First thought is that the rewards would be insanely low for any average "network miner", considering people could just use gigabit or 10gbps servers. Also the availability of "transactions to mine" would be very low since the available bandwidth would be so high... Reminds me of how Storj, Burst and other "hard drive mining" coins declined so quickly..
Well it all depends, what we agree on is the “average”. In a year or two the average connection will be on fiber will here in Europe and gigabit pipes will be the Average. The Bahnhof guys in Sweden are already offering 10Gbits for about €35/month but yes, it is in Sweden and their “average” might be a bit higher then most 🙂 Anyhow the plan is that all nodes that support the network will be incentivised by revenue and not only the fastest nodes. In places (AS networks) where there are many high speed nodes it will be harder for a low speed node to make a difference especially if we are talking ADSL as the stability is so low but an ADSL “network minter” could still make a nice piece of the pie if that node is placed in an area where there are not that many nodes. Then there is also a surge pricing so that low end Nodes at times of high traffic gets an higher minting speed.
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We at Quantum1Net has developed a system in which mining or rather minting is done on a Proof-of-Transaction basis compared to the regular Proof-of-Work or Proof-of-Stake. What it means is that Master nodes is free to set up and that anyone with a computer and a network connection can do so. Instead of processor power, coins are rewarded based on the traffic that is routed through your node. All current material on the subject is gathered in our Github; https://github.com/quantum1net/DocumentsWhat dou you think about the concept about Proof-of-Transaction compared to Proof-of-Work?
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Are you looking for more partners for golden tokens sale in JUly?
We are always looking for partners and we will be doing so during the Gold Coin sale too Anyone wishing to contact us with questions about partnerships can PM me here on Bitcointalk.
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Good afternoon, team and the community! it is the first Zico where i have noticed a yellow paper - what is it? and how does it differ from the white paper? thank you for your answers in advance!
A yellow paper is a document containing original research and a more in depth review of the technology and science behind the project. In our case, the yellow paper available explains how our quantum encryption key generator is working.
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First was the private silver token sale, and this is the silver token sale. Golden token sale, that i presume is the main sale, will be in July, so we will see if the project will success more or less, by the moment they are working hard in the project that just begins
Oh! they are taking 4 months for crowd sale and I never checked the website till now when they are going to start their crowdsale. Are you sure it will be in July? Let me look at their website how long they are going to take to conduct the ICO. More or less correct, this initial Silver Token sale is a way for us to bring i the necessary capital to establish the infrastructure to be able to provide the Gold Coin in a few months time You who supported us in this Silver sale will receive preferential access to our limited Gold Coin sale as well as a bonus upon conversion.
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All of this information is public and you can verify it yourself, don't take my word for it.
We understand the concern but don't worry, we are here and monitoring the thread. Our public ICO is just a part of the funding we are bringing in, we run private seeds as well as negotiations regarding stocks in Quantum1Net. We currently have secured enough funds to continue the project as planned and as such there is no reason to worry.
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what is the differnce between silver and gold? was there any pre sale? whats the total supply of tokens?
there was a private presale, and now there is the silver token sale that finishes on 28 February Q1S sale ends on March 9th
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With some new additions to the team, the team members has been updated on the front page!
I already know the team but not the new additions, where can I find more information about them? You can have a look on their linkedin profiles. You'll find them at first page of this ANN-thread
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With some new additions to the team, the team members has been updated on the front page!
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Does anybody know how is going the token sale?
The token sale is going very good. We have good attention from Institutional investors and other similar entities. These types who don't bother with cryptos or ETH transfers and wallets, and uses more traditional means such as bank wires. These won't show up in the smart contract until it is finalized and we are currently working on a counter that accounts for both our public sale and private investors. I saw you mention that in your Telegram, it gives me absolute confidence that this will succeed. Very bullish project this. Glad to hear that. David Garrity, Senior Advisor at Quantum1Net will be interviewed on the Bloomberg radio at 11:45am ET tomorrow. Make sure to tune in! https://www.bloombergradio.com what time is ET? Eastern American time, Basically the time in New York!
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Does anybody know how is going the token sale?
The token sale is going very good. We have good attention from Institutional investors and other similar entities. These types who don't bother with cryptos or ETH transfers and wallets, and uses more traditional means such as bank wires. These won't show up in the smart contract until it is finalized and we are currently working on a counter that accounts for both our public sale and private investors. I saw you mention that in your Telegram, it gives me absolute confidence that this will succeed. Very bullish project this. Glad to hear that. David Garrity, Senior Advisor at Quantum1Net will be interviewed on the Bloomberg radio at 11:45am ET tomorrow. Make sure to tune in! https://www.bloombergradio.com
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Does anybody know how is going the token sale?
The token sale is going very good. We have good attention from Institutional investors and other similar entities. These types who don't bother with cryptos or ETH transfers and wallets, and uses more traditional means such as bank wires. These won't show up in the smart contract until it is finalized and we are currently working on a counter that accounts for both our public sale and private investors.
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i think this project is very strong and will be succesful. i stay tuned to any update
Thank you for the support! Tomorrow we will have a team member talking on Bloomberg radio
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the telegram group is very active as i can see, how many people is there?
Hi, We have more than 1000 members in the telegram group!
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what is your hard cap in this token sale?
I like to know it too
Our hard cap is 15.000.000 EUR.
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General news about quantum computers: - Unique material found for quantum computer. Scientists from Jena, Karlsruhe and Moscow have taken an important step on the way to becoming a quantum computer: They found the world's first metamaterial whose light transmission at -273 °C can be precisely controlled.
- IBM recently launched an online access to a superconductor-based quantum computer with 20 qubits.
Link for the Web Services from IBM.
But this is just a discussion thread, I just really hope there will be a cooperation with IBM, but recently I'm not sure about what's ongoing, would be great if a Team Member would make a statement about this. We have no official statements about collaborations with IBM. We do have very interesting partnerships that is to be announced later as we are currently working under a NDA with those organisations. when will you app. Announce new partners? We can not say when that is to be announced - We want to do it as soon as possible of course , as we are proud of these partnerships and collaborations. But as we are currently working under a NDA, it has to be at a later stage.
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