McxNOW Cryptoexchange Suspends Trading and New User Signups

Microcash - General Discussion

Microcash is a new form of cryptographic currency, currently under development. Bitcoin has been a genius proof-of-concept and proof-of-adoption digital commodity. The Microcash project hopes to vastly improve upon the distributed cryptographic currency idea with numerous innovations that current crypto-currencies cannot implement due to the nature of the bitcoin protocol.
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**Update From The Einsteinium Dev Team**

~~~~ Mini Einsteinium Team Update ~~~~
VOTE FOR EINSTEINIUM ON CRYPTSY.COM Yes that's right - Cryptsy now also have voting We strongly feel that being listed on both http://coinmarketcap.com/ and http://www.coinwarz.com/cryptocurrency would be hugely beneficial in getting the word out about Einsteinium to the wider alt community to do this we need to be listed on a major exchange - Cryptsy is one of those exchanges! Vote here: https://www.cryptsy.com/coinvotes/ (you have to be a Cryptsy memebr to vote)
If you have even the smallest amount of BTC to spare send it here: 1DpJn1CdytHXfzCdg4kXXe3vNDZmJqh48D 0.0002 BTC = 1 Vote for Einsteinium
http://einsteinium.org
The Einsteinium Foundation proudly announce: Einsteinium: Launched 1st March 2014, 6pm GMT Current Epoch: 1
DOWNLOADS: Windows: https://mega.co.nz/#!PJQ03SjC!mXhRbX8lLiiYbhd8FMal4kwDZdND8luzTClZ_er6db4 Mac OSX: https://mega.co.nz/#!CNwCzYoL!cOmoUA82qmaSJ_mUribCWozBnDj0vYaP3VhxIzl5-KM Source Code: https://github.com/einsteinium/einsteinium
About the Einsteinium Foundation
The Einsteinium Foundation was created to help, in any small way it can, raise funding for cutting edge scientific research. To this aim we created Einsteinium, a new cryptocurrency (similar to Bitcoin), to gather funds that can be distributed to projects the community chooses. Combined with donations from the community at large we will help fund some of the most innovative projects currently under-way or help seed those waiting to start.
The Goals
The principle task of the Foundation will be organize the selection and distribution of the Einsteinium Fund that is collected each month from the community mining the Coin and direct donations the Fund.
Each month a small selection of projects we the Foundation think are worthy of support will be collated together with suggestions from you the community. Voting will be held during the last few days of each month, the winner of the poll is selected and the funds passed over.
There will be no restrictions as to who is eligible for inclusion in the monthly selection for voting, the only criteria is that the science involved is pushing our understanding forward and could build us a better, safer and more interesting future.
From simple Kickstarter project to the Gates Foundations effort against Malaria, if between the Einsteinium community and the Foundation we reach consensus that the project is worthy we will send the funds.
Details and Special Rewards When a Wormhole is good for you.
Epochs The mining of Einsteinium is divided into Epochs, each Epoch is 36000 blocks long and is targeted to last 25 days. The Proof of Work mining of Einsteinium will last 730 Epochs.
Wormhole Events: During every Epoch from the start of mining through to Year 10 a random Wormhole Event will occur. A Wormhole Event is 180 blocks long with a reward of 2970 Einsteinium per block. This is a fixed value reward irrespective of the current block reward and replaces the standard reward for that block. A Wormhole Event is randomly generated and can start at any time during an Epoch, but will ALWAYS be 180 blocks long.
Continued appeal
As we move past 25th Epoch the Wormhole Events, in conjunction with the rising value of Einsteinium, will be a substantial incentive for smaller miners to continue mining. With a reward of hundreds of times the standard block value up for grabs you won’t want to miss a Wormhole Event
And Remember! With every block mined we are funding the future!
Einsteinium Foundation Fund Wallet address: EKnqTC9XEuucZEhD3miDGnbJxBptcxhByA
Fair Launch No pre-announcement, everyone has a fair chance to solo mine NO pre-mine Kimoto Gravity Well implemented from block 1 Starting reward lasts for 50 days
Exchanges
https://www.allcoin.com/trade/emc2_btc https://pmtocoins.com/index.php?page=trade&market=43 https://cryptoex.cc/market/emc2_btc https://www.cryptoaltex.com/index.php?page=trade&market=12
Profit calculator / difficulty graph
http://sancrypto.info/index/show/EMC2/
Pools
(please use all the pools)
http://emc2.coins4everyone.com https://emc2.suprnova.cc https://emc.maxminers.net http://emc.hashrapid.com http://emc2.poolnetwork.org (0%) http://emc2.mateloft.com http://emc2.botpool.net http://emc2.poolprefecture.com (0%) http://emc2.pitythepool.com http://emc2.gr2pool.eu:24007/static (work in progress) http://emc2.mainpy.com http://emc2.cryptopools.com http://emc2.crunchharder.net http://emc2.lifeforce.info (0%)
The stratum implementation for EMC2 differs slightly due to our donation/block system. Any pool owners wishing to set up a pool for EMC2 may want to review this code first. https://github.com/einsteinium/EMC2-Stratum-Mining
Pool owners please contact us if you wish to be listed as an approved pool in this thread and on the official web site.
Block explorers
http://cryptexplorer.com/chain/Einsteinium
Faucets http://coinrush.pl/emc2/ http://coinok.pw/faucet/emc2 Official Faucet Coming Soon
Block 1 Block 1 is a little larger than the rest of the blocks from Epoch 1 & 2 at 10747. this is to eliminate the need for pesky decimal points in the Wormhole Event blocks. We were really geeky and set the total number of Einsteinium to be equal to the speed of light in m/sec (in a vacuum!). Unfortunately that particular universal constant didn't play along when we divided it down so, mildly OCD that we are, we preferred a Wormhole block to be 2973 instead of 2973.4blahblahblahblahblah!. To be honest my OCD wanted to plump with 2970, but that would have made block 1 WAY to big.
Bounties None currently
Press & News Articles http://coinappeal.com/einsteinium-coin-for-science/
...and Finally Einsteinium is a cryptocurrency aimed at supporting and funding scientific research, all the automatic donations will be distributed to mutually agreed upon projects and the very small 0.5% gathered for faucets and give-aways won't be spent buying onto exchanges or paying out spurious bounties. Every single ECM2 we spend or give away will be very carefully considered, it will be used to spread the word and build the community, it won't be frittered away on bribes or on something we can do ourselves. And don't worry, if we build this community together and make it strong we WILL get listed on the exchanges!
The Einsteinium Launch Team are listening and active on this thread, if you have ANY questions please ask. Please be as courteous as you can to your fellow community members and to us, the Einsteinium team. Please be aware that the majority of the team are located in the UK (GMT+0) so responses to your questions may be slower between 1am & 6am GMT - we have to sleep sometime!
~~~~ The Latest Einsteinium Team Update ~~~~ 4th March 2014 - 10pm GMT
We have just turned 3 days old! Time to burp us and change the nappy
That’s right Einsteinium is JUST 3 days old, and yet we already find ourselves listed on 2 exchanges, a third, www.Lazycoins.com, will be listing EMC2 from the outset. We have twelve pools, two faucets which we, and you the community, are keeping stocked, plus a block explorer. As I write this the network is at 1.33GH/s there have been 5626 blocks mined totalling 5,761,024 EMC2 in circulation.
EMC2 is bouncing between 400 and 1400 sat on the exchanges, even if the volume is low, which considering the turmoil the alt markets have been seeing over the past few weeks we see as a major achievement. But we know that EMC2 is worthy of a higher price and are confident that when listed on an exchange with larger volume we will see the price start to climb towards our short term target.
So, please keep voting for us on Cryptorush and Mintpal!
https://cryptorush.in/index.php?p=vote https://www.mintpal.com/voting
We also strongly feel that being listed on both http://coinmarketcap.com/ and http://www.coinwarz.com/cryptocurrency would be hugely beneficial in getting the word out about Einsteinium to the wider alt community, therefore, if you are member of any of their required exchanges please hit them up and request that they list EMC2/BTC.
BTC-e - Crypsty - CoinEx - Coins-E - Bter - Vircurex - CoinMarket.io - Crypto-Trade.com - CoinedUp - mcxNow
Down To Business We are growing the team!
We would like to welcome on board the first member of the community to join the Einsteinium Team; Kreativekrypto
We will be reaching out over the next 24 hours to one or two other members on this thread to enquire if they would like to get more deeply involved – keep an eye on you PM inbox Smiley
Android Wallet We have an Android wallet in progress for Einsteinium, it’s not far off so we’ll keep you posted on the progress.
Press Recognition We are reaching out to a number of blogs and traditional media in an effort to raise awareness of Einsteinium, Crypto blogs are an obvious first port of call and hopefully you’ll be seeing the Press & Article section of the OP start to fill up nicely. We are not stopping there though, we are casting the net further afield and contacting science and technology media as well. If anyone has a direct line to a blogger or journalist please point them here and the foundation website and have them reach out to [email protected] – it’s not what you know it’s who you know!
Reddit and Twitter Kreativekrypto will be leading our Reddit and Twitter initiatives. With the team still currently low on numbers we’ll be starting off with moderate sized competitions, but expect them to grow over time.
The Funds There is a very interesting concept we are testing internally with regards to the Einsteinium Foundation Fund. If it pans out as we hope you’ll all be the first to know Cheesy
Transparency We will be publishing the main fund wallet address very soon and that will be followed by a public ledger of transactions. DONE!
...AND
Please, Please, Please send us some suggestions for science related projects that you feel are worthy of support by the Einsteinium Foundation. Leave your ideas here or contact us through the web site www.einsteinium.org. We have selected four to get things rolling, you can see them here: http://einsteinium.org/nominations/ THIS is heart and soul of Einsteinium, we want the funding to be as democratic and inclusive as we can possibly make it – get nominating!
Together we are funding the future with the future of currency!
We NEED Your Feedback
As you will no doubt be aware because of the block halving the collection for the coin promotion fund is weighted towards the first 3 years of mining. However, we have been working with figures that spread the promotion fund equally over the first 10 years of the coins life. That gives us a little under 7000 EMC2 each Epoch to spend on promotions and give-aways.
Now, that puts us in a quandary, there is ECM2 in the pot to achieve certain goals in the very short term, purchase 'votes' to get on cryptorush or Mintpal, pay for advertising and hire marketers. However that would leave the promotion fund much shorter in numbers of EMC2 in years to come, for example it would take around 250,000 ECM2 to buy sufficient ‘votes’ to get us listed on Cryptorush, a site we are confident that we will be listed on organically over time. Of course the counter-point to this argument is that in years to come the value of EMC2 will be significantly higher.
So we open it up to the community. Do we spent now or ensure that there are promotion funds for many years to come?
Thank You. The Einsteinium Team
submitted by kreativegameboss to einsteinium [link] [comments]

Is mcxNOW turning into a wasteland of altcoins?

Source: http://www.cryptocoinsnews.com/2014/03/11/mcxnow-turning-wasteland-altcoins/
It would seem MCXNow is going through it's own problems right now. And perhaps dragging down MaxCoin with it.
The price of their mcxFEE shares have recently hit the floor. The trolling has reached epidemic proportions on this exchange. It's past time for the admin to step in to try and do something to curb the trolling, spreading of FUD & misinformation and manipulation of noob traders to try and bring back some semblance of rationality to this marketplace.
mcxNOW used to be one of the hottest cryptocurrency exchange around until RealSolid, whose real name is a “hidden secret”, shut it down late fall of 2013 because he experienced too many customer problems. He decided that he would improve the exchange making sure it would not cause problems for his customers again when withdrawing or depositing different cryptocurrencies.
When mcxNOW got back up after a long time left out in the cold, it immediately started to pick up where it had left with a total trade amount of above 1000 bitcoins. The fuel continued to burn when RealSolid decided to add MaxCoin to the exchange.
MaxCoin, like most of the other coins that are launched with big endorsements, initially peaked then to have what’s called a slow death. Some altcoins manage to revamp their expectations by doing some major changes, but unless there is an economy built around the cryptocurrencies themselves, they won’t survive.
RealSolid has time after time told his users of mcxNOW that he would add Dogecoin soon. We even got confirmation after confirmation that “this week is it”. It is now clear to see that RealSolid has a major problem with following up on his promises, including running what we would call a business.
By not adding Dogecoin, one of the most traded altcoins out there, he shows a lack of understanding of basic market economics. It seems like he has given up on mcxNOW and what he wanted to make “the world’s greatest digital exchange”.
When he also sold 5000 of his remaining 10 000 mcxFEEs to sell, he told us that he would not sell his remaining 5000 mcxFEEs for a long time. However after a short period, his last batch was sold. RealSolid is either two or more people, or, well you get the math.
After RealSolid cashed in many thousands of bitcoins on mcxFEEs, he could be suffering from greed and megalomania. This makes the small amount he now makes on his remaining mcxFEEs irrelevant and, therefore, mcxNOW irrelevant.
I would go so far to say that if you have any mcxFEE at mcxNOW now, I would seriously consider selling it for a loss just to get some value out of it and transfer the bitcoins out of the exchange.
If RealSolid doesn’t change his business ethics and methods, mcxNOW will not survive.
submitted by m_murfy to maxcoin [link] [comments]

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