[ANN] (WC) | WhiteCoin | BIG NEWS: Foundation, investors & more ☯ whitecoin.info - page 492.

virtualfaqs

hero member

Activity: 700

Merit: 500

Quote from: cindereynolds on April 22, 2014, 01:01:16 AM

Quote from: blackvoice on April 22, 2014, 12:38:38 AM

What it the relationship between WC and BC

Does WC copy from BC

No, WC is not copy or a clone of blackcoin.

White Coin :
Scrypt
Total Coins: 300,000,000
Block Reward: 30000
Total Blocks: 10000
POS After Block: 10000
Premine 0.78% for Dev support, and future development.

Block Time: 1.5 Minutes
Difficulty Retarget: every block
Confirmations on Transactions: 7
Confirmations on Mined Blocks: 350
Fees: Minimum transaction fee of 0.00005 WC
Stake Interest: 2% annually

Black Coin :
Scrypt
Total Coins: 74,000,000
Block Reward: 10000
Total Blocks: 10000
NO PREMINE (but badly distributed)

Block Time: 1 Minute
Difficulty Retarget: every block
Confirmations on Transactions: 10
Confirmations on Mined Blocks: 500
Fees: Minimum transaction fee of 0.00005 BC
Stake Interest: 1% annually

You forgot to mention you can't have both wallets open simultaneously.

coine_smithe

sr. member

Activity: 322

Merit: 250

Quote from: sunquick1 on April 21, 2014, 11:43:08 PM

Quote from: nate@exist on April 21, 2014, 06:42:51 PM

Noob to the forum here (well, I've been reading it on and off for quite a while now - so not a total noob I guess). Thought I'd share my design ideas for whitecoin - I'm a graphic designer by trade so thought I'd chip in - anything to help make the coin a success! Let me know your thoughts or if you'd like to see any amends.

Cheers
Nate

best imo

Please change the logo to this now. This is MUCH better. As good as Blackcoin's IMO and really captures the "White" theme.

DssTech

newbie

Activity: 42

Merit: 0

HASHING.AT

Proudly Presents

WhiteCoin

PPLNS - STRATUM - VARDIFF

WC.Hashing.AT

http://i62.tinypic.com/212797a.png

2014 @ HASHING.AT

Our Pool Sites are managed by DataCenter Admins.

Only Couple days left come Join US. Enjoy all the New Coins and Security we have deployed.

We ONLY Host Coins are Members ask us to.

cindereynolds

full member

Activity: 238

Merit: 100

Quote from: blackvoice on April 22, 2014, 12:38:38 AM

What it the relationship between WC and BC

Does WC copy from BC

No, WC is not copy or a clone of blackcoin.

White Coin :
Scrypt
Total Coins: 300,000,000
Block Reward: 30000
Total Blocks: 10000
POS After Block: 10000
Premine 0.78% for Dev support, and future development.

Block Time: 1.5 Minutes
Difficulty Retarget: every block
Confirmations on Transactions: 7
Confirmations on Mined Blocks: 350
Fees: Minimum transaction fee of 0.00005 WC
Stake Interest: 2% annually

Black Coin :
Scrypt
Total Coins: 74,000,000
Block Reward: 10000
Total Blocks: 10000
NO PREMINE (but badly distributed)

Block Time: 1 Minute
Difficulty Retarget: every block
Confirmations on Transactions: 10
Confirmations on Mined Blocks: 500
Fees: Minimum transaction fee of 0.00005 BC
Stake Interest: 1% annually

yanlei2002

full member

Activity: 183

Merit: 100

The All-in-One Cryptocurrency Exchange

You only have to do a very few things right in your life so long as you don't do too many things wrong.
------Warren Buffett

heartastack

hero member

Activity: 714

Merit: 500

The whole alt market is terrible this week. Only karma coin has doubled my profits lol

roastbeef

full member

Activity: 196

Merit: 100

Our ChunkyPort is now mining WhiteCoin! Once PoW stage is over, we will continue paying out in WC, in the same fashion as blackcoinpool, so go ahead and claim your spot with us.

ChunkyPort: us-east.chunkypools.com:6666
europe.chunkypools.com:6666

Whitecoin direct port: us-east.chunkypools.com:3337
europe.chunkypools.com:3337

new feature: view all coin balances on a single page

Why mine at Chunky?

ChunkyPort: mine the hottest coins without changing ports
1% prop payout
We have SSL for users' password security
We have a slick MPOS custom layout
We have a decent-sized, noob-friendly, super-helpful community in #chunky on freenode
We eat our own dogfood! We are miners!

home: https://chunkypools.com/
wc home: http://whitecoinpool.com/

insanid

full member

Activity: 322

Merit: 100

Quote from: cleanbaldy on April 22, 2014, 12:34:14 AM

Quote from: insanid on April 22, 2014, 12:31:09 AM

looks like there's a temporary pause in the selling of WC. sellers getting tired of clicking the sell button repetitively throughout the day Tongue

Not enough buyers to combat the multipool bots, so why try alone? Everyone is holding their coins. I love it.

It's only low from non-human influence. But, nobody is budging.

Stability. Love it.

