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Author Topic: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine  (Read 576882 times)
reorder
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August 04, 2014, 07:19:54 PM
 #1001

Any pools not listed?
1GH seems to be the only one running right now.
And there is a problem with 1GH. When I put on it 400KH - it shows 400KH, but when I put on it 12 Mh it shows 6Mh. Where is 50 of power?
Please append some unique ids to your mining addresses, like ADDRESS.SERVER1, ADDRESS.SERVER2 and so on to get better vardiff and hashrate utilizaition.
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August 04, 2014, 07:26:28 PM
 #1002

Reduce the amount of coins or this will end up like Dogecoin.




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August 04, 2014, 07:46:50 PM
 #1003

Any pools not listed?
1GH seems to be the only one running right now.
And there is a problem with 1GH. When I put on it 400KH - it shows 400KH, but when I put on it 12 Mh it shows 6Mh. Where is 50 of power?
Please append some unique ids to your mining addresses, like ADDRESS.SERVER1, ADDRESS.SERVER2 and so on to get better vardiff and hashrate utilizaition.

Even with just 1 400KH miner, it's maxing out at around 250KH on the pool.
What miner did you use to get a solid 400KH on the pool might I ask?
I'm using the pool's Linux one compiled from github.

Datacenter Technician and Electrician
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August 04, 2014, 08:09:11 PM
 #1004

You should make the coin distribution more clear to understand. Most people seem to think that all 1.8billion coins will exist in the next couple weeks or so when that is not true.
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August 04, 2014, 08:14:32 PM
 #1005

You should make the coin distribution more clear to understand. Most people seem to think that all 1.8billion coins will exist in the next couple weeks or so when that is not true.

Agree, this delutes the value
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August 04, 2014, 08:44:01 PM
 #1006

What people don't understand is that the total number of coins is actually irreverent. (except when its unlimited)

It doesn't matter if there are 10 coins or 10 billion coins. What really matter is the PERCENTAGE of coins you own relative to everyone else. If there's only 10 coins but I own 1 coin, I'd own 10% of the entire supply. If there are 10 billion coins but I own 10 million coins, then I'd only have 0.1% of the entire supply. The number of coins is nothing but a shift in the decimal place, but don't really affect what's really important, and that is the relative amount you own as a percentage of the total supply.
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August 04, 2014, 08:45:24 PM
 #1007

What people don't understand is that the total number of coins is actually irreverent. (except when its unlimited)

It doesn't matter if there are 10 coins or 10 billion coins. What really matter is the PERCENTAGE of coins you own relative to everyone else. If there's only 10 coins but I own 1 coin, I'd own 10% of the entire supply. If there are 10 billion coins but I own 10 million coins, then I'd only have 0.1% of the entire supply. The number of coins is nothing but a shift in the decimal place, but don't really affect what's really important, and that is the relative amount you own as a percentage of the total supply.

Yes, but this has to be made more obvious to 95% of the crypto community because everyone is looking for short term PoW coins to pump and dump.
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August 04, 2014, 08:47:28 PM
 #1008

Only around 3.3 Million coins in circulation. This actually has some innovation for a change, very interesting.

...
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August 04, 2014, 08:50:08 PM
 #1009

What people don't understand is that the total number of coins is actually irreverent. (except when its unlimited)

It doesn't matter if there are 10 coins or 10 billion coins. What really matter is the PERCENTAGE of coins you own relative to everyone else. If there's only 10 coins but I own 1 coin, I'd own 10% of the entire supply. If there are 10 billion coins but I own 10 million coins, then I'd only have 0.1% of the entire supply. The number of coins is nothing but a shift in the decimal place, but don't really affect what's really important, and that is the relative amount you own as a percentage of the total supply.

+1

What is different about this coin is the 10 year mining cycle. There will be more inflation for a longer period of time than any other coin I can think of. I'm not saying that is bad, just different.

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August 04, 2014, 09:28:38 PM
 #1010

Miner dream and investor nightmare.




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//A GREEN, SMART AND CONNECTED CITY PLATFORM
   ● ▬▬ ● ▬▬▬▬ ● ▬▬▬▬ ●  MEDIUM | REDDIT | FACEBOOK | TELEGRAM | TWITTER | YOUTUBE | ANNOUNCEMENT   

   W P 

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August 04, 2014, 09:53:58 PM
 #1011

Miner dream and investor nightmare.
haha true history, miners sell, investor lose money.
Too many coins...

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August 04, 2014, 09:54:36 PM
 #1012

why do people keep whining about the amount of coins..... it takes a fucking year to reach blackcoins coins and for the pump it wont even fucking matter only 3.3 atm

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August 04, 2014, 09:55:48 PM
 #1013

Buy0.00009000 6329.156   0.56962

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August 04, 2014, 10:28:29 PM
 #1014

Who has a working cryptonite.conf file? I need to sync my wallet but 0 connections.
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August 04, 2014, 10:29:36 PM
 #1015

Who has a working cryptonite.conf file? I need to sync my wallet but 0 connections.
enter 'addnode seed.gpile.it onetry' in console several times.
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August 04, 2014, 10:33:21 PM
 #1016

Who has a working cryptonite.conf file? I need to sync my wallet but 0 connections.
Code:
addnode=108.61.198.119
addnode=108.61.199.81
addnode=108.61.199.112
addnode=49.69.151.15:8253
addnode=91.147.186.68:8253
addnode=183.129.171.156:8253
addnode=210.64.51.11:8253
addnode=125.115.65.192:8253
addnode=83.212.114.217:8253
addnode=58.220.3.208:8253
addnode=106.120.221.254:8253
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August 04, 2014, 10:46:42 PM
 #1017

Can somebody fork this and start a coin that actually mines a more reasonable supply that makes investors happy?
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August 04, 2014, 11:28:25 PM
 #1018



Can dev put a graph out, where I can see how much new coins will be mined per day/month/year.

That´s the biggest problem, that keeps me out buying. I will not buy a coin, when the supply doubles in a couple of days.

And just to say it´s not, it takes 10 years etc. doesn´t help me to decide.

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August 04, 2014, 11:33:36 PM
 #1019



Can dev put a graph out, where I can see how much new coins will be mined per day/month/year.

That´s the biggest problem, that keeps me out buying. I will not buy a coin, when the supply doubles in a couple of days.

And just to say it´s not, it takes 10 years etc. doesn´t help me to decide.

i think XCN is a really promising coin, but another thing to keep an eye on is distribution - due to some early miners throwing massive hashes at it, I think XCN is concentrated in a few large holders.

NEM, LSK, STRAT
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August 04, 2014, 11:38:19 PM
 #1020



Can dev put a graph out, where I can see how much new coins will be mined per day/month/year.

That´s the biggest problem, that keeps me out buying. I will not buy a coin, when the supply doubles in a couple of days.

And just to say it´s not, it takes 10 years etc. doesn´t help me to decide.

i think XCN is a really promising coin, but another thing to keep an eye on is distribution - due to some early miners throwing massive hashes at it, I think XCN is concentrated in a few large holders.

This coin wasted itself in first 4 hours of existence. It's a GPU ambush. Pretty common scam nowdays, release a "cpu" coin, with a gpu miner ready at launch. Nice idea about minichains though. Wait for a clean release of it.
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