soopy452000
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February 13, 2016, 06:59:42 PM |
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Dear All,
I believe we are close to making progress with , however for me to work on the private network setup for the mining , I would need a coinage against the network weight currently at and we can only use the the balance of mined coins , which I believe is close to 1.32m which I came to know is securely and in possession of GREEDYJOHN and thus he has asked me kindly to inform the community of my request publicly on the thread before transferring it into my possession.
Warm Regards, ~SoopY~
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drays
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February 13, 2016, 07:29:49 PM |
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I suppose it is completely ok to pass this amount to SoopY for now. The important part is to keep this amount secured and accessible by only a single person at any given moment, as well as keep the movements public, so the community knows who exactly is keeping the swap amount at the moment. Keep it up! Glad to see things move forward! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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soopy452000
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February 13, 2016, 07:34:16 PM |
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I suppose it is completely ok to pass this amount to SoopY for now. The important part is to keep this amount secured and accessible by only a single person at any given moment, as well as keep the movements public, so the community knows who exactly is keeping the swap amount at the moment. Keep it up! Glad to see things move forward! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Thank you very much mate and yes indeed it is. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Warm Regards, ~SoopY~
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chrysophylax
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February 14, 2016, 12:46:54 AM |
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I suppose it is completely ok to pass this amount to SoopY for now. The important part is to keep this amount secured and accessible by only a single person at any given moment, as well as keep the movements public, so the community knows who exactly is keeping the swap amount at the moment. Keep it up! Glad to see things move forward! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Thank you very much mate and yes indeed it is. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Warm Regards, ~SoopY~im with drays on that ... soopy - you have my trust and backing on this also ... if greedy john is in agreement - and the community members have no issue - then we should do this as soon as possible ... i would have done the same with the seednodes - but i converted all my coinage to the new drz3 ... so unless the nodes are the ones that should be used - then im for soopy to take the whole amount and stake ... #crysx
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bumbacoin
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February 14, 2016, 01:51:39 AM |
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Dear All,
I believe we are close to making progress with , however for me to work on the private network setup for the mining , I would need a coinage against the network weight currently at and we can only use the the balance of mined coins , which I believe is close to 1.32m which I came to know is securely and in possession of GREEDYJOHN and thus he has asked me kindly to inform the community of my request publicly on the thread before transferring it into my possession.
Warm Regards, ~SoopY~
if it's necessary i'm all for it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) either this process will work and droidz will live again or ... my understanding is that there needs to be a hard fork, with a very small PoW reward timeframe to mine the necessary new coins (although possibly not if those bittrex funds don't move lol), for this process to work, it needs the blockchain needs to be on a small private blockchain to ensure the rewards end up in the correct hands. and as soopy is doing the work, immediate access to the funds seems obviously preferable rather than extended access through other persons if the chain needs to be moved backwards and forwards a few times ... or seomthing else. but i assumed the previous request for PoW showed you were past the stage of needing this PoS weight (assumedly to move the chain along).
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chrysophylax
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February 14, 2016, 02:04:09 AM |
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Dear All,
I believe we are close to making progress with , however for me to work on the private network setup for the mining , I would need a coinage against the network weight currently at and we can only use the the balance of mined coins , which I believe is close to 1.32m which I came to know is securely and in possession of GREEDYJOHN and thus he has asked me kindly to inform the community of my request publicly on the thread before transferring it into my possession.
Warm Regards, ~SoopY~
if it's necessary i'm all for it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) either this process will work and droidz will live again or ... my understanding is that there needs to be a hard fork, with a very small PoW reward timeframe to mine the necessary new coins (although possibly not if those bittrex funds don't move lol), for this process to work, it needs the blockchain needs to be on a small private blockchain to ensure the rewards end up in the correct hands. and as soopy is doing the work, immediate access to the funds seems obviously preferable rather than extended access through other persons if the chain needs to be moved backwards and forwards a few times ... or seomthing else. but i assumed the previous request for PoW showed you were past the stage of needing this PoS weight (assumedly to move the chain along). you seem to be correct bumba ... a closed environment is the way it should be done - but direct mining seemed to be bombing every time we tried - due to various issues ... with out hardfork and new blockchain - it becomes a bit more complicated as we need to stay on the same chain ... so this seems to be the better way to go - in a closed environment - for the pos mining to mine that block with the coins ... sounds logical ... a heavy network weight would be the way to mine it easily - hence the 1million coins ... at least - thats how i understand it ... when soopy gets back online - more light will be shed ... #crysx
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bumbacoin
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February 14, 2016, 02:21:04 AM |
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ahh of course a modification to PoS reward will be much simpler than rejigging it to allow a short Pow session.
