[ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink

[Fermin]

I know what I'm getting my girlfriend for her birthday - this badass octopus tentacle jewelry.

+1

[frameLAlife]

This coin is now live on Prelude.io exchange. The exchange is currently in beta and looks great.

Well, another low volume beta exchange. But, I must say the site is nice  I'll keep it on my list!

I'm transferring some 888 there now.

So far, this one and cryptoaltex are my favs.

We still need some volume though. This will do for now

[niothor]

We are getting there guys!

Crap , first place has 2,5x the votes.

[frameLAlife]

We are getting there guys!

Crap , first place has 2,5x the votes.

Very true. But we gained very quickly. I am curious how much of that might have been bought. I do know quite a few have said they were voting.

The good thing is being in 3rd if we just maintain eventually the two ahead of us could be picked up even if we do not pass them.

It will be interesting to watch.

[DrBlaiser]

3rd place now. Doing great! We also have more user votes than any other coin btw, so keep up the good work 

https://i.imgur.com/aofLIk4.png

[littlecoin]

i need pool.

[niothor]

We are getting there guys!

Crap , first place has 2,5x the votes.

Very true. But we gained very quickly. I am curious how much of that might have been bought. I do know quite a few have said they were voting.

The good thing is being in 3rd if we just maintain eventually the two ahead of us could be picked up even if we do not pass them.

It will be interesting to watch.

How often are coins added from that list?

[edric]

i need pool.

Come mine at 888.fedaykin.us! Please read about our stratum server, it's 888US.fedaykin.us:3333, use that for mining.



In other news, I think I'm going to take down the Singapore stratum server, with our hashrate in the dumps right now, it's not economically feasible to keep it going. I don't think anyone is using it anyway, but if anyone is, please switch to 888US.fedaykin.us!

[chiznitz]

This coin is now live on Prelude.io exchange. The exchange is currently in beta and looks great.

Well, another low volume beta exchange. But, I must say the site is nice  I'll keep it on my list!

I'm transferring some 888 there now.

So far, this one and cryptoaltex are my favs.

We still need some volume though. This will do for now

Thanks for the kind words frame.  If you ever hop on irc please stop in #octocoin, it seems myself and a bot have some conversations but he really never talks besides asking me to go vote at cryptorush


In other news, we are currently trying to promote our exchange with a slightly more unique way to vote for a coin.  Hopefully this generates more traffic which should increase volume for all coins on our site.  We will continue to work hard to register new customers and we hope they decide to pickup some 888 along the way.

Details of program below.

 
Want your favorite coin listed on CryptoALTeX?

Welcome to CryptoALTeX's Get Listed Program

The Get Listed program offers some unique ways to get a coin listed.  Each registered user gets 1 vote per day for their coin.  You can also donate .001BTC to your coins posted address on our "Get Listed" page.


Each vote or .001BTC donation generates a "Chance" at being listed. The coin with the most chances after 3 days will automatically be listed on our site. The remaining coins that have a minimum of 100 chances will have their chances entered into a random selection which we will live stream and record. The coin that wins, will be listed. All unselected chances will roll over to the next drawing.

This means that the big money coins won't always win, giving the little guy a chance. 

Want your coin added? Please enter a ticket at https://cryptoaltex.freshdesk.com with some information about your coin and we will generate a deposit address and place your coin into the contest!

Next drawing: Wednesday at 8PM UTC

Please visit, https://www.cryptoaltex.com/index.php?page=newcoin to see the current coins and votes.

CryptoALTeX reserves the right to list any coin at any time regardless of the drawing. Any coin listed for trading on CryptoALTeX that is already part of the drawing will have its chances removed from the drawing. In the event CryptoALTeX decides to list the top two coins of the week, the other coins will still have a random drawing.


Thanks all and feedback is always welcome,

Chiznitz

[cornfed82]

2nd place on Crypto Rush!

[cornfed82]

This coin is now live on Prelude.io exchange. The exchange is currently in beta and looks great.

Well, another low volume beta exchange. But, I must say the site is nice  I'll keep it on my list!

I'm transferring some 888 there now.

So far, this one and cryptoaltex are my favs.

We still need some volume though. This will do for now

Thanks for the kind words frame.  If you ever hop on irc please stop in #octocoin, it seems myself and a bot have some conversations but he really never talks besides asking me to go vote at cryptorush


In other news, we are currently trying to promote our exchange with a slightly more unique way to vote for a coin.  Hopefully this generates more traffic which should increase volume for all coins on our site.  We will continue to work hard to register new customers and we hope they decide to pickup some 888 along the way.

Details of program below.

 
Want your favorite coin listed on CryptoALTeX?

