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seattletu
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April 25, 2014, 02:08:40 PM |
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Too late to buy in some WC?
No, you got 1 more hour before prices start going crazy. That's when PoS starts I think. So, it's a good time to buy cheap WC. -TWC What about the dumps after POS? I'm expecting a dip, sub 1k. As I've said, it's pure imagination/speculation. Why would someone dump if there's such great buy support on mintpal? ( Just sounds weird, to be honest ) Many coins needed to get it below 1k I think we will see WC rise to 20k satoshi and BC fall to below 20k in the short term. Bold statement. But not unrealistic. |
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angryacorn
Member
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Activity: 112
Merit: 10
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April 25, 2014, 02:10:08 PM |
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wait....if there is only 300mil coins and they have all been mined, when this goes into POS where do the POS coins come from?
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yinyangteam (OP)
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April 25, 2014, 02:11:19 PM |
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wait....if there is only 300mil coins and they have all been mined, when this goes into POS where do the POS coins come from?
They're mined by staking the coins in your wallet. You can read more about the concept here: http://en.wikipedia.org/wiki/Proof-of-stake |
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SkyValeey
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April 25, 2014, 02:11:45 PM |
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Nope, there's more than 300 mio coins, because I've 320.566.002 in my wallet haha :-P LOL
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DanielVG
Sr. Member
Offline
Activity: 266
Merit: 250
I want free lunch, i'm gonna go with this guy.
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April 25, 2014, 02:13:00 PM |
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wait....if there is only 300mil coins and they have all been mined, when this goes into POS where do the POS coins come from?
There are only 300 mil PoW coins mined, in PoS new coins will be added to wallets that are online, synced and unlocked for Staking. Direct WC mining will stop then, but 300 mil is not the max amount. |
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WhiteCoinJesus
Member
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Activity: 84
Merit: 10
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April 25, 2014, 02:14:14 PM |
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Can someone explain why there is more than 300,000,000 coins now according to Coinmarketcap?
pic?  I'm seeing 299,824,554 WC on coin cap nope im seeing over 300  For some reason we over shooting the 300 mill mark on PoW though.. :/ |
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angryacorn
Member
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Activity: 112
Merit: 10
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April 25, 2014, 02:15:36 PM |
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wait....if there is only 300mil coins and they have all been mined, when this goes into POS where do the POS coins come from?
There are only 300 mil PoW coins mined, in PoS new coins will be added to wallets that are online, synced and unlocked for Staking. Direct WC mining will stop then, but 300 mil is not the max amount. thank you thats what I was trying to work out! appreciate it |
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@ThisWeeksCoin
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April 25, 2014, 02:15:58 PM |
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He's right.
CMC shows more than 300m coins.
22 WhiteCoin $ 1,825,620 $ 0.00608 300,274,554 WC $ 638,067
Maybe PoS started already?
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DanielVG
Sr. Member
Offline
Activity: 266
Merit: 250
I want free lunch, i'm gonna go with this guy.
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April 25, 2014, 02:16:33 PM |
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Can someone explain why there is more than 300,000,000 coins now according to Coinmarketcap?
pic? I'm seeing 299,824,554 WC on coin cap nope im seeing over 300 For some reason we over shooting the 300 mill mark on PoW though.. :/ I'm seeing 300,274,554 WC too now, 15 min ago it still was 299 |
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smart15
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April 25, 2014, 02:17:42 PM |
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wait....if there is only 300mil coins and they have all been mined, when this goes into POS where do the POS coins come from?
There are only 300 mil PoW coins mined, in PoS new coins will be added to wallets that are online, synced and unlocked for Staking. Direct WC mining will stop then, but 300 mil is not the max amount. how a wallet is unlocked for stacking? |
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SkyValeey
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April 25, 2014, 02:18:31 PM |
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Maybe this is BUG?
Maybe the calculation was not correct and this is not 300.000.000 but a little more, that's all
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cryptohunter
Legendary
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Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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April 25, 2014, 02:19:30 PM |
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Can someone explain why there is more than 300,000,000 coins now according to Coinmarketcap?
pic? I'm seeing 299,824,554 WC on coin cap nope im seeing over 300 For some reason we over shooting the 300 mill mark on PoW though.. :/ I'm seeing 300,274,554 WC too now, 15 min ago it still was 299 yeah maybe but at 2% 6m more per year right? that 274k number still seems a little bit high does it not? |
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angryacorn
Member
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Activity: 112
Merit: 10
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April 25, 2014, 02:19:58 PM |
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what block are we on? I have a feeling POS might have come early?
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buzz2708
Member
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Activity: 98
Merit: 10
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April 25, 2014, 02:20:09 PM |
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wait....if there is only 300mil coins and they have all been mined, when this goes into POS where do the POS coins come from?
There are only 300 mil PoW coins mined, in PoS new coins will be added to wallets that are online, synced and unlocked for Staking. Direct WC mining will stop then, but 300 mil is not the max amount. how a wallet is unlocked for stacking? If you put on your wallet password do that: In your WhiteCoin wallet: Help -> Debug window -> Console Write: walletpassphrase "your password" 9999999999 true If you haven't locked it, musn't do smth. what block are we on? I have a feeling POS might have come early?
http://whitecoinchain.info/ |
BTC : 1Nt7TtotpU5L2Duz6igVX2b2kYN61rpMiz
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WhiteCoinJesus
Member
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Activity: 84
Merit: 10
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April 25, 2014, 02:20:23 PM |
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He's right.
CMC shows more than 300m coins.
22 WhiteCoin $ 1,825,620 $ 0.00608 300,274,554 WC $ 638,067
Maybe PoS started already?
Yeah I think we just simply overshooting a little . Staking should not have begun yet. |
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@ThisWeeksCoin
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April 25, 2014, 02:21:02 PM |
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He's right.
CMC shows more than 300m coins.
22 WhiteCoin $ 1,825,620 $ 0.00608 300,274,554 WC $ 638,067
Maybe PoS started already?
Yeah I think we just simply overshooting a little . Staking should not have begun yet. Then I have no idea what's going on. You might be right. Also, PoS kicks in in 40 minutes? |
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seattletu
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April 25, 2014, 02:22:03 PM |
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Coinmarketcap has inaccurate figures all the time.
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kotwica666
Legendary
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Activity: 2282
Merit: 1035
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April 25, 2014, 02:22:53 PM |
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Maybe this is BUG?
Maybe the calculation was not correct and this is not 300.000.000 but a little more, that's all
no.. that was not wrong calculatio.. i was telling u - THEY ARE HERE!   |
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Maestro1
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April 25, 2014, 02:26:10 PM |
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At the end of PoW there will be 302,340,000 whitecoins, that's 300,000,000 from general mining and 2,340,000 from premine.
We had 10,000 blocks, each having 30,000 block rewards, plus 0.78% premine.
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WhiteCoinJesus
Member
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Activity: 84
Merit: 10
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April 25, 2014, 02:27:30 PM |
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At the end of PoW there will be 302,340,000 whitecoins, that's 300,000,000 from general mining and 2,340,000 from premine.
We had 10,000 blocks, each having 30,000 block rewards, plus 0.78% premine.
Ahaa!  That explains it. |
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