting

[SimkoMiner]

I have no more BTC to buy MNR currently as I have invested almost all in BC and price is dropping so I have to wait for BC to rise at least to 30K if ever . BUT, I mine MNR with all my gear now, DIFF is ridiculously low, so more coins which hopefully one day will have some value. Maybe we shouldn't try to push the coin too hard because it has completely opposite effect sometimes. Just let it be for a while, mine on low diff, keep voting on Mintpal and asking other exchanges to get us listed and in the meantime we can prepare infrastructure around the coin like block explorer, difficulty/hashrate chart, nicer website and some marketing plan. Currently this coin has no toys, it seems very boring. Question is who should develop those toys, brokkir doesn't seem to be very communicative. :-) He maybe expects that community will do the rest, which is an option.

@Brokkir: what are your plans btw. Why have you launched this coin? What is your expectation? What are your dreams? It seems we didn't have time to discuss this since launch.

[kingimg]

if this coin wont listed at bittrex or poloniex,
It is dying!

[SimkoMiner]

if this coin wont listed at bittrex or poloniex,
It is dying!

Remember, it's only dead when nobody will be mining it. :-) Example: BlackBlackCoin. I give you another example, check OpenSourceCoin hashrate/price chart how long it was dying, really long. If you don't understand that big spike last days, go on Twitter and ask Bryce Weiner what he did to that coin so that it rose from ashes.

[TheRealSteve]

Pools, hash rates and miners

pool 24h Ghash/s delta % % of network workers delta % rate/miner fee % payout      1gh 6.03 -52.98 93.4 0 20.1 1 RBPPS      noncepool 0.02 59.5 0.3 1 44.08 0.02 0 PPLNS      suprnova 0.13 -5.65 2 1 495.24 0.1 0 PROP

All pools currently listed.
Block progression and luck

pool	7d Ghash/s	% of network	7d blocks	% of network	7d luck %	3d luck %	24h luck %
1gh	16,627.54	96.1	4,898	96.1	100.0	102.3	105.8
noncepool	269.23	1.6	68	0.1	48.0	76.0	103.8
suprnova	49.46	0.3	7	0.1	48.0	49.3	49.0
residual			124	2.4

Higher hash rates (vertical axis) typically result in more blocks found (more dots along horizontal axis).
Density of dots is indicative of luck - closer together is greater luck, further apart is lower luck.
Luck is a ratio between % of blocks found and % of network hashrate claimed and should ideally hover around 100%.
Mining and pool takes (indicative, not authoritative)
The previous day, 731 blocks with an average reward of 50 MNR were found on the network for a total of 36,600.09 MNR distributed.
At an average network hash rate of 6,454Ghash/s, a miner having 1Ghash/s would have earned approximately 5,663.02 MNR (minus pool fees),
that could be traded for BTC0.1132604623 ($49.99)

pool 24h blocks fee % MNR take BTC $USD      1gh 723 1 361.50 0.0 3.20      noncepool 2 0 0.00 0.0 0.00      suprnova 7 0 0.00 0.0 0.00

Market cap: 458,450MNR | BTC9.17 | $4,047

1gh Top hash distribution profile

1gh top (Mhash/s) Top 10 Top 100 Total 3,305.32 4,964.11 Mean 330.53 49.64 Median 265.15 39.10 % of pool 54.8 82.3 % of network 51.2 76.9

Like these Stats Posts? Donate MjollnirCoin: METCGJeKpyjr73KHDwo9k2jWe3J5s97rt7

[chango]

....

There is only one buy order sitting on CryptoALTex at the moment with a ridiculous buy price of 500.  This clearly shows that 0.5 btc of MNR is being picked off at the lowest selling price what-ever that may be at the time.

...

That's my buy order and don't complain people is selling . so shhhh 

Cheers!

[mjollnircoin]

I have no more BTC to buy MNR currently as I have invested almost all in BC and price is dropping so I have to wait for BC to rise at least to 30K if ever . BUT, I mine MNR with all my gear now, DIFF is ridiculously low, so more coins which hopefully one day will have some value. Maybe we shouldn't try to push the coin too hard because it has completely opposite effect sometimes. Just let it be for a while, mine on low diff, keep voting on Mintpal and asking other exchanges to get us listed and in the meantime we can prepare infrastructure around the coin like block explorer, difficulty/hashrate chart, nicer website and some marketing plan. Currently this coin has no toys, it seems very boring. Question is who should develop those toys, brokkir doesn't seem to be very communicative. :-) He maybe expects that community will do the rest, which is an option.

@Brokkir: what are your plans btw. Why have you launched this coin? What is your expectation? What are your dreams? It seems we didn't have time to discuss this since launch.

What kind of toys would you like to see ? Certainly I would give it some thought!

It is true I am not typing many posts a day; More of a reader. And, you guys are doing a great job on responding to all kinds of feedback here!  But, do not hesitate to contact me directly or via IRC

To me, sharing the coin was simply the next logical step; I love to write software! There have been a couple of experimental mjollnircoins, scrypt and scrypt-n based but for them there was no incentive to release them; Different package, some old and its not even really good.

I really liked the redundant hasing algorithm in Heavycoin but that same appreciation was reversed on the matter of block voting,
so if I'd fix that, there would be a new coin, which I could put in a basic wallet , thus less complex and more secure! One that is different enough to share
(and I dare say, with great potential too!)

The plan now, is to release the block chain explorer and hit a few more exchanges; At least, that is the current status. There is no strategic plan yet to take over the world.
(Something that is better left to the community to define, IMHO; my priorities are motivated from an engineering background).

What I hoped to see from the community is Action and Input, so far this is already beyond expectations; The incredible hashrate during Mjollnir's First Week, climbing the ladders at CryptoAlTex and MintPal -
Simply amazing!

[auy]

Hello，Developers
I think you should update the dynamic information in OP
For example: Facebook or Twitter
There is also a good choice in the discussion above /www.reddit.com/ with more people, since you launched this coin, so I think we should work together to face the future.!!!



In addition ，Why not design the LOGO coin more beautiful? Who can help?

[cayars]

What I hoped to see from the community is Action and Input, so far this is already beyond expectations; The incredible hashrate during Mjollnir's First Week, climbing the ladders at CryptoAlTex and MintPal -
Simply amazing!

Speaking of which:
#172 at MintPal.com with 335 votes
about 12 votes for top 170

[zedicus]

Yeah Buddy!
Vote #338 NEXT!! 


Vote For MNR!!!
https://www.mintpal.com/voting