Hi is Vertcoin multipool resistant?
Some would call the progressive N-factor multipool resistance, since right now there is really only the practical possibility of multipools for regular Scrypt. The term is often used to refer to KGW or other methods that change the difficulty each block. I think a better description would be multipool tolerant. If difficulty changes too slow then multipools will cause the difficulty to be volatile. But yes, vertcoin has KGW. But thos features don't make you mooltipool resitanst. There new clones using N-factor eg. Panda,GPU,Vertcoin just look at trademybit they have mooltipools on n-factor dedicated after while many coins will have it and more people will jump n-factor due to Asics then such mooltipools will be normal. And clones of N-factor,scrypt jane will bring price down in long run  . |
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The 1% per year means the coin price only needs to rise 1% per year in order for your investment to not lose value. Compare with MINT, the price will have to rise 20% in first year for holders to break even due to higher coin inflation.
1% per annum coin inflation is a big positive feature of BlackCoin. There is no huge new supply of coins to be dumped. If someone wants the coins, they have to buy them at market rate.
Why would the price have to rise for me to break even? Math is hard, but the way I see it, the price of Mint can go down 20% and since I will have 20% more Mint after a year I will still breakeven after a 20% price drop. Why are you are saying the price needs to rise 20% for me to breakeven? To keep same coin price a 20% inflationary coin has to rise by 20% otherwise the coin price drops. It is due to new coins being added to the supply. A coin with 1% inflation does not have this problem, only on a very tiny scale. If everyone always holds their coins it makes no difference. If everyone dumps their extra coins the price gets diluted downwards. Colinfx well put. Too many people who mine and trade cryptocoins have a limited understanding of economics and inflation. Bullshit. If I buy a million mintcoins for $1000 and after one year due to inflationary pressure the price we'll say is 20% lower. Now 1 million mitcoins is worth only $800. But I have 1.2 million mintoins due to POS minting! Explain to me how the price needs to rise 20% for me to breakeven? I can still sell my 1.2 million mintcoins for $1000! You guys are the ones with limited understandings.... Congrats, if the price dropped 20% while you having 20% more coins you made nothing. What a solid investment you did minus the time and power to keep your computer on. Hell, you lost money buy not having it in a bank and just general inflation for the world (which is at least 4%) You lost time and effort and made no more then having cash stuck in your mattress. If you have a deflationary currency, the longer you hold the more buying power it will retain. Inflationary currency loses pre unit value and thus buying power, and thus you have to keep getting more to stay at the same place you are. come on dude settle down. Hmm i i may add something.Mint: 1000$ sat price 20% drop 800sat 800$ sat price up 20% 960 sat Hmm you lost 40$ ups...If you try sell 20% of new coins as last man you will suffer that. Point with low inflation is when you compare it to other coins,note that if you have only ONE coin in POS system there is no matter if you have 10% 100% 1000% at the end of party all have same proportional amount.Funny part is here who will sell as last man he loose the most. But real party is starting when you want keep price to OTHER coins eg in BTC. then daily production of: POS 1% BC - 2000 sat ~0,02 BTC/Day to buy all POS 20% Mint (20700m)*20%/360 = ~11.5m day current price 20sat ~2.3 BTC/DaySame time eg POW coins like Doge needs ~500 BTC, LTC 4800 BTC if all new are selling. Do you see that difference that now Mint needs 1000x more BTC than BC to keep price... Next thing is of course demand BTC,LTC,Doge have shops which can give them demand imo... In this case i would use 5s-10s BC in future than 10m/2,5m/1m coins BTC/LTC/Doge. I just see that potential. |
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actually had i do gamble a bit with Doge. win some overall, but i never hold it for more than a few days.
too many rumors about when the devs are gonna sell, and I am not in for that for a "joke" currency
What dev can sell ? there wasn't premined... At beginning he could get about 80m...So what is your problem. 80m is about 11 BTC... yea real dump... Compare that to Wolong who have bought few billion... Who even cares 100m from Dev if he even have it. Look at 1st posts in Doge thread and stop FUD. BTW Mega had 5% premine , Doge 0%... |
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Doge is back!
1st on coinwarz!
