PeterPalmBeach
Sr. Member
Offline
Activity: 336
Merit: 250
SellALL, BuyBTC
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May 29, 2014, 04:53:13 PM |
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So when pow ends ? Based on a block # or time ?
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Kergekoin
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May 29, 2014, 04:57:53 PM |
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- 1% Pre-mine for development, promotional and immediate bounties. Let me explain this in more detail: The pre-mine is done on speculation that the coin will return some cash in the future. As a developer these coins take time to code and add in new features etc... This balance has also been used to pay out a lot of compensation for people who have lost coins due to the relaunch of the coin on the 19th, (Yes i'm a developer who actually does that!) - 15 coins per PoW block to the foundation for long term support. The foundation only gets a very tiny % of PoS blocks Let me explain this in more detail: Developing and running a coin takes time and effort, the foundation balance is used for keeping the coin going and paying everyone who is involved or working on the team on a daily basis. So far we have 3 full time team members and a load more people working on single tasks for BoostCoin. this all costs money that the foundation supports, and if the coin really takes of do you think they will work for free? i dont think so.. At the time of writing this there is 123624 BOST in the foundation fund, which is far lower that everyone thinks due to the PoS block creation. Here is the difference between PoW and PoS foundation block amounts.. http://s25.postimg.org/42qm9oucv/Screen_Shot_2014_05_29_at_14_06_20.pngWhen do we see more progress? Could you tell us what do all those people do all day? Your explanation for premine and block percentage is subjective and misleading. Let me clarify a little: Your donation percent is about 2,91% from PoW blocks. That means you will have the premine of 1% + 2,91% = 3,91% of all coins. Simple math really. PoS blocks have nothing to do with the percentage you are getting. They just lower the entire PoW subsidy. Not just for you, but for everyone.Everyone can judge their own if dev controlling 3.91% of all coins is very tiny or not. Im not going to comment on that. I just cleared up the facts. Did you provide any logs of how much you have compensated to early miners? Can we see the list of addresses as a proof please?
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MineP.it
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May 29, 2014, 05:00:48 PM |
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OK - with help from OCMiner we've got our stratum code patched up and accepting blocks properly now. We just need some hash going again to get that first block in! MineP.it BoostCoin PoolRegister now, if you haven't already done so, and prepare your workers start mining! Stratum connection example: stratum+tcp://bost.minep.it:3343 -u MinepitUsername.anything -p anything MinePit Pools- 0.75% fees across the board
- Rock solid security and stability
- One registration to access all our pools
- Auto payouts every minute (manual payouts too)
- 24/7 on-site chatbox
- Super fast, powerful, scale-able servers
- Unbeatable DDOS protection
- Unique, custom interface and back-end infrastructure
- Super fast compile times - we aim to be one of the first pools running at every launch
Join us now!
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https://www.minep.it - secure, stable mining pools | 0.75% fees | chat | forums | one login for 40+ pools | unique interface Pools: Bitcoin | BitMark | ConspiracyCoin | CryptCoin | CureCoin | DarkCoin | Digit | DogeCoin | Dvorakoin | FeatherCoin | FractalCoin | Hiro | IsraelCoin | KarmaCoin | Kryptonite | LimeCoinX | Litecoin | MultiWalletCoin | Negotium | NewWorldOrder | OzzieCoin | PyramidsCoin | RootCoin | SaveCoin | Shade | SurvivorCoin | SysCoin | TalkCoin | TitCoin | Trinity | UseCoin | UtopiaCoin | VertCoin | ViaCoin | VirtualCoin | VirtualMiningCoin | WankCoin | WorldCoin | ZetaCoin
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mammix2 (OP)
Legendary
Offline
Activity: 1302
Merit: 1004
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May 29, 2014, 05:01:51 PM |
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OK - with help from OCMiner we've got our stratum code patched up and accepting blocks properly now. We just need some hash going again to get that first block in! MineP.it BoostCoin PoolRegister now, if you haven't already done so, and prepare your workers start mining! Stratum connection example: stratum+tcp://bost.minep.it:3343 -u MinepitUsername.anything -p anything MinePit Pools- 0.75% fees across the board
- Rock solid security and stability
- One registration to access all our pools
- Auto payouts every minute (manual payouts too)
- 24/7 on-site chatbox
- Super fast, powerful, scale-able servers
- Unbeatable DDOS protection
- Unique, custom interface and back-end infrastructure
- Super fast compile times - we aim to be one of the first pools running at every launch
Join us now!I'll update the OP
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1HfpFYxBUpQ941mKd4DEjsyA22HN4Kerzu
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PeterPalmBeach
Sr. Member
Offline
Activity: 336
Merit: 250
SellALL, BuyBTC
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May 29, 2014, 05:05:27 PM |
