New Site is up... we listened to great feedback and it's better optimized for mobile... Henceforth... it's 20% off items in the shop, every monday when you pay with Gamerholic coin. Keep in mind if you take advantage of the arcade... you never have to spend a dime on Gamerholic Win arcade tokens when other players fail to beat your score. Easily go from 0 - 100 coins. https://gamerholic.com Site is looking great, congrats! 20% off if paid with GHC...... GHC's very own cyber monday  will be looking out for a console or a miner in the near future  |
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el3ab: can you explain why it appears that the PoS chain is more efficient the more transactions there is as it was seen during PoW. Seems like is a great thing, the more you spam it the faster and more efficient it gets!?
It is not. That is not true. What ever you experienced with that is a coincidence The blocks were faster durring pow because both pow and pos were competing for blocks. so it was average 25 seconds per block then. Fair enough, it was not just me who noticed this but you know better.
What would happen is:
As long as your input is above ~500 you get 10-50 coins when you find a block based on what you would have got on a 90% interest per year, reward on that block + 10 coins, and if your reward is more than 50 coins that block you get 50 coins only, and this will be like mining. It will be competitive. Each year the production will decrease by 12.5%
Sounds good now that you've explained further. I was splitting my coins right now to the magical number - good coincidence  You got my vote +1 |
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el3ab: can you explain why it appears that the PoS chain is more efficient the more transactions there is as it was seen during PoW. Seems like is a great thing, the more you spam it the faster and more efficient it gets!?
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GREED.... I was staking very frequently with multiple smaller inputs to get PoS blocks during PoW, at the end of PoW I got "greedy" and regrouped my coins in bigger batches to get the fees. Apparently this means I will solve considerably fewer blocks but with "big" rewards - wich I just got and its beautiful - but leaves close to nothing for the chain to work with. 90% is too damn high, maybe shorter coinage to stake more frequently with lower rewards or force smaller inputs some how. Once I get my confirmations I will split my coins again into smaller inputs to help move things along. Maybe this could be the tradeoff and an innovative model where larger holders are forced to contribute more to the network by forcefully staking smaller inputs and not getting the big 10 coin reward as opposed to the smaller holders that do get the 10 coins............. taxing the rich Or a special wallet for the exchange to stake with very little rewards??? |
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FLAWLESS
30001 1507.53398593 2015-03-08 19:38:08 3 0.00024414 822
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"blocks" : 30000,
"moneysupply" : 9042875.00000000,
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Why would someone throw 750THS at the coin when 100 was enough to 51% it? All the guy did was effectively raise the difficulty for himself since no one was competing after 100ths. I think i pissed him off when i sent 75TH/s for about a hour and was solving almost every block for that small amount of time. His response was to send 750 Some people just waist money!
You're forgetting coin-miners.info and some others are also mining it and the pools are not reporting nethash. Also I don't think you can piss anyone off with only 75 TH When i started around 1am last nigh I hit with just 75TH/s last night at Ispace.uk Nova pool had about 20ths total and my pool Ispace pool was around 100 I nailed a Bunch of blocks within the hour then somone pointed 200ths at ispace for about 20 minutes. Then the 200ths left n nova pool shot upto 750ths and your right 75th/s shouldn't be enough to piss anyone off. But when i started it was enough to take about 90% of a hours blocks then a massive jump in another pool! And still 750ths was way to much power. He could have done the same with 1/3rd of that power Looks like you mined at the right time.. nice!..... Didn't know about Ispace or why they wouldn't post to be added to the ann. |
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Why would someone throw 750THS at the coin when 100 was enough to 51% it? All the guy did was effectively raise the difficulty for himself since no one was competing after 100ths. I think i pissed him off when i sent 75TH/s for about a hour and was solving almost every block for that small amount of time. His response was to send 750 Some people just waist money!
You're forgetting coin-miners.info and some others are also mining it and the pools are not reporting nethash. Also I don't think you can piss anyone off with only 75 TH |
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STAKE STAKE STAKE! and make a lot of transactions!
Almost there
"blocks" : 25973,
"moneysupply" : 8059874.00000000,
30000-25973= 4027 blocks left X 500 = 2013500 + 8059874 = 10,073,374 MAX POSSIBLE COINS
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sent some coins for the pool bounty
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Guys, i have realized the min 25k coins to get good rewards is ridiculous.
Even with the auto splitting, only 50 people have more than 25k coins. also everytime you stake you need to combine it again.
I want to change the minimum input to 999 coins. And want to make it a smoother difference in rewards. And put a max reward somewhere higher. And also lower the rewards as time passes like pow does.
For this, it needs serous changes to be made in the protocol.
We should create a test coin with same specs that xcoin has now. then i put the changes on the testcoin and we see if it works. Then once it works i push the changes to xcoin.
The testcoin would be just a test. The chain will be reset a few times probably on the testcoin. Then the chain will end. so dont invest the testcoin. Mine it only to test with me. I hope some people want to test it with me. So we can make xcoin better than it is now.
