Just some observations - doesn't look really good...
Dev activity is very low... doesn't even care to have control of his own software..(The actual wallet (2.Hardfork) was released by a different dev, who put it on his own github repositiory - the dev (Electra01) never cared to copy the wallet to the official Electra site on Github..) Once the the link to the "Bumbacoin" repository was deleted, there was no working link anymore. Some days later, a user who had saved a original copy created a new link on Github. A few days later, "Bumbacoin" shared a link to a saved copy of the wallets on his private "Google Drive". But instead of copying this files to the Electra Gitub - or any other web-address under his control - the Dev only updated the links on the announcement page. So the files are still not under his control... - but on web-addresses under someone elses control (even third party google-drive addresses...) There ARE technical issues...While staking is working more or less properly - and blocks are found regularly - this is only more or less. The calculation of the staking reward (50 % annual) is correct, if you include compound interest, it could even be more.. But - the splitting of inputs - and a somehow inbuilt bias of the staking algorithm to reward those inputs in a staking wallet that receive relatively small rewards - (certainly as well with the intention to create a sufficient supply of staking inputs) - has made the staking process difficult for smaller wallets - they are crowded out as the biggest wallets still have a very huge share of the network weight - because many of their inputs are waiting for reward for more than 20 days by now. So "smaller" wallets (small meaning here everyone with <100 Mio Electra) are only seldom staking. Most of the rewards earned by addresses holding relatively few electra - like just a few 100 k ore few millions - are almoust certainly secondary addresses in larger wallets. (Some of those adresses seem to belong to "Coinsmarkets"-Wallet). There seems to be the possibility of auto-merger of small/very old inputs - but I have observed this only with very small inputs - and it might well be that all of them are on the Coinsmarkets-wallet - so maybe they run a slightly adjusted wallet? Since the last hardfork, there are only about 210 blocks found every day (and not 288 as in the OP) - and so the time to reward all blocks is even longer. Total coins created between july 14th and today (september 23th) are 711 Million - expected would be: (20 Billion * 71 Days /(365/0.5)) would be 1.945 Billion. So only about 36 %. This, of course, was mainly due to the fact that less than 50 % of all coins have ever been staking. If more would have been staking, the crowding out of smaller wallets would of course have been worse... On the technical side, you could of course state that due to this slower staking, the PoS stage will take longer - like >3 years - and thus the Dev does have time to come up with a solution for the time once the 30 Billion coins have been generated... (As there are barely any transactions beside staking - and almost all of them are only stakers or exchanges reorganising their wallet, or people sending coins to or from exchange, there can't be an incentive for going the chain running once you would switch to fees only - unless their has been a rapid and very strong adoption of Electra as a means of payment - and even than only if you can get the Electra price up to about $1.-- (or at least $0.10). Actually, the share of staking coins has gone significantly down in recent weeks**, probably as low as around 30 % - as many large stakers have fully or partly decamped (moved their coins to exchanges, and tried to dump them). OTOH, there have only been a few larger moves the other way. As a result of these changes, the market price has significantly dropped, and the sell wall has gone up. Not only are there 3.2 Billion Electra on offer at Nova against Bitcoin - of which 1.6 Billion for one Satoshi - recently a wall started to go up at the Litecoin market - actually there are more than 1.33 Billion Electra on offer there, and even on the DOGE Market - more than 550 Million on Sale. So about 25 % of all Electras are on offer on Nova-Exchange. Another ca. 480 Million are on sale on Coinsmarkets... And of course, most of the sales that actually happened didn't result in the buyers shifting large amounts to staking wallets... So they either still hold them passively on the Exchanges, or put them in new sales orders (doesn't really make sense as long as there is no positive price movement). And yes - about 28% of all coins are held at adresses that showed no movement at all since the last hardfork - did they miss the update - or just lost interest... (well - I suspect that the top Adress on the Richlist might be Nova-Exchanges Cold-Wallet... - but who knows...)
