SevenCoin (OP)
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June 14, 2014, 07:39:08 PM Last edit: June 16, 2014, 08:33:58 PM by SevenCoin |
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raskul
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June 14, 2014, 07:39:35 PM |
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what happened to your other thread?
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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mafia
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June 14, 2014, 07:40:47 PM |
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interesting, so how long would it take to mine all 7 coins?
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old fart
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Bitcoin is the future
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June 14, 2014, 07:54:30 PM |
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Seven is a Lucky Number ! Who says this, I never heard that before?
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Vann
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June 14, 2014, 08:01:51 PM |
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Insta-mined garbage in search of bigger fools. A simple copy clone with ZERO innovation is NOT rare. Any other unoriginal coin EXACTLY like it with however many coins you wish can be created in a matter of hours by ANYONE including the 'dev' once he moves on to his next scam.
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NewWorldCoiner
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June 14, 2014, 08:02:07 PM |
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interesting, so how long would it take to mine all 7 coins?
Looks like more than 1300 years. And the premine is 0.07 Sevencoin. So it will take around 190 years to mine 1 Sevencoin Which means the premine is worth 13.3 years of mining. Don't think I'll be mining or trading this one.
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SevenCoin (OP)
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June 14, 2014, 09:14:07 PM |
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Insta-mined garbage in search of bigger fools. A simple copy clone with ZERO innovation is NOT rare. Any other unoriginal coin EXACTLY like it with however many coins you wish can be created in a matter of hours by ANYONE including the 'dev' once he moves on to his next scam.
Who tell that this coin don't have innovations ? Or you want to mean that innovations can be only in the algo ? This coin is pools and big asics resistant, with a fix retarget and a firewall for block the instamining. Never see like this before. Can I ask you what is your job in RL ?
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lubing7683
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June 14, 2014, 09:50:39 PM |
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is the units of Bounties satoshi?
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mumus
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June 15, 2014, 05:38:57 AM |
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Nice joke. If you don't have difficulty re-target then how can you keep the block time on 7 Minutes? With difficulty 1 a fast ASIC miner will find all the block in no time and all depends on how fast it can push it to the wallet daemon and how fast it can push out to the network. Let's say this coin will have an exchange and will have some real value. Just imagine hundreds of nodes in the network pushing out blocks at a rate of 10-100/s. I think multiple forks will be inevitable at this rate.
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tlscoin
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June 15, 2014, 06:12:51 AM |
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SevenCoin (OP)
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June 15, 2014, 12:31:25 PM |
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Nice joke. If you don't have difficulty re-target then how can you keep the block time on 7 Minutes? With difficulty 1 a fast ASIC miner will find all the block in no time and all depends on how fast it can push it to the wallet daemon and how fast it can push out to the network. Let's say this coin will have an exchange and will have some real value. Just imagine hundreds of nodes in the network pushing out blocks at a rate of 10-100/s. I think multiple forks will be inevitable at this rate. all specialist here. I'm very much lucky. Why you talk before see the code ? I already told that we have set a special firewall that will reject fast blocks. This feature give a resistant for big asics and for every fork attemps. Also the diff at 1 give the same opportunity to every, fast and slow asics
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mumus
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June 15, 2014, 01:57:00 PM |
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Nice joke. If you don't have difficulty re-target then how can you keep the block time on 7 Minutes? With difficulty 1 a fast ASIC miner will find all the block in no time and all depends on how fast it can push it to the wallet daemon and how fast it can push out to the network. Let's say this coin will have an exchange and will have some real value. Just imagine hundreds of nodes in the network pushing out blocks at a rate of 10-100/s. I think multiple forks will be inevitable at this rate. all specialist here. I'm very much lucky. Why you talk before see the code ? I already told that we have set a special firewall that will reject fast blocks. This feature give a resistant for big asics and for every fork attemps. Also the diff at 1 give the same opportunity to every, fast and slow asics Sorry if I sounded like trolling, I didn't meant to offend you, usually it's not my style. I'm curious to see the implementation of your vision. Just wasn't clear how you can accomplish to goal of this coin. It sounds like you are trying to introduce another factor to limit the block rate which originally the difficulty re-targeting was designed for. The question is how you'll be able to decide which node will get less or more coins, if it's not based on hash rate. Each node can submit a limited number of block? In this case one can install hundreds of nodes load balancing a big ASIC miner between them. It's true that it's harder but the network still can be exploited by powerful miners.
