[ANN] SOV Sovereign SHA256 PoW/PoS No Premine LAUNCHED 10 JULY 2014 - page 6.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: BBmodBB on May 10, 2014, 12:35:48 PM

Quote from: raskul on May 10, 2014, 12:02:57 PM

......

1SOV. all you ever need.

why? I mined all night and didn't even get one!!! LOL

~ what is the purpose of this coin?

The purpose of this coin is to stay alive, long into the future, but this will depend, not on the coin itself, nor it's statistical algorithms but in the people who believe in it. it's been designed to be the toughest nut to crack. enjoy.

BBmodBB

full member

Activity: 154

Merit: 100

BTC = FREEDOM IS OUR ONLY HOPE!

Quote from: raskul on May 10, 2014, 12:02:57 PM

......

1SOV. all you ever need.

why? I mined all night and didn't even get one!!! LOL

~ what is the purpose of this coin?

raskul

sr. member

Activity: 434

Merit: 250

Quote from: afong9 on May 10, 2014, 12:32:26 PM

730 years of mining, ha ha ..
I live less than 730 years
Block Time 8 minutes
I think
Change Block Time 1 minutes is a good idea to look for investors trading platform and landing as soon as possible, miners need to pay for electricity.

how ironic Roll Eyes

No, please try to take in a better understanding of the language which we speak.
I have answered that one already, as stated in previous reply to you. PoW does not last 730 years, as staking/minting will reduce PoW to around 45 years.
If you don't want to be involved in using cryptocurrency in that time, then why do you even bother mining?

Too many people - all you wish to do is mine the launch of a coin and dump it all on toy exchanges.
Well, I'd like to see you try that with this coin. This was intended, not it's sole it's purpose, but it's longevity.

If the coin dies (which I had always anticipated, it won't be because of the coin, or the algo, or the block time or the difficulty retargets... but because of human greed and the inability to nurture the things that they so ardently stand up to praise.

Sove is the worlds longest cryptocurrency, that's all.

And; all you need, is 1SOV

afong9

member

Activity: 119

Merit: 10

730 years of mining, ha ha ..
I live less than 730 years
Block Time 8 minutes
I think
Change Block Time 1 minutes is a good idea to look for investors trading platform and landing as soon as possible, miners need to pay for electricity.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: afong9 on May 10, 2014, 12:23:07 PM

Quote from: raskul on May 10, 2014, 12:07:40 PM

Quote from: afong9 on May 10, 2014, 11:06:22 AM

Quote from: martinyin on May 10, 2014, 09:20:50 AM

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?

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

Wrong, there has been no premine, and no instamine of Sovereign.
please;

http://sovexplorer.seednode.us

144,000,000 / 197,000 = 730.96447 years?
Net Hashrate
41.69 TH/s

6,988,773.73658020
Difficulty

Whole network operator disproportionate force and difficulty

already answered.

afong9

member

Activity: 119

Merit: 10

Quote from: raskul on May 10, 2014, 12:07:40 PM

Quote from: afong9 on May 10, 2014, 11:06:22 AM

Quote from: martinyin on May 10, 2014, 09:20:50 AM

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?

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

Wrong, there has been no premine, and no instamine of Sovereign.
please;

http://sovexplorer.seednode.us

144,000,000 / 197,000 = 730.96447 years?
Net Hashrate
41.69 TH/s

6,988,773.73658020
Difficulty

Whole network operator disproportionate force and difficulty

raskul

sr. member

Activity: 434

Merit: 250

Quote from: afong9 on May 10, 2014, 11:06:22 AM

Quote from: martinyin on May 10, 2014, 09:20:50 AM

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?

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

Wrong, there has been no premine, and no instamine of Sovereign.
please;

http://sovexplorer.seednode.us

raskul

sr. member

Activity: 434

Merit: 250

once CG is up and awake, i'll get him to look into the long rounds. It's very possible difficulty retargeting is having a serious effect on our mining.
Also, AS the question was posed PoW of 730 years would happen if stake does not kick in until the end of PoW, Stake is already happening as soon and you have any sovereign in your wallet. This (should) halve the number of coins to be mined, each year and continual halve until the 144million are mined.

so ~ 45 years PoW. This was clear and plain from the off, i've never misled anyone into believing we would see short rounds, nor a quick profit, from Mining Sovereign. If you value it so much, don't sell it for less than you think it's worth, simple.

People see big total numbers and hit the fear button, and those people are fools.

What was promised was a long coin, stable and able to provide Stake. Here you have it, So, instead of ranting and flaming a thread, if you don't like what you see in this coin, there are others you can mine, feel free. nobody has your ASIC's mining your 1SOV at gunpoint.

1SOV. all you ever need.

sovie

sr. member

Activity: 1274

Merit: 265

yes well at hardcoreminers where i was mining before pulling the plug
i see its taking them 883.63% on this lat block without being solved

so at least 7 blocks should have been mined already in that time

It does'nt take a genius to figure out that something is extremely wrong here
or its got to be the unluckiest pool in the history of launces

BBmodBB

full member

Activity: 154

Merit: 100

BTC = FREEDOM IS OUR ONLY HOPE!

