how many coins is reward after fork?
It was supposed to be ~ 888 coins so I assume that is where whoever is deving this plans to return it. That being said the fork is 1-2 hours away and there has been no word from the dev. I don't see anyone in #CleanWaterCoin on freenode so I'm not sure if this is being abandoned. You guys have transparency on one person involved here. A Mr. Zach Mittra https://twitter.com/ZachMettraUnfortunately it may be time to ask hard questions. #cleanwatercoin is active on chat.freenode.net There are quite a few of us in there and have been for several hours now. Thanks for the clarification. My client wasn't connecting properly. I encourage all to join and try to solve problems quickly. |
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how many coins is reward after fork?
It was supposed to be ~ 888 coins so I assume that is where whoever is deving this plans to return it. That being said the fork is 1-2 hours away and there has been no word from the dev. I don't see anyone in #CleanWaterCoin on freenode so I'm not sure if this is being abandoned. You guys have transparency on one person involved here. A Mr. Zach Mittra https://twitter.com/ZachMettraUnfortunately it may be time to ask hard questions. |
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Currently 416,753,738 coins have been minted. So you're looking at half of the supply of a billion coins being generated in less than a few weeks by the time the fork happens at block 8000. Should be interesting to see what happens to such an inflated market.
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Just had another thought, I really hope the devs are going to check the code for blocks 250,000+ and 500,000+ while they're at it.
If this coin isn't dead by the time this is sorted out I don't want to see the same happen again at the next planned reward changes.
I already checked the code and they didn't multiply by 1/over the sqrt for any of the reward changes. So yes they need to fix that too. |
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Stop mining until we get this figured out. We're on it right now.
There are only two options here - 1) To fork back to block 7000, in which case all transactions back to that point will be lost, along with a LOT of confidence in the coin. 2) To clearly announce to everyone a fork at a coming block, say block 7200 (we are at block 7158 as of writing) and allow the 'mistake' block rewards to stand. This would give everyone a chance to switch to the new wallet and would be less damaging to the coin. The only downside is that the total supply of 1bill will be reached sooner than anticipated. Personally, I think option 2 is the fairest to all, it gives an unexpected bonus to those miners that have been supporting the coin in its early stages and does not cancel all transactions that have been made since block 7000. You can guarantee that anyone who loses a transaction due to the devs' basic math error will not come near this coin again and you know what they say, bad news travels round the world before good news has got its boots on.. Can you cancel out the rewards given for past blocks and replace them with the correct reward amount? In other words, make it like the mistake never happened and continue onward with correct reward amounts? Surely the network can recognize where mistake coins are and "convert" down to the true amount? Sure if you can manage to break the elliptic curve over finite prime field cryptography that secures bitcoin. And that is quite the reward for the lucky few that mined between blocks 7000-7200. That is like hitting the lotto if this coin ends up going anywhere. While ~90million sounds like a lot, it isn't that much when it is part of 1 billion lol. That is 9% of the total currency split up amongst....I have no idea how many people were mining during those blocks. I'd rather the miners get that bonus than to get royally screwed out of hours of mining. Most were mining anyway and have no idea any of this has happened. I don't think option 2 is palatable. There are 86400 sec/day which divided by 120 sec/block gives a total 720 blocks mined per day @ 450K WATER = 324 Million WATER/day. This means that supply is exhausted sometime on Wednesday, meaning that even if a fix is provided by that time, majority of the coins, if not all, would be mined. Edit:Also, if this is allowed to stand the amount of transactions that are the basis for getting funding for the charity would be drastically reduced, which I don't think is the best for the future of CWC. As I type this we are on block 7127, and a "fix" shouldn't take more than an hour or two more. That means the fix could be out by block 7200. 200 blocks @450k WATER is ~90million....not the 324million that you state. We are calculating at different time intervals, me daily, you 200 blocks, and both numbers are correct and ugly. I hope fix can be delivered at block 7200, however my bigger issue is why this was not tested against. The team needs to decide if they are just going to fix this and pray there are no other issues or conduct a more comprehensive code review, needing more time which is obviously in short supply. It would seem the devs have not heard of Testnet. Does anybody actually know who the devs are? |
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Stop mining until we get this figured out. We're on it right now.
