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Question: Round 2. Should we increase the minimum recommended tx fee in order to motivate PoW-miners (this will also increase the deflation rate)?
1) change to 0.00001000
2) leave the  0.00000001

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Author Topic: [ANN] 42-coin Development Discussion Thread  (Read 65427 times)
sirslayer
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November 16, 2016, 01:39:31 AM
 #141

right on 42 coin forever!!!
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November 16, 2016, 09:58:03 AM
 #142

Emission completed, all 42 coins are mined, block #420 checkpointed. Waiting for the first PoS block.

Quote
{
"version" : "42-v0.0.7.rc1.build-g891b422-bdb-gcc",
"protocolversion" : 60018,
"walletversion" : 60017,
"balance" : 40.50000000,
"unspendable" : 0.00000000,
"newmint" : 1.50000000,
"stake" : 0.00000000,
"blocks" : 446,
"timestamping" : {
"systemclock" : 1479289929,
"adjustedtime" : 1479289930,
"ntpoffset" : 1,
"p2poffset" : null
},
"moneysupply" : 42.00000000,
"connections" : 4,
"proxy" : "",
"ip" : "0.0.0.0",
"difficulty" : {
"proof-of-work" : 0.00044383,
"proof-of-stake" : 0.00024414
},
"testnet" : false,
"keypoololdest" : 1478990854,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00000000,
"errors" : ""
}

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November 17, 2016, 02:17:34 PM
 #143

We need a blockexplorer for a new chain and better before release. I sent a mail to some of them regarding their requirements and receive response from Markus Tervooren / bchain.info:

Quote
Hi,
the coin just needs an rpc-api and to be opensource.
We take 0.2BTC for the first year of running the explorer, 0.1BTC for every other year. This is just to cover our server costs and includes:
- The explorer (of cause)
- Running a 24/7 node inside a virtual machine, perfect as addnode=..
- Blockchain downloads (as bootstrap.dat)
- Mining calculator (if needed)
Best Regards,
Markus

What do you think about this?  Do you have any other good ideas?

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November 17, 2016, 03:21:23 PM
 #144

Block chain explorer from bitnodes.net costs $99/year: https://bitnodes.net/services/explorer/block-chain-explorer/.

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November 18, 2016, 11:07:27 PM
 #145

Question: Will 42Coin also have a blockchain to show proof of transactions?

Every cryptocurrency have a blockchain and can show a proof of transaction even without a separate blockexplorer (but I hope we will have one):

Code:
getrawtransaction a251ce996f31fbf692c7ef6954c6c7a7e428b5a5890f93a28a7ecce0d6e29378

010000002deb2b58010000000000000000000000000000000000000000000000000000000000000000ffffffff0c02a40101350372ea00000057ffffffff0180969800000000001976a914b149c7946b5b3f09242a56d139934fcc81db2aca88ac00000000

decoderawtransaction 010000002deb2b58010000000000000000000000000000000000000000000000000000000000000000ffffffff0c02a40101350372ea00000057ffffffff0180969800000000001976a914b149c7946b5b3f09242a56d139934fcc81db2aca88ac00000000

{
"txid" : "a251ce996f31fbf692c7ef6954c6c7a7e428b5a5890f93a28a7ecce0d6e29378",
"version" : 1,
"time" : 1479273261,
"locktime" : 0,
"vin" : [
{
"coinbase" : "02a40101350372ea00000057",
"sequence" : 4294967295
}
],
"vout" : [
{
"value" : 0.10000000,
"n" : 0,
"scriptPubKey" : {
"asm" : "OP_DUP OP_HASH160 b149c7946b5b3f09242a56d139934fcc81db2aca OP_EQUALVERIFY OP_CHECKSIG",
"hex" : "76a914b149c7946b5b3f09242a56d139934fcc81db2aca88ac",
"reqSigs" : 1,
"type" : "pubkeyhash",
"addresses" : [
"4VsEs7wqRpoiTpmqViWRtse1P3CNgvBw4g"
]
}
}
]
}

To be clear, the two main links provided were quoted depicting the owners of 42Coin and ZoomCoin. The remainder link is to Zoom's official thread on this forum, again owned by the same outfit you represent - 42Coin.

