[SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily - page 38.

Suresh Matsui

full member

Activity: 168

Merit: 100

Quote from: napoleon2121 on April 16, 2014, 03:11:17 AM

POOL FOR SPEEDCOIN

http://multi.poollersunited.com

STRATUM and VARDIFF

1% FEES To Keep The Pools Running

FULLY AUTOMATIC POOL

51 DAYS UPTIME

SING UP RELAX AND ANJOY WE DO THE REST FOR YOU

THE POOL speed.poollersunited.com IS CLOSING IN 12 HOURS

IF YO DON'T GET YOUR COINS WE ARE GONNA MANUALLY SEND TO YOU

Nice site update!

napoleon2121

sr. member

Activity: 266

Merit: 250

POOL FOR SPEEDCOIN

http://multi.poollersunited.com

STRATUM and VARDIFF

1% FEES To Keep The Pools Running

FULLY AUTOMATIC POOL

51 DAYS UPTIME

SING UP RELAX AND ANJOY WE DO THE REST FOR YOU

THE POOL speed.poollersunited.com IS CLOSING IN 12 HOURS

IF YO DON'T GET YOUR COINS WE ARE GONNA MANUALLY SEND TO YOU

Suresh Matsui

full member

Activity: 168

Merit: 100

Quote from: alinda on April 15, 2014, 10:25:01 PM

Quote from: Suresh Matsui on April 15, 2014, 10:03:07 PM

Quote from: WolfLee84 on April 15, 2014, 08:20:24 PM

Quote from: Suresh Matsui on April 15, 2014, 08:00:44 PM

If anyone received interest payments, please post here!

Similarly, if anyone did NOT receive expected interest payments then post about that too!

+1 to received interest payment

Amazing to hear this!

NEXT INTEREST PAYMENT WILL BE ISSUED ON 17TH APRIL AT 2AM GMT

hello....if we mining use mining pool. interest payment will be paid to mining pool wallet not to my wallet ?

This depends on if the pool has paid out your coins to your wallet before the 2AM cutoff point. If this is the case, then you will get the interest. However if the pool is holding your coins, then the interest will be paid to the address your coins are in. It is up to the pool to keep a track of interest and pay you.

alinda

hero member

Activity: 887

Merit: 500

Quote from: Suresh Matsui on April 15, 2014, 10:03:07 PM

Quote from: WolfLee84 on April 15, 2014, 08:20:24 PM

Quote from: Suresh Matsui on April 15, 2014, 08:00:44 PM

If anyone received interest payments, please post here!

Similarly, if anyone did NOT receive expected interest payments then post about that too!

+1 to received interest payment

Amazing to hear this!

NEXT INTEREST PAYMENT WILL BE ISSUED ON 17TH APRIL AT 2AM GMT

hello....if we mining use mining pool. interest payment will be paid to mining pool wallet not to my wallet ?

Suresh Matsui

full member

Activity: 168

Merit: 100

Quote from: WolfLee84 on April 15, 2014, 08:20:24 PM

Quote from: Suresh Matsui on April 15, 2014, 08:00:44 PM

If anyone received interest payments, please post here!

Similarly, if anyone did NOT receive expected interest payments then post about that too!

+1 to received interest payment

Amazing to hear this!

NEXT INTEREST PAYMENT WILL BE ISSUED ON 17TH APRIL AT 2AM GMT

WolfLee84

member

Activity: 101

Merit: 10

Quote from: Suresh Matsui on April 15, 2014, 08:00:44 PM

If anyone received interest payments, please post here!

Similarly, if anyone did NOT receive expected interest payments then post about that too!

+1 to received interest payment

Suresh Matsui

full member

Activity: 168

Merit: 100

If anyone received interest payments, please post here!

Similarly, if anyone did NOT receive expected interest payments then post about that too!

Suresh Matsui

full member

Activity: 168

Merit: 100

Quote from: marsandotherplanets on April 15, 2014, 07:06:17 PM

Quote from: Suresh Matsui on April 15, 2014, 06:48:25 PM

FIRST INTEREST PAYMENTS MADE.

Testing interest payments today, I have just made an interest payment with addresses and balances recorded from block 118 to block 1769.

Great stuff, can i ask how you are making the interest payments? are you automating them? and if so how?
Just like to learn more about your coin.

