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

[Strugg]

We have another one multipool, nice!   Now we need to make SummerCoin more popular! If You didn't do it yet please:
We need to get on BIG exchange! That will be a great boost for SUM, the price and volume will rise
I have already wrote to Bter, Cryptsy and Mintpal, You should do it too! 

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[battbot]

After the  WC/AC premine scams, I'm surprised all you kids are so positive on yet another PoW/PoS premined coin, probably to follow in the same path as WC/AC.  

I suppose if kids never learn, scammers will keep on scammin'

[coins101]

We have another one multipool, nice!   Now we need to make SummerCoin more popular! If You didn't do it yet please:
We need to get on BIG exchange! That will be a great boost for SUM, the price and volume will rise
I have already wrote to Bter, Cryptsy and Mintpal, You should do it too! 

If you want support - make summercoin a twitter coin. promote it through that.

Brazil world cup is coming. sponsor some brazilian beach babe's butt.

Why SummerCoin?

So, I've been thinking about this.

Its always summer, somewhere in the world.

We should have a monthly draw to send one lucky person somewhere for two weeks summer holiday.  They need to:

1. Show they hold a minimum of, say, 0.1 BTC of SUM
2. Have had SUM for a minimum of x days, say 30 days.
3. have tweeted about summercoin once over the 30 Days

someone can do a random pick of an address.

To pay for the summer vacations -

Donations from x% of the mining rewards. This means everyone contributes - which means that those with little don't contribute more as a percentage than those with more.

Why?  It creates buying pressure. People need to buy in order to go into the random draw.

The first holiday might have to wait until there is enough $ to make it happen.

[joee]

Now i only concern if the developer will keep 20 coin per block after 10,000 blocks
if he keep, the coin is dead,
if he don't, this coin is good,
can anyone know code look at the source?

Only for the first 10000 blocks.

You can check the block explorer:
For example block 5000:
see the first row of the transactions, 1500 coins are generated, 1480 go to blockfinder wallet and 20 to dev wallet.

If you check the blocks > 10000 you will only find small amounts of generated coins (PoS) and nothing going to dev wallet.

For example block 16095:
1.69758734 SUM are generated and paid as fee to the blockfinder.

[milan74]

Now i only concern if the developer will keep 20 coin per block after 10,000 blocks
if he keep, the coin is dead,
if he don't, this coin is good,
can anyone know code look at the source?

Only for the first 10000 blocks.

You can check the block explorer:
For example block 5000:
see the first row of the transactions, 1500 coins are generated, 1480 go to blockfinder wallet and 20 to dev wallet.

If you check the blocks > 10000 you will only find small amounts of generated coins (PoS) and nothing going to dev wallet.

For example block 16095:
1.69758734 SUM are generated and paid as fee to the blockfinder.


That said, i think in future it would be better to ask the FUDsters for proof of their lame accusations instead of asking dev to justify himself for nothing.

thx for reply, this is good for summercoin, i hope when 10% pos per day, the 20 coin will not pop up.

also, i suppose the summercoin don't have the hidden premine block

lets give some respect to the developer.

[Newwsr]

Portfolio online 24 hours still nothing POS

[milan74]

Portfolio online 24 hours still nothing POS

You need to put summercoin.conf to your app file

[bcd]

@Dev - Summercoin

Can you update your original post if you have the block explorer and with better presentation?

[Newwsr]

Portfolio online 24 hours still nothing POS

You need to put summercoin.conf to your app file

I did not friend

[snortex]

Portfolio online 24 hours still nothing POS

You need to put summercoin.conf to your app file

This is not needed. It is working fine for me without a conf file.

24 hour is a minimal time for coins to mature and start stacking, but this does not mean you will get a stake reward right after 24 hours.
Do you have a green arrow in your wallet? if it is green then your POS is working. If your hover your mouse over this POS icon you will get an estimated time when you will get a POS reward. POS is similar to mining, finding blocks, this is not paying your interest every 24 hours at the same time, but you should get it sooner or later.

[Newwsr]

Portfolio online 24 hours still nothing POS

You need to put summercoin.conf to your app file

This is not needed. It is working fine for me without a conf file.

24 hour is a minimal time for coins to mature and start stacking, but this does not mean you will get a stake reward right after 24 hours.
Do you have a green arrow in your wallet? if it is green then your POS is working. If your hover your mouse over this POS icon you will get an estimated time when you will get a POS reward. POS is similar to mining, this is not paying your interest every 24 hours at the same time, but you will get it sooner or later.

friend did this for me here 121 days for payment must somehow be faster kkkkkkk

[wasamata]

After the  WC/AC premine scams, I'm surprised all you kids are so positive on yet another PoW/PoS premined coin, probably to follow in the same path as WC/AC.  

I suppose if kids never learn, scammers will keep on scammin'

Shall I address you as kid, boy, girl or would that just be too patronizing? What the hell.
As a matter of fact, kid, if you had bothered to read the front page, this is not a premine!
Check block explorer before you go spouting off naive BS on the next thread.
In saying that, your references to WC/AC are therefore irrelevent.
Do you get it now, kid?

[peteycamey]

pos still doesnt work

[taxli]

pos still doesnt work

10% POS FROM BLOCK 17000 TO 30000

[bcd]

pos still doesnt work

10% POS FROM BLOCK 17000 TO 30000

True. Current block  = 16488

[gpuminer]

pos still doesnt work

pos works , if not , can u explain why block count are increasing by the minute  ? U mean there is someone doing pow ?

[Timsteve]

pos still doesnt work

10% POS FROM BLOCK 17000 TO 30000

True. Current block  = 16488

Wow. 10% POS is nice. Happy to see so many ppl are like it.

[GREEDYJOHN]

pos still doesnt work

10% POS FROM BLOCK 17000 TO 30000

True. Current block  = 16488

Wow. 10% POS is nice. Happy to see so many ppl are like it.

We have 22500 seconds to go! JUST OVER 6 HOURS LEFT!

[MaxOnBit]

pos still doesnt work

10% POS FROM BLOCK 17000 TO 30000

True. Current block  = 16488

Wow. 10% POS is nice. Happy to see so many ppl are like it.

17000 to 30000 ?

Stake interest: First week: Nominal Stake Interest: 1% per Year, block 13441 to 26880: Nominal Stake Interest: 10% Daily, day 26881 to 86400: Nominal Stake Interest: 1% Daily, First year - 10%, second year - 5%, third year goes on - 2%

10% Daily is VERY NICE!

[gpuminer]

Summer coin is the first x11 coin to do PoS. Badger coin is still doing pow so its not the first. Being the first is rewarding.