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Hi all,
The faucet is nearly empty if anyone wants to donate more WSX to it at wXJTTXBGCmnZT1jWgjMHkHeyZi4VFK2bYn
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can you automatically convert altcoins to btc with this?
No, but you can set your payout addresses to exchanges that have an auto-sell option such as Cryptsy or Bleutrade. |
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Other questions ... will pre-compiled binaries for Linux be posted ? (I only saw a Windows and Mac wallet, and the Mac wallet link was a dead end. Wallet Link) And can I start running the new wallet / protocol immediately, or until 12:00:00 GMT on Nov 12th ? Thanks ! I'm not sure if they'll be posting Linux binaries or not (not much point, unlike Windows compiling on Linux is a very simple task.) You can use the new wallet now, yes. |
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Ok, so just to clarify: It will still be a SHA256 coin, with 2 minute block target, and 50 coin per block reward. I understand that the emission will be reduced from 20,000,000,000 (20 GigaCoins) to 210,000,000 (210 MegaCoins) ... ¡ I like that ! and staked coins will produce interest every month, not once a year ... ¡ I like that ! Question, just to be clear: ¿ Will all existing coins be honored in the new fork ? ie, ¿ Will the new fork keep the existing blockchain ? and more questions: ¿ When exactly will the change happen ? ¿Will it be at exactly 12:00:00 GMT on November 12, 2014, or is it after a certain block number ? New wallet source: https://github.com/emarkproject/DEMIf you need to get a hold of Berkeley DB 4.8.30.NC (from the Oracle, Inc. web site) Yes, the coin's PoW algorithm, block times, and reward remain the same. When it forks all existing coins will be included and the blockchain will stay the same (no coin swaps or anything.) The hardfork will be at 12 Nov 2014 00:00:00 GMT by time, not by block number. |
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v2 was never intended to have the same algorithm or produce rewards in a formulaic relationship to difficulty other than as a seed to random number generation; v1's use of the floating point difficulty was part of why it had so many forking issues. It should have used GetPoWHash() instead of GetBlockHash() though when calling GetBlockValue() (my fault on that), the PoW hash would have been the actual work/difficulty completed, but either way it was just a seed into the random number generator. Hi! Thanks for extending the coin swap, I almost lost 280 CGA..  But now they are safe in my v2 wallet. I mined v2 for a while, and noticed that the payout scheme is different than v1.. I looked into the source: int64 static GetBlockValue(int nHeight, int64 nFees, uint256 prevHash)
{
if (nHeight <= 0 || prevHash == 0)
return nFees;
if (nHeight == 1)
return 105000 * COIN; // Premine for coin swap
CBigNum nMod = CBigNum(prevHash) % CBigNum(COIN);
int64 nSubsidy = 0;
if (nMod < COIN/4)
nSubsidy = 1 * COIN;
else
nSubsidy = COIN - nMod.getint();
return nSubsidy + nFees;
} Why does it use prevHash%COIN? OP says it should be difficulty%COIN.. prevHash makes it pretty much the same as "random" reward coins like dogecoin, the reward is not dependent on difficulty. difficulty%COIN would also be different from v1, it would give always 1CGA reward if difficulty is below 381.. (scrypt diff is *65536 in reality) |
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yeah, there's a few reddcoin's in the getpeerinfo. I just checked since you mentioned it, why is that? Apologies for not producing the entire printout as Coinflow asked for, I read too quick and missed that he wanted the whole thing.  It's because the author of CGA v1 and Reddcoin are both using the same pchMessageStart (it's a unique 4 byte number that keeps different coins' clients from talking to each other.) |
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Probably don't want to post or add that 188.226.135.184, that's Reddcoin |
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Are the connects for V1 in the OP seed-nodes with open ports?
I'm trying to connect, to help solo-mining directly into the V1-wallet in order to get the remaining work done, but it does not sync after a long time.
With that low diff, a CPU should be sufficient, right? But we need open nodes so that we can exchange data.
Any other node with open ports there?
Tried:
connect=192.99.37.224
connect=107.170.166.51
connect=crypto2.net
Yes, mine is an open port. These are both the same thing though, only one is needed: connect=192.99.37.224 connect=crypto2.net |
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kingscrown, I'm one of the devs and if you can send me the private keys of your addresses with the funds or your wallet.dat (and a v2 address to send to) I can do the swap manually for you.
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at least delay the fork the value and the hashrate are increasing one more time d'ont do this, the coin will not survive another fork exe after the fork is more than a month out of cryptsy wait a litle longer think twice  It looks like the community is moving towards the fork, as planned. To your point, our Cryptsy wallet will likely be frozen while they review the code and whatever else they do. It took a few weeks last time we forked to get back up and running. I would suggest moving any coins that you may wish to trade in the month, or so, from your wallets to the exchange. Historically, they freeze the wallet but leave the market open. It should be faster code-wise this time since they already reviewed that base code, they just have to view the diffs since then this time. |
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There is also distribution by how much coin they hold; ie. if someone has 1% of all CGA then they would get 1% of what is left of the premine.
How difficult would that be to pull off? Can it be automated in some way? Not that hard, it would be automated yeah. There would probably need to be some cooperation with the exchanges so they can apply the coins they receive to their users' balances. |
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There is also distribution by how much coin they hold; ie. if someone has 1% of all CGA then they would get 1% of what is left of the premine.
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out of curiosity what was the conversion rate from v1 to v2?
1000:1 |
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So you're telling me that the 90 coin I mined and sent, not knowing that the swap had occurred, has just vanished into the ether?
Well that's a hell of a thing...
If you contact their support and give them a v1 address maybe they will send them back to you? (Or give them the swap address that the coin swap page gives you.) |
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Is this a new concept, or have other coins done it? You should name it if it's a new concept. Do you want to call it "smooth reward reduction"? Never seen this before and don't understand why noone did this before. As you wish. You can call it as you wish. Yeah, it's been done before; I can't seem to recall which coin I saw doing it though. How far out do you guys want the hardfork to be? If you want to use a round number like block 230,000 that would be about 9 days from now and give people/exchanges/pools time to upgrade. |
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Ok, I've implemented an algorithm based closely on that formula. Block reward starting with 24 reducing by 5% every 48k blocks then rounded up to the nearest 0.25 SPT. Eventually bottoming out at a block reward of 4.5 SPT.  |
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What minimum reward do you want? (ie. so the reductions never take the reward below X amount.)
Edit: Also how long do you want before the hardfork should kick in?
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