Hope you were able to mine some coin and get some interest for yourself!

The interest payments are fully automated on a high speed server which analyzes the blockchain and makes payments accordingly. Today I kept an eye on interest payments just to keep on top of any issues should they arise, however everything was a success!

marsandotherplanets

newbie

Activity: 27

Merit: 0

Quote from: Suresh Matsui on April 15, 2014, 06:48:25 PM

FIRST INTEREST PAYMENTS MADE.

Testing interest payments today, I have just made an interest payment with addresses and balances recorded from block 118 to block 1769.

Great stuff, can i ask how you are making the interest payments? are you automating them? and if so how?
Just like to learn more about your coin.

Suresh Matsui

full member

Activity: 168

Merit: 100

FIRST INTEREST PAYMENTS MADE.

Testing interest payments today, I have just made an interest payment with addresses and balances recorded from block 118 to block 1769.

WolfLee84

member

Activity: 101

Merit: 10

+1 to https://miningpool.co/ Grin

Using this pool for months, great pool to join, with 5min payouts!

Been watching all the P.O.S. coins & this one looks the best so far!

SpeedCoin (SPC) will pay interest at a rate of 0.137% daily!

Suresh Matsui

full member

Activity: 168

Merit: 100

Quote from: garmin on April 14, 2014, 07:39:07 PM

I don't think anyone is mining but me, I have 246 Grin

.

Well keep mining then Grin

The more you have, the more SPC you get back from interest!

garmin

hero member

Activity: 550

Merit: 501

I don't think anyone is mining but me, I have 246 Grin

.

Suresh Matsui

full member

Activity: 168

Merit: 100

Good to hear that

, give me your SPC address and I'll send you some!

Suresh Matsui

full member

Activity: 168

Merit: 100

Quote from: ethought on April 14, 2014, 06:47:45 PM

Quote from: Suresh Matsui on April 14, 2014, 06:42:51 PM

After careful consideration, I will be increasing interest payments to 50% YEARLY. This is 0.137% interest DAILY. Will be updating OP and main site shortly! Now I hope this is a good reason to use SpeedCoin as a savings account, other coins can't match this kind of network speed, interest rate and flexibility

No changes need to be made on your side, it's all done from mine! Keep mining happily!

Sounds good!

Thanks! Enjoy your SPC!

OP and site now updated! Interest payments will begin as scheduled for Thursday 2AM GMT.

Happy mining!

ethought

legendary

Activity: 1316

Merit: 1000

Quote from: Suresh Matsui on April 14, 2014, 06:42:51 PM

After careful consideration, I will be increasing interest payments to 50% YEARLY. This is 0.137% interest DAILY. Will be updating OP and main site shortly! Now I hope this is a good reason to use SpeedCoin as a savings account, other coins can't match this kind of network speed, interest rate and flexibility

No changes need to be made on your side, it's all done from mine! Keep mining happily!

Sounds good!

Suresh Matsui

full member

Activity: 168

Merit: 100

Quote from: Philll90 on April 14, 2014, 06:26:17 PM

Quote from: Suresh Matsui on April 14, 2014, 06:07:24 PM

Quote from: Philll90 on April 14, 2014, 05:58:35 PM

Quote from: Suresh Matsui on April 14, 2014, 05:44:52 PM

Quote from: Philll90 on April 14, 2014, 05:41:36 PM

That makes the coin even more worse...

Why didn't you just implement POS besides the POW, so there won't be a premine Huh

POW like in the OP (max 1 million coins)
and POS (5% annualy)

I don't get it.
There is no advantage of your premine...

The advantage is that with POS you need to burn your coins and keep your wallet software open. You don't need to do that with SpeedCoin, you simply deposit or mine SpeedCoin at ANY address, and without even needing to keep your wallet open you gain interest payments. You save electricity and use less computer resources.

Maybe you should have done better research...

There are also POS coins (1st gen POS coins like PPC, COMM, etc.), which work without keeping the wallet open. Not like e.g. NXT where staking is used for transaction fees.

So, why such a huge premine?

Coins like PPC need you to keep your coins untouched for a certain amount of time before minting occurs. SpeedCoin allows you to freely move your coins to any address and you'll gain interest no matter what. The pre-mine is for flexible interest payments that PPC and others do not provide.

