[ANN] SilkCoin | New Wallet | NOW on MintPal / Cryptsy | FULL POS

[Silkcoin]

Why all the POS coin algorithm is scrypt , why not try X11. I'm confused.

They lack the ability to comprehend how problematic it is to allow asic farms/multipools to hop on at launch.

Dev mentality:

High hashrate = success

even though 98% of it will be comprised of asic farms/multipools. (Look at SHIBE for reference, was a complete fucking disaster in regards to distribution)

It's only 14 days total POW... Waiting for the lunch!

Lol, ok? So by it being a short distribution stage, let's make it even more impossible for the average miner to generate anything worthwhile right?

Listen to the suggestions of the community as there will not be a deterrent for everyone that has advocated for scrypt because they're able to mine GROESTL as well.
Unless they already have asics..  

Also, X11 blocks out the Nvidia mining community and is less efficient compared to Groestl. Simple choice at this point, pick GROESTL

the suggestions of the community , seriously it's the 8th time you said that, everyone has a different opinion respect that fact we have no interest in scrypt or X11 the fact is we just want to please the community and it seems most people are for scrypt algo, way more no doubt about this.

[steva]

I'm ready

[naphariel]

30 MINS FOR LAUNCH!!

You sure?
Because the countdown is screwed up, whoever did that doesn't seem to realize that London isn't GMT.
It's 17:32 right now.

[gginer]

30 MINS FOR LAUNCH!!

You sure?
Because the countdown is screwed up, whoever did that doesn't seem to realize that London isn't GMT.
It's 17:32 right now.

So when is it? in 1 hour 30?

PD: keep it scrypt!

[flubber]

remember, as the windows wallet has a runtime error I think it will be hard for alot of users to solomine, so don't come running afterwards and cry about it ..

[Mrboot]

remember, as the windows wallet has a runtime error I think it will be hard for alot of users to solomine, so don't come running afterwards and cry about it ..

Agree then can join a pool aswell

Like a lot have to do

[neilh]

30 MINS FOR LAUNCH!!

You sure?
Because the countdown is screwed up, whoever did that doesn't seem to realize that London isn't GMT.
It's 17:32 right now.

So when is it? in 1 hour 30?

PD: keep it scrypt!

If it's GMT, current time is 17:40 so 1 hour 20.

[flubber]

remember, as the windows wallet has a runtime error I think it will be hard for alot of users to solomine, so don't come running afterwards and cry about it ..

Agree then can join a pool aswell

Like a lot have to do

Yeha I think this will be a pool only launch, I use to try solo but his time I go for a pool

[naphariel]

30 MINS FOR LAUNCH!!

You sure?
Because the countdown is screwed up, whoever did that doesn't seem to realize that London isn't GMT.
It's 17:32 right now.

London is BTS, so it's 18.35

London is completely irrelevant though, OP says 19:00 GMT, which is in ~75 minutes.

If this launches 19:00 BST instead of GMT, be ready for a huge drop in credibility and lots of people screaming PREMINE PREMINE.

[Silkcoin]

Indeed thanks for that ! Someone (not me  ) made a mistake with the gif, here is the updated one :



So yes 1 hour and 20 mins. Sorry for the confusion.

[neilh]

London is completely irrelevant though, OP says 19:00 GMT, which is in ~75 minutes.

If this launches 19:00 BST instead of GMT, be ready for a huge drop in credibility and lots of people screaming PREMINE PREMINE.

I was replying to the london comment and stating the time.

I know it's irrelevant for this launch, OP says GMT.

[ipominer]

The math in the ANN post is wrong. The mixed POW+POS periods will yield less than 50M coins each.. maybe closer to ~25M for each period, as half the blocks will be POS.

[LuckyBtc]

Oh no we have to wait for 1 hour more lol

[Bitornio]

Im useing supernova after silk.pool.mn got something like hacked and a lot coins stolen just a tip !

Please stop spreading FUD...silk.pool.mn is a respectable pool which hosts a number of coins. They were not hacked, another pool was hacked and they used the DB against pool.mn...users with the same info were hacked yes

I'll be bringing my 250 MH/s to silk.pool.mn so I'll let you guys decide which pool to use

[neilh]

The math in the ANN post is wrong. The mixed POW+POS periods will yield less than 50M coins each.. maybe closer to ~25M for each period, as half the blocks will be POS.

That's true, PoS will eat some of the blocks. Not sure if it
will be half though, BC 100M > 75M.

[LuckyBtc]

Supernova is the best pool dev works really fast to add the coin for us to mine 

[Mrboot]

Im useing supernova after silk.pool.mn got something like hacked and a lot coins stolen just a tip !

Please stop spreading FUD...silk.pool.mn is a respectable pool which hosts a number of coins. They were not hacked, another pool was hacked and they used the DB against pool.mn...users with the same info were hacked yes

I'll be bringing my 250 MH/s to silk.pool.mn so I'll let you guys decide which pool to use

only 250 lol

And i know like i said supernova

[ipominer]

BC was 75M because it started POS at block 5000, through block 10000, so half of 5000 blocks was POS, not half of the full 10k blocks.

Silkcoin is starting POS from block 1, so half of the totals will be POS and thus not provide block rewards, and therefore reduce the total number of coins.

[WilderX]

WRUMM WRUMMMM... 345 Mh/s

[zulu860]

WRUMM WRUMMMM... 345 Mh/s

Damnnnnnnnn!!!!!!!!!