Welcome to CryptoALTeX's Get Listed Program

The Get Listed program offers some unique ways to get a coin listed.  Each registered user gets 1 vote per day for their coin.  You can also donate .001BTC to your coins posted address on our "Get Listed" page.


Each vote or .001BTC donation generates a "Chance" at being listed. The coin with the most chances after 3 days will automatically be listed on our site. The remaining coins that have a minimum of 100 chances will have their chances entered into a random selection which we will live stream and record. The coin that wins, will be listed. All unselected chances will roll over to the next drawing.

This means that the big money coins won't always win, giving the little guy a chance. 

Want your coin added? Please enter a ticket at https://cryptoaltex.freshdesk.com with some information about your coin and we will generate a deposit address and place your coin into the contest!

Next drawing: Wednesday at 8PM UTC

Please visit, https://www.cryptoaltex.com/index.php?page=newcoin to see the current coins and votes.

CryptoALTeX reserves the right to list any coin at any time regardless of the drawing. Any coin listed for trading on CryptoALTeX that is already part of the drawing will have its chances removed from the drawing. In the event CryptoALTeX decides to list the top two coins of the week, the other coins will still have a random drawing.


Thanks all and feedback is always welcome,

Chiznitz

Sounds like a neat way to handle the new coin process! Good luck with your exchange - I like the looks.

[OctoCoin]

We realize that people are anxiously awaiting a progress update; what we can provide is firm assurance that the projects we are working on are progressing quite well. In the coming days, we will provide some screenshots/teasers of a couple of our smaller stage 1 projects. Full disclosure: a portion of our financing has been provided by an investor from the gaming industry - as such, gaming has always been a part of the (early) 888 equation. So, while the first wave of releases will primarily consist of games, they will be OctoCoin-exclusive and of a level of quality rarely seen in the cryptocurrency space (at least in our experience.) This should provide a good entry into the currency to help keep things interesting without exposing the details surrounding the projects that will make up the true heart and soul of OctoCoin: business tools and services. We want to bring all of these worlds together like never before by making it viable to use while simultaneously putting cryptocurrency within reach of every business and every individual across the globe. While all of these products will feature OctoCoin, we will reserve the right to make them available for other major currencies as well should we conclude it to be necessary. If things play out the way I personally believe they will, 888 will end up on the largest possible stage.

Our first wave of commerce and investment-based projects remain at least 1-2 months out which should provide plenty of time to establish a stable base value for 888. We are in the #2 position at CryptoRush and will likely be added at some point this week; this is another step forward, no doubt, and will be enough to get OctoCoin listed at coinmarketcap.com, but the exchange goal is to get listed on MintPal before April. If we begin to approach that goal via voting/community effort, the OctoCoin team will certainly pitch in the BTC needed to get us across the finish line (as long as it isn't something ridiculous - don't want to make promises we cannot keep!) While it may prove easier to get listed on Cryptsy, MintPal will be a better longterm fit for OctoCoin and remains a higher priority from our perspective.

Hype has faded a bit, prices have dwindled a bit on the handful of shaky exchanges trading 888, and from the outside it likely appears things have stagnated. This is a world where attention can be diverted by the newest shiny object - we anticipated a slow period around this point. We expect obstacles and eat them for breakfast. 10 days in the crypto world is like 10 years in the stock market - no other market has this level of uncertainty mixed with a lack of regulation and inexperienced investors - it is truly bordering on insanity and that's part of what makes it so interesting. Rest-assured, we are hard at work building the software and finalizing the business models that will eventually form the base of OctoCoin. Immature investors with short attention spans are not a good fit for this community as 888 has a long-term plan that will unfold over the course of time. We are dedicated to the success of OctoCoin and unforgiving when it comes to quality control. If you feel your hash power and/or money is better spent on coins like "RainbowGoldCoin," "DopeCoin," "JipLOOT," or the "[insert country name here]coin" scam of the week, OctoCoin likely isn't for you. Certainly a little luck and a bit of timing may be able to net you a small profit investing in those coins but, at the risk of sounding elitist, 888 is on a completely different level. That being said, we also know that well done is better than well said. There are 10 new coins/day being launched and for those of you that have hung with us, you have truly made a wise decision. The block reward subsidy will remain at the current level for nearly another three months - plenty of time to show you what we're made of.

"Patience, grasshopper..."

[rurikar]

i need pool.

Come mine at 888.fedaykin.us! Please read about our stratum server, it's 888US.fedaykin.us:3333, use that for mining.



In other news, I think I'm going to take down the Singapore stratum server, with our hashrate in the dumps right now, it's not economically feasible to keep it going. I don't think anyone is using it anyway, but if anyone is, please switch to 888US.fedaykin.us!

Just threw my whole 50 KH at your pool, lets do this!

