[ANN][SUPERCOIN]First P2p Decentralized Trustless Anonymous Wallet Coming Soon

[provenceday]

dev which pool has these hash rate?

Net Hashrate: 18,667.22 MH/s

it seems some multipools are mining this coin now and they get most of the coin!
similar thing happens with XC mining period...

It's wafflepool multipool i guess, they recently started X11 algo multipool. http://www.wafflepool.com/stats/x11 you can see supercoin has %36 average there. Because we have a fair system for miners nobody can benefit more than other miners. And soon or late when we become successful and popular crypto we will be  on all multipools, it's inescapable.
 

dev if you change the dark or xc or vrc thread, you will  find when they realise the Multipool, they all change the block reward or end the pow period early or reduce the block reward quickly or turn to pure pos coin.

We are SUPERcoin, we can handle all these...

thanks for your confident, we can watch this, if big Multipool do big harm with supercoin, we can really make some change.

ps: ordinary miner can not get the coins now, most of the coin were mined by Multipool now....

http://super.pool.mn/ looks has amount hashing power enough to find blocks...
Small miners should use such pools in our list.
also we have a plan on doing our own multipool payment with SUPER.

It looks they found many blocks today... So relax, also appearing in some multipools as a SUPERcoin in their list has some slightly advertising our coin, because they only mine most profitable ones... Also some wise miners will mine it seperately because if they know our halve plan and heard our anonymous wallet project they will mine it separately.

47879   Confirmed   teunhol666   11/06/2014 16:58:39   289.1034   512.00    74,010   8,054   10.88
47845   Confirmed   mucalov   11/06/2014 16:50:02   215.0782   512.00    55,060   9,627   17.48
47808   Confirmed   Pisscat101   11/06/2014 16:39:12   295.8534   512.00    75,738   25,470   33.63
47719   Confirmed   Pisscat101   11/06/2014 16:12:15   282.6545   512.00    72,360   37,766   52.19
47581   Confirmed   Pisscat101   11/06/2014 15:36:21   248.9754   512.00    63,738   28,966   45.45
47516   Confirmed   keepwalking1234   11/06/2014 15:18:13   245.1410   512.00    62,756   101,739   162.12
47261   Confirmed   anonymous   11/06/2014 14:14:58   191.0815   512.00    48,917   34,701   70.94
47215   Confirmed   keepwalking1234   11/06/2014 13:57:46   253.0347   512.00    64,777   164,037   253.23
46965   Confirmed   keepwalking1234   11/06/2014 12:20:52   286.1010   512.00    73,242   159,596   217.90
46699   Confirmed   keepwalking1234   11/06/2014 10:24:19   207.4200   512.00    53,100   7,185   13.53
46683   Confirmed   keepwalking1234   11/06/2014 10:18:24   209.1238   512.00    53,536   60,707   113.39
46586   Confirmed   keepwalking1234   11/06/2014 09:33:10   237.4289   512.00    60,782   25,241   41.53
46549   Confirmed   keepwalking1234   11/06/2014 09:14:57   195.1354   512.00    49,955   42,264   84.60
46476   Confirmed   keepwalking1234   11/06/2014 08:44:43   200.1355   512.00    51,235   138,619   270.56

Pool Hashrate: 279.45 MH/s
Pool Workers: 24
Net Hashrate: 11,321.37 MH/s

so Multipool has more than 11G hash rate on supercoin?
ordinary miner just get 1/50 of all the mining coins.
usually when pow ends, we can set a Multipool?

No he uses only about 33% of 11 Ghash in total. But there maybe out there few other multipools,
I think saying 1 to 50 is not good ratio. But it can be, it has a potential risk.

It looks as a good plan as soon as ending PoW starting a multipool payment with SUPER. But i don't think it's an easy decision, and no personally expect any sooner than one month before we go to PoS or even start working on it.

First thing is first we complete SUPER Anonymous Wallet and can see in the future what else we can do after this.

thanks for your quick reply dev.
i have engaged with altcoin more than one years, have seen so many good coins just killed by Multipool.
i do hope supercoin has a bright future, because we are super!

From my altcoin experience, there are 2 things are really bad for altcoin.

First is coin inflation, because everyday if we have 0.3 Million supercoin, if the price hit 10K satoshi, you will need 30BTC buying support, that's ok with current circumstances, but if the price hit 100K satoshi, you will need 300BTC support everyday, so it's impossible for nowdays coin, that's the reason why dark and XC and VRC coin has very low inflation. i also hope supercoin has a lower inflation.

