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Topic: [ANN]🌱🌾GanjaCoin™Masternodes✅Scrypt✅Official Exchange✅RL🌱backed✅💫🚀🌛 - page 23. (Read 46609 times)

sr. member
Activity: 546
Merit: 254
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From 18:00 10/18 to 18:00 10/19, only 62 blocks were created. MNs come online at 5500. The coin is currently at block 4241.

That means 1259 more blocks need to be generated for MNs to become operation, which at the current rate, would be 20 more days. With the BTC fork coming up causing a lot of volatility already and the chain not moving properly on this, I think there's a lot of rough waters ahead.

I like the concept, but it seems like the price is overvalued right now since everything is completely on speculation.. and things aren't working well to begin with. I'll be a buyer of a masternode around 500 sats, which I see some trades bottoming out near. Anything higher than that seems like a huge risk at this point.

how is everything based on speculation?? Also MN are already online with smaller payments block 5500 is just the reward fix for MN.

well, its a reward increase from 20% block reward to 50% at which Point masternodes will also Play a 50% role in solving those blocks and the Network should run smoother. i hope i understood that correcly.

@alzander:
all you are saying is speculation.
this coin is RL backed by seeds, you can Register on the page and buy seeds with your mrja.
i guess the current Price of mrja are the cheapest seeds you will find anywhere in the world to order.
everywhere else the Price ranges from $5 to $25.

now take a good look at coins with mn that are older, look how much the mn is worth.
$50-500 is the cheap entry masternode that might increase value. but maybe is also dying
$500-1500 (like mrja) is Young masternode, get in or miss the Train.
$1500-6000 now we are talking. get in here for some quick roi, instead of asics i buy masternodes.
$10000-300000 you are too late, this masternode has blown up

Maybe I'm missing something. All altcoins are speculative, and I'm not trying to be argumentative or demeaning by saying that. Right now though, the stated goal is:
Quote
Our goal for Ganjacoin is to not only make it the primary Cannabis coin on the market, but to eventually open dispensaries where GanjaCoin is used as the main currency.
I just logged into the site and went to the Shopping Mall area. I see shirts, a vape pen and a VIP pass which doesn't have much explanation.. I don't see where I can buy seeds. I also don't see anywhere where MRJA is actually tied to real seeds.. is there a statement somewhere that the warehouse and harvest are automatically converted into MRJA and coin owners have some ownership in those automatically? I'm pretty sure not.

The goal is simply that the coin creator wants to use these in eventual dispensaries. That is speculative.. we're hoping that happens, but there's no guarantee and it's not happening yet.

Again, that's a noble goal and I like the idea. If all this is is another masternode coin though, and your numbers above seem like that's all you think it is, then stop the talk about RL and seeds and just say it's speculative.
 
I'd love to be corrected and please point me to statements otherwise where the coin has a real purpose right now and not hopefully at some point in the future.

I do own some coins already and still would buy more on a drop, but right now, it's too speculative for me for being (right now) a masternode only coin that's had an extremely rough start where masternodes won't even start producing for another few weeks right around when the BTC fork happens which is going to continue to cause huge volatility.

im not saying you are wrong, your concerns are very much appreciated.
i was just pointing out that your statement that this coin is overvalued is simply not true.

0.03 usd for a seed is the best deal around, i think that its backed because you wont try and get 30k seeds at once.
you maybe get 10, 100, 1000 ... while 1000 is overkill but those numbers should be available for all vips.

yes i also asked for more information on vip, the warehouse and future plans.

maybe your money can multiply elsewhere faster, you can buy mrja anytime, i just like to get in early and as long as i can afford it, stay in.

also, talking about masternode coins with a real purpose.. ams, xmcc, mrja, nrtn, dash, pivx or what is the meaning of real purpose, maybe roi is the best purpose, mtnc, vivo, btdx
sr. member
Activity: 309
Merit: 250
Too weird to live,too rare to die ;)
I see shirts, a vape pen and a VIP pass which doesn't have much explanation..

Seedshop is in the VIP area... Wink
member
Activity: 143
Merit: 10
From 18:00 10/18 to 18:00 10/19, only 62 blocks were created. MNs come online at 5500. The coin is currently at block 4241.

