[OLD][CSC]CasinoCoin ♠ A Digital Currency For The Regulated Online Gaming Sector

[markandrew]

well if you start paying casinocoin using x11 or x13 let me know and ill join

[markandrew]

does anyone know how (where) i can trade ultracoins for casinocoins, im mining ultracoins with x11 on one of these profit switching sites as my gpu dosnt seem to like mining with scypt at the moment but wont to invest in these casinocoins, already tried the exchanges that there both on but dosnt seem to work

[rudy4682]

ANyone have a conf file that works for Abe and casinocoin? Damn thing keeps telling me No module named Casinocoin. I've had this working in the past, but I can't even get it working with policy set to litecoin. Any idea what I'm missing?

Code:

datadir += [{
        "dirname": "/root/.casinocoin",
        "chain": "Casinocoin",
        "code":"CSC",
#        "policy": "Litecoin", 
        "address_version":"u00",
        "magic":"ufbuc0ub6udb"
      }]

Code:

datadir += [{
        "dirname":"/root/.casinocoin",
        "chain":"CasinoCoin",
        "code3":"CSC",
        "loader": "rpc,blkfile",
#        "loader": "blkfile",
        "address_version":"\u00c1",  # missing the hex version byte "c1"
        "conf": "casinocoin.conf",
        "magic":"ufauc3ub6uda",      #Magic for the live side from main.ccp  --> search for --> "pchMessageStart[4] = {"
        "policy": "LtcScryptChain"
}]

[GoldSeal]

GoldSeal,
Is cap\minting rate update still planned for early July?

yep. The code changes are already in the dev repo and ready to go. We`ll get new clients posted and send out a mailing to update to v1.3.0.0 first week of July.

[GoldSeal]

when it comes to mining pools i think someone should create a profit switching pool which pays out in casinocoins, i would do it but my skills stop at basic coding languages, ive been watching a couple recently and they have been growing much quicker than your average pools, like this one for example ( http://www.cryptotrain.net ) for ultra coin

Take a look at this package:
https://github.com/zone117x/node-open-mining-portal

seems like the right thing, but im not goin to pretend i have any idea how to set it up, my skills are more graphical layout and design, but this definitely needs doing, i will help in anyway i can even if its just the layout design ready for someone else to implement into a this pool

Contact livechain uk. They may be able to host it for you 100% for $50/month.

[GoldSeal]

ANyone have a conf file that works for Abe and casinocoin? Damn thing keeps telling me No module named Casinocoin. I've had this working in the past, but I can't even get it working with policy set to litecoin. Any idea what I'm missing?

Code:

datadir += [{
        "dirname": "/root/.casinocoin",
        "chain": "Casinocoin",
        "code":"CSC",
#        "policy": "Litecoin", 
        "address_version":"u00",
        "magic":"ufbuc0ub6udb"
      }]

Code:

datadir += [{
        "dirname":"/root/.casinocoin",
        "chain":"CasinoCoin",
        "code3":"CSC",
        "loader": "rpc,blkfile",
#        "loader": "blkfile",
        "address_version":"\u00c1",  # missing the hex version byte "c1"
        "conf": "casinocoin.conf",
        "magic":"ufauc3ub6uda",      #Magic for the live side from main.ccp  --> search for --> "pchMessageStart[4] = {"
        "policy": "LtcScryptChain"
}]

Awsome you rock.

[markandrew]

when it comes to mining pools i think someone should create a profit switching pool which pays out in casinocoins, i would do it but my skills stop at basic coding languages, ive been watching a couple recently and they have been growing much quicker than your average pools, like this one for example ( http://www.cryptotrain.net ) for ultra coin

Take a look at this package:
https://github.com/zone117x/node-open-mining-portal

seems like the right thing, but im not goin to pretend i have any idea how to set it up, my skills are more graphical layout and design, but this definitely needs doing, i will help in anyway i can even if its just the layout design ready for someone else to implement into a this pool

Contact livechain uk. They may be able to host it for you 100% for $50/month.

Ill see what i can do ive contacted them just now explaining what i want exactly, and casinocoin if i did this (very early no promises) could i put it as the official casinocoin multipool and perhaps even make the layout and design match the  casinocoin website

[markandrew]

when it comes to mining pools i think someone should create a profit switching pool which pays out in casinocoins, i would do it but my skills stop at basic coding languages, ive been watching a couple recently and they have been growing much quicker than your average pools, like this one for example ( http://www.cryptotrain.net ) for ultra coin

Take a look at this package:
https://github.com/zone117x/node-open-mining-portal

seems like the right thing, but im not goin to pretend i have any idea how to set it up, my skills are more graphical layout and design, but this definitely needs doing, i will help in anyway i can even if its just the layout design ready for someone else to implement into a this pool

Contact livechain uk. They may be able to host it for you 100% for $50/month.

