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Author Topic: [ANN] 10k Coin | Now with 10% PoS and 10000% Superblocks | 10k/MMXIV Market OPEN  (Read 184713 times)
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iGotSpots
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February 02, 2015, 04:47:53 AM
 #1

After weeks of testing, we finally bring present to you... Experiment 10k
In an effort to be fair to those who miss the launch, newly mined blocks will stake for 0.00 and need to be moved


     

Significant changes in the 10k Version 2.0.2 Hard Fork:
I've heard your concerns. It's inflating too fast, we know. I have an idea to slow it down significantly while still giving the huge lottery bonus and keeping the 10k name intact!

Changes to Stake Rate
  • Stake rewards start fluctuating at Block 360,000
  • There will be ninety blocks at 10% Stake Rate
  • Following those will be 10 blocks at 10,000%
  • These waves will happen every 50 minutes

Basically, every (almost) hour there is a lottery with 10 winners who win 10,000% stake rate for that block, while the other 90 will be at 10%. The reason I chose 100 block cycles is because being slightly less than 50 minutes will ensure the massive blocks aren't always at x:30 or x:00 and add a bit of variance to when the large blocks will hit


Stake Reward Structure in its entirety is as follows:

Code:
int64 GetProofOfStakeRewardYear(int nHeight) {
static int64 nBaseCoinYear = 10000 * CENT;
static int64 nMaxPercent = 100;
static int64 nReward = 0;
if (nHeight < 360000) {
return nBaseCoinYear;
} else {
if (nHeight % 100 <= 9) {
nReward = 10000;
} else {
nReward = 10;
    }
    return nReward * CENT;
    }
 }

     



10k Coin
If you mine, hold, stake, trade, or use this coin for any reason, you understand that things may get out of hand. All problems will be fixed as they come up, but bear in mind this is an extreme coin that may become unpredictable. It is imperative that we have staking data for exchange-sized inputs...for...reasons...

10k will test the limitations of our hardware staking units for MMXIV and BALLS. The coin may, at any time, be hard forked. Amount of inputs matter on resources, so this is an essential public test that must be on its own fork. There are certain points of data you cannot replicate on testnet. I will always give a 1 week notice of a hard fork should it be needed, unless an immediate threat arises

Future Updates via  --  http://www.twitter.com/PurePoS  --  Twitter Updates

Please read through this carefully before participating. It may become worth something, or it may be useless. For our purposes, the results and performance of this network will be invaluable data we are never able to replicate on testnet


     


Announcements
Staking starts right away
Mining continues until Block 100,000


Mining
  • 1 coin per PoW Block
  • Block Time is irrelevant
  • 100,000 SHA256 PoW Blocks
  • Estimated Mining Yield of 68,000


6 Pools Signed Up For Launch

Staking
    Changes to Stake Rate
    • Stake rewards start fluctuating at Block 360,000
    • There will be ninety blocks at 10% Stake Rate
    • Following those will be 10 blocks at 10,000%
    • These waves will happen every 50 minutes
    • Protocol will not switch
    • 1 Hour Deposit Maturity
    • Fast time between stakes
    • Max coinage will be 16 days
    • Constant staking will never make it to 16 days
    • To maximize staking yield, reset coinage upon receiving a stake for 0.00
      • Encourages active, 'manual' minting, while keeping inflation controlled without limiting stake or raising fees. 0 return means you have split as low as you can go. That stake round is over
    • Six Decimals. Plan accordingly


    Block Explorers

    This is meant to be an extreme stress test and will be treated as seriously as possible for the needs of the dedicated staking hardware available. Not only are we testing the extremes of the staking units, but also pushing the limits of what a Proof of Stake coin can handle. Don't listen to either hype or fud; make your own decisions on whether this coin is worth the risk for you or not before contributing any time or resources to the network
     



    What is this?
    Put simply, I've had a lot of requests to do something with Nxt and until now I never really had a reason to. I've been convinced that there is an opportunity for us to get more people involved with these coins. We have GorillaStk on Nxt, also on SAE, which will be open fairly soon. These will be used to trade in for either 10k or BALLS and get a Cloud Staking Plan included. These will be sold in waves; size of sales undetermined and timing unknown, but price will never change. First wave will open very, very soon. Instead of an investment opportunity, think of this as a cheap voucher you can use yourself or give to a friend. Essentially, it's a $40 coupon for about 50 cents with no expiration date that is transferable and may or may not be worth more in the future

    Trade in Rates
    • You will receive 10 x BALLS for 1 token OR
    • You will receive 1 x 10k Coin for 1 token
                            - AND -
    • An address that stakes on a GorillaStake server until at least January 16th, 2016
      • Coins are transferred to a new address and you will be sent the Private Key
        • Private Keys purchased via Nxt will be sent through Nxt encrypted message
    • We reserve the right to extend the staking period at any time. It will not be cut short
    • When redeeming for cloud staking, please include which coin you would like in your transfer note


    How much is it?
    The price will be 50 Nxt per token. This price includes both the coin ratio listed above, as well as an address staking for nearly a year. Signing up on our website is $20 for six months. This program is designed to make it easier to involve new people in cloud staking while funding the address with a small amount to get them started. For just a few satoshis, you can purchase an address for a friend and get them a small balance to get going on a cloud staking server...or use it for yourself!