That means 1259 more blocks need to be generated for MNs to become operation, which at the current rate, would be 20 more days. With the BTC fork coming up causing a lot of volatility already and the chain not moving properly on this, I think there's a lot of rough waters ahead.

I like the concept, but it seems like the price is overvalued right now since everything is completely on speculation.. and things aren't working well to begin with. I'll be a buyer of a masternode around 500 sats, which I see some trades bottoming out near. Anything higher than that seems like a huge risk at this point.

how is everything based on speculation?? Also MN are already online with smaller payments block 5500 is just the reward fix for MN.

well, its a reward increase from 20% block reward to 50% at which Point masternodes will also Play a 50% role in solving those blocks and the Network should run smoother. i hope i understood that correcly.

@alzander:
all you are saying is speculation.
this coin is RL backed by seeds, you can Register on the page and buy seeds with your mrja.
i guess the current Price of mrja are the cheapest seeds you will find anywhere in the world to order.
everywhere else the Price ranges from $5 to $25.

now take a good look at coins with mn that are older, look how much the mn is worth.
$50-500 is the cheap entry masternode that might increase value. but maybe is also dying
$500-1500 (like mrja) is Young masternode, get in or miss the Train.
$1500-6000 now we are talking. get in here for some quick roi, instead of asics i buy masternodes.
$10000-300000 you are too late, this masternode has blown up

Maybe I'm missing something. All altcoins are speculative, and I'm not trying to be argumentative or demeaning by saying that. Right now though, the stated goal is:
Quote
Our goal for Ganjacoin is to not only make it the primary Cannabis coin on the market, but to eventually open dispensaries where GanjaCoin is used as the main currency.
I just logged into the site and went to the Shopping Mall area. I see shirts, a vape pen and a VIP pass which doesn't have much explanation.. I don't see where I can buy seeds. I also don't see anywhere where MRJA is actually tied to real seeds.. is there a statement somewhere that the warehouse and harvest are automatically converted into MRJA and coin owners have some ownership in those automatically? I'm pretty sure not.

The goal is simply that the coin creator wants to use these in eventual dispensaries. That is speculative.. we're hoping that happens, but there's no guarantee and it's not happening yet.

Again, that's a noble goal and I like the idea. If all this is is another masternode coin though, and your numbers above seem like that's all you think it is, then stop the talk about RL and seeds and just say it's speculative.
 
I'd love to be corrected and please point me to statements otherwise where the coin has a real purpose right now and not hopefully at some point in the future.

I do own some coins already and still would buy more on a drop, but right now, it's too speculative for me for being (right now) a masternode only coin that's had an extremely rough start where masternodes won't even start producing for another few weeks right around when the BTC fork happens which is going to continue to cause huge volatility.
sr. member
Activity: 546
Merit: 254
ʕʘ̅͜ʘ̅ʔ
From 18:00 10/18 to 18:00 10/19, only 62 blocks were created. MNs come online at 5500. The coin is currently at block 4241.

That means 1259 more blocks need to be generated for MNs to become operation, which at the current rate, would be 20 more days. With the BTC fork coming up causing a lot of volatility already and the chain not moving properly on this, I think there's a lot of rough waters ahead.

I like the concept, but it seems like the price is overvalued right now since everything is completely on speculation.. and things aren't working well to begin with. I'll be a buyer of a masternode around 500 sats, which I see some trades bottoming out near. Anything higher than that seems like a huge risk at this point.

how is everything based on speculation?? Also MN are already online with smaller payments block 5500 is just the reward fix for MN.

well, its a reward increase from 20% block reward to 50% at which Point masternodes will also Play a 50% role in solving those blocks and the Network should run smoother. i hope i understood that correcly.

@alzander:
all you are saying is speculation.
this coin is RL backed by seeds, you can Register on the page and buy seeds with your mrja.
i guess the current Price of mrja are the cheapest seeds you will find anywhere in the world to order.
everywhere else the Price ranges from $5 to $25.

now take a good look at coins with mn that are older, look how much the mn is worth.
$50-500 is the cheap entry masternode that might increase value. but maybe is also dying
$500-1500 (like mrja) is Young masternode, get in or miss the Train.
$1500-6000 now we are talking. get in here for some quick roi, instead of asics i buy masternodes.
$10000-300000 you are too late, this masternode has blown up
sr. member
Activity: 700
Merit: 304
From 18:00 10/18 to 18:00 10/19, only 62 blocks were created. MNs come online at 5500. The coin is currently at block 4241.

