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yeah last 3 days 9 hours again to launching I can not wait for launching   |
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I saw this coin can be mined with X11 algo
whether it is true
We're working on future developments to include X11, X13, SHA256 support into MidasPool.com, however this will not be available at launch. Keep updated on the first post for an ETA, we will also announce further info when it becomes available. sorry I'm a newbie in terms of mining coins, these coins mined with scryp, I was confused because I was hired to do the mining rig, our site is available scrypt-A.-Nf. and scrypt with algo what this coin mined whether scrypt-A.-Nf. or scrypt. thanks At launch the only algo it will support is regular Scrypt. GPUs and Asics supported. |
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I saw this coin can be mined with X11 algo
whether it is true
We're working on future developments to include X11, X13, SHA256 support into MidasPool.com, however this will not be available at launch. Keep updated on the first post for an ETA, we will also announce further info when it becomes available. |
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We'd like to say that we've increased our Translation Bounty from 15 MID to 30 MID. The best thing is, this applies to all existing translations so far.
We're really happy with the current translations and welcome all future submissions.
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QQ group for MidasCoin：236050622
coming join us and discuss!
Hello, Thank you very much. Your translation will be added to the first post's translations section. Please submit a support ticket on http://midaspay.io/helpdesk to claim your bounty once we launch. Regards |
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whether the best option to exchange the debit card and credit card for a country like Indonesia
whether it is your intention.?
Both options are available for Indonesia, but we suggest for country Outside EU and US to redeem MidasCoin using our Physical Debit Card or our VCC (virtual credit card, electronic usage only). Regards ok i understand anyone want to ask if I could mine the coins with the X11 algorithm and it looks like you are not working a calculator miners when I typed 100000 KHS then the result '' At the current difficulty Hashrate and distribution station, you would earn MID 28800 every 24 hours. That's 1200 MID every hour. '" and when I typed in 1000 KHS then the result '' At the current difficulty Hashrate and distribution station, you would earn MID 28800 every 24 hours. That's 1200 MID every hour. '" please fix this soon Hello, This is actually correct, the calculator is based off the current pool hashrate which is 0. The block time is 2.5 minutes, so that's a maximum of 28800 MidasCoin to be distributed in a single day. You'll see once the pool hash rate begins to climb that the calculator will react differently. This looks pretty good but then isn't this centralisation in a way where I can mine only on Midas pool, I can exchange only on Midas site?
We provide MidasPay webshop and the Merchant API to extend the possible uses of MidasCoin. MidasPool is the only pool, however MidasPay WebShop will not be the only place to exchange/use MidasCoins. Other merchants will adopt Midas for use providing further places. In addition to this, MidasCoin will be added to an exchange (or multiple exchanges) after the initial launch. I hope this information is satisfactory. |
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Are you guys going to get trusted verified by coin source?
We will sort something out in regards to getting the coin source verified and will update the community shortly on the subject. I tried signing up i got a 404 error message
At which website did you try to sign up to? |
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Is there any SHA256 pool at launch  ? i dont have any scrypt hardware atm SHA256 support is still in the development stage and will not be available until sometime after the main launch. |
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what's the irc channel?
The main channel is #MidasCoin on Freenode. |
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Weight carefully your words next time, unless you have so low opinion of yourself. My my, aren't we snippy Anyway, you are officially invited to our first pubic meeting in london, stay tuned for the release of the event date.
