BlueCoin (ß) |DPoS MESH | Bluetooth Payments

[strawie]

1. Copy & Paste any Coin
2. Premine
3. Profit

This shit seems still to work, I think I might also do a coin and get rich.

[thichtieuthuong]

I will mining it

[cloudminers]

Bluecoin Miningpool

http://blu.cloudminers.net

[trogdorjw73]

~ 100 Days Pow Distribution then pure POS after:

- Block Time: 1.5 Minutes
 - Difficulty Retarget: every block
 - Confirmations on Transactions: 7
 - Confirmations on Mined Blocks: 350
 - Fees: Minimum transaction fee of ß0.00005
 - Stake Interest: 3% annually
-  Minimum Stake Age: 2 days
 - Secure and Open Source

Distribution:

 - Scrypt
 - Total Coins: ß1,000,000,000
 - Block Reward: ß10000
 - Total Blocks: 100,000
 - POS After Block: 100,000
 - Premine 3% for growth bounties, network maintenance, and coin expansion.
 - Port TBD

Do we have a failure at math yet again, or just poorly communicated information? 100K blocks at 1.5 minutes each should take 104 days, so that's okay, but 10K block rewards with 100K blocks works out to... 1,000,000,000. So in 104 days BLU is totally dead. Or are you saying there is technically NO UPPER LIMIT on the number of BLU coins, and that PoS will generate 3% annually? If that's the case, it should be properly proclaimed in the list of specs, e.g. "3% annual inflation". (In case anyone is wondering, based on the source code it appears to be the latter.)

[BlueCoiner]

~ 100 Days Pow Distribution then pure POS after:

- Block Time: 1.5 Minutes
 - Difficulty Retarget: every block
 - Confirmations on Transactions: 7
 - Confirmations on Mined Blocks: 350
 - Fees: Minimum transaction fee of ß0.00005
 - Stake Interest: 3% annually
-  Minimum Stake Age: 2 days
 - Secure and Open Source

Distribution:

 - Scrypt
 - Total Coins: ß1,000,000,000
 - Block Reward: ß10000
 - Total Blocks: 100,000
 - POS After Block: 100,000
 - Premine 3% for growth bounties, network maintenance, and coin expansion.
 - Port TBD

Do we have a failure at math yet again, or just poorly communicated information? 100K blocks at 1.5 minutes each should take 104 days, so that's okay, but 10K block rewards with 100K blocks works out to... 1,000,000,000. So in 104 days BLU is totally dead. Or are you saying there is technically NO UPPER LIMIT on the number of BLU coins, and that PoS will generate 3% annually? If that's the case, it should be properly proclaimed in the list of specs, e.g. "3% annual inflation". (In case anyone is wondering, based on the source code it appears to be the latter.)

1 Billion PoW coins total.

3% annual PoS inflation.

Changed in the main thread.

[TheFridge]

~ 100 Days Pow Distribution then pure POS after:

- Block Time: 1.5 Minutes
 - Difficulty Retarget: every block
 - Confirmations on Transactions: 7
 - Confirmations on Mined Blocks: 350
 - Fees: Minimum transaction fee of ß0.00005
 - Stake Interest: 3% annually
-  Minimum Stake Age: 2 days
 - Secure and Open Source

Distribution:

 - Scrypt
 - Total Coins: ß1,000,000,000
 - Block Reward: ß10000
 - Total Blocks: 100,000
 - POS After Block: 100,000
 - Premine 3% for growth bounties, network maintenance, and coin expansion.
 - Port TBD

Do we have a failure at math yet again, or just poorly communicated information? 100K blocks at 1.5 minutes each should take 104 days, so that's okay, but 10K block rewards with 100K blocks works out to... 1,000,000,000. So in 104 days BLU is totally dead. Or are you saying there is technically NO UPPER LIMIT on the number of BLU coins, and that PoS will generate 3% annually? If that's the case, it should be properly proclaimed in the list of specs, e.g. "3% annual inflation". (In case anyone is wondering, based on the source code it appears to be the latter.)

1 Billion PoW coins total.

3% annual PoS inflation.

Changed in the main thread.

So Bluecoiner, where are these Bounty's that you premined 3 percent for? Even after you dumped most of them a couple of days ago causing the price to tumble, at today's shitty rate there still should be 10 BTC or so left. It only costs you half a BTC for coingen to make the coin.
So what sort of network maintenance and dev support does this coin clone need? 10BTC worth?

[qumatru]

i'm also feeling enraged by the fact that i bought in at 500sats and now i'm 20-30 times the price which seems a pretty big hole to recover from to be honest!

[One Six]

i'm also feeling enraged by the fact that i bought in at 500sats and now i'm 20-30 times the price which seems a pretty big hole to recover from to be honest!

I bought at 660 and sold at 250. Much loss for me as well.  Very bad judgement. The coin is dead already.

