[ANN][FIRE] FireCoin- 97K Fire - POS - Developer leaving

[tom14cat14]

I am announcing a raffle/contest for a Fury ASIC miner from GAW miners. http://www.gawminers.com/products/1-3-mh-s-the-fury-by-gaw-miners-asic-scrypt-miner-same-day-shipping-1/   Or .1 BTC

How to enter. Send FireCoin to pay for entry to the donations address listed in OP. I will use you tx ID as your entry ticket and if you buy multiple entries I will add appropriate number of entries. PM me your tx ID and I will draw from all tx ID's the winner AUG 1st GMT.


Cost of entries
1 entry equals 10 Fire
12 entries equal 100 Fire

Please only send in increments of 10 or 100. ie: 20 30 400 not 25. I will not add up if you send 25 and 25 and say but i had 50 fire I should have 5 entries. If you send this it will be 4 entries (25=2 entries)

Note this is going into the donation fund not my personal account but I will move donations as I see fit to best serve this coin. Biggest thing will be better prizes and marketing. I hope to get up to where I am giving a Ipad or a large miner with thousands of dollars. Future prizes will be purely based off the success of past contests.

[tom14cat14]

I have just added you can elect .1btc payment instead of fury miner.

[Biomech]

I am announcing a raffle/contest for a Fury ASIC miner from GAW miners. http://www.gawminers.com/products/1-3-mh-s-the-fury-by-gaw-miners-asic-scrypt-miner-same-day-shipping-1/

The way I am going to run this is you will have to buy an entry by sending Firecoin to the Donation address and then post your tx id here in the thread. At midnight UTC on Aug 1 I will draw a tx id and will pm the user for shipping info. I will also announce the user name in the thread of the winner. If this is successful I will keep increasing the prize of future contests. I would like to make this a weekly drawing. We are working to get this automated on the website but wanted to try one now with just the basics.

If you do not want the Fury you can elect .1BTC payment.

Cost of entries
1 entry equals 10 Fire
12 entries equal 100 Fire

Please only send in increments of 10 or 100. ie: 20 30 400 not 25. I will not add up if you send 25 and 25 and say but i had 50 fire I should have 5 entries. If you send this it will be 4 entries (25=2 entries)

Note this is going into the donation fund not my personal account but I will move donations as I see fit to best serve this coin. Biggest thing will be better prizes and marketing. I hope to get up to where I am giving a Ipad or a large miner with thousands of dollars. Future prizes will be purely based off the success of past contests.

Slick!

You just valued firecoin at 5X bitcoin for your contest. If you didn't intend that, you should have. Well played!

[edn247]

I've put together a simple FireCoin info-graphic for putting on the OP and for advertising etc.

Let me know what you think. I plan to update it over time.

Has anyone calculated the effective compound annual rate?  That number looks a bit more appealing and this kind of coin could be the kind of thing you want to hold for a year or more since the value should be rising over time.

[tom14cat14]

We have not calculated the compounded rate. Right now we want this to be a rare coin with low inflation.

[cryptocointools]

Don't forget there is over 45.000 FIRE up for grabs at the CryptocoinTools.com Flamethrower:

http://cryptocointools.com/faucets/firecoin/

[presstab]

We have not calculated the compounded rate. Right now we want this to be a rare coin with low inflation.

If my calcs are correct, at 1 day per stake, the compounded rate is only 1.005%, it really doesn't change much at this low of a rate.

[presstab]

I am announcing a raffle/contest for a Fury ASIC miner from GAW miners. http://www.gawminers.com/products/1-3-mh-s-the-fury-by-gaw-miners-asic-scrypt-miner-same-day-shipping-1/

The way I am going to run this is you will have to buy an entry by sending Firecoin to the Donation address and then post your tx id here in the thread. At midnight UTC on Aug 1 I will draw a tx id and will pm the user for shipping info. I will also announce the user name in the thread of the winner. If this is successful I will keep increasing the prize of future contests. I would like to make this a weekly drawing. We are working to get this automated on the website but wanted to try one now with just the basics.

