Post
Topic
Board Announcements (Altcoins)
Re: [AXIOM] AxiomMemHash, Schnorr Sigs, 8/3 Status Update, AxiomPOS 3.0, AXH 2.0
by
chesthing
on 05/08/2015, 05:16:39 UTC
I'm going to ask this once more; does the dev have any ideas other than cpu mining and fake volume for this coin? I swear, I will never post again if he doesn't respond (this thread wouldn't be worth the time).

Hi Chesthing, It's obvious to us you haven't read the ann, or that you're just trying to passively imply that we've done these things you state we have so that newcomers to the thread are put off by your statements as the price continues to approach initial listing values. The volume is not fake, and the amount of people visiting this ann clearly defines that. We have many plans, one of which is to completely revamp current POS technology and fix several known exploits, the other is to continue to harden the algorithm against asic and gpu technology. We're also looking in to other forms of encryption to further the coin from the NSA tech that most coins are derived from.

Ok, I'm impressed - I simply selected "engage miner" and my cpu has already mined 10 coins today. This is a big deal, sorry I didn't do much research.

I believe what you did was "stake", not POW mining. The "engage miner" I believe renders minimal -if any- result in a normal CPU (and so does the enhanced system with NiceHash), nowhere near 10 coins a day. The POS staking is different and the results are much, much better... depending on how many mature coins you have staking. Those "mined" 10 coins are staked coins. 200 or more coins per day are to be expected if you have a balance around 20-25k mature axiom.

By way of comparison, a NiceHash system with a non-recent computer (SSE), would  mine around 20-25,000 sat in 24 hours... less than any decent faucet... Not worth it at all.

I bought my first coins 3 hours ago, it says "not staking because coins are not mature" - I'm assuming they came in because my cpu was mining them.