Topic: [ANN]SummerCoin|POS|10% per day in 5 days|New wallet - page 210. (Read 162095 times)

My rigs like x11 , thanks for changing the algo.

Great work.I like this coin.
Thanks dev.

Of course not. Wait for the source and you'll see how did we do it

Due to some idea to decrease total coin to 50 MIL, we will create a vote for this. Thanks for all support from miner. Now we are happy with X11/POS coin.

how the 200coin per block are sent to foundation? i hope there isn't a malicious code

I hope this coin amount in 50 million.
 

If you dont want to dump,
you can get your dev coins and tx coins at the POS stage,
eg:get your coins at day 15 to 45 stage.
I think this is much better,people wouldnt worry about the dump.

How the fuck are you going to do that?  5 days of mining this chitty wok coin

That doesn't need. In my opinion, X11 is enough for Summer coin, easy mining with high hash rate, cooler enough with low power consumption.
We still thinking about decreasing total coin  

Haha I knew it was only a matter of time before someone released SummerCoin!

I recommend lowering the coin count somewhat to increase its perceived rarity. Other suggestion is why not make it a combination of PoW algorithms like myriad? I'm thinking something like sha3-keccek + X11 -- I think this will help with distribution.

This coin looks amazing

cool,less money on mining!

Curently not, will update soon.


You're wrong. Did you read the specifications? Only 10000 blocks to miner. I think you understand what i want to say.

And about coinmarketcap, we think about decrease everything 10 times such as: total coin 50 MIL, block RW 1500, foundation support: 20, and all bounty will decrease 10 times so. Just thinking and will have the answer soon.


It's cooler and use less energy.

Is x-11 superior to N-scrypt?

Can the dev please respond to this question.

The bold is how I got my figure too.  I personally would prefer the 150,000,000 coin cap or less.  500,000,000 just seems too excessive.  Last thing you would want is to eventually be put on the LTC trade market because the coin cap was too high.  Also dev I'm not telling you how to make your coin, I'm just wanting it to be better than all the other trash that's been released.  This is the first x11 POS coin so it wont get raped by multipools like the others have been and I believe if this is done right it could be one of the better POS coins.  Just try and make it to were the next one that is done after yours wont be better.

Greetings, Mr Dev

Hello, future miners

I'm going to be turning my solitary HD7990 to this innovative coin on Sunday. Since the effective end of the PoW phase of ZeitCoin (Yes I am on the staff, but I'm NOT 'technical') I've mined Vert, Hiro & for the last couple of weeks, GiveCoin.

I will never go back to scrypt again!

It was bad enough having to put a large extractor fan (1000 cubic meters/hour) on my rig to keep the GPU temps below 90 degrees in the winter (it heated the whole cottage better than 5 radiators!) but now that scrypt-ASIC farms are erupting like zits on a teenager as well, the game is basically over for "little guys" like me for ALL the scrypt coins.

Even if this coin does have some 'question marks' at least I'm competing on a reasonably-even playing field with X-11. At least all the other 'hobbyists' will have the chance for a reasonable share of the pot, and the 'day-traders' will have SOME incentive to hang on to the coin for a good while instead of just auto-selling for a few cents profit & moving on.

The 'big boys' will be upset, of course. It's been REASONABLY peaceful here so far (Yep, I'm one of those weirdos who reads every single post in a thread before speaking) but that won't last. If the whales can't grab 60% of a coin by mining it, they scare the miners into panicking & selling cheap.

I'll be totally honest with you all - as this coin has no 'grand purpose' behind it, I will be using it as a tool to enable me to do other things, just like all of you.

But I'll never act in an unethical, untruthful or indeed unintelligent manner. I've learned the hard way that with only a single GPU (albeit a decent one ) I have to mine & trade SMART in order to survive. I've got quite good at it, especially with PoS. If you've never had the pleasure of seeing coin just roll into your wallet yet, stand by it's GREAT!

So, I'll leave you with one VERY pertinent question for the Dev...

Does the wallet incorporate 'coin control'?

If you lot don't know WHY that question is so vital, best do some research, huh?

I think your distribution may need some explaining. People see 500,000,000 total coins and 15,000 per POW block. And they think:

500,000,000 divided by 15,000 = 33,333 blocks  
33,333 times 200 = 6,666,666 coins

I believe this is wrong as it says POW height (height is misspelled by the way) is capped at 10,000. So I believe the calc should be:

15,000 time 10,000 = 150,000,000 total POW mined
10,000 times 200 = 2,000,000 tax to the dev in the first 5 days

Please correct me if I am wrong or verify it if the above is correct.

50 million is a very good figure
Everyone will like it.

why?