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

[mitchellmint]

We are working on limiting big miners right now
It will be ready in few hours

I suggest big miners to quit mining Minerals or you'll be losing hashpower soon

What will you do with the coins they have made?

they will not be making coins, just more rejected shares

Spin their tires so to speak.

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[stokecrypto]

i thought the limit was 50mh how have the farms got round this?

launch was one of the better ones, massive differance when farms dont rape from the go

[MiMiMiner]

We are working on limiting big miners right now
It will be ready in few hours

I suggest big miners to quit mining Minerals or you'll be losing hashpower soon

What will you do with the coins they have made?

they will not be making coins, just more rejected shares

I know, but what will happend with the coins they have made until they get the rejected shares?

[Walter001]

It's every worker has to <50M to anti asic
It's ok if they use bunch of VGA and total hash rate > 50M  

And i think it's good if devs changes limit  from 50 -> 25Mh/worker

 

I thought the real point was to make the coin more evenly distributed throughout the community.  People running these farms generating 900 Mh/s are for sure going to dump the coin as soon as it hits exchanges.  If we actually did try and limit the big farms it would be much more interesting price discovery on the markets.

You are totaly wrong, don't compare farms with multipools. Farms are the biggest bagholders. We couldn't pay our electricity bill If we would dump our coins right after mining them. Only way for us to make some profit is to hold all coins until one of them reaches a good value, only than we start to drop slowly so the price wont be affected to much. Of course this happens only to 1 out of 20 coins more or less. For example, the last good profit we made with libertycoin, we had 780k and sold them for over 100 BTC, because we was holding them. Right now we hold tons of priceless coins, so please think a bit before you compare us with multipools. Btw, we are xdata on scv.minerals.pro

[MiMiMiner]

It's every worker has to <50M to anti asic
It's ok if they use bunch of VGA and total hash rate > 50M  

And i think it's good if devs changes limit  from 50 -> 25Mh/worker

 

I thought the real point was to make the coin more evenly distributed throughout the community.  People running these farms generating 900 Mh/s are for sure going to dump the coin as soon as it hits exchanges.  If we actually did try and limit the big farms it would be much more interesting price discovery on the markets.

You are totaly wrong, don't compare farms with multipools. Farms are the biggest bagholders. We couldn't pay our electricity bill If we would dump our coins right after mining them. Only way for us to make some profit is to hold all coins until one of them reaches a good value, only than we start to drop slowly so the price wont be affected to much. Of course this happens only to 1 out of 20 coins more or less. For example, the last good profit we made with libertycoin, we had 780k and sold them for over 100 BTC, because we was holding them. Right now we hold tons of priceless coins, so please think a bit before you compare us with multipools. Btw, we are xdata on scv.minerals.pro

True that!

[stokecrypto]

does this happen to anyone else in their sgminer:

network diff set to
stratum detected new block
network diff set to
stratum detected new block
network diff set to
stratum detected new block
accepted share
accepted share
network diff set to
stratum detected new block
network diff set to
stratum detected new block,
accepted share

it barley every comes up with accepted shares just the new block and diff, my other miners are getting loads of shares.

its still detecting the correct hashrate on pools so it must still be submitting shares??

[Minerals]

We are working on limiting big miners right now
It will be ready in few hours

I suggest big miners to quit mining Minerals or you'll be losing hashpower soon

What will you do with the coins they have made?

they will not be making coins, just more rejected shares

I know, but what will happend with the coins they have made until they get the rejected shares?

depends on the limit development. If it takes too long we will have to start locking big hashers manually for 2 weeks in attempt to scare em away. We will announce 1-2 hours before we decide to take measure like this. But the issue with big miners have gone too far and we are going to fix it one way or annother

[gullu]

We are working on limiting big miners right now
It will be ready in few hours

I suggest big miners to quit mining Minerals or you'll be losing hashpower soon

What will you do with the coins they have made?

they will not be making coins, just more rejected shares

I know, but what will happend with the coins they have made until they get the rejected shares?

depends on the limit development. If it takes too long we will have to start locking big hashers manually for 2 weeks in attempt to scare em away. We will announce 1-2 hours before we decide to take measure like this. But the issue with big miners have gone too far and we are going to fix it one way or annother

you should have had ip restriction in stead of worker. you had your opportunity. throw in the towel...

[Vizakenjack]

MiMIMiner cares about his uberfarm

Limit those Hashrates !

