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Alternate cryptocurrencies / Announcements (Altcoins) / Re: ElephantCoin - ELP - The new crypto coin with superblocks is Launched!
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on: July 31, 2013, 10:34:57 PM
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Just to clarify (don't want to spread false information) I believe the premine was ROUGHLY 1.5 million coins -- I have not verified this data but it is based off a rough calculation I did. It could be higher...although I believe it's (slightly) lower. Regardless, there was a large premine significant enough that the major exchanges are not interested in adding it.
This is unfortunate for me -- I have nothing to gain from the death of this coin as I have mined a total of around 250,000 ELP. Next to the dev, who accumulated their total via the premine, this likely makes me one of the largest ELP shareholders. I'm very disappointed in the direction here.
It's just so strange to me that devs that premine are willing to handicap their coin just for the remote possibility that they might make some easy money when it hits the exchange. Maybe I'm totally off-base here (especially considering they were upfront about the premine) but I'm definitely irritated.
this coin is not dead at all, I've been mining it and it goes great. This is a great coin and I support it! There are many coins that have premined, but still doing quite OK in exchange, stablecoin was premined 1.2 mil, alphacoin was premined 1.0 mil, goldcoin 7 mil, your favorite megacoin premined a 3.8+ mil (what a shame! and of course you are not irratated), see here:http://cryptometer.org/megacoin_96_hour_charts.html |
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Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Philosopherstone - PHS - A new PoW/PoS coin | launched! | No Premine
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on: July 31, 2013, 10:24:45 PM
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Can anyone explain me how does the stake minting work?
just keep the qt opened, if you have stakes held for more than the minimum time required, PoS blocks will be generated with small amount of interests. I have just seen with diamond coin, that my balance went down 3 dmd, and my stake went up 3 dmd, is this what it is supposed to happen in PHS? Yes every time a bloc of PoS created, it will take a normal block from PoW (deduct from toal), add PoS interest to it, and put in stake for maturity, once maturity arrives, you get PoW+interest back to your total. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Was WDC premined/instamined? (like phenixcoin and FTC)
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on: July 31, 2013, 07:27:05 AM
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Wait WDC premined? from the previous messages I saw only evidence that WDC was instamined, is it premined? can you tell me how much it is premined?
Instamine and premine are very different things. Instamine goes to those with big rigs, while premine goes to devs.
Also in this world you expect free lunches? I am ok with dev premine a little, that's for what they've done. But do we see that WDC premined at all?
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Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Philosopherstone - PHS - A new PoW/PoS coin | launched! | No Premine
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on: July 29, 2013, 03:42:31 AM
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Are you guys trying to tell me i have 20,000 worthless coins now?? Tell me it's not another Gas and Neo coin.. what the fuck is going on?? Please don't take Block 711 or 712 away from me too!  maybe its your client causing the problems lol  Damn it, forgot to decouple DDoSing and mining targets again! Well, currently I'm mining PHS even as it's down since I don't want to miss the transient where almost no one is mining again. Might this be causing issues?  20,000 coins already? jeeze... I don't believe he has 1/3 of all the coins mined. Show us a screenshot  |
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