Has the project website ( http://sigilplatform.com) changed? Because I tried to access for more information about SGL but returned the following information:
This web page is parked for FREE, courtesy of GoDaddy.com.
To all new eyes: DO NOT BUY THIS COIN. Devs are no good. They stake 1.1MM/2MM of the premine. They own about 50% of the total supply. They don't address concerns. I foolishly mined some of these coins recently, been regretting ever since. Had potential, but it's been corrupted. Total waste.
Can anyone who is neutral here confirm these allegations? If it's true it is not really worth looking at this further let alone buying it.
I am not going to lie, I am a bit jealous of all those Android users being able to mine on their phones already. I do hope Apple allows the app soon on their store. In the meantime, the Electroneum team shared this article on their FB for those that may be interested in reading a beginners guide to mine ETN on an Android device: "Nice little mention by Forbes- https://www.forbes.com/sites/jasonevangelho/2018/03/05/beginners-guide-2-ways-to-mine-electroneum-on-windows/#6f3ea343327b #ETN #Altcoin".
With a high end android device you can mine about $2 per month. I think there is no reason to be jealous.
Can you help me figure out how long it takes to get POS reward?
Depends on your luck. It can be a month or more. Devs are staking with their premined coins and mining about 50% of all POS blocks. POS mining is very difficult at the moment.
I think it's only 40% of the premined coins that are staking.. and i actually don't mind that, as long as it is used for the development of the coin.
It's better to have a slightly smaller amount of a coin that is doing great than have a larger amount of a coin with lack of development..
Yes, devs are staking with only 40% of their premined coins, but they are mining 50% of all POS blocks. If they need more coins, why didn't they take more at the beginning? There is no motivation to keep wallets online.
i still find multiple blocks a day with 5000ish coins split in wallets between 250 - 500.
Are you joking? I haven't received any for a week.
Can you help me figure out how long it takes to get POS reward?
Depends on your luck. It can be a month or more. Devs are staking with their premined coins and mining about 50% of all POS blocks. POS mining is very difficult at the moment.
I think it's only 40% of the premined coins that are staking.. and i actually don't mind that, as long as it is used for the development of the coin.
It's better to have a slightly smaller amount of a coin that is doing great than have a larger amount of a coin with lack of development..
Yes, devs are staking with only 40% of their premined coins, but they are mining 50% of all POS blocks. If they need more coins, why didn't they take more at the beginning? There is no motivation to keep wallets online.
Can you help me figure out how long it takes to get POS reward?
Depends on your luck. It can be a month or more. Devs are staking with their premined coins and mining about 50% of all POS blocks. POS mining is very difficult at the moment.
What is the status of premined coins right now? How can one be sure that devs not staking with it? Why premined coins not on 1 wallet but diversed on many addresses? What is current adresses with premine so people can see it's not a scam?
Right now it still looks like a HUGE scam in near perspective.
Yes, devs are staking with their premined coins. You can see it on the richlist. All top addresses with 100k coins are staking. http://www.sigilexplorer.com/richlist