[ANN] 10k Coin | Now with 10% PoS and 10000% Superblocks | 10k/MMXIV Market OPEN - page 93.

Pab

legendary

Activity: 1862

Merit: 1012

Quote from: iGotSpots on March 08, 2015, 04:17:00 PM

Quote from: anotherlateminer on March 08, 2015, 04:06:36 PM

Quote from: iGotSpots on March 08, 2015, 04:04:31 PM

Quote from: anotherlateminer on March 08, 2015, 04:03:02 PM

So, does this new rewards system mean that if you don't run the wallet 24/7, you'll get only 10% stake?

90% of the time, yes. Over a year, you will average 10% of your blocks at 10,000%

That's why GorillaStake exists, I understand

Correct. While we cannot give you a better chance at a big block, we do ensure low orphans with fast internet, strong servers, and 24/7 staking so your coinage is never going to waste. This is very important with such fast cycles

Does Gorilla is listed on Hz exchange also

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: anotherlateminer on March 08, 2015, 04:06:36 PM

Quote from: iGotSpots on March 08, 2015, 04:04:31 PM

Quote from: anotherlateminer on March 08, 2015, 04:03:02 PM

So, does this new rewards system mean that if you don't run the wallet 24/7, you'll get only 10% stake?

90% of the time, yes. Over a year, you will average 10% of your blocks at 10,000%

That's why GorillaStake exists, I understand

Correct. While we cannot give you a better chance at a big block, we do ensure low orphans with fast internet, strong servers, and 24/7 staking so your coinage is never going to waste. This is very important with such fast cycles

anotherlateminer

legendary

Activity: 1415

Merit: 1003

Bagholder. Hodling shit since 2014

Quote from: iGotSpots on March 08, 2015, 04:04:31 PM

Quote from: anotherlateminer on March 08, 2015, 04:03:02 PM

So, does this new rewards system mean that if you don't run the wallet 24/7, you'll get only 10% stake?

90% of the time, yes. Over a year, you will average 10% of your blocks at 10,000%

That's why GorillaStake exists, I understand

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: anotherlateminer on March 08, 2015, 04:03:02 PM

So, does this new rewards system mean that if you don't run the wallet 24/7, you'll get only 10% stake?

90% of the time, yes. Over a year, you will average 10% of your blocks at 10,000%

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Seednodes are updated to 2.0.2, and also the new source has them coded in so there is no longer a need for 10k.conf at all Wink

anotherlateminer

legendary

Activity: 1415

Merit: 1003

Bagholder. Hodling shit since 2014

So, does this new rewards system mean that if you don't run the wallet 24/7, you'll get only 10% stake?

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: MickGhee on March 08, 2015, 03:53:55 PM

Wow I was just here this morning and now this....... Idk how I feel about lottery but oh well we stoking have some time . Btw I been playing with input sizes and forced aging and I have a very consistent. Big weight

All previous lotteries were based on prevhash as the seed and in PoW. This is the first 'lottery' I know of that is consistent, reliable, and based on STAKING, not mining. With PoW, I could just turn on my huge farm to conquer all easily predictable superblocks. Staking introduces coinage as an added factor, and at current rates:

!block t
Block info for 10k Coin
Block: 244,483
Block Time: 34s
Block Size: 1000
Block tx: 0
Checkpoint:
Hash: eebfc5c41c7af4f31a455f5618f2796834a33eeda0b02e2845e5d4d6d26edf3a
Height: 244,478
Time: 2015-03-08 20:57:52 UTC
Stake Wght: 802,112,932.83264
Money Sply: 167,430,926.798161

The stake weight is too high to be manipulated. At best, any cheaters would get 1, maybe 2 superblocks per cycle, but they would then forfeit the compounding while building enough coinage hoping, not guaranteed, to hit those blocks, making the superblocks not worth it. This system will reward long term holders the most and nerf day-trading stakers the hardest

MickGhee

legendary

Activity: 1428

Merit: 1001

Fucker of "the system"

Wow I was just here this morning and now this....... Idk how I feel about lottery but oh well we stoking have some time . Btw I been playing with input sizes and forced aging and I have a very consistent. Big weight

Pab

legendary

Activity: 1862

Merit: 1012

44000 more and i am a milionare

lets see what will be market respond on that changes

Pab

legendary

Activity: 1862

Merit: 1012

Quote from: iGotSpots on March 08, 2015, 03:08:24 PM

Quote from: Pab on March 08, 2015, 02:58:39 PM

Quote from: iGotSpots on March 08, 2015, 02:40:15 PM

Quote from: Pab on March 08, 2015, 02:38:55 PM

Quote from: iGotSpots on March 08, 2015, 02:33:14 PM

All you have to do is replace your old client with this one. No reason to do anything in Roaming or resync. It will work right away

You are pretty genious IGot,just one more question,do i need reset my coins whan time will come

No. You need to do nothing but delete the old Qt, download this one, and open it

I ve been asking about that 16 days cycle

Max coinage is 16 days, what is the question?