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CryptoBomg
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February 14, 2016, 08:48:00 AM |
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the exchange is made ? I have 20,000 coins in wallet 2.4
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Klaasje
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February 14, 2016, 09:24:08 AM |
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Hi all, Easy way to do this is create a PoW reward of the coins you want extra in the current source. And because you are the only one that has the new source your the only one that can mine the extra coins. When your finished mining those coins release new wallet and inform exchanges to update there source ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Greetings Klaasje
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Bitcoin - 14ZVqS5UGqhY77d5u9aUSW24ipRJ2g9wmm
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soopy452000
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February 14, 2016, 10:10:36 AM |
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Hi all, Easy way to do this is create a PoW reward of the coins you want extra in the current source. And because you are the only one that has the new source your the only one that can mine the extra coins. When your finished mining those coins release new wallet and inform exchanges to update there source ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Greetings Klaasje As said earlier my friend its easy said than done , this is quite the process , but when it comes to POW/POS hybrids with Algorithm issues the case comes at a price and complex , we cannot mine the extra coins on the general network but on a private one , as mining coins on the current network will get the blocks rejected due to the network not having the changes I have integrated to my wallet , so it is out of the question and also there are algorithm issues DRZ-V3 has and POS weight currently it is in. POW wouldn't work at the current POS stake weight without a significant number of coins.
Warm Regards, ~SoopY~
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Klaasje
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February 14, 2016, 10:50:20 AM |
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Yes your right there but isnt it possible to create a PoS or Dpos if you want to generate the extra coins? since you hold the fork no one else gets the newly generated coins.
Just spitting out ideas that comes to mind not undermining your work or critisize your work
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soopy452000
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February 14, 2016, 11:29:30 AM |
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Yes your right there but isnt it possible to create a PoS or Dpos if you want to generate the extra coins? since you hold the fork no one else gets the newly generated coins.
Just spitting out ideas that comes to mind not undermining your work or critisize your work
I understand your intentions buddy no worries , there's the possibility of Static POS rewards. But before everything I need to hold a significant network weight thus the request for the 1.39m coins , so the local network will have enough network weight to run a chain. John has sent me 100,050 coins but its quite not enough at the network weight the network is staking at the moment
Warm Regards, ~SoopY~
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Klaasje
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February 14, 2016, 12:36:23 PM |
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Yes your right there but isnt it possible to create a PoS or Dpos if you want to generate the extra coins? since you hold the fork no one else gets the newly generated coins.
Just spitting out ideas that comes to mind not undermining your work or critisize your work
I understand your intentions buddy no worries , there's the possibility of Static POS rewards. But before everything I need to hold a significant network weight thus the request for the 1.39m coins , so the local network will have enough network weight to run a chain. John has sent me 100,050 coins but its quite not enough at the network weight the network is staking at the moment
Warm Regards, ~SoopY~Isnt it so that when your the only one on the new fork your the only one with netweight on that fork/chain? Also since you the only one that chain you need to make (example of 40conf on the PoS) you need to set 50 wallets in your wallet to get the chain moving. Else you get stuck after one PoS block found and no one else finds blocks
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soopy452000
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February 14, 2016, 01:28:20 PM |
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Yes your right there but isnt it possible to create a PoS or Dpos if you want to generate the extra coins? since you hold the fork no one else gets the newly generated coins.
Just spitting out ideas that comes to mind not undermining your work or critisize your work
I understand your intentions buddy no worries , there's the possibility of Static POS rewards. But before everything I need to hold a significant network weight thus the request for the 1.39m coins , so the local network will have enough network weight to run a chain. John has sent me 100,050 coins but its quite not enough at the network weight the network is staking at the moment
Warm Regards, ~SoopY~Isnt it so that when your the only one on the new fork your the only one with netweight on that fork/chain? Also since you the only one that chain you need to make (example of 40conf on the PoS) you need to set 50 wallets in your wallet to get the chain moving. Else you get stuck after one PoS block found and no one else finds blocks Nope the last newtweight is calculated to the forthcoming block , yes there would be a number of wallets set but not upto 50 as we are just needing to move the chain up a couple of blocks only.
