[ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1611.

Jabulon

sr. member

Activity: 266

Merit: 250

Quote from: TheGer on February 27, 2014, 06:29:48 PM

Jabulon - 50000 at 1% per annum is 500 per year. 500/365 days per year is 1.36986301369863 per day

Lol, thanks, I thought so. You use reply instead of quote, so the post you are responding to does not appear above your entry. Anyway, thanks for running the calculation for me. Actually, I think I have about 75k with what I've mined, and I'm still unclear as hell about how the PoS calculation actually needs to be done. The presentation seemed a bit unclear. I guess we'll find out soon enough, by the empirical method. Wink

blade87

hero member

Activity: 644

Merit: 500

Did those of you who have staked coins, did you do anything out of the ordinary? I would figure my one wallet that has had 10,000 coins since the first hour should be staking, but it isn't.

Edit : Nevermind, my coins are starting to stake! Grin

Zackgeno96

hero member

Activity: 1778

Merit: 520

all my staked coins show up as ? and my wallets unlocked what do i do? please help and yes im on 1.0.1

DanielVG

sr. member

Activity: 266

Merit: 250

I want free lunch, i'm gonna go with this guy.

Quote from: MickeNorsk on February 27, 2014, 06:30:40 PM

ANYONE? My wallet won't sync after block 5010, I've tried on 2 different computer in 2 different countries lol!
I've updated to latest wallet (1.0.1)

You drove all the way to another country to test if your wallet would work?
I would keep on going, maybe there is a country out there, somewhere...

MickeNorsk

full member

Activity: 126

Merit: 100

Stuck at syncing, please help???

Joerii

legendary

Activity: 1274

Merit: 1050

Quote from: sevoque on February 27, 2014, 09:24:19 AM

lets play some dubstep and masturbate violently while the price rises

You go ahead and start without me, lol.

colinfx

sr. member

Activity: 364

Merit: 250

Quote from: fiftyseven on February 27, 2014, 06:39:54 PM

Quote from: colinfx on February 27, 2014, 06:37:52 PM

Quote from: TheGer on February 27, 2014, 06:29:48 PM

Jabulon - 50000 at 1% per annum is 500 per year. 500/365 days per year is 1.36986301369863 per day

This cannot be right.

I just got 4,025 BC in my Stake column. But I only have 365,441 in my Balance.

If it was 1% per annum then I should only get 3,654 Stake per annum, or about 10 BC per day.

So how did I get 4,025 already??

Nice balance! The stake column is how many of your coins are being staked with the potential to accrue interest. Mine went up over time - must have been 8 hours since the last movement or something. I've sinced received small mined stake payments, but not many. It does feel a bit lotteryish.

Ah I get it!!! So the Stake column is how many coins qualify for Stake, not how many new coins I have received because of stake - got it!

Also noticed a few small credits, 0.06 BC, 0.12 BC, quite a lot of these. These are my 'earnings' for coins that qualify as Stake.

Got it!!! This is COOL!!!

Vargpost

jr. member

Activity: 37

Merit: 1

We make another p2pool to miners from Russia for better ping and conect.

http://s3.hostingkartinok.com/uploads/thumbs/2014/02/1136e80f062f33ab64d2be2772fc6370.png

http://blc.coin-lab.com:8336

fiftyseven

sr. member

Activity: 427

Merit: 252

Quote from: colinfx on February 27, 2014, 06:37:52 PM

Quote from: TheGer on February 27, 2014, 06:29:48 PM

Jabulon - 50000 at 1% per annum is 500 per year. 500/365 days per year is 1.36986301369863 per day

This cannot be right.

I just got 4,025 BC in my Stake column. But I only have 365,441 in my Balance.

If it was 1% per annum then I should only get 3,654 Stake per annum, or about 10 BC per day.

So how did I get 4,025 already??

Nice balance! The stake column is how many of your coins are being staked with the potential to accrue interest. Mine went up over time - must have been 8 hours since the last movement or something. I've sinced received small mined stake payments, but not many. It does feel a bit lotteryish.

hughjays77

hero member

Activity: 728

Merit: 504

What Dev

As someone with a MSc in Finance I am at a loss as to how the developer[Rat] has not explained the POS in any detail that is not subject to wild speculation on this thread. The opening post says 1% pa but others say 1% per 8hours which when compounded is exponential...some others says 1% per 8hr period for those with open unlocked wallets selected at random.

No one can accurately value this coin without these basic questions answered and I am issuing a warning not to invest unless you yourself can answer the below questions:

The major questions to the developer are:

1) When do untouched balances stake [days] ?
2) Will all wallets with untouched balances stake ?
3) If the answer to quest#2 is NO then which qualifying wallets will stake?
4) Is the qualification by random selection ?
5) If not all qualified wallets stake, what proportion of the 100,000,000 coins will stake ?
6) When an amount is staked how long will this amount collect interest ?
7) Is the stake interest rate 1% per annum, per 8 hours, etc, etc ?
8. Will locked wallets stake ?
9) Will encrypted wallets stake ?
10) Will unopened wallets stake ?

