[ANN] SPOTS - The iGotSpots Super-Coin.. what more do you need to know?

[Phantas]

I have still problem with synchronize wallet. I tried on windows and 2 kubuntu, and it seems like stuck again. I also have problem with deposit coins to c-cex. In pending balance 0 confirmation more than 3 h.

[jc12345]

I got another stake. You just have to be patient and wait until you get the stake. It is also very important to understand the purpose of the premine for CIONZ. From observation it seems that in this case the premine can be seen as Premine-as-a-Tool (PaaT). Its purpose is to 1) move the chain if it gets stuck and 2) make difficulty go up or down as required. It is irrelevant really what the size of the premine is. Using PaaT in this way eliminates the issues that were prevalent with balls and 10k as it is possible to make staking very difficult and therefore influence users to rather hold instead of sell as well as to keep coins static instead of moving them and losing coinage.

All of this makes the coin more rare and creates opportunities for profit for those normal holders that are patient and build their holdings.

[jc12345]

I have still problem with synchronize wallet. I tried on windows and 2 kubuntu, and it seems like stuck again. I also have problem with deposit coins to c-cex. In pending balance 0 confirmation more than 3 h.

Download the 2 block files and place them in your \roaming\CIONZ folder together with your wallet.dat and CIONZ.conf. Run the wallet and you will be up to date.

The chain is slow atm because Spots seems to want the difficulty to go lower. Lower difficulty increases the chances of getting a block for holders with smaller balances.

[Phantas]

I have still problem with synchronize wallet. I tried on windows and 2 kubuntu, and it seems like stuck again. I also have problem with deposit coins to c-cex. In pending balance 0 confirmation more than 3 h.

Download the 2 block files and place them in your \roaming\CIONZ folder together with your wallet.dat and CIONZ.conf. Run the wallet and you will be up to date.

The chain is slow atm because Spots seems to want the difficulty to go lower. Lower difficulty increases the chances of getting a block for holders with smaller balances.

bootstrap downloaded, added, after block from bootstrap, wallet stuck on 14.jan 09:54:08 2016.

[jc12345]

I have still problem with synchronize wallet. I tried on windows and 2 kubuntu, and it seems like stuck again. I also have problem with deposit coins to c-cex. In pending balance 0 confirmation more than 3 h.

Download the 2 block files and place them in your \roaming\CIONZ folder together with your wallet.dat and CIONZ.conf. Run the wallet and you will be up to date.

The chain is slow atm because Spots seems to want the difficulty to go lower. Lower difficulty increases the chances of getting a block for holders with smaller balances.

bootstrap downloaded, added, after block from bootstrap, wallet stuck on 14.jan 09:54:08 2016.

What is your block height where you are stuck? The chain is currently on 51466 and should be moving again later today. As long as you are on this block as well all is 100% in order. Until the next blocks are solved movements will appear "stuck" but nothing is wrong or broken. Just be patient.

Patience is a virtue but a rare attribute in crypto.

[Phantas]

I have still problem with synchronize wallet. I tried on windows and 2 kubuntu, and it seems like stuck again. I also have problem with deposit coins to c-cex. In pending balance 0 confirmation more than 3 h.

Download the 2 block files and place them in your \roaming\CIONZ folder together with your wallet.dat and CIONZ.conf. Run the wallet and you will be up to date.

The chain is slow atm because Spots seems to want the difficulty to go lower. Lower difficulty increases the chances of getting a block for holders with smaller balances.

bootstrap downloaded, added, after block from bootstrap, wallet stuck on 14.jan 09:54:08 2016.

What is your block height where you are stuck? The chain is currently on 51466 and should be moving again later today. As long as you are on this block as well all is 100% in order. Until the next blocks are solved movements will appear "stuck" but nothing is wrong or broken. Just be patient.

Patience is a virtue but a rare attribute in crypto.

current number of block 51466
Estimated total blocks 50000

edit: I think c-cex have also problem with wallet

[jc12345]

I have still problem with synchronize wallet. I tried on windows and 2 kubuntu, and it seems like stuck again. I also have problem with deposit coins to c-cex. In pending balance 0 confirmation more than 3 h.

Download the 2 block files and place them in your \roaming\CIONZ folder together with your wallet.dat and CIONZ.conf. Run the wallet and you will be up to date.

The chain is slow atm because Spots seems to want the difficulty to go lower. Lower difficulty increases the chances of getting a block for holders with smaller balances.

bootstrap downloaded, added, after block from bootstrap, wallet stuck on 14.jan 09:54:08 2016.

