[ANN] [START] StartCOIN 2.0 - The digital currency for crowdfunding - page 182.

Xiro

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Quote from: Ducky1 on May 20, 2015, 02:15:36 PM

Quote from: johnp on May 20, 2015, 12:52:36 PM

I have a question for someone who understands these things better than me. There are several exchanges trading Startcoin, the main one being Bittrex but there is also Justcoin. Now this exchange doesnt seem to have the same structure as others in that it sells Startcoin above the price of Bittrex and they are grouped in chucks of 12000 coins. I have been watching the trading on Justcoin and quite often trades are for in excess of 100,000 coins a day.

The funny thing about it is that you rarely see any one sell any coins to the exchange and if they do they are in small quantities. So my question is where do they get there stock from they must have sold > 500,00 in the last week?

A lot of it may be from the coins on the debit cards. There where 150 backers, and each card got 25000 start. That's 3,75 million coins. If somebody refills their card with startcoin I guess it will also be sold the same way. They obviously don't want to depress the startcoin price, so it's always higher than the Bittrex price. It's for those who want to buy a lot of start without affecting the price much.

I was one of those 150, and no-one received 25000 START. We all received a debit card topped up with 250 USD.

EDIT. I did buy 10500 START with the 250 USD, not sure what the others did with their money

limbaugh

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Quote from: Ducky1 on May 20, 2015, 02:33:19 PM

Quote from: limbaugh on May 20, 2015, 08:01:15 AM

Quote from: Ducky1 on May 19, 2015, 04:21:58 PM

I wonder when the halving will be since the time between blocks have been significantly higher than 60 secs for most of last year. If you look at the graph at the bottom here: http://www.blocktree.io/charts/START and expand to all time it says average 83.609 secs. That means that the time to reach the halving block will be much longer than one year (if it's a particular block).

I briefly looked at the code and found the GetBlockValue() function with the comment "cut in half every 525600 blocks"

If this is in fact the case, we have a while before the mining reward halves.

Ok, quick calculation:

Current block is 317920 - so there is 207680 blocks to go before halving.
Average block time for the last 30 days is approx 63.5 secs. So that's 13187680 secs until halving - or 152,6 days - which gives the halving date as October 20, 2015.

Well as a miner, I have to say that is fantastic news.

Jamil.Kamil

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Interesting concept of Crow funding for digital currency. Its expected not very far in the future that all transection to will be lead whole world by virtual currencies so which one will provide better services, wallet reword systems, those one will gain the leadership. Start coin promoting interesting system reword which can rise it up on the top...

Ducky1

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Quote from: johnp on May 20, 2015, 02:38:19 PM

Specifications

60 second target block time
40 START block reward
Block reward halving every 12 months
A total of 84 million coins
The X11 Proof of Work algorithm
Difficulty re-targeting using the multipool-resistant DigiShield

Yeah, it would halve every 12 months if block time was exactly 60 seconds. 525600 blocks * 60 secs =31515600 secs = 364,76 days. But is has been higher than 60 secs, mostly in 2014 according to the graph at the bottom here: http://www.blocktree.io/charts/START

johnp

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Activity: 575

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Specifications

60 second target block time
40 START block reward
Block reward halving every 12 months
A total of 84 million coins
The X11 Proof of Work algorithm
Difficulty re-targeting using the multipool-resistant DigiShield

Ducky1

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Quote from: limbaugh on May 20, 2015, 08:01:15 AM

Quote from: Ducky1 on May 19, 2015, 04:21:58 PM

I wonder when the halving will be since the time between blocks have been significantly higher than 60 secs for most of last year. If you look at the graph at the bottom here: http://www.blocktree.io/charts/START and expand to all time it says average 83.609 secs. That means that the time to reach the halving block will be much longer than one year (if it's a particular block).

I briefly looked at the code and found the GetBlockValue() function with the comment "cut in half every 525600 blocks"

If this is in fact the case, we have a while before the mining reward halves.

