[ANN] DYNERIUM - New ETH Smart Contract - Mine Anytime - No ICO

[musclepump]

It's not mining, it's staking.

There's no actual mining work being done by participants, they just get rewarded with more coins if they hold.

This.  I'm guessing that this is a ploy to increase the price of MNE as people will want the "free" Dynerium they get if they buy MNE and hold it for a couple of weeks.  I mean, what else does this token DO?

Mne is being used for a big ico at the moment..... Should get some Mne and join in

[dynerium]

1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.

[MrPuffnStuff]

1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.

This is really exciting, thanks for putting the effort in so far.  I would really recommend shortening the 2 week coin duration to 1 week, this way people like me who have held MNE for a long time on an exchange like Cryptopia can successfully transfer our MNE to a traditional Ether wallet and still participate in the initial snapshot on the 30th.

[nimy]

Hope for the first snapshot, please shorten the coinage from 2 week to 1 week..

[saqwe]

1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.

Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.
I do believe I have answered to all the questions raised so far.

You have answered my question however a lot of us shall miss this first snapshot because 30th September from now is less than 2 weeks, i will be watching this thread and see the future update of dynerium.

[vingaard]

1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.

It seems interesting... I'm moving all my MNE from an exchange to my wallet   

[musclepump]

1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.

It seems interesting... I'm moving all my MNE from an exchange to my wallet   

I think that's exactly what he wants you to do!!!!!

[albio87]

i had some mne on myetherwallet which were used to contribute in artemine ico, i had other on my livecoin account which i sent to myetherwallet today so i would like to understand if i'm elegible or not to take part of this distribution, cause i'm going to leave that amount of MNE on my wallet for long time so it would be interesting =D

[tusandii]

does it mean, any address with non zero balance will receive the equal airdrops? but we are late, aren't we? September 30 is 10 days to go

[seyola89]

1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.

Nice analysis. I used to have 30 MNE in my MEW for over 2 weeks, but I sent out 20 MNE last week or so for the artemine ICO and have 10mne left in my MEW

Will I be eligible for the dynerium airdrop for 30 MNE or for 10 MNE ?

[BekantanSejagatTeamPenipu]

wait to open bounty and signature campaign
how distribution coin if without ico selling

[minime0105]

Seems another token like clone of minereum, If you are not associated with minereum team, whats your catch on this?
Seems like you have so many minereums at hand, well there is nothing wrong on that, I am just telling be more transparent I guess.

[Coin_trader]

I am a genesis address holder of MNE so, i have some MNE, you mean, i just need to move my MNE to an ETH address and everything will be automatic?
The Dynerium will find my address that have MNE balance, is it correct?

[mikelove2015]

wait for start mining with hold 10 MNE and update for bounty campaign

[nagatraju]

Without Considering Genesis addresses, there are only few accounts hold MNE on 30th September, 2017.  Because all MNE going to ARTE ICO,  And all those MNE are burn.

[Coin_trader]

Your launch will be on September 30, so the mining will start on that day as well?

[musclepump]

Without Considering Genesis addresses, there are only few accounts hold MNE on 30th September, 2017.  Because all MNE going to ARTE ICO,  And all those MNE are burn.

It's very simple what they are trying to do.... All the Mne that hasn't been sent to ico are in the hands of two kinds of people
1. The dev
2. People holding untill they get their money back


By creating this new dynerium, it's going to get people to take their coins off the exchanges, since they won't invest Into the ico..

[novy]

Should I wait for the bounty campaign?

[bathrobehero]

1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.

It's still not mining, stop confusing newbies.

There are proof of stake coins both with fix rewards (eg. 10 coin per block) or with rewards based on how much someone is staking. You're heavily confusing PoS coins with PoW (mining) coins either out of stupidity or maliciously to confuse newbies.

Mining - proof of work - requires actual work submitted from miners, simply holding funds and getting rewards solely based on that is far from mining. That's simply staking.

[MrPuffnStuff]

1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.

It's still not mining, stop confusing newbies.

There are proof of stake coins both with fix rewards (eg. 10 coin per block) or with rewards based on how much someone is staking. You're heavily confusing PoS coins with PoW (mining) coins either out of stupidity or maliciously to confuse newbies.

Mining - proof of work - requires actual work submitted from miners, simply holding funds and getting rewards solely based on that is far from mining. That's simply staking.

Thank you for the clarification I think PoW and PoS is thrown around so much that the majority of the discourse is misusing it, I don't think the dev means it in a malicious manner, how could he use this maliciously anyways?