I'm not confusing anything, I think you are trying to turn this into a different argument. My question remains the same. How do you explain staking to a merchant who just wants to move his money when he wants to, but can't. I've been watching POS coins since Peercoin was first launched and I know what its advantages are. It also has some serious drawbacks including being able to "vote" on both sides of a fork. My question is not about POS in general...its about why do you think specifically it will work with Potcoin. Is the rich list misleading? Sure. But to outright dismiss the fact that 2/3 of the entire supply is held by 100 addresses is naive. Yes there is an exchange or two in there, but most of those coins are held by people. Like I said before, the ones who are gaining the most from Potcoin switching to POS are the people who already had the most to begin with. Ending POW only served to further consolidate the money supply. Also your point about the reduced money supply because of dormant coins is totally moot. So what if some coins are dormant. As soon as the price rises those people who are sitting on their cold wallets could easily dump their coins. In fact that's probably exactly what many of them are waiting for. Unless the coins are destroyed or inaccessible you can't just arbitrarily assume they're no longer part of the supply. If that's the case our market cap is nowhere near the number many web sites like coinmarketcap.com quote You are most definitely conflating and confusing issues. Just because you have been "watching" doesn't mean you have a grasp on what goes on underneath the surface. I don't have time for an ECON101 class. With anything in life, the longer something sits locked with no one coming or going, the greater the chance the key has been lost. Can you know that for sure? Of course not because its proving a negative. However, using a little commonsense and knowledge on how coins are typically put into cold storage tells me that the addresses with 1 or more TXs in and NO TXs out are 99% likely to be cold storage. If those coins come out of cold storage to be sold off when the price rises, thats awesome, it puts more coins into the supply to help steady the price. POS in any form is an incentive to HOLD the coins, not let them sit at an exchange ready to be sold off if/when the price is right. What proof do you have that wallets with no spent coins are lost? other than conjecture? Cold storage is not the same as lost. Lots of people have cold storage. Its called a bank account. Also Potcoin is POSv not POS. The V stands for velocity and was designed to encourage spending, not holding. More info here: http://agroff.github.io/posv/The voting on both sides of a fork? What? Do you understand how POS works? Do you understand that to attack a POS coin requires funds to purchase that coin for the attack, this isn't fiat where you can print a ton of fake currency and attack an economy from that angle. POS just like POW will see small forks on a regular basis, this is one of the reasons why ALL POS coins require upwards of 200 confirmations before you can move the staked coins. These forks get abandoned behind the scenes with no money lost if the code is doing its thing.
In the event of a fork, you can stake coins on both chains. You "vote" for both sides of the fork. That's how POS systems achieve consensus. Each stake is a "vote" for the correct chain. You could in theory stake coins on both branches during a fork. More info here: http://bitcoin.stackexchange.com/questions/25743/what-are-the-downsides-of-proof-of-stake (Unfortunately I don't have a better link for this one, its only really been discussed in a few forums. There isn't a nice breakdown but its pretty self explanatory) Reduced money supply? See the first paragraph and this, the coins that haven't been moved in over a year are likely forgot about by their owner, regardless of that, for now thats fewer coins competing for BTC or USD on the exchanges, thats in favor of demand in the supplyVdemand equation. There are 2 types of "supply", the Money Supply is the total # of coins that have been created, the "supply" in supplyVdemand is the # of coins that can be accessed on DEMAND by those looking to buy, just like any commodity supply that has been sitting on the sidelines will come online if/when the price is right, this is the market being efficient and working properly.
I have coins that haven't moved in over a year. Believe me if the price spikes people will notice, and if they forgot their coins they will certainly remember them if the price goes up. I'm just saying you shouldn't assume such a large amount of coins are forgotten or lost. How many people just forget about their money? I am curious how you think that ending POW consolidated the supply? Do you think that the people who were mining POT started buying it? Do you think that somehow enough new miners would have come online to outweigh the bigger farms that were mining it? If we can increase demand for POT the inverse to your argument will be true, yes there will always be the large bag holders, just like any coin or currency, crypto or fiat, but there are enough coins on the exchanges that we could easily see 1k people buy 100k each, or 10k people buy 100k each, that would most definitely decentralize the supply, it will also reduce the supply while increasing demand.
