[ANN][AC]AsiaCoin - Relaunch

[Acidyo]

Can someone explain how PoS works exactly?

does the wallet need to be up 24/7?
do the coins notice their age after the amount of confirmations they have received?

how does it work?

[mighty jol]

ok so basically coins gets age every blocks and do not require your wallet to be open to get this age BUT you need to have your wallet open and unlocked (and synced of course) to be able to stake your coins

staking is the process of consuming the coin age (has to be more then 2 weks for asiacoin) and turning your block of coins into 2 smaller blocks which will have interests over it.

let s say i have 100 asiacoin and leave them into closed wallet for a month. i open my wallet and sync it, wait for them to stake. if they stake today (30 day coin age) this 100 coin block will split into two 53.5 coin blocks (on average, luck is involved as you compete with others on the network to get stakes)

the more coin you have the faster they stake.

So you can go on hollidays and sit on your AC they will still stake when you come back and sync your wallet
easy, efficient, .....ladies and gentleman :    POS

[robinho1983]

to the moon!!!! up 45% today. let the journey begin.

[mighty jol]

it s just back where it was 3 days ago, nothing to it yet. but yes rise might be seen shortly after pow ends

[cjp007]

to the moon!!!! up 45% today. let the journey begin.

Still time to buy in/mine before it's too late! Can't wait for Wednesday!

[silencesilence]

№48 - http://coinmarketcap.com/
48    AsiaCoin    $ 324,195    $ 0.002734    118,590,000 AC    $ 63,016
we have great opportunities to be in the top 15   

....^
UP |
45    AsiaCoin    $ 352,687    $ 0.002878    122,530,000 AC    $ 57,134    

Edit:
....^
UP |
43    AsiaCoin    $ 359,669    $ 0.002934    122,600,000 AC    $ 56,834    

....^
UP |
41.    AsiaCoin    $ 399,078    $ 0.003244    123,030,000 AC    $ 66,492

Update:
36.   AsiaCoin    $ 508,466    $ 0.004129    123,160,000 AC    $ 83,188    

[robinho1983]

the investors will have done the home work on AC and realise 600 was very cheap. i think this could level at 825 today and make steady gains tue wed and then hopefully and mini rocket wed night.  

[silencesilence]

№48 - http://coinmarketcap.com/
48    AsiaCoin    $ 324,195    $ 0.002734    118,590,000 AC    $ 63,016
we have great opportunities to be in the top 15   

....^
UP |
45    AsiaCoin    $ 352,687    $ 0.002878    122,530,000 AC    $ 57,134    

Edit:
....^
UP |
43    AsiaCoin    $ 359,669    $ 0.002934    122,600,000 AC    $ 56,834    

....^
UP |
41.    AsiaCoin    $ 399,078    $ 0.003244    123,030,000 AC    $ 66,492

36.   AsiaCoin    $ 508,466    $ 0.004129    123,160,000 AC    $ 83,188    

If the get in top 10
will get into all possible news - TV, newspapers, interenet, forums, facebook, twiter ....

Will attract many new investors for this great coin with a very big name - AISA COIN - AC
best days are yet to come
 

[Tasch]

the investors will have done the home work on AC and realise 600 was very cheap. i think this could level at 825 today and make steady gains tue wed and then hopefully and mini rocket wed night.  

I really suspect this was just a pump and dump.. It went up so damn quickly and down even faster.

[Flomess]

the investors will have done the home work on AC and realise 600 was very cheap. i think this could level at 825 today and make steady gains tue wed and then hopefully and mini rocket wed night.  

I really suspect this was just a pump and dump.. It went up so damn quickly and down even faster.

How can you say that if we are still going up?  
Somneone just bought 10BTC around 900

[silencesilence]

Good Mining Pools
http://ac.dedicatedpool.com - 160 workers - Pool Hashrate: 260 MH/s
http://ac.pool.mn  - 340 workers - Pool Hashrate: 600 MH/s

[Acidyo]

ok so basically coins gets age every blocks and do not require your wallet to be open to get this age BUT you need to have your wallet open and unlocked (and synced of course) to be able to stake your coins

staking is the process of consuming the coin age (has to be more then 2 weks for asiacoin) and turning your block of coins into 2 smaller blocks which will have interests over it.

let s say i have 100 asiacoin and leave them into closed wallet for a month. i open my wallet and sync it, wait for them to stake. if they stake today (30 day coin age) this 100 coin block will split into two 53.5 coin blocks (on average, luck is involved as you compete with others on the network to get stakes)

the more coin you have the faster they stake.

So you can go on hollidays and sit on your AC they will still stake when you come back and sync your wallet
easy, efficient, .....ladies and gentleman :    POS

¨

Thanks, that cleared things up a bit.

[ahmedjadoon]

Finally some increase in price.Over 900 satoshi now.

[Acidyo]

Finally some increase in price.Over 900 satoshi now.

Going no where but up now!

[hansolo93]

hi everyone i just discovered this coin. looks great i am now mining it. also i'd love my 500 ac.thanks

+1

And can comeone explain me if this coins is going to have pos only stage?

[Nilsen]

ok so basically coins gets age every blocks and do not require your wallet to be open to get this age BUT you need to have your wallet open and unlocked (and synced of course) to be able to stake your coins

staking is the process of consuming the coin age (has to be more then 2 weks for asiacoin) and turning your block of coins into 2 smaller blocks which will have interests over it.

let s say i have 100 asiacoin and leave them into closed wallet for a month. i open my wallet and sync it, wait for them to stake. if they stake today (30 day coin age) this 100 coin block will split into two 53.5 coin blocks (on average, luck is involved as you compete with others on the network to get stakes)

the more coin you have the faster they stake.

So you can go on hollidays and sit on your AC they will still stake when you come back and sync your wallet
easy, efficient, .....ladies and gentleman :    POS

Do you need to have them in a wallet? or could I have them at a exchange?

[Acidyo]

hi everyone i just discovered this coin. looks great i am now mining it. also i'd love my 500 ac.thanks

+1

And can comeone explain me if this coins is going to have pos only stage?

Yes, after 2 weeks it's POS only and a multipool will back it up with mining.

[mighty jol]

exchange have their own wallet but they mix all the coins they get into them so even if they were staking coins (which i m pretty sure they are not paying attention too much) you would not get the stakes and coin age would reset on any transaction.

So keeping thoses coin on a exchange: not a good a idea

[Nilsen]

exchange have their own wallet but they mix all the coins they get into them so even if they were staking coins (which i m pretty sure they are not paying attention too much) you would not get the stakes and coin age would reset on any transaction.

So keeping thoses coin on a exchange: not a good a idea

But do I need to wait a year to get interest, or do I get some every month??

[cyberpitstop]

What is this about AC multipool can someone explain how this work? I always thought multipools were bad for a coin??