gyanibilli
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Activity: 8
Merit: 0
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July 26, 2017, 06:54:08 AM |
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Why is NKA wallet under maintenance on Yobit? my coins are stuck in this boom time  |
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Isaaq.Almaguer
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July 26, 2017, 07:09:03 AM |
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Why is NKA wallet under maintenance on Yobit? my coins are stuck in this boom time same here bro. If anyone knows a way to get it out I'll be appreciative. They just keep sending me the usual excuse. |
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Craciun00
Newbie
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Activity: 54
Merit: 0
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July 26, 2017, 12:01:26 PM |
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Hi guys . I'm new in this forum and cryptocurrency world. I have a question . Actually I'm mining from incakoin wallet using the command frome console ( setgenerate true 4 ) . What I don't understand is this fact . I have moore than 8000 transasctions of inca , 3.28 each , but matured coins only 0.9878 . How much time is needed to mature all the transactions . I have readed about 5000 blocks for having reward .It is true ? thanks .
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DisasterFaster
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July 26, 2017, 12:31:02 PM |
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Hi guys . I'm new in this forum and cryptocurrency world. I have a question . Actually I'm mining from incakoin wallet using the command frome console ( setgenerate true 4 ) . What I don't understand is this fact . I have moore than 8000 transasctions of inca , 3.28 each , but matured coins only 0.9878 . How much time is needed to mature all the transactions . I have readed about 5000 blocks for having reward .It is true ? thanks .
The block timing is about 60 seconds but it does tend to vary a bit. Anyway if you do the math you got 24 hours a day times 60 minutes for an approximate amount of 1440 IncaCoin blocks a day. Since the confirmation time is 5000 blocks you have 5000 divided by 1440 or 3.47 days. So to answer your question you can generalize that the coins you mine will be ready to roll in roughly 3-4 days time. Glad to hear you're interested in and mining this coin. Did you know the coin has been ranking at the very top of all coins globally in terms of 24 hour value gain? Scroll back up and check out those screen shots and here is another one you might like to see!
IncaKoin smacks the #1 spot globally! If you're not mining/buying IncaKoin you're gonna miss out!
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Craciun00
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Activity: 54
Merit: 0
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July 26, 2017, 12:40:11 PM |
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Thank you DisasterFaster . I understand now . I knew it... incakoin will be a very profitable coin . That's why I started to mining it .
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PowerHemp
Legendary
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Activity: 1386
Merit: 1001
Ganja <3
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July 26, 2017, 01:57:35 PM |
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i see poll is closed
number of coins required to run a masternode
10000 - 11 (16.4%)
100000 - 9 (13.4%)
1000000 - 21 (31.3%)
10000000 - 26 (38.8%)
Total Voters: 67
10000000 is too expansive most of people (21+9+11) voted for less than 10000000 In my opinion 1000000 is ok for this coin yeah i found 10.000.000 a bit to high too because there can be at the moment maximum 900 masternodes and with 1.000.000 9000 masternodes. i voted for 1.000.000 because for dash you need 1.000 and have ~7.500.000 coins supply with this coin we have 9.000.000.000 = ~1000 times higher supply than dash so 1000x1000= 1million. thats the reason why i found thats the perfect amount for a masternode  |
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pshemek
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July 26, 2017, 08:30:28 PM |
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i voted wrong on 1 mill would have voted on 10 mill but pressed wrong botton. but 1 mill is way to less if it has to be another number then it should be min 5 mil.
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AU_AG
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July 26, 2017, 10:35:18 PM
Last edit: July 26, 2017, 10:45:59 PM by AU_AG |
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Why is NKA wallet under maintenance on Yobit? my coins are stuck in this boom time Yobitch is a Pump and dump site they use for their own gain and filled with bots. There is a group that on the trol box and they hype and u will see 1 sat buys to pump and dump. eventually, u can get them out but you will need to wait like 6 mo. |
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nastydevil
Newbie
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Activity: 14
Merit: 0
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July 26, 2017, 11:00:00 PM |
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The block timing is about 60 seconds but it does tend to vary a bit. Anyway if you do the math you got 24 hours a day times 60 minutes for an approximate amount of 1440 IncaCoin blocks a day. Since the confirmation time is 5000 blocks you have 5000 divided by 1440 or 3.47 days. So to answer your question you can generalize that the coins you mine will be ready to roll in roughly 3-4 days time.
Glad to hear you're interested in and mining this coin. Did you know the coin has been ranking at the very top of all coins globally in terms of 24 hour value gain?
Scroll back up and check out those screen shots and here is another one you might like to see!
thx man I was looking for that answer! |
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Blockhunter
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July 26, 2017, 11:15:57 PM |
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i see poll is closed
number of coins required to run a masternode
10000 - 11 (16.4%)
100000 - 9 (13.4%)
1000000 - 21 (31.3%)
10000000 - 26 (38.8%)
Total Voters: 67
10000000 is too expansive most of people (21+9+11) voted for less than 10000000 In my opinion 1000000 is ok for this coin read back on the forum and you will see the dev plans to launch what the community votes on and he also plans on reducing the amount needed after. Just have some patience there is a lot of work to be done first. |
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Blockhunter
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July 27, 2017, 12:32:41 AM |
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IN THE MEANTIME BUY A BITCOIN HAT WITH SOME INCAKOIN's WITH YOUR STAKE PROFIT!
