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Author Topic: [ANN]CureCoin - CURECOIN TEAM HAS TAKEN RANK 1 ON FOLDING@HOME!!!  (Read 668213 times)
meelvanchris
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May 13, 2014, 04:57:09 PM
 #621

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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meelvanchris
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May 13, 2014, 04:59:31 PM
 #622

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
 #623

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.
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May 13, 2014, 05:07:13 PM
 #624

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
 #625

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.
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May 13, 2014, 05:10:04 PM
 #626

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
 #627

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
 #628

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
 #629

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
 #630

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
 #631

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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May 13, 2014, 05:17:20 PM
 #632

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)

See below

With a 270x I'm getting very poor performance.  gpu:0:Hawaii [Radeon R9 200 series].  In the work queue the ETA on the gpu is 10 days while my cpu is about 2 and a half hours.  Any suggestions?  Is my card just not powerful enough for this type of work?
turn off one core on your cpu. Your gpu will need it ...Advanced settings. under SLOT click on the cpu and change -1 to a number less than your cpu cores...

Before you try to fix something that's probably not even broken, I refer you to my previous reply:

https://bitcointalk.org/index.php?topic=603757.msg6707438#msg6707438

That said, you do get optimal performance by keeping 1 core/thread free for each GPU, plus one extra thread/core. I have 2 GPUs and get optimal perfomance using only 3 of my 6 CPU cores.
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May 13, 2014, 05:17:33 PM
 #633

Net Hashrate
50.62 TH/s    Shocked
meelvanchris
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May 13, 2014, 05:19:51 PM
 #634

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
Yes you can! (gpu mine on mining pool) But i would really advise against it.
(im just trowing numbers here for an example.  your 5x would get idk.. 1gh/s each(really just spitballing.. idk gh numbers on gpus).. but 5 gh/s against nethash of 50 Th/s. so of the daily 1800 coins with 5gh/s you would get ~ 0.0001% so -> 0.18 curecoins.... so much better for you.. and for science Smiley if you use those gpus for folding.... where 5 r9 280 would give idk 500k ppd? ~ 40 cures a day....  (no promises on payout... 40 was my payout yesterday.... but either way def better then mining on the miningpool)

to send your cards to folding follow the white rabbit  - > https://www.cryptobullionpools.com/about

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May 13, 2014, 05:20:16 PM
 #635

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.

Can we mark your words by observing you leave the folding pool?

Logically, if you are sure the dev will dump and kill this coin, then you should exit your 400,000 ppd out of the pool. The other 80,000,000 ppd will continue on.

Thanks for your contribution.
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May 13, 2014, 05:21:21 PM
 #636

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.

First of all 40% of the dev fund goes to people who invested. I would hate for someone to fork this - the premine was for a great reason and the reasons for no premine have been presented.


Plus no one will buy that many coins and the coins are going to and have already gone to support a variety of things.


And no one is buying for 0.01 on bittrex - it's 1/3 of that.


Stop complaining because you missed out on the early investment opportunity & read meelvanchris's article.

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May 13, 2014, 05:23:30 PM
 #637

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 curecoins, 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.

The point of hashing isn't to provide coins for miners, the point of hashing is to secure the blockchain.  You could drop it down to 5% of the coins and still retain a secure blockchain.  Hell, you might even be able to simply convince some bitcoin pools to merge mine it for 0 coins and have them do it because it helps the coin.

That said, this problem pales in comparison to the premine problem.  If you want to pay people for their service (and you should), the way to do it is split rewards like devcoin, not a gigantic premine.
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May 13, 2014, 05:23:38 PM
 #638

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.

Then you're not mining properly or lying if your getting so few coins.

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May 13, 2014, 05:24:56 PM
 #639

i set my cpu(i5 4670k) on idle, but it is still used at 50%+, why? isn't just one core more than enough?

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May 13, 2014, 05:25:38 PM
 #640

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.

Well if that's what you believe, then don't fold for it if you don't want to, no one is forcing you to. You were pointed to the relevant post explaining who the dev is and what the dev coins are for, etc. and completely dismiss it, yet you're trolling and spreading FUD about the dev's future actions as if it is fact with nothing to back up what you're saying. Do you know the dev? Is he a pathological liar? Repeat offender of criminal theft? What is the basis for your conclusion? Just your perception of human nature?
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