Take the mining away and the only way to get coins is to buy them with something else, and from somebody else. Its a small barrier for new entry into the system because a new user now has to buy his coins from the holder who is able to replace his sold coins by staking. The large holders stake their coins and make a larger amount than anybody else, simply because they had more to start with. This one I'll admit I'm not sure about, but IMO in this scenario where new users can only buy from current holders that should raise the price, assuming there are new users coming in. But if new users stop coming in, the price will stall, and my guess is that people over time will sell, right back to large holders. I think that's where we are now, market stalled because there is no growth, and a small group of people continuing to collect coins. Last thing to cover, you never asked why I thought this would work with POT specifically, you asked why I though POS was going to see an influx of new money. I answered this and so did @fonzerellie, but in case you missed it. Its easier to get people to support and buy a coin that pays them for having their wallet unlocked and supporting the network than one that doesn't pay you, there is also the what happens when the earnings per block are low enough that its not worth mining.
I heard both of your responses. The electricity problem fonzerellie mentioned I agree with, see my previous. But over time electricity is continuing to get cheaper and mining is getting more efficient. I don't think in the end it will be a big deal. Yes its easier to get people to support a coin that earns them interest, but at the end of the day they want a system that works and doesn't cost them much (that doesn't just mean fees. Lost time is lost business too). Which brings me to this...you still have not answered my question, so third time I'm asking: What do you say to people (specifically merchants) who want to be able to move their coins but can't do it because they're staking? That has always been overlooked in POS systems. Sure its great you get interest but if you actually want to use the currency? no interest for you. Or worse, they do stake the coins and then can't use them when they need them. That will frustrate people into not using this coin. Not everybody, but some. Usability should be more important than gaining interest. |
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I am not sure we are for a decline, long slow or other wise. I have a feeling that some serious funds will flow into POS coins over the next 5-10 years, the legit coins like POT/BLK/BTCD/etc and the ones limping along will benefit from the "rising tide" effect.
I'm curious why you think POS will be on the rise? I have nothing against POS itself but I wonder about the motivations behind turning Potcoin into a POS coin. 2/3 of the entire money supply of Pot is held in just 100 addresses, and 10% of the entire supply is held by a single address. The people that stood to gain the most by turning this coin into POS were most likely the ones pulling the strings. when people lose interest in a pow coin it becomes very cheap to rent enough hashpower to f#ck with the blockchain... that and the major waste of electricity that would make a lot of mainstream people cringe when looking at btc and cryptos... in the long run I think pos coins will do very well as btc slowly increases in popularity. People lose interest in a coin because the coin is failing. Bitcoin and to a degree, Litecoin, is constantly increasing in hash rate not decreasing. I think POS is an interesting solution to the electricity problem but it also introduces a lot of other issues. The whole point of POW is to distribute the coins as fairly as possible. And one of the biggest drawbacks to POS is that it encourages a currency monopolization. In POS the more you have the more you make. So when a coin like POT that already has a small group of people in control of the money supply switches to POS it compounds the problem. Again, the "richlist" that you are quoting is misleading, I also get the feeling that you don't understand supplyVdemand. 25% of POT is locked up 10 address, at least 3 of which are exchanges, that richlist also doesn't account for the 10k other addresses that sites like bittrex have as change addresses. You also need to look at how long its been since coins in the richest addresses have been moved, the longer they sit, the more likely the private key and therefore those coins are lost. Now let me cover supply/demand and how it melds nicely with the stake rate code in POSv2.0. If 25% of the coins are essentially lost, IE either in cold storage or lost private keys the stake rate for POT is therefore at least 25% higher than advertised. Thats also 25% or 50million coins that are NOT on the exchanges to hold down the price. The other thing to consider is inflation, before POT transitioned to POSv, the inflation rate at 50/block was 39million coins/year at 25blocks split that in half, but its still an insane inflation rate and it would have taken years to hit the supposed "cap" of 420million coins, this inflation is why ALL pow coins and the hyperinflation POS coins are on a long slow slide to 0 satoshis. Switching to POSv fixes the inflation rate at 5-6%/year, that means that to keep the price steady all you need is to grow demand by that % every year, not hard to do in the long run with the right plan and a strong community. I think you are confusing and conflating premined POS coins legit and otherwise with coins like POT/RDD/NET/PPC/etc that are either still POW+POS or had an initial POW period for fair distribution and then transitioned to POS. That is enough for now. Maybe its time I did a write up or 2 about inflation and how its a BAD thing as well as a comparative analysis of POW and POS as crypto mining algos. I'm not confusing anything, I think you are trying to turn this into a different argument. My question remains the same. How do you explain staking to a merchant who just wants to move his money when he wants to, but can't. I've been watching POS coins since Peercoin was first launched and I know what its advantages are. It also has some serious drawbacks including being able to "vote" on both sides of a fork. My question is not about POS in general...its about why do you think specifically it will work with Potcoin. Is the rich list misleading? Sure. But to outright dismiss the fact that 2/3 of the entire supply is held by 100 addresses is naive. Yes there is an exchange or two in there, but most of those coins are held by people. Like I said before, the ones who are gaining the most from Potcoin switching to POS are the people who already had the most to begin with. Ending POW only served to further consolidate the money supply. Also your point about the reduced money supply because of dormant coins is totally moot. So what if some coins are dormant. As soon as the price rises those people who are sitting on their cold wallets could easily dump their coins. In fact that's probably exactly what many of them are waiting for. Unless the coins are destroyed or inaccessible you can't just arbitrarily assume they're no longer part of the supply. If that's the case our market cap is nowhere near the number many web sites like coinmarketcap.com quote |
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I am not sure we are for a decline, long slow or other wise. I have a feeling that some serious funds will flow into POS coins over the next 5-10 years, the legit coins like POT/BLK/BTCD/etc and the ones limping along will benefit from the "rising tide" effect.
