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Topic: [ANN] [PENG] Penguincoin - Vote for Cryptsy! - page 80. (Read 206085 times)

r05
full member
Activity: 193
Merit: 100
test cryptocoin please ignore
PENG subreddit is alive and kicking:

http://www.reddit.com/r/penguincoin
legendary
Activity: 1358
Merit: 1002
Pools should change the confirmation of 120 too like 20 or something. 120 is high...

Diff is dropping = more coins!! Cheesy Too the mooooon

this is not something the pools decide, its the network, its built that way, look at litecoin, bitcoin.. well any coin actually...

not block re-targert, i meant the pool confirms for blocks. The coin specs are perfect.

This CAN be changed, and pool owners do it to get more miners in there pool:



Yes, pool owners can do it, but as stated a little further up, that means they are pulling coins out of their own pocket to pay you earlier and then the operators are waiting the 5ish hours to get the payout.  You can do it, but there is risk involved.
and you need to have the coin, thats also difficult when its a new coin, and with only few who wants to pay for using a pool, coins will be hard to come by
legendary
Activity: 1358
Merit: 1002
Pools should change the confirmation of 120 too like 20 or something. 120 is high...

Diff is dropping = more coins!! Cheesy Too the mooooon

this is not something the pools decide, its the network, its built that way, look at litecoin, bitcoin.. well any coin actually...

not block re-targert, i meant the pool confirms for blocks. The coin specs are perfect.

This CAN be changed, and pool owners do it to get more miners in there pool:



For the first 100 blocks after a block is mined, the coinbase output is unspendable. The litecoin client waits an additional 20 blocks after that so an effective 120 block holding period is in effect on newly mined litecoins. This limit is the same as in Bitcoin and due to Litecoin's faster block rate, means new coins mature in ~4 hours vs Bitcoin's 16 hours. This is a problem because in the case of a network fork, coins mined during the fork becoming spendable create transactions that can never be merged back into one chain.

quote from : https://github.com/litecoin-project/litecoin/issues/26


this is from my pools wallet:

{
        "account" : "",
        "category" : "immature",
        "amount" : xxxxxx,
        "confirmations" : 35,
        "blockhash" : "xxx",
        "blockindex" : 0,
        "txid" : "xxx",
        "time" : 1391536439
    },

notice the highlighted part
member
Activity: 98
Merit: 10
Penguincoin / PENG can now be traded! It was recently added to this new professional looking crypto exchange: http://pmtocoins.com/

Get trading!

Yep now on there, i will begin some trades, lets get PENG trading fellow PENGS

http://pmtocoins.com/index.php?page=trade&market=7
What's that site? It's all empty.

It's a new exchange.. exchange operator saids he's having a few difficulties so patiently waiting on the update on whats happening.
full member
Activity: 126
Merit: 100
Penguincoin / PENG can now be traded! It was recently added to this new professional looking crypto exchange: http://pmtocoins.com/

Get trading!

Yep now on there, i will begin some trades, lets get PENG trading fellow PENGS

http://pmtocoins.com/index.php?page=trade&market=7
What's that site? It's all empty.
newbie
Activity: 14
Merit: 0
Pools should change the confirmation of 120 too like 20 or something. 120 is high...

Diff is dropping = more coins!! Cheesy Too the mooooon

this is not something the pools decide, its the network, its built that way, look at litecoin, bitcoin.. well any coin actually...

not block re-targert, i meant the pool confirms for blocks. The coin specs are perfect.

This CAN be changed, and pool owners do it to get more miners in there pool:

http://gyazo.com/eada243b4d001ec55ce05e405e9c928f.png

Yes, pool owners can do it, but as stated a little further up, that means they are pulling coins out of their own pocket to pay you earlier and then the operators are waiting the 5ish hours to get the payout.  You can do it, but there is risk involved.
member
Activity: 98
Merit: 10
Pools should change the confirmation of 120 too like 20 or something. 120 is high...

Diff is dropping = more coins!! Cheesy Too the mooooon

this is not something the pools decide, its the network, its built that way, look at litecoin, bitcoin.. well any coin actually...

not block re-targert, i meant the pool confirms for blocks. The coin specs are perfect.

This CAN be changed, and pool owners do it to get more miners in there pool:

legendary
Activity: 1358
Merit: 1002
Pools should change the confirmation of 120 too like 20 or something. 120 is high...

