█=█ BoostCoin █=█ New team, new plans

[PeterPalmBeach]

So when pow ends ? Based on a block # or time ?

[Kergekoin]

- 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.png

When 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?

[MineP.it]

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 Pool

Register 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!

[mammix2]

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 Pool

Register 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

[PeterPalmBeach]

- 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.png

When 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.

[Bluestreet]

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.

[ReRunRod]

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

[cyberspacemonkey]

Can someone please send me an invitation for this pool!?

http://bost.poolone.pw/

please PM me. I'd really appreciate it.

[63296310]

https://www.youtube.com/watch?v=LWOYM9R7QGE

[nick777]

SummerCoinV2 IS GOING X13 POW/ POS! IN 5 DAYS
https://bitcointalk.org/index.php?topic=625693.0

[ekoice]

Please send an invite for http://bost.poolone.pw/
thanks

[DLow]

Anybody else having trouble getting payouts from Suprnova? It usually was very quick, now it seems stuck?

Edit: Came through, sorry

[Szaja1990]

Bought on 3k sold on 26,
only reason why i sold is this Huge premine and Dev dont even care about all this questions.

[ekoice]

https://boost2.suprnova.cc

acceptiong new registrations....googogogo!

[ozzy1926]

we are on the news !
http://altcoinauthority.com/2014/05/boostcoin-x13-powpos-altcoin-on-the-rise/?utm_source=rss&utm_medium=rss&utm_campaign=boostcoin-x13-powpos-altcoin-on-the-rise

[Amph]

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

[Szaja1990]

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.

[ArbyWan]

God I am guessing another idiot trying to run x11 on http://boost.monsterhash.me? Reject rate has sky rocketed!

[abalam]

BoostCoin [BOST] is now on Europex : https://www.europex.eu/#!coin/btc/bost
Only 0.12% exchange fee
Only 0.00002 BTC fee for instant BTC withdraw
Full API secured with private key

[ocminer]

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..