which pool is best right now ? with Good Speed !! This is the pool right here bro. PoS only. can you please explain in brief bro ? GPU mining ended many days ago. It is now a pure proof-of-stake coin. Proof-of-work for first 5000 blocks, hybrid PoW/PoS until 10,000, then PoS only. There is a proof of Stake wiki if you want to learn about it.
|
|
|
which pool is best right now ? with Good Speed !! This is the pool right here bro. PoS only.
|
|
|
Il be 189 years old before I make anything worthwile then Holding BC in wallet is not for getting rich. Its for enabling transactions between BC-users without needing a f--ing nuclear power plant for that. Thats the revolutionary idea behind this coin ! Finally someone talking sense. And for those who are disappointed by the modest 1% APR - if it were much higher you'd introduce unhealthy currency inflation/price dilution, and you'd incentivise hoarding.
|
|
|
Fantastic. Nice to have you onboard!
|
|
|
I have read the POS faq and my question is still unanswered.
Do I have to keep the wallet running on my computer all the time, or can I exit, and just check in on it every couple days? If you are going to attempt to answer this question, I do not need to know about locking or unlocking the wallet.
The reason I ask, is, I am not a big fan of having multiple wallets running in the background for no reason.
You will not get any Blackcoins with your wallet off. That I can plainly tell you. If your coins are stored offline either in a paper wallet or in a file, but you have the wallet program running, you might still get transaction fees. If the wallet is empty though I believe you would never get any fees though I might be wrong. If your wallet is online and unlocked (or just unencrypted, which is unsafe) and you have coins in it, then you will get %1 per year. The %1 is an incentive to support the network since there is no mining any more to support the network, only wallets. Thank you for you reply! So does anyone else see the downfall in this? I am going to leave my wallet open and unsecure, all so I can earn %1 yearly interest? Sounds like the thieves will win in the end? POS system need POS miners this different manner of keeping network alive. I think if someone will hack your PC and install eg. some Trojan then pass on wallet won't help you at all. Always you can skip supporting part buy you won't earn fees and 1% (daily part interest). Similar problem have PPC with minting while wallet need to be opened. POS system is pretty new i think soon in future one of clones will adopt minting while wallet is locked but not now. PPC have 6 months old and even more though rules of getting 1% intrest here you only just keep mint 8h log of for a year log in after 365 days and rdy +1%. Note that in PPC you need mint 30days eg... BCX have 10days. Yes POS have downsides offcourse. But in other hand you dont figh all time with other miner at exchanges and with building minig gearall time. AS pos miner you need more invest from own bag to deveop coin in long run you have more at beginning but you need share it to keep it alive. You have a couple misunderstandings of how this works. Let me make it a bit clearer, as your questions are fairly common: First of all no, you do not need to be running your wallet continuously 24/7. You could unlock it for minting once once a month, collect your interest based on the age-weight of your stake, and close the wallet. Note that unlocking is a 'mint-only' command, meaning transfers out from your wallet will still require a password. Just encrypt the wallet, open it when you wish, sync, unlock and stake for a few hours, collect interest. It's that simple. The only advantage to frequent or constant minting is that the tiny amounts mature and become viable for stake themselves - hence compounding of interest. Hope that helps clarify.
|
|
|
Do I have to have my wallet up and running in order to receive POS? Can someone explain this please?
Excellent question, I was just about to ask the same thing Open, and unlocked for minting. Instructions posted a hundred times on this thread. Sure it's posted a hundred times, must be unclear then or why are so many people asking about it ?, you say "unlock for minting" but what if you never locked it or encrypted it ? is that the same thing ? I have mine open but since I never set a pass to begin with how do you get it to mint? "What sould I do to start PoS mining? Have your wallet unlocked and online." I have never locked it to begin with, so now what do you do, instructions are unclear and it's affecting value of coin I believe. Do you have the latest version? http://www.blackcoin.co/wallet-2/update-version-1-0-2-1-is-out/It has a little arrow icon that tells you when your coins are staking. And you really should encrypt your wallet. and backup your wallet.dat Unlock instructions and good clear explanation of PoS are in the faq on the website: http://www.blackcoin.co/faq/
|
|
|
I cannot figure out how to mint with the wallet.
I have unlocked the wallet using the console. In the lower right hand corner the lock appears unlocked and the overlib reads 'wallet is encrypted and unlocked'.
Is there something else I need to do?
Just wait for your coins to start staking. You'll begin to see minted amounts come in. It doesn't happen instantaneously. FYI make sure you delete your unlock command from console history as it contains your password in plaintext. I recently read another thread where someone lost 25k coins, apparently due to forgetting this step. Ok. So just open the wallet, unlock, allow it to sync, then lock again? Try leaving it open for a few hours. It's somewhat random when you get stake payout. No worries, your coins continue to accrue age and will pay out accordingly when you get a PoS minted block.
|
|
|
Do I have to have my wallet up and running in order to receive POS? Can someone explain this please?
