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Author Topic: [ANN]CureCoin - CURECOIN TEAM HAS TAKEN RANK 1 ON FOLDING@HOME!!!  (Read 665912 times)
Vorksholk
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May 18, 2014, 02:25:48 PM
 #1221

How much are all existing coins now?
Bump.

Most exist already, they are held in a premined wallet in cold storage. The address was given out on here earlier. There is an excel sheet you can check out in the OP.

From the spreadsheet:

dev coins : 819,935.951128006
investors coins : 541,390
total premine: 1,361,325.95

in BTC at current ask price:

dev coins: BTC 1,557.9
investors: BTC 1,028.641
total: BTC 2,586.541

these numbers, coupled with situation where you mine for 3 days without being able to see anything happening then you get like 50 coins, is why the price is dropping - the economics simply don't add up for miners - there are lot of other innovation coins coming out that dont have premine like this and are normal coins where you can see what you are mining and move around different coins each day like miners do.





I agree a bit about the premine and ipo. Both are large. The dev fund i wouldn't mind so much about since that is for the good of the coin overall. However when i hear they won't even fund a logo bounty that is kind of worrying. 819,000 coins and want the community to fund the logo?

The ipo again quite high considering the payout. However they did take a risk.

However even combined this is only 5% this coin is a saint compared to some of these coins. I mean the other decent coins with coders that do some work were either instamined to hell or entire minting given to 70people. So although both coins are good the distribution will be way worse than cure coin.

I think the devs need to start putting more effort in with marketing though. This coins should be the biggest thing on the board right now.

I kind of agree diet is probably just as important if not more important that current treatments with regard cancer. However i am hopeful that in the future there will be something highly effective developed. Even now i guess we are helping with research into other illness too. Scientific research i think is better use of hardware than we had before.

This is a great idea but could have been implemented a little better.

I think paying out the ipo and devs over a longer period of time is good.

We really need more folders would be good to see up moving to the top 10 folding teams on that list really soon.

We didn't officially fund the logo because we already have a logo (which we funded the development of), and the development of a new logo was requested by community members. However, I would like to point out that 80% of the logo pot currently pledged was from my personal coins, so we are supporting community wishes.

As for advertising, it's certainly it's certainly important, any specific suggestions?

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
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May 18, 2014, 02:38:51 PM
 #1222


THANKS!

It really means something to me to participate in such a GOOD endeavor.

To the miners:
Tell me if you have any problem with my pool so that I can improve it.
The starting difficulty of the VARDIFF if '1024'.
You you think it is too low for most sha256 mining equipment I can make it higher.

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Morguk
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May 18, 2014, 02:49:45 PM
 #1223

Where can I purchase CureCoin?

TheUniporn
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May 18, 2014, 02:59:16 PM
 #1224

Where can I purchase CureCoin?
https://www.bittrex.com/Market/Index?MarketName=BTC-CURE
matt608
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May 18, 2014, 03:00:02 PM
 #1225


We didn't officially fund the logo because we already have a logo (which we funded the development of), and the development of a new logo was requested by community members. However, I would like to point out that 80% of the logo pot currently pledged was from my personal coins, so we are supporting community wishes.

As for advertising, it's certainly important, any specific suggestions?

Once we have a stylish and informative website, new logo/coin image, then we have something to promote.  Best to wait until that's all done I say before launching an aggressive marketing campaign to ensure maximum ROI.

Marketing ideas that require funds:
 - Press release(s).  There's a few places this could be done, will require some funds.
 - Chinese translation of website (once it's up), will require a small amount of funds unless someone from the community steps up to do it for free.
 - It would be great to have a Curecoin dev or representative to attend crypto conventions and talk about Curecoin.  This would require funds for the entrance tickets + travel
 - Making donations to other folding@home teams.  This could be a great way to promote Curecoin to other folding teams.  If another team receives an offer of a Curecoin donation it would get them talking about Curecoin, they'd find out what it is.  It's a great way to start a discussion about Curecoin among other folding teams without being spammy.  This would obviously require funds.

Free marketing ideas:
 - Charities that fund research for the diseases that folding@home should be contacted and asked to accept Curecoin donations.
 - Contacting tech + science + crypto bloggers.  This could be started now by community members but as I said I think it's best to wait until we have some stylish graphics for the bloggers to use in their posts and a good website for them to link to.  Timing of marketing is critical.


