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Question: Should StellitePay be released in an open beta?
Yes - 40 (88.9%)
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Author Topic: [ANN][POW][XTL] 👾Stellite👾 - decentralized node list via IPFS & ZeroNet  (Read 65861 times)
StonerStanley
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March 08, 2018, 11:21:26 AM
 #1141

Nice team.  Smiley

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Mike6000
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March 08, 2018, 11:28:40 AM
 #1142

Network hash is about 12 MH/s , while the two major pools' hashrates are about 0.3 MH/s for community pool and about 0.58 MH/s for cryptoknight pool.

Is this normal?. Do not tell that 12 MH/s is an averaged network hashrate.
This is a good example of NiceHash use. When you are renting a few mega-hashes, which will make up more than half of the network hash rate, you are guaranteed to be mining almost every block. If you're going to be the reason for mining almost every block then it would be more than logical to either solo mine or set up a private pool as more coins will be earned.

ok, Dev, thanks. Is the algo particularly suitable or designed for nicehash extraction as someone noticed the difficult changing?

Please vote for this coin today!. I give a support for its IPFS and ZeroNet!


We are working on changing the difficulty algorithm to LWMA which is the one used by IPBC and a few other small CryptoNote projects. This should eradicate the issues that users are having with NiceHash.
I see 3 pools which found all unconfirmed blocks(18 unconfirmed blocks +1 Maturity 0 ).

https://communitypool.stellite.cash/#/blocks (hash rate: 248.64 KH/s) - 8 unconfirmed blocks + 1 (Maturiy 0)

http://cryptoknight.cc/stellite/#pool_blocks (hash rate: 504.20 KH/s) - 8 unconfirmed blocks

https://stl.dreampool.info/#pool_blocks (hash rate: 59.35 KH/s) - 2 unconfirmed blocks

Therefore, Mysterious ~16 MH/s  - 0 unconfirmed  block

Whole network hashrate is 17.30 MH/s. Difficulty: 1111381158

How can you explain this situation? (I have suspected botnet for the Big network hashrate, but it was not real big network hashrate.)






This high hashrate 19MH/s has maintained for sometime. It cannot be explained as nicehash. It most likely comes from any private pool. The extraction output for 1kH/s per day has dropped to below 2000 coins. The price of the coin has increased. 
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March 08, 2018, 04:48:45 PM
 #1143

https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269
Im not promoting this coin.
Devs have a look at their pow . If you are able to implement something like this .would make your coin perfect.
We are working on changing our difficulty algorithm to LWMA which should fix most of the current problems miners are having.

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March 08, 2018, 05:01:46 PM
 #1144

https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269
Im not promoting this coin.
Devs have a look at their pow . If you are able to implement something like this .would make your coin perfect.
We are working on changing our difficulty algorithm to LWMA which should fix most of the current problems miners are having.
OK
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March 08, 2018, 08:10:04 PM
 #1145

yesterday I sent 35,000 coins to exchange address, in wallet is it still in pending Sad is it normal?
how long does it takes to get coins?
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March 08, 2018, 08:40:31 PM
 #1146

yesterday I sent 35,000 coins to exchange address, in wallet is it still in pending Sad is it normal?
how long does it takes to get coins?

not sure but a lot of small exchanges take forever to get into their wallet. I just tried to send a small amount 10k to the exchange about two hours ago and am still waiting...Looks like it may take a day or two i guess

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March 08, 2018, 09:38:46 PM
Last edit: March 09, 2018, 02:10:22 AM by jamgd
 #1147

yesterday I sent 35,000 coins to exchange address, in wallet is it still in pending Sad is it normal?
how long does it takes to get coins?

not sure but a lot of small exchanges take forever to get into their wallet. I just tried to send a small amount 10k to the exchange about two hours ago and am still waiting...Looks like it may take a day or two i guess

I sent from wall_cli but it never processed i guess. I downloaded the GUI and after 6 hours of syncing my transfer didn't show on the GUI wallet. I resent another amount at 4:19 pm EST and will update when it finally arrives to destination.

