SandG Is about to undergo a coin swap and will become POSInvest [POSIV]

SandG will be swapped at a rate of 10/1 so every 10 SANDG will get you 1 POSIV



Details of new coin:

• PoW/PoS Hybrid
• X11 algorithm
• Total supply ~ 18000000
• BlockTime - 240 sec
• Retarget every 480 sec
• Mined coins set at 30 confirms
• PoS starts at block 2520 (approx 1 week from start)
• PoS reward - 8% yearly
• Min. StakeAge - 8 hours
• Max. StakeAge - 30 days
• Premine for coin swap - 3064800 (coinmarketcap available supply at time of creation)

You will note I have reduced the total coin supply from 21 Mil down to 18 Mil, also addressed was the confirms required for mined coins from 100 down to 30.
POS has been added and Super Mining is a new addition to POW block rewards ( see below ) I have abandoned the SHA256 algo and replaced it with an X11 algo.



PoW rewards and Super Mining
    

• Block 1 -> 2.880 - 10 POSIV
• Block 2.880 -> 10.000 - 6 POSIV
• Super Mining - 10.001 -> 12.880 - 20 POSIV
• Block 12.881 -> 43.200 - 6 POSIV
• Super Mining - 43.201 -> 46.081 - 25 POSIV
• Block 46.082 -> 146.080 - 6 POSIV
• Super Mining - 146.081 -> 148.960 - 30 POSIV
• Block 148.961 -> 248.960 - 5 POSIV
• Super Mining - 248.961 -> 251.840 - 30 POSIV
• Block 251.841 -> 351.840 - 5 POSIV
• Super Mining - 351.481 -> 354.720 - 30 POSIV
• Block 354.721 -> 500.000 - 5 POSIV
• Super Mining  - 500.001 -> 502.880 - 30 POSIV
• Block 502.881 -> 1.000.000 - 5 POSIV
• Super Mining - 1.000.001 -> 1.002.880 - 30 POSIV
• Block 1.002.881 - 4 POSIV

This new coin will adapt the same principle as SANDG but on a grander scale.


Coin swap is expected to begin within 2 weeks, SANDG is still available to mine here www.megahash.co.uk

Comments welcome:





 

pool?

I tried lol

There will be pools on launch, mine will be one and if ocminer wants to then thats cool

Yeah I know, but ive been reading on here about people that like ICO's etc because they simply cant or don't mine, and as I want to make a fun coin as opposed to all the shit that pretends to offer riches, I wanted to offer a way in to those people.

Its fun nothing serious, but saying that, I do know my way around the world of crypto, and do have a few ideas to support this coin.

But it was built for "Shits and Giggles" and as per title "Prob not the future of digital currency" but we will see I guess

I toyed with different figures of premine 100k, 200k, 10k and in the end settled for 500 blocks worth... (50k)

you've got this all wrong...

you supposed to hype this shit (pun!) and create a new account to launch it

What is strange is that you say this is a bs coin yet you are still hoping to raise 1.5BTC?

No thanks, i have enough other dead shitcoins. 

  ready fot renting rigs

Well if it's for shits and giggles how about you distribute a portion of your premine to Bitcointalk users for free? Seriously there is no better way to get a community started, especially since this is a fun experiment at best. Remember the good old days when free distribution coins were popping up all the time on here? Man those were fun 

This is a good point and one I hadn't considered.

How would you suggest I implemented it ?

Major change to original OP

50k premine will now be given away, and as I am no longer waiting for people to buy the premine I will launch this at 9pm TONIGHT UK time.

And thanks to ObscureBean for suggesting the idea to me.....