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TheUniporn
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May 18, 2014, 03:03:52 PM
 #1226

Free marketing ideas:
 - Charities that fund research for the diseases that folding@home should be contacted and asked to accept Curecoin donations.

Or maybe those charities could buy Curecoins themselves and thus supporting folding. /dream
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May 18, 2014, 03:52:27 PM
 #1227

How much are all existing coins now?
Bump.

Most exist already, they are held in a premined wallet in cold storage. The address was given out on here earlier. There is an excel sheet you can check out in the OP.

From the spreadsheet:

dev coins : 819,935.951128006
investors coins : 541,390
total premine: 1,361,325.95

in BTC at current ask price:

dev coins: BTC 1,557.9
investors: BTC 1,028.641
total: BTC 2,586.541

these numbers, coupled with situation where you mine for 3 days without being able to see anything happening then you get like 50 coins, is why the price is dropping - the economics simply don't add up for miners - there are lot of other innovation coins coming out that dont have premine like this and are normal coins where you can see what you are mining and move around different coins each day like miners do.





I agree a bit about the premine and ipo. Both are large. The dev fund i wouldn't mind so much about since that is for the good of the coin overall. However when i hear they won't even fund a logo bounty that is kind of worrying. 819,000 coins and want the community to fund the logo?

The ipo again quite high considering the payout. However they did take a risk.

However even combined this is only 5% this coin is a saint compared to some of these coins. I mean the other decent coins with coders that do some work were either instamined to hell or entire minting given to 70people. So although both coins are good the distribution will be way worse than cure coin.

I think the devs need to start putting more effort in with marketing though. This coins should be the biggest thing on the board right now.

I kind of agree diet is probably just as important if not more important that current treatments with regard cancer. However i am hopeful that in the future there will be something highly effective developed. Even now i guess we are helping with research into other illness too. Scientific research i think is better use of hardware than we had before.

This is a great idea but could have been implemented a little better.

I think paying out the ipo and devs over a longer period of time is good.

We really need more folders would be good to see up moving to the top 10 folding teams on that list really soon.

We didn't officially fund the logo because we already have a logo (which we funded the development of), and the development of a new logo was requested by community members. However, I would like to point out that 80% of the logo pot currently pledged was from my personal coins, so we are supporting community wishes.

As for advertising, it's certainly it's certainly important, any specific suggestions?



Guys, can You please give us more details about the IPO distribution  Huh So far it has been mentioned it is not going to be released at once which makes sense and would be the wise thing to do. But no one from the Curecoin team has actually confirmed that. Now how can I or anyone else make a educated investment decision if I dont know if the supply is going to rise 800% over a day or the funds are distributed in small pieces over a year or smth. It's pretty obvious there wont be any significant buy support until things like these are not made clear.


I liked Matt's idea of promoting the coin in the folders community by modifying the teams name.
The coin it self and our folding results should be interesting enough to get some media attention. Have you contacted Coindesk, Local newspaper, Tech and gadget websites ? If Arstechnica, The Verge, Gizmodo etc are consantly writing about Doge why not about this ?
Overall I think a coin like this will market it self once all the uncertainty is removed and trading gets some traction. Could you please just clarify all the constant questions about the IPO and Folding funds distribution in more detail in the OP ?


Also, I have asked this once before but got no answer: How does the network balancing between mining and folding work ?
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May 18, 2014, 04:14:09 PM
 #1228

What are people's opinions on promoting Curecoin to other folding teams?  

There are some huge teams out there with 20,000+ folders and several with 10,000+.  Having folders from other teams flood into Curecoin would have a huge impact on it's price as it would become effectively much more scarce (harder to earn due to folding competition).  The more people who value Curecoin, the more valuable it becomes.  Folders on other folding teams are also by far the 'easiest sell' as they already know what folding is, they know how to to it and clearly believe it's worth doing.  So promoting Curecoin to other folding teams is an obvious move to make, at least from a marketing/investor perspective.

However, from a philanthropic perspective, (the 'other side to this coin' Wink) It's a pointless thing to do because they are already folding for free.  It doesn't encourage any more people to start folding, it just makes the price go up.  

