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Mountaingoat
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May 27, 2014, 02:03:33 AM |
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If it goes from POW to POS, are people not able to mine anymore?
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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coine_smithe
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May 27, 2014, 02:04:16 AM |
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If it goes from POW to POS, are people not able to mine anymore?
That is correct. The only way you will be able to earn coins will be PoS interest or Multipools which mine other coins and pay out in XC. |
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braxx
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May 27, 2014, 02:04:25 AM |
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http://liteshack.com/Here's a graph that shows why the hashrate is a problem right now. Someone is absolutely raping this coin and dumping it mercilessly. Edit: what you want to look at is the pie graph. That is completely abnormal to see a coin have 63% of all non LTC altcoins. Someone decided to utilize a supercomputer farm or something to kill this coin. Luckily PoW ends soon. Also this shows that the market price right now is essentially meaningless. The market value will be much closer to reality once the manipulator is shut out. agreed that it is a problem, but you cannot compare X11 with scrypt. with the new miner "x11" 4 times more hashrate on a gpu than "scrypt" ex: 7950 gives 2.8 Mh on X11 but 700Khashes on scrypt |
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Mountaingoat
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May 27, 2014, 02:06:11 AM |
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If it goes from POW to POS, are people not able to mine anymore?
That is correct. The only way you will be able to earn coins will be PoS interest or Multipools which mine other coins and pay out in XC. Thanks for the answer, can you explain to me why that is? |
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provenceday
Legendary
 Offline
Activity: 1148
Merit: 1000
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May 27, 2014, 02:06:47 AM |
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Everytime Multipool will dump 100BTC volume XC coin, that's the Reason why we should stop the pow ASAP,
so we may Stop the Pow at 18K Block or 20K Block!
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fearcoka
Legendary
Offline
Activity: 1008
Merit: 1000
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May 27, 2014, 02:08:01 AM |
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Everytime Multipool will dump 100BTC volume XC coin, that's the Reason why we should stop the pow ASAP,
so we may Stop the Pow at 18K Block or 20K Block!
Stop it fucking now i lost 20 grand today |
Just Nao Tomori and Bitcoin ( ͡° ͜ʖ ͡°)
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Mxrider420z
Sr. Member
Offline
Activity: 619
Merit: 289
Ⓚ KORE TEAM Ⓚ ★ Portuguese/SPA
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May 27, 2014, 02:09:05 AM |
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im dying over here lol
lol same here, probably someone rented a lot o X11 hashing power on NiceHash and etc. This type of service unbalanced the game, shit i wish i had this amount of btc´s to get loads of coins that have a bright future. |
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bitcad4u
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May 27, 2014, 02:09:16 AM |
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Everytime Multipool will dump 100BTC volume XC coin, that's the Reason why we should stop the pow ASAP,
so we may Stop the Pow at 18K Block or 20K Block!
I agree stop the PoW - move to PoS ASAP |
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coine_smithe
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May 27, 2014, 02:09:51 AM |
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If it goes from POW to POS, are people not able to mine anymore?
That is correct. The only way you will be able to earn coins will be PoS interest or Multipools which mine other coins and pay out in XC. Thanks for the answer, can you explain to me why that is? It is the design of PoW/PoS hybrids. With endless PoW coins like Bitcoin, coins are constantly produced into the distant future (possibly indefinitely) which means miners can constantly dump their coins on the market to make money, rather than hold them in hopes that they increase in value in the future. With PoW/PoS hybrids, the PoW instead ends after a (usually) short period of weeks or months, and then transitions into a state where miners can no longer acquire coins. This gives incentive for saving of the coins rather than dumping on the market, helping them achieve market penetration. The interest you see on this coin of 3.33% is the interest you accrue simply by owning the coins in your personal wallet application that you can run on your computer. You do not earn interest if your coins are held on an online wallet or exchange unless that entity specifically offers to pay you the interest generated by your coins. The interest also acts as an incentive to leave your wallet open which operates as a "full node", essentially performing the same roll that miners perform in maintaining and verifying the financial ledger system on a constant basis. Additionally, coin mining requires electricity similar to that used by large cities which some consider to be grossly wasteful. PoS coins hope to offer an alternative where crypto currencies can enter a state where they can be bought and sold on the market, fulfilling their primary role as a financial instrument, without the huge energy cost to society. |
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ocminer
Legendary
Offline
Activity: 2660
Merit: 1240
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May 27, 2014, 02:10:00 AM |
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Why the F is the network hash rate 535 GHASH, but I can only find a pool that is 1 GHASH??? It's not worth mining because the pools I find aren't finding any blocks.....something is wrong with this.
