[ANN] [SFR] SaffronCoin | Latest Version - 1.4.2/2.6.2 | Mandatory Wallet Update

[saffroncoin]

My apologies devs and community. Couldnt contain myself anymore, my mistake.

In the meantime, looking forward to the Mobile PreCharge release. Im hoping I can somehow use it with a prepaid service here in the states. If anybody has more information on which companies/carriers it will work with, please let me know.

Np mate. Trying a lot to find some APIs for Virgin Mobile in the states but can't find one. Hopefully sometime later we find some services that we can integrate.

[xamido]

The next wallet release will be in about 15 hours time. About 8-9am EST.


Another thing I would like to ask u all is do u want to use SFRPay for buying Bitcoin too? I have heard many people complaining that coinbase takes 4 days to issue BTC. I spoke with Unocoin founder today about such an issue. He was quite shocked that they take so long when Unocoin themselves provide BTC in just a few hours.

Do let me know folks!

Yes, though it depends on the rate.

Right now for people like me who don't like to wait, i use virwox to get BTC with paypal since it's instantaneous. But if SFRPay can offer better rates, it will be really great. You'll be getting a lot of purchases and profit.

[saffroncoin]

The next wallet release will be in about 15 hours time. About 8-9am EST.


Another thing I would like to ask u all is do u want to use SFRPay for buying Bitcoin too? I have heard many people complaining that coinbase takes 4 days to issue BTC. I spoke with Unocoin founder today about such an issue. He was quite shocked that they take so long when Unocoin themselves provide BTC in just a few hours.

Do let me know folks!

Yes, though it depends on the rate.

Right now for people like me who don't like to wait, i use virwox to get BTC with paypal since it's instantaneous. But if SFRPay can offer better rates, it will be really great. You'll be getting a lot of purchases and profit.

Rates would be what Unocoin provide. But BTC won't be transferred as fast as SFR. It would take a few hours.

[xamido]

Rates would be what Unocoin provide. But BTC won't be transferred as fast as SFR. It would take a few hours.

I don't mind waiting, as long as their rates are better. I prefer paypal than typing my credit card number on another website to purchase btc.

For rate comparison, yesterday i use 150$ to get btc on virwox and only get 0,266.

[IMJim]

I would think if the rates were on par with Coinbase then people would use this feature heavily, it is quite annoying waiting so long for BTC!

[saffroncoin]

I would think if the rates were on par with Coinbase then people would use this feature heavily, it is quite annoying waiting so long for BTC!

I just checked. If we include this through Unocoin, then to buy 1 BTC it would cost about $512. Currently on coinbase it is $486. So that would cost $26 more. Quite a bit. But BTC can be received in about 6-8 hrs. But not sure if that $26 is worth the time to wait.

[IMJim]

I would think if the rates were on par with Coinbase then people would use this feature heavily, it is quite annoying waiting so long for BTC!

I just checked. If we include this through Unocoin, then to buy 1 BTC it would cost about $512. Currently on coinbase it is $486. So that would cost $26 more. Quite a bit. But BTC can be received in about 6-8 hrs. But not sure if that $26 is worth the time to wait.

Hmmm, that makes for a tough call hah.  I would think with the impatience that seems to infect most in the crypto scene, that some would use this on occasion even with the heavier price, but being more expensive will definitely lesson it's use.  I don't know, that's a tough one for me.

[cryptoholic11]

My apologies devs and community. Couldnt contain myself anymore, my mistake.

In the meantime, looking forward to the Mobile PreCharge release. Im hoping I can somehow use it with a prepaid service here in the states. If anybody has more information on which companies/carriers it will work with, please let me know.

Np mate. Trying a lot to find some APIs for Virgin Mobile in the states but can't find one. Hopefully sometime later we find some services that we can integrate.

That would be awesome

[pitbullfan]

I like the multi function wallet a lot. Will there be some enhancements to the trading functionality in the near future? This is the only part of the wallet i thought could be implemented a little better. Other than that, great job so far.

[HR]

Just a heads up and a word to the wise. I've come across some very suspect activity on the part of Crypto Hunger's DGB groestl pool payout management. It was quite easy to flush out given Crypto Hunger's extremely high hashrate in a very newly created algo environment, but since it would not be as easily discovered in a more balanced and mature mining network, I thought it best to bring it to your attention . . . given that if it happened once, it probably has happened before (and/or is still happening).

This is the post documenting the discovery with all the necessary links to confirm this very inflammatory data. (BTW, his response was that he is "not going to explain anything", and you can see his entire post later in the same thread, as well as the serendipitous issues that led to this discovery earlier on, also in that same thread.)

srcxxx,

Quick question that I hope you can clarify: all subsidies for blocks found on your pool ( http://cryptohunger.com:81/ ) have had 25% taken right off the top and sent to another address. What is the reason for that?