Second is the Multipool, they will control everyday's coin supply, after they mined this coin, they will dump it soon for profit.

so based the two reasons, i would like to advice to reduce the block reward more quickly and keep the total amount fixed or also can reduce the total amount. otherwise the price is not maintainable.

so how about reduce the block reward every week and at some point keep it at a low block reward?

so now we have 512 coin block reward,
512--》256--》128--》64 ends （4 weeks）
or
512--》256--》128--》64--》32 ends.(5 weeks)

if we have a lower block reward, people would keep their coin for pos mining, it‘s a better way for coin distributing than Multipool control the coin supply.

Thanks for sharing your experience. I think little bit different. if we lower rewards quicker, we will then much faster coin distribution, and inflation of cryptos, suddenly, So in that case We will distribute 45 days long SUPER coins in just 1 week get the idea? More supply usually means cheaper prices... I am not marketing expert bytheway. We have less or slow supply to the market and wider mining and miner communications, because we have more in communication with mining community, with superblocks, true random, diff retarget each block etc. we can hope to get more support from them.

Also you say people will dump coins on multipool, i say if we inform them well on the targets they will less likely to dump.

1: after quick block reward we will have longer mining period, not shorter mining period, also if total amount keep fixed, mining period will be longer. then we will have a lower coin inflation and price will go higher everyday.
2: Multipool only have one principle：they must pay miner BTC everyday. they must sell the mined supercoin for BTC. Multipool will never keep any altcoin more than 1 days. they will sell all mined coin in 24 Hours.

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[1713559498]

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[provenceday]

Another Multipool dump begins, they do not care the price, they just want BTC：


0.00001700   1200.00000000   0.02040000
06/12/2014 02:12:41 AM   
SELL
0.00001401   511.99990000   0.00717311
06/12/2014 02:07:52 AM   
BUY
0.00001800   1.00000000   0.00001800
06/12/2014 02:07:48 AM   
SELL
0.00001333   3413.83756260   0.04550645
06/12/2014 02:06:59 AM   
SELL
0.00001501   10000.00000000   0.15010000
06/12/2014 02:06:59 AM   
SELL
0.00001504   111.00000000   0.00166944
06/12/2014 02:06:59 AM   
SELL
0.00001552   111.00000000   0.00172272
06/12/2014 02:06:59 AM   
SELL
0.00001554   222.00000000   0.00344988
06/12/2014 02:06:59 AM   
SELL
0.00001554   111.00000000   0.00172494
06/12/2014 02:06:59 AM   
SELL
0.00001557   15000.00000000   0.23355000
06/12/2014 02:06:59 AM   
SELL
0.00001600   9488.00010000   0.15180800
06/12/2014 02:06:59 AM   
SELL
0.00001620   1358.40152705   0.02200610
06/12/2014 02:06:59 AM   
SELL
0.00001632   8638.60508044   0.14098203
06/12/2014 02:06:59 AM   
SELL
0.00001633   20000.00000000   0.32660000
06/12/2014 02:06:59 AM   
SELL
0.00001635   4261.57546587   0.06967675
06/12/2014 02:06:59 AM   
SELL
0.00001657   5212.91550845   0.08637800
06/12/2014 02:06:59 AM   
SELL
0.00001664   5478.43132553   0.09116109
06/12/2014 02:06:59 AM   
SELL
0.00001700   2500.00000000   0.04250000
06/12/2014 02:06:59 AM   
SELL
0.00001711   1091.67846019   0.01867861
06/12/2014 02:06:59 AM   
SELL
0.00001721   10000.00000000   0.17210000
06/12/2014 02:06:59 AM   
SELL
0.00001722   7270.70361263   0.12520151
06/12/2014 02:05:20 AM   
SELL
0.00001800   20512.43304360   0.36922379
06/12/2014 02:04:28 AM   
SELL
0.00001800   6616.78003482   0.11910204

[Orangecoin]

Dev, are you going to publish the anon feature source code? or hide them like what XC dev did?

We will publish our code once everything is implemented and tested. We may put a delay there, due to many copy-and-paste coins. But eventually we will publish the code.

Looks nice but not releasing the code is kind of hypocritical since 99.9% of your code is open source.

[provenceday]

we will hit 5K satoshi this week if NO Multipool mining this coin....

[Crypto_Enthusiast]

we will hit 5K satoshi this week if NO Multipool mining this coin....

we already hit 2.2k today..