But with a PoS block generation after 1 day of holding it would be nearly the same. You pay interest also only once per day.

But you would lose interest if you moved any coins with PPC in that day, with SpeedCoin you don't have this disadvantage. Interest paid daily is perfectly fine for this application in my opinion.

Quote from: ethought on April 14, 2014, 06:27:16 PM

Quote from: Suresh Matsui on April 14, 2014, 06:14:17 PM

Thank you

If you or anyone else would like some SpeedCoins, I can send some if you post your address!

Thanks!

Sb6Li6aePBnP7wK8H71ypwRicavRbA2xFW

Sent!

------

After careful consideration, I will be increasing interest payments to 50% YEARLY. This is 0.137% interest DAILY. Will be updating OP and main site shortly! Now I hope this is a good reason to use SpeedCoin as a savings account, other coins can't match this kind of network speed, interest rate and flexibility

No changes need to be made on your side, it's all done from mine! Keep mining happily!

ethought

legendary

Activity: 1316

Merit: 1000

Quote from: Suresh Matsui on April 14, 2014, 06:14:17 PM

Thank you

If you or anyone else would like some SpeedCoins, I can send some if you post your address!

Thanks!

Sb6Li6aePBnP7wK8H71ypwRicavRbA2xFW

Philll90

full member

Activity: 238

Merit: 100

Quote from: Suresh Matsui on April 14, 2014, 06:07:24 PM

Quote from: Philll90 on April 14, 2014, 05:58:35 PM

Quote from: Suresh Matsui on April 14, 2014, 05:44:52 PM

Quote from: Philll90 on April 14, 2014, 05:41:36 PM

That makes the coin even more worse...

Why didn't you just implement POS besides the POW, so there won't be a premine Huh

POW like in the OP (max 1 million coins)
and POS (5% annualy)

I don't get it.
There is no advantage of your premine...

The advantage is that with POS you need to burn your coins and keep your wallet software open. You don't need to do that with SpeedCoin, you simply deposit or mine SpeedCoin at ANY address, and without even needing to keep your wallet open you gain interest payments. You save electricity and use less computer resources.

Maybe you should have done better research...

There are also POS coins (1st gen POS coins like PPC, COMM, etc.), which work without keeping the wallet open. Not like e.g. NXT where staking is used for transaction fees.

So, why such a huge premine?

Coins like PPC need you to keep your coins untouched for a certain amount of time before minting occurs. SpeedCoin allows you to freely move your coins to any address and you'll gain interest no matter what. The pre-mine is for flexible interest payments that PPC and others do not provide.

But with a PoS block generation after 1 day of holding it would be nearly the same. You pay interest also only once per day.

Suresh Matsui

full member

Activity: 168

Merit: 100

Quote from: ethought on April 14, 2014, 05:54:09 PM

Quote from: Suresh Matsui on April 14, 2014, 05:44:52 PM

Quote from: Philll90 on April 14, 2014, 05:41:36 PM

That makes the coin even more worse...

Why didn't you just implement POS besides the POW, so there won't be a premine Huh

POW like in the OP (max 1 million coins)
and POS (5% annualy)

I don't get it.
There is no advantage of your premine...

The advantage is that with POS you need to burn your coins and keep your wallet software open. You don't need to do that with SpeedCoin, you simply deposit or mine SpeedCoin at ANY address, and without even needing to keep your wallet open you gain interest payments. You save electricity and use less computer resources.

---------------------------

By the way, there is a new feature that is available in SpeedCoin to allow you to check the balance of any address directly from SpeedCoin-QT and SpeedCoind! Grin

Run SpeedCoin with the -addrindex and -reindex parameters. This creates an index of address transactions. It's used for tracking confirmed balances of any wallet address.

Once SpeedCoin wallet software has started with those two parameters, you then gain access to the searchrawtransactions RPC command which lists the balance for any SpeedCoin address. No blockchain explorer needed! This can be entered at the Debug Window or on the SpeedCoin-cli program while running the wallet software!

Enjoy!

Nice features!

I actually think this is quite an interesting coin.

Thank you

If you or anyone else would like some SpeedCoins, I can send some if you post your address!

Topic: [SPC][PoF] SaveCoin | Proof of Fund Coin | 64% Interest Annually / 0.137% Daily - page 38. (Read 64624 times)