Then again, if more people value Curecoin, the network effect of Curecoin is strengthened, and will encourage more new comers to start folding in the long run.  So if we strengthen Curecoin now by promoting Curecoin to other folding teams, that means the network effect in the future will be much stronger, which is good for Curecoin and good for folding@home.  So I'm in favour of it, but if there are objects to this marketing angle, I'd like to hear them.


I'm folding only one year now but I enjoyed very much the spirit, culture, helping and cheering in my home team. Or the support from other teams. It was always clear to everyone: folding is donation, folding is for free. Folding is for a number of personal reasons something someone decided to spend their resources on.
It was not business, it was not mining; though some members take it very serious with the investments and running costs they have each month. What I want to say: there is a grown, healthy and diverse team structure in the community.

And this is the biggest single issue I have with CureCoin: the need to join a dedicated team. To leave the home team for money. Feels not right.

Temporary leave is always ok, like I tried CureCoin during beta runs with FC and RC, also the first few days with the real coin for a learning experience. Others members cross-joined teams for some short term challenges/competitions. Fine too.

Or a more emotional example of temporary team switching: http://www.overclockers.com/forums/showthread.php?t=744019
Can you imagine member of this team would have joined this ?  With a significant part of their resources ?
 
Don't get me wrong, I'm not against money making, I need to pay for power and milk as anybody else; if someone inject enough real world money/value into crypto currency that's fine for me. Without this external input a coin like this is just a translation of the no-money-value PPD we have in F@H anyway. This is  the part of crypto currencies overall I still don't understand. Someone/late joiner will pay the prize. It has a strong ".com bubble" character to me

I would prefer a team-neutral setup; as it was mentioned in the early days of CureCoin. If one want to join team 224497 because it's the right team: perfect. No problem. But going out and actively try to attract the high performer from other teams effectively run other teams dry and eventually destroy would be very unfriendly and egoistic. As such against the original spirit of F@H as I understood.
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May 18, 2014, 04:22:24 PM
 #1229

Guys, can You please give us more details about the IPO distribution  Huh So far it has been mentioned it is not going to be released at once which makes sense and would be the wise thing to do. But no one from the Curecoin team has actually confirmed that. Now how can I or anyone else make a educated investment decision if I dont know if the supply is going to rise 800% over a day or the funds are distributed in small pieces over a year or smth. It's pretty obvious there wont be any significant buy support until things like these are not made clear.


I liked Matt's idea of promoting the coin in the folders community by modifying the teams name.
The coin it self and our folding results should be interesting enough to get some media attention. Have you contacted Coindesk, Local newspaper, Tech and gadget websites ? If Arstechnica, The Verge, Gizmodo etc are consantly writing about Doge why not about this ?
Overall I think a coin like this will market it self once all the uncertainty is removed and trading gets some traction. Could you please just clarify all the constant questions about the IPO and Folding funds distribution in more detail in the OP ?


Also, I have asked this once before but got no answer: How does the network balancing between mining and folding work ?


I'll only answer what I feel confident in answering - I'm not a dev.

Modifying the team name of F@H - I think that's a bad idea, and frankly insults people's intelligence. And it smacks of desperation. The amount of folding being done by the Curecoin team alone has already shattered several records and the coin is only a week old, so obviously a lot of people understand what folding for the Curecoin team entails. if it ain't broke, don't fix it. And it ain't broke.

More PR - can't agree more. Just know that there's work being done in this regard. There's nothing stopping you, me, or anyone reading this post from contacting every site you just mentioned and letting them know about Curecoin. Get to it. I've done a lil bit of the same and plan on doing a lot more.

Network balancing between mined Curecoin and what's distributed via folding - here's how I *think* it works: there is no network balancing. Folding for curecoins doesn't actually produce them; they have already been pre-mined for the explicit purpose to be distributed to those who fold for the Curecoin team. So the only network for the coin as of *this post* is what people have mined via regular methods (ASIC's). Someone correct me if I'm wrong here, but the coins set aside for folding distribution are in cold storage and only the amount needed each day for distribution are brought out.

Now, when Curecoin hits day 31, all of the Curecoin sitting in peoples wallets will be able to start Proof of Stake minting. When that starts is when the curecoin network will start to become much more secure than it stands right now. It will work the exact same way as Peercoin does.

Hope that helps.
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May 18, 2014, 04:23:17 PM
 #1230

Quote
Also, I have asked this once before but got no answer: How does the network balancing between mining and folding work ?

There's really nothing I'd call active "balancing".  

Miners are mining "fresh"coins at just about the target rate of 10 minutes per block (13 coins per block) and the difficulty retargets seem to be doing the job properly.  Folders are getting paid shares from a fixed 7488 coins per day from the pre-mine stash, that won't change for oh, 4 years, give or take the developers' stated intention to reserve the right to increase payouts on special occasions (said extra coins coming from the developer premine, I would assume, and not from the folding reserved premine).  

That means the 80/20 ratio of coins from folding and mining is pretty much still in effect, 7488 coins from folding, ~1872 from mining daily.  

The exact rate and amounts of the IPO payouts are still a mystery, but I tend to believe the devs when they say they're dribbling those out rather than paying in bulk.  

But the good news is, exchange volume supports those figures...less than half the daily yield of coins is actually being sold on the market right now, and only a fraction of the coins distributed to date are even listed for sale across all the exchanges.  Lots of coins being held in wallets, which indicates to me a fair amount of confidence in the value increasing, or at least the hope that there's more buy support in the future.
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May 18, 2014, 04:24:52 PM
 #1231

What are people's opinions on promoting Curecoin to other folding teams?  

There are some huge teams out there with 20,000+ folders and several with 10,000+.  Having folders from other teams flood into Curecoin would have a huge impact on it's price as it would become effectively much more scarce (harder to earn due to folding competition).  The more people who value Curecoin, the more valuable it becomes.  Folders on other folding teams are also by far the 'easiest sell' as they already know what folding is, they know how to to it and clearly believe it's worth doing.  So promoting Curecoin to other folding teams is an obvious move to make, at least from a marketing/investor perspective.

However, from a philanthropic perspective, (the 'other side to this coin' Wink) It's a pointless thing to do because they are already folding for free.  It doesn't encourage any more people to start folding, it just makes the price go up.  

Then again, if more people value Curecoin, the network effect of Curecoin is strengthened, and will encourage more new comers to start folding in the long run.  So if we strengthen Curecoin now by promoting Curecoin to other folding teams, that means the network effect in the future will be much stronger, which is good for Curecoin and good for folding@home.  So I'm in favour of it, but if there are objects to this marketing angle, I'd like to hear them.



IMO we shouldn't contact any other folding teams as it wouldn't benefit the folding goal at al(Like you said)l, it'd just get more people to join our team because they can make some money.
And by the way, the only people that would really profit from this are the early donators, the others would see their profits slink as the donators would start to cash out and thus causing the price to drop back. Considering there's already quite some critisism against the fact that the early donators got 10k cure for 1 BTC I'd say this isn't the best way to promote the coin.

A better idea imo would be the one that I suggested earlier, to contact schools and univesities to use their idle computers for folding. Now this would increase the amount on folding power significantly, the schools could make some kind of ROI on their hardware and the primary source of education (our schools) would become familiar with crypto's.

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May 18, 2014, 04:36:20 PM
 #1232

What are people's opinions on promoting Curecoin to other folding teams?  

There are some huge teams out there with 20,000+ folders and several with 10,000+.  Having folders from other teams flood into Curecoin would have a huge impact on it's price as it would become effectively much more scarce (harder to earn due to folding competition).  The more people who value Curecoin, the more valuable it becomes.  Folders on other folding teams are also by far the 'easiest sell' as they already know what folding is, they know how to to it and clearly believe it's worth doing.  So promoting Curecoin to other folding teams is an obvious move to make, at least from a marketing/investor perspective.

However, from a philanthropic perspective, (the 'other side to this coin' Wink) It's a pointless thing to do because they are already folding for free.  It doesn't encourage any more people to start folding, it just makes the price go up.  

Then again, if more people value Curecoin, the network effect of Curecoin is strengthened, and will encourage more new comers to start folding in the long run.  So if we strengthen Curecoin now by promoting Curecoin to other folding teams, that means the network effect in the future will be much stronger, which is good for Curecoin and good for folding@home.  So I'm in favour of it, but if there are objects to this marketing angle, I'd like to hear them.