Quote from: sovie on May 10, 2014, 11:16:27 AM

i wonder if this was just an exercise to entice
normal miners away from bitcoin
so some heavy hitter could go in last night and try and scoop
as many more easy coins as possible before this shambles came to light
lol

or did they port the hashrate to somewhere else? hmmmm Roll Eyes

sovie

sr. member

Activity: 1274

Merit: 265

i wonder if this was just an exercise to entice
normal miners away from bitcoin
so some heavy hitter could go in last night and try and scoop
as many more easy coins as possible before this shambles came to light
lol

afong9

member

Activity: 119

Merit: 10

Quote from: martinyin on May 10, 2014, 09:20:50 AM

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?

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

BBmodBB

full member

Activity: 154

Merit: 100

BTC = FREEDOM IS OUR ONLY HOPE!

mined this coin all night since the "launch" on 1337miners

====> result : 0.005913 unconfirmed!!! lol

...time to move on zzzz

Roll Eyes

glty

sovie

sr. member

Activity: 1274

Merit: 265

I thought the whole point to cryptocurrency
was to encourage people to use it instead of banks
but what people who have money and want to use it
will be prepared to wait untill sufficiant coins will be mined
especially with a newly launched one??

and I have to agree with the miners point of view,
there is no way in hell that this coin will have more value than bitcoin
won't even be more than litecoin, so where is the incentive for miners
to use their electricity to mine these??
Bitcoin is where it is because of people mining and using it.

With all respect to the devs for trying but no one will ever do anything for no
return on investment and i'm afraid the numbers just don't add up.

This coin will never get off the ground and will not be sustained unless you are rich
and like throwing away VALUE.

Its a real pity as i had such high hopes for a fair coin to compete with the bit
as well as giev evryone an alternative which we all really need, but i just don't see it
and i can't see the little man on the street even coming close to touching this

goodluck

martinyin

hero member

Activity: 512

Merit: 500

★YoBit.Net★ 1400+ Coins Exchange

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?

jdh015232

hero member

Activity: 756

Merit: 500

Quote from: Zackgeno96 on May 10, 2014, 08:13:19 AM

Quote from: jdh015232 on May 10, 2014, 08:02:54 AM

its because 8 minutes is WAY TOO LONG of a blocktime and any experienced dev would know thats a DEATHWISH nobody wants to wait that long for anything, especially us miners waiting 5 hours for a bloc
and im getting 12 coins a day with 2 th/s but theirs 6 billion coins total? 144million from POW... who came up with these numbers their terrible...18 hours for mined coins to confirm....
make that 7 coins a day which means the price would have to be .01btc/SOV and id still be making more money mining bitcoin LOL
2 bad ur price will be more like .000001
good luck wasting electricity

you wont even make 6 coins a day Grin

try 0.8- 0.00000

yes this coin is not gona work, no NEW COIN can work with numbers like these especially block time and difficulty readjust

jdh015232

hero member

Activity: 756

Merit: 500

ya this coins farked, difficulty readjust every 1 block, but its 8 minute blocks, means i could throw 1000th onto your network, have difficulty readjust like it is now, and then leave. theirfore leaving all the small miners now to handle this block with MASSIVE difficulty that will take HOURS!!! and this is why a few blocks will take FOREVER and this coin is a complete waste. raskul u obviously know nothing about nothing, im not even a dev and i know this shit, but this coin has ZERO chance with its current stats, talk to an experienced dev
i would say adjust the difficulty readjust but oh wait you CANT with 8 minute blocks it just doesnt matter!

Zackgeno96

hero member

Activity: 1778

Merit: 520

Quote from: jdh015232 on May 10, 2014, 08:02:54 AM

its because 8 minutes is WAY TOO LONG of a blocktime and any experienced dev would know thats a DEATHWISH nobody wants to wait that long for anything, especially us miners waiting 5 hours for a bloc
and im getting 12 coins a day with 2 th/s but theirs 6 billion coins total? 144million from POW... who came up with these numbers their terrible...18 hours for mined coins to confirm....
make that 7 coins a day which means the price would have to be .01btc/SOV and id still be making more money mining bitcoin LOL
2 bad ur price will be more like .000001
good luck wasting electricity

you wont even make 6 coins a day Grin

try 0.8- 0.00000

jdh015232

hero member

Activity: 756

Merit: 500

its because 8 minutes is WAY TOO LONG of a blocktime and any experienced dev would know thats a DEATHWISH nobody wants to wait that long for anything, especially us miners waiting 5 hours for a bloc
and im getting 12 coins a day with 2 th/s but theirs 6 billion coins total? 144million from POW... who came up with these numbers their terrible...18 hours for mined coins to confirm....
make that 7 coins a day which means the price would have to be .01btc/SOV and id still be making more money mining bitcoin LOL
2 bad ur price will be more like .000001
good luck wasting electricity

HunterS

hero member

Activity: 644

Merit: 500

been 2 hours since our pool found a block lol .isnt this just burning up the power

Topic: [ANN] SOV Sovereign SHA256 PoW/PoS No Premine LAUNCHED 10 JULY 2014 - page 6. (Read 25309 times)