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Premine block was orphaned. Has someone mined a block of 100,000 coins?
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Someone started mining a bit early.
Nodes are up, we waited until the official time. Luckily the first 50 blocks are 0.05 XBIT, so whomever mined early did not make a real difference. |
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2% – The premine will be held in a public address, once it is converted into BTC, that same address will be made public for the community.
Ok everyone does this or does this not sound like he plans on selling a small amount of the premine or the whole thing to you?
Also I am responding not spamming. I doubt this forum will side with you on this matter. Freedom of speech is a pretty big deal here in the crypto world.
So I invite everyone to give their take on what that first sentence says.
One last thing. The good samaritan act comment. I am not that for sure. I am a miner. As shitcoin devs like you are forced into making better coins I profit more from mining. So I am only acting in my own self interest. I don't pretend to be that which I am not. Your the one hiding behind a newbie account each shitcoin you make. You stated some people make their living developing that hints that this isn't your first coin. I just want to see you work harder on your next one.
I am hiding behind a newbie account because it is the first coin I've made. We spent four months researching before we decided to make one. And yes, I make a living out of developing applications. I spent 4 years to get a degree in Computer Engineering, and two more to get a masters in Business, to do what? To develop "shitcoins" as you call them? I am sorry to tell you that you're wrong, but you are my friend. If you don't like the coin, simply don't mine it. If you say this coin is a scam, then pay careful attention to the coin and watch it grow on a daily basis, I will expect an apology when we deliver what we are promising. If you prove me to be wrong, ill be a man and tell you you were right. BTW is nothing personal, but I do not appreciate it when people don't value hard work. We are putting our time and resources into this coin, and we don't plan to abandon it like others do, we stand behind our products. |
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SnjafSnjaf aren't you tired of coins like this? The guy said he is taking 100000 coins and dumping them for btc to fund a "project". If this guy didn't try to hide his intent to do this in his OP I wouldn't be here. There are a lot of shitcoins with bad specs that are upfront about what they are. I don't hassle them. This guy wants to try to pull some fast talking bullshit in his OP to get people on board so he can dump a premine. I just want people to know what he is doing.
The only way devs will stop making shitcoins is if we inform everyone what they are doing. Killing support for coins like this makes mining more profitable and the scamming shit less profitable. Don't buy into these coins. Force the devs to make better coins by not support shitcoins.
You are seriously confused. We are not simply developing a coin, we are developing a payment system. Do you think developing a system of this kind can be done without financial support? FREE? just so users like you can complain? We are not dumping all the premine. We are using a small ammount to fund our projects, keep the network active, bounties , giveaways. If you read the post carefully, you would actually notice your are wrong. If you also read carefully you would notice that bounties have already been claimed by members of this community. Since everything you say is negative, drop the good samaritan act, nobody is buying it (I don't want think cynically that you are slandering our coin because you want other coins to do better). You've already been reported for spamming!!! |
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Hey dev if you think talking shit on your little socket puppets will stop me from telling everyone you intend on dumping a big premine your wrong.
2% – The premine will be held in a public address, once it is converted into BTC, that same address will be made public for the community. In other words DUMPED. I do like your use of the word converted to try to hide the fact your dumping the premine for btc.
POW will end at block 81,666. At that point the coin becomes pure POS. In other words long PoW so you have a large premine to DUMP.
1668 block premine total 100000 coin reward is only 60 per block. This means he will be dumping 100000 coins onto the market guys. RUN AWAY.