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MrZ28s
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February 14, 2016, 01:33:47 PM |
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I guess I'm still confused on this whole calculation...
Droidz-V3 Coins Mined = 5,500,000 (Check) Sent to a secondary Wallet = 50,000 (I hope someone from the community has access to this) Where these ever found? Sent to C-Cex for Swap = 2091699.50275572 (Check AND already swapped) Sent to Yobit for Swap = 1883797.26972853 (Check AND already swapped) Should be Left on Main Wallet = 1374503.22751575 (Check) But have = 1394000 (Excellent!)
The only factor that was missing was the coins on Bittrex which should now be pretty much gone, correct? (and the old coins in peoples wallets)
In my eyes, the only amount extra that should be mined is anything in excess of 1,394,000 that people were able to get off Bittrex.
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soopy452000
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February 14, 2016, 04:54:40 PM |
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I guess I'm still confused on this whole calculation...
Droidz-V3 Coins Mined = 5,500,000 (Check) Sent to a secondary Wallet = 50,000 (I hope someone from the community has access to this) Where these ever found? Sent to C-Cex for Swap = 2091699.50275572 (Check AND already swapped) Sent to Yobit for Swap = 1883797.26972853 (Check AND already swapped) Should be Left on Main Wallet = 1374503.22751575 (Check) But have = 1394000 (Excellent!)
The only factor that was missing was the coins on Bittrex which should now be pretty much gone, correct? (and the old coins in peoples wallets)
In my eyes, the only amount extra that should be mined is anything in excess of 1,394,000 that people were able to get off Bittrex.
I believe this was already discussed within the community mate and I too laid all the information according to my calculations which is clearly and close to your calculations, please go back to the previous of my posts as well quoted here for your reference.
Please also kindly observe that these amounts are mined not for my gain as well as under supervision of the community and their approval.
CALCULATIONSWe had 5,173,618 DRZ OLD Only YOBIT DRZ-OLD are inaccessible. https://chainz.cryptoid.info/drzold/wallet.dws?16478.htmHence, remaining DRZ-OLD available for swap = TOTAL DRZ-OLD - YOBIT DRZ-OLD. DRZ-OLD available for swap = 5,173,618 - 1,883,797 DRZ-OLD = 3,289,821 DRZ OLD AMOUNT OF DRZ-V3 TO BE CREATEDTotal DRZ-V3 available for swap = 1,393,924 (previously 1.38m, has increased due to staking) Total DRZ-V3 to be created = DRZ-OLD available for swap - DRZ-V3 available Total DRZ-V3 to be created = 3,289,821 - 1,393,924 = 1,895,897 DRZ-V3 to be created.This is where we get the figure of 1.9m DRZ-V3 to be created. I obtained 1.92m in my last calculation, because I used 1.38m instead of 1.394m as my available DRZ-V3 Let me go through the calculation once more.
Droidz-V3 Coins Mined = 5,500,000 Sent to a secondary Wallet = 50,000 (I hope someone from the community has access to this) Sent to C-Cex for Swap = 2091699.50275572 Sent to Yobit for Swap = 1883797.26972853 Should be Left on Main Wallet = 1374503.22751575 But have = 1394000 Balance to be Mined = 2091699.50275572 (Exact amount swapped for Droidz-V2 of C-CEX wallet) Total Swappable = 2091699.50275572 + 1394000 = 3485699.50275572
Please correct me if I am wrong.The confusion comes, because we had 5.17m DRZ OLD, but the DEV mined 5.5m DRZ-V3 to cover staked coins. This is an excess of over 300k DRZ-V3. IDEALLY, we should create exactly the amount of coins that CCEX lost, BUT NOT MORE THAN THIS FIGURE. So, the maximum amount of extra DRZ-V3 to be mined = 2.09m (which almost agrees with my stated 2m figure), because staked coins have already been accounted for. Indeed you are right with the 2m figure closely , so we shall go ahead with the mining of 2.09 the exact number of coins sent to the C-Cex wallet at the time of swapping.
I will make provisions to have this mined within the day , please make your voice heard and your opinions in the meantime.
