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Wulfcastle
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June 07, 2014, 02:06:34 PM |
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Great. Thanks for your help Wulfcastle!
No problem bud, and as fusion said, remember to have backup pools in case one goes down. |
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boestin
Legendary
 Offline
Activity: 1092
Merit: 1000
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June 07, 2014, 02:11:02 PM |
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Hi Devs,
Love your coin. Perhaps this question was asked before, but why did you guys plan the hardfork. I saw on page 1 there was a reduce of 15 million coins in stage 3? Does that affect the absolute total?
Thanks,
Boestin
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Wulfcastle
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June 07, 2014, 02:26:24 PM |
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Hi Devs,
Love your coin. Perhaps this question was asked before, but why did you guys plan the hardfork. I saw on page 1 there was a reduce of 15 million coins in stage 3? Does that affect the absolute total?
Thanks,
Boestin
We reduced the block reward in the best interests of the community. If you look through the thread you'll find numerous posts which ask for the block reward to be reduced for the 2nd PoW phase and a few even wanting to scrap it altogether. We compromised and reduced the block reward to 2500 from 5000, limiting the dumping from multipools in the process as well as appeasing both our current community and the miners who will be mining during the 2nd PoW phase. With regards to the total coin supply, it now means that after the 2nd PoW phase there will be around 45 Million SC instead of 60 Million. |
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Grifftech
Newbie
Offline
Activity: 56
Merit: 0
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June 07, 2014, 02:58:31 PM |
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Hi Devs,
Love your coin. Perhaps this question was asked before, but why did you guys plan the hardfork. I saw on page 1 there was a reduce of 15 million coins in stage 3? Does that affect the absolute total?
Thanks,
Boestin
We reduced the block reward in the best interests of the community. If you look through the thread you'll find numerous posts which ask for the block reward to be reduced for the 2nd PoW phase and a few even wanting to scrap it altogether. We compromised and reduced the block reward to 2500 from 5000, limiting the dumping from multipools in the process as well as appeasing both our current community and the miners who will be mining during the 2nd PoW phase. With regards to the total coin supply, it now means that after the 2nd PoW phase there will be around 45 Million SC instead of 60 Million. A large chunk of my coins went into staking, how do I get them back to the balance to become available? The price of SC has gone up enough for me to sell and make enough to buy back in and increase the amount of SC I have. But can't do that with a large portion of it staking. |
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Quantum12
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June 07, 2014, 03:05:32 PM |
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Hi Devs,
Love your coin. Perhaps this question was asked before, but why did you guys plan the hardfork. I saw on page 1 there was a reduce of 15 million coins in stage 3? Does that affect the absolute total?
Thanks,
Boestin
We reduced the block reward in the best interests of the community. If you look through the thread you'll find numerous posts which ask for the block reward to be reduced for the 2nd PoW phase and a few even wanting to scrap it altogether. We compromised and reduced the block reward to 2500 from 5000, limiting the dumping from multipools in the process as well as appeasing both our current community and the miners who will be mining during the 2nd PoW phase. With regards to the total coin supply, it now means that after the 2nd PoW phase there will be around 45 Million SC instead of 60 Million. A large chunk of my coins went into staking, how do I get them back to the balance to become available? The price of SC has gone up enough for me to sell and make enough to buy back in and increase the amount of SC I have. But can't do that with a large portion of it staking. you cannot do it retrospectively you can tell the wallet to not stake a certain amount of coins and they will remain spendable in balance.. SETTINGS....MAIN....'reserve' type the number of coins you DO NOT wish to stake here Your coins get returned pretty quickly so they should go back to your balance soon anyway |
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Grifftech
Newbie
Offline
Activity: 56
Merit: 0
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June 07, 2014, 03:11:24 PM |
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Hi Devs,
Love your coin. Perhaps this question was asked before, but why did you guys plan the hardfork. I saw on page 1 there was a reduce of 15 million coins in stage 3? Does that affect the absolute total?
