[ANNOUNCE] paccoin a new SHA256D coin is being introduced - page 89.

Pumperdumper

newbie

Activity: 73

Merit: 0

Quote from: Proxima Centauri on January 09, 2018, 08:15:11 AM

What I dont understand is: what will be the advantage for early buyers like me after the coin redemption? I mean if this is only a 1000:1, and the value of a coin reach 0,04$ in place of 0,000004$, my earnings are still the same... The only advantage is that Pac will be more tradable with btc? But are we sure people will buy it at, for example, 0,04$?

I'm sure I miss something, but if someone can explain...

There is no advantage for early birds.

Personally - I bought weeks ago, now I'm just waiting for that last little push to 3 SAT or beyond before the burn so I can sell my coins and buy from the exchange post burn.

EMC2 did a burn and look what happened to them. You never know what will happen with the value of a coin once the supply is tampered with.

I hope someone from core dev realizes how detrimental a burn would be to the original holders.

In the world - there is $60 trillion in total. I don't see how Pac with it's trillion supply would be unable to get to $0.01

dannycalifornia

newbie

Activity: 32

Merit: 0

Pac is going back up to $0.00030 today!

rhasan

newbie

Activity: 40

Merit: 0

Some other coin allows to get POS reward even if you keep your PC off, like NEO/GAS.

So my question is if for some reason my PC gets offline, will I get POS reward?

Do I have to be online for 30 days in a go or consecutively, or 30 days of age of the coin is ok if it is untouched/not spent for 30 days?

zikotiko1

newbie

Activity: 7

Merit: 0

I also think paccoin has some utility. It can be used as a medium of exchange too. These should make it viable in the future

wmcorless

full member

Activity: 192

Merit: 100

paccoin

Quote from: trulux on January 09, 2018, 09:15:14 AM

Does PAC provide a link to download the latest blockchain? cause it's gonna take more than a day for this wallet to sync

As far as I know, no. If someone knows how to do this, can you please do so, it could be a great help.

trulux

newbie

Activity: 20

Merit: 0

Does PAC provide a link to download the latest blockchain? cause it's gonna take more than a day for this wallet to sync

scoobysportD

jr. member

Activity: 105

Merit: 1

Read some earlier posts in this topic and read the updated website and the draft of the roadmap etc. Reading will let you learn all that you asked.

Proxima Centauri

jr. member

Activity: 88

Merit: 1

What I dont understand is: what will be the advantage for early buyers like me after the coin redemption? I mean if this is only a 1000:1, and the value of a coin reach 0,04$ in place of 0,000004$, my earnings are still the same... The only advantage is that Pac will be more tradable with btc? But are we sure people will buy it at, for example, 0,04$?

I'm sure I miss something, but if someone can explain...

wmcorless

full member

Activity: 192

Merit: 100

paccoin

Quote from: RamesesLabs on January 09, 2018, 07:42:30 AM

They have a pretty good blog but what are the rumors on the big announcement? It has to be more than just the upgraded wallet and coin swap news. Is there any possibility we could get a Bittrex listing in 2018?

Everyone should let Bittrex know to add Paccoin. Its in the top 100 according to coinmarketcap.

Helrin

newbie

Activity: 9

Merit: 0

Quote from: rickboy on January 09, 2018, 07:09:11 AM

Whats the point of stake and multiply a coin with no buy orders?
Even if i become a PAC millionaire, no one will buy me a coin. :|

buy orders will come in as soon as the price move up to 2satoshi or doge/pac ltc/pac trades reopen

wmcorless

full member

Activity: 192

Merit: 100

paccoin

Quote from: rickboy on January 09, 2018, 07:09:11 AM

Whats the point of stake and multiply a coin with no buy orders?
Even if i become a PAC millionaire, no one will buy me a coin. :|

Many of us had that problem. we had millions of worthless paccoins, then all of a sudden it was worth lots.

I guess the saying is true: "All things come to he who waits..."

RamesesLabs

member

Activity: 133

Merit: 10

The Wall Street Bitcoin Exchange

They have a pretty good blog but what are the rumors on the big announcement? It has to be more than just the upgraded wallet and coin swap news. Is there any possibility we could get a Bittrex listing in 2018?

rickboy

newbie

Activity: 19

Merit: 0

Whats the point of stake and multiply a coin with no buy orders?
Even if i become a PAC millionaire, no one will buy me a coin. :|

DOGEbubble

hero member

Activity: 881

Merit: 501

Quote from: wmcorless on January 09, 2018, 06:39:25 AM

Quote from: DOGEbubble on January 09, 2018, 06:37:38 AM

Quote from: wmcorless on January 09, 2018, 06:29:20 AM

Quote from: DOGEbubble on January 09, 2018, 06:27:09 AM

Quote from: wmcorless on January 09, 2018, 06:19:04 AM

Quote from: maxime506 on January 08, 2018, 05:57:09 PM

For POS, any specific requirement for CPU?

All my PC miners only have Pentium G3220 dual-core CPU (3.0Ghz) and I can only assign one core for POS without interfering with mining other altcoins. I can invest an i3 if required

I recommend a multi-core cpu and plenty of ram. dual core may be fine, but I recommend more if you can get it.

Over time you computer will get more and more bogged down as it stakes because each coin staked becomes two new coins. So to fix this problem move bigger chunks from one wallet to another from time to time.

What is the annual rate (%) for POS minting?
I could not find the answer anywhere?
Cheesy

I estimate that 1000 paccoins should be worth 10,000 by year end. someone tell me what rate that is pls.

Based on calculation: that would be about 9,000 PAC staked over one year or 900% annual rate; at least for the first year. Cheesy

Yea that's about right.

