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Author Topic: [ANN] CureCoin 2.0 is live - Mandatory Update is available now - DEC 2018  (Read 696061 times)
meelvanchris
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May 13, 2014, 04:35:15 PM
 #601

what is the supply cap?
https://docs.google.com/spreadsheet/ccc?key=0AvPoRrj3QF5sdGlxUzdKVVgyaWZvZGlaT195OEFKZmc&usp=sharing

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May 13, 2014, 04:39:08 PM
 #602

How are the payouts per MH/s for the folding pool?

That's not how this coin works.

if you are receive something, it should work based on your hashpower, you can't escape from that
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May 13, 2014, 04:43:51 PM
 #603

the amount of coins paid out needs to be upped. I mean for 5 rigs each approx 300ppd you are getting perhaps 15 coins a day? how can 1 btc donation get you 700 days mining ? crazy.
I suggest amount of cure coins x 10 now and up the coins per day paid out.
Your numbers are way off. I got ~24.7 CURE for one day with 120k PPD. You should be able to get over 250 CURE with 1.5M PPD. With that rate it would take ~40 days to get 10k CURE.
Not sure where you get the 15/day number from, or 700 days.
@ crypto :Most likely 15 cure is payout for part days work.. Like maybe couple hours of folding when ppd /curecoin got its daily update.
@baracuda : year back at ipo, investors that gave 1btc, will get or got total of 10k. So by cryptos calculations 15 coins a day would equal 10.000 /15 = 666.67 days ~ 700days

Ok but still that's just wrong. 1.5M PPD does not equal 15 coins/day. Based on the first day's payout it equals ~250 coins/day, and by that calculation, it would take ~40 days. So I understand the 700 days is wrong because he used the wrong number of 15 coins/day. So where does he get 15 coins/day? He's off by a factor of ~17

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meelvanchris
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May 13, 2014, 04:46:24 PM
 #604

How are the payouts per MH/s for the folding pool?

That's not how this coin works.

if you are receive something, it should work based on your hashpower, you can't escape from that
True & agreed. Power given = coins returned.
However since coin is now live for about 3 days. And from 1st wu to 1st payout is somewhere between 48-72 hours. And starting numbers / payouts are irradic since not sure what coins are from what 'mh' from what day... Also, my 7950 gives about 550kh/s my 6970 gives 470kh/s. However in terms of folding my 7950 yields 80k ppd and my 6970 about 18k.
So can't really compare apples and oranges =) As for my count : I last payout was ~40 coins for 250kppd (previously know as 2mh/s) (but pretty sure tomorrows payout will be way less)

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Philll90
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May 13, 2014, 04:46:28 PM
 #605

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!
meelvanchris
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May 13, 2014, 04:53:07 PM
 #606

Why are 800k coins for devs?
Isn't that a bit much?!
how much is to much is for everyone to decide. However they do seem have 3 man strong /full time tech support. And fulltime jobs equal time & money... Also, dev's get pay over time, not all at once...more explanation found from dev here :  https://bitcointalk.org/index.php?topic=603757.msg6688632#msg6688632  (everyone with doubts should at least skim trough it ^.^)

the amount of coins paid out needs to be upped. I mean for 5 rigs each approx 300ppd you are getting perhaps 15 coins a day? how can 1 btc donation get you 700 days mining ? crazy.
I suggest amount of cure coins x 10 now and up the coins per day paid out.
Your numbers are way off. I got ~24.7 CURE for one day with 120k PPD. You should be able to get over 250 CURE with 1.5M PPD. With that rate it would take ~40 days to get 10k CURE.
Not sure where you get the 15/day number from, or 700 days.
@ crypto :Most likely 15 cure is payout for part days work.. Like maybe couple hours of folding when ppd /curecoin got its daily update.
@baracuda : year back at ipo, investors that gave 1btc, will get or got total of 10k. So by cryptos calculations 15 coins a day would equal 10.000 /15 = 666.67 days ~ 700days
Ok but still that's just wrong. 1.5M PPD does not equal 15 coins/day. Based on the first day's payout it equals ~250 coins/day, and by that calculation, it would take ~40 days. So I understand the 700 days is wrong because he used the wrong number of 15 coins/day. So where does he get 15 coins/day? He's off by a factor of ~17
Agreed, but like i said, 15 coins he spoke of were probably just a part of days work... Seeing that it takes so long from work to paymen t (and us miners are used to instant payouts... logical to assume that he tought it was all he got for a full day)

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May 13, 2014, 04:53:35 PM
 #607

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!

Yes.

