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Author Topic: [ANN]CureCoin - CURECOIN TEAM HAS TAKEN RANK 1 ON FOLDING@HOME!!!  (Read 668216 times)
meelvanchris
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May 14, 2014, 06:39:07 PM
 #801

i'v been folding years ago, even after i heard of bitcoin. told to my friend years ago that bitcoin looks to me like a stilly waste of electricity and F@H (and alike) is much more important.
of course i feel stupid about that now because i could maybe fix my (and everyone i know) financial problems Tongue

too bad can't fold with ATI on Linux and i don't have money for windows now
Your funny... money for windows.... Smiley or am i not allowed to post that...? Smiley

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deathchuck2
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May 14, 2014, 06:42:28 PM
 #802

i'v been folding years ago, even after i heard of bitcoin. told to my friend years ago that bitcoin looks to me like a stilly waste of electricity and F@H (and alike) is much more important.
of course i feel stupid about that now because i could maybe fix my (and everyone i know) financial problems Tongue

too bad can't fold with ATI on Linux and i don't have money for windows now


I'm an Microsoft's engineer, and if you really excited with this project, i will give you 1 genuine windows7 license key for free
bardacuda
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May 14, 2014, 06:46:05 PM
 #803

Your funny... money for windows.... Smiley or am i not allowed to post that...? Smiley

LOL! Also...you're* Cheesy trolololol!
kryptologist
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May 14, 2014, 06:59:38 PM
 #804

5% PREMINE

Great idea but a currency for the people and 5% premined. So you want a small group owning a large amount of a currency? What a scam. This is not a currency, it is a stock investment. Stay away from any large premine scammers!
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May 14, 2014, 07:19:36 PM
 #805

5% PREMINE

Great idea but a currency for the people and 5% premined. So you want a small group owning a large amount of a currency? What a scam. This is not a currency, it is a stock investment. Stay away from any large premine scammers!

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.

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.

Compared with the rarity of this coin (65 coins/10min such as Bitcoin) and the good idea behind this coin, it's pretty sure that the value for 1 CURE will be at least between 0.01 - 0.005 maybe even 0.1 BTC if it's successful. With knowing this I don't like it that 3 persons own 800k of this coin, that's simply to much. Although they have good aims. After 1 year there will be only ~3.6million CURE mined, so the devs still own more than 20% of the coin after 1 year.

And you can't tell me, that if this coin will be successful they won't dump them. Greed is a part of human nature and if they can become millionaires with this coin, I don't think they will relinquish it and rather continue to work on this coin.

He didn't even invest 1200$ of his own money, but the earned money from the IPO to get this coin started.

PS: I don't wanna say that the devs don't have good intenions with this coin, but greed is always greater than good intentions.

That's why I call for the devcoin approach.  I don't mind if he gets 3% of the coins.  Hell, I'd rather he have 10% of the coins, but only have them paid out as they're mined.  

+1
This would be a much better idea.

We understand the concerns. I suppose at this point, unless someone proposes some kind of alternate solution, it'll have to be based on trust. We did actually put in some of our own money, I threw about $2500 at it early on in the project. I'd be interested in some sort of 'lockaway' of the funds to ensure they're only paid out at the expected rate to devs, but I don't see a cryptographically-provable way to do that. If anyone has any proposals, I'm all ears Smiley

And also...

before i put more rigs on this, let's make sure it is not another scam waiting to happen.
1. what are the public addresses for the premine? the 3% premine wallet for the devs, the 2% premine i guess was given out to the LUCKY few investors, and the other 90% + premine wallet for paying folders out?

The next time I open the cold storage for the premine, Ill grab the address and post it, Ill be sure to do that asap. Soon the premine will be dispersed accordingly to different addresses. I imagine the donors wont want their address to be public, Ill ask them for their permission on that one. As far as Dev addresses, I have no problem posting those. Note: The plans for dev payment is to disperse the dev funds on a monthly basis proportional to the rate the folding funds and sha coin base is mined. The devs will not be receiving their entire % all at once. It will be slowly dispersed to the devs.  

Every single time a TX is sent from the premine wallet, Ill be using the comment feature to specify exactly what the funds are going to. I have curecoin.info reserved to serve as a ledger site for every tx we make with the premine.

Quote
Let's see some accountability from the dev team. Who exactly are you ? i mean if this turns out huge, and you have millions or billions of dollars of crypto held in your wallets, who are you?

This is me https://plus.google.com/u/0/+joshsmithCygnusXI/posts - This info is not hidden. If you google search curecoin you should see this profile come up. I have posted my profile already on this forum so if you were following the project you already know who I am. Im not covering myself in a Satoshi like secrecy. I am indeed a real person, I have a couple different office areas I can borrow for purposes of IRL meetings.

