Quote from: kache on March 20, 2014, 10:32:50 AM

Quote from: flinchy on March 20, 2014, 08:52:44 AM

nah it's not that, ASIC's have barely been designed let alone built...

Lolwut, Gridseed are sold like candies now...

PROPER ASIC's i mean.. gridseeds are hardly better, if at all depending how much you pay for them.

Quote from: AIRcoin on March 20, 2014, 06:25:32 PM

A DECISION HAS BEEN MADE

A New Mandatory Wallet Update will be released. It will have the following:

1. A block reward of 1.96 Coins, which should give time for the exchange rate to adjust back up to stable values. This should return the mining opportunity price to .003 BTC/AIR @ 16 Difficulty.
2. A diminishing block reward that will decrease by 1% every day. This should stabilize the exchange rate's decline. This will be also be removed when there are enough reliable exchanges that the variable block reward can be implemented.
3. Adjustments to the KGW system to make it react better.
4. New Checkpoints and other minor tweaks.

This wallet will be finished by the end of today and then released late tomorrow, with the changes occurring soon in the block chain. This means we need ALL POOL OPERATORS TO BE READY FOR THE NEW WALLET. We are sorry for the abruptness of the release, but we feel it is necessary to maintain a sustainable exchange rate.

The reason these values were chosen is based off the performance of the investment pool in the last week. It should now be able to grow at a sufficient rate to counteract the supply/demand differential and inflation.

The decreasing block reward is insurance in the event that the exchange rate does start to fall again, in that it should curb that fall long enough to get on at least 1 other exchange so we have redundancy in the system for the variable block reward.

We will update with an explicit time that the new wallet will be released, along with the block # that the new reward will begin. Expect the wallet release to occur within 12 hours.

If it's any consolation, that gives you ~24-36 hours before the exchange rate will begin rising during which you can stockpile AIR at a cheaper price.

(post edited to reflect change in release time, to give people adequate time to prepare)

1.96 coins Sad

hash rate has gone up

reward going down

think i might swap to vertcoin until the reward goes back up.

OTOH, lower reward will make hash rate drop from people thinking like me

seriously, i don't know how you think creating a drop in the reward of a coin where the price currently isn't high enough, is a good thing... basically putting it all in the hope that it makes the exchange rate go up, when the dumping stops... but the exchange rate would rise when the dumping stopped anyway, this just means i end up with less air for my electricity lol.

Quote from: buddymoon94 on March 20, 2014, 07:31:09 PM

Hey guys I've been mining at air.ctrlaltdefeated and this message just popped up so i figured i would let every one know about it. "Probably going to shut this pool down today instead of upgrading to the new wallet. If you guys would please start withdrawing your coins so that I don't need to manually pay everyone out it would be appreciated."

ffs seriously @ctrlaltdefeated ?

you suck!