Topic: [ANN][WEBD][CPU][POW&POS] 🌍 WebDollar - Currency of the Internet | in browser - page 20. (Read 43691 times)

Indeed, and the staking can also be done in Pools, so it won't necessarily be like solo if you have a small amount. You just add it with other POS miners and mine in the Pool the POS blocks together. (and you don;t need to actually transfer the WEBDs , you just join the pool with your wallet and that's it)

If you mint a block you get 6k WEBD. At least that's what was said on telegram.
So a lot like solo mining, but instead of hash power determining your chance to find a block, the amount of WEBD in your staking wallet will.

It's a mint probability, 0.02%. The more coins in wallet => the higher chance to get reward for the next stake block.
But I'm asking about annually stake reward, like in other Hybrid PoW/PoS coins. For example NAVcoin, it has 5% stake reward per year. It is not a 5% chance to find next PoS block.
Or it will be like in Whitecoin - "users who keep their wallet open to secure the network via staking will receive 5 XWC for each stake found as reward."
Can you give more technical details: PoS block reward, maturity for stake, etc.

Hey
Thanks for the ann thread! I wann know guys what is the minimum amount needed to invest in order to join the sale? Thanks in advance for your answer! )

interesting project,im try to mined  cpu

Deppends. Only 66% of the coins will be mined with POS. From those with 1M webd you will have 1000000/5500000000*100 which is 0.02% chance to catch every single next block

Hm.
May be I don't understand you.
PoW - Proof of work is a mining process in which a user installs a powerful computer or mining rig to solve complex mathematical puzzles (known as proof of work problems). Once several calculations are successfully performed for various transactions, the verified transactions are bundled together and stored on a new ‘block’ on a distributed ledger or public blockchain. Mining verifies the legitimacy of a transaction and creates new currency units.

PoS - Unlike the proof of work system, in which the user validates transactions and creates new blocks by performing a certain amount of computational work, a proof of stake system requires the user to show ownership of a certain number of cryptocurrency units.
The creator of a new block is chosen in a pseudo-random way, depending on the user’s wealth, also defined as ‘stake’. In the proof of stake system, blocks are said to be ‘forged’ or ‘minted’, not mined. Users who validate transactions and create new blocks in this system are referred to as forgers.

So I mean - if I will buy 1 000 000 Webdollars, sent them to my wallet, how many WD will I have through the year ?

Also, how much is 1 000 000 WD in Telegram ?

Because exchange listings require many resources and we didn't had ICO we did an ecosystem exchange, here is the testnet link http://webdollar-vps5.hopto.org:8080/
After publishing the exchange we will look forward to list on other exchanges too.

wbd is reinveting the wheel. stay tunned in 10 years wbd will be 0.0001$ and you can cash out

The discussion about the hacking story will continue here: https://bitcointalksearch.org/topic/webd-webdollar-cryptocurrency-hacked-the-inside-job-4978980

It looks very interesting but you have to list on exchanges as soon as posible. Anyway, I will follow this thread and Discord channel as well. Btw, do you have a twitter account, guys?

I don't understand what are you meaning. The mining will be in a cycle of 2 rounds. POW round with 10 blocks and POS round with 20 blocks. That means 33,(3)% POW and 66,(6)% POS

Hey!
And what PoS % will we have annually ?
Don't make it too high please. 3-5% annually enough. Otherwise, the price will be very low.

Because we noticed there are few big farms mining webd instead every single person owning a pc or laptop, we are thinking now to switch from POW to a hybrid between POW and POS, where miners will use the computer power to mine 10 blocks and their stack to mine 20 blocks.

Because some big farms achieved many coins with small costs and they will have many chances to mine with POS ( which can lead to a 50%+1 on the POS ), due to this we found a ideal solution for make a better distribution of the mined coins, we're thinking to use for a while the genesis to mine with POS (which will be ~30% from all coins mined every day) and all mined webds to be used in very big bounties campaigns using our automatic bounty system, which will lead to mass adoption. And a coin which has mass adoption and POS system is very secure because is very hard to make an 50%+1

We truly belive this is the best solution in order to reach mass adoption but we want to listen the voice of our community. Mostly all of the members from telegram Chanel are so excited about this idea.


Well pointed. Unfortunetly we're not very active in this tread as we are in out telegram channels.


Hi, we're not selling coins here and we didn't had any ICO. You can join in the trading telegram group where our miners are trading coins. You can use any amount accepted by our miners.


Due to those attacks on the blockchain we had to delay mining pools and exchange. We updated the road map and added new things which we consider good for our ecosystem. There are news in our project. Just read the beggening of this message.


Thank you for asking this. We noticed a group of people which now are trying to make a lot of FUD about our project which is unhealthy. You can see in this thread what happened with the attack. It is nothing hidden.

The hack is explained by the devs if you go through the entire thread. Only malicious and offensive posts might have been moderated.
There are some big changes coming, so stay tuned.

The pools have been working fine now for a very long time (and everyone is mining only in pools, be it public or private). Just go on Telegram, that is the main method of active communication.

Yea, not sure how reliable things are with WebDollar anymore. I was waiting for the pool and exchange, but I feel like things just got heavily delayed. With the major of asset owned by a few wallets, not exactly the most "The coin for everyone" application. I have stopped mining since July. Hopefully there will be good news, but until then, I will just observe.

Hiya!
Currently involved with that project, but I'm just worried about a little matter here.. someone has been talking about a "hacking" that occurred a few weeks ago, and apparently those posts are being deleted. If there's been some hacking going on, why should anyone block/delete the users' comments and concerns about this event?
I like this project, really, and I think that there are many smart and user-friendly stuff going on here, but this kind of way of dealing with issues looks kinda "shady"

I do hope that the project is legitimate, though...

The use of crypto-conversions is very limited, and this excludes the old generations and the less IT-literate people.

Thanks for the link to the pool instructions. By the way, any infos on the growth of pools - numner of members, hashrate etc.?

This is a very smart solution. Is there any other coins which has already used the same trick with the speed of the cache memory to exclude GPUs?