Amigacoin

[phoenixkonsole]

I understand that it is targeted to our "communities" but A comes before B... so at wikipedia this one comes first ; )

Could you explain me (as a noob) what your hopes are / what use we as community can make of this? I missed the hype around Bitcoins (sure I saw it in media but didn't dig into this).

[phoenixkonsole]

I am really interested (not trying to make it bad here).
For example you could try to convince me to accept them as payment method.
Why should I and why could I? The problem would be for me:
Ok i get Amigacoins but what can I do with them.
Chicken egg problem ; )
Ordering Pizza would be nice.

EDIT:
Makes it sense to add a miner to AEROS for Pi? : D
Mine is always on... doing nothing at most.

[sonountaleban]

Yep, right... for example, a developer can ask Amigacoins for its software, updates  and so on, and/or users can buy those services with Amigacoins (or real money, obviously it depends by developers). Most developers are like volunteers here and I think it can be a way to "boost" developing on Amiga, where there is a lack of real money.

Maybe it can make sense making a port, just we need to convert all assembly x86 parts into arm architecture... ;-)

I am really interested (not trying to make it bad here).
For example you could try to convince me to accept them as payment method.
Why should I and why could I? The problem would be for me:
Ok i get Amigacoins but what can I do with them.
Chicken egg problem ; )
Ordering Pizza would be nice.

[phoenixkonsole]

Okidoki but most developers need to pay bills.
It seems surreal if money is created by calculating hashes only.

Let's do an example:
I need to pay 43€ per month for hosting and such stuff
How could i pay it by accepting Amigacoins?

How many Amigacoins do I need to exchange them in 2 steps (AGA->BTC->EUR)
to pay my bill.

Seems strange : )

At some point there must be a real money volume behind it. There must exist a interest in buying Amigacoins with real money, so the poor developer can sell again his earned Amigacoins to real money (or AGA->BTC->EUR).

I could not copy and paste those numbers from https://cryptoaltex.com (. is , and vise versa in germany), maybe i lost a digit behind the "," but it looks as 1€ could be equal to 80000 - 100 000 Amigacoins.
But those numbers are based on what again : )

I fear that if I would accept them that the first guys "miners" pay me with just hot air created from a PC-fan ... And the end would be that I can do nothing with them by myself.

Chicken egg.

On the other hand it is a thrilling idea to have a own Amiga currency : p
Maybe I accept them in exchange to indieCoins with a fixed exchange rate to € at some point ; )

[phoenixkonsole]

0.3 khash/s !!
Running on Raspberry Pi ; )
Earning money while playing : p

https://www.youtube.com/watch?v=qUigNkhktFk&list=HL1401640347&feature=mh_lolz

[YOUTUBE]qUigNkhktFk[/YOUTUBE]

[sonountaleban]

Ehm... I didn't say that crypto-currencies will replace fiat money completely. However, I'm not very able to explain really deeply how cryptomoney works, you can start look here http://www.coindesk.com for example. There are a lot of technical and not articles around bitcoin world.

Okidoki but most developers need to pay bills.
It seems surreal if money is created by calculating hashes only.

Let's do an example:
I need to pay 43€ per month for hosting and such stuff
How could i pay it by accepting Amigacoins?

How many Amigacoins do I need to exchange them in 2 steps (AGA->BTC->EUR)
to pay my bill.

Seems strange : )

At some point there must be a real money volume behind it. There must exist a interest in buying Amigacoins with real money, so the poor developer can sell again his earned Amigacoins to real money (or AGA->BTC->EUR).

I could not copy and paste those numbers from https://cryptoaltex.com (. is , and vise versa in germany), maybe i lost a digit behind the "," but it looks as 1€ could be equal to 80000 - 100 000 Amigacoins.
But those numbers are based on what again : )

I fear that if I would accept them that the first guys "miners" pay me with just hot air created from a PC-fan ... And the end would be that I can do nothing with them by myself.

Chicken egg.

On the other hand it is a thrilling idea to have a own Amiga currency : p
Maybe I accept them in exchange to indieCoins with a fixed exchange rate to € at some point ; )

[sonountaleban]

o_O

Right... I forgot there is a version of cpuminer for Linux+ARM!

0.3 khash/s !!
Running on Raspberry Pi ; )
Earning money while playing : p

https://www.youtube.com/watch?v=qUigNkhktFk&list=HL1401640347&feature=mh_lolz

[YOUTUBE]qUigNkhktFk[/YOUTUBE]

[phoenixkonsole]

Someone must do the first step ; )
I am offering AEROS Plus for Pi (download only) for 1000000 Amigacoins (price will drop)

For a AmigaOS4 wallet i would check out Amicygnix, maybe a easier way to port it.

[klx300r]

cool there seems to be more amigans mining Amigacoins today last time I checked

[phoenixkonsole]

A online wallet could be the solution for classics.

[phoenixkonsole]

Pricedrop:
Aeros plus for pi (downloadversion) costs now 900000AGA.

[phoenixkonsole]

Deflation 2.0
Price is now 750000AGA

[phoenixkonsole]

Update:

Final price for AEROS Plus for Pi download version is:
105000 Amigacoins
-------------------
Pizza (medium size) + Cola costs 250000.
-------------------
5€ donation to a power2people bounty costs 150000  (70€ budget right now , 05 of june 2014)
-------------------
500 indieCoins cost 75000 AGA
--------------------

[Valiant]

@sonountaleban

     Any change in the status of this discussion?

[bbond007]

If it was made 68K only and mining adjusted for Amiga I would give it a go otherwise no thanks :/

Mining cryptocurrencies maxes out your hardware 24/7 which is something it was never designed to do. Not only that but your vintage hardware is extremely inefficient CPU per cycle and replacement parts vary from expensive to unattainable. Its not like running a BBS were your system is just on 24/7.

This would be akin to driving for UBER in a mid to late 50's gas guzzler with unsynchronized 3 speed manual transmission, unassisted drum brakes and non-power steering. Not a good model for success...

The wallet working on classic hardware would probably be enough

[Atheist]

You may be bitconning and not even know it!

https://www.wired.com/story/cryptojacking-cryptocurrency-mining-browser/

Hell, they should GIVE US A COMPUTER if.......


We (promise to sometimes) dig dig dig dig dig dig dig in our mine the
whole day through
To dig dig dig dig dig dig dig is what we really like to do
It ain't no trick to get rich quick
If you dig dig dig with a shovel or a pick
In a mine! In a mine! In a mine! In a mine!
Where a million diamonds shine!

We dig dig dig dig dig dig dig from early morn till night
We dig dig dig dig dig dig dig up everything in sight
We dig up diamonds by the score
A thousand rubies, sometimes more
But we don't know what we dig 'em for
We dig dig dig a-dig dig

Heigh-ho, Heigh-ho
Heigh-ho, Heigh-ho
Heigh-ho


Visualise it here:
https://www.youtube.com/watch?v=HI0x0KYChq4