Topic: [ANN] ★ Save and Gain ★ COINSWAP ABOUT TO START -> POS/POW X11 - page 6. (Read 48033 times)

Summary: this is a POW coin. There is a portfolio of POS coins which have been donated. 75% of POS of the portfolio is sold to buy SANDG from the exchanges or to increase the number of coin's in the portfolio. Currently, consideration is being given to changing to a POS coin and/or merge mining. Hope this helps.

What going on ..I am confused ... it was new coin or staking pool or exchange coin topic or sell offer wall
I didn't read all pages by the way

Concerning POS - I like POS coins but the problem, as I see it, is there are
way more POW Sandg being produced than can be absorbed by the portfolio
 profits. This causes rock bottom prices with sellers dumping at any price
because they can mine a lot fast.

POS gives a reason to hold but I would expect the POS to be dumped.
The key is stay with POW and lower the rewards to a level which is lower than the
portfolio can absorb (raising prices) or, add POS and substantially lower or eliminate POW.

POS must be meaningful to expect people to hold coins but, result in less coins that are currently being produced.

nice

http://hashpower.co/

Example: -a algo -o stratum+tcp://hashpower.co:port -u sandg adress -p c=sandg


Currencies

We support payments using these currencies at the specified conversion rates. Select the currency you want to get paid in and use your wallet address in the -u parameter on your miner's command line. Make sure the currency you choose is actively mined. You can use your exchange's deposit address.

OK, went to that new safecex exchange to vote for STEPS and done a bit browsing around and found:

https://safecex.com/market?q=SANDG/BTC

Checking the voting page it looks like they adopted the coin on their own, probably due to their connection to hashpower.co. They still use the shits and giggles logo as well (though in tiny it's really shiny looking )

Anyway, nice to see this.

3 ORB hold this! i sent you the BTC, give me BTC adress at value of 20000 satoshi per ORB

i changed my opinion, don't send to topia

0.0006 BTC ...

the POS diff in ORB is low, because the POW goes high..

hold the ORB and only give me a adress for BTC

Indeed I was pleasantly surprised at the total as I too had noticed the stakes were down on last week.

On another note I have had someone looking into the SandG code and the issue I am having with POS, believes he has solved the issue and for a price of 0.6 BTC will provide an updated code, along with a new win and Mac wallet.

I think it too high a fee but as with everything I wont make a decision without asking here first, also what are your thoughts on POS rewards amounts etc I have an idea of what I think would work, but lets get your thoughts

Crunck

Returns steady, good. But with quite some fewer stakes than last time, lets hope that's less luck last week and not that much higher difficulty/network weight. The thing that made up for it is the Sprouts and Cube prices are doing some nice recovering and Paycon rose slightly as well, that's good to see.

Sprouts Staked 9155
6866 sent to Topia

BTC 0.00157602

ORB staked 4
3 sent to ( going to speak to Mario for rates )

BTC

Paycon staked 480
360 sent to Yobit

BTC 0.00046713

Cube staked 13
13 sent to C-CEX

BTC 0.00358082

TEK staked 163
122 sent to Topia

BTC 0.00045050

Total : 0.00607447 Pending ORB total

Still doing good given the circumstances. First the BTC price and now Cryptsy. Tough market indeed.

you  sold me the ORB fine
now is the price 0.00010000   20.00000000   0.00200000   0.00200000
talk with me, i can buy your ORB for a special price

RateCoin Staked 1400
1050 sent to Yobit
0.00083834 BTC

Sprouts Staked 18600
13950 sent to Topia
0.00180987 BTC

ORB Staked 7
5.25 sent to Topia
0.00050299 BTC

PayCon Staked 630
472.5 sent to C-CEX
0.00056700 BTC

CUBE Staked 14
14 Sent to Yobit
0.00244538 BTC


Total : 0.00616358 BTC

talk  with ghostlander, the POS system of ORB is really fair... and no limit

Yes, the possibility of PoS was kept open from the start but the decision to try it was made quite a bit later but hit an unforeseen bump.

@crunck: Btw, in that new PoS enabled wallet, was that interference with DarkTron solved?

Well, I think once a price drop happened you can't do anything about it. The thing left is to consider how the market may develop in the future and how the chances are that the PoS profits exceeds possible (further) market losses on a high enough level to make the coin worthwhile.

Sprouts is a difficult case. The founding devs gone I think and Cryptsy as the major exchange for it going all shady and not unlikely to follow MtGox's fate. Trouble is that still a lot of trading seems to be happening at Cryptsy but quite a lot of the exchanging kind of miners and stakers are selling elsewhere to be able to get the BTC out. Given that Cryptopia is holding price surprisingly well, though. I'd say damage done, but high stake coins are always a somewhat risky two sided blade affair. The community is still good enough there so chances are good that, if it happens at all, it takes still quite a while before price hits 0 sats. Another bigger exchange, a new wallet in a community effort, the use of the relatively good and well known name for some pump'n'dump action or perhaps the crash of Cryptsy and the, if the altcoin market is mostly surviving that, rise of another exchange to be a major player are all not that unlikely opportunities.

When it launched there was never any promise of POS, however I think it would now be a good idea, I have asked presstab to take a look at the code for me but the more time that passes I am starting to think it would be easier and cheaper to create a brand new wallet and do a swap.

I'am still holiding out hope we can get this damn wallet working with POS but it has issues

Thanks
Crunck

Congratulation dev, you are building a nice selected and growing portfolio, but there are something i dont understand. When the coin was launched it promised Pos, but actually it only is Pow, do you have some ETA for enable the pos?, really would be nice stake some sandg

0.00323459  Tekcoin - Topia
0.07315228  Ratecoin - yobit
0.03136427  Sprouts - Bittrex
0.04204192  Hyperstake - Topia
0.06443937  Paycon - Topia
0.02498988  Cube - Yobit
0.25044970  Orb - Topia

Total - 0.48967201

Where are you geting your price from Mario for the ORB.

Also our holdings are worth considerbly more if I use Cryptsy but of coarse we cant as we cant get our BTC off the exchange.

Another issue I think we need to have a think about is the Sprouts price, I have been on thier thread and they are worried that with all the issues with cryptsy they dont see a way for the price to jump back up.

Indeed the price of some of the alts have recovered since the madness with BTC I will add it all up again a little later

Approx value of  SandG holdings in BTC: BTC0.457

update op

2500 ORB = 0.375 only ORB

CUBE staked 21
21 sent to C-CEX
0.00231000 BTC


ORB staked 8
6 sent to topia
0.00036557 BTC


HYP has staked 1 times so I'm leaving that for now


Sprouts staked 14751
11000 sent to topia
0.00197604 BTC

Paycon staked 660
495 sent to C-CEX
0.00064845 BTC
The C-CEX price is silly @ 499 so I have put in a buy order @75 on there.


RATECoin staked 1100
825 sent to yobit
0.00055181 BTC

Total exchange BTC into SandG was : 0.00585187 BTC