** NEXT GENERATION ** CredaCash -- The Most Private Cryptocurrency in the World

[qq386437050]

Why do two identical wallet addresses show different balances

[1715387649]

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[nikalos]

By August miners will get 200 million and CredaCash devs will get 9.8 BILLION

That's 2% to miners and 98% to Mr CredaCash.

You are welcome.

[CredaCash]

By August miners will get 200 million and CredaCash devs will get 9.8 BILLION

That's 2% to miners and 98% to Mr CredaCash.

You are welcome.

That is factually incorrect.  80% will go to a non-profit Foundation.  As we have stated earlier on this thread, our primary goal is to create a completely private and highly scalable currency that can be used worldwide in real transactions, which no cryptocurrency has yet accomplished, and if that means doing something new, we are willing to do that.

[CredaCash]

Why do two identical wallet addresses show different balances

Copying a wallet data file (the *.ccw file) from one computer to another and using it on both is not recommended.  The better practice is to generate a new wallet for each computer, and to send funds between them as necessary.

A CredaCash wallet generates a new address for each transaction in order to ensure privacy.  If you are using the same wallet file on two computers simultaneously, each wallet may only report transactions and balances for addresses that it generates.

In CredaCash nomenclature, we use the terms destination and address.  An address is what shows up on the blockchain, just like bitcoin, and it is different for every transaction.  When you send a payment, you tell your wallet to send it to a particular destination, and your wallet knows how to generate a new unique address that belongs to that destination.

This all "just works", and you don't have to pay attention to the difference between destinations and addresses as long as you don't try to copy a wallet file to another computer and use it on both at the same time.  If however you do copy a wallet file and use it on two computers at the same time, then the distinction becomes important since a wallet may only report transactions and balances for addresses that it generates.

You may be able get the two wallets to display the same balance as follows: Run the command "listtransactions".  Every transaction you see on both computers should display the same "address".  (This is actually a CredaCash destination, and for bitcoin-compatibility, it is reported as an address in the output of listtransactions.)  On both computers, run the command "cc.poll_destination <destination/address>", where <destination/address> is the value reported by listtransactions.  After some period of time, the wallet balances may catch up with each other.  You may have to continue using cc.poll_destination to keep the balances in sync as your wallets continue to recieve more mining rewards.

Another option (and the one we would recommend), would be to wait until mining is over, set up a third wallet, and consolidate funds by sending the contents of the first two wallets to the third wallet.

[nikalos]

By August miners will get 200 million and CredaCash devs will get 9.8 BILLION

That's 2% to miners and 98% to Mr CredaCash.

You are welcome.

That is factually incorrect.  80% will go to a non-profit Foundation.  As we have stated earlier on this thread, our primary goal is to create a completely private and highly scalable currency that can be used worldwide in real transactions, which no cryptocurrency has yet accomplished, and if that means doing something new, we are willing to do that.

Can you provide a breakdown table with:

a) total max supply
b) supply at the end of initial PoW mining
c) Amount miners get at the end of initial PoW mining (b)
d) Amount (sum) any other entity gets at the end of initial PoW mining (b); c+d = b
e) Detailed break down of entities in "d" and how much they are getting

[CredaCash]

CredaCash mining update:

Since the start of mining, 21 million units of currency have been rewarded to miners.  There are 179 million units remaining to be rewarded.

Over the past hour, an average of about 3270 mint transactions have been submitted to the network every minute, and one block has been produced every 18.4 seconds.  That means if your computer can generate 33 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.81 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

[CredaCash]

CredaCash mining update:

Since the start of mining, 22 million units of currency have been rewarded to miners.  There are 178 million units remaining to be rewarded.

Over the past hour, an average of about 3470 mint transactions have been submitted to the network every minute, and one block has been produced every 17.9 seconds.  That means if your computer can generate 34 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.74 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

[CredaCash]

CredaCash mining update:

Since the start of mining, 23 million units of currency have been rewarded to miners.  There are 177 million units remaining to be rewarded.

Over the past hour, an average of about 3460 mint transactions have been submitted to the network every minute, and one block has been produced every 18 seconds.  That means if your computer can generate 34 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.74 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

[xryy1982]

Why do two identical wallet addresses show different balances

Copying a wallet data file (the *.ccw file) from one computer to another and using it on both is not recommended.  The better practice is to generate a new wallet for each computer, and to send funds between them as necessary.

A CredaCash wallet generates a new address for each transaction in order to ensure privacy.  If you are using the same wallet file on two computers simultaneously, each wallet may only report transactions and balances for addresses that it generates.

In CredaCash nomenclature, we use the terms destination and address.  An address is what shows up on the blockchain, just like bitcoin, and it is different for every transaction.  When you send a payment, you tell your wallet to send it to a particular destination, and your wallet knows how to generate a new unique address that belongs to that destination.

This all "just works", and you don't have to pay attention to the difference between destinations and addresses as long as you don't try to copy a wallet file to another computer and use it on both at the same time.  If however you do copy a wallet file and use it on two computers at the same time, then the distinction becomes important since a wallet may only report transactions and balances for addresses that it generates.

You may be able get the two wallets to display the same balance as follows: Run the command "listtransactions".  Every transaction you see on both computers should display the same "address".  (This is actually a CredaCash destination, and for bitcoin-compatibility, it is reported as an address in the output of listtransactions.)  On both computers, run the command "cc.poll_destination <destination/address>", where <destination/address> is the value reported by listtransactions.  After some period of time, the wallet balances may catch up with each other.  You may have to continue using cc.poll_destination to keep the balances in sync as your wallets continue to recieve more mining rewards.

Another option (and the one we would recommend), would be to wait until mining is over, set up a third wallet, and consolidate funds by sending the contents of the first two wallets to the third wallet.