There are only two options here - 1) To fork back to block 7000, in which case all transactions back to that point will be lost, along with a LOT of confidence in the coin. 2) To clearly announce to everyone a fork at a coming block, say block 7200 (we are at block 7158 as of writing) and allow the 'mistake' block rewards to stand. This would give everyone a chance to switch to the new wallet and would be less damaging to the coin. The only downside is that the total supply of 1bill will be reached sooner than anticipated. Personally, I think option 2 is the fairest to all, it gives an unexpected bonus to those miners that have been supporting the coin in its early stages and does not cancel all transactions that have been made since block 7000. You can guarantee that anyone who loses a transaction due to the devs' basic math error will not come near this coin again and you know what they say, bad news travels round the world before good news has got its boots on.. Can you cancel out the rewards given for past blocks and replace them with the correct reward amount? In other words, make it like the mistake never happened and continue onward with correct reward amounts? Surely the network can recognize where mistake coins are and "convert" down to the true amount? Sure if you can manage to break the elliptic curve over finite prime field cryptography that secures bitcoin. And that is quite the reward for the lucky few that mined between blocks 7000-7200. |
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After maxing the coin will be POS only then right? That's not necessarily a bad thing. If the coin did max out in e.g. 30 days that creates demand in itself to get in now while its mineable.
Lets wait for the devs anyway to get accurate info on this, it is Sunday and not sure of their timezone.
My understanding from the description is that it is a hybrid for the life of the coin, so it is SUPPOSED to be POW/PoS (theoretically to have the best of both worlds), but if this is intentional, then yes, it will flood the coffers to maximum, end POW, and then they will start to accumulate interest @ 7% for the year. These things are confusing to me due to not being a miner myself (yet!), and being in three or four different coin rooms experiencing one issue or another with PoS/PoW issues. This coin is making so many fundamental errors. PoS is meant to reduce the amount of TX fees needed by limiting the resources needed to sign and confirm blocks. TX fees are how this coin planned on donating to charity. That's just an initial design flaw and maybe why they wanted to keep PoW. Or maybe the dev doesn't know what their doing. At this rate the coins will reach the total mint in ~ 4 days and your interest and PoS rewards will be limited to only TX fees. The devs will have to fork this coin if they plan on saving it. Unless anyone has a better idea? *EDIT* Even if they managed to bring this coin back to block 6999 without any issues with the transactions that have been happening in their absence, there is clear evidence that this coin was not developed properly. I wish all those that invested the best of luck and I'm sorry for your loses. |
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I just bought 200mh for this coin, who will pay that btc back to me? You? Don't think so, its better to keep the coin source at this, we will reach the total coin much earlier its not a big problem.
At this rate you have ~ 2220 blocks left until the coin maxes out at 1,000,000,000 coins. Assuming you find blocks every 2 minutes that's ~ 3 days or so... that is much earlier indeed. |
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Haha oops (20,000)(1/√(Difficulty+500)(COIN)) does not equal (20,000)(√(Difficulty+500)(COIN)) 452k NSubsidy output vs 888 Basic math ftw. I also see some leftover code from the Charitycoin script they used to make this. CScript CHARITY_SCRIPT; Devs would have to fork the block chain back to the 6999 block at the risk of losing all transaction made from that point. I believe every minute they wait this is getting worse. |
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@Cleanwatercoin.........instead of quoting which floods the thread with very long posts, I'll kinda start a new reply.
You state 101 people will now have access to clean water, which is of course kewl if that means permanent access to clean water. For example spending $2000usd to dig a protected well that supplies 101 villagers might be a tad expensive, but worth the cost. If, however, that means rainwater catchments...........that is WAY OVER THE TOP expensive! I guess my point is very simple.......it matters a great deal WHAT is done with the donations, not just how many people it affects.
At no point think I am hate'n on ya or the concept. My posts relate to how the funds are actually used. As I pointed out, $2000usd for some makeshift guttering is obscene, while that same amount for a water purification system for a village of over 100 people is not only worthwhile but rather noble.
Short version: Don't tell me you spent $2000 to give water to 101 people. That is about $20 a person, but it tells me nothing about the long term sustainability of that expenditure.