That means 1259 more blocks need to be generated for MNs to become operation, which at the current rate, would be 20 more days. With the BTC fork coming up causing a lot of volatility already and the chain not moving properly on this, I think there's a lot of rough waters ahead.

I like the concept, but it seems like the price is overvalued right now since everything is completely on speculation.. and things aren't working well to begin with. I'll be a buyer of a masternode around 500 sats, which I see some trades bottoming out near. Anything higher than that seems like a huge risk at this point.

how is everything based on speculation?? Also MN are already online with smaller payments block 5500 is just the reward fix for MN.
member
Activity: 143
Merit: 10
From 18:00 10/18 to 18:00 10/19, only 62 blocks were created. MNs come online at 5500. The coin is currently at block 4241.

That means 1259 more blocks need to be generated for MNs to become operation, which at the current rate, would be 20 more days. With the BTC fork coming up causing a lot of volatility already and the chain not moving properly on this, I think there's a lot of rough waters ahead.

I like the concept, but it seems like the price is overvalued right now since everything is completely on speculation.. and things aren't working well to begin with. I'll be a buyer of a masternode around 500 sats, which I see some trades bottoming out near. Anything higher than that seems like a huge risk at this point.
sr. member
Activity: 700
Merit: 304
There's not really a solution to this based on changing the retargeting. X11 is simply broken right now as an algo. Right now, retargetting happens after multiple blocks, which means when an X11 ASIC miner comes online, they get multiple blocks quickly at the low difficulty.. then the diff shoots up for the next few blocks while that miner takes off.

If the retargetting adjusted quicker, then the ASIC miner would just come in for shorter, more frequent bursts. The overall effect would be the same.

Any X11 coin over the next few months is going to have this while the AntMiner D3's and other comparable units fully roll out. After those become common, X11 will only be mineable if you have an ASIC miner. End of story.

All these ASIC miners were announced in June. The devs of the coin could have foreseen this and chosen a different algorithm. It sucks, but Ganja may not enter PoW/PoS mode (block 5500) until early/mid-November and may not actually become fully PoS until the end of the year. That's the state of affairs. If you're holding, you could do well in a few months, but you're going to have to hang on a while.
Actually re-targeting every 5 blocks with 10 min real block time makes this chain very inert. With other diff re targeting algo (which changes the diff every block) and lower block time it could deal with spikes more easily.
Also slow PoS blocks issue still persists. Those blocks should not depend on PoW diff and should run smoothly. But they stuck too.
And as i can see, 5500 block just fixes MN rewards and has nothing to do with PoS and PoW issues.



POS blocks doesnt depend on POW and you know that Bumbr since we talked about it tons of times the reason POS blocks are slow and HIGH diff are most likely from the fork of me having the premine for swap staking then within days the most coins gone from swap which is why i believe we were left with a high POS Diff
full member
Activity: 254
Merit: 101
There's not really a solution to this based on changing the retargeting. X11 is simply broken right now as an algo. Right now, retargetting happens after multiple blocks, which means when an X11 ASIC miner comes online, they get multiple blocks quickly at the low difficulty.. then the diff shoots up for the next few blocks while that miner takes off.

If the retargetting adjusted quicker, then the ASIC miner would just come in for shorter, more frequent bursts. The overall effect would be the same.

Any X11 coin over the next few months is going to have this while the AntMiner D3's and other comparable units fully roll out. After those become common, X11 will only be mineable if you have an ASIC miner. End of story.

All these ASIC miners were announced in June. The devs of the coin could have foreseen this and chosen a different algorithm. It sucks, but Ganja may not enter PoW/PoS mode (block 5500) until early/mid-November and may not actually become fully PoS until the end of the year. That's the state of affairs. If you're holding, you could do well in a few months, but you're going to have to hang on a while.
Actually re-targeting every 5 blocks with 10 min real block time makes this chain very inert. With other diff re targeting algo (which changes the diff every block) and lower block time it could deal with spikes more easily.
Also slow PoS blocks issue still persists. Those blocks should not depend on PoW diff and should run smoothly. But they stuck too.
And as i can see, 5500 block just fixes MN rewards and has nothing to do with PoS and PoW issues.
sr. member
Activity: 546
Merit: 254
ʕʘ̅͜ʘ̅ʔ
There's not really a solution to this based on changing the retargeting. X11 is simply broken right now as an algo. Right now, retargetting happens after multiple blocks, which means when an X11 ASIC miner comes online, they get multiple blocks quickly at the low difficulty.. then the diff shoots up for the next few blocks while that miner takes off.

