Topic: [ANN] SOV Sovereign SHA256 PoW/PoS No Premine LAUNCHED 10 JULY 2014 - page 4. (Read 25309 times)
May 13, 2014, 10:09:43 AM
hopefully this gets up and running soon. As it stands, I have my eyes set on comcoin which will release on friday. Hope its working before then so I can at least rub a few coins together.
May 13, 2014, 07:21:51 AM
Love me some Zimstake same Dev help do this coin oh buddy im in
May 13, 2014, 02:44:15 AM
Will be there for revival.
May 13, 2014, 01:37:05 AM
UPDATE: public IRC now added at http://sovereign.thescribe.eu
Sovereign will be revived soon. please check back.
Sovereign will be revived soon. please check back.
May 12, 2014, 03:15:22 PM
May 12, 2014, 03:15:03 PM
Mineoncloud will be here for revival 
May 12, 2014, 12:30:53 PM
60 * 24 / 8 * 3 = 540 SOV (this is the fixed output per day of mining)
540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)
144,000,000 / 197,000 = 730.96447
so, the PoW will last for 730 years? am I right?
540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)
144,000,000 / 197,000 = 730.96447
so, the PoW will last for 730 years? am I right?
你的对的,其实有很多币是被作者藏起来了
什么称为藏起来?
预挖是其中之一
也难免作者会弄隐藏的超级块
总之就是用来坑钱为目标.
注:看不懂中文的请用google
translate.google.cn
yeal you are right......I hate the dev if he do something bad...
POS runs simultaneously. Each POS block is subtracted from the block height of the POW phase. There will be many POS blocks and therefore the full compliment of POW blocks will not be mined. POW blocks might be finished when only lets say 5 or 10 or 20m coins have been issued. To see how this works in practice, look at the planned POW coins for Zimstake and the actual coins in circulation. Brilliant in my mind to make a coin rarer and not something the dev did wrong. It works perfectly as designed,
exactly! there is no exact date or time for end of PoW. I like the intrigue in this!
May 12, 2014, 12:29:38 PM
60 * 24 / 8 * 3 = 540 SOV (this is the fixed output per day of mining)
540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)
144,000,000 / 197,000 = 730.96447
so, the PoW will last for 730 years? am I right?
540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)
144,000,000 / 197,000 = 730.96447
so, the PoW will last for 730 years? am I right?
你的对的,其实有很多币是被作者藏起来了
什么称为藏起来?
预挖是其中之一
也难免作者会弄隐藏的超级块
总之就是用来坑钱为目标.
注:看不懂中文的请用google
translate.google.cn
yeal you are right......I hate the dev if he do something bad...
POS runs simultaneously. Each POS block is subtracted from the block height of the POW phase. There will be many POS blocks and therefore the full compliment of POW blocks will not be mined. POW blocks might be finished when only lets say 5 or 10 or 20m coins have been issued. To see how this works in practice, look at the planned POW coins for Zimstake and the actual coins in circulation. Brilliant in my mind to make a coin rarer and not something the dev did wrong. It works perfectly as designed,
May 12, 2014, 12:20:30 PM
60 * 24 / 8 * 3 = 540 SOV (this is the fixed output per day of mining)
540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)
144,000,000 / 197,000 = 730.96447
so, the PoW will last for 730 years? am I right?
540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)
144,000,000 / 197,000 = 730.96447
so, the PoW will last for 730 years? am I right?
你的对的,其实有很多币是被作者藏起来了
什么称为藏起来?
预挖是其中之一
也难免作者会弄隐藏的超级块
总之就是用来坑钱为目标.
注:看不懂中文的请用google
translate.google.cn
yeal you are right......I hate the dev if he do something bad...
this question has already been addressed earlier in the thread.
there is no 'hidden superblock' nor is there a premine and the development team did not instamine the coin (difficulty retargets prevent this)
thanks.
May 12, 2014, 12:13:38 PM
60 * 24 / 8 * 3 = 540 SOV (this is the fixed output per day of mining)
540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)
144,000,000 / 197,000 = 730.96447
so, the PoW will last for 730 years? am I right?
540 * 365 = 197,100 SOV ( this is the fixed output per annum of mining)
144,000,000 / 197,000 = 730.96447
so, the PoW will last for 730 years? am I right?
你的对的,其实有很多币是被作者藏起来了
什么称为藏起来?
预挖是其中之一
也难免作者会弄隐藏的超级块
总之就是用来坑钱为目标.
注:看不懂中文的请用google
translate.google.cn
yeal you are right......I hate the dev if he do something bad...
May 12, 2014, 12:05:36 PM
updated OP. CG doing a fix now.
May 12, 2014, 12:58:42 AM
Can you provide any sort of timeline for this update? I understand it would take some time...it would just be nice to have an idea of how much time. We're sort of hanging here...
i'm afraid you are in the dark as much as I.
I am waiting to hear from our developer.
May 11, 2014, 11:48:14 PM
Can you provide any sort of timeline for this update? I understand it would take some time...it would just be nice to have an idea of how much time. We're sort of hanging here...
