Pages:
Author

Topic: VIRTUAL MINING COIN [VMC] | OUR MINED 410 PAYCOINS [XPY] IS ARRIVED!!! - page 19. (Read 146033 times)

hero member
Activity: 532
Merit: 500
How many do we have hashpoints right now??!

I can't login at the moment, but yesterday we had 61.639.
sr. member
Activity: 536
Merit: 251
How many do we have hashpoints right now??!
hero member
Activity: 532
Merit: 500
I am finding this whole concept quite confusing. I have a few VMC - how do I trade them in for MH?

And how much would I get for say 100k VMC?

Hi!

Please read the first post for the information you need.

Hi

I've read it several times but it's just not clear.

Well I understand how to redeem them. But not sure how the process works after that?

The truth is that redeem is not working now. Dev is changing rules all the time - first redeem limits, now reedem stoped and future is unclear. Today all the MHs are Dev private mining power.

What private mining power you talking here???
hero member
Activity: 574
Merit: 504
I am finding this whole concept quite confusing. I have a few VMC - how do I trade them in for MH?

And how much would I get for say 100k VMC?


Currently reedem is on HOLD, because our security mining power on ZenPortal is mining HashPoints now.
We will convert those HashPoints to HashCoins after the 24th of november, when it is enabled on Zenportal...


Unfortunately until that time We cannot finance reedem due to lack of fund. Sad

Anyway, You can calculate the reedem price of VMC, based on actual BTC price, actual security mining power value (MHS amount) on ZenPortal and Total available VMC supply (Total supply - Reedemed VMCs)

So at this moment it looks like this:

Actual MHS amount: 196MHS
Actual price of 1 MHS ZenHashlet: 14.95$
Actual BTC price: 382.48$
Actual Total available VMCs: 88.000.000 (100million - 12million)


((196MHS*14.95$) / 382.48$) / 88.000.000 = 0.00000008(705...)  BTC

That means reedem price of 1 VMC would be ~ 0.00000009 BTC at this moment.
So your 100.000 VMC would worth: 0.009 BTC

But as i mentioned above, REEDEM is ON HOLD now !


I suggest You to HOLD your VMCs for a few weeks from now...
New features and BIG NEWS are coming after the date of 24th of November.


We are working in the background on a few cool things to make VMC value increase !





OK thanks for the info. I'll hold for now Smiley
full member
Activity: 143
Merit: 100
sr. member
Activity: 448
Merit: 250

The truth is that redeem is not working now. Dev is changing rules all the time - first redeem limits, now reedem stoped and future is unclear. Today all the MHs are Dev private mining power.

Dear Xinwao

I kindly ask You NOT TO BE a scaremonger and DO NOT SAY rumors plz.

Security Mining Power is for VMC and absolutely NOT DEVs private mining Power !!!
We report our HashPoint balance frequently and will use ALL OF THE HASHCOINS for building some more VMC Security !!!


It is a fact that these days have been some changes.
And also more to come. (CryptoWorld is changing, we follow)

Future could be unclear for You now, i admit, because we havent announced our plans yet.
It will be happen in a few days or a week...

Little more patience please...

We are true and honest DEV Team.
Havent fled with the security amount and have paid for all the reedems (mostly even for You XinWao) so You Guys can trust in the Team.
sr. member
Activity: 448
Merit: 250
I am finding this whole concept quite confusing. I have a few VMC - how do I trade them in for MH?

And how much would I get for say 100k VMC?


Currently reedem is on HOLD, because our security mining power on ZenPortal is mining HashPoints now.
We will convert those HashPoints to HashCoins after the 24th of november, when it is enabled on Zenportal...


Unfortunately until that time We cannot finance reedem due to lack of fund. Sad

Anyway, You can calculate the reedem price of VMC, based on actual BTC price, actual security mining power value (MHS amount) on ZenPortal and Total available VMC supply (Total supply - Reedemed VMCs)

So at this moment it looks like this:

Actual MHS amount: 196MHS
Actual price of 1 MHS ZenHashlet: 14.95$
Actual BTC price: 382.48$
Actual Total available VMCs: 88.000.000 (100million - 12million)


((196MHS*14.95$) / 382.48$) / 88.000.000 = 0.00000008(705...)  BTC

That means reedem price of 1 VMC would be ~ 0.00000009 BTC at this moment.
So your 100.000 VMC would worth: 0.009 BTC

But as i mentioned above, REEDEM is ON HOLD now !


