CoExistCoin Blockchain tech to Empower the less fortunate

[frostminer]

50 per block 60 sec = 72 000 COXST mined daily
25 per block 60 sec = 36 000 COXST mined daily
10 per block 60 sec = 14 400 COXST mined daily

1440 blocks daily

Damn no wonder the price was going down. 50k a day getting dumped.
I vote for at least 10. What say you all ?

More than 72K...

But 72K is based on "perfect" difficulty.
When a big miner swoops in at low diff, he blows that limit far off... until diff has risen. But that might take a while.. meanwhile he is harvesting blocks like a rock crusher.

So its possible to "pump" it to over 100k

[limaphii]

Just inquired about getting POW down to 10 per block.

[frostminer]

Just inquired about getting POW down to 10 per block.

I think that will be a good move. Put a brake on the dumping, fast.

[limaphii]

Hey all. Hope all is good.

POW rewards down to 10 per block to be done this week. Just looking into a few things since source is being adjusted. May not half it at all and keep it at 10 forever.

Any suggestions or thoughts. Work getting done starting tomorrow, wednesday the latest.

[frostminer]

Hey all. Hope all is good.

POW rewards down to 10 per block to be done this week. Just looking into a few things since source is being adjusted. May not half it at all and keep it at 10 forever.

Any suggestions or thoughts. Work getting done starting tomorrow, wednesday the latest.

I dont see the problem with a "unplanned" change in reward, when its for the health of the coin.

Miners get less, but at the same time whats the point of getting many if they are worthless?
So in the long run i think miners will benefit too.


The main point of mining is moving the blockchain forward... not spreading massive coins for dumping.



Some numbers:

Block reward 10 COXST = 14 400 coins daily.
14,4k coxst is about 0.00905386 BTC at current value.
Which is a small "drain" from the value compared to 5x reward.

They key thing here beeing "current value"

[LeChuckDE]

I say believe in this coin !
Yobit exchange rate at 121 SAT

[Stein]

Hey all. Hope all is good.

POW rewards down to 10 per block to be done this week. Just looking into a few things since source is being adjusted. May not half it at all and keep it at 10 forever.

Any suggestions or thoughts. Work getting done starting tomorrow, wednesday the latest.

I think that is the wise way to go for now. you can always adjust it later. Seems like the people supporting the coin now are true believers. That's a great thing!
So how goes Coinomi, the donation gateway and the other things you are working on ?

[Stein]

I say believe in this coin !
Yobit exchange rate at 121 SAT

Yes!

How goes the multipool ?
Will we be able to mine any coin and have sold and Coxst purchased ?

[limaphii]

Hey all. Hope all is good.

POW rewards down to 10 per block to be done this week. Just looking into a few things since source is being adjusted. May not half it at all and keep it at 10 forever.

Any suggestions or thoughts. Work getting done starting tomorrow, wednesday the latest.

I think that is the wise way to go for now. you can always adjust it later. Seems like the people supporting the coin now are true believers. That's a great thing!
So how goes Coinomi, the donation gateway and the other things you are working on ?

Coinomi situation is not going well. At the moment its going to cost me very close to 2 bitcoin to have it done. So theres that hurdle.
 I am looking for finance help in fintech investment companies.That way I can just hire a coder and be done with this scraping by and begging for help.

On the website you can now donate with credit card and pay pal. Figuring out how to get the shapeshift option on my site. It seemed easy but not so much.

Right now I am getting stuff together to send source and wallet source to the person adjusting pow payout. To me this is most important. Have source worked on, compiled wallets and stuff is just at about a half bitcoin.

Every day trying to spread the word and get more eyes on us. Tonight I am going to try and get some donations into our charity. Outside of coexistcoin donations I have not seen one other type of donation. No btc. Credit card on site was completed last night. Im hopeful that helps.


I am working everyday on this. Sooner or later we have to break through. Not many alts actually providing a service. We are. Blockchain tech is so hot right now.

[LeChuckDE]

I say believe in this coin !
Yobit exchange rate at 121 SAT

Yes!

How goes the multipool ?
Will we be able to mine any coin and have sold and Coxst purchased ?

no at time it runs a longtimetest for additional 48 hours.
will only publish when it runs at last 5 days in total without any problems.
Today I have add a second miner to it with seperate wallet address to test the payout function.
CoExistCoin should receive since saturday for each found block 0.125 CoExist. (0.25 %) at time i will not donate to me any fee. so that it will be 0.25 CoExist each block to CoExist.

must do a little bit tuning and design at userfrontend. but over all it is up and running.