Ok everything is in OP
Thanks

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: Pab on March 08, 2015, 02:58:39 PM

Quote from: iGotSpots on March 08, 2015, 02:40:15 PM

Quote from: Pab on March 08, 2015, 02:38:55 PM

Quote from: iGotSpots on March 08, 2015, 02:33:14 PM

All you have to do is replace your old client with this one. No reason to do anything in Roaming or resync. It will work right away

You are pretty genious IGot,just one more question,do i need reset my coins whan time will come

No. You need to do nothing but delete the old Qt, download this one, and open it

I ve been asking about that 16 days cycle

Max coinage is 16 days, what is the question?

Pab

legendary

Activity: 1862

Merit: 1012

Quote from: iGotSpots on March 08, 2015, 02:40:15 PM

Quote from: Pab on March 08, 2015, 02:38:55 PM

Quote from: iGotSpots on March 08, 2015, 02:33:14 PM

All you have to do is replace your old client with this one. No reason to do anything in Roaming or resync. It will work right away

You are pretty genious IGot,just one more question,do i need reset my coins whan time will come

No. You need to do nothing but delete the old Qt, download this one, and open it

I ve been asking about that 16 days cycle

fonzerrellie

legendary

Activity: 1190

Merit: 1000

Kaspa

great stuff Spots... this will slow down inflation like a mofo

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: ?? on ??

Quote from: iGotSpots on March 08, 2015, 02:46:50 PM

Quote from: coinking on March 08, 2015, 02:32:30 PM

does 10k% stake happen up until block 360k on the new wallet? If I switch now will I still get 10k% until the hard fork?

Yes, nothing changes until then, even if you run the new client. If it affected you on a local, rather than network, level, you would be on your own fork Wink

sickkkk!

Yep, easy update this time with huge changes Wink

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: coinking on March 08, 2015, 02:32:30 PM

does 10k% stake happen up until block 360k on the new wallet? If I switch now will I still get 10k% until the hard fork?

Yes, nothing changes until then, even if you run the new client. If it affected you on a local, rather than network, level, you would be on your own fork Wink

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: hoertest on March 08, 2015, 02:41:51 PM

now that was easy.
Dat fancy grafix. Cheesy

Can we estimate how many weeks left?
lets see what happens on the buy side once this gets more known.

great idea to slow it down. I think merchants will be much more open now.

I'm guessing about a week, but it will function as normal until then, just to give people, and exchanges, time to update

This change was also brought on by a conversation I had with Richie last week. We talked about theoretical maxes for coins and systems. While I think huge inflation wouldn't be an issue (since they can support DOGE with billions and billions of coins), I agree slowing it down is better for scaling it up. So, essentially, we wanted the same things for different reasons and I think this is a creative, but extremely fun and effective, solution

hoertest

hero member

Activity: 882

Merit: 1000

now that was easy.
Dat fancy grafix. Cheesy

Can we estimate how many weeks left?
lets see what happens on the buy side once this gets more known.

great idea to slow it down. I think merchants will be much more open now.

iGotSpots

legendary

Activity: 2548

Merit: 1054

CPU Web Mining 🕸️ on webmining.io

Quote from: Pab on March 08, 2015, 02:38:55 PM

Quote from: iGotSpots on March 08, 2015, 02:33:14 PM

All you have to do is replace your old client with this one. No reason to do anything in Roaming or resync. It will work right away

You are pretty genious IGot,just one more question,do i need reset my coins whan time will come

No. You need to do nothing but delete the old Qt, download this one, and open it

Pab

legendary

Activity: 1862

Merit: 1012

Quote from: iGotSpots on March 08, 2015, 02:38:34 PM

Just so you guys know, these dumps are from someone pretending to be me and scamming people. Many emails, IRC messages, and PM's about me being in dire circumstances are not true. I appreciate all of you guys that sent him coins thinking I was in trouble, but I am more than ok and I will never ask for help, funds, or off market trades from anyone

what a asshole,that guy

Pab

legendary

Activity: 1862

Merit: 1012

Quote from: iGotSpots on March 08, 2015, 02:33:14 PM

All you have to do is replace your old client with this one. No reason to do anything in Roaming or resync. It will work right away

You are pretty genious IGot,just one more question,do i need reset my coins whan time will come

Topic: [ANN] 10k Coin | Now with 10% PoS and 10000% Superblocks | 10k/MMXIV Market OPEN - page 93. (Read 186734 times)