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post #11 of 76 (permalink) Old 05-14-2014, 11:07 AM
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I've tried mining in the past, but always stopped because I would end up using the same machines for [email protected] instead.

This seems like a perfect situation for me biggrin.gif

Now if only this new house I moved into could support more than 10 amps without blowing a fuse... redface.gif

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post #12 of 76 (permalink) Old 05-14-2014, 11:21 AM
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So you'd have to fold for that specific team in order to gain CureCoins?

 

Quote:

Originally Posted by Zero4549 View Post

I've tried mining in the past, but always stopped because I would end up using the same machines for [email protected] instead.

This seems like a perfect situation for me biggrin.gif

Now if only this new house I moved into could support more than 10 amps without blowing a fuse... redface.gif

 

10amps? That doesn't even sound right.


"The greatest good you can do for another is not just to share your riches but to reveal to him his own."


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post #13 of 76 (permalink) Old 05-14-2014, 11:32 AM - Thread Starter
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Originally Posted by Krusher33 View Post

Don't see it. i see that you download FAH and start folding. And then sign up at a pool to get paid.

And what's the point of mining via ASICs? May as well have them just mine the already existing coins and just pay the folders with that. I don't see why they gotta double the man power to make this work. Why can't they make it so that you fold while you mine?

this was already attempted with gridcoin. the problem is that mining takes too much power. so when you combine mining and boinc you get 95% mining 5% boinc. It was a good attempt but still didnt work properly. Curecoin is a step in the right direction. I believe you are right though full implementation is key. The problem with that is convincing one of these schools to do it. Boinc are ran on super computers built for schools to learn and study. All of them are ran by volunteers and students. There is absolutely no profit being made and that is part of the program. Convincing them that they should align a blockchain and release coins with there research is a long shot that will take a heavy pocket and major convincing. we are still a ways away from that but curecoin can push it there.

Right now it is a little strange but the development team has been handling it professionally and the coins have been fairly distributed.

So far curecoin is already the #1 folding team and has already done so much work even if it were to fail now it would have already accomplished great things.
Quote:
Originally Posted by PR-Imagery View Post

So you'd have to fold for that specific team in order to gain CureCoins?

Unfortunately yes you do. All the monitoring is gathered from the curecoin team. After you get started you sign up at www.cryptobullionpools.com with your exact same (case sensitive) username for folding. It then monitors the points submitted and eventually pays out in cure. it is delayed quite a bit it takes at least 24 hours after work submission before your points appear on the pool, then up to another 24 hours to receive them. they are working on speeding things up but its currently a slow process to assure everything is verified and points are legitimate.
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post #14 of 76 (permalink) Old 05-14-2014, 11:49 AM
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I understand but I've still got this "I've got a bad feeling about this" feeling. I really think they should focus more on making it so that it's folding while you're mining.

Instead they spent all their energy into creating yet another coin to mine with an already existing algorithm to pay people for folding on their team. Probably didn't even take much. Probably just yet another copy.

Stop asking "why would you do that?" We're in "the pursuit of performance" here.
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post #15 of 76 (permalink) Old 05-14-2014, 12:15 PM
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Originally Posted by dmfree88 View Post

this was already attempted with gridcoin. the problem is that mining takes too much power. so when you combine mining and boinc you get 95% mining 5% boinc. It was a good attempt but still didnt work properly. Curecoin is a step in the right direction. I believe you are right though full implementation is key. The problem with that is convincing one of these schools to do it. Boinc are ran on super computers built for schools to learn and study. All of them are ran by volunteers and students. There is absolutely no profit being made and that is part of the program. Convincing them that they should align a blockchain and release coins with there research is a long shot that will take a heavy pocket and major convincing. we are still a ways away from that but curecoin can push it there.

Right now it is a little strange but the development team has been handling it professionally and the coins have been fairly distributed.

