 Show Posts
|
|
Pages: [1] 2 »
|
If you do choose to mine, I strongly recommend that you connect to Blaksmith's pool at geekhash, or run hozer's P2Pool code - the hashing there will speed testing and shorten the amount of time it will take to fully test the release.
If you want to connect to the test chain and see how it might affect you, back up your wallet.dat and catcoin.conf, delete the rest of the files. Then remove the addnode entries in your catcoin.conf and replace them with the master nodes: 107.170.40.107, 198.23.248.246, and cat.geekhash.org. The block as of this posting is 23249
Test chain? Can you please clarify what that means? You said you were on a testnet, but the geekhash node is part of the official list. |
|
|
|
the official ones:
addnode=cat.geekhash.org:9933
addnode=ultimatecoinpool.com:9933
addnode=eu.coinium.org:9933
addnode=us.coinium.org:9933
addnode=teamcatcoin.com:9933
It doesn't help if the 'official' nodes aren't on the same chain... Geekhash seems to be at 22992 while the other ones are all at 22883, which my wallet also sits at right now. This really is a mess. |
|
|
|
I discovered if I close my wallet, and start it up again, the problem returns. The wallet stalls endlessly and will not sync. I can keep up using the delete and rebuild method, but there is a bug in the wallet system that would be nice to be fixed. Developers please take note. Thanks.  I think you're fine, it's just an hour behind because no block has been found since, which is a problem, but not with the wallet. If you want to make sure, check http://catchain.info/chain/Catcoin and see if your wallet has the same block. It shows 2 hours behind for me too, which is true, we're not even close to 10 minute blocks. |
|
|
|
One thing I wasn't too happy about tonight was getting an email from http://www.catcoinforum.com/ to my registered email account urging me to switch to poolerino. I'm not sure what affiliation the forum owner has with that pool, but considering they were on the wrong fork, it probably didn't help matters. Anyway. Bed time. Ciao. Today's fail might have happened because Catcoinforum sent that email -- it definitely played its role in causing Poolerino to have >=51% network hash. Why is the forum choosing only one pool anyway? Did they pay him? I don't know, but I'm not happy with the way the owner seems to "speak" for the community on more than one occasion in this thread. It's fantastic he's got a forum for Catcoin, and much respect to him for maintaining it and running it, but this is more or less an ad-hoc democracy. There's no hierarchy. He announced in this thread when we were debating the fork a thread on his forum on whether or not the coin should fork. As far as I'm concerned this thread is the official thread, and any decisions about Catcoin's development should be made here. It's bad enough as it is in here sometimes when there's a panic on. We need coordination. Not discord. If he can help coordinate efforts, that would be great, but there can't be several people making rogue decisions that could cause even more confusion. It gets messy and it harms Catcoin. Anyway, I really must go now. See ya.  He also asks for donations in almost every post. I'm getting more and more uncertain whether he should have the responsibility for managing (what should be) a great Catcoin community. Go sleep, good night! I asked him about the poolerino plug and he said he is advertising them because they were the first to lower the confirmations. |
|
|
|
I think something is going wrong as my wallet shows I am on block 20325 but latest transaction block on poolerino is 20335
How is poolerino on 20335 but coinium on 20323? Slow to update? Simple, poolerino is on their own fork of the fork. |
|
|
|
There are 2016 blocks between retargets currently, we are on block 20269 and the retarget is 22176, meaning we have 1907 blocks remaining before the difficulty returns to normal levels. At the current hashrate (assuming it doesn't drop like a rock, which it is) at the current rate of a block every 1.5 hours (avg over last 12 hours), that means we have just a little over 119 days until the diff unfucks itself, people are NOT going to wait around that long mining an unprofitable coin.
It also means that transactions are taking a minimum of 4.5 hours to confirm to the exchanges and NINTY hours to confirm from even the shortest pools. This is unsustainable, and if you see it any other way you should get yourself checked for delusion.
