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2421  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin -Mandatory Update Needed Super Wallet 1.2 Released on: June 12, 2014, 08:18:36 AM


Supercoin Version 1.2 a mandatory upgrade,
mining pools and exchanges please upgrade as soon as possible


Download: http://www.super-coin.net/SuperCoin12.zip
Download2: https://mega.co.nz/#!EoJAURQZ!Mn-vb1gXBNbdAQzYsqUKIcjq8PXGRsRu15_-L0riQFo

updated source: https://github.com/supercoinproject/supercoin

This is a mandatory upgrade, please upgrade your wallet as soon as possible. The switch point is PoW block 17500 (not overall (PoW+PoS) block). This will be reached in 3-4 days from now.

Initial PoW Payout 512 coins per block will last about 6 more block-days. Then the payout will be halved to 256 coins. From this point on, the payout will be halved every 10 block-days. Superblocks will remain the same as before.

Once the payout reaches 1-2 coins per block, the PoW blocks will be cutoff and no PoW will be allowed. After it, the coin will become a pure PoS coin. The reason we decided to change this, is mainly for security reasons. As the very low PoW payout will cause very low hash rate, and the network is vulnerable to be attacked.

PoS payout and super-PoS blocks will remain unchanged.

With updated payout scheme, the total PoW coins will be about 18.2 millions and total coins (PoW + PoS) is estimated at about 50 millions.


DEV, we have succeed! after Anon wallet come out, we will rank in top 20 on coinmarketcap.

pls send emails to pools and exchange platform, ask them update the wallet and source code.

thank you very much dev!

2422  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 05:27:47 AM
Guys you really pushing the dev team hard, this is good for you. You asked before anonymous thing and we started works on it and already spent many hours for it. And now you're asking reward drop and horrifying us multipools at recent +30 posts. What can we do? :-) This is why we are SUPERcoin... So we plan to reduce payout, to make it less attractive for multipools. But i need some extra support from community it's being little painful and it will require hardfork and all exchanges, pools, block explorers, etc has to be alerted and quick otherwise it can turn to disaster. I'll let you know about time but it will not be today or tomorrow. We need to organize our times.

Because situation is urgent we will take it front of anonymous feature.

I love your attitude in your responses! Grin

Anonymous transfer should still be #1 priority over hard fork.

Once it is proven to work, community will GROW much bigger and this coin will get much better publicity.
Once the reputation has been earned, you can then improve the coin even if it requires a hard fork etc.

Multipool mining SUPER is NOT that critical right now. It's not as bad as some make it out to be.
As it's a PoW coin, it needs miners. Be it multipool or not. Once SUPER is more respected, direct miners will increase.
Let them mine. It allows non-miners with a abundant supply of coins on the exchange to buy off.
This means more distribution amongst more people. That's a good thing. No need to stop that so suddenly.

SUPER is currently not well distributed. Due to a tiny number of people who bought/mined.
This needs to change. Multipool actually helps with distribution if the coin becomes more popular.
Once it is better distributed and gained in market cap, then we can worry about inflation.

So please go with anonymous feature first. It's important to get this out first before many other coins do.
It's a race between which coin has the best capable developers and technical features / differentiators.

Just changing a PoW coin into PoS does not guarantee in better value.

yes.

Anonymous First then Multipool problem.

but Multipool dump their coin again...

I don't see a big problem with them dumping. You make it as if it's the one causing the current low price. It's not.
I'm actually glad that multipool is selling them so cheap to the new investors of supercoin instead of bag holding.
 

that's the reason. watch the market history you will find this.
if price keep dropping, most people will leave.
same thing also happens with bitcoin. if bitcoin price keep dropping, most people will Choose leave....
2423  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 05:14:32 AM
Guys you really pushing the dev team hard, this is good for you. You asked before anonymous thing and we started works on it and already spent many hours for it. And now you're asking reward drop and horrifying us multipools at recent +30 posts. What can we do? :-) This is why we are SUPERcoin... So we plan to reduce payout, to make it less attractive for multipools. But i need some extra support from community it's being little painful and it will require hardfork and all exchanges, pools, block explorers, etc has to be alerted and quick otherwise it can turn to disaster. I'll let you know about time but it will not be today or tomorrow. We need to organize our times.