Not bad if PAC price would never give up and would stay at 1 satoshi or above by the year end or beyond.
It might. I am the believer that popularity or the number of users or owners of a cryptocoin should be closely correlated with the real value which would be adjusted to show up in the ranking and market cap with time. Cheesy

wmcorless

full member

Activity: 192

Merit: 100

paccoin

Quote from: DOGEbubble on January 09, 2018, 06:37:38 AM

Quote from: wmcorless on January 09, 2018, 06:29:20 AM

Quote from: DOGEbubble on January 09, 2018, 06:27:09 AM

Quote from: wmcorless on January 09, 2018, 06:19:04 AM

Quote from: maxime506 on January 08, 2018, 05:57:09 PM

For POS, any specific requirement for CPU?

All my PC miners only have Pentium G3220 dual-core CPU (3.0Ghz) and I can only assign one core for POS without interfering with mining other altcoins. I can invest an i3 if required

I recommend a multi-core cpu and plenty of ram. dual core may be fine, but I recommend more if you can get it.

Over time you computer will get more and more bogged down as it stakes because each coin staked becomes two new coins. So to fix this problem move bigger chunks from one wallet to another from time to time.

What is the annual rate (%) for POS minting?
I could not find the answer anywhere?
Cheesy

I estimate that 1000 paccoins should be worth 10,000 by year end. someone tell me what rate that is pls.

Based on calculation: that would be about 9,000 PAC staked over one year or 900% annual rate; at least for the first year. Cheesy

Yea that's about right.

DOGEbubble

hero member

Activity: 881

Merit: 501

Quote from: wmcorless on January 09, 2018, 06:29:20 AM

Quote from: DOGEbubble on January 09, 2018, 06:27:09 AM

Quote from: wmcorless on January 09, 2018, 06:19:04 AM

Quote from: maxime506 on January 08, 2018, 05:57:09 PM

For POS, any specific requirement for CPU?

All my PC miners only have Pentium G3220 dual-core CPU (3.0Ghz) and I can only assign one core for POS without interfering with mining other altcoins. I can invest an i3 if required

I recommend a multi-core cpu and plenty of ram. dual core may be fine, but I recommend more if you can get it.

Over time you computer will get more and more bogged down as it stakes because each coin staked becomes two new coins. So to fix this problem move bigger chunks from one wallet to another from time to time.

What is the annual rate (%) for POS minting?
I could not find the answer anywhere?
Cheesy

I estimate that 1000 paccoins should be worth 10,000 by year end. someone tell me what rate that is pls.

Based on calculation: that would be about 9,000 PAC staked over one year or 900% annual rate; at least for the first year. Cheesy

wmcorless

full member

Activity: 192

Merit: 100

paccoin

Quote from: DOGEbubble on January 09, 2018, 06:27:09 AM

Quote from: wmcorless on January 09, 2018, 06:19:04 AM

Quote from: maxime506 on January 08, 2018, 05:57:09 PM

For POS, any specific requirement for CPU?

All my PC miners only have Pentium G3220 dual-core CPU (3.0Ghz) and I can only assign one core for POS without interfering with mining other altcoins. I can invest an i3 if required

I recommend a multi-core cpu and plenty of ram. dual core may be fine, but I recommend more if you can get it.

Over time you computer will get more and more bogged down as it stakes because each coin staked becomes two new coins. So to fix this problem move bigger chunks from one wallet to another from time to time.

What is the annual rate (%) for POS minting?
I could not find the answer anywhere?
Cheesy

I estimate that 1000 paccoins should be worth 10,000 by year end. someone tell me what rate that is pls.

wmcorless

full member

Activity: 192

Merit: 100

paccoin

Quote from: Jaycee_nl on January 09, 2018, 06:22:25 AM

@wmcorless: nice words from the pac coin founder, where did you find the text?
Thnx

Are you questioning whether I wrote it or something?

DOGEbubble

hero member

Activity: 881

Merit: 501

Quote from: wmcorless on January 09, 2018, 06:19:04 AM

Quote from: maxime506 on January 08, 2018, 05:57:09 PM

For POS, any specific requirement for CPU?

All my PC miners only have Pentium G3220 dual-core CPU (3.0Ghz) and I can only assign one core for POS without interfering with mining other altcoins. I can invest an i3 if required

I recommend a multi-core cpu and plenty of ram. dual core may be fine, but I recommend more if you can get it.

Over time you computer will get more and more bogged down as it stakes because each coin staked becomes two new coins. So to fix this problem move bigger chunks from one wallet to another from time to time.

What is the annual rate (%) for POS minting?
I could not find the answer anywhere?
Cheesy

wmcorless

full member

Activity: 192

Merit: 100

paccoin

Quote from: Jaycee_nl on January 09, 2018, 06:14:14 AM

Quote from: wmcorless on January 09, 2018, 05:56:32 AM

If you want to use your wallet for staking, you will need to add the following command to your paccoin.conf file:
staking=1
Also you will need to leave your wallet unlocked. If you already locked it, you will need to transfer your paccoins to another wallet that has not been locked

That last sentence is actually not correct according to PAC: you can do staking while your wallet is locked. I advise to keep your wallet locked for security reasons.
In the PACcoin FAQ (https://paccoin.net/faq) you can read about it. They say:

"How to unlock the wallet for minting only?
Go to Help > Open Debug Window and there type:
walletpassphrase “your-password” 9999999 true
Please notice that your password is the one you created when the wallet was encrypted."

Well Jaycee_nl thanks for the correction, however I would like to point out that the "9999999" is in seconds the wallet is to be unlocked. After that time the wallet will automatically lock and proof of stake will cease. If you want a wallet that continues to stake I suggest you follow my advice.

Topic: [ANNOUNCE] paccoin a new SHA256D coin is being introduced - page 89. (Read 136571 times)