Sounds like a plan. Agree, the 25K does seem excessive. Im going to release the testcoin so we can test tomorrow. Right now i need to sleep. Thank you all for making such wonderful logos.  I finished the test coin. Can someone make a pool for it? You have to know that the test coin will be worth 0 , so i can understand if you want to get paid a tip for making the pool for the test coin. can you please set up a pool bounty address for the community to donate and for the pool operator to claim. |
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Miners dumping Remember buy low, sell high. Learn to hold. 3? days to the end of PoW  Anyone know the currect coin supply total? I think this coin is going to jump once POW ends because there were a couple BTC buys under 1k and the highest it went was 1.2k I think "blocks" : 22985, "moneysupply" : 7286823.00000000, |
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UPDATE: Was looking into the blockchain acting in doubletime and was told that sending confirms almost instantly, people are correlating this to some sort of "instantx" transaction. Heres what I saw:
SHA miners are finding blocks worth 500 coins but every time there are no transactions included... (im not saying there wont be proof of an sha block found with transactions)
POS stakers are finding blocks worth their 3%+transaction fee near INSTANTLY when a transaction needs to be included in a block.
Ive seen a coin before where when the mempool or whatever was empty it created dummy work. so the dev spammed the chain to provide work every minute which was usually solved in less time. because all the work that could be done was on hold waiting for the mempool to fill, the diff required to solve did not reflect the amount of work capable/readily available, when the mempool filled a block was solved very quickly.
Applies to XCO: if stakers are only solving blocks when theres a transaction(s) to include then inconsistancey in usage will lead to lower diff and higher stakes available so the second transactions appear a solution is found and theyre included/broadcast in a block.
Shitty Example: 20 guys wait at a crosswalk to help seniors, as soon as one arrives there is no wait.
Anyways if this is true, people could spam the chain with tx to limit the POW blocks and reduce the overall supply. if its not true i have a wild imagination.
Thoughts?
Actually, its simply fast to confirm (less than 1 minute target) because pos is active during pow. Average time for a block to be found is 25 seconds now. When pow ends the average time for a pos block to be found will be 60 seconds. Sending coins does not make pow shorter and it does not make a block found. Blocks are found regardless of if there are transactions. About the coins being sent instantly, that is not true. They are broadcast and known to the peers instantly because the internet is fast and we have good nodes. But, they are not confirmed until people find a block(the average for this, is half the average block time) so while its hybrid pow/pos now, the transaction will have the first confirmation in average 12.5 seconds. when pow ends, the average will be 30 seconds to enter a block. but each block still is found at an average of 25 seconds durring pow, and average of 60 seconds when pow ends. First I'd like to apologize for not having a clue how things work. Having said that, I run some tests and I could swear the transactions speed up the blocks somehow?  ? Here's what I did: Sent a bunch of 10 XCO TXs to myself, alternating from different confirmed inputs for each tx (Im clumsy but I did it as fast as i could, ie selecting inputs pasting the address and sending). Started on block 18,390 this is what the block explorer says: from 18,390 and up blocks appear to have been solved with stake diff? and average time decreased a lot as opposed to 1tx 500 PoW blocks before I started my "test" grey parts are prior to my transactions and the red letters are seconds from previous block. https://i.imgur.com/vnvoUF9.jpgsorry again, I guess it is evident I am technically challenged for this kind of stuff. |
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It would be a nice feature to have automatic coin control which groups the IO into 25K coin blocks.
That should be pretty easy to do. I'll work on it. It's a nice feature. can you start working on it now please? I have already started working it  eh... that was fast |
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I'm not sure about the first question, but I was born a hero. Best of luck to the project, but the network is very slow, PoW doesn't work at all - along with PoS. No, you don't. The block explorer doesn't work. There's no rich list. Yeah, we'll see alright, we'll see... By the way, we'll see. I will give it a chance though, but the network is very slow.
Today and yesterday i sent 3 or 4 time coins form c-cex to bittrex, form trex to wallet, from c-cex to wallet and all transaction will be done < 1min ... for BTC it is < 1-2h .... Block explorer -> http://www.blocktree.io/e/XCORich list - > http://www.blocktree.io/richlist/XCO (ofc with trex and c-cex wallet) Tonight i stake 22.06 XCO For me is nice mayby you have a different opinion Let him be, he's just trolling. Just shows people are interested, and some of those want in at the best possible rates and they will try any dirty tactics to achieve that goal. |
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I know who you are dev ) Your code is not clean enough to cover A 30 second scan through your post and tweet history was enough..... Can't decide if hilarious or pathetic. What are you? ten?
CryptoLeaks @Crypto_Leaks
Longtime. Got some documents from a wellknown giant tech company, yep related to #bitcoin. <....> now or you will regret it.Another one of your beauties: As far as I go through this post. Don't really post into BCT.
This is underground nuclear boom.
As far as dev keep doing like as now, this will hit go to sky in no time. |
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more detail , block ? total coin ?
Current block 12,832 Current coin supply 4,640,301 Total coin maybe around 10 to 11 million http://www.blocktree.io/e/XCO |
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Is the PoS interest of 3650% compound or simple annually?
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Hey folks, Kinda new to this whole mining thing, anyways nice to see a Sha256 startup. I tried the e-cash coin however thats one screwed up when it went over to POS, hopefully this one has a better transition. on C-Cex this things is stuck... no movement buying or selling seems to be a big spread. So I picked up a few at 600 Sats.
Yeah, seen the e-cash fiasco. Not the case here, everything has been smooth, coin started staking when it was meant to, no drama.... Pretty sure the transition to PoS will be smooth. Mined a few, bought a few and got them out of c-cex to stake - the moment i clicked the confirm withdrawal email from c-cex I got that pop up with my incoming coins, it was instantaneous. |
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