If you do not want the Fury you can elect .1BTC payment.

Cost of entries
1 entry equals 10 Fire
12 entries equal 100 Fire

Please only send in increments of 10 or 100. ie: 20 30 400 not 25. I will not add up if you send 25 and 25 and say but i had 50 fire I should have 5 entries. If you send this it will be 4 entries (25=2 entries)

Note this is going into the donation fund not my personal account but I will move donations as I see fit to best serve this coin. Biggest thing will be better prizes and marketing. I hope to get up to where I am giving a Ipad or a large miner with thousands of dollars. Future prizes will be purely based off the success of past contests.

How do you plan on selecting the winner? I suggest using the block chain like I did here https://cryptocointalk.com/topic/10249-hobonickels-gpu-contest-%E2%80%93-win-a-free-xfx-7950/

[inteus]

Fury FTW! 

txid: d840229f3054222efb48ad8234a07376c27fdb3e0d1ef6f6e213e6b4ed9891e7

[tom14cat14]

Fury FTW! 

txid: d840229f3054222efb48ad8234a07376c27fdb3e0d1ef6f6e213e6b4ed9891e7

Best Of luck

[tom14cat14]

I am announcing a raffle/contest for a Fury ASIC miner from GAW miners. http://www.gawminers.com/products/1-3-mh-s-the-fury-by-gaw-miners-asic-scrypt-miner-same-day-shipping-1/

The way I am going to run this is you will have to buy an entry by sending Firecoin to the Donation address and then post your tx id here in the thread. At midnight UTC on Aug 1 I will draw a tx id and will pm the user for shipping info. I will also announce the user name in the thread of the winner. If this is successful I will keep increasing the prize of future contests. I would like to make this a weekly drawing. We are working to get this automated on the website but wanted to try one now with just the basics.

If you do not want the Fury you can elect .1BTC payment.

Cost of entries
1 entry equals 10 Fire
12 entries equal 100 Fire

Please only send in increments of 10 or 100. ie: 20 30 400 not 25. I will not add up if you send 25 and 25 and say but i had 50 fire I should have 5 entries. If you send this it will be 4 entries (25=2 entries)

Note this is going into the donation fund not my personal account but I will move donations as I see fit to best serve this coin. Biggest thing will be better prizes and marketing. I hope to get up to where I am giving a Ipad or a large miner with thousands of dollars. Future prizes will be purely based off the success of past contests.

How do you plan on selecting the winner? I suggest using the block chain like I did here https://cryptocointalk.com/topic/10249-hobonickels-gpu-contest-%E2%80%93-win-a-free-xfx-7950/

I plan to put tx id's on an excel spread sheet that way people that buy multiple entries will have same tx I'd multiple listed as many times as entries. Then I will match that tx id with posted tx Id in this thread. I will definitely keep your method in mind. Or any other method in mind. We want to make this run on the website in the future. Any advice or input in appreciated. We are looking for the best and most fair way for everyone involved. I of course will not be entered. I am the one running this completely on my own. This is just one of the many blocks to build up Firecoin.

[tom14cat14]

Fury FTW! 

txid: d840229f3054222efb48ad8234a07376c27fdb3e0d1ef6f6e213e6b4ed9891e7

Coins received.

[tom14cat14]

I updated the contest to now say you have to pm me the TX id. I do not want to break the rules here and forgot I can not encourage people to increase thread post by. (Wasn't my intention in the first place)   So please send me a PM with your TX id and I will make the drawing out of all the TX id's AUG 1st midnight GMT

[tom14cat14]

Firecoin has just received 4 POD rating. (Proof of Developer) There is a little write up in the link below.

http://cryptoasian.com/fire-firecoinx15/

[tom14cat14]

Dont forget. Winner will be picked in about 60 hours.

I am announcing a raffle/contest for a Fury ASIC miner from GAW miners. http://www.gawminers.com/products/1-3-mh-s-the-fury-by-gaw-miners-asic-scrypt-miner-same-day-shipping-1/   Or .1 BTC

How to enter. Send FireCoin to pay for entry to the donations address listed in OP. I will use you tx ID as your entry ticket and if you buy multiple entries I will add appropriate number of entries. PM me your tx ID and I will draw from all tx ID's the winner AUG 1st GMT.