What is your block height where you are stuck? The chain is currently on 51466 and should be moving again later today. As long as you are on this block as well all is 100% in order. Until the next blocks are solved movements will appear "stuck" but nothing is wrong or broken. Just be patient.

Patience is a virtue but a rare attribute in crypto.

current number of block 51466
Estimated total blocks 50000

edit: I think c-cex have also problem with wallet

There is no problem with the wallet. Everyone is just waiting for the next block. With the next block everything will be current and you will also see how much the diff will drop. Coinage is also not dependent on block movement so you are accumulating coinage while waiting for the next block. Also, coins can only move when blocks are solved so until the next block your coins will be in limbo if you moved them.

[Indianacoin]

I have rented my hashpower on CIONZ pool yesterday. (http://pool.cionz.pw/miner?worker=CbTrYzdu2dziZr6gZV5cAatTG46cGUBcK1)

I have confirmed total shares of 1209789 from SHA-256 mining.

Already 25 hours (=1 Shift) have already passed and every other workers got their payouts except me.
Please fix this ASAP.

[Phantas]

There is no problem with the wallet. Everyone is just waiting for the next block. With the next block everything will be current and you will also see how much the diff will drop. Coinage is also not dependent on block movement so you are accumulating coinage while waiting for the next block. Also, coins can only move when blocks are solved so until the next block your coins will be in limbo if you moved them.

lol, to long time to next block ..., it`s not ok...

[pjcltd]

I have rented my hashpower on CIONZ pool yesterday. (http://pool.cionz.pw/miner?worker=CbTrYzdu2dziZr6gZV5cAatTG46cGUBcK1)

I have confirmed total shares of 1209789 from SHA-256 mining.

Already 25 hours have passed and every other workers got their payouts except me.
Please fix this ASAP.

Hi
you won't get paid till the end of the shift tonight  at 21:00 uk  time

[zimmorto]

The 16 minute block time is one of the major advantages of the coin. Since the coin launch, the current block stays at 51000+ which is a great plus for the stakers. People with tons of coins can mint coins very easily. However, people staking with some k's of coins or even lower might wait for atleast 2 days to see the first stake.

[iGotSpots]

I don't see any problems at all. In fact, I would say the coin is running rather well so far

[Phantas]

I don't see any problems at all. In fact, I would say the coin is running rather well so far

jc12345 give us explanations on c-cex. it's OK 

[pjcltd]

Shift 2 payment are done

Shift 3 is now running and it will last 48 hours
ending  16th Jan 2016 at 21:00 UK  time


thanks
Paul

[ylpkm]

idk i feel payouts are not accurate.
first run, 24 hours, i sent in about 6 th/s (the whole time) and got 1910 cionz
second run, 48 hours, sent in 11th/s first 24 hours and 100 th/s+ for 13 hours and then just 4.7 for the remaining 11 hours. i got 3450 cionz.
I can understand the price went up about 3x... except I increased the hash speed by double 1 whole day and then about 10x the second if we want to average.

I would have made a small profit if i had sold right away from first run, i didnt, then with the second payout, I lost .2 btc (if i was to sell now). Price went up by 3, but then hash time and speed are 2x for 24 hours then 10x for the next 24...
if i was to buy cionz at the buy rate the 2990 ksat for instance with my hash investment (.3 btc), i couldve bought 10k cionz (if there was a sell order that large at that price), but my payout is a 1/3rd of the that, not double.
the miner did fine during the rental, so its not the miner here.
if we were to use the first day estimate that you gave us coinz on the rate of 600 ksat (the rate at that time in half) and my hash was 6 th/s. i got the 1910 cionz.
now the price which you estimate was 1200 ksat(for the second round), ill give the miners more benefit of the doubt, lets use 1800 ksat is our tradeback. 1 day at average of 50th/s should return

H=hashes
P=price
1800ksat/600ksat= price difference of /3p
(50H/6H)/3p x1910 cionz = 5305 cionz for 24 hours of 50ths hashing with very rough estimates,
 now how about the first 24 hours at 11 th/s
11H/6H/3px1910=1160 cionz.
I would estimate 6465 cionz would be ok. although this is still a huge loss. and this is if you sent us coin at 1800 ksat pricing.