But - unless their is much more activity - likely including an active HODLING Group - and more support for/by the Dev or a dev team - it pretty much looks like a dying coin.. **unfortunately, this didn't help smaller wallets, the network is still going up, as now most blocks go to large wallets with small blocks (some of those that decamped actually had very large blocks, thus needing not that many blocks for reward, and thus speeding up... The latest links that were provided for the wallets are from my personal Google Drive account (not bumbacoin's). I can upload these to other download locations if people wish. I used bumbacoin's Github link in the forum before to give him credit for the new wallets he created. The deletion of the link by bumbacoin did catch me by surprise and I put up my own links as fast as I could. Despite Electra having the issues you mention, I do not believe they are serious enough for another fork in the short-term. However this is my personal opinion. Electra is larger than myself and if the majority of the network wishes to have these updates implemented and release their own version of a wallet, I will support it after I am satisfied with testing. To myself personally, the fact that Electra is listed on multiple exchanges, has a block explorer, working wallets and an active website/forum thread is just as important. If someone new joins the network, I try to ensure that they will always have access to live uncensored information about Electra. |
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Wallet links have been updated.
The Telegram link and the Cointelegraph link have been added to the OP. Thanks to Morfuso for creating the Telegram link.
I have also put in an enquiry to Coinomi as one of the users requested.
The two exchange visits I mentioned previously have finished and I was not able to get a better deal. Exchange application prices have increased so much that it is, in some cases, cheaper to open your own altcoin exchange. I will keep working on finding a high volume exchange for Electra.
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Thnaks for creating a backup. I put the link into the OP for now. During the weekend I'll put the files up at a new download location. |
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ANNOUNCEMENT: A paper wallet is now available for Electra thanks to the work of Bob van Egeraat (altfeeder): https://walletgenerator.net/?currency=ELECTRAThis person is also a domain broker and has also bought the domain electraproject.org and will be developing it in two languages: English and Dutch. He says the website will begin development by the end of September. Meanwhile I will be visiting two exchanges in person during the next two weeks with the aim of reaching a better deal with them. |
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Dev doesn't seem to be doing anything for promotion of this coin. Guess he's happy slowly selling off his staked premine on Novaexchange.
None of the staked supply has been sold. A list of all my addresses was provided a few posts back. A higher focus will be made on promotion AFTER Electra is added to a fiat exchange. |
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Electra01 - Any news on the other exchanges?
This currency is really fast and wallet works well along with staking. This is actually a good crypto if we could get it out into public eyes and get some value to it.. But 1 litoshi isn't value
I am still looking into exchanges: Still talking with: Jubi 19800 btc100 Failed negotiations: BTC38 - Doesn't want any new cryptocurrencies dabtc - 20 BTC for listing - Too expensive yobtc - 600,000 Yuan (about $90,000) - Too expensive |
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I took part in the bonanza with a medium range graphics card and generated about 3,000,000 ECA which is kept in a seperate wallet.
Sorry, but isn't that a typo? 3'000'000 during the bonanza would be a bit few...
These are the addresses where the pre-mined coins are held:
EJXiQYb5tYjVdn8erLT92F6D5ZmCG2ZCvZ
EfZNebGdZc6xBTVBm4AD4k8NqKezUiKB4c
ENJc5UmLhpyrge7bxDoXjHTjv7DNzBx8sN
Sorry to get a bit annoying... The first one is correct... The second one doesn't exist on the network... The third one never held more than 2 ECA... But its possible to trace the majority of the Premine to: EVggmyfsA7krt7XsCYyh5DVe5JxDbVs5cZ No you did good. Try these: [ [ [ "ENGUxviXUSC8jQLMHcL1B6hhNZ1Es8BQAY", 5352188.67423656 ], [ "EezXAXNPkmeyvRgctQkBpwR2ax1ik7asEX", 0.99998000 ], [ "EPu2GsNwEahSsu1kMYsQwDYmRfJVRPXLsu", 0.01167875 ], [ "EVggmyfsA7krt7XsCYyh5DVe5JxDbVs5cZ", 717601661.73066914 ], [ "EdRvKYBid4McVydBJLLSvdALmA7Y19MQZS", 0.00000000 ], [ "EP3Ukfr1bUp4JsP5fgWHTT5z3GDqN49sKk", 0.00000000 ], [ "EW4yvbdrSh3GBzpEGhd7PMWQNtbje1A9Gp", 0.00000000 ], [ "EJXiQYb5tYjVdn8erLT92F6D5ZmCG2ZCvZ", 290184374.35315406, "" ], [ "EfDsBrC4wEbFGmiRskB4bhYMM8fzv3fGtc", 0.00000000 ], [ "EaTjnXZXAcfE4hT7zLrh6JvtYf8W77Eiuq", 0.00000000 ], [ "EXHGXEmPQzYEpYfxtVwGvdaAWsoX2qvCPV", 0.00000000 ], [ "EVBuSdwYva6CEVfKLZ2kvhx4d42UGR2BXn", 0.00000000 ], [ "Ea5Ld5YgafyKEsRo7Dp22Pzr66e4AJcojw", 0.00000000 ], [ "EY2nZtPtgZePdT2abQz1dC3iJxCrB6iczZ", 0.00000000 ] ], [ [ "EfW1cznfN4o6V4g331ga8Yft31MhRioY2G", 1.98999000 ], [ "ENJc5UmLhpyrge7bxDoXjHTjv7DNzBx8sN", 0.00000000, "test" ] ] ] The address you found is the where the majority of pre-mine is held: EVggmyfsA7krt7XsCYyh5DVe5JxDbVs5cZ The 3,000,000 ECA was not a typo. |
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I wonder if dev wallet is staking or not...
