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Author Topic: [ANN] ★★ EBT Coin - Entropybit 100% PoS - Multipool - Bugfix version 4.0.3! ★★  (Read 130463 times)
hoju2k
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February 11, 2014, 12:39:26 AM
 #221

Hope you don't mind another POS related question: I have my wallet encrypted, and so locked for minting. I have learned how to unlocking it. So the question is, do I have to keep it unlocked the whole time or should I wait for the 30 days to pass and then unlocking it?
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EBT
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February 11, 2014, 12:54:00 AM
 #222

Hope you don't mind another POS related question: I have my wallet encrypted, and so locked for minting. I have learned how to unlocking it. So the question is, do I have to keep it unlocked the whole time or should I wait for the 30 days to pass and then unlocking it?

You can wait for the 30 days to pass before unlocking the wallet.

Here is an awesome article on how PoS works: https://cryptocointalk.com/blog/4/entry-19-what-is-proof-of-stake-how-do-i-mint-pos-blocks-work-in-progress/
DannyTom
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February 11, 2014, 01:35:21 AM
 #223


Very good article for POS.  Basically like earning interest on a savings/checking account for leaving funds in there.

Any coin I mine that has POS/POW I add a line in my .conf file reservebalance=x (with x being 30% of my balance).  I never move more than 30% back and forth between exchanges, simply because I don't trust them.  Exchanges are great for trading up, but lets face it, they're un-regulated, un-documented, just a guy on a site.  Exchanges have been hacked, downed, same with pools (I lost 230,000 DOGE when doge.cryptopool.it dissappeared).  I like my local wallet and multiple backups.

So basically 30% of my balance is always available for POS interest after 30 days.  Makes for a few extra coins coming in when mining.

The drawback to this...since your wallet is open on your PC and it's not encypted or locked you are susceptible to hijacking.  I can remote hijack your PC, withdraw from your wallet and send to my wallet.  Of course I can also walk up to your house, disable your vehicle alarm and steal your car.

Nothing is 100% sure except death.  Find the balance between being comfortable earning more coins and keeping your local wallet secure.  My BTC LTC and QRK wallets are encrypted, but weaker coins I leave open for POS until I either dump or feel like they're keepers for the long run.




BTQ:  17NEp7WtUZt4V5RiFP6YHxD1hcte7U3sB8
LTC:  LeyXcTFxC5Ku3KDUyhwDHtLko1JwChd99h
FTC:  6n56LJKYrdgmsougCCjenLFtpPTcjFQ829
slavo
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February 11, 2014, 02:35:20 AM
 #224

Is anybody interested in making a tutorial about pos minting to put in OP ?

That's the + of that currency so let's talk about it.

A simple thread for noobs like me who wants to POS mint safely without being stoled or anything.

It's the point to advertise I think.

My 2 cents.
r0bd0b
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February 11, 2014, 08:07:14 PM
 #225

This may already be happening and I'm just missing it, but it might be a good idea to keep track and show how much of the premine has been used for bounties and stuff. I know a common concern with premined coins is that the devs are just holding a big chunk of the supply to pump and dump later, so anything that can be done to improve transparency with regards to the premine here would probably go a long way toward easing people's hesitation to get involved with this coin.
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February 11, 2014, 08:23:07 PM
 #226

This may already be happening and I'm just missing it, but it might be a good idea to keep track and show how much of the premine has been used for bounties and stuff. I know a common concern with premined coins is that the devs are just holding a big chunk of the supply to pump and dump later, so anything that can be done to improve transparency with regards to the premine here would probably go a long way toward easing people's hesitation to get involved with this coin.

It is indeed.

To date 675k coins have been sent out to developers and those who have worked on the project (pools, poker site, mac wallet, website, videos (coming soon), articles, faucet dev, initial images, etc.).  This does not include all of the coins that have been given away on the faucet and giveaway threads on cryptocointalk, altcoingiveaways, reddit, etc. which is well over 250k.

