1.03

At least this is going to die very very quickly.

The difficulty will shoot up and the outdated difficulty adjustment with leave it beached at an impossibly high difficulty.

I appreciate it, but it's really no problem. I should have just removed the coins from the pool. I mined them a long time ago and had forgotten about them because they never became very valuable.

Shit happens, but time fixes everything. It would be different if you weren't here explaining what the situation was.

I had a little over 10k coins on the pool, but I don't need them for anything. If the coins ever get refunded, great, but I'm not upset about it.

It only took a few days to mine them, so no big loss. There's no point in getting mad about something that can't be fixed now, but I won't be using any of his pools again.

All the best Lollaskates.

The difference is that this is not a collectable coin. At the time they were minted, those same coins you are talking about were sold at appropriate value. It's not right to start out selling a coin so far marked up because someday it might be valuable beyond it's value in silver. Even pandas, where we know the price is going to be over $100 in 5-10 years time are sold at a reasonable price now.

I can't believe anyone would pay $120 for a $24 piece of silver. I know it cost you some extra money to get them pressed, but that's crazy.

Cryptsy has been punishing premined coins. I wouldn't hold my breath if I were you.

I'll buy it all for 0.5 BTC

When I get back tomorrow I'd be happy to help test with you. We'll talk then.

It is a bit shady, but it is very easy to verify.

RealSolid posted the list of all the transactions. If the person can give you the transaction details from the bitcoin account, in addition to forwarding the email conversations between the individual and RS, that would be a big step towards verification.

Now for the transfer, the easiest method of transfer would be for you to basically buy the account where the shares are going to be credited. RS is going to credit the shares to an account name, not an individual.

You can mine them, meaning that cgminer will allow you to try to use the wrong hashing algorithm to mine the coins, but it is impossible for something hashing SHA256 to successfully solve a block on a network with a different hashrate. CGminer will display your hashrate and everything, but you will never find a block.

Yep. If it were something deemed academically important, a lot more than a few hundred/thousand CPUs in a small community would be working on it. I'm not suggesting that this vein (prime chains) has no purpose or will have no purpose, but the amount of work being done on primecoin will not be significant. If it is found that these chains are of extreme importance for some reason, the work of primecoin could be overshadowed in a very short period of time.

I don't dislike primecoin, but it doesn't do an appreciable amount of work over a normal hashed coin. It might be a step along the road towards improving the value of hashing, but more than likely it is just making the botnets richer.

I would be more than happy to eat crow, but it shall remain to be seen.

And RealSolid is on the chat on MCXnow right now. It isn't like the exchange is still down.

You can look at a pool (or one of those calculating websites) and look for someone with a similar hashrate (or type in your hashrate). By the nature of crypto, you should ideally earn the same number of coins regardless of how you mine them, so if you would get 64 coins per day, that's 2 blocks per day.

Hope that helps. You should get over a block a day.

Which exchange are you looking at, maybe there's a third exchange carrying GRW that I haven't been seeing. I don't see either exchange with that kind of volume.

https://btcltc.com/home/index/grw_btc <-- Less than 1 BTC in the last 24 hours, those were all buys off a single sell order at 0.000035 (which is the price you are quoting above). The highest buy order is 0.000020.

https://coinex.pw/ <-- Here the price may be a little higher, but at 509 GRW in the last 24 hours you won't end up selling much. EDIT: That 509 in the last 24 hours isn't right, it says that the last trades were 4 days ago.

It is perfectly fine if people want to hold their coins, but right now it is disingenuous to suggest that anyone could sell $2800 worth of GRW at 0.000035.

Yeahhh, have you looked at the exchanges?

On one exchange there is exactly 0.0 BTC of buy orders and on the other the highest buy order is for less than 4 GRW and at a price of 0.000035 BTC/GRW, which is only slightly better than my offer.

So yes, they should feel free to explore those options first. I'm just looking for some coins if people are looking to sell them.

There are 1.8+ million coins in circulation, there are ~180,000 new coins each day, and you can currently mine 2,500 GRW per day at 1MH/s. I'm offering you 1.25 LTC for that, which is more than you would get mining LTC.

If anyone is looking to offload some of their GRW, I'm looking to buy at 2,000 GRW per 1 LTC. If anyone is interested, shoot me a PM.

IFC usually has a few thousand LTC buy orders at a very consistent price.

We can actually pin this down. How much hashrate did you point at goldcoin, if you can remember.

The 10k blocks did last until the 19th hour, when the network hashrate spiked and the number of blocks per hour went from 400 or less to nearly 3000.

Kelsey, it is important to the value of the coin (because it impacts the number in circulation), but it should not be a reflection on the current dev team if they didn't have a part in it. Do you know if there is a block explorer running for GLD?

I agree with a lot of things kelsey is saying. The term scamcoin is passed around far too often, but these really aren't false claims.

5 hours after the genesis block was mined, 115 blocks were mined at a difficulty of 0.00024414 minting 1,150,000 (one-million, one-hundred fifty-thousand) goldcoins. This was a premine, as it was another 4 hours before any more coins were mined. That's not a debatable opinion. It is a fact.

At hour 9 after the genesis block, 7 blocks were solved for 70,000 coins. The difficulty is still 0.00024414, meaning that these blocks were not mined by the usual hoard of early miners. It is highly unlikely that the coin had been released at this point.

At hour 10, 260 blocks were solved, minting 963,323 coins. The network hashrate is still only 0.08 MH/s and the difficulty is still 0.00024414. Now you can make your own decision there, but this coin does not appear to have been released yet.

The network hashrate does not break 1 MH/s until hour 19 after the genesis block, which is likely when the coin was released to the rest of the miners. By hour 19, 4,129,000,000 goldcoin had been produced. You can look at the block count over those first 19 hours and see that most of the 10,000 coin blocks were mined by whatever small group of people was mining the coin before the public release.

Everyone should feel free to invest in GLD if they like the coin. That's none of my business nor is it anyone else's business, but it would be misleading to suggest that none of this premining occurred.

http://cryptometer.org/goldcoin_96_hour_charts.html