Guys, all this confusion/complaints have been caused by a (seemingly) minor detail which however is EXTREMELY important for some of our fellow miners :
NOWHERE in the coin's ANN is it stated that there will be a coin swap.

If you take your time and read the ANN as well as visit github (which you should for ALL new coins lol) the only info about this swap is at the very bottom of the readme.md

Yes,  OF COURSE some of us are well informed and most likely visit the forums daily, and perhaps are signatum holders so we have been watching the signatum 2.0 thread and know all about this.

BUT IF you are a casual reader, don't hold sigantum and have no interest in it, and come upon the STRAKS ANN it is so easy to......miss it, this tiny bit of HUGELY IMPORTANT information.

All you will see is a new coin, intreresting algo, good emission/supply, and thus start mining it (perhaps). Without even looking closely at the readme posted at github, and read it ALL THE way to the bottom. And so you end up being trapped, in a HARD to mine coin with low reward per block + high starting difficulty (cause of all the other over-eager miners as yourself).
And as you are mining, and collecting 1-2 or 5-10 coins a day or something, you then (most likely by accident) discover about the incoming swap and the fact of ALMOST 34m stak coins about to hit the market in the coming weeks.

Guys, it is NOT the dev's fault. They focused on the new coin and its interesting specifications and OFC they informed about the coming swap....at the very bottom of the readme on github. And it is understandable that they want to market their good work which went on this coin, not talk about signatum any more.


This cannot be changed now ofc, not because one of us, or 5 or 100 ppl didin't read the whole thing on github and thus missed this VITAL part of information.


YES, almost 34m million stak will hit the market in next month or so
YES, you have been throwing hash at a seemingly new and difficult coin, expecting 1$ and 3$ and IDK how many $$ initial value.
YES, you perhaps have been spending BTC at nicehash to get this difficult coin , expecting 1$ or 5$ value.

Nothing can be done about it, just get out now so you dont waste more resources, and hope that the coin hits the exchange BEFORE the swap. Then you will (maybe) be able to "fool" some other buyers/traders which will purchase if for such price who don't know of the 34m incoming coins that will flood the market soon.


And people, pls STOP trying to estimate the coin's value based on the current mining difficulty vs profitability and THEN make the EVEN bigger mistake of comparing it to the current value of signatum and the 4:1 ratio. OFC anything can happen but......with 34m coin flood, the most likely scenario is for straks to drop to 20-40 satoshi first, before it can have any hope of recovery. I hope I am wrong on this.


Disclaimer: I have never mined signatum,I am NOT a signatum holder and out of plain luck (read the signatum2.0 thread before this ANN) I have NOT started mining STRAKS. Otherwise I would be in the same boat as you guys.