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Topic: [ANN] Snowballs (BALLS) | SHA256 | 25k Blocks Mined | 5000% Proof of Stake | - page 5. (Read 9485 times)

sq
sr. member
Activity: 294
Merit: 250
sr. member
Activity: 332
Merit: 250
Am mining some. How about a pool?
full member
Activity: 216
Merit: 100

Snowballs (Coin) Launch Thread
http://mmxivcoin.com/forum/index.php/topic,23.0.html


If anyone wants to copy this to bitcointalk since I'm banned, that would be cool
I'll post it in my own thread whenever my ban is up, but who knows when that will be



Snowballs

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

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

  • 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


       
Mining Pools




Rewards Program

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




And I love this part.  "Experiement to push the limit of our staking hardware".

Are you fucking kidding me?  "A gussied up raspberry pi might explode if we move the decimal point around, let's create a shit coin to be sure it's safe."
full member
Activity: 216
Merit: 100


Quote from: Maieutica
This coin was also intentionally made to be tough for pools. It is meant to be solo mined and distributed quickly so there are a lot of coins out prior to reaching the staking phase tomorrow afternoon

WTF does this bullshit mean?

Tough for pools?  What is tough about it besides it being such shit no one cares to set up a pool for it?

Meant to be solo mined and distributed quickly?  It's not being distributed to anyone besides iGotSpots right now because no one knows about it and there are no pools or exchanges.

I like high PoS so I was initially interested but shill your cash grab elsewhere Spots, fuck this garbage.
sr. member
Activity: 419
Merit: 264
We will keep an eye on BALLS (lol). It's a interesting project, from hardware aspect.

Wish you best of luck.

EmpoEX Team
newbie
Activity: 24
Merit: 0

Snowballs (Coin) Launch Thread
http://mmxivcoin.com/forum/index.php/topic,23.0.html


If anyone wants to copy this to bitcointalk since I'm banned, that would be cool
I'll post it in my own thread whenever my ban is up, but who knows when that will be



Snowballs

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

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

  • 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


Mining Pools




Rewards Program

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




Quote from: Maieutica
This coin was also intentionally made to be tough for pools. It is meant to be solo mined and distributed quickly so there are a lot of coins out prior to reaching the staking phase tomorrow afternoon
newbie
Activity: 24
Merit: 0
This Thread has been moved to- https://bitcointalksearch.org/topic/ann-snowballs-one-more-hard-fork-to-balls-202-ballsmmxiv-market-open-843495



Snowballs (Coin) Launch Thread
http://mmxivcoin.com/forum/index.php/topic,23.0.html


If anyone wants to copy this to bitcointalk since I'm banned, that would be cool
I'll post it in my own thread whenever my ban is up, but who knows when that will be



Snowballs

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

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

  • 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



Mining Pools






Rewards Program

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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