Alfred0211
Newbie
Offline
Activity: 12
Merit: 0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2014, 04:15:13 PM |
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I can do a dutch translation if you like, for a bounty ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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binaryclock
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2014, 05:45:13 PM |
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Will put up pool in the next hour! FRAC.V2.DEDICATEDPOOL.COMMining Information- SSO (single sign-on) - one account for all our pools on Dedicated v2.0
- Custom stratum/mpos environment
- Vardiff enabled
- PPNLS payout system
- Everything is transparent - blocks, donations, fees.
Server Infrastructure- SIX(6) SERVERS IN CLUSTER
- DDoS level 7 cloudflare, 5 and 3 stratum, and level at 1 switch level
- 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
- Ramdisks, memcaches, to make things go extremely quick
Same here, binaryclocks ways to do business is disgusting, you do not deserve any support. Wow, never heard anything from you about anything like this. I don't even know who you are. If you have been wronged in some way that I do not know, please contact me via PM/email admin@dedicatedpool.com and let me know how we can help! Thank you sir, http://dedicatedpool.comRyan, dedicatedpool.com support/admin admin@dedicatedpool.com / IRC on freenode ##dedicatedpool ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F7yIpdEv.png&t=665&c=UF2zfZYSMfMndQ)
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DEDICATEDPOOL.COM
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platorin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2014, 05:49:36 PM |
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Any premine nowadays is an awful idea. 51% attack is not a solution, since the value needed to take over the network was slightly increased by 20%. Which means you have nothing against 71% attack. Moreover, the coin has nothing new to offer.
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renisel2
Newbie
Offline
Activity: 25
Merit: 0
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June 13, 2014, 08:14:27 PM |
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Any premine nowadays is an awful idea. 51% attack is not a solution, since the value needed to take over the network was slightly increased by 20%. Which means you have nothing against 71% attack. Moreover, the coin has nothing new to offer.
It actually requires about 40% more resources to perform a 71% attack as opposed to a 51% attack. I agree that for someone who can get 51% of the hash rate, getting 71% instead probably isn't nearly as difficult as, say, someone getting from 1% to 21%. But I have a difficult time seeing how this increase in the threshold is completely without value.
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Gibcity
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2014, 08:27:14 PM |
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What time is launch if I live in chicago?
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bitluryz
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2014, 08:35:44 PM |
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omg i found password ! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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earlz
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 13, 2014, 08:41:21 PM |
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omg i found password ! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Even if that is somehow true, due to no nodes being online with the checkpoint block, it still won't be possible to premine
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pozmu
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 12:08:53 AM |
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0,5% fee seems too much IMHO It will make this coin unusable in the long run Even Bitcoin removed forced fees and you're gonna make them so high. I understand your intentions but if it's not pump&dump then it's way too much ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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rog1121
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 12:15:57 AM Last edit: June 14, 2014, 10:10:02 PM by rog1121 |
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Mining Confirmed Working!
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Brewins
Legendary
Offline
Activity: 1120
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 12:39:47 AM |
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- 1: 5000 FRAC Premine
- 2 - 31 : 0 FRAC (to ensure that launch is fair and everyone including pools are ready for launch)
- 32 -1471: 40 FRAC (1 day)
- 1472-20191: 20 FRAC (13 days)
- 20192-38912: 10 FRAC (13 days)
- 38913-40352: 40 FRAC (1 day)
Loving the block reward plan! Very innovative! but the question remains, whats the benefit of people mining after the second block reward drop?
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Vagnavs
Legendary
Offline
Activity: 1121
Merit: 1003
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 02:16:38 AM |
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0,5% fee seems too much IMHO It will make this coin unusable in the long run Even Bitcoin removed forced fees and you're gonna make them so high. I understand your intentions but if it's not pump&dump then it's way too much ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I agree. Please drop the pre-mine amount. Otherwise unusable in the future.
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Avalanche is a must own
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tricass
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 394
Merit: 250
Crypto enthusiast
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 04:47:48 AM Last edit: June 14, 2014, 05:31:52 AM by tricass |
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0,5% fee seems too much IMHO It will make this coin unusable in the long run Even Bitcoin removed forced fees and you're gonna make them so high. I understand your intentions but if it's not pump&dump then it's way too much ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I agree. Please drop the pre-mine amount. Otherwise unusable in the future. i think he was referring to the transaction costs and not the premine and i agree with the sentiment. this will make movement of coins too expensive with ppl opting for other coins offering cheaper fixed transaction costs rather than a percentage based one. you might be better off with a higher fixed transaction cost or significantly lower that percentage. eg transaction costs sending 10,000 costs 50 sending 1,000 costs 5 sending 100 costs 0.5 ppl are used to transaction costs like 0.0001 edit: just had a read of the white paper and it seems like the fee is a variable one from 0.1 to 0.5% depending on who you send the funds to. trying to get my head around the example where it mentions: "Imagine that the current block's difficulty is 210 and the current block reward is 1 coin. Alice wants to send Bob 100 coins, so she creates a transaction. This transaction might have fees of 0.5%, so lets say the fee is 1.05 coins. The minimum a transaction spending so many coins could be would be 0.21 coin though, which is what Slingshield works on." Some questions: 1. Doesn't 0.5% of 100 amount to 0.5 coins and not 1.05? 2. Where does the 0.21 coins figure come from?