Cost of entries
1 entry equals 10 Fire
12 entries equal 100 Fire

Please only send in increments of 10 or 100. ie: 20 30 400 not 25. I will not add up if you send 25 and 25 and say but i had 50 fire I should have 5 entries. If you send this it will be 4 entries (25=2 entries)

Note this is going into the donation fund not my personal account but I will move donations as I see fit to best serve this coin. Biggest thing will be better prizes and marketing. I hope to get up to where I am giving a Ipad or a large miner with thousands of dollars. Future prizes will be purely based off the success of past contests.

[Biomech]

Fire in the hole!

Entry sent.

[tom14cat14]

So i have been thinking of ways to make this as transparent as I can. In the future we hope to be using the website for drawings but for now it will be done by hand. As you guys send you your TX id's and I confirm how many entities you have I will enter that ID into a excel spreadsheet with a number next to it starting at 1 and going up though however many entries we have. Once I close the entities I will post a screen shot of the excel spread sheet. I will then use a random number generator to generate a number 1-number of entries. I will post this screen shot and then I will match the TX id with a user here that PM'ed me that ID. I will not know the username until I go through the PM and match. I will then contact the person and ask what form of payment they prefer. Hope this clarifies the processes a little. And I hope this will be fun and that I can continue this on a weekly basis.

[cryptocointools]

To help make entering the drawing/contest easier, I have created a simple form on the website @ http://firecoin.tk/community/weekly-drawing/

You may enter your TX ID into the form and submit it. This will automatically notify tom14cat14, so he can update the entries list.

[cryptocointools]

So i have been thinking of ways to make this as transparent as I can. In the future we hope to be using the website for drawings but for now it will be done by hand. As you guys send you your TX id's and I confirm how many entities you have I will enter that ID into a excel spreadsheet with a number next to it starting at 1 and going up though however many entries we have. Once I close the entities I will post a screen shot of the excel spread sheet. I will then use a random number generator to generate a number 1-number of entries. I will post this screen shot and then I will match the TX id with a user here that PM'ed me that ID. I will not know the username until I go through the PM and match. I will then contact the person and ask what form of payment they prefer. Hope this clarifies the processes a little. And I hope this will be fun and that I can continue this on a weekly basis.

I think you should take the first four hexadecimal characters of the first Firecoin block solved after August 1st, 2014 and convert them from hex to decimal value. In which case, you will get a number between 0 and 65535. You could divide 65535 by the number of entries and determine the value/interval of each entry for the drawing, then compare the lucky number to each value for the drawing and determine which is closest. This would ensure the drawing/contest would be completely randomly based as a lot of gambling/betting websites are and give confidence to potential contestants/investors.

[tom14cat14]

So i have been thinking of ways to make this as transparent as I can. In the future we hope to be using the website for drawings but for now it will be done by hand. As you guys send you your TX id's and I confirm how many entities you have I will enter that ID into a excel spreadsheet with a number next to it starting at 1 and going up though however many entries we have. Once I close the entities I will post a screen shot of the excel spread sheet. I will then use a random number generator to generate a number 1-number of entries. I will post this screen shot and then I will match the TX id with a user here that PM'ed me that ID. I will not know the username until I go through the PM and match. I will then contact the person and ask what form of payment they prefer. Hope this clarifies the processes a little. And I hope this will be fun and that I can continue this on a weekly basis.

I think you should take the first four hexadecimal characters of the first Firecoin block solved after August 1st, 2014 and convert them from hex to decimal value. In which case, you will get a number between 0 and 65535. You could divide 65535 by the number of entries and determine the value/interval of each entry for the drawing, then compare the lucky number to each value for the drawing and determine which is closest. This would ensure the drawing/contest would be completely randomly based as a lot of gambling/betting websites are and give confidence to potential contestants/investors.

My way sounds way easier!