Because situation is urgent we will take it front of anonymous feature.

thanks for you reply, hard fork is not a big problem,many coins do it before.

just do not run it rush, we can reserved 3 days for all pools and exchange platform update their source. that's both good for supercoin long term development and community growth.

thank you very much. Smiley
2424  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 05:10:54 AM
Guys you really pushing the dev team hard, this is good for you. You asked before anonymous thing and we started works on it and already spent many hours for it. And now you're asking reward drop and horrifying us multipools at recent +30 posts. What can we do? :-) This is why we are SUPERcoin... So we plan to reduce payout, to make it less attractive for multipools. But i need some extra support from community it's being little painful and it will require hardfork and all exchanges, pools, block explorers, etc has to be alerted and quick otherwise it can turn to disaster. I'll let you know about time but it will not be today or tomorrow. We need to organize our times.

Because situation is urgent we will take it front of anonymous feature.

I love your attitude in your responses! Grin

Anonymous transfer should still be #1 priority over hard fork.

Once it is proven to work, community will GROW much bigger and this coin will get much better publicity.
Once the reputation has been earned, you can then improve the coin even if it requires a hard fork etc.

Multipool mining SUPER is NOT that critical right now. It's not as bad as some make it out to be.
As it's a PoW coin, it needs miners. Be it multipool or not. Once SUPER is more respected, direct miners will increase.
Let them mine. It allows non-miners with a abundant supply of coins on the exchange to buy off.
This means more distribution amongst more people. That's a good thing. No need to stop that so suddenly.

SUPER is currently not well distributed. Due to a tiny number of people who bought/mined.
This needs to change. Multipool actually helps with distribution if the coin becomes more popular.
Once it is better distributed and gained in market cap, then we can worry about inflation.

So please go with anonymous feature first. It's important to get this out first before many other coins do.
It's a race between which coin has the best capable developers and technical features / differentiators.

Just changing a PoW coin into PoS does not guarantee in better value.

yes.

Anonymous First then Multipool problem.

but Multipool dump their coin again...