I guess the best answer I can give you is to check back once we reach our fundraising goal. Once the project is fully funded, we will get a very detailed report as to where the money went and how it was used to provide a long-term and lasting solution. If you would like to see an example of what I am referring to, go here: http://my.charitywater.org/p/myprojectsview?project_id=ET.GOH.Q4.09.048.213Also keep in mind that $2,000 is just the beginning... there is a lot more money to raise. But it is a fantastic start in my opinion, and something I am proud to be apart of! -Zach Also keep in mind that some of your funds raised are going towards funding the promotion and development of this coin. I am waiting to see absolute transparency on every Water Coin that you have raised and where it has gone before I invest in this organization (a block explorer is a good first step). This is a practice that the organizations you are donating to appear to do (and you could do even better if you use the technology bitcoin offers you). It is understandable that you can use some coins to ensure the development of this coin is taken care of. I would wait until a community of trust is built before doing so. Again absolute transparency down to your home address... again you are a charity and you want to develop a solid community of people who will put value in this coin long term. Not just pump and dump fanboys abusing charitable ideas (even though if you do this right charity will still gain from them). I think you are from a dead coin, charitycoin, right? 10% of each block goes to the dev. Why not 100% lol? Haters gonna hate.  I have no affiliation or investment with any charity coin at all. It's good to ask these questions whether the coin in question is doing anything wrong or not. I have no problem donating and helping multiple coins as long as each is doing a fair job at helping the world. Currently posts like this make me think that dead coin you speak of will out last the immaturity expressed in this thread (I could say things like 0.1% of TX fees go to the dev, why not 100%). @Clearwatercoin is trying and I can see that but I need to see where every coin is being spent if it is being spent on promotions / bounties. I also can't see all the way back to the genesis block on those block explorers. Not sure if this is a technical issue or because of the way you set up the IPO or if I'm just not navigating them correctly. EDIT* I see that you can search for the first block it just doesn't show in the list. I encourage all to track these ID's and make sure funds are being sent to appropriate places. Also be sure to constantly watch the deposit address from the TX grants. Which I do not see listed in the OP and I do not feel like searching through your source code to find it for this community. You can rest assured if I invested I would be looking for it. Regards |
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is this the first coin for charity ? i saw many charitable coins these days!
This is the second coin that I came across to be centered around charity. It is the first to implement block rewards to charity. But yeah.. I think it's funny how every new coin claims to be the first nonprofit coin in some cheap PR scheme. We agree with you. We just changed our slogan not to offend anyone else as this is not our intent. And just to be clear I wasn't trying to imply that you were offensive. Just that I see others doing it. I think you guys are doing a good job building a stable base for the coin that isn't built on hype. Let me know if there's anything I can do to help. |
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@Cleanwatercoin.........instead of quoting which floods the thread with very long posts, I'll kinda start a new reply.
You state 101 people will now have access to clean water, which is of course kewl if that means permanent access to clean water. For example spending $2000usd to dig a protected well that supplies 101 villagers might be a tad expensive, but worth the cost. If, however, that means rainwater catchments...........that is WAY OVER THE TOP expensive! I guess my point is very simple.......it matters a great deal WHAT is done with the donations, not just how many people it affects.
At no point think I am hate'n on ya or the concept. My posts relate to how the funds are actually used. As I pointed out, $2000usd for some makeshift guttering is obscene, while that same amount for a water purification system for a village of over 100 people is not only worthwhile but rather noble.
Short version: Don't tell me you spent $2000 to give water to 101 people. That is about $20 a person, but it tells me nothing about the long term sustainability of that expenditure.