Well, it's a much needed resting period from all that selling. Queue the spectators calling floor even though they have absolutely no idea where the floor will be. I sure hope waffle ends up allowing a 50/50 payout system in the near future. It will surely help alleviate the problems with their current system of excessive and frequent dumping of alts.

blackvoice

newbie

Activity: 56

Merit: 0

What it the relationship between WC and BC

Does WC copy from BC

cindereynolds

full member

Activity: 238

Merit: 100

Quote from: Stratobitz on April 22, 2014, 12:25:15 AM

Quote from: heartastack on April 22, 2014, 12:22:59 AM

Quote from: betotrader on April 22, 2014, 12:17:37 AM

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

Right now a million coins are mined per hour until the total coins are found. That's PoW or distribution phase. When it stops no new coins are created. So the only way to get coins will be to buy them. The selling will not come from miners who need to dump the market go convert to bitcoin to pay their power consumption and take profits of their own.

Except that the majority of coins mined are auto dumped immediately by the large pools. They make up for the majority of coins sold during the mining phase.

Large pools dumping is letting more people buy in cheaply though. They might still be dumping a week after pow ends though. I know a lot of people think that after pow phase ends the price will skyrocket. It will take a few weeks at least for the effects to be seen.

So many people in here are too anxious. Those are the weak hands, they'll sell too cheap because they always do. It's that born to lose mentality.

cleanbaldy

newbie

Activity: 42

Merit: 0

Quote from: insanid on April 22, 2014, 12:31:09 AM

looks like there's a temporary pause in the selling of WC. sellers getting tired of clicking the sell button repetitively throughout the day Tongue

Not enough buyers to combat the multipool bots, so why try alone? Everyone is holding their coins. I love it.

It's only low from non-human influence. But, nobody is budging.

Stability. Love it.

chunkypools

full member

Activity: 140

Merit: 100

If you're looking for consistent returns on whitecoin from a reliable pool, give chunkypools.com/wc a try. The moment mining on whitecoin ends, our whitecoin pool will become a profit switching multipool that pays out in whitecoin. We're the first winners of whitecoinpool.com!

We're proud to offer:

A very supportive and fun loving community
A custom user interface
A multicoin wallet and multiport
Our own trading group (mining with us grants you membership!

We'll be issuing a detailed statement on how our whitecoin multipool fund will be managed well before the mining phase ends.

insanid

full member

Activity: 322

Merit: 100

looks like there's a temporary pause in the selling of WC. sellers getting tired of clicking the sell button repetitively throughout the day Tongue

cointradero

full member

Activity: 224

Merit: 100

Quote from: betotrader on April 22, 2014, 12:17:37 AM

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

Currently, the coin is mineable for 2.5 more days. Right now, at least 50% of the hashpower is being provided by multipools that immediately sell the coin on an exchange and exchange it for BTC or BC or whatever they pay out their members in. So currently, there is a major selling pressure from these pools. When mining ends, there will be a multipool option that does the same thing but pays out in whitecoin. Thus, all the other coins they mine will be sold on exchanges and whitecoin will be purchased. As there are no more coins being dumped by other multipools onto the exchange, the only coins available will be ones people are willing to sell from their own stash.

As long as the Multipool is large enough, the buying support typically will drive the price of the coin up, in theory. If more people decide to dump it then the mining pool can buy in a given day (or other people interested in owning it), then the price will go down. But in either case, there is no new coins being created, thus no mining profit sell pressure.

Stratobitz

legendary

Activity: 1022

Merit: 1010

Quote from: heartastack on April 22, 2014, 12:22:59 AM

Quote from: betotrader on April 22, 2014, 12:17:37 AM

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

Right now a million coins are mined per hour until the total coins are found. That's PoW or distribution phase. When it stops no new coins are created. So the only way to get coins will be to buy them. The selling will not come from miners who need to dump the market go convert to bitcoin to pay their power consumption and take profits of their own.

Except that the majority of coins mined are auto dumped immediately by the large pools. They make up for the majority of coins sold during the mining phase.

heartastack

hero member

Activity: 714

Merit: 500

Quote from: betotrader on April 22, 2014, 12:17:37 AM

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

Right now a million coins are mined per hour until the total coins are found. That's PoW or distribution phase. When it stops no new coins are created. So the only way to get coins will be to buy them. The selling will not come from miners who need to dump the market go convert to bitcoin to pay their power consumption and take profits of their own.

betotrader

newbie

Activity: 1

Merit: 0

Absolute newbie here, I don't even own a single BTC.

That being said I'm really trying to learn about crytocurrencies, trading, etc. Somebody just asked what's the direct effect that the end of mining would have on the coin. I'm also interested in knowing the experts answer to that. Thanks in advance.

dr.octopus

newbie

Activity: 47

Merit: 0

Quote from: buzz2708 on April 21, 2014, 11:50:41 PM

Quote from: dr.octopus on April 21, 2014, 11:45:54 PM

are we seeing 700 as the floor? am waiting to go deeper

Hope for < 600 sat. =)

hope if it goes that way.. and i am buying more

ninjenten

newbie

Activity: 34

Merit: 0

is this like the auroracoin trend?

heartastack

hero member

Activity: 714

Merit: 500

Ohh lord... The amount of people saying they have a good feeling about being all in and then asking when mining ends. It's a million coins an hour until then how can people admit their blindness they are buying one of the biggest and longest continuous dumps ever seen.

That said, screaming buy when it's over (weds/thurs)

Topic: [ANN] (WC) | WhiteCoin | BIG NEWS: Foundation, investors & more ☯ whitecoin.info - page 492. (Read 759219 times)