[SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily

[Spratan]

SaveCoin's Market Cap

SaveCoin's Market Cap was briefly set today at approximately $867,000 on coinmarketcap.com. Anyone see it?

This was because they included the 20 million pre-mined coins into the available supply. Later in the day, they decided to remove the pre-mine and make the available coin supply 89,689 making our Market Cap  $5,290. This is a big difference and exposes the confusion over our coin supply.

So what is our correct available coin supply since Proof of Funds is a new concept to many?

1. 89,689 which corresponds to 1 new coin per block  = Market Cap of $5,290

2. 20,089,689 which is number 1 plus the 20 million pre-mine = Market Cap of $1,185,000.92

3. 89,689 + interest paid to date + 1 million pre-mine (since the unpaid interest is not technically available coin supply) = Market Cap of $67,349.83


I think our market cap should be accurate for future investors. I also think option #3 is the most accurate.

Anyone concur?
 

Is the premine usually included in others coins marketcap ?

[1715240136]

1715240136

[marsandotherplanets]

SaveCoin's Market Cap

SaveCoin's Market Cap was briefly set today at approximately $867,000 on coinmarketcap.com. Anyone see it?

This was because they included the 20 million pre-mined coins into the available supply. Later in the day, they decided to remove the pre-mine and make the available coin supply 89,689 making our Market Cap  $5,290. This is a big difference and exposes the confusion over our coin supply.

So what is our correct available coin supply since Proof of Funds is a new concept to many?

1. 89,689 which corresponds to 1 new coin per block  = Market Cap of $5,290

2. 20,089,689 which is number 1 plus the 20 million pre-mine = Market Cap of $1,185,000.92

3. 89,689 + interest paid to date + 1 million pre-mine (since the unpaid interest is not technically available coin supply) = Market Cap of $67,349.83


I think our market cap should be accurate for future investors. I also think option #3 is the most accurate.

Anyone concur?
 

Is the premine usually included in others coins marketcap ?

It was for Auroracoin, it overtook litecoin in value within a day or two of launching. (I actually made some money from auroracoin, it was what got me into coins in the first place)

[Suresh Matsui]

SaveCoin's Market Cap

SaveCoin's Market Cap was briefly set today at approximately $867,000 on coinmarketcap.com. Anyone see it?

This was because they included the 20 million pre-mined coins into the available supply. Later in the day, they decided to remove the pre-mine and make the available coin supply 89,689 making our Market Cap  $5,290. This is a big difference and exposes the confusion over our coin supply.

So what is our correct available coin supply since Proof of Funds is a new concept to many?

1. 89,689 which corresponds to 1 new coin per block  = Market Cap of $5,290

2. 20,089,689 which is number 1 plus the 20 million pre-mine = Market Cap of $1,185,000.92

3. 89,689 + interest paid to date + 1 million pre-mine (since the unpaid interest is not technically available coin supply) = Market Cap of $67,349.83


I think our market cap should be accurate for future investors. I also think option #3 is the most accurate.

Anyone concur?
 

The premine should be included as it is being distributed as interest payments. Also out of the coin that I hold, I'm using that to pay bounties and donations/giveaways so just only counting the mined coins is wrong as there are more coins in circulation than what's been mined.  

I'm not sure who was behind the voting on coinwarz but I do hope that something like this won't happen again. I know a lot of folks here are excited (and by looking at the current price increase, I can see that excitement) but let's build up SaveCoin in a good way so that we have a positive reputation! I am happy to see SaveCoin in second place already though!  

Rome was not built in a day, neither was Bitcoin but with patience and hard work by spreading awareness, we'll get there!  

The community effort so far is amazing!

[blizeH]

What's the best way to convert Bitcoin to SPC?

[Suresh Matsui]

What's the best way to convert Bitcoin to SPC?

Transfer your Bitcoins to an exchange such as Bittrex to buy SPC. 

[azhago]

SaveCoin's Market Cap

SaveCoin's Market Cap was briefly set today at approximately $867,000 on coinmarketcap.com. Anyone see it?

This was because they included the 20 million pre-mined coins into the available supply. Later in the day, they decided to remove the pre-mine and make the available coin supply 89,689 making our Market Cap  $5,290. This is a big difference and exposes the confusion over our coin supply.

So what is our correct available coin supply since Proof of Funds is a new concept to many?

1. 89,689 which corresponds to 1 new coin per block  = Market Cap of $5,290

2. 20,089,689 which is number 1 plus the 20 million pre-mine = Market Cap of $1,185,000.92

3. 89,689 + interest paid to date + 1 million pre-mine (since the unpaid interest is not technically available coin supply) = Market Cap of $67,349.83


I think our market cap should be accurate for future investors. I also think option #3 is the most accurate.

Anyone concur?
 

The premine should be included as it is being distributed as interest payments. Also out of the coin that I hold, I'm using that to pay bounties and donations/giveaways so just only counting the mined coins is wrong as there are more coins in circulation than what's been mined.  

I'm not sure who was behind the voting on coinwarz but I do hope that something like this won't happen again. I know a lot of folks here are excited (and by looking at the current price increase, I can see that excitement) but let's build up SaveCoin in a good way so that we have a positive reputation! I am happy to see SaveCoin in second place already though!  

