Quote from: PrinceJasboThe3rd on September 27, 2018, 04:29:40 PM

Hi,

Can I ask what the thought behind starting with cryptonight (orig) then changing to v7 at specified block?

I just had a look at your site and pool (its an interesting idea after all) and did throw some 1080ti on it, but its like spitting in the ocean... Tongue

So just trying to get my head round this as my thinking is ASICS are grabbing all the coin now, then GPU get a look in but have much lower block reward, but at least ASICS have gone at change to V7

so I guess my question is why?

Thanks and sorry if this is a newbie question, but I am in fact a newb

It is a very good question. Many of the cryptonight original coins have moved to V7 due to ASIC attacks and whilst we are aware of the implications of such an attack we decided it would be a good opportunity to get the ASIC miners on-board and help get our project established. The thinking behind this is that there isn't a great deal of coins to mine with Cryptonight ASIC's right now and a new coin with possibilities could be viewed as more attractive.
To level the playing field and mitigate the risks associated with ASIC mining of our coin, a move to V7 sometime in the future was agreed and is currently set at approximately 1 year's time. The reward will be less but not that much, it is currently at 7100 FRED and will be approx 5500 FRED at the change.

Hopefully our explanation will not upset either party.

We would also like to say thanks for all the constructive comments and criticism so far, as they are helping in a positive way.

The initial draft of our whitepaper will hopefully be ready beginning of next week with applications to exchanges.

Quote from: Dasengineer on September 27, 2018, 06:46:14 PM

Quote from: fredenrg on September 24, 2018, 10:43:32 AM

Quote from: Dasengineer on September 24, 2018, 09:54:08 AM

So how this coin is connected with alternative energy sector? There is no any details, no whitepaper, no any energy solutions on rodmap. Assess viable energy projects for funding in Q3 2019, what is this even mean? Why do you I need this coin, what is the use-case?

The idea is similar to Teslacoin. We are aiming to fund alternative and free energy projects and therefore, FRED could be classed as a social charity project. The whitepaper is being worked on and this project, we believe has more of a purpose than 85% of the tokens/coins currently being hyped with large marketing campaigns.
We are not proposing to take over the current payment systems, health care, gaming industry or the internet.

Why do you mention the useless crypto that exists from 2014 and didn't achieve anything rather than describing your own? Maybe you can clarify How exactly FRED is connected to alternative energy sector or will be connected? If you open thread here, you should be ready to answer questions, no matter tough ones or "When ICO, sir" type.
And one more thing, you don't need to have a token "to fund alternative and free energy projects". What does it even mean free energy projects? Where did you see free energy?

Teslacoin is actually a good project and not dissimilar to ours. We are aiming to promote the adoption of alternative energy and hopefully fund research into energy devices that could one day become mainstream. Free energy research is also part of our agenda and is not a myth, Google it and take the blinkers off.