And now some idiots will start to claim that doge will not grow anymore because miners will dump  ))) Someday Litecoin will be on top that will be funny  |
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Just got an idea on the POS.. does this mean that i am only earning 1% of my total coins every year?
for example a coins worth 1,000 USD will have an interest of 10 USD per year? and the wallet should be left unlock and let it go POS mining?
if that's the case it's a very low profit on holding the coins for a long period of time.. or maybe my understanding is incorrect.
please enlighten me.
Yeas only 1%-1.5% year.But note that other POW coins are spamed aroud like zerg zelings to eat BTC. BC don't spam while it has 1% inflation, same time BTC have 10% inflation in 10-20 years it will be equal to BC. But BTC inflation cause miners and so get nothing from it ? So why you should keep BTC ?(This is most fucked up part for me ) I guess you belive it will get more value over time.Same is with BC. But with BC you don't care that 1% inflation because you as owner get those 1% interest in BTC miners get cash from inflation not you. Anyway if BC will be popular then winning a mining block will be most profitable eg. i have got 20,40,7 BC rewards in two days after BC mining phase has finished. Good in BC is that you can get 1st steak after 8h low amount for me is better than wait 30 days and get more... Your true income is hidden in low inflation and those money from inflation comes direct to owners so i reality you won't be affected by inflation like other POW coins. 1% inflation means when none will sell BC and you want buy all new produced BC you will need 2000BC-0,02BTC today to keep it price while Doge need 560BTC... Do you see difference ? I believe that BC can get much higher...BTW it is extremely fast coins 10-15s transaction. If i have to send BTC,LTC it is like turtle compare to BC. Funny none talk about it. The transaction speed for BC is amazing. It's much quicker to convert BTC to BC, make the transfer, then convert BC back to BTC. +1 transfer money invented lol |
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Just got an idea on the POS.. does this mean that i am only earning 1% of my total coins every year?
for example a coins worth 1,000 USD will have an interest of 10 USD per year? and the wallet should be left unlock and let it go POS mining?
if that's the case it's a very low profit on holding the coins for a long period of time.. or maybe my understanding is incorrect.
please enlighten me.
Yeas only 1%-1.5% year.But note that other POW coins are spamed aroud like zerg zelings to eat BTC. BC don't spam while it has 1% inflation, same time BTC have 10% inflation in 10-20 years it will be equal to BC. But BTC inflation cause miners and so get nothing from it ? So why you should keep BTC ?(This is most fucked up part for me ) I guess you belive it will get more value over time.Same is with BC. But with BC you don't care that 1% inflation because you as owner get those 1% interest in BTC miners get cash from inflation not you. Anyway if BC will be popular then winning a mining block will be most profitable eg. i have got 20,40,7 BC rewards in two days after BC mining phase has finished. Good in BC is that you can get 1st steak after 8h low amount for me is better than wait 30 days and get more... Your true income is hidden in low inflation and those money from inflation comes direct to owners so i reality you won't be affected by inflation like other POW coins. 1% inflation means when none will sell BC and you want buy all new produced BC you will need 2000BC-0,02BTC today to keep it price while Doge need 560BTC... Do you see difference ? I believe that BC can get much higher...BTW it is extremely fast coins 10-15s transaction. If i have to send BTC,LTC it is like turtle compare to BC. Funny none talk about it. |
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Firstly, I need not say, Dogecoin is a joke coin, funny it lasted this long, that alone a good joke. Megacoin is based off a real company running the coin, and has a huge list of merchants. http://www.megacoin.co.nz/Further, cause we INVENTED Kimoto gravity well, even if Doge community want to Mine and Dump us, they cannot!!! **lol, you mad?** However, the side effect is that mining MEC is not very profitable, but doesn't matter, Let me teach you how to get around it. Mine dogecoins, dump that crap, and buy Megacoin on Cryptsy. You can even use Autosell to help you. Dogecoin is among the most overpriced coin and gives good reward to mine, and a clever person will tell you, mine and dump while it is still good!! and what to buy? Megacoin! Buy Megacoin today, on the long run it will survive. Your post looks like HEY "PUMP MY COIN".."Fuck DOGE" behind screen tears "if i have bought Doge at 20sat ;(... Damm fuck DOGE now noone cares MEGA even it has KGW...f.u. DOGE" BTW i respect Mega for KGW. |
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I am so cross at myself and cryptorush right now, I pretty much lost 18000 BC because cryptorush doe not flag your trade when you are a large amout from the norm. So some lucky person got 18000 BC for 0.02138142 btc.