I'm curious why you think POS will be on the rise? I have nothing against POS itself but I wonder about the motivations behind turning Potcoin into a POS coin. 2/3 of the entire money supply of Pot is held in just 100 addresses, and 10% of the entire supply is held by a single address. The people that stood to gain the most by turning this coin into POS were most likely the ones pulling the strings. The rich list is very misleading. A large chunk of coins are held by the exchanges, bitt/polo/cryptsy. It also doesn't matter how many coins the "whales" have so long as they either aren't moving or aren't being used to play with the price. That 10% held by one address, have you looked at when that input was created? Its been sitting for over a year, its likely that the private key is lost and those coins are out of circulation permanently. What @fonzerellie said about the potential for POS coins, that is a much deeper and hard to explain concept for those that don't have a full grasp on crypto in general. I believe that a variation of POS is what will take over as the dominant coin, POW is very costly and time intensive to manage and get setup. POS wallets on the otherhand cost as much to run as the power cost for a laptop or lightweight server, there is also virtually no limit to the profits that machine can produce per wallet outside of the total coins in circulation. With POW you have to buy more physical hardware to mine more and you increase your power costs linearly, with POS you simply buy more coins and aside from exchange rate flux, your overhead costs as a % of your earnings drop off as you increase the # of coins your staking. POS is like a a high interest bank account, POW is like panning for gold, which one do you think is easier to sell to a store owner when trying to get them to take crypto as a payment option? But we already have bank accounts that offer interest. Why does a currency need to have it built in? A store owner is only going to hold their coins if they can do things like pay their bills with them. Otherwise they'll convert the coins and stick the dollars in their bank account like everybody else already does. They collect interest there too. Let me ask you this...how are you going to explain to a store owner that when his coins stake he can't use them? |
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I am not sure we are for a decline, long slow or other wise. I have a feeling that some serious funds will flow into POS coins over the next 5-10 years, the legit coins like POT/BLK/BTCD/etc and the ones limping along will benefit from the "rising tide" effect.
I'm curious why you think POS will be on the rise? I have nothing against POS itself but I wonder about the motivations behind turning Potcoin into a POS coin. 2/3 of the entire money supply of Pot is held in just 100 addresses, and 10% of the entire supply is held by a single address. The people that stood to gain the most by turning this coin into POS were most likely the ones pulling the strings. when people lose interest in a pow coin it becomes very cheap to rent enough hashpower to f#ck with the blockchain... that and the major waste of electricity that would make a lot of mainstream people cringe when looking at btc and cryptos... in the long run I think pos coins will do very well as btc slowly increases in popularity. People lose interest in a coin because the coin is failing. Bitcoin and to a degree, Litecoin, is constantly increasing in hash rate not decreasing. I think POS is an interesting solution to the electricity problem but it also introduces a lot of other issues. The whole point of POW is to distribute the coins as fairly as possible. And one of the biggest drawbacks to POS is that it encourages a currency monopolization. In POS the more you have the more you make. So when a coin like POT that already has a small group of people in control of the money supply switches to POS it compounds the problem. |
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I think you guys are missing the point about consumers and merchants. Both of those are at the mercy of the laws where they conduct business. If the government is making it difficult to transact in Bitcoin then people are not going to use it. Its not worth the financial risk to cross the government. Why do you think so many companies pulled out of New York when the Bitlicense nonsense passed?
