[ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1335.

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: virtualfaqs on March 21, 2014, 03:59:42 PM

Can someone explain how the 1% interest works? Do I have to keep my client open every 8 hours or continuously for highest chance?

And yes you have higher chance when you have wallet open to get part of 1% interest, your weight is increasing all time.
When i had about 50k BC i got about 0,05BC in every 3-4-6h....
Generally idea is that if you are lucky or you have many coins inside your income is like that:
1 day 1% * (1/365) 1000 BC = 1000,05
2 day 1% * (1/365) 1000,05 BC ~

____________
worst case VERY unluky at the end of year
365 - 1000 = 1010BC
____________

Anyway small intervals are good for POS miners because all blocks are mine now by POS get some small amount of BC.
Small amounts - but i like receive even that 0.05 Day : D for supporting network.

Anyway in POS while mining can get extra BC from fees.

With so low amounts of BC paying out you are not able to flood market even those guys with eg 500k+ they can't flood market...
But some reward is necessary to maintain network with full POS system. Imo 8h intervals are pretty good

you don't need to wait 20 days / or 365(always online like ULTRA Cheesy

)
Big stakeholders can't flood and those small too.

Jabulon

sr. member

Activity: 266

Merit: 250

Quote from: virtualfaqs on March 21, 2014, 03:59:42 PM

Can someone explain how the 1% interest works? Do I have to keep my client open every 8 hours or continuously for highest chance?

No, your coins will stake and you'll collect your 1% annual even if you only open your wallet for staking a couple times a year. It may take 30 minutes, it may take a day. The only advantage to leaving the wallet open all the time is that your little payouts will compound as they begin staking themselves after 8 hours. It's not a huge payout either way. Thankfully, as then the currency does not inflate ridiculously like so many others.

Zackgeno96

hero member

Activity: 1778

Merit: 520

Quote from: virtualfaqs on March 21, 2014, 03:59:42 PM

Can someone explain how the 1% interest works? Do I have to keep my client open every 8 hours or continuously for highest chance?

nope, you can close your wallet for a whole year then open it and receive your 1% all at once it is measured since your coins last staked etc

virtualfaqs

hero member

Activity: 700

Merit: 500

Can someone explain how the 1% interest works? Do I have to keep my client open every 8 hours or continuously for highest chance?

fiftyseven

sr. member

Activity: 427

Merit: 252

For the attention of rat4 - I went to move my BC wallet this evening and noticed a couple of problems:

1. The 'first run' crash still occurs - this won't look great to new adopters
2. The old logo is still in place.

It'd be nice if these were fixed to be taken a little more seriously by newcomers. I'll happily stump up some BC for this to happen.

Edit: I also notice the blockchain often 'sticks' when downloading. I have to quit and restart the wallet. Not sure if this is peculiar to me?

Soepkip

sr. member

Activity: 476

Merit: 250

Quote from: virtualfaqs on March 21, 2014, 02:35:55 PM

Sorry. I skimmed info. What day did mining end?

Block 10.000

virtualfaqs

hero member

Activity: 700

Merit: 500

Sorry. I skimmed info. What day did mining end?

Vinculin

full member

Activity: 210

Merit: 100

http://www.reddit.com/r/bccoin/comments/210nmj/update_friday_march_21_from_the_new_bcmulitpool/

From reddit

Soepkip

sr. member

Activity: 476

Merit: 250

SIGN UP ON REDDIT -> REACHED 200 ALREADY!

http://reddit.com/r/bccoin

artiface

full member

Activity: 238

Merit: 100

Quote from: StolenCoinSalesman on March 21, 2014, 01:53:23 PM

Quote from: drmadcat on March 21, 2014, 01:51:50 PM

With 4 MH what would i roughly be able to mine with a multipool?

.000000000000000000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000000001

bc per day

On most multipools right now that would make you maybe slightly more than 0.020 BTC per day. (depending on many factors)

At current price that would be about 630 BC.

Of course this is all subject to change.

StolenCoinSalesman

sr. member

Activity: 385

Merit: 250

Quote from: drmadcat on March 21, 2014, 01:51:50 PM

With 4 MH what would i roughly be able to mine with a multipool?

