[ANN]◤◤◤█ PUNISHERCOIN █ ◤◤◤ ♛♛♛ LAUNCHED ♛♛♛[P666] -POW-SCRYPT- ▲ 7 Oct 2015▲

[ocminer]

Hey Dev, new Name for your Next ICO:


CypherDashDarkLite

[nLOGO-SeRvIcE]

Hey Dev, new Name for your Next ICO:


CypherDashDarkLite

You're impossible, my coin will be developed, and I'm not DEV Bitcoinhashcore and etc. and I performed for them only graphics

[ocminer]

Hey Dev, new Name for your Next ICO:


CypherDashDarkLite

You're impossible, my coin will be developed, and I'm not DEV Bitcoinhashcore and etc. and I performed for them only graphics

Awww... Why is the Wallet from Walletbuilders then ?

Don't worry, I won't tell anybody ;-)

[smarterhash]

how is getting listed on an exchange coming along?

[skyline247]

Hmm. Nice theme but I can't really dance with it. Something about this seems so familiar.

[nLOGO-SeRvIcE]

Please donate to address BTC 1CGH7KMK32gtQR8FdHZoyK1f28NDFKrvv6  Thanks

NEXT SEND BTC FOR YOBIT CODE
https://blockchain.info/address/1CGH7KMK32gtQR8FdHZoyK1f28NDFKrvv6 

[skyline247]

Please donate to address BTC 1CGH7KMK32gtQR8FdHZoyK1f28NDFKrvv6  Thanks

NEXT SEND BTC FOR YOBIT CODE
https://blockchain.info/address/1CGH7KMK32gtQR8FdHZoyK1f28NDFKrvv6 

 I'll get right on that. Just let me finish my sardine sandwich. Hey....wait...something smells fishy. Is it just the amines or is my nose trying to tell me something?

[seedtrue]

Please donate to address BTC 1CGH7KMK32gtQR8FdHZoyK1f28NDFKrvv6  Thanks

NEXT SEND BTC FOR YOBIT CODE
https://blockchain.info/address/1CGH7KMK32gtQR8FdHZoyK1f28NDFKrvv6 

Donate for what? WTF are you talking about?

[skyline247]

Please donate to address BTC 1CGH7KMK32gtQR8FdHZoyK1f28NDFKrvv6  Thanks

NEXT SEND BTC FOR YOBIT CODE
https://blockchain.info/address/1CGH7KMK32gtQR8FdHZoyK1f28NDFKrvv6 

Donate for what? WTF are you talking about?

 Y'know. I was thinking the same thing. Not sure where he is going with this.

[SebastianJu]

It's the 10th today. I would release the coins to the issuer in some hours. So i think everyone invested knew where he invested in and i think there is no reason to hold the funds back. Let me know if i missed something. Otherwise i will release the coins to the issuer in around 10 hours.

[coinmyne]

If you only premined 40 blocks, where are you getting all your coins? 40 * 666 = 26,640. Yet I saw you made an offer to sell 4,000,000 coins to someone. And you are offering large bounties for pools and block explorers. Where are all those coins coming from?

EDIT:

Aha. I found it:

Code:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 666 * COIN;

     if(nHeight == 1)
     {
        nSubsidy = 44400000 * COIN;
     }

    // Subsidy is cut in half every 50000 blocks
    nSubsidy >>= (nHeight / 50000);

    return nSubsidy + nFees;
}

Yes, that's 44.4 MILLION coins that were premined. So 2/3 of the coins, if the coin total is 66 million, were mined on the genesis block.

SCAM, if you ask me. Or perhaps the developer would like to explain this.

[coinmyne]

It's the 10th today. I would release the coins to the issuer in some hours. So i think everyone invested knew where he invested in and i think there is no reason to hold the funds back. Let me know if i missed something. Otherwise i will release the coins to the issuer in around 10 hours.

Except that the whole thing is a fraud. The developer advertised that there would only be 40 blocks premined for "test", whatever that means. In fact, 44,400,000 coins were premined in a single block. He claimed he was going to do one thing, and he did another thing. And it wasn't just a small thing. What he did was extremely detrimental to the value of the coin.

You should send the BTC back to the people who sent it to you, send the developer back his worthless coins (assuming you are escrowing those as well), and avoid future dealings with this particular developer. That's my opinion.

[ocminer]

If you only premined 40 blocks, where are you getting all your coins? 40 * 666 = 26,640. Yet I saw you made an offer to sell 4,000,000 coins to someone. And you are offering large bounties for pools and block explorers. Where are all those coins coming from?

EDIT:

Aha. I found it:

Code:

int64 static GetBlockValue(int nHeight, int64 nFees)
{
    int64 nSubsidy = 666 * COIN;

     if(nHeight == 1)
     {
        nSubsidy = 44400000 * COIN;
     }

    // Subsidy is cut in half every 50000 blocks
    nSubsidy >>= (nHeight / 50000);

    return nSubsidy + nFees;
}

Yes, that's 44.4 MILLION coins that were premined. So 2/3 of the coins, if the coin total is 66 million, were mined on the genesis block.

SCAM, if you ask me. Or perhaps the developer would like to explain this.

Good catch !

All my warnings have been ignored, good someone else confirms this

[coinmyne]

Dev - I have 5000 P666 coins. How much will you buy them back for?

[saymissme]

i will close my p666 pool
after 10 hours

[stoner19]

UNSOLD COINS BURN HAPPY ?

Just because you've given it a vanity address with the word "burnaddress" in it doesn't make it provably unspendable.

[DeCrypterManiac]

trust ist lost already. i want my btc back

[SebastianJu]

So can someone tell me how easy it would be to create a vanity address with the long word BurnAddress in it? I'm not sure but i think it would be pretty hard to create such a bitcoin address and i'm not sure if it would be easier for this coin.

Since no block explorer exists yet and i do not have the wallet installed, can someone, maybe stoner19, check the public key of the burn address with getrawtransaction in the wallet console?

A proper burn address that is provably unspendable should have a lot of zeros in its public key i think. See http://earlz.net/view/2014/10/22/0340/provably-spendable-altcoin-burn-addresses.

I hope this solves correctly. For now i will wait and not release the coins to the issuer until this is cleared.

[seedtrue]

It would be extremely difficult to generate an 11 character case specific address with vanitygen, though not impossible.


edit: I tried with a bitcoin address, but not sure if it is working correctly for 2 GPUs

oclvanitygen.exe -d 0:0 -d 0:1 1BurnAddress
Difficulty: 9883693997182075238
[28.63 Mkey/s][total 486539264][Prob 0.0%][50% in 7588.9y]

[SebastianJu]

It would be extremely difficult to generate an 11 character case specific address with vanitygen, though not impossible.


edit: I tried with a bitcoin address, but not sure if it is working correctly for 2 GPUs

oclvanitygen.exe -d 0:0 -d 0:1 1BurnAddress
Difficulty: 9883693997182075238
[28.63 Mkey/s][total 486539264][Prob 0.0%][50% in 7588.9y]

Yeah, though that are GPU only. It might be way easier with Asics. I believe there were services for that too, though i did not find one yet. At least one could check how costly it would be. The ico is worth now only 0.15 bitcoins, which means the cost for creating such a vanity address must be lower than that since otherwise it would make more sense to mine properly with the hardware.

So in case this is not a correct burn address after Earlz rules then the burn address should only be safe when the cost creating it would be low. Of course i assume that the transaction and address exists. I can't check yet.