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Author Topic: [ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza  (Read 142342 times)
octavarium
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June 14, 2017, 12:31:10 PM
 #361

stuck or what
 Grin Grin Grin Grin
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June 14, 2017, 01:11:01 PM
 #362

No dev, no answer and Unsynchronized client. Congratulations, Your coin is dead. Smiley
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June 14, 2017, 02:23:56 PM
 #363

Don't worry guys I am working on it. The fast solution is 99% going to involve a hard fork. I will also be adding new seed nodes while I am at it.


IF the hard fork does not happen, the scenario below will happen:

Right now, there seems to be only about 4-6 people with confirmed ECA in their wallet. By block 11880, about 20-30 people will have confirmed ECA for staking as there were some people mining 150 blocks before the bonanza. I estimate it will take about 16-17 days to reach block 11880 if the 4-6 people stake daily. When the next 20-30 people, assuming they transferred some ECA from the pool to their wallets get confirmed, the next block where many people will be confirmed is 11950. Block 11950 will take 4 days to reach if everyone who became confirmed on block 11880 stake daily. After that confirmed ECA in wallets will be in the 100s and things will move much faster. Everyone remaining can get their ECA within 1-2 days. This scenario is based on many assumptions and I believe a fork would be a much better solution.


Keep in mind that this kind of distribution of coins was never tried before and it was hard to anticipate while originally designing some parameters how many people would be using the coin before the Bonanza and after it.
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June 14, 2017, 03:47:55 PM
 #364

Don't worry guys I am working on it. The fast solution is 99% going to involve a hard fork. I will also be adding new seed nodes while I am at it.


IF the hard fork does not happen, the scenario below will happen:

Right now, there seems to be only about 4-6 people with confirmed ECA in their wallet. By block 11880, about 20-30 people will have confirmed ECA for staking as there were some people mining 150 blocks before the bonanza. I estimate it will take about 16-17 days to reach block 11880 if the 4-6 people stake daily. When the next 20-30 people, assuming they transferred some ECA from the pool to their wallets get confirmed, the next block where many people will be confirmed is 11950. Block 11950 will take 4 days to reach if everyone who became confirmed on block 11880 stake daily. After that confirmed ECA in wallets will be in the 100s and things will move much faster. Everyone remaining can get their ECA within 1-2 days. This scenario is based on many assumptions and I believe a fork would be a much better solution.


Keep in mind that this kind of distribution of coins was never tried before and it was hard to anticipate while originally designing some parameters how many people would be using the coin before the Bonanza and after it.

No it seemed like you just had no clue how to design a coin and plan for your actual end of your bonanza.   You didn't seem to think about how the confirmations would work at all and made gross assumptions about how websites like coinmarketcap would just ignore the market dilution and put you at #1 even though it is obvious that would never have happened.  Then you went and paid $300 to write an article trying to claim that Electra was #1 market cap coin knowing that it wasn't even possible because all your coins are locked in the blockchain.  How about a little admission of your clearly lacking any real knowledge of how this was supposed to actually work.  Now you're doing the research that should have been done before the coin was released and someone is telling you how you might fix it.  Dead coin is dead.  No market worth anything is going to trust this coin for anything but a useless failed gimmick.
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June 14, 2017, 03:59:44 PM
 #365

Don't worry guys I am working on it. The fast solution is 99% going to involve a hard fork. I will also be adding new seed nodes while I am at it.


IF the hard fork does not happen, the scenario below will happen:

Right now, there seems to be only about 4-6 people with confirmed ECA in their wallet. By block 11880, about 20-30 people will have confirmed ECA for staking as there were some people mining 150 blocks before the bonanza. I estimate it will take about 16-17 days to reach block 11880 if the 4-6 people stake daily. When the next 20-30 people, assuming they transferred some ECA from the pool to their wallets get confirmed, the next block where many people will be confirmed is 11950. Block 11950 will take 4 days to reach if everyone who became confirmed on block 11880 stake daily. After that confirmed ECA in wallets will be in the 100s and things will move much faster. Everyone remaining can get their ECA within 1-2 days. This scenario is based on many assumptions and I believe a fork would be a much better solution.


Keep in mind that this kind of distribution of coins was never tried before and it was hard to anticipate while originally designing some parameters how many people would be using the coin before the Bonanza and after it.

Dev, what about technical airdrop?
1 ECA for all
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June 14, 2017, 05:03:18 PM
 #366

Lol we can take this oportunity to swap coins Tongue and lunch a new blockchain and wallet. POS + a reduction from 30.000.000.000 to 30 millions coins. Or we wait for a better solution.
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June 14, 2017, 05:14:02 PM
 #367

I'm happy to wait 30days +, not in any rush, and why should we lose millions of coins cos a few people want to try to make a few bucks?

Besides, if you look at nova, there's only orders for around 500k eca, so whoever manages to get their coin confirmed on there first, will clean house, and unless anyone else wants to trade then its game over...
So i say let the stakers stake, lets see it unfold, DEV if you can lower pool payout to 0.0001 eca, that will help many more peeps get some eca out, which in turn will help move things along....or...let us mine another 432 blocks at 0 payout...
my best guess is, if you hard fork it, we all lose....
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June 14, 2017, 05:19:18 PM
 #368

Don't worry guys I am working on it. The fast solution is 99% going to involve a hard fork. I will also be adding new seed nodes while I am at it.


