[ANN] "Cubits" V2 (QBT) Sha256D POW

[cassieheart]

The official release date and time for Cubits v3.0 will be Sunday, November 24, 2013 5:00 PM Eastern Standard Time (EST) -0500 UTC




Cubits [QBT] V3.0

SHA256D, Proof of Work + Proof of Stake

Max 42 million Coins

150 coins per block, halving every 64,000 blocks.

3 minute block targets

Progressive (per block) Diff Change, max 10% up/10% down

50 blocks to coin maturation

3% stake after 60 days, 120 days for full weight.

20606250 Coin Premine (3 halving worth of Cubits v2 for 1:1 redemption)

Notes:
Any remaining premined v2 Cubits will be put into a foundation wallet and used for Bounties and services.
Release day you will be able to redeem your v2 cubits for v3 trading 1:1. Please stop mining v2 and wait for v3 release

Thank you for your time and patience.
~Cassie Heart

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[jedimstr]

...Proof of Work + Proof of Steak...

Which has the higher difficulty, Rare or Well Done?
I prefer medium rare. So how do we specify that in CGMiner

[Sampey]

Release day you will be able to redeem your v2 cubits for v3 trading 1:1.

How?

[BiteLord]

Yep, it's quite interesting how we will be able to do that. How long time will that proceed? Don't want to lose my 65k Cubits v2.

[cassieheart]

Omg thank you for pointing that out to me. I must have been hungry Lmfao..

...Proof of Work + Proof of Steak...

Which has the higher difficulty, Rare or Well Done?
I prefer medium rare. So how do we specify that in CGMiner

[cassieheart]

You will have to send me your v2 Cubits to my wallet address + amount sent in a Pm here, Along with your new v3 address so I can send you your new v3 Cubits.

There will be time constraints put on cubits v2 redemption I will probably give people a week or less depending on how many dummy's are still mining v2 Cubits.

I will release all of the details about the redemption on Sunday it should go smooth. I am not expecting any problems.

Once again if you are still mining Cubits please stop...

Release day you will be able to redeem your v2 cubits for v3 trading 1:1.

How?

Yep, it's quite interesting how we will be able to do that. How long time will that proceed? Don't want to lose my 65k Cubits v2.

[vesperwillow]

Yes totally, fixing something when it is broke is ridiculous.... The good old Trailer park American way if its broke throw it away drive to Wallmart and buy a new one lol. Just because you give up when you Fail doesn't mean I have to. You don't get anywhere in this life being a quitter. Anyways happy Trolling lalalalala

For two weeks ver. 4 for four weeks ver. 5 ...
This is a ridiculous approach, after the first failure should be the end of the peseudo currency
Man, think again everything carefully before you share another shit

The point he's making is, the coin should've never been launched until bugs had been seriously worked out with lots of testing.

There will be time constraints put on cubits v2 redemption I will probably give people a week or less depending on how many dummy's are still mining v2 Cubits.

And this is the attitude he was pointing out as well. Some of us were subscribed to the v2 thread, which went dead. No updates on the OP or anywhere in the thread about v2 failing, which is probably why some people may be mining it. I'm not.. i stopped when I noticed your backend couldn't handle several hundred GH. Should I presume it still can't?

I'm interested in the coin, but if you want it to be taken seriously, you need to take these subtle hints from others seriously as well. Things like.. not updating the development thread and calling folks trolls for being upset.. doesn't help.

What's the long term point of the coin? Exchanges? Online wallets? Where can it be used? These goals should be in place before launch.

[cassieheart]

#1 long term point of the coin? Like Bitcoin and others like it I hope to have it used for services,Goods,and trade.

#2 Exchanges? None yet, and I don't expect a exchange to pick them up before the release

#3 Wallets? There is currently 1 v3 qt for windows more will come later. I will be offering bounties.

#3 Where can cubits be used? At this time no where. You can collect and trade in the forums for now.

As for the guy you are referencing he could have been a little more polite. Talking to me like that wont get him or anyone very far with me.
I am still very new to all of this. Learning as I go. And this isnt the only project on my plate at the moment.  
If you or anyone else thinks they have something to offer please feel free to pm me as I am looking to build a Cubits team..

~Cassie

Yes totally, fixing something when it is broke is ridiculous.... The good old Trailer park American way if its broke throw it away drive to Wallmart and buy a new one lol. Just because you give up when you Fail doesn't mean I have to. You don't get anywhere in this life being a quitter. Anyways happy Trolling lalalalala

For two weeks ver. 4 for four weeks ver. 5 ...
This is a ridiculous approach, after the first failure should be the end of the peseudo currency
Man, think again everything carefully before you share another shit

The point he's making is, the coin should've never been launched until bugs had been seriously worked out with lots of testing.

There will be time constraints put on cubits v2 redemption I will probably give people a week or less depending on how many dummy's are still mining v2 Cubits.

And this is the attitude he was pointing out as well. Some of us were subscribed to the v2 thread, which went dead. No updates on the OP or anywhere in the thread about v2 failing, which is probably why some people may be mining it. I'm not.. i stopped when I noticed your backend couldn't handle several hundred GH. Should I presume it still can't?

I'm interested in the coin, but if you want it to be taken seriously, you need to take these subtle hints from others seriously as well. Things like.. not updating the development thread and calling folks trolls for being upset.. doesn't help.

What's the long term point of the coin? Exchanges? Online wallets? Where can it be used? These goals should be in place before launch.

[platti]

if I want to change my v2 qbits in v3 qbits, i need a v2 wallet to send old coins and a v3 wallet for new adress to receive new coins ?

[cassieheart]

Yes you are correct

if I want to change my v2 qbits in v3 qbits, i need a v2 wallet to send old coins and a v3 wallet for new adress to receive new coins ?

[i3lome]

I'll have a few to trade in

[vesperwillow]

Yeah I've got a handful to trade also. Will do later tonight maybe

[sunsofdust]

I'll have more than a handful to trade in. 

I am looking forward to version 3!

[ryanb]

on the stake what does full weight means after 120 days

so i earn 3% after 60 days and what happens after 120 days?

[platti]

any news?

[platti]

The official release date and time for Cubits v3.0 will be Sunday, November 24, 2013 5:00 PM Eastern Standard Time (EST) -0500 UTC


mhhhm

[sunsofdust]

V3: https://bitcointalk.org/index.php?topic=345328.0

[mogrith]

It's on a new thread see
https://bitcointalk.org/index.php?topic=345328.40

One pool up and running

[Marty19]

Pool fees reduced to just 1% at iSpace SHA256 Mining Pools - http://qbt.ispace.co.uk

More SHA256 pools available at http://ispace.co.uk

[Marty19]

iSpace Mining SHA256 Pools - Mining & Transaction Fee's 0% for the rest of January so why not try us out at http://ispace.co.uk

Cubits pool at http://qbt.ispace.co.uk