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June 12, 2015, 01:47:40 PM
Heya is that with antminers on sha-256Just FYI that we're mining GEN on our multipool: www.xpool.ca and miners have the option to keep their GEN just by entering their GEN address in their user settings. Cheers! June 12, 2015, 01:41:40 PM
Thanks everyone for helping people new to the coin:)
Part of the reason for the selling out was how low the price was compared to the size of the coinbase. Even at 10k Satoshi's we were sitting at a $4,700 market cap. Now, there is 18,000 coins being created every day, BUT 80% of those are staked - meaning that people holding them can't sell them without staking less AND that coins bought on the market and withdrawn for staking also get a piece of that 14400 coin pie. So only about 20%, or 3600, of the coins are distributed to people that may not necessarily be staking - though a lot of miners are. Holders know that any coins that they sell on the market can ultimately be used to stake against them. Conversely, if they never sell coins then they'll never see a profit. So the question is, where's the breaking point for people? I cautiously predict a slow rise of support while buyers slowly try to lure holders into selling. Buyers then become holders themselves, and the cycle repeats. Dumps over time will be rare, but when there are, a whole lot more people end up with coins, network weight plummets giving people that hold strong a lot of coins, and then it slowly begins to rise again with a lot more people involved with a greater stake in the coin. And that's just a natural element of the coin outside the work I'm doing on the coin itself right now. It's a bit of a hydra - cut off one head and two more grow back. I can't see it being killed. It can only grow and grow, but that's just my perspective. June 12, 2015, 12:41:00 PM
Such WOW, GEN is Sold out at Yobit and almost at Bittrex.. Really hard to get Coins, if you cant mine them.Good Job.
June 12, 2015, 07:52:19 AM
Pretty surprising that a multipool picked up GEN but hey is just another good news
 June 12, 2015, 07:35:58 AM
Heya
Just FYI that we're mining GEN on our multipool: www.xpool.ca and miners have the option to keep their GEN just by entering their GEN address in their user settings. Cheers! June 12, 2015, 06:48:49 AM
Just discovered this Coin, looks interesting, but its really hard to get some Coins. Tho i was able to pick some up ~360. What blocksize do you recommend? Should i keep them in one block or split them? Ideal stack size is 100 coins thats what the wallet itself is targeting so if you have less then 100 you should keep em together if you have more than 200 you may split them in two or more to have 100 coins per stack June 12, 2015, 06:24:18 AM
Just discovered this Coin, looks interesting, but its really hard to get some Coins. Tho i was able to pick some up ~360. What blocksize do you recommend? Should i keep them in one block or split them? Ideal stack size is 100 coins thats what the wallet itself is targeting so if you have less then 100 you should keep em together if you have more than 200 you may split them in two or more to have 100 coins per stack June 12, 2015, 05:49:45 AM
Just discovered this Coin, looks interesting, but its really hard to get some Coins. Tho i was able to pick some up ~360. What blocksize do you recommend? Should i keep them in one block or split them?
June 12, 2015, 05:08:58 AM
Thanks guys! all up and running.
June 12, 2015, 04:51:17 AM
Hey dev! I just bought 100 coins and transfered them into my wallet. How does the staking work? I'm really new to this and don't know basically anything. I read the messages in this forum and already got some idea of it but how does it really work? Do i just keep my coins in my wallet and it will stake itself? Does the wallet need to be open all the time? Thanks.  Yes you need to keep the wallet open and make sure it is not encrypted. After 4 hours of the incoming transaction your coins will start to stake. You will be able to see it by watching the upwards faced arrow in the right bottom of the wallet. When your coins are staking the arrow is turned green and when you reach enough weight on the network your wallet will mine a stake block June 12, 2015, 04:42:40 AM
@hoolinnne encrypt your wallet with a good password, then decrypt it and see that this marked the box "to stake only".
June 12, 2015, 04:31:43 AM
Hi zsnorbi, you are right. It seems that the currency is on the right track for further growth. I just bought 200 coins to put in stake.
June 12, 2015, 04:29:35 AM
Hey dev! I just bought 100 coins and transfered them into my wallet. How does the staking work? I'm really new to this and don't know basically anything. I read the messages in this forum and already got some idea of it but how does it really work? Do i just keep my coins in my wallet and it will stake itself? Does the wallet need to be open all the time?
Thanks. June 12, 2015, 04:24:06 AM
It is really nice to see that price is constantly rising and there are only a few coins for sale on exchanges. As i predicted people will decide to hold and stake the coins it is rare to see that the price of a new coin after launch on exchanges is rising steadily without crash. Still a lot to rise to reach a correct marketcap
June 11, 2015, 04:06:13 AM
Very good initiative to promote the coin and the stake Dev, i hope to buy some coins today to put in stake. I am looking all the day to Bittrex
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