At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them.  I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it.  And also, there is no good reason not to merge mine this.
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May 13, 2014, 04:55:57 PM
 #608

ASIC resistance is a feature.  How much that matters now is debatable, probably not much at all. But the proof-of-work for Curecoin is (mostly) folding and folding has no ASICS being developed for it yet as it's one of a kind, making Curecoin ASIC resistant (apart from the 20% that goes to the SHA256 miners).

And as bardacuda pointed out, if ASICS were developed for folding, that would be great for the advancement of science anyway.

If you'd like to calmly explain how this is not true please explain, otherwise I ask you to refrain from insulting me.

Because folding is the realm of REAL SCIENCE, not herp derp I can mint internet moneys by calculating 1000000000000 sha hashes per second. The projects on FAH are coded specifically for different research projects running code specifically written by the person doing the project. There are tons of projects running on FAH so there could never been a FPGA, much less an ASIC made that could do fuckall to help. These projects also end and are replaced by a long list of newer projects, researching newer proteins, smashing them using newer methods, calculated by using brand new code written by a different researcher.

This is bioinformatics. If there was something as simple as needing such a generic algorithm to cure cancer, it would have been done already. Get out in the world and learn some real shit and this would have simply been obvious. 80% is folding, plain and simple. Not asic resistant algorithm. It's FOLDING. This is why I said it's redundant.

Since you probably still don't understand. Folding is not asic resistant, it's asic proof. As is your car. As is your toaster. Maybe even your mom. Go ask your mom if she's asic proof.

OK so it's ASIC proof, isn't that even better?  The point is that when GPU miners for scrypt coins are out-competed by ASICs, those miners can always do folding for Curecoin, which keeps Curecoin distribution more fair than coins that have more centralized mining, where to have a chance of profit there is a high barrier to entry.  Anyone can always fold for Curecoin with their GPU, not everyone can mine for bitcoin or other altcoins.  Hence, ASIC proof-ness is a feature of Curecoin.  

The folding isn't securing the network like normal mining so a more decentralized folding network is less of a feature than a more decentralized mining network, but it still has benefits of wider coin distribution and ensures a low barrier to entry to take part, allowing everyone to capitalise on their hardware (and contribute to something good).

Definition of feature from Google: "a distinctive attribute or aspect of something."

Curecoin is 80% ASIC proof and this is a feature.  

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May 13, 2014, 04:56:23 PM
 #609

i choosed as anonymous on the first run, how can i change that now?
meelvanchris
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May 13, 2014, 04:57:09 PM
 #610

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!
Yes.
At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them.  I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it.  And also, there is no good reason not to merge mine this.
read, read, read Smiley how bout if i say....please read? Smiley  it explains a lot....
https://bitcointalk.org/index.php?topic=603757.msg6688632#msg6688632

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May 13, 2014, 04:59:31 PM
 #611

i choosed as anonymous on the first run, how can i change that now?
Im not sure why you would? no chance to get paid then i would imagine... Dit you follow the guide? good illustration and how to's on cryptobullionpools..
https://www.cryptobullionpools.com/about

in F@H -> configure -> identity -> click on link to request passkey ->register -> check email /spam for key -> enter information
           -> register @cryptbullionpools with exact same username so your daily ppd can be gotten from standofds folding information and be linked to your points/payouts

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bardacuda
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May 13, 2014, 05:03:09 PM
 #612

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!

Yes.

At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them.  I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it.  And also, there is no good reason not to merge mine this.

The thing is, nobody had any idea what each curecoin would be worth until people started trading them. Their value is only just beginning to be determined, and we only have a few low volume trades to go by at this point, which may end up being meaningless in the long term. It could turn out that 800k cure do end up being worth millions or billions, and if so, I'm sure the devs have a plan for what they will do with all the extra at some point. No one has said that they are going to necessarily dump them for cash and keep it all for themselves.

The future will rely on AI. SingularityNET lets anyone create, monetize, and use AI at scale. From the creators of Sophia the Robot.
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May 13, 2014, 05:07:13 PM
 #613

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!

Yes.

At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them.  I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it.  And also, there is no good reason not to merge mine this.

The thing is, nobody had any idea what each curecoin would be worth until people started trading them. Their value is only just beginning to be determined and we only have a few low volume trades to go by at this point which may end up being meaningless in the long term. It could turn out that 800k cure do end up being worth millions or billions, and if so, I'm sure the devs have a plan for what they will do with all the extra at some point. No one has said that they are going to necessarily dump them for cash and keep it all for themselves.

