[ANN] OFWCOIN {OFW} - No ICO - X11 POW/POS - on Novaexchange

[duongtien86]

http://imgur.com/GfPlWnv

OFWCOIN Is an innovative, secure remittance and payment method which is a perfect platform for the Overseas Filipino Worker (OFW) to send money to and from the Philippines with anonymity and with a tiny cost of 0.1% per transaction.
We have created the OFWCOIN as a coin that Hundreds of Thousands of OFW's can both identify with and use as a remittance service at very little costs and with the view to keeping the cost of an OFWCOIN in-line with the Philippines Peso so that it sits at or around it's equivalent in USD or BTC.   We also want the larger Altcoin Community including investors, miners, traders and enthusiasts to embrace this coin as it is both easy to mine, will become part of a 30Billion USD a year industry that is the remittances to the Philippines and for it to remain both sustainable, accessible and affordable for people around the world to use.

Total Amount of coins: 400 Million
Pre-Mine: 1%
ICO: Nil – Self Funded

Ticker: OFW
Algorithm: X11 PoW + PoS Hybrid
Difficulty Re-targeting: Sophisticated method every block
Block Time: 3 Minutes (180 Seconds)
PoW Reward:
100 Coins each block for the First 2 Months - (Totaling 2,688,000 Coins Created)
50 Coins each block for the next 4 Months - (Totaling 2,688,000 Coins Created)
30 Coins each block Thereafter - Flat Rate Forever Until Coin Cap (Totaling 6,451,200 Coins Per Year)
PoS Yearly Interest Rate (% Per Year): 2% (0.0054% Interest Per Day)
Minimum Stake Age: 12 Hours Maximum Stake Age: Unlimited
Block Confirms for Mined Blocks: 30 (90 Minutes)
Block Confirms for Sending/Receiving: 7 (21 Minutes)

Github: https://github.com/OFW-COIN/
Block Explorer: http://91.134.243.121:3001/network

Wallets
Windows: https://mega.nz/#F!RKACBIhD!gYckDjxnS8yxgGNEQC6ZXg
Mac OS: https://mega.nz/#F!lO4U0BKT!LO6kRPVB0plwGAmBaOjbOA
Linux: https://mega.nz/#F!oaZyVIbJ!XTG8XvqCt1y73hjnxFiT6g

Exchange(s) Yobit.net (When listed) Others to follow......

MINING - Nodes are listed on the website www.ofwcoin.com

SOCIAL
Facebook: www.facebook.com/ofwcoin
Twitter: https://twitter.com/OFW_COIN

Whitepaper and other information listed at www.ofwcoin.com

Readly

[lupanar]

Keep Calm and Use CoinMiners! OFWCoin is ready in our pool! 

CoinMiners.Net
1,5% Fee
Register-free Mining & Auto Payments
Server located at Europe

http://coinminers.net

Can't connect, any thoughts?

[netballz]

Keep Calm and Use CoinMiners! OFWCoin is ready in our pool!  

CoinMiners.Net
1,5% Fee
Register-free Mining & Auto Payments
Server located at Europe

http://coinminers.net

Is it even paying? Have been waiting for quite sometime, and the stats doesn't look right too.

finally started to receive ofw coin

[centurionMiner]

Happy to announce our new Free pool!!
http://54.200.124.50/getting_started





I set 0.1% fee only for track the popularity

I've set lot of diff for optimize every miners power.

If you want some personalized diff just write me, i'm happy to set it for your best mining experience

FAST GUIDE

LOW POWER:

-o stratum+tcp://54.200.124.50:3208 -p x -u <YOUR_WALLET ADDRESS>
         [port between 3208 and 3210 are optimized for below 1 MH/s 25-30 MH/s]

BAIKAL:
     -Pool address> stratum+tcp://54.200.124.50:3211 [diff1, :3212 diff 2]
     -Password> Anything you want, simply "x"

HIGH POWER (2+baikal or different ASIC):
 -o stratum+tcp://54.200.124.50:3232 -p x -u <YOUR_WALLET ADDRESS>
    [:3232 port is setted in vardiff from 4 to 512 for optimize the great range of miner, just relax and watch the incoming for few hours and the diff will be set    properly   ]

 -o stratum+tcp://54.200.124.50:3456 -p x -u <YOUR_WALLET ADDRESS>
     [Port diff  setted to static 256 ]

Happy mining !  

[ex_mac]

New OFWCoin  (2% fee): (x11)
http://lpool.name/

-o stratum+tcp://lpool.name:3533 -u <WALLET_ADDRESS> -p c=OFW

Bounty/Donate: ogCcmvqXh9yD95969WoXR8mWvUjeXX7Kju (OFW)

Node list: http://lpool.name/explorer/peers?id=1768
Explorer: http://lpool.name/explorer/OFW

[OFWCOIN.COM]

Dev, how are you going to peg OFW's value to the Philippines Peso? Will it be similar to Tether approach which is backed by actual fiat currency assets?
thanks

That is the goal but the markets will ultimately decide its value once it hits them. 
This coin is not backed by fiat currency assets as there was not ICO therefore no cash asked for or held prior to release.
It is backed by the large market it is targeting and the future potential use in the remittance industry, but as described in the white paper that is part of the roadmap and is not guaranteed. 