We are not changing anything about the currency other than letting the difficulty recalibrate more often, protecting us from the huge pools that hop around. I'm really not sure why you're so angry about this, there's just no other way to keep this coin alive. you are changing the exact protocols which made people invest in the coin in the first place. the numbers show that we need time to catch up with the current difficulty retarget, nothing more. do you think people honestly buy this coin becuase of the fucking cartoon cat? we just saw a huge rise in price that was not justified by any value or usefuleness of the coin. nobody uses the coin for anything other than speculation. now, we just need to wait for everything to catch up. guess what? you bought into your own hype, and learned things of no value shouldn't shoot up in value that quickly. that's the market making up for catcoin's noob mistake. Do you normally change the rules of the game after the game has started, if you realize your team is losing? So, you're saying we can't change anything because we agreed on these parameters. But either way one of them is wrong. Right now the block time is not at 10 minutes. So, did people invest in 2016 block retarget time or a 10 minute block time? We have to choose which one is more important. Since the block time right now is actively preventing people from using the coin, I'd say it's more reasonable to change the parameter that exists primarily to keep the other value stable. |
|
|
|
it is fucked now if we don't fix the retarget. Blocks should be mined at 10 minutes a block on average. Right now it's getting to 90 mins and more. proof here, just look at the blocktimes: http://catchain.info/chain/Catcoinsorry, speculators dug you into this hole. wait it out. everyone got into catcoin agreed on the protocol, retargets, block times, reward schedules, and total number of coins. We all went through the information provided, and agreed this was the common protocol we would use. now that there is money in catcoin, a small, but vocal minority want to change catcoin to benefit themselves financially, under the guise of 'we must fix the retarget'. essentially, changing the rules everyone agreed on when they got into catcoin. if everyone was so concerned about a fucked up retarget, we should have talked about that BEFORE the fucking coin was launched. please note: catcoin blocktimes are in the shitter because for a miner, THERE IS NO FUCKING POINT to mine a currency that is to be FORKED in a day! your own self-fulfilling prophecy. I would maybe get what you're saying if we were about to change block rewards or something else which would affect coin supply and therefore coin value. Fixing the retarget time is just adjusting to the glaring block time issue, which was showing before there was any talk about a fork. This was brought up because of the issues, not the other way around. |
|
|
|
As there are not transaction are possible if no new blocks will be found, who does it work once all blocks are generated ? Bloody newbie question, but ...  There's no limit on blocks generated, because as you said that needs to happen for transactions to be possible. If you wanted to ask what happens after all coins are mined (This does happen as block rewards will halve until they are 0), this is were transaction fees are supposed to reward miners for finding new blocks. This takes a very long time though and hasn't happened yet for any coin as far as I know. |
|
|
|
If I have catcoins at exchange, are they "safe" there in term of this fork ? (i know exchange owner can run away with them, but that's not what i'm asking here:) )
You can withdraw them on whatever chain the exchange is on. If they update to the forked version, you'll be fine. If you want to be on the safe side, withdraw them before the fork happens. That way you can spend your coins on both chains, no matter which one survives. but If I withdraw them now, will they even get processed by the time fork happen? I have them on cryptsy. You just need the transaction included in the blockchain before the fork. Confirmations for it should still happen after the fork, as it's part of both chains. |
|
|
|
If I have catcoins at exchange, are they "safe" there in term of this fork ? (i know exchange owner can run away with them, but that's not what i'm asking here:) )
You can withdraw them on whatever chain the exchange is on. If they update to the forked version, you'll be fine. If you want to be on the safe side, withdraw them before the fork happens. That way you can spend your coins on both chains, no matter which one survives. |
|
|
|
The site states "8PM EST, Caturday January 4th, 2014.", but the countdown seems to be based on 8PM local time, not EST. |
|
|
|
5) Block reward = keep the same at 50, but with just one minor modification*
* You solve a block. If the current difficulty level is significantly easier than the last difficulty level, your block reward will depend on the results of performing a simple loyalty check. If you can point to a block you solved during the last difficulty era which you did not point to before (i.e., comes from the same address), you get the full 50 coins. Otherwise, you get half (25 coins). The balance of coins are carried over to the next block reward or destroyed.
Blocks are technically solved by the pools, rather than the individual miners using them, so this does nothing. |
|
|
|
|
I have to agree that we have to fix this. It's a fact that the retarget time with the current diff is a major problem right now.
I don't see how waiting would solve anything. The current situation isn't appealing to either miners or investors.
Various ideas have been tossed around about how difficult retargets should be approached and basically manipulated in order to counter multipools.
