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 Author Topic: [ANN] [JUDGE] Judge Coin | Multipool is UP @ http://judge.bemining.net/  (Read 148562 times) This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
judgecrypto
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 July 11, 2014, 04:10:32 AM

Coin production estimates...

The PoW / PoS blocks end at block 38,640 at which point PoW will end and only Proof of Stake will be running.

The max theoretical supply that could exist at the end of PoW/PoS is 19,320,000, which is 38640 x 500.

Since the PoS blocks are smaller we will be looking at less than 19,320,000.

If you look at the block explorer .... blocks 1 - 5999 generated 3,000,000 coins.
At Block 6000 PoS / PoW hybrid kicked in.  We are at 3,756,069 coins as of block 7899.

So that means that means since PoS kicked in we generated 7899 - 6000 = 1899 blocks
That means that 1899 blocks combined pow / pos combined to make 3756069 coins.
756,069 / 1899 blocks = 398.1406003159558 coins per block.

If we take 38,640 blocks total - 7899 blocks done = 30,741 blocks left
30741 blocks x 400 = 12,296,400 coins left to generate.

12,296,400 + 3,756,069 = 16,052,469 coins left to generate...

This is my estimate of the current coins that will be generated at the end of PoW.
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Fitness76
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 July 11, 2014, 04:19:18 AM

Community Proposal

I am opening up the discussion to ending the PoW period early and going to PoS. I have had a lot of feedback that the multipool dumps are hurting and regular miners have stopped mining.

In order to do this we would need to have a dev on board to assist with this as this is not something I could go back to the launch dev for.

This would require ANOTHER HARD FORK which generally are bad.  If we do this should we go to PoS or stay PoW with block halving?

POST YOUR THOUGHTS!

*THIS IS NOT A STATEMENT THAT WE ARE REDUCING THE POW PERIOD*  JUST A DISCUSSION *

From a personal standpoint I would like to see the coin do the full POW as originally proposed. For full disclosure that is because I have not been mining it as much since I knew we are less than 20% through the POW phase(just off the top of my head didn't calculate). I have been mining other coins that are ending their POW phase. If it was shorter I would have mined Judge, because I think it has more potential.

Now from an overall coin perspective. Is there a way to block multipools? I was reading in another thread last week that some coins do this, not sure if it's true though. I will look and see if I can find what I was reading, but with how many posts I read I don't think I will. Also pools can block IP addresses of users/farms. I know that some pools do this to slow down the huge farms that are out there. It doesn't stop them just makes them keep switching IP's which again slows them down and sometimes creates too much work so they just move on.
Another question is there a way to see if it is a multpool that is dumping and not just a huge farm or just a lot of people? I use Trademybit and do not use their auto convert function often. I just transfer either to my wallet or an exchange. So not all multipools are necessarily to blame, it is still up to the miner.

Sorry I guess I brought up more questions than answers, but knowing the above I think we can all make a better choice of the path ahead.
Have a Great Day

Some good points.  I am generally against changing the coin once launched.  The only reason I dropped the block count on this last revision was to make up for the PoS blocks that did not kick in right away.

My personal philosophy is that we should let the PoW run as it was just patched to end with the originally planned 15 million coins.  I chose this number since i wanted to have roughly the same amount of coins as bitcoin. Without this latest fork we would have hit 21,600,000.

Without a premine or IPO I have no way of offering bounties to people without buying hash or buying coins off the exchange.  In that way the lower prices has helped get some, which in turn will allow me to operate the coin as if the coin did have a premine, except instead of the premine coming from the community it is coming out of my pocket.

I think that is good reasoning as well.
Oh and thank you for reminding me I need to go put in some buy orders almost forgot. Mining and following too many coins, I get lost/distracted on the way to doing something a lot

ReddCoin: Rc2p4G8tdHNS5MggnnEPq1KivwkQTSu8Gt     NetCoin: nTsdxYt4KpAYT3rAdVPCsgrAgSXUiEJhUL
utahjohn
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 July 11, 2014, 04:24:44 AM

Don't miss the train   Buy while coins are plentiful
AltcoinChatter
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 July 11, 2014, 04:36:30 AM

Don't miss the train   Buy while coins are plentiful

Or come by and grab some coins for free!

★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★

#AltcoinChatter is hosting a JUDGE giveaway.