AGAIN! If you don't like the coin, don't mine it, you are not forced to do so. Pre-mine address is already available, and will always be available. Some people make a living out of Developing, other Spamming! We don't have socketpuppets, we have loyal community members that read carefully and understand where we are going with our coin. |
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 For God's sake XBIT will use Qubit or Nist5 ??The coin uses Qubit algo, it is specified on the OP ! |
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Coin will be live in approximately 4 hours, countdown up at Altcoincalendar
So you still planning on a 2% premine with a long PoW? Are you also still planning on dumping that premine? Please say you guys aren't I haven't been able to pool anything all week I was hoping you guys came to your senses. 2% – The premine will be held in a public address, once it is converted into BTC, that same address will be made public for the community. In other words DUMPED. I do like your use of the word converted to try to hide the fact your dumping it for btc. POW will end at block 81,666. At that point the coin becomes pure POS. In other words long PoW so they have more premine to DUMP. 1668 block premine total 100000 coin reward is only 60 per block. In order words a lot of premine to DUMP. If you changed all that please let us know otherwise I doubt anyone will touch this shitcoin with a 10 foot pool. Please confirm you are using the same specs if that is the case. Specs remain the same, we have changed the rewards. Block 0-50 is 0.05 XBIT and starting at block 51 it increases to 60 XBIT (it was at block 200 before). The pre-mine remains the same, and will be held in a public address. If you support the coin, mine it, if you don't, find one that suits your needs, we are not the only coin in the market, we created a business model and we are sticking to it. |
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Coin will be live in approximately 4 hours, countdown up at Altcoincalendar
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ETA FOR LAUNCH IS WEDNESDAY AUGUST 6TH AT 11 PM EST - WE WILL RELEASE WALLETS 30 MINUTES PRIOR TO LAUNCH
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Can you please release the wallet an hour to half hour before launch? So everyone can get setup right and have a smooth launch.
What's the ETA of the relaunch?
Please don't abandon this coin, like so many other devs have done recently.
Hello. We are working on the coin to fix the issue we had at launch, and we are going to test a few times on testnet to guarantee it runs smooth. We are not going to abandon this coin. We have put our company behind it, and we are going to honor our commitment with the community. We will announce launch date on the OP. |
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We will be announcing relaunch date today. Algo will remain the same, we will work to fix the difficulty retarget and have working pools before launch, as well as nodes.
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We will be relaunching the coin, with extra nodes, pool and new algo. We will also discuss the pre-mine that not so many of you liked. A new thread will be created as well
why change algo ? Qubit is nice. We are looking at NIST5 POW+POS to support our payment system. |
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We will be relaunching the coin, with extra nodes, pool and new algo. We will also discuss the pre-mine that not so many of you liked. A new thread will be created as well
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We are setting up the last node, and OP will be updated with wallet links, source and the necessary information to start mining
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DEV too high premine ( Lots of people afraid this) 100000 with 60 coins per block.
We have set the pre-mine high to be able to properly fund NFC technology. Why would we put our company behind it we plan to dump the premine? |
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information are missing.
1. PoW will run forever ?
2. No block halving ?
3. When is last PoW block ?
1. POW will run until the Block 81,666 2. There is no halving on the 60 block reward 3. Las POW block is 81,666 - We will implement POS after the POW period ends So PoW is around 42 days ? Why u didn't add any information about PoS after PoW end ? We will modify the OP to include this information. U also need to include your premine address It will be posted on the OP before launch, we are currently mining the last genesis block after some final testing. |
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information are missing.
1. PoW will run forever ?
2. No block halving ?
3. When is last PoW block ?
1. POW will run until the Block 81,666 2. There is no halving on the 60 block reward 3. Las POW block is 81,666 - We will implement POS after the POW period ends So PoW is around 42 days ? Why u didn't add any information about PoS after PoW end ? We will modify the OP to include this information. |
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information are missing.
1. PoW will run forever ?
2. No block halving ?
3. When is last PoW block ?
1. POW will run until the Block 81,666 2. There is no halving on the 60 block reward 3. Las POW block is 81,666 - We will implement POS after the POW period ends |
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We changed the first 200 Blocks to 0.05 XBIT.
This will help the difficulty balance before the 60 XBIT reward is activated.
You can also add an nvidia gpu miner for you coin: https://github.com/djm34/ccminer (-a qubit) and an optimized qubit miner for amd (multikernel): https://github.com/djm34/sph-sgminer_x11mod (-k qubit must be noticed, that -k qubitcoin uses the old kernel which is somewhat slower) Thanks. They have been added to the OP |
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