[ANN][ALT] Point[POINT] Stable Coin

[juantellez]

Point is an StableCoin not associated to FIAT governed by a dynamic monetary policy which reduce and increment the coin supply based on the average spending of the population.

Coin details Name: Point Symbol: POINT Port: 55884 Algorithm: ArgonM2 / See-Saw Block time: 60 seconds Difficulty readjust: 4 blocks Starting difficulty: 0.00024414 Coin cap: Controlled by monetary policy

Block reward schedule: Dynamic monetary Policy

Premined coins use
There's no premined coins

Website: https://globaldao.network

Source code: https://github.com/goo-technology/point
Block explorer: http://explorer.globaldao.network


Facebook page: https://www.facebook.com/globaldao

Telegram group: https://t.me/point_coin

[1715135668]

1715135668

[1715135668]

1715135668

[1715135668]

1715135668

[1715135668]

1715135668

[user0000001]

Coin Supply (POINT)
1000178446.156 too big premine)
Block 3 - 50,000: 5 coins
airdrop for every person 100,000 coins?

[alforro]

in which exchanges will be listed?

[juantellez]

Coin Supply (POINT)
1000178446.156 too big premine)
Block 3 - 50,000: 5 coins

All premined coins will be for Airdrop (1,000,000,000 coins), 500 coins per Android device.

[juantellez]

in which exchanges will be listed?

It's not in a near future to be listed on exchanges, it's not an ICO so there no way to pay for exchange listings. Instead the efforts should be set on make business accept the coin. I have developed a platform for customers fidelization so business can use it to reward they customers for they buys, just like PayBack (https://rewards.payback.in/) or your local supermarket.

[mio520]

Scrypt algo and ASIC resistant?

[juantellez]

Scrypt algo and ASIC resistant?

Right, sound funny, but let's see what's happen after block 50,000 where the block reward down's to 0.5, i don't think it could be a good idea spend 1,000 watts of energy cost to mine a coin, but a 100Watt 6Mh gridseed blade or even a PC could be.

[Emi6]

Scrypt algo and ASIC resistant?

What do you mean? ???Sorry,I don't get it.

[juantellez]

Scrypt algo and ASIC resistant?

What do you mean? ???Sorry,I don't get it.

Today there are very low cost ASIC miners por SCRYPT algorithm, so is easy to buy a mine a coin with more than 400MH/s, just one of this miners could increment the coin difficulty to a high levels so small miners will take days or even week's to mine a block and if this happen the transactions will be stopped until de difficulty get down.

[juantellez]

Ok, right now there's someone mining at 400MH/s , it's a good starting test for Point coin. Some minutes ago someone mined at 100MH/s and the diff get low again quickly.

[juantellez]

They stopped mining at 400MH / s, there were no delays in transactions and the difficulty is again less than 0

[juantellez]

I hope the people who mined Point coin today can post some feedback.

[juantellez]

1.2GH/s, diff get up to 6 in less than a minute and when miner stop get back to diff 0.5 in les than 2 minutes with 400MH/s in the pool.

[juantellez]

Scrypt algo and ASIC resistant?

Right, sound funny, but let's see what's happen after block 50,000 where the block reward down's to 0.5, i don't think it could be a good idea spend 1,000 watts of energy cost to mine a coin, but a 100Watt 6Mh gridseed blade or even a PC could be.

Well, Point coin passed it's first ASIC at 1.4GH/s. I hope it support more.

[raa146]

I need help. why ccminer-x64-2.2.4-cuda9 does not work. what's wrong. ccminer-x64 -o stratum + tcp: //pool.pointsr.cool: 3333 -u xxxxx.xxx -p xxxx

[juantellez]

I need help. why ccminer-x64-2.2.4-cuda9 does not work. what's wrong. ccminer-x64 -o stratum + tcp: //pool.pointsr.cool: 3333 -u xxxxx.xxx -p xxxx

Any error on screen or in the log?

[spicytom37]

Scrypt algo and ASIC resistant?

Right, sound funny, but let's see what's happen after block 50,000 where the block reward down's to 0.5, i don't think it could be a good idea spend 1,000 watts of energy cost to mine a coin, but a 100Watt 6Mh gridseed blade or even a PC could be.

That is only true from block 50,000 - 100,000, and then reward would be 1 for blocks 100,000 - 200,000 and so on. So it will only slow down in the early stages of mining. Block times are so fast I have mined 3000 block in 12 hours.

[juantellez]

Scrypt algo and ASIC resistant?

Right, sound funny, but let's see what's happen after block 50,000 where the block reward down's to 0.5, i don't think it could be a good idea spend 1,000 watts of energy cost to mine a coin, but a 100Watt 6Mh gridseed blade or even a PC could be.

That is only true from block 50,000 - 100,000, and then reward would be 1 for blocks 100,000 - 200,000 and so on. So it will only slow down in the early stages of mining. Block times are so fast I have mined 3000 block in 12 hours.

15 seconds per block. on some minutes when diff is readjusted maeby you could see even 8 or more blocks but after that maeby only one in a minute. The reward is incremental and as more time pass more coins weill be for reward and usually as on any other coin everyday is more people mining.

By the block 1,000,000 the reward will be 10 coins, at block 10,000,000 100 coins, and so on, that will let the coin price low. Low coin price, low tx fees and no need to use a lot of decimal places on microtransactions (like 0.0000589 to buy a soda)

[raa146]

I need help. why ccminer-x64-2.2.4-cuda9 does not work. what's wrong. ccminer-x64 -o stratum + tcp: //pool.pointsr.cool: 3333 -u xxxxx.xxx -p xxxx

Any error on screen or in the log?

there is no error. just do not have a share

[juantellez]

I need help. why ccminer-x64-2.2.4-cuda9 does not work. what's wrong. ccminer-x64 -o stratum + tcp: //pool.pointsr.cool: 3333 -u xxxxx.xxx -p xxxx

Any error on screen or in the log?

there is no error. just do not have a share

ok, what's your hashrate?

Im mining with 3MH/s and just got 0.00452891 reward per block because there's somebody mining in the pool at 1.9 GH/s.