Do we need to save (the *.ccw file) or just save the password and key?

[CredaCash]

Do we need to save (the *.ccw file) or just save the password and key?

You should save the ccw file for the time being, since that is the most reliable way to ensure you will be able to spend your funds.

[Mariia_BT]

By August miners will get 200 million and CredaCash devs will get 9.8 BILLION

That's 2% to miners and 98% to Mr CredaCash.

You are welcome.

That is factually incorrect.  80% will go to a non-profit Foundation.  As we have stated earlier on this thread, our primary goal is to create a completely private and highly scalable currency that can be used worldwide in real transactions, which no cryptocurrency has yet accomplished, and if that means doing something new, we are willing to do that.

this is really a very global and necessary idea. however, do you have any arrangements with various businesses and organizations around the world? it is quite difficult to implement. it is worth taking into account many different factors.

[CredaCash]

CredaCash mining update:

Since the start of mining, 25 million units of currency have been rewarded to miners.  There are 175 million units remaining to be rewarded.

Over the past hour, an average of about 2700 mint transactions have been submitted to the network every minute, and one block has been produced every 17.5 seconds.  That means if your computer can generate 26 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.68 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

[xryy1982]

Do we need to save (the *.ccw file) or just save the password and key?

You should save the ccw file for the time being, since that is the most reliable way to ensure you will be able to spend your funds.

Save it immediately after building my wallet? I found that the size of the wallet file has been changing. Do I need to wait for the mine to finish before I save it?

[CredaCash]

Do we need to save (the *.ccw file) or just save the password and key?

You should save the ccw file for the time being, since that is the most reliable way to ensure you will be able to spend your funds.

Save it immediately after building my wallet? I found that the size of the wallet file has been changing. Do I need to wait for the mine to finish before I save it?

The *.ccw file is an sqlite database that will change continuously when ccwallet is running.  It most importantly contains all of the coins sent to or created by that wallet, along with the secrets needed to spend them.  It also contains every transaction and address generated by the wallet, and information on the state of synchronization of the wallet with the blockchain (which is why the file changes continuously when ccwallet is running).

The wallet file is already saved on your computer.  It is a good idea to back it up occasionally.  It is recommended that the ccwallet program be shutdown before copying or backing up the wallet file.  Please be aware that anyone who obtains the wallet file can use it to take the unspent funds controlled by that wallet, so both the original wallet file and all backups should be kept secure.  If the wallet file is lost, it may be possible to recover its contents using the wallet master secret and password, but until this is better tested, it should not be relied on as the sole method of keeping the file secure.

When ccwallet is stopped, you can examine the contents of this file using the sqlite3 command line tool from sqlite.org.  It is recommended that you back up the file first.  This tool should only be used read the file (using the commands .schema, select, etc.) but not write to the file (do not use insert, update, alter, etc.).

Please let us know if you have any additional questions or run into any issues. Thank you.

[CredaCash]

Hello, Is there a way I can store the block chain in a different drive. I have the wallet on my D: drive but the chain is being saved to my C: drive.

Yes, both ccnode and ccwallet accept the command line option "--datadir=X:\some\directory" to control where the program looks for and stores its data files.  So you can stop ccnode (Ctrl-C), wait for it to stop completely, optionally move all of its data currently stored on the C drive over to the D drive, then restart ccnode with the --datadir option.  If you move the current data over to the D drive first, then ccnode will not have to resync from the beginning of the blockchain.

Note you can also save command line options in a configuration file that you reference when the program is started.  For example, you can edit the file ccnode.conf to add the line:

datadir=X:\some\directory

and then start ccnode using the command line "ccnode --config=ccnode.conf"

Please let us know if you have any additional questions or run into any problems.  Thank you.

[CredaCash]

CredaCash mining update:

Since the start of mining, 26 million units of currency have been rewarded to miners.  There are 174 million units remaining to be rewarded.

Over the past hour, an average of about 3370 mint transactions have been submitted to the network every minute, and one block has been produced every 17.8 seconds.  That means if your computer can generate 33 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.70 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

[CredaCash]

CredaCash mining update:

Since the start of mining, 27 million units of currency have been rewarded to miners.  There are 173 million units remaining to be rewarded.

Over the past hour, an average of about 3310 mint transactions have been submitted to the network every minute, and one block has been produced every 17.8 seconds.  That means if your computer can generate 33 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.72 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

[CredaCash]

CredaCash mining update:

Since the start of mining, 28 million units of currency have been rewarded to miners.  There are 172 million units remaining to be rewarded.

Over the past hour, an average of about 3590 mint transactions have been submitted to the network every minute, and one block has been produced every 17.3 seconds.  That means if your computer can generate 35 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.68 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

[CredaCash]

CredaCash mining update:

Since the start of mining, 30 million units of currency have been rewarded to miners.  There are 170 million units remaining to be rewarded.

Over the past hour, an average of about 3160 mint transactions have been submitted to the network every minute, and one block has been produced every 17.5 seconds.  That means if your computer can generate 31 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.67 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/

[CredaCash]

CredaCash mining update:

Since the start of mining, 31 million units of currency have been rewarded to miners.  There are 169 million units remaining to be rewarded.

Over the past hour, an average of about 3390 mint transactions have been submitted to the network every minute, and one block has been produced every 17.7 seconds.  That means if your computer can generate 33 mint transactions per minute, you would earn on average two mining rewards (2000 units of currency) every hour, and you would earn on average a total of 1.65 million additional units of currency through the end of the initial mining (if the difficulty does not change).

A Quick Start Guide to CredaCash Mining can be found at
    https://CredaCash.com/quick-start-guide/