[ozie]

We realize that people are anxiously awaiting a progress update; what we can provide is firm assurance that the projects we are working on are progressing quite well. In the coming days, we will provide some screenshots/teasers of a couple of our smaller stage 1 projects. Full disclosure: a portion of our financing has been provided by an investor from the gaming industry - as such, gaming has always been a part of the (early) 888 equation. So, while the first wave of releases will primarily consist of games, they will be OctoCoin-exclusive and of a level of quality rarely seen in the cryptocurrency space (at least in our experience.) This should provide a good entry into the currency to help keep things interesting without exposing the details surrounding the projects that will make up the true heart and soul of OctoCoin: business tools and services. We want to bring all of these worlds together like never before by making it viable to use while simultaneously putting cryptocurrency within reach of every business and every individual across the globe. While all of these products will feature OctoCoin, we will reserve the right to make them available for other major currencies as well should we conclude it to be necessary. If things play out the way I personally believe they will, 888 will end up on the largest possible stage.

Our first wave of commerce and investment-based projects remain at least 1-2 months out which should provide plenty of time to establish a stable base value for 888. We are in the #2 position at CryptoRush and will likely be added at some point this week; this is another step forward, no doubt, and will be enough to get OctoCoin listed at coinmarketcap.com, but the exchange goal is to get listed on MintPal before April. If we begin to approach that goal via voting/community effort, the OctoCoin team will certainly pitch in the BTC needed to get us across the finish line (as long as it isn't something ridiculous - don't want to make promises we cannot keep!) While it may prove easier to get listed on Cryptsy, MintPal will be a better longterm fit for OctoCoin and remains a higher priority from our perspective.

Hype has faded a bit, prices have dwindled a bit on the handful of shaky exchanges trading 888, and from the outside it likely appears things have stagnated. This is a world where attention can be diverted by the newest shiny object - we anticipated a slow period around this point. We expect obstacles and eat them for breakfast. 10 days in the crypto world is like 10 years in the stock market - no other market has this level of uncertainty mixed with a lack of regulation and inexperienced investors - it is truly bordering on insanity and that's part of what makes it so interesting. Rest-assured, we are hard at work building the software and finalizing the business models that will eventually form the base of OctoCoin. Immature investors with short attention spans are not a good fit for this community as 888 has a long-term plan that will unfold over the course of time. We are dedicated to the success of OctoCoin and unforgiving when it comes to quality control. If you feel your hash power and/or money is better spent on coins like "RainbowGoldCoin," "DopeCoin," "JipLOOT," or the "[insert country name here]coin" scam of the week, OctoCoin likely isn't for you. Certainly a little luck and a bit of timing may be able to net you a small profit investing in those coins but, at the risk of sounding elitist, 888 is on a completely different level. That being said, we also know that well done is better than well said. There are 10 new coins/day being launched and for those of you that have hung with us, you have truly made a wise decision. The block reward subsidy will remain at the current level for nearly another three months - plenty of time to show you what we're made of.

"Patience, grasshopper..."

We are still here. Waiting, voting and dreaming about a brighter Future 

[edric]

If we can get the pool at http://888.fedaykin.us back to ~80MH, I will lower fees to back to 0.5% in an effort to show my gratitude.

I've been glad to be a part of this thus far and looking forward to a bright future!

Don't forget about our weekly 25% giveaway! We can only have a prize if we have miners, though, so come in and mine!

[SlientBit]

edric, it's funny how they didn't shred your tk link on sig
Better update it, though , since you're using another domain now

As to pump your ash rate, well ... you do know that some pools are 0% fee/donation only, right? Competition is tough, but its necessary. You need to find yourself another competitive advantage (the 25% giveaway isn't convincing, I'm afraid).
I'll be glad to move my meager 600Khs over, but not at a loss, sorry bro. Keep the light shining!

[CharityMiningPools]

CharityMiningPools - Donate to Charity while you Mine!

888.charityminingpools.com

Be a pioneer and help us get started, come mine while making a difference.  

Mandatory 0.5% donation fee goes to the BitGive Foundation this month.  We welcome and encourage you to donate more to a good cause.

STRATUM, VARDIFF, Datacenter Redundant Server Farm, Load Balanced Servers, Frequent Backups
0.5% Mandatory Donation fee to a Good Cause, 0.5% Pool Fees, 0% AP TX Fees

Who Are We?
CharityMiningPools was created to allow miners the ability to mine coins while still knowing that their hashing power is going towards something good.  Our goal is to provide a positive and reliable service while delivering a small portion of the proceeds to a deserving recipient.  Plans are in the works to allow individual miners to choose where they would like to donate to based on a pool of available recipients.