If the retargetting adjusted quicker, then the ASIC miner would just come in for shorter, more frequent bursts. The overall effect would be the same.

Any X11 coin over the next few months is going to have this while the AntMiner D3's and other comparable units fully roll out. After those become common, X11 will only be mineable if you have an ASIC miner. End of story.

All these ASIC miners were announced in June. The devs of the coin could have foreseen this and chosen a different algorithm. It sucks, but Ganja may not enter PoW/PoS mode (block 5500) until early/mid-November and may not actually become fully PoS until the end of the year. That's the state of affairs. If you're holding, you could do well in a few months, but you're going to have to hang on a while.

still this coin is way under value, i suggest to grab as many as you can. ganjaman and his team are very dedicated.
the wallet has some unique features and we actualy have real life value. not everybody needs seeds, but you cant deny its value.
since people tend to look at roi first this coin will be under value for a while i guess. but also a big marketing campain will increase the demand.
sr. member
Activity: 700
Merit: 304
There's not really a solution to this based on changing the retargeting. X11 is simply broken right now as an algo. Right now, retargetting happens after multiple blocks, which means when an X11 ASIC miner comes online, they get multiple blocks quickly at the low difficulty.. then the diff shoots up for the next few blocks while that miner takes off.

If the retargetting adjusted quicker, then the ASIC miner would just come in for shorter, more frequent bursts. The overall effect would be the same.

Any X11 coin over the next few months is going to have this while the AntMiner D3's and other comparable units fully roll out. After those become common, X11 will only be mineable if you have an ASIC miner. End of story.

All these ASIC miners were announced in June. The devs of the coin could have foreseen this and chosen a different algorithm. It sucks, but Ganja may not enter PoW/PoS mode (block 5500) until early/mid-November and may not actually become fully PoS until the end of the year. That's the state of affairs. If you're holding, you could do well in a few months, but you're going to have to hang on a while.

ganja has already enter pow and pos it does get slow due to what you just said but blocks move for pos and pow and users are seeing some return... its just not as fast as some would like block 5500 is just for MN not POW or POS
member
Activity: 143
Merit: 10
There's not really a solution to this based on changing the retargeting. X11 is simply broken right now as an algo. Right now, retargetting happens after multiple blocks, which means when an X11 ASIC miner comes online, they get multiple blocks quickly at the low difficulty.. then the diff shoots up for the next few blocks while that miner takes off.

If the retargetting adjusted quicker, then the ASIC miner would just come in for shorter, more frequent bursts. The overall effect would be the same.

Any X11 coin over the next few months is going to have this while the AntMiner D3's and other comparable units fully roll out. After those become common, X11 will only be mineable if you have an ASIC miner. End of story.

All these ASIC miners were announced in June. The devs of the coin could have foreseen this and chosen a different algorithm. It sucks, but Ganja may not enter PoW/PoS mode (block 5500) until early/mid-November and may not actually become fully PoS until the end of the year. That's the state of affairs. If you're holding, you could do well in a few months, but you're going to have to hang on a while.
sr. member
Activity: 700
Merit: 304
Hello,

I found out for this coin few days ago. I would like to know how many developers are working on this coin?
And is there any roadmap or plan, except having master nodes?