Merchants don't care what currency the buyer uses as long as they can seamlessly exchange it to something they want. Services like Bitpay already exist for this purpose. What stops most merchants from accepting Bitcoin today is uncertainty. They don't know where this technology is headed in the future, and more importantly they don't know how their government is going to react to it.
Mainstream adoption is great but its not going to happen quickly. The more people start to use it the harder governments will regulate it. Eventually I think Bitcoin will break through but not after years of working through bad legislation put in place by people who don't want to see the status quo change.
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I am not sure we are for a decline, long slow or other wise. I have a feeling that some serious funds will flow into POS coins over the next 5-10 years, the legit coins like POT/BLK/BTCD/etc and the ones limping along will benefit from the "rising tide" effect.
I'm curious why you think POS will be on the rise? I have nothing against POS itself but I wonder about the motivations behind turning Potcoin into a POS coin. 2/3 of the entire money supply of Pot is held in just 100 addresses, and 10% of the entire supply is held by a single address. The people that stood to gain the most by turning this coin into POS were most likely the ones pulling the strings. |
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Bytecoin is based on the cryptonote algorithm which itself is based on zero knowledge proofs. For what it's worth, Bytecoin/CryptoNote is based on ring signatures, not on zero knowledge proofs. Its based on both actually. In the Cryptonote algorithm, the creator of a ring signature does so using a zero knowledge proof. I really don't know too much about its implementation because there are a number of ways to actually accomplish this and I'm not familiar with the actual code. But if you read the white paper its mentioned briefly that a ring signature is generated using a zero knowledge proof. The paper seems to leave the actual technique up to whoever implements the algorithm though: https://cryptonote.org/whitepaper.pdf |
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That bytecoin you mention sounds exactly the opposite of what I am reading. It says here bytecoin is an "exact" carbon copy of bitcoin. If it is a copy that means that the algorithm should be exactly the same as well. please elaborate and thank you
My apologies you are talking about the Bytecoin clone. There are actually two Bytecoins. One was created in 2012 and uses the cryptonote algorithm I mentioned. Its noted as BCN. The other bytecoin is the one you're talking about. It was released in 2013 and is as you put it, a carbon copy of Bitcoin. That one is noted BTE. I would stay away from BTE. It offers nothing that Bitcoin does not and is not accepted anywhere that I know of. Its not worth investing in IMO. Bitcoin is pretty much the king in cryptocurrency today, although there are some cool innovations in other coins like the first Bytecoin I mentioned  |
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This was always the goal for many people. IMO there have always been two groups of people in cryptocurrency. Those who are trying to physically create a new digital currency and do away with the old analog system of paper money and coins, and those who see Bitcoin only as a digital settlement system. Circle it seems is the latter. Their new system will be using Bitcoin as a transfer protocol, not really a currency. |
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How many users (estimated) are there in Bitcoin right now?
It seems to me that 4-5 years are needed to achieve this...
Oh its going to take longer than 4-5 years to reach a billion users. You're talking about 1/7 of the population of the planet. That many people don't even use VISA why so much time? if bitcoin would become more mainstream and more companies would accept it the interest would start growing really fast Yes but I don't think that will happen in the near future. Right now currencies in this world are controlled by the various governments that issue and regulate them. In order for bitcoin to be "mainstream" those government issued currencies would have to take a hit. There is no other way around it. If people are using Bitcoin they are not using USD, CNY, RUB, etc. Governments don't take kindly to people messing with their money. I would expect the next 4-5 years are going to be quite difficult for Bitcoin as we have to fight through stifling regulation. Its a new technology, and its going to scare a lot of policy makers into trying to stop or at least limit the growth of Bitcoin. Especially considering the banking industry has the government firmly in its pocket, at least here in the US. |
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How many users (estimated) are there in Bitcoin right now?
It seems to me that 4-5 years are needed to achieve this...
Oh its going to take longer than 4-5 years to reach a billion users. You're talking about 1/7 of the population of the planet. That many people don't even use VISA |
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Is it like Bytecoin? What is this bytecoin I am reading about BTE? since 2013?
