[ANN]SummerCoin|POS|10% per day in 5 days|New wallet

[Strugg]

Here's the BTC38 email address:     btc38.business@foxmail.com
Write to them a request/proposal for adding SummerCoin on Their exchange. This one and the Bter are the biggest exchanges in China!

Also please let me know DEV and others what do You think about that idea \/\/\/ 
I know that our current multipool is not bad, but the progress is always good.

IMPORTANT
********
Ok people, if we need better multipool, why we won't just make it?   Really it's not so hard. If anyone of You knows how to make a multipool or knows a person, which could do that - please inform us and DEV. Reward for this shouldn't be a problem - Dev has a bunch of SUMs, which he agreed to spend on improving the coin. We as the community can also gather some funds for multipool programmer Great multipool with many miners and getting on big exchanges are our main goals now, I think.
~ Also I would like to see what DEV thinks about that, and how He/She thinks we can make it happen.  
*********
IMPORTANT

[1715075042]

1715075042

[1715075042]

1715075042

[1715075042]

1715075042

[1715075042]

1715075042

[1715075042]

1715075042

[neo666]

can someone please explain why I didn't get sum from poloniex to wallet? poloniex confirmed trasaction, yet nothing on wallet, how's that? and confirmation from poloniex was 1h ago...
BR

[bla2501]

Well.. I didnt get any Pos reward (just 0.01)
Thats my wallet:
http://i62.tinypic.com/20gyxyf.png
Hm? How to fix it? =(

I have same problems. I have been having my coins in the wallet for 4 days now, but I have received POS only once. Earlier today the message in wallet was "Expected time to earn reward is in 7 days", but then it went to 5 days, 2 days, now it says 7h, so I hope I will receive my POS coins at latest 7h from now.
Hope this helps

[bla2501]

Can anybody please explain me, why did I receive POS coins for only about a half of my coins. I have all the coins in the wallet for same amount of time and they were all sent to my wallet with a single transaction. I assume that I am soon going to receive the POS for the other coins soon but I am just curious why this happened.

Thanks

[brother3]

can someone please explain why I didn't get sum from poloniex to wallet? poloniex confirmed trasaction, yet nothing on wallet, how's that? and confirmation from poloniex was 1h ago...
BR

The coin has been frozen off and on due to a hack on Polinex.  Give it sometimes mate

[mfqrs3]

Has anybody else problems with downloading wallet from 1st page ? I can't download it and I have tryed one few post up, but it freezes ( not responding ) for me. I can sync it up first time, then when I close it and try to restart it, it locks-up...

[Strugg]

Can anybody please explain me, why did I receive POS coins for only about a half of my coins. I have all the coins in the wallet for same amount of time and they were all sent to my wallet with a single transaction. I assume that I am soon going to receive the POS for the other coins soon but I am just curious why this happened.

Thanks

 I belive that here's Your answer

"POS mining" process is just about holding coins and leaving your computer on. Only matured coins (coins stored in a wallet over 24 hours) are eligible for POS. Each block (every 45 seconds), a random lucky coin is selected to be the next "miner". If a node with the selected coin wallet is running, it will collect the transactions, make a block, and send it to the rest of the network and collect the fees. If the computer is turned off, however, then the entire network will have to select a different coin to make the transaction. This time, the unresponsive wallet will be ignored.

[bla2501]

Can anybody please explain me, why did I receive POS coins for only about a half of my coins. I have all the coins in the wallet for same amount of time and they were all sent to my wallet with a single transaction. I assume that I am soon going to receive the POS for the other coins soon but I am just curious why this happened.

Thanks

 I belive that here's Your answer

"POS mining" process is just about holding coins and leaving your computer on. Only matured coins (coins stored in a wallet over 24 hours) are eligible for POS. Each block (every 45 seconds), a random lucky coin is selected to be the next "miner". If a node with the selected coin wallet is running, it will collect the transactions, make a block, and send it to the rest of the network and collect the fees. If the computer is turned off, however, then the entire network will have to select a different coin to make the transaction. This time, the unresponsive wallet will be ignored.