I guess the best answer I can give you is to check back once we reach our fundraising goal. Once the project is fully funded, we will get a very detailed report as to where the money went and how it was used to provide a long-term and lasting solution. If you would like to see an example of what I am referring to, go here: http://my.charitywater.org/p/myprojectsview?project_id=ET.GOH.Q4.09.048.213Also keep in mind that $2,000 is just the beginning... there is a lot more money to raise. But it is a fantastic start in my opinion, and something I am proud to be apart of! -Zach Also keep in mind that some of your funds raised are going towards funding the promotion and development of this coin. I am waiting to see absolute transparency on every Water Coin that you have raised and where it has gone before I invest in this organization (a block explorer is a good first step). This is a practice that the organizations you are donating to appear to do (and you could do even better if you use the technology bitcoin offers you). It is understandable that you can use some coins to ensure the development of this coin is taken care of. I would wait until a community of trust is built before doing so. Again absolute transparency down to your home address... again you are a charity and you want to develop a solid community of people who will put value in this coin long term. Not just pump and dump fanboys abusing charitable ideas (even though if you do this right charity will still gain from them). |
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This is not the first altcoin to innovate sending percentages of block rewards or tx fees to a charity address. Charitycoin has been doing this for months. https://bitcointalk.org/index.php?topic=448269.0I have no affiliation with Charitycoin or CWC but at least Charitycoin is not mixed up in this pre-investment scandal. Their launch was unprofessional but they seem to have their hearts in the right place and are transparent without controversy now. While I agree that making profit is a good incentive for people to donate to charity, this coin seems to have focused on it too much and if this "NPO" is making a profit off charity... that speaks for itself. Just out of pure clarification here, no other altcoin has done what we are doing with our coin. Charitycoin takes 10% of each block payout -- whereas we take a 0.1% transaction fee of the coin movement and donate that into the Charity Wallet. Here is what is stated on our website & OP to save you some time  We’ve built a unique function into the coin network so that everyone who mines or even uses Clean Water Coin will be helping save lives around the world. Every transaction will donate 0.1% of that transaction to the Charity Wallet, here’s an example: I’ve mined 1,000 Clean Water Coins and I request a manual payout from my pool. As a result of this transaction 1 coin will be donated to the Charity Wallet and the remaining 999 is sent to my wallet. Just out of pure clarification here, your title to this thread says 1st Nonprofit Organization Coin which is incorrect. And thanks for the OP quote and assumption I cannot read. Regards What other coin is a registered NPO? yes , we are registered NPO to GOV.! You paid $45 and had someone we don't know sign a piece of paper. http://rct.doj.ca.gov/MyLicenseVerification/Details.aspx?agency_id=1&license_id=1494048&And technically your status is "Not Registered" https://www.google.com/maps/place/555+N+El+Camino+Real+%23365/@33.429881,-117.616574,3a,40.7y,14.16h,91.36t/data=!3m4!1e1!3m2!1s_g-1oi2gF4MI0o1rivRxgg!2e0!4m2!3m1!1s0x80dcf4725c8a6363:0xa204e19ee8c052e1!6m1!1e1 And your address provided is in a hardware plaza with a store selling water purification systems? http://www.pacificwatersolutions.com/ I assume you are affiliated with this group? Can we hold them accountable for losses? I would encourage all to continue investigating the transparency of this group. |
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is this the first coin for charity ? i saw many charitable coins these days!
This is the second coin that I came across to be centered around charity. It is the first to implement block rewards to charity. But yeah.. I think it's funny how every new coin claims to be the first nonprofit coin in some cheap PR scheme. |
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This is not the first altcoin to innovate sending percentages of block rewards or tx fees to a charity address. Charitycoin has been doing this for months. https://bitcointalk.org/index.php?topic=448269.0I have no affiliation with Charitycoin or CWC but at least Charitycoin is not mixed up in this pre-investment scandal. Their launch was unprofessional but they seem to have their hearts in the right place and are transparent without controversy now. While I agree that making profit is a good incentive for people to donate to charity, this coin seems to have focused on it too much and if this "NPO" is making a profit off charity... that speaks for itself. Just out of pure clarification here, no other altcoin