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When providing the next update there are a couple of things that should be looked at and would be good to discuss them a bit beforehand.
When using the IRC within the wallet, if you type in anything in the "console/pm" field other than /PRIVMSG the QT will crash. This is present in the Windows and Linux wallet and talking to MDTspain, it does not seem present on the Mac.
Also, the minimum fee is much too low at 0.00001 Coins per transaction and presents a bloat issue where it is virtually free to send alot of meaningless transactions. Peercoin has a very similar coin float and the fee there is 0.1 coins (or approximately 10 cents per transaction), the larger fee has helped keep the size of the Peercoin Blockchain to approximately 380 mb after 3 years.
Taking into consideration the float value and size, I think the minimum fee should be in the neighborhood of 0.1 - 1 Coins, higher being better until the point where the distribution and value is high enough that it needs to be lowered.
A higher fee is better because it also provides more Coins through Stake. In every Block all transactions are gathered up and the sum of all fees within that Block go to whoever Stakes that Block. The amount of Blocks a person would Stake is proportionate to the amount of Coins Staking on the network and the amount of Coins in the transactions.
In order to further reduce the amount of transactions and size, a Stake split threshold can also be introduced. This is present in Blackcoin and several other POS only coins and is the point at which when you Stake, it will not split your transaction into 2 parts. For Blackcoin, the threshold is 1000 coins so if you have a Block of 1000 coins or less that Stake, you do not have to spend the amount of the TX fee in order to re-combine those transactions into a larger Block.
A couple other things that can be done as well going forward is look to get listed on exchanges that offer interest bearing accounts for POS coins. There are several exchanges that have begun to offer this option and would be good to be on the lookout for exchanges that are able to offer POS interest while keeping coins on the exchange.
Also, Whitecoin has been working on their own Operating System. Basically it is the Wallet compiled within the Ubuntu operating system and something like this is good because a POS only coin should have as many people Staking as possible so instead of just trying to secure the wallet, it would be better to secure the entire operating system around the wallet. With a secure Linux operating system within the cloud, you can SSH into your wallet from anywhere and on any system so you don't need to have a wallet for Windows, another for Mac and another for Android because you can access it through something like VNCviewer.
I like the idea about stake split threshold as also for exchanges that offer interest bearing. Let's discuss more on #mutliwallet channel or here with our devs to see what is possible to realize. Thanks for your contribution, all ideas that bring additional value to MWC are warmly welcome  |
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so, had first test for the pool. it was... interesting. failed but. thats ok. gunna fix it and try again. will keep u posted
Update: after it was initially tested. i redid a large section of the database, changed the way the shares solved were stored, fixed connection issues and now we are up and running and as far as i can tell there is a normal amount of reject rates atm. so if you want to test just follow the instructions found here: http://www.primetimepool.net/Coins/Multipool/Getting%20Started.htmli would just like to restate that during this time of testing, payment for shares solved is not guaranteed as i haven't fully tested the system yet. simple as that. My two rigs were on multipool testing all night and can say that reject rate is awesome. All GPU's had reject rate from 0.00 - 0.1%, which is great! From experience I know that some of multipools needed weeks even longer to get rejects in normal rate, this multipool reach this with first testing. Great job! After polishing some code I expect that reject rate will be around pure 0, which is fantastic achievement right Keep up the good work! beside, my rig still riding on multipool, everything works as it should. |
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Don't you think .05 BTC as payout threshold is a little bit too high ? Its seems too me that one need a serious ammount of hashpower to reach that in accepatable time. But I quit mining some months ago so I'm not exactly familiar with the current situation in mining. Just an impression.
Actually 0.05 is not to high at all, since is in early beta stage, this amount can be reached with 10 users per ~15mh/s (more/less avarage rig power on home user) on x11 algo. This combined power is also kind a minimum for testing the overall functionality of multipool. Beside multipool will do the payments regularly on settupd keystone or on every 24 hours, again the most of the multipools doing this as also in later stage are doing payment on 24h based mining. So everything is fine, and don't forget that this multipool were written from 0, hard/hand coded by our dev griffith, so again no cope/paste from others. Complete home product from our kitchen  So far excellent job. Front end will be updated later today too. |
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Donation page is just updated! Take a look on http://www.multiwalletcoin.com/donations/and give your comments and suggestions how to create it better and more transparent. Income/Outcome charts together with percentage spent divided by category of spending will be posted on same page soon! |
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just put some buy orders, anyone want to resign? don't think that people will resign right now after all development happen but highly respecting your orders Buy on dips like this one, and hold after |
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Devs, what next? When you will release new features?
the multipool should FINALLY be read this weekend. i suck at web development in html, php and CSS... the back end with python and node.js was really easy though.  Part of the front end is done already as other half is under development too. If everything goes well I'm expecting to finalize the front-end latest tomorrow |
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Thanks, i already submitted links to "sovie" for downloading all logo files in various formats as you can see on screenshot and for bounty claim.  Thanks again for fast response and congratulation again! Might contact you soon regarding the logo, technical stuff. Enjoy your prize, spent smart and keep hold |
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Seems lile MWC gets delistet on C-CEX.com  Yeah well no ones uses or trades (MWC) there, so it's only natural MWC will gonna be de-listed from 6th of October if there is no some significant volume. C-cex overall have low volume, so don't know what volume means to them, but lets wait and see. IF is going to be really de-listed, than we should notify people there to withdraw their coins on time. |
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thanks a lot! appreciating supporting MWC! MostWantedCoin = multiwalletcoin:) |
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A reply to Cressington : no what you mean is you can't have the oppertunity to copy what we have achieved. No one is forcing you to use anon and the wallets are exactly the same as they were before, used normally. So no need to make a scene if you don't like the fact and or respect developers efforts then we ask that you follow so me other developer who will allow you to do what you want. We also request that you not liabise us with false innuendos and or rhetoric which quite frankly nononw of us know who you are or that you have any authority in anything whatsoever. So to some it up for everyone else this guys unhappy that he can't copy our work but can still use the same wallet thats been up on github and everyone has been using all along for months without one simple anon button. We have a right to develop and to provide services to those who wish to use them free from harrassment and ambiguous innuendos based on nothing but either jealosy, or the intent to plagarise. After all we have done this all for the community from our own funds time and hard work and we will ne offering the community much more they ever though possible from a coin. We are not asking the community for funds either so any and all your assertions that you have made or are thinking of making are the makings of a good tv show but nothing more, Mr Fudder so to those of you who would like to just come and spread fud for the sake of it we do not give you consent to do so, and we reserve the right to operate and work in peace and without recource of harrasment. thank you kindly for your interest in our coin Wow, what a lack of respect for people investing in your coin, if you want to play the speculation game then I have a big problem with that. You want to be 1 post anonymous developers and force everyone to only use your precompiled code so where is the trust? Yes, I can compile code, nodes, seednodes, light wallet work, always online wallets, forums and I also own 2% of the money supply. Here is not about lack of respect, it's quite opposite actually. No-one says that all this features will be not open for public and in non pre-compiled code, just there are experience that teach us differently. After some time passed and things are proved as working, all features will be delivered openly, this just mean it is matter of time. If you are really supporter to this coin and investor from early days of this coin, than you probably know what kind of situation happens and this is not only story in this particular coin, but in many other too. With all this hard work and determination to deliver what we promised about its a securing the investment, not scamming the investors. By other side what is guaranty that some other dev from other coin will not use feature that you build for a months and scam your own time, investment and reputation for nothing. And where you found out that the dev behind the multiwallet coin is 1 post anonymous ones??? look on their member status here, it telling more than enough. Im recomending to take a closer look on previous posts as also website and other materials, than we can talk about 1 post anonymous developer... Again, I'm not underestimate your honest intention as investor, but don't give the right to yourself to call our team anonymous developers after almost 2 months of hard and daily based work here. Results in active development telling different story that one trying to appear here. Thanks again and looking forward to contribute together for mutual benefit of multiwallet and multiwalletcoin. |
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Anon feature works for me perfectly too! |
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Very nice update THX for the work ! P.S. I wonder about the poor market resonance. And there is always this fucking sell wall around 400sats.... it is a bot playing still, make me nervous too... but hope that soon we will get momentum and will eat all of those who are trying to get few % of profit... |
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Is there any POD for this coin? We are developing our own Proof of Developer, and it will be on our website soon. Beside, what is guaranteeing that POD done by others are trustful. I'm not underestimating anyone's hard work, but sending full private details to someone its not the safest thing you should do today. We are more than a month and a half here, on single day basis full 24h and if you take a look on the thread and our official website www.multiwalletcoin.com anyone can see that we are fully determined in active development of multiwallet. Lot of great things are coming from our dev's kitchen, and we didn't invest our skills, time, money and expertise in order to scam people. We are here to stay and to offer something new to crypto scene that will create a positive change for mutual benefit for all crypto world. Keep follow, you will be surprised more than you expected |
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1.3135 BTC Wall at 400 now. :/
will be eaten very soon...latest by tomorrow ;-) there was a wall?  |
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Hello guys and girls, voting can officially can start! Feel free to vote and to spread the info about voting in order to allow to everyone equal chance for winning! https://bitcointalk.org/index.php?topic=799068.msg8985843#msg8985843Thanks again in the name of MultiWallet foundation for all who participate, motivate others and support this contest as community engagement with the goal of creation better visual identity for MultiWalletCoin as also MultiWallet in general. Good Luck! |
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For all who are interested to follow active development of multiwallet and multiwalletcoin can join us on our official irc freenode page #multiwallet. There are no wrong questions there, feel free to ask whatever you are interested related to mwc. Ah yes, did I told you already that you can visit our irc page directly from your wallet and get in touch with other people on channel? It's raining there often, bring your umbrella to collect free mwc! |
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I'm just wondering who are the people that are selling so cheap... Don't complain after you loose. For all others who belive in multiwallet development, keep an eye in next few days, more great things are coming!
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Some good buysupport today! Buy now or regred later +1 |
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