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

[karkkis]

Just wanted to say Hi to all after a while.

I enjoy this discussion thread because of its maturity and good attitude...  Which is btw quite non-existant in most other
altcoin threads.....

-keep up the good spirit!

[bholzer]

So, as the majority investor in Fedaykin's OctoChance, I'd like to urge more individuals to come try their luck (or invest!) The house edge is razor-thin; you aren't going to find odds this good in Vegas!

[frameLAlife]

So, as the majority investor in Fedaykin's OctoChance, I'd like to urge more individuals to come try their luck (or invest!) The house edge is razor-thin; you aren't going to find odds this good in Vegas!

i'm gonna try it out i think. i'm just waiting for my dang deposit to clear. i'll be on chat there if any of you guys get bored. i'm prolly gonna invest half and play with half of my deposit.

[frameLAlife]

http://octo-chance.fedaykin.us/

octo chance is pretty fun... so far i'm up so i'm gonna keep my winnings. if you get bored and want to play with your octo check it out and see how lucky you are 

[bholzer]

Ordered some of Jay's jerky using OctoCoin - thanks Jay! Of course I couldn't stand to part with the coins so I had to immediately go buy them back on Bittrex 

Looking forward to taking delivery - my mouth was watering while I was browsing!

[SquidsIn]

I mean... look at this 1 week Octocharts...  What must a coin do more to be spotted and added by mintpal on it's own??? 

I'm quite liking the nice steady accumulation.  Yes we could do with more support and more volume, but too much hype and you get into damaging P&D territory.  It's a very fine balance.  What we really need is more of what we have, i.e. mature, level headed miners / traders, services when they are ready, followed by real world adoption.  Stay patient, keep the faith and most importantly, keep 888 out of the hands of the children.

[deepcoreotc]

WIN A FREE BAG OF JERKY

From  now until Sunday June 30 at 11:59pm(mst)  All orders placed will be entered in a change to win a free bag of jerky.

Another way to be entered into the contest is by sharing our link on your Facebook page and post a link to your Facebook page showing you have link our page in here on this forum.

Thanks much for all your support. More great fun stuff coming your way from JaysJerky soon.

http://jaysjerkyandgoodies.auctivacommerce.com/



http://jaysjerkyandgoodies.auctivacommerce.com/

[joshycoin]

Seems like no matter how hard we vote we keep getting further from #1 on MintPal. So many P&D coins... UGH!!! Maybe with the recent price increase we can eventually be one of those coins that gets to bypass the vote. Having said that, if the Dev's aren't ready then I'll be patient. I have just voted so dang hard lol!!!

[he-man]

It wont matter. Bittrex got great volume, once this coin takes off, mintpal will add it.

[djslick]

It wont matter. Bittrex got great volume, once this coin takes off, mintpal will add it.

yeah take a look at cloak, it was doing 2000 BTC volume on bittrex in a day when mintpal decided to add it, then everyone added it. bittrex is actually pretty good now, love their new charts and vuying/selling options. i'd say they're the #2 trading site after MP, and quickly catching up, could overtake MP. poloniex is a bit of a joke, they denied cloak publicly spreading fud that the source was no good, which was proven false, then they publicly denied another coin, can't remember which, but they said they found some "strange" variable in the source that looked suspiscious. they started fudding against the coin without ever talking to the coin's devs about it, and turns out the variable was %100 harmless, and infact whoever was doing the auditing didn't really understand what they were looking at at all. ugh, i want to remember the name of the coin but i can't, anyone else follow that story? was funny shit. poloniex got pwned.

*EDIT it was super coin, here:

https://asktom.cf/index.php?topic=652351.0

the coin is meh, but it was bad on them to spread fud without just cause, even though they set out to do good. turns out that there are many listed coins which have this same max coins variable higher. so they'd have to pull like half the coins they have listed.

[ThePeePs]

Hey guys. Just wanted to let you all know that I still have my P2Pool node (see my sig) up for Octo, and I don't plan on taking it down anytime soon.  P2Pool is a great way to help keep the hash distributed over the network.

If anyone wants to setup a new node, and needs some help, I am more then willing to lend a hand.  I can be reached here, or on IRC. 

PeePs

[FusionHash]

On July 4th, bholzer's Murraycoin changes from Scrypt to Scrypt-N. Shortly before that happens, we will be launching all-new pools for Murraycoin, Anoncoin, and OctoCoin. The plan is that we will tie them together with our private internal currency exchange which is currently trading an additional 8 x/BTC pairs. We plan to simultaneously release a Scrypt Murraycoin multipool so that ASIC miners can continue to mine Murraycoin even after the change to Scrypt-N as well as an X11/Scrypt-N OctoCoin multipool that will allow GPU miners to mine OctoCoin more efficiently by auto-trading on the exchanges. We plan to leverage a combination of our internal exchange, Cryptsy, Bittrex, and MintPal to ensure we can get everybody the best per-hash returns possible and will maintain a detailed statistics page. Both bholzer and the OctoCoin devs have expressed concerns that this will inflate the prices too rapidly raising the point of entry before they are ready while doing nothing to secure the blockchain since the increase in hashpower will be spread around other coins - in our experience, this will actually attract more people to the respective currencies and stabilize the network speeds anyway as it will increase both demand and volume on the exchanges. If it creates any stability issues or rapid-deflation we will certainly adjust accordingly and perhaps return a combo of MRY+BTC and 888+BTC allowing the miners to choose what to do with the BTC portion. Our goal is simply to provide more efficient ways for people to mine the coins they want to mine regardless of algorithm and the type of hardware they are using.

