 Show Posts
|
|
Pages: « 1 [2] 3 4 »
|
So from my understanding we have to wait after all 30 rounds is over before cashing out our MTC for BTC?
Yes, correct. You have to wait for the distribution ends so we can have an official cash out rate. |
|
|
|
M-ATM is a place to cash out Multicoin for Bitcoin.
i saw them all Pending or Invalid amount on the website. for example: Appeared in MultiCoin 355 (2014-04-17 01:22:15) 4515cc057c81dbc612d13d0589a58a2fc638c29e01d22412107bc694211b4988 is it ready yet? It will start working after the 30 day period Not everyone can wait a month. You should explain earlier, we do not know to wait 30 days to get the btc. You should have a set that can be canceled at http://multicoin.me/matm. then we can exchange our coins. Theres text like this in the ATM "You will receive your Bitcoin immediately after the distribution ended" and I missed it too  Really weird I can only cash after 30 round, means : 1. You want make have a price but no stock in the market to keep price steady 2. You want make any BTC you got to invest in something (just another borrow trick) 3. Its scam But I still want be positive, Ill invest more with my traded btc and wait after 30 cycle... So my question : 1. Why should WE wait until 30 cycles over ? 2. If I sold my multicoin now at 0.00000098. Then at last round over the price only 0.00000025. Which price I will get ? As I explained earlier the M-ATM is working based only on the total amount of BTC generated from the distribution. You will be able to cash out your MUL at the fixed price but this price can not be calculated yet. The price showed on the website is not the price of the last round, It's only an estimated price calculated based on the finished rounds. This is not an official price yet. All MUL will be able to exchange back to BTC at an official price after the distribution ended no matter how you got the MUL. If you don't want to wait and want to get BTC right now, you can always use a third party exchange like: https://bittrex.com/Market/Index?MarketName=BTC-MULIt's currently trading at around 1000 satoshi 10 times higher than the price of M-ATM |
|
|
|
Good idea, but it takes too long for each transaction.
Usually a transaction is confirmed after 6 blocks which only takes 6 minutes. 1094 2014-04-19 01:37:12 3 278242597.0161684 0.757 300000050 0.101065 924.754 98.3238% 1093 2014-04-19 01:07:59 3 556796112.20463067 0.189 300000050 0.0995949 924.734 98.3427% 1099 2014-04-19 02:14:30 3 554834080.21275094 0.003 300000050 0.102986 924.78 98.2992% 1098 2014-04-19 02:02:00 3 555194743.3722619 0.012 300000050 0.102338 924.771 98.3076% 1118 2014-04-19 03:39:36 4 549931232.99542947 0.056 300000050 0.107731 924.839 98.2381% 1117 2014-04-19 03:23:12 3 550241778.83514812 0.046 300000050 0.106782 924.828 98.2504% Yes, the current confirmation time is longer than expected because there are not many transactions fee to mine yet, so not many miners are mining. But with the decentralized ATM and Multipool protocol implemented, a lot of transactions will happen and there are many transactions fee for miners. At this point, miners will come in and mine for transactions fee, resulting in a stable confirmation time. |
|
|
|
Good idea, but it takes too long for each transaction.
Usually a transaction is confirmed after 6 blocks which only takes 6 minutes. |
|
|
|
Hi Multiman,
I think that wasn´t a good idea to configure the register process in the dominion as anonymous, you are planting the idea that you will run away with the BTCs.
Could you give us any guarranty about that security and honesty of the proyect?
Why you didnt include POS?
Which are your plans for the future?
Regards.
Bitcross.
I'm using POW instead of POS because there is another unique feature of MULTICOIN that can only be implemented if we use POW. A protocol built on top of MultiCoin help making the M-ATM decentralized. I will announce more details after the distribution ended. Thank you for the question anyway, those are good questions. Many people need these informations. I'll put it in the FAQ section. |
|
|
|
Hi Multiman,
I think that wasn´t a good idea to configure the register process in the dominion as anonymous, you are planting the idea that you will run away with the BTCs.
Could you give us any guarranty about that security and honesty of the proyect?
Why you didnt include POS?
Which are your plans for the future?
Regards.
Bitcross.
I'm using POW instead of POS because there is another unique feature of MULTICOIN that can only be implemented if we use POW. A protocol built on top of MultiCoin help making the M-ATM decentralized. I will announce more details after the distribution ended. |
|
|
|
http://prntscr.com/3b8p2m I am having problems syncing my wallet, yesterday it was fine. But it has been trying to sync for around 10 hours now. And I tried restarting it a few hours ago still having the same problem. BTW Im using mac Which block number are you at? |
|
|
|
|
I forgot to mention that I also contacted poloniex to list Multicoin.
|
|
|
|
We need to get on mintpal to really get the ball rolling. Maybe list on all exchanges and we will start voting. It will take a long time without bribes
Voting won't work, you will need at least 17 BTC to be listed on Mintpal: https://www.mintpal.com/voting |
|
|
|
EDIT: the ATM setup solely depends on your estimate of multicoin price. If you inflate the amount of BTC being generated, this coin is just a scam.
