Topic: [ANN] Snowballs (BALLS) | SHA256 | 25k Blocks Mined | 5000% Proof of Stake | - page 4. (Read 9408 times)

wait until the dev pushes the update which fixes the fees, it is written on the ANN, last sentence

so what happens with coins on pool now?

The Dev stated that withdrawals / moving of coins is not possible at first.. You're only mining and waiting for the Dev to release an update

The Dev stated that withdrawals / moving of coins is not possible at first.. You're only mining and waiting for the Dev to release an update

error: {"code":-4,"message":"Error: This transaction requires a transaction fee of at least 44160.00 because of its amount, complexity, or use of recently received funds  "}

WTF

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Snowballs

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Snowballs are an experiment to push the limits of our staking hardware. They will feature 1,000,000 BALLS via SHA Proof of Work followed by 5000% yearly stake. This is very high because we are testing methods of making the Snowball Staking hardware a viable alternative to expensive, high energy miners. The short mining phase ensures we have widespread coin distribution to ensure a smooth hand off to a Pure Proof of Stake network


Future Plans

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It's up to you guys whether you mine it or not. We have plans to use this coin as an incentive program towards our Snowball hardware customers. It has a use for us. Whether you want to participate or not is cool either way. The goal is to provide a low cost, standalone staking device that can earn more than high cost, high energy mining hardware. Minting is the future of low cost coin generation and we are at the forefront both with Maieuticoin and now Snowballs, which are created to out-perform proof of work chains for minting profits vs mining costs


Coin Specs

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• Algorithm: SHA256    Ports: 11064, 21064
• 40 BALLS each over 25,000 Mined PoW Blocks
• Proof of Stake at 5000% yearly yield 24h / 30d
• Staking starts November 2nd at 12:00:00 GMT
• Tx fees are destroyed for anti-inflation (640000000)
• Name conf file mmxiv.conf in Roaming/Snowballs Folder
• • This is an important step for all Snowball hardware
• • If self compiling, it will make as MMXIV-Qt/mmxivd

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Mining Pools

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• More Pools Needed
• More Pools Needed
• More Pools Needed
• More Pools Needed
• More Pools Needed

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Rewards Program

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BALLS will be an available option when you purchase your Snowball Staking Hardware with Maieuticoin. Unlike when selecting another chain, each Snowball customer that chooses BALLS will receive some free per purchase. Simply send us an address your Snowball hardware generates once you receive the unit. This is why this coin has such a high staking percentage; to encourage the use of cheap, cost efficient, low energy staking hardware for long term profits instead of expensive, outdated, high energy mining hardware that will, very likely, net owners a negative ROI as difficulties go higher and profitabilities per MH, GH, or TH fall lower

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Fees have been set intentionally high and will be adjusted in a fork soon to a more appropriate level. I highly suggest solo mining this coin instead of mining on a pool until the fees are changed. You will not be able to move coins around until the fees are changed. This will most likely happen tomorrow

Good luck!