[ANN][SBC] StableCoin ¦¦ A new breed of cryptocurrency ¦¦ v1.2 RELEASED

[kikigc]

difficulty now is 1.3 . 100KH/s will get you 33/38 SBC per 24 hours

[FiiNALiZE]

difficulty now is 1.3 . 100KH/s will get you 33/38 SBC per 24 hours

1.3 difficulty will get you 77.37 SBC per 24 hours.

What's wrong with you guys? Where are you plucking these numbers from??

Where are you getting your numbers from?

Multiple pools tell me that 133KH/s will get you around 50 SBC in 24 hrs at 1.3 diff.

Plug in the numbers here: http://benhohner.com/feathercoin/

(25 coins per block, diff 1.3, 100KH/s.) You'll get around 38.7SBC a day

Edit: I think you have block reward at 50SBC. It's 25

[tunafish]

difficulty now is 1.3 . 100KH/s will get you 33/38 SBC per 24 hours

1.3 difficulty will get you 77.37 SBC per 24 hours.

What's wrong with you guys? Where are you plucking these numbers from??

Experience mining, pools.

Via silverwolf's pool 1:

Top 50 Hashrates
Rank   User Name   KH/s   SBC/Day (est)
1   Karasur   15,457    5,857.184      <--- 0.3789 SBC/day per khash
3   bsoile6   3,999    1,515.357      <--- 0.3788
5   xwebnetwork   3,132    1,186.821      <---0.3786
18   BrokenHypocrite   280    106.102     <---0.3785
19   kinopcs   14    5.305    <---0.3789

Same in the other pools, 01PQ pool:
1    Cryptoin    29,797    11,474.677    <---0.385
5    tuna    87    33.650      <----0.386

Difficulty is 1.30, earlier today at 1.02 difficulty everyone was averaging 0.48 SBC/day per khash (100khash/s=48SBC daily). So at a difficulty of 1 the daily SBC rate is 0.5 SBC per khash. I dunno what else to add, you should know the math better than me ;P

[revilo]

Lol. You are right. I am wrong. I am dumb. 25 per block not 50 

Still. My point stands that 0.01 BTC/SBC is too optimistic!

[FiiNALiZE]

Lol. You are right. I am wrong. I am dumb. 25 per block not 50  

Still. My point stands that 0.01 BTC/SBC is too optimistic!

Agreed.

I think 0.0008 is more reasonable.

[fxmulder]

Interesting watching the bytecoin release on cryptsy, no sellers and buyers keep creeping up.  I think the blockchain is broken as the last timestamp is in the future and no blocks being found, but still interesting

[R-T-B]

Blocks are being found according to silverwolf's pool...  not sure what the story is.

[FamousJaxx]

With bytecoin having just hit cryptsy, Stablecoin can't be too far away now can it?

I've been mining Stable since it was first released and i'm very excited for it to hit the exchange!

[fxmulder]

Blocks are being found according to silverwolf's pool...  not sure what the story is.

Still broken after redownloading the chain, broken anyway if its going to accept invalid timestamps :\

[fxmulder]

With bytecoin having just hit cryptsy, Stablecoin can't be too far away now can it?

I've been mining Stable since it was first released and i'm very excited for it to hit the exchange!

I have a bit of curiosity myself to see how well it plays out.

[FamousJaxx]

With bytecoin having just hit cryptsy, Stablecoin can't be too far away now can it?

I've been mining Stable since it was first released and i'm very excited for it to hit the exchange!

I have a bit of curiosity myself to see how well it plays out.

Considering the really smooth launch and high interest in this coin I have high hopes.

[FiiNALiZE]

With bytecoin having just hit cryptsy, Stablecoin can't be too far away now can it?

I've been mining Stable since it was first released and i'm very excited for it to hit the exchange!

I have a bit of curiosity myself to see how well it plays out.

Considering the really smooth launch and high interest in this coin I have high hopes.

The only thing ppl hate about SBC is the 0.5% premine, but I trust the dev to keep his word and only use it for giveaways/services.

[fxmulder]

With bytecoin having just hit cryptsy, Stablecoin can't be too far away now can it?

I've been mining Stable since it was first released and i'm very excited for it to hit the exchange!

I have a bit of curiosity myself to see how well it plays out.

Considering the really smooth launch and high interest in this coin I have high hopes.

The only thing ppl hate about SBC is the 0.5% premine, but I trust the dev to keep his word and only use it for giveaways/services.

And so long as everyone feels that way there won't be a massive dump, prices will hold, interest will grow and things will eventually begin to rise.  So, we'll see.