    This doesn't seem like a good idea
    It is, though. If you were to grab an address on GorillaStake by itself, they are $20 for 6 months. We know this is a very solid price point as many people have already registered and were more than happy to pay that small fee. This is a way for us to include new members of crypto that are not currently involved. This price was decided after much deliberation and the reason is simple. Right now, both of these coins are at as low a price as they have seen in a while. At this price point and the amount of tokens that will be available, I will be able to cover the balances if every single one was sold, regardless of the market price. This means that if the price goes up even in the slightest, these tokens will be worth more and more. They come with a small balance to prove how well GorillaStake works before you deposit more coins and put more trust into our system. If you are unsure whether GorillaStake is for you, or just want to have a way to get a friend involved quickly and for pennies, this is the program for you!


    If this is not for you or it seems like a bad deal, please do not buy it. This was requested by many people and they are our target market
    This promotion will be successful whether we sell all the tokens or none at all; it doesn't matter. This is simply a way for us to expand our user base



    [/list]

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    Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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    alinda
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    February 02, 2015, 04:49:09 AM
     #2

    where is working pool ?

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    Mine the hottest new coins at ipoMiner.com


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    February 02, 2015, 04:50:21 AM
     #3

    The wallet doesn't get any peers or sync.

    Mine the hottest new coins at ipoMiner.com!
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    February 02, 2015, 04:51:13 AM
     #4

    Still doesn't synch.
    iGotSpots
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    February 02, 2015, 04:53:30 AM
     #5

    Seednodes are up, but..

    addnode=98.174.25.33
    addnode=23.92.61.98

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    February 02, 2015, 04:54:54 AM
     #6

    {
    "blocks" : 16,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 240.25433195,
    "errors" : "",
    "generate" : false,
    "genproclimit" : -1,
    "hashespersec" : 0,
    "netstakeweight" : 0.00000000,
    "stakeweight" : {
    "minimum" : 0,
    "maximum" : 0,
    "combined" : 0
    },
    "networkghps" : 0.00357026,
    "pooledtx" : 0,
    "testnet" : false
    }

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    February 02, 2015, 05:07:05 AM
     #7

    wallet wont sync, pools dont work :/

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    Syndicate - Business Management Platform


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    February 02, 2015, 05:12:49 AM
     #8

    Good luck with your launch.

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    between a rock and a block!


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    February 02, 2015, 05:15:50 AM
     #9

    Where's the source code?

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    February 02, 2015, 05:17:27 AM
     #10

    Where's the source code?

    https://github.com/iGotSpots/10k

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    February 02, 2015, 05:32:55 AM
     #11

    None of the pools listed are working for me.  Anyone else?
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    February 02, 2015, 05:41:04 AM
     #12

    None of the pools listed are working for me.  Anyone else?

    I'm not sure if those pools are setup yet since the coins just launched and the source has just been posted. The difficulty is low and you can solo mine it.

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    February 02, 2015, 05:42:04 AM
     #13

    im soloing it but all the blocks are getting orphaned

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    February 02, 2015, 05:50:05 AM
     #14

    Over 3700 blocks mined without pools nice scam and instamine dev.

    I have 12, actually. Waiting on pools, too. Blow me





    I know that the Dev only has a few blocks since I picked up quite a few. I also paused my miner some to let other get some easy blocks

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    February 02, 2015, 06:05:37 AM
     #15

    I am mining at https://10k.coin-miners.info

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    February 02, 2015, 06:09:10 AM
     #16


    Ah, I knew a pool came online since I'm getting lots of rejects now with some found blocks.

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    February 02, 2015, 06:18:43 AM
     #17

    Over 3700 blocks mined without pools nice scam and instamine dev.

    I have 12, actually. Waiting on pools, too. Blow me





    I know that the Dev only has a few blocks since I picked up quite a few. I also paused my miner some to let other get some easy blocks


    Thanks for posting that

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    February 02, 2015, 06:21:34 AM
     #18

    Uh.. Release at the worst time possible.. Sad

    I'm online with suprnova but getting mostly orphans/rejects

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    February 02, 2015, 06:22:20 AM
     #19

    Uh.. Release at the worst time possible.. Sad

    I'm online with suprnova but getting mostly orphans/rejects

    Every time is bad for someone. Thanks for putting it up, glad you're around again

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    February 02, 2015, 06:45:31 AM
     #20

    Guys you seriously need to spread the hash around - the diff is still so low that probably solomining is still the best idea, there is no way that the pool can keep up with this fast block times, were still finding several blocks per second - the cronjobs are already hanging late about 10 minutes and lag is still rising.

    I'm seriously thinking about shutting the pool and firing it up later on again - its just not working like this

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