[ANN] MonetaryUnit [MUE] - POS. MasterNodes. Funding. Governance. Services. Devs

[bhokor]

Wow the design is really nice, perhaps a little more info about the Mue project in the front page would have more  engagement, but really you have the right design, congratulations

[bizzyb]

Dear all, please update your MUE wallets asap to 1.0.10.7 if not already done.
https://github.com/MonetaryUnit/MUE-Src/releases/tag/v1.0.10.7
Thank you

The new wallet works great on my current Windows 10 setup. I like how MonetaryUnit is going in terms of development and community, but sometimes I wonder why the price is so low? Maybe next year would be a very bright one for MUE and perhaps there would be an increase in price and demand. I have also noticed that there has been low trading volume is exchanges such as Bittrex and Bleutrade (you can check it out on Coinmarketcap) For now, it is best to buy MUE as they are dirt cheap now. It could be a great way to profit once price goes all the way to the moon!  

By the way, I would like to announce that there will be a brand new MonetaryUnit Cloud Mining Service where you can mine MUE with custom built GPU mining rigs and more. I have been working on the site over the last few days and I'm hoping to have it ready before new year.

After the site is set up, there will be a crowdfunding in order to establish all the necessary equipment for mining. Donators would get the chance to receive discounts on mining hashpower, as well as be eligible to receive 3 months of free cloud mining.

Here is the preview of the upcoming MUE Cloud mining service:

Please let me know what you guys think!  

Nice work man!
This is one of the many things I love about crypto.
If you like a project, ANYONE can just go ahead and make services that add value to that coin.
This is a reminder to all of you, MUE is cheap right now, and we have LOTS of projects in the pipeline not least www.CoinPon.com
We also have a big announcement about another project which I have been asked to be quiet about, but it's very cool

Thanks Abiky for stepping up and making the effort to add value to MonetaryUnit.

[crackfoo]

Dear all, please update your MUE wallets asap to 1.0.10.7 if not already done.
https://github.com/MonetaryUnit/MUE-Src/releases/tag/v1.0.10.7
Thank you

We've updated our pool to the latest version: www.zpool.ca

Cheers!

[Abiky]

I have been busy working with a few things related to the Cloud Mining service that I'm working on. I'm still adding some touches, and hopefully expect to have the site finished before new year.

In the meantime, get your MonetaryUnit T-Shirts today! Funds raised from T-shirts campaign will be used for mining equipment, and other stuff related for the Cloud Mining service. Reserve yours now at: https://www.teezily.com/mue-tshirt-2015

[bizzyb]

I have been busy working with a few things related to the Cloud Mining service that I'm working on. I'm still adding some touches, and hopefully expect to have the site finished before new year.

In the meantime, get your MonetaryUnit T-Shirts today! Funds raised from T-shirts campaign will be used for mining equipment, and other stuff related for the Cloud Mining service. Reserve yours now at: https://www.teezily.com/mue-tshirt-2015

Great to have you on board and so positive about this project, it's really appreciated.
I will definitely arrange MUE bounties for you in the future as these projects develop.

I think the T-shirts look really nice, thanks for setting that up, though may be only a very niche demand for those, but thank you none the less.

[bizzyb]

Happy holidays everyone

[roslinpl]

Happy holidays everyone

Thank you Bizzyb!!

And best wishes for you! And for everyone here! Wish you happiest holidays ever


Best regards.

[upgradeadvice]

Got someone a present




Solo mining MonetaryUnit is now possible with on sgminer using the MonetaryUnit GBT fork. Special thanks to wolf9466 for consistently good work on sgminer and other projects.

Clone our fork @ https://github.com/MonetaryUnit/sgminer and compile it using the directions found in README.md. Official binary packages for Windows will be made available in the near future.

In this example, I am solo mining to my own MonetaryUnit daemon running on my pi2, rather than a stratum pool.

Code:

./sgminer -k quarkcoin -o http://raspberrypi:29947 -u monetaryunitrpc -p supersecurepasswd --mue-address <youraddress>  

Please report MUE-specific isssues @ https://github.com/MonetaryUnit/sgminer/issues

[bhokor]

Got someone a present




Solo mining MonetaryUnit is now possible with on sgminer using the MonetaryUnit GBT fork. Special thanks to wolf9466 for consistently good work on sgminer and other projects.

Clone our fork @ https://github.com/MonetaryUnit/sgminer and compile it using the directions found in README.md. Official binary packages for Windows will be made available in the near future.

