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Author Topic: [ANN][ENRG]Energycoin since 2014, a coin with a green mission  (Read 168227 times)
sardokan
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April 16, 2016, 07:52:19 PM
 #721

Looks like that after the new release my coins are not ageing. My staking weight is approx. the same as my coins. Why is that?

Since 1.5 hardfork. The block reward is fixed (5 enrg)

To earn your interest you are incentivized to stake all the time.

It also mitigate an attack where an attacker could mint too much blocks in a row with old coins.

Blocktime as also been increased. And inflation reduced.
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April 17, 2016, 06:21:07 AM
 #722

Looks like that after the new release my coins are not ageing. My staking weight is approx. the same as my coins. Why is that?

Since 1.5 hardfork. The block reward is fixed (5 enrg)

To earn your interest you are incentivized to stake all the time.

It also mitigate an attack where an attacker could mint too much blocks in a row with old coins.

Blocktime as also been increased. And inflation reduced.

Ok, makes sense.

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April 22, 2016, 12:24:24 AM
 #723

ENRG added to ROKOS website: https://twitter.com/AltcoinOfficial/status/723302623072391168

OK is open-source; its design is public, nobody owns or controls OK and everyone can take part.
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April 22, 2016, 01:07:25 AM
 #724

Awesome change to combat inflation, guys! And I'm seeing a lot of new names posting here, Smiley. Sadly, I still can't get involved with ENRG yet but do still follow you from time to time!
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April 22, 2016, 03:32:09 AM
 #725



That's nice. Smiley

RT: https://twitter.com/Peterenrgdev/status/723352870909673472

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April 22, 2016, 03:54:21 AM
 #726

Awesome change to combat inflation, guys! And I'm seeing a lot of new names posting here, Smiley. Sadly, I still can't get involved with ENRG yet but do still follow you from time to time!


Hello ranlo,

Glad to hear that you are following. Smiley

That change to combat inflation is the best way ensuring ENRG can survive for long.

Yes we keep growing...... nevertheless, we look forward to seeing more people like you can get more involved with ENRG soon.

Peter


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cryptonit
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April 25, 2016, 05:55:07 PM
 #727

a finding and feedback for DEV

coincontrol have some issues
custom change address is not used
and selftransactions where u select what coin pile he should use
are not executed with the coin piles u selected
instead he seems to automatioc select them like no coincontroll used

(windows wallet)

 
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April 25, 2016, 06:17:43 PM
 #728

additional the unlock "for minting only" option is missing at unlock
which would at least lock the gui elements for tx
so when someone have access to ur minting PC he cant send coins without know PW even if its unlocked for POS

 
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April 25, 2016, 07:07:21 PM
 #729

i see lot POS block created with a coinpile of 25000 or more and not split in two coin pile

is the wallet setting that split coin pile if its above 5000 ENRG disabled?

 
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sardokan
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April 26, 2016, 11:47:56 AM
 #730

additional the unlock "for minting only" option is missing at unlock
which would at least lock the gui elements for tx
so when someone have access to ur minting PC he cant send coins without know PW even if its unlocked for POS

Thanks for that.
I was not aware that this feature exists.
It's great, it's exactly on the topic I was investigating
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April 26, 2016, 05:01:39 PM
 #731

a finding and feedback for DEV

coincontrol have some issues
custom change address is not used
and selftransactions where u select what coin pile he should use
are not executed with the coin piles u selected
instead he seems to automatioc select them like no coincontroll used

(windows wallet)


Hello cryptonit,

Thanks for your feedback. Smiley

This should be an old issue existing since day one. We haven't changed any coinconrol related codes in recent releases.

FYI, we are now working on a new v1.5.1 client, which will be mostly for updating checkpoints after 2.1m block height.

We will see if we should put a priority on that coinconrol fix, although this issue doesn't impair security and most users don't even need to use coinconrol.

Before that happens, at least you could still use "Add Recipient", then enter your custom change address there and "copy change" amount. However, you may still need to do a few more manual transactions if you want to eliminate all unspent inputs from those change addresses automatically created by the qt client.

Peter

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EnergyCoinDev
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April 26, 2016, 05:06:37 PM
 #732

additional the unlock "for minting only" option is missing at unlock
which would at least lock the gui elements for tx
so when someone have access to ur minting PC he cant send coins without know PW even if its unlocked for POS


OK I believe adding that "for minting only" option will help make our qt client more secure.