definitely is... #15 on the Richlist (actually) was the original Premine address (**see note A) It was reorganized on July 7, when #6 on the list was created as a spinoff (starting with just ONE huge block). #8 actually has a very similar structure (huge blocks), was as well reorganized on July 7, but the source of the coins is more complicated... but this could easily be a address of the dev as well, if he participated in mining during the bonanza - solo or via pool. If all of them are different addresses in the same wallet, this would explain why they perform quite a bit better than average (large weight in the network - far larger inputs than average, so staking frequently - but not VERY often, but getting large rewards..) (but actually starting to fall behind as well now, with inputs getting smaller due to frequent splitting). **note A - this Address is still used by coinmarkets-cap to calculate the difference between "total supply" and "circulating supply" - they just wanted to exclude the pre-mine from the circulating supply - but as this address is staking as well, and the amount is (due to the aforementioned reorganization) much lower than the original premine, that doesn't really make any sense anymore... I can confirm that I am participating in the staking process not everyday but often. Due to the low share of the pre-mine and frequent splitting, the impact should be low. Even when staked, the pre-mine share should remain within the 3%-5% range. I took part in the bonanza with a medium range graphics card and generated about 3,000,000 ECA which is kept in a seperate wallet. The value in Coinmarketcap causes Electra's value to appear only about %1-3 higher than reality. As the pre-mined ECA will eventually be transferred back to the address given to Coinmarketcap, I do not want to bother Gliss about it. He has 1100 other coins on his list to worry about. Why are you staking the premined coins? Don't you think that's a bit unethical and misleading based on the quoted premined amount on the announcement page? Is it possible for you to list all of the addresses where the premined coins are held on the announcement page? The community shouldn't have to do investigative work to try and find where the premined coins are located. This coin has potential, but the hiding and moving around of the premined coins just seems shady, and has an unnecessary negative effect on the future and value of the coin. I am staking in order to cover the initial, and possibly, future investments I have/will put up for this project from my own capital. Examples include exchange applications, Coinmarketcap bounty, Block explorer, Cointelegraph, and outsourced node hosting for the first three months. The pre-mine was not sold or claimed at all for any of these investments. My personal costs add up to more than $1000 which is about 100,000,000 - 200,000,000 ECA with the current market valuation. Rather than claim part of the pre-mine to myself and sell it in exchanges, I have preferred to get my initial investment back through staking as I believed it will cause less unrest among stakeholders and also because I want to play a part in moving the blockchain forward. If stakeholders prefer me to claim part of the pre-mine to cover my costs rather than stake, this is also possible. I announced that the pre-mine would be moved into other adresses in a previous forum post. It was not hidden. All transaction and staking history can also be clearly viewed in the block explorer. These are the addresses where the pre-mined coins are held: EJXiQYb5tYjVdn8erLT92F6D5ZmCG2ZCvZ EfZNebGdZc6xBTVBm4AD4k8NqKezUiKB4c ENJc5UmLhpyrge7bxDoXjHTjv7DNzBx8sN |
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I wonder if dev wallet is staking or not...
