Topic: [ANN] Grim Coin - UPDATED!!! MasterNodes, re-enabled PoW - page 4. (Read 48874 times)

Added to AsiaPool.  We've moved into the 5 block rewards for PoW!

Address letter has changed to lower case "g"...this hopefully will prevent some cross wallet coins being sent!

The block rewards are lower for PoS, however we reduced the block time to 60 seconds...so this will actually lead to more coins being produced every hour than original.

We have 2 MN online currently, this is to keep the PoS/MN chain running until swap.  Once we begin swap, we will pull these offline.

Website and the ANN will be updated in the next few days also.


Source and wallets : https://github.com/GrimReaperCoins/GrimMasterNode/releases/tag/v1.0

Mac wallet will be uploaded soon.  Use the above links for wallets...website isn't updated yet!  The wallet creates a new folder in the app/data directory...so you can run both chains at the same time until the swap!

The after deadline coins can't swap and unvalue. U can stop staking now

I'm reading only in this moment your post. My wallet has staked some coin after your deadline. What have I to do with theese minted coins? You say the minted coins after the deadline will not be eligible to be swapped, so if I understand well the snapshot had fixed our balance at the deadline and we will be able to swap only those. Does the minted after dead line coins have some value or not? I dont know if "old" Grim will die or not.

Not long now before the coin swap starts! I have stopped staking as there is no point right now and just waiting for the 19th to swap my coins. I'm really looking forward to the future of Grim and setting up my masternode. I'm hoping all goes smoothly on the day of the swap, the team are taking all the right measures to make sure it is successful.

As many are aware, our old chain didn't stop at the max supply and is continuing to mint coins.  Given the new chain is up and running and exchanges have the new source, to avoid a delay in launch, we have decided to go this route...

We are doing a snapshot of the blockchain right when it hit the INTENDED max supply, this is what we will use to swap coins.  Anything minted after this block (around 10:00pm eastern time on July 12th) will not be eligible to be swapped.  Exchanges have placed their wallets in maintenance until the swap on the 19th.

The hope to have our swap bot ready and updated with this change...will keep everyone informed.

The algo will remain Scrypt.  We are working out a pool as well.

Waiting for swap I ask you if new grim algo will be again scrypt and when we will be able to read the sotware configuration line (ccminer url or sgminer etc..). Has grim team an internal mining pool or who of us will try mining has to work on solo mining? I think the first weeks I will mine grim to support it and for good pow reward

Nice and honest specs/progress grim team, its gonna be great! grim is a coin thats here to stay.

We are working on a script and guide both.

Final specs for GRIM after swap...

Coinbase Maturity: 100 Blocks
RPC Port: 19666
Blocktime: 90 sec
Minimum Stake Age: 6 hours
Max Supply: 250 Million
Masternode Collateral: 175000
POS Split: 65% MN / 35% POS

POW Rewards: (chain is running now, public launch Block 11,000/July 19th)
Block 1-150: 0 GRIM
Block 150-11000: 10 GRIM
Block 11000-18000: 200 GRIM (Block 11,000 will hit on July 19th)
Block 18000-forever: 10 GRIM

POS/MN Rewards:
Block 200-18000: 1.54 GRIM
Block 18000-125000: 400 GRIM
Block 125000-250000: 200 GRIM
Block 250000-375000: 100 GRIM
Block 375000-500000: 50 GRIM
Block 500000-625000: 25 GRIM
Block 625000-750000: 12.5 GRIM
Block 750000-forever: 10 GRIM

Of note there...we are currently mining (block reward of 10) and have 2 MN set up (reward 1) and a few PoS (reward .54) running.  This is to secure the chain prior to launch...all coins mined/gained from this will be given away in 1-3 give-aways to the community and 100% verifiable.  Also, to prevent the first few MN online from gaining too many rewards, there will be a week +/- of mining at 200 reward before MN's pick up and give their full rewards.  This is to have a fair launch for timezone differences etc...

