SMAC-Media (OP)
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Activity: 103
Merit: 10
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March 05, 2015, 03:13:33 PM |
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Update: 1st account has been acquired.
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penoze
Legendary
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Activity: 1235
Merit: 1003
https://minepi.com/cryptomeneer
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March 05, 2015, 03:52:28 PM |
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Great work Dev!!
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Soul_eater_123
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Activity: 952
Merit: 1000
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March 05, 2015, 04:39:31 PM |
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Update: 1st account has been acquired.
Awesome. Let's also look at a more catchy and less druggy name. |
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SMAC-Media (OP)
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Activity: 103
Merit: 10
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March 05, 2015, 05:30:59 PM |
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Does the community have any suggestions for a new name?
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paycum
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March 05, 2015, 05:35:05 PM |
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Does the community have any suggestions for a new name?
maybe just use SMA instead of SMAC but i dont really mind, smac sounds good, who cares it looks like scam |
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Penn.3D
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March 05, 2015, 05:41:51 PM |
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Update: 1st account has been acquired.
Awesome. Let's also look at a more catchy and less druggy name. You can't pronounce sma but you can pronounce SMAC. I actually like it and the fact that it sounds like a drug to me is a plus :-) |
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brightlight
Legendary
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Activity: 1288
Merit: 1000
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March 05, 2015, 06:44:34 PM |
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Still just 545k coins
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brightlight
Legendary
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Activity: 1288
Merit: 1000
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March 05, 2015, 07:08:50 PM |
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PoS gives very small rewards. Better for max supply.
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Soul_eater_123
Legendary
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Activity: 952
Merit: 1000
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March 05, 2015, 07:31:32 PM |
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Does the community have any suggestions for a new name?
SMA can't be used because it's a terrible name and it's also a brand of baby milk in the UK/Europe. Whilst some crypto people may like the SMAC name it sounds terrible from a branding perspective. Having done a bit of research on marketing and social psychology, the best brand names tend to be single words which don't necessarily describe the product but have some aspect or feeling which the brand would like to embody. I would suggest a single word, used on it's own without the addition of "coin" would be best (adding coin sounds clumsy and gives a limited impression - it acts as a psychological restraint and binds the concept to Bitcoin). |
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boxxa
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March 05, 2015, 07:38:25 PM |
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I want to thank the "SMAC heads" (ya I am going with that) for the support the last 24 hours. We hit a snag in the block chain but have resolved it. The low PoW rewards are not profitable to mine so we do not have pools pointing large hash power at our block chain so when the initial miners were disconnected, the network was left on its own fighting for PoS and PoW blocks causing orphaned transactions and chains which flagged on Bittrex causing the wallet shutdown.
There was no issues with the block chain such as hidden block rewards or premines. The block generation causing orphans just was enough to cause some concern. We have turned on some miners to move the chain along and will continue to monitor.
We are also back above ICO price after the initial dumps (Why dump at a 40% loss still confuses me) and have more news coming this week with some project updates as well.
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brightlight
Legendary
Offline
Activity: 1288
Merit: 1000
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March 05, 2015, 07:46:21 PM |
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I want to thank the "SMAC heads" (ya I am going with that) for the support the last 24 hours. We hit a snag in the block chain but have resolved it. The low PoW rewards are not profitable to mine so we do not have pools pointing large hash power at our block chain so when the initial miners were disconnected, the network was left on its own fighting for PoS and PoW blocks causing orphaned transactions and chains which flagged on Bittrex causing the wallet shutdown.
There was no issues with the block chain such as hidden block rewards or premines. The block generation causing orphans just was enough to cause some concern. We have turned on some miners to move the chain along and will continue to monitor.
We are also back above ICO price after the initial dumps (Why dump at a 40% loss still confuses me) and have more news coming this week with some project updates as well.
Thank you for an update! |
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SMAC-Media (OP)
Member
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Activity: 103
Merit: 10
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March 05, 2015, 08:28:17 PM |
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Second account has been acquired, we now have a reach roughly around 250k.
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paycum
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March 05, 2015, 08:51:32 PM |
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Second account has been acquired, we now have a reach roughly around 250k.
Great, looking forward to the updates. Also dont forget to update the first page as well as new investors read that at first. |
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SimkoMiner
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March 05, 2015, 08:52:53 PM |
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How should I understand this?
PoW Block Rewards:
Block 1: 543122.743
Block 2-2881: 0 block reward (Allow movement of ICO coins and 24 hour fair wallet distribution)
Block 2882-7202: 1 SMAC
PoW Mining will end after block 5763 (1 day of 0 reward/3 days of 1 SMAC) and transition to 100% PoS
So when is the pow ending, at block 7202 or 5763?
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boxxa
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March 05, 2015, 10:03:37 PM |
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How should I understand this?
PoW Block Rewards:
Block 1: 543122.743
Block 2-2881: 0 block reward (Allow movement of ICO coins and 24 hour fair wallet distribution)
Block 2882-7202: 1 SMAC
PoW Mining will end after block 5763 (1 day of 0 reward/3 days of 1 SMAC) and transition to 100% PoS
So when is the pow ending, at block 7202 or 5763?
Nice catch. The ANN was updated with the new structure after the release with the extension of 0 SMAC rewards but the bottom line was not. The last POW block as specified in the code is infact: 7202 to account for the padding 0 reward days. |
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Penn.3D
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March 05, 2015, 10:26:33 PM |
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Thank you devs for the updates!!!  Question....I have had my wallet open and unlocked for over 24 hours (I even disabled sleep mode and lock screen on my computer to be certain!) and it says "staking" in the bottom right hand corner of the wallet but as far as I can tell I haven't received any coins. Is there something else I need to be doing in order to get the coins? Thank you! |
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Soul_eater_123
Legendary
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Activity: 952
Merit: 1000
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March 05, 2015, 10:41:25 PM |
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Thank you devs for the updates!!! Question....I have had my wallet open and unlocked for over 24 hours (I even disabled sleep mode and lock screen on my computer to be certain!) and it says "staking" in the bottom right hand corner of the wallet but as far as I can tell I haven't received any coins. Is there something else I need to be doing in order to get the coins? Thank you! Does it say an amount under STAKE (right under where it says SPENDABLE)? It should have an amount showing how many coins are staking (as opposed to the spendable coins above). If the STAKE value is greater than 0 then you should be staking. I've noticed it can take a while for the amounts that are "mined" via staking to appear on the right hand side transaction list but as long as that value is not 0 something should be appearing within 24 hours. Might also be worth double checking that the wallet is definitely unlocked - I've had a couple of occasions where I thought it was, checked and it wasn't! |
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Penn.3D
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March 06, 2015, 12:26:48 AM |
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It says 0 under staking :-( maybe I have to wait longer or something? I'll update you tomorrow. Thanks for the help btw!
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SimkoMiner
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March 06, 2015, 05:30:37 AM |
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And again no news is coming for 1 hour and people start dumping. Marvelous! Panic everywhere. But thanks I will have to buy your cheap coins again for 6K  |
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SMAC-Media (OP)
Member
Offline
Activity: 103
Merit: 10
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March 06, 2015, 06:33:04 AM |
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And again no news is coming for 1 hour and people start dumping. Marvelous! Panic everywhere. But thanks I will have to buy your cheap coins again for 6K 24hrs is the minimum amount of time that is required for coins to be eligible for staking. |
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