https://bittrex.com/Market/Index?MarketName=BTC-SUPER


06/12/2014 01:09:50 PM   
SELL
0.00001407   511.99990000   0.00720383
06/12/2014 01:09:27 PM   
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0.00001408   2936.74229213   0.04134933
06/12/2014 01:07:01 PM   
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0.00001408   527.25800787   0.00742379
06/12/2014 01:00:49 PM   
SELL
0.00001408   1535.99970000   0.02162687
06/12/2014 12:54:49 PM   
SELL
0.00001407   511.99990000   0.00720383
06/12/2014 12:38:48 PM   
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0.00001407   1023.99980000   0.01440767
06/12/2014 12:36:48 PM   
SELL
0.00001407   2559.99960000   0.03601919
06/12/2014 12:35:34 PM   
BUY
0.00001540   513.13469573   0.00790227
06/12/2014 12:32:49 PM   
SELL
0.00001406   1014.00970000   0.01425697
06/12/2014 12:32:48 PM   
SELL
0.00001425   522.00000000   0.00743850
06/12/2014 12:25:18 PM   
BUY
0.00001413   96.50180806   0.00136357
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SELL
0.00001405   833.70112155   0.01171350
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0.00001410   488.88836587   0.00689332
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0.00001412   1677.41051258   0.02368503
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0.00001412   2037.81068700   0.02877388
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0.00001413   830.99618388   0.01174197
06/12/2014 12:22:48 PM   
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0.00001413   96.50180806   0.00136357
06/12/2014 12:20:48 PM   
SELL
0.00001413   511.99990000   0.00723455
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0.00001413   1512.50250806   0.02137166
06/12/2014 12:16:48 PM   
SELL
0.00001413   511.99990000   0.00723455
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0.00001413   1535.99970000   0.02170367
06/12/2014 12:08:47 PM   
SELL
0.00001412   1535.99970001   0.02168831
06/12/2014 12:07:35 PM   
SELL
0.00001412   11336.53382707   0.16007185
06/12/2014 12:07:35 PM   
SELL
0.00001414   1500.72857813   0.02122030
06/12/2014 12:07:35 PM   
SELL
0.00001420   5957.12020502   0.08459110
06/12/2014 12:07:35 PM   
SELL
0.00001421   1205.61738978   0.01713182
06/12/2014 12:06:48 PM   
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0.00001421   390.27142092   0.00554575
06/12/2014 12:06:48 PM   
SELL
0.00001451   1000.50260806   0.01451729
06/12/2014 12:06:48 PM   
SELL
0.00001460   1192.72286295   0.01741375
06/12/2014 12:05:01 PM   
SELL
0.00001460   1029.06869995   0.01502440
06/12/2014 12:04:48 PM   
SELL
0.00001460   1023.99980000   0.01495039
06/12/2014 12:02:15 PM   
SELL
0.00001460   254.20863710   0.00371144
06/12/2014 11:44:46 AM   
SELL
0.00001420   511.99990000   0.00727039
06/12/2014 11:44:01 AM   
SELL
0.00001420   1530.87989498   0.02173849
06/12/2014 11:38:46 AM   
SELL
0.00001410   511.99990000   0.00721919
06/12/2014 11:36:46 AM   
SELL
0.00001409   385.88329050   0.00543709
06/12/2014 11:36:46 AM   
SELL
0.00001422   126.11660950   0.00179337
06/12/2014 11:34:46 AM   
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0.00001422   1535.99970000   0.02184191
06/12/2014 11:31:46 AM   
SELL
0.00001422   1023.99980000   0.01456127
06/12/2014 11:28:46 AM   
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0.00001422   588.77275823   0.00837234
06/12/2014 11:22:01 AM   
SELL
0.00001422   1023.99939814   0.01456127
06/12/2014 11:17:45 AM   
SELL
0.00001409   358.45418354   0.00505061
06/12/2014 11:17:45 AM   
SELL
0.00001433   100.00000000   0.00143300
06/12/2014 11:17:45 AM   
SELL
0.00001433   488.77275823   0.00700411
06/12/2014 11:15:45 AM   
SELL
0.00001433   511.99990000   0.00733695
06/12/2014 11:04:53 AM   
SELL
0.00001401   50.00000000   0.00070050
06/12/2014 10:59:01 AM   
SELL
0.00001400   395.56348970   0.00553788
06/12/2014 10:55:59 AM   
SELL
0.00001425   8474.18889989   0.12075719
06/12/2014 10:55:55 AM   
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0.00001426   8000.00000000   0.11408000
06/12/2014 10:54:18 AM   
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0.00001481   7688.00009999   0.11385928
2425  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 01:43:22 AM
http://www.super-coin.net/

dev Please  update the Anon features on the supercoin website.

people come from coinmarketcap will check our website.

thanks.


97    SuperCoin   $ 100,943   $ 0.010014   10,079,856 SUPER   $ 40,853   +131.05 %
2426  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 01:37:12 AM
even in ordinary mining pool  http://super.pool.mn/, there is a Multipool mining at that place

Rank   Donor   User Name        KH/s                                       SCOIN/Day
1      anonymous             4,856,695   (4G hash rate)               118,981.305(0.1 Million perday)
2      keepwalking1234     41,565                                        1,018.284
3      windblow11             20,158                                        493.846
4      feckingidiot            19,552                                        478.992
5      maxti                   15,298                                        374.771



Pool Hashrate: 5,960.85 MH/s
Pool Workers: 33
Net Hashrate: 24,735.63 MH/s

so we have about 17G+4G=21G hashrate come from Multipool, so they control about 21G/24.7G= 85% everyday's coin supply and will dump their coin soon....

i hate this  Grin
2427  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 01:22:45 AM
DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...


you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.

similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping

Further more, POS mining is a more greener  way for coin distribution, it do not need GPU cards and waste electricity!

what's the meaning of pow period?