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- 1% Pre-mine for development, promotional and immediate bounties. Let me explain this in more detail: The pre-mine is done on speculation that the coin will return some cash in the future. As a developer these coins take time to code and add in new features etc... This balance has also been used to pay out a lot of compensation for people who have lost coins due to the relaunch of the coin on the 19th, (Yes i'm a developer who actually does that!) - 15 coins per PoW block to the foundation for long term support. The foundation only gets a very tiny % of PoS blocks Let me explain this in more detail: Developing and running a coin takes time and effort, the foundation balance is used for keeping the coin going and paying everyone who is involved or working on the team on a daily basis. So far we have 3 full time team members and a load more people working on single tasks for BoostCoin. this all costs money that the foundation supports, and if the coin really takes of do you think they will work for free? i dont think so.. At the time of writing this there is 123624 BOST in the foundation fund, which is far lower that everyone thinks due to the PoS block creation. Here is the difference between PoW and PoS foundation block amounts.. http://s25.postimg.org/42qm9oucv/Screen_Shot_2014_05_29_at_14_06_20.pngWhen do we see more progress? Could you tell us what do all those people do all day? Your explanation for premine and block percentage is subjective and misleading. Let me clarify a little: Your donation percent is about 2,91% from PoW blocks. That means you will have the premine of 1% + 2,91% = 3,91% of all coins. Simple math really. PoS blocks have nothing to do with the percentage you are getting. They just lower the entire PoW subsidy. Not just for you, but for everyone.Everyone can judge their own if dev controlling 3.91% of all coins is very tiny or not. Im not going to comment on that. I just cleared up the facts. Did you provide any logs of how much you have compensated to early miners? Can we see the list of addresses as a proof please? I'd like to know the answers to this too. Thank you.
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Bluestreet
Legendary
Offline
Activity: 988
Merit: 1000
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May 29, 2014, 05:05:33 PM |
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lol you people believe the fake volume on bittrex. I will give this coin 2 weeks and the volume will be under 20 btc after the dump out.
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ReRunRod
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May 29, 2014, 05:10:22 PM |
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lol you people believe the fake volume on bittrex. I will give this coin 2 weeks and the volume will be under 20 btc after the dump out. You jealous? Only two coins out right now @ x13. Why, don't you go lick a rim? At least it's doing better than most shit coins out. It's quiet in these parts because ASIC's don't work in these neck of the woods and people are butt hurt... No piece of the pie for them Soooooooooo
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cyberspacemonkey
Legendary
Offline
Activity: 1288
Merit: 1002
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May 29, 2014, 05:11:40 PM |
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Can someone please send me an invitation for this pool!? http://bost.poolone.pw/please PM me. I'd really appreciate it.
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63296310
Sr. Member
Offline
Activity: 313
Merit: 250
Changing avatars is currently not possible.
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May 29, 2014, 05:11:56 PM |
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Dsb6Mc9TgGV1i3rzcbQeuWMni6Ve2sbXP2G
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DLow
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May 29, 2014, 05:20:28 PM |
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Anybody else having trouble getting payouts from Suprnova? It usually was very quick, now it seems stuck? Edit: Came through, sorry
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Szaja1990
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May 29, 2014, 05:21:01 PM |
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Bought on 3k sold on 26, only reason why i sold is this Huge premine and Dev dont even care about all this questions.
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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May 29, 2014, 05:26:07 PM |
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Bought on 3k sold on 26, only reason why i sold is this Huge premine and Dev dont even care about all this questions.
we are going way behind 30k, imho
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Szaja1990
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May 29, 2014, 05:29:17 PM |
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Bought on 3k sold on 26, only reason why i sold is this Huge premine and Dev dont even care about all this questions.
we are going way behind 30k, imho Still its not the answer off all this questions.
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ArbyWan
Newbie
Offline
Activity: 28
Merit: 0
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May 29, 2014, 05:31:40 PM |
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God I am guessing another idiot trying to run x11 on http://boost.monsterhash.me? Reject rate has sky rocketed!
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ocminer
Legendary
Offline
Activity: 2660
Merit: 1240
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May 29, 2014, 05:35:19 PM |
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Bought on 3k sold on 26, only reason why i sold is this Huge premine and Dev dont even care about all this questions.
we are going way behind 30k, imho Still its not the answer off all this questions. Other coins are far worse when it comes to premine etc. This coin is pretty transparent and straightforward. I wonder when I hear people screaming about a "huge" 4% pre-mine when other coins where instamined like hell in the first days (darkcoin) and they're still having a a decent marketcap.. Or look at other coins which are obvious scams lile this litecoinx mega-scam .. people are still mining it and even scream "HODL!" .. Stop spreading this FUD here all the time .. This coin has lots of cool features, is currently multi-pool proof, as a huge volume on the exchanges, over 60GH/s network hashing rate, decent pools, is on poloniex, bittrex as surely soon on mintpal... what else do you guys want ? Without the premine my pool bounty would not got paid, i'd have to take lot higher fees on the pools... also the pool set-up tutorial would'nt be possible to be paid etc..
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suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
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