I suggest You to HOLD your VMCs for a few weeks from now...
New features and BIG NEWS are coming after the date of 24th of November.


We are working in the background on a few cool things to make VMC value increase !



full member
Activity: 171
Merit: 100
I am finding this whole concept quite confusing. I have a few VMC - how do I trade them in for MH?

And how much would I get for say 100k VMC?

Hi!

Please read the first post for the information you need.

Hi

I've read it several times but it's just not clear.

Well I understand how to redeem them. But not sure how the process works after that?

The truth is that redeem is not working now. Dev is changing rules all the time - first redeem limits, now reedem stoped and future is unclear. Today all the MHs are Dev private mining power.
hero member
Activity: 574
Merit: 504
I am finding this whole concept quite confusing. I have a few VMC - how do I trade them in for MH?

And how much would I get for say 100k VMC?

Hi!

Please read the first post for the information you need.

Hi

I've read it several times but it's just not clear.

Well I understand how to redeem them. But not sure how the process works after that?
hero member
Activity: 532
Merit: 500
I am finding this whole concept quite confusing. I have a few VMC - how do I trade them in for MH?

And how much would I get for say 100k VMC?

Hi!

Please read the first post for the information you need.
hero member
Activity: 574
Merit: 504
I am finding this whole concept quite confusing. I have a few VMC - how do I trade them in for MH?

And how much would I get for say 100k VMC?
sr. member
Activity: 448
Merit: 250
HashPoint update:

Our current balance is over 57000 HashPoints
Valued more than 140 HashCoins !!!   ~ 2800$  Shocked Cheesy Grin
sr. member
Activity: 448
Merit: 250
Any news?!

I dont think we may have news yet until the days that leads to the 24th of Nov.
So I am guessing by that time VMC will have 200 Hashcoins as a form of an asset.
The question is how are these Hashcoins will be redeemed? I am suggesting that redemption should not be automatically calculated as 20 USD per coins but at a much lower rate.
I hope the team can suggest a VMC:HC ratio that is being planned out. Please plan this out well, this can be the way VMC will be back on track!


Thanks.

Is the 24th of Nov the date when the coin will again be alive? The date when it's the only interesting feature - reedem - will again be available?


Actually Nov. 24 is the date of HashPoints reedem for HashCoin.
We are waiting for this date to see how our security is growing exactly.

In the meantime we are working with a new feature for VMC !
A few more days patience please...

Wil be announced here in details, when it is worked out completely...


Anyway:
Our Hashpoints income is about 3000 HashPoints / day
Exact numbers with our current amount will be displayed here soon...
full member
Activity: 171
Merit: 100
Any news?!

I dont think we may have news yet until the days that leads to the 24th of Nov.
So I am guessing by that time VMC will have 200 Hashcoins as a form of an asset.
The question is how are these Hashcoins will be redeemed? I am suggesting that redemption should not be automatically calculated as 20 USD per coins but at a much lower rate.
I hope the team can suggest a VMC:HC ratio that is being planned out. Please plan this out well, this can be the way VMC will be back on track!


Thanks.

Is the 24th of Nov the date when the coin will again be alive? The date when it's the only interesting feature - reedem - will again be available?
legendary
Activity: 1764
Merit: 1000
Any news?!

I dont think we may have news yet until the days that leads to the 24th of Nov.
So I am guessing by that time VMC will have 200 Hashcoins as a form of an asset.
The question is how are these Hashcoins will be redeemed? I am suggesting that redemption should not be automatically calculated as 20 USD per coins but at a much lower rate.
I hope the team can suggest a VMC:HC ratio that is being planned out. Please plan this out well, this can be the way VMC will be back on track!


Thanks.
sr. member
Activity: 536
Merit: 251
sr. member
Activity: 448
Merit: 250
How much do we have hashpoints now?

Currently we have 41000 HashPoints !!!
Its valued more than 100 Hashcoins... Smiley
sr. member
Activity: 536
Merit: 251
How much do we have hashpoints now?
hero member
Activity: 532
Merit: 500
Bitwarrior!

The time, when we can redeem our haspoints to hascoin is: 2014/11/24

hero member
Activity: 532
Merit: 500
Hi Guys!

Here is the hashcoin whitepaper. Interesting:

https://hashcoin.com/white-paper
Pages:
Jump to: