Bitcoin Forum

Hello everyone, today I want to discuss the QOOBER project, the mechanism of its paramining, and a problem that seems obvious to me, but which for some reason no one is talking about it.

Let's start briefly about QOOBER: a very young project that was released about a month ago. They created their own blockchain designed for fast and inexpensive international transfers and financial transactions for business and everyday life. In addition, the cryptocurrency can be used to generate passive income on Paramining.

What is paramining? In fact, this is POS-mining with an increased reward due to the turnover of referrals, the duration of storage, and some other small things..) Buy coins, just keep them in your wallet and get Every Day Profit. Coins can be sold back at any time.

But there's a catch... Coin accrual for paramining is made with a balance of 100 coins or more! At the moment, it's about $100. For a normal investor, the amount is not so large, I agree. But many people will already find it weighty. In addition, look at the exchange rate of the coin: accelerated from 20 cents to the dollar in 10 days, X5! Where's the limit? If they started this way, this rally may continue for quite a long time. And each added cent to the price will affect on rising minimal threshold of paramining.

As a result, we have one simple thing: you either need to buy coins right now, or you will have to wait until third-party developers stick their projects on the blockchain, which will solve this issue.

Just another pump & dump.

 Also off topic, this is the mining section.

excuse me. But does paramining not relate to mining?. Or we only discuss POW mining here?

Pump & dump is an investment scam that has nothing to do with mining and is
not limited to crypto investments.

No it doesn't relate.  You are talking about proof of stake.  And as you said at the end of your paragraph, the only way to stake coins is to buy them.  Completel unrelated to mining