So far curecoin is already the #1 folding team and has already done so much work even if it were to fail now it would have already accomplished great things.
Unfortunately yes you do. All the monitoring is gathered from the curecoin team. After you get started you sign up at www.cryptobullionpools.com with your exact same (case sensitive) username for folding. It then monitors the points submitted and eventually pays out in cure. it is delayed quite a bit it takes at least 24 hours after work submission before your points appear on the pool, then up to another 24 hours to receive them. they are working on speeding things up but its currently a slow process to assure everything is verified and points are legitimate.

DM hits several good points here. I agree that CureCoin is moving in the right direction, but this is all new ground here. IMO this is where crypto as a whole should be headed; use the compute power for something more than "empty" hashes to secure a blockchain. The dynamics are still being worked out, it's evolutionary.
Quote:
Originally Posted by Krusher33 View Post

I understand but I've still got this "I've got a bad feeling about this" feeling. I really think they should focus more on making it so that it's folding while you're mining.

Instead they spent all their energy into creating yet another coin to mine with an already existing algorithm to pay people for folding on their team. Probably didn't even take much. Probably just yet another copy.

I understand your apprehension, but I don't think it is warranted if you read the ANN thread, and know the histories of Gridcoin and CureCoin. The ANN makes the coin's parameters transparent. As DM pointed out above, Gridcoin attempts the unified approach, but mining takes up too many resources. I'm sure eventually a unified mining/folding platform can be implemented, but it is going to be technically challenging on many levels. Non-profit research programs like BOINC and [email protected] don't have the inclination or resources to make a unified platform, though IMO they should. It's just going to take time. As for CureCoin, I have been following it since November. If the intent of the devs was to simply just make "yet another copy" for their own financial benefit, why would they take so long to do it? Yes, it is a hindrance that you can only earn CureCoins via one team ATM, but what does the CureCoin team stand to gain from having more folders/PPD? What is their incentive? Are you implying that Stanford, or some other outside third party, is providing some sort of financial incentive for folding production?

Does FOLDING make you feel MAGICAL? Of COURSE it does!

"It may not seem logical, but trust me. I know where I'm going. And it's far."


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post #16 of 76 (permalink) Old 05-14-2014, 12:42 PM
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Yeah I'm one of the first 20 people to post in their original ANN I believe. I was skeptic then, and I'm still skeptical now.

No I don't think they're getting financial incentives from a 3rd party for the folding efforts. Personally I feel like they're just taking advantage of [email protected] to generate the hype. They're just going to sell their coins and the bigger the hype, the more BTC's they'll get from it.

I feel like they're just learning from the experience of Primecoin. It was so hyped up that it slowly fell unlike the other coins that falls in value quickly when created. But in the end all they did was make a mine-able coin and not go anywhere with it. They didn't go mainstream with it or anything. It's just mine and dump, mine and dump.

I feel like that's all curecoin is going to be. Just like all these other coins out there. They're not going do anything with it except just be listed on an exchange for selling. People are going to buy it and fold for it just for the hype of it. But what can they do but sell it? Nothing. It's just another coin that the creators created so that they can make money off the hype for a longer period of time than just creating yet another animal or joke coin that everyone else is doing.

Nobody is making new coins so that it becomes an actual currency. They're just all making coins to get some easy BTC's.

Stop asking "why would you do that?" We're in "the pursuit of performance" here.
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post #17 of 76 (permalink) Old 05-14-2014, 12:48 PM
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10amps? That doesn't even sound right.

You're right, it doesn't sound right because it shouldn't be. Sadly, it is. We have an electrician coming in to fix the atrocious wiring next week.

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post #18 of 76 (permalink) Old 05-14-2014, 01:21 PM
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Quote:
Originally Posted by Krusher33 View Post

Don't see it. i see that you download FAH and start folding. And then sign up at a pool to get paid.

And what's the point of mining via ASICs? May as well have them just mine the already existing coins and just pay the folders with that. I don't see why they gotta double the man power to make this work. Why can't they make it so that you fold while you mine?

Quote:
Originally Posted by Krusher33 View Post

Yeah I'm one of the first 20 people to post in their original ANN I believe. I was skeptic then, and I'm still skeptical now.

