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Topic: [ANN] DYNERIUM - New ETH Smart Contract - Mine Anytime - No ICO - page 6. (Read 8279 times)

sr. member
Activity: 365
Merit: 250
wait to open bounty and signature campaign
how distribution coin if without ico selling
full member
Activity: 518
Merit: 102
1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.



Nice analysis. I used to have 30 MNE in my MEW for over 2 weeks, but I sent out 20 MNE last week or so for the artemine ICO and have 10mne left in my MEW

Will I be eligible for the dynerium airdrop for 30 MNE or for 10 MNE ?
hero member
Activity: 1708
Merit: 522
Leading Crypto Sports Betting & Casino Platform
does it mean, any address with non zero balance will receive the equal airdrops? but we are late, aren't we? September 30 is 10 days to go
full member
Activity: 252
Merit: 107
i had some mne on myetherwallet which were used to contribute in artemine ico, i had other on my livecoin account which i sent to myetherwallet today so i would like to understand if i'm elegible or not to take part of this distribution, cause i'm going to leave that amount of MNE on my wallet for long time so it would be interesting =D
full member
Activity: 404
Merit: 106
gym by day, crypto by night
1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.



It seems interesting... I'm moving all my MNE from an exchange to my wallet   Wink

I think that's exactly what he wants you to do!!!!!
legendary
Activity: 1246
Merit: 1011
1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.



It seems interesting... I'm moving all my MNE from an exchange to my wallet   Wink
newbie
Activity: 5
Merit: 0
This is great timing to take risk on this project I hope this will go to the moon.
sr. member
Activity: 700
Merit: 250
1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.



Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.
I do believe I have answered to all the questions raised so far.

You have answered my question however a lot of us shall miss this first snapshot because 30th September from now is less than 2 weeks, i will be watching this thread and see the future update of dynerium.
newbie
Activity: 50
Merit: 0
Hope for the first snapshot, please shorten the coinage from 2 week to 1 week..
full member
Activity: 237
Merit: 100
1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.



This is really exciting, thanks for putting the effort in so far.  I would really recommend shortening the 2 week coin duration to 1 week, this way people like me who have held MNE for a long time on an exchange like Cryptopia can successfully transfer our MNE to a traditional Ether wallet and still participate in the initial snapshot on the 30th.
newbie
Activity: 14
Merit: 0
1. DYNERIUM is rewarded to addresses that has MNE sitting for 2 weeks. You need to keep MNE in the address. If you move it out, then mining stops. You can move MNE anytime to an address. When a snapshot is taken, DYNERIUM checks for the coinage of 2 weeks, if not, then it will simply disqualify it. You will be eligible in future snapshots when your MNE are about 2 weeks old.

2. As DYNERIUM snapshots at random intervals, it ensures new addresses eligible to receive rewards and removes addresses that moved their MNE out.

3. You should have any non-zero MNE balance to get DYNERIUM.

4. Mining a sha, scrypt coin requires you to throw some hash. The more hash you throw, the more coins you mine. Similarly, you require MNE to mine DYNERIUM, the more MNE you hold, the more DYNERIUM you mine.

5. Artemine ICO burn address is excluded from Dynerium.

6. Dynerium is not intended to increase the price of the MNE. It has a different purpose.

7. The Roadmap will be posted later.

8. Snapshot will be taken on September 30, 2017.

Example Mining

A:

Block reward is 10
You hold 100 MNE
There are a number of eligible addresses with non-zero MNE balance - total MNE - 200000
Reward for each MNE = block reward/ total MNE = 10/200000 = 0.00005
You get, Reward per MNE*number of MNE you hold = 0.00005*100 = 0.005 per block.

B:

Next Snapshot occurs. There are addresses that moved MNE out and new addresses have MNE.
Total number of MNE is recalculated and function A: is executed. The loop continues.

I do believe I have answered to all the questions raised so far. I will update Token Specs, Signature Campaign in few hours.

full member
Activity: 404
Merit: 106
gym by day, crypto by night
It's not mining, it's staking.

There's no actual mining work being done by participants, they just get rewarded with more coins if they hold.

This.  I'm guessing that this is a ploy to increase the price of MNE as people will want the "free" Dynerium they get if they buy MNE and hold it for a couple of weeks.  I mean, what else does this token DO?

Mne is being used for a big ico at the moment..... Should get some Mne and join in
full member
Activity: 404
Merit: 106
gym by day, crypto by night
So was the first snapshot already taken?  If so when ?
sr. member
Activity: 700
Merit: 250
It's not mining, it's staking.

There's no actual mining work being done by participants, they just get rewarded with more coins if they hold.

This.  I'm guessing that this is a ploy to increase the price of MNE as people will want the "free" Dynerium they get if they buy MNE and hold it for a couple of weeks.

All this are well explained by the Dev be it mining or staking but what is not clear is the minimum amount of MNE that can do the job and the staking might be proportional to the MNE in the wallet but the Dev should not leave any room for guess work, he should try to explain the process in more detail.
sr. member
Activity: 980
Merit: 276
$CYBERCASH METAVERSE
I had 4.5 mne left from arte's ico. Send them to ether wallet for this. After 05.10 i can join i guess.
sr. member
Activity: 266
Merit: 256
It's not mining, it's staking.

There's no actual mining work being done by participants, they just get rewarded with more coins if they hold.

This.  I'm guessing that this is a ploy to increase the price of MNE as people will want the "free" Dynerium they get if they buy MNE and hold it for a couple of weeks.  I mean, what else does this token DO?
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
It's not mining, it's staking.

There's no actual mining work being done by participants, they just get rewarded with more coins if they hold.
sr. member
Activity: 700
Merit: 250
I have read your ann thread which contain very little information but well explained but you need to let the community know the amount of MNE to be moved into the mining wallet in order to activate Dynerium mining.

You also need to clarify to the public if the mining hash rate depends on the MNE balance on the smart contract address.
hero member
Activity: 728
Merit: 500
What does it mean: "Mining will be activated to only addresses with the coinage of 2 weeks before the snapshot timestamp"

If I buy today some Mne and transfer to an ethereum wallet today, what it the coinage pf 2 weeks before?
full member
Activity: 784
Merit: 100
Waiting for launch and more details about the project, for example roadmap. Smiley
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