[ANN][MIN] Minerals - POS | Developing own anon solution |

[Starscream]

If there is no competition among pools DDoS just makes no sense. Why would anyone DDoS our pools if one cannot profit from it?

The pool owners might piss in your sandbox just because you wouldn't let them play?  Watch out for it.

That's a good enough reason for them to DDoS, you can count on it.

[HardwarePal]

If OCminer doesnt get the source and host a stratum server on suprnova.cc Im not touching this shit.

If 1 person controls the ip-hashrates how do we know he isnt mining the shit out of it himself ?

[tz]

You think these pools have DDOS protection? Think again.

We charge 2% because we are a premium pool where shit just works.

We'll see on launch :p

If there is no competition among pools DDoS just makes no sense. Why would anyone DDoS our pools if one cannot profit from it?

Sorry, not going to work.  Already contacted exchanges and gave them the heads up.

Nobody is going to host this coin on a major exchange.

If you mine this coin you are killing crypto.  And in fact, since you won't be able to trade it, you're just wasting electricity.

But why are you doing this? We are trying to have some innovative way of distributing coins and you want to kill this idea because pool operators, like yourself, can't participate? We were going well in discussion with Bittrex of listing us from the launch but I am afraid that they might not do it given your reputation.
This is just sad and makes no sense to me.

People will DDoS your pools because of the threat this coin poses to all other coins, if the system you introduce turns out to be more attractive than what is considered "normal" up to this point. If you bring something new to the table that revolutionizes the way the silent majority thinks, the ones who were in control will do everything in their power to remain in control.

Limiting the hashrate is a wonderful idea, but it's also a threat to the big wales out there. It is also a threat to every coin that uses the old system, and, along with it, to every pool owner that has a pool set up for any of those coins. If people find your coin more attractive than the others, they will migrate to it and abandon anything else.

If you mine this coin, you are SAVING crypto, not killing it. All people should be able to acquire coins at the same rate. There should be no difference between miners due to the fact that some can afford expensive equipment while others can't. Being able to increase the amount of coin one gains by selling the mined coins and reinvesting into mining equipment should not be possible, because this leads to an exponential increase in reward for that person. This is wrong, and it represents one of the main reasons why crypto cannot be seriously considered to replace real currencies in it's current state.

[HardwarePal]

The concept is a good idea in theory but in practice it isnt.

How do you know the centralized pool owner doesnt have an "unlocked" account and 95% of the network ?

[dominikf]

Can you mine this with sgminer?

[Minerals]

The concept is a good idea in theory but in practice it isnt.

How do you know the centralized pool owner doesnt have an "unlocked" account and 95% of the network ?

Pool statistics is public and anyone can check and control where the hashrate is coming from.

[Minerals]

Can you mine this with sgminer?

Yes, it is standard X11 algo

[dominikf]

The concept is a good idea in theory but in practice it isnt.

How do you know the centralized pool owner doesnt have an "unlocked" account and 95% of the network ?

Pool statistics is public and anyone can check and control where the hashrate is coming from.

Minerals can you mine this with sgminer configuration?

[Soepkip]

The concept is a good idea in theory but in practice it isnt.

How do you know the centralized pool owner doesnt have an "unlocked" account and 95% of the network ?

Pool statistics is public and anyone can check and control where the hashrate is coming from.

I'd think the solution to this is some experienced people in crypto to vet the project, even actually telling us who you guys are, who is the actual dev, what experience does he have etc.

[dominikf]

Can you mine this with sgminer?

Yes, it is standard X11 algo

Ok thanks in how many hours is the official launch?

[tz]

The concept is a good idea in theory but in practice it isnt.

How do you know the centralized pool owner doesnt have an "unlocked" account and 95% of the network ?

Indeed, this is a problem. You have no way of knowing. You may choose to trust them or you may not.
Community trusted pool owners should be allowed to set up pools, and periodic audits of all activities should be made available to the community.

[ocminer]

The concept is a good idea in theory but in practice it isnt.

How do you know the centralized pool owner doesnt have an "unlocked" account and 95% of the network ?

Indeed, this is a problem. You have no way of knowing. You may choose to trust them or you may not.
Community trusted pool owners should be allowed to set up pools, and periodic audits of all activities should be made available to the community.

+1

Simply set up a poll and let the users decide which pools they want to be set up and which not... this way it would make the community even stronger

[Kenta]

You think these pools have DDOS protection? Think again.

We charge 2% because we are a premium pool where shit just works.

We'll see on launch :p

If there is no competition among pools DDoS just makes no sense. Why would anyone DDoS our pools if one cannot profit from it?

