Post
Topic
Board Announcements (Altcoins)
Re: [ANN][WOLF] InsanityCoin - coin for investors and traders
by
ZeroK
on 23/02/2014, 06:52:16 UTC
sent you some btc-with the public labeled address
How canyou mine?? solo  or  pool??

any one has a pool??can you tell me ?
InsanityCoin has no mining reward. There is no block reward and the transaction fee of 10% is destroyed, not given to miners.

The current methods of obtaining the coin are via InsanityDev, or on https://poloniex.com/exchange/btc_wolf

If you still wish to mine to secure the network, I believe solo is your only option.
So here is the part I don't understand,  I bought some on Poloniex,  and the QTY I bought remained the same, So does this mean that the WOLF has stayed stationary inside Poloniex,  however ownership has shifted in some table on a database, and that when I withdraw the coins they will be subjected to the 10% reduction?
Yes. Poloniex tracks WOLF ownership using its own methods without changing the block chain until withdrawal.

Only transactions on the block chain are subject to the 10% transaction fee, which Poloniex transactions are not, except withdrawal.