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Author Topic: [ANN][EGC] EverGreenCoin | Environmental Green Causes | Full 7% PoS | Foundation  (Read 273397 times)
dez82
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January 30, 2016, 12:35:32 AM
 #541

is it fruitfull to buy around 2100 Huh

Yep. You'll find it leaps in value on wednesday when ccex lists it. Buy up at whatever the rate is.

It's going for 2900 on cryptopia.co.nz too
Woop!

It's just dropped to below 2000 on cryptopia.co.nz

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EverGreenCoin
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January 30, 2016, 12:36:05 AM
 #542

Since im new to Crypto currencies. What is staking? If its mining the coin i would like to join.

What is the best practise?

At the moment i have 15k Smiley

Staking is essentially a form of "mining". It is how Proof of Stake coins run their blockchains. Instead of mining, using GPU's to hash out an algorithm, we instead use our wallets to uphold the ledger. By leaving coins in your wallet for over 24hrs and leaving your wallet open, you start to grow interest on the coins in your wallet. You earn 7% annually on whatever is in your wallet. When you earn coins, by staking, is dependent on your weight in the blockchain network. The higher the weight, the faster your wallet will stake.

Proof of Stake is mining, yes. When staking, you do process translations, you do verify the blockchain, and you are rewarded for doing so. Unlike Proof of Work mining, your reward can be and is guaranteed so long as you meet the requirements for staking. One requirement is meeting minimum staking age. Minimum staking age for EGC is 24 hours. Coin age does not accrue until after coin maturity. Your wallet does not need to be running for coin age to increase.

Another requirement is that your wallet not be fully locked. If you never encrypted your wallet, your wallet can not be locked and you can disregard this requirement. It is the best and safest practice that you do encrypt your wallet (Settings > Encrypt Wallet). After the wallet encryption process, you will need to unlock the wallet for staking to take place. When you unlock the wallet you will notice a check box in the password dialog window that allows you to either A) unlock for staking only (checked, default), or B) unlock for spending and staking (unchecked). If you unlock for staking only you will be prompted for the password again if you try to send. This is just an added layer of security so that coins do not get accidentally sent and is a safe measure to follow.

In simple words, just hold the coins in a running and unlocked wallet. You will collect payments towards your 7% annual reward. There is no maximum staking age for EGC. You will collect so long as you hold coins in a unlocked (for staking only or for staking and spending) wallet.

Your weight versus the network weight only determines the frequency of payments towards the 7% but, it will always be 7% no matter how low or high your weight is.

I hope that answers your questions clearly and accurately, Porsche911!

EverGreenCoin
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January 30, 2016, 01:22:19 AM
 #543

So with 10.000 coins stacked, you get about 2 coins a day (interest)?

How to set this up Smiley And is there a backup posibility?

Yes, your projection is accurate. (1(decimal point)91780821... per day by my math.)

See my above message to set this up properly.

To backup, simply keep a copy of your wallet.dat file in a safe place. Your wallet.dat file can be found on Windows within %APPDATA%\EverGreenCoin\ or otherwise stated, C:\Users\YOUR USERNAME HERE\AppData\Roaming\EverGreenCoin\
On Mac OS X it can be found within /Users/YOUR USERNAME HERE/Library/Application Support/EverGreenCoin/
on Linux it can be found within ~/.evergreencoin/ or otherwise stated, /home/YOUR USERNAME HERE/.evergreencoin/

In the event your current computer becomes none functional, your wallet.dat file could be used on your replacement computer. Storing your private key in a safe location is another way to achieve this safety and has a similar recovery method but, making a copy of the wallet.dat is slightly easier.

I hope that clears it up for you, Porsche911!

p.s. I love your car. Wink


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January 30, 2016, 01:24:02 AM
 #544

is it fruitfull to buy around 2100 Huh

Yep. You'll find it leaps in value on wednesday when ccex lists it. Buy up at whatever the rate is.

It's going for 2900 on cryptopia.co.nz too
Woop!

It's just dropped to below 2000 on cryptopia.co.nz

Well, you know how to solve that. Wink

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January 30, 2016, 03:01:51 AM
 #545

We ranked 65 in 24 hour volume today. Awesome.  Cool


EverGreenCoin (EGC) - promote and support Environmental Green Causes. http://evergreencoin.org
lordoliver
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January 30, 2016, 08:24:36 AM
 #546

unbelievable
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January 30, 2016, 10:10:52 AM
 #547

The future is obviously green! Smiley

SELL EVERYTHING AT 50 SATOSHI
terrorblade3189
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January 30, 2016, 10:15:04 AM
 #548

Aww man .. I still dunno how some people are mining it at 900,000 kh/s . 20,000 EGC a day ? That's too insane.
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January 30, 2016, 11:52:32 AM
 #549

How long will the "mining" "staking" be active probably?

As a suggestion, I would put an Impressum / Disclaimer and more informations on to the website.
Because its a business website, this is really important.

More trust = more interested people in this coin.

Greetings.
Alexthesalamander
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January 30, 2016, 12:23:51 PM
 #550

Price action is good! Its expected to fall some after a 10-fold increase in 2 days of heavy accumulation!

SELL EVERYTHING AT 50 SATOSHI
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January 30, 2016, 02:08:05 PM
 #551

I'm on the board of your coins! how to produce this coin? except for exchange.

stalker4370
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January 30, 2016, 02:21:46 PM
 #552

Tell all the ways I want to join the production of this coin!

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January 30, 2016, 04:35:55 PM
 #553

How long will the "mining" "staking" be active probably?

As a suggestion, I would put an Impressum / Disclaimer and more informations on to the website.
Because its a business website, this is really important.