Sent 50k at normal transaction fees. (split into 3 transactions)
5:30 still 0 confirmations
6:41 still 0 confirmations and not showing up on block explorer
9:09 pm still no confirmations

Decided to send another transaction at 5:48 to see if paying a higher tx fee would help. I sent 100k split into 4 transactions
6:43 still 0 confirmations and not showing up on block explorer
9:10 pm still 0 confirmations



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March 08, 2018, 10:35:26 PM
 #1148

Price is up.
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March 08, 2018, 10:39:15 PM
 #1149

No offense to the Devs and the coin . Its is a good young team and i believe in them .They will do good with this coin
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur Smiley
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March 08, 2018, 10:45:00 PM
 #1150

No offense to the Devs and the coin . Its is a good young team and i believe in them .They will do good with this coin
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur Smiley

Pumping? millions have been bought and sold today. It's a pump...but not an amateur. 1.5btc worth of btc spent in past 24 hours with stable price...that's a hell of an amateur.

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March 08, 2018, 10:50:00 PM
 #1151

No offense to the Devs and the coin . Its is a good young team and i believe in them .They will do good with this coin
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur Smiley

Pumping? millions have been bought and sold today. It's a pump...but not an amateur. 1.5btc worth of btc spent in past 24 hours with stable price...that's a hell of an amateur.
My 2 cents, pump to 14 sats dump back to 2 sats rinse and repeat
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March 09, 2018, 12:33:32 AM
 #1152

No offense to the Devs and the coin . Its is a good young team and i believe in them .They will do good with this coin
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur Smiley

Pumping? millions have been bought and sold today. It's a pump...but not an amateur. 1.5btc worth of btc spent in past 24 hours with stable price...that's a hell of an amateur.
My 2 cents, pump to 14 sats dump back to 2 sats rinse and repeat

I would definitely be very careful. Somebody is clearly trying to manipulate the price atm. Someone is mining 95% of the entire supply every day alone. It's a real shame considering the coin has a proper development team and a great community. Unfortunitely this has been a problem for almost all young cryptonote project recently.

I like crypto
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March 09, 2018, 12:43:37 AM
 #1153

No offense to the Devs and the coin . Its is a good young team and i believe in them .They will do good with this coin
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur Smiley

Pumping? millions have been bought and sold today. It's a pump...but not an amateur. 1.5btc worth of btc spent in past 24 hours with stable price...that's a hell of an amateur.
My 2 cents, pump to 14 sats dump back to 2 sats rinse and repeat

I would definitely be very careful. Somebody is clearly trying to manipulate the price atm. Someone is mining 95% of the entire supply every day alone. It's a real shame considering the coin has a proper development team and a great community. Unfortunitely this has been a problem for almost all young cryptonote project recently.

Loving the idea of this project.  Which is the pool that has the majority of this 21 mh hashrate?  I'm only seeing 300kh on any of the officially listed pools..   I'm gonna second what this guy said, someone is mining the majority of coins it seems, definitely a shame...

Development looks good though.  Hopefully the hashrate will stabilize and there will be a better distribution of wealth.
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March 09, 2018, 12:44:58 AM
 #1154

No offense to the Devs and the coin . Its is a good young team and i believe in them .They will do good with this coin
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur Smiley

Pumping? millions have been bought and sold today. It's a pump...but not an amateur. 1.5btc worth of btc spent in past 24 hours with stable price...that's a hell of an amateur.
My 2 cents, pump to 14 sats dump back to 2 sats rinse and repeat

I would definitely be very careful. Somebody is clearly trying to manipulate the price atm. Someone is mining 95% of the entire supply every day alone. It's a real shame considering the coin has a proper development team and a great community. Unfortunitely this has been a problem for almost all young cryptonote project recently.


What are you saying  Cheesy ? i bought some coin yesterday, today, and someone followed me on the other platforms.

So don't make affirmation like that because it's false. I'm not even mining.

Give me your body if you are a cookie
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March 09, 2018, 12:53:17 AM
 #1155

No offense to the Devs and the coin . Its is a good young team and i believe in them .They will do good with this coin
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur Smiley

Pumping? millions have been bought and sold today. It's a pump...but not an amateur. 1.5btc worth of btc spent in past 24 hours with stable price...that's a hell of an amateur.
My 2 cents, pump to 14 sats dump back to 2 sats rinse and repeat

I would definitely be very careful. Somebody is clearly trying to manipulate the price atm. Someone is mining 95% of the entire supply every day alone. It's a real shame considering the coin has a proper development team and a great community. Unfortunitely this has been a problem for almost all young cryptonote project recently.

