[ANN] [MADX] Madbyte - MadCapX for members & Madxfield game to collect crypto

[moderneco]

It will be interesting to see what the new membership website is all about. 

[1715410227]

1715410227

[madbyte]

The membership website will be for anyone who has bought or mined some madbyte coins. More on this Dec.1st when we go public with it.

[realdeals]

Yesterday I mined for some 6 hours long the madbytecoin on the pool madpool with 500MH. I made a wallet but still recieving no mined coins. How is that possible? With this power I mined a lot of shares. Can someone explain?

[kurbeks]

Yesterday I mined for some 6 hours long the madbytecoin on the pool madpool with 500MH. I made a wallet but still recieving no mined coins. How is that possible? With this power I mined a lot of shares. Can someone explain?

Which pool

[realdeals]

Yesterday I mined for some 6 hours long the madbytecoin on the pool madpool with 500MH. I made a wallet but still recieving no mined coins. How is that possible? With this power I mined a lot of shares. Can someone explain?

Which pool

http://pool.madbyte.com

[cryptocronic]

Yesterday I mined for some 6 hours long the madbytecoin on the pool madpool with 500MH. I made a wallet but still recieving no mined coins. How is that possible? With this power I mined a lot of shares. Can someone explain?

Madbyte has a maturity value of 40, so that means 40 blocks have to still be mined on top of the blocks you mined before you get sent your coins from the pool.  Don't worry, if you wait, you will eventually get sent the coins your are owed from the pool.

[mr.t352]

What is the basic use of this coin? Needed more details about this coin? How will it penetrate the market and make rounds?

Literally, just read the two posts above yours.   Used mainly as an investment store (madfund), not planned as an everyday usage currency.

Thanks. I have read both of them. Waiting for see the core members by the end of November with propitious plans.

[realdeals]

Yesterday I mined for some 6 hours long the madbytecoin on the pool madpool with 500MH. I made a wallet but still recieving no mined coins. How is that possible? With this power I mined a lot of shares. Can someone explain?

Madbyte has a maturity value of 40, so that means 40 blocks have to still be mined on top of the blocks you mined before you get sent your coins from the pool.  Don't worry, if you wait, you will eventually get sent the coins your are owed from the pool.

Thx for your answer! I will wait for the first Madbytes in my wallet

[realdeals]

Madbyte News - November 1, 2017 (was released on the discord channel)

Madbyte coin first and foremost could be considered as an investment tool. Whatever we plan to do has to have that thought in mind.

So that said.. Our MadFund will be our centerpiece. Everything will revolve around it. In this way the fund is more important than the coin itself. Without the fund the coin would be useless and without any real purpose or value.

The Madfund is an investment fund that is owned by the coin holders and in many ways controlled by the investor. We believe every investor should have a say, though we will have checks and balances to make sure there is no abuse by a large investor scamming the fund to invest in a crap coin for their own benefit.

Most of our premine will be placed into the MadFund and will be released over a several year period. As the premine becomes depleted, other methods to replenish the fund of its mbyt coins will have taken effect.

Each month going forward we will be releasing a small portion of the premine for sale. Any money raised from selling coins will be placed directly into the MadFund. We will keep a watchful eye that we are not depressing the coin with these releases. But ideally, it will be easier for new investors to jump into the coin quickly. These investors would most likely become long term holders. This allows the MadFund to grow in the short term.

Many of you know that NovaExchange will close trading on February 28, 2018. As of a few days ago they put a stop to new customer signups on the exchange. This will affect madbyte in the short term significantly, as new investors will not be able to buy coins without purchasing direct from a mbyt holder. We are looking at different options for short and long term on this front.

Current mining of the coin has not been smooth sailing as we have miners push the difficulty higher and then leave. They return back again to mine hard once the diff is about to drop. Once they have mined they dump all the coins into the buy orders. From the positive side investors get plenty of new minted coins from the miners. But we are also looking at some solutions to address the irregularities of mining… more on that later.

We will also be releasing news on a regular basis on what is happening and what we are up to.

Dream big or go home. Never a dull moment when we dream.

All the best from the Madbyte Team
info@madbyte.com

About the mining difficulty and profitability?

I mined yesterday for some hours with 500MH and 50hours later I recieved my coins in my wallet. That means it took appr. 1h for mining one block with the maturity of 40 confirmations after I get my coins credited. With this difficulty it isn't that profitable to mine. What is the best approach, what will you suggest?

[madbyte]

There is a few ways to try and improve the mining without making changes to the coin. The main problem is that the coin is not well known so it is easy to be taken advantage of. We will be testing out a few ways to fix this over the next couple weeks.

[cryptocronic]

Newsletter coming soon? 

[madbyte]

Madbyte News - December 1, 2017

As we have entered the holiday season the crypto space is becoming mainstream. Just 8 months ago none of the large media outlets like CNBC were talking about Bitcoin. Now we are seeing reports daily on CNBC. Early 2017 most of the predictions for Bitcoin to end the year were in the $2000 to $4500 USD range. For it to hit $4500 was considered a real stretch. Will we see the year ending with highs of $12,000?

Enough about that…

Today we will be releasing our new investor portal allowing Madbyte coin holders to become members and get rewards. The website can be found at http://madcapx.com/. Without membership you are not privy to what really matters. You will be able to climb higher and gain access to more internal plans using our multi-tiered system.

The membership area will feature MadCaps and MadNodes as the first two reward programs. To become part of the MadCap multi-tiered system a member will need to hold a minimum of 8,000 MBYT coins. To become a Partner and get a higher percentage reward, members will need to hold 50,000 coins or more. Each level has more privileges. The MadNodes help secure the coin so we also give monthly rewards for keeping a node running on the Internet.

The investor portal requires you to get an invite from one of our members or by requesting an invite from the MadCapX.com website by filling out the contact form. The membership is limited at this time to only 100 Madbyte coin holders. The lower tiers will fill up very fast.
Madbyte coins are available from novaexchange.com or coinsmarkets.com or direct purchase from a few of our members.

The MadCap membership area will be getting more great features and more reward programs in the future. This is only the beginning.

Up to now we have only been using Twitter (https://twitter.com/MadbyteCoin) to get our message out. As we continue to release new and exciting features we also need to reach different audiences. Today you will also find us on Facebook at https://www.facebook.com/madbytecoin/  

All the best from the Madbyte Team
info@madbyte.com

[kurbeks]

Please link madcapx.com

[madbyte]

Yup.. done.. added the link to post above

[phrhthtmsiii]

This is all excellent new. Very much looking forward where this project goes!!

[steve0nz]

Glad to hear it guys - this project is one of the low caps which has a professional management team.

[realdeals]

@madbyte, when will madbyte add to coinmarketcap.com?

[madbyte]

coinmarketcap new rules require $10k USD volume in 24hrs. At this point we are not at that volume so we are not able to apply.

[realdeals]

coinmarketcap new rules require $10k USD volume in 24hrs. At this point we are not at that volume so we are not able to apply.

It's a matter of time MBYT hits the 10K dollar

[madbyte]

We are on small exchanges at this time that in most cases equates to low volume. Give us some time and that will change. We first wish to get out some good stuff related to the coin and not just a roadmap with promises.