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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][VRC] | VeriCoin | 14 day PoW | PoS - Dynamic Interest | No Premine
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on: May 14, 2014, 10:05:31 PM
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Just want to say the folks associated with Vericoin and the pools have been most helpful in getting me straightened out with wallets, transfers and mining Everything is working super. Bittrex also good . This coin is super fast
I've come to expect chaos, confusion, inconsistencies, and just about anything else when a new coin launches. PoS capabilities only magnify the problems.
So expecting things NOT to run smoothly is fine. Ironing the difficulties out is the issue which seperates the chances of minting a succesuful coin or a Dud'
This VERICOIN is going to Alpha Centuri if indications ring true.
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1049
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Alternate cryptocurrencies / Altcoin Discussion / Re: deleted thread
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on: May 08, 2014, 07:00:59 PM
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I AM ALMOST 100% POSITIVE OF THIS! IF YOU HAVE REGISTERED @ NITRO POOL YOUR PASSWORD AND LOGIN ARE COMPRIMISED!!!!! They logged into my other pool accounts!!!
I had mine on both Nitropool and POOL.MN
More time on POOL.MN then I noticed my Shibe wern't showing up in my wallet when withdrawn from Pool.mn.
I sent them a message and they requested info and provided some the traced the wallet back to the serverand it was Nitropool.
I had used the same PW,EM, and username to register on both sites.
nitro did tis to 25 accounts on pool.mn.
pool.mn is investigating and the hunt is on.
so stay away from Nitro.Pool. Change any duplicate info you may have used on nitro.pool and other sites
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1050
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Alternate cryptocurrencies / Altcoin Discussion / Re: deleted thread
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on: May 08, 2014, 03:57:18 PM
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I had my withdrawl address changed on shibe.pool.mn Embarrassed
Super sketchy. I will not recommend this pool to anyone. This is the first time this has ever happened to me.
THIS IS FROM A PREVIOUS POSt and SAME THING HAPPENEnD TO ME
I have sent a email to the pool support . We'll C what happens but I would stay away from xxxxx.MN pools if I were U
Too Late for me
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] (WC) | WhiteCoin | ☯ whitecoinfoundation.org ☯ whitecoinpool.com ☯
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on: May 06, 2014, 01:01:22 AM
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Though I wrote this to for a personal response to a fellow BitForum memember I also posted it on This public Forum some pages back.
I received an email from CleanBaldy asking me to come back to the Forum and take part, so I will repost the piece I wrote to explain Staking as it also contains my take on the recent goings-on with White Coin'
I am continually checking these Forums but as a true "Newbie" I stay in 'Watch and Learn" mode while making only brief statements or asking questions. The IRC channel has been most helpful to me and it seems there's always one of the 'Foundation Guys" online who promptly address questions.
The only suggestion I have is the "Foundation " and it's members might be best served by having a "Foundation Approved" person monitoring the IRC message board 24/7.
Here's my previous Post.
WC was the 2nd coin I mined with the souped up gaming rig I had built by a local Computer Repair Out fit. Young guys (25) the oldest. I added another GPU to get the Hash/R up some' Anyway I only had a rudimentary understanding of BTC.
WC has been great for me for learnig because it's been through the ringer and survived attacks, spam, and failures. The Crypto World seemed to decide enough of the Bad guy, spammers, lets save this coin and show people open source can work despite profiteers, scammers, and thieves. I really think the WC story if honestly told is a seminal moment fro Crypto. There R several posts in forums explaining it. The guys to believe R Mogonzo, Mindfox, Crypto West, and a few others
I was following WC closley and was online on the saturday it was supposed to stake and didn't. The orginal Dev had designed it for a quick hit scam, sold the pre-mine he lied about, and the code was poorly written and couldn't stake.
Mogonso and others banned together, convinced people WC could be saved if people aimed their Hash at Chuckypools multipool (To make a long story Short). MintPal was partcullarly helpful.
They got an updated wallet out, secured the Block Chain and it now Stakes perfectly Here is what I know about how it works.
The PoW phase is over. The block reward is now just 10. I'm not sure but in the PoW phase I think it was 1,200/Block. The MultiPool on Chunky has 3 options for mining each a different level of risk. The various coins mined by the MP are then sold with the proceeds used to BUY WC on the open market and then distributed to the pool members. The idea is to support the price with steady BUY pressure.
As for staking. This I know. Staking only became possible after the updated wallet was released. You should encrpt your wallet and unlock it for the best security but leaving it open and unlocked is better for net work performance. When coins (they R time stamped when minted and with each transaction) get into you wallet they will begin to stake after a certain number of blocks R completed. The idea of staking in 24 hours is an approximation of how long it will take to solve those blocks.( I have not been able to find out the number of blocks that must be solved before the product of the "Staking" is sent to the Holders of the Stake Coins.)
When the Proceeds arrive in your wallet (IT's happened 6 times to me) the amount of coins you recieved will appear in the Transaction column lead by the crossed/picks mining symblol.
The # of staked coins the incoming deposit was gleaned from is subtracted from your Balance and shows up in "Stake" balance. Stake + Balance = previous total + incoming transaction.
The Stake coins have been newly minted and need to be confirmed, The initial amount of coins listed next to the Mining Symbol are in light type. When they R confirmed the go bold and the corresonding number of coins in the Staking folder are returned to the Balance. Only the coins in "Balance" can be spent, withdrawn, or transferred.
That's my understanding. I'm working daily to get up to speed on all this Cryoto "Stuff" The ingenuity of MR. Satoshi is beyond compehension. The system will work. To work to it's highest potential "TRUST" is essential. Quick-Buck artists and thieves R a reality in life. Will the good guys or the bad guys win? It's up to us the Crypto Community. The White Coin Foundation saved this coin and set the bar for what needs to, and can be done if Crypto is to reach the High vision of Mr. Satoshi.
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