May 11, 2014, 02:59:53 AM
so damn slow transaction ,imagine if i use this coins to buy something from the net or trade with btc , imagining waiting for maybe a minimum of an hour half just to get a full confirmation, might be longer since 1 block with target difficulty keep changing , for eg. block 38- 39 required like at least 10 hrs for that comfirmation.
so 10 hrs x 8 blocks = 80 hrs , almost 3+ days for a comfirmed transaction .
This coin is joke in terms of quick , efficient , carbon friendly and value.
so 10 hrs x 8 blocks = 80 hrs , almost 3+ days for a comfirmed transaction .
This coin is joke in terms of quick , efficient , carbon friendly and value.
we're going to be amending some data on the coin, first up is the confirm times and difficulty retargeting.
with regards to efficient, carbon friendly and value - think more in terms that you will only ever need to mine 1SOV before powering down your ASICs (or using them for other cryptocurrencies) PoS is active early and coins are minted at 100% per annum. THIS, in case it hadn't been realised, is very carbon friendly
I don't ask anyone to mine Sovereign as their only coin. Drop/Hop and Dip in now and again, we have plenty of time to gather Sovereigns
May 11, 2014, 02:56:09 AM
Anyone else having issues at Eliteminer?
Can't login, locks account; reset account; locks again immediately; change password (as instructed); locks again. Raised a ticket yesterday with no response. Now it looks as though their automated emails aren't being sent - i.e. no response to a password reset request. Not really bothered about the 1 Sovoshi or whatever it is I have there, but would be nice to sort out.
And re. the blocks, Hardcoreminers shows both the current block and the last solved block as 29.
Can't login, locks account; reset account; locks again immediately; change password (as instructed); locks again. Raised a ticket yesterday with no response. Now it looks as though their automated emails aren't being sent - i.e. no response to a password reset request. Not really bothered about the 1 Sovoshi or whatever it is I have there, but would be nice to sort out.
And re. the blocks, Hardcoreminers shows both the current block and the last solved block as 29.
IceCube is migrating eliteminer to a new server, it's all safe and will be back up soon.
while we endeavour to fix the stuck block (29) please point your ASIC's towards another coin. I recommend Bitcoin.
We'll be back with a fix for Sovereign, ASAP. Thanks for your patience.
May 11, 2014, 02:32:08 AM
Anyone else having issues at Eliteminer?
Can't login, locks account; reset account; locks again immediately; change password (as instructed); locks again. Raised a ticket yesterday with no response. Now it looks as though their automated emails aren't being sent - i.e. no response to a password reset request. Not really bothered about the 1 Sovoshi or whatever it is I have there, but would be nice to sort out.
And re. the blocks, Hardcoreminers shows both the current block and the last solved block as 29.
Can't login, locks account; reset account; locks again immediately; change password (as instructed); locks again. Raised a ticket yesterday with no response. Now it looks as though their automated emails aren't being sent - i.e. no response to a password reset request. Not really bothered about the 1 Sovoshi or whatever it is I have there, but would be nice to sort out.
And re. the blocks, Hardcoreminers shows both the current block and the last solved block as 29.
May 11, 2014, 02:19:53 AM
so damn slow transaction ,imagine if i use this coins to buy something from the net or trade with btc , imagining waiting for maybe a minimum of an hour half just to get a full confirmation, might be longer since 1 block with target difficulty keep changing , for eg. block 38- 39 required like at least 10 hrs for that comfirmation.
so 10 hrs x 8 blocks = 80 hrs , almost 3+ days for a comfirmed transaction .
This coin is joke in terms of quick , efficient , carbon friendly and value.
so 10 hrs x 8 blocks = 80 hrs , almost 3+ days for a comfirmed transaction .
This coin is joke in terms of quick , efficient , carbon friendly and value.
May 11, 2014, 01:49:11 AM
CG's not up yet? or he's working on it?
can we just forget about block 29 and go to block 30 directly
can we just forget about block 29 and go to block 30 directly
haven't heard from him yet, will keep everyone posted on fixes as they happen. thanks for your patience and understanding.
May 11, 2014, 01:48:39 AM
the net hashes have really drop off now.still at 40 to 50 t/h but was way higher at launch.i want to mine this coin but i think it needs alittle tweaking.just something to fix difficulty and block time.guys dont forget its 100% PoS over a year which is really good if u can get just a few coins in walllet.than we will see some coins in circulation.it wont take 40 years lol.
Thanks for understanding the method, and of course, your patience in the launch. There are small issues which we need to iron out, including difficulty retargets. Real life issues are currently getting in the way, but hey... we have plenty of time to get it fixed. And yes, the whole point of SOV is that ther is never any need to mine many. The length of the coin should advise;
"People who cannot understand why you would design ANYTHING to last a generation probably should remain in grade school." - Biomech.
May 10, 2014, 09:28:22 PM
CG's not up yet? or he's working on it?
can we just forget about block 29 and go to block 30 directly
can we just forget about block 29 and go to block 30 directly
Jump to: