DnsgMining
Three Weeks ago we stumbled upon an algorithm named skunk.
We saw it popping up in list of algorithms on NemosMiner.
A miner we use when the markets are fluctuating badly.
It is the weird algo name that drew our attention. My partner looked deeper into the algorithm.
=========================
New Skunkhash Raptor Algo
=========================
It seemed the coin signatum was linked to it. There was no whitepaper available yet.
So it was hard to understand what the coin actually stands for. My parter desided to look for a standalone miner. Which happened to be the CCminer from SP-Mod. At the day we got a return of 900 Coins with both of our rigs dedicated to it.
The same day the prices started rising and it went to about $0.12! That is $108 DAILY! While we normaly have a daily return of $25... We were ecstatic! So we continued..
We sold some to get a fast profit when the market quickly turned downwards. We kept about 1000 Sigt coins for a future invest as the mining profit was too low after a couple of days.. Time passed and we checked daily but no signs of improvement.
After the bitcoin Fork signatum was gaining momentem again.. Last week we started mining and found a private miner on bitcointalk. CCminer SPMod #5 Which gave us a extra 30% return. In total we mined about 4000 sigt coins.
We investigated the project some more and found some really good videos on youtube explaining the project.
Here is another video that was made yesterday giving you guys a better idea of signatum.
We made some more profits as signatum rose to $0.15 but that did'nt last long. After 2 days the party was over..
My collegue woke up this morning and sold 2000 sigt at 2200 SAT as a bit of a panic sell.. It seemed that 2200 satoshi was about the lowest the market went for now. We totalled at $185 for 3 days of mining. We could have met our current electricity target for QR3 (3 months of mining) if we kept all our coins from the start.
But whatever we are still learning, and still made a bigger profit then when we kept mining on Nemosminer or Ethereum.
We learned from this experience..I have to withhold my partner from his emotional rollercoasters :)
At the moment it's not wise to mine signatum as the difficulty became higher and the rewards per block are halved.
It's better to wait for a good low on the market and then buy some coins for the long run.
=========================
About Signatum
=========================
Well if you go to there and look for the roadmap, this is the most exiting step:
-Crowdfunding Platform
Crowdfunding through cryptocurrency is becoming more popular and as a result, Signatum aims to create a fair and
balanced Crowdfunding platform, where investors and entrepreneurs can raise funds for their projects, communicate
business objectives and provide updates on project status
Find out more about the market and pricecap at coinmarketcap.
https://coinmarketcap.com/currencies/signatum/
https://signatum.io/
Fair launch of Signatum with unique & intensive skunkhash raptor algo. No premine, no ICO, no dev fee, nothing !
Just fair mining and no GPU miner delays. AMD and NVIDIA GPUs with OpenCL supported as of now.
Do not expect bounties from the devs or admins as no premine allocated. If the community wishes to help then please
setup pools or additional explorers and few extra nodes as we are limited by our resources.
Note for GPU miners: Start off with 9 or 10 intensity and mine few blocks first to see how it goes for you.
If you feel your hardware can go high then safe intensity would be 15. Try not to go above as it might
cause a GPU / driver or system crash and you lose time and rewards. The miner supports multi-GPU.
Specifications
. Signatum with ticker SIGT
. New Proof of Work Algorithm, SkunkHash Raptor
. No ICO
. No Premine
. Fair Launch
. Estimated Block Time: 2 Minutes
. Total PoW Coins: 137,500,000
. PoW/PoS after block 98500
. Last PoW Block: 100,000
. Pure PoS after block 100,000
. PoS 5% Annual Interest
. Dark Gravity Wave v3 Implemented for PoW stage
. Ports 33333-p2p /33334-rpc
. Coin Maturity, 60 Confirmations
. Stake Maturity, 50 Confirmations
. TX, 6 Confirmations
. Reward Structure
PS: We are not creepy old dudes working in a basement. Some updates on the people behind will be following
As long as you can withhold your partner from his emotional rollercoasters, I think you guys will do great! Never give up, don't panic too quick, think rational, ... You'd still go through rough times, but hey, you'll also learn from those! ;) Keep it up and remember me when you guys get rich :p
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @dnsgmining! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit