And what happens to the funds?About this matter we consulted for long with active community members and early adopters, and we come with the best possible solutions for the current #midascoin situation.
Since the network is still very young, and there are no third party exchanges yet, the transactions sent user to user are supposed to be very limited (near to 0).
We decided that the pool database, in this situation, will be the KING to getting us back on track.
We will reopen with a blank chain, with the actual number of blocks (1175), without any transactions on it. All the transactions made by pool will be reverted into available balance (including referral earnings) and available for withdraw at the reopening of all services.
But that's not all. Since the pool stopped to account blocks (block number 979) people kept mining for several hours, even after our public announcement, creating a monster unaccounted round of 7.553.459.836 shares.
Those people invested their hashing power to mine MidasCoin, and so we will reward them with all the blocks pushed by the offending chain. This Uber round will be accounted with a payout of
(1175-979)*50 MID that mean 196 blocks * 50 MID = 9800 MidasCoin, + a total of 200 Midas from our pocket, rounding up the super round amount payout, to 10000 MidasCoin.
We are gonna close the stratum(s) soon, so everyone needs to stop mining as soon as possible. Then all the contributor in the super-round shares will be paid proportionally with the 10000 MID payout.
MidasCoin will start at block 1175 at the reopening, with a blank chain (only coinbase) and all the user funds reverted into the pool balance.
ETA is 4-5 days.
And now some numbers of #midascoin.- 2093 members registered on Midaspool.com
http://screencast.com/t/We9auuSxWiC- 300 new registrations everyday (since the pre-announce)
- Peak Hashrate of 31 Ghash/ - Average Hashrate 12+ Ghash.
- Hosted Merchant platform at 0 fee - Accept payment without hosting daemon (paypal style)
- Integrated financial Platform with ATM Debit Card and VCC (virtual credit card)
- Top management team:
http://midaspay.io/the-golden-squad/- Unique distribution system PoM. Unnecessary hashpower increase currency value
- Backed by gold reserve.
- Guaranteed increasing value
- Guaranteed community support helpdesk: 8 hours for low priority - 2 hours for Urgent.
- No Premine. No IPO. No dump on exchanges.
- No exchange on day 1
- 236 MidasCoin already paid through the Referral system.
Websites of the network:
Midaspay.ioMidascoin.ioMidasPool.comapi.midaspay.iomerchant.midaspay.iosupport.midaspay.iosupport.midascoin.ioLegal terms:
Company informationTerms Of ServicesPrivacy Policy#MidasCoin is here to stay for a long time, and is not going anywhere!Support helpdesk still remains active:
http://midaspay.io/helpdeskvia email:
support@midaspay.ioTwitter @Midaspay and #IRC #midascoin on freenodee (accessible using webchat at this link
http://midaspool.com/index.php?page=about&action=chat)
