|
how does the stake work? exactly same as blackcoin?
|
|
|
|
|
From the SubReddit of Blackcoin
Blackcoin has a few very strong advantages going forwards against Bitcoin, Litecoin, and all the other Proof of Work coins. It's the developmental leader of Proof of Stake, which cuts out the middlemen of Proof of Work, the miners, allowing holders of the coins to do the work and receive the benefits of mining instead.
As can be seen in the bitcoin community at the moment, users and miners when separate can quite easily be at odds.
Another benefit of Proof of Stake is that it eliminates the competition for ever increasing processing power.
Essentially, in Proof of Work, the lottery of who records each block goes randomly to someone who's mining. It's a common misconception that PoW mining is meaningful work, it's random numbercrunching, it's purpose is to determine a random person to write each block in order to decentralize the network. Ironically the ever increasing competition in order to solve blocks has actually ultimately lead to the formation of pools, and the centralization of the network.
In Proof of Stake the number of tickets you have in the lottery of solving the next block is determined by how many coins you have staking. The probability of solving the next block is essentially however many coins you have staking over however many coins on the entire network are staking. As long as you stake you're actually beating inflation, which is a nice side effect of this method.
Proof of Stake is not only a more elegant solution than Proof of Work, but yields more benefits to those who use and hold the coins. Proof of Stake is also more scaleable, as blocktime is unrelated to security, and can simply be shortened to meet scaleabilty needs, something that Proof of Work cannot do.
|
|
|
|
|
The Problem about Bitcoin is that it doesnt have enough Solid trustworthy Offline value.
For example , lets say the government declares a Order which forbids to hoard bitcoins and to buy bitcoins , and they shutdown all mining farms . So tell me how you are going to cover your coins with a dead network and no one to able to move it?
On the other hand , Gold has a Physical value , you can touch it rub ur di.ck on it do w/e .
Or lets say the Network implodes in itself because of the high traffic?
Im a bit sceptical but these questions had to be asked at some point dont they?
|
|
|
|
i dont know the exact loan days in china ,but china should soon put some more money in crypto soon when people get their money  Mining should be soon get unprofitable due to more and more people joining it again IMO the price of blk should be minimum 1$ because since 2014 Blackcoin was always in a "healthy" situation we survived the altcoins trouble termination years from 2014 to 2016 We've had nearly a solid price for like 1 year We have short transaction times We are energy efficient You can basically "stake" (mine) by literally having a mini pc which consumes only less than 5 watts or even rasperry pi's You dont need tons of hash's. You dont need to wait like hours for your coins to show up on your wallet. |
|
|
|
Nice sale right now , good for me , cheap coins gonna buy more |
|
|
|
oh baby we will miss these wild days in altcoinland  |
|
|
|
Prices will continue to rise. I think it's just the beginning. There are a lot of people are entering the digital currency market.
Crazy more than imagined
The Magic Price edgeline is 1$ if we pass thru this price , a whole lot a people gonna jump in especially more dev's If the price keeps rising every week for 20% next year the price will be over 1$ , right now the cryptoland is getting flooded with huge amount of people buying everything they can  |
|
|
|
Well , we nearly touched the all time high of BLK , i wonder where the next Bottom will be. If there will be no Bitcoin and crypto crisis we can expect nearly the same price as Litecoin There is still a long way to the ATH of BLK at almost 100000 sats during its first huge pump on Mintpal. For sure if it will be overtaken it can easily go 10X from there. I just scroll down my transaction history in my BLK wallet and i reall had 50K Blackys as the price was 0.023 Dollar LOL , Fck my life man   Seems like china is Pushing price hard to the sky |
|
|
|
Well , we nearly touched the all time high of BLK , i wonder where the next Bottom will be. If there will be no Bitcoin and crypto crisis we can expect nearly the same price as Litecoin |
|
|
|
It was long enough time waiting for the price of BLK to shot up. Already above 10000 sats on Poloniex and rising. I feel this is only the start of a huge increase in value supported by great news coming soon.  With this rate of Increase it'll be 2 Dollar soon , good for those who hodl'd a long time... i only have 2k Blackys  still in profit  |
|
|
|
I dont know why but i love this coin so much that i check it everyday ... One of my favourite coins of alltime still buying |
|
|
|
this is the end.... |
|
|
|
|
he pays you , your own bitcoin back , simple , and a rewward cut here and there , and some stolen bitcoin , and voila here you get scam
|
|
|
|
I can not help but wonder this gang behavior towards customers. "Admin": 2015-07-03 06:47:58 Deez nuts. 2015-07-03 06:47:58 Go FUD elsewhere 2015-07-03 04:31:02 So fuck off, and get out if you're unhappy. 2015-07-03 03:44:55 So put the FUD helmets on. 2015-07-03 00:57:36 I control all these bots with fucked up personalities. 2015-07-02 15:35:00 Renzo, You couldn't shoot me even if I gave you my coordinates, fool. 2015-06-29 15:24:17 LazyBoy, Fuck off. 2015-06-29 13:52:26 Don't need interpol after us on homicide charges  2015-06-29 13:52:26 Just kidding. 2015-06-29 13:52:26 Or not. Wow. Seems like a real nice, trustworthy guy. At least scryptards will give this criminal their money freely. I can understand, somebody dont like this, but scrypt.cc is still something like "beta version" . Me personaly have no problem with this "style". Ask yourself what is better. Some very nice support in some very trusted mining site, who would never use word "fuck" , but you have contract and if you decide to leave you cant, and your earnings are so low that you will actually never see your money back? , OR some arogant "admin" support but you can really double your money in two months? Dont forget he has right - you can take your money back and leave anytime. Very unique in cloudmining industry. And very very unique in ponzi-scam sites. So decide yourself... I dont defend him, It IS horrible, but if you dont like it, who is pulling you there? Or if you are already there, who is holding you there? NOBODY. So I dont see problem. Its in beta like 2 years now |
|
|
|
Their database seems buggy. I sold 136,000 KHS this morning. The BTC balance of about .9 BTC sat there and then suddenly disappeared for no apparent reason. The KHS balance after the sale is intact. Submitted a ticket, hope they restore the balance in the near future.
Dont worry , support never answers |
|
|
|
 lmfao im crying cuz of laughing hahaahahahahah , very well im sure this is santos himself |
|
|
|
|
Show Posts