1               MiMiMiner   462,472   68,960.192
2      anonymous   169,903   25,334.647
3      anonymous   157,498   23,484.829
4      anonymous   119,315   17,791.315
5      anonymous   114,789   17,116.356
6      anonymous   104,461   15,576.314
7      bitter27   101,259   15,098.874
8      Corsair   100,279   14,952.830
9      anonymous   99,702   14,866.712
10      anonymous   95,225   14,199.251
11      quark   94,279   14,058.201
12      FancyDancy   86,744   12,934.634
13      eon   82,339   12,277.772
14      anonymous   79,033   11,784.805
15      teomihsav   78,161   11,654.795

[Minerals]

We are working on limiting big miners right now
It will be ready in few hours

I suggest big miners to quit mining Minerals or you'll be losing hashpower soon

What will you do with the coins they have made?

they will not be making coins, just more rejected shares

I know, but what will happend with the coins they have made until they get the rejected shares?

depends on the limit development. If it takes too long we will have to start locking big hashers manually for 2 weeks in attempt to scare em away. We will announce 1-2 hours before we decide to take measure like this. But the issue with big miners have gone too far and we are going to fix it one way or annother

you should have had ip restriction in stead of worker. you had your opportunity. throw in the towel...

ip restricion isn't the best way to do it. We wanted to prevent asics and multipools away from Minerals and we've done that. But IP limiting will filter out many people who want to have their share of Minerals. For example why is bad if a guy rents a small rig? With IP limit he won't be able to do that. Also if a large number of people use same IP they will be fileterd out as well

The important goal for us is to distrubute Minerals fairly across everyone who is willing to mine. We don't want to filter out vast numbers of people, its not good for the coin.

Asics and Multipools are an obvioius cheat so we don't have them. Small farms and rentals are somewhat fair as long they are small (less then 50 Mh/s)

[dominikf]

We are working on limiting big miners right now
It will be ready in few hours

I suggest big miners to quit mining Minerals or you'll be losing hashpower soon

What will you do with the coins they have made?

they will not be making coins, just more rejected shares

I know, but what will happend with the coins they have made until they get the rejected shares?

depends on the limit development. If it takes too long we will have to start locking big hashers manually for 2 weeks in attempt to scare em away. We will announce 1-2 hours before we decide to take measure like this. But the issue with big miners have gone too far and we are going to fix it one way or annother

you should have had ip restriction in stead of worker. you had your opportunity. throw in the towel...

ip restricion isn't the best way to do it. We wanted to prevent asics and multipools away from Minerals and we've done that. But IP limiting will filter out many people who want to have their share of Minerals. For example why is bad if a guy rents a small rig? With IP limit he won't be able to do that. Also if a large number of people use same IP they will be fileterd out as well

The important goal for us is to distrubute Minerals fairly across everyone who is willing to mine. We don't want to filter out vast numbers of people, its not good for the coin.

Asics and Multipools are an obvioius cheat so we don't have them. Small farms and rentals are somewhat fair as long they are small (less then 50 Mh/s)

So ban people who have more than 50 MH per account. Anounce this and give them 2 hours to go below 50. Do this quick or the coin's whole idea is lost. Such a great idea if it succeeds ... Good luck :-)

[merc82]

Asics and Multipools are an obvioius cheat so we don't have them.

Cmon now. Cheats? Seriously? Multipools are made up of hashers just like your 6 private pools, there is 0 difference.

[Minerals]

Block explorer is ready! 

http://explorer.minerals.pro/

[seyond]

exchange is ok now?

[sovie]

We are working on limiting big miners right now
It will be ready in few hours

I suggest big miners to quit mining Minerals or you'll be losing hashpower soon

What will you do with the coins they have made?

they will not be making coins, just more rejected shares

I know, but what will happend with the coins they have made until they get the rejected shares?

you mean the coins you have made dumbass it was your name as top hash
on euro pool who are you kiddihng lol!!

[Starscream]

Asics and Multipools are an obvioius cheat so we don't have them.

Cmon now. Cheats? Seriously? Multipools are made up of hashers just like your 6 private pools, there is 0 difference.

Merc82.. I'm so disappointed you stoop to the level of binaryclock and that other twat from suchpool. Multipools don't help any coin, we all know that, especially your kind which is profit switching. Don't be a hypocrite by denying it. Albeit, all you do is offer a service, and you can't harm unless miners join it, but let's not pretend it's good for the coins you dump.
So by cheat I'm pretty he meant in his context that you harm the coin.

If pools really wanted to help coins they'd at least go the p2pool route.

[iqacid]

exchange is ok now?

Dev please tell us when it be on popular exchanges?

[seyond]

if you don't publish the wallet. how the exchange add MIN?

[ChekaZ]

Is there any exchange? Or whats going on here?

 edit:Without releasing source its probably not possible for exchanges to add MIN

[hero18688]

"Limiting max hash rate per worker" is a joke.Farmer can use different worker name for each rig.You should limit the total hash rate per username.Even this can't prevent farmer.They can register more username if it's profitable.So why not go to exchange only after POW end. Boostcoin is a good model since it is on exchange after lauched about 7 days.