I have gone through the steps of making this a legit legally registered by the US gov business. The coins are property of Curecoin LLC, Therefor, if I were to steal anything from the premine it would be the equivalent of stealing from any other entity and you can all make sure I'm charged and sentenced.  We are working on creating a non profit foundation as well that will have a set of written bylaws that will enforce this even further.  

I have spent $700 trademarking CureCoin, you can verify this on the official USPTO website.
http://tmsearch.uspto.gov/

Word Mark   CURECOIN
Goods and Services   IC 042. US 100 101. G & S: Medical research
Standard Characters Claimed   
Mark Drawing Code   (4) STANDARD CHARACTER MARK
Serial Number   86147389
Filing Date   December 18, 2013
Current Basis   1B
Original Filing Basis   1B
Published for Opposition    May 6, 2014
Owner   (APPLICANT) Smith, Joshua INDIVIDUAL UNITED STATES 4070 Wilder Rd BAY CITY MICHIGAN 48706
Type of Mark   SERVICE MARK
Register   PRINCIPAL
Live/Dead Indicator   LIVE

Note: The address is a commercial store front in which Im able to borrow office space from. I do not own the business there, Im just allowed to use it for meetings and work space.

I spent another $500 having Curecoin LLC professionally established.
http://www.dleg.state.mi.us/bcs_corp/dt_llc.asp?id_nbr=E3263P&name_entity=CURECOIN%20LLC

ID Num: E3263P

Name:CURECOIN LLC

Type: Domestic Limited Liability Company
Resident Agent:  UNITED STATES CORPORATION AGENTS, INC.
Registered Office Address: 336 W FIRST ST STE 113    FLINT   MI  48502
Mailing/Office Address:          
Formation/Qualification Date:12-2-2013
Jurisdiction of Origin:MICHIGAN
Managed by: Members
Status: ACTIVE    Date: Present  

You can verify this here http://www.dleg.state.mi.us/bcs_corp/sr_corp.asp


Quote
why won't someone else come along and do exactly the same thing without 3% premine and 2% given to a few people that donated before you closed the donation period?

The 2% for donors was a necessary part of launching curecoin. Without their investment Curecoin would not exist today, sure, you can call them lucky, but they took a risk on my project and that's how the investment world works. As far as the 3% for the devs, Curecoin has been (1 and a half years in the making) and will be my full time job. We will be providing pretty much 24/7 support and maintaining and upgrading the folding pool.
If you can find someone that will do that for free, then by all means do it.

If I have missed anything here please let me know. I have been answering questions all night long on the forum, through emails, and so on. I had to make myself some coffee which I rarely do. I'm so proud of this project that I think Ive been up for 24 hours now working away at it. Team Curecoin is currently already the fastest folding team on earth. Is that not amazing?
See here http://folding.extremeoverclocking.com/team_list.php?s=&srt=5

http://folding.extremeoverclocking.com/team_summary.php?s=&t=224497
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May 14, 2014, 07:40:23 PM
 #806

Ok, I have been messing around all day and ptuiptuiptui I think I got rid of that 99.99% problem on most of my rigs. Might have been a overclock stability issue afterall  Tongue After something goes wrong I had to do a clean install both on the drivers and the F@H client to get things working properly again - no coming back otherwise.
Still having problems with rigs that have 3 cards in them and two 4 card rigs - they only work at 50% expected PPD. GPU utilization is 95% and CPU load 30% - exactly the same as on rigs that give me full expected PPD so I dont have clue where the problem might lie there. As the hardware,bioses, software is all 100% identical I will try format C tomorrow as a last resort and see if that helps.
meelvanchris
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May 14, 2014, 07:52:43 PM
 #807

Ok, I have been messing around all day and ptuiptuiptui I think I got rid of that 99.99% problem on most of my rigs. Might have been a overclock stability issue afterall  Tongue After something goes wrong I had to do a clean install both on the drivers and the F@H client to get things working properly again - no coming back otherwise.
Still having problems with rigs that have 3 cards in them and two 4 card rigs - they only work at 50% expected PPD. GPU utilization is 95% and CPU load 30% - exactly the same as on rigs that give me full expected PPD so I dont have clue where the problem might lie there. As the hardware,bioses, software is all 100% identical I will try format C tomorrow as a last resort and see if that helps.
For starters glad you figured it out and found a workable solution.... #2) lol @ most of your rigs.... and then u still have 3 rigs / 11 cards left with problems... nice farm you got there bud.. And here i was thinking i was ganster with my 4 cards Wink
As for the problem with the remaining rigs. # Have you waited long enough? After my initial problems took my gpus about an 2 hours to get back to their initial ppd... if the load is full and stable.... the ppd should probably catch up soon... # Are you using the same username /pw on all rigs? (im asking because if you had to uninstall and reinstall client. You will have lost workunits.... And thus maybe not getting the quick return bonus on those cards? (just thinking out loud here =))
Personally i think its the patience thing. We miners are not used to having to wait so long to see something happen... If post your log here or at foldingforum / here we might give it a quick glance.. foldingforum they can help you with all the ins and outs of the log file...