The plan for a multipool was to help new coins to get mining pools.

The function to mine different coins and autoexchange them to coexist sounds nice.
The Poolsoftware could support this function, but i have to test it before implementing.

[limaphii]

that is awesome

[limaphii]

Just an update. Programmer was back logged with work. POW rewards down to 10 per block should be complete tomorrow, Friday latest. If your mining now is the time to ramp up. Huge rewards gone soon

[Stein]

Just an update. Programmer was back logged with work. POW rewards down to 10 per block should be complete tomorrow, Friday latest. If your mining now is the time to ramp up. Huge rewards gone soon

Awesome. hopefully that will help the price. Maybe up to POS a little to compensate? I dunno

[limaphii]

I hope it helps. I really really wish I foreseen this earlier. I believe the value will rise but man this hurts. Not me personally but to you and others that helped out and bought pre sale. It does hurt my heart.

POS I believe changes and goes up soon. Ill ask him to check since hes going to be all up in the source. I was contemplating another algorithm also, but its a bit much right now. I have so much I want to do but the investment is a bit high. Thats whyupdates are not one big sweeping one.


On the bright side I am talking with an investment firm. If things work out we will have all the funding needed. I am optimistic but keeping a positive attitude about it.

   

[Stein]

That would be awesome if you get funding! I would vote for a new algorythm. If someone points an x11 Asic rig at Coxst its gonna hurt BUT with the new reward, maybe not so much.


HoDl just got on this Chinese exchange.
Maybe someone that speaks Chinese could help us get on there too ?
https://www.gobiw.com/

[frostminer]

Just an update. Programmer was back logged with work. POW rewards down to 10 per block should be complete tomorrow, Friday latest. If your mining now is the time to ramp up. Huge rewards gone soon

Awesome. hopefully that will help the price. Maybe up to POS a little to compensate? I dunno

The good thing about POS is that it inspires ppl to gather and hold, to get more.

The bad thing about only POS, it becomes a "rich mans game".

Combination of early POW for making and spreading coins gives many a chance.

Keeping a low reward-POW for later stages are good for the same reason ..
still possisble to get some coins without having startup cash.
And if the value of the coin rises high, mining will gain interest again.
But with low pow-reward at late stage, the chance of crashing the price with big mining dumps or multipool are much smaller, as more coins are spread out.

But the POS might seem i bit low here.
You need to have a lot of coins to get ok rewards.


Its all a fine line to walk.
I think adjusting coin settings during the walk is smarter than blindly follow an initial roadmap.


Im excited to see the effect of lowered POW reward @ COXST during the next weeks.

[limaphii]

The plan is to keep both POW and POS entire time.

We will see how this affects price. There may be a point in a few months we want to change algo. By then we can write up remainder of pow and pos rewards.

Programmer is working on it so it should be done Im hoping tomorrow the latest.

My next focus is getting eyes and funds flowing through network and assembling a team. I cannot do this alone. Its clear. This is a big undertaking especially for what is planned for this year.


I thank you all for the support. It helps drive me.

Back to day job. Fun day. repairing and refurbishing an old arcade game

[limaphii]

Brought to my attention that source is like 3 years outdated. Coxst is a clone of peercoin. Since we are in changing pow might as well update source so its not weak. Going to update it now even though down the road we may change algo. Have to be up to date for all exchanges and for our own peace of mind. I started day trading on my phone again to pay for all this lol

I will keep everyone posted as to whats going on the moment I find out.

[Stein]

Brought to my attention that source is like 3 years outdated. Coxst is a clone of peercoin. Since we are in changing pow might as well update source so its not weak. Going to update it now even though down the road we may change algo. Have to be up to date for all exchanges and for our own peace of mind. I started day trading on my phone again to pay for all this lol

I will keep everyone posted as to whats going on the moment I find out.

Sounds great!

Also please check this out

Maybe someone that speaks Chinese could help us get on there too ?
https://www.gobiw.com/

Check out what getting on there did to hodl today.

[limaphii]

Brought to my attention that source is like 3 years outdated. Coxst is a clone of peercoin. Since we are in changing pow might as well update source so its not weak. Going to update it now even though down the road we may change algo. Have to be up to date for all exchanges and for our own peace of mind. I started day trading on my phone again to pay for all this lol

I will keep everyone posted as to whats going on the moment I find out.

Sounds great!

Also please check this out

Maybe someone that speaks Chinese could help us get on there too ?
https://www.gobiw.com/

Check out what getting on there did to hodl today.

Thats why hodl went up today? Ok cool. Ill email translator now.