[ANN] SevenCoin [Very Rare][SHA256][OLD ASIC][SOLO MINING][NO Pools][BOUNTIES]

[SevenCoin]

Chinese translation:http://www.btclt.cn/thread-3519-1-1.html

Can you do it in this forum too please ?

[1713627971]

1713627971

[1713627971]

1713627971

[1713627971]

1713627971

[alexrossi]

Interesting coin, time to dust off my jalapeno.
Can i ask you to provide a list of compatible solo asic miners?

[SevenCoin]

Interesting coin, time to dust off my jalapeno.
Can i ask you to provide a list of compatible solo asic miners?

I don't have a list, but I'm sure that all 55nm Asic chips working. Your jalapeno it's 55nm and will work fine.

I've try some USB Asics, like ANTMiner single, and working fine. KNC Jupiter work at around 70 GH/s. TerraHash 1.6TH don't work.

[raskul]

TerraHash 1.6TH don't work.

they would work; if the owner was to set up, a private pool.

you will find, that this may happen at your launch, you won't be able to avoid it, i'm afraid - and your coin will be forked before you can say 'confirmed block'. Anything that you can solo mine to a wallet, you can set up a pool for.

here's a hypothesis for you;

big garage full of 1TH/s dragon miners and a geek with far too much time on his hands; installs a private pool on DO and compiles the wallet on launch. 20 minutes later, he hooks up his 20 x 1TH/s dragons and plunders your 1seventoshi blocks until he has mined enough to give him a jolly good laugh. Then he switches to failover, for 5 mins, then pushes his rigs back onto your coin, via his private pool.

coin forks to his node;

this is called: The Point of No Return.

I hope that you really have got some protection for all the little miners who intend to be part of this because to me, as I see it, nothing is foolproof and specifying a 1seventoshi block reward, does nothing to stop the above scenario.

[SevenCoin]

TerraHash 1.6TH don't work.

they would work; if the owner was to set up, a private pool.

you will find, that this may happen at your launch, you won't be able to avoid it, i'm afraid - and your coin will be forked before you can say 'confirmed block'. Anything that you can solo mine to a wallet, you can set up a pool for.

here's a hypothesis for you;

big garage full of 1TH/s dragon miners and a geek with far too much time on his hands; installs a private pool on DO and compiles the wallet on launch. 20 minutes later, he hooks up his 20 x 1TH/s dragons and plunders your 1seventoshi blocks until he has mined enough to give him a jolly good laugh. Then he switches to failover, for 5 mins, then pushes his rigs back onto your coin, via his private pool.

coin forks to his node;

this is called: The Point of No Return.

I hope that you really have got some protection for all the little miners who intend to be part of this because to me, as I see it, nothing is foolproof and specifying a 1seventoshi block reward, does nothing to stop the above scenario.

You are our new Julius Verne. You have to look for write a book.... Yes write this book and forget about our coin 

[raskul]

TerraHash 1.6TH don't work.

they would work; if the owner was to set up, a private pool.

you will find, that this may happen at your launch, you won't be able to avoid it, i'm afraid - and your coin will be forked before you can say 'confirmed block'. Anything that you can solo mine to a wallet, you can set up a pool for.

here's a hypothesis for you;

big garage full of 1TH/s dragon miners and a geek with far too much time on his hands; installs a private pool on DO and compiles the wallet on launch. 20 minutes later, he hooks up his 20 x 1TH/s dragons and plunders your 1seventoshi blocks until he has mined enough to give him a jolly good laugh. Then he switches to failover, for 5 mins, then pushes his rigs back onto your coin, via his private pool.

coin forks to his node;

this is called: The Point of No Return.

I hope that you really have got some protection for all the little miners who intend to be part of this because to me, as I see it, nothing is foolproof and specifying a 1seventoshi block reward, does nothing to stop the above scenario.

You are our new Julius Verne. You have to look for write a book.... Yes write this book and forget about our coin 

You misunderstand.
I want to give this some hashpower, it looks like a fun project. My concerns are very real, please address them.

ps: been there, done that http://www.amazon.co.uk/666-Stitches-Russell-Gray-Sneddon/dp/1411684036

[ReRunRod]

TIME TO BUST OUT MY CELLPHONE!

[ReRunRod]

7 is also my lucky #. The day of my birthday follows with it

[Wolf Rainer]

I reserve the professional promotional video, it will be ready after the coin hit an exchange.

[TheCoinFinder]

Wait.. so you are saying there will only ever be 7 coins. AND These 7 coins are indivisible (ie no sub parts or fractions)...

Then....

How do you premine 1%???

[raskul]

Wait.. so you are saying there will only ever be 7 coins. AND These 7 coins are indivisible (ie no sub parts or fractions)...

Then....

How do you premine 1%???

Block rewards are indivisible.

[TheCoinFinder]

Block rewards are indivisible.

So are the transactions presumably?

So if there is 1% of premine.. will one block contain 0.93 of a coin? or will this be 7.07 coins

[workminer]

I  have the old machine

[SevenCoin]

Block rewards are indivisible.

So are the transactions presumably?

So if there is 1% of premine.. will one block contain 0.93 of a coin? or will this be 7.07 coins

You have little and confused ideas the block reward is indivisible because it's of one satoshi.

[gjhiggins]

The idea has already been explored -- and the coin relaunched earlier this year:

https://bitcointalk.org/index.php?topic=426322.0

Cheers,

Graham

[TheCoinFinder]

Block rewards are indivisible.

So are the transactions presumably?

So if there is 1% of premine.. will one block contain 0.93 of a coin? or will this be 7.07 coins

You have little and confused ideas the block reward is indivisible because it's of one satoshi.

Again.. so how do you get 1% premine?

[SevenCoin]

Block rewards are indivisible.

So are the transactions presumably?

So if there is 1% of premine.. will one block contain 0.93 of a coin? or will this be 7.07 coins

You have little and confused ideas the block reward is indivisible because it's of one satoshi.

Again.. so how do you get 1% premine?

I will get it from the totally amount.  

[raskul]

The idea has already been explored -- and the coin relaunched earlier this year:

https://bitcointalk.org/index.php?topic=426322.0

Cheers,

Graham

no premine.

good.

[MsCollec]

I will stay far away from this coin.

Good luck losing your money on this shit coin by raskul

[TheCoinFinder]

Block rewards are indivisible.

So are the transactions presumably?

So if there is 1% of premine.. will one block contain 0.93 of a coin? or will this be 7.07 coins

You have little and confused ideas the block reward is indivisible because it's of one satoshi.

Again.. so how do you get 1% premine?

I will get it from the totally amount.  

The Total 1% amount of 7 indivisible coins?