Topic: [ANN][XMT] Summitcoin - *** ICO COMPLETE*** POW Rewards still available!! - page 5. (Read 12861 times)
November 06, 2015, 05:47:59 AM
Ah, people are still mining it - I've re-enabled stratum on suprnova but please consider mining on the other pools. The wallet was updated already to enable withdrawals.
November 06, 2015, 05:43:23 AM
So, you mean, PoS not base on percent, but PoS 1 XMT / Block? Am I right?
yes mate that's correct
so what we have is another opportunity to cut down supply
November 06, 2015, 05:36:30 AM
How PoS % (Percent) per year?Day?Month?Hour?
Thank you...
Thank you...
in the op
Algo: Scrypt PoW/PoS Hybrid
Difficulty Retarget: Every Block
POS Reward: 1 XMT / block
Block Time: 1 Minute
Block Maturity: 100 Blocks
RPC Port: 29028
Total Coin Supply: 70,000,000 XMT
Premine: (ICO*) - Block 1: 55,000,000 XMT
Week 1: (ICO Period) - Block 2-11,000: 1 XMT/block - (10999 XMT)
Month 1: Block 11,001 - Block 54200: 115 XMT/block - (4,967,885 XMT)
Year 1: Block 54201 - Block 579801: 9.5 XMT/block - (4,993,200 XMT)
Year 2-5: Block 579801 - End of Life: 2 XMT/block - (4,000,000 XMT)
*Unsold ICO coins will be burned. 5,000,000 XMT of the premine will go to the development fund as incentive to keep the devs active and engaged, as well as to be used for incentives and marketing
*update 11/4* We will burn the development premine to match the percentage of the ICO that is sold. EX: if we only sell 10% of the ICO, we will burn 90% of the development premine.
So, you mean, PoS not base on percent, but PoS 1 XMT / Block? Am I right?
November 06, 2015, 05:30:27 AM
How PoS % (Percent) per year?Day?Month?Hour?
Thank you...
Thank you...
in the op
Algo: Scrypt PoW/PoS Hybrid
Difficulty Retarget: Every Block
POS Reward: 1 XMT / block
Block Time: 1 Minute
Block Maturity: 100 Blocks
RPC Port: 29028
Total Coin Supply: 70,000,000 XMT
Premine: (ICO*) - Block 1: 55,000,000 XMT
Week 1: (ICO Period) - Block 2-11,000: 1 XMT/block - (10999 XMT)
Month 1: Block 11,001 - Block 54200: 115 XMT/block - (4,967,885 XMT)
Year 1: Block 54201 - Block 579801: 9.5 XMT/block - (4,993,200 XMT)
Year 2-5: Block 579801 - End of Life: 2 XMT/block - (4,000,000 XMT)
*Unsold ICO coins will be burned. 5,000,000 XMT of the premine will go to the development fund as incentive to keep the devs active and engaged, as well as to be used for incentives and marketing
*update 11/4* We will burn the development premine to match the percentage of the ICO that is sold. EX: if we only sell 10% of the ICO, we will burn 90% of the development premine.
November 06, 2015, 05:27:49 AM
XMT ICO in Yobit - 5 Hours and 30 Minutes left.
November 06, 2015, 05:16:29 AM
How PoS % (Percent) per year?Day?Month?Hour?
Thank you...
Thank you...
November 06, 2015, 04:56:23 AM
November 05, 2015, 11:52:41 PM
cryptopia Rejected Summitcoin -ICO " No ICO or IPO prior to launch "
https://www.cryptopia.co.nz/HomeAction/Voting
November 05, 2015, 10:09:56 PM
lol I like to mine coins but when the Net Hashrate 5.35 GH/s and Difficulty at 51.023 to hard to mine at my speed
I guess I will just buy ... November 05, 2015, 08:38:25 PM
If the hash at Binpool is 2.5GH but the net hash is 7.5 GH, where is the other 5 GH? Is there another pool?
BTW, pool.summet.in is only 300MH.
BTW, pool.summet.in is only 300MH.
We're wondering the same thing.... Suprnova hasn't updated that I know of.
November 05, 2015, 08:23:17 PM
If the hash at Binpool is 2.5GH but the net hash is 7.5 GH, where is the other 5 GH? Is there another pool?
BTW, pool.summet.in is only 300MH.
BTW, pool.summet.in is only 300MH.
November 05, 2015, 07:34:36 PM
thanks binpool. giving it a try...
November 05, 2015, 07:21:27 PM
Pool is working at binpool, but it's slow to update!! Block updates are falling behind.
November 05, 2015, 06:33:21 PM
@BinPool - http://xmt.binpool.com/ - wallet update and launch
Thank you BinPool! Our pool is being sorted. It looks like the issue was it detected a double payout because the fork that we had yesterday. So the cron job is being a bit funky.
I recommend people hash on BinPool for now. Our pool operator has once again ensured me that all hashes are being counted on pool.summitco.in. But it will be healthy to spread the hash out.
Thanks for all of your patience everybody.
November 05, 2015, 05:52:59 PM
November 05, 2015, 05:52:39 PM
@BinPool - http://xmt.binpool.com/ - wallet update and launch
November 05, 2015, 04:07:11 PM
Any news on the pool?
November 05, 2015, 03:12:11 PM
Are mountain climbers really clamoring for their own cryptocurrency? If this is not just another outright scam, this coin is destined to be yet another failure. If it's dev, highaltitude20322, is legitimate then apologies if I come off disrespectful as I appreciate honest devs even if their work is misguided.
I spent over 9000 hours in MS Paint creating this helpful diagram to illustrate why this project will never go anywhere.
*snip*
I spent over 9000 hours in MS Paint creating this helpful diagram to illustrate why this project will never go anywhere.
*snip*
No worries man Everybody has earned the right to be skeptical in this space.
If we're running a scam we're doing very very poorly at it lol.
We'll be the first to admit this is a niche of a niche type currency. We plan on supporting and following through with what we've laid out.
If we don't reach the Summit and nobody cares about the coin beyond us? It's okay. Like a lot of things in life it's about the journey. I have had to abandon climbs within site of the goal. It's about coming back and trying again and getting further the next time.
I've said a few times we're probably far too optimistic perhaps bordering on naive.
The team spoke last night and have decided regardless of the ICO outcome will we burn at minimum 50% of the development premine as a sign of good faith. (we'll still burn the % of the ico that doesn't see out of the dev premine as well)
It will be the first thing we do once the block explorer goes live.
See you at the Summit! (or back at base camp for some beers!)
Appreciate the response and that you can take criticism without getting butthurt. Most likely this isn't a scam as scammers tend to pitch ideas that have more universal appeal.
I will be staying at base camp with the beers and I fear you will freeze to death before you reach the summit, but as long as you are honest and undertaking the challenge for all the right reasons you are a-okay in my book.
I will pour a beer out in your honor when I receive word of your death.
November 05, 2015, 02:29:26 PM
So.. i updated wallet, and once it was done i lost over 300xmt of staked coin. Whats up with that. i did save wallet.dat file and put in new wallet. but seems ive lost a lot of staked coins...
When I updated my wallet, I deleted everything but the wallet.dat file. I didn't lose anything.
November 05, 2015, 02:20:21 PM
So.. i updated wallet, and once it was done i lost over 300xmt of staked coin. Whats up with that. i did save wallet.dat file and put in new wallet. but seems ive lost a lot of staked coins...
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