.000000000000000000000000000000000000000000000000000000000000000000000000000000 000000000000000000000000000001

bc per day

jamieb81

sr. member

Activity: 308

Merit: 250

Quote from: colinfx on March 21, 2014, 01:43:55 PM

Quote from: PassPhra on March 21, 2014, 01:13:01 PM

Quote from: derBruchpilotPro on March 21, 2014, 02:43:46 AM

Quote from: Pixieblonde on March 21, 2014, 02:35:08 AM

Quote from: SWKineo on March 20, 2014, 07:55:28 PM

We all know that the Multipool's going to do great things for BlackCoin, once it's released. However, I don't think everyone realizes how much of a difference it's going to make.

The numbers thrown out for yesterday's (March 19, 2014) mining ranged from 10GH/s to nearly 400GH/s. It's quite safe to assume that the massive dropoff near the end was caused by the frontend issues the site was having (for those that weren't there, the miner pages were entirely inaccessible for the latter portion of the "launch"). Because of that, I'm going to make a somewhat conservative (depending on how you look at it) estimation of 200GH/s if the pool was as polished as the new version is reported to be.

If that 200GH/s was maintained for a solid 24 hour period, that would net somewhere in the neighborhood of $500,000 and $1,000,000 worth of altcoins, according to http://www.coinwarz.com/cryptocurrency. Let that sink in for a second. BlackCoin's current market cap is roughly $1,300,000. That's a ton of buy orders.

Never realised that the multipool could double the merket cap on its own.
Need to buy more cheap coins asap, plz dump Wink

The time of cheap coins could be over now, was glad to get some more @2900 sat yesterday.
If all goes right we would never see a price <3000 any more.

At least I hope so. Could be that whales try to make another P&D before the MP goes finally up.

Still we must be aware of panic selling after rumours etc. Remember the last one well with Radiostatic leaving and IRC rumours made it a big drop in price.

This is one of the reasons BC is still so cheap to acquire. Once the panic is gone and previous BC multipool beta tests are history, the price will not be 3,000 satoshi any more.

Yeah I bought some at 3150 today, hopefully time will make BC mature and go to a nice steady value

MuffinMaster

sr. member

Activity: 1414

Merit: 265

Pepemo.vip

Quote from: PassPhra on March 21, 2014, 01:13:01 PM

Quote from: derBruchpilotPro on March 21, 2014, 02:43:46 AM

Quote from: Pixieblonde on March 21, 2014, 02:35:08 AM

Quote from: SWKineo on March 20, 2014, 07:55:28 PM

We all know that the Multipool's going to do great things for BlackCoin, once it's released. However, I don't think everyone realizes how much of a difference it's going to make.

The numbers thrown out for yesterday's (March 19, 2014) mining ranged from 10GH/s to nearly 400GH/s. It's quite safe to assume that the massive dropoff near the end was caused by the frontend issues the site was having (for those that weren't there, the miner pages were entirely inaccessible for the latter portion of the "launch"). Because of that, I'm going to make a somewhat conservative (depending on how you look at it) estimation of 200GH/s if the pool was as polished as the new version is reported to be.

If that 200GH/s was maintained for a solid 24 hour period, that would net somewhere in the neighborhood of $500,000 and $1,000,000 worth of altcoins, according to http://www.coinwarz.com/cryptocurrency. Let that sink in for a second. BlackCoin's current market cap is roughly $1,300,000. That's a ton of buy orders.

Never realised that the multipool could double the merket cap on its own.
Need to buy more cheap coins asap, plz dump Wink

The time of cheap coins could be over now, was glad to get some more @2900 sat yesterday.
If all goes right we would never see a price <3000 any more.

At least I hope so. Could be that whales try to make another P&D before the MP goes finally up.

Still we must be aware of panic selling after rumours etc. Remember the last one well with Radiostatic leaving and IRC rumours made it a big drop in price.

you mean a buying opportunity? that was literally the easiest trade i have ever done.

drmadcat

full member

Activity: 238

Merit: 100

With 4 MH what would i roughly be able to mine with a multipool?

colinfx

sr. member

Activity: 364

Merit: 250

Quote from: PassPhra on March 21, 2014, 01:13:01 PM

Quote from: derBruchpilotPro on March 21, 2014, 02:43:46 AM

Quote from: Pixieblonde on March 21, 2014, 02:35:08 AM

Quote from: SWKineo on March 20, 2014, 07:55:28 PM

We all know that the Multipool's going to do great things for BlackCoin, once it's released. However, I don't think everyone realizes how much of a difference it's going to make.