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bardacuda
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May 14, 2014, 07:55:19 PM
 #808

Ok, I have been messing around all day and ptuiptuiptui I think I got rid of that 99.99% problem on most of my rigs. Might have been a overclock stability issue afterall  Tongue After something goes wrong I had to do a clean install both on the drivers and the F@H client to get things working properly again - no coming back otherwise.
Still having problems with rigs that have 3 cards in them and two 4 card rigs - they only work at 50% expected PPD. GPU utilization is 95% and CPU load 30% - exactly the same as on rigs that give me full expected PPD so I dont have clue where the problem might lie there. As the hardware,bioses, software is all 100% identical I will try format C tomorrow as a last resort and see if that helps.

What's your upload speed? When you finish a WU it has to upload a file that's several MB...if you have a poor connection or you have torrents going or something that could be causing an issue.

For PPD, the calculation is based off of the ETA...so if the ETA calculation is off (which happens occasionally), then your PPD will be off too. Also it depends on when the WU was started, so if you've had it paused or had a lot of idle time since you started, then all that time is added in to the ETA calculation, and your PPD calculation by extension. Once you complete that WU and start a new one, or sometimes if you just wait a while, the ETA/PPD numbers will get more in line with reality. If the GPU load is right, then there's probably nothing actually wrong.
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May 14, 2014, 07:58:54 PM
 #809

CureCoin added to whatmine.com


fud_etra
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May 14, 2014, 08:02:52 PM
 #810

Left my rigs folding for more than 1 day, still got nothing. Perhaps I should wait for another day to see what happens.

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May 14, 2014, 08:06:50 PM
 #811

Left my rigs folding for more than 1 day, still got nothing. Perhaps I should wait for another day to see what happens.

Your first work units have only just completed within the last 3 hours (after today's update). So, yes, you will be credited with coins tomorrow (18:00 UTC)

Check your stats here:

http://folding.extremeoverclocking.com/user_summary.php?s=&u=657061
meelvanchris
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May 14, 2014, 08:11:02 PM
 #812

Left my rigs folding for more than 1 day, still got nothing. Perhaps I should wait for another day to see what happens.

Your first work units have only just completed. So, yes, you will be credited with coins tomorrow (18:00 UTC)

Check your stats here:

http://folding.extremeoverclocking.com/user_summary.php?s=&u=657061
Im pretty sure you have that message in text document and are just copy pasting it by now Smiley
@fud(https://bitcointalk.org/index.php?topic=603757.msg6723135#msg6723135)

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matt608
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May 14, 2014, 08:16:28 PM
 #813

Trading volume is hotting up on bittrex! I expect other exchanges will add Curecoin pretty soon.

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bardacuda
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May 14, 2014, 08:20:47 PM
 #814

Left my rigs folding for more than 1 day, still got nothing. Perhaps I should wait for another day to see what happens.

Your first work units have only just completed. So, yes, you will be credited with coins tomorrow (18:00 UTC)

Check your stats here:

http://folding.extremeoverclocking.com/user_summary.php?s=&u=657061
Im pretty sure you have that message in text document and are just copy pasting it by now Smiley
@fud(https://bitcointalk.org/index.php?topic=603757.msg6723135#msg6723135)

Hahaha no, but I probably should by now. I have been typing out individual responses the old fashioned way lol Smiley

Trading volume is hotting up on bittrex! I expect other exchanges will add Curecoin pretty soon.

There's a lot more volume moving around on C-Cex too...over 1000 cure coins traded so far.
Pelk
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May 14, 2014, 08:30:40 PM
 #815

hi wonderful good project but i have some technical question.

Do you oc your cards or is this not necessary?

