Unfortunately, with the pull back of the price a lot of miners dropped off as of the last few days and rewards aren't seeming to line up so hopefully it corrects itself. Block times and coins produced will slow down heavily otherwise looks like.
Blocktime equals Difficulty / Hashrate so right now this is 14,4 seconds. This is not longer than it should be, is it? Meaning there is 314 MC every 14,4 seconds.
Until the difficulty bomb hits around 400 million coins and its super hard to mine. Heck, over the last 2 weeks alone the mining difficulty has risen drastically so coins are being mined significantly slower.
This coin, once the project develops furthers and we get more musicians on board, will reach $1+ a coin easily.
When the difficulty bomb hits, the block time will increase and the system will be unuseable eventually. But the roadmap forsees to go away from Proof of Work before that. Similar to ethereum.
The difficulty increase that we saw recently has not increased the block time, therefore the supply of new coins remains stable. It has simply made the reward for each individual miner smaller, because more miners came in.
Also, while I do mining using ethminer it suddenly stops with an error message. something about opencl error, I will post the error here once it shows up.
Common cause for this is too heavy overclocking. Unrelated to Music.
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN] 🎸🎸 Announcing $MUSIC Alliance 🎼🎼🎼
by
unimatrix27
on 30/08/2017, 05:24:15 UTC
i fixed the block reward and processed pending amounts manually.
Are you on my pool right now? I just realized the amount of coins credited is not correct. maybe there is a setting i was not aware off. i will pay you out of course as soon as i figured it out and then the pool should pay every hour. please PM me with your address to verify.
You'll donate $US 5 worth of $MUSIC to switch rigs over to your pool?
Its a new pool and I just wanna test it, so yes. I am trying to get some permanent miners to decrease Variance in solo mining. I dont wanna pay fees so also my pool is free. If you dont wanna mine music - fine
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN] 🎸🎸 Announcing $MUSIC Alliance 🎼🎼🎼
by
unimatrix27
on 29/08/2017, 19:21:17 UTC
ill donate 100 MC to the first 2 people who mine for a few hours on my new music coin pool. its 0% fee. http://pmpod.de.
I expected 10x price growth couple of months ago. May happen any time soon.
Just looking at the chart starting from its invention, its a good sign that did not make a new low beginning of August. The recent move during the last view days can be counted as an impulsive, which has still not ended. It would signal a huge strenght if this impulse actually makes a new ATH, but even if it does not, the bullish scenarios stays active as long as the august low holds. A correction starting from the current level could very well correct most of the recent upmove and still be very bullish.
yea i read that, seems like they're both working together but offer different features.
This seens to be outdated as it suggests that they are based on the MUSIC blockchain but it seems they are not, they decided to move to ethereum, possibly to get more money.
I will continue to support MUSIC with my mining equipment.
Post
Topic
BoardAnnouncements (Altcoins)
Re: [ANN] 🎸🎸 Announcing $MUSIC Alliance 🎼🎼🎼
by
unimatrix27
on 29/08/2017, 06:39:01 UTC
its really annoying that NomNom Mining Pool which has nearly 10% of network hash rate has a big ad about musiconomi. This confuses new people.
I stopped mining there and switched basically to solo mining with my own pool at http://www.pmpod.de
Anyone who wants to join me there please feel free. There are no pool fees and I dont have to pay for the server, so I will just keep it running.
$MUSIC is a working project with actual application that works today.
Are there already any artists who use this? How is an increase in the coin's value possible?
Its simply a result of the balance between supply and demand. I would never call it value, it is simply its price. Suppy and demand itself is a function of greed and fear of the masses.