[ANN] SOV Sovereign SHA256 PoW/PoS No Premine LAUNCHED 10 JULY 2014

[martinyin]

60 * 24 / 8 * 3 = 540 SOV (this is the fixed output per day of mining)

540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)

144,000,000 / 197,000 = 730.96447

so, the PoW will last for 730 years?  am I right?

 

[sovie]

I thought the whole point to cryptocurrency
was to encourage people to use it instead of banks
but what people who have money and want to use it
will be prepared to wait untill sufficiant coins will be mined
especially with a newly launched one??

and I have to agree with the miners point of view,
there is no way in hell that this coin will have more value than bitcoin
won't even be more than litecoin, so where is the incentive for miners
to use their electricity to mine these??
Bitcoin is where it is because of people mining and using it.

With all respect to the devs for trying but no one will ever do anything for no
return on investment and i'm afraid the numbers just don't add up.

This coin will never get off the ground and will not be sustained unless you are rich
and like throwing away VALUE.

Its a real pity as i had such high hopes for a fair coin to compete with the bit
as well as giev evryone an alternative which we all really need, but i just don't see it
and i can't see the little man on the street even coming close to touching this

goodluck

[BBmodBB]

mined this coin all night since the "launch" on 1337miners

====> result : 0.005913 unconfirmed!!! lol


...time to move on zzzz


 

glty

[afong9]

60 * 24 / 8 * 3 = 540 SOV (this is the fixed output per day of mining)

540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)

144,000,000 / 197,000 = 730.96447

so, the PoW will last for 730 years?  am I right?

 

你的对的,其实有很多币是被作者藏起来了
什么称为藏起来?
预挖是其中之一
也难免作者会弄隐藏的超级块
总之就是用来坑钱为目标.

注:看不懂中文的请用google
translate.google.cn

[sovie]

i wonder if this was just an exercise to entice
normal miners away from bitcoin
so some heavy hitter could go in last night and try and scoop
as many more easy coins as possible before this shambles came to light
lol

[BBmodBB]

i wonder if this was just an exercise to entice
normal miners away from bitcoin
so some heavy hitter could go in last night and try and scoop
as many more easy coins as possible before this shambles came to light
lol

or did they port the hashrate to somewhere else? hmmmm 

[sovie]

yes well at hardcoreminers where i was mining before pulling the plug
 i see its taking them 883.63% on this lat block without being solved

so at least 7 blocks should have been mined already in that time

It does'nt take a genius to figure out that something is extremely wrong here
or its got to be the unluckiest pool in the history of launces

[raskul]

once CG is up and awake, i'll get him to look into the long rounds. It's very possible difficulty retargeting is having a serious effect on our mining.
Also, AS the question was posed PoW of 730 years would happen if stake does not kick in until the end of PoW, Stake is already happening as soon and you have any sovereign in your wallet. This (should) halve the number of coins to be mined, each year and continual halve until the 144million are mined.

so ~ 45 years PoW. This was clear and plain from the off, i've never misled anyone into believing we would see short rounds, nor a quick profit, from Mining Sovereign. If you value it so much, don't sell it for less than you think it's worth, simple.

People see big total numbers and hit the fear button, and those people are fools.

What was promised was a long coin, stable and able to provide Stake. Here you have it, So, instead of ranting and flaming a thread, if you don't like what you see in this coin, there are others you can mine, feel free. nobody has your ASIC's mining your 1SOV at gunpoint.

1SOV. all you ever need.

[raskul]

60 * 24 / 8 * 3 = 540 SOV (this is the fixed output per day of mining)

540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)

144,000,000 / 197,000 = 730.96447

so, the PoW will last for 730 years?  am I right?

 

你的对的,其实有很多币是被作者藏起来了
什么称为藏起来?
预挖是其中之一
也难免作者会弄隐藏的超级块
总之就是用来坑钱为目标.

注:看不懂中文的请用google
translate.google.cn

Wrong, there has been no premine, and no instamine of Sovereign.
please;

http://sovexplorer.seednode.us

[afong9]

60 * 24 / 8 * 3 = 540 SOV (this is the fixed output per day of mining)

540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)

144,000,000 / 197,000 = 730.96447

so, the PoW will last for 730 years?  am I right?

 

你的对的,其实有很多币是被作者藏起来了
什么称为藏起来?
预挖是其中之一
也难免作者会弄隐藏的超级块
总之就是用来坑钱为目标.

注:看不懂中文的请用google
translate.google.cn

Wrong, there has been no premine, and no instamine of Sovereign.
please;

http://sovexplorer.seednode.us

144,000,000 / 197,000 = 730.96447 years?
Net Hashrate
41.69 TH/s

6,988,773.73658020
Difficulty

Whole network operator disproportionate force and difficulty

[raskul]

60 * 24 / 8 * 3 = 540 SOV (this is the fixed output per day of mining)

540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)

144,000,000 / 197,000 = 730.96447

so, the PoW will last for 730 years?  am I right?