Ok, quick calculation:

Current block is 317920 - so there is 207680 blocks to go before halving.
Average block time for the last 30 days is approx 63.5 secs. So that's 13187680 secs until halving - or 152,6 days - which gives the halving date as October 20, 2015.

https://www.wolframalpha.com/input/?i=now+%2B+63.5*%28525500-317920%29+seconds

johnp

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Activity: 575

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Quote from: Ducky1 on May 20, 2015, 02:15:36 PM

Quote from: johnp on May 20, 2015, 12:52:36 PM

I have a question for someone who understands these things better than me. There are several exchanges trading Startcoin, the main one being Bittrex but there is also Justcoin. Now this exchange doesnt seem to have the same structure as others in that it sells Startcoin above the price of Bittrex and they are grouped in chucks of 12000 coins. I have been watching the trading on Justcoin and quite often trades are for in excess of 100,000 coins a day.

The funny thing about it is that you rarely see any one sell any coins to the exchange and if they do they are in small quantities. So my question is where do they get there stock from they must have sold > 500,00 in the last week?

A lot of it may be from the coins on the debit cards. There where 150 backers, and each card got 25000 start. That's 3,75 million coins. If somebody refills their card with startcoin I guess it will also be sold the same way. They obviously don't want to depress the startcoin price, so it's always higher than the Bittrex price. It's for those who want to buy a lot of start without affecting the price much.

Now that does make sense as there is only about 57,000 mined everyday, another strange thing about Justcoin is that if you buy all the 12000 at a fixed price and then wait a minute another 12000 appears at the same price so you dont have to buy the next 12000 at a higher price, i have done this several times.

Ducky1

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Quote from: johnp on May 20, 2015, 12:52:36 PM

I have a question for someone who understands these things better than me. There are several exchanges trading Startcoin, the main one being Bittrex but there is also Justcoin. Now this exchange doesnt seem to have the same structure as others in that it sells Startcoin above the price of Bittrex and they are grouped in chucks of 12000 coins. I have been watching the trading on Justcoin and quite often trades are for in excess of 100,000 coins a day.

The funny thing about it is that you rarely see any one sell any coins to the exchange and if they do they are in small quantities. So my question is where do they get there stock from they must have sold > 500,00 in the last week?

A lot of it may be from the coins on the debit cards. There where 150 backers, and each card got 25000 start. That's 3,75 million coins. If somebody refills their card with startcoin I guess it will also be sold the same way. They obviously don't want to depress the startcoin price, so it's always higher than the Bittrex price. It's for those who want to buy a lot of start without affecting the price much.

thevictimofuktyranny

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Quote from: johnp on May 20, 2015, 12:52:36 PM

I have a question for someone who understands these things better than me. There are several exchanges trading Startcoin, the main one being Bittrex but there is also Justcoin. Now this exchange doesnt seem to have the same structure as others in that it sells Startcoin above the price of Bittrex and they are grouped in chucks of 12000 coins. I have been watching the trading on Justcoin and quite often trades are for in excess of 100,000 coins a day.

The funny thing about it is that you rarely see any one sell any coins to the exchange and if they do they are in small quantities. So my question is where do they get there stock from they must have sold > 500,00 in the last week?

Bittrex and Cryptsy is were the large community of miners, who earn more START coins each day by doing hashing for the blockchain, they sell some of their coins to investor or traders.

These trades come in bits and pieces, because the number of gpus owned by miners does vary a lot.

johnp

hero member

Activity: 575

Merit: 500

I have a question for someone who understands these things better than me. There are several exchanges trading Startcoin, the main one being Bittrex but there is also Justcoin. Now this exchange doesnt seem to have the same structure as others in that it sells Startcoin above the price of Bittrex and they are grouped in chucks of 12000 coins. I have been watching the trading on Justcoin and quite often trades are for in excess of 100,000 coins a day.

The funny thing about it is that you rarely see any one sell any coins to the exchange and if they do they are in small quantities. So my question is where do they get there stock from they must have sold > 500,00 in the last week?

mind808crime

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trolls have come and gone, startcoin remains. difficult to fight a coin that does real world good instead of merely feeding itself.

limbaugh

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Quote from: Ducky1 on May 19, 2015, 04:21:58 PM

I wonder when the halving will be since the time between blocks have been significantly higher than 60 secs for most of last year. If you look at the graph at the bottom here: http://www.blocktree.io/charts/START and expand to all time it says average 83.609 secs. That means that the time to reach the halving block will be much longer than one year (if it's a particular block).

I briefly looked at the code and found the GetBlockValue() function with the comment "cut in half every 525600 blocks"

If this is in fact the case, we have a while before the mining reward halves.

