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Board Announcements (Altcoins)
Re: [ANN][PEV] PlusEVCoin - crypto-currency of poker | *ON CoinNext EXCHANGE NOW*
by
plusevcoin
on 14/06/2014, 01:02:36 UTC
Congratulations currency, I believe that with advertising, marketing will right forward. Now I need a help. Just download the wallet, I'm trying to mine, but error occurs. "json_rpc_call failed, retry after 30 seconds" What should I do?
Wait for the wallet to synchronize - that would be my first guess. Did you do that?



Do you have plans for a fiat/PEV exchange?  Do you have large financial backers who can ensure the coin liquidity and stability? No?  Then I assume this will go nowhere just like the half dozen other poker alts I have seen die in the past year.
There are obviously plans for getting onto exchanges that offer buying/selling straight to fiat, but this will still be a bit inconvenient for most poker players to use. The idea is to get enough of poker players interested that there will be live trades going on (when poker players meet for live poker tournaments / poker festivals) - same as was Bitcoin in the begining.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PEV] PlusEVCoin - crypto-currency of poker | *ON CoinNext EXCHANGE NOW*
by
plusevcoin
on 08/06/2014, 15:35:02 UTC
First Pevcoin trade went down at CoinNext with the price of 0.000,007 BTC (0,004587$) per PEV Smiley

In the next few days Pevcoin will be featured in poker media.

Both price and difficulty are super low at the moment. I suggest you take advantage of it and mine/get some before the media thing happens, as it will surely create some "to the moon" action. Don't regret not getting on the train, you won't be able to say you haven't been informed Tongue
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Topic
Board Announcements (Altcoins)
Re: [ANN][PEV] PlusEVCoin - crypto-currency of poker | *ON CoinNext EXCHANGE NOW*
by
plusevcoin
on 07/06/2014, 15:45:16 UTC
Obviously online poker is rigged.
Fortunately not so much as everyday life is Tongue

In the meantime..


PlusEVCoin is now tradable on:


Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PEV] PlusEVCoin - crypto-currency of the poker community | ***NEW***
by
plusevcoin
on 06/06/2014, 11:53:54 UTC
Added bounties to give a little more incentive for involvement.

Can someone knowledgeable with the crypto exchanges recommend one that we should be convincing to add PlusEVCoin? Obviously one of the biggest, like Cryptsy, would be best, but this is probably not realistic goal. So looking more towards one of the smaller, but solid ones.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PEV] PlusEVCoin - crypto-currency of the poker community | ***NEW***
by
plusevcoin
on 05/06/2014, 16:12:57 UTC
Poker players meet at live poker tournaments all around the world. If it gets popular they will just recommend it to one another. But as said, there needs to be value set.

It's hard to get them into Bitcoin, cause there is a common knowledge that "it's to late for it" and "Bitcoin is expensive now" (soundness of those statements aside Tongue). But something new and dedicated for poker players might just make it.


PS:
NOT SCAM!!!
We can go on like that, trying out even bigger fonts and brighter colors, but there is no point I think.. BTW Where do you see any scam in this? It's all clear. Yes, some people already have coins, but this is not called scam, please check the dictionary.

Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PEV] PlusEVCoin - crypto-currency of the poker community | ***NEW***
by
plusevcoin
on 05/06/2014, 13:12:47 UTC
Please read the FAQ Wink It was not mined by a single person/group. It was publicized, just not in the crypto community.

BTW I personally would wish there were less blocks mined atm, but this started as a fun / after hour project and things were progressing more slowly than we expected (when we started in February, we expected to be where we are now in April, not in June).
Post
Topic
Board Announcements (Altcoins)
Topic OP
[ANN][PEV] PlusEVCoin - crypto-currency of poker | *ON CoinNext EXCHANGE NOW*
by
plusevcoin
on 05/06/2014, 12:27:54 UTC
http://www.plusevcoin.org/wp-content/uploads/2014/06/pevcoin3.png

PlusEVCoin
the crypto-currency designed with poker players in mind



***  Now tradable on:  ***
*********************


Introduction:

Crypto-currencies are the currencies of the future, though in the present day they are mainly used by tech savvy people. In order to be used on a bigger scale they need communities that will bring them to a broader spectrum of people. PlusEVCoin has been created exactly for this reason, to bring the poker community into crypto-currencies. We believe this community is a very strong one filled with smart, independent, energetic individuals who in 2013 alone won over 1.5 billion dollars in live poker tournaments, and you can quadruple that figure if you include on-line tournaments and cash games.

PlusEVCoin is made with the poker economy in mind. The goal for PlusEVCoin is to use it between poker players for settling debts, financing staking deals, paying back for hotels, travel expenses, tournament buy-ins, etc. We would also like for PlusEVCoin to eventually be used outside the poker world too.



PlusEVCoin-QT 1.3.0.0:



The QT app automatically creates PlusEVCoin.conf and has
in-built CPU and GPU miners that require no configuration!
Super easy to get new users interested and have them start mining.



