Thanks for your responses - Yes, it's true the coin is at 55 difficulty and there are 1914 blocks before the difficulty changes.
The problem can be solved simply by you guys believing in the coin and helping push past the this rough patch - The coin has such create potential and a beautiful concept.
The devs involved in this project have made absolute 0 profit and judging by the hard road ahead will ultimately make 0 profit from Giftcoin all together. We believe in the concept, we believe in the coin, it's about leaving our mark on the cryptocurrency market now and having this great coin part of the cryptocurrency revolution - We DO want this coin to be traded and we DO want this coin to be accepted in stores, but without your support this is impossible.
Its fair to say this last week has been a whirlwind for gift coin. With arguably one of the most highly anticipated crypto coins to ever pre-release, the buzz, support and genuinely just the sheer amount of interest was both an unexpected but highly rewarding result of days of sleepless nights and the probable catalyst of my impending hair loss.
To date, weve had 47,674 views on the initial Giftcoin announcement (and rising), which not only shows the ripple we made, but also gives us the confidence that GiftCoin is a real contender and a true titan of the crypto world. On launch alone, we received over 3Gh/s which send web servers, pools and forums into haywire causing a crash unprecedented by any other crypto currency to date. Essentially we came, we saw, we conquered, had 27 kids each, realised what we conquered couldn't house our needs and as a result the banks burst without our control (Thanks Obama).
On one hand there was an initial sense of achievement that our Coin made waves and had actually brought down the components which facilitate it, but on the other a sobering thought that the crash would in turn cause a crash of confidence with people who simply couldn't mine GiftCoin. To clarify, the crash was never intended, we never anticipated people to react on the scale they did and the idea was always to be as transparent as possible putting out new features and fun prizes to build a solid community with durable confidence.
http://poolnetwork.org/images/headers/Head_Tech.png PoW algorithm: Scrypt Block reward: 50 GFT Block time: 5 minutes Retarget: 2,016 blocks Current difficulty: 55.14329007 (Don't be put off.. Please read on!) Next difficulty (Est): 1.45212938 Max supply: 50,000,000 Block rewards: Halves after 200,000 blocks
So, what happens now? We get creative! With Wirlwind couple of weeks (as it shall now forever be coined get i.. ah nevermind.) over, were looking to pick up where we left off and start rolling out some of the unique features of GiftCoin which made us want to set up the Coin in the first place! First, let us introduce to you GiftCoinForum.com!
The official forum for all things Giftcoin. Here youll find everything from Mining Pools giving you live updates of available pools and mines, to Support where our technical team are on board to help with any queries or questions regarding Giftcoin, to General discussions where one is free to discuss absolutely anything (Apart from Coinye where Kanye appears, aggressively claiming he does not in fact have gills.) The forums going to be constantly reviewed, renewed and expanded as we grow Would love to hear some suggestions on design, new threads or any other reservations from you guys!
Next, as of today, were proudly launching one of our flagship features The GiftCoin Gift card. These can come either as a virtual receipt or as a physical Gift card, from 10 GFT to as much as 500 GFT. This will allow you to trade and exchange Giftcoins with your fellow peers and provide GiftCoin with greater exposure to the market. Were really hoping to cross over the crypto-monetary currency barrier with this one; the next step is to acquire acknowledgement from retailers which will allow an organic expansion of GiftCoin as a successful and internationally revered crypto-currency. Below are some sample Giftcoin cards ranging from 10 - 500 GFT as well as editable PSD files with an easy-to-edit QR code layer:
Over the coming days were going to be launching a spontaneous forum based promotion we are calling Redeem this. On any given day, at any given time, in any given moment, well be posting redeemable Giftcoin cards on Bitcointalk and our very own GiftCoinForum.com with varied amounts (10 500 GFT) - When you see a forum post titled Redeem This you better be ready! The winner will be the first person to scan the QR code and redeem the full Giftcoin card amount, its that simple.
So that you are ready (like a ninja) here are the Giftcoin card redeeming instructions:
We need support in the form of network hash power and awareness of the coin in order to get onto the exchanges. If you are pointing your miners to Giftcoin, we thank you for your support - You can spread awareness of Giftcoin by adding a comment to the exchange add requests below:
So there we have it This is the official Reigniting of GiftCoin. I hope weve been as honest and sincere as weve intended to upon our reignition. Well say it again loud and proud, the support you guys have given GiftCoin thus far has been more than we could have ever hoped and really fuels us to stay determined to put absolutely every breathing hour we have into its success. But part of that success is down to you. The simple fact of the matter is, in order to get on the exchange we need network power, and in order to gain this we need support from a dedicated community of miners. The past few weeks have been a learning curve, but nonetheless a beautiful journey; one we hope youll all continue to stick with and be a part of.
