I thought I was the only one who knew about KOIN mining but I was wrong, obviously :D . How many posts have you read about KOIN mining on Leofinance? 100 or more? There were more than 100 miners actively scrambling on Discord yesterday trying to figure out how to fix mining issues. I was one of the un/lucky ones.
First thing first, I have never ever mined and understood the idea of mining. I always thought mining was highly technical, energy intensive and time consuming process. So, when I read a post on KOIN by @ervin-lemark, I pondered a bit and then let it go. Then again, the day of the mining, FOMO kicked in and I downloaded the app, funded ETH and let it mine. No fancy computer but my old Macbook with rudimentary computing power, I managed to collect 200 odd KOIN. I don't know what will be the value of these coins. I have yet to read the white paper. I jumped in because I was thrilled to be part of something from the onset.
It is a similar idea to be part of Hive or Leofinance. We are always proud to being early adopters or early movers. KOIN seems to be something new and innovative. It could be a total dud and i may have wasted all my money in a scam project. Or, I will have a chunk of something that will give me additional leverage in the next six months when we are done with the mining.
As cheap I am, i set the proof of frequency to one time a week to save on ETH gas fees. Hope that still works.
Here you go, another KOIN post for you. List me with all the others. Yes I am one of the shitposters trying to achieve the Leodolphin status and I know @trumpman will be happy. He is the king :)
Posted Using LeoFinance Beta
so far, I haven't obtained any KOIN... I think I am going to stop here the stupid miner
Some on discord are saying restarting the computer, changing the proof frequency and changing the ETH endpoint address solved their problem.
Posted Using LeoFinance Beta
I did it also...I am tired of this :-(
I have no idea. May be folks on Discord can help. There were two from the team providing suggestions on Discord yesterday.
Yup, and if the miner is working and we are not getting any coins... Who is getting them? Trash miner.
Lol. Apologies :)
I could not control myself.
Early adopter is a word, yes :)
In the end, it may be everything you mentioned - a scam, a huge success. Or, more likely, something in between. I bet on the last one.
About the reporting frequency. After several more days, when I see that the reports are working (they are now with miner v1.0.1), I'll switch to weekly too.
Good luck with mining!
Yeah, I received an email from the team today where they mentioned they have a new stable version. I will try that out and leave it to luck in mining those coins. My mac will remain turned on for a week at least.
It's working. I already have several proofs submitted with the new miner.
Good luck!
I hope mine is working fine. I will know that in 5 days.
I cheer for you :)
In the meantime, I installed the third miner, five minutes of work. This one is on a notebook and will only work from time to time. It's not powerful enough.
Have a great weekend.
Thanks.
Quick question. Do you need to fund for all the miners that you own or you can use the same funding address for all miners?
This is a tricky question :)
Officially, you have to set a different funding address for every miner you install.
Unofficially, it works with the same address for each miner. The trick is to use the Recover Key button after you install your second miner, and then enter the password and all 12 words of the phrase from the first miner.
This way you'll be using the same funding address for both miners.
The problem could arise when both miners try to post their results at the same time. You can avoid this by keeping them on a different schedule. It's extremely unlikely to happen, in my opinion, when you have them reporting daily or at even longer intervals.
So, yes, I am funding all three miners that I currently run, from the same address.
Yet, it is your decision and your risk! :)