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Author Topic: [ANN] Blacknet BLN | Staking | Token Platform in Development  (Read 2505522 times)
ThePatient
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March 18, 2014, 02:35:56 AM
 #7481

How does multipool work for generating black coins?

The pool mines alt-coins ---> alt-coins are sold for Bitcoins ---> Bitcoins are sold for BlackCoins on the exchanges.

So BlackCoin value goes up while stake holders earn more coins from the hands of the people trying to sell. As long as the stake holders hold on to their coins.. the value will continue to rise. Thus, your coin amount total increases while the value increases too.

I think he meants (maybe i'm wrong), how are new blackcoins mined (generated) if the pool is actually mining other coins.
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mellomike
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March 18, 2014, 02:40:49 AM
 #7482

How does multipool work for generating black coins?

The pool mines alt-coins ---> alt-coins are sold for Bitcoins ---> Bitcoins are sold for BlackCoins on the exchanges.

So BlackCoin value goes up while stake holders earn more coins from the hands of the people trying to sell. As long as the stake holders hold on to their coins.. the value will continue to rise. Thus, your coin amount total increases while the value increases too.

I think he meants (maybe i'm wrong), how are new blackcoins mined (generated) if the pool is actually mining other coins.

There are no more coins being generated besides the 1% stake each year. There are 72+ million coins out right now. No more can be mined.... EVER. The only way to get coins now are to buy them from the exchange.. or earn your 1% stake a year. 72 million sounds like a lot. But once people start holding on to their coins.. it will become rare, and the price will skyrocket.

So that's why this mining pool is SO important to the community. Without it there would be no way to get coins from mining.
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March 18, 2014, 02:55:18 AM
 #7483

Nice, will definitely jump in on the multipool then.

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March 18, 2014, 03:15:23 AM
 #7484


Visit NightBark Music, home of the BlackCoin Music Video! https://www.youtube.com/user/nightbarkmusic
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March 18, 2014, 03:29:13 AM
 #7485

How does multipool work for generating black coins?

The pool mines alt-coins ---> alt-coins are sold for Bitcoins ---> Bitcoins are sold for BlackCoins on the exchanges.

So BlackCoin value goes up while stake holders earn more coins from the hands of the people trying to sell. As long as the stake holders hold on to their coins.. the value will continue to rise. Thus, your coin amount total increases while the value increases too.

I think he meants (maybe i'm wrong), how are new blackcoins mined (generated) if the pool is actually mining other coins.

There are no more coins being generated besides the 1% stake each year. There are 72+ million coins out right now. No more can be mined.... EVER. The only way to get coins now are to buy them from the exchange.. or earn your 1% stake a year. 72 million sounds like a lot. But once people start holding on to their coins.. it will become rare, and the price will skyrocket.

So that's why this mining pool is SO important to the community. Without it there would be no way to get coins from mining.

I'm willing to bet that the next question will be , where do those coins come from Smiley)))


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devachelekar
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March 18, 2014, 03:43:08 AM
 #7486

where do those coins come from ?
MuffinMaster
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March 18, 2014, 03:46:25 AM
 #7487

where do those coins come from ?

from the market at market price.


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UnitedCrowd.
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regnevacs
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March 18, 2014, 03:47:42 AM
 #7488

from the sell orders.. it works like clevermining.. you get paid in a form of BTC. here you get paid via BC. still don't get it? well I think this coin is not suited for you.
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March 18, 2014, 05:39:55 AM
 #7489

I have forgotten my wallet pass phrase but still have the certificate. Any way to unlock the wallet ?
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March 18, 2014, 07:42:42 AM
 #7490

where do those coins come from ?

from the market at market price.

He was just trolling because of my question above.


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teamlottowin
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March 18, 2014, 08:52:34 AM
 #7491

where do those coins come from ?

from the market at market price.

He was just trolling because of my question above.

If I paint my bitcoins black, would that count ?

Buy Adidas with Crypto: https://shop.moolah.io/Buzz
derBruchpilotPro
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March 18, 2014, 08:58:25 AM
 #7492

Hey I have a question... I posted this on the BC reddit.. but there's not much activity on there.

Would it be overkill to have more than one BC multipool? I kinda want stake holders to have a choice of which pool they want to use. I have a pool setup with coin switching and auto payout.. but I didn't want to launch it if the community felt more than one multipool was too much.

Any thoughts on this?

Hmm, a "war multipool" would be cool.

The idea:
Miners on that pool aren't mining just for profit, but for "safety buy walls" to catch dumps.

The miners on a pool like this has to know that they get payouts more delayed at first time, but after the
safety walls are big enough the MP could buy and payout BC as usual.


NEM/XEM!!!
derBruchpilotPro
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March 18, 2014, 08:59:17 AM
 #7493

where do those coins come from ?

from the market at market price.

He was just trolling because of my question above.

If I paint my bitcoins black, would that count ?

I see a reddcoin and I want it into black...
Wink

NEM/XEM!!!
draco71
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March 18, 2014, 09:24:44 AM
 #7494

I see health in that coin and natural growth.

It does not seem to be a "pump and dump" coin. It will happen again I suppose, but till now always lands on higher levels.  

I think is one of the most interesting alts out there. I am really glad I invested on it.  Smiley

Edit: In long term I see something like 0,00x price. It might take some time but I am really patient.


My heart belongs to RieCoin (RIC), my investments to BlackCoin (BC)
niothor
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March 18, 2014, 09:29:59 AM
 #7495

where do those coins come from ?

from the market at market price.

He was just trolling because of my question above.

If I paint my bitcoins black, would that count ?

I see a reddcoin and I want it into black...
Wink

There is also a blue coin , and a green one. Suit yourself.


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derBruchpilotPro
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March 18, 2014, 09:34:04 AM
 #7496

where do those coins come from ?

from the market at market price.

He was just trolling because of my question above.

If I paint my bitcoins black, would that count ?

I see a reddcoin and I want it into black...
Wink

There is also a blue coin , and a green one. Suit yourself.

We should hire the rolling stones for promotion. Wink

http://www.youtube.com/watch?v=u6d8eKvegLI


NEM/XEM!!!
Soepkip
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March 18, 2014, 11:04:36 AM
 #7497

WE HAVE ACCEPTED HERE SIGNS!

http://www.blackcoin.co/update-2/accepted-here-signs/

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germsite
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March 18, 2014, 11:15:00 AM
 #7498


Very, very cool. Now, all we need is an API to allow websites to send payment from one address to another, with a current BC/BTC exchange rate, and I, for one, have somewhere I'd be keen to to implement this.

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Raghiot
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March 18, 2014, 11:30:32 AM
 #7499

WTS this  Steam And origin Key accept equivalent in BC... I valute BC 2400 sat now... PM me for more info...

MINT = MkcZw2Shxb81yQQnxL6r6vCrm7GsaBxgnu
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March 18, 2014, 11:36:14 AM
 #7500

1100 vote !!! and increasing, we are going to cryptsy and the prices should skyrocket.
https://www.cryptsy.com/coinvotes
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