[ANN][GAW-Miners][XPY] Paycoin ( 40 Phash )

[manfred87]

surprisingly nobody seems to be talking about this here.. there is a new coin since 36 hours.. let's talk here only about the mineable coin itself.. paycoin and gaw is a topic itself ( https://bitcointalk.org/index.php?topic=857670 ) so let's collect the facts:


Name   Paycoin
Symbol / Tag   XPY
Website   https://paycoin.com/
Github / Source Code   https://github.com/GAWMiners/paycoin
Forum   https://hashtalk.org/
Client Version   v0.1.2.0-ge3c013c
Get Info RPC
Version: v0.1.2.10-ge3c013c
Protocol Version: 60004
Wallet Version: 60000
Hash Algorithm   SHA-256
Proof-of-Work Scheme   Proof-of-Work/Proof-of-Stake
Coins to be Issued   12,500,000
Block Time   1.00 minute(s)
Block Reward   49.00 coins
Difficulty Retarget   1 blocks

• not to be confused with [PYC] Paycoin, https://bitcointalk.org/index.php?topic=268941.0
• Pre-Mine 12,000,000  = 96% ( https://hashtalk.org/topic/22975/initial-paycoins-of-12m )
• gigantic ponzi-scheme.. but if you get in early enough, you can probably profit
• first coins were sold to private investors for 8 USD
• actual price is around 10 USD ( https://coin-swap.net/market/XPY/BTC )
• coins will be publicly sold on paycoin.com for 20 USD
• market cap would be #3 , just behind bitcoin and ripple
• mining went crazy the last 36 hours, on nicehash hashrate costs 10x value of btc mining.. we are at 40 PHash now...

so do you think it's worth participating?

[manfred87]

they won't.
they have thier own forum https://hashtalk.org/ , where they delete unwanted posts...

[notsofast]

I didn't get in early, so I'm not getting in now.

[tokyopotato]

Unofficial Discussion could be added to thread title... as for XPY?  I think it's just down-right fucked up they used Paycoin when a Paycoin has existed since like Aug of 2013

[Efelts01]

I just hope it stays at $20 long enough for me to dump what I have. 

[hazenyc]

The difficulty on this is super erratic and not matching up much with the hashpower directed at it.. Anybody have any ideas what's going on with that?

[tomewok]

The difficulty on this is super erratic and not matching up much with the hashpower directed at it.. Anybody have any ideas what's going on with that?

Difficulty retargeting is each block, when a block is solved fast due to high luck the diff goes way up, this is what cause the huge swings in difficulty.

[Stargazer]

they won't.
they have thier own forum https://hashtalk.org/ , where they delete unwanted posts...

Their forum is moderated, just like any real forum should be. Your announcement is in fact biased, because of this:
"gigantic ponzi-scheme.. but if you get in early enough, you can probably profit"

This is your personal opinion not a fact aboult XPY, so this has nothing to do with an actual [ANN].

Well, it's up to the coins owners to announce their coins launch imo.

Exactly!

[tylerderden]

all i know is i was on their "official" pool with several ths and got no coins. so fuck gaw and their stupid ass coin.

[tomewok]

all i know is i was on their "official" pool with several ths and got no coins. so fuck gaw and their stupid ass coin.

It seem that a payout bug occured, they're reconciling the payout manually and it should take some time, contact GAW support if you didn't received yours.

[hazenyc]

The difficulty on this is super erratic and not matching up much with the hashpower directed at it.. Anybody have any ideas what's going on with that?

Difficulty retargeting is each block, when a block is solved fast due to high luck the diff goes way up, this is what cause the huge swings in difficulty.

understood, my issue is the difficulty seems persistently too LOW.

[semajjames]

why do i get loads of HW errors and rejects when using sgminer and   "algorithm" : "psw",


cheers

[wargo]

why do i get loads of HW errors and rejects when using sgminer and   "algorithm" : "psw",


cheers

I think this algorithm(s) are for scrypt. Use cgminer.

[ob1100]

New Pool Created  PayCoin XPY  @ http://www.raq2.com

Point your miner to stratum+tcp://raq2.com:8015  and use your XPY coin wallet address as your username, any password will do.
 
NO FEES 0%

[semajjames]

why do i get loads of HW errors and rejects when using sgminer and   "algorithm" : "psw",


cheers

I think this algorithm(s) are for scrypt. Use cgminer.

Thanks that works better but i have no accepts ,,,, is that just because there is high network Gh/s

[bitdigger2013]

New pool

www.gameofcoins.ca

Share the hash!

[ocminer]

https://xpy.suprnova.cc added too, spread some over

[spartak_t]

https://xpy.suprnova.cc added too, spread some over

Good, because I feel that minerpools was raped. Several monsters are mining over there.

[ocminer]

https://xpy.suprnova.cc added too, spread some over

Good, because I feel that minerpools was raped. Several monsters are mining over there.

My Twitter Inbox was exploding with requests this morning, could not make it any earlier, sorry !

[Bansheroom]

https://xpy.suprnova.cc added too, spread some over

You are very late on this one.
I will direct some of my rented power to your pool anyway :-).