I am so confused? Which should I buy? I have 25K to spend
Maria5.0
Bytecoin is an alternative to Bitcoin. It focuses on anonymity in making a transaction, which bitcoin does not. Basically Bytecoin attempts to mask the sender's identity, and Bitcoin does not care about the sender's identity. You can read more about it hereI would advise caution though. Bitcoin is the first cryptocurrency, and has come under more technical scrutiny from professionals than any other coin. Bytecoin is based on the cryptonote algorithm which itself is based on zero knowledge proofs. Its what I would consider research-level technology. Its new and relatively untested. |
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Your correct, but not in the way that this person has been posting. I would argue that a thread dedicated to the discussion of POTcoin is NOT the place to make accusations against another coin. The long ass posts that this person is spamming the forum with does nothing except bury whole pages of discussion and makes it harder for people to keep up with the conversation and ask questions/get answers/help.
IMO the correct way to do it is to start a new thread titled "Xcoin Accusations, is it a scam?" and then post a simple request in ALL relevant threads asking people to join the discussion.
This. The first thing I thought was "why is this guy posting a novel here?" I will say this though... that was one hell of a post. It's the type of post that when you write it the first time, you pray that nothing happens that makes you have to rewrite everything again. I get pissed when I write a 1 line post, and BCT says "unable to post at this time", and then somehow I lose the post in the process of trying to go back and resubmit. lol -Fuse This I could agree with. All he had to do was post a link to the long explanation in this thread and I don't think anybody would have batted an eye. People just didn't want to scroll through all of it. But to say the information in his post was not relevant I think is wrong. Where did anyone say that what was said was irrelevant? As far as I am concerned the threads for specific coins/companies should be used for ONLY discussions pertaining to that entity, its not the place to post accusations or praise for any other coin/company/etc. If you wish to post a request to join another discussion, I have no problem with that. ...You were the first to say it... I flagged it as off topic, would someone please delete it.
Edit: I'm not trying to start something I'm just saying the information he posted was entirely relevant, and thus very much on topic. Do you honestly think that posting a fullpage post not once but TWICE bashing another coin is on topic for this thread? We can split hairs all day long but the truth of the matter is that this is NOT the place to spam accusations or praise for another coin. As I and nyc2afuse said there are better ways to go about getting a message out about a coin being a scam or the mana from heaven, whatever your POV is. All that novel of a post did was bury other relevant posts and discussions making it more difficult for people to see the current and active discussions taking place. It didn't bury anything there's been no real activity in this thread for a year. The only thing people were coming to this thread for in recent months was when they botched the POSv transition and wanted answers. Yes it was annoying to scroll through the long post but so what? In a day its on an archived page and everybody moves on. At this point anything that gets people talking about Potcoin and coming to the thread is good. Its been in decline for a year and that trend is going to continue until either something happens out of our control that pushes more people toward this coin (like a CANN scam) or a massive effort by the development staff and their team to get the coin accepted in real world stores. Barring that, we're in for a long and slow decline and we'll be bickering about it till the end. |
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Your correct, but not in the way that this person has been posting. I would argue that a thread dedicated to the discussion of POTcoin is NOT the place to make accusations against another coin. The long ass posts that this person is spamming the forum with does nothing except bury whole pages of discussion and makes it harder for people to keep up with the conversation and ask questions/get answers/help.
IMO the correct way to do it is to start a new thread titled "Xcoin Accusations, is it a scam?" and then post a simple request in ALL relevant threads asking people to join the discussion.
This. The first thing I thought was "why is this guy posting a novel here?" I will say this though... that was one hell of a post. It's the type of post that when you write it the first time, you pray that nothing happens that makes you have to rewrite everything again. I get pissed when I write a 1 line post, and BCT says "unable to post at this time", and then somehow I lose the post in the process of trying to go back and resubmit. lol -Fuse This I could agree with. All he had to do was post a link to the long explanation in this thread and I don't think anybody would have batted an eye. People just didn't want to scroll through all of it. But to say the information in his post was not relevant I think is wrong. Where did anyone say that what was said was irrelevant? As far as I am concerned the threads for specific coins/companies should be used for ONLY discussions pertaining to that entity, its not the place to post accusations or praise for any other coin/company/etc. If you wish to post a request to join another discussion, I have no problem with that. ...You were the first to say it... I flagged it as off topic, would someone please delete it.
Edit: I'm not trying to start something I'm just saying the information he posted was entirely relevant, and thus very much on topic. |
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At one time I was running 22 of these. Solid little units, and reliable too.
Worst problem I had was with them getting beat up during shipping. The ones with the extra metal bracing along the top fared much better...
Protip, unplug the USB cables from the hashing boards if yours doesn't have the metal bracing, will keep the top from flexing and popping the miniusb connections straight off of the hashing boards. The buyer can easily just plug them back in when they get it.