Thanks,
Boestin
We reduced the block reward in the best interests of the community. If you look through the thread you'll find numerous posts which ask for the block reward to be reduced for the 2nd PoW phase and a few even wanting to scrap it altogether. We compromised and reduced the block reward to 2500 from 5000, limiting the dumping from multipools in the process as well as appeasing both our current community and the miners who will be mining during the 2nd PoW phase. With regards to the total coin supply, it now means that after the 2nd PoW phase there will be around 45 Million SC instead of 60 Million. A large chunk of my coins went into staking, how do I get them back to the balance to become available? The price of SC has gone up enough for me to sell and make enough to buy back in and increase the amount of SC I have. But can't do that with a large portion of it staking. you cannot do it retrospectively you can tell the wallet to not stake a certain amount of coins and they will remain spendable in balance.. SETTINGS....MAIN....'reserve' type the number of coins you DO NOT wish to stake here Your coins get returned pretty quickly so they should go back to your balance soon anyway thank you sir |
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Grifftech
Newbie
Offline
Activity: 56
Merit: 0
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June 07, 2014, 03:32:42 PM |
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Hi Devs,
Love your coin. Perhaps this question was asked before, but why did you guys plan the hardfork. I saw on page 1 there was a reduce of 15 million coins in stage 3? Does that affect the absolute total?
Thanks,
Boestin
We reduced the block reward in the best interests of the community. If you look through the thread you'll find numerous posts which ask for the block reward to be reduced for the 2nd PoW phase and a few even wanting to scrap it altogether. We compromised and reduced the block reward to 2500 from 5000, limiting the dumping from multipools in the process as well as appeasing both our current community and the miners who will be mining during the 2nd PoW phase. With regards to the total coin supply, it now means that after the 2nd PoW phase there will be around 45 Million SC instead of 60 Million. A large chunk of my coins went into staking, how do I get them back to the balance to become available? The price of SC has gone up enough for me to sell and make enough to buy back in and increase the amount of SC I have. But can't do that with a large portion of it staking. you cannot do it retrospectively you can tell the wallet to not stake a certain amount of coins and they will remain spendable in balance.. SETTINGS....MAIN....'reserve' type the number of coins you DO NOT wish to stake here Your coins get returned pretty quickly so they should go back to your balance soon anyway How long do you think? Still waiting and the price is up even more and would like to sell and rebuy on the next down leg to get more SC |
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Quantum12
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June 07, 2014, 03:36:21 PM |
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Hi Devs,
Love your coin. Perhaps this question was asked before, but why did you guys plan the hardfork. I saw on page 1 there was a reduce of 15 million coins in stage 3? Does that affect the absolute total?
Thanks,
Boestin
We reduced the block reward in the best interests of the community. If you look through the thread you'll find numerous posts which ask for the block reward to be reduced for the 2nd PoW phase and a few even wanting to scrap it altogether. We compromised and reduced the block reward to 2500 from 5000, limiting the dumping from multipools in the process as well as appeasing both our current community and the miners who will be mining during the 2nd PoW phase. With regards to the total coin supply, it now means that after the 2nd PoW phase there will be around 45 Million SC instead of 60 Million. A large chunk of my coins went into staking, how do I get them back to the balance to become available? The price of SC has gone up enough for me to sell and make enough to buy back in and increase the amount of SC I have. But can't do that with a large portion of it staking. you cannot do it retrospectively you can tell the wallet to not stake a certain amount of coins and they will remain spendable in balance.. SETTINGS....MAIN....'reserve' type the number of coins you DO NOT wish to stake here Your coins get returned pretty quickly so they should go back to your balance soon anyway How long do you think? Still waiting and the price is up even more and would like to sell and rebuy on the next down leg to get more SC i dont know m8 , not sure on exactly how it works just i noticed mine get returned quick , why so eager to dump? this might be the cheapest ever :p look at buy support compared to Sellers .. u might be glad in an hour when the wallet wouldn't give you your coins |
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blade87
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June 07, 2014, 03:41:17 PM |
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I can't wait for the next PoW phase.  |
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Wulfcastle
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June 07, 2014, 03:44:28 PM |
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Hi Devs,
Love your coin. Perhaps this question was asked before, but why did you guys plan the hardfork. I saw on page 1 there was a reduce of 15 million coins in stage 3? Does that affect the absolute total?
