Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DIMI Diminutive Coin HQM1725 VAULTING POW/POS CPU/GPU MINING
by
mony68
on 03/02/2020, 11:02:05 UTC
DEV, you have a strange POS reward value. How are you going to attract investors?
Also, I watched Explorer and see that POS is not working. POS blocks appear very rarely and have a reward equal to Fees. Only POW coins are not relevant right now

I am aware the structure for POS and POW - 50 /50 Either good pos or tx pos - POS is meant to move the blocks either you get a good POS (which is equivalent to the POW lowest amount) or a TX fee POS . POS holders is good to keep connections running but mining will be rewarded higher as they put in effort to mine .  

POS equivalent of 1000 DIMI is needed to be build first in order for POS to function . As this is a low reward coin the feature will be active once this amount is met . Goal is to make a vault type coin , a project an experiment .  If it was a normal output the POS rewarding would have been more frequent but this still has to build up from the coins available  

If I understand you correctly then:
1. At the moment there is only TX fee POS, which only works if there is a transaction and payment Fees.
2. A full-fledged POS with a reward is only possible if 1000 DIMIs are available in one transaction. Apart from the premine, 1000 coins will be mined only after 40,000 blocks, that is, after 1.2 months. And then if we assume that they will be in one person.
In fact, this coin does not have POS in the usual sense. If I'm wrong, correct me.
Another misconception:
Quote
Goal is to make a vault type coin , a project an experiment .
Quote
mining will be rewarded higher as they put in effort to mine
Tell me, who will treasure coin - miners or investors? Who is at greater risk - the miner who immediately sells, or the buyer who keeps and spends his savings on it?