After some hysterias of buy and sell on the day of launch with miners dumping some thousand of coins, price looks more stable now.
We are working on finishing website and we expect to launch it this weekend.
Also the Virtual Panels platform should be ready for that time, then you can use your coins to rent our modules and get a reward after renting!
We are working on finishing website and we expect to launch it this weekend.
Also the Virtual Panels platform should be ready for that time, then you can use your coins to rent our modules and get a reward after renting!
yesterday website showed 2 days to be launched and today it shows 15 days?
Yes, we had to reset the counter because the platform and the website still need some working
What is up with the block times ? And the confirmation times ? Extremely slow....
Dev needs to continue communication on the forum during and especially right after launch. Net hash-rate for this coin is already down by 66%, from 1.2GH down to 440MH.
C'mon Dev, lets keep this coin rolling
Dev needs to continue communication on the forum during and especially right after launch. Net hash-rate for this coin is already down by 66%, from 1.2GH down to 440MH.
C'mon Dev, lets keep this coin rolling
We are continung to work and the coin is rolling...If someone post something we are here, we cant' answer to our own posts
About slow confirmation times and block stuck at 3817, we really don't know whats happening....
we noticed that the most prolific pool http://ypool.ga/sfc now have zero workers, also if at the moment of writing the network hashrate is 500MH/S.
Today we investigate on whats could be that is slowing the network.
are you being ignorant,trolling or simply decided not to use brains here?
I take a moment to explain how I see the situation and how it feels as I think about it(probably many others as well)
1.people get excited of the coin you did, they start mining it and hashrate goes up --> difficulty raises
2.coin hits exchange, people start mining even more as they feel like they're able to sell the coin and make profit --> difficulty raises even more
3. dev(meaning you) decides to throw 1.5 mil coins in exchange and not even trying to be gentle on selling it, but throws nearly 1 mil right away in sales piling it in pieces of 30-130 k and for the fact that coin is new, not many there really aint too many buyers for the coin and most of those piles just stayes there and dev(again you) lowers price to get them sold any means necessary which affects even more on how profitable coin is to mine. (based on the fact that there's 3817 blocks mined(1 premine and 3567 with 50 coin value after 0 reward blocks) and those 3567 blocks have rewarded 178 350 coins, but the sell wall on cryptopia is currently holding ~1.023 mil coins which simply isn't possible without premined coins)
4. miners don't see point on mining coins especially if it's rental rigs they use and stop mining, but the difficulty has already gone up and it doesn't go down the same speed.
5. the miners that do still mine, take ages to solve a single block cause of high difficulty which means blockchain moves slowly --> confirmation before sellable (6 blocks) and each transaction takes even more time
to put this in simple way, stop dumping premine in big piles with lower price and price raises --> people find it more profitable to mine --> more people mine it --> blocks are found more steadily --> transactions move faster
that's how you could still save the coin. also get the website etc stuff up, to proof that you have actually some intention to develop things around this coin instead of just giving many fancy words that sounds beatiful
my personal oppinion : you should have sticked with the idea of doing ico in first place instead of dumping premine in exchange preventing its value to rise(and that also pretty much makes you look like a guy who's not interested on actually developing long lasting coin, but a simple hit and run scam coin. not saying you're actually trying to scam people and ditch the coin, only that it just looks much like one
EDIT : and as for the difficulty, just for the comparison point to prove my point I make a comparison towards prx excluding the price from it cause that part I already explained before from the part of SFC and I'm not here to promote other coins, just explaining how I see things and laying down the facts
SFC
hashrate ~436 mh
difficulty ~181
block reward 50
PRX
hashrate ~1299 mh
difficulty ~18
block reward 100