And thus we decide to take it as a priority and will add it in v.1.5.1.

Stay tuned. Wink

Peter

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EnergyCoinDev
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April 26, 2016, 05:11:35 PM
 #733

i see lot POS block created with a coinpile of 25000 or more and not split in two coin pile

is the wallet setting that split coin pile if its above 5000 ENRG disabled?


My best guess is someone did amend that 5000 split threshold in the source code on his own and use his own "private" client for staking.

We can't avoid it, because EnergyCoin is (and has to be) an open-sourced project.

But I bet most users won't do it, not only because of the solid skills needed to correctly amend the source code, but also for the reason that setting a too-high split threshold will eventually reduce their annualized PoS interest rate and thus a lower ROI for them.

Peter

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energycoin.operations
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April 26, 2016, 05:42:56 PM
 #734

i see lot POS block created with a coinpile of 25000 or more and not split in two coin pile

is the wallet setting that split coin pile if its above 5000 ENRG disabled?


My best guess is someone did amend that 5000 split threshold in the source code on his own and use his own "private" client for staking.

We can't avoid it, because EnergyCoin is (and has to be) an open-sourced project.

But I bet most users won't do it, not only because of the solid skills needed to correctly amend the source code, but also for the reason that setting a too-high split threshold will eventually reduce their annualized PoS interest rate and thus a lower ROI for them.

Peter
This are the wallets of the investors of EnergyCoin who paid for the development.
This feature is also to prevent that community EnergyCoin Foundation wallet becomes too fragmented and the other reason is  that small wallets can get a fair stake.

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April 26, 2016, 10:17:56 PM
 #735

i see lot POS block created with a coinpile of 25000 or more and not split in two coin pile

is the wallet setting that split coin pile if its above 5000 ENRG disabled?


My best guess is someone did amend that 5000 split threshold in the source code on his own and use his own "private" client for staking.

We can't avoid it, because EnergyCoin is (and has to be) an open-sourced project.

But I bet most users won't do it, not only because of the solid skills needed to correctly amend the source code, but also for the reason that setting a too-high split threshold will eventually reduce their annualized PoS interest rate and thus a lower ROI for them.

Peter
This are the wallets of the investors of EnergyCoin who paid for the development.
This feature is also to prevent that community EnergyCoin Foundation wallet becomes too fragmented and the other reason is  that small wallets can get a fair stake.

u know that most of the blocks found are found with coin pile above 5000
by provide special users wallets with above 5000 splittreshhold u basical cheat
to say everyone could adapt his codebase on his own and compile wallet
exclude like 95% of crypto crown from optimal POS coin pile size
which is at the moment between 7500 and 15000 enrg
a value that the available wallet is not able to maintain without mircomanagement of coin pile

this u really should consider to evaluate and change the setable range higher to at least 1000-15000

u have to understand a value of 15000 still will lead to average blockpile size 11250 (area 7501 to 14999) 
because a 15001 pile will still split

 
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April 26, 2016, 10:30:25 PM
Last edit: April 26, 2016, 10:48:05 PM by cryptonit
 #736

150 sec blocktime 120 million coins 1 day min age
if only lets say 50% of coins are in active POS wallet

that means 24 hours divided by 150 sec blocktime = 576 blocks a day

60 million coins divided by 576 blocks = 104166 ENRG


so in fact my posting above was wrong too

u should set the possible spittreshholdseting way higher up to 100000k

what setting people really choose should be their own estimation of POS difficulty

a default setting that make sense would be like 25000

at a system where u get not paid by coin age but by blocks found

people participate in POS must be able optimize their coin pile size

with coinpile below 5000 enrg u have for sure not the optimal size to compete in POS for blocks

just check here how many blocks have a value out of 5000 or below to judge my observation

https://chainz.cryptoid.info/enrg/
 

 
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April 27, 2016, 06:17:29 AM
Last edit: April 28, 2016, 03:47:22 PM by energycoin.operations
 #737

Core Team Members & Management

EnergyCoin Management Team
energycoin.operations - OP owner Brian Mulder
sardokan - technical and security advisor, the Community Manager on EnergyCoin Slack
neleonele - Core Team Member

EnergyCoin Dev Team
EnergyCoinDev - Peter, EnergyCoin Developer at EnergyCoin Dev Team

EnergyCoin Advising Team
Joachim de Koning - advisor, founder of InternetofCoins.org

EnergyCoin Foundation in formation
Anne-Marie Pronk
Rob Bakker

Investors EnergyCoin
Crypto4Jan

Want to contribute and join us? You may contact the members of management or dev team for further discussion.

