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Griegura
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July 14, 2014, 03:29:00 PM |
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Great news! and its still really cheap!
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alelosbrigia
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July 14, 2014, 09:02:06 PM |
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6 sat at bittrex not bad  |
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FuelCoinTeam (OP)
Newbie
 Offline
Activity: 59
Merit: 0
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July 14, 2014, 09:23:10 PM |
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That's called part of the pre-mine being held by altcointoday. |
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Goattrading
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July 16, 2014, 05:17:32 PM |
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"FUELCOIN MATRIX MARKETING UNLEASHED!" http://www.altcointoday.com/?p=13661 |
“I never ask a man what his business is, for it never interests me. What I ask him about are his thoughts and dreams.”
― H.P. Lovecraft
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Goattrading
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July 16, 2014, 05:21:47 PM |
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These accounts are all good sources for twitter updates on Fuelcoin @SembroDevelop - sembrodevelopment.com @FuelTeam1 @fuelcoinNEWS @altcointoday - http://www.altcointoday.com@AltcoinEditor |
“I never ask a man what his business is, for it never interests me. What I ask him about are his thoughts and dreams.”
― H.P. Lovecraft
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crackfoo
Legendary
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Activity: 3500
Merit: 1126
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July 21, 2014, 03:38:01 AM |
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Can you update the github with the new code? Thanks! |
ZPOOL - the miners multipool! Support We pay 10 FLUX Parallel Assets (PA) directly to block rewards! Get paid more and faster. No PA fee's or waiting around for them, paid instantly on every block found!
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infernoman
Legendary
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Activity: 964
Merit: 1000
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July 21, 2014, 03:39:21 AM |
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Can you update the github with the new code? Thanks! there is the new github link  |
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crackfoo
Legendary
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Activity: 3500
Merit: 1126
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July 21, 2014, 03:43:28 AM |
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ZPOOL - the miners multipool! Support We pay 10 FLUX Parallel Assets (PA) directly to block rewards! Get paid more and faster. No PA fee's or waiting around for them, paid instantly on every block found!
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infernoman
Legendary
Offline
Activity: 964
Merit: 1000
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July 21, 2014, 04:12:56 AM |
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Block reward goes down to 100 coins block time to 60 seconds and re target time of 3 hours instead of 1000 coins, 30 seconds, 4 hours |
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Mortimer452
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July 21, 2014, 05:06:20 AM |
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Block reward goes down to 100 coins block time to 60 seconds and re target time of 3 hours instead of 1000 coins, 30 seconds, 4 hours Holy crap those are huge changes - you are reducing the number of coins mined per day to 1/20th of what it is now. What is the reasoning for this? I have seen many coins in the past attempt drastic reductions in mining rewards such as this, in the hope it will cause the price to go up. Seems like a logical approach - reduce supply, increase scarcity - but it usually doesn't work. |
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infernoman
Legendary
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Activity: 964
Merit: 1000
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July 21, 2014, 05:21:05 AM |
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well it is not reducing the total supply just affecting how mining it occurs. the dev wants people to be able to mine this coin for a long time. and wants this coin to be long term. i beleive it is also a drastic change. i suggested the block time be switched to 60 seconds to help with larger miners working on stale work. the block reward im not sure how keen i am on it.
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Mortimer452
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July 21, 2014, 05:49:22 AM |
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well it is not reducing the total supply just affecting how mining it occurs. the dev wants people to be able to mine this coin for a long time. and wants this coin to be long term. i beleive it is also a drastic change. i suggested the block time be switched to 60 seconds to help with larger miners working on stale work. the block reward im not sure how keen i am on it.
Well, these changes will definitely make mining last awhile - probably 60 years or more. Kindof ridiculous in my opinion, no one can even begin to predict what the crypto-currency world might be like 3 years from now, let alone over half a century. Just think - 60 years ago from today we didn't even have color TV. The existing block reward of 1,000 coins is a reasonable length of time, with roughly 1,388 days of mining (almost 4 years). Implement some block halving intervals in there and you could easily stretch it out. As I said earlier, I have seen others use this strategy in an attempt to inflate the price. It sounds logical that reducing the mining rewards will eliminate alot of mine-and-dumping, which is often blamed for a drop in price. In reality, what causes the price to drop isn't miners dumping, but a lack of confidence in the coin in general, which equates to a lack of buyers. Miners won't dump if they are confident the price will go up. Such a drastic reduction in mining rewards, and increased block time (and therefore slower transaction confirmation times) will be hurtful to the value of this coin. The network will slow to a crawl when the new block reward is put in place - no one is going to mine this coin for 1/20th of the value they are getting now, unless of course the price goes up by 20x to compensate (unlikely, without other efforts than the new code base). Just my humble opinion. |
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crackfoo
Legendary
Offline
Activity: 3500
Merit: 1126
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July 21, 2014, 11:36:09 AM |
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Block reward goes down to 100 coins block time to 60 seconds and re target time of 3 hours instead of 1000 coins, 30 seconds, 4 hours compiling bombs out for me... obj/txdb.o: In function `void CLevelDBBatch::Write<std::pair<char, uint256>, CCoins>(std::pair<char, uint256> const&, CCoins const&)': /home/crackers/src/FuelCoinCode/src/leveldb.h:42: undefined reference to `leveldb::WriteBatch::Put(leveldb::Slice const&, leveldb::Slice const&)' obj/txdb.o: In function `void CLevelDBBatch::Write<std::pair<char, int>, CBlockFileInfo>(std::pair<char, int> const&, CBlockFileInfo const&)': /home/crackers/src/FuelCoinCode/src/leveldb.h:42: undefined reference to `leveldb::WriteBatch::Put(leveldb::Slice const&, leveldb::Slice const&)' obj/txdb.o: In function `CLevelDBBatch': /home/crackers/src/FuelCoinCode/src/leveldb.h:23: undefined reference to `leveldb::WriteBatch::WriteBatch()' obj/txdb.o: In function `~CLevelDBBatch': /home/crackers/src/FuelCoinCode/src/leveldb.h:23: undefined reference to `leveldb::WriteBatch::~WriteBatch()' collect2: error: ld returned 1 exit status make: *** [FuelCoind] Error 1 |
ZPOOL - the miners multipool! Support We pay 10 FLUX Parallel Assets (PA) directly to block rewards! Get paid more and faster. No PA fee's or waiting around for them, paid instantly on every block found!
