[ANN] Jumbucks - Fair Launch - NO IPO - NO PREMINE - $JBS - Multipool - 5+ Stars POD

[boxxa]

Difficulty is high man, i'm renting 80 mh/s and it's about 6k coins a day, try renting at least 40-50 mh/s

How do you know it's high?  Where do you see this?

In the client and ya, that explains it. Its SCRYPT so ASICs are going to murder your CPU mining, even GPU. If you go into the debug console of the wallet and type getinfo you will see difficulty. Diff has been in the 50-100 range lately so you can get a few decent payouts with about 50-100 MHs rigs but yea, SCRYPT got rented a ton these last few days.

Pool 2 is now the largest outside of the PoS blocks so you are slowly accumulating. Best bet is to rent a miner, do the same address and you will start getting paid when those blocks mature.

[hokus_pokus]

Difficulty is high man, i'm renting 80 mh/s and it's about 6k coins a day, try renting at least 40-50 mh/s

How do you know it's high?  Where do you see this?

I try to always be higher than the height of difficulty...but that's been kind of difficult in this cult

[ChuckBenders]

In the client and ya, that explains it. Its SCRYPT so ASICs are going to murder your CPU mining, even GPU. If you go into the debug console of the wallet and type getinfo you will see difficulty. Diff has been in the 50-100 range lately so you can get a few decent payouts with about 50-100 MHs rigs but yea, SCRYPT got rented a ton these last few days.

Pool 2 is now the largest outside of the PoS blocks so you are slowly accumulating. Best bet is to rent a miner, do the same address and you will start getting paid when those blocks mature.

Thanks, I really appreciate you taking the time to clear this up for me, sorry for my dumb complaints!   I'm trying to pay no more than 0.5 BTC/Gh/day.  I'm renting multiple rigs now.

Using getinfo looks like difficulty is really high now:
"difficulty" : {
"proof-of-work" : 147.79379118,
"proof-of-stake" : 0.00086317
},

[ChuckBenders]

I try to always be higher than the height of difficulty...but that's been kind of difficult in this cult

Does that mean that if I don't use enough mining power I could end up spinning my wheels and not get any coins at all?

I was assuming that your return is generally proportional to the amount of resources you can allocate to mining, or is that not the case?

[boxxa]

I try to always be higher than the height of difficulty...but that's been kind of difficult in this cult

Does that mean that if I don't use enough mining power I could end up spinning my wheels and not get any coins at all?

I was assuming that your return is generally proportional to the amount of resources you can allocate to mining, or is that not the case?

Correct. You will probably waste more power than you will get back mining on anything than ASICs and a GPU farm. We have a unique situation here where we do not see any value of the coins yet so you are investing essentially in mining power in anticipation for a return but if you are mining very small JBS on your own hardware, you are really wasting power and not seeing any benefit on the cost -> JBS ratio.

I would suggest you rent a rig if you want to build some mining power up and use that to mine JBS. Once you get some, you then can just stake and earn coins for holding the ones you mine.

[ChuckBenders]

I would suggest you rent a rig if you want to build some mining power up and use that to mine JBS. Once you get some, you then can just stake and earn coins for holding the ones you mine.

Yeah that's what I'm doing, just waiting for reasonably priced rigs to become available, I've rented 3 so far, 24 hours each, total 23.7 Mh/s

[boxxa]

Ya that is also a problem. As soon as this coin came out, it got flooded and everything was rented. Haha

[jyap]

Details of a small and fun CoinmarketsCoin competition will be announced soon. Follow @Nuseii on Twitter for upcoming details.

[ChuckBenders]

finally got some $JBS in my wallet!  I'm running 109.7 Mh/s now

[chisefu]

finally got some $JBS in my wallet!  I'm running 109.7 Mh/s now

110mh/s will get you some good coins right now.  Once the coin has a price value attached to it on an exchange, hoardes of hash may hit it and that's when you'll see your mining rewards go down.

[boxxa]

finally got some $JBS in my wallet!  I'm running 109.7 Mh/s now

110mh/s will get you some good coins right now.  Once the coin has a price value attached to it on an exchange, hoardes of hash may hit it and that's when you'll see your mining rewards go down.

Saw the first multipool enter today. Surged difficulty and left.

[ChuckBenders]

finally got some $JBS in my wallet!  I'm running 109.7 Mh/s now

110mh/s will get you some good coins right now.  Once the coin has a price value attached to it on an exchange, hoardes of hash may hit it and that's when you'll see your mining rewards go down.

Saw the first multipool enter today. Surged difficulty and left.

yikes! I have more rigs now, though finding that less expensive ones don't perform as promised 

[mybabyin]

I have send emails to c-cex and bittrex.Hope they can add CoinmarketsCoin.

[bitcoinbboyce]

I have send emails to c-cex and bittrex.Hope they can add CoinmarketsCoin.

[jyap]

Hi all,

Some updates.

We are looking to be listed on exchanges at block 10,000.  Please not a block sooner.  If you are tweeting exchanges on Twitter, please use hash tag: #10kPanicList4JBS

I've also been a fan of the volunteer service that @CryptoAsian provides with the Proof of Developer program.  @CryptoAsian is a busy guy and has mentioned that he gets a lot of requests.  Please show your support by requesting that @CryptoAsian consider me for this program.  You can either tweet him directly or retweet this tweet: https://twitter.com/jyap/status/508096756278910976

I'd like to outline that this is not a coin that I have done on my own.  I have asked for opinions and discussed many items with other people along the way and will continue to do so.  Many people have also helped me along the way and will continue to do so.

Having said that, I have asked 3 individuals who I have worked with in the past to serve as "backup developers".  They can also be considered "consultants" who I can turn to for technical issues and so forth.  They are NOT officially on the development team but are in the position where they can take over should some unforeseen circumstance arise.  Since they are not official developers they have no obligation to contribute whatsoever to the coin and may work on other coin projects freely.

Here are the 3 individuals:
 - @boxxa - AKA boxxa on BitcoinTalk
 - @cryptogir
 - @jemredin

Another thing I'd like to mention is that I will NOT be soliciting any "pump and dump" groups for this coin.  Once the coin hits exchanges, how it trades it largely out of my control and influence.

My primary goal is for the LONGEVITY of the coin which includes:
 - Encouraging a healthy proof of stake network
 - Developments and projects for real world use
 - Forming partnerships with real life entities and other coins where appropriate
 - The list goes on...

Have fun and thank you for your support,

- Julian

[RubixRex]

lolwut

[bitcoinbboyce]

LOL only 9 pages on this thread, Give it up jyap, no one wants your scam coin. Go back to fudding other coins and hyping the next anon scam to n00bs on your tweeterz, it's the only thing #coinmarkets is good for, Bryce's coins is proof you guys can't build real wealth, only steal it.

[boxxa]

100 blocks left until #10kPanicList4JBS starts on twitter

[Pizpie]

We live in an age where having ' NO IPO /  NO PREMINE ' is used for positive advertisement.
That says a lot about this stage in crypto.
Oh my.
Best of luck because #coinmarkets brings laughter to many.

[boxxa]

Wow twitter just blew up on this.