has done what we are doing with our coin. Charitycoin takes 10% of each block payout -- whereas we take a 0.1% transaction fee of the coin movement and donate that into the Charity Wallet. Here is what is stated on our website & OP to save you some time We’ve built a unique function into the coin network so that everyone who mines or even uses Clean Water Coin will be helping save lives around the world. Every transaction will donate 0.1% of that transaction to the Charity Wallet, here’s an example: I’ve mined 1,000 Clean Water Coins and I request a manual payout from my pool. As a result of this transaction 1 coin will be donated to the Charity Wallet and the remaining 999 is sent to my wallet. Just out of pure clarification here, your title to this thread says 1st Nonprofit Organization Coin which is incorrect. And thanks for the OP quote and assumption I cannot read. Regards |
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This is not the first altcoin to innovate sending percentages of block rewards or tx fees to a charity address. Charitycoin has been doing this for months. https://bitcointalk.org/index.php?topic=448269.0I have no affiliation with Charitycoin or CWC but at least Charitycoin is not mixed up in this pre-investment scandal. Their launch was unprofessional but they seem to have their hearts in the right place and are transparent without controversy now. While I agree that making profit is a good incentive for people to donate to charity, this coin seems to have focused on it too much and if this "NPO" is making a profit off charity... that speaks for itself. |
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When I go to make Qt 5 for feathercoin-qt.pro I receive a long list of these error outputs after qmake feathercoin-qt.pro Project MESSAGE: Building with UPNP support
Warning: ignoring <defaultcodec> element
Warning: ignoring <defaultcodec> element
Warning: ignoring <defaultcodec> element... Is this normal? *EDIT* I assume this is normal as I have successfully compiled feathercoin-qt.exe I then received this error after mingw32-make -f Makefile.Release g++: error: unrecognized command line option '-Wl'
Makefile.Release:294: recipe for target 'release\feathercoin-qt.exe' failed
mingw32-make: *** [release\feathercoin-qt.exe] Error 1 I checked the feathercoin-qt.pro file and there was a difference in the win32:QMAKE_LFLAGS before the one where we are supposed to add -static where it only had win32:QMAKE_LFLAGS *= -Wl
instead of
win32:QMAKE_LFLAGS *= -Wl, --dynamicbase -Wl, --nxcompat So I changed that and I just receive the errors g++: error: unrecognized command line option '--dynamicbase'
g++: error: unrecognized command line option '--nxcompat'
Makefile.Release:294: recipe for target 'release\feathercoin-qt.exe' failed
mingw32-make: *** [release\feathercoin-qt.exe] Error 1 Any advice on this? *EDIT* I fixed this by commenting out the entire line in the feathercoin-qt.pro. Might want to try adding -static to the end of the extra QMAKE_LFLAGS line too, didn't try that. # win32:QMAKE_LFLAGS *= -Wl, I'll leave this up in case anybody else comes across this g++ error. |
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Can someone please help me with this issue, I don't know what I did before to fix it but I just installed win7 in a vm to give it a try on windows7 instead of windows 8 and I am back at to the following error. I have tried installing MinGW over I know someone said install msys over mingw but I have no clue what they are talking about as haven't clarrified t hemself when asked what they meant, so any help would be greatly appreciated. I have also checked my path variables and everything seems to be correct. C:\JennyCoin>mingw32-make -f Makefile.Release
cd C:/JennyCoin/src/leveldb && CC=gcc CXX=g++ TARGET_OS=OS_WINDOWS_CROSSCOMPILE mingw32-make OPT="-pipe -fno-keep-inline
-dllexport -D_FORTIFY_SOURCE=2 -O2" libleveldb.a libmemenv.a && ranlib C:/JennyCoin/src/leveldb/libleveldb.a && ranlib C
:/JennyCoin/src/leveldb/libmemenv.a
'CC' is not recognized as an internal or external command,
operable program or batch file.
Makefile.Release:317: recipe for target 'C:/JennyCoin/src/leveldb/libleveldb.a' failed
mingw32-make: *** [C:/JennyCoin/src/leveldb/libleveldb.a] Error 1
C:\JennyCoin>
Make sure you are building the libleveldb.a and libmemenv.a libraries before you compile JennyCoin from msys shell cd /C/JennyCoin/src/leveldb
TARGET_OS=NATIVE_WINDOWS make libleveldb.a libmemenv.a |
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I'll wage in on the what are we holding game. I think Vertcoin is undervalued. A coin that prevents the centralization of mining is good imo.
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So many variables here. This reminds me of when I worked as a freelance webdev. How much work is required and how much do you need to get paid? Well it depends on how much you're looking to implement and at what quality/time frame. You should give more details as devs like to know what they will be doing.
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