[Cryptoin]

The thing is, we cant just agree a price and stick to it. It is relative to other Scrypt Alt currencies.

For example, if I mine at 5000KHs I know I'm gonna get about 8 LTC a day so about $17-$18 at current rates. (633 difficulty)
5000KH/s mining SBC will get me (assuming a difficulty of 1) about 5000 SBC per day.

So, to a miner 1 SBC is worth .0016 of 1 LTC.
or put another way, 625 SBC is worth 1 LTC

With 1 LTC worth approx 0.022 BTC then that means to a miner right now, 625 SBC is worth 0.022BTC
so I'd estimate 1SBC = 0.0000352 BTC.

If 1 SBC was worth 0.01 BTC then I'd have just mined 120 BTC in a week... Be realistic guys!!

I'll be chuffed if I can sell my SBC @ 0.0001 BTC

That's how I orginally determined the value when I first got my first few SBC but my numbers came out a bit different. How'd you get 1kh/s = 1 SBC/day?
If I mine at 100kh/s all day then I'd earn 0.15 LTC or 1 LTC in a week (6.6667 days); but if I mine SBC at 100kh/s I'd get about 35-40 SBC a day or ~250 in one week. Therefore I'd say 1 LTC = 250 SBC and 1 SBC = .000088
what am I missing?

As far as the not going below 0.001BTC I see your point and like I said I determined the value the same way given no other practical alternatives to determine the value. However the market still determines the price and while it should reach an equilibrium at the cost/revenue of mining, alt-crypto markets are far from efficient and it would be easy to create a price floor for the purpose of bringing in new miners and raising the difficulty.
 As mentioned earlier, there is a lack of diversity in who holds SBC; so if 50% of SBC holders have, say, 90% of the SBC out there then they could quickly buy up all sell orders below .001BTC/1SBC and not sell/buy every sell below this(think 500 individual buy orders at bid 50 @ .001 btc for a sum of 25BTC), thus creating a shortage that would shift equilibrium from .000088btc to .001btc and then new miners would flood in. This would eventually make the .001btc price floor unsustainable(which is good since price floors, generally, should be temporary) Then as the new miners come in and start selling for less than .001 this starts to eliminate the shortage/price floor AND this would also cause the difficulty to rise and thus decrease the rate of SBC per kh/s miners earn, causing the value to rise from the original price(> .000088btc/1SBC) in the long run.
I should draw supply/demand curve to illustrate this better but i'm lazy.
I'm not specifically saying SBC holders should collude to raise prices or anything, I'm providing this point more for anyone that is holding alot of SBC as to why they shouldn't sell so easily and if anything should consider buying more SBC if they want the value of their SBC holdings to increase.

Yeah so I actually did this as an experiment with fastcoin when it hit the exchange.  The market was small enough that with a couple bitcoins I was able to place a ton of buy orders and send the price from .000007 up to .000027 temporarily which peaked the interest of further buyers as well as drove the profitability up to over 500% causing a flood of hashing power.   That lasted for about 5 hours until a bunch of the new and old miners started selling like crazy driving the price back down to about .000012 where it stabilized for a while and has slowly deteriorated.  The point is that without people truly believing that the coin is somehow superior to it's counterparts any influence we may have at launch will be temporary if not cause it to destabilize since the perceived profitability of mining it will drive a huge influx of those simply interested in mining it and selling immediately.

[xxiumu]

I have mined 24h ,but received none. why?

[Cryptoin]

I have mined 24h ,but received none. why?

Are you solo/pool mining?  If a pool what one?  What are you using to mine (hardware and software)?

[frobley]

multiple 1 month old accounts having a chat to keep a thread alive.....

[vivabnet]

.....
If 1 SBC was worth 0.01 BTC then I'd have just mined 120 BTC in a week... Be realistic guys!!

......

I love this. Oh Yeah, waiting for SBC trading .... cryptsy is good

[BitJohn]

.....
If 1 SBC was worth 0.01 BTC then I'd have just mined 120 BTC in a week... Be realistic guys!!

......

I love this. Oh Yeah, waiting for SBC trading .... cryptsy is good

It is on the list to be added

[ManOfKnight]

.....
If 1 SBC was worth 0.01 BTC then I'd have just mined 120 BTC in a week... Be realistic guys!!

......

I love this. Oh Yeah, waiting for SBC trading .... cryptsy is good

It is on the list to be added

YES!!!  Now we see if our trust in the Dev is valid.