We do still have additional coins for bounties as well, if you have any ideas please feel free to shoot me a PM!
EBT
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February 11, 2014, 10:09:45 PM
 #227

Here's a new EBT article from Cryptonerd!!  Check it out guys: http://majesti.co/cryptonerd/ebtcoin-ebt-the-benefit-transference-digital-program/
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February 12, 2014, 03:56:30 AM
 #228

Holding 25k EBT in cold storage. Will mine more when it hits a decent exchange. If I keep mining this I can't pay my electricity bills for this month. So stopped mining just for now.
maied
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February 12, 2014, 04:10:14 AM
 #229

I don't understand why this coin hasn't taken off yet. I am still mining, and I still love it (even already made some decent money off of it the other day, still holding quite a large amount and intend to keep doing so). We are very close to the halfway mark for block halving. Hopefully, as that draws closer some more attention will be shown to this underrated coin.
DannyTom
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February 12, 2014, 04:10:20 AM
 #230

http://www.coinrx.com/generic-viagra/

I could soooo see spending EBT here.  Hope I'm not violating anything with that link, but that would just be classic.  Maybe next someone will come out with an erectile assistance coin (TittieCoin seemed like a candidate?)

Anyway too much sake tonight...thought you might get a kick out of this...love EBT...tooo the MOOOOON!!!

BTQ:  17NEp7WtUZt4V5RiFP6YHxD1hcte7U3sB8
LTC:  LeyXcTFxC5Ku3KDUyhwDHtLko1JwChd99h
FTC:  6n56LJKYrdgmsougCCjenLFtpPTcjFQ829
tx42
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February 12, 2014, 09:58:56 AM
 #231

I don't understand why this coin hasn't taken off yet.

It will take off. Right now, about 2/3 of the hashes moved to DOGE. But hashes are still above 30 MH/s.

The POS quality of EBT means that the overhead to keep the coin alive will be very low. In other words, it doesn't need huge hashes and it doesn't need to waste electricity to survive in the long run. That's why it is a good prospect to mine now.

In the grand scheme of things, EBT is an early POS mover, in league with PPC, Next, CASH, PTS, and GRAin coin. It will probably take several times longer than these other coins (except maybe GRA) to gain real value. This means you can mine a bunch at relatively low cost, then just keep a wallet running as you collect interest. At some point in the future EBT should trade at a good value.

However, if you are having doubts, I'll buy a few hundred thousand from you at the current OpenEx exchange rate.  Cheesy

█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
..EARN FREE BREAKOUT COINS SIG CAMPAIGN LIVE !!
█    █     ██    ███     ███    ████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████     ███     ███    ██     █    █
xminer2014
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February 12, 2014, 10:08:20 AM
 #232

hi I have just joined EBT mining, succesfully compiled Linux QT wallet. Do I have to join the other forum to get the free coins?
hoju2k
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February 12, 2014, 06:32:53 PM
 #233

hi I have just joined EBT mining, succesfully compiled Linux QT wallet. Do I have to join the other forum to get the free coins?

I think so.
Delaforetnoire
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February 12, 2014, 10:31:05 PM
 #234

I'm speaking with admin of PMtoCoins for adding EBT ! They do it soon
Yeahhhh ! Wink
https://pmtocoins.com/
slavo
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February 12, 2014, 10:41:07 PM
 #235

yayyyyyyyyyyyyyy
Nullu
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February 12, 2014, 10:41:49 PM
 #236

I'm speaking with admin of PMtoCoins for adding EBT ! They do it soon
Yeahhhh ! Wink
https://pmtocoins.com/

That would be fantastic!

Keep us updated.  Grin

BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
Delaforetnoire
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February 12, 2014, 11:29:51 PM
 #237

https://pmtocoins.com/index.php?page=trade&market=15

Here we go !!!!  Grin

Show them that we support it.
They trust us, let's deposing orders !
Shahrukh
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February 12, 2014, 11:42:00 PM
 #238

Trade EBT now on https://pmtocoins.com/index.php?page=trade&market=15

I turned everyone down Sad Sorry for that
dima_a123
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February 12, 2014, 11:46:26 PM
 #239

why is it so hard to put this coin on some normal exchange?

cryptorush.in
swisscex.com

they add every day dozens of new coins, how come EBT has already ~50k blocks mined, and still dev insist to release it on openex or pmtocoins where there is almost no trading?

Delaforetnoire
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February 12, 2014, 11:53:02 PM
 #240

To keep us far from dumpers from Cryptsy  Wink
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