At craptsy at least all sells are on best possible value... What a shit there |
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(*) What about change addresses, and possible loss of all PoS when sending 1 BC out of a 1 million BC pile?
i dont know but there is command reserve for it you are reserving amount for transactions
I guess I should better not use any of my BC at all if I want to collect 1% PoS per year?
i pesonaly don't care i get stack every 3h-6h... if you don't touch balance in 8h you will get your 1% at the end of year or sooner if you are online
Just use command reserve all should be ok
I have not seen a single BC interest coming in, and I own BC since February 27th now. Nothing nada zilch. > reserve GOOD that finally someone mentions that. The WALLET NEEDS A MANUAL about PoS. Is "reserve" necessary for interest collection? From your description, AND from the description in the console, it is not clear which part is not touched and will give interest, the reserved part, or the remainder? help reserve
help: unknown command: reserve
Oh, and by the way :-) The wallet still CRASHES if you try to export transactions. can you post your adress ? reservebalance=x ( x= the number of coins to reserve) that was commnad sry https://cryptocointalk.com/topic/700-proof-of-stake-explained-rough-draft/there is also quite good tutorial. |
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What is BC? and can I make millions with that?
Blackcoin BC is 1st coin which endend POW phase and swithed to pure POS sysrem. (eg. Mint is still POW/POS)... 0 premine. If you buy BC you don't afraid mooltipools. ASICs anymore. Transactions in 10-15s so far i have such speed with it. You mine blocks by having opened/unlocked wallet while you do that yo have chance to get 1% stake but it will be part of 1% becouse you have 1% annual. We are planig to setup multpool which will mine other coins to buy you BC. Is better to keep BTC in BC because BC have lower inflation 1% and all of 1% goes to you while in POW system new coins goes direct to miners then on market. Look Doge it produce daily Doges in about 560BTC worth without buying support price fall hard. With BC price is controlled only by owners. How make millions with that? Hmm best way to earn millions whould be buy 10%-50% BC store in different wallets then run some hot portal which will brings many users and offer service by paying only with BC price will go up as far as your portal is successful, you won't huge money without any effort. |
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i really dont get how proof of stake works.. for example i buy 100,000 BC. then how will i be benefit from it? any sample computation of the possible income? sorry for such a noob.  1st unlock wallet now u have button. If you have luck you will hit 1% stack but it will be ~1/365 of that 1% just because 1% is annual. If you will mine clock you will get fees from it. Just after mining phase when there was many transactions i have got 20,40,7 BC from mining blocks fees while in same time i have got 0,05 BC stacks. If BC will be popular most money will be form BC fees. That force us to create deep market behind BC it will allow us make more profit. Eg 100k that is 1000 year so you can get ~2.5BC daily. |
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BC price is very low, if the amount is 100000000, there is no DOGE high price! exchange in https://bter.com/ref/92797 , the price 0.00001195 BTC To rise value of coins it needs time. Imagine what will happend when you put all LTC on market in 10 days ? To is ecstatically what BC did BC-75m(100%mined) LTC 84 target(31% mined)... So this is normal that market will be overloaded at biginig. Next stage are improvements as you see community drive works well. Bc is gaining popularity. Next stage will be multi-pool. Minig other Coins to buy BC however you will be free from mooltipols and ASICs. Then more shops and other stuff. Many of those stages needs time and work. But i am optimistic because this coins have 0% premine, good start 1st coins POS from POW not forked even once... It started in shadow of Aurora so that affected price aswell but it is good for me because i could buy more while being cheap. I am personaly happy with people dumping it becouse i can buy more for lower. There is no miners anymore who will sell high amounts for very low prices in long run. I cann't tell anyone it will rise 3000% but it have potential to do it.(this coins is 100% Multipool,ASICs resistant ) I can tell you that i have been checking few BC miners with 500k + they sold out their coins  and this is good. |
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is it ok to buy BC now? is it not too late?