[jdebunt]

We did a small article on BlueCoin (it was requested through Twitter) :

http://www.cryptoarticles.com/crypto-news/2014/4/28/bluecoin-100-days-of-pow-for-fair-distribution#

[ihatemyjob]

is this coin becoming worthless?

I brought a bunch and now I kind of regret it.

Dev can you do something about this? like invent something new?

[akk123]

is this coin becoming worthless?

I brought a bunch and now I kind of regret it.

Dev can you do something about this? like invent something new?

Yeah i agree too, do something. this is the worst flop coin in crypto history.

https://www.cryptocoincharts.info/v2/

https://www.cryptocoincharts.info/v2/pair/blu/btc/poloniex/10-days

[BlueCoiner]

~ 100 Days Pow Distribution then pure POS after:

- Block Time: 1.5 Minutes
 - Difficulty Retarget: every block
 - Confirmations on Transactions: 7
 - Confirmations on Mined Blocks: 350
 - Fees: Minimum transaction fee of ß0.00005
 - Stake Interest: 3% annually
-  Minimum Stake Age: 2 days
 - Secure and Open Source

Distribution:

 - Scrypt
 - Total Coins: ß1,000,000,000
 - Block Reward: ß10000
 - Total Blocks: 100,000
 - POS After Block: 100,000
 - Premine 3% for growth bounties, network maintenance, and coin expansion.
 - Port TBD

Do we have a failure at math yet again, or just poorly communicated information? 100K blocks at 1.5 minutes each should take 104 days, so that's okay, but 10K block rewards with 100K blocks works out to... 1,000,000,000. So in 104 days BLU is totally dead. Or are you saying there is technically NO UPPER LIMIT on the number of BLU coins, and that PoS will generate 3% annually? If that's the case, it should be properly proclaimed in the list of specs, e.g. "3% annual inflation". (In case anyone is wondering, based on the source code it appears to be the latter.)

1 Billion PoW coins total.

3% annual PoS inflation.

Changed in the main thread.

So Bluecoiner, where are these Bounty's that you premined 3 percent for? Even after you dumped most of them a couple of days ago causing the price to tumble, at today's shitty rate there still should be 10 BTC or so left. It only costs you half a BTC for coingen to make the coin.
So what sort of network maintenance and dev support does this coin clone need? 10BTC worth?

Either you have not been paying attention, or your intent is to spread FUD!

We have given out over 11 million BLU's to developers who have participated in building the ecosystem. How do you think we have so many exchanges, pools, and services already taking BLU? We launched less than a week ago and already have 5 exchanges, over a dozen pools, and 3 gaming sites.

There is still 14 million BLU's in the public premine address which we're giving away gradually as more businesses and services start accepting BLU.

One more thing: This is not a coingen coin... We're sick of hearing this. Coingen doesn't even support PoS iterations.... We have an active full stack linux developer on board who is watching this thread and will jump in whenever he's needed....

[BlueCoiner]

Great site with an ongoing BLU giveaway! Check them out guys:

http://bluedice.io

[Mishiwaka]

WTF Confirmations is stuck... My solo blocks and pool blocks are still not confirmed and stays at 50 confirmations left 

[BlueCoiner]

We need more miners!

Difficulty is ultra low right now!

[frankkkkkkk]

black、white、yellow,and now here is blue...my god

[BlueDice]

BlueDice.io | Free Unlimited BLU | 1% Edge | Instant Cashout

http://img4.hostingpics.net/pics/196374ipbitcointalk2.jpg

Check us out: www.BlueDice.io Enjoy!

[qumatru]

We need more miners!

Difficulty is ultra low right now!

we as miners need a price so we can mine... this right now is bullshit. who dumped and killed the price? you?
who dun' it?

[BlueCoiner]

We need more miners!

Difficulty is ultra low right now!

we as miners need a price so we can mine... this right now is bullshit. who dumped and killed the price? you?
who dun' it?

We were going through a price discovery phase. The price was driven down through a cumulative effort, and not singular.

I believe we've hit the bottom, and with more and more services coming out every day accepting BLU, the time will come when these prices and sellers looking to get out will look insane.   Till then I'll sit on my BLU's and wait for the 3% stake phase.

[matoy]

RUNNING POOL:


-> Come on to http://blue.coins4everyone.com!

Our pool is UP and RUNNING

To get plenty of Blue Coins, just point your miners to:
Stratum: stratum+tcp://stratum.coins4everyone.com
Port: 4326
Algorithm: scrypt
Username: Weblogin.Worker
Password: Worker Password
and then relax... We take care of the rest!

Benefits of Mining @ coins4everyone.com:
* based in Europe
* incredible uptime
* fast dedicated servers w/redundancy, triple layer DDoS protection
* only 1% fee
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Come on, we need more hash power, point your miners to our pool and let.s spread hashrate! ;-)