[ANN][HASH][POS] CLEVERHASH COIN [SATOSHIS CLOUD MINING] X11 X13 X15 ASIC MINER - page 12.

AllCryptoAllDay

full member

Activity: 238

Merit: 100

Quote from: Cleverhash on November 26, 2014, 08:48:46 PM

Quote from: notlogic on November 26, 2014, 06:33:44 PM

@Cleverhash

PoW/PoS?

A 51% attack is always a theoretical possibility for proof-of-work coins like Bitcoin. We have never seen it happen to any coin during our history in this industry. We have witnessed pools with over 51% of the network on many occasions without harm. We will not go into detail on how it can potentially be achieved but for our coin specifically we have in place a hybrid pow/pos network with multiple distributed nodes. POS coins could potentially be used just like computational strength but it is unlikely. chash rewards are based on transaction fees which do not cover the cost of electricity and are designed just for donator/supported nodes in combination with proof-of-stake. We feel the best solution for network security resides in hybrid pow/pos setups. The cleverhash code is not a reward driven network in terms of securing the network. There are multiple resources on the internet that you can review in depth. After we deliver on our promises for chash, we can explore forking into a reward based option, but will only do so if it is in the best interest of the hash community/investors. Send me a pm if you have any further questions. Thanks for your support.

Well said

Cleverhash

member

Activity: 119

Merit: 10

Quote from: notlogic on November 26, 2014, 06:33:44 PM

@Cleverhash

PoW/PoS?

A 51% attack is always a theoretical possibility for proof-of-work coins like Bitcoin. We have never seen it happen to any coin during our history in this industry. We have witnessed pools with over 51% of the network on many occasions without harm. We will not go into detail on how it can potentially be achieved but for our coin specifically we have in place a hybrid pow/pos network with multiple distributed nodes. POS coins could potentially be used just like computational strength but it is unlikely. chash rewards are based on transaction fees which do not cover the cost of electricity and are designed just for donator/supported nodes in combination with proof-of-stake. We feel the best solution for network security resides in hybrid pow/pos setups. The cleverhash code is not a reward driven network in terms of securing the network. There are multiple resources on the internet that you can review in depth. After we deliver on our promises for chash, we can explore forking into a reward based option, but will only do so if it is in the best interest of the hash community/investors. Send me a pm if you have any further questions. Thanks for your support.

notlogic

newbie

Activity: 52

Merit: 0

@Cleverhash

In your shared PoW/PoS system with 0 block rewards and 0% stake reward, what measures are in place to ensure there's incentive for users to support the blockchain with sufficient power to withstand a concerted 51% attack?

It may be that the answer to this is obvious and I just don't understand PoW/PoS well enough. However, this question has been asked before and never answered.

Cleverhash

member

Activity: 119

Merit: 10

New Windows Wallet Download

New Linux Wallet Download

New Mac Wallet Download

Web site and Op also updated.

daveolake

sr. member

Activity: 415

Merit: 250

what is the eta of the richlist, and the online purtichase site? Thanks

daveolake

sr. member

Activity: 415

Merit: 250

I imagine the promotional benifets will have to be revamped in white paper otherwise there will be alot of people getting a signiture miner.

jdebunt

legendary

Activity: 1596

Merit: 1010

Time for a new update article, read all about it here!

megaman84

jr. member

Activity: 59

Merit: 10

Quote from: AbiusGMIU on November 26, 2014, 11:15:12 AM

No matter the price, It's not the coin. It's the kiddie traders. Don't dump.

I agree 100%. Whoever sells below buy price is and idiot with no patience. Price will go up, after first development steps are done. Seller who dump below 0,50USD will regret later. I don't care.

jadra

newbie

Activity: 32

Merit: 0

@CleverHash - So, any more information regarding the 1%/5%/10%/etc holders? Is there still a free signature miner for those who hold 1%?

IBGigglin

legendary

Activity: 910

Merit: 1006

BCH Advocate.

Personally I didnt invest in ICO but it is surprising to me the lack of buy support on day one. Good luck with project.

ovichef

newbie

Activity: 18

Merit: 0

so i feel disapointed about market price and volume Sad

notlogic

newbie

Activity: 52

Merit: 0

The way I look at it is that sure, I invested in the ICO, so I want the price to go up.

However, the price going down means I can get more shares for less than $0.50. Now it's around $0.33 per share, so buying shares now essentially means I'm getting ASIC mining hardware at 1/3 of the actual price.

It's a win-win.

tw0rak

hero member

Activity: 600

Merit: 501

Quote from: AbiusGMIU on November 26, 2014, 11:15:12 AM

No matter the price, It's not the coin. It's the kiddie traders. Don't dump.

Better dump now than never, we all know this ICO coins...
In a few hours the price is going to be 10 times lower...

AbiusGMIU

full member

Activity: 192

Merit: 100

No matter the price, It's not the coin. It's the kiddie traders. Don't dump.

setengahgila

newbie

Activity: 40

Merit: 0

everybody still hold CHASH??
I hold on my wallet, but market is very danger..

tw0rak

hero member

Activity: 600

Merit: 501

Quote from: ?? on ??

Cleverhash update:

Thanks for everyone's patience, the new coin build went smooth and the mandatory wallet updates (download links) are posted. Please update if you haven't already done so.

We hope you enjoy the wallet, we spent over 6 weeks making improvements to the wallet including the UI for your viewing pleasure. At Cleverhash, attention to detail is one of our areas of focus. You will notice an exchange API built into the wallet so you can check your Hash balance & its Bitcoin equivalent. We will include all major exchanges as they come online. This will allow you to easily check balances in one convenient location.

We have many new innovative features planned for the wallet, you will love it!

Remember, HASH is valuable! resit fud and know your well taken care of with Cleverhash.

The mac wallet will be available in the morning as well as custom block-explorers with Rich-lists. We will include 3rd part block-explorers for your cross checking needs.

Going to get some much needed rest and will update you tomorrow. Expect BIG developments! we appreciate your trust and support and we look forward to establishing long lasting relationships with each member of the community. Thank you.

We also wanted to thank the Bittrex team for their commitment to excellence. During the process they remained professional in every aspect. It is great working with companies in our industry that lookout for the community first!

We only promised to place a buy wall if the ICO sold out, even though it didn't, because we care and strive to exceed expectations... we placed a proportional buy wall to re-inforce a floor value.