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ice00
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July 21, 2014, 05:15:25 PM |
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same error in Ubuntu: obj/txdb.o: In function `bool CLevelDB::Read<std::pair<char, std::basic_string<char, std::char_traits<char>, std::allocator<char> > >, char>(std::pair<char, std::basic_string<char, std::char_traits<char>, std::allocator<char> > > const&, char&)':
/opt/multi-pool/src/FuelCoinCode/src/leveldb.h:94: undefined reference to `leveldb::Status::ToString() const'
obj/txdb.o: In function `bool CLevelDB::Read<std::pair<char, uint256>, CCoins>(std::pair<char, uint256> const&, CCoins&)':
/opt/multi-pool/src/FuelCoinCode/src/leveldb.h:94: undefined reference to `leveldb::Status::ToString() const'
obj/txdb.o: In function `bool CLevelDB::Read<char, CBigNum>(char const&, CBigNum&)':
/opt/multi-pool/src/FuelCoinCode/src/leveldb.h:94: undefined reference to `leveldb::Status::ToString() const'
collect2: ld returned 1 exit status
make: *** [FuelCoind] Error 1
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NXT: 1408301140704352478
EMC: Ec2TpuRxcYr4WHMp12vZYck5ch3ymzskbZ
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thenukemforall
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July 22, 2014, 10:06:48 AM |
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well it is not reducing the total supply just affecting how mining it occurs. the dev wants people to be able to mine this coin for a long time. and wants this coin to be long term. i beleive it is also a drastic change. i suggested the block time be switched to 60 seconds to help with larger miners working on stale work. the block reward im not sure how keen i am on it.
Well, these changes will definitely make mining last awhile - probably 60 years or more. Kindof ridiculous in my opinion, no one can even begin to predict what the crypto-currency world might be like 3 years from now, let alone over half a century. Just think - 60 years ago from today we didn't even have color TV. The existing block reward of 1,000 coins is a reasonable length of time, with roughly 1,388 days of mining (almost 4 years). Implement some block halving intervals in there and you could easily stretch it out. As I said earlier, I have seen others use this strategy in an attempt to inflate the price. It sounds logical that reducing the mining rewards will eliminate alot of mine-and-dumping, which is often blamed for a drop in price. In reality, what causes the price to drop isn't miners dumping, but a lack of confidence in the coin in general, which equates to a lack of buyers. Miners won't dump if they are confident the price will go up. Such a drastic reduction in mining rewards, and increased block time (and therefore slower transaction confirmation times) will be hurtful to the value of this coin. The network will slow to a crawl when the new block reward is put in place - no one is going to mine this coin for 1/20th of the value they are getting now, unless of course the price goes up by 20x to compensate (unlikely, without other efforts than the new code base). Just my humble opinion. It's pretty obvious that one or more miners are dumping their coins every hour, every day. These miners don't care about what is coming for the coin to sell at such low prices. Reducing block reward will stop that. |
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FuelCoinTeam (OP)
Newbie
Offline
Activity: 59
Merit: 0
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July 22, 2014, 12:18:27 PM |
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Can you update the github with the new code? Thanks! The great thing about virtual currencies is we can always change the code back if it is not working. View it as a test run. Our large shareholders have been claiming that miners are dumping nonstop to keep the price down and lock in quick profits so we are going to test what happens after the fork. |
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FuelCoinTeam (OP)
Newbie
Offline
Activity: 59
Merit: 0
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July 22, 2014, 12:23:43 PM |
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The plans we have for this coin just would not work with miners depreciating the price. You can check out more about what makes us completely unique from any coin on the market here: http://www.altcointoday.com/?p=13661 Please PM if you would like to become a part or feel free to share with your friends. |
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