[ANN] [GEO] GeoCoin | GIS & GeoTechnologies

[fartbags]

The premine is a real killer here. Technically it may be 0.5%, but after a month it is still nearly 10%. It would be completely insane to buy that coin once it hits an exchange.

EMC2 has some kind of mining tax. I wonder why it isnt possible to have a really tiny premine and then add this kind of tax. I am not familliar with the details, but it cant be that comlicated, can it?

I like that tax idea better than an initial bulk premine as well.

[Tobler]

any info on aprox launch time?

I doubt it will be out anytime this week. They are switching algos. If they can do that in less than a week, I would be impressed.

Yes it will take time to switch algos and test. We will launch as soon as we're ready (no ninja, you will have some time if you want to mine at launch). I expect less than a week, that way fartbags will be impressed  .

Update will be posted on this thread.

[Tobler]

The premine is a real killer here. Technically it may be 0.5%, but after a month it is still nearly 10%. It would be completely insane to buy that coin once it hits an exchange.

EMC2 has some kind of mining tax. I wonder why it isnt possible to have a really tiny premine and then add this kind of tax. I am not familliar with the details, but it cant be that comlicated, can it?

We had to do it so our developers can be paid a little for a lot of work. It is really good for the developers to have some coins because they will work really hard to make those coins valuable. After only 1 month 90% of the coins will be distributed through qubit mining which should allow for a nice distribution. Our vision is long term, many years. I don't really like the idea of taxing people to mine the coin, although I think it would be a suitable solution. If you are uncomfortable with it, wait until you see what we are using the premine for (our developments) before investing or mining.

Thanks

[kryptologist]

@Dev, when you decide on a launch time, please PM me

[timedelay]

DEV,to gain trust ,you'd better get every feature done when you get the premined coin.
Agree ?

[weifa]

It's nice to see a dev that is open to the communities suggestions!! Good choice on switching algos to Qubit, look forward to the upcoming launch. 

[deemington]

+1 for Qubit 

Nvidia ftw

[fartbags]

Qubit is a good rare algo.

https://bitcointalk.org/index.php?topic=688311.0 << CDT has been a great coin for me to mine over the past 4 months. CDT is Qubit and has never been abused by anyone.
I bought Trees valued at $4,500 USD with my CDT and have received a certificate from the farmer declaring my ownership.

I wish all coins could work out as good as CDT. Qubit is an excellent choice to switch to.


I hope this coin works out and doesn't get abused by big investors/miners.

[NoobKidOnTheBlock]

Qubit is a good rare algo.

https://bitcointalk.org/index.php?topic=688311.0 << CDT has been a great coin for me to mine over the past 4 months. CDT is Qubit and has never been abused by anyone.
I bought Trees valued at $4,500 USD with my CDT and have received a certificate from the farmer declaring my ownership.

I wish all coins could work out as good as CDT. Qubit is an excellent choice to switch to.


I hope this coin works out and doesn't get abused by big investors/miners.

What exactly is Qubit algo? Could someone help me out with where you might be able to rent rigs for this algo or if not what type of miner I need to have set up and where to find out how to set one up, I would really appreciate that Thanks

[jamo4000]

What exactly is Qubit algo? Could someone help me out with where you might be able to rent rigs for this algo or if not what type of miner I need to have set up and where to find out how to set one up, I would really appreciate that Thanks

+1

[zukko]

So its time to launch.
And where is the wallet ?

[ocminer]

Qubit is a good rare algo.

https://bitcointalk.org/index.php?topic=688311.0 << CDT has been a great coin for me to mine over the past 4 months. CDT is Qubit and has never been abused by anyone.
I bought Trees valued at $4,500 USD with my CDT and have received a certificate from the farmer declaring my ownership.

I wish all coins could work out as good as CDT. Qubit is an excellent choice to switch to.


I hope this coin works out and doesn't get abused by big investors/miners.

What exactly is Qubit algo? Could someone help me out with where you might be able to rent rigs for this algo or if not what type of miner I need to have set up and where to find out how to set one up, I would really appreciate that Thanks

Hey Noob

Qubit is a "old" algo. Its a bit neglected but was quite well established and several coins (CDT, Myriad, Unitus) have been supporting it.