Halves block reward to 64 coins, Please..

I understand your point and concerns, and we will seriously consider your proposal. We know this is what happened to XC and other coins. We will protect the best of our community's interests against multipools. The Supercoin dev team will make a decision on this matter. Thank you for your great support to us.

Dev,Thank you very much! that's the reason:

thanks for your quick reply dev.
i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool.
i do hope supercoin has a bright future, because we are super!

From my altcoin experience, there are 2 things are really bad for altcoin.

First is coin inflation, because everyday if we have 0.3 Million supercoin, if the price hit 10K satoshi, you will need 30BTC buying support, that's ok with current circumstances, but if the price hit 100K satoshi, you will need 300BTC support everyday, so it's impossible for nowdays coin, that's the reason why dark and XC and VRC coin has very low inflation. i also hope supercoin has a lower inflation.

Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit.

so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable.

so how about reduce the block reward every week and at some point keep it at a low block reward?

so now we have 512 coin block reward,
512--》256--》128--》64 ends (4 weeks)
or
512--》256--》128--》64--》32 ends.(Multipool will not profitable any more and keep lower inflation also small miner will mine this coin)(5 weeks)

if we have a lower block reward, people would keep their coin for pos mining, it‘s a better and greener way for coin distributing than Multipool control the coin supply.
2428  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 01:16:26 AM
provenceday, yes I kinda agree with you now, it makes sense...

thanks for you support dude.

i posted it last night:

dev which pool has these hash rate?

Net Hashrate: 18,667.22 MH/s

it seems some multipools are mining this coin now and they get most of the coin!
similar thing happens with XC mining period...

It's wafflepool multipool i guess, they recently started X11 algo multipool. http://www.wafflepool.com/stats/x11 you can see supercoin has %36 average there. Because we have a fair system for miners nobody can benefit more than other miners. And soon or late when we become successful and popular crypto we will be  on all multipools, it's inescapable.
 

dev if you change the dark or xc or vrc thread, you will  find when they realise the Multipool, they all change the block reward or end the pow period early or reduce the block reward quickly or turn to pure pos coin.

We are SUPERcoin, we can handle all these...

thanks for your confident, we can watch this, if big Multipool do big harm with supercoin, we can really make some change.

ps: ordinary miner can not get the coins now, most of the coin were mined by Multipool now.... Roll Eyes

http://super.pool.mn/ looks has amount hashing power enough to find blocks...
Small miners should use such pools in our list.
also we have a plan on doing our own multipool payment with SUPER.

It looks they found many blocks today... So relax, also appearing in some multipools as a SUPERcoin in their list has some slightly advertising our coin, because they only mine most profitable ones... Also some wise miners will mine it seperately because if they know our halve plan and heard our anonymous wallet project they will mine it separately.

47879   Confirmed   teunhol666   11/06/2014 16:58:39   289.1034   512.00    74,010   8,054   10.88
47845   Confirmed   mucalov   11/06/2014 16:50:02   215.0782   512.00    55,060   9,627   17.48
47808   Confirmed   Pisscat101   11/06/2014 16:39:12   295.8534   512.00    75,738   25,470   33.63
47719   Confirmed   Pisscat101   11/06/2014 16:12:15   282.6545   512.00    72,360   37,766   52.19
47581   Confirmed   Pisscat101   11/06/2014 15:36:21   248.9754   512.00    63,738   28,966   45.45
47516   Confirmed   keepwalking1234   11/06/2014 15:18:13   245.1410   512.00    62,756   101,739   162.12
47261   Confirmed   anonymous   11/06/2014 14:14:58   191.0815   512.00    48,917   34,701   70.94
47215   Confirmed   keepwalking1234   11/06/2014 13:57:46   253.0347   512.00    64,777   164,037   253.23
46965   Confirmed   keepwalking1234   11/06/2014 12:20:52   286.1010   512.00    73,242   159,596   217.90
46699   Confirmed   keepwalking1234   11/06/2014 10:24:19   207.4200   512.00    53,100   7,185   13.53
46683   Confirmed   keepwalking1234   11/06/2014 10:18:24   209.1238   512.00    53,536   60,707   113.39
46586   Confirmed   keepwalking1234   11/06/2014 09:33:10   237.4289   512.00    60,782   25,241   41.53
46549   Confirmed   keepwalking1234   11/06/2014 09:14:57   195.1354   512.00    49,955   42,264   84.60
46476   Confirmed   keepwalking1234   11/06/2014 08:44:43   200.1355   512.00    51,235   138,619   270.56