And when does someone have some good core/mem rates for a 280x ( Asus 280x DC2 TOP)

Folding and mining my dream come true Smiley

kqpahv
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May 14, 2014, 08:39:01 PM
 #816


For starters glad you figured it out and found a workable solution.... #2) lol @ most of your rigs.... and then u still have 3 rigs / 11 cards left with problems... nice farm you got there bud.. And here i was thinking i was ganster with my 4 cards Wink
As for the problem with the remaining rigs. # Have you waited long enough? After my initial problems took my gpus about an 2 hours to get back to their initial ppd... if the load is full and stable.... the ppd should probably catch up soon... # Are you using the same username /pw on all rigs? (im asking because if you had to uninstall and reinstall client. You will have lost workunits.... And thus maybe not getting the quick return bonus on those cards? (just thinking out loud here =))
Personally i think its the patience thing. We miners are not used to having to wait so long to see something happen... If post your log here or at foldingforum / here we might give it a quick glance.. foldingforum they can help you with all the ins and outs of the log file...

Yeah, I got a bit carried away last November Grin

# Other rigs pick up speed with in 30-60min but those have been like that for 5 hours at least now so I am suspecting it has to be something else there.
# Yeah using the same Username and PW on all the rigs at the moment.
# Thanks, I will have look in the F@H forum tomorrow  Wink Wink



What's your upload speed? When you finish a WU it has to upload a file that's several MB...if you have a poor connection or you have torrents going or something that could be causing an issue.

For PPD, the calculation is based off of the ETA...so if the ETA calculation is off (which happens occasionally), then your PPD will be off too. Also it depends on when the WU was started, so if you've had it paused or had a lot of idle time since you started, then all that time is added in to the ETA calculation, and your PPD calculation by extension. Once you complete that WU and start a new one, or sometimes if you just wait a while, the ETA/PPD numbers will get more in line with reality. If the GPU load is right, then there's probably nothing actually wrong.


#Upload speed is 1MB and I have two connections. The slow rigs have never uploaded a WU yet as the ETA is about 10h. They started out like that since the initial install.
# Ok, The ETA calculation sounds interesting and that might actually be the problem for some rigs. I will give them time to finish their first WU's and see from there.


Thank you guys for the feedback  Wink
cameronpalte
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May 14, 2014, 08:39:37 PM
 #817

hi wonderful good project but i have some technical question.

Do you oc your cards or is this not necessary?

And when does someone have some good core/mem rates for a 280x ( Asus 280x DC2 TOP)

Folding and mining my dream come true Smiley

1) OC your card is never necessary, but it does help.

2) From what I understand oc your memory isn't necessary and doesn't help much but you should be able to head over the the official folding forum to get some - i personally don't have any.


Welcome Smiley

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cameronpalte
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May 14, 2014, 08:41:53 PM
 #818

]5% PREMINE

Great idea but a currency for the people and 5% premined. So you want a small group owning a large amount of a currency? What a scam. This is not a currency, it is a stock investment. Stay away from any large premine scammers!

Stop spamming it in giant red letters like it makes people care any more about what you have to say.


The premine has already been explained its not like your pointing out something new no one figured out and we are ok with it because we know how it went. That doesn't make this not a currency or a scammer, and its not a small group because a lot of it went to a decent sized group of investors.


Please think before you speak.

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meelvanchris
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May 14, 2014, 08:42:25 PM
 #819

hi wonderful good project but i have some technical question.

Do you oc your cards or is this not necessary?

And when does someone have some good core/mem rates for a 280x ( Asus 280x DC2 TOP)

Folding and mining my dream come true Smiley
Recommended against actually....could in fact get minor raise in ppd... but can also pose problems.. reading up here ull prob agree that its not worth the effort =)
Keep cards stock, f@h client will use max potential when it can.

from problem 2 cause -> due to ocing apparently
https://bitcointalk.org/index.php?topic=603757.msg6720360#msg6720360
https://bitcointalk.org/index.php?topic=603757.msg6730494#msg6730494

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trade.io.
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kqpahv
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May 14, 2014, 09:04:27 PM
 #820

hi wonderful good project but i have some technical question.

Do you oc your cards or is this not necessary?

And when does someone have some good core/mem rates for a 280x ( Asus 280x DC2 TOP)

Folding and mining my dream come true Smiley
Recommended against actually....could in fact get minor raise in ppd... but can also pose problems.. reading up here ull prob agree that its not worth the effort =)
Keep cards stock, f@h client will use max potential when it can.

from problem 2 cause -> due to ocing apparently
https://bitcointalk.org/index.php?topic=603757.msg6720360#msg6720360
https://bitcointalk.org/index.php?topic=603757.msg6730494#msg6730494


Yeah, it's actually wierd. F@H was the first thing that gave me problems at those clocks (1080Mhz) Everything else has always been rock solid.

Early update on my PPD problem: One of the slow machines just finished 3 WU's and though the estimate always showed 11k points for each WU the log now shows 23K points for each of them. So I guess on some machines the estimate points/PPD calculator is just way off for some reason. PPD values are still showing low even with the new WU's but I guess I should not worry about it then  Smiley
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