More trust = more interested people in this coin.

Greetings.

There is unlimited maximum staking age with EverGreenCoin. This means there is no end to how long you can collect the 7% from PoS. PoW mining will end in approximatly 5 months from now.

Thank you for the suggestion on the website. A revamp of the website is activly be worked on. I will definatly consider and follow this suggestion in doing so.

I do strongly agree with your opinion on trust also. I hope yourself and others do find myself and my team trustworthy as we do hold integrity, professionalism, transparency, and accountability to the highest standards.

Thank you for your question Porsche911. I hope I have answered it clearly and, thank you for your suggestion.

Porsche911
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January 30, 2016, 04:42:02 PM
 #554

Quote
There is unlimited maximum staking age with EverGreenCoin. This means there is no end to how long you can collect the 7% from PoS. PoW mining will end in approximatly 5 months from now.

How is it possible to unlimit stake coins? The coins have a limit (13Mio)? Maybe i just do not understand what that PoS collecting is.

Thanks for all the fast replies so far.
EverGreenCoin
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January 30, 2016, 05:06:27 PM
 #555

I'm on the board of your coins! how to produce this coin? except for exchange.

Great to have you onboard. Welcome to the EverGreenCoin community. You ask a good question, thank you. There is several ways you can acquire EGC. The first obvious way, as you mentioned, is buying at an exchange. I would suggest if you choose this route, look at the sell orders on all the exchanges first so you can get the most "bang for your buck". Wink

A second method of gaining yourself some EverGreenCoin is by Proof of Work mining. In Proof of Work mining, you help process and verify EverGreenCoin transactions and help maintain the EGC blockchain. Modern GPU's (video cards) are very efficient at doing this because they can do the mathmatics involved very quickly. CPU's also can PoW mine but do so at a much less efficient rate. If your computer is equiped with a modern GPU, you surly want to look at this route.

A third method is selling a good or service for EverGreenCoin. If you have, for example, unused electronics that you would be willing to part ways with in exchange for an amount of EGC, you can list it on a marketplace or advertise something here in the thread. If you have a skill that you can sell your service for is another option.

A forth method is visiting a faucet. Please see the original post for a list.

No matter which way you choose to obtain your EGC, you will want to be sure to hold them in an unlocked (for staking or for staking and spending) wallet so you collect the 7% interest on them. Read here in the thread as I have just elaborated on staking and the proper way to stake your EverGreenCoin.

I hope I have have given you sufficent ways to start your EGC wealth. Smiley Thanks for the question.

EverGreenCoin
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January 30, 2016, 05:19:31 PM
 #556

Quote
There is unlimited maximum staking age with EverGreenCoin. This means there is no end to how long you can collect the 7% from PoS. PoW mining will end in approximatly 5 months from now.

How is it possible to unlimit stake coins? The coins have a limit (13Mio)? Maybe i just do not understand what that PoS collecting is.

Thanks for all the fast replies so far.

The limit of 13 million that you speak of is the projected number of coins that will be produced from PoW mining. On top of this number is the 7% people will collect from PoS. This number of EGC from PoS can not be projected as the variables are too many. The number of coins activly being staked can fluctuate a lot at any given time.

It does sound like you are on the right path of understanding. Don't get frustrated as it is very complex with many variables playing into effect.

Thanks for the good question. I am sure you are not the only one that has wondered the same. I hope my answer provides a better understanding.

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January 30, 2016, 05:29:38 PM
 #557

I'm on the board of your coins! how to produce this coin? except for exchange.

Great to have you onboard. Welcome to the EverGreenCoin community. You ask a good question, thank you. There is several ways you can acquire EGC. The first obvious way, as you mentioned, is buying at an exchange. I would suggest if you choose this route, look at the sell orders on all the exchanges first so you can get the most "bang for your buck". Wink

A second method of gaining yourself some EverGreenCoin is by Proof of Work mining. In Proof of Work mining, you help process and verify EverGreenCoin transactions and help maintain the EGC blockchain. Modern GPU's (video cards) are very efficient at doing this because they can do the mathmatics involved very quickly. CPU's also can PoW mine but do so at a much less efficient rate. If your computer is equiped with a modern GPU, you surly want to look at this route.

A third method is selling a good or service for EverGreenCoin. If you have, for example, unused electronics that you would be willing to part ways with in exchange for an amount of EGC, you can list it on a marketplace or advertise something here in the thread. If you have a skill that you can sell your service for is another option.

A forth method is visiting a faucet. Please see the original post for a list.

No matter which way you choose to obtain your EGC, you will want to be sure to hold them in an unlocked (for staking or for staking and spending) wallet so you collect the 7% interest on them. Read here in the thread as I have just elaborated on staking and the proper way to stake your EverGreenCoin.

I hope I have have given you sufficent ways to start your EGC wealth. Smiley Thanks for the question.

A fifth method would be the bounties that are posted on the original post.

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January 30, 2016, 07:03:23 PM
 #558

thank you for such an exhaustive answer! I will try different ways until you pick up the most suitable! once again thank you very much!

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January 30, 2016, 09:27:29 PM
 #559

We ranked 65 in 24 hour volume today. Awesome.  Cool
Definitely had some nice volume yesterday lets hope it continues from here as there is still plenty of volume to come I think and plenty of time to reach those tree tops. #ToTheTreetop Smiley

Wish I'd mined more now with my limited hardware when the hashrate was low...

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January 31, 2016, 12:13:26 AM
 #560

Evergreenco.in...... Thank us later Smiley



Donate EGC to : EYKEvVBeuYrmQWqD97qqQEG8PH5PcLpTVX
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