[provenceday]

we will hit 5K satoshi this week if NO Multipool mining this coin....

we already hit 2.2k today..

everything just starts

[supercointeam]

+1 to Provence. I completely agree with him and I think that the growth of this coin could become very heavily stunted if there were no precautions to combat high influx levels of hashrate suddenly after experience low difficulties. This coin will get mined w/ massive altcoin hashrates then begin a downwards trend to a point where it is just over inflated.

Dev will need to take steps asap, not only to protect the stakeholders of SUPER but also the coin and its future. This period of time is the most sensitive - the 'hype phase'. In this period the coin will receive maximum attention from community and its kind of like a first impression that cannot afford to be bad.

Best of luck

Thank you for good wishes. We are team together so enjoy informing our community more about these.

[supercointeam]

Another Multipool dump begins, they do not care the price, they just want BTC：


0.00001700   1200.00000000   0.02040000
06/12/2014 02:12:41 AM   
SELL
0.00001401   511.99990000   0.00717311
06/12/2014 02:07:52 AM   
BUY
0.00001800   1.00000000   0.00001800
06/12/2014 02:07:48 AM   
SELL
0.00001333   3413.83756260   0.04550645
06/12/2014 02:06:59 AM   
SELL
0.00001501   10000.00000000   0.15010000
06/12/2014 02:06:59 AM   
SELL
0.00001504   111.00000000   0.00166944
06/12/2014 02:06:59 AM   
SELL
0.00001552   111.00000000   0.00172272
06/12/2014 02:06:59 AM   
SELL
0.00001554   222.00000000   0.00344988
06/12/2014 02:06:59 AM   
SELL
0.00001554   111.00000000   0.00172494
06/12/2014 02:06:59 AM   
SELL
0.00001557   15000.00000000   0.23355000
06/12/2014 02:06:59 AM   
SELL
0.00001600   9488.00010000   0.15180800
06/12/2014 02:06:59 AM   
SELL
0.00001620   1358.40152705   0.02200610
06/12/2014 02:06:59 AM   
SELL
0.00001632   8638.60508044   0.14098203
06/12/2014 02:06:59 AM   
SELL
0.00001633   20000.00000000   0.32660000
06/12/2014 02:06:59 AM   
SELL
0.00001635   4261.57546587   0.06967675
06/12/2014 02:06:59 AM   
SELL
0.00001657   5212.91550845   0.08637800
06/12/2014 02:06:59 AM   
SELL
0.00001664   5478.43132553   0.09116109
06/12/2014 02:06:59 AM   
SELL
0.00001700   2500.00000000   0.04250000
06/12/2014 02:06:59 AM   
SELL
0.00001711   1091.67846019   0.01867861
06/12/2014 02:06:59 AM   
SELL
0.00001721   10000.00000000   0.17210000
06/12/2014 02:06:59 AM   
SELL
0.00001722   7270.70361263   0.12520151
06/12/2014 02:05:20 AM   
SELL
0.00001800   20512.43304360   0.36922379
06/12/2014 02:04:28 AM   
SELL
0.00001800   6616.78003482   0.11910204

You should not worry that much because daily mined amount is fixed they cant mine all :-) also we were under radar for a long time.

[supercointeam]

Dev, are you going to publish the anon feature source code? or hide them like what XC dev did?

We will publish our code once everything is implemented and tested. We may put a delay there, due to many copy-and-paste coins. But eventually we will publish the code.

Looks nice but not releasing the code is kind of hypocritical since 99.9% of your code is open source.

That's reasonable

[provenceday]

Another Multipool dump begins, they do not care the price, they just want BTC：

You should not worry that much because daily mined amount is fixed they cant mine all :-) also we were under radar for a long time.

Because everything just started. will keep watch Multipool's performance this week.

[provenceday]

【Thanks for sharing your experience. I think little bit different. if we lower rewards quicker, we will then much faster coin distribution, and inflation of cryptos, suddenly, So in that case We will distribute 45 days long SUPER coins in just 1 week get the idea? More supply usually means cheaper prices... I am not marketing expert bytheway. We have less or slow supply to the market and wider mining and miner communications, because we have more in communication with mining community, with superblocks, true random, diff retarget each block etc. we can hope to get more support from them.
Also you say people will dump coins on multipool, i say if we inform them well on the targets they will less likely to dump. 】


 

1: after quick block reward we will have longer mining period, not shorter mining period, also if total amount keep fixed, mining period will be longer. then we will have a lower coin inflation and price will go higher everyday.
2: Multipool only have one principle：they must pay miner BTC everyday. they must sell the mined supercoin for BTC. Multipool will never keep any altcoin more than 1 days. they will sell all mined coin in 24 Hours.