Hi Community,

Crypto4Jan has handed over the leadership of EnergyCoin, see quote the new team.

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April 27, 2016, 01:22:58 PM
 #738

can someone explain the background of that change in leadership
does it have impact on the roadmap and vision

i guess it would be great if the new project leader give a statement about
vision and roadmap from his perspective

some info about the foundation that is in formation would be also nice
additional info if and how people can join it

 
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April 27, 2016, 03:17:29 PM
 #739

150 sec blocktime 120 million coins 1 day min age
if only lets say 50% of coins are in active POS wallet

that means 24 hours divided by 150 sec blocktime = 576 blocks a day

60 million coins divided by 576 blocks = 104166 ENRG


so in fact my posting above was wrong too

u should set the possible spittreshholdseting way higher up to 100000k

what setting people really choose should be their own estimation of POS difficulty

a default setting that make sense would be like 25000

at a system where u get not paid by coin age but by blocks found

people participate in POS must be able optimize their coin pile size

with coinpile below 5000 enrg u have for sure not the optimal size to compete in POS for blocks

just check here how many blocks have a value out of 5000 or below to judge my observation

https://chainz.cryptoid.info/enrg/
 


Hello cryptonit,

Thanks for your suggestion. Smiley

FYI, I really didn't know about that "investors wallets". I stepped in at a later stage after the last client release. You can check my first post date. While I am still getting to figure out the past history, I will discuss with Brian how we should deal with that "investors wallets" and we will get back to the community later.

Back to your suggestion, as you seem to have a good understanding on our current system, you should clearly know that setting a lower default split threshold is the only way encouraging smaller holders to participate in PoS.

If we changed it to something like 25000, most new blocks would be found by larger holders and all smaller holders will likely leave.

This is the problem of most other coins adopting similar fixed PoS design. They have difficulties in getting more new investors who normally are all smaller holders at start.

We need a better balance, and we also need some understandings from current large holders the importance of a network encouraging smaller holders participations.

Nevertheless, we did take care of the needs of micromanagement for some larger holders. In v.1.5.0, we have a new function "sendsplit", which should help large holders managing and splitting into multiple outputs easily.

Still, I am open to any discussion about changing the default split threshold. If the community understands the risk and still wants to change it, just let me know. We can set up a poll for different threshold values and then let the community vote for it.

Peter

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April 27, 2016, 05:56:54 PM
Last edit: April 27, 2016, 07:03:50 PM by cryptonit
 #740


If we changed it to something like 25000, most new blocks would be found by larger holders and all smaller holders will likely leave.


thats wrong in fact the situation u describe is what we face now

because people who can adapt wallet code and compile wallets
and people who dont mind adjust optimal coin pile size manual will then rule the playfield
and the small user who just use abilities the wallet offer is who suffers disadvantage
and that "special" investor wallets have the freedom that everyone deserve
create a bad look that doesnt fit to the clean coin image u created until yet



25000 ENRG is not big

and as a small investor i better have a single 25000 coin pile who mint every 1-2 days 5 ENRG for me
and i know i get a faire share of POS income


than have a lot small 5000 or even smaller ENRG coin pile that hard able find a block

u might say but even 5000 enrg can find a block just need a weeks and luck

thats true

but what u forget is

in the same timeframe a optimal sized block did mint a few times already

all i request is a fair playground and dont limit for every user configureable setting

u dont have to fear a nothing to stake issue as i explained only 576 coin pile need to take part in POS that this will never happen

i think we agree that crypto should give people freedom and not limit their choices

please follow that path


a fair area of setting would be

splittreshhold default 15000 or or the value user defined in conf
without any min max range at all

who set it to low create dust and wont mint blocks
who set it to high is sacrificing possible income (which if big owner do for support small guys is nice)
who dont set it at all have with 15000 at least a 3x more effective value than now

 
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