The OctoCoin multipool will require special mining software since it will be automatically switching between X11 and Scrypt-N. This also means 2 different sets of optimal settings for GPUs. We are still working on the best way to handle it so while the pool itself may be ready by July 4th it could take a few additional days to get the mining software out. Personally, we believe this will provide a big boost for OctoCoin and expand reach and interest. Keep in mind we're open to suggestions from the community or, if this is something you guys don't want, please let us know and we can have a discussion about it. One of the OctoCoin developers is actually overseeing the project if that helps alleviate any possible concerns. Also, bholzer has officially signed off on the Scrypt Murraycoin multipool plan and it's one of the reasons he didn't build both algorithms directly into the coin. Yes we have an in-house GPU farm and yes we will likely be putting a portion of it on our new OctoCoin pool but that isn't the reason we are creating it - we are doing this for the community.

Thank you for mining with FusionHash!

[peterw]

Exciting! I'm really psyched to be involved with a coin with such (at least seemingly) smart and rational people / teams involved, too.

I have a bunch of octo, but I may need to get some MRY now.

So glad I stumbled across fusionhash a while back.

[bholzer]

On July 4th, bholzer's Murraycoin changes from Scrypt to Scrypt-N. Shortly before that happens, we will be launching all-new pools for Murraycoin, Anoncoin, and OctoCoin. The plan is that we will tie them together with our private internal currency exchange which is currently trading an additional 8 x/BTC pairs. We plan to simultaneously release a Scrypt Murraycoin multipool so that ASIC miners can continue to mine Murraycoin even after the change to Scrypt-N as well as an X11/Scrypt-N OctoCoin multipool that will allow GPU miners to mine OctoCoin more efficiently by auto-trading on the exchanges. We plan to leverage a combination of our internal exchange, Cryptsy, Bittrex, and MintPal to ensure we can get everybody the best per-hash returns possible and will maintain a detailed statistics page. Both bholzer and the OctoCoin devs have expressed concerns that this will inflate the prices too rapidly raising the point of entry before they are ready while doing nothing to secure the blockchain since the increase in hashpower will be spread around other coins - in our experience, this will actually attract more people to the respective currencies and stabilize the network speeds anyway as it will increase both demand and volume on the exchanges. If it creates any stability issues or rapid-deflation we will certainly adjust accordingly and perhaps return a combo of MRY+BTC and 888+BTC allowing the miners to choose what to do with the BTC portion. Our goal is simply to provide more efficient ways for people to mine the coins they want to mine regardless of algorithm and the type of hardware they are using.

The OctoCoin multipool will require special mining software since it will be automatically switching between X11 and Scrypt-N. This also means 2 different sets of optimal settings for GPUs. We are still working on the best way to handle it so while the pool itself may be ready by July 4th it could take a few additional days to get the mining software out. Personally, we believe this will provide a big boost for OctoCoin and expand reach and interest. Keep in mind we're open to suggestions from the community or, if this is something you guys don't want, please let us know and we can have a discussion about it. One of the OctoCoin developers is actually overseeing the project if that helps alleviate any possible concerns. Also, bholzer has officially signed off on the Scrypt Murraycoin multipool plan and it's one of the reasons he didn't build both algorithms directly into the coin. Yes we have an in-house GPU farm and yes we will likely be putting a portion of it on our new OctoCoin pool but that isn't the reason we are creating it - we are doing this for the community.

Thank you for mining with FusionHash!

Just for accuracy-sake, Murraycoin switches to "Scrypt-2048" - this is the current PoW method of Scrypt-N coins but in 2015/etc when the Scrypt-N coins automatically jump to Scrypt-4096, Murraycoin will remain Scrypt-2048. So Vertminer/etc can be used in place of the official MurrayMiner initially but eventually that will change. Not a huge deal - just wanted to clear that up.

Also - stoked for the OctoCoin multipool. I have a massive collection of GPU rigs myself and right now they're cranking away on Vertcoin+Monocle (merge-mined). After power costs, I'm barely breaking even as-is (although the merged Monocle helps soften the blow) and I would much rather be putting that hash power into 888. My sole ASIC is cranking away on Murraycoin, of course, until the switch to Scrypt-2048 in July. I've been mining alts non-stop for nearly 2 years now and never sell what I mine so I've managed to amass what is possibly the most ridiculous altcoin collection known to man  

Wish I had more 888 - other than a couple of brief lulls it has been tough to mine since minutes after launch. I was a few minutes late to the party on launch day and remember logging in from my hotel and seeing 2 Gh/s 20 minutes after it was launched (and that was pre-ASIC).

