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Topic: [Official ANN]FREELABIT|FBF|Up to 15% Interest|No ICO|POW|Cryptonight - page 11. (Read 29086 times)

jr. member
Activity: 80
Merit: 5
What the best pool so far?

Any pool is ok. If it has higher total hashrate your payouts will be more frequent, but all in all you'll earn the same with your hashrate.
Take a note of fee and payout intervals. Lower fees and longer payout intervals (less TX fees) means you get bigger part of what you earned.
newbie
Activity: 17
Merit: 0
Local pool is better. I use it from cryptonotemining.org.
newbie
Activity: 19
Merit: 0
What the best pool so far?
full member
Activity: 187
Merit: 100
Cryptocurrency enthusiast
have you traded there?

Not yet, but there is info that there're some withdraw issues there, particularly payment id must be blank there, or withdraw won't work. I will make a couple of test transactions and trades in BCN (the cheapest coin for now) today and post the results. Of course, I cannot recommend to keep btc out there for now, as there's even no support contacts provided.

Update:
I've tested a bit. Some BCN was send: HitBTC => Tradeorge => Stocks.exchange. Minimum trade on tradeorge is 0.0001BTC.

http://ibb.co/ejqm1w
http://ibb.co/cfb4ob
http://ibb.co/b3L8EG
http://ibb.co/j2V8EG
http://ibb.co/m7jqTb

Transactions:
Send-out transaction: https://chainradar.com/bcn/transaction/99fffe3b5922d4a89b027c9d970bddc1b4730c1b6f80496f936c6bcc85279d99

All the shots are mine.
full member
Activity: 224
Merit: 102
https://freelabit.network
full member
Activity: 224
Merit: 102
https://freelabit.network
Contact https://twitter.com/TradeOgre for listing, it may be even free for now!
ok already ask them.
have you traded there?
newbie
Activity: 36
Merit: 0
https://opencryptomarket.xyz is live and open for vendor registrations.

As dev mentioned in this post that marketplace is being setup. It can also be seen as dollar/FBF exchange.
You can Register yourself and sell your FBF here.
Yes you can sell your FBF´s and get paid thru coinpayments.net (check FAQ´s on site), also you can sell any item for your FBF´s or any of the 115+ crypto that coinpayments.net accepts.

whats the rate to sell the coins?
open free market, you put your rate.

Token Listing Policy at UPcoin

Our dev team is working hard to add 100 coins as announced. At this stage the dev team decides what coin will be added first, second third and so on.

We are now getting numerous requests from various projects to list their respective coins or tokens. We are processing all such requests and putting all tokens on our to-be-added list.

Once trading begins our dev team will go through the list, review every project and will make a decision. We will also reach out to everyone who contacted us during pre-launch and will inform them about the decision.

Please do not do massive emailing campaigns - this doesn't help the cause and only makes the situation worse. Multiple requests for one and the same coin do not expedite the process; they are processed as one single request.

If you would like to suggest a coin, please send your requests at [email protected]. All inquiries will be processed within 24 hours and a response will be sent.
full member
Activity: 187
Merit: 100
Cryptocurrency enthusiast
Contact https://twitter.com/TradeOgre for listing, it may be even free for now!
full member
Activity: 224
Merit: 102
https://freelabit.network
https://opencryptomarket.xyz is live and open for vendor registrations.

As dev mentioned in this post that marketplace is being setup. It can also be seen as dollar/FBF exchange.
You can Register yourself and sell your FBF here.
Yes you can sell your FBF´s and get paid thru coinpayments.net (check FAQ´s on site), also you can sell any item for your FBF´s or any of the 115+ crypto that coinpayments.net accepts.

whats the rate to sell the coins?
open free market, you put your rate.
jr. member
Activity: 177
Merit: 3
https://opencryptomarket.xyz is live and open for vendor registrations.

As dev mentioned in this post that marketplace is being setup. It can also be seen as dollar/FBF exchange.
You can Register yourself and sell your FBF here.
Yes you can sell your FBF´s and get paid thru coinpayments.net (check FAQ´s on site), also you can sell any item for your FBF´s or any of the 115+ crypto that coinpayments.net accepts.

whats the rate to sell the coins?
member
Activity: 151
Merit: 10
https://opencryptomarket.xyz is working great, I just put up a product of FBF coins there.  Cheesy Cheesy Cheesy
jr. member
Activity: 33
Merit: 1
If the max. supply is 18,446,744,073,709 FBF, why is the reward of mining so low?

~ 150 Coins with 1KH/s

It is based on current difficulty.

Yeah thanks for stating the obvious sherlock.

Why is the difficulty already so high if the max supply is 18,446,744,073,709 FBF?