Seriously, forking the coin does sound silly to some of you but going through the effort of playing the system like that doesn't?
|
|
|
|
Coins are different from the stock market in that there is a projected future cash flow from ownership in shares of companies. Coins are purely a speculative vehicle and thus "corrections" that occur when a stock crashes due to its price way exceeding the fundamental value of the company can not happen in this market. If people truely "believe" that CAT is worth any amount, it will be worth that amount here, there is no cash flow to be concerned about, it's just pure supply demand. Thus "manipulations" don't always lead to a "correction" since once the price goes up, if most people accept that price as the new "correct" price then it is in fact the correct price and there is nothing that they can prove them otherwise. Added to the fact that all these coins have super low market caps and a lot of whales moving in and out and playing the daytrading game means that you can't confidently say price reflect market sentiment even. It's what makes coin investing so risky and fun as well as lucrative.
tl;dr Coins have no cash flows attached to them, thus price doesn't tell you anything about the "value" of the coin at any given time.
That makes it really hard to speculate whether the coin will increase or decrease in value. Do the stock charts bear any indications similar to stock exchange charts? In big markets like BTC where there are a lot of "chartists" (People who think they can predict stock movement based on historical price movements), it becomes like a self fulfilling prophecy where a shape appears and a bunch of people decide it's time to buy/sell thus moving the price in that direction. In most altcoin markets, this doesn't exist since the market is too small. In these markets, ONLY supply demand rules over everything else. As people have pointed out correctly in this thread, the fact that there are few coins being mined means that supply is shrinking. If demand is constant or goes up, then yes price will indeed go up. The problem UNIQUE to CAT is that it's block confirmation times copy that of BTC which as I stated in a previous post is a MISTAKE. You want demand to go UP for price to go up. But as blocktimes increase, people will be LESS inclined to trade CAT instead of say DOGE or Kitteh with much shorter confirm times. Because of the annoyingly long block times, demand is currently stagnating. Having 10 min block times is not a good idea even if it copies BTC because one of the most fundamental improvements altcoin added to crypto was having SHORTER block times, thus this is a regression and not an innovation to go back to 10 min. If demand doesn't go up because of this inconvenience, and supply continues to shrink. Price will STILL not go up. Instead volume will decrease and slowly CAT will die. I don't want this event to happen, I pointed it out previously that CAT should have had 5 coin block rewards at 1 minute intervals to compete with other coins. If this can be changed somehow, CAT demand will increase and it will have a chance again. Have a chance again The coin is one of the top coins in the world now. In just a week. I think you are trying to crash the price to buy back in. The reason this was not an issue before this last retarget is due to the fact that previously the difficulty cap kept block times very short (2-5 min in the last two retargets). This is comparable to altcoins as a whole and incentivizes MORE miners to continue mining instead of less. Right now the difficulty/price is such that it incentivizes miners to leave instead of new ones to come. This is a pivotal moment in this coin and the community needs to actually come to terms with the problem instead of brushing it under the rug and claiming that promotion is the only way to increase the value of the coin. We can not ignore the miners since they also play a vital role in a crypto ecosystem. It must be properly balanced so that the interests of the investors line up with the interests of the miners. I am certainly not trying to crash the coin. I have thousands of dollars currently invested in it and if it crashes it would be disasterous for me. I am trying to improve the coin so that it remains competitive with other altcoins, more of which pop out every day. I do see the point you're trying to make. It also slows down transaction times, correct? If the amount of hashpower doesn't increase significantly after the next difficulty increase, what sort of block times would we expect? There wouldn't be an increase at the moment. The difficulty would decrease to bring the block time back to 10 minutes. |
|
|
|
Coins are different from the stock market in that there is a projected future cash flow from ownership in shares of companies. Coins are purely a speculative vehicle and thus "corrections" that occur when a stock crashes due to its price way exceeding the fundamental value of the company can not happen in this market. If people truely "believe" that CAT is worth any amount, it will be worth that amount here, there is no cash flow to be concerned about, it's just pure supply demand. Thus "manipulations" don't always lead to a "correction" since once the price goes up, if most people accept that price as the new "correct" price then it is in fact the correct price and there is nothing that they can prove them otherwise. Added to the fact that all these coins have super low market caps and a lot of whales moving in and out and playing the daytrading game means that you can't confidently say price reflect market sentiment even. It's what makes coin investing so risky and fun as well as lucrative.
tl;dr Coins have no cash flows attached to them, thus price doesn't tell you anything about the "value" of the coin at any given time.