Thank you for the answer. So if I understand it right, the computer must be running all the time if you want to get the coins?
But what the difference when comparing this coin to others, which do not require the wallet to be opened constantly?

[unlock.mk]

btw guys, you should recive coins normal to wallet when staking, right?
BR

Yes, with sign mining to the right.

[UltraMegaMan]

Damn I wish I could short this coin, guaranteed enormous bowel movement when 10% is over (or perhaps slightly before ) 

[mogrith]

Sine POW is over there is no mining anymore to process transactions. Instead mining function in OPEN wallets are used so when the wallet processes a block both the Stake coins are created ( you get some based on your weight /network weight) and TX are processed. Total money supply is increased by stake amount.


Multipools for SUM do n0t create any SUM. they create other coins sell them buy SUM and send to you. Total money supply is unchanged.


OP is unclear what happens to TX fees. Some coins destroy the. Others pay into stake. Not sure For SUM.

Can anybody please explain me, why did I receive POS coins for only about a half of my coins. I have all the coins in the wallet for same amount of time and they were all sent to my wallet with a single transaction. I assume that I am soon going to receive the POS for the other coins soon but I am just curious why this happened.

Thanks

 I belive that here's Your answer

"POS mining" process is just about holding coins and leaving your computer on. Only matured coins (coins stored in a wallet over 24 hours) are eligible for POS. Each block (every 45 seconds), a random lucky coin is selected to be the next "miner". If a node with the selected coin wallet is running, it will collect the transactions, make a block, and send it to the rest of the network and collect the fees. If the computer is turned off, however, then the entire network will have to select a different coin to make the transaction. This time, the unresponsive wallet will be ignored.

Thank you for the answer. So if I understand it right, the computer must be running all the time if you want to get the coins?
But what the difference when comparing this coin to others, which do not require the wallet to be opened constantly?

[unlock.mk]

If we want SUCCES for this coin, then we need more MULTIPOOLS.
If we are short in multipools, then after staking period is over, everyone will try to sell his own coins,
and if there is no one (like multipool) , who will buy those selling coins,
the price will drop to "0" and our summer coin will be delisted from Bittrex and or other stock markets.
Eventually we will left over with worthless coins in our wallets.

So someone must do something or we are all scrued.

[UltraMegaMan]

Ok guys, we have 10% POS working, but that's not all!
Today I have received an email from Cryptsy with response:

"Thank you for introducing me to this coin.
I have submitted your coin to our development team who will review it to see if it meets our requirements for addition to the   Cryptsy exchange [...]"

Looking good, doesn't it?  Write to Them with proposal to add SummerCoin too! The more requests the more strong they become! Take care guys

Standard auto-response

[Strugg]

If we want SUCCES for this coin, then we need more MULTIPOOLS.
If we are short in multipools, then after staking period is over, everyone will try to sell his own coins,
and if there is no one (like multipool) , who will buy those selling coins,
the price will drop to "0" and our summer coin will be delisted from Bittrex and or other stock markets.
Eventually we will left over with worthless coins in our wallets.

So someone must do something or we are all scrued.

I think too that multipools are very important now.

IMPORTANT
********
Ok people, if we need better multipool, why we won't just make it?  Really it's not so hard. If anyone of You knows how to make a multipool or knows a person, which could do that - please inform us and DEV. Reward for this shouldn't be a problem - Dev has a bunch of SUMs, which he agreed to spend on improving the coin. We as the community can also gather some funds for multipool programmer Great multipool with many miners and getting on big exchanges are our main goals now, I think.
~ Also I would like to see what DEV thinks about that, and how He/She thinks we can make it happen. 
*********
IMPORTANT

DEV please write to us what do You think and what can we do. Thanks

[UltraMegaMan]

If we want SUCCES for this coin, then we need more MULTIPOOLS.
If we are short in multipools, then after staking period is over, everyone will try to sell his own coins,
and if there is no one (like multipool) , who will buy those selling coins,
the price will drop to "0" and our summer coin will be delisted from Bittrex and or other stock markets.
Eventually we will left over with worthless coins in our wallets.

