Topic: [ANN]SummerCoin|POS|10% per day in 5 days|New wallet - page 88. (Read 162063 times)

I have over 2k summercoins, but stake give me just 10 summercoins. Huh

Read OP carefully. I think most people here dont understand how PoS works.

Thank you

Ok. Give u a hint. Quote from OP

Stake interest: First week: Nominal Stake Interest: 1% per Year, block 13441 to 26880: Nominal Stake Interest: 10% Daily, day 26881 to 86400: Nominal Stake Interest: 1% Daily, First year - 10%, second year - 5%, third year goes on - 2%

Oh that clears it up, clear as Chinese mud. lol Cheesy

I made it a bit clearer, still a bit murky:

Stake interest:
1st week: 1% per annum
Block 13441 to 26880: 10% Daily
Block 26881 to 86400: 1% Daily
1st year: 10% per annum
2nd year: 5% per annum
3rd year: 2% per annum

So at the moment it is 1% per annum, not sure when the 1st week started or if 10% takes over when block 13441 is reached regardless of if the first week has ended - I would think so. I think what happens after block 86400 is that interest changes to 10% per annum.
Don't know when coins become mature.

coin mature upon 24 hours block time.

gpuminer

full member

Activity: 210

Merit: 100

how come summercoin not in mintpal voting list ?

monsterhash.me

newbie

Activity: 22

Merit: 0

Dear Miners,

We still have some SUM from you left in our Wallet, please withdraw the rest as we are starting a new pool on this server for JackpotCoin soon and remove the now unneeded SUM pool this evening.

https://summer.monsterhash.me

Thank you

UltraMegaMan

member

Activity: 75

Merit: 10

Quote from: gpuminer on May 01, 2014, 05:51:24 AM

I have over 2k summercoins, but stake give me just 10 summercoins. Huh

Read OP carefully. I think most people here dont understand how PoS works.

Thank you

Ok. Give u a hint. Quote from OP

Stake interest: First week: Nominal Stake Interest: 1% per Year, block 13441 to 26880: Nominal Stake Interest: 10% Daily, day 26881 to 86400: Nominal Stake Interest: 1% Daily, First year - 10%, second year - 5%, third year goes on - 2%

Oh that clears it up, clear as Chinese mud. lol Cheesy

I made it a bit clearer, still a bit murky:

Stake interest:
1st week: 1% per annum
Block 13441 to 26880: 10% Daily
Block 26881 to 86400: 1% Daily
1st year: 10% per annum
2nd year: 5% per annum
3rd year: 2% per annum

So at the moment it is 1% per annum, not sure when the 1st week started or if 10% takes over when block 13441 is reached regardless of if the first week has ended - I would think so. I think what happens after block 86400 is that interest changes to 10% per annum.
Don't know when coins become mature.

cienki7

hero member

Activity: 504

Merit: 500

Quote from: XbladeX on May 01, 2014, 05:16:31 AM

Quote from: SummerCoin on April 30, 2014, 09:40:14 PM

Quote from: gamefreak on April 30, 2014, 09:38:46 PM

but the coin will come back?

The coin still has never gone. It's strong.

that one...
Give him sleep guys WTF... 8h without post and is gone (yea sure)...

welcome to crypto. Most people think developer are bot not human.

haha, well said!

gpuminer

full member

Activity: 210

Merit: 100

Quote from: XbladeX on May 01, 2014, 05:16:31 AM

Quote from: SummerCoin on April 30, 2014, 09:40:14 PM

Quote from: gamefreak on April 30, 2014, 09:38:46 PM

but the coin will come back?

The coin still has never gone. It's strong.

that one...
Give him sleep guys WTF... 8h without post and is gone (yea sure)...

welcome to crypto. Most people think developer are bot not human.

BruceLee007

sr. member

Activity: 406

Merit: 250

Quote from: ibinsad on May 01, 2014, 05:18:42 AM

Quote from: XbladeX on May 01, 2014, 05:22:06 AM

PS: yester dev was writing on 22pm so why people are talking that he is gone Cheesy

??

Dev is not a robot Grin

There are always be some FUD in this btt forum. So don't mind them.

gpuminer

full member

Activity: 210

Merit: 100

Quote from: ibinsad on May 01, 2014, 05:18:42 AM

Quote from: Amph on May 01, 2014, 03:27:55 AM

PS: yester dev was writing on 22pm so why people are talking that he is gone Cheesy

??

Dev is not a robot Grin

Summer train mega pump in summer Cheesy

x100 possible because of summer ( better have good position today like with Asia train than cry later)

BTW whales need cheap coins to pump so let them buy something too.
Free market here.Evry coin have their 5m of pump at least.