You have missed one important thing, I represent a cryptocurrency, named "42", that was launched in Jan-2014 - along time before mentioned by you sites were created! 42coin.co never been associated with our cryptocurrency, this can be confirmed by our community, try also to familiar with our old thread: https://bitcointalk.org/index.php?topic=399658. Our previous sites were fourtytwo42.com and 42coin.org.
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November 19, 2016, 03:53:43 AM
 #146

Okay, I'll admit that I fucked up, hence deleting all my posts. Please feel free to delete all yours as well related to this unfortunate episode.

Bruno

PS: To all those reading this, I currently don't see any problems with 42Coin.

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November 19, 2016, 05:07:43 PM
 #147

A noob question from a Newbie. Is there a chance for me to mine this coin with my silly i5, in pool (if there will be one), and using minerd program?
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November 19, 2016, 05:26:06 PM
 #148

A noob question from a Newbie. Is there a chance for me to mine this coin with my silly i5, in pool (if there will be one), and using minerd program?

You will be able to mine 42 solo, but the block reward is 0 coin + tx Fees. So, the only real way to get 42 will be to swap the old coins for the new ones.
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November 19, 2016, 06:19:07 PM
 #149

But why would i waste my processing power for 0 block reward?

During the swap period there will be a lot of transactions with commission, so the reward will above zero. Also, keep in mind that the coin is really rare... only 42 coins will be minted and no more, never!
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November 19, 2016, 08:20:00 PM
 #150

But why would i waste my processing power for 0 block reward?

During the swap period there will be a lot of transactions with commission, so the reward will above zero. Also, keep in mind that the coin is really rare... only 42 coins will be minted and no more, never!

Just a heads up, bud. Please correct the OP:

Quote
Total Supply: Unlimited (current)

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November 19, 2016, 08:30:40 PM
 #151

But why would i waste my processing power for 0 block reward?

During the swap period there will be a lot of transactions with commission, so the reward will above zero. Also, keep in mind that the coin is really rare... only 42 coins will be minted and no more, never!

Just a heads up, bud. Please correct the OP:

Quote
Total Supply: Unlimited (current)
- it is for the old chain.

New chain will have only 42 coins.
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November 20, 2016, 06:17:39 AM
 #152

But why would i waste my processing power for 0 block reward?

During the swap period there will be a lot of transactions with commission, so the reward will above zero. Also, keep in mind that the coin is really rare... only 42 coins will be minted and no more, never!

Just a heads up, bud. Please correct the OP:

Quote
Total Supply: Unlimited (current)
- it is for the old chain.

New chain will have only 42 coins.
having in mind the fact that coins of less than 80 and that they minimise not, then really they can be hooked only on the exchange that push the price up, and that will ensure uniqueness

question on the wallet, which has 0 connections. what can I do?
thank you
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November 20, 2016, 08:30:26 AM
 #153

question on the wallet, which has 0 connections. what can I do?
thank you

Add this lines to your 42.conf file:

Code:
addnode=184.185.216.85:24242
addnode=180.252.97.163:24242
addnode=77.52.98.162:24242
addnode=93.76.1.154:24242
addnode=173.238.164.106:9556
addnode=85.236.188.28:10021
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November 20, 2016, 08:56:16 AM
 #154

having in mind the fact that coins of less than 80...

