I was wondering the same thing. However, I can tell you this: I got really sick of these PoS coins that gave you 1-3% interest in a year. If you want those kinds of measly returns, go put your money in a freaking fiat bank. 

It's not fair that the only people who can make money mining these coins are the ones that have huge gpu/asic/fpga farms.  I wanted to give the average joe trucker something he could buy and make a *reasonable* amount of money on. This coin will give you what, 0.75% a day? That seems pretty good. if you have 1000 coins, you'll get a respectable 7.5 coins per day just for holding onto them.  I think this will encourage people to mine and store/buy and pull them off the exchanges, thus driving the price up further. 

Honestly, can any of you say you actually held one of the low % PoS coins for any length of time just to get the interest reward? Likely not, as it is much more profitable to dump that coin and move on to the much more profitable coin flavor of the day for a quick pump/dump. I'm really hoping that people will hold onto this coin because the reward is significant.

As you can see, the x11coin stake reward is 3.33% (0.0333 * COIN):
https://github.com/atcsecure/X11COIN/blob/master/src/main.h#L41

Whereas the truckcoin stake reward is 200% (2.00 * COIN):
https://github.com/truckit/Truckcoin/blob/master/src/main.h#L41



There shouldn't be anything needed for the coin to stake as expected. I think we'll see the same wait times as x11coin. However, I will verify this by inspecting the code with a fine-toothed comb over the next day or two and make sure. If there are any issues I will release a new wallet build, but I don't foresee this needing to be done.

To answer people's questions about the PoS schedule--the coin is a fork of X11coin and those parameters have not been changed. I previously thought it would take as little as 8 hours, but it will be much longer, on the order of 9-10 days. This is only if the coins have been parked for that long. Otherwise, it will take 9 days since you deposited them into the wallet.

See https://bitcointalk.org/index.php?topic=600706.msg7002940;topicseen#msg7002940 on the X11 thread for more information about this.

It's one way to think of it.  It rewards adoption instead of those with lots of money to buy huge farms of GPU's/ASIC's.

There are 7.5 million coins in the PoW phase, and then day 1 of PoS it will be 75k coins generated from that 7.5 million TRK. It's comparable to a PoW reward schema, but with all the energy savings of not having to mine it. One thing I really hate about Bitcoin is the complete waste of power. Ok, so it's power spent to secure the network, but there is a better way and I think PoS is an improvement over it.

Great! I will update the first post.

I've just contacted Bittrex to see about listing the coin on that exchange. Hopefully we'll be listed in the next couple days.

Unfortunately I am having some crashing issues getting cc to work with OSX so I will be debugging that in the near future.

As far as the timing for PoS, we just need to wait a day or two with coins in a wallet and staking should start. The more coins you have the greater weight you'll have for staking.

Once the PoW is over (~2 weeks) we will see only PoS and staking will be occurring for everyone.

Also--diff is retargeted every block in case anyone had that question.

The next thing I want to do is implement coin control in the wallet so you can send out only your newest coins - e.g. keep the older ones staking longer.

I also am working with another dev who is doing android dev, so hopefully we can release an android wallet for this coin in the near future as well.

The premine was 120k coins. 20k of which have already been given out in bounties. So it's about a 1.6% premine.

Great! Thank you. I will update the first post now!

Wow guys we are almost at 4 GH..... 3.987 gh as of block 1161


and a diff of 80.00534101!!!!! Woohoo!

I was mining there overnight and got paid out over 600 TRK, so it *was* working at least...not sure about now as I switched to the 2nd pool to spread out the hash.

We hit 2 GH!

"blocks" : 1088,
"difficulty" : 49.11144287,
"networkhashps" : 2416635948,

Yes this is a brand new coin, just launched yesterday.

The network rate is picking up! 13 days of PoW to go!

"blocks" : 961,
"difficulty" : 32.72154923,
"networkhashps" : 1677731601,

New pool has been created here:

http://trk.hashhot.com/index.php

Let's spread the hash and give them some love

I will try to locate that dll and get into the zip asap. I have reports that other people are seeing this work. Try deleting your old client and unzipping this one. In the meantime, I'll try to include the dll in the zip file.

Newly compiled windows wallet that has been built statically so no need for including dll's. You can get it here:

http://www2.truckcoin.org/downloads/Truckcoin-Windows-0.8.2.2.zip

I will update the first post/website too.