[ANN] Blacknet BLN | Staking | Future of zApp & ZeFi

[Miner232432]

http://bc.crypto-coinz.com is honest pool too

Looking forward to see how this coin does once POW stops, I'd like to buy some to add to my mined balance but all my assets are tied up in other coins while I wait for them to rise also

[Jeezy911]

I never knew about these renting sites, looks like a good play for those good at picking new coins.

[Joerii]

I never knew about these renting sites, looks like a good play for those good at picking new coins.

I'm renting out my rig there right now. That's good to do if you don't have anything in mind to mine. Steady payout !

[ezvm]

http://bc.crypto-coinz.com is honest pool too

Looking forward to see how this coin does once POW stops, I'd like to buy some to add to my mined balance but all my assets are tied up in other coins while I wait for them to rise also

I second that, the pool is good for sure. I'm using them for now, but seems like their website keeps getting ddos attacks. They seem honest and no shady moves with your coin. Still I have my miners pointed at there servers.

[ezvm]

I never knew about these renting sites, looks like a good play for those good at picking new coins.

I'm renting out my rig there right now. That's good to do if you don't have anything in mind to mine. Steady payout !

You know what I never really rented any miners as I have my own but for this coin I might consider renting some additional MH/s , I want to throw as much Mh/s at it before it goes scarce - Can someone recommend a site?

[y3804]

Renting is (almost) unprofitable right now. Diff is 100, close to 120. I wouldn't suggest doing that. Just scoop up at 15 and keep until Pos.

[y3804]

I never knew about these renting sites, looks like a good play for those good at picking new coins.

I'm renting out my rig there right now. That's good to do if you don't have anything in mind to mine. Steady payout !

You know what I never really rented any miners as I have my own but for this coin I might consider renting some additional MH/s , I want to throw as much Mh/s at it before it goes scarce - Can someone recommend a site?

Just buy them from the exchange. Theyre cheaper then renting and cloud mining.

Edit: to answer your question: leaserig and betarig

[Miner232432]

http://bc.crypto-coinz.com is honest pool too

Looking forward to see how this coin does once POW stops, I'd like to buy some to add to my mined balance but all my assets are tied up in other coins while I wait for them to rise also

I second that, the pool is good for sure. I'm using them for now, but seems like their website keeps getting ddos attacks. They seem honest and no shady moves with your coin. Still I have my miners pointed at there servers.

If you check the announcement on their main page, they were moving servers. I've spoke to the owners a few times in their IRC when the coin launched and they seem a decent bunch, friendly and happy to help with problems.

[allcoin.com]

Guys exchange your BC @ https://www.allcoin.com/trade/bc_btc

[TrollboxChamp]

This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 

[Joerii]

This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 

How does that work exactly though ? I think that needs to be in the OP.

[grandMasterHash]

CryptQuest Blackcoin Pool

http://bc.cryptoquest.net

Here is the deal:

Our target is to reach 150 active workers and at least 200 Mh/s
Once we hit that, every active miner who stays on the pool for the 24 hours after hitting that benchmark will get zero mining fees FOR LIFE.
We have also DOUBLED our already generous 25 BC block finder reward to 50 BC until when we hit our goal.

Join us and spread the word.

We have updated our wallet and are prepared for the hard fork at block 5000

[dokom]

https://www.mintpal.com/voting

I've asked them to put Blackcoin for voting and now you can all help get it on mintpal!!

[TrollboxChamp]

This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 

How does that work exactly though ? I think that needs to be in the OP.

+1

http://en.wikipedia.org/wiki/Proof-of-stake

[SCryptoMiners]

This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 

How does that work exactly though ? I think that needs to be in the OP.

+1

http://en.wikipedia.org/wiki/Proof-of-stake

Thanks for the link

[Miner232432]

This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 

How does that work exactly though ? I think that needs to be in the OP.

Basically it's a lottery, each coin you hold can be considered a ticket. Every 60 seconds a "ticket" will be drawn to be the miner and the miner gets his reward. The probability of having one of your coins picked depends on amount of coins you hold and amount of total coins minted, for the start of POS it would be n/1bil * 100 where n = coins held

If you're not connected to the network then you can't have the chance for your coins to be picked and it will roll over to another coin on the network

[rsx19]

This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 

How does that work exactly though ? I think that needs to be in the OP.

Basically it's a lottery, each coin you hold can be considered a ticket. Every 60 seconds a "ticket" will be drawn to be the miner and the miner gets his reward. The probability of having one of your coins picked depends on amount of coins you hold and amount of total coins minted, for the start of POS it would be n/1bil * 100 where n = coins held

If you're not connected to the network then you can't have the chance for your coins to be picked and it will roll over to another coin on the network

so the rich will get richer?

[TrollboxChamp]

This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 

How does that work exactly though ? I think that needs to be in the OP.

Basically it's a lottery, each coin you hold can be considered a ticket. Every 60 seconds a "ticket" will be drawn to be the miner and the miner gets his reward. The probability of having one of your coins picked depends on amount of coins you hold and amount of total coins minted, for the start of POS it would be n/1bil * 100 where n = coins held

If you're not connected to the network then you can't have the chance for your coins to be picked and it will roll over to another coin on the network

so the rich will get richer?

If thats how you wanna look at it

[artiface]

This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 

How does that work exactly though ? I think that needs to be in the OP.

It has been explained several times in the thread.

After 10000 blocks there will be no more mining rewards.  From that point all blocks will be generated via proof-of-stake.  

[The] proof-of-stake system is based around the concept of "coin age," a measure of the product of the currency amount held times the amount of time it has been held for. When generating a proof-of-stake block, the user sends some money to themselves, consuming their coin age in exchange for a preset reward. This minting transaction becomes more likely to succeed over time until a valid block is found, generating a new block on the blockchain and a payout for the proving user. This process secures the network and gradually produces new coins over time without consuming significant computational power.

In this coin you coins are eligible to produce 1% stake interest every 8 hours.  

so we send coins to oursselves to make 1%? i dont get it

All you have to do is keep your wallet running with coins in it.  Coins will automatically attempt to generate stake until they succeed.  The staked coins and the newly generated coins will then go to the stake line in your wallet until the stake is confirmed after 520 blocks then they will return to your balance.  Any coin that has been in your wallet for more 8 hours will be eligible to generate stake.  This process will replace mining and generate 1% interest compounded as much as every 8 hours.

rat4 said 1% nominal interest, but when compounding at 8 hour intervals the real interest rate will be much higher.   But you have to have coins in your wallet to stake.  And after about 5.5 more days  no more coins will be mined so the only way to get coins will be to buy them.

[Jeezy911]

This coin is gonna blow up once people realize they can mine it just by holding it in their wallet 

How does that work exactly though ? I think that needs to be in the OP.

Basically it's a lottery, each coin you hold can be considered a ticket. Every 60 seconds a "ticket" will be drawn to be the miner and the miner gets his reward. The probability of having one of your coins picked depends on amount of coins you hold and amount of total coins minted, for the start of POS it would be n/1bil * 100 where n = coins held

If you're not connected to the network then you can't have the chance for your coins to be picked and it will roll over to another coin on the network

When you say connected to network, you mean just having the coins in your storage? If so, does this require the wallet to be open and unlocked at all times?