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SevenCoin (OP)
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June 15, 2014, 08:23:08 PM |
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Sorry if I sounded like trolling, I didn't meant to offend you, usually it's not my style. I'm curious to see the implementation of your vision. Just wasn't clear how you can accomplish to goal of this coin. It sounds like you are trying to introduce another factor to limit the block rate which originally the difficulty re-targeting was designed for. The question is how you'll be able to decide which node will get less or more coins, if it's not based on hash rate. Each node can submit a limited number of block? In this case one can install hundreds of nodes load balancing a big ASIC miner between them. It's true that it's harder but the network still can be exploited by powerful miners.
Sorry you too, not simple in this jungle to understand who want to troll only and who ask serious questions. No it's not node limits. At first many big Asics (standalone version) don't work in getwork. They work only on stratum protocol. This Asics will not able to mine SevenCoin. Another limit it's with the timewall. No blocks will be accepted before timespan. It means that all nodes have time for sync correctly, malicious people cannot fork the network and it give the opportunity to slow ASICs to find a block. The diff fixed at 1 guarantees only that this last word will true.
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nwfella
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Well hello there!
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June 15, 2014, 08:30:09 PM |
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I do love the prime number 7. Will be watching this thread, if it actually starts to gain a little traction I'll consider pointing a couple of my Heat-Box BFL's at it to see how it goes
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¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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alexrossi
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June 16, 2014, 05:49:48 AM |
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Too much premine, 13 years for recovering the gap is an insanely high amount of time. Let's say that your coin isn't dump resistant
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raskul
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June 16, 2014, 09:06:21 AM |
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Too much premine, 13 years for recovering the gap is an insanely high amount of time. Let's say that your coin isn't dump resistant i'm gonna have to agree with that. it's such a shame, here we have a great idea for a coin, and the dev decides to take a lions share for himself, while trying to advise us that - you can only mine it if you want a small amount (small mining rigs only) clueless dot com
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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SevenCoin (OP)
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June 16, 2014, 09:33:45 AM |
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Too much premine, 13 years for recovering the gap is an insanely high amount of time. Let's say that your coin isn't dump resistant All coin's devs take 1% of premine, what change here ? If you have a good matemathic mind you will see that 1% of one bilion and 1% of one thousand, for example, it's the same thing. And ignore raskul without problem, he is a troll that make shit in all coin's threads.
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raskul
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June 16, 2014, 09:36:06 AM |
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Too much premine, 13 years for recovering the gap is an insanely high amount of time. Let's say that your coin isn't dump resistant All coin's devs take 1% of premine, what change here ? If you have a good matemathic mind you will see that 1% of one bilion and 1% of one thousand, for example, it's the same thing. BTCnot true, I invest in good solid, trustworthy coins and have a range of wallets on my computers. You are feeding on those less knowledgable. I will be pleased to balance the conversation so that people know exactly what they are buying into. a 1% premine is not a good thing, and you should explain what it will be used for, in detail.
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tips 1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
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SevenCoin (OP)
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June 16, 2014, 09:40:16 AM |
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Too much premine, 13 years for recovering the gap is an insanely high amount of time. Let's say that your coin isn't dump resistant All coin's devs take 1% of premine, what change here ? If you have a good matemathic mind you will see that 1% of one bilion and 1% of one thousand, for example, it's the same thing. BTCnot true, I invest in good solid, trustworthy coins and have a range of wallets on my computers. You are feeding on those less knowledgable. I will be pleased to balance the conversation so that people know exactly what they are buying into. a 1% premine is not a good thing, and you should explain what it will be used for, in detail. right, many take BTC with IPO before, and something after IPO take premine too. I've see many no-premined coins die because dev gone after little time. I don't want to gone and I don't want to dump. If people trust will trust in this coin, it will be a big project for a long time. And if you are a smart guy, you will understand it. If not pity for you.
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alexrossi
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June 16, 2014, 09:42:05 AM |
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Too much premine, 13 years for recovering the gap is an insanely high amount of time. Let's say that your coin isn't dump resistant All coin's devs take 1% of premine, what change here ? If you have a good matemathic mind you will see that 1% of one bilion and 1% of one thousand, for example, it's the same thing. And ignore raskul without problem, he is a troll that make shit in all coin's threads. Damn, it's hard to understand that on this coin 1% is too much? If the reward per block was 100 times higher also 2-3% was ok, but with a satoshi reward you have in your dumper hands too much control.
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