I find this PoC quite interesting but unfortunately its' dependant on PoW based on your description and it is just a let's called it "socialist" PoS.
So you can't really claim it is a new algo , more an improved version.
But still an improvement from the copy paste coins that flood the market.
Keeping an eye on it.
Have you done any tests for it via a testnet?
Topic: [ANN][KiB] Kibweecoin | Proof-of-Contribution | Under rework - page 14. (Read 37030 times)
Trying to understand the maths & PoC concept again.
Lets say I own 100 shares. So value of my shares now before PoC starts = 0.01 BTC. Assuming I am a contributor always, everyday, I will be losing 0.0024 BTC. So by beginning of day 5, I would have lost all my 100 shares. Now at this point, how many shares will I have gained?
Also what does it mean by losing a share? Who takes it from me?
Lets say I own 100 shares. So value of my shares now before PoC starts = 0.01 BTC. Assuming I am a contributor always, everyday, I will be losing 0.0024 BTC. So by beginning of day 5, I would have lost all my 100 shares. Now at this point, how many shares will I have gained?
Also what does it mean by losing a share? Who takes it from me?
so, miners will have to dump kib to buy shares?
goodjob
Common dice, roll my way 
Waiting eagerly for the results. Any ETA?
Waiting eagerly for the results. Any ETA?
The POC sounds interesting. I will probably mine this.
Pre-launch subscriptions are over !
I'll pick-up randomly 10 of you soon. Stay tuned !
I have 58 subscribers. The dices will decide ! Good luck
I'll pick-up randomly 10 of you soon. Stay tuned !
I have 58 subscribers. The dices will decide ! Good luck
1 hour and 40 minutes left for the Pre-launch subscription !
Details here: https://bitcointalksearch.org/topic/m.7228425
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Added the KibweeCoin monetary symbol on the OP:
Ꝅ
Unicode number: U+A744
HTML-code: Ꝅ
And I have a great new for all of us !
Allcoin.com
accept to add the Kibweecoin on the exchange right after the official launch !
We can thanks James for this offer
Ꝅ
Unicode number: U+A744
HTML-code: Ꝅ
And I have a great new for all of us !
Allcoin.com
accept to add the Kibweecoin on the exchange right after the official launch !
We can thanks James for this offer
Hi ShadowOfScales,
thanks for the nice words. I think lots of devs are just copying what is famous, and a lot of peoples falling into this hype. Anonymity is a famous feature at the moment, I have to admit that it's a great one.
Anonymity, Stealth address are both great, but nothing new. With KiB we expect to create new features instead of just implementing the olds already realized.
No saying we will never add Anon or SA. However we prefer stay concentrate on innovation, this is what the cryptos need.
At the moment we are at 100% on the PoC and on the PoW/PoC eco-system.
Then we are going to work on new features and find new ideas.
thanks for the nice words. I think lots of devs are just copying what is famous, and a lot of peoples falling into this hype. Anonymity is a famous feature at the moment, I have to admit that it's a great one.
Anonymity, Stealth address are both great, but nothing new. With KiB we expect to create new features instead of just implementing the olds already realized.
No saying we will never add Anon or SA. However we prefer stay concentrate on innovation, this is what the cryptos need.
At the moment we are at 100% on the PoC and on the PoW/PoC eco-system.
Then we are going to work on new features and find new ideas.
I hope this coin gets somewhere, there really is too much emphasis on anonymity in coins lately, poor VTC has suffered as a result, as people keep dumping to have more BTC to throw into the pump, it's only going to go up due to the new Stealth Address feature (VTC's own anonymous implementation).
I support this coin, and will mine it with my rig, I only have one X11 mhash, but network hash, is network hash.
I support this coin, and will mine it with my rig, I only have one X11 mhash, but network hash, is network hash.
expecting to be 1/10 
He was doing some math with the Shares, not the Coins
I told him that the Shares cap is unlimited. And with the PoC mechanics, Such calculations can't really work.
My answer was here: https://bitcointalksearch.org/topic/m.7184320
I told him that the Shares cap is unlimited. And with the PoC mechanics, Such calculations can't really work.
My answer was here: https://bitcointalksearch.org/topic/m.7184320
How to be a active contributer？I am so confused.
Hi,the Proof-of-Contribution console will be available in +/- 1 week on kibwee.com.
To get Shares you'll able to buy them directly on the console (the price is atm 0.0001BTC/Share).
However I'll start soon a "launch operation" to provide 72 free Shares for the new comers. Stay updated
If something isn't clear, I'll answer all your questions.
Every PoC Roll, the active Contributors (if they have the Contribution turned on) losing 1 Share.
Here the example you'll find on the website when he'll be available:
I wonder what will you take to support the potential marketcap of your coins from POC(NOT including POW and POS) ?
47.200.000.000 * 0.0001BTC/Share =4,720,000 BTC
there are only 3 million coins total. What are you talking about?
Updated the OP
The pre-launch operation end @ 4PM (GMT+1) Today, keep subscribing !
Details here https://bitcointalksearch.org/topic/m.7228425
- Added the minerpools details
- Added CryptoLaunch link
- Added new promotional links
The pre-launch operation end @ 4PM (GMT+1) Today, keep subscribing
!Details here https://bitcointalksearch.org/topic/m.7228425
http://kib.minerpools.com/
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Get Ready! stratum for KibWeeCoin: stratum+tcp://190.143.38.247:4002 -u Weblogin.WorkerName -p WorkerPassword
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- Dedicated server 512 SSD, 32GB RAM, 8 Core Processor
- 24/7 support at #minerpools freenode channel https://kiwiirc.com/client/irc.freenode.net/minerpools
- Block finder bonus -
- 1% Fees
- No hassle, just login and mine
Get Ready! stratum for KibWeeCoin: stratum+tcp://190.143.38.247:4002 -u Weblogin.WorkerName -p WorkerPassword
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我希望获得免费赠送的股票
谢谢
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谢谢
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I hope to get free shares giveaway
I hope to get free shares giveaway
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