Warm Regards, ~SoopY~ Please also note that the total amount of coins lost = to the total amount of coins on the C-CEX wallet before the swap , amounting to 2091699.50275572 this was the exact amount moved to the Bittrex wallet , please refer the transactions history as well as comments made here by everyone.
Warm Regards, ~SoopY~
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drays
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February 14, 2016, 05:09:20 PM |
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I guess I'm still confused on this whole calculation...
Droidz-V3 Coins Mined = 5,500,000 (Check) Sent to a secondary Wallet = 50,000 (I hope someone from the community has access to this) Where these ever found? Sent to C-Cex for Swap = 2091699.50275572 (Check AND already swapped) Sent to Yobit for Swap = 1883797.26972853 (Check AND already swapped) Should be Left on Main Wallet = 1374503.22751575 (Check) But have = 1394000 (Excellent!)
The only factor that was missing was the coins on Bittrex which should now be pretty much gone, correct? (and the old coins in peoples wallets)
In my eyes, the only amount extra that should be mined is anything in excess of 1,394,000 that people were able to get off Bittrex.
The calculations become complex because of the network staking (both the new and old one) ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) So it is better to mine some bigger amount, just to make absolutely sure it will be enough. After swap finished, the remainder could be burnt, or whatever the community decides. What refers to Bittrex, it is not clear yet what they are going to do with the coins. The DRZ wallet is still there(!), regardless of the fact there is still an announcement it will be removed at 12 Feb. Bittrex is big and slow. And not transparent. And not communicative. And ... ok I'll stop here, not to start complaining again ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Someone has to ask them what they are going to do with the huge amount of coins they have now. If I ask, I am sure Richie will not reply to me, after I clearly expressed my opinion on their "style" of work... If SoopY could get some answer from them, it would be great, looks like they have better relations.
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GREEDYJOHN
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February 14, 2016, 05:47:57 PM |
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Yes your right there but isnt it possible to create a PoS or Dpos if you want to generate the extra coins? since you hold the fork no one else gets the newly generated coins.
Just spitting out ideas that comes to mind not undermining your work or critisize your work
I understand your intentions buddy no worries , there's the possibility of Static POS rewards. But before everything I need to hold a significant network weight thus the request for the 1.39m coins , so the local network will have enough network weight to run a chain. John has sent me 100,050 coins but its quite not enough at the network weight the network is staking at the moment
Warm Regards, ~SoopY~I am sending DRZ-V3 to soopy in instalments. Check the receiving address here: 2Pjx725q7eFdWCNutPQ5sCE1kNofG5756J
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richiela
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February 14, 2016, 08:52:25 PM |
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I guess I'm still confused on this whole calculation...
Droidz-V3 Coins Mined = 5,500,000 (Check) Sent to a secondary Wallet = 50,000 (I hope someone from the community has access to this) Where these ever found? Sent to C-Cex for Swap = 2091699.50275572 (Check AND already swapped) Sent to Yobit for Swap = 1883797.26972853 (Check AND already swapped) Should be Left on Main Wallet = 1374503.22751575 (Check) But have = 1394000 (Excellent!)
The only factor that was missing was the coins on Bittrex which should now be pretty much gone, correct? (and the old coins in peoples wallets)
In my eyes, the only amount extra that should be mined is anything in excess of 1,394,000 that people were able to get off Bittrex.
The calculations become complex because of the network staking (both the new and old one) ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) So it is better to mine some bigger amount, just to make absolutely sure it will be enough. After swap finished, the remainder could be burnt, or whatever the community decides. What refers to Bittrex, it is not clear yet what they are going to do with the coins. The DRZ wallet is still there(!), regardless of the fact there is still an announcement it will be removed at 12 Feb. Bittrex is big and slow. And not transparent. And not communicative. And ... ok I'll stop here, not to start complaining again ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Someone has to ask them what they are going to do with the huge amount of coins they have now. If I ask, I am sure Richie will not reply to me, after I clearly expressed my opinion on their "style" of work... If SoopY could get some answer from them, it would be great, looks like they have better relations. I don't know how much more transparent and communicative i can be heh... The wallet is still there because GreedyJohn requested that we keep it open longer because some people were still having problems with withdrawing. When you guys finish the swap, we will cold store the wallet and all coins wil forever remain there. thanks, richie
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GREEDYJOHN
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February 14, 2016, 09:01:38 PM |
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Thanks. People still have time to withdraw their coins
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