I'm folding only one year now but I enjoyed very much the spirit, culture, helping and cheering in my home team. Or the support from other teams. It was always clear to everyone: folding is donation, folding is for free. Folding is for a number of personal reasons something someone decided to spend their resources on.
It was not business, it was not mining; though some members take it very serious with the investments and running costs they have each month. What I want to say: there is a grown, healthy and diverse team structure in the community.

And this is the biggest single issue I have with CureCoin: the need to join a dedicated team. To leave the home team for money. Feels not right.

Temporary leave is always ok, like I tried CureCoin during beta runs with FC and RC, also the first few days with the real coin for a learning experience. Others members cross-joined teams for some short term challenges/competitions. Fine too.

Or a more emotional example of temporary team switching: http://www.overclockers.com/forums/showthread.php?t=744019
Can you imagine member of this team would have joined this ?  With a significant part of their resources ?
 
Don't get me wrong, I'm not against money making, I need to pay for power and milk as anybody else; if someone inject enough real world money/value into crypto currency that's fine for me. Without this external input a coin like this is just a translation of the no-money-value PPD we have in F@H anyway. This is  the part of crypto currencies overall I still don't understand. Someone/late joiner will pay the prize. It has a strong ".com bubble" character to me

I would prefer a team-neutral setup; as it was mentioned in the early days of CureCoin. If one want to join team 224497 because it's the right team: perfect. No problem. But going out and actively try to attract the high performer from other teams effectively run other teams dry and eventually destroy would be very unfriendly and egoistic. As such against the original spirit of F@H as I understood.


Thanks for the input.  

We're not trying to attract high performers in particular to drain the other teams of their folding power, but rather increase Curecoin user numbers, which helps increase the value of Curecoin.  A powerful folder isn't really of more value to Curecoin holders than a small-time folder.  But that does still mean Curecoin holders benefits from other folders (big or small) leaving their current teams and joining Curecoin.  

On the one hand, having a fund of Curecoins to makes donations to other folding teams (who can then distribute among their team members) is a way to help make the reward of Curecoin more inclusive, or more 'team neutral' as you put it.  It's more fair to offer other teams Curecoins than to keep them all for team Curecoin.  However, these 'donations' would be relatively small (compared the the amount team Curecoin folders receive), and have the much more significant impact of raising awareness about Curecoin among other folding teams, causing a movement off folders towards team Curecoin, which would be the whole motivation to do it in the first place.  Is that so bad, does it actually matter that Curecoin can stir things up a bit?  

Also, donating to other folding teams with the unspoken intent to drum up awareness about Curecoin isn't forcing anyone to change teams.  It's simply letting folders know they can now make money from their good work.  Don't they deserve to know?  Keeping them in the dark about it seems unfair too.  Let them know about it and then they can decide what to do.

A final point, you say it's against the original spirit of folding@home, a fair point, but then it helps Curecoin be successful which is likely to lead to press attention on folding@home and could result in far more folders coming into the 'fold' Wink.  Overall it only helps encourage more folding, it doesn't take any computing power away from folding@home, which being a scientific project is what it's all about, not the 'spirit', though I understand that is has some importance too.

Any more thoughts on this from anyone?


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May 18, 2014, 04:39:36 PM
 #1233


Modifying the team name of F@H - I think that's a bad idea, and frankly insults people's intelligence. And it smacks of desperation. The amount of folding being done by the Curecoin team alone has already shattered several records and the coin is only a week old, so obviously a lot of people understand what folding for the Curecoin team entails. if it ain't broke, don't fix it. And it ain't broke.


Ok, fair enough.  Not being a folder myself (old mac laptop) I'm not clued into how much attention folders pay to the charts.  Maybe it is already getting plenty of attention there.

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May 18, 2014, 04:42:41 PM
 #1234

Trying to recruit folders from others teams is not the way to do things. The success of this project will stand up on its own merits; if people want to join they'll do so of their own volition. And by all accounts that's already happened in a very big way.
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May 18, 2014, 04:44:09 PM
 #1235

Trying to recruit folders from others teams is not the way to do things. The success of this project will stand up on its own merits; if people want to join they'll do so of their own volition. And by all accounts that's already happened in a very big way.

Ok, looks like there's some agreement with you.  So making donations to other folding teams is off the menu?  Anyone feel like arguing for my pro-donation position?   Grin

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May 18, 2014, 04:47:36 PM
 #1236

Trying to recruit folders from others teams is not the way to do things. The success of this project will stand up on its own merits; if people want to join they'll do so of their own volition. And by all accounts that's already happened in a very big way.