I think not. Why because while minig was price about ~1000 most trade volume was about ~2000. If coin will contentious growing i think we going higher. Everyone here have different strategy. I eg i am for long run i have bought at 2000 at 1000 at 500... that was np for me buying it higher or lower. But many guys just wait to earn 100% and leave coin i can't assure you how it will go. But in long run with 1% inflation it have better chance to grow up than those with high inflation or Xbilion coins clone. Even Bitcoin will have 1% inflation in 10-20 years (float because people are burning BTC, destroying it it cruse higher inflation). 1% of interest is going direct to holder while in POW system that money are going to miners and then direct to market so even you have 1% you as stakeholder are not hurted by inflation as much like in POW system where eg Doge. daily produce Doges for 560 BTC if Doge dont get buying support it price will fall. With BC price can also fall but holders control price mostly not miners. With pure POS system BC is totally different economy model in long run that 99% other coins here. We are pioneers . |
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"Do you have online wallet... or lite client... or maybe shop like eg. stuffcoins ?... Come here when you have serious arguments..." Relax. The coin is 9 days old. All in due time. OK. Np mate back here with arguments many coins delivers promises ^^. I am confused there is 4-5 alts everyday. |
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Pool failed... What a fail this is only one FAIL pool |
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"Do you have online wallet... or lite client... or maybe shop like eg. stuffcoins ?... Come here when you have serious arguments..." |
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Further, it is truly a financial instrument for the masses. Affordable and slow steady growth. You will not see a hyper inflated beast coin.
Not a Doge shill but come on, do you imagine the general public ever using something called "Infinitecoin", especially when the whole point of crypto is to get around the fear that the federal banks are printing endless money into oblivion? That is funny. Isn't doge unlimited?  I was beaten to the punch Lets take BTC Oldest coin for example BTC inflation will be lower than Doge in 15-40 teen years... Or maybe later due to BTC are burnig coins XPC, converting them look Mastercoin... or simply loosing wallets. I am sure you will be hold your BTC for 15years untouched. Doge vs Infinite... Comon guys... Currency is for using i have using Doge... I have sold few things on stuffcoins (Ebay style market)... There is many shops with Doge accepted huge community behid it... On markets price are going up and down yea this is not normal... If you are playing with daily trade you willsell if you aiming in long run Doge is not bad becouse it will be soon mined out... and supply wont be such big as now... THAT currency have dedicated doge shops ext... What have infinite ? How you can sped them ? Don't get me wrong few games... yea impressive. In some time that will change but in reality swaping one POW coin to another just for profit in long run in middle of mnig is pointless new coins on market are killing price thate is not many BTC and alts are sapamming like zergs zelings to eat BTC . DOGE is live price have dropped but that doesn't mean Doge is dead... I know you want attract people but this is not good way starting party just becouse some coins is falling... Next month it can goes up why not then down... I am sure with Doge it can have many shops and points of utylization probably more than IFC... I will be very suspicious with POW coins they are spaming every day new i don't see anything special in IFC.. In Doge i can see many dedicated people young people and young people create future remember... Do you have online wallet... or lite client... or mayby shop like eg. stuffcoins ?... No? So PLS Gtfo from Doge... until you have serious arguments... |
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It seems people will mine any coin with a 1k+ block reward these days. No one even questioned what the 1% premine was for. Just another coin for scamdumpers.
It seems the question is now asked What is the 1% premine for Mr Developer? 1% Premine for Development, Future Projects, Maintenance and Distribution to Community. MAYBE WHEN YOU HIT 3RD GRADE, THEY'LL TEACH YOU TO READ. Panda,Mint devs wrote the same how that finished all knows... I was interested in those coins so as far i know: Panda - Super dump Wolong on whole market at once dumped to 1sat Mint -Dev dumped premined during pump and he refuse pay from premine coins to setup exchange he wanted 5m Mint from community to pay for it lol... Premined coins are dangerous. How Ghost is Unique,Innovative i don't get it? |
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Haha I hope not Here's another design I made:  +1111 Oh, I like that one =) Oh wow this one might be the winner. Really nice. +1 GJ Looks nice but try make it in 32x32 pix range to match how it looks on low size. Or optimize it for it mostly are used low resolution images as markers for webs. I aimed in low resolution to be recognized. |
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