Thank you.

mainly me and i have a few other devs i go to if i need help.. we do have a roadmap posted on twitter and have mention plans on this thread
sr. member
Activity: 700
Merit: 304
Yeah, I already noticed that. Same 'issue' more coins are having.
There should be a net hash speed where the diff will stay too high for that miner and it won't mine. But how do we find out? I'm willing to invest in hash power if it's reachable.
It depends on the market price. If someone buy at high decent amount of coins, he starts mining immediately. There is no good solution from miners. Only dev can do something. Finally, explain, how to kick PoS blocks.

i am working on a solution to geot things going
full member
Activity: 254
Merit: 101
Yeah, I already noticed that. Same 'issue' more coins are having.
There should be a net hash speed where the diff will stay too high for that miner and it won't mine. But how do we find out? I'm willing to invest in hash power if it's reachable.
It depends on the market price. If someone buy at high decent amount of coins, he starts mining immediately. There is no good solution from miners. Only dev can do something. Finally, explain, how to kick PoS blocks.
full member
Activity: 180
Merit: 100
newbie
Activity: 19
Merit: 0
How much Gh do I need to add to get the blocks running again? I just added 17Gh, but not sure if that's enough.
Few hours required. But every time you find couple of blocks and diff drops, miner with the wallet iJuwXxfs3wVTa4Dvnf6b1jRhQbYQknYfqT , described above,  starting mining, rises the diff and leaves. You can look at blocks 4104+ Diff adjustment algo isn't perfect.

Yeah, I already noticed that. Same 'issue' more coins are having.
There should be a net hash speed where the diff will stay too high for that miner and it won't mine. But how do we find out? I'm willing to invest in hash power if it's reachable.

Better to take the approach other actively managed coins have done, and change the number of blocks that the difficulty will change after, so that when a high nethash is thrown at the coin the difficulty changes relatively quickly to discourage this miner, and then drops relatively quickly again to allow 'normal' mining without too much of a hill to climb.

Edit: Look up "Kimoto’s Gravity Well" and also see what some other coins have been doing to combat this issue, most recently Vivo.

True, I've seen this change with VIVO too.
From what I see in the current code is that it's using 'Terminal-Velocity-RateX'. I see it's version "v10-Beta-R4" and in the Aspers code I can find "v10-Beta-R7". I haven't checked the differences, but it seems that there are improvements possible. Is there a dev who can pick this up?
full member
Activity: 345
Merit: 100
How much Gh do I need to add to get the blocks running again? I just added 17Gh, but not sure if that's enough.
Few hours required. But every time you find couple of blocks and diff drops, miner with the wallet iJuwXxfs3wVTa4Dvnf6b1jRhQbYQknYfqT , described above,  starting mining, rises the diff and leaves. You can look at blocks 4104+ Diff adjustment algo isn't perfect.

Yeah, I already noticed that. Same 'issue' more coins are having.
There should be a net hash speed where the diff will stay too high for that miner and it won't mine. But how do we find out? I'm willing to invest in hash power if it's reachable.

Better to take the approach other actively managed coins have done, and change the number of blocks that the difficulty will change after, so that when a high nethash is thrown at the coin the difficulty changes relatively quickly to discourage this miner, and then drops relatively quickly again to allow 'normal' mining without too much of a hill to climb.

Edit: Look up "Kimoto’s Gravity Well" and also see what some other coins have been doing to combat this issue, most recently Vivo.
newbie
Activity: 19
Merit: 0
How much Gh do I need to add to get the blocks running again? I just added 17Gh, but not sure if that's enough.
Few hours required. But every time you find couple of blocks and diff drops, miner with the wallet iJuwXxfs3wVTa4Dvnf6b1jRhQbYQknYfqT , described above,  starting mining, rises the diff and leaves. You can look at blocks 4104+ Diff adjustment algo isn't perfect.

Yeah, I already noticed that. Same 'issue' more coins are having.
There should be a net hash speed where the diff will stay too high for that miner and it won't mine. But how do we find out? I'm willing to invest in hash power if it's reachable.
full member
Activity: 271
Merit: 101
Hello,

I found out for this coin few days ago. I would like to know how many developers are working on this coin?
And is there any roadmap or plan, except having master nodes?

Thank you.
full member
Activity: 254
Merit: 101
Make sure to keep your coins staking! This is important to keeping the block chain moving faster.
I think it will be good if wallets from the rich list started staking too.
How much Gh do I need to add to get the blocks running again? I just added 17Gh, but not sure if that's enough.
Few hours required. But every time you find couple of blocks and diff drops, miner with the wallet iJuwXxfs3wVTa4Dvnf6b1jRhQbYQknYfqT , described above,  starting mining, rises the diff and leaves. You can look at blocks 4104+ Diff adjustment algo isn't perfect.
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