[ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes

[Specialkey]

Hope everybody comes back mine again:-)

What 's the profit like? Can anybody tell this?

At the current price it is about half as profitable as mining litecoin.

52% to be exact

It is along term investment. When the coins are mined they have one year 20% POS; then 5% and 3,65 % for the further years.

I know, that is why I'm mining it.  I was just answering his question.

Hehehe. I know that you just explained the situation atm.

and sorry I made a mistake first year 20 %; second 10%; third 5 % and then 3,65 for further years.

atm horrible.hahaha. but good for us my friends;-) for mining;-)

[emrcan]

Why is it so dropped the price?

[drm]

dev hasn't been active (within the community at least), we're still waiting for a clarification..
if he comes back at all

[Specialkey]

Come on people a little more activity please

[cryptoba]

We have gone pass Block 6000
...4000 more to go with beautiful diff., and then POS 20% for first year !

  have fun mining !

[Halofire]

I don't undersand what this mean exactly 14 Days Min/28 Days Max Stake ?

When yours coin are 14 Days in yours wallet they stake and after 28 Days in your wallet they don't Stake ?

No, 14 days until your coins are able to be staked, then they keeping gaining weight against the network until day 28, at which point the coins become at their maximum weight and won't pay any higher for as long as it takes to stake, until they stake and reset the coin age.

For example (not actual values):
day 1 coin = no stake
day 14 = able to stake, network weight 0, payout percent something like (20/365)x1 day's weight(dw)
day 15 = able to stake, if didn't stake before this day: network weight 1, payout percent something like [(20/365)x2dw]x staked coins
day 20 = able to stake, if didn't stake before this day: network weight 6, payout percent something like [(20/365)x6dw]x staked coins
day 28 = able to stake, if didn't stake before this day: network weight 14, payout percent something like [(20/365)x15dw]x staked coins
day 29 = able to stake, if didn't stake before this day: network weight 14, payout percent something like [(20/365)x15dw]x staked coins
day infinity = same as day 29
Once they stake and finish confirms, the coins go back to day 1.
To clarify, network weight figures I used in example are 100% incorrect values, but the principle is the same. There is also the time factor, I'm using whole days, but staking can occur at, say, Hour 25 or 7 or 39.5, etc etc.

This just an example, and I know this not 100% accurate, there are other factors like different bunches of different aged coins, but this is the easiest way to try to explain PoS, imo.

[RoyalSands]

The price is recovering nicely.

[Halofire]

Thing is, we really don't need a dev. If this coin's PoS works correctly and there is no fork during PoW, pretty much self sustaining coin. It doesn't need all the crap the other coins have. Just a basic savings account with awesome interest. No casino. No merchants. No publicity. This could be a secret savings club. Since we don't have a dev who speaks (he isn't inactive, he is online), this coin won't make it to mintpal or poloniex. I don't think their standards won't allow it, no matter the volume. So as it stands, OC is destined to stay on a minor exchange, a back door secret savings account....
It could work. OC IS still a functioning coin.

Or it could sink because it doesn't have the major exchanges. Everything is a double edged sword. Who knows.

Also, you know the dev is reading all of our comments, so as long I see him online, I'm ok. It would be nice for him to say hi, but it's not necessary until after PoW, imo. Secrecy is working in our favor, miners.

[pseudonymdude]

Yeah.  I'm hoping dev is mining away.  The coin's value is so low because of what happened with ASIA and White.  I'm not sure if 100x will happen, but $300,000 - $500,000 or 30x - 50x is certainly possible.

Thing is, we really don't need a dev. If this coin's PoS works correctly and there is no fork during PoW, pretty much self sustaining coin. It doesn't need all the crap the other coins have. Just a basic savings account with awesome interest. No casino. No merchants. No publicity. This could be a secret savings club. Since we don't have a dev who speaks (he isn't inactive, he is online), this coin won't make it to mintpal or poloniex. I don't think their standards won't allow it, no matter the volume. So as it stands, OC is destined to stay on a minor exchange, a back door secret savings account....
It could work. OC IS still a functioning coin.

Or it could sink because it doesn't have the major exchanges. Everything is a double edged sword. Who knows.

Also, you know the dev is reading all of our comments, so as long I see him online, I'm ok. It would be nice for him to say hi, but it's not necessary until after PoW, imo. Secrecy is working in our favor, miners.

[Specialkey]

I think too that the dev is mining like hell:-) The coin has a good potential and it will go really up in POS;-)

[Rocou]

No Mac wallet = Scam

(Coingenerator...)

[b0oMeR]

No Mac wallet = Scam

(Coingenerator...)

There is a mac wallet. Its the last wallet listed.

[coinminer979]

does the coin ride on the rockit the moon when pow is over?

[Specialkey]

does the coin ride on the rockit the moon when pow is over?

When POS works fine it will do.

[Specialkey]

No Mac wallet = Scam

(Coingenerator...)

There is a mac wallet. Its the last wallet listed.

Yes I have a mac wallet and you find it in ths thread as a post.

[akkawa]

Where a dev?
Very interested future of the coin.

[Specialkey]

Dear Miners

mine what you can. This is great chance to get involved in the best POS cencept.

greets from Berlin

[Halofire]

Another bonus with OC: Troll-free thread!

[Specialkey]

Another bonus with OC: Troll-free thread!

Hahaha. You are right:-) First troll-free thread. hahaha

[Specialkey]

Difficulty 8 very good chance now. We have only abot 3500 blocks then is POS with great rates.