Here's the block explorer summary for Newly Generated Coins for blocks found by Crypto Hunger:
http://insight.dgb.cryptopoolmining.com/block/dd1f60e865d52fdc02561af3a5367d70a55ff51e9ed76eaae11fb620e38c4faa

As can be easily seen, there are two payout addresses:

D96y4y74NUegfYJ8yn9chxbPLrRiypCF6V
and
DBy3212dWAPPzPcyt5fSSchjyozyr5ejLw

When one follows the "money trail", one sees that there are indeed multiple payouts to multiple addresses (miner payouts) for D96y4y74NUegfYJ8yn9chxbPLrRiypCF6V .

HOWEVER, the other address, DBy3212dWAPPzPcyt5fSSchjyozyr5ejLw , has ONLY re-SENT coins to ONE address for a total of just over a million DGB and it also still has a current balance of just under another 3/4 of a million DGB!
http://insight.dgb.cryptopoolmining.com/address/DBy3212dWAPPzPcyt5fSSchjyozyr5ejLw

The address that has received the one million DGB, DRykTe2nXZpSX1KytPXjvPhGfCAXb4ZBM6 , has also received DGB from other addresses, has only sent 128,100 DGB and has a current account balance of 1,371,300.
http://insight.dgb.cryptopoolmining.com/address/DRykTe2nXZpSX1KytPXjvPhGfCAXb4ZBM6

That all means that, in less than four days, from Newly Generated Coins on Crypto Hunger, around 1.75 million DGB, or roughly 25% of subsidies, have NOT gone to miner payouts, but are currently "parked" in two separate accounts.

What's the purpose for this?

Just out of curiosity.

[IMJim]

Hopefully if this is true, this pool will be removed from the OP!

I can't say as I fully understand what all you posted, but this is some seriously shady stuff if this pool OP is stealing off the top of his miner's efforts!

[chickenfried12]

  Why is the Unocoin price so much higher? I suppose I would still use for small purchases if I wanted less than 0.25 so I could get more quickly. I was using Coinbase Instantaneous purchases but now they want your Firstborn in exchange for instant purchases.

[saffroncoin]

Guys check out this nice video by Bitcoin Rush. He has explained all the basics of SaffronCoin and partnerships with Unocoin :  http://youtu.be/sscAkohCvQQ

[xamido]

Dev, here's the thing. SFRPay will be used by people outside US who only have paypal, so we don't mind the extra cost. Like my previous comparison:

If i spend 150$ on virwox i only get 0.266. But if i spend 150$ on SFRPay i can get 0.292.

The market of SFRPay is not people in US who can use coinbase, it's for people outside US. Especially people like me who live in asia. I cannnot use coinbase because the service is not available in my country. That's why you should go ahead with the plan.

[cryptoholic11]

Guys check out this nice video by Bitcoin Rush. He has explained all the basics of SaffronCoin and partnerships with Unocoin :  http://youtu.be/sscAkohCvQQ

Great publicity. He might have to have episodes on SFR every week considering all the features that are about to drop.

[saffroncoin]

Dev, here's the thing. SFRPay will be used by people outside US who only have paypal, so we don't mind the extra cost. Like my previous comparison:

If i spend 150$ on virwox i only get 0.266. But if i spend 150$ on SFRPay i can get 0.292.

The market of SFRPay is not people in US who can use coinbase, it's for people outside US. Especially people like me who live in asia. I cannnot use coinbase because the service is not available in my country. That's why you should go ahead with the plan.

That's great! It is about providing comfort to everyone and about making sure that many use this because a lot of resources will be put into it. Since you would get lesser through Virwox, this method could be cheaper and faster to those residing outside US.

[torpedo]

Great coin, all the features makes it a future diamond that will shine bright. Will have to test all of those features soon.

[saffroncoin]

Great coin, all the features makes it a future diamond that will shine bright. Will have to test all of those features soon.

It would take quite a while 

[torpedo]

Great coin, all the features makes it a future diamond that will shine bright. Will have to test all of those features soon.

It would take quite a while 

i'll get on it during a weekend and see how it turns out but the way things goes, when i'll find a w-e to do it, 2-3 more features will be added 

[saffroncoin]

A SaffronCoin Twitter Tip Bot is created - https://twitter.com/SFRTipbot

To use the commands, tweet, @SFRTipbot "command"

The commands are :

help: list commands
balance: displays wallet balance
deposit: displays address
tip @user amount
withdraw address: withdraws balance to address