[ANN][XMT] Summitcoin - *** ICO COMPLETE*** POW Rewards still available!!

[highaltitude20322]

Is the buy wall guaranteed?
How much of the BTC you receive will you use for the buy wall?
How long will you keep up the buy wall?

Hello! Thanks for the questions.

The buy wall is 100% of the ICO and the wall will be up for 7 days minimum. We have a few plans for the post launch BTC since we'll have an XMT fund for development. One option that has been discussed is a buyback or extending the buy wall.

[kprell40]

I see Summitcoin is on cryptopia.co.nz    and it's  Awaiting moderator review.

   https://www.cryptopia.co.nz/Home/Voting



 

[highaltitude20322]

Follow our twitter account: Summitcoin Twitter

Keep an eye out, we're going to give away some XMT tonight!

[CryptoHobo]

problem with pow?

suprnova : Round Progress: 25,218.13 %

http://pool.summitco.in/ : 9,928.67% Of Expected Shares

 

[ocminer]

problem with pow?

suprnova : Round Progress: 25,218.13 %

http://pool.summitco.in/ : 9,928.67% Of Expected Shares

 

POW is over:

https://github.com/summitcoin/summitcoin/blob/master/src/chainparams.cpp#L107

I just added the msg on the pool.

Please withdraw your remaining funds and thanks for mining

[ktfutura]

I see Summitcoin is on cryptopia.co.nz    and it's  Awaiting moderator review.

   https://www.cryptopia.co.nz/Home/Voting



 

haha, your shit ICO won't be added

[madmartyk]

How can POW be over?  In the OP is states

Total Coin Supply: 70,000,000 XMT
Premine: (ICO*) - Block 1: 55,000,000 XMT
Week 1: (ICO Period) - Block 2-11,000: 1 XMT/block - (10999 XMT)
Month 1: Block 11,001 - Block 54200: 115 XMT/block - (4,967,885 XMT)
Year 1: Block 54201 - Block 579801: 9.5 XMT/block - (4,993,200 XMT)
Year 2-5: Block 579801 - End of Life: 2 XMT/block - (4,000,000 XMT)


Should POW go for 5 years?

[madmartyk]

Also, hey YoBit, why can't we WD XMT?  If we can WD, we can stake!

[kprell40]

How can POW be over?  In the OP is states

Total Coin Supply: 70,000,000 XMT
Premine: (ICO*) - Block 1: 55,000,000 XMT
Week 1: (ICO Period) - Block 2-11,000: 1 XMT/block - (10999 XMT)
Month 1: Block 11,001 - Block 54200: 115 XMT/block - (4,967,885 XMT)
Year 1: Block 54201 - Block 579801: 9.5 XMT/block - (4,993,200 XMT)
Year 2-5: Block 579801 - End of Life: 2 XMT/block - (4,000,000 XMT)


Should POW go for 5 years?

Should POW go for 5 years??

[madmartyk]

How can POW be over?  In the OP is states

Total Coin Supply: 70,000,000 XMT
Premine: (ICO*) - Block 1: 55,000,000 XMT
Week 1: (ICO Period) - Block 2-11,000: 1 XMT/block - (10999 XMT)
Month 1: Block 11,001 - Block 54200: 115 XMT/block - (4,967,885 XMT)
Year 1: Block 54201 - Block 579801: 9.5 XMT/block - (4,993,200 XMT)
Year 2-5: Block 579801 - End of Life: 2 XMT/block - (4,000,000 XMT)


Should POW go for 5 years?

Should POW go for 5 years??

That is what the OP said.  So I'm confused.  Some time last night they killed POW, so I wasted hours of hash time.

[Maxikosw]

I think that just bad coding... Premine is way too large if mining end at this point...

[kprell40]

How can POW be over?  In the OP is states

Total Coin Supply: 70,000,000 XMT
Premine: (ICO*) - Block 1: 55,000,000 XMT
Week 1: (ICO Period) - Block 2-11,000: 1 XMT/block - (10999 XMT)
Month 1: Block 11,001 - Block 54200: 115 XMT/block - (4,967,885 XMT)
Year 1: Block 54201 - Block 579801: 9.5 XMT/block - (4,993,200 XMT)
Year 2-5: Block 579801 - End of Life: 2 XMT/block - (4,000,000 XMT)


Should POW go for 5 years?

Should POW go for 5 years??

That is what the OP said.  So I'm confused.  Some time last night they killed POW, so I wasted hours of hash time.