Current money supply: 80.2085338 coins. We will reach 84 coins in the old chain @ block #1990382, ETA ~09-Jan-2017.
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November 20, 2016, 03:28:11 PM
 #155

question on the wallet, which has 0 connections. what can I do?
thank you

Add this lines to your 42.conf file:

Code:
addnode=184.185.216.85:24242
addnode=180.252.97.163:24242
addnode=77.52.98.162:24242
addnode=93.76.1.154:24242
addnode=173.238.164.106:9556
addnode=85.236.188.28:10021

is this correct .conf?

rpcuser=user
rpcpassword=password
rpcallowip=*
rpcport=4242
addnode=184.185.216.85:24242
addnode=180.252.97.163:24242
addnode=77.52.98.162:24242
addnode=93.76.1.154:24242
addnode=173.238.164.106:9556
addnode=85.236.188.28:10021
daemon=1
server=1
listen=1

thank you
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November 20, 2016, 03:56:55 PM
 #156

is this correct .conf?

rpcuser=user
rpcpassword=password
rpcallowip=*
rpcport=4242
addnode=184.185.216.85:24242
addnode=180.252.97.163:24242
addnode=77.52.98.162:24242
addnode=93.76.1.154:24242
addnode=173.238.164.106:9556
addnode=85.236.188.28:10021
daemon=1
server=1
listen=1

thank you

Yes, that is right. You can always check actual nodes here: http://www.zpool.ca/explorer/peers?id=191 and here: https://www.cryptopia.co.nz/CoinInfo/?coin=42 (by clicking on "Connections:").
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November 21, 2016, 10:43:13 AM
 #157

Quote
Hi,
about the swap: what if  people don't swap all 80+ coins till January, 10, 2017, will they be able to swap coins after, if they have them stuck on the old chain?

People will swap until block #1990382 (84 coins) + 42 hours, the remaining new coins will go to the development. The old coins will stuck on the old chain.

Quote
Are you certain it is a good idea to mine a coin with 0 reward?
The better idea would be to swap 83 coins and to leave only 1 coin for mining for years with halving rewards every year so that the limit of 42 coins will be reached never, people will be glad to mine it even for small rewards and it will support the block chain over long term.

It is impossible to leave 1 coin for PoS for years: only very big inputs will give a reward - that is not good for the network, the small inputs will give zero due to the rounding in the formula of PoS reward calculation. In case of PoW, the block reward will not cover the costs...

I think, if you are holder, you must support the network. Moreover, with PoS it is not so difficult. To run 42 as full node you just need to keep port #24242 opened (#4242 for the new chain).

Quote
I think it's not fair that people who don't know about a swap (there are many long term investors since 2014 who are not active) will not have a chance to swap coins after January, 2017. Some people have bought coins and thinking it's decentralized just hold it long term and don't look at forum. When finally they will disclosure that their coins are stuck, and no chance to swap them, they will say they are scammed, and they will be right. It will hurt a coin in future.

I will send a PM to everybody, who was active (more than one msg) in 42 threads since 2014. There will be a notice on cryptopia too. As an exception, I will let the people to swap after the January, 2017, if their old coins were not touched after the block #1990382 and we will have remaining the new coins.

Quote
The block reward can cover the costs in future when (if) 42 coin will have a large market cap.
Even if not, people are ready to mine until they believe in bright future even if it's a very small reward.

Who will mine nowadays with so small reward? We already have lack of miners (and regular stuck of blocks) due to the current low reward/price.
I understand that the block reward can cover the costs in the future, the same as tx fee. That is why PoW reward will be 0 + tx fees.
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November 21, 2016, 11:03:17 PM
 #158

Lasergun, could U please describe in 2 words how to sync the windows wallet? I know that it is kinda easy thing to sophisticated miners, but nonetheless...
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November 21, 2016, 11:22:23 PM
 #159

Lasergun, could U please describe in 2 words how to sync the windows wallet? I know that it is kinda easy thing to sophisticated miners, but nonetheless...

For better sync add this lines to your 42.conf file:

Code:
addnode=184.185.216.85:24242
addnode=77.52.28.54:24242
addnode=93.76.1.154:24242
addnode=85.236.188.28:10021
addnode=115.28.38.190:11103
addnode=87.182.70.135:24242

If you do not synchronize your wallet for a long time, you need to download a blockchain snapshot (links in the OP) and replace all the files in 42 data base directory.
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November 21, 2016, 11:37:03 PM
 #160

is it a revive of an old old coin?? Grin

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