So someone must do something or we are all scrued.

Yeah it's a waiting poker game, once someone decides they made enough percentage gain they will cash out and everyone will follow.
How long until someone bottles it? I think some already have 21%... perhaps more. Remember that interest is compounded. You are likely to be left with worthless coins before the 10% daily interest is up, doubt everyone will hold until the end but if they do then it's a mad dash to the finish line (flatline i.e. ZERO).

[bcd]

Now the fundamentals of the coin is good, we need PR. Scenario 1: Already big exchange like MintPal or Cryptsy bought a shitload of SUM at current cheap price, they list the coin, volume & price raise and there by dev gets enthusiastic and work on betterment of coin. Scenario 2: Dev and community need to work hard on PR, then big exchanges list it.

[Strugg]

Now the fundamentals of the coin is good, we need PR. Scenario 1: Already big exchange like MintPal or Cryptsy bought a shitload of SUM at current cheap price, they list the coin, volume & price raise and there by dev gets enthusiastic and work on betterment of coin. Scenario 2: Dev and community need to work hard on PR, then big exchanges list it.

I agree. I would like to hear sth from DEV, it would be nice if he would tell us on what he's currently working on & How we can help and what can we expect

[TTM]

Now the fundamentals of the coin is good, we need PR. Scenario 1: Already big exchange like MintPal or Cryptsy bought a shitload of SUM at current cheap price, they list the coin, volume & price raise and there by dev gets enthusiastic and work on betterment of coin. Scenario 2: Dev and community need to work hard on PR, then big exchanges list it.

Working POS is not a good news, because it was supposed to work since from start.

There is no way scenario 1 would happened, they don't bother doing that, big exchanges only add coins with previous high trading volume. Look at most recent added coins on Mintpal, i remember Asiacoin was having 200+ BTC every day on Bittrex and Poloniex before it was adopted by Mintpal. SUM has only 2 BTC volume last 24 hours.

[coins101]

If we want SUCCES for this coin, then we need more MULTIPOOLS.
If we are short in multipools, then after staking period is over, everyone will try to sell his own coins,
and if there is no one (like multipool) , who will buy those selling coins,
the price will drop to "0" and our summer coin will be delisted from Bittrex and or other stock markets.
Eventually we will left over with worthless coins in our wallets.

So someone must do something or we are all scrued.

Yeah it's a waiting poker game, once someone decides they made enough percentage gain they will cash out and everyone will follow.
How long until someone bottles it? I think some already have 21%... perhaps more. Remember that interest is compounded. You are likely to be left with worthless coins before the 10% daily interest is up, doubt everyone will hold until the end but if they do then it's a mad dash to the finish line (flatline i.e. ZERO).

it costs almost nothing to keep this coin staked. keeping wallet open while mining in mulitpools for other coins which pays out in SUM is all profit.

these people just want to buy up cheap coins.

[UltraMegaMan]

If we want SUCCES for this coin, then we need more MULTIPOOLS.
If we are short in multipools, then after staking period is over, everyone will try to sell his own coins,
and if there is no one (like multipool) , who will buy those selling coins,
the price will drop to "0" and our summer coin will be delisted from Bittrex and or other stock markets.
Eventually we will left over with worthless coins in our wallets.

So someone must do something or we are all scrued.

Yeah it's a waiting poker game, once someone decides they made enough percentage gain they will cash out and everyone will follow.
How long until someone bottles it? I think some already have 21%... perhaps more. Remember that interest is compounded. You are likely to be left with worthless coins before the 10% daily interest is up, doubt everyone will hold until the end but if they do then it's a mad dash to the finish line (flatline i.e. ZERO).

it costs almost nothing to keep this coin staked. keeping wallet open while mining in mulitpools for other coins which pays out in SUM is all profit.

these people just want to buy up cheap coins.

What is your point? The scenario still plays out, after 7 days of 10% compounded interest some will have nearly double the amount they started with. You know how compounding works? Even without compounding it's a straight up gamble of who will cash out first. Who wants to buy a coin that could be shat all over at a moment's notice?