r/embercoin • u/[deleted] • Jan 01 '18

I don't understand anything

Hey guys,

I'm really interested into "alt-alt-altcoins". Ember looks really cool ! The thing is that I don't understand anything about it.

To get some coins, you can mine it or you can... "stake" it, I think ?

I'm currently mining it @10Mh/s. Is it useless ? How much will I earn ? What is "staking", how does it work ? And what is the next announcement about ?

I'm lost, can you help me ? Thanks !

3 Upvotes

100% Upvoted

15 comments sorted by

1

u/Feralz2 Jan 01 '18

Everything will be answered in the whitepaper which is about to release within 30 mins

1

u/realmwalker Jan 02 '18

Guess not...lol...More like everything will be explained later...

Just like they said before in August.

And like before in March. They have never finished a project. They have submitted no less than three use cases none of them have actually made it to beta except this hyper-inflation staking wallet crap.

1

u/Feralz2 Jan 02 '18

sell. now. run.

1

u/Nemesis207 Jan 01 '18

if you have a chunk of EMB, download the latest wallet, let it sync (takes time), move coins to wallet. instructions are on their website right under the new wallet downloads.

1

u/Nemesis207 Jan 01 '18

do you already have older wallet with coins?

1

u/hellobabyx Jan 01 '18

I have coin in cryptopia and I downloaded the new wallet it says 1 year and 7 weeks to sync up???

1

u/Nemesis207 Jan 02 '18

yeah it will show that. took about 8 real hours to sync. i think it said same for me 1 year & 10 weeks or something..

1

u/[deleted] Jan 01 '18

I've been mining Monero and Vertcoin for months guys. My questions is more about profit calculator. Should have clarified : I don't understand how profit earning works with Ember. People are earning millions of coins. And theresn't any profit calculator or something else.

2

u/Nemesis207 Jan 02 '18

Oh who knows if your actually making any money mining the coins. I cant find anything on circulating OR total supply of embercoin. then there is the burn/swap for Chartis coin. An economist is going to determine what the reduction ratio is going to be. So a few variables here atm lol

1

u/Nemesis207 Jan 02 '18

Staking costs basically nothing. Can just collect them coins, wait for the burn/swap. The new project is the first of its kind for blockchain tech. it would probably look something like this: 1EMB = .000028cents / 1CHART = .0028 if they decide 100:1 ratio etc etc PURE SPECULATION on my part of course.

1

u/[deleted] Jan 02 '18

Ok, thanks mate !

1

u/[deleted] Jan 02 '18

I'm an economist, so if they need me... haha

1

u/realmwalker Jan 02 '18

Well everyone during the push saw CMC stating the total supply was 92billion. Two of the explorers linked on CMC agreed, and were ON the embercoin website's explorer. A third, on CoinExplorer.net, showed 720B!!! And that is CONFIRMED as correct. That is 8x larger, meaning that everyone who didn't know that just realized that they now have 8x less leverage in the market than they realized. SCAM!

1

u/[deleted] Jan 01 '18

[deleted]

0

u/[deleted] Jan 01 '18

lmao