Excellent question, I was just about to ask the same thing Open, and unlocked for minting. Instructions posted a hundred times on this thread.
|
|
|
This coin has one of the smoothest and most honest launches that I've seen in awhile, but the thing is, what does this coin bring to the table that others have not? Wouldn't this just be considered a clone?
What does the other coins bring to the table? Nothing really. IMO, the issue with this coin is the fact that it's no longer mined and its PoW phase was too short. Imagine if Doge or even FTC went into a limited supply like this coin. People would buy it up so fast it'd hit BTC prices. The problem is as a PoW coin, not many people were exposed to this coin and since it's shifted to PoS, even less people have been introduced to it. The fact that the price hasn't dropped much more shows that the people who are invested in this coin are holding on pretty well. The problem isn't holding. The problem is no one's buying because this coin is under the radar. Best way to to get people to start trading this coin? A systematic pump like the one that was done with AUR. AUR didn't just explode overnight organically. It was done by laying tens of bitcoins into the market and setting up even bigger buy walls to make it look like it was a very stable and enticing investment. Good points, finally someone talking a bit of sense. Let me add to your thought re AUR and how it bears on Blackcoin: AUR was a good candidate for a systematic run-up for a reason. Even though it is nothing more than a litecoin clone, it has BRANDING. Yes, it has exposure and is on the radar because is has been smartly branded (and the effect snowballs, as accelerated buying attracts more buyers and you get a positive-feedback loop).
|
|
|
I cannot figure out how to mint with the wallet.
I have unlocked the wallet using the console. In the lower right hand corner the lock appears unlocked and the overlib reads 'wallet is encrypted and unlocked'.
Is there something else I need to do?
Just wait for your coins to start staking. You'll begin to see minted amounts come in. It doesn't happen instantaneously. FYI make sure you delete your unlock command from console history as it contains your password in plaintext. I recently read another thread where someone lost 25k coins, apparently due to forgetting this step.
|
|
|
Whale storm did not catch the BC this time likely. Now the attention is to MZC - AUR like coin
I love all these predictions of the whale-savior about to arrive. Nigga please. All these micromovements in BC don't mean shit, and it would be only a very stupid whale would bother right now as he'd just get harpooned. If that changes, you'll know because BC will be over 1250 on serious volume. Until then, don't let idiots waste your and other people's time on this thread, if anything they just make the coin look bad, making the thread seem like an asylum for devoutly delusional bagholders. "The whale is coming, the whale is coming!!" Who force you to read this thread ?... If you don't like it just keep away. 99% othere threads is the same price up price down.... sometimes dev make scam ... or new feature is comming. Eg. GPU coins is different they failed 4th time in row start their coin lol... But there again scam scam.... blabla Dude, I read and support this thread because I'm in the coin and want it to succeed. An unlike idle dreamers, hopers and prognosticators, I am taking personal initiatives to promote this coin out there in the real world. Doing a rain-dance here in the thread and hoping the whale-gods will pump the coin is not action. If a whale pump is people's only hope and vision for this coin it will go nowhere. In fact, it bespeaks a low opinion of the coin and what it could become. Bad crypto-self-esteem. That's not what we need.
|
|
|
I already set my password, doh!
Then follow Jabulon's post... Help menu=>debug window=>>console tab. Unlock your wallet for staking by entering this: wallet passphrase yourpassword 9999999 trueClear the console history before exiting, for security, because your password is now sitting there in plaintext. Ctrl+L or the red button lower right. 9999999 can be any number you want, it just means how many seconds you want to leave your walled unlocked. walletpassphrase written as one word - sorry for typo in original post
|
|
|
Hi guys I liked the look at Black coin, so I bought 25000, I downloaded and installed the wallet, what Do I have to do to start earning POS interest?
Please help a noob out, cheers.
Help=>debug window=>>console tab. Unlock your wallet for staking by entering this: walletpassphrase <your password goes here> 9999999 true. Clear the console history before exiting, for security, because your password is now sitting there in plaintext. Ctrl+L or the red button lower right. 9999999 can be any number you want, it just means how many seconds you want to leave your walled unlocked. **miss-typed 'walletpassphrase' in original post as separate words. As noted down the thread, it's one word. Sorry, multitasking here as usual.
