[ANN] Signatum - New Algorithm - Fair Launch - No Premine

[e6ug]

36.5 btc in buy orders @topia.   I think it's about to get interesting 

[Vintagio]

Another ico coin hacked last night..   all the more reason i love coins like this with a fair launch!    btw  the marketplace looks great!

Which one?

enigma ico

Thanks. Didnt know that.

[jimboscott]

Hi,

Im mining with 54 mh/s but I get only ~ 55 coins a day.

What to mine shows more is that normal ?

Also the mh/s from the workerscreen is different ?!

Calculators always show more than what you will get. If you subtract 20-40% you will be more correct, at least you won't overcalculate.

I thought that was true as well.  I was getting about 200-220 coins per day on 245 Mh/s of mining.  Then I stopped using the krnlx version of ccminer and went with the palginmod version.  Immediately things got better.  Then I signed up for the CWI beta.

On 8/16 I topped 450 coins.  When the difficulty jumped a bit I might get only 250.  Today I am already at 256 and will probably be over 300 my the time the day is over.

Ie., the 30-35% 'correction' that I was thinking was a foregone conclusion seemed to sort of vanish when I stopped using the krnlx version.  Not sure what is up with it, but if I were a suspicious person I would maybe want to see if there was any unsuspected outbound network traffic coming from it. 

[octomob]

Hi,

Im mining with 54 mh/s but I get only ~ 55 coins a day.

What to mine shows more is that normal ?

Also the mh/s from the workerscreen is different ?!

Calculators always show more than what you will get. If you subtract 20-40% you will be more correct, at least you won't overcalculate.

I thought that was true as well.  I was getting about 200-220 coins per day on 245 Mh/s of mining.  Then I stopped using the krnlx version of ccminer and went with the palginmod version.  Immediately things got better.  Then I signed up for the CWI beta.

On 8/16 I topped 450 coins.  When the difficulty jumped a bit I might get only 250.  Today I am already at 256 and will probably be over 300 my the time the day is over.

Ie., the 30-35% 'correction' that I was thinking was a foregone conclusion seemed to sort of vanish when I stopped using the krnlx version.  Not sure what is up with it, but if I were a suspicious person I would maybe want to see if there was any unsuspected outbound network traffic coming from it. 

What settings do you use on ccminer-palginmod? Also, please post a download link, because ccminer i downloaded ain't work

[BranNutz]

36.5 btc in buy orders @topia.   I think it's about to get interesting 

What makes you say that?

If all the SIGT for sale right now sold @ the current price of 1300 satoshis it would equal 162 bitcoins worth for sale. As the price goes up this gets even worse.

Against the 35 bitcoins worth of buy orders. 

Plus only 10% of SIGT is even for sale on Cryptopia. What happens if say a third of that 90% decided to sell?

[crusender]

36.5 btc in buy orders @topia.   I think it's about to get interesting 

What makes you say that?

If all the SIGT for sale right now sold @ the current price of 1300 satoshis it would equal 162 bitcoins worth for sale. As the price goes up this gets even worse.

Against the 35 bitcoins worth of buy orders. 

Plus only 10% of SIGT is even for sale on Cryptopia. What happens if say a third of that 90% decided to sell?

Lot of people are keeping for the POS phase, like NXT a guy have around 50 millions of it for forging

[Mikanoshi]

Im mining with 54 mh/s but I get only ~ 55 coins a day.
What to mine shows more is that normal ?
Also the mh/s from the workerscreen is different ?!

It's not normal. Suprnova? It underpays greatly for some time now. 20% less constantly.
Take the value from calculator and apply pool luck and fee to it, if you are getting within 5% of the result then it's ok.
If pool does not display luck then, well, you are out of luck and can only guess whether it's actually a bad luck or a pool is just stealing your rewards.

Calculators always show more than what you will get. If you subtract 20-40% you will be more correct, at least you won't overcalculate.

Bullshit. This one shows exactly what you should've earned for the past 24 hours with 100% luck, 100% efficiency, stable hashrate and 0% pool fee:
https://nodes.nullspam.ru/signatum/
Trust me, I know, I wrote it)) If your reward differs more than 5% after you apply all the above modifiers then you should be worried about your miner/network efficiency or the pool fairness.

[TMacLaughlin]

Would it be possible for someone with 2116 Sig to kill the block chain when it gets to proof of stake?  

This is not my area of expertise, but if my numbers are within 4-5 orders of magnitude this is a critical issue.  

if interest is paid hourly, as has been stated, it must be recorded on the block chain.

Not sure interest will be paid hourly, where did you read that ?

I believe I read it somewhere on here.  Page 10 of the white paper actually says it is paid every 5 minutes.  

A 5 minute payout would be 0.0000004756 so 0.02102608 Sig per wallet, but you would only need 15,000.  15,000 * 0.02102608 + 150 = 465.3912

Main.cpp sets

Code:

nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8)

From what I can tell it simplifies to "nCoinAge * 13689"  All the math is e-8, but if nCoinAge is the mature coins and it runs every 5 minutes then this is a 1400% return.  

Hopefully I am wrong.  

Edit: Fixed exponential.

I flipped the nSubsidy calculation around and for 5% return it would be 365.24242424242424242424242424224 payments, so daily payments considering leap year.  This would be the second functional error I have found in the white paper. 