 I think but not sure it is a software glich or a setting issue in the chainparams.cpp
 File.
 
  https://github.com/summitcoin/summitcoin/blob/master/src/chainparams.cpp#L107


  base58Prefixes[PUBKEY_ADDRESS] = list_of(63);
        base58Prefixes[SCRIPT_ADDRESS] = list_of(125);
        base58Prefixes[SECRET_KEY] =     list_of(191);
        base58Prefixes[EXT_PUBLIC_KEY] = list_of(0x04)(0x88)(0xB2)(0x1E);
        base58Prefixes[EXT_SECRET_KEY] = list_of(0x04)(0x88)(0xAD)(0xE4);

        convertSeed6(vFixedSeeds, pnSeed6_main, ARRAYLEN(pnSeed6_main));

        nLastPOWBlock = 8000;         <-----------------------
    }

    virtual const CBlock& GenesisBlock() const { return genesis; }
    virtual Network NetworkID() const { return CChainParams::MAIN; }

    virtual const vector<CAddress>& FixedSeeds() const {
        return vFixedSeeds;



 

[iqlimasyadiqa]

I think that just bad coding... Premine is way too large if mining end at this point...

yes calculations including unreasonable. premine too big. the price will be falling down? yes

[madmartyk]

I think that just bad coding... Premine is way too large if mining end at this point...

yes calculations including unreasonable. premine too big. the price will be falling down? yes

In theory, say only 1BTC of the ICO is met, they will be burning 99BTC of the premine.

[madmartyk]

But the DEV need to fix the POW part of the coin ASAP!!

[Maxikosw]

I think that just bad coding... Premine is way too large if mining end at this point...

yes calculations including unreasonable. premine too big. the price will be falling down? yes

In theory, say only 1BTC of the ICO is met, they will be burning 99BTC of the premine.

"5,000,000 XMT of the premine will go to the development fund as incentive to keep the devs active and engaged, as well as to be used for incentives and marketing"

I think that too mutch. Like 10 times more that rest of coin owners atm.

[madmartyk]

If all the POW completes that is 25% of the total coins.  Way too much, if it gets dumped

[realcryptodisciple]

How can POW be over?  In the OP is states

Total Coin Supply: 70,000,000 XMT
Premine: (ICO*) - Block 1: 55,000,000 XMT
Week 1: (ICO Period) - Block 2-11,000: 1 XMT/block - (10999 XMT)
Month 1: Block 11,001 - Block 54200: 115 XMT/block - (4,967,885 XMT)
Year 1: Block 54201 - Block 579801: 9.5 XMT/block - (4,993,200 XMT)
Year 2-5: Block 579801 - End of Life: 2 XMT/block - (4,000,000 XMT)


Should POW go for 5 years?

Should POW go for 5 years??

That is what the OP said.  So I'm confused.  Some time last night they killed POW, so I wasted hours of hash time.

 I think but not sure it is a software glich or a setting issue in the chainparams.cpp
 File.
 
  https://github.com/summitcoin/summitcoin/blob/master/src/chainparams.cpp#L107


  base58Prefixes[PUBKEY_ADDRESS] = list_of(63);
        base58Prefixes[SCRIPT_ADDRESS] = list_of(125);
        base58Prefixes[SECRET_KEY] =     list_of(191);
        base58Prefixes[EXT_PUBLIC_KEY] = list_of(0x04)(0x88)(0xB2)(0x1E);
        base58Prefixes[EXT_SECRET_KEY] = list_of(0x04)(0x88)(0xAD)(0xE4);

        convertSeed6(vFixedSeeds, pnSeed6_main, ARRAYLEN(pnSeed6_main));

        nLastPOWBlock = 8000;         <-----------------------
    }

    virtual const CBlock& GenesisBlock() const { return genesis; }
    virtual Network NetworkID() const { return CChainParams::MAIN; }

    virtual const vector<CAddress>& FixedSeeds() const {
        return vFixedSeeds;



 

https://github.com/ctgiant/litedoge---DO-NOT-USE/blob/ec47a47b213df28ff8832241d1e8a9c798cc60a0/src/chainparams.cpp#L95

 nLastPOWBlock = 8000;
    }

    virtual const CBlock& GenesisBlock() const { return genesis; }
    virtual Network NetworkID() const { return CChainParams::MAIN; }

    virtual const vector<CAddress>& FixedSeeds() const {
        return vFixedSeeds;
    }

[IOC_Lov3rs]

ICO?? no thank you

[madmartyk]

Since it looks like the coin function is broken (POW should be running), I think YoBit should cancel the ICO and refund all funds to buyers.