[heartastack]

I'm not trying to be a downer but I don't see the differentiating point in this coin. I asked before and the response sounded more like homeopathy than science. I know the 888 is positively conspicous for Chinese with 8 being a lucky number. Maybe that's why I'm only getting superstitous responses? Is that enough to ensure success?

[GWCalvert]

I'm not trying to be a downer but I don't see the differentiating point in this coin. I asked before and the response sounded more like homeopathy than science. I know the 888 is positively conspicous for Chinese with 8 being a lucky number. Maybe that's why I'm only getting superstitous responses? Is that enough to ensure success?

If you would read through the thread (I know there is a lot to take in), particularly the dev-team's posts, you would understand that the services being developed for this coin are unlike the common fair being splashed about for most coins. There is real money and real development behind this coin. It's not some teenager in his parent's basement trying to make a couple of bitcoin to by some grass.

Many of the projects for this coin are being kept secret by the OctoDevs. If they are truly groundbreaking apps, I do not blame them for keeping them under wraps, as there would be twenty coins by next week saying they already have that feature. Just like all of the coins out there saying they are anonymous because DarkCoin is nearing a breakthrough and the price skyrocketed. The alt-coin world is full of copycats and if I was working on something innovative, I would keep the lid on it until it was ready to go.

I personally believe in people doing their own due diligence on whatever investment they want to make. With that being said: Read the "OctoCoin" (dev) posts throughout the thread from beginning to end and I think you will have a better picture of things.

(Hint) To see the dev-team's posts, click their name on one of their posts and it will take you to their profile page. Scroll down that page and click view recent posts and that will bring up every post they have made on the forum.

[bholzer]

I'm not trying to be a downer but I don't see the differentiating point in this coin. I asked before and the response sounded more like homeopathy than science. I know the 888 is positively conspicous for Chinese with 8 being a lucky number. Maybe that's why I'm only getting superstitous responses? Is that enough to ensure success?

I guess for starters, it has an awesome community that has stuck together for over 3 months. Maybe that doesn't sound like much but can you say the same thing about the last 10 coins that were added to MintPal?

I have personally met two of the developers at SXSW this year and they are both real developers for big companies - more than I can say for almost any other coin. Obviously that might not affect other people but that was a major component for myself.

The devs are always professional and on-point. There was a solid launch with some great pools. The new wallet is built on the Bitcoin Core 0.9.2 source (even before Bitcoin Core 0.9.2 was officially released) and I actually used part of their work to update my own coin because I was so impressed. There are no "country" gimmicks or "POS-only" gimmicks and so far I'm just happy with the way things are going. There was a modest premine (< 1%) but none of it has been touched after over 3 months and the devs have given a large quantity of coins to compensate some of the pool operators for their expenses. One month, edric was in a jam to pay some bills and one of the OctoCoin devs shot him over part of a bitcoin right away to help him out (not even a loan) - I was really impressed by that. I've had a private chat with "OctoCoin" and was impressed by his knowledge and description of their gameplan as well. In a world where most developers are making coins to make a quick buck off a pump-and-dump these guys are a breath of fresh air.

I support several coins but this is probably the one I'm most excited about right now. The devs aren't trying to rush it onto MintPal and the entire thread isn't solely focused on the price of 888 like most coins. If you are skeptical there is nothing wrong with that, man - it's good to do your research and always invest with caution. We would be happy to help answer any specific questions you may have - like I said this community is solid.

[deepcoreotc]

WIN A FREE BAG OF JERKY

From  now until Sunday June 30 at 11:59pm(mst)  All orders placed will be entered in a change to win a free bag of jerky.

Another way to be entered into the contest is by sharing our link on your Facebook page and post a link to your Facebook page showing you have link our page in here on this forum.

Thanks much for all your support. More great fun stuff coming your way from JaysJerky soon.

http://jaysjerkyandgoodies.auctivacommerce.com/



http://jaysjerkyandgoodies.auctivacommerce.com/

[bholzer]

The genius in this release gives me chills. The slow roll and gently flowing value - it's almost like they intend to create an actual currency 

Can't remember the last time I saw anything like it.

[thenotfatguy]

WIN A FREE BAG OF JERKY

From  now until Sunday June 30 at 11:59pm(mst)  All orders placed will be entered in a change to win a free bag of jerky.

Another way to be entered into the contest is by sharing our link on your Facebook page and post a link to your Facebook page showing you have link our page in here on this forum.

Thanks much for all your support. More great fun stuff coming your way from JaysJerky soon.

http://jaysjerkyandgoodies.auctivacommerce.com/



http://jaysjerkyandgoodies.auctivacommerce.com/

Jay, that's the third time you have posted this exact same advertisement here in the last 48 hours.

The majority of OctoCoiners who are jerky lovers probably know about your business. no need to spam