Quote from: dunchy on August 04, 2014, 06:21:29 PM

Quote from: r0ach on August 04, 2014, 03:36:47 PM

Quote from: dunchy on August 04, 2014, 06:40:54 AM

How to turn a nice idea into a pile of shit in 4 hours:

http://minichain.info/address/CNCzEBdvxzKSsGGdeqdGv17zuyWLeyAFvw

Yea, that's quite a nice highly optimized GPU miner you have there. This is like when Maxcoin launched with a couple guys having Nvidia miners on day 1 mining 5000x faster than everyone else.

XCN price is a train wreck waiting to happen until there's a long and reasonable explanation about that address.

All you really have to do is look at precedent we already have for coins where any hidden GPU miners are involved. Every single one of those coins had apocalyptic price crashes from the initial price. The coin is a complete gamble at the moment. This concludes the XCN r0ach report.

Having GPU miner as part of the release bundle at very launch has to be mandatory for coin to be considered as "fairly" launched. CPU2GPU ratio is irrelevant. Even if it is 1:1 it simply has to be released immediately.

Or have an emission curve with a slow, flat initial period before ramping up to real.

Imagine if XMR's curve had looked like:

days 0-30: 1 xmr/block
days 31-90: 1 + 16 * (day-30)/60) xmr/block
days 91 onwards: using the existing XMR mechanism

You'd have a flat 1 xmr/block initial period, followed by a linear ramp-up to full rate over the next two months, and then the long-term slowly decreasing function.

(The first time I saw something like this was Gatra's launch of Riecoin, which was incredibly fair in that regard, but he did it over a day or two instead of doing it over three months, as a mechanism not to guard against fast miners, but to ensure that word got to spread about the coin before the mining *really* started.)

It's like having a testnet available, but with a little money involved so that it still pays for people to develop the fast miners early, and to create opportunities for them to leak out and someone to open source them.