Pool Hashrate: 279.45 MH/s
Pool Workers: 24
Net Hashrate: 11,321.37 MH/s

so Multipool has more than 11G hash rate on supercoin?
ordinary miner just get 1/50 of all the mining coins.
usually when pow ends, we can set a Multipool?
No he uses only about 33% of 11 Ghash in total. But there maybe out there few other multipools,
I think saying 1 to 50 is not good ratio. But it can be, it has a potential risk.

It looks as a good plan as soon as ending PoW starting a multipool payment with SUPER. But i don't think it's an easy decision, and no personally expect any sooner than one month before we go to PoS or even start working on it.

First thing is first we complete SUPER Anonymous Wallet and can see in the future what else we can do after this.




thanks for your quick reply dev.
i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool.
i do hope supercoin has a bright future, because we are super!

From my altcoin experience, there are 2 things are really bad for altcoin.

First is coin inflation, because everyday if we have 0.3 Million supercoin, if the price hit 10K satoshi, you will need 30BTC buying support, that's ok with current circumstances, but if the price hit 100K satoshi, you will need 300BTC support everyday, so it's impossible for nowdays coin, that's the reason why dark and XC and VRC coin has very low inflation. i also hope supercoin has a lower inflation.

Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit.

so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable.

so how about reduce the block reward every week and at some point keep it at a low block reward?

so now we have 512 coin block reward,
512--》256--》128--》64 ends (4 weeks)
or
512--》256--》128--》64--》32 ends.(5 weeks)

if we have a lower block reward, people would keep their coin for pos mining, it‘s a better way for coin distributing than Multipool control the coin supply.


2429  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 01:14:08 AM
DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...


you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.

similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping

Further more, POS mining is a more greener  way for coin distribution, it do not need GPU cards and waste electricity!

what's the meaning of pow period?

Halves block reward to 64 coins, Please..

Makes certain sense...

POW do make some sense, but nowdays big Multipool have controled most of the coins every supply.
2430  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 01:11:20 AM
DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...


you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.

similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping

Further more, POS mining is a more greener  way for coin distribution, it do not need GPU cards and waste electricity!

what's the meaning of pow period?

Halves block reward to 64 coins, Please..

I agree with dev, this is a credibility issue. You can't launch a coin, giving certain parameters, and when it went well, in the middle, you say, ok, let's cut the supply by half, and increase the value for those who already hold it. This is more a cheating to me, and will damage the long-term future of the coin.

Because several month ago we do not have Multipool keep dumping coins.

Check Dark Vericoin XC Thread...

they all do some change after they realized Multipool problem...
we all hope supercoin has a bright future, all dev and community can discuss this together.
 Grin
we have a great community, so we can have some serious discussions.
thanks Grin
2431  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 01:07:51 AM

Please First Halve the block reward to 256 coin this week..
Then Halve the block reward to 128coins next week..
Then Halve the block reward to 64coins and keep the block reward fixed @64 coin or 32coins

 Grin


Sorry we will not change the spec without any critical issues...