Enter here for 2 free JudgeCoins! -> http://altcoinchatter.com/index.php?topic=16.0

★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★

#AltcoinChatter
utahjohn
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 July 11, 2014, 04:39:08 AM

@Judge
Have a look at KTK (KryptKoin) they are using Wafflepool as a backend to "their pool" and buying KTK on exchange with BTC earned to payout to miners in KTK (Disadvantage is double conversion on exchanges).  Just a simple suggestion
utahjohn
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 July 11, 2014, 04:58:01 AM

Finally my BTC arrived at Bittrex OK now all naysayers dump coins so I can buy cheap
jmm8899
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 July 11, 2014, 05:27:47 AM

Finally my BTC arrived at Bittrex OK now all naysayers dump coins so I can buy cheap
Continue to buy cheap coins if the cheaper too good

utahjohn
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 July 11, 2014, 05:51:40 AM

Finally my BTC arrived at Bittrex OK now all naysayers dump coins so I can buy cheap
Continue to buy cheap coins if the cheaper too good

My order in for 1500 @ .00001050
DJCanh
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 July 11, 2014, 06:16:12 AM

@Judge
Have a look at KTK (KryptKoin) they are using Wafflepool as a backend to "their pool" and buying KTK on exchange with BTC earned to payout to miners in KTK (Disadvantage is double conversion on exchanges).  Just a simple suggestion

Double conversion but miners don't care as long as they make a killing on sales sadly dumpers are dumb.
pos4me
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 July 11, 2014, 06:34:51 AM

Judge Coin NOW HIRING!

Looking for a lead developer.  Paying 1,000 Judge Coins per week.

I will be funding this initially but hope that community will contribute and make it community sustainable.
I have setup a wallet just for payment of the Lead Developer: JUKrWcyqCX6D3w5WsYmmsaa4Biqk9Mnq3A

PM for more information.

Judge Crypto

Less than \$1/day. Why so generous? I would say this is peanuts, but peanuts actually cost more.
Sustainability of this salary will not be an issue.

Nice maths- at the current value it's \$6.8 a day and the motivation is more than just the current price is it not? By being a good dev you will increase your own salary with  the value of the coin.
Heh that's a 12 pack of cheap beer a day

I guess you both forgot to divide by 7 ... the offer is 1000 judge per week not per day, so the my math is correct. Is there a boogereatercoin out for you to mine? It seems you have already been mining those.
judgecrypto
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 July 11, 2014, 06:36:59 AM

Judge Coin NOW HIRING!

Looking for a lead developer.  Paying 1,000 Judge Coins per week.

I will be funding this initially but hope that community will contribute and make it community sustainable.
I have setup a wallet just for payment of the Lead Developer: JUKrWcyqCX6D3w5WsYmmsaa4Biqk9Mnq3A

PM for more information.

Judge Crypto

Less than \$1/day. Why so generous? I would say this is peanuts, but peanuts actually cost more.
Sustainability of this salary will not be an issue.

Nice maths- at the current value it's \$6.8 a day and the motivation is more than just the current price is it not? By being a good dev you will increase your own salary with  the value of the coin.
Heh that's a 12 pack of cheap beer a day

I guess you both forgot to divide by 7 ... the offer is 1000 judge per week not per day, so the my math is correct. Is there a boogereatercoin out for you to mine? It seems you have already been mining those.

If there a particular reason you are against this coin?  Why even post here if you are going to be negative?
Fitness76
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 July 11, 2014, 06:38:17 AM

Hi I've been looking and can't see it posted anywhere, but where are the http://pool.judgecoin.com mining servers located? If I rent rigs later I will of course try and rent some closer to the servers instead of half way around the world.

Thanks and Have a Great Day!

ReddCoin: Rc2p4G8tdHNS5MggnnEPq1KivwkQTSu8Gt     NetCoin: nTsdxYt4KpAYT3rAdVPCsgrAgSXUiEJhUL
utahjohn
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 July 11, 2014, 06:41:13 AM

Meanwhile on the subject of JC I see that trading volume is UP   In order to STAY listed on Bittrex this is a must, they will drop a coin if they feel volume is too low
utahjohn
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 July 11, 2014, 06:42:08 AM

Hi I've been looking and can't see it posted anywhere, but where are the http://pool.judgecoin.com mining servers located? If I rent rigs later I will of course try and rent some closer to the servers instead of half way around the world.

Thanks and Have a Great Day!
Mine for BTC on Wafflepool and then buy JUDGE on Bittrex
pos4me
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 July 11, 2014, 06:45:02 AM

Judge Coin NOW HIRING!

Looking for a lead developer.  Paying 1,000 Judge Coins per week.

