[AC] AsiaCoin | Pure PoS | 100% Interest

[Scrappy Do]

Maestro,

 I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?

[CryptoSteam]

Sent another 1K AC to the faucet. Grab your AsiaCoins!

http://www.cryptoarrow.com/faucets/asiacoin/index.php

[CryptoSteam]

Maestro,

 I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?

If you have the new version of the wallet, you will have to be patient. I've received stakes no problem. It takes 2 weeks for the stake to happen.

[slavo]

Maestro,

 I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?

"proof-of-stake" : 0.00296347,

high diff = need more luck / time i suppose ?

[CryptoSteam]

Maestro,

 I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?

"proof-of-stake" : 0.00296347,

high diff = need more luck / time i suppose ?

You are correct, slavo.

[MinerBay]

https://i.imgur.com/U8uLZ0E.png

[MinerBay]

https://i.imgur.com/vjsGRIg.jpg

[ORiN]

Not sure if mine works. I decided to go with the Komodo dragon, exclusive to Asia.

[CryptoSteam]

Love the memes by ORiN and MinerBay!

In the meanwhile, vote for us at:

https://www.coinpayments.net/vote

[usao]

Maestro,

 I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?

"proof-of-stake" : 0.00296347,

high diff = need more luck / time i suppose ?

You are correct, slavo.

If interest is fixed for the first 2 months at 100%APR, what does luck have to do with anything?
Shouldn't we just received a fixed amount at exactly 14 days past coin birthday?

[bittcoinn]

MVI @MVI_00 · 2h

I just cancelled my 1.2 BTC buy order on #mintpalexchange and got back 1200 BTC!  Jackpot!  Later SUCKERS!

CryptoFlips @CryptoFlips · 2h

u all seeing this #BC madness on #mintpalexchange ?

[bittcoinn]

Sh*t Crypto ppl say @CryptoTrollBox 
 ·
 1h 

"hey i accidently got 103 btc extra on mint pal”

MVI @MVI_00 · 2h

I just cancelled my 1.2 BTC buy order on #mintpalexchange and got back 1200 BTC!  Jackpot!  Later SUCKERS!

CryptoFlips @CryptoFlips · 2h

u all seeing this #BC madness on #mintpalexchange ?

blackcoin allegedly killed cryptorush already

[Maestro1]

Maestro,

 I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?

"proof-of-stake" : 0.00296347,

high diff = need more luck / time i suppose ?

You are correct, slavo.

If interest is fixed for the first 2 months at 100%APR, what does luck have to do with anything?
Shouldn't we just received a fixed amount at exactly 14 days past coin birthday?

There is no fixed interest in PoS (and using the word 'interest' is wrong), and using banking terms is also wrong. PoS staking is not the same as the interest you get from a bank.

Read:

Guys, about staking.

PoS (and PoW) are stochastic processes, it means there's a certain element of luck involved. If you see other PoS coin threads, the same questions has been continuously asked. PoS staking is like PoW mining, it's not a bank-style interest rate, it's a competition between minters to stake a block so the more people stake, the less likely it will be to find a block quickly. You can see the PoS difficulty by using the getdifficulty command from the debug console.

The stake rate (for all coins) refers to the amount of staking you receive when a mature block of coins that you have is staking another block, and the time it takes to stake it.

For example, if you have a block of 1000 AC with mature coins staking, and it takes 10 days to mint a new block, your old 1000 AC block is destroyed and you will get two payments in smaller blocks, each around 513.5 AC, adding to 1027 AC, or a 2.7% increase in 10 days, which is the same as 100% increase in a year. Once this happens, the new block age will be zero.

This is basically how PoS works. If you have a larger staking block, it will mint a block sooner (maybe within minutes of starting to stake), if you have a smaller one, it will take longer, maybe many days but your interest rate is calculated by the amount it took to stake the block. There are lots of PoS articles out there that explain this in detail.

[Maestro1]

Maestro,

 I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?

You've been unlucky I guess (so have I, I'm in the same ship as you are). If you give me the address you hold your AC (here or PM), I can look it up in the block explorer to see if there is something wrong there.

[coin-swap]

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Ian

[ORiN]

Maestro,

 I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?

"proof-of-stake" : 0.00296347,

high diff = need more luck / time i suppose ?

You are correct, slavo.

If interest is fixed for the first 2 months at 100%APR, what does luck have to do with anything?
Shouldn't we just received a fixed amount at exactly 14 days past coin birthday?

Luck is definitely involved. Sometimes, I have staked for 3 days in a row as well as having to wait 4 days for a stake.

[bittcoinn]

whitecoin volunteer list has 27 names

all hard workers

http://whitecoin.info/news/about/volunteers/

long volunteers list for sure makes very good impression for anyone considering investing in WC

during lows to 100 satoshi two days ago very big percentage of whitecoins changed hands ( into whale hands ? )

mintpal has now 44 million whitecoins few day ago had 60 million

http://www.richlist.eu/whitecoin

as of Asiacoins mintpal has only 10.02 million now ( AC much less traded )

someone spiked Whitecoin on cryptsy to 600 yesterday ( a whale signal ? )

seems WC getting ready for some pumps now

[mrdennis86]

Party-time

[CapSER2.0]

The counterattack! JOJO

[CapSER2.0]

Party-time

<:9