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binaryclock
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 05:23:25 AM |
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DEDICATEDPOOL.COM
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robinf
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 05:50:10 AM |
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Good Luck I'm in!!
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earlz
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 05:59:25 AM |
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0,5% fee seems too much IMHO It will make this coin unusable in the long run Even Bitcoin removed forced fees and you're gonna make them so high. I understand your intentions but if it's not pump&dump then it's way too much ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I agree. Please drop the pre-mine amount. Otherwise unusable in the future. i think he was referring to the transaction costs and not the premine and i agree with the sentiment. this will make movement of coins too expensive with ppl opting for other coins offering cheaper fixed transaction costs rather than a percentage based one. you might be better off with a higher fixed transaction cost or significantly lower that percentage. eg transaction costs sending 10,000 costs 50 sending 1,000 costs 5 sending 100 costs 0.5 ppl are used to transaction costs like 0.0001 edit: just had a read of the white paper and it seems like the fee is a variable one from 0.1 to 0.5% depending on who you send the funds to. trying to get my head around the example where it mentions: "Imagine that the current block's difficulty is 210 and the current block reward is 1 coin. Alice wants to send Bob 100 coins, so she creates a transaction. This transaction might have fees of 0.5%, so lets say the fee is 1.05 coins. The minimum a transaction spending so many coins could be would be 0.21 coin though, which is what Slingshield works on." Some questions: 1. Doesn't 0.5% of 100 amount to 0.5 coins and not 1.05? 2. Where does the 0.21 coins figure come from? This bit is due to change addresses. When sending money back to yourself, you pay fees of 0.1% rather than 0.5%. Fees are an unavoidable cost of ensuring that you have a secure network on which to spend money, without the economic side effects of long-term hyper-inflation. This is designed primarily as a currency after all, for buying things from businesses. If you look at a non-bitcoin competitor, such as credit cards, you'll see they usually have fees around 2.5% or more. If transaction volume proves that fees can be reduced later down the line, they can be reduced without requiring a hard fork.
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brainape
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 06:02:02 AM |
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Cool. Can you fix the links please.
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CryptoLaunch
Member
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Offline
Activity: 84
Merit: 10
Cryptolaunch.net for all coin launches and pumps!
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 06:20:15 AM |
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tricass
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 394
Merit: 250
Crypto enthusiast
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 14, 2014, 07:25:20 AM |
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0,5% fee seems too much IMHO It will make this coin unusable in the long run Even Bitcoin removed forced fees and you're gonna make them so high. I understand your intentions but if it's not pump&dump then it's way too much ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I agree. Please drop the pre-mine amount. Otherwise unusable in the future. i think he was referring to the transaction costs and not the premine and i agree with the sentiment. this will make movement of coins too expensive with ppl opting for other coins offering cheaper fixed transaction costs rather than a percentage based one. you might be better off with a higher fixed transaction cost or significantly lower that percentage. eg transaction costs sending 10,000 costs 50 sending 1,000 costs 5 sending 100 costs 0.5 ppl are used to transaction costs like 0.0001 edit: just had a read of the white paper and it seems like the fee is a variable one from 0.1 to 0.5% depending on who you send the funds to. trying to get my head around the example where it mentions: "Imagine that the current block's difficulty is 210 and the current block reward is 1 coin. Alice wants to send Bob 100 coins, so she creates a transaction. This transaction might have fees of 0.5%, so lets say the fee is 1.05 coins. The minimum a transaction spending so many coins could be would be 0.21 coin though, which is what Slingshield works on." Some questions: 1. Doesn't 0.5% of 100 amount to 0.5 coins and not 1.05? 2. Where does the 0.21 coins figure come from? This bit is due to change addresses. When sending money back to yourself, you pay fees of 0.1% rather than 0.5%. Fees are an unavoidable cost of ensuring that you have a secure network on which to spend money, without the economic side effects of long-term hyper-inflation. This is designed primarily as a currency after all, for buying things from businesses. If you look at a non-bitcoin competitor, such as credit cards, you'll see they usually have fees around 2.5% or more. If transaction volume proves that fees can be reduced later down the line, they can be reduced without requiring a hard fork. it remains to be seen whether this is priced correctly. seems more weighted towards miners than the consumer but we need both for this coin to succeed. i hope it works out and i will be mining it. but i'm still not clear on the maths so hoping someone clarifies the numbers for me.
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