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Author Topic: [CPS] [CryptoPowers] Mulitpool launch May 29, noon eastern  (Read 1337 times)
CryptoPowers
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May 28, 2014, 06:44:48 PM
 #1

The CryptoPowers MulitPool is about to launch.


We are still working on the main pool.

We have a temp pool setup for those of you wanting to see CPS value go up.

Name you worker CPSpool." Your CPS Address": Example you worker name should look something like this CPSpool.GCYFNFs3ndxmhqvejYyUb9cWbPSsZhZqVR

SHA 256 Stratum Servers: uk1.ghash.io:3333 or us1.ghash.io:3333
Scrypt Stratum Server: multi.ghash.io:3333
X11 Stratum Server: drk.ghash.io:3333

Payments will be made to you CPS address once per day. This pool will also create the CPS buyback pot.








This will not be your normal mining pool. All payouts will be in CPS coin.

This pool will work to drive up the trading price of CryptoPowers coins in two ways.

Value Building

First CPS coin will be bought at market in order to make user payouts; kinda of like Blackcoinpool

Seccond a buyback floor for the power vault will be made and suppoted by this pool. What this means is you will never have a worthless CPS coin. You will always be able to sell your coins back to the vault.


Coin Buyback.

Starting on day 3 of the mulitpool: a CPS buyback price will be posted and every two days the rite will go up.  

This will be a unbreakable floor, meaning that there will be enough BTC in buyback fund to cover all outstanding CPS.

Example: If there was 25,000,000 outstanding CPS and we had 27BTC in buyback fund then Buyback price would be .00000108

Every two days the price will go up.



How should you trade your CPS?

I very highly recommend you don't sell your CPS coin as the value will only go higher and higher with time. I fully expect the price of a CPS to climb to over 1 btc each if given enough time.  


What factors will make the value of CPS rise?

The more prople mine the mulit pool the faster the buyback rate will climb.

The more people sell to the buyback fund the less outstanding, resulting is faster buyback climbing.

The more people use CPS the higher the value.

Don't forget what CPS is all about. Project micro funding. So the better the funded projects turnout the higher the CPS price.

There are other factors that will play a part in the rise of CPS that i'm just not allowed to talk about yet, but trust me they are in development and very unique.


Giveaways and Contest

For the first 2 weeks there will be added cps to the mining pot so everybody who takes part will get extra.

Early bird bonus will be given to the first 100 miners to hold 48 hours of mining in the mulitpool

Big fish bonus will be paid to the miners with most power held for 48 hours every two days.


Race to 1 million contest

This is a contest for twitter.

Rules:

Anyone can take part in the contest no need to be a cps holder.

Enter by sending a tweet and having over 100 followers.

Reward 5 BTC

No more then One entry per user every 60 min.

How to play:

Just send a tweet of the following:

I think the #CPScoin mulitpool will hit 1 million dallors on 09/18/2014 6:05 pm


Simply replace the time and date with your guess. All times will be set for US eastern time.


Onec the goal is hit we will find the twitter user with the best guess and they win 5 BTC.
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May 29, 2014, 04:30:19 PM
 #2

Just doing final testing on pool before release...
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May 29, 2014, 06:59:27 PM
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Just waiting on a few blockchains to finish downloading took longer then expected.

As long as we have a meaningful amount of power in the new mulitpool the price of CPS will be going up in next few days. Dont miss out. I expect CPS reward's to be back to the 10k per block range at the start. 
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June 01, 2014, 11:34:17 PM
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Pool paused while we investigate issue tracking worker shares.
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June 02, 2014, 07:26:54 PM
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Back online now.
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June 03, 2014, 12:40:42 AM
 #6

We need some miners to connect so we can finish testing.

If you have tried to connect but can't. please reply here.
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June 03, 2014, 03:07:01 AM
 #7

We have taken down the multipool as it needs a complex fix. Should take a few days to a week.

In order to keep things moving we have setup a temp scrypt mulitpool with Ghash.io

Stratum Server: multi.ghash.io:3333. Please use -scrypt -o stratum+tcp://multi.ghash.io:3333 in your command line. You should name your workers CPSpool.<CPSaddress> (e.g. CPSpool.CPSaddress)



This temp pool will work the same way the other one would. It will build CPS value by buying CPS on exchanges to pay miners and by building the buyback floor for the power vault.
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June 03, 2014, 03:19:39 PM
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Looks like no miners connected. If you are having issues connecting please let us know.
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June 14, 2014, 07:21:32 PM
 #9

We are still working on the main pool.

We have a temp pool setup for those of you wanting to see CPS value go up.

Name you worker CPSpool." Your CPS Address": Example you worker name should look something like this CPSpool.GCYFNFs3ndxmhqvejYyUb9cWbPSsZhZqVR

SHA 256 Stratum Servers: uk1.ghash.io:3333 or us1.ghash.io:3333
Scrypt Stratum Server: multi.ghash.io:3333
X11 Stratum Server: drk.ghash.io:3333

Payments will be made to you CPS address once per day. This pool will also create the CPS buyback pot.
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