No I don't think they're getting financial incentives from a 3rd party for the folding efforts. Personally I feel like they're just taking advantage of [email protected] to generate the hype. They're just going to sell their coins and the bigger the hype, the more BTC's they'll get from it.

I feel like they're just learning from the experience of Primecoin. It was so hyped up that it slowly fell unlike the other coins that falls in value quickly when created. But in the end all they did was make a mine-able coin and not go anywhere with it. They didn't go mainstream with it or anything. It's just mine and dump, mine and dump.

I feel like that's all curecoin is going to be. Just like all these other coins out there. They're not going do anything with it except just be listed on an exchange for selling. People are going to buy it and fold for it just for the hype of it. But what can they do but sell it? Nothing. It's just another coin that the creators created so that they can make money off the hype for a longer period of time than just creating yet another animal or joke coin that everyone else is doing.

Nobody is making new coins so that it becomes an actual currency. They're just all making coins to get some easy BTC's.

What's the problem with having a lot of coins for different purposes?

It's a way to generate money to pay the folders with, that's it...and it's a proof of concept as well.
Coin can be forked, and new features implemented to the original code if need be, what's important is Stanford's support, and the dev team, which is really capable.

Primecoin generates a few different prime number chains, that's it...Can't compare that to generating an incentive for people to fold!!!

Come on, Curecoin is the number 1 team in the world right now, and it took 3 days since launch. Give credit where credit is due wink.gif
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post #19 of 76 (permalink) Old 05-14-2014, 01:30 PM
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Yeah I'm one of the first 20 people to post in their original ANN I believe. I was skeptic then, and I'm still skeptical now.

No I don't think they're getting financial incentives from a 3rd party for the folding efforts. Personally I feel like they're just taking advantage of [email protected] to generate the hype. They're just going to sell their coins and the bigger the hype, the more BTC's they'll get from it.

I feel like they're just learning from the experience of Primecoin. It was so hyped up that it slowly fell unlike the other coins that falls in value quickly when created. But in the end all they did was make a mine-able coin and not go anywhere with it. They didn't go mainstream with it or anything. It's just mine and dump, mine and dump.

I feel like that's all curecoin is going to be. Just like all these other coins out there. They're not going do anything with it except just be listed on an exchange for selling. People are going to buy it and fold for it just for the hype of it. But what can they do but sell it? Nothing. It's just another coin that the creators created so that they can make money off the hype for a longer period of time than just creating yet another animal or joke coin that everyone else is doing.

Nobody is making new coins so that it becomes an actual currency. They're just all making coins to get some easy BTC's.

I agree with you that exploiting [email protected] as a clever way to get BTC was one of my original fears. However, I've done my due diligence. The concept and coin have a long history, as can be seen here and here. The same devs are still with the coin. IMO, I feel that it is absolutely *not* a BTC grab. The Primecoin example seems like a logical analogy, but I think one has to realize that programs like [email protected]/BOINC are orders of magnitude more important than exotic prime number discovery (no offense math geekers). In my view, even *if*, in the very unlikely event, that CureCoin is only just a means to the greedy goals of the devs, is it not better than just "wasting" compute cycles to endlessly hash a blockchain? Even with only ~400 active folders pointed at the CureCoin pool, the CureCoin team has submitted more points to [email protected] in the past 24 hours than the next 5 teams, combined. That is useful, scientific output that more than likely wasn't being generated only a week ago. CureCoin brings people into the [email protected] community that previously were not there, and makes real, tangible use of their (probably) recently purchased compute power. To me, it is a very tough sell to say that these developments are a bad thing.

Does FOLDING make you feel MAGICAL? Of COURSE it does!

"It may not seem logical, but trust me. I know where I'm going. And it's far."


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post #20 of 76 (permalink) Old 05-14-2014, 01:39 PM
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It's about time. Can you pool mine this coin? I think that would be a great leap forward for medical-based distributed computing because we could combine our computing resources to get larger work units done.

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