Interesting and thanks for the tip. You're right its a great miner, one of the few scrypt miners that performed better than advertised. It has two metal cross braces inside the case and each of the 5 hashing boards are screwed into the braces. The case is a little beat up on the outside I suppose but that's how I received it originally. I'm not sure why it came without the two metal handles that most of the G-Black units had. The case has the holes for them but they were not included when I bought it. Doesn't affect the hashing at all. For anybody who is interested I have the original box and packing materials that it was shipped in, and I will simply be re-using those. |
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Your correct, but not in the way that this person has been posting. I would argue that a thread dedicated to the discussion of POTcoin is NOT the place to make accusations against another coin. The long ass posts that this person is spamming the forum with does nothing except bury whole pages of discussion and makes it harder for people to keep up with the conversation and ask questions/get answers/help.
IMO the correct way to do it is to start a new thread titled "Xcoin Accusations, is it a scam?" and then post a simple request in ALL relevant threads asking people to join the discussion.
This. The first thing I thought was "why is this guy posting a novel here?" I will say this though... that was one hell of a post. It's the type of post that when you write it the first time, you pray that nothing happens that makes you have to rewrite everything again. I get pissed when I write a 1 line post, and BCT says "unable to post at this time", and then somehow I lose the post in the process of trying to go back and resubmit. lol -Fuse This I could agree with. All he had to do was post a link to the long explanation in this thread and I don't think anybody would have batted an eye. People just didn't want to scroll through all of it. But to say the information in his post was not relevant I think is wrong. |
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No one give a shit about CANN here. This is PotCoin. Please keep your crap post off our thread. PotCoin is better than CANN and other pot related coins! I think 10 PotCoin member can beat 1000 CANN shill. (See what I did here?)researchyourcoin is not a shill, unless they are trying reverse psychological tactics. It looks like they were an early buyer on cann and are now pissed that its not worth 1million/coin. Please EVERYONE do the thread a favor and report and ignore these type of posts, there is a place for them but that is not in the threads for other coins. I would argue the potential demise of Potcoin's biggest competitor is directly relevant to this thread. Especially considering anybody new to Crypto are left with just 3 cryptocurrecnies that are attempting to directly support the marijuana industry. Don't forget that people are investing real world money into these coins, and they deserve to know what they're getting into. There is a difference between trolling another coin and spreading relevant information about a competitor. I mean we're all on BITCOINtalk forums aren't we? |
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i assume international shipping is not due the cost of shipping :/, i would love to get it but i cant pay large shipping fees, i hope you find a buyer
Well it depends on what country you mean specifically. If its Canada or Mexico that's a lot cheaper than somewhere in Europe for example. I don't really know what it will cost to ship internationally unless I know what country I'm shipping to. |
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I have for sale a Gridseed G-Black Scrypt miner. The unit is rated 23-25 Mh/s but I consistently get ~26.5 Mh/s with no overclock (chips @ 800 MHz). It draws about 450-500 watts from the wall. Power supply and Raspberry Pi control board are included. The miner is running the Minera operating system (more info here) on a microsd card which I will include along with the Raspberry Pi. Asking price is 0.60 BTC plus shipping. I prefer to ship to the USA and I will charge a flat $35 shipping cost (converted to BTC for payment) to anywhere in the Domestic US. If you're international and still want to buy the miner send me a pm and we can work out additional shipping charges. I prefer not to use escrow as its simpler and I've done a number of deals on these forums without it. However I understand if a buyer insists on escrow, so I will accept it. All escrow fees will be paid by the buyer and it will be his/her responsibility to find a reputable escrow agent. Here is a screenshot of the Minera dashboard: https://i.imgur.com/xvqWaD5.pngThe hashrate at the top is what the pool is reporting (26.61 mh/s) and the hashrate at the bottom of the screen is what the miner itself is reporting (26.94 mh/s). Error rates are consistently below 0.4% overall for the miner although there are 10 circuits and one of the 10 always seems to be a little higher (1.81% error rate shown in the screenshot). Miner uptime in the picture is about 5 days. I typically restart the miner once a week just for the hell of it, although I probably don't need to. The Minera OS will automatically restart the miner if it stops mining for any reason. And here are a couple pictures of the miner itself (front and back) https://i.imgur.com/OHYMXSh.jpg?1https://i.imgur.com/uFHB5mi.jpg?1 |
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Disclaimer: I apologize for posting this here but details above are important and should be made public for the good of all weed coins.
Well thats about the most in depth warning I've ever seen for a coin posted in the thread of its competitor. Thanks for the heads up. |
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