[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[d4wn0ff473]

Can someone please answer my questions? I would really appreciate it. I have mined other coins before but POS is new to me.

Once I get the coins in my wallet do I need to do anything special to get the stake thing going? It says stake miner suspended due to locked wallet. How do I get around this.
Do I understand correctly that all the coins ever will be made this week and then no more will be made? Will pools end after that since it will be pointless, and all mining will stop and everything will be done on the wallet?

Thank you to whoever answers.

Given I don't believe we've seen a definitive answer from either the dev or someone who can understand the source, I guess we will have to just wait and see at this point. My interpretation is that you get a chance depending on the size of the bag you hold every 8 hours to obtain 1% interest. Whether that's 1% proportionate to the original bag, or 1% compound I'm not sure. And whether you get your potential interest chance once in a blue moon or nearly every 8 hours, I'm not sure either. It really would be nice to have some facts here.

It works like this. You have to leave your wallet open and unlocked. The network will then stake the coins you have in your wallet that are at maturity which is 8 hours for this coin. There is no max age so that means once they mature they can post stake and never lose viability until they post stake or are traded. If the coin changes hands or your wallet posts stake then it has to wait another 8 hours to gain viability to post stake again. The random choice is based on the size of the bag of mature coins that you hold. So while the network may have 100 million coins probably only 50% of those coins are of stake age dues to trading hands. So if your wallet wins the random stake lottery you will earn interest on the coins of stake age. That is the basic gist of it.

Right. This is in line roughly with what I understood, thanks for clarifying the stake age thing, that makes sense.

The 'random stake lottery' - how are the 'lucky coins' determined? Is it literally a random pick, and how often is that pick? The problem with information is it just raises more questions, heh.

That I'm not sure about, I know that the minting process is similar to mining in that the more coins you have the more often you will post stake much like hash power compared to block finding. But the fine details of the process as to how wallets are chosen I'm foggy on.

bc.cryptoquest.net

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[paniczklos]

GUYS ONE OF YOU IS MINING ON MY P2POOL NODE, BUT HAVE FORGOTTEN TO ENTER HIS WAALET ADDRESS
20 MH/s GUY PLEASE WAKE UP AND REASTART YOUR MINER WITH ADDRESS AS YOUR USER NAME!!

ouch. that gotta hurt when he wakes up. 

Damn .. he's not 20MHs guy anymore, he's 25 MHs guy:

https://www.dropbox.com/s/r30p1wrir1imifb/null.PNG

[slavo]

Why are you all so eager to dump this coin? Right before the PoS and the true value will show?  I see aaaaaalot of sell orders at CR right now..

I am eager for PoS to start fully... The production rate of the coin is going to drop massively and people will have to use exchanges to acquire the coins.

Also the interest rate of this coin is a lot higher than just 50k into 50.5k in 1 year. Its more like 50k into 100k in 365 days.

Are you sure? When is 1% per annum really mean 100% per annum?

Don't get me wrong, i'm mining BC hard, tried to get 1million but have NO CHANCE lol, not even half way.

no

1% + compound interest = 1.05% /year

if 100% that would mean we'd had 100M added each year, wich would be stupid

POS reward is here to maintain the network.

Enjoy you black coin  

1.05% big freaking deal

lol

if you have more coins, they'll be worth less...

[BitcoinStacker]

this coin is rising and rising

Wait until PoS hits. People are gonna be buying it up once they realize what they missed out on

+1 I think we will hit  0.00010000 / 0.00020000 each BC or more, what do you think?

[tabnk]

0.000025 BTC !!!

[slavo]

this coin is rising and rising

Wait until PoS hits. People are gonna be buying it up once they realize what they missed out on

+1 I think we will hit  0.00010000 / 0.00020000 each BC or more, what do you think?

won't sell at this rate 

[Denmor]

I am constantly getting disconnected from greekpool.eu, what's happening there? It's so hard to mine and with those dc's it's almost impossible

[aTriz]

Online and selling more BC if you want large quantities


Price: 0.25 per 10,000

pm me

[koprobo]

I am constantly getting disconnected from greekpool.eu, what's happening there? It's so hard to mine and with those dc's it's almost impossible

ddos

[r0b1nuk]

Online and selling more BC if you want large quantities


Price: 0.25 per 10,000

pm me

its a good offer thats 0.01 better than the exchanges

[hdzw]

I am constantly getting disconnected from greekpool.eu, what's happening there? It's so hard to mine and with those dc's it's almost impossible

ddos

Suggest to try P2POOL(some of them is 0 fee). Hacker has always little interest on the P2P network.

[Quantum12]

methinks the p2p pool is also experiencing problems now ..

Harsh

cannot mine at all now

EDITED

and p2p is back!

or not..

[JustBlaze]

http://bc.greekpool.eu/ DDOS and is down any pool still up?

[phreakk]

methinks the p2p pool is also experiencing problems now ..

Harsh

cannot mine at all now

EDITED

and p2p is back!

or not..

works fine for me, using liberty-miners.com:8336

[theneos]

GUYS ONE OF YOU IS MINING ON MY P2POOL NODE, BUT HAVE FORGOTTEN TO ENTER HIS WAALET ADDRESS
20 MH/s GUY PLEASE WAKE UP AND REASTART YOUR MINER WITH ADDRESS AS YOUR USER NAME!!

ouch. that gotta hurt when he wakes up. 

Damn .. he's not 20MHs guy anymore, he's 25 MHs guy:

https://www.dropbox.com/s/r30p1wrir1imifb/null.PNG

can you edit the address so it's at least sending the coins somewhere? then when he comes back, it can be transferred to him.

but really. 25 MHs...how i wish i have that.

[BitcoinStacker]

Lol just bought this coin at 1500 

[TrollboxChamp]

Lol just bought this coin at 1500  

Man what the dump...   I guess people getting scared of holding big amounts

Edit: Feb 27, 2014, 8:04 am EST    Sell    12.30000000    0.00001500    0.00018450

You bought 12.3?

[Radiostatic]

methinks the p2p pool is also experiencing problems now ..

Harsh

cannot mine at all now

EDITED

and p2p is back!

or not..

http://188.226.185.177:8336/static/ has been running fine for 40 hours, only went down once since launch to upgrade to latest client

[brokedummy]

If this coin is just being mined by hackers and rig renters there is no way I am buying any. I'll stake what I mine and ignore for 5 years. Not getting involved in this one. congrats hackers your greed ruined a promising coin.

[thisisnotmyltcusername]

so, pools are ddossed, panic sell is organised on Cryptorush (down to 1400 satoshi ) , nice crook job to get BCs  cheap