Quote from: rocoloko on July 08, 2015, 08:47:31 AM

Quote from: R-A-T-E on July 07, 2015, 09:07:12 PM

Quote from: R-A-T-E on July 07, 2015, 02:44:50 PM

We also have burn address now.

Thanks to Earlz.

R9HC5WtHbpoa51NCUAz86XLCmGTbkf45NT

https://gist.githubusercontent.com/Earlz/de3cc5f6ee85c7a69d53/raw/e9b8f53ddadd1677fc2fd2a0f1df8547e08ae408/gistfile1.txt (Version 60)

As for how they're generated, an address is just an irreversible cryptographic hash of a public key. In this case of the burn address, instead of using public key, the value 0 is used. So, the only way you could spend it is if you could generate a private key which had a public key of 0, which is proven to be impossible.

I will burn coins from Appollo program in few hours....(And it will continue every day)

Miner Apollo program (5th day)
https://docs.google.com/spreadsheets/d/1VcZ1JFPb-ADBFQO3ZXmWBFTvuT1l3O7_3GRe8eCQKiE/edit?pli=1#gid=0

We bought 148 313 XRA today. (@21 sat)

Total balance was 946 031 XRA .

I just burned them all.

http://xra.altexplorers.info:3021/address/R9HC5WtHbpoa51NCUAz86XLCmGTbkf45NT

If you have twiter..... retweet.
https://twitter.com/Rate_coin/status/618526001090457600

Multipool is almost ready. I´m going to buy domain. (release in 48 hours)
I will update OP tomorow.

Stay tuned

That is cool. So you burned almost 1.5% of total supply in 5 days.
How long will Apollo program continue?

I´m going to vote too.

Ratecoin is backed by hashes. ( Miner Apollo program)
We have one KNC Neptune (3 TH) for this program.
Unit is earning around 0.0305 BTC per day. ( 0.213 BTC per week)
BTC are exchanged to XRA. ( Yobit exchange)
Bought XRA is burned.

This project will continue until KNC Neptune will not be profitable anymore.... (I guess 3 moths)
We hope it will cut total supply to 50% at least.