IF the hard fork does not happen, the scenario below will happen:

Right now, there seems to be only about 4-6 people with confirmed ECA in their wallet. By block 11880, about 20-30 people will have confirmed ECA for staking as there were some people mining 150 blocks before the bonanza. I estimate it will take about 16-17 days to reach block 11880 if the 4-6 people stake daily. When the next 20-30 people, assuming they transferred some ECA from the pool to their wallets get confirmed, the next block where many people will be confirmed is 11950. Block 11950 will take 4 days to reach if everyone who became confirmed on block 11880 stake daily. After that confirmed ECA in wallets will be in the 100s and things will move much faster. Everyone remaining can get their ECA within 1-2 days. This scenario is based on many assumptions and I believe a fork would be a much better solution.


Keep in mind that this kind of distribution of coins was never tried before and it was hard to anticipate while originally designing some parameters how many people would be using the coin before the Bonanza and after it.

so what happened exactly? the sync is still there but it can't sync it's stay unsynching forever, it was working good before this superblock thing, i think it has to do with this, this also happened to sweepstakecoin, after the super block the coin forked and was barely recuperable
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June 14, 2017, 06:13:14 PM
 #369

PLEASE do not hard fork. It'll just piss everyone off :c
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June 14, 2017, 06:14:50 PM
 #370

Interesting project with NIST5.. will be following!

Any exchange soon?
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June 14, 2017, 06:37:02 PM
 #371

Interesting project with NIST5.. will be following!

Any exchange soon?
https://novaexchange.com/market/BTC_ECA/

                                 
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[/cen
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June 14, 2017, 11:05:54 PM
 #372

Tried to stake. But didn't get anything. Taking a look at debug.log maybe it can say something

Servers been shutted down forever. Working on compensate program.
If need a pool public or private PM me.
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June 15, 2017, 06:02:23 AM
 #373

I have coins in my personal wallet... I am one of the 3 or 4 that do... however they will not stake... it says I am staking and showing me a weight but I have yet to create a block or stake anything... I saw this coming as any normal person should have... everyone and their mom was mining directly to Nova and no one had personal wallets open, so I made 5 small inputs into my personal wallet as soon as I could knowing that with no one having anything in a person wallet no one could stake and move the chain... With those 5 inputs in my wallet I should be able to stake 5 times depending on how long those coins are held up in the stake... Like I said though, my wallet has been open for a long time and it still hasn't created a block.



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June 15, 2017, 12:59:39 PM
 #374

Just hard fork it back to block 11810 and do no reward POW, then u can use a raspberry pi to move the chain or whatever without spending a lot of resources.
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June 15, 2017, 04:35:31 PM
 #375

Dev, I think it would be nice to stay in touch with the community and update more often on the current state of affairs. Silence is dangerous when it comes to blockchain problems.
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June 15, 2017, 06:08:52 PM
Last edit: June 15, 2017, 06:23:45 PM by Knathein
 #376

Dev, I think it would be nice to stay in touch with the community and update more often on the current state of affairs. Silence is dangerous when it comes to blockchain problems.
Just hard fork it back to block 11810 and do no reward POW, then u can use a raspberry pi to move the chain or whatever without spending a lot of resources.

I have been in contact with Electra01 the dev, He said that "I have realized at the current state, since a hard fork requires the blocks to progress, which they can't, this approach won't work." and as a result of that, as of right now it seems like he is going to re-enable POW mining for a while with 0 block rewards, and encourage people to create multiple staking addresses so when the POS switch does happen again, everyone with all the millions of coins will be staking dozens of times per day. He states that the ETA on that is 1 to 2 weeks, no ECA will be lost in this process, everyone just hops on the network again and mine until the "Bonanza" stage gets through.

I will try to keep updated as well and see if we can't get the "ETA" sooner.

Hope this helps Smiley

EDIT: Another thing I forgot to mention is he was also playing with the idea of when it goes to the POS stage again, making the stake times between 10 and 60 minutes, so that way it will truly be "dozens" of times per day each address that is staked across the network. This is all of the updated information that I have so far for now, but I will talk to him and see if he can't give an update from himself/post something on the OP. As I can tell though he is trying to work out the kinks as hard as he can.
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June 15, 2017, 11:00:37 PM
 #377

Dev, I think it would be nice to stay in touch with the community and update more often on the current state of affairs. Silence is dangerous when it comes to blockchain problems.
Just hard fork it back to block 11810 and do no reward POW, then u can use a raspberry pi to move the chain or whatever without spending a lot of resources.

I have been in contact with Electra01 the dev, He said that "I have realized at the current state, since a hard fork requires the blocks to progress, which they can't, this approach won't work." and as a result of that, as of right now it seems like he is going to re-enable POW mining for a while with 0 block rewards, and encourage people to create multiple staking addresses so when the POS switch does happen again, everyone with all the millions of coins will be staking dozens of times per day. He states that the ETA on that is 1 to 2 weeks, no ECA will be lost in this process, everyone just hops on the network again and mine until the "Bonanza" stage gets through.

I will try to keep updated as well and see if we can't get the "ETA" sooner.

Hope this helps Smiley

EDIT: Another thing I forgot to mention is he was also playing with the idea of when it goes to the POS stage again, making the stake times between 10 and 60 minutes, so that way it will truly be "dozens" of times per day each address that is staked across the network. This is all of the updated information that I have so far for now, but I will talk to him and see if he can't give an update from himself/post something on the OP. As I can tell though he is trying to work out the kinks as hard as he can.

Glad to hear that, thanks! Smiley
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June 16, 2017, 12:37:20 AM
 #378

SUPER BONANZA WAS VERY COOL!  Glad to be a part of it!!!  Thanks and good luck.
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June 17, 2017, 02:57:33 AM
 #379

I am glade to see this coin rising price in coinmarketcap today,
Good luck to you all

bPool - Your mining pool site: https://bpool.site
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June 17, 2017, 06:48:50 AM
 #380

So... it was just another scam or we are getting something, I see nobody is commenting around anymore :C
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