Pubic meeting? No thanks, already been fucked by scam coins enough as it is. I suggest you wait until launch, then you can see for yourself. |
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In case of an attack against the network, the Proof Of Mining system will automatically detect the takeover attempt, driving the necessary hashpower to the block generation node, for all the time needed to null the attack. This is a completely flawed concept. Let's say your PoM network has a total of 10ghash/s. In order for PoM to be making money though, they are only dedicating 1ghash/s to the midas network. And let's say an attacker has 2 ghash/s, so they have better than a 50% attack, they have a 100% attack and can make themselves the legitimate chain at will. The attacker sends money to an exchange at block 1000 and cashes out to bitcoin/fiat. The attacker then uses his 2ghash/s to mint a blockchain twice as powerful as the legitimate 1ghash/s chain. He mines until block 2000, privately. He does not give any way for his double spending fork to be discovered. His chain is twice as powerful as the legit chain. So, now he broadcasts it. IT gets relatively instantly accepted as the legit chain. If the PoM pool kicked in and started using all 10ghash/s to bring the network back to legit status, it would not instantly flip back to legit status. It would take a series of hours or even days of mining to overcome the other chain. (about 10 times less time than the attacker took. So, if the attacker 2ghash/s mined blocks for 10 days, the legit chain with 10ghash/s would take 2 days to become more powerful). During this day, they could have their double spent coins go to another transaction and spend things again. Also, anyone else could do the same. Send coins to an exchange, cash out, then wait for the legit fork to undo that transaction. The entire idea is one of the most terrible and ill thought out things I've heard in quite some time. I understand the intentions, but it's not possible. At all. It actually makes double spending significantly easier. Earlz has proven himself time and time again to be very well respected coder and if he says it cant work and is flawed all should take this seriously. So this must be addressed first. Secondly you say the the coin will be backed by 20000 grams of gold at launch. So that's 643 + troy ounces of gold or somewhere in the area of $828,974 at the time of this post. Will you be providing any sort of proof that you have that kind of funding available to fund this project? You say its in a safety deposit box? It could just be a shoe in the safety deposit box. Thirdly im not sure I understand how this works? You say people who mine Midas will have the hash they provide redirected and I guess you will mine other coins with that hash power. The only way this could fund your project is if mining other coins would be more valuable than mining Midas directly. That means we would all be better off mining other coins and buying the lower value Midas as it can not be the other way around. Please clarify this. Hello, I'm going to answer your paragraphs in order. 1. As mentioned already, we've escalated the query to our lead developer. 2. This will be addressed at a later time and proof that this initial investment exists. 3. This is not entirely correct. We will indeed redirect hashpower to a blockchain of choice, however this does not dictate that mining the same blockchain that we do will give the same value to you as a miner, because coins of those blockchains are not backed by a guaranteed value like MidasCoin is. Secondly, our revenue also comes from the transaction tax on the coin. I hope this information was satisfactory. Hey everyone, I’m part of the team and will be handling some of the community PR. I look forward to hearing what everyone thinks about the project!
When and where can I get some Midas? Hi there, You'll have to wait for the launch on 7th September, then you can mine MidasCoin at MidasPool.com with Scrypt hardware. Following this, once we have an exchange, you can also buy MidasCoin there (this will come further after the launch). Thank you for the response. It seems that your plan would likely produce an advantage to those who choose to mine the coin once the exchange is out? The people that mine MidasCoin on day 1 will be at the most advantage, they will have gotten it at it's "cheapest", which is the starting value. By the time an exchange is available it's backed value would have already grown. By how much so is dependant on the hash rate of MidasPool, and how quickly MidasCoin can reach an exchange. Thank you, a member of the team will get round to answering as soon as possible. |
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Hey everyone, I’m part of the team and will be handling some of the community PR. I look forward to hearing what everyone thinks about the project!
When and where can I get some Midas? Hi there, You'll have to wait for the launch on 7th September, then you can mine MidasCoin at MidasPool.com with Scrypt hardware. Following this, once we have an exchange, you can also buy MidasCoin there (this will come further after the launch). You should contact bittrex. https://bittrex.comThis project looks very promising. Will be following! Thank you for the suggestion, we'll be contacting a number of exchanges to secure an initial listing. |
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Hey everyone, I’m part of the team and will be handling some of the community PR. I look forward to hearing what everyone thinks about the project!
When and where can I get some Midas? Hi there, You'll have to wait for the launch on 7th September, then you can mine MidasCoin at MidasPool.com with Scrypt hardware. Following this, once we have an exchange, you can also buy MidasCoin there (this will come further after the launch). |
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take a look,not very bad.any free coins for the first page posters?
Hello, We will post some discount % vouchers for the first 100 posters for use in our online shop after the launch  |
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Hey everyone, I’m part of the team and will be handling some of the community PR. I look forward to hearing what everyone thinks about the project!
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