DEAD

[Nthused]

ILT on Bittrex https://www.bittrex.com/Market/?MarketName=BTC-ILT

[1714932964]

1714932964

[1714932964]

1714932964

[seedooroff]

Look closely blokexplorer. No one is correct. Perhaps this is the usual scam. Those who know the code look more carefully.

[vegasguy]

It would be very helpful to hear the dev say "ohh, ok .. no problem, Ill get on it". This will keep confidence in this coin.

Vegas

[popcorn75]

It would be very helpful to hear the dev say "ohh, ok .. no problem, Ill get on it". This will keep confidence in this coin.

Vegas

i think it is like 3am for the dev, he is probably sleeping. I give these things 24 hours then i start asking questions...

[Battareus]

Bittrex jews (admins) are so stupid and greedy.

[topcat363]

yea its really late/ early where dev is. problem will be fixed in morning. night  

[FeedTheBaby]

With that said, true 3650% hasnt started yet. Where others see a problem, some see an opportunity to grab more and most likely have them mature before a fix.

Anyone buying more should NOT have their wallet open and staking. If the wallet has to be open, make sure you have it encrypted and do not unock it.

[C0ins_R_U5]

This should be a easy fix. I'm loading up on ILT while you guys panic dump.  

It's a one line fix. /popcorn mode commence!

but why need fix?  maybe dev not understand coding good

Frankly the rest of the code is fine. This type of mistake is something you would make while tired, or something. It does bring on a point however, that you should test the life of the coin on a testnet to ensure 3650% staking before you claim such a number, much less if the block subsidy is in satoshi format. If you miss one, both are wrong, and therefore there obviously was no testing of the staking mechanism.

lulz, Rasitas.. rasitas wake up!

https://www.youtube.com/watch?v=cIasr2AiyZ0

[C0ins_R_U5]

so let me get this straight..  if someone has 25,000 coins,.. and they stake them and get 10% = 2500.  so at the price of 6100 sats, that's like .15 btc per day?  easy money bros.. why didn't anyone think of this sooner?

[topcat363]

so let me get this straight..  if someone has 25,000 coins,.. and they stake them and get 10% = 2500.  so at the price of 6100 sats, that's like .15 btc per day?  easy money bros.. why didn't anyone think of this sooner?

current price will rocket as ppl hoard this to stake. and remember if you hold the stake for days...your daily stake will always rise due to accumulation

[Erkallys]

POW HAS ENDED  

164 workers still mining happily away @ Suprnova

I let my computer mine all the night. Wasted hasrate  .

[Erkallys]

To celebrate my first stake (when it stakes)  I will rain ILT in #intellectcoin  So don't miss out.

http://webchat.freenode.net/?channels=#intellectcoin

What is this site ? How to get registered ?

[shimlbit]

POW HAS ENDED  

164 workers still mining happily away @ Suprnova

I let my computer mine all the night. Wasted hasrate  .

sometime a check would fix this problem ..or reading op how much block and than math and u know how much time for mining...


but this is insane...around 700mh still mining for hrs now ....looool...ocminer cant switch the stratum cuz hes is at real work now or hes sleeping...7.20 am here in germany

[C0ins_R_U5]

so let me get this straight..  if someone has 25,000 coins,.. and they stake them and get 10% = 2500.  so at the price of 6100 sats, that's like .15 btc per day?  easy money bros.. why didn't anyone think of this sooner?

current price will rocket as ppl hoard this to stake. and remember if you hold the stake for days...your daily stake will always rise due to accumulation

of course.. i can totally see how doubling the coin supply every week is going to make us all HODL for a better life..  never sell your coins guys

[topcat363]

i think it will mimic 10k...huge huge rally in the beginning and then a slow decline. depends on how strong the community is. seems pretty strong at the moment

[shimlbit]

moneysupply" : 995167.83564649,

we are under 1million..price very cheap for this amount.

thats around 60btc marketcap for now

so we need around 5 days if staking will work with 10% daily to get marketcap of 100btc at the same price..and the coin @ place 100 on CMC has around 500btc marketcap....

[cyberpinoy]

Ok no time to read all the pages, but I have a few questions,

Unfortunately I have to ask is this any affiliation with cointellect, any of its original founders, owners, managers employees investors or anything remotely or non remotely related to cointellect. Sorry but the names it had to be asked.

Where is the coins website?

Where is the coins personal community?

Since you have neither a website or personal community (IRC doesnt count) listed on the ANN OP what are the staking rates and how often will the stakes happen.

How can i get a full read on exactly how your POS works,
how often stakes happen,
how your weight is calculated and distributed,
what features the wallet has for auto-combining or auto-splitting the blocks inside the wallet.

I am looking for potential coins for a project of we are finalizing and I would love to get new coins involved, but these questions are very important for us to make a decision on the coins involved in our project. We had to remove one coin already as the devs and community fell apart, we need active devs and a supportive community. Our expected launch is very very soon actually, so we need to make a decision on one last coin (and the potential replacement of one that is already listed and in use)

Thank you for your time

[ocminer]

I've shutdown the stratums @ suprnova, thanks for mining with us and please withdraw your funds !

[tylerderden]

Bittrex jews (admins) are so stupid and greedy.

the fuck man

[lasybear]

I'm no expert, but looks like the problem is here:

https://github.com/intellect-project/intellect/blob/master/src/main.cpp#L1000

Code:

int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN;

It divides by COIN(/ COIN) and doesn't multiply (* COIN), putting the block subsidy in non satoshi format. nSubsidy is in satoshis.

If this is the case(99% sure it is), I suggest everyone simply stop running their wallets until a fork because your coin age will persist, and you will have "gained" block subsidy upon staking post-fork. Opposed to now at least.

Did you check this?
https://github.com/intellect-project/intellect/blob/master/src/main.h#L41:

Code:

static const int64_t MAX_MINT_PROOF_OF_STAKE = 36.50 * COIN; // 3650% annual interest

https://github.com/intellect-project/intellect/blob/master/src/main.cpp#L998:

Code:

    int64_t nRewardCoinYear;
    nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
    int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN;

So,
nSubsidy == nCoinAge * (36.50 * COIN) / 365 / COIN == nCoinAge * 36.50 / 365

I think, *COIN and /COIN used for correct float-int conversion.