definitely is... #15 on the Richlist (actually) was the original Premine address (**see note A) It was reorganized on July 7, when #6 on the list was created as a spinoff (starting with just ONE huge block). #8 actually has a very similar structure (huge blocks), was as well reorganized on July 7, but the source of the coins is more complicated... but this could easily be a address of the dev as well, if he participated in mining during the bonanza - solo or via pool. If all of them are different addresses in the same wallet, this would explain why they perform quite a bit better than average (large weight in the network - far larger inputs than average, so staking frequently - but not VERY often, but getting large rewards..) (but actually starting to fall behind as well now, with inputs getting smaller due to frequent splitting). **note A - this Address is still used by coinmarkets-cap to calculate the difference between "total supply" and "circulating supply" - they just wanted to exclude the pre-mine from the circulating supply - but as this address is staking as well, and the amount is (due to the aforementioned reorganization) much lower than the original premine, that doesn't really make any sense anymore... I can confirm that I am participating in the staking process not everyday but often. Due to the low share of the pre-mine and frequent splitting, the impact should be low. Even when staked, the pre-mine share should remain within the 3%-5% range. I took part in the bonanza with a medium range graphics card and generated about 3,000,000 ECA which is kept in a seperate wallet. The value in Coinmarketcap causes Electra's value to appear only about %1-3 higher than reality. As the pre-mined ECA will eventually be transferred back to the address given to Coinmarketcap, I do not want to bother Gliss about it. He has 1100 other coins on his list to worry about. |
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Everyone,
Considering that Stratis is also in CryptoBE, Electra getting the most views there is quite an achievement. I am aware there are concerns that I am posting less frequently. As Electra is working properly at the moment there is less need to do so. Also, note that I am only able to fully work on the project during weekends but despite this have achieved all of Electra's short-term goals. The immediate goal is still the same: get into an exchange where Electra can be bought and sold with fiat currency. I am in contact with a person who has successfully listed his own altcoin into Chinese exchanges who I believe can help speed up this process. Stay patient, I am fully determined to achieve this goal.
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are dev still activ for this coin
No idea.. Would be time to organize a pump, and - may be - ad a few more exchanges.. And than, CryptoBE doesnt update since about 75 hours (all chains) - so may be another Explorer as well... Yes I am still active. CryptoBE is updating their servers I think. |
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Announcement
A further payment of 20,000,000 ECA was made to the bumbacoin developer, from the pre-mine, for his work on the latest fork and the creation of the Mac wallet.
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There are movements to reach the objectives in the development of the coin?
Especially adding a coin to other exchangers.
Regarding objectives: All short term objectives are already completed. I aim to complete all medium term objectives within one year. I have begun speaking with exchanges only recently as I did not think it would have been a smart strategy to apply to an exchange before the hard fork. At the current state, the price is below 1 satoshi which will make it hard to maintain a Bitcoin-Electra trading pair in a larger exchange. We can get in sure, but why would someone buy ECA for 0.00000001 BTC in Bittrex when they can go to Novaexchange and buy it for 0.00000001 LTC. We would eventually get delisted for low volume. There are other alternatives I am looking at for exchanges such as the Earthcoin strategy: even though they don’t even have an active website and only $500 a day volume on Novaexchange, they have $5,000,000 of total daily volume and $13,000,000 market cap. How? The rest of the volume comes from two Chinese exchanges they are on. Focusing on the Chinese market seems an interesting choice to increase volume. Earthcoin does not seem to have done much marketing in Chinese either so I am very curious how they reached this kind of volume. If there is a Chinese speaker in the community, I would appreciate help for a Chinese market expansion as I do not speak the language. It would be good to know the price/criteria to get into exchanges like Jubi and BTC38. If there are no Chinese speakers, I will still research this alternative but it will just take longer. Well, here is a guy who speak chinese~ I've never register an account...Since you have this require, I come~ I am a user of BTC38 which has a EAC(earth coin) market. Unfortunately, I think it is hard to put an eca market on it because they said they will never put on a new altcoin on their web site.... As far as I know, they just put on the eth market a few days ago.... But, don't worry, there would be still a lot chinese market to choose~ BTW, maybe there would be few chinese people cause this website had been blocked by GFW(AKA great/government firewall). And, maybe I can help you to do some translation for website or client(coinname in your chinese client is wrong~). I replied to your PM shipt. Thanks for your support. Have you received my mail? Yes I did. Thank you for the translation. |
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There are movements to reach the objectives in the development of the coin?
Especially adding a coin to other exchangers.
