Topic: [ANN] Experiment 10k (Read 3486 times)
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After weeks of testing, we finally bring present to you... Experiment 10k
In an effort to be fair to those who miss the launch, newly mined blocks will stake for 0.00 and need to be moved
10k Coin
If you mine, hold, stake, trade, or use this coin for any reason, you understand that things may get out of hand. All problems will be fixed as they come up, but bear in mind this is an extreme coin that may become unpredictable. It is imperative that we have staking data for exchange-sized inputs...for...reasons...
10k will test the limitations of our hardware staking units for MMXIV and BALLS. The coin may, at any time, be hard forked. Amount of inputs matter on resources, so this is an essential public test that must be on its own fork. There are certain points of data you cannot replicate on testnet. I will always give a 1 week notice of a hard fork should it be needed, unless an immediate threat arises
Please read through this carefully before participating. It may become worth something, or it may be useless. For our purposes, the results and performance of this network will be invaluable data we are never able to replicate on testnet
Mining
Pools
Staking
This is meant to be an extreme stress test and will be treated as seriously as possible for the needs of the dedicated staking hardware available. Not only are we testing the extremes of the staking units, but also pushing the limits of what a Proof of Stake coin can handle. Don't listen to either hype or fud; make your own decisions on whether this coin is worth the risk for you or not before contributing any time or resources to the network
In an effort to be fair to those who miss the launch, newly mined blocks will stake for 0.00 and need to be moved
10k Coin
If you mine, hold, stake, trade, or use this coin for any reason, you understand that things may get out of hand. All problems will be fixed as they come up, but bear in mind this is an extreme coin that may become unpredictable. It is imperative that we have staking data for exchange-sized inputs...for...reasons...
10k will test the limitations of our hardware staking units for MMXIV and BALLS. The coin may, at any time, be hard forked. Amount of inputs matter on resources, so this is an essential public test that must be on its own fork. There are certain points of data you cannot replicate on testnet. I will always give a 1 week notice of a hard fork should it be needed, unless an immediate threat arises
Future Updates via -- http://www.twitter.com/PurePoS -- Twitter Updates
Please read through this carefully before participating. It may become worth something, or it may be useless. For our purposes, the results and performance of this network will be invaluable data we are never able to replicate on testnet
Announcements
Staking starts right away
Mining continues until Block 100,000
Staking starts right away
Mining continues until Block 100,000
Mining
- 100,000 PoW Blocks
- 1 coin per PoW Block
- Block Time is irrelevant
- Estimated Mining Yield of 68,000
Pools
- http://10kcoin.pitythepool.com
- http://10k.hardcoreminers.com
- http://10k.minerpools.com
- https://10k.coin-miners.info/
- https://10k.suprnova.cc
Staking
- 10000% Yearly Stake
- Protocol will not switch
- 1 Hour Deposit Maturity
- Fast time between stakes
- Max coinage will be 16 days
- Constant staking will never make it to 16 days
- To maximize staking yield, reset coinage upon receiving a stake for 0.00
- Encourages active, 'manual' minting, while keeping inflation controlled without limiting stake or raising fees. 0 return means you have split as low as you can go. That stake round is over
- Six Decimals. Plan accordingly
This is meant to be an extreme stress test and will be treated as seriously as possible for the needs of the dedicated staking hardware available. Not only are we testing the extremes of the staking units, but also pushing the limits of what a Proof of Stake coin can handle. Don't listen to either hype or fud; make your own decisions on whether this coin is worth the risk for you or not before contributing any time or resources to the network
Mining will follow the same difficulty adjustments BALLS had so don't whine about instamine. It is not possible
Blocks 1-23 will be of high difficulty to avoid instamine and will then do a hard reset to speed up distribution
BLOCKS WILL BE EXTREMELY FAST; THIS IS EXPECTED
Blocks 1-23 will be of high difficulty to avoid instamine and will then do a hard reset to speed up distribution
BLOCKS WILL BE EXTREMELY FAST; THIS IS EXPECTED
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