I'm sure this may have been answered somewhere but I am having trouble finding it... How does BlackCoin POS work? Is BlackCoin just a clone of Peercoin or is it written from scratch?
As he or she has never wrote a post before on bitcointalk,i assume it is another FUD post,to imply that Blackcoin has no innovation as it is a copy of peercoin lol,i wish people would research the coins rather than ask lazy questions in the forums because they can not be bothered to look themselves,because they write as if they have an understanding of peercoin so would be able to understand what blackcoin is about without asking a silly question.
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1132. (Read 2509934 times)
I'm sure this may have been answered somewhere but I am having trouble finding it... How does BlackCoin POS work? Is BlackCoin just a clone of Peercoin or is it written from scratch?
From what I understand it is a NovaCoin fork which acts as pure PoS coin. See http://www.blackcoin.co/faq/ how this works.
Is the blackcoin payout from the multipool once per day (at what time?) or is it spread a few times throughout?
I'm sure this may have been answered somewhere but I am having trouble finding it... How does BlackCoin POS work? Is BlackCoin just a clone of Peercoin or is it written from scratch?
Lol check coinmarketcap and see all the coins above blackcoin.
Blackcoin will hit a dollar their is no doubt about that. Anyone disagrees?
Check nmc's history and ppc history. And add to that that Bitcoin and Litecoin are on a downward spiral but they will go back up. When they go back up ppc goes back up. And when that goes up.. Black coin will go up way more..
Blackcoin will hit a dollar their is no doubt about that. Anyone disagrees?
Check nmc's history and ppc history. And add to that that Bitcoin and Litecoin are on a downward spiral but they will go back up. When they go back up ppc goes back up. And when that goes up.. Black coin will go up way more..
Both PPC and NMC had enormous amount of investment at the end of November along with a few other coins including QRK. Was it a benevolent benefactor to get people interested in alt coins like maybe the Winkelvoss twins?
There is not another coin, with the exception of DOGE, that has had this wild success. BlackCoin would require the same sort of support and exposure that DOGE had in order to get to $1.00. I've seen other coins such as MAX have some support but lagged later on and didn't even get close to $1.00.
It all depends on the BC community and the support we get in order for this coin to be $1.00. I hope it does. I will retire if it reaches that level.
Big difference between BC and those coins. Each of those coins a huge mount of newly mined coins are dumped onto the market that the buy orders have to support. This constantly puts downward pressure on prices.
Hundreds of thousands of dollars of newly mined litecoins are made every day and a good amount of those get dumped. Blackcoin doesn't have to worry about that.
It's this very same reason why NXT was able to jump in price so quickly with minimal buzz or exposure in the wider media. So long as there is demand and a community, a solid POS with a good dev and prospects is golden.
I understand the lack of downward price pressure because of newly minted coins. However, all the coins I mentioned had huge investment at the end of November causing the price to skyrocket. The newly minted coins would have had minimal effect on those prices which all happened at the same time.
You make a good point about NXT. That coin skyrocketed right around Christmas Day which was different than the rest of the coins that had large investment. It makes me wonder what went on with NXT that caused that large investment all at once. Maybe we can have a time like that for BC and then the price can stay up because of the lack of downward pressure from mining.
For early investors, what do we need to fund the most? a Android wallet? Or push to get BC accepted by merchant payment gateways?
No rushes. We're in a good position right now with current developments and the state of the community.
I personally would be interesting in funding the following
1) Android wallet
2) Wallets with 2FA authorization option
I'm not really interested in merchants right now because BC is still very young, and merchants will come to us after BC continuously makes crypto headlines. But others can feel free to fund that if they wish. The BC Foundation is already doing a lot, but without a premine, they need help. And that's where we come in and really help out and help double up the amount the BC community can produce (and what's already doing is nothing short of amazing).
For early investors, what do we need to fund the most? a Android wallet? Or push to get BC accepted by merchant payment gateways?
Why wouldn't people rather buy BC directly than pay to rent miners?
it's a dual purpose.. instead of buying directly, renting a rig gives support/boost on the hashing power of multipool, this makes a eyecatching to the investors.. also the BC you are receiving increases your the value from time to time. it means that the BC will not go down!
you may get more by buying BC directly, but it may not last, because if everyone's doing the same thing as you do, there would be no need for multipool. Overtime, people will lose interests, and start selling off their coins, thus driving the value of BC down = everybody loose.
By mining with the pool, you help BC grow, by spreading the words out through out the crypto communities. If more people find out that it's more profitable to mine at BC multipool then more will sign up, thus drive the buy demand for BC up, which in turn will drive the value of each BC.
Can someone, anyone please push us up to 9990 sats, so I can spend everything I have pushing us over 10k?!
Why wouldn't people rather buy BC directly than pay to rent miners?
it's a dual purpose.. instead of buying directly, renting a rig gives support/boost on the hashing power of multipool, this makes a eyecatching to the investors.. also the BC you are receiving increases your the value from time to time. it means that the BC will not go down!
The same person or group has been dumping at just under 9k for 15 hours now! They stopped for an hour a couple of times. That is one hell of a lot of blackcoins.
How would you know that it is the same person?
The same person or group has been dumping at just under 9k for 15 hours now! They stopped for an hour a couple of times. That is one hell of a lot of blackcoins.
The My Miner page can give 504 errors. The parser has a little bug, tracking it down and fixing it as soon as we find it!
Can anyone report a rough BC/MH/day for the last few days on scrypt?
I know the price has been moving, I'm just trying to get a ballpark idea. Thank you!
I know the price has been moving, I'm just trying to get a ballpark idea. Thank you!
We have been on par or higher than other popular multipools like WafflePool and CleverMining.
Can anyone report a rough BC/MH/day for the last few days on scrypt?
I know the price has been moving, I'm just trying to get a ballpark idea. Thank you!
I know the price has been moving, I'm just trying to get a ballpark idea. Thank you!
Why wouldn't people rather buy BC directly than pay to rent miners?
You can buy, you can also rent a miner and have a change on some sweet extra BC
VERSION 1.0 OF THE POOL IS NOW LIVE!
If you can't connect yet, use 107.170.114.59
+1If you can't connect yet, use 107.170.114.59
+10
Normal that still getting the 504 error for miner page?
Yes, we are fixing that as we speak, just switched servers with 500+ miners mining actively. Is going to take a little to propogate correctly.
Why wouldn't people rather buy BC directly than pay to rent miners?
VERSION 1.0 OF THE POOL IS NOW LIVE!
If you can't connect yet, use 107.170.114.59
+1If you can't connect yet, use 107.170.114.59
+10
Normal that still getting the 504 error for miner page?
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