Thanks,
Boestin
We reduced the block reward in the best interests of the community. If you look through the thread you'll find numerous posts which ask for the block reward to be reduced for the 2nd PoW phase and a few even wanting to scrap it altogether. We compromised and reduced the block reward to 2500 from 5000, limiting the dumping from multipools in the process as well as appeasing both our current community and the miners who will be mining during the 2nd PoW phase. With regards to the total coin supply, it now means that after the 2nd PoW phase there will be around 45 Million SC instead of 60 Million. A large chunk of my coins went into staking, how do I get them back to the balance to become available? The price of SC has gone up enough for me to sell and make enough to buy back in and increase the amount of SC I have. But can't do that with a large portion of it staking. you cannot do it retrospectively you can tell the wallet to not stake a certain amount of coins and they will remain spendable in balance.. SETTINGS....MAIN....'reserve' type the number of coins you DO NOT wish to stake here Your coins get returned pretty quickly so they should go back to your balance soon anyway How long do you think? Still waiting and the price is up even more and would like to sell and rebuy on the next down leg to get more SC i dont know m8 , not sure on exactly how it works just i noticed mine get returned quick , why so eager to dump? this might be the cheapest ever :p Buy support has increased by 5 BTC in less than 30 minutes. There's quite a bit of support at 2500 Satoshis and above. This all indicates that market demand is rising, and people are looking to enter the market. This will only increase with the amount of exposure from the second PoW phase. A 2 BTC sell just occurred on Poloniex and dropped the price to 2700 Satoshis, within minutes another 1.5 BTC worth of buy orders appeared above 2800 Satoshis, that in itself shows how great the demand is getting. |
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onecent
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June 07, 2014, 03:52:57 PM |
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SC to da moon |
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Zukii
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June 07, 2014, 04:09:03 PM |
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I created silkcoin.conf file with the nodes in 1st post but my wallet has 0 connections.
Any ideas?
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hiddensphinx
Legendary
Offline
Activity: 1457
Merit: 1001
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June 07, 2014, 04:53:28 PM |
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i have 5 MH/s scrypt miner ready for the next SC POW phase
when do we start?
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arguelles84
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June 07, 2014, 04:55:09 PM |
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Is the price dip expected after POW or during?
This coin has such a great team behind it, the potential is just huge.
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enetac
Newbie
Offline
Activity: 54
Merit: 0
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June 07, 2014, 04:59:46 PM |
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Is the price dip expected after POW or during?
This coin has such a great team behind it, the potential is just huge.
YES |
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xuser
Member
Offline
Activity: 79
Merit: 10
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June 07, 2014, 06:47:14 PM |
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i think this is the best wallet in crypto
where is a good pool for 2. pow?
i am mining only 600 coins, because i late start mining in first pow
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arguelles84
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June 07, 2014, 07:14:13 PM |
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Is the price dip expected after POW or during?
This coin has such a great team behind it, the potential is just huge.
New miners mean more exposure but the extra supply may cancel that out or overwhelm the market. The dev's bring new updates and features every week so It also depends what they announce during the next phase. OK. But typically, does the extra supply saturate the market usually during the POW phase, or just right after? |
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Quantum12
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June 07, 2014, 07:25:59 PM |
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Well done all 13th ! Getting so close!
keep voting , we will be 9th in no time!
VOTE FOR US .. !! Please!  |
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Quantum12
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June 07, 2014, 07:38:59 PM |
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Is the price dip expected after POW or during?
This coin has such a great team behind it, the potential is just huge.
New miners mean more exposure but the extra supply may cancel that out or overwhelm the market. The dev's bring new updates and features every week so It also depends what they announce during the next phase. OK. But typically, does the extra supply saturate the market usually during the POW phase, or just right after? If its normal miners they will probably hold , i have said it a million times , if you open the wallet , you know you better hold your coins as the price is low tbh, Now multipools are a different matter, they may mine and dump as the price is good, we expect a certain amount of drop at this point , Our Chief Dev predicted this at launch and it was taken into consideration, but we felt the 2nd Pow phase would be unique and bring people to the wallet in droves having missed out initially, however due to community concerns we halved the block reward for 2nd pow .. this should at least limit some of the damage done by the multipools, but tbh if they want to sell me cheap coins they are welcome too after all i HAVE opened the wallet and more fool them. |
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Trezi
Member
Offline
Activity: 118
Merit: 10
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June 07, 2014, 07:46:47 PM |
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Is the price dip expected after POW or during?
This coin has such a great team behind it, the potential is just huge.
New miners mean more exposure but the extra supply may cancel that out or overwhelm the market. The dev's bring new updates and features every week so It also depends what they announce during the next phase. OK. But typically, does the extra supply saturate the market usually during the POW phase, or just right after? If its normal miners they will probably hold , i have said it a million times , if you open the wallet , you know you better hold your coins as the price is low tbh, Now multipools are a different matter, they may mine and dump as the price is good, we expect a certain amount of drop at this point , Our Chief Dev predicted this at launch and it was taken into consideration, but we felt the 2nd Pow phase would be unique and bring people to the wallet in droves having missed out initially, however due to community concerns we halved the block reward for 2nd pow .. this should at least limit some of the damage done by the multipools, but tbh if they want to sell me cheap coins they are welcome too after all i HAVE opened the wallet and more fool them. Well said  I'm waiting for some more cheap coins as well! |
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