[ANN] ChiliCoin - Hot as hell - X11 PoW + 10% PoS - ICO

[Mohareb]

Specifications:
X11 algorithm
PoW and PoS
PoW 10 CHILI block reward
PoS 10% interest
Minimum PoS coin age 4 hours
Maximum PoS coin age 256 days
120 seconds block time
RPC port: 54219
P2P port: 54218

ICO information:
ICO price: 0.00000010
ICO coins: 100000000
ICO Total: BTC 10

The calculations and properties of coin are not perfect. 10 chili each block reward is very very low for 10 satoshi price at ICO.

Suppose price will go above 50 satoshi (almost 5 times bigger than ico price), With current difficulty everyone could earn maximum 7000 Coins by 350 Mh/s  for a day. Thus 7000*50=0.0035 BTc . this is very very low for miners with 350 Mh/s hash power. There are so many mineable coins with higher profitability

[ChiliCoin]

Specifications:
X11 algorithm
PoW and PoS
PoW 10 CHILI block reward
PoS 10% interest
Minimum PoS coin age 4 hours
Maximum PoS coin age 256 days
120 seconds block time
RPC port: 54219
P2P port: 54218

ICO information:
ICO price: 0.00000010
ICO coins: 100000000
ICO Total: BTC 10

The calculations and properties of coin are not perfect. 10 chili each block reward is very very low for 10 satoshi price at ICO.

Suppose price will go above 50 satoshi (almost 5 times bigger than ico price), With current difficulty everyone could earn maximum 7000 Coins by 350 Mh/s  for a day. Thus 7000*850=0.0035 BTc . this is very very low for miners with 350 Mh/s hash power. There are so many mineable coins with higher profitability

We did that for a reason. Miners tend to dump all their earnings so we want to make it less attractive to mine. The blockchain can work perfectly with people only staking the coin. So we did not want to exclude miners, we are protecting our investors from miners that dump their earnings.

About the price of ChiliCoin; We think that 100 satoshi will be in reach after the ICO. At this moment people have the chance to buy our coin for a very reasonable price. We want to reward the early birds. Once we have released some of our games we expect the price to go around 100 satoshi.

[logocreator]

Twitter: @cryptodesigneu
Email: cryptodesign.eu@gmail.com
Website: http://cryptodesign.eu
Skype: cryptodesign
Forum: Thread

[ChiliCoin]

If you like the logo send 100K to address:

c8uC46hdwWpr2QCo4H21sgsfoCToWEsnXq

https://i.imgur.com/YSYDYp1.png
Twitter: @cryptodesigneu
Email: cryptodesign.eu@gmail.com
Website: http://cryptodesign.eu
Skype: cryptodesign
Forum: Thread

Yes! We like that logo. Have to say that osmiumcoin is also doing a design. I think it is fair to wait for that.

[logocreator]

Ok, please do not qoute my logos, as will be edited and sold to another company, if not accepted here.
Thanks

[killerjoegreece]

maybe we can have a vote on the logo.

[logocreator]

Thank you!

[ChiliCoin]

maybe we can have a vote on the logo.

Sure we can. Once osmiumcoin has posted his work I will open a poll.

[killerjoegreece]

The ICO has 5 days holding period. Which means if something goes wrong we get our money back by the icostart.com admin. I dont think anything will go wrong.

[killerjoegreece]

"proof-of-work" : 14.14641920,
"proof-of-stake" : 0.00024414

going up !

[OSMIUMCOIN]

Logo



Wallet with new graphics& icons compile complete

[killerjoegreece]

lets vote dev

[Gas]

Before voting, first check this - https://www.fotolia.com/id/33800280

[OSMIUMCOIN]

Before voting, first check this - https://www.fotolia.com/id/33800280

what problem ?, You see somewhere watermark?  I have  account on fotolia

[killerjoegreece]

Before voting, first check this - https://www.fotolia.com/id/33800280

what problem ?, You see somewhere watermark?  I have  account on fotolia

i think this belongs to osmiumcoin

[bathrobehero]

if (pindexBest->nHeight+1 == 1) {
      nSubsidy = 110000000 * COIN;
      return nSubsidy;
   } else {
      nSubsidy = 10 * COIN;
   }

11 million PoW blocks worth of premine.

Funny shit.

Whats so funny?

The fact that you're expecting people to mine your shit while your premine is more than 41 years (or 3.8 years without ICO) worth of mining.

You're either a dumbfuck scammer or a naive shithead with zero knowledge of crypto. Whatever the case might be this coins is beyond funny and no self respecting miner will ever mine this nor self respecing trader will ever invest in.

[Anoona]

I started this trading thread lol

https://bitcointalk.org/index.php?topic=1473785.new#new

Good luck.

[killerjoegreece]

if (pindexBest->nHeight+1 == 1) {
      nSubsidy = 110000000 * COIN;
      return nSubsidy;
   } else {
      nSubsidy = 10 * COIN;
   }

11 million PoW blocks worth of premine.

Funny shit.

Whats so funny?

The fact that you're expecting people to mine your shit while your premine is more than 41 years (or 3.8 years without ICO) worth of mining.

You're either a dumbfuck scammer or a naive shithead with zero knowledge of crypto. Whatever the case might be this coins is beyond funny and no self respecting miner will ever mine this nor self respecing trader will ever invest in.

he stated that he does not expect miners. he expects stakers and rarity via the burn.

[ChiliCoin]

Design poll is open! Please choose the design you like for ChiliCoin. The poll will be open for 2 days.

[ChiliCoin]

Looks like OSMIUMCOIN does not want to wait for 2 days. Here is the PM I got from him:

Sorry no wait 2 days buy or not

I prefer his design, what do you think?