So 43516 Sig used to create 4320000 addresses with 0.00007305 Sig each could flood the chain with interest transactions? 

[oslak]

Would it be possible for someone with 2116 Sig to kill the block chain when it gets to proof of stake?  

This is not my area of expertise, but if my numbers are within 4-5 orders of magnitude this is a critical issue.  

if interest is paid hourly, as has been stated, it must be recorded on the block chain.

Not sure interest will be paid hourly, where did you read that ?

I believe I read it somewhere on here.  Page 10 of the white paper actually says it is paid every 5 minutes.  

A 5 minute payout would be 0.0000004756 so 0.02102608 Sig per wallet, but you would only need 15,000.  15,000 * 0.02102608 + 150 = 465.3912

Main.cpp sets

Code:

nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8)

From what I can tell it simplifies to "nCoinAge * 13689"  All the math is e-8, but if nCoinAge is the mature coins and it runs every 5 minutes then this is a 1400% return.  

Hopefully I am wrong.  

Edit: Fixed exponential.

I flipped the nSubsidy calculation around and for 5% return it would be 365.24242424242424242424242424224 payments, so daily payments considering leap year.  This would be the second functional error I have found in the white paper. 

So 43516 Sig used to create 4320000 addresses with 0.00007305 Sig each could flood the chain with interest transactions? 

What can you expect about these guys who only know how to code but doesn't understand the math.

[spankyminer]

Plus only 10% of SIGT is even for sale on Cryptopia. What happens if say a third of that 90% decided to sell?

That 90% decided against selling so far is a good sign. They held against 2 pump waves so far. But ofc no one knows what the future of SIGT will be.
Price declining steadily since the last pump but volume starts increasing again, that should be a good sign for now 

[MrSting]

 sigt 's up today because bitcoin 's down 

[CoinratZ]

sigt 's up today because bitcoin 's down 

Dont think so...

[ibleed100s]

I'm really liking the potential of this coin; i cant wait to see what the future holds.. im buying up now while its cheap.. this could be a gold mine

[CoinratZ]

I'm really liking the potential of this coin; i cant wait to see what the future holds.. im buying up now while its cheap.. this could be a gold mine

I hope so, bought a lot while its down.

[nevamf]

I'm really liking the potential of this coin; i cant wait to see what the future holds.. im buying up now while its cheap.. this could be a gold mine

Same here! hodling til it goes to the moon!

[TheHas]

I'm really liking the potential of this coin; i cant wait to see what the future holds.. im buying up now while its cheap.. this could be a gold mine

I hope so, bought a lot while its down.

I've noticed the mining pools essentially follow the same movements as the price (at least on supernova). At 7 cents the pool had over 7000 miners, at 5 cents about 5000. I guess it makes sense for immediate gains but you would think if people thought it would go back up shortly they'd be sticking it out with the mining.

[enkayz]

I'm really liking the potential of this coin; i cant wait to see what the future holds.. im buying up now while its cheap.. this could be a gold mine

I hope so, bought a lot while its down.

I've noticed the mining pools essentially follow the same movements as the price (at least on supernova). At 7 cents the pool had over 7000 miners, at 5 cents about 5000. I guess it makes sense for immediate gains but you would think if people thought it would go back up shortly they'd be sticking it out with the mining.

People come and go from mining pools.. hashbag had some issues for a while,  first the server got overloaded with the demand for SIGT and then some russian bastard stole all the pool funds and messed up the payment systems bad (we werent the worst hit at least..) but since fixing those problems, the pool has been stable for several weeks now and continues to have ~100 miners finding 10+ blocks a day which is resulting in pretty decent payments!

If you do decide to rent NiceHash power by the way it's probably better given to a smaller pool as you end up with a much bigger cut of the block reward.

[tpd09]

If you do decide to rent NiceHash power by the way it's probably better given to a smaller pool as you end up with a much bigger cut of the block reward.

does this mean your "luck" is higher with a smaller pool compared to stable "smaller" payouts from supernova for example?

hashing with 7 1080tis

[MrRig]

If you do decide to rent NiceHash power by the way it's probably better given to a smaller pool as you end up with a much bigger cut of the block reward.

does this mean your "luck" is higher with a smaller pool compared to stable "smaller" payouts from supernova for example?

hashing with 7 1080tis

From my point of view it doesn't make a difference. If you choose a smaller pool you will find less blocks due to the lower hashrate of the pool, but you will get a bigger share if a block is found, so in the end it evens out...

[enkayz]

If you do decide to rent NiceHash power by the way it's probably better given to a smaller pool as you end up with a much bigger cut of the block reward.

does this mean your "luck" is higher with a smaller pool compared to stable "smaller" payouts from supernova for example?

hashing with 7 1080tis

more like "luck plays a higher part"; if your rented hash finds a good amount of blocks then you'll end up with a big cut of it on a smaller pool, otherwise on a larger pool you might not find as many blocks but still get a reasonable payout.

i.e. if a pool is 'lucky' then the benefit of that luck goes to the people contributing the most hash, on a huge pool where you are just 1% of the hash power if there is a luck streak then you won't benefit as much as if you're 20% of the hash on a smaller pool

in the end it evens out - as long as you're on a pool with enough hash to find blocks regularly you'll end up with roughly the same amount of coins for the hash