NO offends dev. truly community are much appreciated for what you have done!

but

1: do you realized Multipool control 3/4 of the everyday total coins(Last night they controled 9/10 of the everyday mined coin)

Check this Pool Hashrate: 4,060.93 MH/s
Pool Workers: 30
Net Hashrate: 17,399.91 MH/s (about 12G come from Multipool...)

2: do your see the big dump on Bittrex.

we can still keep the coin total amount fixed, but Please reduce the block reward more quicker than original plan.

otherwise Multipool will keep dumping supercoin everyday is the next 3 month!
what's the meaning of this???  Wink
2432  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 01:00:12 AM
DEV we need quick Halves, other wise Multipool will keep dumping their coins until pow period ends...


you can also check dark thread, at first the reward is 500coin then reduce to 25 coins after they realised the Multipool dumping.

similar thing happened with XC coin. they ends their mining period soon after they realized Multipool keep dumping

Further more, POS mining is a more greener  way for coin distribution, it do not need GPU cards and waste electricity!

what's the meaning of pow period?

Halves block reward to 64 coins, Please..
2433  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 12:46:35 AM
Sending with anonymous feature will become very easy, just click "anonymous send" checkbox before clicking the "send" button. It is the same user interface. Of course, you can also choose to use normal send if you want. No additional command-line command to use:


By the way, we will try to release the wallet with anon features for tests this weekend. Remember, for now we only allow the anon features in testnet for testing purpose. It will be the same client, so you can switch back and forth between formal SuperCoin network and testnet (just change the testnet=1 or 0 in config file and restart the qt client).



Please First Halve the block reward to 256 coin this week..
Then Halve the block reward to 128coins next week..
Then Halve the block reward to 64coins and keep the block reward fixed @64 coin or 32coins

 Grin


Multippol will only make the all coins profit about the same, have no effect on the coin mining itself

What? This isn't correct at all...

Multipool absolutely effects mining (by reducing the amount of coins paid out to those of us mining) and it also lowers the price on exchanges by forcibly dumping them...This effect is compounded by "would-be" miners switching to mining other alt-coins which have better price margins, in an attempt to sell them off and buy more Supercoins in the exchanges...

Which in turn hurts (albeit much much less) the other alt-coin which the miners have turned to mining and dumping...

Multipools are a vicious cycle for coins during POW phase... THE ONLY DETERRENT IS LOWER BLOCK REWARDS... This makes it unprofitable for the multipool to mine the coin heavily, and opens up room for those with smaller hash rates to mine the coin.

Only when many miners/investors all hold adequate amounts of any coin is a truly diversified and "decentralized" system of control produced (this is why miners hate premines so much)... This is by far the best course of action for any coin that is truly looking out for the community, unfortunately this is also the worst case for large holders (one's who aren't in the coin for the longterm) and for dev's (as this provides the most steady growth, but takes much longer to make gains so the profit margins are not as big as letting the coin rocket, sell offs along the way, and then letting the coin crash)...
2434  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 12, 2014, 12:44:35 AM
Multippol will only make the all coins profit about the same, have no effect on the coin mining itself

What? This isn't correct at all...

Multipool absolutely effects mining (by reducing the amount of coins paid out to those of us mining) and it also lowers the price on exchanges by forcibly dumping them...This effect is compounded by "would-be" miners switching to mining other alt-coins which have better price margins, in an attempt to sell them off and buy more Supercoins in the exchanges...

Which in turn hurts (albeit much much less) the other alt-coin which the miners have turned to mining and dumping...

Multipools are a vicious cycle for coins during POW phase... THE ONLY DETERRENT IS LOWER BLOCK REWARDS... This makes it unprofitable for the multipool to mine the coin heavily, and opens up room for those with smaller hash rates to mine the coin.

Only when many miners/investors all hold adequate amounts of any coin is a truly diversified and "decentralized" system of control produced (this is why miners hate premines so much)... This is by far the best course of action for any coin that is truly looking out for the community, unfortunately this is also the worst case for large holders (one's who aren't in the coin for the longterm) and for dev's (as this provides the most steady growth, but takes much longer to make gains so the profit margins are not as big as letting the coin rocket, sell offs along the way, and then letting the coin crash)...