Wallets and source will be released on July 19th.  We will also be releasing the details of the swap ASAP...we are working on a bot to automate it but want to make sure it's flawless before announcing that

That's good news on the exchanges doing the swap for people who prefer to let the exchanges handle the swap. I prefer to have the coins in my wallet for the swap as exchanges can take a few days to complete the swap. I do have a question for the dev to do with masternodes, will the set up for a node on VPS use a script? which most masternodes are doing now.

Stocks.Exchange and TradeSatoshi are both going to swap any coins that are on their exchanges on the 19th.  We won't recommend or discourage this...I would think it's a safe way as both have done others in the past, but as with anything, anyone but yourself holding coins is always "some" risk.  Both exchanges will disable withdrawals tomorrow (July 11th) at some point during the day.  Stocks.Exchange will allow deposits up until the 19th however.  TradeSatoshi hasn't confirmed if they will allow deposits or not.  For the coins you hold personally, we are still working on a POSSIBLE easier solution than manual swapping, but we will announce this ASAP either way.  Full specs will be announced soon also.

In summary...SE and TS will both swap any coins on their exchange, but if you wish to withdrawal them, you need to do so today/tonight!

We will be updating our ANN thread soon with the updated coin specs, within the next day or 2.  Swap date is set for July 19th.  The exact procedure will be announced soon also.

We also want to take a minute to thank everyone for being a part of the GRIM community!  It's been almost 9 months and you've all hung in there with us!  How many other coins out there are folding under both in community and Dev activity after a month?  2?  3?  It's been nearly 9 months, and not only has the community still been active along with us, but we grow every day!  Every day there are new people joining our Discord.  Every day there are new people tweeting.  Every day there are more people buying GRIM coins.  And to think...this isn't even the tip of the iceberg on what we are going to do with GRIM and it's family!  So, let's continue to get the word out there...if each of us spent 5 minutes a day promoting GRIM (twitter, facebook, forums, in person to our friends, or 100 other ways) and 1 person joined the GRIM community...where will we be this time next year?

We plan to do a renewed promotion campaign after the swap...and we will try to do our part.  But the community is as important as we are in both spreading the word about GRIM and it's value!  I was asked just a few minutes ago in Discord what I thought the value of GRIM would be after the swap.  My response...Only YOU can decide that!  Think about that for a minute...whoever sets their sell price at the lowest point...decides that in a "simplified" form!  If you decide to sell for "X" satoshi...then someone thinking about buying must think that's what GRIM is worth.  Apply this to a coin with NO purpose and it's price could go up 100 fold.  Apply this to a coin like GRIM where we have a long-term future planned and real uses for it...and the sky's the limit!

So, in summary...we will continue to develop GRIM and it's family...and if you, the community, will continue to support us and promote your own investment, we can ALL make GRIM a coin to be reckoned with!

OH...have I mentioned it's been almost 9 months since we launched?!?!  I've been in crypto for a VERY long time...and that's an accomplishment that comes from both Dev AND community dedication!  Thank you all!

If we can GRIM listed on masternodes.online, I think it would really help promote it.

https://campaigns.masternodes.online/product-category/coin-listing/

We'd have to gather 0.2 BTC as a community though.

Masternodes are a fun way to earn a passive income during a bear market

700K GRIM for a MN is currently around 350 USD (CHEAP AF)

Yes it has no use case yet...but with a 100k MCAP the potential for growth is huge

I'm mainly HODLing this one because I think their Grim reaper logo is cool

...they have a friendly community with active development too (this can be hard to find in crypto)

Thank you for answer. Collateral is enought expensive for me. I dont say is wrong made or mistaken, but I bought GRIM when it was X15 from now, and my fidelity follow price action. Without controversy!

Just acquired a masternode! The logo and promo videos sold it to me haha. I think the community will grow nicely if the MN's are successful. It will form a decent foundation for future ventures. I think the grim reaper logo is cool and will get a lot of people in. Humans are like that lol

I'd delete everything in C:\Users\YOURNAME\AppData\Roaming\Grim

Except your wallet.dat file as thats where your coins are held

Then reload your wallet & redownload the blockchain  - shouldn't take too long there's heaps of nodes