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

[lonely@thetop]

MINTCOIN WAS PREMINED lol

But, Mintcoin has better graphics. 

True, we need new logo and a website.

I'm putting 1k BC up for logo bounty.

[LancienMaleAlpha]

Can I have an answer plz, when will be able to POS?

When the POW stop?

And what is the Maximum supply ?

   Ty my blackos  

[CoinBitch]

Are people still confused over Prince of Wales and Prince of Sudan?

im still confused, to get only 1% Prince of Sudan Profit in ONE year. I know compound-interests are added, but this will make me rich maybe in 307 years.....

[alx0r]

Anyone know how to get in touch with someone working with hashfever.com. No one answer to contact form mails

[Turpomann]

Are people still confused over Prince of Wales and Prince of Sudan?

im still confused, to get only 1% Prince of Sudan Profit in ONE year. I know compound-interests are added, but this will make me rich maybe in 307 years.....

Are you not talking about Idi Amin here or what? The Last King of Scotland?   Carry on...

[ezvm]

Oh $#%^ he's back for more guys, hide your Blackcoin!


http://www.youtube.com/watch?v=bM828UgEk90

[sevoque]

I'm afk for a few days, coincidently i will be back at the same time we hit 10k blocks. I will still be on forums throwing up racial slurs and discussing the prince of Wales/Sudan situation

[asdlolciterquit]

As has been said a thousand times in this thread it is 1% nominal interest.  That 1% can be compounded as much as every 8 hours.   If you don't understand what compound interest means then go look it up.  If you don't think that will be enough POS then don't bother, leave it to the people who actually understand.  

I don't really understand it because of the randomness nature of it. Could you tell me if I have lets say 0.1% of the total coins i.e. 100k BC, and the PoS begins, how many am I expected to have after 10 days? 100 days? year?

Thanks!

look, after a years you can without any big problem use simple interests of 1%.

So, 100k*(1,01)=101k,something...

No, I dont' think that's what artiface said.

uhm...even i you use compound interest, is very little more than 1% per year.

[SCryptoMiners]

@scryptominers - Something up? Payouts look like they stopped for a little bit (can't tell how long).

Needed to clear up an error before payouts would resume, all back to normal now

[SCryptoMiners]

In a sense it's like pyramid scheme. Not literally, but works the same way. You must be very early adopter to get lot of coins. After PoW mining is done, those that have lot of coins get much more PoS interest than those that have less coins. Early adopters get more coins, more interest. It's only fair to those that are in the game very early. The whole consept is flawed. You can of course try to buy yourself in, but why bother?

It's like any other new coin where the difficulty sky rocketed shortly after it's launch.

The early miners took a chance on a new coin, and they will be rewarded if they are patient. They risked their mining hours on a new coin that nobody knew what the future would hold. They deserve to be rewarded for that.

Miners who jump in after a coin is proven to be valuable and exchangeable for BTC, will not make out as well as the early adopters as the risk is much lower now that the coin is selling at a BTC value. If the coin ended up being worthless, the early adopters would have wasted their hashing power and lost money. Try to look at it from this point of view.

Also, to what I highlighted in red above, the rates at which this coin is selling in large amounts is very low at the moment, imo. There are a large amount of miners who treat mining any coins purely as a business. They set what they expect their profit to be and that's where they sell their coins. They don't look further into the future than more than a few hours for the most part (that's not their business model).

That is the only reason these coins are still selling very cheap.

This coin is meant to be a POS coin, not POW. This is only the initial distribution, remember that. When POW stops, things will get very interesting.

My prediction is that we'll see a minimum of 5000 satoshis per coin in the days / weeks ahead.

Scryptominers, you're the best. This is why I always mine with you guys. No nonsense, no bullshit. Thank you!

Thank you for your kind words

[Chiggins]

@scryptominers - Something up? Payouts look like they stopped for a little bit (can't tell how long).

Needed to clear up an error before payouts would resume, all back to normal now

Ahh I see, back up. Thanks for the update. You guys are great, glad I hopped into this pool to begin with.


Just wish I had more hash power to contribute, but oh wells.

[vlight]

How many total BC coins there will be, and how many is already mined?

And when it is fully mined the yearly inflation is 1% with PoS?

Thanks.

[flounderella]

No premine. Well, count me in
Rooting for you...

[maccd123]

i think the coin have forked on greekpool
the dev should take a closer look

Why you think so?

Probably has 9 Kh/s mining it.

[BitcoinStacker]

I think this coin will hit 10k/20k Sat each next week ,what do you guys think?

[lonely@thetop]

SCryptoMiners,

Just wanted to thank you guys for setting up a fair and reliable pool from the very beginning. Many times a new coin is riddled with scam pools or pools with incompetent devs that can't keep their servers up. Been with you 4 minutes since coin launch and 0 problems. If this coin makes it big it will be in a big part because of you.

[Miner232432]

How many total BC coins there will be, and how many is already mined?

And when it is fully mined the yearly inflation is 1% with PoS?

Thanks.

10,000 blocks

10,000 coin per block

So 100,000,000 coins

Roughly around 30 to 40% mined (go see blockchain info to find real number and just multiply it by 10,000)

[maccd123]

This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!

cry

[davetheshrew]

diff at 114, we have now hit master level. Estimated next diff 146....level:insanity

[artiface]

As has been said a thousand times in this thread it is 1% nominal interest.  That 1% can be compounded as much as every 8 hours.   If you don't understand what compound interest means then go look it up.  If you don't think that will be enough POS then don't bother, leave it to the people who actually understand.  

I don't really understand it because of the randomness nature of it. Could you tell me if I have lets say 0.1% of the total coins i.e. 100k BC, and the PoS begins, how many am I expected to have after 10 days? 100 days? year?

Thanks!

look, after a years you can without any big problem use simple interests of 1%.

So, 100k*(1,01)=101k,something...

No, I dont' think that's what artiface said.

uhm...even i you use compound interest, is very little more than 1% per year.

Do the math.  If you compound 1% 3 times a day you're actually getting about 120% in one month.  Again it's highly unlikely that your coins will stake every 8 hours, but even if your coins stake 1%  10 times in a year, that comes out to 10% real interest.