They can and will.  Mark my words, the dev will dump and kill this coin.  I have 4x R9 290s, 1 280x, and 2x 270s churning on this full time and I got 5 coins in 36 hours.  This is why premine doesn't work -- it fundamentally fucks the value of the coin so that it's not longer tied to the amount of energy required to create it.
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May 13, 2014, 05:09:56 PM
 #614

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!

Yes.

At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them.  I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it.  And also, there is no good reason not to merge mine this.

The thing is, nobody had any idea what each curecoin would be worth until people started trading them. Their value is only just beginning to be determined and we only have a few low volume trades to go by at this point which may end up being meaningless in the long term. It could turn out that 800k cure do end up being worth millions or billions, and if so, I'm sure the devs have a plan for what they will do with all the extra at some point. No one has said that they are going to necessarily dump them for cash and keep it all for themselves.

They can and will.  Mark my words, the dev will dump and kill this coin.  I have 4x R9 290s, 1 280x, and 2x 270s churning on this full time and I got 5 coins in 36 hours.  This is why premine doesn't work -- it fundamentally fucks the value of the coin so that it's not longer tied to the amount of energy required to create it.

See below

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!
Yes.
At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them.  I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it.  And also, there is no good reason not to merge mine this.
read, read, read Smiley how bout if i say....please read? Smiley  it explains a lot....
https://bitcointalk.org/index.php?topic=603757.msg6688632#msg6688632

^ If you read this you would see that they won't, as it would mean theft and jail for them, so I will mark your words....with an 'X'...as in I'm crossing them out.

The future will rely on AI. SingularityNET lets anyone create, monetize, and use AI at scale. From the creators of Sophia the Robot.
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May 13, 2014, 05:10:04 PM
 #615

i choosed as anonymous on the first run, how can i change that now?
Im not sure why you would? no chance to get paid then i would imagine... Dit you follow the guide? good illustration and how to's on cryptobullionpools..
https://www.cryptobullionpools.com/about

in F@H -> configure -> identity -> click on link to request passkey ->register -> check email /spam for key -> enter information
           -> register @cryptbullionpools with exact same username so your daily ppd can be gotten from standofds folding information and be linked to your points/payouts

ok all good now, it say 1679 points per day with 280x, seems low, or maybe i'm missing something?(the bar is on full)
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May 13, 2014, 05:11:08 PM
 #616

Glad to see the coin launched! Sad I missed the launch day but it is what it is.

My question is that I keep getting a message on all of my CGMiner that says something like "Share rejected due to target". I didn't write it down fast enough and now I have an error message that says "Worker temporarily banned". MY HW shows 0 so I don't think my intensity is too high. I use a bunch of AMD r9 280x's

Any help would be greatly appreciated! I'd love to get this project rolling.

You can't mine with GPU.  You have to do folding@home - but its not like normal coin where you can see what you are earning, you have to wait apparently - so far I am waiting 3 days on 8 rigs and all i get is this:



i don't know if the setup is wrong, am i wasting my time, i am listed on the F@H list but from what i can see nothing is going into coins - and people saying 'just wait its for a good cause' then why isn't there at least a message on the pool telling me this?  why show KH = 0 if it doesn't work like that lol?

also not getting any support - i did got one reply saying 'i saw this is fixed now' and nothing since??

to the people insulting everyone who is asking these questions and calling them stupid - try to understand coins are built around incentives - folding is not the incentive to miners, coins are the incentive to miners.  its like that whole incentive structure has been taken out of here and you are disconnected, after 3 days with nothing back right now this feels more like a folding project with a coin strapped on that doesn't work properly, everyone is so excited about the folding team performance what about the coins i am supposed to be spending my $ on lol?HuhHuhHuh

before you accuse me of trolling, this is actually good advice - sort your coins / support side out please, this is what the coin's success relies on.




I joined up on https://cure.united-miners.com/ and in about 3 hours my earnings (5 280x's) show 0.00583118. This having been said, I'm not in it for making a ton of money. I used to do a lot of folding @ home long before cryptocurrency. I am debating on starting up folding at home again since there is some extra money to be made doing it now.

As for the people saying you can't gpu mine Curecoin, please advise me on this. It would seem it is working fine thus far on my 2 rigs. I understand asic makes it way less profitable in comparison, but I'm not after making a ton of money. Just above breaking even is fine. Even tho I plan on sitting on the coins for quite a while regardless. Thanks

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dime
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May 13, 2014, 05:12:21 PM
 #617

OK so it's ASIC proof, isn't that even better?  The point is that when GPU miners for scrypt coins are out-competed by ASICs, those miners can always do folding for Curecoin, which keeps Curecoin distribution more fair than coins that have more centralized mining, where to have a chance of profit there is a high barrier to entry.  Anyone can always fold for Curecoin with their GPU, not everyone can mine for bitcoin or other altcoins.  Hence, ASIC proof-ness is a feature of Curecoin.  

The folding isn't securing the network like normal mining so a more decentralized folding network is less of a feature than a more decentralized mining network, but it still has benefits of wider coin distribution and ensures a low barrier to entry to take part, allowing everyone to capitalise on their hardware (and contribute to something good).

Definition of feature from Google: "a distinctive attribute or aspect of something."

Curecoin is 80% ASIC proof and this is a feature.  

Amazing. Thanks for the definition. Here are some other features of CureCoin we should also advertise:
1. CureCoin generates 100% w3c validated html code on it's web daemon. Nevermind that it doesn't have a web daemon nor does it generate any html code.
2. CureCoin cannot be used to pirate mp3's illegally.
3. CureCoin is AI resistant! We can't be sure it's not AI proof until AI is finally created but since AI doesn't exist yet, we can say it's AI resistant.
4. (This one will surely attract the younger crowd to invest!!!) CureCoin is systematically coded so that it can never turn into a monster and hide in your closet.

GG
meelvanchris
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May 13, 2014, 05:12:25 PM
 #618

They can and will.  Mark my words, the dev will dump and kill this coin.  I have 4x R9 290s, 1 280x, and 2x 270s churning on this full time and I got 5 coins in 36 hours.  This is why premine doesn't work -- it fundamentally fucks the value of the coin so that it's not longer tied to the amount of energy required to create it.
Pretty sure thats just a small part of a days work... Check again on you payout today. Should be significantly better. As for your faith in the dev's and shareholders.. That's something for everyone to decide for themselfs.

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spiffcow
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May 13, 2014, 05:14:59 PM
 #619

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!

Yes.

At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them.  I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it.  And also, there is no good reason not to merge mine this.

The thing is, nobody had any idea what each curecoin would be worth until people started trading them. Their value is only just beginning to be determined and we only have a few low volume trades to go by at this point which may end up being meaningless in the long term. It could turn out that 800k cure do end up being worth millions or billions, and if so, I'm sure the devs have a plan for what they will do with all the extra at some point. No one has said that they are going to necessarily dump them for cash and keep it all for themselves.

They can and will.  Mark my words, the dev will dump and kill this coin.  I have 4x R9 290s, 1 280x, and 2x 270s churning on this full time and I got 5 coins in 36 hours.  This is why premine doesn't work -- it fundamentally fucks the value of the coin so that it's not longer tied to the amount of energy required to create it.

See below

Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!
Yes.
At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them.  I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it.  And also, there is no good reason not to merge mine this.
read, read, read Smiley how bout if i say....please read? Smiley  it explains a lot....
https://bitcointalk.org/index.php?topic=603757.msg6688632#msg6688632

^ If you read this you would see that they won't, as it would mean theft and jail for them, so I will mark your words....with an 'X'...as in I'm crossing them out.

What kind of bullshit red herring is this?  Who said anything about "stealing"?  He paid himself a huge portion of the coins.  When the time is right he will dump it and crash the coin, and walk off with the cash.  No "stealing" is necessary.
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May 13, 2014, 05:15:31 PM
Last edit: May 13, 2014, 05:26:40 PM by Thom
 #620

there is no good reason not to merge mine this.

there are two, and here they are: https://blockchain.info/pools
if CURE mergemined with BTC, cexio and that unknown chunk of private hashing would control most of the curecoin generation, pumpanddump them into the ground for BTC like all the other mergemineables, and generally reduce Curecoin's value.

Making a conscious choice to point one's SHA at Curecoin to benefit and encourage folders instead of just amassing mBTC is what gives CURE part of its value. If all the SHA was already guaranteed to be done as part of a mergemine, miners would consider X Curecoins per Ghs and the prices of it on exchanges would reflect that, not the folding.

Also ASIC devices are superceding themselves so damn fast now and becoming pointless for mining BTC so rapidly that Curecoin may as well use that hashing for the blockchain, since scrypthashing it would be a waste of fold-worthy rigs.

It's short for Thomassina ⚥ • BTC veteran, Bitcointalk neophyte • BTC1THoM4cn8hHTyE637DEPMCLcerZe1mL1X • Cex.IO Cloud Mining - don't risk preorders, mine & trade now!
༺ ☤ Curecoin - Fold Proteins, Earn Coins! ☤   CURE: B8cjEuGKH3qofsxGGEVYdTwUrpfCTxQP7u ༻
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