Topic: EMBERCOIN [X13, POW/POS] - page 62. (Read 134211 times)

You are super overweight bro. Sorry man. It happened to me multiple times too... Reset your stake (just create a new receive address and send your coins to there and wait 10 hours for them to mature again). They fixed the bug now and it shouldn't happen anymore hopefully!

I just reset my stakes and recombined everything into 1 big stake because the bug is fixed. Yay.

4 MILLIONS EMB IN POS WALLET SINCE SEPTEMBER 18 AND STILL NO REWARDS 


http://imageshack.com/a/img923/3480/5AKa2u.png

A few updates from the Discord channel:

- BUG HAS BEEN FIXED
- NEW WALLET COMING OUT TOMORROW (SUNDAY 11TH).
You can check the countdown here https://www.tickcounter.com/countdown/317254/new-embercoin-wallet-launch

 The rewards will reduce from 7200% to 720% on Nov 1st through Nov 3rd.  Currently, the code does not take into consideration how long you've been staking when the reward reduces, so if you were staking from Oct 20th and got your reward on Nov 5th, you would get 720%, not 7200% up to Nov 1st and 720% after that. However, the devs want to give a "fair" reward for staking across Nov 1st and are hoping to find a way with math to get it done.

Also coins in the old wallets will be burn on Nov 1st.

I want to report my experience here with Embercoin. Not trying to bash, but I have had a very frustrating time, and I am wondering if I am not the only one.

- 09/02/17 - I originally bought 5,080,000 Ember @ 4 Satoshi - started staking.

- 09/08/17 - Received my first stake reward of 6,840,000 - WOO! The price was like 7 Satoshi. Feeling great! Feeling like "I can't lose!" - Tipped JT42 the support guy from Discord 100K ember because he helped me a lot!

- 09/09/17 - I took that stake reward, and my friend bought 4million ember, and we combined it all together into 1 big stake of 15.8 million - Started Staking again. I was told anything under 20 million inputs, should be safe, as the 38.81m bug had JUST been discovered. So I thought 15.8M, I'm good! Wrong.

- 09/14/17 - Still no reward. Under the impression I'd receive the reward a lot faster with nearly 16m coins compared to 5m. I go to discord. I'm told I have hit the 38.81 bug, and to break my stakes back down into 2 or 3 inputs of about 7m each. So I do that. And wait patiently.

- 09/20/17 - Still no reward. 7x6 = 42... My inputs were overweight, Again. I sell off 5.9m coins at this point to recover most of my investment as the price is now 3 or 4 Sats. I go back into the discord. I express my frustrations to the devs. I was belittled and listed as a "Silly Fudder" for pointing out a major flaw that is causing people to mass sell and which was a big reason - I felt - the price was free falling From 10 sats all the way down to nearly 1 Sat as of today. I eventually get banned because I get heated in the conversation and say some probably not so nice things - lol. I was frustrated!

- 09/20/17 - I decide to break up my existing coins into 1 mil inputs. Been staking that ever since, and still no reward on any, but I do expect the rewards to take longer with 1m inputs.... Hopefully not 38.81 days! Lol.

All in all, I was extremely excited about this project, and it has turned into complete and utter frustration and lack of confidence in the developers. The way they handled the discord situation, was pathetic. They crumbled and fell back on their pathetic "Silly-Fudders" moniker, and eventually just banned me from the discord all together.

I'm not coming here to bash this coin. I believe, if they fix the bug, this could and would be a very solid project. But I am also of the belief that the "bug" was by design. They will claim it was existing from the previous dev, which is true, but they could very easily have seen that bug in place, and felt it would be a good way to reduce the ridiculous inflation 7200% APR would cause. I doubt it will be fixed before November 1st. I could be wrong though!

Has anyone else had any similar experiences?