Specification:

Algorithm:Scrypt
Maximum coins:520,000,000
Block reward:50 PEV
Block time:60 seconds
Subsidy halving:Never, reward decreases by 0.00002 every block after ~2 years (see FAQ)
Difficulty adjust:Kimoto Gravity Well with Time Travel Exploit fixed
Premine:None, but at first info was spread by word-of-mouth (see FAQ)
Ports:RPC 5252, Mainnet 5253, Testnet 15253
Nodes:addnode=78.47.152.119
addnode=88.198.191.51
addnode=78.46.72.167
Website:www.plusevcoin.org



Some faces:

People in crypto community know something is legit by checking and compiling everything by themselves (Trust no one ;). Well, poker players have no time nor skill to do that. One decides to trust something, because of other respectable people who do. Among the poker players who did mine PEVCoin, here are a few well known ones:


Justin Bonomo (Wiki, PokerDB), Marcin Horecki (Team PS, PokerDB), Faraz Jaka (Wiki, PokerDB), Ramzi Jelassi (PokerDB), Jeff Sarwer (Wiki, PokerDB), Matthew Stout (PokerDB), Johannes Strassmann (Wiki, PokerDB), Matt Waxman (PokerDB), Anton Wigg (PokerDB). There are some other recognizable players who got into PEVCoin, but they didn't want to be mentioned here because of their sponsorship deal requirements or for privacy reasons.



Current goals:

[Bounty: 5,000 PEV]                Creating mining pools - For now solo mining is working well, but when the difficulty rises the pools are a must. Bounty is for the first pool, it will go down for further pools
[Bounty: 2,500 PEV]Creating a faucet - There are some players, who own quite a lot PEVCoins and some of them definitely wouldn't mind to share a bit.
[Bounty: 1,250 PEV]Creating a block explorer - Straightforward one.
[Bounty: 36,000 PEV]Starting Just-dice equivalent for PlusEVCoin - This is currency for community of gamblers, who always look for +EV spots and are used to huge variance, so this one is self explanatory :) Any other gambling site would be nice too.
[Bounty: 5,000+ PEV]Hosting PlusEVCoin poker tournaments - We have plans for running both on-line and live poker tournaments with the prize pool in PEVCoins. Aside from the bounty we will be adding extra PEVCoins to the prize pool of any of the early tournaments.






======================================================================================================================================



FAQ:

OMG So much blocks already mined, why wasn't this announced on Bitcointalk at launch ?!?!?!!!111eleven!?!
Bitcointalk.org is not a global government for crypto, where all the altcoins have to be pre-announced. The whole idea of crypto-currencies is that there is no central unit that controls it - no government, no bank, no corporation, not even this forum :)
PEVCoin's goal is to bring crypto to poker players (and vice-versa). To make it, it had to be mineable with normal home computers and not be attacked by multi-pools, so at first the information was spread among poker players (using PMs, Facebook, Twitter, etc.).

But it's not fair!
If you want a "fair" coin (and by "fair" you mean that people who are rich and tech savvy enough to have this in their basement should get most of it), then there is a new "fair" coin being released every couple days. This one has a different approach/goal. If you like it - please join in, if not - don't.

So why come to Bitcointalk now?
We, developers of PlusEVCoin, are a small group of poker players with some IT background and we can only go so far by ourselves. There are certain steps that need to be taken (mentioned above in the Goals section) with which we would like to have some help. Also because of the security reasons this is a moment when we would like some more hashing power in the PEVCoin network. So we now invite the crypto community to join in :)

Why no halving time? (Reward decrease explanation)
The halving of the subsidy creates a shock for miners and some other slight problems when it occurs. You can avoid that by gradually decreasing the subsidy. For PEVCoin the plan is that the rewards stays at 50 PEV for about two years (first million blocks) and then decreses by 0.00002 with every block until it reaches reward of 5 PEV after about seven years. Details:
Code:
   /* Expected block reward values according to approximate block time:
     * Genesis block:          50     PEV || Total Volume: 0              PEV
     * A year post-launch:     50     PEV || Total Volume: 26,800,000.00  PEV
     * 694 days post-launch:   49.99  PEV || Total Volume: 50,000,000.00  PEV
     * 2 years post-launch:    48.98  PEV || Total Volume: 52,533,785.60  PEV
     * 3 years post-launch:    38.47  PEV || Total Volume: 75,513,017.60  PEV
     * 4 years post-launch:    27.95  PEV || Total Volume: 92,967,142.40  PEV
     * 5 years post-launch:    17.44  PEV || Total Volume: 104,896,160.00 PEV
     * 6 years post-launch:    6.93   PEV || Total Volume: 111,300,070.40 PEV
     * 2395 days post-launch:  5.00   PEV || Total Volume: 112,475,000.00 PEV
     * Afterwards:             5.00   PEV || Total Volume: 112,475,000.00 + (Height in Blocks - 3.45M)*50 PEV

What does PlusEV mean?
+EV is a shortcut for Positive Expected Value. A decision (in a poker hand, but also in investing, in life or whatever) is consider +EV if in the long run it brings profit / positive effects in general. Sometimes in the short term bad decisions create profit and good decisions create loss - but nevertheless you should always strive to take +EV actions.
This term is heavily used by poker players. We are all about making +EV plays and avoiding -EV plays.