To all the others who replied, thanks, but being a newbie my posts times are limited so if you don't get an answer straight away, as you know there is a delay between the number of posts I can make.

Thanks for those who are setting up and mining the coin. 

And for the well wishes, much appreciated. 

[OFWCOIN.COM]

Happy to announce our new Free pool!!
http://54.200.124.50/getting_started





I set 0.1% fee only for track the popularity

I've set lot of diff for optimize every miners power.

If you want some personalized diff just write me, i'm happy to set it for your best mining experience

FAST GUIDE

LOW POWER:

-o stratum+tcp://54.200.124.50:3208 -p x -u <YOUR_WALLET ADDRESS>
         [port between 3208 and 3210 are optimized for below 1 MH/s 25-30 MH/s]

BAIKAL:
     -Pool address> stratum+tcp://54.200.124.50:3211 [diff1, :3212 diff 2]
     -Password> Anything you want, simply "x"

HIGH POWER (2+baikal or different ASIC):
 -o stratum+tcp://54.200.124.50:3232 -p x -u <YOUR_WALLET ADDRESS>
    [:3232 port is setted in vardiff from 4 to 512 for optimize the great range of miner, just relax and watch the incoming for few hours and the diff will be set    properly   ]

 -o stratum+tcp://54.200.124.50:3456 -p x -u <YOUR_WALLET ADDRESS>
     [Port diff  setted to static 256 ]

Happy mining !  

Thanks for that please send me your wallet address.

[lupanar]

Can't see total coin supply, how much?

[zhongzy]

let this good coin be traded at Bittrex or Poloniex, they are both good exchanges which the traded volumes are good and sustainable.                                                                                                           
a good coin must be at the good exchanges.   

[whitefish]

Wow this is promising coin.. Many OFW will be happy.

[OFWCOIN.COM]

Can't see total coin supply, how much?

It is on the start of the thread, the website and the whitepaper.  400M. 

[OFWCOIN.COM]

let this good coin be traded at Bittrex or Poloniex, they are both good exchanges which the traded volumes are good and sustainable.                                                                                                           
a good coin must be at the good exchanges.   

Hi, thanks we are working on that Sir. 

[yaoye0o]

I do not understand what is the use of the project since we are discussing the same project here?

[lupanar]

Can't see total coin supply, how much?

It is on the start of the thread, the website and the whitepaper.  400M. 

I see now, thanks   

[OFWCOIN.COM]

Looking for translations 5000 OFW Coins per translate - No google translators please.
If interested post link to translation and language and your ofw coin wallet address.

Thanks

[lupanar]

Net hashpower is already 15mh and the mining profit drops to very low level 

[OFWCOIN.COM]

Net hashpower is already 15mh and the mining profit drops to very low level 

Miners come and go, the average Joe attempts to mine as many coins as he can, I do not see the problem you mention.

Maybe check your set up.   

[lupanar]

Net hashpower is already 15mh and the mining profit drops to very low level 

Miners come and go, the average Joe attempts to mine as many coins as he can, I do not see the problem you mention.

Maybe check your set up.   

I see problem in high diff with low profit, with no exchange listing yet I can't see a sense in wasting my hashpower to mine it right now. Thats all I wanted to say 

[OFWCOIN.COM]

Net hashpower is already 15mh and the mining profit drops to very low level 

Miners come and go, the average Joe attempts to mine as many coins as he can, I do not see the problem you mention.

Maybe check your set up.   

I see problem in high diff with low profit, with no exchange listing yet I can't see a sense in wasting my hashpower to mine it right now. Thats all I wanted to say 

Net hashpower is already 15mh and the mining profit drops to very low level 

Miners come and go, the average Joe attempts to mine as many coins as he can, I do not see the problem you mention.

Maybe check your set up.   

I see problem in high diff with low profit, with no exchange listing yet I can't see a sense in wasting my hashpower to mine it right now. Thats all I wanted to say 

Okay no probs.  That is pretty much the case with most new coins though isn't it?

Not much point in complaining about using hash-power or risk vs reward when you don't know what the eventual price will be, everyone else is in the same boat.

The choice is up to you, to mine or not to mine, that is the question, which will be answered in time. 

Thanks for checking out the new coin though, appreciate it. 

Cheers. 

[lupanar]

Net hashpower is already 15mh and the mining profit drops to very low level 

Miners come and go, the average Joe attempts to mine as many coins as he can, I do not see the problem you mention.

Maybe check your set up.   

I see problem in high diff with low profit, with no exchange listing yet I can't see a sense in wasting my hashpower to mine it right now. Thats all I wanted to say 

Net hashpower is already 15mh and the mining profit drops to very low level 

Miners come and go, the average Joe attempts to mine as many coins as he can, I do not see the problem you mention.

Maybe check your set up.   

I see problem in high diff with low profit, with no exchange listing yet I can't see a sense in wasting my hashpower to mine it right now. Thats all I wanted to say 

Okay no probs.  That is pretty much the case with most new coins though isn't it?

Not much point in complaining about using hash-power or risk vs reward when you don't know what the eventual price will be, everyone else is in the same boat.

The choice is up to you, to mine or not to mine, that is the question, which will be answered in time. 

Thanks for checking out the new coin though, appreciate it. 

Cheers. 

Ok, good luck with your project too.