Can I join the signature? I think that this is a good project. I am particularly interested in its ASIC-resistance. Recently, there are threats to some promising coins by the ASIC machines. I described it as the competition between the Farming and Rormad's culture in ancient time. Who will win? The Great Wall in China helped to win for some time until modern weapons were invented.

最近好几种币的算法都面临蚂蚁机的冲击， 破坏去中心化的主题。目前还没有更好的办法对付。我的比喻就像农耕和游牧文化的较量。 这个币的算法是一个巨大的优势。不知道将来能不能也出个蚂蚁机。 但是目前似乎是没有。有懂的可以解释一下。

It is interesting to see that the communities of mining from many individual miners just like those residents in the farming land in ancient time while the ASIC machine miners are similar to those of Nomads. Great wall in China had been only a good defence to win the war between farming and Normad until modern weapons appeared. Now, we may need either a great wall or a more advanced weapon ("modern" algo and soft-miner).

Network: 50 MH/s (in total); support.ipbc.io: 9.0 MH/s; The second: ipbc.fatpada.club; 0.3 MH/s. So about 40 MH/s most likely comes from the BaiKai machines, which is said to create 20 KH/s by 60W electric power. Manufacturing Baikai is not a problem at all for them. It only depends on how many orders they can receive because this is quick money. With huge investment in machines, it also has high risk once the algo is changed.

Super, thanks. by this way it works.

Hi Dev. windows gui/daemon cannot sync. Even did as someone suggested by typing: edollard --add-exclusive-node 77.103.133.157:33030. They still cannot sync.  What's problem? It just stalked.

This threat to cryptonight coins:

https://bitcointalk.org/index.php?topic=3103990.0

The more to sell them out, the better to be benefit to the cryptoworld by bringing the fiat money into the community.  

If calculating the income from the network hashrate of less than 3 MH, it can obtain nearly £3.5 /per KH at the price of 4 or 5 sats (this is generally around £1 to 1.5 for most coins). So, this disgusting nicehash can get a huge profit by pump and dump. Then. finally the price of this coin will drop to 2 and even 1 sat again. If without any change, in the worst case, these huge cheap coins will lead to the price at 1 sat, but still no one wants to buy. The issue is not the project, but the way that kills the project (at least at this moment it looks a promising project). Maybe, the solution is hard-fork in its early stage and hard-fork back again once it becomes popular.

Yes, it reached more than 30 MH for a while to take a large amount of coins while the network hash is only less than 3 MH. It is really very bad. It can make this coin getting to 1 sat, but no one wants to buy.

Quote from: wudafuxup:

Yea we've def concluded is a single guy. I saw some guy (not sure if it's this guy) put 65million on sale at 6 sats for a few min before removing it. He must be pool hoping.
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Yes, this is the major issue for this coin.  Large amount of coins can be easily extracted by hiring nicehash for a set of short time once the price of this coin has any tendency to go up for a few sats. People will always do it. You cannot blame these people because they can get the quick profit through pump and dump in a free market

I think that the Dev may really hope that this coin would be extracted by hundreds and thousands of mobiles or other small rigs simultaneously. These small rigs are added together to form a huge hash power. In this case, those hired nicehash or big farm will not dominate the whole network in the hash. Therefore, it makes easy for each small rig to mine some coins. But in the real world, it needs to take very long time to reach this point with very big community in order to spread this coin . This will create the problem; i.e. this makes this coin unable to get rid of the low-price zone; i.e. close to 1 sat because there is always a good profit due to its easy extraction. Once the price slightly goes up to 5 or 6 sats,  nicehash or big farm will come to take this profit, resulting in another round dump. If this repeats again and again, there will be cheap coins everywhere. So Dev need to find a way to solve this problem. This is just my analysis or prediction. It might be wrong. Welcome for a discussion.

Cryptoworld is basically trying to gain more shares from the global's wealth as one type of wealth reservoir. Though people do not like ICO, it is a major route currently shifting wealth from other places into this reservoir. Otherwise, these money will go to either house market, or stock market, or bank saving, etc. Unless more and more blockchain projects can really earn profits by themselves. Unfortunately, even the King of BTC cannot achieve this.

I have the same problem. I did not get a payment and checked the dashboard. It showed with 5 invalid share. Only get an payment just several minutes ago since 8 hours ago.

Posted by: ArkadiyDeliev:
If you aren't aware, we are triggering a hard fork tonight to solve this issue. Stay tuned, we are doing our best to make Stellite a stable and easy-to-use cryptocurrency.
[/quote]

Glad to know this. I think that I trigger this issue for an extensive discussion that has now saved this project with huge potential for a success. The Dev. will finally take an important action tonight. This is super good news for everyone in the community.  We should support this project to get more exchanges through out votes.

Thanks for this. Sorry, we are not technical guy. Could you please explain a bit more about this? What is A? what is >> ? How would they affect the supplying and mining hash power? This will also be good for others to better understand this project.
I think that we need to and are already forming a good community whether it is a direct investor or it is a miner. The bigger the better. This is the base plus technical development for this coin to be successful in future. I can only do a simple calculation; e.g. if it is about 20,000 coins/per minute, it will be 60X24X20,000=28,800,000 coins/per day. This was based on roughly about 20 MH/s hashrate. But, for hot coins, the hashrate could easily go up to 80 - 100 MH/s.  How many coins will be out? I have no idea. It may be controlled by this equation through the increase of difficulty, but we do not know what it means. It is welcome to investigate this from all technical guys. Just feel that it is quite a lot with more than 15,000 coins/per block compared with IPBC 460 coins/per block. If these two projects collaborated, it would be a bright future for both.

I just checked the explorer. Time to find out blocks has been extended after block 63754. And it seems listed old blocks and new blocks. This means that latest number of extracted coins could be averaged by those coins extracted before this new algo. But we do not know how long for this power will last without considering its price and how many coins he can collect in total (not just mining and he could buy it as well). Given another similar coin with a huge ICO money, we have to be careful to see what will happen. Hopefully, he does not have any bad intention.

Dev said that the number of blocks will be significantly reduced with the increase of depth (not sure how it is related with hash power). If this is true, then it will make sense. It means that it will not extract each block/per minute. It should extract each block/(e.g.per hour) or more time. Then the number of coins will be reduced significantly. If it is this case, it will be right.

Dev, if this is true, please reduce your coins as soon as possible.

Currently with 1,000 H/s, it is 1200 coins. Therefore, it will be 1,200X10,000 coins with 10,000,000 H/S (10 MH/s). So it will be 24,000,000 coins/per day. It will be 240,000,000 coins /for 10 days and it will be 2,400,000,000 coins /for 100 days. It will be 7,200,000,000 coins/ per 300 days. Your total supply is 20,000,000,000. So it will be out within 2 years.

This is what I am concerning about. It is about 20,000,000 coins/per day (I might add one more zero on here) with such high mining power. Could someone or Dev check if this number is correct again and again? If this number is correct, I think that Dev may need to check whether the number of coins were corrected to add in your program because it would mean that you might make the same mistake as IPBC did in the first day. I do not know how many years you had planned your coins to be extracted out. According to this number, all coins would be extracted out very soon (within one or two years).