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

[kubuminer]

Any news on the pool?

we are ready and update

[highaltitude20322]

@BinPool - http://xmt.binpool.com/ - wallet update and launch

Thank you BinPool! Our pool is being sorted. It looks like the issue was it detected a double payout because the fork that we had yesterday. So the cron job is being a bit funky.

I recommend people hash on BinPool for now. Our pool operator has once again ensured me that all hashes are being counted on pool.summitco.in. But it will be healthy to spread the hash out.

Thanks for all of your patience everybody.

[madmartyk]

Pool is working at binpool, but it's slow to update!!  Block updates are falling behind.

[daveolake]

thanks binpool. giving it a try...

[madmartyk]

If the hash at Binpool is 2.5GH but the net hash is 7.5 GH, where is the other 5 GH?  Is there another pool?

BTW, pool.summet.in is only 300MH.

[highaltitude20322]

If the hash at Binpool is 2.5GH but the net hash is 7.5 GH, where is the other 5 GH?  Is there another pool?

BTW, pool.summet.in is only 300MH.

We're wondering the same thing.... Suprnova hasn't updated that I know of.

[kprell40]

  lol I like to mine coins but when the Net Hashrate 5.35 GH/s and Difficulty at  51.023 to hard to mine at my speed    I guess I will just buy ...

[kprell40]

   
   cryptopia  Rejected Summitcoin -ICO  " No ICO or IPO prior to launch " 

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

[okane818]

Hi XMT Dev,

Can you add XMT to http://www.steakcloud.com? (STEAKCLOUD)

Thanks!

[okane818]

How PoS % (Percent) per year?Day?Month?Hour?

Thank you...

[okane818]

XMT ICO in Yobit - 5 Hours and 30 Minutes left.

[CryptoHobo]

How PoS % (Percent) per year?Day?Month?Hour?

Thank you...

in the op

Algo: Scrypt PoW/PoS Hybrid
Difficulty Retarget: Every Block
POS Reward: 1 XMT / block
Block Time: 1 Minute
Block Maturity: 100 Blocks
RPC Port: 29028

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)
*Unsold ICO coins will be burned. 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
*update 11/4* We will burn the development premine to match the percentage of the ICO that is sold. EX: if we only sell 10% of the ICO, we will burn 90% of the development premine.

[okane818]

How PoS % (Percent) per year?Day?Month?Hour?

Thank you...

in the op

Algo: Scrypt PoW/PoS Hybrid
Difficulty Retarget: Every Block
POS Reward: 1 XMT / block
Block Time: 1 Minute
Block Maturity: 100 Blocks
RPC Port: 29028

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)
*Unsold ICO coins will be burned. 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
*update 11/4* We will burn the development premine to match the percentage of the ICO that is sold. EX: if we only sell 10% of the ICO, we will burn 90% of the development premine.

So, you mean, PoS not base on percent, but PoS 1 XMT / Block? Am I right?

[CryptoHobo]

So, you mean, PoS not base on percent, but PoS 1 XMT / Block? Am I right?

yes mate that's correct 

so what we have is another opportunity to cut down supply 

[ocminer]

Ah, people are still mining it - I've re-enabled stratum on suprnova but please consider mining on the other pools. The wallet was updated already to enable withdrawals.

[highaltitude20322]

Good Morning guys.

The ICO has ended. It looks like this is going to be a fairly low supply coin.  Even more so with every PoS block that hits given the fixed block reward of 1.

On the list for today:

We've brought in somebody else to look at the pool for us. We want to get everybody their coins asap.

The block explorer should be coming online today.

We'll also be burning the development premine. Looks like we'll be burning somewhere in the ballpark of 94-95% of the development premine.

Thanks to everybody for the support so far. The main mining rewards period continues. We still are recommending Binpool at this time, since our pool still hasn't been updated correctly.

[highaltitude20322]

Ah, people are still mining it - I've re-enabled stratum on suprnova but please consider mining on the other pools. The wallet was updated already to enable withdrawals.

Thanks OC!

[madmartyk]

When is YoBit going to turn on deposits and WDs?

[highaltitude20322]

When is YoBit going to turn on deposits and WDs?

Not sure yet. I'll see what I can find out.

[tkari]

probably have to wait until holding period is up--7 more days.