This is what I am concerning about. It is about 20,000,000 coins/per day (I might add one more zero on here) with such high mining power. Could someone or Dev check if this number is correct again and again? If this number is correct, I think that Dev may need to check whether the number of coins were corrected to add in your program because it would mean that you might make the same mistake as IPBC did in the first day. I do not know how many years you had planned your coins to be extracted out. According to this number, all coins would be extracted out very soon (within one or two years).
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March 09, 2018, 01:04:33 AM
 #1156

Currently with 1,000 H/s, it is 1200 coins. Therefore, it will be 1,200X10,000 coins with 10,000,000 H/S (10 MH/s). So it will be 24,000,000 coins/per day. It will be 240,000,000 coins /for 10 days and it will be 2,400,000,000 coins /for 100 days. It will be 7,200,000,000 coins/ per 300 days. Your total supply is 20,000,000,000. So it will be out within 2 years.
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March 09, 2018, 01:05:38 AM
 #1157

Currently with 1,000 H/s, it is 1200 coins. Therefore, it will be 1,200X10,000 coins with 10,000,000 H/S (10 MH/s). So it will be 24,000,000 coins/per day. It will be 240,000,000 coins /for 10 days and it will be 2,400,000,000 coins /for 100 days. It will be 7,200,000,000 coins/ per 300 days. Your total supply is 20,000,000,000. So it will be out within 2 years.

Dev, if this is true, please reduce your coins as soon as possible.
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March 09, 2018, 01:43:01 AM
 #1158

Currently with 1,000 H/s, it is 1200 coins. Therefore, it will be 1,200X10,000 coins with 10,000,000 H/S (10 MH/s). So it will be 24,000,000 coins/per day. It will be 240,000,000 coins /for 10 days and it will be 2,400,000,000 coins /for 100 days. It will be 7,200,000,000 coins/ per 300 days. Your total supply is 20,000,000,000. So it will be out within 2 years.

Dev, if this is true, please reduce your coins as soon as possible.

Cool your jets bro, that's not how any of this works.

Each block that is mined, around 1 per minute, rewards miners with a set amount of coins, around 18500 currently (this is decreasing over time).

If you use 1 hash, or 1 billion hashes, it's always the same reward.

Miners in a pool split the rewards, which helps small miners like me. It averages the reward.

When you see "1kh/s = 1200XTL/day", that's estimating your reward based on your percentage of the total network hashrate, and dividing the number of blocks x average block reward for the day. It's not actually rewarding you per hash.

Keep learning and you'll get a handle on all this stuff, I know it can seem overwhelming. Hey googling "CryptoNote emission curves" and I bet there are sites out there to help you.



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March 09, 2018, 02:00:03 AM
 #1159

No offense to the Devs and the coin . Its is a good young team and i believe in them .They will do good with this coin
But there is two things fake 1. Network hash-rate 2. Price of coin ( whoever is pumping ) is a real amateur Smiley

Pumping? millions have been bought and sold today. It's a pump...but not an amateur. 1.5btc worth of btc spent in past 24 hours with stable price...that's a hell of an amateur.
My 2 cents, pump to 14 sats dump back to 2 sats rinse and repeat

I would definitely be very careful. Somebody is clearly trying to manipulate the price atm. Someone is mining 95% of the entire supply every day alone. It's a real shame considering the coin has a proper development team and a great community. Unfortunitely this has been a problem for almost all young cryptonote project recently.


What are you saying  Cheesy ? i bought some coin yesterday, today, and someone followed me on the other platforms.

So don't make affirmation like that because it's false. I'm not even mining.
Nobody was following you mate . Was technically impossible today.Don't be paranoid.Maybe was waiting but following ,,,naaah
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March 09, 2018, 02:05:46 AM
 #1160

Currently with 1,000 H/s, it is 1200 coins. Therefore, it will be 1,200X10,000 coins with 10,000,000 H/S (10 MH/s). So it will be 24,000,000 coins/per day. It will be 240,000,000 coins /for 10 days and it will be 2,400,000,000 coins /for 100 days. It will be 7,200,000,000 coins/ per 300 days. Your total supply is 20,000,000,000. So it will be out within 2 years.

Lol that's not how this works >.< all your calculations are wrong.

I like crypto
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