 

你的对的,其实有很多币是被作者藏起来了
什么称为藏起来?
预挖是其中之一
也难免作者会弄隐藏的超级块
总之就是用来坑钱为目标.

注:看不懂中文的请用google
translate.google.cn

Wrong, there has been no premine, and no instamine of Sovereign.
please;

http://sovexplorer.seednode.us

144,000,000 / 197,000 = 730.96447 years?
Net Hashrate
41.69 TH/s

6,988,773.73658020
Difficulty

Whole network operator disproportionate force and difficulty

already answered.

[afong9]

730 years of mining, ha ha ..
I live less than 730 years
Block Time 8 minutes
I think
Change Block Time 1 minutes is a good idea to look for investors trading platform and landing as soon as possible, miners need to pay for electricity.

[raskul]

730 years of mining, ha ha ..
I live less than 730 years
Block Time 8 minutes
I think
Change Block Time 1 minutes is a good idea to look for investors trading platform and landing as soon as possible, miners need to pay for electricity.

how ironic  

No, please try to take in a better understanding of the language which we speak.
I have answered that one already, as stated in previous reply to you. PoW does not last 730 years, as staking/minting will reduce PoW to around 45 years.
If you don't want to be involved in using cryptocurrency in that time, then why do you even bother mining?

Too many people - all you wish to do is mine the launch of a coin and dump it all on toy exchanges.
Well, I'd like to see you try that with this coin. This was intended, not it's sole it's purpose, but it's longevity.

If the coin dies (which I had always anticipated, it won't be because of the coin, or the algo, or the block time or the difficulty retargets... but because of human greed and the inability to nurture the things that they so ardently stand up to praise.

Sove is the worlds longest cryptocurrency, that's all.

And; all you need, is 1SOV

[BBmodBB]

......

1SOV. all you ever need.

why? I mined all night and didn't even get one!!! LOL

~ what is the purpose of this coin?

[raskul]

......

1SOV. all you ever need.

why? I mined all night and didn't even get one!!! LOL

~ what is the purpose of this coin?

The purpose of this coin is to stay alive, long into the future, but this will depend, not on the coin itself, nor it's statistical algorithms but in the people who believe in it. it's been designed to be the toughest nut to crack. enjoy.

[afong9]

Miners electronic coin bottom chain, without the support of the miners is very difficult to find investors.
Whether coins produced perfectly useless
Attract more miners mining, must have a good market price.

[raskul]

Miners electronic coin bottom chain, without the support of the miners is very difficult to find investors.
Whether coins produced perfectly useless
Attract more miners mining, must have a good market price.

I see, get the coin on a exchange right away then you can sell all that you mine, right away.
that's not what this coin is here for, sorry.

[afong9]

Miners electronic coin bottom chain, without the support of the miners is very difficult to find investors.
Whether coins produced perfectly useless
Attract more miners mining, must have a good market price.

I see, get the coin on a exchange right away then you can sell all that you mine, right away.
that's not what this coin is here for, sorry.

Miners mining coins no money to support electricity can not pay. Unable to continue mining.
Does not require money, the most basic is to support electricity
euroepcoin just launched, there is trade.
https://www.bittrex.com/Market/?MarketName=BTC-ERC
SOV can log in trade, it is very popular.
Without the support of the market, but also scrap gold

[raskul]

Miners electronic coin bottom chain, without the support of the miners is very difficult to find investors.
Whether coins produced perfectly useless
Attract more miners mining, must have a good market price.

I see, get the coin on a exchange right away then you can sell all that you mine, right away.
that's not what this coin is here for, sorry.

Miners mining coins no money to support electricity can not pay. Unable to continue mining.
Does not require money, the most basic is to support electricity
euroepcoin just launched, there is trade.
https://www.bittrex.com/Market/?MarketName=BTC-ERC
SOV can log in trade, it is very popular.
Without the support of the market, but also scrap gold

miners who don't want to mine, mine something else 
where did I ever say, 'this is the only coin to mine' ?

your ranting is weak and infatuated with making quick money.
i'll reiterate, that is not the purpose of this coin.

i wish you well.

[sovie]

I'm sorry raskul
you can wax lyrical as much as you want
but your arguments are bizare, flawed and make no sense

Any miner with half a brain will tell you
that its all very fine to have a coin that lasts fine

but the point of even having a coin is so that people will use it and support it

and quite frankly there is absolutly no incentive for anyone to mine this
people are what creates the coins value and not the coin,
and since the only people who will create that value for you are miners

then making sure that miners cannot even meet the minning costs seriously undermines the coin itself
and every single one of your arguments, as for you saying you only ever need one
then why 6.79 billion when only 5% of the world population will ever use this coin???

further for you to keep saying if you don't like it bugger off well thats what we will all do
no one will support a coin that miners themselves will not support

economy 101

miner + time + costs = value

no value = no miner

no miner = no coin

your whole premise is flawed and yes i'll stay away
and whats more i can guarentee you that everyone else will as well
unless they are either rich or raving loons
this is not a school project is it?