I don't totally agree with you... although most multipools pay out in BTC, we could have a multipool pay out in SUPER too.

Second, whether the coin is dumped by multipool, or by someone mining at a regular SUPER mining pool, it is the same. Although I agree that multipool always dumps, while other situations people may hold. But again this is a balance. If the coin is attractive, people will buy, otherwise will sell. So I don't really see the differences here. In a given day, the coin production is the same, so everything is defined by the price, no difference there.


check this! big Multipool dump again, if Multipool keep dumping, people will not urgently to buy coins..

0.00001500   3444.00000000   0.05166000
06/12/2014 08:24:22 AM   
SELL
0.00001577   5000.00000000   0.07885000
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SELL
0.00001577   2565.48398762   0.04045768
06/12/2014 08:22:36 AM   
BUY
0.00001577   560.99720951   0.00884692
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SELL
0.00001425   1525.81110011   0.02174280
06/12/2014 08:19:38 AM   
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0.00001361   373.94081413   0.00508933
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0.00001370   1162.05908586   0.01592020
06/12/2014 08:13:38 AM   
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0.00001360   511.99990000   0.00696319
06/12/2014 08:12:29 AM   
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0.00001356   34286.07898151   0.46491923
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0.00001356   7911.43681602   0.10727908
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0.00001357   2758.68472480   0.03743535
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0.00001361   5441.54089427   0.07405937
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0.00001357   241.31527520   0.00327464
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0.00001360   782.68452480   0.01064450
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0.00001360   1023.99980000   0.01392639
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0.00001355   1023.99980000   0.01387519
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0.00001355   4055.40471197   0.05495073
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0.00001400   3985.71499822   0.05580000
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0.00001402   1500.00000000   0.02103000
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0.00001405   458.88028981   0.00644726
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0.00001405   517.11991019   0.00726553
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0.00001405   1023.99980000   0.01438719
06/12/2014 08:01:19 AM   
SELL
0.00001400   153253.00000000   2.14554200
06/12/2014 08:01:02 AM   
BUY
0.00001460   79.65770000   0.00116300
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BUY
0.00001370   2.99406800   0.00004101
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SELL
0.00001370   15700.32593200   0.21509446
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SELL
0.00001350   511.99990000   0.00691199
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SELL
0.00001330   21094.43380790   0.28055596
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0.00001333   1586.16243740   0.02114354
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0.00001335   10000.00000000   0.13350000
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0.00001336   10000.00000000   0.13360000
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0.00001353   14672.00000000   0.19851216
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SELL
0.00001400   3929.67367296   0.05501543
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0.00001400   1500.00000000   0.02100000
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SELL
0.00001400   10000.00000000   0.14000000
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SELL
0.00001401   2703.50462174   0.03787609
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0.00001455   2050.88704072   0.02984040
06/12/2014 07:55:58 AM   
SELL
0.00001458   9142.45672000   0.13329701
06/12/2014 07:55:38 AM   
SELL
0.00001455   511.99990000   0.00744959
06/12/2014 07:54:54 AM   
SELL
0.00001460   23412.34230000   0.34182019
06/12/2014 07:53:47 AM   
SELL
0.00001490   19133.38101786   0.28508737
06/12/2014 07:52:10 AM   
SELL
0.00001471   6428.17123582   0.09455839
06/12/2014 07:52:10 AM   
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0.00001500   25000.00000000   0.37500000
06/12/2014 07:52:10 AM   
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0.00001500   803.05876418   0.01204588
2435  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XC][OFFICIAL] X11/PoS/Privacy on: June 12, 2014, 12:38:42 AM
ATC what's the timeline for REV 2 roughly? I think about 2 weeks ago you said it would be 3 to 4 weeks? Does that mean you are expecting to release REV 2 in 1 - 2 weeks from now?
bump.

