Topic: [ANN][SEED] SeedCoin | New Road Map - page 133. (Read 184103 times)

All the coins have been dispersed, I got my ICO coins about block 150. I had to re-install everything from scratch a second time using the initial ICO wallet.dat before I could see my coins.

By the time you wrote your post the price was 0.095 now it's 0.09
There are only two orders holding the price to 0.09. That's a total of 1.03 Seed. If they are sold, price goes down to 0.074
Also, you expect 9M coins worth 0.124 BTC each? That's 1.16M BTC
How are you going to sell coins worthing 1.1 million BTC ?

when do we receive the coins sold in ico? I have not received any yet?

ico address: sJpWsASmgs5XuCkXjGE7RNSroAYCatbopi

So what do you think each coin would be worth at the end of the growth period?

I'd disagree. There's only 302 coins currently, with 765 more coins that could potentially be mined, however, every block discovered by someone staking removes 0.1 seeds from circulation. Also, they need a minimum of 24 hours to mature, so that removes the final 24 coins from first day of growth. There will likely be less than 1000 coins produced by that time, 0.095 as it is currently at bittrex is looking awfully cheap. The person who bought up to 1 btc/coin last night thought so too.

For sure the price will plummet as coins grow, but it's all about current value to the number of coins you currently own. Not to mention if you do decide to sell and move your coins to bittrex, but those buy orders are already sold into, you've just lost a monumental amount of coins since they lose most of their growth potential, and your stuck either dumping them cheap or re-growing them again at a significantly reduced potential. There's a huge risk involved in moving the coins, so it just depends what price will justify the risk.

I's going to be very interesting to see the fluctuations in price and the final coin count. Doing some fuzzy math, based on a final market cap of only $40,000 and a very conservative 9M coins total supply (imo probably more like 6-7M), and one coin currently growing into over 9300, each coin right now would be worth $41.40 or ~0.124 BTC if held for the entire growth period. And those are with very conservative numbers.

To me it seems silly to sell for anything less than 0.2/coin but there's always some people who need to get paid now.

http://www.isup.me/http://seed.minerpools.com

Is it just me or is Minerpools site just completely blank?

My coins are finally staking.  Everything is working well.

growth or not, it won't worth it.
people started selling at low prices and if they continue to do so, price will drop down to 0.00001 in a few days.
the only person who made profit for sure is one I saw in a pool. he had 3.5TH/s for one day. He made 25 seed. If he sold everything a few hours ago, he made 5 btc.
I have just stopped mining too. it's pointless to keep mining and loose time.
One of the worst parts is the exchange. It should go on an exchange a week later, not yesterday.
Big failure as price will be grounded before grow period.
Moreover, by day 7 who on earth will buy 10m of this coin knowing the next day it won't worth anything?

Yes, fix is due on Wednesday, growth period starts around Saturday(ish)

No, its not. sounds like a total screwup on the devs part.

I sure hope so, it will piss alot of ppl off if not. Without that fix I am wasting my time mining. I know my little black widow isnt much but it pays .005 a day at least. hopefully im not throwing away the hash. . .  

There is no easy way to just turn off staking until you have the fix is there? I know its only a small percentage of stake, but after the large growth ever little bit now is compounded ALOT from the large staking. . .

Yes, probably

Just worked out my cost on beta rigs and with all the hash and difficulty both going up it seems that its about 0.15btc to 0.18btc per seed cost now and that would take 24 hours to get the full seed.  So it seems much better to just buy on bittrex at the moment.  At least you get the seed right away so you can get it ready to stake.

Just want to add in (Correct me if I'm wrong)  but its only 1% PER YEAR stake until block 10100 and since were only on block 2224 it would seem there is lots of time for both the fix and anybody who buys now to get the full 269% per day stake later when it kicks in at block 10100.

thanks for the reply, but will this fix happen before the growth period?

I feel like I am losing my time trying to mine this coin with 4mh/s
Don't know if it worth a week of mining. of course I will be happy if I make 0.1 BTC

So if I am understanding correctly, I need a minimum of 1 seed to stake?

And will this fix (if any)before the growth period?

Based on what you said, it needs 24 hours +(24/ coins)
I will have 0.1 Seed. By using the above formula, 0.1 Seed will need 264 hours for staking and that's 11 days. So by the 7th day I Will still have 0.1 Seed

Because you'll stake on day one and get 3.69 coins. Those 3.69 coins will stake happily about 30 hours later, when they'll turn into 13 coins. 13 coins will stake fairly quickly, coming in a little less than 26 hours later, and turning over a whopping 50 coins. 50 coins will be ready in 24 1/2 hours after that, beyond which the timing is negligible.


The updated code that I am currently working on will remove this problem. Everyone's coins will reach 1 weight much sooner, and weight will accumulate much faster.