That makes it really hard to speculate whether the coin will increase or decrease in value. Do the stock charts bear any indications similar to stock exchange charts? In big markets like BTC where there are a lot of "chartists" (People who think they can predict stock movement based on historical price movements), it becomes like a self fulfilling prophecy where a shape appears and a bunch of people decide it's time to buy/sell thus moving the price in that direction. In most altcoin markets, this doesn't exist since the market is too small. In these markets, ONLY supply demand rules over everything else. As people have pointed out correctly in this thread, the fact that there are few coins being mined means that supply is shrinking. If demand is constant or goes up, then yes price will indeed go up. The problem UNIQUE to CAT is that it's block confirmation times copy that of BTC which as I stated in a previous post is a MISTAKE. You want demand to go UP for price to go up. But as blocktimes increase, people will be LESS inclined to trade CAT instead of say DOGE or Kitteh with much shorter confirm times. Because of the annoyingly long block times, demand is currently stagnating. Having 10 min block times is not a good idea even if it copies BTC because one of the most fundamental improvements altcoin added to crypto was having SHORTER block times, thus this is a regression and not an innovation to go back to 10 min. If demand doesn't go up because of this inconvenience, and supply continues to shrink. Price will STILL not go up. Instead volume will decrease and slowly CAT will die. I don't want this event to happen, I pointed it out previously that CAT should have had 5 coin block rewards at 1 minute intervals to compete with other coins. If this can be changed somehow, CAT demand will increase and it will have a chance again. Unfortunately a lot of alt miners are accustomed to very quick confirmation times. I've seen people quit mining cat because they felt ripped off by the pools after not receiving any coins. With the current hashrate, mined coins will be available for the miner after 30 hours... I'm pretty new to cryptos as well, but when I first started mining I read up on how the system works, but I've instructed a lot of new miners in pools and a lot of them don't even know what confirmations mean and how it's tied to block time. Pools really need to at least make it very clear that miners will get their coins eventually, or they'll just give up. We can't really afford losing much more hashrate, 45 minutes to make a deposit is already pretty long for traders as well. |
|
|
|
Move over Dogecoin, there's a new contender in town.[...] At the time of writing one Catoincoin is over 200 times more valuable than a single Dogecoin, being valued at 0.001049 BTC per coin, compared to 0.00000058 BTC per Dogecoin. (Source: https://coinedup.com/). [...] 200? Those values add up to one Catcoin being worth as much as 1800 Dogecoins. Also, the Dogecoin comparison is good as an opener, but I would take out the comparison towards the end: Just a week since launch and this new digital currency has gained the same attention as Dogecoin once did This was already stated exactly that way as an opening statement and you've already expressed that we're taking it one level further than doge. The rest of the last paragraph is really strong, I like it. Catcoin more closely resembles Bitcoin in terms of its overall mining difficulty and circulation It's actually the same as far as I know, maybe we should emphasize on that? Just a few thoughts, overall I like it so far though |
|
|
|
@ teamcatcoin pool. Why 120 confirms? Seems excessive. It means 75% of my mined coins are always stuck in purgatory.
Also - It says 0 cat fee for withdrawl is that correct?
120 is pretty standard across all pools for mined coins :3 A fixed number doesn't make sense when some coins have 15 second blocks and some have 30 minute blocks. That's a network thing, nothing the pools can do about it afaik. Newly mined coins take 120 blocks to mature. |
|
|
|
Who agrees with me that the hyper-link for catcoin on coinmarketcap should redirect to the official forum - www.catcoinforum.com
I think it would be more beneficial for new members and visitors. If you agree with this please help me request this by contacting kr105.
Thank you all. I think it would be more beneficial if it lead to http://catcoins.biz/, which has all information needed for getting started with the coin and also links to the forum. |
|
|
|
Provide transaction ID (right click on transaction) and post here. cacc3bfa6f4ae6a926be0df9a2f728fa70dd8a00b2632c8274b3c71081061d9c-000 Status: 0/offline, has not been successfully broadcast yet Date: 28-12-2013 10:56 To: 9gTqvUWGYjLRwVLgrifnWovu2KuGGR4prF Debit: -183.00 CAT Net amount: -183.00 CAT Transaction ID: cacc3bfa6f4ae6a926be0df9a2f728fa70dd8a00b2632c8274b3c71081061d9c I had that happen. Try to restart your wallet, it's not been sent out for some reason. |
|
|
|
|