Regarding objectives: All short term objectives are already completed. I aim to complete all medium term objectives within one year. I have begun speaking with exchanges only recently as I did not think it would have been a smart strategy to apply to an exchange before the hard fork. At the current state, the price is below 1 satoshi which will make it hard to maintain a Bitcoin-Electra trading pair in a larger exchange. We can get in sure, but why would someone buy ECA for 0.00000001 BTC in Bittrex when they can go to Novaexchange and buy it for 0.00000001 LTC. We would eventually get delisted for low volume. There are other alternatives I am looking at for exchanges such as the Earthcoin strategy: even though they don’t even have an active website and only $500 a day volume on Novaexchange, they have $5,000,000 of total daily volume and $13,000,000 market cap. How? The rest of the volume comes from two Chinese exchanges they are on. Focusing on the Chinese market seems an interesting choice to increase volume. Earthcoin does not seem to have done much marketing in Chinese either so I am very curious how they reached this kind of volume. If there is a Chinese speaker in the community, I would appreciate help for a Chinese market expansion as I do not speak the language. It would be good to know the price/criteria to get into exchanges like Jubi and BTC38. If there are no Chinese speakers, I will still research this alternative but it will just take longer. Well, here is a guy who speak chinese~ I've never register an account...Since you have this require, I come~ I am a user of BTC38 which has a EAC(earth coin) market. Unfortunately, I think it is hard to put an eca market on it because they said they will never put on a new altcoin on their web site.... As far as I know, they just put on the eth market a few days ago.... But, don't worry, there would be still a lot chinese market to choose~ BTW, maybe there would be few chinese people cause this website had been blocked by GFW(AKA great/government firewall). And, maybe I can help you to do some translation for website or client(coinname in your chinese client is wrong~). I replied to your PM shipt. Thanks for your support. |
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There are movements to reach the objectives in the development of the coin?
Especially adding a coin to other exchangers.
Regarding objectives: All short term objectives are already completed. I aim to complete all medium term objectives within one year. I have begun speaking with exchanges only recently as I did not think it would have been a smart strategy to apply to an exchange before the hard fork. At the current state, the price is below 1 satoshi which will make it hard to maintain a Bitcoin-Electra trading pair in a larger exchange. We can get in sure, but why would someone buy ECA for 0.00000001 BTC in Bittrex when they can go to Novaexchange and buy it for 0.00000001 LTC. We would eventually get delisted for low volume. There are other alternatives I am looking at for exchanges such as the Earthcoin strategy: even though they don’t even have an active website and only $500 a day volume on Novaexchange, they have $5,000,000 of total daily volume and $13,000,000 market cap. How? The rest of the volume comes from two Chinese exchanges they are on. Focusing on the Chinese market seems an interesting choice to increase volume. Earthcoin does not seem to have done much marketing in Chinese either so I am very curious how they reached this kind of volume. If there is a Chinese speaker in the community, I would appreciate help for a Chinese market expansion as I do not speak the language. It would be good to know the price/criteria to get into exchanges like Jubi and BTC38. If there are no Chinese speakers, I will still research this alternative but it will just take longer. |
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Hello all! Any thoughts to implement masternodes on Electra blockchain in the future?
in long term objectives there is a point about the masternodes, but who knows when it will come. dev not mention about this That's why I've asked, because I dodn't saw anywhere talking about. From my point of view will be a huge step forward for the project security and stability and also for the price of the coin. Regarding masternodes: Masternodes is an option I will consider after the 50% reward phase is over and Electra’s POS rewards come from transaction fees only. This is because it is uncertain if, in the future, earning rewards from transaction fees ONLY will give people enough incentive to host a node. If in such a state Electra loses too many nodes OR if there is a democratic majority who wants the change, masternodes can be put in place as it may possibly boost the number of nodes. There are a lot of arguments for and against masternodes and each may effect Electra’s unique situation differently. I am not sure if there is currently any cryptocurrency in the world which has implemented masternodes + POS rewards from transaction fees only and therefore it is difficult to foresee how masternodes will fare in such a situation. |
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Why a pair of doge/eca disappeared on NOVA?
I'll ask them. It was there a few hours ago and volume was at one point highest out of all their Dogecoin markets. No Update ? Novaexchange has re-activated the Electra-Dogecoin market: https://novaexchange.com/market/DOGE_ECA/ |
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