In this example, I am solo mining to my own MonetaryUnit daemon running on my pi2, rather than a stratum pool.

Code:

./sgminer -k quarkcoin -o http://raspberrypi:29947 -u monetaryunitrpc -p supersecurepasswd --mue-address <youraddress>  

Please report MUE-specific isssues @ https://github.com/MonetaryUnit/sgminer/issues

Wow nice the development of MUE still continues, community is growing, now we only need some improvement in price, i wish we will have it in 2016, we need the MUE at 1000 satoshis

[Abiky]

I have been busy working with a few things related to the Cloud Mining service that I'm working on. I'm still adding some touches, and hopefully expect to have the site finished before new year.

In the meantime, get your MonetaryUnit T-Shirts today! Funds raised from T-shirts campaign will be used for mining equipment, and other stuff related for the Cloud Mining service. Reserve yours now at: https://www.teezily.com/mue-tshirt-2015

Great to have you on board and so positive about this project, it's really appreciated.
I will definitely arrange MUE bounties for you in the future as these projects develop.

I think the T-shirts look really nice, thanks for setting that up, though may be only a very niche demand for those, but thank you none the less.

Thanks for your feedback. Even if I still don't reach the goal of 75 T-shirt reservations, I will find other ways to raise funds and help MUE project grow. There is still a lot to be done on the Cloud Mining Site that I am working on, but I have finally came up with a logo that would fit the current design.

Here is the updated screenshot with the new MUECloud logo:

Wow nice the development of MUE still continues, community is growing, now we only need some improvement in price, i wish we will have it in 2016, we need the MUE at 1000 satoshis

I also wish that too. If MUE could increase in price and market cap, then bright things will come up for this crypto currency. I have just contacted one of the staff of the Gambling site on my signature for a request to add MUE, but I just received a reply saying that if MUE increases its marketcap over 200k$, as well as daily volume, then they would add it as an accepted form of payment.

In the meantime, I am working on a few things to help achieve this. There will be new things coming along for new year and here is a sneak peak of what will come:

1. Ability to purchase MUE lottery tickets and win prizes! (mostly a huge bounty in MUE or BTC)

2. Ability to purchase MUE with your credit/debit card.

3. MUECloud Cloud Mining Service

4. MUEbay - Purchase anything from ebay or Amazon with your MUE.

5. And more....


And just in case you are interested, go get your MonetaryUnit T-shirts today and show your support! Get them here: https://www.teezily.com/mue-tshirt-2015


I would also like to know your comments and/or suggestions about MUECloud or the other things that I have proposed. Wish you a Merry Christmas and a happy new year! 

[bizzyb]

2 MILLION MUE BOUNTY !!!!*

Dear all, we have pretty much managed to tweak our MMM (Mue Mini Miner) based on the rpi.
It's a cute little 7kh MUE miner we are planning on selling for $99.99 (in the near future).

The thing that is STILL on my to do list is the "MUE Cube".

I want to base it on this little beauty (other suggestions welcome)
Gigabyte Brix

I have tried to get it up and running using http://www.getpimp.org/ with no success.

So, that's the challenge.
Can you get the MUE cube up and running as a nice "plug and play" miner.

Ideally just running off a USB stick for people (like me) that are in between being noobs and hardcore geeks.

I'm an ideas person, not very very technical (though I have an understanding) hence putting this out there in the public domain.

So, any help and solutions would be greatly received

Thanks very much

*The bounty will be paid to a single person for a single complete solution of a plug and play MUE miner and providing the image file for replication for more machines.

You can't just run sgminer on it?

Not tried but I'll give it a go.

[bizzyb]

I have been busy working with a few things related to the Cloud Mining service that I'm working on. I'm still adding some touches, and hopefully expect to have the site finished before new year.

In the meantime, get your MonetaryUnit T-Shirts today! Funds raised from T-shirts campaign will be used for mining equipment, and other stuff related for the Cloud Mining service. Reserve yours now at: https://www.teezily.com/mue-tshirt-2015

Great to have you on board and so positive about this project, it's really appreciated.
I will definitely arrange MUE bounties for you in the future as these projects develop.

I think the T-shirts look really nice, thanks for setting that up, though may be only a very niche demand for those, but thank you none the less.

Thanks for your feedback. Even if I still don't reach the goal of 75 T-shirt reservations, I will find other ways to raise funds and help MUE project grow. There is still a lot to be done on the Cloud Mining Site that I am working on, but I have finally came up with a logo that would fit the current design.