I understand renting hash you still lose if you went to go to a pps pool vs the original investment to rent it, but with the promise of half the purchase rate of cionz and I lose 2/3rds of my investment, something is wrong.

am I missing something, because this really isnt efficient. It also looks like we arent mining the most profitable coin, in fact right now it appears to be mining the least profitable (nope it went back to maza, but lots of time spent on unit when it was the least profitable)...  so im out of .2 btc. what happened, poor profitability switching or incorrect distribution?

[pjcltd]

idk i feel payouts are not accurate.
first run, 24 hours, i sent in about 6 th/s (the whole time) and got 1910 cionz
second run, 48 hours, sent in 11th/s first 24 hours and 100 th/s+ for 13 hours and then just 4.7 for the remaining 11 hours. i got 3450 cionz.
I can understand the price went up about 3x... except I increased the hash speed by double 1 whole day and then about 10x the second if we want to average.

I would have made a small profit if i had sold right away from first run, i didnt, then with the second payout, I lost .2 btc (if i was to sell now). Price went up by 3, but then hash time and speed are 2x for 24 hours then 10x for the next 24...
if i was to buy cionz at the buy rate the 2990 ksat for instance with my hash investment (.3 btc), i couldve bought 10k cionz (if there was a sell order that large at that price), but my payout is a 1/3rd of the that, not double.
the miner did fine during the rental, so its not the miner here.
if we were to use the first day estimate that you gave us coinz on the rate of 600 ksat (the rate at that time in half) and my hash was 6 th/s. i got the 1910 cionz.
now the price which you estimate was 1200 ksat(for the second round), ill give the miners more benefit of the doubt, lets use 1800 ksat is our tradeback. 1 day at average of 50th/s should return

H=hashes
P=price
1800ksat/600ksat= price difference of /3p
(50H/6H)/3p x1910 cionz = 5305 cionz for 24 hours of 50ths hashing with very rough estimates,
 now how about the first 24 hours at 11 th/s
11H/6H/3px1910=1160 cionz.
I would estimate 6465 cionz would be ok. although this is still a huge loss. and this is if you sent us coin at 1800 ksat pricing.

I understand renting hash you still lose if you went to go to a pps pool vs the original investment to rent it, but with the promise of half the purchase rate of cionz and I lose 2/3rds of my investment, something is wrong.

am I missing something, because this really isnt efficient. It also looks like we arent mining the most profitable coin, in fact right now it appears to be mining the least profitable (nope it went back to maza, but lots of time spent on unit when it was the least profitable)...  so im out of .2 btc. what happened, poor profitability switching or incorrect distribution?

HI
ok can i have the address that you used and ill will pull all the info i can out of the system.

[ylpkm]

Here is the address CQp2TrCwyvu7voBN9Dfr8LqhXDaC3vJoc5

for the sake of info if you check my specific hash rate,during the rental hash rate varied up to 290 th/s at 1 moment for max speed. The miner had a small issue during the rental and to estimate and be more than fair for a hashing slowdown, I would be fine with saying it did 80 th/s for 12 hours.

[pjcltd]

Here is the address CQp2TrCwyvu7voBN9Dfr8LqhXDaC3vJoc5

for the sake of info if you check my specific hash rate,during the rental hash rate varied up to 290 th/s at 1 moment for max speed. The miner had a small issue during the rental and to estimate and be more than fair for a hashing slowdown, I would be fine with saying it did 80 th/s for 12 hours.

Hi ok
you do know that you still have shares that are not yet confirmed  there for you will not have been paid for them ??


http://pool.cionz.pw/miner?worker=CQp2TrCwyvu7voBN9Dfr8LqhXDaC3vJoc5

Miner Stats for: CQp2TrCwyvu7voBN9Dfr8LqhXDaC3vJoc5
Your stats are also available via the API
SHA256
Confirmed: 10602334
Unconfirmed: 28354724
Invalid Rate: 0 KH/s

3.88 TH/s

Thats s lot more CIONZ to come in shift 3 !!!!!!

