Quote from: ZloiRediska on March 18, 2019, 06:46:12 AM

Why do I have when trying to mine metamax generates a transaction with an erroneous (expensive) cost of gas? Already ten times in a row...

Metamask will sometimes show an error because it thinks the transaction will fail, but in fact if you set gas price high enough the transaction will likely go through. Just send the transaction despite the alert and it'll probably work.

Quote from: ZloiRediska on March 18, 2019, 09:24:00 PM

I just talked to a friend about this coin and he asked me a question . I quote the text from the first page of this thread:

Quote from: rothbartofficial on March 06, 2019, 09:15:57 AM

If user A calls the mint function with as gas price of 2 Gwei and user B sets gas price to 4 Gwei, user A's transaction will likely end up second in the block and user A will receive the coins (it depends however on the algorithm the miner uses to select and sort transactions).

I was sure that the coins received by the one who pays above the price of the Gwei. But because the description says that "User A" was sending a transaction with Gwai 2 and "User B" transaction was with Gwei 4... and it is claimed that "User A" can also get the Sov coin. How could that be?

Your friend was right, there was an error in ht post. Actually User B receives the coin. Fixed now!

Quote from: Bradsbrain on March 18, 2019, 09:04:18 AM

I agree with what the previous poster said. STAY AWAY FROM THIS COIN. It is exclusively mined by 2 contracts and the one that submits transactions every few seconds has block priority at one of the biggest pools, sparkpool. No matter what gas you use, they will still be awarded a higher block position and you will fail to mine the coin and lose your money. This coin is not sound money, not fairly mined, and is already extremely imbalanced. Also, the metamask extension never uses the proper gas limit, and even though every single transaction from the two scripts that are mining this coin only uses 52,000 gas, when i set my limit at 55,00 gas my transaction fails for reaching the gas limit. Yet, somehow, when i look at the previous 100 transactions, every single one of them only used 52,000 gas. There is something shady about this coin. Stay away

I don't think the part about spark pool is true. SOV is not important enough to draw the attention of any major pools yet. It could be that spark pool doesn't sort transactions by gas price though.

Regarding distribution, that should get much better over time. Right now, there's simply few people interesting in minting SOV, and those do mint a lot of SOV. The biggest holder has ~450 SOV right now, that's 0.004% of future total supply. Over time this will will dilute heavily.

Also, two CLI miners are publicly available:

https://github.com/soundmoneycoin/sov-minter-cli
https://github.com/soundmoneycoin/sovminer-python

The only question is if you want to invest all the gas fees for minting, it will add up to a lot of ETH over time.

rothbartofficial

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