Here is the updated screenshot with the new MUECloud logo:

Wow nice the development of MUE still continues, community is growing, now we only need some improvement in price, i wish we will have it in 2016, we need the MUE at 1000 satoshis

I also wish that too. If MUE could increase in price and market cap, then bright things will come up for this crypto currency. I have just contacted one of the staff of the Gambling site on my signature for a request to add MUE, but I just received a reply saying that if MUE increases its marketcap over 200k$, as well as daily volume, then they would add it as an accepted form of payment.

In the meantime, I am working on a few things to help achieve this. There will be new things coming along for new year and here is a sneak peak of what will come:

1. Ability to purchase MUE lottery tickets and win prizes! (mostly a huge bounty in MUE or BTC)

2. Ability to purchase MUE with your credit/debit card.

3. MUECloud Cloud Mining Service

4. MUEbay - Purchase anything from ebay or Amazon with your MUE.

5. And more....


And just in case you are interested, go get your MonetaryUnit T-shirts today and show your support! Get them here: https://www.teezily.com/mue-tshirt-2015


I would also like to know your comments and/or suggestions about MUECloud or the other things that I have proposed. Wish you a Merry Christmas and a happy new year! 

Logo looks nice, good change.

I think if you manage to achieve just 1 of these things then you've achieved a lot and there will be a significant bounty coming your way

[Abiky]

Logo looks nice, good change.

I think if you manage to achieve just 1 of these things then you've achieved a lot and there will be a significant bounty coming your way

Hey thanks for your positive feedback about the things that I have been working on to support the MUE project. Sometimes I wonder why this thread is kept mostly quiet with almost no replies after a few days, but I guess it is because we are in the season of Xmas.

Anyways, I would like to announce that the MUECloud mining site is nearly complete. Only a few final touches and it will be ready to begin with the operation.

You can take a look at it by going to: http://muecloud.xyz

In the meantime, I will continue to work on it as well as the other upcoming features that I will be bringing into MUE. Hope to see MUE community grow  as it has been a couple of days since there hasn't been any new reply from members (with the exception of devs/staff) 


@bizzyb Is the MUEBank still working? I just sent a message via the contact form a couple of days ago, but I haven't received a response yet. 

[bizzyb]

Logo looks nice, good change.

I think if you manage to achieve just 1 of these things then you've achieved a lot and there will be a significant bounty coming your way

Hey thanks for your positive feedback about the things that I have been working on to support the MUE project. Sometimes I wonder why this thread is kept mostly quiet with almost no replies after a few days, but I guess it is because we are in the season of Xmas.

Anyways, I would like to announce that the MUECloud mining site is nearly complete. Only a few final touches and it will be ready to begin with the operation.

You can take a look at it by going to: http://muecloud.xyz

In the meantime, I will continue to work on it as well as the other upcoming features that I will be bringing into MUE. Hope to see MUE community grow  as it has been a couple of days since there hasn't been any new reply from members (with the exception of devs/staff) 


@bizzyb Is the MUEBank still working? I just sent a message via the contact form a couple of days ago, but I haven't received a response yet. 

Site is looking good, very excited to see this project become a success.

MUEBank is alive and well and managed by Hoosen, he's probably been away having fun, but I'm sure he'll get back to you, unless there have been any technical issues with e-mail etc.
I'll drop him a message.

[Abiky]

Site is looking good, very excited to see this project become a success.

MUEBank is alive and well and managed by Hoosen, he's probably been away having fun, but I'm sure he'll get back to you, unless there have been any technical issues with e-mail etc.
I'll drop him a message.

That is good news because I'm going to start making my first deposit on the MUEBank. Still there are a few things things to be done on the cloud mining site, but I think I will have it ready because the end of the year. Next thing that I will be working on would be the MUELotto which will occur on January next year. 

I think we need more people into the MUE community as there is not much activity here on the thread, whereas other alts have frequent discussions. Maybe more advertising and marketing is needing perhaps? 

[upgradeadvice]

Site is looking good, very excited to see this project become a success.

MUEBank is alive and well and managed by Hoosen, he's probably been away having fun, but I'm sure he'll get back to you, unless there have been any technical issues with e-mail etc.
I'll drop him a message.

That is good news because I'm going to start making my first deposit on the MUEBank. Still there are a few things things to be done on the cloud mining site, but I think I will have it ready because the end of the year. Next thing that I will be working on would be the MUELotto which will occur on January next year. 

I think we need more people into the MUE community as there is not much activity here on the thread, whereas other alts have frequent discussions. Maybe more advertising and marketing is needing perhaps? 