I will be funding this initially but hope that community will contribute and make it community sustainable.
I have setup a wallet just for payment of the Lead Developer: JUKrWcyqCX6D3w5WsYmmsaa4Biqk9Mnq3A

PM for more information.

Judge Crypto

Less than \$1/day. Why so generous? I would say this is peanuts, but peanuts actually cost more.
Sustainability of this salary will not be an issue.

Nice maths- at the current value it's \$6.8 a day and the motivation is more than just the current price is it not? By being a good dev you will increase your own salary with  the value of the coin.
Heh that's a 12 pack of cheap beer a day

I guess you both forgot to divide by 7 ... the offer is 1000 judge per week not per day, so the my math is correct. Is there a boogereatercoin out for you to mine? It seems you have already been mining those.

If there a particular reason you are against this coin?  Why even post here if you are going to be negative?

I am not against the coin. I do think the amount of judge offered is asinine and offensive. Either up the offer or do not even offer any at all and let being head dev be the reward. If half the rate of a schoolkid's lunch can pay a head dev then we are all in trouble.

I am against those that talk bs about my math being wrong and not one person corrected them (that makes me even more alarmed).
Fitness76
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 July 11, 2014, 06:50:11 AM

Hi I've been looking and can't see it posted anywhere, but where are the http://pool.judgecoin.com mining servers located? If I rent rigs later I will of course try and rent some closer to the servers instead of half way around the world.

Thanks and Have a Great Day!
Mine for BTC on Wafflepool and then buy JUDGE on Bittrex

I appreciate the advice, but normally I do better mining coins directly and trading myself. I have the time to do so, I know most don't. I also buy on top of mining.

Have a Great Day!

ReddCoin: Rc2p4G8tdHNS5MggnnEPq1KivwkQTSu8Gt     NetCoin: nTsdxYt4KpAYT3rAdVPCsgrAgSXUiEJhUL
utahjohn
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 July 11, 2014, 06:51:47 AM

LOL you should be in the range of 5-10 BTC (flat rate) for a good dev to join
judgecrypto
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 July 11, 2014, 06:57:42 AM

Judge Coin NOW HIRING!

Looking for a lead developer.  Paying 1,000 Judge Coins per week.

I will be funding this initially but hope that community will contribute and make it community sustainable.
I have setup a wallet just for payment of the Lead Developer: JUKrWcyqCX6D3w5WsYmmsaa4Biqk9Mnq3A

PM for more information.

Judge Crypto

Less than \$1/day. Why so generous? I would say this is peanuts, but peanuts actually cost more.
Sustainability of this salary will not be an issue.

Nice maths- at the current value it's \$6.8 a day and the motivation is more than just the current price is it not? By being a good dev you will increase your own salary with  the value of the coin.
Heh that's a 12 pack of cheap beer a day

I guess you both forgot to divide by 7 ... the offer is 1000 judge per week not per day, so the my math is correct. Is there a boogereatercoin out for you to mine? It seems you have already been mining those.

If there a particular reason you are against this coin?  Why even post here if you are going to be negative?

I am not against the coin. I do think the amount of judge offered is asinine and offensive. Either up the offer or do not even offer any at all and let being head dev be the reward. If half the rate of a schoolkid's lunch can pay a head dev then we are all in trouble.

I am against those that talk bs about my math being wrong and not one person corrected them (that makes me even more alarmed).

Do you agree that many people who contribute to open source projects get zero incentive?  I am offering something as a token gesture. It is not meant to be a salary to live off of.

Before someone insulted your math, do you feel you were polite in the way you expressed your opinion?  You came into the Judge Coin forum without any history and made a sarcastic statement about something i am doing to promote the coin.  If you were trying to help you obviously could have said it in a more productive way.

I have zero premine and no IPO.  I am offering incentives out of my pocket to get people excited.  If you want to help please help.  If you want to participate in a discussion with the aim of helping please do so.
judgecrypto
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 July 11, 2014, 07:03:21 AM

LOL you should be in the range of 5-10 BTC (flat rate) for a good dev to join

I am looking for a developer who wants to do more than simply make some quick BTC.  I have been burned many times by coins that just come and go.  There are coins that come out without even bothering to put up a website.  Here is a chance to actually build something long term.  I am hoping to find people who believe in my vision more than just collecting btc.

I will keep trying
judgecrypto
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 July 11, 2014, 07:09:21 AM

Judge Coin Pool - FREE COINS

Tomorrow night I will be going through the miner list at http://pool.judgecoin.com/workers

I will have a random number generator going and pay out 1 - 100 coins to the first 100 people on the list...

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