[supercointeam]

we will hit 5K satoshi this week if NO Multipool mining this coin....

This is SUPERCoin. (like this is Sparta) 

[supercointeam]

 

1: after quick block reward we will have longer mining period, not shorter mining period, also if total amount keep fixed, mining period will be longer. then we will have a lower coin inflation and price will go higher everyday.
2: Multipool only have one principle：they must pay miner BTC everyday. they must sell the mined supercoin for BTC. Multipool will never keep any altcoin more than 1 days. they will sell all mined coin in 24 Hours.
[/quote]

1 can you explain more this (after quick block reward we will have longer mining period, not shorter mining period,)
2 yes too bad.

[provenceday]

1: after quick block reward we will have longer mining period, not shorter mining period, also if total amount keep fixed, mining period will be longer. then we will have a lower coin inflation and price will go higher everyday.
2: Multipool only have one principle：they must pay miner BTC everyday. they must sell the mined supercoin for BTC. Multipool will never keep any altcoin more than 1 days. they will sell all mined coin in 24 Hours.

1 can you explain more this (after quick block reward we will have longer mining period, not shorter mining period,)
2 yes too bad.
[/quote]

1 yes, if the Block reward is 512 coin, Block time is 90 sec, if you want to distribute 1 Million coin, you need to mine 1953 Block, which will cost 1953*1.5 minutes=2929 minutes=2.03 day
but if the Block reward is 256 coin, Block time is also 90 sec, if you want to distribute 1 Million coin, you need to mine 3906 Block, which will cost 3906*1.5 minutes=4.06 days

if Block reward is 128coins, will take 8.13 days
if Block reward is 64coins, will take 16.26 days

so after 3 halve we can keep the Block reward @64 coins, that's very good for supercoin's future, Because Multipool will not profit much if even they control everyday's coin supply, also ordinary people still have the chance to mine some coin from pos, that's more fair than Multipool control everyday's coin supply and dump it soon...

would prefer to reduce the Block reward ASAP in this month.
then after 3 halves, the Block reward is 64 coin. that‘s a reasonable amount compared with dark coin or vrc coin.

[provenceday]

Pool Hashrate: 145.18 MH/s
Pool Workers: 25
Net Hashrate: 13,810.54 MH/s(Multipool now control 13G hash rate now)

no more chance for ordinary miner now...
ordinary miner now only get 1/100 of the everyday's total Block....

it's Multipool time now..

[provenceday]

Please First Halve the block reward to 256 coin this week..
Then Halve the block reward to 128coins next week..
Then Halve the block reward to 64coins and keep the block reward fixed @64 coin or 32coins
 

[landslide]

Multippol will only make the all coins profit about the same, have no effect on the coin mining itself

[landslide]

Please Halve the block reward this week
 

I would like that too 

[landslide]

Dev, are you going to publish the anon feature source code? or hide them like what XC dev did?

We will publish our code once everything is implemented and tested. We may put a delay there, due to many copy-and-paste coins. But eventually we will publish the code.

Looks nice but not releasing the code is kind of hypocritical since 99.9% of your code is open source.

The dev said
We will publish our code once everything is implemented and tested.

I 100% agree with dev that
We may put a delay there, due to many copy-and-paste coins.

If the current code is released, then at least 10 more coins will immediately claim that they have anonymous features while their devs do not even know what it means, this just confuse people and promote garbages.

[crypto-dude]

Dev, are you going to publish the anon feature source code? or hide them like what XC dev did?

We will publish our code once everything is implemented and tested. We may put a delay there, due to many copy-and-paste coins. But eventually we will publish the code.

Looks nice but not releasing the code is kind of hypocritical since 99.9% of your code is open source.

The dev said
We will publish our code once everything is implemented and tested.

I 100% agree with dev that
We may put a delay there, due to many copy-and-paste coins.

If the current code is released, then at least 10 more coins will immediately claim that they have anonymous features while their devs do not even know what it means, this just confuse people and promote garbages.

+1

The released code needs to be well tested and proven. Also we should not encourage copy-and-paste, so many garbage coins there, no innovations at all, just trying to make quick money. Those copy-paste coins should be rejected by alt coin community.