More bugs == More "activity"

Now that we have most of them fixed, people have less reason to come here to complain... at least that's what I like to think

[bizzyb]

I've added a "cute" ribbon on www.MonetaryUnit.org and added some posts with some of the latest updates from UpgradeAdvice.

Also, please take the time to subscribe to our e-mail newsletter, also available on the website on the right hand side
http://www.monetaryunit.org/blog/

Currently our official forum www.MUE.club is down, we're checking why.
We "may" wind it down and direct any discussion here (not least to save some money!).
I think until we have a significant community we probably don't need a dedicated forum just yet?
We've redirected the domain to MUE.club to this thread.

@Abiky I totally agree, and I wish I had the time and money to dedicate to more PR.
Hopefully by building & growing services, and showing the crypto community what we're about then things will continue to grow.
I'm not going anywhere for sure

[bizzyb]

Hi all, I've approached two exchanges about this and no one wants to take it forward, "so far".
Please have a read and please approach or advise which exchange may be worth contacting.
I've so far tried Bleutrade & Banx.io

MUE savings and loans hosted on "an exchange"
 
Currently MonetaryUnit offers a savings account called MUEbank - http://bank.muecentral.com/
This offers 10%APR interest rate on deposited MUE and has a 28 day withdrawal notification period.
The benefit is that MUE holders can get the benefits of a POS interest return on a POW coin and it allows them to reduce the affect of inflation on their holdings.
A table of the reducing inflation rate is available here http://www.monetaryunit.org/muestuff/slowing-inflation-rate-of-monetaryunit/
MUEBank is a completely manual process, which while manageable at the moment, is still a pain.
The benefit to MUE is it offers a service to its community, and also helps reduce the liquidity in the market place.
The disadvantage of the savings account is that the interest has to be paid from our own holdings.
 
To mitigate this, we want to offer some of the traditional banking services that people know and love, and the second part is the loans facility, whereby MUE holders can deposit their MUE into their MUE loans account, and be offered a BTC loan using their MUE as collateral.  My gut feeling is that the BTC loan would be 50% of the current market value of their MUE when it is deposited.
I think perhaps we have 3 terms. 1 month @ 5%, 2 months @ 10% , 3 months @ 15%.
Once up and running this will allow the savings offering to be self sustaining, and also generate profit.
 
This is hopefully where it can get interesting for "an exchange" & MUE.

Lets say for arguments sake, that the revenue generated by the BTC loans is split 50/50 exchange/MUE.
So the exchange can do whatever it wants with its portion of the revenue = win for exchange.

The other portion of the revenue for MUE is AUTOMATICALLY put into buy support for MUE which tops up the MUE account on the exchange that pays the interest to the savings offering, again, this is a win for the exchange as it keeps the coins re-circulating there and increases volume of trade in that exchange.
It will also give the exchange a fantastic USP to market against as I am not aware anyone else is offering what I'm suggesting.

Ideally the exchange would only offer these services just for MUE, however I also understand that being able to use MUE as a test bed could be invaluable to offer the same services for other coins.
The benefit to MUE obviously is being able to offer sensible, fair automated financial instruments people can understand and are familiar with, which gives us exposure as a crypto project, but also of course, means that the re-invested BTC generated from the BTC loans will increase the MUE price.
It also means we don't have to be worried about having to set up an legal entity in a crypto friendly jurisdiction, as it will be managed by the exchange.
 
So there are a few things we would have to do.
1) Provide the exchange with MUE to fund the wallet that pays the interest in MUE savings.
2) Provide the exchange with BTC with which to fund the wallet that will pay out the BTC for the MUE loans.
3) There would have to be a facility that will "drip sell" MUE on any defaulted loans
4) Users will have to have as part of their exchange login, a simple to understand "banking" facility.
5) Show the liquidity funds of both MUE and BTC wallets being used to fund the services.
 
Initially I think we would have to be cautious and on launch limit both the number of users who are able to open accounts, but also limit the amounts that can be deposited into the savings account or BTC borrowed against their MUE collateral.
Also, as we move forward with it, it would be great to be able to activate promotional rates and offers etc.

Also instead of only offering people BTC loans against their MUE collateral you could offer them ANY coin as a loan which would work by using the BTC in the loans wallet to buy the coin they want to borrow, once again increasing volume on the exchange.