This.

"Team Curecoin" is already growing at a very rapid rate, as indicated by the ever-increasing PPD stats.  So there's no need to "reach out" to other teams, there's no need to alienate other teams

No, where Curecoin "wins" as far as supporting F@H is by converting profit-oriented miners and their massive amounts of potential folding power into a force for good, rather than "preaching to the choir" of existing folders who've been doing this for years on end.  

And it's working.  Look at the top of the team list.  Several of those folk that have showed up in the last few days have large CPU and GPU farms and are known "regulars" mining coins like PTS, RIC or XPM, and they've shifted to Curecoin..these are guys with probably over a million dollars worth of combined hardware that are now helping a worthy cause besides their own profit (while still making a profit). 
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May 18, 2014, 04:48:43 PM
 #1237


Modifying the team name of F@H - I think that's a bad idea, and frankly insults people's intelligence. And it smacks of desperation. The amount of folding being done by the Curecoin team alone has already shattered several records and the coin is only a week old, so obviously a lot of people understand what folding for the Curecoin team entails. if it ain't broke, don't fix it. And it ain't broke.


Ok, fair enough.  Not being a folder myself (old mac laptop) I'm not clued into how much attention folders pay to the charts.  Maybe it is already getting plenty of attention there.

it is Smiley Take a look here - http://folding.extremeoverclocking.com/team_list.php - Curecoin team is already #50 in overall top ranked teams (by points total) and climbing fast. if you sort that list by WU's (work units) generated in a 24 hour period, we blow everyone else out of the water by a huge margin. The team is doing well.
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May 18, 2014, 04:50:55 PM
 #1238

One question I always has in mind and never had the time to ask:

What are the plans in case some server outage in Stanford happen? E.g. GPU server fail to send new assignments and a full day only a3 and a4 core will be assigned ? Would the daily rate of 7400 CUR be reduced or would that windfall to CPU folder would be processed
Or also happen that the stats server stops and cumulate feedback the net day. Until now nothing happen, no financial impact. But how would the coin react ?
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May 18, 2014, 04:56:20 PM
 #1239

Trying to recruit folders from others teams is not the way to do things. The success of this project will stand up on its own merits; if people want to join they'll do so of their own volition. And by all accounts that's already happened in a very big way.

Ok, looks like there's some agreement with you.  So making donations to other folding teams is off the menu?  Anyone feel like arguing for my pro-donation position?   Grin

I think it can be very difficult to donate to a team. Like in my case our team is very different what the members are using and where are they living. We can't meet ever in person. The only donation your could do is a upgraded membership free from our forum. Or donate to PG instead.
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May 18, 2014, 05:32:09 PM
 #1240

I am for finding a way to open CureCoin folding rewards to members of ANY team. People need to understand, some of these teams are very old, very passionate, and very dedicated to their teams and about *volunteering* their *donations* to the fold at home project. Please understand that FAH has been going for 14 years. [H]ardOCP has been doing it since 2000. The EVGA team has been doing it for 7 years. We've been doing it for one week.

We're the bull in the china shop right now, and when you talk about recruiting from other teams, you're talking about destroying other teams that have had to work a thousand times harder than us to accomplish what they have accomplished. That's wrong, and believe it or not - it will drive people in the FAH community away, because we've killed it for them.

Now suppose the value of CureCoin does fall. Will you still be folding? Because that's what many of them are talking about when they talk about us. Cheating. Dropping units in the hunt for higher payouts. That we'll just move on to something else three months from now. The best thing about us, to them, is that we're introducing new people to the Folding@Home program that might just stick around after the tide of CureCoin miners leave.

The reactions to us haven't exactly been brilliant. They're floored, for sure, about the hash-power we've managed to drum up. But we're hurting the huge communities that have been built up by dividing them and forcing them to break ranks and join our team if they want to take part in our coin. If everyone joins our team, what's the point of having teams in the first place. Eh?

No. No recruiting from other teams. And until the devs find a way to include members from *any* team, I would encourage people in other teams to KEEP donating what they can afford to their teams, and to utilize the CureCoin program to facilitate their ability to donate more.

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