Ill see what i can do ive contacted them just now explaining what i want exactly, and casinocoin if i did this (very early no promises) could i put it as the official casinocoin multipool and perhaps even make the layout and design match the  casinocoin website

unfortunately they charge alot more than $50 for what i want specifically and may not even be able to do it, but it can be done as ultracoin have managed it, anyone else know how this could be done?

[GoldSeal]

when it comes to mining pools i think someone should create a profit switching pool which pays out in casinocoins, i would do it but my skills stop at basic coding languages, ive been watching a couple recently and they have been growing much quicker than your average pools, like this one for example ( http://www.cryptotrain.net ) for ultra coin

Take a look at this package:
https://github.com/zone117x/node-open-mining-portal

seems like the right thing, but im not goin to pretend i have any idea how to set it up, my skills are more graphical layout and design, but this definitely needs doing, i will help in anyway i can even if its just the layout design ready for someone else to implement into a this pool

Contact livechain uk. They may be able to host it for you 100% for $50/month.

Ill see what i can do ive contacted them just now explaining what i want exactly, and casinocoin if i did this (very early no promises) could i put it as the official casinocoin multipool and perhaps even make the layout and design match the  casinocoin website

unfortunately they charge alot more than $50 for what i want specifically and may not even be able to do it, but it can be done as ultracoin have managed it, anyone else know how this could be done?

How much did they quote to do this?

[markandrew]

they were a little unclear but they suggested a mininmum of $300 a month if they get it working, no way i can afford that atm.

[ajochems]

they were a little unclear but they suggested a mininmum of $300 a month if they get it working, no way i can afford that atm.

I will try and see if i can set it up allong side https://www.megamineros.com/CSC as i already have experience setting up several needed parts like coin deamons, stratum servers and MPOS frontend. The installation seems pretty straight forward. I'll keep you posted ...

[markandrew]

casinocoin dosnt appear on c-cex anymore?

[crackfoo]

they were a little unclear but they suggested a mininmum of $300 a month if they get it working, no way i can afford that atm.

Once I have ww.xpool.ca sorted and bugs worked out, I will be looking at providing alternate payout coins.

[ajochems]

when it comes to mining pools i think someone should create a profit switching pool which pays out in casinocoins, i would do it but my skills stop at basic coding languages, ive been watching a couple recently and they have been growing much quicker than your average pools, like this one for example ( http://www.cryptotrain.net ) for ultra coin

If we had one of these pools that would be a HUGE advantage for CasinoCoin and would help spread the coin around.
Anyone have the ability to do this, haven;t found any open source pools that have this feature yet.

Some questions:
- Which coins and algoritms should be supported at minimum?
- Is Cryptsy the only exchange with a good API where CSC is traded?
- Should the CSC buy transaction take place at highest buy price + .00000001 or the lowest sell price?
- Will the double transaction costs still make the payout in CSC profitable to miners?

[markandrew]

when it comes to mining pools i think someone should create a profit switching pool which pays out in casinocoins, i would do it but my skills stop at basic coding languages, ive been watching a couple recently and they have been growing much quicker than your average pools, like this one for example ( http://www.cryptotrain.net ) for ultra coin

If we had one of these pools that would be a HUGE advantage for CasinoCoin and would help spread the coin around.
Anyone have the ability to do this, haven;t found any open source pools that have this feature yet.

Some questions:
- Which coins and algoritms should be supported at minimum?
- Is Cryptsy the only exchange with a good API where CSC is traded?
- Should the CSC buy transaction take place at highest buy price + .00000001 or the lowest sell price?
- Will the double transaction costs still make the payout in CSC profitable to miners?

im not an expert so you will probably want your answer from someone else but from experience i can tell you that with ultracoin (that have this all set up) are scrypt-jane but the multi pool allows me to mine in x11 and scrypt which has paid me out the same per day as mining scrypt-jane, x11 paying the most so somehow they have it so profit isnt eaten up through transfers.

more people will be inclined to mine x11 as it uses little power and dosnt destroy your graphics card so quickly so good for newbies and people without dedicated rigs. but then scrypt and sha256 has alot of big hashers with mighty powerful  asic miners so the main 3 in my opinion should be x11, sha256 and scrypt, then once thats done probably x13 will become beneficial along with new algorithms that always seem to come out.

[GoldSeal]

when it comes to mining pools i think someone should create a profit switching pool which pays out in casinocoins, i would do it but my skills stop at basic coding languages, ive been watching a couple recently and they have been growing much quicker than your average pools, like this one for example ( http://www.cryptotrain.net ) for ultra coin

If we had one of these pools that would be a HUGE advantage for CasinoCoin and would help spread the coin around.
Anyone have the ability to do this, haven;t found any open source pools that have this feature yet.