Diff is dropping = more coins!! Cheesy Too the mooooon

this is not something the pools decide, its the network, its built that way, look at litecoin, bitcoin.. well any coin actually...
newbie
Activity: 27
Merit: 0
Be careful to trade on website without SSL strictly enabled. It is possible to evasdrop http request and steal http cookies on websites that doesn't have SSL enabled. I personally only trade on websites that have SSL strictly enabled (https always on, no http) to prevent my account being hacked and coins stolen.

Penguincoin / PENG can now be traded! It was recently added to this new professional looking crypto exchange: http://pmtocoins.com/

Get trading!

Yep now on there, i will begin some trades, lets get PENG trading fellow PENGS

http://pmtocoins.com/index.php?page=trade&market=7
sr. member
Activity: 336
Merit: 250
60k peng for sale msg offers!
member
Activity: 98
Merit: 10
Pools should change the confirmation of 120 too like 20 or something. 120 is high...

Diff is dropping = more coins!! Cheesy Too the mooooon
sr. member
Activity: 252
Merit: 250
Hi there,

Crypticpool is in it for the long run, I can assure you that it is not a scam. A new block doesn't get mature (meaning that it show ups as immature balance, you can't send it to any other wallet) until 120 confirmation. The target time is 2.5 minutes per block on average, but sometimes it takes longer. (2.5 minutes x 120 = 300 minutes ~ 5hours) So it will take each new round of unconfirmed earning roughly 5 hours to become confirmed.

Reference: https://github.com/litecoin-project/litecoin/issues/26 (Penguincoin is based on Litecoin)

Right now all the big penguin pools are doing 120 confirmation. Clicks on the links below, scroll down to bottom right and you will see (Note: Round Earnings are not credited until 120 confirms.) on all of them:

https://www.crypticpool.com/peng/index.php?page=statistics&action=pool
http://peng.multi-pool.eu/index.php?page=statistics&action=pool
http://peng.lotterymining.com/index.php?page=statistics&action=pool

Hope that helps

crypticpool will end in a scam or why does it take ages for confirmation?

has anybody a pool with faster confirmation?

Havent had any problems here, one of the good pools i can assure you.
newbie
Activity: 27
Merit: 0
Hi there,

Crypticpool is in it for the long run, I can assure you that it is not a scam. A new block doesn't get mature (meaning that it show ups as immature balance, you can't send it to any other wallet) until 120 confirmation. The target time is 2.5 minutes per block on average, but sometimes it takes longer. (2.5 minutes x 120 = 300 minutes ~ 5hours) So it will take each new round of unconfirmed earning roughly 5 hours to become confirmed.

Reference: https://github.com/litecoin-project/litecoin/issues/26 (Penguincoin is based on Litecoin)

Right now all the big penguin pools are doing 120 confirmation. Clicks on the links below, scroll down to bottom right and you will see (Note: Round Earnings are not credited until 120 confirms.) on all of them:

https://www.crypticpool.com/peng/index.php?page=statistics&action=pool
http://peng.multi-pool.eu/index.php?page=statistics&action=pool
http://peng.lotterymining.com/index.php?page=statistics&action=pool

Hope that helps

crypticpool will end in a scam or why does it take ages for confirmation?

has anybody a pool with faster confirmation?
sr. member
Activity: 252
Merit: 250
yeh diff is dwn, great time to get coins before this is released on exchanges and massive influx of miners arrive again.
legendary
Activity: 1358
Merit: 1002
crypticpool will end in a scam or why does it take ages for confirmation?

has anybody a pool with faster confirmation?
network has slowed down, thats why it takes longer to get to the 120 confirmations... its quite natural
anyone offering faster payout is using their own coins, because the mined coins are not available until they have been confirmed by the network.
member
Activity: 98
Merit: 10
We have listed penguin on our exchange http://pmtocoins.com however there are few technical issues as of now as we just started but we make it sure that everything will be fixed as soon as possible(in few hours hopefully). For better support we are always online on skype pmtocoins

Please update on whats happening? cheers.
newbie
Activity: 14
Merit: 0
crypticpool will end in a scam or why does it take ages for confirmation?

has anybody a pool with faster confirmation?

peng.cryptohashery.com is set for 120 confirmations.  Not sure if you consider that faster, slower, or the same.
sr. member
Activity: 240
Merit: 250
http://peng.plingeling.se

Fast EU-Server 0.5% fee


PENG: pScDf4n52vGVmgfiBpSgndkWphMdbcFQkv
newbie
Activity: 29
Merit: 0
crypticpool will end in a scam or why does it take ages for confirmation?

has anybody a pool with faster confirmation?
legendary
Activity: 1442
Merit: 1000
I have Penguincoin for sale if anyone wishes to trade via pm

cheers
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