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Blockhunter
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July 27, 2017, 12:36:06 AM |
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i see poll is closed
number of coins required to run a masternode
10000 - 11 (16.4%)
100000 - 9 (13.4%)
1000000 - 21 (31.3%)
10000000 - 26 (38.8%)
Total Voters: 67
10000000 is too expansive most of people (21+9+11) voted for less than 10000000 In my opinion 1000000 is ok for this coin |
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gallery2000
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July 27, 2017, 08:13:35 AM
Last edit: July 27, 2017, 08:30:16 AM by gallery2000 |
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This doesn't seem right. every minute 1 block is being mined. 1 block = 3.28 NKA. In 1 hour you could get 60 blocks MAX ==> 196 NKA. In one day you could get MAX of 4725. That would be $1.94 a day MAX, but realistically, you would get 30% of that which equals 57 cents. Not worth to mine this coin. So it is cheaper to buy the coin then mine. Even if you have the fastest mining equipment, the bottle neck is 1 block per minute.
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Blockhunter
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July 27, 2017, 08:47:04 AM |
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This doesn't seem right. every minute 1 block is being mined. 1 block = 3.28 NKA. In 1 hour you could get 60 blocks MAX ==> 196 NKA. In one day you could get MAX of 4725. That would be $1.94 a day MAX, but realistically, you would get 30% of that which equals 57 cents. Not worth to mine this coin. So it is cheaper to buy the coin then mine. Even if you have the fastest mining equipment, the bottle neck is 1 block per minute.
exactly! Except no one here can predict the future, if they could they would have mined it at launch and staked it and they would have a bunch of the supply. If it goes to much higher prices maybe we wish we mined now too and stake that and double your rewards yearly and compound that effort again and again snd now you have something. But there are plenty of coins that you can ROI much faster but sometimes slow and steady wins the race. Hard to tell with any coin. Anything can happen. |
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Craciun00
Newbie
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Activity: 54
Merit: 0
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July 27, 2017, 09:15:52 AM |
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Craciun00
Newbie
Offline
Activity: 54
Merit: 0
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July 27, 2017, 10:23:15 AM |
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DisasterFaster
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July 27, 2017, 10:37:37 AM |
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This doesn't seem right. every minute 1 block is being mined. 1 block = 3.28 NKA. In 1 hour you could get 60 blocks MAX ==> 196 NKA. In one day you could get MAX of 4725. That would be $1.94 a day MAX, but realistically, you would get 30% of that which equals 57 cents. Not worth to mine this coin. So it is cheaper to buy the coin then mine. Even if you have the fastest mining equipment, the bottle neck is 1 block per minute.
I agree with you in that if you do the math on a day to day mining basis you can't ROI this coin right now. I also agree with these other posters that are saying the coin stakes and can gain in value so in the long run that mining could pay off. Now with all that being said I want to point out that there are current discussions to change the block reward on this coin. This is to address the point which you precisely made and past that to help encourage mining which will help secure the network. Question is a bit of mathematics will need to be done in order to decide what the block reward should be changed to. Based on your quick math you arrived at .57 a day. If you're math is in the ball park I would say a block reward of 50 would start looking very good to a miner. An IncaKoin block reward of 50 would tweak your numbers to something more like $8.70 a day. I suppose whoever decides on what the new block reward is will also need to consider that as that change brings in more miners the difficulty level will go up so maybe the block reward would need to be more than 50. If we have any experienced miners running around the place I'd love to hear your input on what you think would be a good block reward number to generate good interest in mining this coin  EDIT: One other thing I forgot to mention that does matter. This coin mines right from the wallet with just a cpu. This makes it very miner friendly for a newbie since you wouldn't have to setup and run mining software nor join a mining pool. The bar for mining this coin is very low and one doesn't need high dollar ASICS, video cards, advanced technical knowledge etc. etc. |
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gallery2000
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July 27, 2017, 01:13:18 PM
Last edit: July 27, 2017, 02:00:48 PM by gallery2000 |
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This doesn't seem right. every minute 1 block is being mined. 1 block = 3.28 NKA. In 1 hour you could get 60 blocks MAX ==> 196 NKA. In one day you could get MAX of 4725. That would be $1.94 a day MAX, but realistically, you would get 30% of that which equals 57 cents. Not worth to mine this coin. So it is cheaper to buy the coin then mine. Even if you have the fastest mining equipment, the bottle neck is 1 block per minute.
exactly! Except no one here can predict the future, if they could they would have mined it at launch and staked it and they would have a bunch of the supply. If it goes to much higher prices maybe we wish we mined now too and stake that and double your rewards yearly and compound that effort again and again snd now you have something. But there are plenty of coins that you can ROI much faster but sometimes slow and steady wins the race. Hard to tell with any coin. Anything can happen. Most coins work like this: When it is cheap you can mine really easily to encourage more miners. Then as the coin gets more expensive, the mining gets harder. Maybe, the one that has the most coins should encourage people to mine and give them incentive like if you mine 1,000 coins I will give you a million coins on top of that. |
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