[ylpkm]

                                         myshares        total shares        percentage    average hash    payout
Thu Jan 14 2016 21:00:00   1250778783   1911762735   65.4254%      28.27 TH/s   3450.618214 CIONZ   Complete     shift 2
Tue Jan 12 2016 21:00:01   86832909          238616270    36.3902%      3.00 TH/s   1910.243913 CIONZ   Complete     shift 1

10602334 +28469566=39071900     is the current shift day 3 shares (only 3 hours in)
shift 2 total shares     =1250778783
shift 1 total shares=     86832909
shift 2 shares =x
shift 1 shares=y
x/y=14.4044325752
so i sent in 14.4 times more shares in shift 2 than shift 1.
current info you pulled is from the shift that just started a few hours ago. so its irrelevent.

so again using my set numbers=
1910 cionz from shift 1 x 14.4 for amount of shares in second shift/3 times higher cost of coins in the second shift (if assuming tradeback is at 1800ksat)= 9168 cionz, which would sound closer to what i should recieve, whoever is at c-cex messaging said the payout average in shift 2 was around 1200 ksat or so. So again to give you benefit lets say it was traded it at 1300 ksat vs my 1800 ksat value above (since i divided by 3)
600 ksat shift 1 trading and 1300 ksat for shift 2. so 1300/600=2.16
1910x14.4/2.16= 12733 cionz
Now there that actually sounds more accurate, 12733 cionz. but even trading 12733 cionz at the current sell rate, I would lose btc from the hashing investment, about .02 btc lost if i was to recieve 12733 coinz. But that would have been an acceptable number.

so then with this info i got about a 1/4 of what I am estimating I should have gotten. either the profitability switcher could use some tuning or we had the worst luck mining the altcoins.

shift 3 estimate as of a few minutes ago would look like
1910x2.22/2.16= 1963 cionz

explanation, 1910 shift 1 cionz, divided by (shift 1 shares/shift 3 shares), multiplied by 2.16 raise in price of cionz from shift 1.
It looks like yes a small percentage has carried over to shift 3 from my 2nd shift shares, but still, far off from the estimate.
If shift 3 is 48 hours too, i can estimate what the shares would look like, although I feel deterred from using this pool. I can estimate now what the payout will probably be for saturday and can adjust the price on sat to make the estimate more accurate.

So shift 1 had 86832909 shares at 6 th/s, in shift 3 i am just sending 4.7 th/s. shift 1 was 24 hours shift 3 is 48. so lets double the shift 1 shares and divided that amount by the difference in speed.
(86832909 x 2)/ (6/4.7)
173665818/ 1.276
136101738 shares is my estimate for shift 3 (partial, since im only 3 hours in with > with those shares)not counting the already 39071900 shares for shift 3
so estimate for my current mining speed and then the previous shift shares that carried over is
136101738+39071900=
175173638 shares in shift 3 is my estimate
shift 1/shift 3 shares estimate=.49     shift 3 will have about twice the shares shift 1 will.
which means if cionz stays at 1200 ksat tradeback (which is about twice the price from shift 1), yet shares are about twice as much (remember shift time is now doubled too), i would get about the same amount of cionz 1900~...

with my estimate shift 2 should have been close to 13k cionz and then shift 3 will be about 1900 cionz if cionz gets traded out at 1200ksat again.

If the price changes the math to use for my shift 3 is
1910x share difference between shift 1 and 3(which my estimate is 2x)/ how much the price has changed from 600ksat(from shift 1 tradeback)

so if price is 1800ksat saturday i would estimate              if price is 2400ksat, estimate is
1910x2/3=1273 cionz                                                    1910x2/4 =955 cionz

which would be correct but then why is my 2nd shift only 3450 cionz, that is not right. which i already calculated up there which should be about 13k cionz

So if come saturday on shift 3 payout and I only get my estimates here of
~1900  if tradeback is 1200ksat
~1273  if tradeback is 1800ksat
~955    if tradeback is 2400ksat
then that means I got screwed on shift 2. if i make less that this estimate on shift 3, this pool has major internal issues with either profitability switching or paying us correctly or pool luck was at 25%.
And yes, this is all estimates, i understand the volatility of this market and with luck, but come on, a 1/4 of what im estimating.... i would like someone to check on this. The only 3 things that would cause this is pretty bad luck or incorrect distribution for miners, or pool is busy mining non-profitable coins. my estimates are purely on shares which means if profitability was the same these estimates would be accurate. But something is off, so I mean we can wait til saturday, but from the miners point of view, we cant see luck and I wont be able to determine why shift 2 was so low. Especially if shift 3 comes out to my estimate.

Pool keeps mining Unit, also where are we looking when we switch the coin thats being mined, coinwarz says unit is not profitable. secondary source says its not profitable either, either way thats not cool. why mine a coin that makes no profit, especially when its to be exchanged in 24-48 hours. let alone when the pool switches coins its not switching to the most profitable one, and this is quite often.

[Libertymind]