Ducky1

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Activity: 966

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Train is leaving Cheesy

johnp

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Quote from: Ducky1 on May 19, 2015, 04:21:58 PM

Quote from: johnp on May 19, 2015, 04:04:34 PM

Nice Steady 25% rise today and more to come I think with block halving not far away

Yes, nice to see some rise.

(Hopefully not a pump-dump again)

I wonder when the halving will be since the time between blocks have been significantly higher than 60 secs for most of last year. If you look at the graph at the bottom here: http://www.blocktree.io/charts/START and expand to all time it says average 83.609 secs. That means that the time to reach the halving block will be much longer than one year (if it's a particular block).

Dont know how it works, dont think it is a pump too steady, back over $1m market cap now

Ducky1

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Quote from: johnp on May 19, 2015, 04:04:34 PM

Nice Steady 25% rise today and more to come I think with block halving not far away

Yes, nice to see some rise.

(Hopefully not a pump-dump again)

I wonder when the halving will be since the time between blocks have been significantly higher than 60 secs for most of last year. If you look at the graph at the bottom here: http://www.blocktree.io/charts/START and expand to all time it says average 83.609 secs. That means that the time to reach the halving block will be much longer than one year (if it's a particular block).

johnp

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Nice Steady 25% rise today and more to come I think with block halving not far away

Ducky1

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Activity: 966

Merit: 500

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Quote from: Alpenglow on May 19, 2015, 03:20:17 PM

I am curious if anyone has tried using a Startcoin paperwallet? I often like to store some of my coins this way and I am a little confused about how to do this for Startcoin. It is easy enough to go to StartAddress.org and get some addresses and corresponding private keys but it is very unclear to me how I would take those out of cold storage in the future. I have a StartCOINv2.0 wallet on my pc and I have clicked everywhere in the program but don't see any tab or mention of Import private key. I see a export private key tab and that is all. Anyone have a clue how to import private key?

Also I noticed that when you generate a single wallet, or wallets on the paper wallet tab at startaddress.org you get 52 character private keys that begin with an "e". I thought I read somewhere that private keys should start with a 9 and have 51 characters.
when you generate a bulk wallet you get private keys with 51 characters and that start with a "9".

Thanks in advance for any insight on this. I suspect I am not the only one who would like to know more about this process

It should be similar as for Bitcoin.

Run Startcoin wallet
Select Help (to the right of Settings)
Select Debug Window
Select Console
If you encrypted your wallet, unlock it by entering walletpassphrase "YourLongPassphrase" 600 next to the > input box
Next to the > input box type importprivkey

(copied from here http://bitcoin.stackexchange.com/questions/5941/how-do-i-import-a-private-key-into-bitcoin-qt)

Alpenglow

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I am curious if anyone has tried using a Startcoin paperwallet? I often like to store some of my coins this way and I am a little confused about how to do this for Startcoin. It is easy enough to go to StartAddress.org and get some addresses and corresponding private keys but it is very unclear to me how I would take those out of cold storage in the future. I have a StartCOINv2.0 wallet on my pc and I have clicked everywhere in the program but don't see any tab or mention of Import private key. I see a export private key tab and that is all. Anyone have a clue how to import private key?

Also I noticed that when you generate a single wallet, or wallets on the paper wallet tab at startaddress.org you get 52 character private keys that begin with an "e". I thought I read somewhere that private keys should start with a 9 and have 51 characters.
when you generate a bulk wallet you get private keys with 51 characters and that start with a "9".

Thanks in advance for any insight on this. I suspect I am not the only one who would like to know more about this process

Ducky1

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Activity: 966

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Quote from: johnp on May 19, 2015, 12:48:42 PM

Quote from: skish85 on May 19, 2015, 06:09:59 AM

Hi all! dont sent your Startcoin to coins-e.com , lost your coins 100 %. Warning . Good luck all

Please explain your reasons

coins-e is not listed as a valid exchange, maybe they run the old obsolete V 1.0 of startcoin?

johnp

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Quote from: skish85 on May 19, 2015, 06:09:59 AM

Hi all! dont sent your Startcoin to coins-e.com , lost your coins 100 %. Warning . Good luck all

Please explain your reasons

Topic: [ANN] [START] StartCOIN 2.0 - The digital currency for crowdfunding - page 182. (Read 539034 times)