I don't think I can inflate anything. All the informations are public on the website. You can always check statuses of previous rounds here: http://multicoin.me/historyand status of the current round here: http://multicoin.me/roundThe informations about every round are pretty clear. |
|
|
|
There are 0.34 Bitcoin invested from Investors this round and 3.76 Bitcoin generated from miners this round.
The price is calculate very simple: Total bitcoin generated from miners and investors of the previous round divide by the total number of MUL sent out. So there is always enough BTC for the ATM to fulfill cash out requests.
All right, for round 2, 0.34 BTC came from investor while 3.76 from miner. So that 0.34/(0.34+3.76) or 8.3% BTC came from investors. The link below says 58.76%. http://multicoin.me/history/2Besides, round 2 has about 300MH/S on average according to your site but generate 3.76 BTC over 24 hours. The efficiency beats every multipool on the market by a large margin. Is it right? http://poolpicker.eu/text.phpEDIT: the ATM setup solely depends on your estimate of multicoin price. If you inflate the amount of BTC being generate, this coin is just a scam. The hashrate is not 300 MH/s over 24 hours. There were miners mined at stopped mining over the past 24 hours. 300 MH/s is just the current hashrate. The current running round with 0.34 BTC invested and 300 MH/s is 3. The link here: http://multicoin.me/history/2 shows the finished round which is round 2. There was 4.06 Bitcoin invested and 2.85 BTC generated from miners that round. |
|
|
|
How is the 0.34 BTC from investment being able to generate 2.85 BTC? If such is the formula to calculate multicoin price, how can you make sure the ATM has enough BTC to supply for cashing out request?
The total amount of bitcoin generated is coming from 2 sources: Miners and Investors. There are 30 rounds, each round last 24 hours. There are 5,000,000 MUL sent to Miners and 5,000,000 MUL sent to Investors each round. Current round number is: 3 There are 0.34 Bitcoin invested from Investors this round and 3.76 Bitcoin generated from miners this round. The price is calculate very simple: Total bitcoin generated from miners and investors of the previous round divide by the total number of MUL sent out. So there is always enough BTC for the ATM to fulfill cash out requests. |
|
|
|
Is there any plans to get it listed on exchanges or are you waiting till all the coins have been distributed before that?
Already contacted bittrex to list the coin. |
|
|
|
My wallet is stuck again - block 998
Your wallet is not stuck. Block 998 is the current highest block. You can check the blocks here: http://explorer.multicoin.me/ |
|
|
|
What about the risk of you just keeping all the 69.5 BTC
i have the same question.... it is another edge... I witnessed the whole StackCoin thing. They took the coins and ran away because they can not deliver the system they promised (an built-in exchange coin). Since MultiCoin is already launched and the M-ATM is already working, meaning the coin is delivered, there is no reason for me to do the same. |
|
|
|
This a bug?
mdG9tW1vgGqKK5eFbZxQwmEHkURvR1turc 0.00 MH/s 532,768 10.86 % 543,081.44 MTC 0.60506 BTC
This guy mined for a while then stopped mining so it shows some hashrate but the hashrate speed is 0 MH/s. Also filter in that list is not working as it should.
The top hash rate is 9mh and a 14mh is at the bottom with the other 1mh guys
The list sorting is not working as expected but this won't effect the data. I'll take a look at the table and see if it can be fixed. How long this coin to be confirmed on the MUL wallet? I receive 3 hours already but unconfirmed
Usually it only takes 6 minutes. multiman , 24 hours pass but still unconfirmed   What is your address? I'll take a look My MUL add: mSzFFxDh2Fa618E4RdKeVvoZFqirR4WFQ8 The 26568 transaction is an invalid transaction and it will never get confirmed. |
|
|
|
How long this coin to be confirmed on the MUL wallet? I receive 3 hours already but unconfirmed
Usually it only takes 6 minutes. multiman , 24 hours pass but still unconfirmed What is your address? I'll take a look |
|
|
|
I sent some coins to the atm and it says invalid amount do I get them back or what happens?
Your Multicoin must worth at least 0.001 BTC to receive payment from the ATM. But the current price of Multicoin is not the final price yet so you will have to wait until the distribution is over. If your sent Multicoins is still below the minimum requirement, you will get a refund. |
|
|
|
|