How Does This Work?
All coins minded at CharityMiningPools will require a mandatory 0.5% Donation fee.  This donation fee will be collected and donated to the designated charitable recipient for that given month.  Though we only require a minimum 0.5% Donation fee, we welcome and encourage our miners to raise the stakes and donate more to a good cause.

Cheers!
CharityMiningPools

[edric]

edric, it's funny how they didn't shred your tk link on sig
Better update it, though , since you're using another domain now

As to pump your ash rate, well ... you do know that some pools are 0% fee/donation only, right? Competition is tough, but its necessary. You need to find yourself another competitive advantage (the 25% giveaway isn't convincing, I'm afraid).
I'll be glad to move my meager 600Khs over, but not at a loss, sorry bro. Keep the light shining!

Yeah, it's pretty tough keeping your head above water when running pools, I hate charging a fee, but unfortunately a necessity since I'm just starting out in the last month. I like to offer some type of incentive to mine with my pools, which is why I do the giveaway, but I do agree, there needs to be something else. If we were a big pool, the 25% could be a pretty substantial reward up for grabs. We will get there one day, like you said, keep the light shining!

I'll change my link in my profile now.. Honestly, forgot all about it, been very busy behind the scenes.

[MEGAman]

edric, it's funny how they didn't shred your tk link on sig
Better update it, though , since you're using another domain now

As to pump your ash rate, well ... you do know that some pools are 0% fee/donation only, right? Competition is tough, but its necessary. You need to find yourself another competitive advantage (the 25% giveaway isn't convincing, I'm afraid).
I'll be glad to move my meager 600Khs over, but not at a loss, sorry bro. Keep the light shining!

Yeah, it's pretty tough keeping your head above water when running pools, I hate charging a fee, but unfortunately a necessity since I'm just starting out in the last month. I like to offer some type of incentive to mine with my pools, which is why I do the giveaway, but I do agree, there needs to be something else. If we were a big pool, the 25% could be a pretty substantial reward up for grabs. We will get there one day, like you said, keep the light shining!

I'll change my link in my profile now.. Honestly, forgot all about it, been very busy behind the scenes.

0.5% fee is ridiculously low. Even if your pool was free, people would still think they were doing you a favor mining there. 0.5% with a 25% giveaway? That's basically nothing - if anything, people mining at your pool should certainly be donating on top of that for the service you provide instead of considering it a "fee" - people are so damn greedy. You've had an awesome pool that has been bumping since Octo launched, you've been active, you've been updating it as you went along. Man we should be so lucky to have somebody like you running a pool for us to mine at. I hope you add some other high quality coins as well because you are my go-to guy. You have to pay for servers, domains, maintenance - people underestimate the value of a quality pool that isn't dropping shares and whatnot. Those percentages on the blocks page mean nothing if the shares are never making it into the database due to lag - FusionHash and edric have offered the best daily returns of any of the pools and I've tried them all. Sometimes you get what you pay for and at 0.5% you aren't even paying much. Plus a 25% giveaway? Crazy. Most new coins have launched pools charging 2% - 3% fees.

[SlientBit]

MEGAman, it's nice that you appreciate and support edric's efforts. He's being with Octo from the start and deserves it, for sure.

Now, take a minute and think about the dynamics of pools - MPOS, that is, since p2pools are a different kind of beast - from the point of view of a small hasher like myself (600~700 KHs):

• Unless we stick to small sized pools, that allow for low diff contributions and have very few miners, our hashing power pays out close to nothing
• If the coin we're hashing doesn't come through or doesn't sustain itself above a few satoshis, there's no way the mining costs are ever going to be covered, let alone having a profit
• Transaction fees in MPOS pools tend to be significant, specially if the payout is low, and so we keep our gains in the pool's wallet for long periods, and that makes it unavailable for other purposes like trading or PoS interest gains

For all of these, if we can use the same hash power and not pay any fee, it makes a difference!
In Octo's particular case, now that the blocks are paying only 88 coins, the math is easy, but i'll give you some hard facts:

I'm mining in another pool (sorry edric, but I guess you already knew that from my previous post), one where the number of workers is low, dif is low and is very stable (I will not say the name, 'cause I want to keep it that way ), and it uses PROP - with my low hash power, I'm able to consistently pull between 15% and 18% of the payout, so my octos are coming with a very nice rate. On top of that, this pool had the change of finding one of those superblocks that pay 888 and I got close to 184 octos!
If I was on edric's pool, my hash power would probably afford me only a couple of octos, so both me and edric would essentially be waiting our resources, 'cause 75% of 0.5% of a few coins is pretty close to nothing.

So, you see, relative numbers mean nothing unless you do the math and look at the actual values. Edric's 0.5% means something to me that probably means almost nothing to another miner that's able to use GHs across several pools.
The network needs all of us, so we need options for all of us, even if that means that swell guys like edric don't get my hash power