Some questions:
- Which coins and algoritms should be supported at minimum?
- Is Cryptsy the only exchange with a good API where CSC is traded?
- Should the CSC buy transaction take place at highest buy price + .00000001 or the lowest sell price?
- Will the double transaction costs still make the payout in CSC profitable to miners?

If you want it to be instant, you'll need to load the book and sell your source coin for the highest bid. Then you load the book for CSC and make a purchase at the ask with the balance of the previous trade. This is pretty simple actually.

[markandrew]

Ok my push for a profit switching pool seems to be going well, next objective is a push for an active facebook and twitter page, as well as perhaps other social pages such as stumbleupon and pinterest, specifically targeting both the gambling community and the mining community simultaneously; anyone agree? the success of dogecoin is all based on its popularity and following not how good it actually is.

[cryptozim]

I've been lurking for a while, and just wanted to put my opinion into the conversation.

First of all, I'm not new to Casino Coin. I mined it in Jan/Feb/March, but eventually gave up, due to the multipool issues that were happening at the time. I've started mining it again recently, since the development efforts have restarted, and currently hold a respectable, but not huge amount (~30k coins). I definitely believe in Casino Coin, and believe it could be a great coin with the right marketing and partnerships.

That being said, I have some concerns about new plans to cut down the supply. As a holder, I obviously like the idea of my coins going up in value, but the new distribution makes me question the motives behind the decision.

There have been 22.5mil coins minted so far, and Vlad and Casinocoin have admitted to owning ~6mil of those coins, or ~25% of the current available supply. With the current coin cap, that would be 1.7% of the total supply. But, by decreasing the total coin supply to 63mil, the two of them would own over 10% of all the coins that will ever be created. That doesn't take into account the cryptsy whale that's been buying up casino coins over the last month, who could own another 1-2mil coins at this point.

Then, the decision to cut block rewards to 10CSC per block makes it more difficult for newcomers to accrue coins. It's not that different from the PoW/PoS coins that have been coming out lately that are heavily bent toward the early adopters.

Just to be clear, I'm not trying to spread FUD or accuse anyone of anything. I have a solid stake in the coin, and want to see it succeed. As a holder I'm torn on this decision, because I would love to see the value of my CSC go up, but the whole crypto-world has made me see scams and greed everywhere I look. I'm not an economist or even an altcoin expert. The decision to cut the coin supply could be the best decision for the coin. I just wanted to share my opinion from what I see as a semi-outsider.

[Vlad2Vlad]

6 million coins?

Haha! I said I had ~300,000 CSC.  

And regardless if you own 1 CSC or 1 million, your % ownership, your benefit goes up exactly the same.

It is identical to a stock BuyBack for a stock.  Every holder wins by the same amount.

Identical.

When has a stock BuyBack ever been a bad idea for any company?


And it's better to have devs with 10% than a coin diluted and inflated into nothingness.  And it's not like the devs here instamined the coins like other quite popular coins.  They earned them so they deserve whatever % they have.

DarkCoin devs had over 50% of the coins out.  Cloak devs had way over 50%.  Other coins like quark or MAX were as high as 80%.

So even if devs here have 10% it really doesn't make much difference compared to many other successful coins.


Edit:  Nautilus Coin which is ran by a rich Wall Street money manager just had their PoW coins cut short from a planned 16 million to just 4 million.  ZERO PoW now.  Result:  Their price just shot up 300% on the news today.

So our 10 coins per block are plenty.

Let's follow the path of other successful coins and the examples set by famous millionaire money managers like Bryan Kelly before 3,000+ alt coins descend on us in the next 12 months and nobody will remember CasinoCoin.

[GoldSeal]

Have to agree with vlad. If we don't deal with the dilution problem, the coin won't be sustainable for the people that own it. If we do nothing, then we'll end up printing an additional 38 million coins in the next 12 months. That's some serious dilution. That will run off anyone who has invested in the coin and with a deteriorating $50 - 80k market cap, no casino is going to adopt it as a payment method. We need to get the market cap up.

With regard to stakes, I have 2,477,000 and I'm planning to hold for the longer term. At last count, I believe Casinocoin said he had about 600k having sold the bulk of his coins off. Mind you, we did not premine anything and we purchased/mined the majority of these coins just like everyone else.

One important thing to note is that we made every effort to discuss the proposed changes with the folks on the board and we're pretty confident that the majority are backing the changes coming in July. Based on these discussions we decided to give everyone a month to prepare and it's actually been interesting to see that more people have been showing interest in the coin in the past 3 weeks as well.