Qubit is probably the fairest algo for home-miners as there are currently no rentals available for Qubit nor do I know of any kind of FPGA or "special kernels" supporting it.

I have had already several Qubit pools up, if you wanna try things out you can have a look at Suprnova's CDT pool for example, it will use the same settings as GEO will when it launches so your settings will be compatible.

[mellon]

+1 Qubit algo - nice choice Dev)))

[NoobKidOnTheBlock]

Qubit is a good rare algo.

https://bitcointalk.org/index.php?topic=688311.0 << CDT has been a great coin for me to mine over the past 4 months. CDT is Qubit and has never been abused by anyone.
I bought Trees valued at $4,500 USD with my CDT and have received a certificate from the farmer declaring my ownership.

I wish all coins could work out as good as CDT. Qubit is an excellent choice to switch to.


I hope this coin works out and doesn't get abused by big investors/miners.

What exactly is Qubit algo? Could someone help me out with where you might be able to rent rigs for this algo or if not what type of miner I need to have set up and where to find out how to set one up, I would really appreciate that Thanks

Hey Noob

Qubit is a "old" algo. Its a bit neglected but was quite well established and several coins (CDT, Myriad, Unitus) have been supporting it.

Qubit is probably the fairest algo for home-miners as there are currently no rentals available for Qubit nor do I know of any kind of FPGA or "special kernels" supporting it.

I have had already several Qubit pools up, if you wanna try things out you can have a look at Suprnova's CDT pool for example, it will use the same settings as GEO will when it launches so your settings will be compatible.

Sweet thanks bro I'll check that out and probably see you there

[DeCrypterManiac]

+1 Qubit algo - nice choice Dev)))

Yes, I like it too !

[kondiomir]

So. Launchtimer update ?

[crush]

Qubit is a good rare algo.

https://bitcointalk.org/index.php?topic=688311.0 << CDT has been a great coin for me to mine over the past 4 months. CDT is Qubit and has never been abused by anyone.
I bought Trees valued at $4,500 USD with my CDT and have received a certificate from the farmer declaring my ownership.

I wish all coins could work out as good as CDT. Qubit is an excellent choice to switch to.


I hope this coin works out and doesn't get abused by big investors/miners.

What exactly is Qubit algo? Could someone help me out with where you might be able to rent rigs for this algo or if not what type of miner I need to have set up and where to find out how to set one up, I would really appreciate that Thanks

Hey Noob

Qubit is a "old" algo. Its a bit neglected but was quite well established and several coins (CDT, Myriad, Unitus) have been supporting it.

Qubit is probably the fairest algo for home-miners as there are currently no rentals available for Qubit nor do I know of any kind of FPGA or "special kernels" supporting it.

I have had already several Qubit pools up, if you wanna try things out you can have a look at Suprnova's CDT pool for example, it will use the same settings as GEO will when it launches so your settings will be compatible.

Qubit is something like the grandfather of chained algos. X11 was developed from it for example. Good algo.

[anhpt192]

dev, is this coin launched ontime?
any pool announced yet?

[Tobler]

Qubit is a good rare algo.

https://bitcointalk.org/index.php?topic=688311.0 << CDT has been a great coin for me to mine over the past 4 months. CDT is Qubit and has never been abused by anyone.
I bought Trees valued at $4,500 USD with my CDT and have received a certificate from the farmer declaring my ownership.

I wish all coins could work out as good as CDT. Qubit is an excellent choice to switch to.


I hope this coin works out and doesn't get abused by big investors/miners.

What exactly is Qubit algo? Could someone help me out with where you might be able to rent rigs for this algo or if not what type of miner I need to have set up and where to find out how to set one up, I would really appreciate that Thanks

We will post all the mining information here before launch. It is straight forward.

[Tobler]

dev, is this coin launched ontime?
any pool announced yet?

No, we delayed launch to switch to the rare and fair Qubit mining algorithm. We will launch within a few days, update will be posted here.

Thankfully, ocminer has announced he will be supporting this coin with his pool.