You should take the 50% and serve it up to us who were supporting the coin and mining orphans!!
BTW the pool transaction history stopped working at block 12336. So we really have no idea other than the pool operators word if we are really accumulating coins.
Topic: [ANN][XMT] Summitcoin - *** ICO COMPLETE*** POW Rewards still available!! - page 6. (Read 12864 times)
November 05, 2015, 11:45:01 AM
November 05, 2015, 11:35:09 AM
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!)
November 05, 2015, 11:25:35 AM
Would be nice, for all we know the pool operator is redirecting our hash somewhere else and lining his pockets!! Pool showing a lot of orphans, and no confirmed coins.
November 05, 2015, 11:19:59 AM
Good morning everybody. Apologies for the delay.
I'm still talking with the pool operator to find out whats going on. I know this has been a miserable two days.
First priority is still getting the pool front end corrected and ensure that nobody has been wasting their hash. The pool operator has ensured me that the hashes are counting and that everybody will be credited. It's a display issue on the front end. I had hoped to update you guys sooner but we ran out of gas last night.
We also hope to have the block explorer ready tonight as well.
I'm still talking with the pool operator to find out whats going on. I know this has been a miserable two days.
First priority is still getting the pool front end corrected and ensure that nobody has been wasting their hash. The pool operator has ensured me that the hashes are counting and that everybody will be credited. It's a display issue on the front end. I had hoped to update you guys sooner but we ran out of gas last night.
We also hope to have the block explorer ready tonight as well.
November 05, 2015, 10:48:19 AM
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.
I spent over 9000 hours in MS Paint creating this helpful diagram to illustrate why this project will never go anywhere.
November 05, 2015, 10:28:54 AM
I know sometimes new coins have issues. I think the DEVs really tried to resolve this one, but I tend to agree, the pool is hosed. I can't get an answer if I'm spinning my wheels mining. I think it's time to stick a fork in this one, it's done..
November 05, 2015, 10:21:57 AM
How is this still going? ICO should have been cancelled with investments returned. It's a failure. They can't launch a working coin to their specifications how are they going to accomplish anything? Yobit should refund all people and delist the coin immediately.
November 05, 2015, 10:02:21 AM
Just wondering if the pool is really working or am I just wasting money (and hash) trying to mine? Nothing is updating, pool says blocks are being found, but nothing is confirming, everything before block 12270 was orphaned. Again, should we be mining?
November 05, 2015, 06:25:27 AM
When is the frontend of the pool going to be fixed?
November 05, 2015, 02:52:55 AM
We will see, coin is looking good, ico not to expensive 
November 05, 2015, 02:10:30 AM
effective fix and good recovery, coin mining beautifully . definitely worth watching , i think the ICO is gonna be hot these last few hours
November 05, 2015, 12:54:05 AM
November 05, 2015, 12:52:55 AM
When ICO end?
November 04, 2015, 11:54:14 PM
Good work. This coin looks better every day.
November 04, 2015, 11:33:38 PM
November 04, 2015, 11:03:29 PM
Pool is up and accepting shares and finding blocks.
November 04, 2015, 10:26:52 PM
Okay. Looks like we're synced. We'll need everybody to clear their blockchains and resync (keep your wallet.dat) This will get everybody on the right chain.
I think we've about got it.
I think we've about got it.
November 04, 2015, 10:15:32 PM
Quote
Total Coin Supply: 70,000,000 XMT
ICO Offering: 50,000,000* XMT
ICO Price: 0.00000200 BTC / XMT
ICO Period: 7 Days
Buy Wall: 100%
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
ICO Offering: 50,000,000* XMT
ICO Price: 0.00000200 BTC / XMT
ICO Period: 7 Days
Buy Wall: 100%
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
And apparently there are still some unresolved issues
Good luck dev
Thank you.
We have decided that we will be burning whatever % of the development premine that doesn't sell in the ico.
So if we only sell 10% of the ico (yeah we're optimists) we'll burn 90% of our development premine. No reason for us to hold that big much percentage of coins. OP is going to be updated to reflect that information.
We're still working on getting the pool synced. Apologies for the wasted hash.
November 04, 2015, 10:04:35 PM
Quote
Total Coin Supply: 70,000,000 XMT
ICO Offering: 50,000,000* XMT
ICO Price: 0.00000200 BTC / XMT
ICO Period: 7 Days
Buy Wall: 100%
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
ICO Offering: 50,000,000* XMT
ICO Price: 0.00000200 BTC / XMT
ICO Period: 7 Days
Buy Wall: 100%
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
And apparently there are still some unresolved issues
Good luck dev
November 04, 2015, 10:02:56 PM
The last block on the pool is 12273 but a getmininginfo on the wallet shows the block at 12211
I hope we didn't fork it.
I hope we didn't fork it.
I'm talking with the coin devs right now, we're working on making sure the nodes are getting synced up. Sorry for everybody's wasted hash so far. We're on it.
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