Quote from: itraxe on May 01, 2014, 03:23:38 AM

so what do u think will happend in future with that coin ?

do we need hold it or sell for 2k ?

i don't think it will rise to 10k , 5k is also to high for this

let's face it, this is just another bc clone like white, cinni, colorcoin bs

but all of them are great field to speculative pump.
Problem is that when coin land to fast in top 20 like WC Asia i f. hard to pump higher.
When coin like Sum in on 70+ coinmarket cap is much easier to pump. (and dump too ofc )...
But pussibility of gain is much bigger. Buying Sum is like playing Dice game.
With Sum x5 is possible in one week while WC Cheesy

is question able it would require a lot of $ before
much more than for summer.

whales already collecting coins. Look at bittrex chart, u can see huge volume spike at certain point all absorb by buy order. People are spending 10s / 20s or even 40 btc to rent Gigahash rig to mine the coin. I bet whales are mining and buying coins at the same time. Its rather easy to collect summer coins when total coin supply is only 50 million ( less than blackcoin) and selling at this price.

Like i mention on earlier post , when Chinese are involve on a coin, dont expect anything much in development because all the effort is spend in getting the price up.

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: ibinsad on May 01, 2014, 05:18:42 AM

Quote from: Amph on May 01, 2014, 03:27:55 AM

PS: yester dev was writing on 22pm so why people are talking that he is gone Cheesy

??

Dev is not a robot Grin

Summer train mega pump in summer Cheesy

x100 possible because of summer ( better have good position today like with Asia train than cry later)

BTW whales need cheap coins to pump so let them buy something too.
Free market here.Evry coin have their 5m of pump at least.

Quote from: itraxe on May 01, 2014, 03:23:38 AM

so what do u think will happend in future with that coin ?

do we need hold it or sell for 2k ?

i don't think it will rise to 10k , 5k is also to high for this

let's face it, this is just another bc clone like white, cinni, colorcoin bs

but all of them are great field to speculative pump.
Problem is that when coin land to fast in top 20 like WC Asia i f. hard to pump higher.
When coin like Sum in on 70+ coinmarket cap is much easier to pump. (and dump too ofc )...
But pussibility of gain is much bigger. Buying Sum is like playing Dice game.
With Sum x5 is possible in one week while WC Cheesy

is question able it would require a lot of $ before
much more than for summer.

ibinsad

sr. member

Activity: 616

Merit: 250

Quote from: SummerCoin on April 30, 2014, 09:40:14 PM

PS: yester dev was writing on 22pm so why people are talking that he is gone Cheesy

??

Dev is not a robot Grin

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: gamefreak on April 30, 2014, 09:38:46 PM

but the coin will come back?

The coin still has never gone. It's strong.

that one...
Give him sleep guys WTF... 8h without post and is gone (yea sure)...

XbladeX

legendary

Activity: 1302

Merit: 1002

PS: yester dev was writing on 22pm so why people are talking that he is gone Cheesy

??

Mrboot

legendary

Activity: 1204

Merit: 1000

Quote from: ibinsad on May 01, 2014, 05:03:48 AM

I have over 2k summercoins, but stake give me just 10 summercoins. Huh

Read OP carefully. I think most people here dont understand how PoS works.

Thank you

Ok. Give u a hint. Quote from OP

Stake interest: First week: Nominal Stake Interest: 1% per Year, block 13441 to 26880: Nominal Stake Interest: 10% Daily, day 26881 to 86400: Nominal Stake Interest: 1% Daily, First year - 10%, second year - 5%, third year goes on - 2%

We still at block 11k i understand , i think the price will rise until block 13k then after block 26k people will dump.

It will deff be not smart to sell your coins atm Wink

for me its strange why the price went down a bit anyway it will go up
and we will see so far i think its going well as planned Wink

but the selling is nice cause the coins are spreading Wink

And im getting them cheaper and cheaper

ibinsad

sr. member

Activity: 616

Merit: 250

I have over 2k summercoins, but stake give me just 10 summercoins. Huh

Read OP carefully. I think most people here dont understand how PoS works.

Thank you

Ok. Give u a hint. Quote from OP

Stake interest: First week: Nominal Stake Interest: 1% per Year, block 13441 to 26880: Nominal Stake Interest: 10% Daily, day 26881 to 86400: Nominal Stake Interest: 1% Daily, First year - 10%, second year - 5%, third year goes on - 2%

We still at block 11k i understand , i think the price will rise until block 13k then after block 26k people will dump.

gpuminer

full member

Activity: 210

Merit: 100

I have over 2k summercoins, but stake give me just 10 summercoins. Huh

Read OP carefully. I think most people here dont understand how PoS works.

Thank you

Ok. Give u a hint. Quote from OP

Stake interest: First week: Nominal Stake Interest: 1% per Year, block 13441 to 26880: Nominal Stake Interest: 10% Daily, day 26881 to 86400: Nominal Stake Interest: 1% Daily, First year - 10%, second year - 5%, third year goes on - 2%

ibinsad

sr. member

Activity: 616

Merit: 250

I have over 2k summercoins, but stake give me just 10 summercoins. Huh

Read OP carefully. I think most people here dont understand how PoS works.

Thank you

gpuminer

full member

Activity: 210

Merit: 100