|
|
|
Whale storm did not catch the BC this time likely. Now the attention is to MZC - AUR like coin
I love all these predictions of the whale-savior about to arrive. Nigga please. All these micromovements in BC don't mean shit, and it would be only a very stupid whale would bother right now as he'd just get harpooned. If that changes, you'll know because BC will be over 1250 on serious volume. Until then, don't let idiots waste your and other people's time on this thread, if anything they just make the coin look bad, making the thread seem like an asylum for devoutly delusional bagholders. "The whale is coming, the whale is coming!!" Got it! Only one thing... What did you want to say with: "Nigga please."? It's an expression in american english slang, expressing something like "C'mon man, you can't be serious". It is not a racial slur.
|
|
|
Whale storm did not catch the BC this time likely. Now the attention is to MZC - AUR like coin
I love all these predictions of the whale-savior about to arrive. Nigga please. All these micromovements in BC don't mean shit, and it would be only a very stupid whale would bother right now as he'd just get harpooned. If that changes, you'll know because BC will be over 1250 on serious volume. Until then, don't let idiots waste your and other people's time on this thread, if anything they just make the coin look bad, making the thread seem like an asylum for devoutly delusional bagholders. "The whale is coming, the whale is coming!!"
|
|
|
And... AUR is chillaxing. What's after moments. Next AUR wave, or other coin. Then which coin. So many unknowns in this math Big players systematic buying campaign to make AUR look like "btc part II' and make chart emulate last Autumn btc runup from 125 - 180 and beyond. I won't be surprised if they succeed in hype and pump over the next month. But the strategy is evident from the price and volume action. if it breaks 0.2btc, look out. Mania will ensue. Proceed with caution, as always and beware of whipsaw potential.
|
|
|
I got weak hands.... Convince me otherwise This is a coin that started without an community. Just let it sudder for a moment, we are the FIRST PoS only coin. Our future is important to many other coins. Indeed. These kinds of coins usually go one of two directions. Thousands of % increase or 99% decrease. More % to gain than to loose. Well said. Crazy upside, downside ain't gonna kill you. Live to mine another day in either case.
|
|
|
Indeed. That's really the only sane and mature attitude to take right now. It has a chance, just as any other crypto. What is silly is to whine about the evil whales and 'manipulators' spoiling your hopes for instant wealth. Please people, this is altcoin. So many cheers of enthusiasm were uttered at the amazing network hashrate during PoW. Was it not perfectly clear, and to be expected, that this was largely due to big players looking to do what they always do, namely mine the crap out of a launch and turn a quick profit? And why not? That's the nature of this business. If you like the coin and want to stay in fine. Great. And fine to sell. Oh, and one more thing - the term 'weak hands' is misused quite preposterously on this thread. It's a term from equities, commodity and forex trading and it signifies a situation where someone is heavily leveraged on margin and gets flushed out in a down-market by the threat of a margin call or otherwise unsustainable losses. The big sellers of this coin are not 'weak hands'. In general they are actually the stronger players, with the ability to move the market. Anyway, do what you want and stop all this whining about the coin being manipulated. Nobody with any sense gives a shit. This is altcoin, bitches. Full disclosure, I own 132k blackcoin and wont be selling now because a) the price is low, and b) I can afford to take a chance on it. Period.
|
|
|
Hi!
Something strange is happening to my wallet.
The balance goes up and down a bit.
BC 24913.29873022=>24807.75751249 BC 24807.75751249=>24901.90036456 BC 24901.90036456=>24789.95447526
I understand that I'm staking coins, but why the hell went the balance down too?
I didn't see any orphans in the transaction list...
Post your BC adress . For me works all ok. Look my stakes: a967b0b095... 10594 2014-03-02 05:14:22 98.68028917 50032.95501194 BC a967b0b095... 10594 2014-03-02 05:14:22 (98.67613707) 49934.27887487 22cb66baf6... 10858 2014-03-02 10:00:32 45.55269027 49979.83156514 BC 22cb66baf6... 10858 2014-03-02 10:00:32 (45.54688591) 49934.28467923 BC +0.0041521 stakeYou see that in window amount qualified for stake. but you will get only part of it as stake because 1% is annual!!Amount before paidAmount paid after few hours stake from ~49000BCfinal balanceI'm not using a qt wallet. I have that on a headless Linux installations for security/staking. Is there a way to get more info out about the staking out of the wallet? BT8zaGRyQ4jNA8QBuaEbLmc6LaB9P7vYUH More info: This was from the dev and is on this thread, but I put it in pastebin: http://pastebin.com/ub5cgUuxYou can also learn about PoS in general here: https://en.bitcoin.it/wiki/Proof_of_StakeThats a good explaination of BC PoS, thank you! But it doesn't explain me why my balance went's down too. Dunno. Keep an eye on it and take screenshots. Post again if you confirm an issue and can document it in images, otherwise it leaves open the possibility of an accounting error on your part. Also,if it's happening to you, it should be happening to others as well, but this is the only such report so far.
|
|
|
|