[Abiky]

Hi all, I've approached two exchanges about this and no one wants to take it forward, "so far".
Please have a read and please approach or advise which exchange may be worth contacting.
I've so far tried Bleutrade & Banx.io

MUE savings and loans hosted on "an exchange"
 
Currently MonetaryUnit offers a savings account called MUEbank - http://bank.muecentral.com/
This offers 10%APR interest rate on deposited MUE and has a 28 day withdrawal notification period.
The benefit is that MUE holders can get the benefits of a POS interest return on a POW coin and it allows them to reduce the affect of inflation on their holdings.
A table of the reducing inflation rate is available here http://www.monetaryunit.org/muestuff/slowing-inflation-rate-of-monetaryunit/
MUEBank is a completely manual process, which while manageable at the moment, is still a pain.
The benefit to MUE is it offers a service to its community, and also helps reduce the liquidity in the market place.
The disadvantage of the savings account is that the interest has to be paid from our own holdings.
 
To mitigate this, we want to offer some of the traditional banking services that people know and love, and the second part is the loans facility, whereby MUE holders can deposit their MUE into their MUE loans account, and be offered a BTC loan using their MUE as collateral.  My gut feeling is that the BTC loan would be 50% of the current market value of their MUE when it is deposited.
I think perhaps we have 3 terms. 1 month @ 5%, 2 months @ 10% , 3 months @ 15%.
Once up and running this will allow the savings offering to be self sustaining, and also generate profit.
 
This is hopefully where it can get interesting for "an exchange" & MUE.

Lets say for arguments sake, that the revenue generated by the BTC loans is split 50/50 exchange/MUE.
So the exchange can do whatever it wants with its portion of the revenue = win for exchange.

The other portion of the revenue for MUE is AUTOMATICALLY put into buy support for MUE which tops up the MUE account on the exchange that pays the interest to the savings offering, again, this is a win for the exchange as it keeps the coins re-circulating there and increases volume of trade in that exchange.
It will also give the exchange a fantastic USP to market against as I am not aware anyone else is offering what I'm suggesting.

Ideally the exchange would only offer these services just for MUE, however I also understand that being able to use MUE as a test bed could be invaluable to offer the same services for other coins.
The benefit to MUE obviously is being able to offer sensible, fair automated financial instruments people can understand and are familiar with, which gives us exposure as a crypto project, but also of course, means that the re-invested BTC generated from the BTC loans will increase the MUE price.
It also means we don't have to be worried about having to set up an legal entity in a crypto friendly jurisdiction, as it will be managed by the exchange.
 
So there are a few things we would have to do.
1) Provide the exchange with MUE to fund the wallet that pays the interest in MUE savings.
2) Provide the exchange with BTC with which to fund the wallet that will pay out the BTC for the MUE loans.
3) There would have to be a facility that will "drip sell" MUE on any defaulted loans
4) Users will have to have as part of their exchange login, a simple to understand "banking" facility.
5) Show the liquidity funds of both MUE and BTC wallets being used to fund the services.
 
Initially I think we would have to be cautious and on launch limit both the number of users who are able to open accounts, but also limit the amounts that can be deposited into the savings account or BTC borrowed against their MUE collateral.
Also, as we move forward with it, it would be great to be able to activate promotional rates and offers etc.

Also instead of only offering people BTC loans against their MUE collateral you could offer them ANY coin as a loan which would work by using the BTC in the loans wallet to buy the coin they want to borrow, once again increasing volume on the exchange.

Now this is certainly good stuff for the MUE project. I was thinking about the MUE loans a few days ago and also thought if Poloniex would be a good exchange for MUE as they offer you the ability to lend your coins and maybe this could be achieved with MUE. What you have stated here is an excellent idea. 

Now I am working on making the MUELotto site which will consist of the ability and buy MUE lottery tickets with BTC or MUE and the winner shall be announced every 30th day of every month. Prizes would consist of huge MUE or BTC bounty (winner's choice) 

[bizzyb]

Now this is certainly good stuff for the MUE project. I was thinking about the MUE loans a few days ago and also thought if Poloniex would be a good exchange for MUE as they offer you the ability to lend your coins and maybe this could be achieved with MUE. What you have stated here is an excellent idea. 

Now I am working on making the MUELotto site which will consist of the ability and buy MUE lottery tickets with BTC or MUE and the winner shall be announced every 30th day of every month. Prizes would consist of huge MUE or BTC bounty (winner's choice) 

We did try this a while back
http://www.bitcoinprizedraw.com/
While we didn't have huge success (due to time and fund constraints) it definitely has potential.

Just checked Polo, looks they they are dabbling with offering 3rd party loans, so I've dropped them a feature request message to see if they would consider working with us.
Thanks for the heads up.