Let us as a community work together and see GiftCoin achieve the unprecedented success we all know it can get.
See you guys on the other side!
GiftCoin HQ
Quote from: Oleg Shyra
Giftcoin is a serious coin with a good goals. Among the whole bunch of new coins, most of which are meme or joke coins, it is the most reasonable and promising one. So it will be long lasting. But it needs promotion. Trade and exchange with other cryptos will definitely bring more attention to it and make it grow. Please, consider adding it to the exchange markets. Thank you and good luck!
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BoardAltcoin Discussion
Topic OP
[CLOSED] HUGE GiftCoin GIVEAWAY + What happened on launch day?!
by
GiftCoin
on 04/01/2014, 15:45:14 UTC
GIVEAWAY CLOSED - KEEP CHECKING BACK FOR OUR NEXT GIVEAWAY
EVERYONE WHO ENTERED WAS PAID! - Thank you for your support
GiftCoin launch had a lot more response than anticipated, so what happened?
- Bitcointalk crashed at launch time meaning we couldn't post links to wallet on time - Once we posted the link, so many miners tried to mine the same blocks we got a tonne of rejects and orphaned blocks - Small bug in the Windows wallet meant checkpoints were not set correctly
I saw unconfirmed coins in my wallet, now they've gone, what happened?! This situation is best describe by Jimmy @ Cryptocointalk.com:
Quote from: Jimmy
It's because the blocks are being found really fast and the re-target is every 2016 blocks. Rejected means you solved the block, but someone else solved it faster
I understand this might be really frustrating, we released the Windows wallet for solo-mining to gave a chance at getting some blocks.. but don't worry! You can still grab some coins at the giveaway.
We are sincerely sorry to anybody who tried to mine this coin but had no success.. We were initially planning to give away 25 GFT each at the giveaway, but instead we are DOUBLING it to 50 GFT
To qualify post your GiftCoin wallet address followed by your favourite TV show!
Giveaway closes at 4th Jan 2014 13:00:00 EST
Please note - The GiftCoin devs do not operate any GiftCoin pools, please contact operators if you are having issues
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BoardAnnouncements (Altcoins)
Topic OP
[ANN] GiftCoin [GFT] Wallet + Source available [SCRYPT]
Introduction We are going to launch a brand new coin unique to any other. Not another Altcoin, are you serious?! And this one is unique, like all the others, right.. WAIT. Giftcoin is our new idea of coin that can be used for, well, gifts! For example, if someone does you a favour:
Todd: Hey, could you please help me out with some coding? Jeffrey: Sure! *2 hours later* Jeffrey: Here you go! Todd: Thank you! And here's 20 giftcoins! Get yourself something nice Jeffrey: Ah, thanks, Todd.. You shouldn't have!
And thats not all! Giftcoin can also be made into a physical giftcard (printed yourself), which can be given at weddings, birthdays or any type of ocassion! Giftcoin will be launching on the 3rd January 2014, so to start your new year off with a bang, mine Giftcoin
Information PoW algorithm: Scrypt Block reward: 50 GFT Block time: 5 minutes Retarget: 2,016 blocks Starting difficulty: 0.00024414 Max supply: 50,000,000 Block rewards: Halves after 200,000 blocks
Why do you feel like this?!? - It's a store giftcard, you can only redeem it for something in one place! - - It's made of paper, it might break - - You might lose it in which case it is now worth nothing - - It will expire after a certain time, making it worth nothing - - Where do I store it? - - I can only use it in-store are you serious?!- - Plus many more reason.. -
- Any store will (Possibly?) accept your GiftCoin! - - Your GiftCoin is stored securely in your wallet - - It will NOT expire - - It could increase in value whereas Giftcards/vouchers do not - - You won't misplace it (unless you remove your PC hard drive, but don't do that) - - Generate a your own paper-wallet, give it is a gift and the other person can transfer to their virtual wallet - Soo smooth.. -
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BoardMicro Earnings
Re: FREE BITCOIN Sites *and* Free Newbie Lotto
by
GiftCoin
on 29/12/2013, 05:45:45 UTC
It makes me laugh to see people still typing in their Wallet ID's
I highly doubt this is still happening but it makes me laugh all the same