WARNING: The developer has a duty to clearly outline the POS parameters of his COIN

Quote from: Wh1teKn1ght on February 27, 2014, 06:18:43 PM

Quote from: brokedummy on February 27, 2014, 06:16:44 PM

Quote from: KurtCobain on February 27, 2014, 06:09:26 PM

Let's start out with a disclaimer: I'm butthurt because i sold 50k coins for about 1 btc.

What in the hell is going on with this coin? It's popular because hashco ws and middlecoin say so? Are we really taken for a ride this easily? What happens when someone releases a coin with this coins exact same specs 14 days from now? It crashes unless Hashco ws mines it? Why is blackcoin worth 3x as much as any coin on the coinwar z list?

Yeah, absent dev, instamined by multi-pools and rig renters, ddossed to death. I'm not buying this one for at least a month after the hype ends.

what do you mean absent dev? did he leave the project?

colinfx

sr. member

Activity: 364

Merit: 250

Quote from: TheGer on February 27, 2014, 06:29:48 PM

Jabulon - 50000 at 1% per annum is 500 per year. 500/365 days per year is 1.36986301369863 per day

This cannot be right.

I just got 4,025 BC in my Stake column. But I only have 365,441 in my Balance.

If it was 1% per annum then I should only get 3,654 Stake per annum, or about 10 BC per day.

So how did I get 4,025 already??

Joerii

legendary

Activity: 1274

Merit: 1050

Quote from: nearmiss on February 27, 2014, 08:53:55 AM

Just don't forget about https://www.cryptoaltex.com The first exchange who gave BC a shot, has done tons of volume, and (for me anyways), has worked rather flawlessly. We ought to continue supporting such places via continued trades.

I agree. It's a great new exchange and the dev is a nice guy.

SackofBits

full member

Activity: 154

Merit: 100

Quote from: MickeNorsk on February 27, 2014, 06:30:40 PM

ANYONE? My wallet won't sync after block 5010, I've tried on 2 different computer in 2 different countries lol!
I've updated to latest wallet (1.0.1)

try another country

maccd123

full member

Activity: 223

Merit: 100

Quote from: Pustul on February 27, 2014, 06:21:15 PM

Quote from: maccd123 on February 27, 2014, 06:20:09 PM

696 BC Stake added ....Whoppeee!!

How long did it take? My wallet is unlocked but I've got no stake :/

10 minutes

Zackgeno96

hero member

Activity: 1778

Merit: 520

my coins show as ? and my wallets unlocked? what do i do?

vlight

hero member

Activity: 656

Merit: 500

Right now, BlackCoin would be in coinmarketcap.com top 50:

50 620 171 * $0.01536 = $777,525 Roll Eyes

MickeNorsk

full member

Activity: 126

Merit: 100

ANYONE? My wallet won't sync after block 5010, I've tried on 2 different computer in 2 different countries lol!
I've updated to latest wallet (1.0.1)

TheGer

hero member

Activity: 602

Merit: 500

Jabulon - 50000 at 1% per annum is 500 per year. 500/365 days per year is 1.36986301369863 per day

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: fullhdpixel on February 27, 2014, 06:14:34 PM

Quote from: KurtCobain on February 27, 2014, 06:09:26 PM

Let's start out with a disclaimer: I'm butthurt because i sold 50k coins for about 1 btc.

What in the hell is going on with this coin? It's popular because hashco ws and middlecoin say so? Are we really taken for a ride this easily? What happens when someone releases a coin with this coins exact same specs 14 days from now? It crashes unless Hashco ws mines it? Why is blackcoin worth 3x as much as any coin on the coinwar z list?

I read your story yesterday and I dont feel sorry for you in any way. You clearly made a bad choice by selling at that very very low price.

Now Mintpal and Cryptorush added BlackCoin and you think this coin has nothing going for it? This is a text book example for how a coin should be!

I have sold 450k doge @30 that was hard lesson for me to hold non preminned coins :-).
I have paid for lack of patience then. I wrote you to not sell...As many others.
Coinwarz don't tell you never what is most profitable this site is not GOD !
Many times when i tried jump on train with coinswarz low diff coins were gone and multipools like trademybit raped me Tongue

.
Always most profitable next days loose their top place multipools are trying dump it and you are minig for 50% of predicted income.
This coin is not on coinwars and this is not our fault... Write to them and make complain Wink

.
This coin mining with random POS will be great...
About this coin is like with Doge 1st no premine big hype and win then other will try follow but there can be one DOGE and one BLACK Tongue

.
Not our fault that you were selling so low be patient next time.

good luck.

edok

full member

Activity: 167

Merit: 100

Market cap is already at 2600 BTC. Not early enough to take the risk on this one but best of luck with the coin.

Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1611. (Read 2510314 times)