Exactly why PoW was decided to end. One way or another someone is attacking the network. XC supernova has over 7000 mhs when its not under attack, the attack is heavy now as it keeps getting up and going down working on it, again ddos Thank you for working on it The only A-hole thats mining is the 494 ghash bastard OK, everything fixed. Thanks for your patience, it turned out the "DDoS" was a multipool (or simply lots of rented rigs) which simply "raped" the servers .. Must be half the hashing power of betarigs i think.. crazy ..  |
suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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atcsecure (OP)
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May 27, 2014, 02:10:14 AM |
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I wanted to provide some more answers about the decentralized anonymous solution and how it will work
- 100XC to 1000XC's Required (#'s still being vetted)
- Any client having the required XC's can enable xnode option (windows, mac & linux wallets)
- xnodes will charge a fee which will be deducted from the transaction and kept in the local wallet << incentive based >>
- no masternode or supernode required to communicate xnodes to clients
- fully decentralized
Hope that answers all the questions, the majority of the code is already in the wallet and I expect a release supporting these features as outlined above to be available for testing in 3 weeks or less
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Join the revolution - XC - Decentralized Trustless Multi-Node Private Transactions
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Mountaingoat
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May 27, 2014, 02:10:23 AM |
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Why does Multipool dumb XC? It is a great investment so I don't see why they do it.
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jakecrow
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May 27, 2014, 02:10:34 AM |
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Everytime Multipool will dump 100BTC volume XC coin, that's the Reason why we should stop the pow ASAP,
so we may Stop the Pow at 18K Block or 20K Block!
Stop it fucking now i lost 20 grand today You only lost it if you sell right now, otherwise this is just a bump in the road. If you put 20 grand into this I'd guess you know how this game works. |
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bitcad4u
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May 27, 2014, 02:10:49 AM |
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Everytime Multipool will dump 100BTC volume XC coin, that's the Reason why we should stop the pow ASAP,
so we may Stop the Pow at 18K Block or 20K Block!
Stop it fucking now i lost 20 grand today u didnt loose anything unless u sell.. dont worry. hold man. price is going rightback up after dumper is done taking a shit. |
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fearcoka
Legendary
Offline
Activity: 1008
Merit: 1000
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May 27, 2014, 02:10:58 AM |
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im dying over here lol
lol same here, probably someone rented a lot o X11 hashing power on NiceHash and etc. This type of service unbalanced the game, shit i wish i had this amount of btc´s to get loads of coins that have a bright future. Thats the thing, buying for ovr 80btc worth at 12-15 is a big difference when i could be doing it all at 10-11 right now now... fuark Ok back to reality, im holding anyways. Keep up the good work Dev. Well think of a marketing plan soon. Keep the good times rolling |
Just Nao Tomori and Bitcoin ( ͡° ͜ʖ ͡°)
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jakecrow
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May 27, 2014, 02:12:10 AM |
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I wanted to provide some more answers about the decentralized anonymous solution and how it will work
- 100XC to 1000XC's Required (#'s still being vetted)
- Any client having the required XC's can enable xnode option (windows, mac & linux wallets)
- xnodes will charge a fee which will be deducted from the transaction and kept in the local wallet << incentive based >>
- no masternode or supernode required to communicate xnodes to clients
- fully decentralized
Hope that answers all the questions, the majority of the code is already in the wallet and I expect a release supporting these features as outlined above to be available for testing in 3 weeks or less
Sounds good! |
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bitcad4u
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May 27, 2014, 02:13:22 AM |
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I wanted to provide some more answers about the decentralized anonymous solution and how it will work
- 100XC to 1000XC's Required (#'s still being vetted)
- Any client having the required XC's can enable xnode option (windows, mac & linux wallets)
- xnodes will charge a fee which will be deducted from the transaction and kept in the local wallet << incentive based >>
- no masternode or supernode required to communicate xnodes to clients
- fully decentralized
Hope that answers all the questions, the majority of the code is already in the wallet and I expect a release supporting these features as outlined above to be available for testing in 3 weeks or less
THIS IS BADASS!!! PLEASE MAKE IT TRUE!! U ARE THE MAN!
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DRobert
Member
Offline
Activity: 98
Merit: 10
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May 27, 2014, 02:13:43 AM |
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Good thing price on Poloniex holding out.
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atcsecure (OP)
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May 27, 2014, 02:14:01 AM |
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Everytime Multipool will dump 100BTC volume XC coin, that's the Reason why we should stop the pow ASAP,
so we may Stop the Pow at 18K Block or 20K Block!
Stop it fucking now i lost 20 grand today You only lost it if you sell right now, otherwise this is just a bump in the road. If you put 20 grand into this I'd guess you know how this game works. Check out http://cryptexplorer.com/chain/X11Coin?count=50&hi=19793they are not getting 100% of the blocks due to POS, the POW will end at block #22500 |
Join the revolution - XC - Decentralized Trustless Multi-Node Private Transactions
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Mountaingoat
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May 27, 2014, 02:15:09 AM |
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Everytime Multipool will dump 100BTC volume XC coin, that's the Reason why we should stop the pow ASAP,
so we may Stop the Pow at 18K Block or 20K Block!
Stop it fucking now i lost 20 grand today You only lost it if you sell right now, otherwise this is just a bump in the road. If you put 20 grand into this I'd guess you know how this game works. Check out http://cryptexplorer.com/chain/X11Coin?count=50&hi=19793they are not getting 100% of the blocks due to POS, the POW will end at block #22500 How long will that take? |
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