That's it, I'm not going to smell this coin again. It stinks badly! Not that it all started poorly with all the premined coins, 6% of mined coins going to developers, software crashing, blockchain not syncing correctly, had fubar difficulty targeting,... Well, now it's official that (most likely) one of existent protoshares pools started mining, if not one of developers. I wouldn't be surprised if they (PTS pools and developers) are tightly connected.
http://www.chainbrowser.com/memorycoin/address/MAWa8jwrpvg87dZCv9KAajCmMY62xJfrKYI think we can all say bye bye to this crypto. It sucks.
From now on, developers should consider 3 things before releasing anything. 1. Working pool, 2. working miner and 3. working wallet. This is fiasco.
PS. I'm sure damage control will make pool available in 12 hours or so. Well, I'm out anyway.
That link doesn't point to a real address.
I don't think Free Trade can screw up his coin a third time. MMC is in early development and the essence was to prevent GPU/ASIC mining.
The only thing wrong with this are cloud miners reaping all the blocks.
The wallet works [glitchy due to the early fork], solo mining works -- and there is a temporary script that auto-restarts the daemon once it crashes for linux.
I've been rewarded with 35 MMC as one of the early block finders and haven't hit another block for 2 days.
You need to mine to get a block reward!
Anyway, with 10 million coins that are to be in circulation within 1-3 years, dumping 10K+ MMC shortly after MMC hits the markets will not really affect the currency overall.
As the reward decreases and difficulty shoots up, cloud mining will become ineffective because of its lack of availability at times.
Not to mention when the availability slots do come up, other cloud miners will also start mining, reducing the reward/time and increasing the price demanded.
Just price in the fact that it is a race to get as many MMC as you can because the reward reduces by 5% per week. This is the reason for cloud miners jumping to it right now.