Sorry, not going to work.  Already contacted exchanges and gave them the heads up.

Nobody is going to host this coin on a major exchange.

If you mine this coin you are killing crypto.  And in fact, since you won't be able to trade it, you're just wasting electricity.

But why are you doing this? We are trying to have some innovative way of distributing coins and you want to kill this idea because pool operators, like yourself, can't participate? We were going well in discussion with Bittrex of listing us from the launch but I am afraid that they might not do it given your reputation.
This is just sad and makes no sense to me.

People will DDoS your pools because of the threat this coin poses to all other coins, if the system you introduce turns out to be more attractive than what is considered "normal" up to this point. If you bring something new to the table that revolutionizes the way the silent majority thinks, the ones who were in control will do everything in their power to remain in control.

Limiting the hashrate is a wonderful idea, but it's also a threat to the big wales out there. It is also a threat to every coin that uses the old system, and, along with it, to every pool owner that has a pool set up for any of those coins. If people find your coin more attractive than the others, they will migrate to it and abandon anything else.

If you mine this coin, you are SAVING crypto, not killing it. All people should be able to acquire coins at the same rate. There should be no difference between miners due to the fact that some can afford expensive equipment while others can't. Being able to increase the amount of coin one gains by selling the mined coins and reinvesting into mining equipment should not be possible, because this leads to an exponential increase in reward for that person. This is wrong, and it represents one of the main reasons why crypto cannot be seriously considered to replace real currencies in it's current state.

I think it's better to stay away from Dedicatedpool after this. If they are using their power to control the revolution cryptocoins were supposed to be, like the mafia of crytocoins. Then it's probably better to avoid them.

I'll mine this coin, it's become important to support it

[Acidyo]

OCminer is a very reputable pool owner, couldn't we just agree to let him host the pools for this coin and keep them at 0% fee? This way no one gains anything from it and this experiment can be fulfilled.

[johndec2]

Ok thanks in how many hours is the official launch?

If you are too stupid to read the OP (1st and 2nd line).  I'll tell you.  It's next Tuesday.....  

[Starscream]

People will DDoS your pools because of the threat this coin poses to all other coins, if the system you introduce turns out to be more attractive than what is considered "normal" up to this point. If you bring something new to the table that revolutionizes the way the silent majority thinks, the ones who were in control will do everything in their power to remain in control.

Limiting the hashrate is a wonderful idea, but it's also a threat to the big wales out there. It is also a threat to every coin that uses the old system, and, along with it, to every pool owner that has a pool set up for any of those coins. If people find your coin more attractive than the others, they will migrate to it and abandon anything else.

If you mine this coin, you are SAVING crypto, not killing it. All people should be able to acquire coins at the same rate. There should be no difference between miners due to the fact that some can afford expensive equipment while others can't. Being able to increase the amount of coin one gains by selling the mined coins and reinvesting into mining equipment should not be possible, because this leads to an exponential increase in reward for that person. This is wrong, and it represents one of the main reasons why crypto cannot be seriously considered to replace real currencies in it's current state.

Well said.

[ocminer]

OCminer is a very reputable pool owner, couldn't we just agree to let him host the pools for this coin and keep them at 0% fee? This way no one gains anything from it and this experiment can be fulfilled.

Thanks for your trust, but this is still not the (end) resolution of the problem

1. I wont be able to host the whole coin alone, it needs much resources (servers) which I simply cannot afford without fees

2. Community Trust only works when many (trusted) pools host it (suprnova, dedicated, hashharder, dwarf etc.)

3. Code review should also be done by trusted members

I really like the idea but, as already stated before, it fights the whole "open source currency" thing when things are controlled so much..

A bit control is okay, but not this "Dictator-Style"...

You could call it Fidel Castro Coin ^^

[dominikf]

Ok thanks in how many hours is the official launch?

If you are too stupid to read the OP (2nd line).  I'll tell you.  It's next Tuesday.....  

I know it says today 15 GMT. But I'm from europe so I want to know when exactly this is here?

[johndec2]

Did you click on the countdown timer (2nd line)??  Try the left mouse button, it's not hard.

Ok thanks in how many hours is the official launch?

If you are too stupid to read the OP (2nd line).  I'll tell you.  It's next Tuesday.....  

I know it says today 15 GMT. But I'm from europe so I want to know when exactly this is here?

[MiMiMiner]

"Hashing power of each worker and IP will be limited to not more than 50 MH/s (see the poll) by limiting the number of shares that a worker can send to the pool per unit of time."

Really? So I am not able to mine this coin? Because I have my miners behind one single ip.....