Rome was not built in a day, neither was Bitcoin but with patience and hard work by spreading awareness, we'll get there!  

The community effort so far is amazing!

Market cap should consider coin in circulation, not the total amount of coin. - so i think the third is the good one (market cap of $67349)

[perado]

0.137% Daily!!!Thats  awesome .I will buy some and save it for my son,then he will find himself got so much coin that just like the CENT

[GullibleGooo]

Only 100 votes to No.1 at CoinWarz !!! Keep voting! Whoever is No.1 tomorrow will be added.

http://www.coinwarz.com/voting

[pawel7777]

Only 100 votes to No.1 at CoinWarz !!! Keep voting! Whoever is No.1 tomorrow will be added.

http://www.coinwarz.com/voting

It's over 1000 to No 1...
It's likely going to be next week

[RJF]

SaveCoin's Market Cap

3. 89,689 + interest paid to date + 1 million pre-mine (since the unpaid interest is not technically available coin supply) = Market Cap of $67,349.83

I think our market cap should be accurate for future investors. I also think option #3 is the most accurate.

Anyone concur?
 

I agree with #3, it is the most fluid and gives a good indication of the health of the coin. I really don't think you can overlook the pre-mine.

[WolfLee84]

SaveCoin community, please help vote @ https://www.minep.it/poolvote/...
One of the best mining pools, tested & tried 100+'s We only need a few votes  

[janbrel]

SaveCoin's Market Cap

3. 89,689 + interest paid to date + 1 million pre-mine (since the unpaid interest is not technically available coin supply) = Market Cap of $67,349.83

I think our market cap should be accurate for future investors. I also think option #3 is the most accurate.

Anyone concur?
 

I agree with #3, it is the most fluid and gives a good indication of the health of the coin. I really don't think you can overlook the pre-mine.

That sounds right to me, you cannot overlook the premine.

[hashalot]

SaveCoin community, please help vote @ https://www.minep.it/poolvote/...
One of the best mining pools, tested & tried 100+'s We only need a few votes  


http://oi60.tinypic.com/1zmou4i.jpg

That would be great. Just voted 

[RJF]

If you want a look at the future of stable Alt Coins, read this:

https://www.rapidcx.com/blog/pantera-bitcoin-fund-sec-filing-reveals-96-million-investment

It's time to clean up and be professional...   

(posted in several forums)

[MineP.it]

Hey guys, thanks for you interest in MinePit hosting a pool for SaveCoin. We saw your votes and have acted on them!

MineP.it SaveCoin Pool

Register now, if you haven't already done so, and prepare your workers get mining!

Stratum connection example:
stratum+tcp://spc.minep.it:3368 -u MinepitUsername.anything -p anything

MinePit Pools

• 0.75% fees across the board
• Rock solid security and stability
• One registration to access all our pools
• Auto payouts every minute (manual payouts too)
• 24/7 on-site chatbox
• Super fast, powerful, scale-able servers
• Unbeatable DDOS protection
• Unique, custom interface and back-end infrastructure
• Super fast compile times - we aim to be one of the first pools running at every launch

Join us now!

[WolfLee84]

If you want a look at the future of stable Alt Coins, read this:

https://www.rapidcx.com/blog/pantera-bitcoin-fund-sec-filing-reveals-96-million-investment

It's time to clean up and be professional...  

(posted in several forums)

A very good read, recommend for everyone to check it out.

That would be great. Just voted  

Thanks, we now just need some miners to join with some hash/s SPREAD THE HASH/s

Hey guys, thanks for you interest in MinePit hosting a pool for SaveCoin. We saw your votes and have acted on them!

MineP.it SaveCoin Pool

Register now, if you haven't already done so, and prepare your workers get mining!

Stratum connection example:
stratum+tcp://spc.minep.it:3368 -u MinepitUsername.anything -p anything

MinePit Pools

• 0.75% fees across the board
• Rock solid security and stability
• One registration to access all our pools
• Auto payouts every minute (manual payouts too)
• 24/7 on-site chatbox
• Super fast, powerful, scale-able servers
• Unbeatable DDOS protection
• Unique, custom interface and back-end infrastructure
• Super fast compile times - we aim to be one of the first pools running at every launch

Join us now!

[MineP.it]

Sorry. Spoke too soon. Seems the pool is getting blocks rejected. Are there some specific code modifications that need to be made to the stratum in order for the blocks to be accepted?

[ThatDandyMan]

Will the proof of fund work with the old wallet(speedcoin wallet)

Yes. You don't even need the wallet open to gain funds.

[billotronic]

Wanted to try this out but cannot get any connections. Can someone through me some IP's please?

[WolfLee84]

Sorry. Spoke too soon. Seems the pool is getting blocks rejected. Are there some specific code modifications that need to be made to the stratum in order for the blocks to be accepted?

Not that I know of, but might want to check with the Dev..

Wanted to try this out but cannot get any connections. Can someone through me some IP's please?

Ok, well I have reinstalled the wallet many times without the need of a config file with IP's (gets first connection right away, no need of addnodes or connect=)... Do you still need them, or did you get it figured out? Looks to have 15 connections right now, plus Bittrex shows normal & clearly up to date..


On a Side note: The Intro & Tutorial Videos are ready..