Answering your original question, on why the mined block reward it´s so "low":

First of all there are a few thing to be considered.

1- Max supply :

Total amount of coins to be emitted: Most of CryptoNote-based coins use (uint64_t)(-1) (equals to 18446744073709551616).
Mind the decimal, its the same amount of units as other cryptonote coins, they put the decimal in a different place.


18,446,744.073709551616     -12  (monero)
184,467,440,737.09551616    -8   (bytecoin)
18,446,744,073,709.551616   -6   (FreelaBit)

2-Block Reward:

Block Reward has been set at 10FBF per block. But mining is not the only source of coin "minting", since new coins are minted on deposits as well, think pos staking..

3-Difficulty doesn´t actually depends or correlate to Total Coin Max Supply....
Actual hashrate does--->> The higher the hashrate the higher the difficulty.

4- 150FBF for 1Kh/s only is not that bad.



Thanks for clarifying.
full member
Activity: 224
Merit: 102
https://freelabit.network
It's interesting to know that Freelabit is still in business! Dev, will there still be the second airdrop? Will it be after some exchange add FBF? I honestly do not understand the difficulty of some exchanges adding this coin, the algo CryptoNight is not so strange.
Yes,  a second airdrop is still pending, shortly after listing.
Most issues exchanges declare is the Privacy feature Cryptonote coins have, we could have been listed on Bisq for free long time ago but they demand that some sort of transparent address as zcash or monero did with their integration there, it´s a great exchange platform because it is decentralized but they require that in order to resolve disputes between traders in case issues arise, in the other hand BarterDEX it´s another great decentralized platform but we need to integrate a couple of bitcoin based functionalities into Cryptonote in order to get listed there too, not an easy task but working on it.
full member
Activity: 224
Merit: 102
https://freelabit.network
https://opencryptomarket.xyz is live and open for vendor registrations.

As dev mentioned in this post that marketplace is being setup. It can also be seen as dollar/FBF exchange.
You can Register yourself and sell your FBF here.
Yes you can sell your FBF´s and get paid thru coinpayments.net (check FAQ´s on site), also you can sell any item for your FBF´s or any of the 115+ crypto that coinpayments.net accepts.
full member
Activity: 224
Merit: 102
https://freelabit.network
We are working on an integration to be listed on BarterDEX decentralized exchange,
as we are seeing more and more centralized exchanges fail.
No ETA yet but hopefully soon.

If someone wants to join in into the integration development please PM me,
we need to integrate bip56 and gettxout in order to be listed on their platform
full member
Activity: 224
Merit: 102
https://freelabit.network
If the max. supply is 18,446,744,073,709 FBF, why is the reward of mining so low?

~ 150 Coins with 1KH/s

It is based on current difficulty.

Yeah thanks for stating the obvious sherlock.

Why is the difficulty already so high if the max supply is 18,446,744,073,709 FBF?



Answering your original question, on why the mined block reward it´s so "low":

First of all there are a few thing to be considered.

1- Max supply :

Total amount of coins to be emitted: Most of CryptoNote-based coins use (uint64_t)(-1) (equals to 18446744073709551616).
Mind the decimal, its the same amount of units as other cryptonote coins, they put the decimal in a different place.


18,446,744.073709551616     -12  (monero)
184,467,440,737.09551616    -8   (bytecoin)
18,446,744,073,709.551616   -6   (FreelaBit)

2-Block Reward:

Block Reward has been set at 10FBF per block. But mining is not the only source of coin "minting", since new coins are minted on deposits as well, think pos staking..

3-Difficulty doesn´t actually depends or correlate to Total Coin Max Supply....
Actual hashrate does--->> The higher the hashrate the higher the difficulty.

4- 150FBF for 1Kh/s only is not that bad.

jr. member
Activity: 33
Merit: 1
If the max. supply is 18,446,744,073,709 FBF, why is the reward of mining so low?

~ 150 Coins with 1KH/s

It is based on current difficulty.

Yeah thanks for stating the obvious sherlock.

Why is the difficulty already so high if the max supply is 18,446,744,073,709 FBF?
member
Activity: 151
Merit: 10
https://opencryptomarket.xyz is live and open for vendor registrations.

As dev mentioned in this post that marketplace is being setup. It can also be seen as dollar/FBF exchange.
You can Register yourself and sell your FBF here.
member
Activity: 151
Merit: 10
If the max. supply is 18,446,744,073,709 FBF, why is the reward of mining so low?

~ 150 Coins with 1KH/s

It is based on current difficulty.
full member
Activity: 412
Merit: 100
Que sera sera
http://freelabit.cryptonight.me/

fee: 0.5%
payout: 15 mins
minimum: 1

come join us, one of the most stable pools for Freelabit Smiley
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