Yes I'm expecting about 2 weeks...

that's great!
2436  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 11, 2014, 07:38:00 PM
Please Halve the block reward this week
 Grin

I would like that too  Grin

20    VeriCoin   4,352 BTC   0.00016259 BTC      26,765,772 VRC   415.94 BTC   -1.10 %

VRC only have a Anon wallet promise, they ranked in top 20 now.

so what's about the supercoin?

104    SuperCoin   100 BTC   0.00001018 BTC      9,855,612 SUPER   9.58 BTC   +69.89 %

supercoin amount is only  1/3 of Vericoin, also supercoin price is 1/8 of vericoin.

beside  supercoin has a testnet Anon wallet now, Vericoin has nothing working Anon wallet.

so hopefully supercoin price will hit at least 10K supercoin=1BTC soon... Grin
2437  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 11, 2014, 07:26:17 PM
Please First Halve the block reward to 256 coin this week..
Then Halve the block reward to 128coins next week..
Then Halve the block reward to 64coins and keep the block reward fixed @64 coin or 32coins

 Grin
2438  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 11, 2014, 07:24:56 PM
Pool Hashrate: 145.18 MH/s
Pool Workers: 25
Net Hashrate: 13,810.54 MH/s(Multipool now control 13G hash rate now)

no more chance for ordinary miner now...
ordinary miner now only get 1/100 of the everyday's total Block....

it's Multipool time now..
2439  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 11, 2014, 07:19:10 PM
Grin

1: after quick block reward we will have longer mining period, not shorter mining period, also if total amount keep fixed, mining period will be longer. then we will have a lower coin inflation and price will go higher everyday.
2: Multipool only have one principle:they must pay miner BTC everyday. they must sell the mined supercoin for BTC. Multipool will never keep any altcoin more than 1 days. they will sell all mined coin in 24 Hours.

1 can you explain more this (after quick block reward we will have longer mining period, not shorter mining period,)
2 yes too bad.
[/quote]

1 yes, if the Block reward is 512 coin, Block time is 90 sec, if you want to distribute 1 Million coin, you need to mine 1953 Block, which will cost 1953*1.5 minutes=2929 minutes=2.03 day
but if the Block reward is 256 coin, Block time is also 90 sec, if you want to distribute 1 Million coin, you need to mine 3906 Block, which will cost 3906*1.5 minutes=4.06 days

if Block reward is 128coins, will take 8.13 days
if Block reward is 64coins, will take 16.26 days

so after 3 halve we can keep the Block reward @64 coins, that's very good for supercoin's future, Because Multipool will not profit much if even they control everyday's coin supply, also ordinary people still have the chance to mine some coin from pos, that's more fair than Multipool control everyday's coin supply and dump it soon...

would prefer to reduce the Block reward ASAP in this month.
then after 3 halves, the Block reward is 64 coin. that‘s a reasonable amount compared with dark coin or vrc coin.
2440  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SUPER] SuperCoin - It's SuperCoin Time! Anonymous Wallet Comes Soon on: June 11, 2014, 06:50:01 PM
【Thanks for sharing your experience. I think little bit different. if we lower rewards quicker, we will then much faster coin distribution, and inflation of cryptos, suddenly, So in that case We will distribute 45 days long SUPER coins in just 1 week get the idea? More supply usually means cheaper prices... I am not marketing expert bytheway. We have less or slow supply to the market and wider mining and miner communications, because we have more in communication with mining community, with superblocks, true random, diff retarget each block etc. we can hope to get more support from them.
Also you say people will dump coins on multipool, i say if we inform them well on the targets they will less likely to dump. 】


 Grin

1: after quick block reward we will have longer mining period, not shorter mining period, also if total amount keep fixed, mining period will be longer. then we will have a lower coin inflation and price will go higher everyday.
2: Multipool only have one principle:they must pay miner BTC everyday. they must sell the mined supercoin for BTC. Multipool will never keep any altcoin more than 1 days. they will sell all mined coin in 24 Hours.
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