The numbers thrown out for yesterday's (March 19, 2014) mining ranged from 10GH/s to nearly 400GH/s. It's quite safe to assume that the massive dropoff near the end was caused by the frontend issues the site was having (for those that weren't there, the miner pages were entirely inaccessible for the latter portion of the "launch"). Because of that, I'm going to make a somewhat conservative (depending on how you look at it) estimation of 200GH/s if the pool was as polished as the new version is reported to be.

If that 200GH/s was maintained for a solid 24 hour period, that would net somewhere in the neighborhood of $500,000 and $1,000,000 worth of altcoins, according to http://www.coinwarz.com/cryptocurrency. Let that sink in for a second. BlackCoin's current market cap is roughly $1,300,000. That's a ton of buy orders.

Never realised that the multipool could double the merket cap on its own.
Need to buy more cheap coins asap, plz dump Wink

The time of cheap coins could be over now, was glad to get some more @2900 sat yesterday.
If all goes right we would never see a price <3000 any more.

At least I hope so. Could be that whales try to make another P&D before the MP goes finally up.

Still we must be aware of panic selling after rumours etc. Remember the last one well with Radiostatic leaving and IRC rumours made it a big drop in price.

This is one of the reasons BC is still so cheap to acquire. Once the panic is gone and previous BC multipool beta tests are history, the price will not be 3,000 satoshi any more.

PassPhra

member

Activity: 83

Merit: 10

Quote from: derBruchpilotPro on March 21, 2014, 02:43:46 AM

Quote from: Pixieblonde on March 21, 2014, 02:35:08 AM

Quote from: SWKineo on March 20, 2014, 07:55:28 PM

We all know that the Multipool's going to do great things for BlackCoin, once it's released. However, I don't think everyone realizes how much of a difference it's going to make.

The numbers thrown out for yesterday's (March 19, 2014) mining ranged from 10GH/s to nearly 400GH/s. It's quite safe to assume that the massive dropoff near the end was caused by the frontend issues the site was having (for those that weren't there, the miner pages were entirely inaccessible for the latter portion of the "launch"). Because of that, I'm going to make a somewhat conservative (depending on how you look at it) estimation of 200GH/s if the pool was as polished as the new version is reported to be.

If that 200GH/s was maintained for a solid 24 hour period, that would net somewhere in the neighborhood of $500,000 and $1,000,000 worth of altcoins, according to http://www.coinwarz.com/cryptocurrency. Let that sink in for a second. BlackCoin's current market cap is roughly $1,300,000. That's a ton of buy orders.

Never realised that the multipool could double the merket cap on its own.
Need to buy more cheap coins asap, plz dump Wink

The time of cheap coins could be over now, was glad to get some more @2900 sat yesterday.
If all goes right we would never see a price <3000 any more.

At least I hope so. Could be that whales try to make another P&D before the MP goes finally up.

Still we must be aware of panic selling after rumours etc. Remember the last one well with Radiostatic leaving and IRC rumours made it a big drop in price.

balanghai

sr. member

Activity: 364

Merit: 253

Seems like good future for this coin.

Soepkip

sr. member

Activity: 476

Merit: 250

Quote from: bitcoin carpenter on March 21, 2014, 12:27:44 PM

who were the devs behind blackcoin, I have a small project Id like to talk to them about

You can contact me or rat4 on freenode ##blackcoin (yes double #)

Zackgeno96

hero member

Activity: 1778

Merit: 520

Quote from: bitcoin carpenter on March 21, 2014, 12:27:44 PM

who were the devs behind blackcoin, I have a small project Id like to talk to them about

just rat4 a russian programmer

he's in https://kiwiirc.com/client/irc.freenode.net/blackcoin atm

bitcoin carpenter

legendary

Activity: 1582

Merit: 1001

who were the devs behind blackcoin, I have a small project Id like to talk to them about

Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1335. (Read 2510302 times)